Ximim Eig - Imm: Puniab Notional Bank

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HO: FINANCE DIVISION SHARE DEPART ARG, NEW DELHI-110001
Tel Nos : 011-23708257 Fax No : lm*. 3 LiL ail : [email protected]
o Shari Dort
0- Fine ce Dry
SDFD/SE/256
08.06.2017
Script Code : PNB Script Code : 532461
The Assistant Vice President The Dy. General Manager
National Stock Exchange of India Limited Bombay Stock Exchange Limited
"Exchange Plaza", 1st Floor, Phiroze Jeejeebhoy Towers
Bandra — Kuria Complex, Bandra (E), Dalai Street,
Mumbai — 400 051 Mumbai — 400 001
Sir,
Reg.: AGM of the Bank to be held on 29.06.2017 — Annual Report for the financial year
2016-17.
We are attaching herewith Full version of Annual Report for the financial year 2016-17
containing notice of AGM. The same is sent to shareholders whose email ids are
registered with the STA/Depository Participants(s) whereas Abridged Annual Report
for 2016-17 has been sent to all other shareholders at their registered address in the
permitted mode.
The said Annual Report is also displayed on Bank's website www.pnbindia.in.
This is in compliance of the SEBI (LODR) regulations 2015.
Thanking you,
Yours sincerely,
Balbir Singh
Encl: A/a Company secretary
31NT9' Trzfi—
dzi : 7, 1-117UT -1T1T rc.11 - 110607 • TiTiq : 26102303 • c : www.pnbindia.in
Head Office : 7, Bhikhaiji Cama Place - 110 607 • Telephone : 26102303 • Website : www.pnbindia.in
Livii<{Arqa. 3 'et i1471 24 1471c4 tdi 317E TT t Punjab National Bank welcomes you to toll free 24 hours call center :1800 180 2222/1800 103 2222
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
GPLMXQI Contents
JA#MB Page No.
VLTG7M 2-16 Notice 2-16

GVOTLELTBEIGKJLT7; 17-35 Directors’ Report 17-35
ÈDBVMBDBIGPQLKGPFL; PBGPZTLL 36-48 Management Discussion and Analysis 36-48
GVYGFSLLMVJKZTvLJKI\LELTELÈFLLJL 49-50 Auditors’ Certificate on Corporate Governance 49-50
GVYGFSLLMVJKGKJLT7; 51-81 Report on Corporate Governance 51-81
ELKLTDLKNºLKOLG3PGKJLT7; 82-97 Business Responsibility Report 82-97
GVYGFSMLFLGUEN3SKOLG3PGKJLT7; 98-109 Corporate Social Responsibility Report 98-109
DTMZII PBDTMZIIIETWBSY;SÈE7IEKL 110-111 Disclosure under Basel II & Basel III 110-111
GPºLIGPPKLJL MLTZLT
Financial Statements (Solo)
- SRZVJL 113-114 - Balance Sheet 113-114
- ZL)LHLGV<LLSL 115-117 - Profit & Loss Account 115-117
- WVRMXGQLB 118-127 - Schedules 118-127
- ÈFRvZTvLGPGMBDBIVIGSLB 128-140 - Significant Accounting Policies 128-140
- vLSLTBMTM&DG6SG7*JGLLB 141-179 - Notes to Accounts 141-179
- VEOIJ[PLHGPPKLJL 180-182 - Cash Flow Statement 180-182
- ZT<LLJKI\LELTBEIGKJLT7; 183-185 - Auditors’ Report 183-185
MFTGESGPºLIGPPKGLLB Consolidated Financial Statements
- SRZVJL 187-188 - Balance Sheet 187-188
- ZL)LHLGV<LLSL 189-191 - Profit & Loss Account 189-191
- WVRMXGQLB 192-204 - Schedules 192-204
- ÈFRvZTvLGPGMBDBIVIGSLB 205-218 - Significant Accounting Policies 205-218
- vLSLTBMTM&DG6SG7*JGLLB 219-233 - Notes to Accounts 219-233
- VEOIJ[PLHGPPKLJL 234-237 - Cash Flow Statement 234-237
- ZT<LLJKI\LELTBEIGKJLT7; 238-240 - Auditors’ Report 238-240
LLTLLLJL 241-242 Declaration Form 241-242
VLFLBEVJL 243-244 Nomination Form 243-244
0GºL2YSULVELKI 245-248 Personal Information 245-248
J[L8%MIJ2LF; 249-250 Proxy Form 249-250
NJG-'LGSJQI;MHJ[PTLJL 251-252 Attendance Slip cum Entry Pass 251-252
ZT<LLJKI\LE AUDITORS
/LUT. B.OLTLI Chhajed & Doshi
WLKOTPT6ÇERFLK B. MLTGM 7_M R Devendra Kumar & Associates
HTFMBOIJ B.E&JVI Hem Sandeep & Co.
MXKI B.E&JVI Suri & Co.
MJI FUI B.E&JVI SPMG & Co.
LTKWBSKL UTB7 SHARE TRANSFER AGENT

DI7ZJ2LC;VTBGLZ B.E&*X7KMGP;GMU ÈL
GZGF7T.
Beetal Financial & Computer Services (P) Limited
?DI7ZHLNM>SASISZ> ‘Beetal House’, 3rd Floor
>FOVYIK>ZLTEZLL8GJBYMTB7KETJI/T> 99, Madangir, Behind Local Shopping Centre
VC;GO:ZI New Delhi 110062
7TZIVB!!>J24%M Tel. No. 011-29961281/82/83, Fax: 011-29961284
C;FTZbeetal@beetalfinancial.com e-mail: beetal@beetalfinancial.com
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2
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Head Office : 7, Bhikhaiji Cama Place, New Delhi – 110 607

(email – [email protected])
NOTICE
NOTICE IS HEREBY GIVEN that pursuant to regulations 56 of Punjab National Bank (Shares & Meetings) Regulations, 2000,
16th Annual General Meeting of the Shareholders of Punjab National Bank will be held on Thursday, the 29th June, 2017, at
10.00 A.M. at Punjab National Bank Auditorium, Central Staff College, 8, Underhill Road, Civil Lines, Delhi-110054 to transact
the following business:
1. To consider and adopt the Audited Balance Sheet of the Bank as at 31st March 2017, Profit and Loss Account of the Bank
for the year ended 31st March 2017, the Report of the Board of Directors on the working and activities of the Bank for the
period covered by the Accounts and the Auditor’s Report on the Financial Statements.
2. Election of one Shareholder Director of the Bank
To elect ONE Director from amongst the shareholders of the Bank, other than the Central Government, in respect of
whom valid nominations are received in terms of Section 9 (3) (i) of the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970, (hereinafter referred to as “Act”) read with the Banking Regulation Act, 1949 (hereinafter
referred to as “B R Act”), The Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970 (hereinafter
referred to as “Scheme”) and the Punjab National Bank (Shares and Meetings) Regulations, 2000 (hereinafter referred to
as “PNB Regulations”) and Notification Nos. DBOD. No. BC. No. 46 & 47/29.39.001/2007-08 dated 01-11-2007 and No.
DBOD.NO. BC.No. 95/29.39.001/2010-11 dated 23-05-2011 of Reserve Bank of India (hereinafter referred to as “the RBI
Notification”) and the extant Government of India (GOI) Guidelines.
To consider and if thought fit, pass with or without modification, the following Resolution:
“RESOLVED THAT one Director elected from amongst shareholders other than the Central Government, pursuant to
Section 9(3) (i) of the Act read with relevant Scheme, Regulations made there under and RBI Notification, be and is hereby
appointed as the Director of the Bank to assume office from the day after the declaration of results and shall hold office until
the completion of a period of three years from the date of such assumption”.
By order of the Board of Directors

For Punjab National Bank
Place: New Delhi (Sunil Mehta)

Date: 16.05.2017 Managing Director & CEO
3
0L<L3FEE'LV EXPLANATORY STATEMENT
LTKÉLLKEGVOTLELTBELGVPL;QV Election of Shareholder Director
LTKÉLLKELTBELTGVOTLEETQRVLPELWGÉLELK RIGHTS OF SHAREHOLDERS TO ELECT DIRECTOR

Shareholders other than GOI hold 34.99 % of the share
GVOTLELTBELGVPL;QVEKVTETGZ LTKÉLLKELTBELWGÉLELK)LLKSMKELK capital of the Bank. As per Section 9(3) (i) of the Act, Bank is
ETWZLPLLTKÉLLKED4BEETJXBUIETÉLLKEH4B"WGÉLGVFEI entitled to have a maximum of three Directors representing the
ÉLLKL
(i)ET WVRMLK>JBULDV4LVZD4BE>D4BEET LTKÉLLKELTB ET6Ç shareholders of the Bank (other than the Central Government).
At present there is one vacancy of Shareholder Director on the
MKELKETWZLPL
ELÈGSGVGÉL3PEKVTPLZTWGÉLESFSIVGVOTLEKvVT
Board.
ELJLLH4"PS;FLVFTBDLT.;FTB ELTKÉLLKEGVOTLEELJOvLZIH4"
Accordingly, the vacancy shall be filled in the Annual
SOVRMLK>GKGºL2LTBELTD4BEEIGOVLBEELTWLLTGUSLTKÉLLKELTB General Meeting (AGM) of the shareholders of the Bank on
EIPLGL;EWLFD4#E UI F
FTBGVOTLEELJO)LKLUL YL" 29.06.2017.
The shareholders (other than the Central Government) are
WSLTKÉLLKE ET6ÇMKELKET WZLPL
WJVLVLFBEV)LTUVT ET JLL therefore entitled to send their nominations, if eligible, as per
H4BW'LPLM&DWGÉLGVF>DIWLKWGÉLGVF>LTUVL>JI VDIGPGVFV> the procedure detailed in relevant Act, B R Act, Scheme, PNB
WGÉLMXQVLGUVETMBDWBLCMFTBGOTYTH4B>EIGP-SASÈG¹LWVRMLK Regulations, Notification, the relevant portions of which are
QRVLPZ.MESTH4B"QRVTYTGVOTLEJO)LLKY[HLEKTBYTBWL4KJO)LLKY[HL indicated hereunder. The elected director will assume office
from the day after the declaration of results and will hold office
EKVTEIGSG'LLJGKLLFLTBEI LLTLLLEIGSG'LMTULT)LIDLOFTBHLTSIV for a period of three years from the date of assumption of
PL;EIWPGÉLSEETGZ DVTKHTBYTB" office.
ELVXVIÈLPÉLLV LEGAL PROVISIONS

The following table indicates the provisions contained in various
CM FLFZT MT MBDBGÉLS GPG)L6V WGÉLGVFLTB!LTUVLWLTB!JI VDI GPGVFLTB! Acts/ Scheme / PNB Regulations / Notification governing the
WGÉLMXQVLFTBGO ÈLPÉLLVGV&VSLGZELFTBOLL; Y H4B matter.
WGÉLGVF!LT U VLWLT B ! GPGVFV! ÈLPÉLLV ACTS / SCHEME / PROVISIONS

WGÉLMXQVL REGULATIONS / NOTIFICATION
Banking Regulations Act, 1949 Section 20
D4BEELKIGPGVFWGÉLGVF> ÉLLKL
Banking Companies (Acquisition Section 3 (2E), Section 9
D4BEELKI EBJVI NJ¹FLTB EL WU;V PB ÉLLKL C;
> ÉLLKL
(i)> and Transfer of Undertakings) (3) (i), Section 9 (3A) (A)
WBSKL
WGÉLGVF> ÉLLKL

MT MI
> Act, 1970 to (C), Section 9(3AA),
ÉLLKL
> ÉLLKL DI
> Section 9(3AB), Section
ÉLLKL DI
>ÉLLKL
9(3B) Section 13(2)
KL7I²S D4BE ÈDBÉLV PB GPGPÉL vB.

> vB.> vB.> The Nationalized Banks Clause 9 (4), Clause
(Management and Miscellaneous 10, Clause 11, Clause
ÈLPÉLLV
LTUVL> vB. > vB.DI> vB. Provisions) Scheme, 1970 11A, Clause 11B, Clause

12(8)
JBULD V4LVZ D4BE LTK PB D4#ETB
GPGVF> MT Punjab National Bank (Shares Regulation 10, 61A to 70
GPGVF> and Meetings) Regulations 2000
)LLKSI GKUP; D4BE EI EI WGÉLMXQVL D4BEELKIEBJVI NJ¹FLTB EL Reserve Bank of India Pursuant to Section 9
Notification No. DBOD.No.BC. (3AA) and Section 9
MB<LGOVLBE.IDIWLT.IMB WU;V PBWBSKL
WGÉLGVF>
No.46&47/29.39.001/2007-08 (3AB) of the Banking
DIMIMBP!! EIÉLLKL
WL4K dated 01.11.2007 and DBOD. Companies (Acquisition
PB EI WGÉLMXQVL ÉLLKL DI
ET WVR¹F No. BC.No.95/29.39.001/2010-11 and Transfer of
MB<L .IDIWLT.I DIMI MB ! FTB dated 23.05.2011 Undertakings) Act, 1970
! KL7I²S D4BE ET DLT.; FTB – Fit and Proper criteria
for elected Directors
QGVS GVOTLELTB ET GZ on the Boards of the
M\LFWL4KNJRºL2FLVOB. nationalized banks.
MTDI GOLLGVO;TL JGKJL MB<L CZ4%7LGVEPLTG7BY SEBI guidelines – circular no. Electronic voting
MIWLC;WLK!MI J2.I !JL8GZMI MTZ! ! CIR/CFD/POLICYCELL/2/2014
dated 17.04.2014
GOVLBE
4
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
EBJVI ÈDBÉLVWL4KÈLLMV
GVF> The Companies (Management &
'LLMBLLTGÉLSEBJVI ÈDBÉLVWL4KÈLLMV
vB. CZ4%7LGVE FLÉF Administration) Rules 2014
As amended by The Companies Rule 20 – Voting through
MBLLTÉLVGVF> MTPLTG7BY (Management & Administration) electronic means
Amendment Rules 2015
GPºLI MTPL B È)LLY> GPºL FBLLZ> MLP;UGVE \LTL ET D4BELTB FTB Department of Financial Guidelines for
)LLKS MKELK JL MB J2MB WBLELGZE Y4K WGÉLELGKE Services, Ministry of Finance, appointment of part time
Government of India letter no. Non-Official Directors in
!!DIWLTWLC;WL4K GVOTLELTB EI GVRGºL2 HTSR F. No. 16/83/2013 – BOI dated Public Sector Banks.
WBLELGZE Y4K WGÉLELGKE GVOTLE GOLLGVO;TL 03.09.2013 and guidelines
ET QV HTSR GOLLGVO;TL GOVLBE for selection of part time Non-
Official Director vide letter
ET JL !!DIWLTWLC; no. 16/17/2010-BO.I dated
GOVLBE!!WL4KVLFLBEV)LKVT 13.10.2011 as on 01.06.2011
EI GSG'L SE_ CMFTB WLYLFI MBLLTÉLVLTB and subsequent amendments
ETWVRMLK thereto as on date of filing of
nominations.
NJ;R%SÈLPÉLLVLTBELMLKLBLVIQTGOLYLH4 THE GIST OF THE ABOVE MENTIONED PROVISIONS IS
DESCRIBED HEREIN BELOW:
D4BEELKIGPGVFVWGÉLGVF>
Banking Regulation Act, 1949
ÉLLKLFTB CMET GEMIGVOTLEELT LNMEIWLTKMT LLWGY[F Section 20 places certain restrictions for granting any loan or
FBUXKEKVTJKER/TEMIFLWLTBELN:ZTvH4" advance to or on behalf of any of its directors.
D4BEELKI E&JVI NJ¹FLTB EL WU;V PB WBSKL

WGÉLGVF> Banking Companies (Acquisition and Transfer of
Undertakings) Act, 1970
● ÉLLKL C;
FTBET6ÇMKELKMTG)L6VGEMILTKÉLLKELTBETFSOLV ● Section 3 (2E) restricts the voting right of a shareholder
WGÉLELKELT M)LILTKÉLLKELTB ET ERZFSOLVWGÉLELKLTB ET other than the Central Government to Ten per cent of the
ÈGSLSSEMIGFSGELYLH4" total voting rights of all the shareholders.
● LKL
(i) FTB TMT D4BELTB FTB LTKÉLLKELTB ^LKL QRVT ULVT PLZT ● Section 9(3) (i) prescribes the maximum number of
GVOTLELTBEIMB<LGVÉLL;GKSEIYC;H4" directors to be elected by the shareholders.
● LKL

MT MI
FTBER/LT9SL B!LS;TBGVÉLL;GKSEIYC; ● Section 9 (3A) (A) to (C) prescribes qualifications and
special knowledge in certain fields for the directors to be
H4BGUVFTBGPGVGO;7H4GEÉLLKL
(i)ETSHSVLGFSGE ULVT
nominated under Section 9 (3) (i).
PLZTGVOTLELTBELTER/TE\LTLLTBELGPLTL,LVHLTVLQLGH "
● LKL
WL4K DI
FTB H4 GE ELTC; )LI 0GºL2 SD ● Section 9 (3AA) and (3AB) prescribes that no person
shall be eligible to be elected as director unless he/she is
SEGVOTLEET JOJKQRVT ULVT HTSR JLLVHIB HLTYLUDSE
a person having “Fit and Proper” status based upon track
GE PH NMET GPYS GKEL.;> GV#L WL4K )LLKSI GKUP; D4BE record, integrity and such other criteria as per Reserve
^LKL WGÉLMXQVL MB<L .IDIWLT.IVB DIMIVB S'LL ! Bank of India Notification Nos.DBOD.No.BC.No.46 &
! GOVLBE VP&DK> S'LL .IDIWLT.IVB 47/29.39.001/2007-08 dated 1st November, 2007 read
DIMIV!!GOVLBEFC;>ETUGK with DBOD.No.BC.No.95/29.39.001/2010-11 dated 23rd
WGÉLMXGQSGE Y FLVOB.LTB ET WLÉLLKJKM\LFWL4KNJRºL2 May, 2011.
-SKELVHLT"
● Section 9(3B) deals with the right of Reserve Bank of India
● ÉLLKL DI
FTB)LLKSIGKUP;D4BEELTNºL2WGÉLGVFEIÉLLKL to remove a director so elected under Section 9(3) (i) of

(i)ETSHSCMÈELKQRVTY GVOTLEELTH7LVTELWGÉLELK the aforesaid Act, who does not fulfill the requirements of
GOLYLH4 ULT NºL2WGÉLGVFEIÉLLKL
WL4K
Section 9 (3A) and Section 9(3AA) of the said Act.
EIWJT\LLWLTBELTJXKLVEKSLHLT" ● Section 13 (2) deals with the obligation as to declaration
● ÉLLKL
FTBSIMKIWVRMXQIFTBGO Y GV#LS'LLYLTJVISL of Fidelity and Secrecy in the form set out in the Third
EI LLTLLLETWVRJHLTVLQLGH " Schedule.
5
KL7I²SD4BE ÈD6ÉLV PBGPGPÉLÈLPÉLLV
LTUVL> Nationalized Banks (Management and Miscellaneous
Provisions) Scheme, 1970
● vB.
FTBEHLYLH4GEELTC;)LIGVPL;GQSGVOTLESIVPL;
ET GZ JO JK KHTYL WL4K JRVGV;PL;QV HTSR JLL HLTYL JK6SR TML ● Clause 9(4) provides that an elected director shall hold
office for three years and shall be eligible for re-election.
ELTC; GVOTLE ZYLSLK PL; MT WGÉLE WPGÉL ET GZ JO JK Provided that no such Director shall hold office for a
VHIBKHTYL" period exceeding six years.
● vB.FTBGVOTLELTBETGZ ER/TEWLT9SL BGPGVGO;7H4" ● Clause 10 specifies certain disqualifications for
directors.
● vB.GVOTLELTB^LKLJOGKºL2GE ULVTMTMBDBGÉLSH4"
● Clause 11 deals with vacation of office by directors.
● vB. TMIG-'LGSMTMBDBGÉLSH4UHLBWGÉLGVFEIÉLLKL
● Clause 11 A deals with the situation where a director

(i)ET SHSGVPL;GQSGVOTLEELT H7LLULMESLH4 WL4KNMET
elected under Sec. 9(3) (i) of the Act may be removed
-'LLVJKGKºL2JOELT )LKVT ET GZ GEMIW60GºL2ELT QRVL and another person in his stead be elected to fill the
ULMESLH4" vacancy.
● vB.DIWLEG-FEGKGºL2LTBELT)LKVTMTMBDBGÉLSH4" ● Clause 11B deals with casual vacancy.
● <LB.
GVOTLELTB^LKLEGSJGUVFTBNVELGHSH4>ETMBDBÉL ● Clause 12(8) deals with disclosure of interest by directors,
in certain arrangements in which they are interested.
FTBGHSLTBETÈE7IEKLMTMBDBGÉLSH4"
Punjab National Bank (Shares & Meetings) Regulations,
JBULDV4LVZD4BE LTK PBD4#ETB
GPGVFV> 2000
● GPGVFFTBLTKLTBEIMBRºL2ÉLLGKSLETFLFZTFTBFSOLVWGÉLELK ● Regulation 10 determines the voting rights in the case of
GVGQSGE Y H4B" joint holding of shares.
● GPGVF MTGVOTLEETJOJKQRVTULVTHTSRÈ3LLIETJ ● PNB Regulations 61A to 70 prescribes certain conditions

FTBGEMI0GºL2ELTVLGFSEKVTHTSRER/TELS;TBWL4KQRVLPWLLTGUS for nominating a person as a candidate for election as a
Director, the procedure for conducting an election and
EKVTEIÈG¹LS'LLW6ÈLMBGYEFLFZLTBMTMBDBGÉLSH4B" deals with other incidental matters.
MTDI GOLLGVO;TL JGKJL M CIR/CFD/POLICY-CELL/2/2014 SEBI Guidelines – circular no. CIR/CFD/POLICY-CELL/2/2014
GOVLBE FTB N:ZTv H4 GE E&JVI ÈD6ÉLV WL4K ÈLLMV
dated 17.04.2014 mandates that e-voting should be facilitated
GVF>GOVLBEELTMBLLTGÉLSEILSLTFTBLTKÉLLKELTBEI in General Meetings of shareholders in terms of The Companies
(Management and Administration) Rules 2014, as amended on
MLÉLLKLD4#EFTBC;PLTG7BYEIMRGPÉLLÈOLVEIULVIQLGH " 19.03.2015.
vB.CZ4%7LGVEFLÉF^LKLPLTG7BYEIÈGELELGPZTLLEKSLH4" Rule 20 enumerates the procedure for voting through electronic
v.(ii)EILSLTETWVRMLKCZ4%7LGVEFLÉF^LKLPLT7EIJLLSL means. In terms of Rule 20 (ii), cut-off date for determining
GVGQSEKVTEIE7WL8J2GSG'LLMLFL6D4#EEIGSG'LMLFL6D4#E eligibility to vote by electronic means or in the General Meeting
shall be a date not earlier than 7 days before the General
MTGOVJXP;MTEFEIGSG'LVHIBHLTYI" Meeting.
PTDMLC7 FTB WGÉLGVF! LTUVL! GPGVFV! WGÉLMXQVL ET PROVISIONS OF ACTS/ SCHEME/ REGULATION/
ÈLPÉLLV NOTIFICATION IN WEBSITE
LTKÉLLKELTB EI MRGPÉLL ET GZ M&D DI WLK WGÉLGVF> WGÉLGVF> ● For the convenience of the shareholders, the relevant
JI VDIGPGVFV>LTUVLS'LL)LLGKD4BEEIWGÉLMXQVLD4BEEIPTDMLC7 B R Act, the Act, the PNB Regulations, the Scheme
as well as RBI Notifications are hosted on the Bank’s
www.pnbindia.in GVPTLEMXQVLJA#
H4 WL4KCMT .LNVZLT.GEL
website www.pnbindia.in – (Investor Info page), which
ULMESLH4" are downloadable.
N&FIOPLKETGZTLT9SLTB QUALIFICATION FOR A CANDIDATE
● N&FIOPLKELTWGÉLGVFEIÉLLKL
FTB'LLGVÉLL;GKSLT9SLWLTB ● The candidate shall comply with the qualifications
ELT JXKLEKVLHLTYLS'LLLTUVLEIÉLLKLFTB GPGVGO;7WVH;SL prescribed in Section 9 (3A) of the Act and shall not suffer
PLZLVHLTSLTGPGVFVETGPGVFFTBNG:ZGvSLSLTELTJXKL the disqualifications specified in Clause 10 of the Scheme
and shall satisfy the conditions mentioned in Regulation
EKTYLGUVELGPPKLVIQTGOLYLH4"
65 of the PNB Regulations, which are detailed herein.
I) WGÉLGVFEIÉLLKL
ETWVRMKLFTBN&FIOPLKULTD4BE
I. In terms of Section 9(3A) of the Act, a candidate
ELLTKÉLLKEH4 PB WGÉLGVFEIÉLLKL
(i)ET WÉLIV being a shareholder of the Bank and who desires to
D4BE EL GVOTLE DVVT EL C1/RE H4> ET JLM GV&VGZGvS be elected as a Director of the Bank under Section
LT9SL BHLTVIQLGH " 9 (3)(i) of the Act shall:
6
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
E
NMT GV&VGZGvS FLFZLTB FTB E L WGÉLE EL GPLTL ,LV L (A) have special knowledge or practical experience in respect
0LPHLGKEWVR)LPHLTVLQLGH of one or more of the following matters namely :-
i. ²GLWL4KY[LFILW'L;0P-'LL i. agriculture and rural economy,
ii. D4BGEBY II. banking,

iii. MHELGKSL III. co-operation,
iv. W'L;LL-L IV. economics,
v. GPºL V. finance,
vi. GPGÉL VI. law,
vii. Z LRN]LTY VII. small scale industry.
viii. GEMIW6FLFZTFTB GPLTL,LVWL4K0LPHLGKEWVR)LPULT
VIII. any other matter the special knowledge of and
)LLKSIGKUP;D4E B ETFSLVRMLKULTD4E B ETGZ NJLTYIHLT" practical experience in, which would, in the opinion
v
PHUFLESL;WLTBETGHSLTBELÈGSGVGÉL3PEKSLHLTW'LPL of the Reserve Bank of India is useful to the Bank.
Y
PHGEMLVLT>B ELFYLKLTB WL4KGL:JELKLTB ETGHSLTB ELÈGSGVGÉL3PEKSLHLT" (B) represent the interest of depositors; or
II. NºL2WGÉLGVFEIÉLLKL
WL4K)LLKSIGKUP;D4BE (C) represent the interest of farmers, workers and artisans.
EI WGÉLMXQVL ET WVRMLK D4BE EL LTKÉLLKE HLTVT ET II. In terms of Section 9(3AA) of the Act and RBI
VLST WL4KD4BEET GVOTLEJOET GZ VLFLBEVJOEKVT Notifications a candidate being a shareholder of
PLZT È3LLIELT ?M\LF PB NJRºL2H4GMSPLZLHLTVL the Bank and who files nomination to be a Director
of the Bank should possess ‘Fit & Proper status’.
QLGH "
III. Further, the elected directors should execute the
III. CMET WGSGKºL2> GVPL;GQS GVOTLE ELT ÈMBGPOL GPZTv
Deed of Covenants and are required to furnish
GVJLGOSEKVLHLTYLWL4KCMMBDBÉLFTB)LLKSIGKUP;D4BE annual declarations, as prescribed by the Reserve
^LKL'LLGVÉLL;GKSPLGL;E LLTLLL BÈ-SRSEKVIHLTYI" Bank of India in this regard.
DISQUALIFICATIONS FROM BEING ELECTED AS A
D4BEETGVOTLEETJFTBQVETGZ WVH;SLTB DIRECTOR OF THE BANK
W KL7I²SD4BE ÈD6ÉLV PBGPGPÉLÈLPÉLLV
LTUVL>EIÉLLKL (A) In terms of Clause 10 of the Nationalized Banks
ETWVRMKLFTBELTC;0GºL2GVOTLEETJFTBGVRºL2HLTVTWL4K (Management & Miscellaneous Provisions) Scheme,
GVOTLEDVVTETGZ WLT9HLTYL 1970, a person shall be disqualified for being appointed,
E
GOPHGEMI)LIMFGOPLGZL6LGVLI;SHRWLHLT>L as and for being a Director:-
NMVTLWOLVGELHLTLZTVOLKLTBETML'LMFL4SL a. if he has at any time being adjudicated an insolvent
GELHLT>W'LPL or has suspended payment or has compounded
with his creditors; or
v
GOPHGP²SFVELHLTLGEMIM\LF6LLZ^LKL
TML LLTGLSGELYLHLT>W'LPL b. if he has been found to be of unsound mind and
stands so declared by a competent court; or
Y
GO PH GEMI URF; FTB WLJKLGE 6LLZ ^LKL OLTLI
#HKLLYLHLTGUMFTBV4GSEWÉLFSLGVGHSHLT>W'LPL c. if he has been convicted by criminal court of an
offence which involves moral turpitude; or
L
GOPHGEMIJXL;ELGZEGVOTLE>ÈD6ÉLGVOTLEWL4K
d. if he holds any office of profit under any nationalized
WGÉLGVFEIÉLLKLEINJÉLLKL
ETv. C;
PB bank or State Bank of India constituted under sub-
J2
ETWÉLIVD4BEETEF;QLGKLTBFTBMTVLGFSGVOTLE section (1) of Section 3 of the State Bank of India
ET JOET GMPLGEMIKL7I²SD4BEL)LLKSI-7T7 Act , 1955 except for holding the post of a whole-
D4BEWGÉLGVFEIÉLLKLEINJÉLLKL
EIÉLLKL time director, including the Managing Director and
FTB'LLJGK)LLGLSGEMIWVRLBYID4BEFTBELTC;ZL)LELJO directors nominated under clause (e) and (f) of
sub-section (3) of Section 9 of the Act from among
ÉLLGKSEKSLHLTWL4K the employees of the Bank and.
WL
)LLKSI GKUP; D4EB EI WGÉLMXQVL .IDIWLT.IVBDIMIVB S'LL (B) If he/she is not found to be ‘fit and proper’ person, by
!!GOVLBES'LL.IDIWLT.IVBDIMI the Nominations Committee of the Directors of the Bank
VB!!GOVLBES'LL)LLKSMKELKET in terms of RBI Notifications No. DBOD.No.BC.No.46 &
47/ 29.39.001/ 2007-08 dated 01.11.2007 and DBOD.
PS;FLVGOLLGVO;T LLTB ETWÉLIVD4E
B ETGVOTLELTB EIVLFLBEVMGFGS No. BC.No.95/29.39.001/2010-11 dated 23.05.2011 and
^LKLGOPH?M\LF PBNJRºL2H4GMSPLZLVHLT" extant Government guidelines.
7
WBLELGZE Y4K WLGÉLELGKE GVOTLELTB VWLT.I
ET QV HTSR Gist of Guidelines for selection of part time Non-Official
GOLLGVO;TLLTBELMLK Director (NOD)
GOGVOTLED4BE! J2WLC;ETGEMI)LI+TLIETSHSJHZTHILLGFZH4B> A Director already on the Board of a Bank/FI, under any

SLT NMJKGEMI)LIW6D4BE! J2WLC; ET Y4KWLGÉLELGKEGVOTLEET category, may not be considered for nomination as NOD on
any other Bank/FI.
JFTBFVLTVISEKVTETGZ GPQLKVHIBULMESL"
GEMI)LI0GºL2ELTD4BE! J2WLC;ETDLT.;FTBY4KWLGÉLELGKEGVOTLEET No person may be re-nominated as a NOD on the Board of
a Bank/FI on which he/she has served as Director in the past
JFTB GJ2KMT FVLTVISVHIB GELULMESLGUMVT GEMI)LI+TLIET under any category for two terms or six years, whichever is
SHSOLTEL;ELZLTBL/PLLTULT)LIWGÉLEHLTETGZ JXP;FTBGVOTLE longer.
ETJFTBMTPL BOIHLTB"
An NOD would not be considered for nomination as a Director
D4BE!GPºLIMB-'LLVETGVOTLEETJFTBFVLTVISET VWLT.IJKGPQLK on the Board of a Bank/FI if such Director has already been a
VHIB GEL UL YL GO TML GVOTLE JHZT HI / PLLT ET GZ > QLHT NOD/shareholder-Director on the Board of any other Bank/FI
GVGFSLDIQDIQFTB GEMIW6D4BE!GPºLIMB-'LLVET DLT.; FTB Y4K for six years, whether continuously or intermittently.
WGÉLELGKEGVOTLE!LTKÉLLKEGVOTLEH4B" The age of the Director should not be more than 67 years.
GVOTLEEIWLRPL;MTWGÉLEVHIBHLTVIQLGH "
Government guidelines for selection of part time NODs
WBLELGZE VWLT.I ET QV ET GZ MKELK ET GOLLGVO;TL shall be applicable for election of Shareholder Directors
LTKÉLLEGVOTLELTBETQRVLPHTSR)LIZLYXHLTBYT" also.
GPºLIMTPL B GP)LLY>GPºLFBLLZ>)LLKSMKELKJLMB<L J2MB Full details are as per Department of Financial Services,
!!DIWLTWLC;GOVLBE!!WL4K!!S'LL Ministry of Finance, Government of India letter no. F. No.
CMETJQLSHR MBLLTÉLV PBVLFLBEVEI)LKVTEISLKIvSEW6 16/83/2013 – BOI dated 03.09.2013 and guidelines for
OXMKT MBLLTÉLVET WVRMLKJLMB<L!!DIWLTWLC; GOVLBE selection of part time Non-Official Director vide letter no.
16/17/2010-BO.I dated 13.10.2011 as on 01.06.2011 and
!!^LKLWBLELGZEY4KWLGÉLELGKEGVOTLEETQVHTSR
subsequent amendments thereto as on date of filing of
GOLLGVO;T LLTB ETWVRMLKJXL;$L4K"T nominations.
È3LGLLTBELTLTKÉLLKELTBEIMXQI LIST OF SHAREHOLDERS TO CONTESTANTS
D4BEETLTKÉLLKELTBEIMXQI>GUMEI E7WL8J2GSG'L
A list of shareholders of the Bank as on 19/05/2017 (Cut-off
H4>??JBULDV4LVZD4BE>VC; GO:ZI!GO:ZIET J\LFTB>OTWGÉLMXGQS Date1) will be available for sale on and from 23/05/2017 on
D4BE ET FLBY .L¾7!)LRYSLV WLOTL ET UGK >! JT JQLM pre-payment of Rs.50,000/- (Rupees fifty thousand only) by
a demand draft/pay order of a Scheduled Bank in favour of
HULKETPZ
EL)LRYSLVEKVTJKGD¹IETGZ GOVLBEMT “Punjab National Bank” payable at New Delhi/Delhi along with a
EBJVIMGQP>LTKGP)LLY>GPºLÈ)LLYÈÉLLVELL;Z>MBMOFLY;>VC; request addressed to the Company Secretary, Punjab National
GO:ZIMT NJZ$ÉLHLTBYI"C1/REÈ3LLILTKÉLLKELTB ET KGU-7K Bank, Finance Division, Share Department, 5, Sansad Marg,
ELGVKI\LL)LIEKMESTH4BWL4KNMMTNKLGVELZMESTH4B" New Delhi 110001. The intending candidates may also inspect
the Register of shareholders and take extracts there from.
LTKÉLLKELTBETKGU-7KELGVKI\LL INSPECTION OF THE REGISTER OF SHAREHOLDERS
LTKÉLLKELTB ELKGU-7KLTKÉLLKELTB ^LKLGVKI\LLET GZ D4BEET ÈÉLLV The Register of shareholders will be open for inspection by the
ELL;Z FTB EBJVI MGQP> JBULD V4LVZ D4BE> LTK GP)LLY> GPºL shareholders, with the Company Secretary, Punjab National
Bank, Share Department, Finance Division, 5, Sansad
È)LLY>MBMOFLY;>VC; GO:ZIFTB GOVLBEMT
Marg, New Delhi 110001, on all working days commencing
SEM)LIEL;GOPMLTBFTBOLTJHKDUTMTMLBDUT from 23.05.2017 till 14.06.2017 between 3.00 p.m. and 5.00
SEvRZLKHTYLGUMMTÈ3LLILTKÉLLKEKGU-7KETGEMI)LLYETNKL p.m. on weekdays for the purpose of enabling the candidates
ZTMETLM&DG6ÉLS)LLYELTE&*X7KGÈB7ZTVTELD4BEMTWVRKLTÉLEK to take extracts of any part from the Register of Shareholders
or request the Bank for computer prints of the relevant portions,
METGUMETGZ N6HTB!JTÈGSHULKL$OLNMETWBLEIOK on prepayment of an amount to be calculated at the rate of Rs.
MTNMELJXP;)LRYSLVEKVLHLTYL" 5/- for every thousand words or part thereof.
GVPL;QVFTB)LLYIOLKI PARTICIPATION IN ELECTION
ELT E7WL8J2 GSG'L

V .I Z!MI.I M Z! M7I ^LKL Such of those shareholders whose names appear on the
Register of Shareholders/Beneficial owners as furnished by
S4LK ZL)LY[LGHLTB! LTKÉLLKELTB ET KGU-7K FTB GUV LTKÉLLKELTB ET VLF NSDL/CDSL/Share Transfer Agent (STA) as on 19/05/2017
H4B PT GVPL;QVFTB )LLYZTVT ET HEOLKH4B W'LL;S_ ET6ÇMKELKET WZLPL (Cut-off Date1) shall be entitled to nominate and contest the
LTKÉLLKELTB ET DIQFTB MT GVOTLELTB ET GVPL;QVFTB VLFLBEVEKVT>QRVLP election of Director from amongst Shareholders other than the
ETHEOLKH4B" Central Government.
8
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
VLFLBEV NOMINATIONS:
Validity of Nominations
VLFLBEVEIP4ÉLSL
In terms of Regulation 65 of the PNB Regulations and in terms
JI VDIGPGVFVETGPGVFWL4K)LLKSIGKUP;D4BEEIWGÉLMXQVL of Notifications of Reserve Bank of India – DBOD.No.BC.No.46
.IDIWLT.IVBDIMIVBS'LL!!GOVLBE and 47/29.39.001/2010-11 dated 01.11.2007 and DBOD No.
S'LL.IDIWLT.IVBDIMIVB!!GOVLBE BC No. 95/29.39.001/2010-11 dated 23.05.2011 and other
S'LLGPG)L6VWGÉLGVFLTBETW6ZLYXÈLPÉLLVLTBETWÉLIVGVOTLEETJ applicable provisions of various Acts, nomination of a candidate
FTBGVPL;QVHTSRN&FIOPLKELVLFLBEVP4ÉLHLTYLGEBSRNJDBÉLHH4GE for election as a director will be valid provided:
a. He/she is a shareholder holding as on 19/05/2017
E
GOVLBE E7WL8J2GSG'L
ELT JBULDV4LVZ (Cut-off Date1), a minimum of 100 (one hundred)
D4BE FTB EF MT EF LTK E ML4 LTK
ÉLLGKS ! shares in Punjab National Bank and continue to
LTKÉLLKEHLTS'LLGOVLBESEEFMTEF hold a minimum of 100 shares till 29/06/2017 and
LTKÉLLGKSEKSLKHT WL4KNMET DLO)LIWYKPHGVPL;GQS thereafter if he/she is elected.
HLTSLH4!HLTSIH4" b. As on 14/06/2017 being the last date for receipt
of nomination, he/she is not disqualified to be a
v
PHDIWLK %7> %7>LTUVL>JI VDIGPGVFVW'LPL)LLKSI director under the B R Act, the Act, the Scheme,
GKUP;D4BEEIWGÉLMXQVLETWÉLIVGVOTLEVLFLBEVEIÈLG*S the PNB Regulations or RBI Notifications.
EIWBGSFSLKI<L'LLELTGVOTLEHLTVTETWLT9 c. The nomination is in writing signed by at least
LLTGLSVGELYLHLT" 100 shareholders entitled to elect Directors
under the Act or by their duly constituted attorney,
Y
VLFLBEV GZGvS J MT HLT WL4K NM JK CM WGÉLGVF ET provided that a nomination by shareholder who is
WÉLIVGVOTLELTBELTGVPL;GQSEKVTETGZ HEOLKEFMTEF a Corporate Body may be made by a resolution of
the Directors of the said Corporate Body and where
LTKÉLLKELTBLNVET^LKLM&EJMTGVSW7LVI;ET it is so made, a copy of the resolution certified to
H-SL\LKHLTBJKBSRHGEGOLTKÉLLKEELTC;>GVYGFSGVEL be a true copy by the Chairman of the meeting at
HLTSLTNºL2GVYGFSGVELETGVOTLELTBETMBE:J^LKLVLFLBEV which it was passed shall be dispatched to the
GELULMESLH4 WL4KUHLB TMLGELULSLH4>PHLB GUM Company Secretary, Punjab National Bank,
D4#EFTB HJLGKSGELYLHLT NMET WÉ\L^LKLÈFLGLS Finance Division, Share Department, 5, Sansad
Marg, New Delhi 110001 and such copy shall
MBE:J EI E M3ÈGS D4BE ET E&JVI MGQP> JBULD be deemed to be a nomination on behalf of such
V4LVZD4BE>LTKGP)LLY>GPºLÈ)LLY>MBMOFLY;>VC; Company.
GO:ZIETVLFÈTGLSEIUL YIWL4KNºL2ÈGSELT d. The nominations by the shareholders (Minimum
TMIE&JVIEIWLTKMTGELYLVLFLBEVFLVLUL YL" 100) is accompanied by a declaration by the
candidate, as per the specimen forms of nomination
L
LTKÉLLKELTB 6XVSF
^LKLGEMI6LLÉLIL>GUZLÉLIL> and declaration furnished in this Notice, duly signed
WLPLMV KGU-7LK W'LPL NJ KGU-7LK L W6 KLUJGLS by the candidate before a Judge, Magistrate,
WGÉLELKI W'LPL )LLKSI GKUP; D4BE W'LPL GEMI W6 Registrar or Sub-Registrar of Assurances or other
KL7I²SD4BE ET GEMI WGÉLELKI ET MF\L N&FIOPLK ^LKL Gazetted Officer or Officer of Reserve Bank of
India or any nationalized Bank, that he accepts
H-SL\LGKSCMWLLEL LLTLLLJLVLFLBEVET ML'LMBZ9V the nomination and is willing to stand for election
GELYLH4GENMTVLFLBEV-PIELKH4WL4KPHGVPL;QVET and that he is not disqualified from being a director,
GZ v.LHLTVT ELC1/REH4 S'LLPHDIWLK %7LCM either under the B R Act or the Act or Scheme or
WGÉLGVFLCMLTUVLLJI VDIGPGVFLTB LWLKDIWLC; the PNB Regulations or RBI Notification or GOI
guidelines.
WGÉLMXQVLL)LLKSMKELKET GOLLGVO;TLET WÉLIVGVOTLE
HLTVTETWLT9VHIBH4" e. The Nomination Forms and the Declaration Form
are as prescribed by the PNB Regulations and as
.
CMVLTG7METML'LVLFLBEVJ2LF;WL4KGPGVFV^LKL'LLGVÉLL;GKS per the Proforma annexed to this notice. The entire
LLTLLL J2LF; WL4K ÈLTJ2LFL; MBZ9V H4" CV ÈJLLTB MGHS MBJXL; notice inter alia comprising these Proforma is also
available on the Bank’s Website: www.pnbindia.in.
VLTG7MD4BEEIPTDMLC7www.pnbindia.in GVPTLEMXQVL (Investor Info Page)
JA#
JK)LINJZ$ÉLH4"
Submission of nomination forms
VLFLBEVJ2LFLTELÈ-SRSGELULVL Shareholders desirous of contesting the election of Director
should submit following documents in the formats annexed
TM)LICMVLTG7METML'L)LTUTYTÈLJLTBFTB?FLTHKDBOGZJ2LJ2TFTBEBJVI to this notice, in a SEALED ENVELOPE to the Company
MGQP>LTKGP)LLY>GPºLÈ)LLY>ÈÉLLVELL;Z>>MBMOFLY;> Secretary, Punjab National Bank, Finance Division, Share
VC;GO:ZIELTM)LIOAG7LTBMTJXL;M&DG6ÉLSO-SLPTULTBETML'L Department, 5, Sansad Marg, New Delhi 110001 together
D4#EEISLKIvMTEFMTEFGOVJXP;GEMIEL;GOPMELTW'LL;S_ with the connected documents, complete in all respects, on a
9
GOVLBEUXV>ELTMLBDUTD4BEEL;MFMFL*SHLTVT working day at least 14 days before the date of the meeting,
MTJXP;JHRBQULVTQLGH " i.e., on or before closing hours of the Bank at 5.00 pm on 14th
June, 2017.
E GPGÉLPS_JMT)LKLHRWL LLTLLLJL a) Duly filled in Declaration Form;
v Q
RVLP Z.VT ET JLL EF MT EF LTKÉLLKELTB EI WLTK MT b) Nominations from minimum of 100 shareholders entitled
VLFLBEV to nominate in the elections;
c) Personal Information, Declaration and Undertaking
Y 0GºL2YSMXQVL> LLTLLLS'LLNMETML'L EPQVJLGUVETML'L together with the connected documents, testimonials,
M&DG6ÉLS O-SLPTU> ÈFLL JL> HLTBYT U4MT GE 0GºL2YS JGKQ> viz., Bio Data, Certificates of Educational qualification,
L4\LGLELT9SL PBWVR)LPWLGOETÈFLLJLC3LGO experience, etc.
SCRUTINY OF NOMINATIONS AND ELECTION OF
VLFLBEVLTBEIULBQWL4KGVOTLELTBELQRVLP DIRECTOR
E
VLFLBEVLTBEIULBQ>VLFLBEVLTBEIÈLG*SETGZ GVSGSG'LETDLO a. Nominations shall be scrutinized by the Nomination
JHZT EL;GOPMELT GP-SLGKSMKELKET GOLLGVO;TL Committee of the Board on 15.06.2017 i.e. the first
working day following the last date fixed for the receipt of
S'LLWLKDIWLC; WGÉLMXQVLET LSLT ET WVRMLK?GJ27 PB NGQS the nominations, to ascertain the ‘Fit and Proper’ status
-7T7METML'LEIULTYIWL4KGOELTC;VLFLBEVP4ÉLVHIBJLLYL in terms of the RBI Notifications and extant Government
SLTNMELELKLOU;EKSTHR NMTW-PIELKEKGOLULTYL" guidelines. In case any nomination is not found to be
valid, the same shall be rejected after recording the
v
GOGVPL;QV^LKL)LKIULVT PLZI EGKGºL2ET GZ ETPZ E reasons there for.
P4]VLFLBEVHLTSLT TMTVLFLGESBN&FIOPLKELTSRK6SGVPL;GQSHRWL b. If there is only one valid nomination for the one vacancy
MFLULTYL PBNMETVLFWL4KJSLGVPL;GQSN&FIOPLKETJFTB to be filled by the election, the candidate so nominated
ÈELGLSGELUL YL"GJ2K)LIGVPL;GQSN&FIOPLKJGKLLF LLTGLS shall be deemed to be elected forthwith and his/her name
HLTVTETJQLSHIEL;Y[HLEKMESTH4B" and address shall be published as so elected. However,
the deemed elected candidate shall assume office only
Y
HLT KHT QRVLPET MF>GO EMT WGÉLEP4ÉLVLFLBEVH4B SLT on the day after the declaration of result.
N&FIOPLKLTBETVLFMFLQLKJLLTBFTBÈELGLSGE ULTBYT"QRVLPFTB c. In the event of an election being held, if the valid nominations
DHRFSÈL*SEKVT PLZT È3LLIELT QRVLHRWLMFLULTYLWL4K are more than one, the names of the candidates shall be
NVET VLFD4#EFTB WÉ\L^LKL LLTGLSGE ULTBYT WL4KMFLQLK published in the news papers. The candidate polling the
majority of votes at the election will be deemed to have
JLLTBFTB)LIÈELGLSGE ULTBYT"PHJGKLLFEI LLTLLLETJQLS been elected and his/her name will be declared by the
ETGOVMTHIEL;)LLKMB)LLZTBYT" Chairman of the meeting after receipt of scrutinizer’s report
and will also be published in newspapers. He/She will
L
GOELTC; GPPLOHLTSLH4 SLT NMELGVJ7LVJI VDIGPGVFVET assume office on the day after the declaration of result.
GPGVFETWVRMLKGELULTYL" d. If there is any dispute the same shall be settled as per
VLFLBEVPLGJMZTVL Regulation 67 of the PNB Regulations.
GOELTC; J[3LLIWJVLVLFLBEVPLGJMZTVLQLHSLH4 SLT PH TMLELT Withdrawal of Candidature

GOVLBEELTMLBDUTSED4BEETDBOHLTVTMTJXP;EK If any candidate desires to withdraw his nomination, he would
MESLH4" be entitled to do so at any time prior to closing hours of the
Bank i.e. on or before 5.00 pm on 16/06/2017.
GVOTLELTBELGHS
D4BEETELKLTDLKEINJ;RºL2FOFTBGEMI)LIGVOTLELTBELELTC;GHSVHIB INTEREST OF DIRECTORS
H4" None of the Directors of Bank is interested in the aforementioned
item of business.
G7*JGLL
NOTES:
ÈL8%MIEIGVRGºL2
1. APPOINTMENT OF PROXY
D4#E FTB NJG-'LS HLTVT WL4K FS OTVT ET JLL LTKÉLLKE WJVT -'LLV JK
A shareholder entitled to attend and vote at the meeting,
NJG-'LSHLTVT WL4KFSOTVT HTSR ÈL8%MIGVRºL2EKVTEL)LIJLLHLTYL!HLTYIS'LL is entitled to appoint a proxy to attend and vote instead of
TMIÈL8%MIELD4E B ELLTKÉLLKEHLTVLWLPEVHIBH4ZTGEV TMIÈL8%MI himself/herself and such a proxy need not be a shareholder
ELTD4#EFTB DLTZVTELWGÉLELKVHIBHLTYL" TMLELTC; )LI0GºL2ULTD4E B EL of the Bank. The proxy so appointed shall not have any right
EF;QLKILWGÉLELKIH4>ÈL8%MIET JFTB GVRºL2VHIB GELULMESL" to speak at the meeting. No person shall be appointed as
D4#EFTB ÈL8%MIJLETYLKB7IESL;ELTPLT7OTVT ELWGÉLELKVHIBHLTYL"ÈL8%MI a Proxy who is an officer or an employee of the Bank. The
grantor of an instrument of proxy shall not be entitled to vote
ETJFTB GVRºL2EIULVTPLZIGZvSELTÈ)LLPIEKVTETGZ >NMTLTK in person at the meeting. The proxy in order to be effective,
10
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
GP)LLY>ÈÉLLVELL;Z>MBMOFLY;>VC;GO:ZIFT>B D4#EEI must be received by the Bank at the Finance Division, Share
SLKIvETEFMTEFGOVJXP; W'LL;S_ LGVPLKUXV>ELTELKLTDLKI Department, Head Office, 5, Sansad Marg, New Delhi-110001
not less than four days before the date of the meeting i.e. on
MFEIMFLG*SW'LL;S_ WJKLªDUT SEUFLEKOIUL "ÈL8%MI
or before the closing hours i.e. 5.00 p.m. on Saturday, the 24th
J2LF;ELÈLJPLGL;EGKJLT7; ETML'LMBZ9VH4" June, 2017.
ÈLGÉL²SÈGSGVGÉLEIGVRGºL2 2. APPOINTMENT OF AN AUTHORISED
REPRESENTATIVE
ELTC;)LI TML0GºL2>GEMIGVYGFSGVELETGPGÉLPS_ÈLGÉL²SÈGSGVGÉL
ETJFTB>SDSED4BEEID4#EFTBNJG-'LSHLTVTLFSOTVTELJLL No person shall be entitled to attend or vote at any meeting as
duly authorized representative of a body corporate, unless a
VHIBHLTYL>UDSENMD4#E>GUMFTBHMBE:JJLGKSGELYLH4> copy of the resolution appointing him/her as a duly authorized
ETWÉ\L^LKLGPGÉLPS_JMTÈLGÉL²SÈGSGVGÉLETJFTBNMTGVRºL2 representative, certified to be a true copy by the Chairman of the
EKVTPLZTMBE:JEIM3ÈGSÈÉLLVELL;Z>>MBMOFLY;>VC;GO:ZI meeting at which it was passed, shall have been deposited at the
FTB G-'LSJBULDV4LVZD4BEET LTKGP)LLY>GP3SÈ)LLYFTB> Finance Division, Share Department, 5, Sansad Marg, New Delhi
110001, not less than four days before the date of the meeting
D4#EEISLKIvETEFMTEFGOVJXP;W'LL;S_LGVPLK>UXV> i.e. on or before the closing hours i.e. 5.00 p.m. on Saturday, the
ELTELKLTDLKIMFEIMFLG*SW'LL;S_WJKLªDUTSEUFLEKOI 24th June, 2017. No person shall be appointed as an authorized
UL " TMLELTC;)LI0GºL2ULTD4BEELEF;QLKILWGÉLELKIH4>ÈGSGVGÉL representative, who is an officer or an employee of the Bank.
ETJFTBGVRºL2VHIBGELULMESL" 3. ATTENDANCE SLIP CUM ENTRY PASS
NJG-'LGSJQI;MHÈPTLJLM For the convenience of the shareholders, Attendance Slip-
cum-Entry Pass is annexed to this Notice. Shareholders/Proxy
LTKÉLLKELTBEIMRGPÉLLETGZ NJG-'LGSJQI;MHÈPTLJLMCMPLGL;E holders/Authorized Representatives are requested to affix their
GKJLT7;ETML'LMBZ9VH4"LTKÉLLKELTB!ÈL8%MIÉLLKELTB!ÈLGÉL²SÈGSGVGÉLLTB signatures at the space provided on the enclosed Attendance
MTWVRKLTÉLH4GEPTNJG-'LGSJQI;MHÈPTLJLMFTBNGQS-'LLVJKWJVT Slip-cum-Entry Pass and surrender the same at the AGM
H-ºLL\LKEKTBPPLGL;EWLFD4#E-'LZJKCMTMRJRO;EKTB" venue.
LTKÉLLKELTBELKGU-7KD6OHLTVL 4. CLOSURE OF REGISTER OF SHAREHOLDERS
B ETLTKÉLLKELTB ELKGU-7KS'LLLTKWBSKLJR-SETB LR¹PLK

The
D4E Register of Shareholders and Share Transfer Books of
the Bank will remain closed from Friday, the 23rd June 2017 to
MT DAH-JGSPLK
SE OLTVLTB GOVLLGFZ
DBOKHTYB I" Thursday, the 29th June 2017 (both days inclusive).
ZL)LLBLELÈL*SVHLTVL 5. NON RECEIPT OF DIVIDEND
LTKÉLLKE²JLVLT7EKTBGEMLBGPGÉLEÈLPÉLLVLTBETWVRMLK>GO Shareholders are also hereby informed that if any dividend
ZL)LLBLKLGLOTGSG'LMT PLLT SEGDVL)LRYSLVOLPLET KHSI amount remains unpaid/ unclaimed for 7 years from its
H4> SD )LRYSLV V EI YC; EG'LS KLGL )LLKS MKELK ^LKL YG#S due date, the said unpaid/unclaimed amount has to be
GVPTLE GL\LL PB MBK\LL J2B. WLC;C;JI J2
FTB WBSGKS EKVI transferred to Investor Education & Protection Fund
(IEPF) set up by Central Government. As such, the unpaid/
HLTSIH4"WSGPºLPL; WBGSF
>ET GZ ZL)LLBLvLST
unclaimed amount in Dividend Account for FY 2009-
FTB WÈO3S!WOLPL²SKLGLWLC;C;JI J2ELT WBSGKSEKOIULTYI" 10 (Final) is due for transfer to IEPF. The shareholders
WSPTLTKÉLLKEGU6HTBNºL2ZL)LLBLÈL*SVHIBHRWLH4>NVMTWVRKLTÉL who have not received/claimed the said dividend(s) are,
H4GEPTCMETGZ WJVLOLPLSEÈ-SRSEKTB"NVMT therefore, requested to claim the same not later than
WVRKLTÉLÈL*SHLTVTJKD4BEN6HTBOTKLGLEL)LRYSLVEKOTYL"²JL 27.07.2017 by giving their latest address, Mobile/Telephone
VLT7EKTBGEWÈO3SKLGLETWLC;C;JI J2vLSTFTBWBSKLETJQLS_ No. Folio No./ DP-ID & Client ID and Bank details viz. Bank
name, branch address, Bank account no. and IFS code etc.
D4BEETLWLC;C;JI J2ETGPELTC;0GºL2YSOLPLVHIBGELUL
for claiming the amount. Please note that once the unpaid
METYL" WBGSF
MTWLYTWÈO3S!WOLPL²SZL)LLBLLTBEI amount is transferred to IEPF, no individual claim shall
PL;PLKMXQID4BEETPTDMLC7www.pnbindia.inET GVPTLELTBEI lie against the Bank. Year-wise list of unpaid/unclaimed
MXQVL
ETWBSY;SWJZLT.H4" dividend from 2009-10 (Final) onwards is uploaded on
Bank’s website www.pnbindia.in under ‘Investors’ Info’.
LTKÉLLKELTBMTWVRKLTÉL
6. REQUEST TO SHAREHOLDERS
E
LTKÉLLKELTB ELT MXGQSGELULSLH4 GEPLGL;EGKJLT7; EIÈGSLB
PLGL;E WLF D4#E ET -'LZ JK GPSGKS VHIB EI UL BYI" WS a) Please note that copies of the Annual Report will not be
distributed at the venue of the meeting. Shareholders/
LTKÉLLKELT!B ÈL8%MIÉLLKELT!B ÈLGÉL²S ÈGSGVGÉLLTB MT WVRKLTÉL H4 GE PT Proxyholders/Authorized Representatives are,
SÎ_PLKL)LTUIULKHIPLGL;EGKJLT7; EIWJVIÈGSWJVTML'LZL B" therefore, requested to bring their copies of the Annual
PLGL;EGKJLT7>; JGKGL7MGHSD4E B EIPTDMLC7www.pnbindia.in Report to the meeting. The Annual Report along with
JK)LINJZ$ÉLEIULKHIH4" formats is being posted on the Bank’s Website at www.
pnbindia.in.
11
v
EI PLGL;E GKJLT7; ET GZ NV M)LI LTKÉLLKELTB ELT> b) Electronic copy of the Annual Report for 2016-17 is
GUVFTB C;FTZ>WLC;.I> M7I FTB JBUI²SH4B>CZ4%7LGVEÈGS)LTUI being sent to all the shareholders whose email IDs are
registered with the STA / Depository Participant(s) for
UL YI" G.JLGU7KI MH)LLYI UD SE GE GEMI LTKÉLLKE ^LKL communication purposes unless any shareholder has
NVEIHL.; ÈGSVFLBYIHLT"GUVLTKÉLLKELTB EIC;FTZJBUI²S requested for a hard copy of the same. For shareholders
VHIB H4 N6HTB PLGL;EGKJLT7; EIÈGS E)LL4GSEJFTB who have not registered their email address, physical
copies of the abridged Annual Report for 2016-17 are
)LTUIUL YI" being sent in the permitted mode, separately.
Y
PIB PLGL;E WLF D4#E FTB VLTG7M EI CZ4%7LGVE ÈGS GUMFTB c) Electronic copy of the Notice of the 16th Annual General
Meeting (AGM) of the Bank, inter alia, indicating the
C;PLTG7BY EI ÈLLZI WL4K 0PHLK WVRDBÉL> NJG-'LGS JQI; WL4K process and manner of e-voting along with Nomination
ÈL8%MIJ2LF;JLLQLKWLGONÎTETGZ GUVEIUDSEGEELTC; forms, Declaration, Annexure, Attendance Slip and
LTKÉLLKE )LL4GSE J MT FLBY V EKTB" M)LI LTKÉLLKELTB GUVEI Proxy Form etc. is being sent to all the shareholders
whose email IDs are registered with the STA/Depository
C;FTZ WLC;.I M7I !G.JLGU7KI MH)LLYI ET ML'L JBUI²S H4 Participants(s) for communication purposes unless any
LTKÉLLKEELTC;FTZJBUI²SVHIBH4N6HTBPIBPLGL;EWLFD4#E shareholder has requested for a hard copy of the same.
EIMXQVL)LL4GSEJFTB)LTUIUL YIGUMFTBC;PLTG7BYEIÈLLZI For shareholders who have not registered their email
WL4K0PHLKWVRDBÉL>NJG-'LGSJQI;WL4KÈL8%MIJ2LF;JLLQLK> LLTLLL> address, physical copies of the Notice of the 16th Annual
General Meeting of the Bank inter alia indicating the
WVRD6ÉL>OLL;LYLH4" process and manner of e-voting along with Nomination
form, Declaration, Annexure, Attendance Slip and Proxy
L
LTKÉLLKEH)LIVLT7EKTBGEPIB UI F!PLGL;EGKJLT7; Form etc. is being sent in the permitted mode.
ETVLTG7MD4BEEIPTDMLC7www.pnbindia.inJK)LI.LNVZLT. d) Shareholders may also note that the Notice of the
EKVT ET GZ NJZ$ÉLH4"EL; GOPMLTB JKMLFL6ELKLTDLKMF 16th AGM and the Annual Report for 2016-17 will also
ETOL4KLVGVKI\LLETGZ NJ;RºL2O-SLPTULTBEI)LL4GSEÈGSLTK be available on the Bank’s website www.pnbindia.in
for download. The physical copies of the aforesaid
GP)LLY>GPºLÈ)LLY>>MBMOFLY;>VIGO:ZID4BEET documents will also be available at the Bank’s Head
ÈÉLLVELL;ZFTB)LINJZ$ÉLHLTYI"CMETJQLS_C;E&RGVETLV> Office at Finance Division, Share Department, 5 Sansad
LTKÉLLKELTB ET GZ JBUIEKL )LL4GSE J FTB TMI MXQVL ÈL*S Marg, New Delhi-110001 for inspection during normal
business hours on working days. Even after registering
EKVT ET GZ »IWLJ2EL-7.LE^LKLGPLTLWVRKLTÉLEKVT JK for e-communication, shareholders are entitled to receive
ÈL*SEKVTETWGÉLELKIHLTBYTB"LTKÉLLKEWJVTWVRKLTÉLELTD4BEEI such communication in physical form, upon making a
C;FTZWLC;.I[email protected]JK)LI)LTUMESTH4B" specific request, by post, free of cost. The shareholders
may also send their requests to the Bank’s email-id:
.
LTKÉLLKE²JLVLT7EKTB GED4#E-'LZJKELTC; NJHLK!EXJV [email protected]
GPSGKSVHIBGELUL YL" e) Shareholders may kindly note that no gift/gift coupon will
be distributed at the meeting.
Q
E.T MRK\LL ELKLLTB MT WL8.I7LTGKF ET WBOK> D[IJ2ETM> vLVT EL f) Due to security reasons brief cases, eatables & other
MLFLV PBW6P-SR BZTULVTEIWVRFGSVHIBH4"D4#EFTB)LLY belongings are not allowed inside the auditorium.
ZTVT PLZT 0GºL2LTB ELT MZLHOIULSIH4 GEPT WJVT MLFLVEI Persons attending the meeting are therefore advised to
make their own arrangements for safe keeping of their
MRK\LLETGZ -PB0P-'LLEKTB" articles.
C;PLTG7BYETFLÉFMTPLT7ELWGÉLELK 7. EXERCISE OF VOTING RIGHTS THROUGH E-VOTING
In terms of provisions of Section 3(2E) of the Banking
D4BGEBYE&JVI NJ¹FLTBELWU;V PBWBSKL
WGÉLGVF>EIÉLLKL Companies (Acquisition and Transfer of Undertakings)
C;
ET ÈLPÉLLVLTB ET WVRMKLFTB D4BEELELTC; )LILTKÉLLKE>ET6Ç Act, 1970 (as amended) no shareholder of the Bank
MKELKETWGSGKºL2>NMET^LKLÉLLGKSLTKLTBETMBDBÉLFTBD4BEETMF-S other than Central Government shall be entitled to
exercise voting rights in respect of the shares held by
LTKÉLLKELTBETERZPLT7ETWGÉLELKETMTWGÉLEPLTG7BYETWGÉLELK him in excess of 10% of the total voting rights of all the
ELHEOLKVHIBHLTYL"GOELTC;LTKOLTLWGÉLE0GºL2LTBETVLFJKH4 shareholders of the Bank. If any share stands in the
SLTGUM0GºL2ELVLFKGU-7KFTBJHZTOU;HLTYL>NMTPLT7OTVTETMBDBÉL name of two or more persons, the person first named in
the register shall, as regards voting, be deemed to be the
FTB EZÉLLKEFLVLUL YL" sole holder thereof.
GVF>ETGVFETML'L'LLMBLLTGÉLS In terms of Rule 20 of the Companies (Management
and Administration) Rules, 2014, as amended by
MBLLTÉLVGVF>LTKÉLLKED4#EFTB the Companies (Management and Administration)
NJG-'LSHLTVTS'LLPLT7OTVTELJLLH4>WL4KPTWJVLPLT7CZ4%7LGVEMLÉLV Amendment Rules, 2015, shareholders entitled to attend
^LKLFSOLVWGÉLELKELÈLTYEKMESTH4B" and vote at the meeting, can exercise their voting rights
through electronic means.
12
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
FSOLVÈG¹L VOTING PROCESS

VOTING THROUGH ELECTRONIC MEANS
CZ4%7LGVEFLÉFLTB^LKLFSOLV
I. Pursuant to Regulation 44 of the SEBI (Listing Obligations
I. M
TDI MXQIEKLWJT\LLTB PBÈE7IEKLWLPESLTB
GPGVFV and Disclosure Requirements) Regulations, 2015, Listing
ETGPGVF>-7LE %-QTULTBETML'LMXQIEKLEKLKET Agreement with Stock Exchanges and provisions under Rule
WVRMKLFTB WL4KEBJVI ÈDBÉLVWL4KÈLLMV
GVFLPZI> 20 of the Companies (Management and Administration)
Rules, 2014, as amended by the Companies (Management
ETGVFETML'LJG#SWL4K'LLMBLLTGÉLSEBJVI ÈDBÉLVWL4K and Administration) Amendment Rules, 2015, the Bank is
ÈLLMV
MBLLTÉLVGVFET ÈLPÉLLVLTB EIWVRJLZVLFTB D4BE pleased to provide its shareholders facility to exercise their
^LKL LTKÉLLKELTB ELT M4B7Z G.JLGU7KI MGP;MTU )LLKS
GZGF7T. right to vote on resolutions proposed to be considered in
MI.I M Z
^LKL WJVI CZ4%7LTGVE MLÉLVLTB JK NJZ$ÉL EKLT the Meeting by electronic means through e-voting platform
provided by Central Depository Services (India) Limited
YTC;PLTG7BYETFLÉFMTC;UI FFTBC;PLTG7BYEIMRGPÉLLOTKHL (CDSL) and voting at the general meeting. The Cut-off
H4" LTKÉLLKELTB EI C;PLTG7BY ET GZ JLLSL GVÉLL;GKS EKVT EI Date2 for determining the eligibility of shareholders to
E7WLJ2GSG'LH4" exercise remote e-voting and voting at general meeting
is 22.06.2017.
II. F SJLETFLÉFMTPLTG7BYEIMRGPÉLL)LID4#EFTBNJZ$ÉLHLTYI
WL4KD4#EFTB )LLYZTVT PLZT MO-LTB GU6HLTVT GKFLT7C;PLTG7BY^LKL II. That the facility for voting shall also be made available at
the meeting & members attending the meeting who have
JHZTWJVLPLT7VHIBGELH4>FSJLETFLÉFMTWJVTWGÉLELK not already cast their vote by remote e-voting shall be
ELÈLTYEKVTFTBM\LFHLTBYT" able to exercise their right at the meeting.
iii. P HMO-GUMVTD4#EMTJHZTHIGKFLT7C;PLTG7BY^LKLWJVLPLT7 III. That the members who have cast their vote by remote
EKGOLH4D4#EFTB)LLYZTMESLH4JKBSRPHORDLKLWJVLPLT7 e-voting prior to the meeting may also attend the meeting
EKVTETGZ JLLVHIBH4" but shall not be entitled to cast their vote again.
iv. C;PLTG7BYETGZ WVROTLGV&VPS_H4 IV. The instructions for remote e-voting are as under
i. The remote e-voting period begins on 26/06/2017
i. C; PLTG7BYEIWPGÉL ÈLSDUT
LRHLTYIWL4K (9:00 am) and ends on 28/06/2017 (5:00 pm).
MLBDUT
SEMFL*SHLTUL YI"CMWPGÉL During this period, shareholders of the Bank,
FTB EIE7WLJ2GSG'LETWVRMLKD4E B ETLTKÉLLKE holding shares either in physical form or in
QLHT PH)LL4GSEJFTB LTKÉLLGKSEKST HLT LG.FT7GT KLZLC5. dematerialized form, as on the cut-off date2 of
22.06.2017, may cast their vote electronically. The
JFTB WJVLPLT7CZT%7LGVEJFTB .LZMESTH4"B C;PLTG7BYET remote e-voting module shall be disabled by CDSL
DLOMI.I M Z^LKLC;PLTG7BYFL8._ ZX H7LGOLUL YL" for voting thereafter.
(ii)LTKÉLLKE> C;PLTG7BY ET GZ P4DMLC;7 www.evotingindia. ii. The shareholders should log on to the e-voting
comJKZL8GYVEKTB" website www.evotingindia.com
(iii)“Shareholders” 74DJKG%ZEEKTB" iii. Click on “Shareholders” tab.
(iv)WDWJVIXUKWLC;.IÈGP7EKTB iv. Now Enter your User ID
a. For CDSL: 16 digits beneficiary ID,

E
MI.I M ZETGZ WBELTBEIZL)LL'LI;WLC;.I
b. For NSDL: 8 Character DP ID followed by 8
v
V M.I ZETGZ G.GU7EIY[LHEWLC;.I^LKL
Digits Client ID,
WVRJLGZSWBELTBEI.IJIWLC;.I
c. Members holding shares in Physical Form
Y
)LL4GSEJFTBLTKÉLLGKSLEKVTPLZTMO-LTBELTD4BEET should enter Folio Number registered with
ML'LJBUI²SJ2LTGZLTMBÈGP7EIULVIQLGH " the Bank.
v. CMET JQLSÈOGL;SCFTUM3LJVOU; EKTB WL4KZL8GYVJK v. Next enter the Image Verification as displayed and
G%ZEEKTB" Click on Login.
vi. GO WLJ .IF47 J FTB LTK ÉLLGKS EKST H4B WL4K www. vi. If you are holding shares in demat form and had
evotingindia.com JK ZL8GYV GEL H4 WL4K GEMI EBJVI logged on to www.evotingindia.com and voted on
ETGZ JXP;FTBPLTG7BYGELH4>SDFL4UXOLJLMP.;NJLTYFTB an earlier voting of any company, then your existing
ZL B" password is to be used.
13
vii.GO WLJ J2-7; 7LCF XUK H4B SLT VIQT GO Y QKLLTB EI vii. If you are a first time user follow the steps given
WVRJLZVLEKTB below:
.IF47 J WL4K )LL4GSE J FTB LTKÉLLKL EKVT PLZT For Members holding shares in Demat Form
and Physical Form
MO-LTBETGZ
PAN Enter your 10 digit alpha-numeric *PAN issued by
J4V WLEK GP)LLY ^LKL ULKI GEL YL WJVL WBELTB EL Income Tax Department (Applicable for both demat
:J2L 6XFTGKE *J4V OU; EKTB .IF47 LTKÉLLKE OLTVLTB ET shareholders as well as physical shareholders)
GZ ZLYX
● Members who have not updated their PAN
with the Bank/Depository Participant are
● MO-GU6HLTBVTE&JVI!G.JLGU7KIMH)LLYIETML'L requested to use the first two letters of
WJVLJ4VVW]SVVHIBGELH4MTWVRKLTÉLH4GE their name and the 8 digits of the sequence
J4VJ2I:.FTBWJVTVLFETJHZTOLTW\LKLTBWL4K¹F number in the PAN field.
METWBELTBELNJLTYEKTB" ● In case the sequence number is less than
●
GO¹FMB<LWBELTBMTEFH4SLTE4GJ7ZZ47KM 8 digits enter the applicable number of
0’s before the number after the first two
FTBVLFETJHZTW\LKLTBETDLOZLYXMB<LUIKLTOU; characters of the name in CAPITAL letters.
EKTB U4MT GO¹FMET ML'LWLJELVLFKFTL Eg. If your name is Ramesh Kumar with
ERFLKH4SLTJ4BVJ2I:.FTBWLK OU;EKTB" sequence number 1 then enter RA00000001
U6FGSG'L WJVT.IF47vLSTLEG'LSvLSTLJ2LTGZLTETGZ EBJVI in the PAN field.
GKEL.;FTBOU;U6FGSG'LGOV!FLH!PL;ÈLJFTBOU;EKTB" DOB Enter the Date of Birth as recorded in your demat
account or in the Bank records for the said demat
ZL)LLBLD4BELSLTZL)LLBLD4BE$L4KLLU6FGSG'L GOV!FLH!PL;
WJVT account or folio in dd/mm/yyyy format.
$L4KL L.IF47vLSTLEG'LSvLSTLJ2LTGZLTETGZ EBJVIGKEL.; Dividend Enter the Dividend Bank Details or Date of Birth
U6FGSG'L FTBOU;ZL)LLBLD4BE$L4KLOU;EKTB" Bank (in dd/mm/yyyy format) as recorded in your demat
Details account or in the Bank records in order to login.
● GO H OLTVLTB $L4KL EBJVI L G.JL8GU7KI ET ML'L OR Date
● If both the details are not recorded with the
OU; VHIB H4>²JLG.GP.TB.D4BEG.7T:MJ2I:.FTB of Birth
depository or Bank, please enter the member
(DOB)
MO-WLC;.I!J2LTGZLT MB<LOU; EKTB U4MLGEFO id / folio number in the Dividend Bank details
M iv
FTBPGL;SH4" field as mentioned in instruction (iv).
viii. CV$L4KLTBELTNGQSÈELKMTOU;EKVTETDLO>“SUBMIT” 74D viii. After entering these details appropriately, click on
“SUBMIT” tab.
JKG%ZEEKTB"
ix. Members holding shares in physical form will then
ix. )LL4GSEJFTBLTKÉLLKLEKVTPLZTMO-MIÉLTEBJVIMZT%LV reach directly the Company selection screen.
-¹IVJKUL BYTBS'LLGJ.IF47JFTBLTKÉLLKLEKVTPLZTMO- However, members holding shares in demat form
JLMP.;G¹ LVGPE:JFTBUL BYTBGUMFTBNVMTV JLMP.;J2I:. will now reach ‘Password Creation’ menu wherein
FTB WJVLZL8GYVJLMP.; WGVPL; JMT OU; EKVLWJTG\LSH4" they are required to mandatorily enter their login
password in the new password field. Kindly
²JLVLT7EKTBGECMJLMP.;ELNJLTYGEMIW6EBJVIET
note that this password is to be also used by the
MBE:JLTBETGZ PLTG7BYHTSR.IF47ÉLLKELTB^LKLGELULVLH4>GUM demat holders for voting for resolutions of any
JKPT PLTG7BYET GZ JLLH4 DLS;T EBJVIMI.I M Z*ZT7J2LF; other company on which they are eligible to vote,
ETFLÉFMTC;PLTG7BYQRVTB"HOASLJXP;EMRLPGOLULSLH4 provided that company opts for e-voting through
GEGEMI)LIW60GºL2ETML'LWJVLJLMP.;MLLVEKTBWL4K CDSL platform. It is strongly recommended not to
WJVTJLMP.;ELTYLTJVIKvVTFTBMLPÉLLVIDKSTB" share your password with any other person and take
utmost care to keep your password confidential.
x. )LL4GSEJFT LTKÉLLKLEKVT PLZT MO-LTB ET GZ >$L4KT EL x. For Members holding shares in physical form,
NJLTYCMVLTG7MFTBGO Y MBE:JJKC;PLTG7BYETGZ GEL the details can be used only for e-voting on the
ULMESLH4" resolutions contained in this Notice.
xi. JBULDV4LVZD4BEETGZ EVSNJKG%ZEEKTBGUMJKPLT7 xi. Click on the EVSN for Punjab National Bank on
EKVTETGZ QRVSTH4B" which you choose to vote.
xii. On the voting page, you will see “RESOLUTION
xii. PLTG7BY JTU JK> WLJELT “RESOLUTION DESCRIPTION” DESCRIPTION” and against the same the option
GOvTYL WL4K CMET GPJKIS PLTG7BY ET GZ “YES/NO” GPE:J “YES/NO” for voting. Select the option YES or NO
GOvTYL" TG1/EGPE:J“YES/NO“QRV"BT WLJMBE:JETMF'L;V as desired. The option YES implies that you assent
FTB H4 WL4KGPE:J NO ELSL3J; H4 GEWLJMBE:JET GP to the Resolution and option NO implies that you
H4" dissent to the Resolution.
14
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
xiii.GOWLJMBJXL;MBE:J$L4KLOTvVLQLHSTH4BSLT“RESOLUTIONS xiii. Click on the “RESOLUTIONS FILE LINK” if you

FILE LINK” JKG%ZEEKTB" wish to view the entire Resolution details.
xiv. After selecting the resolution you have decided
xiv.MBE:JQVETJQLS_WLJVTNMJKPLT7EKVTELGVL;GZL> to vote on, click on “SUBMIT”. A confirmation box
“SUBMIT” JKG%ZEEKTB"JRG7DL%MÈOGL;SHLTYL"GOWLJ will be displayed. If you wish to confirm your vote,
WJVLPLT7MRGVGQSEKVLQLHSTH4B>OKJKG%ZEEKTBZTGEV click on “OK”, else to change your vote, click on
PLT7DOZVTETGZ “CANCEL”G%ZEEKTBWL4KSOVRMLKWJVL “CANCEL” and accordingly modify your vote.
PLT7DOZTB" xv. Once you “CONFIRM” your vote on the resolution,
you will not be allowed to modify your vote.
xv. E DLK WLJVT MBE:J JK WJVL “CONFIRM” EK GOL SLT
xvi. You can also take a print of the votes cast by clicking
WLJELTWJVLPLT7DOZVTEIWVRFGSVHIBHLTYI" on “Click here to print” option on the Voting page.
xvi.WLJPLTG7BYJTUJK“Click here to print”JKG%ZEEKET-PB xvii. If a Demat account holder has forgotten the changed
^LKLEIYIPLTG7BYELGÈB7WLN7)LIZTMESTH4B" password then enter the User ID and the image
verification code and click on Forgot Password &
xvii.GO .IF47 vLSLÉLLKE JGKPGS;S JLMP.; )LXZ YL HLT SD XUK
enter the details as prompted by the system.
WLC;.IWL4KCFTUM3LJVELT.OU;EKTBWL4KForgot Password
xviii. Shareholders can also cast their vote using CDSL’s
JKG%ZEEKTBWL4KGM-7F^LKLS4LKGELYL$L4KLOU;EKTB" mobile app m-Voting available for android based
xviiiMI.I M ZELÈLTYEKET LTKÉLLKE B.L T .WLÉLLGKSFLTDLC;Z mobiles. The m-Voting app can be downloaded
JK FPLTG7BYMT )LIWJVLPLT7OT MEST H4"B FPLTG7BY JELT from Google Play Store. Apple and Windows
phone users can download the app from the App
YXYZ*ZT-7LTKMT.LNVZLT.EKMESTH4"B *JZWL4KGPB.LTUJ2LTV
Store and the Windows Phone Store respectively.
ETNJLTYESL;¹FL J-7LTKPGPB.LTJ2LTV-7LTKMT J.LNVZLT. Please follow the instructions as prompted by the
EKMESTH4"B ²JLWJVTFLTDLC;ZMTPLT7EKSTMFFLTDLC;Z J mobile app while voting on your mobile.
JKÈOGL;SGVO;T LLTB EIWVRJLZVLEKT"B xix. Note for Non-Individual Shareholders &
xix.Y4KP4GºL2ELTKÉLLKELTB PBE-7LTG.6METGZ VLT7 Custodians:
● Non-Individual shareholders (i.e. other than
● Y4KP4GºL2E LTKÉLLKE W'LL;S_ 0GºL2LTB> QX J2> Individuals, HUF, NRI etc.) and Custodian are
VWLKWLC; WLGOMT G)L6V
WL4KE-7LTG.VMT WJTG\LSH4 required to log on to https://www.evotingindia.com
GE https://www.evotingindia.com JKZL8GYVEKTB WL4K and register themselves as Corporates.
-PBELTELKJLTKT7_METJFTBJBUI²SEKTB" ● A scanned copy of the Registration Form bearing
● NJ¹FEL-7L&JWL4KH-SL\LKMGHSJBUIEKLJ2LF; EI the stamp and sign of the entity should be emailed
-E4VELJI[email protected]ELTFTZ to [email protected].
EKVLQLGH " ● After receiving the login details a Compliance
● ZL8GYV$L4KLÈL*SHLTVTETDLOE&*ZL BMXUK^LKLNJLTY User should be created using the admin log-in &
EI ULVT PLZI .GFV ZLGYV WL4K JLMP.; MAGUS EKVL password. The Compliance User would be able to
QLGH !E&*ZL BMXUKvLSL SLTB
GUMETGZ PTPLT7EKVT link the account(s) for which they wish to vote on.
ETC1/REH4BELTGZBEEKVTFTBM\LFHLTYL" ● The list of accounts linked in the login should be
mailed to [email protected] and
● vLSLTB EIMXQI [email protected]ELT on approval of the accounts they would be able to
FTZEIULVIQLGH WL4KvLSLTB ET WVRFLTOVJKPT WJVL cast their vote.
PLT7OTVTETGZ M\LFHLTBYTB" ● A scanned copy of the Board Resolution and
● N6HTB DLT.; MBE:JWL4KJLPKWLJ2 7LVI; JIWLT
EI-E4V Power of Attorney (POA) which they have issued in
ÈGSWJZLT.EKVIQLGH GUMTN6HLTVB T E-7LTG.VETJ\LFTB favour of the Custodian, if any, should be uploaded
ULKIGELH4>GOELTC; H4>CMTM3LGJSEKVTETGZ MBPI\LE in PDF format in the system for the scrutinizer to
HTSR GM-7FFTB JI.I J2ÈLJFTB WJZLT.GELULVLQLGH " verify the same.
C;PLTG7BY MT MBDBGÉLS GEMI JX/SL/ L FLFZT ET GZ > WLJ W%MK In case you have any queries or issues regSArding e-voting,
JX/T ULVT PLZT ÈV (“FAQs”)WL4K help sectionET WBSY;S www. you may refer the Frequently Asked Questions (“FAQs”) and
e-voting manual available at www.evotingindia.com under help
evotingindia.com JK NJZ$ÉL C;PLTG7BY F4VRWZ OTv MEST H4B L
section or write an email to [email protected] .
[email protected]JKFTZGZvMESTH4B" The contact details of official for e-voting are as follows:
VLF +IKLETL.L:PI Name - Mr. Rakesh Dalvi
JOVLF NJÈD6ÉLE Designation - Deputy Manager
JSL MTB7ZG.JLGU7KIMGP;GMU CBG.L
GZ Address - Central Depository Services (India) Ltd.
C;FTZ [email protected] e-mail ID - [email protected]
OXK)LLL 18002005533 Phone no. - 18002005533
15
V. GO WLJ MI.I M Z ET ML'L C;PLTG7BY ET GZ JHZT HI V. If you are already registered with CDSL for e-voting
JBUI²SH4BSDWLJFSOLVETGZ WJVTFL4UXOLXUKWLC;.I earlier then you can use your existing user ID and
WL4KJLMP.;!GJVELNJLTYEKMESTH4B" password/PIN for casting your vote.
VI.WLJJ2LTGZLTETXUKÈLTJ2LCZFTBWJVLFLTDLCZVBWL4KC;FTZ VI. You can also update your mobile number and
WLC;.I)LIW]SVEKMESTH4BGUMELNJLTY)LGPFTBGET e-mail id in the user profile details of the folio which
may be used for sending future communication(s).
ULVTPLZTJLLQLKLTBETGZ GELULMESLH4"
VII. C;PLTG7BYEIWPGÉL ÈLSDUT
LRHLTYIWL4K VII. The remote e-voting period commences on
MLBDUT
SEMFL*SHLTUL YI"CMWPGÉL 26/06/2017 (9:00 am) and ends on 28/06/2017
(5:00 pm). During this period, shareholders’ of the
FTBE7WLJ2GSG'LETWVRMLKD4BEETLTKÉLLKEQLHTPH)LL4GSE Bank, holding shares either in physical form or in
JFTB LTKÉLLGKSEKST HLT LG.F47TGKZLC5.JFTB WJVLPLT7 dematerialized form, as on the Cut-off Date2 may
CZT%7LGVEJFTB .LZMEST H4B"C; PLTG7BYET DLO V M.I Z cast their vote electronically. The e-voting module
^LKLC;PLTG7BYFL8._XZH7LGOLUL YL"LTKÉLLKE^LKL EDLK shall be disabled by CDSL for voting thereafter.
MBE:JJKFSOLVEKVTETJQLS_LTKÉLLKEELTCMTDOZVTEI Once the vote on a resolution is cast by the
shareholder, the shareholder shall not be allowed
WVRFGSVHIBOIUL YI"
to change it subsequently.
VIII. LTKÉLLKE PLTG7BY EL ETPZ E FLT. W'LL;S_ L SLT UI F FTB VIII. Shareholders can opt for only one mode of voting,
NJG-'LSHLTEK)LL4GSEJFTBLC;PLTG7BYELGPE:JQRVMESL i.e. either physically by attending AGM or remote
H4" GO ELTC; LTKÉLLKE C;PLTG7BY EL GPE:J QRVSL H4 SLT PH e-voting. If any shareholder opts for remote e-voting,
UI FFTB)LL4GSEJFTBFSOLVEKVTETGZ JLLVHIBHLTYL" he will not be eligible to vote physically in AGM.
IX. XBGEETPZ ELTKÉLLKEELQRVLPH4 CMGZ EMT WGÉLE

Q IX. As the election is for one Shareholder Director
GVOTLEETGZ PLT7VHIGOLULMESLW6'LLPLT7WP4ÉLHLTVL only, vote be cast for not more than one Director
QLGH " else the votes cast shall be treated as invalid.
X. N JKLTºL2ETGPLLÉLIV>GPGVFVETWVRMLK>È3TELTKÉLLKE X. Subject to the above, as per Regulation 68,

each shareholder who has been registered as a
ULT E7WL8J2GSG'LSE EJBUI²SLTKÉLLKEH4 PHWJVT shareholder on the Cut-off Date2 shall have one
^LKLÉLLGKSÈ3TELTKETGZ EPLT7OTMESTH4" vote for each share held by him/her.
XI. F4 WLLR YR*SL B. EBJVI C;FTZ WLC;.I agc.scrutinizer@ XI. Ms. Ashu Gupta, Practising Company Secretary
gmail.com
FTB EL;KSMR+IWLLR YR*SLEBJVIMGQP MO-L (Membership No. F4123, CP No. 6646) of M/s
Ashu Gupta & Co. (email ID – agc.scrutinizer@
MB<LF4123, CP No. 6646
ELTD4BE^LKLGVJ\L PBJLKOLI; gmail.com) has been appointed as the Scrutinizer
SKIETMTC;PLTG7BYÈG¹LEIMBPI\LLEKVTETGZ MBPI\LEGVRºL2 by the Bank to scrutinize the e-voting process in a
GELYLH4" fair and transparent manner.
XII. BPI\LE>WLFD4#EETOL4KLVHRC;PLTG7BYETSRKBSDLO.LZTY
M XII. The Scrutinizer shall after the conclusion of voting at
the AGM, will first count the votes cast at the meeting
PLT7LTB EIGYVSIEKTYLS3JQLS_ OLT
ML\LTB EINJG-'LGS and thereafter unblock the votes cast through
FTB ULT D4BE ET GVLTUV FTB V HLTB> PLT7 WV$ZL8E EKTYL WL4K remote e-voting in the presence of at least two (2)
D4#EETWÉ\LELTLNMET^LKLWGÉL²S0GºL2ELTJ\LL witnesses not in the employment of the Bank. The
GPJ\LFTB .LZT YT PLT7EIGOELTC; HLT>GZGvSGKJLT7; D4#E Scrutinizer shall submit a consolidated Scrutinizer’s
Report on the total votes cast to the Chairman of the
ETWÉ\LELT UI FEIMFLG*SET LB7LTETW6OKÈ-SRS Meeting not later than 48 hours of conclusion of the
EKTYLLNVET^LKLGZGvSFTBÈLGÉL²S E0GºL2ÈGSH-SL\LK AGM and the Chairman or a person authorised by
EKTYL"WÉ\LLÈLGÉL²S0GºL2PLTG7BYETJGKLLFLTEI LLTLLL him in writing who shall countersign the same and
EKTYL" declare the result of the voting forthwith.
XIII. MBPI\LE GKJLT7; ET ML'L JGKLLFLTB EI LLTLLL> D4BE EI PTDMLC7 XIII. The Results along with the Consolidated
www.pnbindia.inJKWL4KMI.I M ZEIPTDMLC7JKWÉ\L Scrutinizer’s Report shall be placed on the Bank’s
website www.pnbindia.in and on the website of
^LKLJGKLLF LLTGLSGELUL YL" CDSL immediately after the result is declared by
GVOTLEF.ZETWLOTLLVRMLK the Chairman.
²STJBULDV4LVZD4BE By order of the Board of Directors
for PUNJAB NATIONAL BANK
Place: NEW DELHI (Sunil Mehta)
GOVLBE ÈD6ÉLGVOTLEPFR<EL;JLZEWGÉLELKI Date: 16.05.2017 Managing Director & CEO
16
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
HWPU
HQMJHQQLM
MFHLKMU8<
Financial
Directors'Statement
Report
17
J[YGS EVUKFTB
PROGRESS AT A GLANCE
` EKLT. FT
B (` crore)
¹MB J4KLFI7K GPºLPL; GPºLPL; GPºLPL; GPºLPL; GPºLPL; GPºLPL;
S. No PARAMETERS FY'12 FY’13 FY’14 FY’15 FY’16 FY’17
1 LTKJXBUI 339 353 362 371 393 426
Share Capital
2 WLKG\LSGVGÉLL 27478 32323 35533 38709 37917 41421
Reserves & Surplus
3 UFLKLGLLB 379588 391560 451397 501379 553051 621704
Deposits
4 WGY[F 293775 308796 349269 380534 412326 419493
Advances
5 ERZELKLTDLK 673363 700356 800666 881913 965377 1041197
Total Business
6 ERZWLG-SLB 458194 478948 550420 603334 667390 720331
Total Assets
7 LRGVPTL 122629 129896 143786 149877 157846 186725
Net Investment
8 ERZLL<LL B* MB<L
5670 5874 6201 6560 6760 6938
Total Branches*( Number)
9 7I FVT7PE; MB<L
6009 6313 6940 8348 9463 10681
ATM Network ( Number)
10 JGKQLZVZL)L 10614 10907 11384 11955 11339 14565
Operating Profit
11 ERZJ[LPÉLLV 5730 6160 8042 8893 15313 13240
Total Provisions
12 LRZL)L 4884 4748 3343 3062 -3974 1325
Net Profit
13 ELKLTDLK!EF;QLKI ` ZL<LFTB
1132 1165 1283 1319 1359 1417
Business/Employee (` lakh)
14 LUFLWVRJLS %
77.39 78.86 77.38 75.90 74.55 67.47
Credit-Deposit Ratio (%)
15 UFLKLGLLTBEIZLYS %
6.59 6.82 6.33 6.09 5.85 5.33
Cost of Deposit (%)
16 WGY[FLTBJKWL %
11.67 11.06 10.36 9.88 9.10 8.29
Yield on Advances (%)
17 GVPTLJKJ[LG*S %
7.57 7.89 7.85 7.99 7.94 7.69
Yield on Investment (%)
18 LR$LUFLGU;V %
3.84 3.52 3.44 3.15 2.60 2.38
Net Interest Margin (%)
19 WLG-SLTBJKJ[GSJ2Z %
1.19 1.00 0.64 0.53 -0.61 0.19
Return on Assets (%)
20 ZLYSWLWVRJLS %
39.75 42.81 45.06 46.74 46.79 41.57
Cost to Income Ratio (%)
21 MEZ VJI %
2.93 4.27 5.25 6.55 12.90 12.53
Gross NPAs (%)
22 LR VJI %
1.52 2.35 2.85 4.06 8.61 7.81
Net NPAs (%)
23 JXBUIJL;*SSLWVRJLS DTMZIII
%
- - 11.52 12.21 11.28 11.66
Capital Adequacy Ratio (Basel III) (%)
* E %M7TBLVELNB7KMGHS LKTZXLL<LL B
* Domestic Branches including one Extension Counter
18
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
J[FR<LGPºLIG-'LGSLB
KEY FINANCIAL POSITION
19
J[FR<LGPºLIWVRJLS
KEY FINANCIAL RATIOS
20
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
JXBUIJL;*SSLWVRJLS DTMZ III
CAPITAL ADEQUACY RATIO (BASEL III)
21
GVOTLEGKJLT7; DIRECTORS’ REPORT 2016-17
D4BEELP4GPEELKLTDLKFLQ;EIMFLG*SJKEIPL;OKPL; The Bank’s Global Business reached `1041197 crore as at the
PAGELT OLL;ST HR EKLT. SEJHRQYL"UDGED4BEEI end of March’17 reflecting a growth of 7.9% on a yearly basis.
While the Global Deposits of the Bank at `621704 crore grew
P4GPEUFLKLGLLFLQ;JKEIPAGETML'L
by 12.4%, Global Net Advances recorded growth of 1.7% to
EKLT.KHL>P4GPEGVPZWGY[FEIPAGOU;EKSTHR reach `419493 crore as on 31st March’17. The Bank recorded
EKLT.SEJHRQYC;"D4BEVTELMLFTBEIPAGOU;EIS'LL LKTZX a CASA growth of 26.5% and the share of CASA to domestic
UFLKLGLLTBFTBELMLELLTKDEKHLTYL" deposits increased to 46%.
ZL)LÈOSLFLVOB.LTBETWVRMLK>D4BEELJGKQLZVZL)LFLQ;ET In terms of Bottom-line parameters, the Bank’s Operating Profit

increased from `11339 crore as on 31st March’16 to `14565
EKLT.MTDEKFLQ;ELTEKLT.HLTYL"
crore as on 31 March’17.
st
CMJA#)LXGFFTB>WLJETGVOTLEYLGPºLIPL;ETGZ D4BEEIPLGL;E In this backdrop, your Directors take pleasure in placing the
GKJLT7;ETML'LML'LZTvLJKIG\LSPLGL;EGPºLIGPPKLWLJETMF\LMHL; Bank’s Annual Report for FY’17 along with its audited Annual
È-SRSEKKHTBH4B" Financial Statements.
HFLKLÈOL;V Our Performance

GPºLIGPLTLSL B A. Financial Highlights
SRZVJL A.1. Balance Sheet
EKLT.FTB
(` crore)
FLVOB. FLQ; FLQ; PAG
Parameters 31 March’ 16 31 March’17 Growth (%)
st st
ERZELKLTDLK 965377 1041197 7.9 Total Business 965377 1041197 7.9

UFLKLGLL 553051 621704 12.4 Deposits 553051 621704 12.4
GVPZWGY[F 412326 419493 1.7 Net Advances 412326 419493 1.7
ZL)L A. 2. Profit
EKLT.FTB
(` crore)
FLVOB. GPºLIPL; GPºLIPL; PAG
Parameters FY’16 FY’17 (%)
JGKQLZVZL)L 11339 14565 28.4 Operating Profit 11339 14565 28.4
ÈLPLV 15313 13240 -13.5 Provisions 15313 13240 -13.5
GVPZZL)L -3974 1325 - Net Profit -3974 1325 -
J[FR<LWVRJLS A.3. Key Ratios
(%) (%)
GPPKL GPºLIPL; GPºLIPL; Particulars FY’16 FY’17
GVGLTBEIZLYS 4.93 4.60 Cost of Funds 4.93 4.60
GVGLTBMTWL 7.28 6.74 Yield on Funds 7.28 6.74
CG%P7IJKÈGSJ2Z GVPZMBJGºL
LL3FE 3.52 Return on Equity (Net Worth) -ve 3.52
GVPZ$LUFLGU;V LKTZX
2.95 2.69 Net Interest Margin (Domestic) 2.95 2.69
WLG-SLTBJKÈGSJ2Z LL3FE 0.19 Return on Assets -ve 0.19
WLWVRJLSEIZLYS 46.79 41.57 Cost to Income Ratio 46.79 41.57
DI JGKQLZVYSGPLTLSL B
B. Operational Highlights
i. JI VDIVTZLvEKLT.ETERZELKLTDLKETWLE.TBELTJLK i. PNB crossed the Total Business Figures of `10 lakh
GEL"D4BEEIELMLUFLKLGLLTB VT )LIZLvEKLT. ET crore. CASA deposits of the Bank also crossed `2.6
WBEELTJLKGEL" lakh crore mark.
ii. JI VDI 7TD D4BGEBY Q VWLC; WL4K VWLKWLC; ELT .LTK-7TJ ii. PNB Tab Banking: Saving Bank Account opening
YRLPºLL MTPL B ÈOLV EKVT ET GZ 74$ZT7 JIMI WLLGKS MFL through Tablet PC Based Solution was launched to
LVET FLÉFMT DQSvLSLvLTZVT EIMRGPLELWLKB)LGEL provide quality services to HNIs and NRIs at their door
YL" H Q VWLC; Y[LHELTB PB NVET JGKUVLTB> L4G\LE MB-'LLVLTB step. It caters to HNI customers and family members,
ETPTSVvLSLTB>EL8JL;TKT7GVELLTBWL4KMROXKG-'LSM46E4B7LTBFTB7EI salary accounts of educational institutions, corporate
bodies & remotely placed Army cantonments.
WLPESLWLTBELTJXKLEKSLH4"
22
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
iii. vROKL WLG-S ÈG¹L MTZ WLK JIMI

D4BE VT vROKL L iii. Retail Asset Processing Cell (RAPC): The Bank has
GPSKL FL8.Z ELT VL J GOL H4 WL4K GOVLBE revamped the Retail Credit Dispensation Model and
replaced the existing model with RAPC model from
MT FL4UXOL FL8.Z ELT WLK JIMI FL8.Z ET ML'L DOZ GOL H4"
01.04.2016. RAPCs undertake all the activities from
WLK JIMILLvLWLTBETFLÉFMTLWLPTOVEIÈLG*SMTZTEK receipt of loan application through branches till sanction of
vROKLLEI-PI²GSSEM)LIYGSGPGLTBELTMBQLGZSEKSTH4B> retail loan which has resulted in qualitative improvement
GUMETJGKLLF-PJLÈMB-EKLFTBYRLL3FEMRLKHRWLH4" in loan processing.
iv. vLSLvLTZVTETGZ D4EWL8GJ2MHFLKIETPLC;MIÈLLZIELT iv. Back office for account opening: To strengthen our
MROAEKVTETGZ >D4BEVTÈ3TEWBQZFTBETBÇI²SD4EWL8GJ2M KYC system, the Bank has started opening saving and
current account at centrally located Back office at each
JKDQSWL4KQLZXvLSLvLTZVLWLKB)LEKGOLH4" Zone.
v. O\LSL DLVT HTSR> GPºLI MFLPTLV È)LLY J2WLC;.I
WL4K v. For bringing more efficiency, Financial Inclusion Division
ÈL'LGFESLÈL*S\LTLWL4KWY[LID4BEÈ)LLY JI MWL4K ZDI
(FID) and Priority Sector & Lead Bank Division (PS&LB)
EL GPZ ²GL ELKLTDLK WL4K GPºLI MFLPTLV È)LLY ET J FTB were merged to form Agri Business & Financial Inclusion
GELYL"GK7TZWLG-SÈ)LLY WLK .I
PBMBMLVMBY[HLÈ)LLY Division. Retail Assets Division (RAD) and Resources
Mobilization Division (RMD) were merged to form Retail
WLK F.I
ELGPZGK7TZD4BGEBYÈ)LLYETJFTBGELYL" Banking Division.
vi. JI VDIGEËÑIVLFEJI VDIPL8ZT7ELLR)LLKB)LGELYL" vi. PNB wallet named as “PNB Kitty” was launched.
vii. JI VDIVT)LI?JI VDIPTP VJTVLFEMBJE;KGHS¹TG.7EL.;EI
vii. PNB also introduced Contactless Credit Cards namely
LRWLSEIH4"?JI VDIRPLVLFMT EW6FLTDLCZ G*ZETLV “PNB Wave and Pay”. Another mobile application, PNB
RPLWLTBETGZ LREIYC;" Yuva was launched for the youngsters.
viii. 7I F ET È)LLPI ELFELU ET GZ 7I F ZL)LÈOSL FL8.Z S4LK viii. ATM Profitability Model has been designed for effective
GELYLH4" functioning of ATMs.
ix. EÈGMWL4KN3MLHIRPLG¹ET7K+IGPKL7ELTHZIELT OTLET ix. Mr. Virat Kohli, a young and energetic Indian cricketer
RPLWLTBETDIQNVEIZLTEGÈSLETELKLD4BEETD[LB. BDTM.KET has been chosen as brand ambassador of the Bank
JFTBQRVLYLH4" because of his mass appeal to the youth of the country.
x. VC;GO:ZIFTBMT%7K^LKELFT7LT-7TLVJI VDIFT7LT-7TLVETJ x. Sector 10, Dwarka Metro Station in New Delhi was
FTBD[LB.GELYL'LL" branded as PNB Dwarka Metro Station.
MI WLG-SYRLPºLL C. Asset Quality
GPºLI PL; FTB D4E
B EI MEZ VJI EKLT. GPºLI PL; FTB
The Bank’s Gross NPA stood at `55370 crore in FY’17 (FY’16:
EKLT.
KHIS'LLGVPZ VJI GPºLIPL;FTB EKLT. GPºLI `55818 crore) and the Net NPA stood at `32702 crore in FY’17
PL; FTB EKLT.
KHI"WVRJLSLTB ET MBO)L; FTB MEZ VJI WVRJLS (FY’16: `35423 crore). In terms of ratios, Gross NPA ratio stood
GPºLIPL;FTB GPºLIPL;FTB
KHL PB GVPZ VJI at 12.53% in FY’17 (FY’16: 12.90%) and Net NPA ratio stood at
WVRJLSGPºLIPL;FTB GPºLIPL;FTB
KHL" 7.81% in FY’17 (FY’16: 8.61%).
MEZ VJI ETML'LML'LGVPZ VJI ETÈGSLSFTBEFIHRC;"JIMIWLK Gross NPA as well as Net NPA percentage has come down.
GPºLIPL;ET MT MRKEKGPºLIPL;FTB HLT YL" PCR has also improved from 51.06% in FY’16 to 58.57% in
FLLLEIOAG7MTEISRZVLFTBFTBMEZ VJI OLTVLTB FY’17. In absolute terms also both Gross NPA and Net NPA as
on 31.03.17 reduced as compared to 31.03.16.
FTBHIGYKLP7WLC;H4"
23
GPºLIPL;ETOL4KLVEIYC;JHZTB Initiatives taken during FY’17
¾ ÈLVELL;ZMT PGK#WGELGKLTB VT PMXZIEL;PLHIFTB EFI ¾ During the year, bank initiated “Pan India Recovery Drive”
EIJHQLVEKVTHTSRWBQZELL;ZELOL4KLGELS'LLMKJ2TMI> (PIRD) giving targets for each quarter to each Circle
and Zone. These PAN India drives were successful in
.IWLK7IFLFZTOU;EKVTU4MIPMXZIMRGVGQSEI"
increasing cash recovery and upgradation during the
¾ D4BEVTPL;ETOL4KLVGVJ7LVEIYGSFTBSTUIZLVTHTSRZ LRWGY[FLTB year.
FTBPMXZIELTDLVTETGZ FTYLLFRGºL2GLGPKLTBEL)LIWLLTUV ¾ The Bank also organized Mega Rin Mukti Shivirs for
GEL" giving impetus to recovery in small advances to expedite
the pace of settlement during the year.
¾ FLQ;JKNLKESL;WLTB ELT WLKDIWLC; ET GOLLGVO;TLLVRMLK
CKLOSVQXEESL;ETJFTB LLTGLSGELYL" ¾ As on March’17, 1009 borrowers were declared as wilful
defaulters as per RBI guidelines.
¾ PMXZIFTBSTUIZLVTETGZ MLVETJFTB EDLKYIGVJ7LVELT
One Time Settlement (OTS) was also explored as a
WJVLLYLS'LLGPºLIPL;ETOL4KLVvLSLTBFTBWLT7I M ¾
tool for expediting recovery during FY’17; OTS in 90165
ELWVRFLTOVGELYL"D4BEVT GPºLIPL;ET OL4KLV VJI accounts was approved, `906 crore were recovered in
HR vLSLTBFTBEKLT.PMXZGE " approved OTS cases.
¾ JKEKLT.EIERZDELLKLGLLTBPLZT VJI ¾ NPA accounts as on 31.03.17 with aggregate outstanding
vLST-74..;+TLIFTBWJY[T.GE Y VJI vLSLTBFTBERZVEO of `2981 crore were upgraded to standard category. Total
PMXGZLBEKLT.KHI" cash recoveries in NPA accounts amounted to `10677
crore.
KLVIGSEJ2LTEM VJI ELMFLLV
Strategic Focus-Resolution of NPAs
.I WL4]LTGYEJRVY;#V D. Industrial Restructuring
¾ ODLPY[-SWLG-SLTBET-'LLIMBKQVLEILTUVL M
ET ¾ Under the Scheme for Sustainable Structuring of
SHS>D4BEVT GOVLBEJKEKLT. EIDELL Stressed Assets (S4A), the Bank mandated 12 accounts
with outstanding of `2955 crore as on 31.03.2017.
KLGLPLZTvLSLTBFTBWGOTLGOL"
24
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
¾ GPºLIPL;ETOL4KLV>D4BEVTJKEKLT.EI ¾ During FY’17, the Bank invoked Strategic Debt
DELLKLGLPLZTvLSLTBFTBMLFGKELJRVY;#V M.IWLK
Restructuring (SDR) in 9 accounts with outstanding of
`2564 crore as on 31.03.2017.
ZLYXGEL"
¾ During FY’17, 5/25 scheme was implemented in
¾ GPºLIPL;ETOL4KLVJKEKLT.EIDELL 10 accounts with outstanding of `2334 crore as on
KLGLPLZTvLSLTBFTB!LTUVLZLYXEIYC;" 31.03.2017.
¾ EL8JL;KT 7T LJRVY;#V MI.IWLK
^LKLJRVY;G#SFL4UOX LvLSLTB ¾ Out of the existing 76 Corporate Debt Restructuring
ELTDELLEKLT.
MTvLSLTB FTB JI VDI (CDR) restructured accounts (with outstanding `11251
ELTGVYKLVIMB-'LLVEI)LXGFELML4JB IYC;'LI"PS;FLVPL;ETOL4KLV> crore as on 31.03.2017), in 14 accounts, PNB was
assigned the role of Monitoring Institution. During the
ÈGSJXGS;KLGLET)LRYSLVEKVTJKEKLT. EIDELLKLGLPLZT current year, the successful exit was finalized in 4 CDR
MI.IWLKvLSLTB FTB MJ2ZGVELMISEIYC;" accounts with outstanding of `285 crore on payment of
recompense amount.
¾ D4BE VT MT F M FC; ET GZ VC; JRVLK WL4K
JRVPL;M JKTvL J2WLKWLK
HTSR VIGS WJVLC; H4" GPºLI ¾ The Bank has adopted the policy for New Framework
PL;ETOL4KLV> F M FC;ETGZ J2WLKWLKETWBSY;S for Revival and Rehabilitation (FRR) of MSMEs w.e.f.
14.07.2016. During FY’17, 12 accounts were restructured
EKLT.EIDELLKLGLPLZTvLSLTBELJRV;Y#VGELYL"
under FRR for MSME with outstanding of `77 crore.
¾ TMT F M FC; HTSR> GU6HTB MI.IWLK! M.IWLK! M ! J2WLKWLK ¾ For MSMEs, which cannot be covered under CDR/
ETWBSY;SEPKVHIBGELULMESLH4>D4BEVTMB)LLGPS0PHL; SDR/S4A/FRR, the Bank put in place a transparent
CELCLTBETLLTBETJRVY;#VETGZ EJLKOLI;SBL-'LLGJSGEL mechanism for restructuring of debts of potentially viable
H4"GPºLIPL;ETOL4KLV>EKLT.EIDELLKLGLPLZT units. During FY’17, 21 accounts were restructured with
outstanding of `2804 crore.
vLSTJRVY;G#SGE Y "
E. Digitalization: Towards ‘Digital PNB’
C; G.GU7ZIEKL?G.GU7ZJI VDIEIGOLLFTB
B VTY[LHELTB Moving towards cashless society and paperless banking, the
VEOKGHSMFLUWL4KELYUKGHSD4GB EBYEIGOLLFTB DST HR D4E
Bank undertook several initiatives to provide better, prompt and
ELTDTHSK>3PGKSWL4KERLZMTPL BÈOLVEKVTETGZ EC;JHZEIH4"B efficient services to the customers.
P4EG:JEGPSKLQ4VZ Alternative Delivery Channels:
CB7KVT7D4GB EBYFLQ;JKCB7KVT7D4GB EBYMTPLFTB ZY)LY a. Internet Banking: As on 31.03.2017, around 0.93 crore
EKLT. Y[LHE GK7TZ PBEL8JL;KT 7T
JBUI²S'LT"PL;ETOL4KLV customers (retail and corporate) were enrolled in internet
EC;V J2IQKULT.T Y GUMFTB .TGD7EL.;>HL87GZG-7BYWL4KGK7TZ banking service. During this year, many new features
were added which included Debit card hot listing and
PBEL8JL;KT 7T CB7KVT7D4GB EBYFTB ZTVOTVEKVTHTSR ÈFLLIEKLETOXMKT
Digital signature as a second factor of authentication
ELKEETJFTB WL4KG.GU7ZH-SL\LKLLGFZH4"B for doing transactions in Retail and Corporate Internet
Banking.
DI FLTDLCZ D4BGEBY JK FLTDLCZ D4BGEBY NJLTYESL;
EKLT.'LT" b. Mobile Banking: As on 31.03.2017, the Mobile Banking
Users were 0.71 crore.
MI M F MWZ7;MTPL JKZY)LYEKLT.
Y[LHELTB VT M F MWZ7; MTPLWLTB HTSR MO-SLZT KvIH4"H c. SMS Alert Services: As on 31.03.2017, around 4.65
MTPLWLYT WLKWLKDIELT ÈOLVEIYC;"DHR)LLLI)LLLLWLTB FTB crore customers subscribed to SMS Alert Services. The
service was further extended to 5 RRBs. OTP and SMS
WLT7IJI PB M F MWZ7;ELWLKB)LGELYL" alert was introduced in multilingual languages.
.I 7I FGPºLIPL;ETOL4KLVV 7I F-'LLGJSGE Y d. ATMs: During FY’17, 1218 new ATMs were installed and
WL4KCMETJGKLLF-PJERZ 7I FVT7PE;SEJHRQ B YL" as an outcome, the total ATM network reached 10681.
ÈLLZI 7I FMLC7LTB JKC;GVYKLVI-'LLGJSEIYC;"GDUZIVKHVT E-Surveillance systems were installed at ATM sites.Solar
JK 7I FETGVG¹HLTULVTEI L7VLWLTB FTB EFIZLVTHTSR MLTZK UPS were installed to decrease the downtime of ATMs
on account of electricity failure. ESQ ATM Monitoring
XJI M-'LLGJSGE Y "WL8VZLCV 7I FGVYKLVIWL4K 7I FET System was installed for on line ATM monitoring and to
EVTEIG-'LGSFTB 3PGKSMRÉLLKL3FE!GVPLKEELK;PLC;EKVTETGZ take prompt corrective/preventive actions in case ATM
C; M%X 7I FGVYKLVIÈLLZIEI-'LLJVLEIYC;" gets down.
25
GPºLIPL;ETOL4KLVGE Y ER/VC;JHZTBGV&VLVRMLKOIYC;H4B Some of the new initiatives taken during FY’17 are given as
under:
¾ XJIWLC; EI²S)LRYSLVCB7KJ2TM
PB)LIFELLR)LLK&)LPL; ¾ Launch of UPI (Unified Payment Interface) and BHIM:
ET OL4KLV XJIWLC; VLFE E FLTDLCZ WLLGKS D4GB EBY *ZIETLV A mobile based banking application, called UPI was
ELLR)LLK&)LGELYLGUMET^LKLY[LHE EHI TJETFLÉFMT launched wherein the customers were able to access
GPG)L6VD4EB LTB ETML'LvLTZT Y <LLSLTB ELT %MTMEKMET"B GOVLBE their Bank accounts opened with different Banks in
JKJBUI²SNJLTYESL;WLTB EIERZMB<L'LI" a single App. Total number of Users Registered as on
31.03.2017 were 467475.
JK)LIF XJIWLC;JKWLLGKSFLTDLCZ TJ
ETGZ Number of PNB accounts registered for BHIM (Mobile
JBUI²SJI VDIvLSLTBEIMB<LZY)LYZLv'LI" app based on UPI) as on 31.03.2017 are approximately
600000.
¾ WLLK M\LF )LRYSLV ÈLLZI GPºLI PL;> JK ZTVOTV EI ¾ Aadhaar Enabled Payment System: Number of
MB<L ZLv 'LI WL4K ZTVOTV EI ERZ KLGL transaction carried out was 90.96 lakh and total amount
EKLT.'LI" transacted was `3740.23 crore as on FY’17.
¾ JI VDIGEËÑIGOVLBEELTJI VDIGEËÑI> EFLTDLCZ ¾ PNB Kitty: Number of users registered for PNB Kitty, a
PL8ZT7>ETGZ JBUI²SNJLTYESL;WLTBEIMB<L'LI" mobile wallet, as on 31.03.2017 were 87144.
¾ .TGD7EL.; ET GZ Y[IVGJVJI FUT.IPLC; vLSLTB ELT /LT.EK ¾ Green PIN for Debit Card: Green Pin facility was
.TGD7EL.;ETGZ )LL4GSEGJVGÈBG7BYELTKLTEVTETGZ Y[IVGJV launched to curb physical pin printing for debit card
EIMRGPLEILRWLSEIYC;"D4BEVT CMY[IVJHZET SHS except PMJDY accounts. The Bank saved approximately
ZY)LYEKLT.EIDQSEI" `43.00 crore under this green initiative.
¾ GDUVTM.TGD7EL.; 7I FMT ZLvSEET WLHKLS'LL ¾ Business Debit Card: Business Debit Card was
launched with enhanced transaction limit permitting
ZLvSEEIC;EL8FM;ZTVOTVEIWVRFGSETML'LZTVOTV withdrawal up to `1 lakh from ATMs and e-commerce
EIN1QºLKMIFLPLZTGDUVTM.TGD7EL.;EILRWLSEIYC;" transaction up to `3 lakh.
¾ PQ;RWZEL.;M)LIPL8ZT7NJLTYESL;WLTBELTPQ;RWZ.TGD7EL.; ¾ Virtual Card: All wallet users are issued a virtual debit
ULKIGE ULSTH4B"CMPQ;RWZEL.;ELNJLTYC;EL8FM;ZTVOTV card. This virtual card can be used for e-Commerce
ETGZ GELULMESLH4" transactions.
¾ D4BEVT E.TGD7EL.;MTOXMKT.TGD7EL.;FTBGVGWBSKLEKVT ¾ Bank introduced Card to card fund transfer facility to

HTSREL.;MTEL.;GVGWBSKLEIMRGPLEILRWLSEIH4" transfer funds from one debit card to another debit card.
¾ -PB MTPL GELT-E D4BE VT OTL )LK FTB VEO UFL!DHR ¾ Self Service Kiosk: The Bank installed 2561 Cash
ELL;3FEGELT-E JI VDIVEO-PIESL; MH 7I FMGHS
> Deposit /Multifunction Kiosk (including PNB Cash
WL4K JLMDRE W]SVIEKL FLIVLTB ELT -'LLGJS GEL H4" Acceptor cum ATM), and 3378 Pass Book updating
Machines across the country. The machines installed
C;ZL8DIFTB-'LLGJSFLIVLTBELTY[LHELTBETGZ *NJZ$EKLL
in E-lobby are made available to customers 24*7. A
YLH4"È)LLPIGVYKLVIWL4KGVG¹MFELTEFEKVTETGZ real time monitoring tool was implemented for effective
GKZ7LCFGVYKLVIVLFENJEKLELELL;6PVGELYLH4" monitoring and to reduce the down time.
26
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
J2ÈDBVMXQVLÈLLZI F. Management Information System
WLKDIWLC;GOLLGVO;T LLTB ETWVRMLKD4E

B VTZ4.KÈLLZI FX:LBEVWL4KGKJLT7; ET As per RBI guidelines the Bank implemented Standardized
GZ LWL4KWGY[F.T7L.T-E
ETFLÉFMTDTMZIIIETSHSFLVEI²S Approach for Credit Risk under Basel–III through LADDER
(Loans and Advances Data Desk for Evaluation & Reports)
OAG7ELTLELG¹L6PVGELWL4KCMÈELKLWL4KWGY[FET MBDB FTB system thus enabling calculation of Risk Weighted Assets
ULTGvF)LLGKSWLG-SLTB WLK.$:X
EIYLVLELTM\LFGELYL" (RWAs) in respect of Loans & Advances.
GPºLIPL;ETOL4KLV>NJ)LLTºL2L+TLIETWBSY;S)LLPINLKESL;WLTBEI During FY’17, 1534885 Credit Information Reports (CIRs) of

>>MLvMXQVLGKJLT7;TB S'LLPLGLG5E+TLIET WBSY;S> prospective borrowers under Consumer category and 31555
CIRs under Commercial category were drawn from CIBIL,
MLvMXQVLGKJLT7;TBGMGDZ> %MJIGKV>HLC;FLE;WL4KCG%P %M.T7LDTM
Experian, High Mark & Equifax databases.
MTGVELZIYC;"
FLQ; SE D4E B ^LKL ÈGS)LXGSEKL WLG-S JRVK;QVL PB ÈGS)LXS GHS Around 4.70 lakh Immovable Properties (IP) & Movable
properties were registered with Central Registry of Securitisation
MIC;WLK M WLC;
ETML'LZY)LYZLvWQZMBJGºLLTB WLC;JI
PB Asset Reconstruction and Security Interest of India (CERSAI)
QZMBJGºLLTB ELJBUIEKL)LLKSEIET6ÇIKGU-7IFTB EKLLYL" by Bank till March’17.
VLLTVGVPLKL F Z
MFLLVLTBFTBERZJGKOAELL;BGPSGE A total of 47 scenarios were implemented in Anti Money
Y " JI VDI ^LKL ÈLLTGUS JLBQ \LTLI Y[LFIL D4BELTB WLKWLKDI
HTSR Laundering (AML) solutions. AML solution for five Regional
Rural Banks (RRBs), which are sponsored by PNB, was
F ZMFLLVMJ2ZSLJXP;EZLYXGELYL" implemented successfully.
UILLvLWL4KELL;ZVT7PE; G. Branch and Office Network
LKTZXNJG-'LGS Domestic Presence
JKD4BEET JLMLLvLWLTB ELMDMT D.LVT7PE; H4" The Bank has one of the largest branch networks of 6937 as
D4BEKGHS\LTLLTBEID4BGEBYWLPESLWLTBELTJXKLEKVTHTSRPL;ETOL4KLV on 31.03.2017. To fulfill the banking needs of unbanked areas,
LLvLWLTBETGPLLZVT7PE;FTBVC;LLvLWLTBELTULT.LYL" 178 new branches were added to the vast network of branches
during the year.
WBSKL;7INJG-'LGS
International Presence
PS;FLV FTB> LLvLWLTB HLBYELBY> ORDC; WL4K WLTDIXFRBDC;
>
At present, Bank has its overseas presence in 9 countries by
WVRLBGYLTB ZBOV WL4K )LX7LV
> MHLE EULv-SLV
> MBRºL2 way of 4 branches (2 Hong Kong, 1 Dubai and 1 OBU-Mumbai),
N]F VTJLZ
WL4KÈGSGVGELL;ZLTB GM.VIWL8-7TGZL>LB LLC;QIV> 2 Subsidiaries (London and Bhutan),1 Associate (Kazakhstan),
LELDLB9ZLOTL WL4K ORDC;X C;
ET FLÉF MT D4BE EI OTLLTB FTB 1 Joint Venture (Nepal) and 4 Representative Offices (Sydney-
WBSKL;7INJG-'LGSH4" Australia, Shanghai-China, Dhaka-Bangladesh and Dubai-UAE).
Q WBSKL;7ID4BGEBY H. International Banking
GP3SIPL;FTBGPOTLIFRÇLELKLTDLKPL;OKPL;PAGMGHS The foreign exchange turnover was `140814 crore for FY’17
with a growth of 5.18% on YoY basis. The Bank also has an
>>EKLT.'LL"D4BEETJLMWLPEÈTLLELTMB)LLZVTETGZ VC; International Service Branch in New Delhi for handling inward
GO:ZIFTB EWBSKL;7IMTPLLLvLH4"GP3SIPL;ETOL4KLVD4BE remittances. During FY’17, the Bank handled remittance
VTÈTLLELKLTDLKFTBPL;OKPL;ZY)LYPAGOU;EKSTHR business of more than `58147 crore, showing a growth of
EKLT.ELELKLTDLKGEL" nearly 0.45% YoY.
WGVPLMI)LLKSILTB ELT ÈTLLEIMRGPLHTSR D4BEVT %MQTBUHLNM The Bank has Rupee Drawing Arrangements (RDA) with 36
Y:J2FTB>GMBYLJRKFTB>MBR%SKL5WFTGKELFTBWL-7TGZLFTB Exchange Houses (30 in the Gulf, 2 in Singapore, 2 in the USA,
1 in Australia and 1 in Canada) to facilitate remittance from
WL4KEVL.LFTB
ETML'LJLWLHKL0P-'LLEI" NRIs.
27
WLC; JGKQLZV I. Operations
MBY#VL3FEJRVY;#VGOVLBEMT EQLK-SKIMBKQVLEI Organizational Restructuring: A four tier structure was

LRWLSEIYC;>GUMFTBWBQZELL;ZETFLÉFMTJ[ÉLLVELL;ZELT introduced from 01.04.2016 with Zonal offices linking Head
FB.ZELL;ZWL4KLLvLWLTBMTULT.LYL" Office to Circle Offices and branches.
EF;QLKIMRLPLTUVLEF;QLKIMRLPLTUVLET WBSY;SZY)LY Employee Suggestion Scheme: Around 460 suggestions

were perused and cash incentives were given to 14 Staff
MRLP ÈL*S HR > GUMFTB -7LJ2 MO-LTB ELT NVET -PIEL;!ELL;BGPS members for suggestions accepted/implemented under the
MRLPLTBETGZ VEOÈLT3MLHVGOLYL" Employee Suggestion Scheme.
GPFRÇIEKL %MML;CUGPFRÇIEKLET MFD4E B VT GVGFSGOLLGVO;T L Demonetization exercise: At the time of demonetization,
ULKIGE WL4KELTKD4GB EBYÈLLZIFTB NJR%SGVBLLUL8Q B -'LLGJSGE S'LL the Bank issued regular guidelines, installed suitable checks
in Core Banking System and scrutinized irregularities. Steps
WGVGFSSLWLTB EIUL8Q B EIYC;"WLKDIWLC;!GP3SFBLLZMTÈL*SGOLLGVO;T LLT!B were taken to ensure proper implementation of guidelines/
GVOTLLTB EL NGQS ELL;6PV MRGVGQS EKVT ET GZ EOF N#L Y " directives received from RBI/MOF. The field functionaries
GPGV;GO7D4E B VLT7LTB ET KvKvLPET GZ \LTLIJOLGELGKLTB ELT ULYE were sensitized on handling of Specified Bank Notes and
GELYLWL4KW-JSLZLT>B KTZPT-7TLVLT>B UL8YKJLELT> DLULKLT>B ELKLTDLKIÈGS#LVLTB introduction of new series of currency notes and mobile ATMs
were placed in Hospitals, Railway Stations, Joggers’ parks,
S'LLELL;ZLTB C3LGOFTB EKTM
B IVLT7EIVC;+Av
B ZLWLKB)LEIYC;WL4KFLTDLCZ Markets, Business establishments and Offices, etc. Bank could
7I F-'LLGJSGE Y "CMWPGETOL4KLVDVLC;YC;YR.GPZETELKL mobilize huge amount of CASA due to the goodwill created
D4E
B D.IELMLKLGLUR7LMEL" during the period.
JI VDI7TDD4GB EBY Q VWLC;WL4K VWLKWLC;ELT.LTK-7TJYRLPºLLMTPL B PNB Tab Banking: Saving Bank Account opening through
ÈOLVEKVTETGZ 7T$LZT7JIMIWLLGKSMFLLVETFLÉFMTDQSvLSL Tablet PC Based Solution was launched as a step further to
provide quality services to HNIs and NRIs at their door step. It
vLTZVT EIMRGPLELWLKB)LGELYL"H Q VWLC; Y[LHE PB NVET
caters to HNI customers and family members, salary accounts
JGKUVLT>B L4G\LEMB-'LLVLTB ETPTSVvLSLT>B EL8JL;KT 7T GVELLTB WL4KMROKX G-'LSM46 of educational institutions, corporate bodies & remotely placed
E47B LTFB 7BT EIWLPESLWLTB ELTJXKLEKSLH4" Army Cantonments.
vROKLWLG-SÈG¹LMTZ WLK JIMI

D4E B VTvROKLLGPSKLFL8.Z Retail Asset Processing Cell (RAPC): The Bank has
ELTVLJGOLH4WL4KGOVLBEMTFL4UOX LFL8.ZELTWLK JIMI revamped the Retail Credit Dispensation Model and replaced
the existing model with the introduction of RAPC model made
FL8.ZETML'LDOZGOLH4"WLK JIMILLvLWLTB ETFLÉFMTLWLPTOV
effective from 01.04.2016. RAPCs undertake all the activities
EIÈLG*SMTZTEKvROKLLEI-PI²GSSEM)LIYGSGPGLTB ELTMBQLGZS from receipt of loan application through branches till sanction
EKSTH4>B GUMETJGKLLF-PJLÈMB-EKLFTB YRLL3FEMRLKHRWLH4" of retail loan.
vLSLvLTZVTETGZ D4EWL8GJ2MHFLKIETPLC;MIÈLLZIELTMROA EKVT Back office for account opening: To strengthen our KYC
B VTÈ3TEWBQZFTB ETÇB I²SD4EWL8GJ2MJKDQSWL4KQLZX system, the Bank has started opening saving and current
ETGZ >D4E
account at centrally located Back office at each Zone
vLSLvLTZVLWLKB)LEKGOLH4"
J. Indian Accounting Standards (IND AS)
UT )LLKSIZTvLFLVE WLC; V.I M

GP3SI PL; MT D4E
B VT WLC; V.I M )LLKSI ZTvL FLVE
ET The Bank has commenced the process of IND AS (Indian
ELL;6PVEIÈG¹LLREIH4WL4KQLZXZTvLMBKQVLWL4K)LLKSIZTvL Accounting Standards) implementation for FY’17 and made a
diagnostic study to identify the differences between the current
FLVEET DIQWLVT PLZT WBSKELT JHQLVVT ET GZ GVOLVL3FEWÉV
accounting framework and IND AS. Bank has quantified the
GELH4"D4E
B VTCMELÈ)LLPGVL;GKSEKSTHR WLKDIWLC;ELTGMS&DK
impact and filed the pro-forma financial statements for the half
ELTMFL*S/FLHIETGZ GP3SIGPPKLIÈLTJ2LFL;)LTUGOLYL"
year ended September 2016 with the Reserve Bank of India.
ET VPIVJHZÈ)LLY
K. New Initiatives Division
D4BEJHZT MT HI7_PI7KWL4KGZB%.CVJKFL4UXOH4" CMET WZLPL>D4BE
The Bank already has its presence on Twitter and LinkedIn.
VT UVSLET GZ ??JBULDV4LVZD4BE>ÈEL>VC; GO:ZIET VLFMT Further, the Bank opened official Facebook page for the public,
J2TMDREJTUvLTZLH4"FLTDLCZ TJJI VDIGEËÑI JKPK1RZ.TGD7EL.; in the name of ‘Punjab National Bank, HO, New Delhi’. Virtual
NJZ$EKLLYLH4" debit cards were made available on mobile app PNB Kitty.
Z ELKLTDLKGPGPIEKL L. Business Diversification
¾ &RQRWZJ2B.GP3SIPL;ETOL4KLVD4BEVTEKLT. ¾ Mutual Fund: During FY’17, the Bank mobilized total

amount of `4545 crore, Asset under Management (AUM)
EIERZKLGLUR7LC;WL4KÈDBGSWLG-SL8BEKLT.KHIGU6HLTBVT
stood at `814 crore and brokerage earned was `4 crore.
EKLT.ELD[LTEKTUWGU;SGEL"
28
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
¾ DIFLELKLTDLK ¾ Insurance Business
UIPV DIFL ELKLTDLK GP3SI PL; ET OL4KLV D4BE 1. Life Insurance Business: Bank’s earnings from Life-
^LKLDLTºLKIOU;EKSTHR GP3SPL;ETEKLT. Insurance business during FY’17 amounted to `110
crore as against `86 crore during FY’16, showing
EISRZVLFTBEKLT.WGU;SGE Y "D4BE^LKLUIPV
growth of 28%. Total Business mobilized under Life
DIFLELKLTDLKET WLK&)LMT WDSEJL8GZGMLTB MT Insurance since inception was `4152 crore from
EKLT.ELERZELKLTDLKUR7LLYLH4WL4KCMÈELK 566667 policies and thus total earnings amounted to
ERZWGU;SWLEKLT.KHI" `358 crore.
Y4KUIPV DIFL ELKLTDLK GP3SI PL; ET OL4KLV 2. Non-Life Insurance Business: The revenue earned
PAGOU; EKST HR KLU-PWGU;SWLGP3SPL; ET during FY’17 was `28 crore as against `25 crore during
EKLT.EISRZVLFTBEKLT.KHI"D4BEVTE-7FLC5. FY’16, showing a growth of 15%. Under ‘PNB-Oriental
-PL-'DIFLJL8GZMI>JI VDIWLTGK B7ZKL8ZFTG.EZTFFTB Royal Mediclaim’, a customized health insurance
GP3SIPL;ETOL4KLVGP3SIPL;ETEI policy, 181913 policies were sourced during FY’17 as
SRZVLFTBJL8GZGMLTBEIGD¹IEI" against 158175 policies sourced during FY’16.
¾ G.JL8GU7KIMTPL BGP3SIPL;ETOL4KLVD4BEVTG.JL8GU7KI ¾ Depository Services: The Bank earned an income of

MTPL BÈOLVEKZLvWLWGU;SEI" `76 lakh during FY’17 for providing Depository Services.
¾ WL8V ZLCV 7TG.BY MTPL B GP3SI PL; ET OL4KLV WL8VZLC;V ¾ Online Trading Services: An income of `28 lakh was
7TG.BYYGSGPGLTBETJ2Z-PJCVMHLTGYLTBMTZLvEI received from Associates on account of Online Trading
WLÈL*SEIYC;" Activities during FY’17.
Merchant Banking: During FY’17, the Bank handled

¾ FQ;4B7 D4BGEBY GP3SI PL; ET OL4KLV D4BE VT EI ¾
more than 454000 Application Supported by Blocked
WPKLGLPLZTFLFZLTBET PUFTBWPKLGL Amount (ASBA) applications against 85 issues, blocking
^LKLMFG'L;SWLPTOVLTB ELMFLLVGELYLWL4KEKLT. an amount of `2597 crore and earning Notional Income
MTWGEEIEG:JSWLWGU;SEI" more than `6.15 crore.
¾ ¹TG.7EL.;M)LIMLP;UGVE\LTLETD4BELTBFTBHFLKTD4BEVTMDMT ¾ Credit Card: Among the PSBs, the Bank is the largest
WGE¹TG.7EL.;ULKIGE WL4KGP3SIPL;FTB¹TG.7EL.; issuer of credit cards and achieved a growth rate of 31%
ULKIEKVTFTBEIPAGOU;EI"D4BEVT¹TG.7EL.;EIMRK\LL in issuance of credit cards in FY’17. To enhance the
ELTDLVTETGZ GJVETML'LC; FPIGQJEL.;ULKIGE "¹TG.7 security level of Bank’s credit cards, EMV Chip cards with
EL.;ULKIEKVTETJ2Z-PJD4BEEILR:EWLLGKSWLDEK PIN were issued. As a result of issuance of credit cards,
EKLT.HLTYC;" the Bank’s fee based income increased to `14 crore.
● JI VDIGUVI>MRGPLWLTB MT )LKT E TJEILRWLSEI ● PNB Genie, an app full of features was launched.
YC;"HEL.;LKELTBETGZ GMBYZJLTCB7.T-7IVTLVETJ It will act as single point destination for cardholders
FTBEL;EKTYLGUMMTPTWJVTJI VDI¹TG.7EL.;ELTMHU to operate their PNB Credit Card seamlessly and
WL4KJKTLLVIKGHSSKIETMTMBQLGZSEKJL BYT" without hassles.
● JI VDIVTLVZCZT%7L8GVE7LTZMBY[HJI VDIJ2L-74Y ● PNB National Electronic Toll Collection: PNB

EL;¹F VJIMIWLC; ^LKLLRGE Y KL7ICZT%7L8GVE FASTag program is part of National Electronic Toll
Collection (NETC) initiative rolled out by NPCI.
7LTZMBY[H VC;7IMI
JHZELGH-MLH4"J2L-74Y EMKZ>
FASTag is a simple to use, reloadable tag which
JRV ZLT. EKVT LT9 74Y H4 ULT 7LTZ LR:E ET -PQLGZS
enables automatic deduction of toll charges
E7L4SIELTM\LFDVLSLH4"
¾ FQ;4B7WGY[HLELKLTDLKD4BEVTJIWLT M-'LLGJSGE ¾ Merchant Acquiring Business: The Bank installed
WL4KCB7KVT7JTBFTB7YT7PTEL EIEKLGEL" 38841 PoS terminals and integrated 217 Internet
Payment Gateways.
F MKELKIELKLTDLK
M. Government Business
D4BEVT )LLKSJLT-7JTFTB7D4BE WLC;JIJIDI
ET ML'L)LLYIOLKIEIWL4K The Bank partnered with India Post Payments Bank (IPPB)
KL8BQIWL4KKLJRKETWJVTELL;ZLTBFTBÈD6EIMHLTYETML'LSEVIEI and provided technology platform alongwith managerial support
FBQÈOLVGEL" at their offices opened in Ranchi and Raipur.
29
MKELKET GZ $LUM$MI.I>FLGU;VFVI>MIUI7I F MC; LR:EWLGO Centralised on-line Collection & Disbursement (COCD)
MBY[HHTSRET6ÇI²SWL8VZLC;VMBY[HWL4KGPSKLJLT7;Z MIWLTMI.I
Portal was developed for the Government for collecting Interest
subsidy, Margin Money, CGTMSE Fee, etc. This facility will also
ELTGPEGMSGELYL"CMMRGPLMTDRVEKLTBELTNVETvLSLTBFTBS3ELZ benefit weavers to get instant Margin Money Credit directly to
FLGU;VFVIUFLEKVTELZL)LGFZTYL"W6.PZT*FTB7GV&VLVRMLKH4B their accounts. Other developments are as under:
VC; JTBLV LTUVL ELT WL8J2 ZLCV FLÉF MT MG¹ EK GOL YL 1. New Pension Scheme (NPS) was made live in off-
H4 W'LL;3L WLPTOV LLvLWLTB ET FLÉF MT MBY[H GEL UL YL> ULT line mode i.e. application will be collected through
JIWLTJI MJI *PLCB7WL8J2ÈTUTBMMTPLÈOLSL
ET JFTB EL; the Branches which are acting as POP-SP (Point of
EKKHIH4" Presence–Service Provider).
PS;FLV ÈLV -'LLI MTPLGVPAGºL vLSL MB<L

LKELTB ET VJI M 2. NPS contribution was made live through on-line mode for
existing PRAN (Permanent Retirement Account Number)
LTYOLVELTWLVZLC;VFLÉFMTMG¹EKGOLYLH4"
holders.
WL8VZLC;VELT.ETFLÉFMTC;;JI J2WLTMBY[HGELYLWL4KWLEK
3. EPFO collections were made live through on-line mode
GK7;V)LKVTETGZ CZT%7L8GVEM3LJVELT.MG¹GELYLH4" and generation of Electronic Verification Code (EVC) for
D4BEET MF-SY[LHELTB ELT )LLKSMKELKELT NVET DELL EKELT Income Tax return filing.
/LT.EKW6
EL)LRYSLVEKVTETGZ Y4KEKKLU-PJLT7;Z V7I 4. Non-Tax Revenue Portal (NTRP) was introduced to
WLKJI
EIMRGPLEILRWLSEIYC;WL4KWLC;DI METFLÉFMT facilitate all banks’ customers to pay their dues (other
WL8J2ZLC;VWL4KWL8VZLC;VOLTVLTB
C%PZLCUTLVZTPIEL)LRYSLV than taxes) to GoI and Payment of Equalization Levy
GELYL" through IBS (Online and Offline - both).
JTBLVGPSKLFTBO\LSLZLVTETGZ GV&VGZGvSMRGPLWLTBEILRWLS 5. To bring efficiency in pension disbursement, following

facilities were introduced:
EIYC;
● Pension slips were made available in the pension
● JTBLVMP;KFTBJTBLVJQI;NJZ$EKLC;YC;" server.
● .IWLC; PIGO:ZIE4B7WL4KQL8BOIFG6OKQB.IY FTB C;ZL8DI ● An e-lobby cum veteran facilitation centre was
MHGPSKLMRGPLET6Ç-'LLGJSGELYL" set up at DiAV, Delhi Cantt. & at Chandimandir,
Chandigarh.
● JIMI.I VT ET6ÇI²SJTBLVÈLTMTGMBYE\L-'LLGJSEKVT ET
● PCDA allocated space for setting up Centralized Pension
GZ NVETCZLHLDLOETE4&JMFTB-'LLVGOLH4"
Processing Cell (CPPC) at Allahabad in its campus.
V 7TUKIJGKQLZV N. Treasury Operations
FLQ;SEMEZGVPTLFLQ;ETEKLT. MTDEK Gross Domestic Investment as on 31st March’17 stood at
EKLT. HLT YLWL4KCMFTB EIPL;OKPL; PAGOU; EI `183297 crore up from `154727 crore as on 31st March’16 and
YC;"FLQ;ETWL4MSGVPTLGJ/ZTPL;CMIWPGETOL4KLV registered a YoY growth of 18.46%. The average investment as
ET PUFTB EKLT. 'LL"GP3SIPL; FTB GVPTLJLT7J; 2LTGZLT MT on 31st March’17 was `175774 crore as against `162548 crore
in the corresponding period last year. Interest income from
$LUWLGP3SIPL;ET>EKLT. MTDEK>EKLT.
investment portfolio increased from `11935 crore for FY’16 to
HLTYL"GP3SIPL;FTB ERZ7GT .BYWL .TGKPTG7PMGHS
GP3SIPL; `12439 crore for FY’17. Total Trading Profit (including derivative)
ETEKLT. MTDEKEKLT. HLTYL" increased from `999 crore for FY’16 to `2654 crore for FY’17.
GVGQSWL M ZWLK! V M ZWLK

GP3SIPL;ET OL4KLV Fixed Income (SLR/NSLR): During FY’17, Bank booked a
D4BEVTGVGQSWLFTBGVPTLEIGD¹IMTGJ/ZTPL;CMIWPGETOL4KLV Trading Profit of `2214 crore from sale of investments in fixed
EKLT.EISRZVLFTBEKLT.7TG.BYZL)LOU;GEL" income up from `504 crore during the corresponding period of
previous year.
CG%P7ID4BEVTCG%P7IMYFTB7FTBEKLT.WLWL4KZL)LLBLWL
Equity: The Bank booked `168 crore Trading Profit in Equity
EKLT.OU;GEL" segment and Dividend income of `96 crore.
J2LTKT%MGP3SIPL; ET OL4KLVLRGPOTLIFRÇLWLGP3SIPL; Forex: Net Forex income decreased from `1320 crore during
ET EKLT. EI SRZVL FTB L7EK EKLT. HLT YL" FY’16 to `1155 crore during FY’17. However, Exchange Profit
HLZLBGEGP3SPL;FTB %MQTBUZL)LETEKLT.MTDEK from treasury operations increased from `386 crore in FY’16 to
`547 crore in FY’17.
EKLT.HLTYL"
30
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WLT Y[LHEMTPL O. Customer Care
Y[LHEMTPLFTB MRLKHTSR GPºLIPL; ET OL4KLVEIYC; JHZLTB FTB Initiatives undertaken during FY’17 for improvement in customer
service included:
LLGFZH4B
● Four Sub-Committee meetings were conducted.
● QLKNJMGFGSEID4#ELTBELWLLTUVGELYL"
● The Standing Committee on Customer Service held four
● Y[LHEMTPLJK-'LLIMGFGSVTQLKD4#ETBWLLTGUSEIYC;" meetings.
● D4BEET WGELGKLTB VT JXKT )LLKSEILLvLWLTB FTB YR*SOL4KT ● Officials of the Bank made 1353 incognito visits to
GE "GPGUG7BYWGELGKLTB^LKLDSLC;YC;EGFLTBELTOXKEKVTHTSR branches pan India. Circle Offices took corrective steps
FB.ZELL;Z^LKLMRLKL3FEEOFN#L Y " to plug the loopholes pointed out by the visiting officials.
JLKOGL;SLDVTMTGPºLIPL;ETOL4KLVÈL*SGLELSLTBEIMB<L Due to increased transparency, the number of complaints
GPºLIPL;ETMTDEKHLTYC;"WÈ4Z received during FY’17 increased to 35257 as compared to
SEERZGLELSTBGVJ7LVHTSRLTLH4WL4KERZGLELSLTB 29654 complaints received during FY’16. 217 complaints
were outstanding as on 01.04.2016 and out of total number of
FTBMTGOVLBESEGLELSLTBELGVJ7LVEKGOL
35474 complaints, 35159 complaints were redressed as on 31st
YL"ELT GLELSTB ZBGDS'LIB>GUVELWDGVJ7LV March’17. The number of complaints pending as on 31.03.2017
GELULQRELH4" was 315 which have since been resolved.
GPºLIPL; ET OL4KLVD4BGEBYZLTEJLZELL;ZVT OLT GVL;JLGKS Two awards were passed by office of the Banking Ombudsman
GE "WJIZIÈLGEKLETJLMCVOLTVLTBWPL.;ETGPWJIZOLK during FY’17. Appeals were filed against the two awards.
Appellate Authority has set aside one award passed by Banking
EIYC;"WJIZIÈLGEKLVT D4BGEBYZLTEJLZELVJRK^LKLJLGKS E Ombudsman, Kanpur while decision is pending under second
GVL;ELTFR:SPIKvLH4UDGEOXMKIWJIZETSHSGVL;ZBGDSH4" appeal.
JI KLU)LLLLVIGSELELL;6PV P. Implementation of Official Language Policy
)LLKSMKELK>YAHFBLLZ>KLU)LLLLGP)LLY>^LKLGPºLIPL;ETGZ For FY’17, the Bank achieved all the targets in the parameters
GVL;GKSFLVOB.LTBETM)LIZ\LTBELTÈL*SEKGZLYLH4" fixed by the Govt. of India, Ministry of Home Affairs, Department
of Official Language.
GPºLIPL;ETOL4KLV>D4BEELTGH6OIETÈLTYFTBN3²7ÈOL;VET
During FY’17, the Bank received more than 120 awards for
GZ MTWGEJRK-ELKÈL*SHR >GUVFTBER/M&FLVIJRK-ELKU4MT its excellent performance in the use of Hindi which included
)LLKSMKELKEIMPL;T1QJRK-ELKLTUVLKLU)LLLLEIGS;JRK-ELKMGHS prestigious Rajbhasha Kirti Shield – a top most award scheme
)LLKSIGKUP; D4BEKLU)LLLLLI:. ?E PB ?Y\LTLFTB ÈLT3MLHV PB of Govt. of India, besides RBI Rajbhasha Shield (Consolation
?v\LTLFTBSASIJRK-ELKWL4KG^)LLGLEJGLEL+TLIFTBJI VDIÈGS)LL Prize in region ‘A’ & ‘C’, Third Prize in region ‘B’ and Second
ELT G^SI JRK-ELK
S'LL YAH FBLLZ ET \LTLI-SK ET W6 JRK-ELK Prize for PNB PRATIBHA in Bilingual Magazine Category) and
LLGFZH4B" other Regional Level Awards of Ministry of Home Affairs.
PL; ET OL4KLVWLLTGUSGPG)L6VÈGSLTGYSLWLTB ET SHSÈL*SZTvLTB Articles received under various competitions organized during
ELT?JI VDIÈPLHMU;VETV WLLFJR-SEETFLÉFMTMBEGZS the year 2016, were compiled in the book ‘PNB PRAVAH-
Sarjna Ke Naye Aayam’.
EKÈELGLSGELYL"
%X JI VDIWVRLBGYLB PB\LTLIY[LFILD4BE Q. PNB’s Subsidiaries and Regional Rural Banks
JI VDIGY:7_MGZGF7T. a. PNB Gilts Limited
JK JI VDI GY:7M GZ FTB D4BE EL -PLGF3P H4" The Bank has an ownership of 74.07% in PNB Gilts Limited as
GPºLI PL; ET OL4KLV> E&JVI VT ÈL'LGFE PB YL4L OLTVLTB DLULKLTB FTB on 31.03.2017. During FY’17, Company fulfilled all its obligations
EÈL'LGFE.IZKET JFTB WJVT MF-SOLG3PLTB ELT JXKLGEL"PL; as a Primary Dealer in both primary and secondary market.
ET OL4KLV> EK JXP; NMEL ZL)L EKLT. KHL> ULT WD SE MDMT During the year, its Profit before Tax stood at `257 crore, which
WGEH4"CMVTJLT7;J2LTGZLTBEIDSIQGV;BYETELKLEKLT.EL is the highest since inception. It made an impressive Trading
È)LLPLLZIELKLTDLKIZL)LÈL*SGEL>GUMETJGKLLF-PJGPºLIPL; Profit of `186 crore due to increased churning of portfolio which
ET ZLvEKLT. ET FRELDZT YL4LDLULKELERZÈ3\LELKLTDLK led to total secondary market outright turnover of `6.5 lakh
ZLvEKLT.HRWL" crore as against `3.8 lakh crore in FY’16.
31
DI JBULDV4LVZD4BECB7KVTLVZGZGF7T. JI VDIWLC; Z
b. Punjab National Bank International Limited (PNBIL)
JI VDIWLC; Z JBULD V4LVZ D4EB ET JXL; -PLGF3P PLZI MHLE EBJVI PNBIL is a wholly owned subsidiary of Punjab National Bank.
Total Business of the Company decreased from $2,834 million
H4" EBJVI EL ERZ ELKLTDLK ET $> GFGZV MT L7EK as at 31st March 2016 to $2,212 million as at 31st March 2017,
ELT$>GFGZVKHL>GUMFTB MFTEVETELKLPL;OKPL; a year-on-year decrease of 21.95% due to the consolidation
EIEFIHRC"; exercise undertaken.
GPºLIPL; ET GZ ÈLPLV>EKS'LLZL)LLBLET JXP; JGKQLZVZL)L The Operating Profit before provisions, tax and dividends for
L7EK GPºLI PL; ET $ GFGZV EI SRZVL FTB $ FY’17 decreased by 47.26% to $20.05 million from $38.26 million
GFGZVKHL"ERZWL$GFGZV
L7EK$GFGZV in FY’16. The Total Income decreased by $19.16 million (35.20%)
MT$GFGZVHLTYL"LR$LUWLFTB $GFGZVWL4KLR from $54.43 million to $35.27 million. Net Interest Income fell
7GT .BYWLFTB $GFGZVEIGYKLP7WLC;"GV&VWLET J2Z-PJ by $12.59 million and Net Trading Income by $6.65 million. The
HLGVFTB FLFXZIEFIWLC;CMETDLPUXOWLWVRJLS0MTDEK expenditure to income ratio increased to 43.16% from 29.71%
HLTYL" despite slight reduction in cost due to lower income.
MEZC&JL.;WGY[F$GFGZV PL;FTB $GFGZV

Gross impaired advances increased to $299.39 million ($144.99
SE DLGUMETELKL$GFGZVELWGSGKºL2C&JL.;ÈLPLVLTB EI million in 2016) leading to additional impairment provisions
0P-'LLEIYC;"GVPZC&JL.;WGY[FGPºLIPL;ET$GFGZV of $153.39 million. The net impaired advances increased to
MTDEKGPºLIPL;FTB $GFGZVHLTYL"CMETJGKLLF-PJ $40.83 million in 2017 from $36.37 million in 2016. As a result,
EBJVIVTEKJXP; $GFGZVVREMLVEI LLTLLLEI" the Company declared a loss before tax of $133.34 million.
FLQ; ELT EBJVIELMIWLK WLKKHLS'LLW6M)LI The Company had a CRAR of 21.70% as on 31st March’17, and
MIC;7I PB G7K GPGVLFE JXBUI WLPESLWLTB ELT JXKL GEL YL" met all other CET1 and Tier 1 regulatory capital requirements
JI VDIVT$GFGZV.L8ZKELGVPTLGEL
(PNB infused $100 million).
MI JBULDV4LVZD4E
B C6PT-7FT67MGP;MU
T GZGF7T. JI VDIWLC; M Z
c. Punjab National Bank Investment Services Limited
(PNBISL)
JI VDIWLC; M ZFTBJI VDIEL-PLGF3PH4"FLQ;ELTMFL*S
HR PL;ETOL4KLV>EBJVIVTEKLT.EILR:EWLLGKSWLMGHS PNB has 100% ownership in PNBISL. During the year ended
EKLT. EIERZWLWGU;SEIH4"FLQ; ELT MFL*SHR March’17, the Company earned fee based income of `9.03
WPGETOL4KLVEKJXP;ZL)LFLQ;ELTMFL*SHR WPGET crore with a total income of `12.14 crore. Profit before Tax for
EKLT.ETFRELDZTEKLT.KHL" FY’17 stood at `6.33 crore as against `6.12 crore for FY’16.
.I .EJI VDID4BEGZGF7T.)LX7LV d. DRUK PNB Bank Ltd. Bhutan
.EJI VDID4BEGZGF7T.FTB JI VDIEL-PLGF3PH4"PS;FLVFTB PNB has 51% ownership in DRUK PNB Bank Ltd. Bhutan. The
Bank is currently operating with a network of 6 branches and
D4BELLvLWLTBS'LL 7I FVT7PE;ETFLÉFMTJGKQLZVEKKHL 18 ATMs. Profit of the Bank increased from `22 crore during
H4"D4BEELZL)LPL;OKPL;EIPAGELTOU;EKSTHR GPºLI FY’16 to `25 crore during the FY’17, showing a YoY growth of
PL;ETEKLT.MTDEKGPºLIPL;FTBEKLT.HLTYL" 15.25%. Total Business of the Bank stood at `1435 crore, as
D4BEELERZELKLTDLKSEEKLT.KHL"D4BEELELML on 31.03.2017. CASA Ratio of the Bank stood at 57.38% as on
SEKHL" 31.03.2017.
D4BEEIMEZY4KGVJLOELWVRJLS VJI Z
ET Gross Non Performing Loans (NPL) Ratio of the Bank decreased
to 3.30% as on 31.03.2017 from 3.96% as on 31.03.2016. The
MT L7EKFTB HLT YL"SED4BE Net NPL ratio of the Bank stood at 1.99% as on 31.03.2017.
EIGVPZ VJI ZWVRJLSKHL"SEWLKWLTC; The Return on Equity (ROE) as on 31.03.2017 stood at 15.99%
KHIS'LLELTÈGSLTKWU;VÈGSLTKKHL" and Earning per share was `3.92 as on 31.03.17.
C; JI VDIHL¦GMBYJ2LC;VTBMGZ JI VDI Q J2 Z

>D4BEEI e. PNB held 51% share in PNB Housing Finance Ltd
WVRLBYI FTB JI VDI EL LTK H4" CMET DLO> ELT (PNBHFL) a subsidiary of the Bank. Subsequent, to the IPO of
JI VDI Q J2 ZETWLC;JIWLTFTBJGKPGS;SHLTEKHLTYL" PNBHFL on 06.11.2016 this changed to 39.08%
J2 \LTLIY[LFILD4BE f. Regional Rural Banks
PS;FLVFTB>D4BE^LKLJLBQWLKWLKDIÈLLTGUSH4BTWLKWLKDIJLBQKL5LTB At present, five RRBs are sponsored by the Bank. These RRBs
are operating in five States, namely, Bihar, Haryana, Himachal
GDHLK>HGKLLL>GHFLQZÈOTL>JBULDWL4KNºLKÈOTLET GUZLTB FTB
Pradesh, Punjab and Uttar Pradesh covering 75 districts with a
LLvLWLTBETVT7PE;ETML'LEL;EKKHTH4B" network of 2386 branches.
32
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
¹MB \LTLIY[LFILD4BE!W6MHLTGYLTETVLF -PLGF3PEL S.N Name of Regional Rural Banks / Other Proportion of
WVRJLS Associates Ownership

(%)
FÉGDHLKY[LFILD4BE>J7VL 1 Madhya Bihar Gramin Bank, Patna 35
MP;HGKLLLY[LFILD4BE>KLTHSE 2 Sarva Haryana Gramin Bank, Rohtak 35
GHFLQZY[LFILD4BE>FB.I 3 Himachal Gramin Bank, Mandi 35
JBULDY[LFILD4BE>EJXK'LZL 4 Punjab Gramin Bank, Kapurthala 35
5 Sarva UP Gramin Bank, Meerut 35
MP;NÈY[LFILD4BE>FTK#
The aggregate paid-up capital of these Regional Rural Banks is
CV \LTLI Y[LFIL D4BELTB EI ERZ JT.WJ JXBUI EKLT. H4 ET6Ç `199 crore. Central Government, State Governments and PNB
MKELK>KL5MKELKTBWL4KJI VDIVT¹FLETWVRJLSFTBCV contributed in paid-up capital of these RRBs in the ratio of
\LTLIY[LFILD4BELTB ET JT.WJJXBUIFTB LTYOLVGOL"CV\LTLIY[LFIL 50:15:35 respectively. The Bank’s contribution towards capital
D4BELTB EIJXBUIFTB D4BEELLTYOLVEKLT. H4"FLQ;>ELT of these RRBs is `69.76 crore. The combined Networth of
RRBs as on 31st March’17 is `3479 crore.
WLKWLKDIEIMBRºL2GVPZMBJGºLEKLT.H4"
Performance of RRBs as on 31.03.2017
SE\LTLIY[LFILD4BELTBELEL;GVJLOV
KLGLEKLT.FTB
(Amt. in `crore)
\LTLIY[LFILD4BELTBELEL;GVJLOV PL;OKPL; 31st 31st YoY

FLQ; FLQ; PAG Performance of RRBs March’16 March’17 Growth
%
MFTGESUFL 33492 40092 19.71 Aggregate Deposits 33492 40092 19.71
MFTGESWGY[F 19832 21792 9.88 Aggregate Advances 19832 21792 9.88
MFTGESLRZL)L 286.21 279.96 -2.18 Aggregate Net Profit 286.21 279.96 -2.18
MIDIMILLvLWLTBETWBSY;S 100% 100% Branches under CBS 100% 100%

3.28 3.13 -4.57 Profit Per Employee (` lakh) 3.28 3.13 -4.57
ÈGSEF;QLKIZL)L ZLvFTB
HLGVFTBQZVTPLZILLvLWLTBEIMB 84 127 No. of Loss Making Branches 84 127

FLHLCMMTWGEJRKLVI
(being 12 month old or more)
WLK JRK-ELKWL4KM&FLV R. Awards and Accolades
GPºLIPL;ETOL4KLV>JI VDIELTNMETEL;GVJLOVWL4KJHZLTB During FY’17, in recognition of its performance and initiatives,
ETGZ WVTEJRK-ELKÈL*SHR GUVFTBMTER/GV&VLVRMLKH4B PNB received various awards, some of which are:
MIWLC; F M FC; ^LKL MPL;T3SF F M FC; D4BE JRK-ELKGPUTSL 1. Best MSME Bank Award-Winner (Large Category) by
D.I+TLI
CIMSME.
ZLTEN]FMB-'LLV>H4OKLDLO WLC;JIC;

^LKLMSE;SLMTPLN3²7SL 2. Vigilance Service Excellence Award 2016-17 by Institute
JRK-ELK of Public Enterprises (IPE) Hyderabad.
GD7-7IFFIG.LP%;MÈLGZ^LKLQLKVLT.%Z-7KETGZ WLPTOV 3. BFSI Tech Maestro Awards 2016 in Application category
+TLIFTBDI J2 MWLC;7TEFTC;-7LTJRK-ELK for four node cluster by Bitstream Mediaworks Pvt. Ltd.
VTLVZ JTFTB7 EL8JL;TKTLV WL8J2 CBG.L VJIMIWLC;

^LKL WLLK 4. National Payments Excellence Awards 2016 for Aadhaar
M\LF)LRYSLVÈLLZI C;JI M
ETGZ KL7I)LRYSLVN3²7SL Enabled Payments System (AEPS) by National Payments
JRK-ELK Corporation of India (NPCI).
WLN7ZRE FVI WPL._M; WLN7ZRE FVI ^LKL GL\LL L 5. Outlook Money Awards 2016- Education Loan Provider
ÈOLSL NJGPUTSL
(Runners Up) by Outlook Money.
MIWLC; F M FC; ^LKL MI MWLK JHZ PB ELKLTDLK N3SKOLG3P 6. CSR Initiatives & Business Responsibility Award-Runner-
JRK-ELKNJGPUTSL D.I+TLI
Up (Large Category) by CIMSME.
M D4BEEI)LLPIELKLTDLKILTUVL S. Future Business Plan of the Bank

FUDXS0LJEWLG'L;EG-'LKSLEIJA#)LXGFET MLJT\LFTB>GPFRÇIEKLVT Against the backdrop of robust macroeconomic stability,
'LLT.TMFETGZ GPELMEIYGSELTKLTEGZL"MKELKIMRLKNJLLTB demonetization derailed the growth momentum partially. With
33
MT>]GJM)LI\LTLLTBFTBWPMKLTBEIPAGHLTVTEIWJT\LLEIULSIH4"D4BE the Government reforms measures, however, opportunities
VT EQRVL4SIJXL;G-'LGSFTBW1/LÈOL;VGELH4"WLG-SLTBEIYRLPºLLFTB across all segments are expected to increase. The Bank did
well in a challenging situation. The asset quality improved but
MRLKHRWLH4ZTGEVZL)LÈOSLS'LLLW6D.IQRVL4GSLTBETJFTB profitability and credit emerged as other big challenges. The
MLFVTWL H4B"D4BELTKLKELTBELTWGEGPSKLEKVTETGZ MLºL2H4 Bank has the potential to deliver more to the shareholders and
S'LLGPSKLEI\LFSLHTSRGPºLIPL;ETGZ KLVIGSDVLC;YC;H4" the strategy for FY’18 is designed to deliver that potential.
WLYLFIPL; ET GZ >LPAGWL4KWLG-SYRLPºLLELT DLVL>ULTGvF For the next year, the focus areas and objectives would be
)LLGKSWLG-SLTBWL4KZLYSLTBFTBEFIZLVL>ELMLPAGEIYGSELTDVL profitability with stable growth, improvement in asset quality,
reduction in risk-weighted assets, sustenance of CASA growth
KvVLWL4KY[LHELTBEIWLPESLWLTB PBELKLTDLKETDIQWGESLZFTZ momentum and acceleration in pace of digitalization to align
DVLVTETGZ G.GU7ZIEKLEIYGSFTBSTUIZLVLJ2LTEM\LTLS'LLNÎT businesses more closely around the needs of the customers.
HLTBYT"LET GZ >D4BEW;LHKIS'LLY[LFIL\LTLZG\LSKHTBYT>UHLB For credit, the Bank will target semi-urban and rural areas
D4BEEIFH3PJXL;NJG-'LGSH4BS'LL F M FC;>²GL>vROKLWLGOFTBZ LR where the Bank has significant presence and focus will be on
WGY[FLTBJKJ2LTEMKHTBYT"FLLL3FEMB<LWLTBEIWJT\LL YRLL3FEvLSLTBELT small ticket advances in MSME, Agriculture, Retail, etc. The
focus will continue to be maintained on getting qualitative
ÈL*SEKVTJKJ2LTEMULKIKvLUL YL" accounts rather than quantitative numbers.
D4BE WJVT Y[LHELTB SE JHRQVT ET GZ SEVIE DOZ KHT H4B" WGESK Technology is transforming the way Bank reaches its customers.
Y[LHE-FL7;J2LTV>Z4J7L8J>74DZT7WL4KW6FLTDLCZNJEKLLTBETFLÉFMT Increasingly, customers connect with the Bank through smart
D4BEMTUR.TH4B"H EWPMKH4GUMELZL)LN#LVTETGZ HFÈGSD phones, laptops, tablets and other mobile devices. This is an
H4B"WLBSGKEÈG¹LWLTBETG.GU7ZIEKLETFLÉFMTD4BEMFELTEF opportunity we are determined to avail. The Bank through
digitization of internal processes will bring in benefits of reduced
EKVT>WJPLOFTBEFIS'LLEFZLYSETZL)LOTYLGUMETJGKLLF-PJ cycle time, fewer exceptions and lesser costs resulting in greater
O\LSLFTBPAGHLTYI"ML'LHI>FL4UXOLJGKG-'LGSLTBFTB>G.GU7ZIEKLJIWLT M efficiency. Also, under present circumstances digitalization
FLIVLTB ELT -'LLGJSEKVT>V ¹TG.7WL4K.TGD7EL.;>C;JM; C3LGOELT offers business potentials in terms of installing POS machines,
È-SRSEKVTETMBO)L;FTBELKLTDLKI\LFSL BÈOLVEKSLH4" introducing new credit and debit cards, e-wallets, etc.
WLYT>HFGPºLIPL;ELTW6QRVL4GSLTB ETPL;ETJFTB OTvSTH4"HFLKI Looking ahead, we see FY’18 as another year of challenges,
of disciplined implementation of our Strategy to build on the
KLVIGSWVRLLGMSG¹L6PVET ML'LDTHSKGPELMWL4KN1QZL)LÈOSL momentum and make decisive progress towards better growth
EIGOLLFTB YGSGVFL;LEKVLH4"E4LZTMW'L;0P-'LLELT ÉLVFTB KvST and higher profitability. With focus on cashless economy, Bank
HR >D4EB GVKBSKMRLKEKTYLS'LLÈ3TEELKLTDLKIEIWLPESLETGZ will constantly innovate and come up with faster solution for
STUIMTMFLLVEKTYL"WLLLH4GEGPºLIPL; E TMLPL;HLTYLUHLB every business need.Hopefully, FY’18 will be a year where the
Bank will take a quantum leap when it comes to digitalization
G.GU7ZIEKLWL4KGK7TZET\LTLFTB FUDXSDSDVL YLWL4KCVG.GU7Z and retail and will emerge as PNB Retail Express on Digital
ZLCVLTB JKJI VDIGK7TZ %MÈTMETJFTB N)LKEKMLFVTWL YL" lines.
7I GVOTLELTBETNºLKOLG3PEL$L4KL T. Directors’ Responsibility Statement
FLQ;> ELT PL; ET MFLJV JK PLGL;E ZTvL EI S4LKI FTB The Directors confirm that in the preparation of the annual
GVOTLEYLJRG7EKSTH4 accounts for the year ended 31st March’17:
¾ ZTvLFLVELTELJLZVGELYLH4WL4KFH3PJXL;GPQZV>GO ¾ The applicable Accounting Standards have been followed

ELTC;H4>ETMBDBFTBNGQS-J7IEKLGOLYLH4@ along with proper explanation relating to material
departures, if any;
¾ )LLKSIGKUP;D4BEETGOLLGVO;TLLTBETWVRMLKDVLC;YC;ZTvLVIGSLTB
¾ The accounting policies, framed in accordance with the
ELGVKBSKWVRJLZVGELYLH4@ guidelines of the Reserve Bank of India, were consistently
applied;
¾ 'LLTGQS PB GPPTEJXL; GVL; S'LL WLEZV GE Y H4B SLGE
GPºLIPL;ETWBSFTBD4BEETELL;TEIG-'LGSS'LLFLQ; ¾ Reasonable and prudent judgment and estimates were
ELT MFL*SHR PL; HTSR D4BEET ZL)LELT MHI PB -J7JMT made so as to give a true and fair view of the state of
OLL;LULMET" affairs of the Bank at the end of the financial year and of
the profit of the Bank for the year ended 31st March’17;
¾ )LLKSFTBD4BELTBETMBQLZVJKZLYXELVXVLTBETÈLPLVLTBETWVRMLK
¾ Proper and sufficient care was taken for the maintenance
JL;*S ZTvL WG)LZTvLTB ELT NGQS PB JL;*S MLPLVI ET ML'L of adequate accounting records in accordance with the
DVLLYLH4@S'LL provisions of applicable laws governing banks in India,
and;
34
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
¾ CVZTvLTB ELT ?YLTCBYE6MV;WLLGKSGMLBSJKS4LKGELYL ¾ The accounts have been prepared on the principle of
H4" “going concern” basis.
X WL)LLK U. Acknowledgement
The Board expressed thanks to the Government of India,

WJVL DHRFX: MHLTY PB MSS MBK\LL ÈOLV EKVT S'LL CMFTB WJVL Reserve Bank of India, Securities and Exchange Board of
GPPLMDVL KvVT ET GZ GVOTLEFB.Z)LLKSMKELK>)LLKSIGKUP; India, Stock Exchanges, Bank’s customers, public and the
D4BE>)LLKSIÈGS)LXGS PBGPGVFDLT.;>-7L8E %MQTBU>D4BEETY[LHELTB> shareholders for valuable support, continued patronage and
WLFUVSLS'LLLTKLKELTBELWL)LLK0ºL2EKSLH4" confidence reposed in the Bank.
DLT.; M)LI-SKLTB JKEL;KS-7LJ2MO-LTB ^LKLGE Y DHRFX:LTYOLV The Board wishes to place on record its appreciation for the
valuable contribution made by the members of the Bank’s staff
HTSRGVOTLEFB.ZNVEIÈLBMLEKSLH4S'LL)LLPIZ\LTBELTÈL*SEKVT at all levels and look forward to their continued involvement in
FTBNVEIWVPKSMH)LLGYSLEIWLLLEKSLH4" achieving the future goals.
²STGVOTLEFB.Z For and on behalf of Board of Directors
MRVIZFTHSL Sunil Mehta

Managing Director& CEO
ÈDBGVOTLE PBMIC;WLT
35
ÈDBVJGKQQL; PBGPZTLL MANAGEMENT DISCUSSION & ANALYSIS
WL4]LTGYEMBKQVL PBGPELM a. Industry Structure & Developments
)LLKSID4BGEBYN]LTYFTBPLGLG5ED4BE MLP;UGVE\LTLETD4EB >GVUI\LTL Indian banking industry comprises of Commercial Banks
(Public Sector Banks, Private Sector Banks and Foreign
ET D4BEWL4KGPOTLID4BE
>MHELKID4BES'LL\LTLIY[LFILD4BELLGFZ Banks), Co-operative Banks and Regional Rural Banks. To
H4B"D4BGEBYJGKQLZVEIJHRBQELTWGEGP-SASEKVTHTSR>)LLKSIGKUP; further extend the reach of banking operations, the Reserve
D4BEVT/LT7TGPºLID4BE>)LRYSLVD4BES'LLXGVPM;ZD4BGEBYELT Bank of India gave in principle approval to 10 Small Finance
ZLCMTBMÈOLVGELH4"CVFTBMTZ LRGPºLD4BE>XGVPM;ZD4E B S'LL Banks, 11 Payment Banks and 2 Universal Banking licenses.
Out of these, 7 Small Finance Banks, 2 Universal Banks and 3
)LRYSLVD4BEJHZTMTHIEL;WLKB)LEKQRETH4B"CMETWGSGK%S>WLKDIWLC; Payments banks have already started operations. Further, RBI
VT'LLTELLTBS'LLOI L;ELGZEGPºLJLTLLJKETG6ÇSGP)LTGOSD4BEZLCMTBMLTB also came up with the guidelines on differentiated bank licenses
ETMBDBFTBGOLLGVO;TLULKIGE " focused on wholesale lending and long-term financing.
D4BGEBYJGKOAFTBDHRSER/DOZKHLH4ÈL4]LTGYEI>UVMLBG<EI>DOZSI Much is changing in the banking landscape-with technology,
demographics, changing customer expectations, greater
Y[LHELTBEIWJT\LLWLTBETML'LFL4UXOLY[LHELTBS'LLV ÈGSLTYI EVC;GOLL competition from existing players and new entrants defining
PBÈPAGºLLTBELTJGK)LLGLSEKKHTH4"D4BEEI VJI JLT-7 MT7%PLGZ7I new turns and trends. Post Asset Quality Review (AQR), the
GK0X %XWLK
DIH4 S'LLZL)LÈOSLÈ)LLGPSHRC"; ]GJ>EFZLYS NPAs of the banks surged and the profitability was impacted.
PLZIUFLKLGLLTBETWLYFVETML'LGPFRÇIEKLETDLOS'LLELKLTDLKIZL)L However, post demonetization with the inflow of low cost
FTBMRLKETDLOZL)LÈOSLFTBMRLKHRWLH4"UFLKLGLLTBFTBPAGHRC; JKBSR deposits and improvement in trading profit the profitability
improved. Deposits surged but credit took a setback. Growth of
LFTB GYKLP7WLC; H4"FLBYFTB EFIHLTVT MT GVPTLET ELKLTDLKFTB EFI bank credit plunged to a six-decade low of 5.1%, as businesses
WLYC;>J2Z-PJD4BELPAG/HOLEETGV&V-SKJKWL started cutting down investment due to drying up of demand.
YLH4>JHZTMTHI>D4BELULTGJ/ZTOLTPLLTFTUI.IJIMTOLTSIVYRVL Already, Bank credit growth that grew two to three times
DVTZYL'LL>ER/PLLTSEIFLKHL%LTBGEGVPTLELMFEFULTKKHL" of GDP in the past has remained slow for few years as the
investment climate remained anaemic. Credit growth, Asset
)LLKSID4BGEBYÈLLZIETGZ LPAG>WLG-SYRLPºLLS'LLJXU B IÈFRv Quality and Capital have emerged as major challenges for the
QRVL4GSLTBETJFTBN)LKIH4" Indian Banking System.
D4BELTBELTKLHSÈOLVEKVTETGZ >MKELKVTLPMXZIELVXVLTBELTFUDXS In order to provide relief to the banks, the government took
DVLVTETNÎTMTEC;NJLGE H4B"GOPLGZLJVWL4KLLTÉLVW\LFSLMBGHSL several measures aimed at strengthening of debt recovery laws.
The Insolvency and Bankruptcy Code was passed followed
D4BELTBETGP3SIWLG-SLTBELÈGS)LXGSEKLWL4KJRVK;QVL PBÈGS)LXGSGHSEL by amendments to the Securitisation and Reconstruction of
ÈPS;V MKJ2TMI
S'LLD4BELTWL4KGPºLIMB-'LLVLTB WLK.I.IDI J2WLC;
>WG Financial Assets and Enforcement of Security Interest Act
GVFETELKLLFTBMBLLTVETDLOWGÉLGVGFSH4B"CMETWGSGK%S> (SARFAESI) and Recovery of Debt due to Banks and Financial
/HV LPMXZIG7$XV:M .IWLK7I
EI-'LLJVLEIYC; 'LI"D4BE Institutions (RDDBFI), Act. In addition, six new Debt Recovery
Tribunals (DRTs) were established. The Banking Regulator is
GVLFELDEL OLKLTBJKLLLTVW\LFSL PBGOPLGZLJVMBGHSL also being authorized to invoke the Insolvency and Bankruptcy
ZLYXEKVTHTSR)LIWG²SEKKHLH4" Code against the loan defaulters.
CMET WGSGK%S>MKELKVT ?CBÇVRLELT ZLVT EILTUVLDVLC; H4> Further, the Government plans to come out with ‘Indradhanush
MLP;UGVE\LTLETLOLSLWLTBETD4BELTBELTJRVJ;XBUIEKLHTSRW60LJE 2.0’, another comprehensive plan for recapitalization of Public
Sector Lenders for banks to remain solvent and fully comply with
LTUVLLLT\LFS'LLP4GPEJXBUIJL;*SSLFLVOB.LTB>DTMZIIIETML'LEL global capital adequacy norms, Basel-III. Under ‘Indradhanush’
JXKISKHMTJLZVEKVTETGZ DVIHRC;H4"??CBÇVRLKLT.F4JETWBSY;S> roadmap, a target of `70000 crore till 2019 was set for infusion
MLP;UGVE\LTLETD4BELTBFTBGVPTLETGZ SE>EKLT.JT in the public sector banks.
ELZ\GVL;GKSGELYL'LL" The banking landscape is fast evolving and throwing up
challenges. However, every challenge has given rise to
D4BGEBYJGKOASTUIMTGPEGMSHLTKHLH4WL4KQRVL4GSLBOTKHLH4"]GJ> opportunities. With the demonetization wiping out 86% of
HKQRVL4SIVT WPMKLTB ELT U6FGOLH4"ÈQLZVFTB )LLKSIFRÇLEL the Indian currency in circulation, it essentially acted as a
H7L ULVTMTGPFRÇIEKLVT)LLKSELTG.GU7ZIEKLETJ'LJKWLYTDVT momentum pushing India forward on the digitalisation path.
ETGZ WGVPL;JMTYGSÈOLVEIH4"VPBDKEISRZVLFTBFLQ; Digital transactions increased nearly 23 times in March’17
compared to November’16. Similarly, increasing competitive
FTBG.GU7ZZTVOTVFTBYRVLDLTSKIHRC; H4"CMIÈELK>ÈGS-JI; pressures and low interest rate environment are leading to
ODLPWL4KEF$LUOKETPLSLPKLFTBPAGEFFLGU;VEIWLTKWY[ thinner margins and banks are exploring ways to improve
LIH4BWL4KD4BEZLYS!WLWVRJLSELTEFEKVTETGZ WJVIJGKQLZV their operational efficiencies to bring down cost to income
\LFSLFTBMRLKETSKIETSZLLKHIH4"ÈL4]LTGYEI>UVMLBG<EI>MLFLGUE ratios. Proliferation of technology, demographics, social and
behavioral changes have led to rising customer expectations
WL4K0PHLGKEJGKPS;VLTBETÈMLKVTY[LHELTBEIWJT\LLWLTBFTBPAGEIH4> but at the same time provided opportunities for growth.
ZTGEVML'LHIGPELMETWPMKÈOLVGE H4B"D4BEWJVTJGKQLZVELT Banks are reshaping their operations and tearing down
VLJOTKHTH4B"PTV FLTDLCZD4BGEBYWL4KMLTLZGFG.LWVRÈLTYLTBEL product focused silos to more effectively reach and serve the
)LIWLKB)LEKKHTH4BS'LLN3JLSELTY[LHELTBEIWLTKETZVTET-'LLVJK customers. They are also introducing new mobile banking and
MBDBWLLGKSGP¹EKVT W'LPLWGE EI²SWL4KDHRFX:Y[LHE social media applications and shifting from pushing products
to selling relationships and providing a more integrated and
WVR)LPÈOLVEKVTELÈLMEKKHTH4B" valuable customer experience.
36
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WGE3SKFLFZLTB FTB WLG'L;EOAG7ELTLDTHSKGOvSLH4"D.T WLLK)LXSLBQ>T On most counts the domestic economic outlook looks better.
GEJ2LSIWLPLMS'LLWGEVL4EGKLTB ETÈ-SLPLTB ELTDLPLOTVT ETGZ D4E B LTB The big infrastructure push, the boost to affordable housing and
HTSR LDBOEKVTFTB FOOGFZTYI"V GVPTLLTB MTMRLKEIÈG¹LWLKB)LHLTVT proposals to create more jobs will help increase credit off take
for banks. Fresh investments are likely to set the ball rolling
EIMB)LLPVLH4GUMMTWDSEQXEEKSTKHTEL8KJLTK7T EIJRV)L;YR SLV\LFSL and lead to enhanced repayment capacity of the corporates
DUL YI"?D4E B KGHSLTB ETGZ D4GB EBYÈFRvVIGSYSNÎTDVYLH4WL4K that were defaulting. ‘Banking the unbanked’ became a primary
TMIMB)LLPVLH4 GEHM)LIET GZ WGE)LXGFEL WL4KWPMKGFZVT policy objective and is likely to provide further impetus for
EIÈG¹LELTYGSÈOLVEKTYL"]GJMJ2ZSLEL-SKWZYWZYKHVL greater role and scope for all. The success; however, is likely
MB)LLGPSH4ULTGEMIGPLTLD4E B EIKLVIGSEOAG7>JGKPS;VEIWVREZ X SL to come in varying degrees depending on individual Bank’s
WL4KWY[LIKHVTEIC1/LLGºL2JKWLLGKSHLTYL" strategic vision, adaptability to change and the will to lead.
DI WPMKWL4KvSKT b. Opportunities and Threats
GPºLIPL;FT>B D4GB EBYN]LTYGPLTLEKW;LHKIS'LLY[LFIL\LTLLTB FTB In the year FY’18, the Banking industry is likely to see intensified
SIP[ÈGSLTGYSLHLTVT EIMB)LLPVLH4>ULTWDSEJLKBJGKED4E B LTB FTB HLTSLKHL competition particularly in Semi Urban and Rural Areas which were
the stronghold of the traditional banks so far. At the same time,
'LL"NMIMF>]GJ>D4E B LTB ELTVC;MB-'LLWLTB ETML'LMBD
B DVLVTETWPMK however, opportunities will open up before the Banks to make tie
GFZTYB T WL4KCMSLZFTZELZL)LN#LLUL YL" ups with the new entities and take advantage of the synergies.
HLZLBGEIKTIKTP4GPEOAG7ELTLDKHLH4> LKTZX WLG'L;EMBEST E-J7 Although the global outlook appears to pick up slowly, the
JMTMELKL3FEH4"B W'L;0P-'LLFTB QZKHTEC;MBKQVL3FEMRLKQZKHT domestic economic indicators are distinctly positive. With
H4B GUMMTG-'LKPMXZIEKVTEIMB)LLPVLH4"DRGVLOILBQT FTB HLTVT PLZTGVPTLLTB many structural reforms underway the economy is likely to
MT>²GLWL4KY[LFILWLBSGKE\LTLLTB FTB vJSWL4KGVPTLEIFLBYDYT I"WJT\LL make steady recovery. The slated investment in infrastructure,
EIULSIH4GEFRÇL-J2IGSWLKDIWLC;È\LTJLS'LLWJT\LL²SMHUSKZSLET agriculture and rural hinterland will drive consumption and
investment demand. Inflation is expected to remain within the
)LISKKHTYIS'LLFTB EF$LUOKTB LDLULKELTJRVUI;GPSEKMESI RBI projection and relatively easy liquidity and low interest
H4"B GVPTLQ¹WL4KDTHSKEL8JL;KT 7T ZL)LÈOSLETJRV3'LLVMTWLG-SYRLPºLL rates could revive the loan market in 2017. With the revival
JKODLPEFHLTVT EIMB)LLPVLH4" of investment cycle and improved corporate profitability, the
G.GU7ZIEKL)LLKSID4GB EBYETMF\LWJVTY[LHELTB ELTSTUIMT>DTHSKWL4K stress on asset quality is likely to ease.
EFZLYSETML'LMTPLÈOLVEKVTHTSR EW6WPMKH4"W'L;0P-'LLFTB Digitalization is yet another opportunity before Indian Banking to
EFVEOIHLTVT ETELKL>MRKG\LSWL4KGVDL;D4GB EBYMTPL BÈOLVEKVLD4E B serve its customers faster, better and with lower costs. With the
ELDHRSD.LOLG3PHLTYL" economy going less-cash, the Bank will have huge responsibility
to provide secure and seamless banking services.
MI vB.PLKW'LPLN3JLOPLKEL;GVJLOV
c. Segment-wise or Product wise performance
D4E B ELT FR<JMT UFLKLGLLT>B LLTB PB GVPTLMT ELKLTDLKÈL*SHLTSL
The Bank’s business broadly comes from deposits, credit and
H4"MBMLVMBYH[ L>ÈL'LGFESL\LTLET L>vROKLL>GPºLIMFLPTLV> investment. Some major business segments like Resource
F M FC;WLGOU4MT ER/ÈFRvELKLTDLKI\LTLLTB ELGPZTLLCMWVR)LLYFTB Mobilization, Priority Sector Lending, Retail Lending, Financial
GELULKHLH4 Inclusion, MSME, etc. are analyzed below:
i. MBMLVMBYH[ L i. Resource Mobilization
D4E B EIERZULFKLGLLB YSPL; EISRZVLFTB EIPAGOLL;ST HR The Bank’s Total Deposits amounted to `621704 crore as at
FLQ;ETWBSFTB EKLT. JH8Q R YC;"GP3SIPL;FTB ERZ the end of March’17, showing a growth of 12.4% over previous
WLBSGKEUFLKLGLLTB FTB EFZLYSPLZT UFLKLGLLTB PS;FLVDQS
EL year. The share of low cost deposits (Current + Savings) in total
GH-ML>GPºLIPL;FTB 'LL" domestic deposits was 45.97% in FY’17.
74DD4GB EBYETFLÉFMTUR7L Y ERZvLSTGOVLBESE The total accounts mobilized through Tab Banking were
'LT"JI VDIJTB LVDQSvLSLLTUVLD4E B EILLvLWLTB ETFLÉFMTJTB LVZTVT 169850 as on 31.03.2017. PNB Pension Savings Account
Scheme was modified to provide overdraft facility up to
PLZTJTB LVKLTB ETGZ WLTPK.L¾7MRGPLWGESFZLvSEÈOLVEKVT maximum `1.00 lakh to pensioners drawing their pension
ETGZ MBLLTGSEIYC;'LI" through Bank’s branches.
JI VDIMRK\LLLTUVLETWBSY;SMRK\LLGPLTLSL BDLC;YC;H4B S'LLY[LHEWD Security features have been enhanced under PNB Suraksha
LLvLWLTB ELOL4KLGE GDVLCB7KVT7D4GB EBYMTPLETFLÉFMTQTEELGPPKL Scheme and customers can now upload/enter the detail of
WJZLT.!ÈGP7EKMESTH4"B CMLTUVLETSHSJLLSLFLVOB.LTB ELTEFEK cheques through Internet Banking Service without visiting the
GOLYLH4S'LLZLvET%X DIMGHSQLZXvLSL PBDQSvLSL branches. The eligibility criteria under the scheme has been
LKEWL4KEKLT. LNMMTWGEETMIMI!WLT.IY[LHECMMRGPLEL reduced and Current Account and Savings Account holders
ZL)LN#LVTETGZ JLLH4" with QAB of `2 lakh and CC/OD customers availing `1 crore
and above are eligible to avail this facility.
ii. LGPGVLTUV PBGPSKL
ii. Credit Deployment and Delivery
D4E
B ET GVPZWGY[FYSPL; MT EIPL;OKPL; PAGOU; EKST HR Net Advances of the Bank as at the end of March’17 stood
FLQ;ETWBSFTB EKLT. KHTULTSRZVL3FEJMTFLQ; at `419493 crore, compared to `412326 crore as at end of
ETWBSJKEKLT. 'LT"FLQ;FTB MFL*SHR PL;HTSR D4E
B EL March’16, registering a growth of 1.7% over last year. Yield
WGY[FLTB JKÈGSJ2ZKHL" on Advances of the Bank stood at 8.29% for the year ended
March’17.
Z LR N]LTY M MWLC;
WL4K Y4K M MWLC; +TLI MT MBDGB S ÈL4]LTGYEI
N6VVGVGLTUVL 7IX J2 M
ET WBSY;SD4E B FTB ZY)LYvLST H4"B The Bank has approximately 852 accounts under Technology
Upgradation Fund Scheme (TUFS) pertaining to Small Scale
37
GPºLIPL;ETOL4KLV>D4E
B ELT7T%M7LCZFBLLZ FWLT7I
MT Industry (SSI) and Non-SSI category. During FY’17, the Bank
EKLT. EI7IX J2 MMG$M.IÈL*SHRC; H4S'LLCMTJLLNLKESL;WLTB FTB GPSGKS received TUFS subsidy amounting `148 crore from Ministry
of Textile (MOT) and the same was disbursed to the eligible
GELYLH4" borrowers.
CMET WGSGK%S> ZY)LY vLST ¹TG.7 GZB%. E4GJ7Z MG$M.I Further there are approximately 198 Accounts covered under
15% Credit Linked Capital Subsidy Scheme (CLCSS) and the
LTUVL MI ZMI M M
ETWBSY;SEPKGE Y H4BS'LLGPºLIPL; subsidy amounting to `13 crore was received from Ministry of
ETOL4KLV F M FC;FBLLZMTEKLT.EIMG$M.IÈL*SHRC; H4" MSME during FY’17.
iii. LMFXHV iii. Loan Syndication
GP3SIPL;ETOL4KLV>D4BEVTEKLT.ETERZLLTB ETMFXHV! During FY’17, the Bank gave approvals for syndication/
appraisal of debt aggregating `3156 crore with PNB’s share of
FX:LBEVHTSRFBUXKIOIGUMFTBJI VDIELGH-MLEKLT.'LL"GPºLI `1300 crore. Total income booked out of this activity and other
PL;ETOL4KLVSEVIEIÈELT#^LKLMBQLGZSCMYGSGPGS'LLW6 TEV Studies conducted by Technical Cell during FY’17 stood
7IC;PIWÉVLTBMTEKLT.ERZWLOU;EIYC;" at `19 crore.
iv. vROKLL iv. Retail Credit
vROKLWGY[FD4BEETGZ FR<GPLKHLH4"CMELNÎTvROKLJLT7J; 2LTGZLT Retail Advances have been the major thrust area for the Bank.
ELGPELMEKVLS'LLN]LTYFTBvROKLLGH-MTOLKIDLVLKHLH4" The objective has been to grow retail portfolio and increase
Retail Loan share in the Industry.
GPºLIPL; ET OL4KLV>D4BEVT WLPLM>PLHV>GL\LL>DBE>P4GºL2E>
JTBLV)LLTYI>-PL;S'LLÈGSPSI;DBELLTUVL BETELTKKI7TZWGY[FLTBET During FY’17, the Bank registered a YoY growth of 18%
under Core Retail advances comprising of Housing, Vehicle,
WBSY;SPL;OKPL;EIPAGOU;EIH4"ELTKvROKLWGY[FFLQ;> Education, Mortgage, Personal, Pensioner, Gold & Reverse
ELT>EKLT.MTDEKFLQ;>ELT>EKLT. Mortgage loan Schemes. Core Retail advances increased from
HLTY "GPºLIPL;ETOL4KLVWLPLM>PLHVWL4KGL\LL\LTLETWBSY;S `50159 crore as on 31st March’16 to `59095 crore as on 31st
¹FL>WL4KEIPAGHRC"; March’17. YoY growth during the FY’17 under Housing, Vehicle
GPºLIPL;ETOL4KLV>D4E B VTÈGSG#SELKGVFL;SLWLT!B .IZKLTB ETML'L and Education Sector was 17%, 16% and 8% respectively.
MFL4SLGELH4"D4BEVT$LUEIGKLSIOKJKMKELKIEF;QLGKLTBELT During FY’17, the Bank entered into tie up arrangements with
WLPLMLS'LLELKLETGPºLJLTLLETGZ EVC;LTUVL?JI VDI reputed car manufacturers/dealers. The Bank launched a new
ÈLC.ELLR)LLKB)LGEL" scheme “PNB Pride” for financing Housing Loan and Car Loan
to Government employees at concessional rate of interest.
ML'LHI>D4BEVTNMET EF;QLGKLTB ET vROKLLLTB ELGPºLJLTLLEKVTET Further, the Bank signed a Memorandum of Understanding
GZ HGKLLLKL5MKELKETML'LMFL4SL,LJV FWLTX
JKH-SL\LK (MOU) with the State Government of Haryana for financing
GE "D4BEVT)LLKSMBQLKGVYFGZGF7T. DI M V Z
ETEF;QLGKLTB ET Retail loans to their employees. Another MOU was signed with
vROKLLLTBELWLEL;EGVFWL4KLSLTJKGPºLJLTLLEKVTETGZ NMET Bharat Sanchar Nigam Ltd (BSNL) for financing Retail Loans to
ML'L)LIMFL4SL,LJV FWLTX
JKH-SL\LKGE " their employees on attractive terms and conditions.
D4BEVTvROKLLGPSKLFL8.ZFTB)LIMRLKGE S'LLWLK JIMI vROKL The Bank also revamped the Retail credit dispensation model
WLG-S ÈMB-EKL ÈELT#
FL8.Z ET ML'L FL4UXOL FL8.Z ELT ÈGS-'LLGJS and replaced the existing model with Retail Asset Processing
GEL" Cell (RAPC) Model.
A utility “Online Loan Eligibility Assessment and Lead Generation
D4BE EI WLGELGKE PTDMLC7 JK ?WL8VZLCV L JLLSL WLEZV S'LL System” was provided on the Bank’s official website wherein
ELKLTDLKWG)LÈTKLÈLLZIVLFENJLTGYSLNJZ$EKLC; YC; H4 GUMFTB the customers can check the loan eligibility under housing and
Y[LHEWGVPL;MXQVLÈGP7EKWLPLM PBELKLLTUVLWLTBETSHS car loan schemes by keying in the mandatory information.
WJVILJLLSLEIULBQEKMESLH4"
v. Priority Sector
v. ÈL'LGFESL\LTL
The Bank achieved National Goals under Priority Sector,
D4BEVT GVKBSKPLLT MT ÈL'LGFESL\LTL>²GLS'LLW6NJ\LTLLTB Z LR Agriculture and other sub-sectors (except Micro credit)
L ELT /LT.EK
ET WBSY;S KL7I Z\LTB ELT ÈL*S GEL H4" ÈLG*SLB continuously for 4 years.
GV&VLVRMLKH4B
Achievement of National Goals
KL7IZ\LTBEIÈLG*S
(%) (%)
VDIMIEL Z\ FLQ;> FLQ;> FLQ;> %age to ANBC Target 31st 31st 31st
March’15 March’16 March’17
ÈL'LGFESL\LTLL Priority Sector
40 40.06 40.75 40.49 40 40.06 40.75 40.49
Credit
GUMFTBMT Of which:

²GL\LTL (a) Agriculture
18 18.68 18.32 18.56 18 18.68 18.32 18.56
Sector
38
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
DI
EFULTKPYLTELT (b) Credit to
L 10 10.16 10.08 10.67 Weaker 10 10.16 10.08 10.67
Sections
MI
FGHZL (c) Credit to
ZL)LLG'L;LTBELT 5 5.27 5.86 6.38 Women 5 5.27 5.86 6.38
L Beneficiaries
/LT7TWL4KMIFL6S Loan to Small
GEMLVLTBELTL* 8 ZLYXVHIB 8.49 (7) 8.96 & Marginal 8 NA 8.49 (7) 8.96
Farmers *
MX\FN]FELTL* Loan to Micro
7.5 ZLYXVHIB 6.50 (7) 6.39 7.5 NA 6.50 (7) 6.39
Enterprises *
*)LLKSIGKUP;D4BEETGOLLGVO;TLLVRMLKPLGL;EWL4MSWLLKJK *On annual average basis as per RBI guidelines.
ÈL'LGFESL\LTL PB NJ\LTLLTB S'LL²GLET WBSY;S>>EKLT. S'LL The outstanding under Priority Sectors & Sub-sectors as on
FLQ;>EKLT.ETKL7IZ\LTBETMLJT\LFLQ;JKDELL 31st March’17 is `140239 crore and under Agriculture `65629
crore against respective National Goal of `135016 crore and
LIL;¹FL>>EKLT.S'LL>EKLT.KHI" `60758 crore.
ELTÈL'LGFESL\LTLWL4KNJ\LTLLTB EIN3²7G-'LGSGV&VLVRMLK The outstanding position of Priority Sector and Sub-sectors as
H4 on 31.03.2017 is as under:-
KLGLEKLT.FTB
(Amt. in crore)
FLVOB. Parameter 31.03.2015 31.03.2016 31.03.2017
ÈL'LGFESL\LTLL 126873 139233 140239 Priority Sector Credit 126873 139233 140239
GUMFTBMT Of which:

²GL\LTL 59157 62604 65629 (a) Agriculture Sector 59157 62604 65629
DI
F M FC; (b) MSME
53273 62857 58570 53273 62857 58570
ÈL'LGFESL
(Priority)
MI
W6 (c) Others 14443 13772 16040
14443 13772 16040
EFULTKPYLTETGZ L Credit to Weaker
32187 34451 39353 32187 34451 39353
Sections
FGHZLZL)LLG'L;LTBELTL Credit to Women
16689 20029 23317 16689 20029 23317
Beneficiaries
Z LR PBMIFLBSGEMLVLTBELT Loan to Small &
ZLYXVHIB 29002 33037 NA 29002 33037
L Marginal Farmers
MX\FN]FLTBELTL Loan to Micro
ZLYXVHIB 22222 22835 NA 22222 22835
Enterprises
GEMLV¹TG.7EL.;D4BEVT GPºLPL; ET OL4KLVZLvGEMLV Kisan Credit Cards: The Bank issued 3.34 lakh Kisan Credit
¹TG.7EL.; ETMIMI
ULKIGE >ERZETMIMIEIMBGQSMB<LZLv Cards (KCCs) during FY’17 taking the cumulative number of
HLTYC;H4" KCCs to 57 lakh.
²GLMBGPSKLD4BEVTGPºLPL;ETOL4KLV>>EKLT.ETZ\ Agri Disbursement: During FY’17, the Bank disbursed agriculture
ETFRELDZTEKLT.ET²GLLLTBELGPSKLGELH4" loans of `61264 crore against the target of `53600 crore.
GPºLIPL;ETOL4KLVS4LKEIYC;VC;LTUVL B New schemes formulated during FY’17
JI VDIY[LFNOLTUVLCMLTUVLET SHS>FAOLHT:'LEL.; ÉLLKE PNB Gram Uday Scheme: Under the scheme, loan upto `1
GEMLVLTBELT)LXGFMRLK!)LXGFMBK\LLETGZ ZLvSEELLGOL lakh is being provided for soil reclamation/soil conservation to
farmers holding soil health card.
ULKHLH4"
Scheme for financing landless agriculture labourers on
WJBUI²S JËÑT JK )LXGF> )LXGFHIV ²GL FUOXKLTB ELT GPºLJLTLL ET unregistered leased land: For landless labourers to undertake
GZ LTUVL CM LTUVL ELT )LXGFHIV +GFELTB EI ²GL YGSGPGLTB ELT agricultural activities, this scheme was formulated for financing
JXKLEKVTETGZ WJBUI²SJËÑTOLKLTBELT)LXGFETGPºLJLTLLETGZ S4LK unregistered leased lands.
GELYL"
39
FGHZLMBRºL2OLG3PMFXH UT ZUI
ELTMBJLGP;EFRºL2LÈOLV Scheme for providing collateral free loans to Women Joint
EKVTEILTUVLFGHZLWLTBETMBRºL2OLG3PMFXH UT ZUI
ELTGDVL Liability Groups (JLGs): To provide loans upto `10 lakh
MBJLGP;EMRK\LLETZLvSEELLÈOLVEKVL" without collateral security to women JLGs.
WGEGEMLVLTB ELTLLGFZEKVTPLZILTUVLWLTB FTB MRLKGV&VLVRMLKH4 Improvement in the schemes to cover up more farmers are
as under
● JI VDI²GL)LX-PLFILTUVLETWBSY;SLMIFLELTZLv
● The limit enhanced under PNB Krishi Bhu-Swami Yojana
MTZLvSEDLL" from `10 lakh to `20 lakh.
● ML4ZKJG&JBYMT7EI-'LLJVLETGZ ZLvSEEILMIFLET ● For setting up of solar pumping sets requirement of
GZ UFIVELTDBEKvVTEIWLPESLMTFRºL2GELYL" mortgage of land has been waived for loans upto `5
lakh.
● Y[LFILYLTOLF!PTKHLNM!ELT:.-7LTKTUWL4KvL] PB²GLÈG¹LET
SHSGPºLJLTLLETGZ $LUEIOKFTB/X7MIFLDLC;YC;" ● Relaxation in ROI extended for financing under Rural
Godown/Warehouse/Cold Storage and Food and Agro
● ZLvKLGLSEET ²GLLLTB ET GZ O-SLPTUIEKLLR:E Processing.
FLJ2 GEL YL> vLSL J2LTGZLT È)LLKLTB MT /X7 OI YC; S'LL WL4K ● Documentation charges in agriculture credit waived
GVKI\LLLR:EMR0PG-'LSGE Y " upto `3 lakh, ledger folio charges were waived off and
inspection charges were streamlined.
● ÈLVFBLI J2MZ DIFL LTUVL J2MZ DIFL LTUVL
ET WBSY;S
ZLvGEMLVLTBELTCMLTUVLETWBSY;SZLLYL" ● 11.45 lakh farmers were covered under Prime Minister
Fasal Bima Yojana (crop insurance scheme).
²GLELTDLPLOTVTETGZ WG)LVPKLVIGSLB
Innovative strategies to enhance agriculture
● GPLTL²GLGPºLLLvL B M J2DI
WL4KGPLTL²GL ● There are 19 Specialized Agriculture Finance Branches
GPºLE\L M J2MI
H4B" (SAFBs) & 16 Specialized Agriculture Finance Cells
(SAFCs).
● JXKT OTL FTB ²GL ELT DLPL OTVT ET GZ FHL L GLGPKLTB EL
WLLTUVGELYLWL4KEKLT.ELGPSKLGELYL"CMET ● Mega credit camps were organized to boost agriculture
across the country and `711 crore were disbursed.
WZLPL>²GLFTBGVPTLLWL4KJGKMBJGºLGVFL;LELTDLPLOTVT
Besides, `1395 crore were disbursed under PNB Festival
ET GZ JI VDI J2TG-7PZ DLTVL6UL ET SHS EKLT. EL
Bonanza to boost investment credit and asset creation in
GPSKLGELYL" agriculture.
● GPºLPL;ETOL4KLVD4BEVTGEMLVLTBELTZLvJTGEMLV ● The Bank issued 4.54 lakh Rupay Kisan cards to farmers
EL.;ULKIGE Y " during FY’17.
MX\FL Micro Credit
● D4BEVT FTB ¹TG.7GZB%.-PB MHLSLMFXHLTB ● As at the end of March’17, the Bank had credit linked
ELTEKLT.ETLGPSKLETFRELDZTFLQ;ETWBSSE 105134 SHGs with an outstanding of `679 crore as
against 45373 number of SHGs with outstanding of `350
>¹TG.7GZB%.-PBMHLSLMFXHLTBELTEKLT.KLGL
crore as on 31.03.2016. The Bank surpassed credit
ET LGPSGKSGE Y "GPºLIPL;ET OL4KLVD4BE>¹TG.7
linked SHGs of `1 lakh during FY’17.
GZB%.-PBMHLSLMFXHZLvEIMB<LELTJLKEKYL"
vi. Micro, Small and Medium Enterprises (MSME)
vi.MX\F>Z LRWL4KFÉFN]F F M FC;
At the end of March’17, the credit to MSME sector stood at

FLQ;ETWBSSE> F M FC; \LTLET GZ LEKLT.'LL" `81592 crore. The advances to Micro & Small Enterprises
MX\F PBZ LRN]FLTB F MC;
ETGZ WGY[FEKLT.JTEL (MSE) stood at `66346 crore.
'LL"
The Bank added 119934 Micro Enterprises Accounts as on
FLQ; ET WBSSED4BEFTB PL;OKPL; EIPAGET ML'L 31st March’17 showing YoY growth of 19.38% against the
MX\FN]FIvLSLTBEIPAGHRC; UDGEÈLVFBLIHLC;ZTPZ7L-E envisaged growth of 10% in terms of Prime Minister High Level
J2LTM; EIGMJ2LGKLLTBETWVRMLKEIWVRFLGVSPAGHLTVIQLGH " Task Force recommendations.
GPºLIPL;ETOL4KLV>D4BEVTEKLT.ETLJGK0ETML'L During FY’17, the Bank covered 70328 cases under the
?¹TG.7YLKB7IJ2B.7-7J2L8KMX\F PB Z LR N]F MIUI7I F MC;
ET Credit Guarantee Fund Trust for Micro and Small Enterprises
40
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
SHSFLFZLTBELTEPKGELYLWL4KFLQ;ELT>>vLSLTB (CGTMSE), with the credit outlay of `1805 crore. The total outlay
FTBERZLJGK0EKLT.'LL" as on March’17 stood at 258341 accounts and `10227 crore.
FRÇLLD4BEVT FRÇLET WBSY;SEKLT. ET DU7-SKELT JLK MUDRA Loans: The Bank surpassed the budgeted level of
EKSTHR EKLT.ELGPSKLGEL" `5200 crore under MUDRA by disbursing `5440 crore.
‘Stand Up India’ Loans: ‘Stand Up India’ Scheme was launched

?-7T.WJ CBG.L L Y[IV J2I:. B7KÈLCUTU EI -'LLJVL ET GZ
to promote Women & SC/ST entrepreneurs by providing credit
FGHZLWLTBWL4K MMI! M7IN]GFLTBELTDLPLOTVTETGZ ZLvMT
assistance between `10 lakh to `100 lakh for setting up Green
ZLvSELMRGPLÈOLVEKVTETGZ ?-74B.WJCBG.LLTUVL field Enterprises. During FY’17, 6490 Accounts with a sum
LREIYC;"GPºLIPL;ETOL4KLV>EKLT.EI-PIEASMGHS of `1340 crore were sanctioned which is the highest in the
vLSTvLTZTY ULTELKLTDLKFTBMDMTWGÉLEH4B" industry.
vii. GPºLIMFLPTLV vii. Financial Inclusion
D4BEWJVTGPºLIMFLPTLVZ\ELTJXKLEKVTETGZ EC;EOFN#LKHL The Bank has been undertaking numerous steps towards
H4"D4BEVTGPºLIPL;ETOL4KLV>GFLJTEL.;ÈOLVGE Y ULTFLC¹LT meeting its financial inclusion goals. During FY’17, the Bank
Mitras are provided with Rupay Card enabled Micro ATMs.
7I FMT KEFGVELZVT FTB M\LFH4"FLC¹LT 7I FET FLÉFMT VEO
PNB is first in the industry to start cash deposit facility through
UFLMRGPLLREKVTETGZ JI VDIELN]LTYUYSFTBJHZL-'LLVH4" Micro ATMs.
MLFLGUEMRK\LLLTUVL BGPºLIPL;ETOL4KLVÈYGSGV&VLVRMLKOIYC; Social Security Schemes: The progress during FY'17 is given
H4 as under:
● ÈLVFBLIMRK\LLDIFLLTUVLJI F MDIPLC; ● Pradhan Mantri Suraksha Bima Yojana [PMSBY]–for
SE>JI F MDIPLC; ET SHSWLEG-FEFA3R DIFLMRGPLMGHS accidental death insurance. As on 31.03.2017, number
CMLTUVLFTBVLFLBGESY[LHELTBEIMB<L>>HLTQREIH4" of customers enrolled under PMSBY is 6421425.
ÈLV FBLI UIPV 5LTGS DIFL LTUVL JI FUTUTDIPLC; ● Pradhan Mantri Jeevan Jyoti Bima Yojana [PMJJBY]–
SEUIPVDIFLLTUVLETWBSY;S>JI FUTUTDIPLC;ET for life insurance cover. As on 31.03.2017, number of
VLFLBGESY[LHELTBEIMB<L>>HLTYC;H4" customers enrolled under PMJJBY is 1310529.
● W7ZJTBLVLTUVL JIWLC; JIPLC;LTUVLETSHS ● Atal Pension Yojana [APY]-The enrolments under APY
SEVLFLBEV>>SEJHRQY H4B" scheme as on 31.03.2017 is 236399.
.I WLN7ZRE d. Outlook
P4GPEWL4K)LLKSI UTBGMLTBETWVRFLVLTBETFRSLGDE)LLKSIW'L;0P-'LL The Indian economy appears to be well placed as per the
W1/ISKHMT ÈSISHLT KHIH4"WLYLFIPLLT FTB MT WGEEIPAG projections by the Global and Indian agencies and is poised
to grow at over 7% in the coming years, fastest among all the
EKVTETGZ M)LIW'L;0P-'LLWLTBFTBMDMTSTUH4"
economies.
PMXZIEIÈG¹LSTZWL4KEFLTG.7IEIFSLTBFTBSTUGYKLP7ETQZSTMR-S The process of recovery is underway aided by a sharp decline
QZKHIH4>GUMMT )LLKSELT UR.PLB LL7T GPºLI LL7T WL4KQLZX vLSL in oil and commodity prices that allowed India to contain the
LL7T
ELTLLGFZEKVTEICULUSOIYC;WL4KEFLTG.7IGVL;SETN)LKST twin deficits (Fiscal Deficit and Current Account Deficit) and
DLULKLTB EISRZVLFTB )LLKSELT GVPTLET GZ WJT\LL²SWGEWLEL;E made India a relatively more attractive investment destination
DVLLYLH4" compared to commodity-exporting emerging markets.
]GJ>GVYFLTB WL4KD4BELTB EIODLPY[-SSRZVJLS'LLEG'LSOLTHKISRZVJL However, stressed balance sheets of corporations and banks,
called as Twin Balance Sheet problem remains the biggest
EIMF-LMDMTD.IQRVL4SIDVTHR H4"ODLPY[-SWLG-SLTBELFRÎLL
challenge. The issue of stressed assets continues to weigh on
OTVTFTBMF-LJ4OLEKKHLH4WL4KJXBUIYS0Q¹ETJRVLKFTBGPZ&D
credit off-take and delay the revival of the capital expenditure
HLTKHLH4"HLZLBGE>QZKHTMRLKLTBWL4KGPG)L6VJHZLTBETQZSTGPELMFTB cycle. However, the growth is likely to gain momentum on the
STUIWLVTEIMB)LLPVLH4" back of ongoing reforms and various initiatives underway.
C; ULTGvFWL4KGQBSL B e. Risks & Concerns
ULTGvFÈDBVETWBSY;SD4BEVTN1QULTGvF\LTLLTBFTBWJVT %MJLTUKELT Towards Risk Management, Bank is limiting its exposure in
MIGFSGELH4WL4KJXUIJKULTGvFMFLLTGUSÈGSJ2Z WLK WLKWLTMI
high risk areas and also focusing on optimizing the returns
41
JKTvLET FLÉFMT ULTGvFWL4KWLG-SLTB JKÈGSJ2ZET FÉMBSRZV by striking a balance between the risk taken and the return
DVLVT ET GZ ÈGSJ2Z ELT C;7SF EKVT JK ÉLV GOL H4" YRLP3SLJXL; on assets through Risk Adjusted Return on Capital (RAROC)
WLG-SLTBELTWLEGL;SEKELKLTDLKFTBPAG^LKLLTKLKELTELTWGESF framework. The Bank also aims to strive towards improving its
market share to maximize shareholders’ value by augmenting
FX: ÈOLV EKST HR PB GLLTB EI GP3SI G-'LGS EI MROA GVYKLVI
business through attracting quality assets coupled with strong
^LKLJXU
IELMBK\LLEKSTHR WJVIDLULKGH-MTOLKIELTDLVTELÈLM monitoring of borrowers’ financial health thereby ensuring
EKVLD4BEELZ\H4" conservation of capital.
GK7TZD4BGEBYWL4K M FC; \LTLFTB WGY[FÈOLVEKVT HTSR D4BEVT -ELTGKBY The Bank developed scoring models in the areas of Retail
FL8.ZGPEGMSGE H4B"²GL\LTLFTB WGY[FÈOLVEKVT ET GZ -ELTGKBY banking and SME sector advances. Scoring model for farm
FL8.ZELT GPEGMSWL4KELL;G6PSGELYL"CVÈG¹LWLTB VT D4BEELT sector advances was also developed and implemented. These
processes helped the Bank to achieve quick and accurate
LET3PGKSWL4KM7IEGPSKLEKVTFTBFOOEI>FX:LBEVFTB EJSL
delivery of credit, bringing uniformity in appraisal and facilitate
ZLEKWL4KNMET.T7LWL4KGPZTLLELT)LB.LKLMRGPLÈOLVEIH4"
storage of data and analysis thereof.
GPGVLFE GOLLGVO;TL D4BE VT DTMZ I/III ET WBSY;S ULTGvF )LLGKS Regulatory Guidelines: The Bank has adopted Standardized
WLG-SLTB WLK.$:X
EI YLVL ET GZ L ULTGvF HTSR FLVEI²S Approach for Credit Risk, Standardized Duration Approach for
OAG7ELTL>DLULKULTGvFHTSR FLVEI²SWPGOAG7ELTLWL4KJGKQLZV Market Risk and Basic Indicator Approach for Operational Risk for
ULTGvFHTSRFXZMBETSEOAG7ELTLELTWJVLLH4" computation of Risk Weighted Assets (RWA) under Basel II/ III.
The Bank also plans to migrate to advanced approaches for
D4BEGPGVLFEWVRFLTOVETWIVDTMZI/IIIEIGOLLGVO;TLLTBWVRMLKL
computation of RWA/Capital charge for Credit, Market and
ULTGvFPJGKQLZVULTGvFHTSRWLK.$:X !JXBUIÈ)LLKEIYLVLETGZ
Operational Risks as per Basel II/III guidelines subject to
N6VSOAG7ELTLLTBFTBWBSKLEKVTEILTUVLDVLKHLH4" regulator’s approval.
W6ÈFRvJHZTB Others major initiatives
D4BE VT WJVT FB.Z ELL;ZLTB ET ULTGvFMFLLTGUS ELLT EI GVYKLVI The Bank has started monitoring risk-adjusted performance
WLKB)LEKOIH4"WBQZÈD6ELTB!FB.ZÈFRvLTBELTDTHSKWLG'L;EÈGSZL)L of its Circle Offices. ZMs/Circle Heads are advised to
WGU;SEKVT>ERZLULTGvF)LLGKSWLG-SLTB!ERZLULTGvFWVRJLS generate healthy economic returns, set self-targets for Total
Credit Risk Weighted Assets/Total Credit Exposure ratio and
HTSR -PB Z\GVL;GKSEKVT WL4KPL;OKPL; WLLKJKULTGvF)LLGKS
achieve consistent reduction in RWA ratio on year-on-year
WLG-S WVRJLS FTB GVKBSK EFI ZLVT EI MZLH OI UL KHI H4" ULTGvF basis. Development of framework for capital allocation at
MFLLTGUSÈGSZL)LJKWLLGKS0PMLCELC; -SKJKJXBUIWLPB7VET business unit level based on risk adjusted returns is also
»TFPE;ELGPELM)LIÈG¹LFTBH4" underway.
D4BEVT WJVI-7TMJKI\LLVIGSELT OLTDLKLJGK)LLGLSGELH4 WL4K-7TM The Bank has redefined its stress testing policy and
has linked it to mitigating actions on detection of stress.
ET JSLZYVT JKCMT EFEKVT ET GZ ULT.LH4"-7TMJKI\LLL4FLGME
Stress tests are undertaken at quarterly intervals and
WBSKLZJKGE ULST H4B WL4KJGKLLFMBDBGSMGFGSLTB ELT GO ULST H4B" results placed to respective committees. Bank has also
D4BEVT WJVT MFXHET ULTGvFLBQT ELT )LIMROALGELH4 WL4KYPGV;BY strengthened its Group risk framework and has extended
EFT7IET OLKT ELT DLGOLH4>W'LL;SMFXHULTGvFÈDBVMGFGS>ULT the scope of governing committee i.e., Group Risk
WD F.IWL4KMIC;WLTETVTSA3PFTBEL;KSH4"MLFXGHEULTGvFVIGSELT Management Committee which is now headed by MD &
CEO. Group risk policy has also been realigned to reflect
MLFXGHEULTGvFGVYKLVIJKD4BEETDL Y ÉLVELTÈGSGDBGDSEKVT bank’s enhanced focus on group risk monitoring. Group
ETGZ )LIMHIGELYLH4"MFXHULTGvFVIGSGJKLGF.OAG7ELTLJK risk policy is based on pyramid approach starting with
WLLGKSHLTSIH4GUMFTBULTGvFLIL;MTWLKB)LHLTSIH4WL4KÈG¹L B>LLMV risk appetite at top and progressing through Governance,
WL4KÈDBVGKJLTG7;BYETFLÉFMTÈYGSEKSIH4" Processes and Management Reporting.
J2 WLBSGKEGVBLLÈLLZIWL4KNVEIJL;*SSL f. Internal Control System and their Adequacy
i. Credit Audit and Review

i. LZTvLJKI\LLS'LLMFI\LL
In terms of the extant LRM policy, credit audit for FY’17 was
FL4UOX L ZWLK FVIGSETMBO)L;FT>B EFULTK PB7TEWL8PKvLSLTB MGHSMF-S
undertaken for all eligible loan accounts including weak and
JLLvLSLTB FTB GPºLPL;ETGZ LZTvLJKI\LLWLLTGUSEIYC;" takeover accounts.
D4BEVTEKLT.ETLULTGvFPLZTLvLSLTBEIZTvLJKI\LL The Bank conducted Credit Audit of borrowal accounts with
ELWLLTUVGELYL>ULT EPL;FTBWLKDIWLC;EI6XVSFMT exposure of `210704 crore, which is 46.31% of Bank’s net
42
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MLJT\LD4BEETGVPZFLVELJLT7J; 2LTGZLT LKTZX PBGPOTLIEL standard credit portfolio–domestic & overseas as against the
H4" RBI’s requirement of at least 30% to 40% in a year.
ii. WLBSGKEZTvLJKI\LL ii. Internal Audit
ULTGvFWLLGKSWLBSGKEZTvLJKI\LLETSHS>ÉLVELTZTVOTVETJXL;J4FLVT Under risk-based internal audit, the focus was shifted from the
PLZTJKI\LLMTULTGvFEIJHQLVEKVTEIWLTKWBSGKSGELYL"ULTGvF system of full-scale transaction testing to risk identification.
WLLGKSVIGSYGSGPGLT>B ELLT! N3JLOLTB EIWLPAGºLLTB ÈL'LGFESLWLT>B ULBQEI Risk based policy focused on frequency, prioritizing, extent
MIFLWLT>B ULTGvFFX:LBEV!ÈLTJ2LCGZBYS'LLZTvLJKI\LLÈG¹LETOL4KLVNVELT of checking, risk-assessment/profiling of activities/functions/
products and their updating, broadening the risk classifications
W]SVEKVT>ULTGvF+TGLLTB ELGP-SLKEKVTWLGOJKETGB ÇSEKSIH4"
etc. during audit process.
WL8VMLC7ZTvLJKI\LLETWGSGKºL2>ÈLVELL;Z>WBQZZTvLJKI\LLELL;ZLTB
Besides the on-site audit, regular monitoring is being done
UT. WLT
WL4KFB.ZELL;ZLTB MIWLT
FTB -'LLGJS?WL8J2MLC7GVYKLVIE\LLTB
through ‘Off-site Surveillance Cells’ set up at Head Office, Zonal
ETFLÉFMTGVGFSGVYKLVIEIULKHIH4"WL8J2MLC7ZTvLJKI\LLY4KMBYLFI
Audit Offices (ZAOs) and Circle Offices (COs). Off-site Audit is
ZTvLJKI\LLLLvLWLTB FTB )LIWLLTGUSEIULSIH4>GUMFTB GPG)L6VELKLTDLK PB
also carried out in Non-concurrent Audit Branches, covering
GVBLLULTGvFFLVOB.LTB FTB 0LJEULTGvFGOLLS'LLULTGvFET-SKFTB JGKPS;V
comprehensive audit items and their compliance level at these
ET WLBEZVHTSR GP-SASZTvLJKI\LLFOLTB WL4KLLvLWLTB FTB NVET WVRJLZV-SK
branches for assessment of change in risk direction and/
ELTEPKGELULSLH4"SOVRMLK>D4E B FTB PLGL;EZTvLJKI\LLLTUVLELTGVGJS>
or risk level in various Business & Control Risk Parameters.
WVRFLTGOS PBELL;GB PSGELULSLH4"
Accordingly, annual audit plan is formulated, approved and
GPG)L6VÈELKET WL8G.7WLLTGUSGE ULST H4B W'LL;SULTGvFWLLGKS implemented in the Bank.
WLBSGKE ZTvL JKI\LL WL8V MLC7 ML'L HI WL8J2MLC7
> KLU-P ZTvL Various types of Audit are conducted viz. Risk Based Internal
JKI\LL> MXQVL ÈLLZI WLC; M
ZTvL JKI\LL> ¹TG.7 ZTvL JKI\LL> -V4J Audit (On-site as well as Off-site), Revenue Audit, Information
ZTvLJKI\LL>MTYFTB7WL8G.7>WVRJLZVZTvLJKI\LL>ELVXVIZTvLJKI\LL> System (IS) Audit, Credit Audit, Snap Audit, Segment Audit,
J2TFLZTvLJKI\LLWLGO" Compliance Audit, Legal Audit, FEMA audit, etc.
MBYLFIZTvLJKI\LLETSHSLLvLWLTB!ELL;ZLTBEIMB<L>GPºLPL;ET The number of branches/offices under concurrent audit
GZ MTDEKGPºLPL;FTBHLTYC;"MBYLFIZTvLJKI\LLET increased from 1274 in FY’16 to 1497 for FY’17. Branches/
SHSLLvLWLTB!ELL;ZLTBVTELTUFLKLGLLTBEL>WGY[FLTB offices under concurrent audit cover 69.06% of deposits,
ELWL4KERZELKLTDLKELEPKGEL>ULTWLKDIWLC;ET 79.18% of advances and 72.97% of overall business as on
GOLLGVO;TLLTBETWVRJH4" 31.12.2016, which is in line with RBI guidelines.
ZTvLJKI\LLEIDTHSKYRLPºLLET GZ J2TFLZTvLJKI\LL7T&JZT7ELT GKUP; FEMA Audit templates was revised and incorporated in e-RBIA
D4BE! MIDI ET GVO;TLLTB ET WVRMLK C;WLKDIWLC; FTB MBLLTGS GEL YL" for better audit quality as per RBI/ACB directives. 60 branches
MTGPOTLILLvL BULTMTWGEGPOTLIFRÇLELKLTDLK having FOREX Turnover of more than 75% of Banks’ FOREX
GPOTLIFRÇLFTB EKSIH4B NVELT L4FLGMEJ2TFLZTvLJKI\LLET SHSKvL Turnover have been put under quarterly FEMA Audit w.e.f.
YLH4" 30.09.2016.
MXQVL MRK\LL> CZT%7L8GVE D4BGEBY> ÈL4]LTGYEI ULTGvF ÈDBV WL4K MLCDK Information Security (IS) Audit is being conducted in accordance
ÉLLTvL.I YLTJLZ²LMGFGSEIGMJ2LGKLLTB
JKWLKDIWLC;ETFLY;OL;V with the RBI’s Guidance Note on Information Security, Electronic
ET VLT7ET WVRJMXQVLMRK\LL WLC; M
ZTvLJKI\LLWLLTGUSEIUL Banking, Technology Risk Management and Cyber Frauds
KHIH4" (Gopal Krishna Committee recommendations).
ZTvLJKI\LELTBWL4KWBQZZTvLJKI\LLELL;ZETWGELGKLTBETGZ ÈGL\LL Training program for Auditors and ZAO Officials are being
EL;¹F GVGFS J MT MI MMI!WLC;7I ETBÇ!UT.7IMI FTB WLC; .I ET ML'L regularly conducted at CSC/IT Centre/ZTC in co-ordination
MF6PEKETWLLTGUSGE ULKHTH4BGUMMTJ2TFLZTvLJKI\LL!WLC; MWL8G.7 with IAD thereby including subjects like FEMA Audit/IS Audit
WL4KWLKDIWLC;!C;WLKDIWLC;U4MTGPLLTBELTLLGFZGELULSLH4" & RBIA/e-RBIA.
iii. WJVTY[LHEELTULGV ETPLC;MI

!VLLTVGVPLKL F Z
iii. Know Your Customer(KYC)/Anti Money Laundering (AML)
D4BEMFMFJKWLKDIWLC;^LKLULKIETPLC;MIWL4K F ZGOLLGVO;TLLTB The Bank strictly follows KYC and AML guidelines issued by
ELJXL;WVRJLZVEKSLH4WL4KETPZETPLC;MIETWVRJY[LHELTBELTHI RBI from time to time and only KYC compliant customers are
accepted by the Bank. Risk categorization of all the customers
D4BE^LKL-PIELKGELULSLH4"GVLFEETGOLLGVO;TLLTBETWVRMLKM)LI
into three Money Laundering risks i.e. High, Medium and Low is
Y[LHELTBELSIV>N1Q>FÉFWL4KGV&VEISIV+TGLLTBFTBMLPLVIJXPE
;
43
ULTGvFPYI;EKLGELYLH4"ZL)LELKI-PLFIETM6O)L;FTB)LLKSIGKUP; followed meticulously in terms of RBI guidelines. RBI guidelines
D4BEETGOLLGVO;TLLTBELD4BEVTMLPLVIJXPE
; WVRJLZVGELH4" in respect of beneficial owner are followed meticulously.
EN6VS F Z *ZIETLV MB-EKL

-'LLGJSGELYLH4>ULT An upgraded AML Application (version 6.0) enables watch list
PL8QMXQI-E4VEKVTELTM\LFDVLSIH4>Y[LHEETJHQLVEIJRG7EKSI scanning, verifies customer identity and facilitates generation
H4WL4KMBOTHL-JOÈ²GSETZTVOTVLTBEIULBQETGZ -PQLGZSWZ7;ULKI of automated alerts for scrutiny of transactions of suspicious
EKVTEIMRGPLÈOLVEKSIH4" nature.
J2I:. -7LJ2 ELT ETPLC;MI! F Z!MI J27I FRÎLTB JK MBPTOVLIZ!GLG\LS In order to sensitize/educate the field staff on KYC/AML/CFT
EKVT ET GZ >ÈGL\LLGOLULSLH4 WL4KMFMFJKXMIWLC;MIP issues, training is imparted and workshops on UCIC and KYC/
ETPLC;MI! F Z!MI J27IWVRJLZVJKEL;LLZLWLTBEL)LIWLLTUVGEL AML/CFT compliance are also organized from time to time. In
ULSLH4"ETPLC;MIWVRJLZVELTMROAEKVTET¹FFTBV QLZX!DQSGVGÉL order to strengthen KYC compliance, new Current/Saving fund
<LLSLTBELTD4EWL8GJ2METFLÉFMT<LLTZLULSLH4" Accounts are opened through Back Offices.
iv. ÈDBVZTvLJKI\LL iv. Management Audit
D4E
B FTB WJVT ÈLLMGVEELL;ZLTB ET ZTvLJKI\LLET MBQLZVET GZ E The Bank has in place a Risk Based Management Audit (RBMA)
system for conducting audit of its administrative offices. For this
ULTGvFWLLGKSÈDBVZTvLJKI\LL WLKDI F
ÈLLZIWLKB)LH4"CMÈLTUV
purpose, RBMA Policy was initially approved by the Board on
ET GZ >ELT DLT.; ^LKLWLKDI F VIGSELT ÈLKBG)LEWVRFLTOV
28.04.2006 and last annually reviewed on 28.03.2017.
ÈOLVGELYLWL4KGJ/ZIPLGL;EMFI\LLELTEIYC;"
The audit is based on Risk Templates and risk profiles prepared
HZTvLJKI\LLWLBSGKEJMTGVGF;SULTGvF7T&JZT7WL4KULTGvFÈLTJ2LCZ in-house to capture risk perceptions inherent in various areas of
JKWLLGKSHLTSIH4"ULTGVL;ZTVTEIÈG¹L>MBQLKÈLLZI>MBMLÉLVLTBET functioning of administrative offices including decision making
ERLZNJLTYMGHSÈLLMGVEELL;ZLTBETELFELUETGPG)L6V\LTLLTBFTB process, communication system, efficient resource utilization,
GVGHSULTGvFLKLLWLTB WL4KZ\LTB ELT ÈL*SEKVT ET FLÉFLTB ELT E4*QK means used to achieve the goals etc. The Bank is also regularly
EKSI H4" D4BE MB)LLGPS N1Q ULTGvF LKLL PLZT GQG6HS FB.ZLTB!W6 conducting snap audit of identified circles/other administrative
ÈLLMGVEELL;ZLTBEIWLEG-FEZTvLJKI\LL)LIGVGFSJMTWLLTGUS offices with potentially high risk perception to pro-actively spur
EKSLH4 SLGENVET ELFELUFTB PLBG/SMRLKZLVT HTSR EOFN#LVT ET them into taking steps for bringing in desired improvement in
GZ N6HTBWY[MG¹JMTÈLT3MLGHSGELULMET" their functioning.
GPºLIPL;ETOL4KLV>D4E
B VTNºL2MXQIFTB GO Y W6ELLT EIZTvLJKI\LL During FY'17 based on approved Annual Audit Plan, the Bank
conducted management audit of 38 HO Divisions, 76 Circle
ET WGSGKºL2WVRFLTGOSPLGL;EZTvLJKI\LLEL;¹FET WLLKJKÈEL
Offices, 13 Zonal Managers’ Offices, 13 Zonal Audit Offices,
È)LLYLT>B FB.ZELL;ZLT>B WBQZÈDBEELL;ZLT>B WBQZZTvLJKI\LL
6 Training Establishments, 5 Regional Rural Banks and 3
ELL;ZLT>B ÈGL\LLÈGS#LVLT>B \LTLIY[LFILD4E
B LTB WL4K LKTZX WVRLGYLTB Domestic Subsidiaries and 2 Overseas Subsidiaries besides
WL4KGPOTLIWVRLGYLTB EI)LIÈDBVZTvLJKI\LLWLLTGUSEIYC;" audit of other activities listed above.
v. WVRJLZV v. Compliance
GPLTLJMTGPGVLFEWVRJLZVMGHSWVRJLZVMBDBIM)LIGPLLTBJK The Bank has holistic approach to all compliance related
D4BEELOAG7ELTL0LJEH4S'LLD4BEJXL;WVRJLZVÈL*SEKVTHTSRÈLMKS issues, especially regulatory compliance and strive to achieve
H4"È3TE0LJLKCELC;ELTGVGFSWBSKLZJKWVRJLZVETGZ GVGFS compliance in letter and spirit. Each business unit is regularly
JMT ÈGLG\LSWL4KFX:LBGESGELULSLH4"D4BEVT WVRJLZVEL; ET trained and evaluated for compliance at regular intervals. The
FX:LBEVETGZ JGSLBWL4KÈG¹L BGPEGMSEIH4BWL4K TMTFX:LBEV Bank has developed systems and processes for evaluation of
ÈG¹LETJGKLLFELWVRJLZVEIYRLPºLLFTBMRLKETGZ GVGFSJ compliance function and the outcome of such evaluation process
MTGPZTLLGELULSLH4" is regularly analyzed to improve quality of compliance.
vi Vigilance
vi MSE;SL
Bank continued its emphasis on vigilance matters to ensure
MSE;SL ET FLFZLTB EI SRKBS JHQLV EKVT WL4K ETBÇI MSE;SL WLLTY
that vigilance cases are identified quickly and disciplinary action
MIPIMI
ETGOLLGVO;TLLVRMLKWVRLLMVL3FEEL;ELTMFJKJXKLGE
is completed in time, in accordance with Central Vigilance
ULVTELTMRGVGQSEKVTETGZ D4BEVTMSE;SLETFLFZLTBJKWJVLÉLV
Commission (CVC) guidelines.
ETG6ÇSKvLH4"
44
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
M)LI-SKLTBJKÈDZWVRPSI;WL4KGVKBSKGVYKLVIETELKLD4BEETWLELK With vigorous follow up and continuous monitoring at all

ELTÉLVFTBKvSTHR ERZMSE;SLFLFZLTBEIMB<LP-SRSELJ2IEFHLT levels, the number of total vigilance cases have come down
substantially keeping in view the size of the Bank. As on
YC;H4"ELTMSE;SLETERZFLFZTLTL'LT" 31.03.2017 the total outstanding vigilance cases were 397.
GPºLI PL; ET OL4KLV> WºL2XDK> MT VP&DK> SE During FY’17, Vigilance Awareness Week (VAW) was observed
D4BE EI WVRLBGYLTB MGHS M)LI ELL;ZLTB FTB MSE;SL ULYESL M*SLH w.e.f. 31st October’16 to 5th November’16 in all offices including
PI .$:X
FVLLYLS'LLCMM*SLHET OL4KLV>D4BELTB FTB UVMLLKL! subsidiaries of the Bank and during the week, various activities
VLYGKELTBETML'LML'LMFY[)LLKSETGZ GPGPYGSGPGL)LIWLLTGUS within the bank as well as for Public/Citizens were conducted
EIYC;" throughout India.
MXQVLELWGELKWGGVF Right to Information Act
During the period 01.04.2016 to 31.12.2016, the Bank received

MT EI WPG ET OL4KLV D4BE ELT
5963 applications and provided requisite information to 4219
WLPTOVÈL*SHR GUVFTB MT WLPTOELTB ^LKLFLBYIYC; MXQVLN6HTB
applicants and 1742 applications were found exempted under
NJZ$EKLC; YC; WL4KWLPTOVWGGVFET WBSY;SJLLVHIB
the provision of the Act. As on 31.12.2016, 240 applications
JL Y "ELTWLPTOVGV-SLKL ELT were outstanding for disposal (238 applications as on
WLPTOV
HTSR DELL'LT>GU6HTB GVL;GKSMFLPGET )LISKGV-SLGKS 31.03.2016) which was subsequently disposed off within the
EKGOLYL" prescribed timeframe.
UI JGKQLZVL3FEEL;GVJLOVET MBDBFTB GPºLIEL;GVJLOV g. Discussion on Financial performance with respect to
JKQQL; operational performance
FLQ; ET WBSFTB D4BEELERZELKLTDLKEKLT. EIERZ The Bank’s Total Business reached `1041197 crore at the end
PAGETML'LEIPL;OKPL;PAGOU;EKSTHR JK of March’17, registering an absolute increase of `75820 crore
JHRQYL" and a YOY growth of 7.9%.
Q F LVP MBMLV!WL4]LTGYE MBDB FLTQ;T JK ÈFRv YGSGPGL> h. Material Developments in Human Resources/
Industrial Relations front including number of people
GVLTGUS0GºL2LTBEIMB<LMGHS
employed
i. FLVPMBMLVÈDBV
i. Human Resources Management
D4BEWJVT EF;QLGKLTB ELT MPL;GEFH3PJXL; PB FX:PLVWLG-SFLVSL
The Bank recognizes its employees as the most vital and
H4"FLQ; ET WBSFTB WVRLBGYLTB MGHSD4BEET EF;QLGKLTB EIERZ valuable asset. Total number of employees including those in
MB<L'LI" the subsidiaries was 73919 at the end of March’17.
MBPY;PLKEF;QLGKLTBEIMB<L Cadre Wise Staff Strength
MBPY; FLQ; FLQ; Cadre March’16 March’17

MB<L ERZ-7LJ2 MB<L ERZ-7LJ2 Number % of Number % of total
EL EL total staff staff
WGELKI 26805 37.85 29136 39.42 Officer 26805 37.85 29136 39.42
GZGJE 27978 39.51 27949 37.81 Clerks 27978 39.51 27949 37.81
WIV-'L JI7I MMGHS
16018 22.62 16834 22.77 Sub Staff (incl. PTS) 16018 22.62 16834 22.77
ERZ 70801 73919 Total 70801 73919
UVLGºL2LTUVLS'LL)LSI;LTUVL Manpower Planning & Recruitment Planning
)LGPFTBHLTVTPLZIMTPLGVPAGºLLTB>)LLPILLvLNO_ LL7VLTB!YGSGPGLTB>0PML For FY’18, the Manpower Plan was finalized well in time in a
scientific manner, properly taking care of impending retirements,
GP-SLKS'LLW6WLPESLWLTBELTÉLVFTBKvSTHR GPºLIPL;EI future branch openings/activity, business expansions and other
UVLGºL2LTUVLELTP4,LGVESKIETMTMFJKJXKLGELYL" requirements.
EF;QLGKLTBEIWLRÈLTJ2LCZ Age Profile of the Employee
FLVPMBMLVGPELMLTUVLWLTBETMLPLVIJXPE ; GVLTUV PBELL;6PV As a result of the carefully planned and executed Human
ET JGKLLF-PJ>D4BEVT YSJLBQPLLT FTB WLPESLWLLGKS0LJE Resource Development Plans, the Bank undertook need based
45
)LGS;L EIH4B GUMET JGKLLF-PJÈ3TEE4.KFTB EF;QLGKLTB EIWL4MS extensive recruitment in the last five years which also resulted
WLRPL;FTBEFHLTYC;H4"GJ/ZTJLQPLLTB; FTBMBPY;PLKWL4MSWLREI in average age of employees in each cadre came down over
the years. The movement of cadre-wise average age in the last
YGSGPGLBGV&VGZG<LSH4 five years is as under:
GV&V GSG'L JK WL4MS WGELKI GZGJE WIV-'L ERZ Average age as on Officer Clerical Sub-staff All
WLR 31st March’13 49.49 44.70 42.41 45.96
31 FLQ; 2013 49.49 44.70 42.41 45.96
31st March’14 49.12 43.00 40.54 44.66
31 FLQ; 2014 49.12 43.00 40.54 44.66
31st March’15 48.22 41.08 38.79 43.13
31 FLQ; 2015 48.22 41.08 38.79 43.13
46.23 39.67 37.35 41.63 31st March’16 46.23 39.67 37.35 41.63
31 FLQ; 2016
31 FLQ; 2017 44.25 38.68 36.56 40.39 31st March’17 44.25 38.68 36.56 40.39
-7LJ2HTSRE:LLELKILTUVL B Welfare Schemes for Staff

-7LJ2E:LLGVGET WBSY;SWLVT PLZT EF;QLGKLTB ET GZ D4E B FTB GPG)L6V The Bank has various Welfare Schemes for staff covered
E:LLLTUVL BH4"B CVLTUVLWLTB EIGVYKLVIEKVTWL4KMFMFJKCVFTB MRLK under Staff Welfare Fund. A Core Working Group was set up to
monitor the schemes and make improvement in schemes from
EKVTETGZ EELTKPGE;YB Y[JR EI-'LLJVLEIYC;H4"D4E B EIWLPESLVRMLK time to time. Meeting of the Core Working Group is being held
ELTKPGE;YB Y[JR EID4#EMFMFJKWLLTGUSEIULSIH4" from time to time as per need of the Bank.
WLK\LLVIGS Reservation Policy
D4E
B WVRMGX QSULGSLT>B WVRMGX QSUVULGSLTB WL4KW6GJ/.LPY;HTSR MKELK The Bank follows the reservation policy for SCs, STs and OBCs
^LKLMFMFJK'LLGVL;GKSWLK\LLVIGSELWVRJLZVEKSLH4" as prescribed by Government of India from time to time.
MMI! M7I!WLTDIMIEF;QLGKLTBEIMB<L Strength of SC/ST/OBC Employees
MBPY; FLQ; FLQ; CADRE March’16 March’17

MMI M7I WLTDIMI MMI M7I WLTDIMI SC ST OBC SC ST OBC
WGELKI 5477 1914 3080 6161 2158 3998 Officer 5477 1914 3080 6161 2158 3998
GZGJE 5547 1344 5573 5468 1376 6208 Clerks 5547 1344 5573 5468 1376 6208
WIV-'L JI7I M 6687 936 3318 6913 984 3739 Sub Staff (incl. 6687 936 3318 6913 984 3739
MGHS
PTS)
ERZ 17711 4194 11971 18542 4518 13945 Total 17711 4194 11971 18542 4518 13945
JOLT6VGSLB Promotions
GPºLIPL;ETOL4KLV>WGELKIMBPY;ETW6OKM)LIJOLT6VGSÈG¹LWLTB During FY’17, all promotion processes within officers’ cadre
ELT PL; EIJHZIGSFLHIW'LL;SUXVSEJXKLEKGZLYL'LL" were completed in the first quarter of the year i.e. upto June
2016. Number of Officers promoted in different cadres is as
GPG)L6VMBPYLTFTBJOLT6VSWGELGKLTBEIMB<LGV&VLVRMLKH4 under:
-ETZVIMTVII Scale VI to VII : 13
-ETZVMTVI Scale V to VI : 35
-ETZIVMTV Scale IV to V : 90
-ETZIII MTIV Scale III to IV : 470
-ETZIIUPIII Scale II to III : 1348
-ETZI UPII Scale I to II : 1502
GPºLIPL;ET OL4KLV>GV&VGZGvSEF;QLGKLTB EI)LIPE;FTVET.KFTB During FY’17, following number of employees in workmen
cadres have also been promoted:
JOLT6VGSHRC;
GZGJEMTWGELKIEGV#ÈDBV-ETZI 1. Clerks to Officers in JMG Scale-I : 1067
PGK#SLQ4VZ
(Seniority Channel)
: 1951
QVL3FEQ4VZ
(Selectivity Channel)
WIV-'LMTGZGJE 2. Sub staff to Clerks : 1111
46
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
FLVPMBMLVÈDBVÈLLZI Human Resource Management System

D4BEJG$ZEML8¾7J4ETUELNJLTYJI VDIJGKPLKET VLFJKEKKHL Bank is using People Soft Package by the name PNB PARIVAR
H4GUMFTBM)LIEF;QLGKLTBETMBJXL;.L7LDTMLLGFZH4B" QWLK F MET which contains exhaustive database of all the employees.
FLÉFMTPTSVS'LLWOLYIETG6ÇSEIULKHIH4"MFDISVTETML'L Salary and reimbursement are being credited centrally through
HRMS. With the passage of time, HRMS has become more
QWLK F MWGEFUDXSHLT YLH4 WL4K QWLK F MU4MT JI VDI
robust and various new features have been added in HRMS
MFLLV> WL8VZLCV GJ27FTB7 WL8V ÈFLTLV> QWLK F M FLTDLCZ TJ> like PNB Samadhan, Online Fitment on Promotion, HRMS
DL8LTF4G7ENJG-'LGSÈLLZI>WL8VZLCVUIDIJI È-SLPWLGOGPG)L6VVC; Mobile App, Biometric Attendance System, Online GBPA
MRGPLWLTBELTULT.LYLH4" Proposal etc.
WL4]LTGYEMBDB Industrial Relations
D4BEFTBWL4]LTGYEMBDBML4HLO;JXL;KHTWL4KPE;FTVMB L!WL8GJ2MK MLTGM LV Industrial relations in the Bank continued to be cordial with
^LKLN#L Y FRÎLTBJKS3ELZÉLVGOLULSLH4"GPG)L6VFRÎLTBJKQQL; issues raised by Workmen Union/Officers’ Association being
EKVT WL4KN6HTB MRZLVT ET GZ EOFN#LVT HTSR PL; ET OL4KLVDHRFS attended to immediately. Various meetings were held with the
WGÉLELKIMB L!EL;ESL;MB LETÈGSGVGLTBETML'LGPGPD4#ETBWLLTGUS representatives of the majority Officers’ Association/Workmen
Union during the year to discuss various issues and taking
EIULSIH4B" steps to resolve the same.
D4BE?EL;-'LZJKGPGPSLELT FH3POTSLH4 WL4KGPGPJA#)LXGFMT
Bank values “Diversity at Workplace” and to enable employees
EF;QLGKLTBELTWJVIJXKI\LFSLSEJHRBQVTWL4KMBY#VFTBZYLSLKPAG from diverse backgrounds to reach their full potential and
EKVTETGZ M\LFDVLSLH4"D4BEVTFGHZLWLTB>GPEZLBYLTBWL4KWVRMXGQS constantly grow in the the organisation, Bank has created three
ULGS!UVULGS PY; ET EF;QLGKLTB ET GZ SIV GPELML3FE J[ELT# EL developmental cells for Women, Differently Abled and SC/ST
GVFL;LGELH4" employees.
GPºLIPL;ETOL4KLVVC;JHZTB New Initiatives during FY’17
DL8LTFTG7ENJG-'LGSÈLLZI7T%VL8ZLTUIELZL)LN#LVT ET GZ >D4BE Biometric Attendance System: In order to leverage the

FTBDL8LTFTG7ENJG-'LGSÈLLZIELWLKB)LGELYL"PS;FLVFTB HÈLV technology, Biometric Attendance System was introduced
in the Bank. Currently it is operational in Head Office, Zonal
ELL;Z>WBQZELL;ZLTBWL4KFB.ZELL;ZLTBFTBJGKQLGZSH4"
Offices and Circle Offices.
QWLK F M FLTDLCZ TJ JI VDI JGKPLK ÈLVFBLI ET ?G.GU7Z
HRMS Mobile App-PNB PARIVAR: Keeping the pace with
CBG.LJHZEIYGSELTÉLVFTB KvSTHR EF;QLGKLTB ELTMRGPLÈOLVEKVT
PM’s “Digital India” initiative, a mobile App (PNB PARIVAR)
HTSR EFLTDLCZ TJ JI VDIJGKPLK
ELWLKB)LGELYL"CMFLTDLCZ TJ
was launched for employees to facilitate frequently used
EIMHLSLMTWPELLKGU-7K>WLC;7IKGU-7K>PTSVG-ZJ>EF;QLKIELJSL
features viz. Leave Register, IT Register, Salary Slip, Locate
ZYL WLGOMRGPLWLTB ELNJLTYEF;QLKI^LKLGELULMESLH4"
an Employee etc.
ÈGL\LLYGSGPGL Training Activities
D4E
B ETJLM EGL-SKIÈGL\LL0P-'LLH4GUMFTB MT EMPL;1T Q-SKIÈGL\LL The Bank has a three tier training set up comprising of one
ET6ÇCMETGO:ZIFR<LZET6ÇI-7LJ2EL8ZU T MI MMI
FTB G-'LSH4"H apex level training centre ‘Central Staff College’ (CSC) at its
ETÇB ?WGvZ)LLKSI-SKJKLIL;!PGK#!FÉFÈDBVMBPY;ETWGELGKLTB EI Headquarters in Delhi. This Centre caters to the training needs
of Top/Senior/Middle Management Grade officers on ‘All India’
ÈGL\LLWLPESLWLTB EIJXGS;EKSLH4"FRDB C;>ZvV¦WL4KQB.IYETFH3PJXL;
basis. Three Regional Staff Colleges (RSCs) are located at
WL4KKLVIGSEG-'LGSPLZT VYKLTB FTB SIV\LTLI-7LJ2EL8ZU T WLK MMI
important and strategically located cities of Mumbai, Lucknow
G-'LSH4"B CMETWGSGKºL2WL#WBQZÈGL\LLETÇB UT.7IMI
)LIEL;KSH4B and Chandigarh. In addition eight Zonal Training Centres
ULT OTHKLOXV>VC; GO:ZI>UJRK>ELTZELSL>ELTIELT.>ZRGLVL>J7VLWL4K (ZTCs) are also functioning across the country at Dehradun,
KLNKETZLFTB OTL)LKFTB G-'LSH4"B TÈGL\LLETÇB FÉ!EGV#ÈDBVMBPY; New Delhi, Jaipur, Kolkata, Kozhikode, Ludhiana, Patna and
Rourkela. These Training Centers also look after the training
ETWGELGKLT>B GZGJEWL4KWIV-'L-7LJ2EIÈGL\LLWLPESLWLTB ELT
needs of Middle/Junior Management Grade officers, Clerical
)LIJXKLEKSTH4"B and Subordinate Staff.
CMETWGSGKºL2>J2KIOLDLOELÈGL\LLETBÇGPLTLJMTWLC;7IFTBEF;QLGKLTB Further, the Training Centre at Faridabad caters exclusively to
ETÈGL\LLEIWLPESLWLTBELTJXKLEKSLH4WL4KZvV¦G-'LS?JI VDI the training needs of employees in IT and there is an autonomous
CB-7I7µX7WL8J2C6J2LTFT; LV B.74%VLTZL8UI JI VDIWLC;WLC;7I
VLFE E Institute 'PNB Institute of Information & Technology' (PNB IIT),
located at Lucknow.
-PLºLMB-'LLVH4"
Training in outside Training Institutions: The Bank also
ÈGL\LLMB-'LLVLTBETDLÂÈGL\LLD4BEVTWJVTWGELGKLTBELT)LLKS imparted training to its officers in different Grades in specialized
WL4KGPOTLLTBFTBÈGSG#SDLÂÈGL\LLMB-'LLVLTBETFLÉFMTGPLTL\LTLLTBET areas through outside training institutions of repute both in
GPG)L6VY[T.FTBÈGL\LL)LIÈOLVGELH4" India & abroad.
47
WLBSGKE ÈGL\LL GPºLI PL; FTB D.T J4FLVT JK )LSI; ELT ÉLV FTB Internal Training: In view of large scale recruitments in FY’17
KvST HR > NV M)LI VPGVRºL2 WGELGKLTB WL4K EL;ESL; EF;QLGKLTB ET also, ‘Induction Training Programs’ ranging from 2 to 30 weeks
GZ JHZT M*SLHET ?ÈPTLÈGL\LLEL;¹FWLLTGUSGE Y were conducted for all newly recruited Officers and Workmen
Employees to make them branch ready before joining their
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duties in the field. Training programs were also conducted
DVLLYL"FL4UXOLEF;QLGKLTBETGZ ¹TG.7>²GL> M FC;>GPOTLIFRÇL> for the existing employees in key subject areas like Credit,
MXQVLÈL4]LTGYEI> VJI ÈDBV>ULTGvFÈDBVWLGOU4MTÈFRvGPLLTBET Agriculture, SME, Foreign Exchange, Information Technology,
ÈGL\LLEL;¹F)LIWLLTGUSGE Y " NPA Management, Risk Management etc.
ML'LHI>WLBSGKEMBELETÈGL\LLEL4LZELTDLVTHTSRMBELGPELM Besides, Faculty Development Programs (FDP) was also

EL;¹FLTB J2.IJI
EL)LIWLLTUVGELYL" organized for enhancing the training skills of in-house Faculty.
EBJVI! F.IJIÈGL\LLD4E B FTB NºLKLGELKLTUVLETSHSWL4KPGK#!LIL; In Company/MDP Training: As part of succession planning

in the Bank and to enhance managerial skills among Senior/
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Top Management Grade Officers, two in company Leadership
ÈGSG#S ÈGL\LL MB-'LLV ? MWLTWLC; Z ET MHLTY MT OLT VTS3A P GPELM
Development Programs were conducted at 'SOIL' a reputed
EL;¹FWLLTGUSGE Y GUMFTB MHLEFHLÈDBELTB WL4KNJFHLÈDBÉLELTB training institute in which 83 AGMs & DGMs participated. CSC
VT )LLYGZL"MI MMIVT ÈDBVGPELMEL;¹F)LIWLLTGUSGE also conducted 17 Management Development Programs in
GUMFTB PGK#WGELGKLTB ELTÈGL\LLÈOLVGELYL" which 638 senior officials were imparted training.
D4BEEIÈGL\LLVIGSÈ3TEPL;EF;QLGKLTBELTÈGL\LLÈOLVEKVT Training Policy of the Bank envisages a training reach of 50%
EIJGKE:JVLEKSIH4"CMNÎTELTJXKLEKVTEIGOLLFTBGPºLI?PL; employees every year. Towards fulfillment of this objective,
ETOL4KLV>D4BEVTWLBSGKEÈGL\LLETFLÉFMTEF;QLGKLTBET during FY’17, the Bank imparted 297499 man days training
GZ +FGOVLTBELÈGL\LLGOLYLWL4KCMETWGSGKºL2>)LLKS to 45894 employees through in-house training. In addition,
WL4KGPOTLLTBFTBÈGSG#SDLHKIMB-'LLVLTBETFLÉFMTWGELGKLTBELT 20298 man days training has been imparted to 2505 officers at
+FGOVLTBELÈGL\LLGOLYL" reputed outside Institutes in India and abroad.
-'LLGVEÈGL\LLWLJET D4BEVT WL8VZLTETLVEL;¹FWLLTGUS On Location Training: The Bank conducted 366 On-Location
GE Y GUVFTBWGY[FJBGºL2ETEF;QLGKLTBELTGPG)L6VFLT.µX:MJK programs, in which 13842 employees have been imparted
ÈGL\LLÈOLVGELYL" training on different modules.
JI VDIXGVPD4BEELGPGL7C;ZGV;BY*ZT7J2LF;OTLS'LLOTLETDLHK PNB Univ: The Bank’s exclusive e-learning platform accessible

24X7 to all employees across the country has made a steady
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progress in terms of course material offered and usage. Total
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courses updated in PNB Univ (e-Learning portal) are 28
C;ZGV;BYJLT7Z
;
FTBW]SVERZJL#µ¹FH4B>GUVFTBGPLLTBET wherein 155 topics carry 6296 slides. Total distinctive users as
-ZLC.H4B"ELTERZGPGL7NJLTYESL;H4B WL4K on 31.03.2017 were 46175 and total Apps downloaded were
.LNVZLT.GE Y ERZ G*ZETLVH4B" 30767.
48
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
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49
AUDITORS’ CERTIFICATEON CORPORATE GOVERNANCE
To the Members of Punjab National Bank

We have examined the compliance of conditions of Corporate Governance by Punjab National Bank for the year ended on March
31, 2017, as stipulated in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’),
as applicable during the relevant year.
The compliance of conditions of Corporate Governance is the responsibility of the Management. Our examination was carried out
in accordance with the Guidance Note on Certification of Corporate Governance, issued by the Institute of Chartered Accountants
of India, and was limited to procedures and implementation thereof, adopted by the Bank for ensuring the compliance of the
conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Bank.
In our opinion and to the best of our information and according to the explanations given to us and subject to following:
Optimum combination of Independent Directors is not strictly adhered to in the composition of Board of Directors in terms of
Regulation 17(1)(b) and Audit Committee in terms of Regulation 18(1)(b) of SEBI LODR Regulations 2015. In the opinion of
the management, appointment of Directors and constitution of the Board and the audit committee is governed by the Banking
Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Reserve Bank of India Directives.
We certify that the Bank has, in all material aspects, complied with the conditions of Corporate Governance as stipulated in the
above mentioned SEBI Regulations to the extent these do not violate the Banking Regulation Act, 1949 and Banking companies
(Acquisition and Transfer of Undertakings ) Act, 1970.
We state that no investor grievance is pending for a period exceeding one month against the Bank as per the records maintained
by the Stakeholders Relationship Committee.
We further state that such compliance is neither an assurance as to the future viability of the Bank nor the efficiency or effectiveness
with which the Management has conducted the affairs of the Bank.
FOR CHHAJED & DOSHI FOR R. DEVENDRA KUMAR & FOR HEM SANDEEP & CO.
Chartered Accountants ASSOCIATES Chartered Accountants
Firm Regn. No. 101794W Chartered Accountants Firm Regn. No.009907N
Firm Regn. No.114207W
Sudesh Punhani Neeraj Golas Manish Gupta

Partner Partner Partner
(M.NO.017222) (M.NO.074392) (M.NO.092257)
FOR SURI & CO. FOR SPMG & CO.

Chartered Accountants Chartered Accountants
Firm Regn. No.004283S Firm Regn. No.509249C
R. Mahesh Satish Chander

Partner Partner
(M.NO.024775) (M.NO.087562)
Place: New Delhi
Date: May 16, 2017
50
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
HWZHGTMMNWKLHLKMU8<
Report on Corporate Governance
51
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52
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Report on Corporate Governance

1. Corporate Governance Philosophy
The Bank believes in enhancing investor and other stakeholders’ confidence and setting high standards of transparency,
ethical values for improving efficiency and growth of the organization. The Bank is committed to strong Corporate Governance
practices based on openness, professionalism and accountability.
Our corporate structure, business, operations and disclosure practices have been strictly aligned to the above Corporate
Governance Philosophy.
The Bank being a body corporate and a listed entity is regulated by Reserve Bank of India (RBI), The Banking Companies
(Acquisition and Transfer of Undertakings), Act, 1970 (The Act) and SEBI ( Listing Obligations and Disclosure Requirements),
Regulations, 2015 [SEBI (LODR) Regulations] to the extent these do not violate the Act and RBI guidelines.
Board of the Bank strives to optimize value for all stakeholders like shareholders, employees, customers and the society
at large.
2. Board of Directors
The Board of the Bank is constituted in accordance with the provisions of the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970, the Nationalized Banks (Management & Miscellaneous Provisions) Scheme, 1970, and the
Banking Regulation Act, 1949.
2.1 Composition of the Board of Directors as on 31.03.2017 with date of their appointment, category, other board
positions held etc. is given below:
S. Name of Director Date of Category of Membership/ Chairmanship / No. of

No. Appointment Director Chairman Membership of Audit Shares held
ship of Sub- Committee and Share- by Director
Committees of holders’ / Investors’
Board of the Grievance Committee
Bank in other Companies
1 Sh. Sunil Mehta 16.03.2017 Non-Executive 06 1) IIML Asset Advisers Nil

Chairman Pvt. Ltd.
2 Ms. Usha Ananthasubramanian* 14.08.2015 Executive 16 Nil Nil
Managing Director & CEO
3 Sh. K. V. Brahmaji Rao 22.01.2014 Executive 14 Nil Nil
4 Dr. Ram S. Sangapure 13.03.2014 Executive 14 Nil Nil
5 Sh. Sanjiv Sharan 15.09.2016 Executive 13 Nil Nil
6 Sh. Anil Kumar Khachi 22.07.2016 Non-Executive 10 Nil Nil
(Govt. official
Director)
7 Dr. Rabi N. Mishra 26.04.2016 Non-Executive 05 Nil Nil
(RBI official
Director)
8 Sh. Mahesh Baboo Gupta 05.08.2016 Non-Executive 08 Nil Nil
(CA Director)
9 Ms. Hiroo Mirchandani 02.05.2015 Shareholder 06 1)TataTeleservices 200
Director (Maharashtra) Ltd.
2)Tata Communications
Payment Solutions Ltd.
3)Religare Health
Insurance Co. Ltd.
4)Roots Corp. Ltd.
5) DFM Foods Ltd.
10 Sh. Sudhir Nayar 19.12.2015 Shareholder 09 1) SML ISUZU Ltd. 200
Director
53
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D4BEVTWJVT-PSBLGVOTLELTBETGZ D4BEEIPTDMLC;7https://www.pnbindia.in/Regulatory.htmlJKJGKQL3FEEL;¹FGOLYLH4"
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54
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
* Shri Sunil Mehta joined as Managing Director & C.E.O. w.e.f. 05th May, 2017 in place of Ms. Usha Ananthasubramanian.
Shri Sunil Mehta was earlier Executive Director at Corporation Bank.
The Bank confirms that none of the Directors are related inter-se.
The Bank imparts familiarization programmes for its independent directors, which is posted on the website of the Bank i.e.
https://www.pnbindia.in/Regulatory.html
2.2 The following members ceased to be the Directors during the year:
S. Name of Director Category of Director Date of cessation Reason

No.
1 Sh. B. P. Kanungo Non-Executive 26.04.2016 Replaced by R.B.I.
(RBI Nominee)
2 Sh. Rajesh Kumar Aggarwal Non-Executive 14.06.2016 Replaced by D.F.S.
(GoI Nominee)
3 Sh. Dilip Kumar Saha Non–Executive 25.06.2016 Term expired
(Officer Employee Director)
4 Sh. Madnesh Kumar Mishra Non-Executive 22.07.2016 Replaced by D.F.S.
(GoI Nominee)
5 Sh. Rajinder Mohan Singh Shareholder Director 16.01.2017 Resigned
6 Sh. G. P. Khandelwal Non-Executive 23.01.2017 Term expired
(Nominated by Govt.)
2.3 Board meetings were held during the year as per details given below:
S. No. Date of the Meeting Total No. of Directors on the Board No. of Directors present in the meeting
1. 30.04.2016 10 10
2. 17/18.05.2016 10 09
3. 29.06.2016 09 09
4. 27.07.2016 09 09
5. 28.07.2016 09 09
6. 30.08.2016 10 10
7. 22.09.2016 11 10
8. 04.11.2016 11 10
9. 05.11.2016 11 10
10. 29.11.2016 11 11
11. 30.12.2016 11 10
12. 06.02.2017 09 09
13. 07.02.2017 09 08
14. 13.02.2017 09 08
15. 14.03.2017 09 09
16. 28.03.2017 10 10
2.4 Total number of Board meetings & last Annual General Meeting (AGM) attended by Directors during the Financial
Year are as under:
S. Name of Director Board Meetings held Board Meetings Attendance in

No. during their tenure attended last AGM
1 Sh. Sunil Mehta 01 01 N.A.
2 Ms. Usha Ananthasubramanian 16 16 Yes
3 Sh. K. V. Brahmaji Rao 16 14 Yes
4 Dr. Ram S. Sangapure 16 15 Yes
5 Sh. Sanjiv Sharan 10 10 N.A.
6 Sh. Rajesh Aggarwal 02 01 N.A.
7 Sh. Madnesh Kumar Mishra 01 01 No
55
8 Sh. Anil K Khachi 13 11 N.A.
9 Sh. B. P. Kanungo 00 00 N.A.
10 Dr. Rabi N. Mishra 16 16 No
11 Sh. G. P. Khandelwal 11 11 No
12 Sh. Mahesh Baboo Gupta 11 10 N.A.
13 Sh. Dilip Kumar Saha 02 02 N.A.
14 Ms. Hiroo Mirchandani 16 16 Yes
15 Sh. Rajinder Mohan Singh 11 11 Yes
16 Sh. Sudhir Nayar 16 16 Yes
N.A.: Not a director during the relevant period.
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GV&VPSH4 Financial Year is given below:
Sh. Sunil Mehta
+IMRVIZFTHSL
Government of India appointed Sh. Sunil Mehta, B. Com. (Hons.),
)LLKS MKELK VT +I MRVIZ FTHSL> DI EL8F WLVM;
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WL8J2F4VTUFTB7MT J2MI WLC;MI WLC; FJIELT MT executive Chairman of the Bank, with effect from 16.03.2017 till
LWYZT WLOTLSEULT )LIJHZT HLT>ET GZ D4BEEL 15.02.2020 or until further orders, whichever is earlier. He has
Y4KEL;JLZEQTKF4VGVRºL2GELYLH4"N6HTBD4BGEBY>GPºLIMTPL B> over 33 years of experience in Banking, Financial Services,
DIFLPGVPTLFTBPLLTELWVR)LPH4"HFLKTDLT.;FTBY4KEL;JLZE Insurance and Investment. Prior to his joining our Board as
QTKF4VGVRºL2HLTVT MT JHZT PH)LLKSI-7T7D4BEET GVOTLEFB.Z non-executive Chairman, he was Independent Director on the
Board of State Bank of India.
FTB-0LSBLGVOTLE'LT"
Sh. Sanjiv Sharan
+IMBUIPLKL
Sh. Sanjiv Sharan B. Sc. CAIIB was appointed as Executive
+IMBUIPLKL>DI MMI>MI WLC;WLC;DIELTMT Director with effect from 15.09.2016 till 31.05.2019 or until
LWYZTWLOTLLTBSE>ULT)LIJHZTHLT>ETGZ EL;JLZEGVOTLEGVRºL2 further orders, whichever is earlier. He has over 33 years of
GELYLH4"NVETJLMKL7I²SD4BEFTBPLLTELWVR)LPH4" experience in Nationalized Bank.
.L8KGD VGF+L Dr. Rabi N Mishra
.L8KGD VGF+L>JI Q.I W'L;LL-L

ELTMTWYZTWLOTLLTB Dr. Rabi N Mishra, Ph.D. (Economics), was nominated as
Director with effect from 26.04.2016 till further orders. He has
SEGVOTLEETJFTBVLFLBGESGELYLH4"N6HLTBVT)LLKSIGKUP;D4BE
worked in various capacities at RBI and presently heading the
FTBGPG)L6VJOLTBJKEL;GELH4WL4KPS;FLVFTBQ46VC;ET)LLKSIGKUP; Training Institute for Senior Officers of RBI at Chennai.
D4BEETPGK#WGELGKLTBHTSRÈGL\LLMB-'LLVETÈFRvH4B"
Sh. Madnesh Kumar Mishra (ceased to be Director w.e.f.
+IFOVTLERFLKGF+L MTGVOTLEVHIBH4B
22.07.2016)
+IFOVTLERFLKGF+L>DI7TEPÈDBVFTBJI Q.IMTWYZT Sh. Madnesh Kumar Mishra, B. Tech., Ph. D. in Management,
WLOTLLTBSEGVOTLEVLFLBGESGETYTH4"NVETJLMMKELKETGPG)L6V was nominated as Director with effect from 14.06.2016 till further
GP)LLYLTBFTBEC;BJOLTBJKEL;EKVTELPLLTELWVR)LPH4" orders. He has over 26 years of administrative experience in
various capacities in different Government Departments.
56
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
+IWGVZERFLKvLQI Sh. Anil Kumar Khachi
+IWGVZERFLKvLQI> F W'L;LL-L
P F W6SKL;7ITGPELM Sh. Anil Kumar Khachi, M.A. (Eco.) and M.A. (Intl. Dev. Studies)
WÉV
ELTMTWYZTWLOTLLTBSEGVOTLEVLFLBGESGEL was nominated as Director with effect from 22.07.2016 till further
orders. He has over 30 years of administrative experience in
YL'LL"NVETJLMMKELKETGPG)L6VGP)LLYLTBFTBEC;JOLTBJKEL;EKVT
various capacities in different Government Departments.
ELPLLTELWVR)LPH4"
Sh. Mahesh Baboo Gupta
+IFHTLDLDXYR*SL
Sh. Mahesh Baboo Gupta, B. Com. FCA, was nominated as
+IFHTLDLDXYR*SL>DIEL8F> J2MI ELTMTL Director with effect from 05.08.2016 till 25.07.2019 or until
WYZTWLOTLLTBSE>ULT)LIJHZTHLT>ETGZ GVOTLEVLFLBGESGELYL further orders, whichever is earlier. He has over 31 years
H4"NVET JLMF4MM; FDIYR*SL B.EBJVIET MB-'LLJEET ML'LML'L experience as practicing Chartered Accountant as founder of
M/s M. B. Gupta & Co.
È4G%7GMBYQL7;T. ELNB7T7ETJFTBPLLTELWVR)LPH4"
3. Sub-Committees of the Board
DLT.;EINJMGFGSL
The Board of Directors of the Bank has constituted various
D4BEETGVOTLEFB.ZVTGVYGFSLLMVWL4KULTGvFÈD6VJK)LLKSI Sub-Committees of Directors and / or Executives to look into
GKUP; D4BE!MTDI )LLKS MKELK ET GOLL GVO;TLLTB EI LSL;VRMLK FH3PJXL; different areas of strategic importance in terms of Reserve Bank
KLVIGSLTB ET GPG)L6V \LTLLTB ELT OTvVT ET GZ GVOTLELTB WL4K!W'LPL of India / SEBI / Government of India guidelines on Corporate
EL;JLZELTBEIGPG)L6VNJMGFGSLBYG#SEIH4" Governance and Risk Management.
DLT.;EIZTvLJKI\LLMGFGS MIDI

3.1 Audit Committee of the Board (ACB)
The Audit Committee of the Board (ACB) has been constituted
)LLKSI GKUP; D4BE ET JGKJL MB.IWLT M MB BC/3/08.91.020/97 by the Bank in terms of Reserve Bank of India (RBI) circular
GOVLBE > WL4K )LLKSI GKUP; D4BE EI W6 FL4UXOL GOLLGVO;TLLTB No.DOS. No. BC/3/08.91.020/97 dated 20.01.97, and other
WL4KMTDI ZWLT.IWLK
GPGVFV>ET WJT\LLVRMLKD4BE^LKLDLT.; extant guidelines of RBI and as required under SEBI (LODR)
EIZTvLJKI\LLMGFGS MIDI
ELY#VGELYLH4"MGFGSETFR< Regulations 2015. The main functions of the Committee are
EL;GV&VPS_H4B as under:-
● GVO;TLOTVL PBMBY#V>MBQLZV>WLBSGKEZTvLJKI\LLEIYRLPºLL ● Providing direction and overseeing the total audit function
of the Bank including the organization, operationalisation,
GVBLLMGHSD4BEETMFY[ZTvLJKI\LLELLTEIGVYKLVIPD4BE quality control of internal audit and inspection and follow
EIMLBGPGE!DLÂZTvLJKI\LLELLT PB )LLKSIGKUP; D4BEET up on the statutory/external audit of the Bank and
GVKI\LLETMBDBFTBWVRPSI;ELK;PLC;EKVL" inspections of RBI.
● GSFLHI !PLGL;E GPºLI -7T7FTB7LTB P GKJLT7LT ET MBDB FTB ET6ÇI ● To interact with Statutory Central Auditors in respect of
approval of quarterly/annual Financial Statements and
MLBGPGE ZTvL JKI\LELTB MT GPQLKGPFL; EKVL WL4K ZLBY J2LF; Reports and also follow up on all the issues raised in the
WL8G.7 GKJLT7; FTB N#L Y MF-S FLFZLTB JK WVRPSI; ELK;PLC; Long Form Audit Report.
EKVL"
● To review the internal inspection/Audit function of the
● D4BE ET WLBSGKE GVKI\LL!ZTvL JKI\LL MBDBI ELLT WVRPSI; Bank – the system, its quality and effectiveness in terms
ELK;PLC; ET JFTB ÈLLZI>YRLPºLL PB È)LLPLIZSLEIMFI\LL of follow up.
EKVL" ● Overseeing the Bank’s financial reporting process and
the disclosure of its financial information to ensure
● HMRGVGQSEKVT ET GZ GEGPºLIGPPKLMHI>JL;*SWL4K that the financial statements are correct, sufficient and
GPPMVIH4>D4BEEIGPºLIGKJLTG7;BYÈG¹LEIGVYKLVIWL4K credible.
CMEIGPºLIMXQVLWLTBELÈE7IEKL" ● To review with the Management, the Annual Financial
● DLT.; ET MF\L WVRFLTOVL'L; È-SRS EKVT MT JXP;> ÈDBV ET ML'L> Statements and auditors’ report thereon before
submission to the Board for approval and also about the
PLGL;EGPºLIGPPKLLTB WL4KZTvLVIGSLTB FTB JGKPS;VEIMFI\LL changes in the Accounting Policies.
EKVL"
● To review related party transactions.
● M&DJL7I;7LBUT%LVLTBEIMFI\LL"
● To discharge the functions in terms of the SEBI (LODR)
● MLP;UGVE \LTL ET D4ELTB ET FL4UXOL ZLYX MTDI ZWLT.IWLK
Regulations, 2015 to the extent applicable to Public
GPGVFV>EILSL;VRMLKEL;ELGVJ7LVEKVL" Sector Banks.
The Company Secretary acts as Secretary to the Committee
E&JVIMGQPMTDI ZWLT.IWLK
GPGVFV>EIGPGVF
in terms of Regulation 18 (1) (e) of SEBI (LODR) Regulations,
C;
EILSL;VRMLKMGFGSETMGQPETJFTBEL;EKSTH4B" 2015.
57
EIG-'LGSETWVRMLKMGFGSEIMBKQVL Composition of the Committee as on 31.03.2017:
+IMRIKVLKMGFGSETWÉ\L 1. Sh. Sudhir Nayar - Chairman of the Committee
+IETPID[ÄLUIKLP 2. Sh. K. V. Brahmaji Rao
+IWGVZERFLKvLQI 3. Sh. Anil Kumar Khachi
.L8KGD VGF+L 4. Dr. Rabi N. Mishra
+IFHTLDLDXYR*SL 5. Sh. Mahesh Baboo Gupta
WLFBGLS Invitees:
.L8KLF MMBYLJXKT 1. Dr. Ram S. Sangapure
+IMBUIPLKL 2. Sh. Sanjiv Sharan
GPºLIPL;ETOL4KLVWLLTGUSD4#ELTBET$L4KT Details of meetings held during the Financial Year:
¹MB D4#EEISLKIv MGFGSFTB D4#EFTBNJG-'LS S.No. Date of the Total No. of No. of Directors
GVOTLELTBEIERZ GVOTLELTBEI Meeting Directors of the present in the
MB<L MB<L Committee Meeting
1. 17.05.2016 05 04 1. 17.05.2016 05 04
2. 29.06.2016 05 05 2. 29.06.2016 05 05
3. 27.07.2016 05 05 3. 27.07.2016 05 05
4. 28.07.2016 05 05 4. 28.07.2016 05 05
5. 29.08.2016 06 05 5. 29.08.2016 06 05
6. 22.09.2016 05 03 6. 22.09.2016 05 03
7. 04.11.2016 05 04 7. 04.11.2016 05 04
8. 05.11.2016 05 04 8. 05.11.2016 05 04
9. 29.11.2016 05 05 9. 29.11.2016 05 05
10. 30.12.2016 05 04 10. 30.12.2016 05 04
11. 06.02.2017 05 05 11. 06.02.2017 05 05
12. 07.02.2017 05 04 12. 07.02.2017 05 04
13. 14.03.2017 05 05 13. 14.03.2017 05 05
14. 28.03.2017 05 05 14. 28.03.2017 05 05
GPºLIPL; ET OL4KLVMO-GVOTLELTB ^LKLD4#ELTB FTB )LLYZTVT EI No. of meetings attended by Member-Directors during the
Financial Year:
MB<L
¹ GVOTLEELVLF EL;ELZETOL4KLV GESVI S. No. Name of Director Meetings Meetings
MB WLLTGUSD4#ELTBEI D4#ELTBFTB held during attended
their tenure
MB<L NJG-'LSHR
+IMRIKVLK 1. Sh. Sudhir Nayar 12 12
+IETPID[ÄLUIKL8P 2. Sh. K. V. Brahmaji Rao 14 11
+IWGVZERFLKvLQI 3. Sh. Anil Kumar Khachi 12 09
+IFOVTLERFLKGF+L 4. Sh. Madnesh Kumar Mishra 01 01
.L8KGD VGF+L 5. Dr. Rabi N. Mishra 14 14
+IUIJIv.TZPLZ 6. Sh. G. P. Khandelwal 02 02
+IFHTLDLDXYR*SL 7. Sh. Mahesh Baboo Gupta 09 08
+IKLGU6OKFLTHVGMBH 8. Sh. Rajinder Mohan Singh 05 05
ULTGvFÈDBVMGFGS 3.2 Risk Management Committee
ULTGvF ÈD6V MGFGS WLK FMI

ULTGvF ÈD6V JK )LLGKD4BE JL Risk Management Committee (RMC) has been constituted
as per RBI letter DBOD No. BP-520/21.04.103/2002-03
MB DBOD No. BP-520/21.04.103/2002-03GOVLBEWL4K dated 12.10.2002 on risk management and Regulation 20 of
58
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MTDIGPGVFV ZWLT.IWLK
ET GPGVFET WVRMLKYG#S SEBI (LODR) Regulations 2015. The committee has overall
EIYC; H4"MGFGSD4BEET MF-SULTGvFET ÈD6VET GZ NºLKOLI responsibility of managing entire risk of the bank, devising
suitable risk management policy including credit, market and
H4>D4BEEIULTGvFÈD6VJL8GZMILTUVLDVLSIH4GUMFTBL>FLE;T7 operational risks, risk integration, implementation of best risk
S'LLWL8JKTLVZGK-E>GK-ECBG7Y[TLV>NºLFULTGvFÈD6VÈTG%7MELT management practices and setting up various risk limits of the
G¹LBGPSS'LLD4BEEIGPG)L6VULTGvFMIFLWLTBELTGVL;GKSEKSIH4" bank.
EIG-'LGSETWVRMLKMBKQVL Composition as on 31.03.2017:

1. Sh. Sunil Mehta - Chairman of the Committee
+IMRVIZFTHSL MGFGSETWÉ\L
MR+INLLWVBSMRD[ÄV 2. Ms. Usha Ananthasubramanian

MR+IHIFIKQ6OLVI 7. Ms. Hiroo Mirchandani
GPLTLWLFBGLS Special Invitees:
+I VWLK)LXLVXF;'LULTGvFÈDBVGPLTL, 1. Sh. N. R. Bhusnurmath - Risk Management Expert
.L8DIFRvLTJLÉLULTGvFÈDBVGPLTL, 2. Dr. B. Mukhopadhyay - Risk Management Expert
GPºLI PL; ET OL4KLV WLLTGUS D4#ELTB FTB MO- GVOTLELTB ET No. of meetings attended by Member-Directors during the
Financial Year:
NJG-'LSHLTVTEIMB<L
¹MB GVOTLEELVLF EL;ELZET GUSVID4#ELTB S. Name of Director Meetings Meetings
No. held during attended
OL4KLVWLLTGUS FTBNJG-'LSHR their tenure
D4#ELTBEIMB<L 1. Sh. Sunil Mehta 01 01
+IMRVIZFTHSL
2. Ms. Usha Ananthasubramanian 04 04
MR+INLLWVBSMRD[ÄV
3. Sh. K. V. Brahmaji Rao 04 04
+IETPID[ÄLUIKL8P
4. Dr. Ram S. Sangapure 04 04
.L8KLF MMBYLJXKT
5. Sh. Sanjiv Sharan 02 02
+IMBUIPLKL
6. Sh. G. P. Khandelwal 03 02
+IUIJIv.TZPLZ
MR+IHIFIKQ6OLVI 7. Ms. Hiroo Mirchandani 04 04
-7TEHLT:.M;GKZTLVGLJEFT7I 3.3 Stakeholders’ Relationship Committee
The Committee has been constituted in terms of Regulation

MGFGSMTDIGPGVFV ZWLT.IWLK
>ETGPGVFEILSL;VRMLK
20 of SEBI (LODR) Regulations, 2015. The Committee looks
YG#S EI YC; H4" MGFGS LTKLKELTB WL4K DLB.LKELTB EI GLELSLTB EI into the mechanism of redressal of grievances of shareholders,
GVYKLVIWL4KNVELGVJ7LVS'LLW6MRK\LLLKELTBELTOTvSIH4" bondholders and other security holders.
+IMRIKVLK MGFGSETWÉ\L 1. Sh. Sudhir Nayar - Chairman of the Committee
GPºLI PL; ET OL4KLV WLLTGUS D4#ELTB FTB MO-GVOTLELTB EI NJG-'LGS No. of meetings attended by Member-Directors during the
EIMB<L Financial Year:
59
¹MB GVOTLEELVLF EL;ELZET GUSVID4#ELTBFTB S. Name of Director Meetings Meetings
OL4KLVWLLTGUS NJG-'LSHR
their tenure
D4#ELTBEIMB<L
1. Sh. Sudhir Nayar 06 06
+IMRIKVLK
+IETPID[ÄLUIKLP
.L8KLF MMBYLJXKT 3. Dr. Ram S. Sangapure 06 06
+IDZDIKGMBH>EBJVIMGQP>MTDI ZWLT.IWLK
GPGVFV>ET Shri Balbir Singh, Company Secretary, is the Compliance Officer
GPGVF
ETWVRMKLFTBWVRJLZVLWGELKIH4B" in terms of Regulation 6 (1) of SEBI (LODR) Regulations, 2015.
GPºLIPL; ET OL4KLVLTKLKELTB!DLB.LKELTB MT ÈL*SGLELSLTB EI Status of Shareholders’/bondholders’ complaints received
during the year:
G-'LGS
PL;ETOL4KLVÈL*SGLELSLTBEIMB<L Total no. of complaints received during 2016-17 – 15
LTKLKELTBEIMBSRG7SEGLELSLTBELGVJ7LVV No. of complaints not resolved to the satisfaction of

HLTVTEIMB<L LX6 shareholders – Nil
GOVLBESEZG&DSGLELSLTBEIMB<L LX6 No. of complaints pending as on 31.03.2017 -- Nil
VLFLBEVMGFGS 3.4 Nomination Committee
MTDI ZWLT.IWLK
GPGVFV>ETGPGVFWL4KWLKDIWLC;JL The Nomination committee has been constituted as per
MB46&47/29.39.01/2007-08GOVLBEETWLLKJKD4BE Regulation 19 of SEBI (LODR) Regulations, 2015 and RBI
letter No. 46&47/29.39.01/2007-08 dated 01.11.2007 to
ET DLT.; ET GZ LTKLKEGVOTLELTB ET QRVLPET GZ VLFLBEVÈ-SRS determine the fulfillment of 'fit and proper' criteria in respect of
EKVTPLZTN&FIOPLKLTBETM&D6FTB??NJRºL2S'LLMFRGQSFLVELTBEL candidates submitting nominations for election as Shareholder
WVRJLZVMRGVGQSEKVTETGZ WL4KQRVLPWLLTGUSEKVTHTSRVLFLBEV Director(s) on the Board of Bank, as and when elections are
MGFGSELY#VGELYLH4" held.
Composition as on 31.03.2017:
EIG-'LGSWVRMLKMBKQVL
1. Sh. Sunil Mehta - Chairman of the Committee
+IMRVIZFTHSLMGFGSETWÉ\L
2. Sh. Anil Kumar Khachi
+IWGVZERFLKvLQI
3. Sh. Mahesh Baboo Gupta
+IFHTLDLDXYR*SL
4. Sh. Sudhir Nayar
+IMRIKVLK
No meeting of the Nomination Committee was held during
GPºLIPL;ETOL4KLVMGFGSEIELTC; D4#EWLLTGUSVHIBHRC; " 2016-17.
JLGK+GFEMGFGS 3.5 Remuneration Committee
MGFGSMTDI ZWLT.IWLK
GPGVFV>ET WVRMLKMKELKET JL The Committee constituted as per SEBI (LODR) Regulations,
GOVLBEET^LKLGVL;GKSYRLL3FEWL4KFLLL3FEJ4KLFI7KLTBET 2015, reviews performance of the whole-time directors to
decide payment of incentive for MD & CEO and Executive
WLLKJK>D4BEETÈD6GVOTLES'LLEL;JLZEGVOTLELTBETÈLT3MLHV Directors based on the qualitative and quantitative parameters
)LRYSLVETGVL;HTSRJXL;ELGZEGVOTLELTBEIMFI\LLEKVTETGZ YG#S prescribed by Government of India vide its communication
EIYC;H4" dated 28.11.2013.
EIG-'LGSWVRMLKMBKQVL Composition as on 31.03.2017:
+IMRVIZFTHSLMGFGSETWÉ\L 1. Sh. Sunil Mehta - Chairman of the Committee

2. Sh. Anil Kumar Khachi
+IWGVZERFLKvLQI
3. Dr. Rabi N. Mishra
.L8KGD VGF+L
4. Ms. Hiroo Mirchandani
MR+IHIFIKQ6OLVI
No meeting of the Remuneration Committee was held during
GPºLIPL;ETOL4KLVMGFGSEIELTC; D4#EWLLTGUSVHIBHRC; " 2016-17.
60
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
ÈD6VMGFGS FMI
3.6 Management Committee (MC)
KL7I²SD4BELTB EI ÈD6V PB GPGPÈLPLV

LTUVL! The Committee has been constituted in terms of Section 13 of
Nationalized Banks (Management and Miscellaneous Provisions)
EILKLETWVRMLKMGFGSYG#SEIYC;H4"MGFGSGV&VGZGvSFOLTB> Scheme 1970/1980. The committee considers following matters
ULT GE F.IMIC;WLT!ÈELLWVRFLTOVMGFGS QWLTMI MI
""" which are beyond the discretionary powers of MD & CEO/Head
ETGPPTELIVWGELKLTBMTJKTH4B>JKGPQLKEKSIH4" Office Credit Approval Committee (HOCAC) III:-
E LÈ-SLPLTBEI-PI²GS GVGWLLGKS PBY4KGVGWLLGKS

a) Sanctioning of credit proposals (Fund based & Non-Fund
based),
v LMFL4SL!DËÑTvLSTÈ-SLP b) Loan compromise/write-off proposals,
Y JXUIWL4KKLU-PvQ;ETWVRFLTOVL'L;È-SLP c) Proposal for approval of capital and revenue

expenditure,
L JGKMKLTB ELWGY[HL PB GEKL JKZTVT ET FLVOB.LTB FTB GPQZV d) Proposals relating to acquisition and hiring of premises
MBDBIÈ-SLP including deviation from norms for acquisition and hiring
of premises,
. FREOFL!WJIZOLKEKVT MT MBDBGSÈ-SLP>NVELDQLPEKVL
e) Proposals relating to filing of suits/appeals, defending
C3LGO them etc.
Q B.KKLCG7BYMGHSMKELKI PBW6WVRFLTGOSÈGS)LXGSLTB>EBJGVLTB f)
W Proposals for Investments in Government and other
ETWBLJLLTBWL4KLJLLTBFTBGVPTLELTETGZ È-SLP approved securities, shares and debentures of companies
including underwriting,
/ OLVMTM&DG6SÈ-SLP g) Proposals relating to Donations,
U DLT.;^LKLÈTGLSELTC;W6FLFZL h) Any other matter referred by the Board.
EIG-'LGSETWVRMLKMBKQVL Composition as on 31.3.2017
MR+INLLWVBSMRD[ÄVMGFGSEIWÉ\LL 1. Ms. Usha Ananthasubramanian - Chairperson of the

Committee
+IETPID[ÄLUIKLP
2. Sh. K. V. Brahmaji Rao
PL; ET OL4KLVD4#ELTB ELWLLTUVGELYLWL4KD4#ELTB ET DIQ 18 meetings were held during the year and maximum gap
WGESFWBSKLZGOVLTBEL'LL" between two meetings was 30 days.
MB<L Financial Year:
S. Name of Director Meetings Meetings

¹MB GVOTLEELVLF EL;ELZET GESVID4#ELTB
D4#ELTBEIMB<L
MR+INLLWVBSMRD[ÄV
+IETPID[ÄLUIKL8P
.L8KLF MMBYLJXKT
+IMBUIPLKL
5. Dr. Rabi N Mishra 18 18
.L8KGD VGF+L
MR+IHIFIKQ6OLVI 7. Ms. Hiroo Mirchandani 11 09
61
ÈELLWVRFLTOVMGFGS -SK"""
3.7 Head Office Credit Approval Committee (Level – III)
ÈELLWVRFLTOVMGFGS-SK"""ELY#VGPºLFBLLZ FWLT J2
> The HO Credit Approval Committee Level III has been
GPºLIMTPL BGP)LLY .I J2 M
EIWGMXQVLGOVLBEEI constituted in terms of Department of Financial Services
(DFS), Ministry of Finance (MoF) notification dated 05.12.2011.
LSL;VRMLKGELYLH4"ÈELLWVRFLTOVMGFGS-SK"""
It considers the credit proposals above `150 crores and up to
EKLT. MT WGEWL4KEKLT. EZ
SEWL4KEKLT. MT `400 crores (standalone) and above `300 crores and up to
WGEWL4KEKLT. MFXH %MJLTUK
SEETLÈ-SLPLTBJK `800 crores (group exposure). The committee also considers
GPQLKEKVTETML'LML'L F.I PBMIC;WLTEIJXP;FTBGVGHSLGºL2LTBEI OTS/Compromise/Write off proposals to the extent of powers
MIFLSEWLT7I M!MFL4SL!D7_7LvLSLÈ-SLPLTBJK)LIGPQLKEKSIH4" earlier vested with MD & CEO.
EIG-'LGSWVRMLKMBKQVL Composition as on 31.03.2017
1. Ms. Usha Ananthasubramanian - Chairperson of the

MR+INLLWVBSMRD[ÄVMGFGSEIWÉ\LL Committee
NºL2DLT.;MO-LTBETWGSGKºL2GV&VGZGvSELL;3FEGP)LLYLTBETFHLÈDBE Besides the above Board members, General Managers of

)LIMGFGSETMO-H4B" the following functional Divisions are also members of the
Committee:
i GPºLÈ)LLY
i) Finance Division
ii LÈ)LLY ii) Credit Division
iii EI²SULTGvFÈDBVÈ)LLY iii) Integrated Risk Management Division
iv WBSKL;7ID4BGEBYÈ)LLY iv) International Banking Division
MB<L Financial Year:
¹MB GVOTLEELVLF NVETEL;ELZET D4#EFTB S. Name of Director Meetings Meetings

OL4KLVHRC;D4#ETB )LLYGZL No. held during attended
their tenure
MR+INLLWVBSMRD[ÄV
+IETPID[ÄLUIKL8P 2. Sh. K. V. Brahmaji Rao 35 30
+IMBUIPLKL 4. Sh. Sanjiv Sharan 21 19
PMXZI FTB ÈYGS EI GVYKLVI EKVT ET GZ DLT.; EI GPLTL 3.8 Special Committee of the Board to monitor the
progress of recovery
MGFGS
The Committee has been constituted in terms of DFS, MoF letter
MGFGSDFS, MoF letter F.No.7/112/2012-BOAGOVLBE F.No.7/112/2012-BOA dated 21.11.2012 and F.No.7/2/2015-
WL4K F-No-!! PMXZI GOVLBE EI LSL;VRMLK YG#S Recovery dated 01.01.2016 to:
EIYC;H4"
● Review the ways and strategies to improve NPA
● LI L[PMXZIHTSR VJI ÈDBVWL4KGPG)L6V7XZLTBFTBÈ)LLPINJLTY management and effective utilization of various tools to
ELTMRLKVTHTSRSKIELTBWL4KKLVIGSLTBEIMFI\LLEKVL" expedite recovery.
● ÈX.TG6LZ D7_7T vLSLTB MGHS VJI PMXZI FTB HRC; ÈYGS EI ● Monitor the progress of recovery in NPAs including
prudential written-off accounts.
GVYKLVI"
● Review the status of cases/RCs pending at DRTs/
● .IWLK7I!.IWLK 7IFTBZBGDSFLFZT!WLKMIET-7T7_MEIMFI\LL DRATs
62
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
● ¹TG.7 FL8VI7GKBY F4ETGV5F P WGVGFS!EFULTK <LLSLTB EL ● Review the credit monitoring mechanism and status of
-7T7_M S'LL VJI ELT KLTEVT ET GZ N#L Y EOFLTB EI irregular/weak accounts and the steps for prevention of
NPAs
MFI\LL"
EIG-'LGSETWVRMLKMBKQVL
+IMRIKVLK 6. Sh. Sudhir Nayar
GPºLI PL; ET OL4KLV WLLTGUS D4#ELTB FTB MO- GVOTLELTB EI No. of meetings attended by Member-Directors during the
NJG-'LGSEIMB<L Financial Year:

D4#ELTBEIMB<L
MR+INLLWVBSMRD[ÄV
+IETPID[ÄLUIKLP
+IKLGU6OKFLTHVGMH 7. Sh. Rajinder Mohan Singh 09 09
-P4G1/EQXEESL;WLTBEIJHQLVEIMFI\LLETGZ MGFGS 3.9 Committee for Review of identification of Wilful
Defaulters
MGFGS )LLGKD4E ET FL-7K JGKJL GO S'LL JL GOVLBE
The Committee has been constituted in terms of RBI Master
EILSL;VRMLK-P4G1/EQXEESL;WLTBEIJHQLVETGZ MGFGS Circular dated 01.07.2014 and letter dated 07.01.2015 to
ETWLOTLLTBEIMFI\LLEKVTHTSRYG#SEIYC;" review the orders of the Committee which has identified willful
defaulters.
MR+IHIFIKQ6OLVI Committee
2. Ms. Hiroo Mirchandani
+IMRIKVLK
3. Sh. Sudhir Nayar
GPºLIPL;ETOL4KLVWLLTGUSD4#ELTBFTBMO-GVOTLELTBETNJG-'LS No. of meetings attended by Member-Directors during the
HLTVTEIMB<L Financial Year:
¹ GVOTLEELVLF NVETEL;ELZET GUSVID4#ELTB FTB S. Name of Director Meetings Meetings

MB OL4KLVWLLTGUS NJG-'LGSHR No. held during attended
D4#ELTBEIMB<L their tenure
MR+INLLWVBSMRD[ÄV 1. Ms. Usha Ananthasubramanian 04 04
MR+IHIFIKQBOLVI 2. Ms. Hiroo Mirchandani 04 04
63
VL8VELTWL8JKTG7PNLKESL;WLTBEIPYI;EKLMFI\LLMGFGS 3.10 Non-cooperative Borrowers Classification Review Committee
MGFGS)LLGKD4EEIWGMXQVLMBDBR.No.CID.BC.54/20.16.064/ The Committee has been constituted in terms of RBI notification

no. DBR.No.CID.BC.54/20.16.064/2014-15 dated 22.12.2014
2014-15GOVLBEEILSL;VRMLKVL8VELTWL8JKTG7PNÉLLKESL;WLTB
to review the decision of ‘Non-Cooperative Borrower
EIPYI;EKLMFI\LLMGFGSETGVL;EIMFI\LLHTSRYG#SEIYC;" Classification Committee’.

Committee
GPºLIPL;FTB MGFGSEIGEMID4#EELWLLTUVVHIBHRWL" No meeting of the committee was held during the Financial
Year 2016-17.
DLT.;EIGPLTLMGFGSLTvL.IFLFZLTBEIGVYKLVIHTSR 3.11 Special Committee of Board – For monitoring fraud
MGFGS )LLGKD4E EI JL MB RBI/2004.15 DBS.FGV(F) cases
No./1004/23.04.01A/2003-04GOVLBEEILSL;VRMLK The Committee has been constituted in terms of RBI letter no.
EKLT.S'LLCMMTWGE>ML'LHIKLGLELÉLVGO GDVLMLCDK RBI/2004.15 DBS.FGV(F) No./1004/23.04.01A/2003-04 dated
ÉLLTvLÉL.IETFLFZLTBEIGVYKLVIS'LLMFI\LLHTSRHGPLTLMGFGSYG#S 14.01.2004 for monitoring and reviewing all fraud cases of
Rs.1.00 crore and above, as well as cyber frauds irrespective
EIYC;H4SLGE of the amount, so as to:
● ÈLLZIYS LRG7LTB EI JHQLV WL4K N6HTB OXK EKVT ET GZ NJL ● Identify the systemic lacunae and put in place measures
È-SRSEKVL" to plug the same.
● MIDIWLC; !JRGZMULBQEIÈYGSEIGVYKLVI>PMXZI PB -7L8J2 ● Monitor progress of CBI/Police investigation, recovery &
OLG3P" staff accountability.
● LTvL.IEIJRVKLPAGºLKLTEVTETGZ N#L Y MRLKL3FEEOFLTB ● Review the efficacy of the remedial action taken to
EIÈ)LLPLIZSLEIMFI\LL" prevent recurrence of frauds.
● KLTE'LLFSBLELT FUDXSEKVT MT MBDBGSGPQLKT Y W6NJLLTB ● Put in place other measures as may be considered
ELTÈ-SRSEKVL" relevant to strengthen the preventive mechanism.
+IMRVIZFTHSLMGFGSETWÉ\L 1. Sh. Sunil Mehta - Chairman of the Committee
GPºLIPL;ETOL4KLVWLLTGUSD4#ELTBFTBMO-GVOTLELTBETNJG-'LS
No. of meetings attended by Member-Directors during the
OL4KLVWLLTGUS FTBNJG-'LSHR No. held during attended
D4#ELTBEIMB<L their tenure
+IMRVIZFTHSL LX6 LX6 1. Sh. Sunil Mehta Nil Nil
+IETPID[ÄLUIKLP 3. Sh. K. V. Brahmaji Rao 04 03
64
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

+IKLGU6OKFLTHVGMH 7. Sh. Rajinder Mohan Singh 03 03
+IFOVTLERFLKGF+L 8. Sh. Madnesh Kumar Mishra 01 01
MXQVLÈL4]LTGYEIEL;VIGSMGFGS 3.12 I.T. Strategy Committee
MGFGS )LLGKD4E ET JGKJL_ MB RBI/2010-11/494/DBS.co.ITC. The committee has been constituted as per RBI circular no.
RBI/2010-11/494/DBS.co.ITC.BC.No.6/31.02.008/2010-
BC.No.!!GOVLBEEILSL;VRMLKMGFGS
11 dated 29.04.2011. The broad functions of the IT Strategy
YG#SEIYC;"MGFGSETFR<EL;CMÈELKH4 Committee of the Board are to:
● MXQVLÈL4]LTGYEIEL;VIGSWL4KJL8GZMIO-SLPTUELWVRFLTOV" ● Approve IT Strategy and policy document.
● MRGVGQSEKVLGEÈDBVNJRºL2EL;VIGSLTUVLÈG¹LÈ)LLPI ● Ensuring that the management has put an effective

BYMTKvKHIH4" strategic planning process in place.
● ÈFLGLSEKVLGEELKLTDLKEL;VIGSMXQVLÈL4]LTGYEIEL;VIGSET ● Ratifying that the business strategy is indeed aligned

ML'LPL-SGPEJMTM&DH4" with IT strategy.
● Ensuring that the IT Organization structure complements
● MRGVGQS EKVL GE WLC;7I MBY#V> MBKQVL 0LJLK FL8.Z WL4K the business model and its direction.
NMEIGOLLELJXKEH4"
● Ascertaining that management has implemented
● MRGVGQSEKVLGEELKLTDLKEIWLC;7IGPSKLP4:XÈDBV>ZLYX processes and practices that ensure that the IT delivers
EIYC;ÈG¹LWLTBWL4KÈ'LLWLTBETWVRMLKH4B" value to the business.
● MRGVGQSEKVLGEWLC;7IGVPTLELDU7-PIELKLT9H4" ● Ensuring IT investments represented in the IT budgets

are acceptable.
● MLFGKE Z\LTB ELT ÈL*S EKVT HTSR WLPE WLC;7I MBMLVLTB
● Monitoring the method that management uses to
ET GVÉLL;KL FTB ÈDBV ^LKL ÈRºL2 JGS EI GVYKLVI EKVL WL4K determine the IT resources needed to achieve strategic
WLN7MLTGM;BYS'LLWLC;7IMBMLVLTBETNJLTYETGZ N1Q-SKI goals and provide high-level direction for sourcing and
GOLLGVO;TLÈOLVEKVL" use of IT resources.
● D4BEET GPELMELT DVL KvVT ET GZ WLC;7IGVPTLELNGQS ● Ensuring proper balance of IT investments for sustaining
MBSRZVMRGVGQSEKVL" Bank’s growth.
● WLC;7I ULTGvFLTB PB GVBLLLTB EI WLTK MT %MJLTUKLTB ET DLKT FTB ● Becoming aware about exposure towards IT risks and
controls. And evaluating effectiveness of management’s
ULYE EKVL WL4K WLC;7I ULTGvFLTB EI ÈDBV ET GVYKLVI EL
monitoring of IT risks.
È)LLPIFX:LBEVEKVL"
● Assessing senior management’s performance in
● WLC;7I EL;VIGSLTB ET ZLYXEKL FTB N1Q ÈDBV ET ÈOL;V EL implementing IT strategies.
WLBEZVEKVL"
● Issuing high level policy guidance (e.g. related to risk,
● N1Q -SKI VIGS GOLLGVO;TL ULKI EKVL U4MT ULTGvF> GVGV funding and sourcing tasks).
W'LPLMLTGM;BYMTMBDBGSEL;
"
● Confirming whether IT or business architecture is to be
● WLC;7IG.ULCVLELKLTDLKLBQT EIJRG7EKVLSLGED4BE-SK designed, so as to derive the maximum business value
JKWLC;7IET MFTGESGVGVET GZ MBJXL; WLC;7IJGKOAMT from IT overseeing the aggregate funding of IT at a bank
WGÉLESFELKLTDLKP4:X ÈL*SGELULMET WL4KWLC;7IULTGvFLTB level and ascertaining if the management has resources
to ensure the proper management of IT risks.
ELNGQSÈDBVMRGVGQSEKVTHTSRMBMLVLTBELÈDBVEKVL"
● Reviewing IT performance measurement and contribution
● ELKLTDLKFTBWLC;7IÈOL;VNJLLTBWL4KWLC;7IETLTYOLVEIMFI\LL of IT to business goals (i.e. delivering and promised
EKVL W'LL;SGPSKLWL4KÈ-SLGPSP4:X
value).
+IMRIKVLKMGFGSETWÉ\L 1. Sh. Sudhir Nayar - Chairman of the Committee
65

6. Sh. Mahesh Baboo Gupta
+IFHTLDLDXYR*SL
7. Sh. Sunil Mehta
+IMRVIZFTHSL
Besides Board members, General Manager (IT) is also a
DLT.;MO-LTBETWGSGKºL2FHLÈD6E WLC;7I
)LIMGFGSETMO-H4B" member of the committee.
NJG-'LSHLTVTEIMB<L Financial Year:
¹MB GVOTLEELVLF WLLTGUSD4#ELTB GUSVID4#ELTB S. Name of Director Meetings Meetings

EIMB<L FTBNJG-'LSHR
their tenure
+IUIJIv.TTZPLZ 1. Sh. G. P. Khandelwal 03 02
+IMRVIZFTHSL LX6 LX6 8. Sh. Sunil Mehta Nil Nil
Y[LHEMTPLMGFGS 3.13 Customer Service Committee
MGFGS)LLGKD4BEETJLGOVLBEEILSL;VRMLKGSFLHIWLÉLLK The committee has been constituted in terms of RBI letter

dated 14.08.2004 to review customer service of the bank on
JKD4BEEIY[LHEMTPLMFI\LLHTSRYG#SEIYC;" quarterly basis.
EIG-'LGSWVRMLKMBKQVL Composition as on 31.03.2017:
Committee
+IETPID[ÄLUIKLP
.L8KLF MMBYLJXKT
3. Dr. Ram S. Sangapure
+IMBUIPLKL
4. Sh. Sanjiv Sharan
MR+IHIFIKQBOLVI 7. Ms. Hiroo Mirchandani
GPºLIPL;ETOL4KLVWLLTGUSMO-GVOTLELTB^LKLD4#ELTBFTB)LLY No. of meetings attended by Member-Directors during the
ZTVTEIMB<L Financial Year:

their tenure
D4#ELTBEIMB<L
MR+IHIFIKQBOLVI 7. Ms. Hiroo Mirchandani 04 04
+IKLUTLWY[PLZ LX6 8. Sh. Rajesh Aggarwal 01 Nil
66
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

+IGOZIJERFLKMLHL 10. Sh. Dilip Kumar Saha 01 01
GPUVETGZ -7IGKBYMGFGS 3.14 Steering Committee for Vision

The Committee has been constituted in terms of Section 14
KL7I²SD4BELTBEI ÈDBV PBGPGPÈLPLV
LTUVLEILKL
of the Nationalized Banks (Management and Miscellaneous
ET WVRMLKD4BEET ÈOL;VET ML'LGPUVO-SLPTUET WBSY;S Provisions) Scheme 1970 to review performance of the Bank
GVL;GKSZ\LTBEIMFI\LLHTSRMGFGSYG#SEIYC;H4"WBSKLZELTEF vis-à-vis goals set under Vision 2018 document. The Committee
EKVTETGZ MGFGSKLVIGSDVLVTETML'LML'LM&DG6SÈELELTWY[MK deliberates upon strategies to meet the gaps, if any, inter-alia,
EKVTETGZ FLY;OGL;SEKSIH4" guiding the concerned HO verticals to move forward.
+IMRVIZFTHSL 7. Sh. Sunil Mehta
GPºLIPL;ETOL4KLVWLLTGUSMO-GVOTLELTB^LKLD4#ELTBFTB)LLY No. of meetings attended by Member-Directors during the

Financial Year:
ZTVTEIMB<L
their tenure
D4#ELTBEIMB<L
MR+INLLWVBSMRD[ÄV
.L8KLF MMBYLJXKT 3. Dr. Ram S Sangapure 03 02
+IMRVIZFTHSL 7. Sh. Sunil Mehta 01 01
MSE;SL!Y4KMSE;SLWVRLLMGVEELK;PLC; FLFZLTB ET GVJ7LV 3.15 Committee of Directors to review disposal of
EIMFI\LLHTSRGVOTLEMGFGS Vigilance/Non-vigilance Disciplinary action cases
The Committee has been constituted in terms of Department
MGFGSGPºLFBLLZ>WLG'L;EEL;GP)LLY>D4BGEBYÈ)LLYMSE;SLWVR)LLY> of Economic Affairs, Banking Division – Vigilance Section, MoF
EI JL MB 10/12/90/VIG/CVOs GOVLBE EI LSL;VRMLK communication no. 10/12/90/VIG/CVOs dated 24.10.1990 and
S'LLGSFLHIWLLKJKMS;ESLPY4KMSE;SLWVRLLMVL3FEEL;PLHIET reviews disposal of vigilance and non-vigilance disciplinary
FLFZLTETGVJ7LVEIMFI\LLHTSRYG#SEIYC;" action cases on quarterly basis.
67
GPºLIPL;ETOL4KLVWLLTGUSD4#ELTBFTBMO-GVOTLELTBETNJG-'LS No. of meetings attended by Member-Directors during the
¹MB GVOTLEELVLF NVETEL;ELZET GUSVID4#ELTB S. Name of Director Meetings Meetings

OL4KLVWLLTGUS FTBNJG-'LGS
their tenure
D4#ELTBEIMB<L HR
MR+INLLWVBSMRD[ÄV
+IETPID[ÄLUIKL8P
.L8KLF MMBYLJXKT
+IMBUIPLKL
+IKLUTLWY[PLZ 5. Sh. Rajesh Aggarwal 01 01
.L8KGD VGF+L 7. Dr. Rabi N. Mishra 04 04
GVOTLELTBEIJOLT6VGSMGFGS 3.16 Directors Promotion Committee
The Committee has been constituted in terms of Government

MGFGS)LLKSMKELKGPºLFBLLZ>WLG'L;EEL;GP)LLYETJLMBF.No.
of India (GoI), MoF, Department of Economic Affairs letter F.No.
!!!IRGOVLBEETLSL;VRMLKYG#SEIYC;H4"MGFGS 4/1/10/96-IR dated 19.11.1997. The committee considers
N1QEL;JLZEY[T.-ETZVIMT-ETZVIIFTBJOLT6VGSETGZ N&FIOPLKLTB promotions from Top Executive Grade Scale-VI to Scale-VII.
ETMBDBFTBGPQLKEKSIH4"
Composition as on 31.03.2017
Financial Year:
NJG-'LSHLTVTEIMB<L
¹MB GVOTLEELVLF NVETEL;ELZET GUSVID4#ELTB S. Name of Director Meetings Meetings
OL4KLVWLLTGUS FTBNJG-'LGS their tenure
D4#ELTBEIMB<L HR 1. Ms. Usha Ananthasubramanian 01 01
MR+INLLWVBSMRD[ÄV
2. Sh. Rajesh Aggarwal 01 01
+IKLUTLWY[PLZ
3. Sh. B. P. Kanungo 01 01
+IDIJIELVXVYLT
WJIZIÈLGELKIPMFI\LLÈLGELKIMGFGS 3.17 Appellate Authority & Reviewing Authority
Committee
MGFGS EL Y#V JI VDI WGELKI EF;QLGKLTB WVRLLMV PB WJIZ

The committee has been constituted to consider Appeal and
GPGVFVEILSL;VRMLKWJIZIÈLGELKI!MFI\LLÈLGELKIETJ Review cases as Appellate Authority/Reviewing Authority
FTBEL;EKVTHTSRGELYLH4" in terms of PNB Officer Employees’ (Discipline and Appeal)
Regulations, 1977.
EIG-'LGSETWVRMLKMGFGSEIMBKQVL
Committee
+IETPID[ÄLUIKLP
.L8KLF MMBYLJXKT
68
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
GPSIPL;ETOL4KLVMGFGSEIELTC;D4#EWLLTGUSVHIBHRC;" No meeting of the committee was held during the Financial

Year 2016-17.
QWLKJKDLT.;EI-7IGKBYMGFGS
3.18 Steering Committee of the Board on HR
MGFGSELY#VGPºLFBLLZ>GPºLIMTPLTBÈ)LLYETNKLJKD4BEEI The Committee has been constituted at the instance of DFS,
QWLKFLFZLTBJKWÉVETGZ v.TZPLZMGFGSEIMB-SRGSLTBEI Ministry of Finance, in terms of the recommendations of
LSL;VRMLKGELYLH4" Khandelwal Committee for studying HR issues of the Bank.
EIG-'LGSETWVRMLKMGFGSEIMBKQVL Composition as on 31.03.2017:

DLÂMO- External members:
ÈLTKLUTVETYR*SL QWLKÈLTJ2TLVZ 1. Prof. Rajen K. Gupta - HR Professional
ÈLTHKILETYLBI QWLKÈLTJ2TLVZ 2. Prof. Harish K. Gandhi - HR Professional
Financial Year:
NJG-'LSHLTVTEIMB<L
¹MB GVOTLEELVLF EL;ELZETOL4KLV GUSVID4#ELTB S. Name of Director Meetings Meetings
WLLTGUSD4#ETB FTBNJG-'LSHR
their tenure
MR+INLLWVBSMRD[ÄV
+IKLUTLWY[PLZ 5. Sh. Rajesh Aggarwal 01 00
JL8PKWL8J2W7LVI;MGFGS 3.19 Power of Attorney Committee
MGFGSD4BEETLT9WGELGKLTB!EF;QLGKLTBELTUVKZJL8PKWL8J2W7LVI; The committee sanctions and allots General Power of Attorney

to eligible Officers/employees of the Bank.
EI-PI²GSWL4KWLPB7VEKSIH4"
ETWVRMLKMBKQVL Composition as on 31.03.2017
+IETPID[ÄLUIKLPMGFGSETWÉ\L 1. Sh. K. V. Brahmaji Rao - Chairman of the Committee
S. Name of Director Meetings Meetings

¹MB GVOTLEELVLF EL;ELZETOL4KLV GUSVID4#ELTB
WLLTGUSD4#ETB FTBNJG-'LSHR their tenure
+IGOZIJERFLKMLHL 4. Sh. Dilip Kumar Saha 01 01
69
LTKLKE GVOTLELTB ET GVPL;QV JK GPQLK EKVT ET GZ 3.20 Committee to consider election of Shareholder
MGFGSMLP;UGVE\LTLETD4BELTB^LKLFSOLV Directors - voting by Public Sector Banks
The Committee, constituted in terms of GoI, DFS letter dated
MGFGS>)LLKSMKELKGPºLIMTPL BÈ)LLYETJLGOVLBEEI 03.04.2012, decides on the candidates for election as directors
LSL;VRMLK>D4BEETLTKLGKSEKVTPLZIC;ELC;LTBFTGVOTLELTBETQRVLP in entities in which Bank is holding a stake considering the
ETGZ N&FIOPLKLTBETÈLTJ2LCZWL4KJA#)LXGFJKGPQLKEKETGVL;ZTVT profile and background of candidates.
HTSREIYIH4" Composition as on 31.03.2017:
EIG-'LGSETWVRMLKMBKQVL 1. Ms. Usha Ananthasubramanian - Chairperson of the
Committee
MR+INLLWVBSMRD[ÄVMGFGSEIWÉ\LL
+IETPID[ÄLUIKLP
.L8KLF MMBYLJXKT
4. Sh. Sanjiv Sharan
+IMBUIPLKL
No meeting of the committee was held during the Financial
GPºLIPL;ETOL4KLVMGFGSEIELTC;D4#EVHIBHRC;" Year 2016-17.
LTKWBSKLMGFGS 3.21 Share Transfer Committee
MGFGSJI VDI LTK PBD4#ET

GPGVFVETGPGVF WLC;
The Committee has been constituted in terms of Regulation 2A
(i) of PNB (Shares and Meetings) Regulations, 2000 to monitor
EI LSL;VRMLK )LL4GSE LTKLTB ET WBSKL> .RG*ZET7 LTK ÈFLL JL! VT and approve transfers of physical shares, issuance of duplicate
ÈFLLJLULKIEKVT>LTKLTBETMBÈTLL>LTKLTBETJRV)LL4GSEIEKLC3LGO share certificates/new certificates, transmission of shares, re-
EIGVYKLVI PBWVRFLTOVHTSRYG#SEIYIH4" materialization of shares etc.

OL4KLVWLLTGUS FTBNJG-'LS No. held during attended
their tenure
D4#ELTBEIMB<L HR
MR+INLLWVBSMRD[ÄV
GVOTLELTBELJLGK+GFE 4. Remuneration of Directors:
ÈDB GVOTLE PB FR< EL;JLZE WGELKI WL4K EL;JLZE GVOTLELTB The Managing Director and CEO and the Executive Directors
JXL;ELGZE GVOTLELTB
ELT )LLKS MKELK ET GVFLVRMLK PTSV ET (Four whole time directors) are being paid remuneration by
^LKL JLGK+GFE EL )LRYSLV GEL UL KHL H4" ÈDB GVOTLE PB FR< way of salary as per rules framed by the Government of India.
EL;JLZEWGELKIWL4KEL;JLZEGVOTLELTBETJLGK+GFEWL4KÈOL;V The details of remuneration paid to Managing Director & CEO
WLLGKSÈLT3MLHVET)LRYSLVEL$L4KLGV&VGZGvSH4 and Executive Directors are as under:
GPºLIPL;ETOL4KLV)LRYSLVGELYLJLGK+GFE Remuneration paid during financial year 2016-17:
¹ VLF JO )LRYSLVKLGL JI J2EL FTG.EZ S. Name Designation Emoluments PF Medical

MB FTB
WBLOLV FTB
No paid (`) contribution (`)
FTB
(`)
MR+INLL ÈDBGVOTLE PB 27,44,322/- 2,99,070/- 1,939/- 1. Ms. Usha MD & CEO 27,44,322/- 2,99,070/- 1,939/-
WVBSMRD[ÄV FR<EL;JLZE Ananthasubramanian
WGELKI
70
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
+IETPID[ÄLUIKLP EL;JLZE 22,92,616/- 2,49,885/- 80,191/- 2. Sh. K. V. Brahmaji Executive 22,92,616/- 2,49,885/- 80,191/-
GVOTLE Rao Director
.L8KLF MMBYLJXKT EL;JLZE 23,54,530/- 2,49,885/- 2,17,448/- 3. Dr. Ram S. Executive 23,54,530/- 2,49,885/- 2,17,448/-
GVOTLE Sangapure Director
+IMBUIPLKL EL;JLZE 11,78,195/- 1,15,509/- 14,496/- 4. Sh. Sanjiv Sharan Executive 11,78,195/- 1,15,509/- 14,496/-
MT GVOTLE (15.09.2016 to Director

31.03.2017)
GEMI)LIGVOTLEELT PL; ET OL4KLV-7L8EWL8*LBMULKIVHIB GELYL No stock options have been issued to any Director during the
H4"MTPLMBJEL;T WL4KVLTG7MWPGMGHSGVRGºL2EIWPGMKELKET year. Terms of appointment including service contracts and
notice period are as per Government guidelines. No severance
GOLLGVO;TLLVRMLKH4"GEMI)LIGVOTLEETGZ ELTC;WZYLR:EOTVHIB
fee is payable to any Director.
H4"
No performance linked incentive was paid to the whole-time
GPºLPL;ETOL4KLVJXL;ELGZEGVOTLELTBELTEL;\LFSLWLLGKS directors during financial year 2016-17.
ÈLT3MLHV)LRYSLVVHIBGELYL'LL"
The Bank does not pay remuneration to the Non-Executive
D4BEY4KEL;JLZEGVOTLELTB ELT DLT.; W'LPLNJMGFGSLTB EID4#ELTB FTB Directors except sitting fees fixed by Government of India, for
)LLYZTVTETGZ )LLKSMKELK^LKLGVL;GKSLR:EETWZLPLELTC;W6 attending the meetings of the Board or its sub-committees. The
fees payable is as under:-
JLGK+GFEVHIBOTSL"NºL2LR:EGV&VGZGvSH4
D4#E È3TED4#EFTB)LLYZTVTETGZTOT Meeting Sitting Fees payable per

Meeting (`)
LR:E
Board 20,000/-
DLT.; >!
DLT.;EINJMGFGS >! Sub-Committee of Board 10,000/-
GPºLPL; ET OL4KLVY4KEL;JLZEGVOTLELTB ELT )LLYZTVT ET The total Sitting Fee paid to the Non-Executive Directors during
GZ J2IMEL)LRYSLVGV&VPS_H4 JXL;ELGZEGVOTLELTBWL4K)LLGKD4BEET the Year 2016-17 is as under: (No sitting fee is payable to whole
time directors and director representing Government of India &
ÈGSGVGGVOTLEELT)LLYZTVTETGZ GEMIÈELKEIJ2IMEL)LRYSLV
RBI):
VHIBGELULSL

¹MB GVOTLEELVLF )LRYSLVEIYC;KLGL FTB

S. Name of the Director Sitting Fee paid (Net of
No. tax) (in `)
+IMRVIZFTHSL >!
1 Sh. Sunil Mehta 36,000/-
+IGOZIJERFLKMLHL >!
2 Sh. Dilip Kumar Saha 54,000/-
+IUIJIv.TZPLZ >>!
3 Sh. G. P. Khandelwal 2,97,000/-
+IFHTLDLDXYR*SL >>! 4 Sh. Mahesh Baboo Gupta 3,87,000/-
MR+IHIFIKQ6OLVI >>! 5 Ms. Hiroo Mirchandani 4,77,000/-
+IKLGU6OKFLTHVGMBH >>! 6 Sh. Rajinder Mohan Singh 4,14,000/-
+IMRIKVLK >>! 7 Sh. Sudhir Nayar 8,82,000/-
GPPTELIVWJT\LLWLTBELWVRJLZV 5. Compliance of discretionary requirements
¹ Y4KWGVPL;WJT\LL B ELL;6PVEIG-'LGS Sr. Non Mandatory Status of

MB No. requirements implementation
A The Board - A non- Government of India
GVOTLEFB.ZY4KEL;JLZE )LLKSMKELKVTWÉ\LETJ executive Chairman may has appointed Sh. Sunil
WÉ\LE&JVIETvQ;JKWJVT FTB+IMRVIZFTHSLELT be entitled to maintain a Mehta as Chairman of
ELL;Z ET KvKvLP ET GZ MTGVRºL2GEL Chairman's office at the the Bank with effect from
JLLH4" H4" company's expense 16.03.2017.
71
DI LTKLKELTB ET WGELK GSFLHI!PLGL;E GPºLI JGKLLF B Shareholders’ Rights - A The quarterly / Annual
LTKLKELTB ELT GPºLIJGKLLFLTB V MMI! DI MMI ELT )LTU!T half-yearly declaration Financial Results are
of financial performance sent to NSE/BSE,
ETW;PLGL;EJGKLLFLTBS'LLYS MFLQLK JLLTB FTB ÈELGLS GET
including summary of the published in newspapers
/HFLHEIFH3PJXL; L7VLWLTB ULST H4B S'LL ÈFRv GPLTLSLWLTB significant events in last and placed on Bank’s
ELMLKLBLÈTGLSGELUL " MGHS D4E B EI PTDMLC7 JK six-months, may be sent website including
ÈOGL;SGETULSTH4"B UI FMT to each household of highlights. Annual reports
JXP; PLGL;EGKJLT7; ELTLTKÉLLKELTB shareholders. are also sent to the
ELT)LI)LTULULSLH4" shareholders before
AGM.
MI ZTvLJKI\LLGKJLT7;FTBMBLLTGS D4BEEIPLGL;EGPºLIGPPKLI C Modified opinion(s) in The Bank’s Annual

M&FGS MXQID CELC; WV%PLGZJ2LC;. H4" FH3PJXL; audit report - The listed Financial Statements are
entity may move towards unqualified. Significant
WMBLLTGS ZTvLJKI\LL KL ET ZTvL VIGSL8 PB ZTvLTB JK
a regime of financial Accounting Policies and
ML'L GPºLI GPPKLI EI E G7*JGLL8 WVRMXGQLTB FTB GO statements with unmodified Notes to Accounts are
0P-'LL EI WLTK D MESI Y H4 ULT 0L<L3FE È²GS audit opinion. contained in schedules,
H4" ETH4" which are explanatory in
nature.
.I WÉ\L PB FR< EL;JLZE )LLKS MKELK VT WÉ\L WL4K D Separate Posts of The Government of India
WGELKI ET JO WZY ÈDB GVOTLE PB FR< Chairperson and Chief has split the post of
Executive Officer – The Chairman and Managing
MXQID CELC; WÉ\L EL;JLZEWGELKIETJOELT
listed entity may appoint Director & CEO.
WL4K ÈDB GVOTLE PB FR< GP)LLGUSEKGOLH4"SOVRMLK> separate persons to the Accordingly, Chairman
EL;JLZE WGELKI ET JO WÉ\LWL4KÈDBGVOTLE PB post of Chairperson and and Managing Director &
JK WZY WZY 0GºL2LTB EI FR< EL;JLZE WGELKI Managing Director or Chief CEO have been posted.
GVRGºL2EKMESIH4" JO-'LLGJSGETYTH4" Executive Officer.
C; WLBSGKE ZTvLJKI\LE EI FHLÈD6E GVKI\LL PBZTvL E Reporting of internal General Manager
auditor – The internal (Inspection & Audit) who
GKJLTG7YWLBSGKEZTvLJKI\LE JKI\LL
ULTZTvLJKI\LLMGFGS
auditor may report directly to is heading the internal
MIT ZTvL JKI\LL MGFGS ELT HTSR WLBSGKEZTvLJKI\LLEL; the audit committee. audit functions reports to
GKJLT7;EKMESTH4B" GKJLT7;ETÈFRvH4B" the Audit Committee.
WLFM)LLEID4#ETB 6. General Body Meetings
LTKLKELTB EIGJ/ZT SIVPLLT ET OL4KLVHRC; PLGL;EWLFD4#ELTB WL4K The details of Annual General Meetings (AGM) and
Extraordinary General Meeting (EGM) of shareholders during
WMLLKLWLFD4#ELTBETGPPKLCMÈELKH4B the last three years are as follows:
D4#EEL GOV>GOVLBE -'LLV NÎT Type of Day, Date Venue Purpose

ÈELK PBMF Meeting & Time
STKHPIB MLTFPLK> JI VDI ELT Thirteenth Monday, PNB Auditorium, To discuss,

UI F UXV> WL8G.7LTGKF>ET6ÇI MFL*SPL;ETGZ AGM June 30, Central Staff approve & adopt
2014 at College, 8, the Audited
DUT -7LJ2EL8ZTU> D4BEETZTvLJKIG\LS 11a.m. Underhill Road, Balance Sheet
JXPL;HV WB.KGHZKLT.> SRZVJLS'LLZL)L Civil Lines, Delhi and Profit &
GMGPZZLC;6M> PHLGVvLSTJK -110054 Loss Account
GO:ZI GPQLKGPFL;>WVRFLTOV of the Bank
for year ended
PBWJVLVL"
31.03.2014.
72
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
C;UI F YRPLK> JI VDI GV&VETGZ EGM Thursday, PNB Auditorium, To seek

FLQ;> WL8G.7LTGKF> LTKÉLLKELTBEL March 19, Central Staff approval of the
2015 at College, 8, shareholders
DUT ET6ÇI-7LJ2 WVRFLTOVÈL*S 10.30 a.m. Underhill Road, for (i) raising of
JXPL;ª EL8ZTU>WB.KGHZEKVL
GPLTL Civil Lines, Delhi capital by way of
KLT.>GMGPZ MBE:JETFLÉFMT -110054 FPO/QIP/ESPS or
ZLC;6M>GO:ZI J2JIWLT!%XWLC;JI! any other mode or
any combination
C; MJI MLGEMI thereof by
W6FLÉFMTL way of Special
S3MBDBIGEMIW6 Resolution
MBLTUV^LKLD4BEEI (ii) issuing
and allotting
JXBUIDLVL"
4,42,07,317
MTDI WLC;MI.IWLK
equity shares
GPGVFV>EI to Govt. of India
LSL;VRMLKWGFLV on preferential
basis in terms
WLÉLLKJK)LLKSMKELK of SEBI (ICDR)
ETJ\LFTB>>> Regulations,
CG%P7ILTKLTBELGVY;F 2009.
PBWLDB7V"
QL4OHPI FBYZPLK> JI VDI ELTMFL*S Fourteenth Tuesday, PNB Auditorium, - To discuss,
AGM June 30, Central Staff approve & adopt
UI F UXV> WL8G.7LTGKF>ET6ÇI PL;ETGZ D4BEET 2015 at College, 8, the Audited
DUT -7LJ2EL8ZTU> ZTvLJKIG\LSSRZV 10a.m. Underhill Road, Balance Sheet
JXPL;ª WB.KGHZKLT.> JLS'LLZL)LPHLGV Civil Lines, Delhi and Profit &
-110054 Loss Account
GMGPZZLC;6M> vLSTJKGPQLKGPFL;> of the Bank
GO:ZI WVRFLTOV PBWJVLVL" for year ended
ETGZ 31.03.2015.
- To declare
ZL)LLBLEI Dividend for 2014-
LLTLLLEKVL 15.
ELTKLKE - Election of one
Shareholder
GVOTLEELQRVLP Director.
C;UI F MLTFPLK> JI VDI MTDI WLC;MI.IWLK
EGM Monday, PNB Auditorium, To seek
GMS&DK WL8G.7LTGKF>ET6ÇI GPGVFVEI September Central Staff approval of the
DUT -7LJ2EL8ZTU> LSL;VRMLKWGFLV 28, 2015 at College, 8, shareholders
10 a.m. Underhill Road, for issuing
JXPL;ª WB.KGHZKLT.> WLÉLLKJK)LLKSMKELK Civil Lines, Delhi and allotting
GMGPZZLC;6M> ELT>>> -110054 10,90,40,543
GO:ZI CG%P7ILTKULKIEKVT equity shares
WL4KWLDB7VETGZ to Govt. of India
on preferential
LTKLKELTBMTWVRFLTOV basis in terms
ÈL*SEKVL" of SEBI (ICDR)
Regulations,
2009.
JBÇHPI YRPLK>UXV> JI VDI ELTMFL*S Fifteenth Thursday, PNB Auditorium, - To consider &
UI F WL8G.7LTGKF>ET6ÇI PL;ETGZ D4BEET AGM June 30, Central Staff adopt the Audited
2016 at College, 8, Balance Sheet
DUT -7LJ2EL8ZTU> ZTvLJKIG\LSSRZVJL 10a.m. Underhill Road, and Profit &
JXPL;ª WB.KGHZKLT.> PBZL)LHLGVvLSTJK Civil Lines, Delhi Loss Account
GMGPZZLC;6M> JGKQQL;>WVRFLTOV PB -110054 of the Bank
GO:ZI WJVLVL" for year ended
31.03.2016.
73
C;UI F DRPLK> JI VDI MTDI WLC;MI.IWLK
EGM Wednesday, PNB Auditorium, To seek
WY-S> WL8G.7LTGKF>ET6ÇI GPGVFVEI August 31, Central Staff approval of the
DUT -7LJ2EL8ZTU> LSL;VRMLKWGFLV 2016 at 10 College, 8, shareholders
a.m. Underhill Road, for issuing
JXPL;ª WB.KGHZKLT.> WLÉLLKJK)LLKSMKELK Civil Lines, Delhi and allotting
GMGPZZLC;6M> ELT>>> -110054 16,43,70,768
GO:ZI CG%P7ILTKULKIEKVT equity shares
WL4KWLDB7VETGZ to Govt. of India
LTKLKELTBMTWVRFLTOV on preferential
basis in terms
ÈL*SEKVL"
of SEBI (ICDR)
Regulations, 2009.
NºL2PLGL;EWLFD4#ELTBFTBELTC;GPLTLMBE:JÈ-SRSVHIBGE Y " No special resolutions were put through in the above said
Annual General Meetings.
.LEMTFSLGELKELÈLTY JLT-7ZD4Z7
D4BEVT TMLELTC;EL;
Postal Ballot - Bank has not conducted any business in
WLLTGUSVHIBEKLLH4GUMFTBGPºLIPL;ETOL4KLV.LE^LKLFSOLVEI which postal ballot is permitted, during the financial year and
WVRFGSOIYIHLTWL4KPS;FLVFTBELTC;ELKLTDLKJLT-7D4Z7ETFLÉFMT at present no business is proposed to be conducted through
EKLLULVLÈ-SLGPSVHIBH4B" postal ballot.
MTDI ZWLT.IWLK
GPGVFVEIWVRMXQIV {C(10)} 7. Other Disclosures as per Schedule V {C(10)} of SEBI
ETWVRMLKW6ÈE7IEKL (LODR) Regulations 2015
PL;ETOL4KLV TMIELTC;FH3PJXL;M&DG6SJL7I;7LBUT%LVVHIBHRC; 7.1 There has been no significant related party transaction
H4ULTGED4BEETGHSELTÈ)LLGPSEKT" during the year that may have had potential conflict of
interest with the Bank.
)LLKSIGKUP;D4BE!WLC;MI WLC;ETGOLLGVO;TLLTBETWVRMKLFTBD4BE 7.2 The Related Party Transactions of the Bank as per RBI /
ETM&DJL7I;ZTVOTVEIG-'LGSWVRMLKSRZVJLET ICAI guidelines are disclosed in the Notes on Accounts
vLSLTBETVLT7_M WVRMXQI
FTBOLL; YTH4B"MBDBGSJ\LETML'L (in Schedule 18) of the Balance Sheet as on 31.03.2017.
ZTVOTVEKVTEIVIGSD4BEEIPTDMLC7https://www.pnbindia. Policy on dealing with Related Party Transactions is
in/Regulatory.htmlJKOIYIH4" available on Bank’s website at https://www.pnbindia.in/
Regulatory.html
GPYSSIVPLLT ET OL4KLVJXBUIDLULKMT MBDBGSFLFZLTB ET MBDB 7.3 No penalties/strictures were imposed on the Bank by
FTBMTDI!-7L8E %MQTBULTB^LKLD4BEJKELTC;OB.!ÈGSDBVHIBZYLL SEBI/Stock Exchanges for non-compliance in respect of
YL'LL" matters related to Capital Market during the last three
years.
D 4BEVTGPGUZF4ETGV5F0HIMZ$ZLTWKJL8GZMI-'LLGJSEIH4WL4K 7.4 The Bank has established vigil mechanism, whistle
GEMI)LI0GºL2ELTZTvLJKI\LLMGFGSFTBWLVTETGZ KLTELVHIB blower policy and no person has been denied access to
YLH4" the audit committee.
GVPL; WLPESLWLTB ELJLZVGELYLH4 S'LLY4KWGVPL; 7.5

W Mandatory requirements are complied with and adoption
WLPESLWLTBELY[HLNºL2J4KLFTBGOLYLH4" of non-mandatory requirements are given at para 5
above.
?F4G7GKZ WVRLBYI GVL;KL ET GZ JL8GZMI HTSR PTD GZBE H4 7.6 Web link for the policy for determining “material”
https://www.pnbindia.in/Regulatory.html subsidiary is https://www.pnbindia.in/Regulatory.html
EFLTG.7IFX:ULTGvFS'LLEFLTG.7IH4GUBYYGSGPGLLX6H4" 7.7 Commodity Price Risks and Commodity hedging activities
are Nil.
D4BEEI LKTZXWVRLBGYLBH4>VLFS
8. The Bank has three domestic subsidiaries, namely:
i) JI VDIGY:7_MGZGF7T.
i. PNB Gilts Ltd.
ii) JI VDICVPT-7FTB7MGP;MTMGZGF7T.
ii. PNB Investment Services Ltd.
iii) JI VDICBLTKTBLD[LTGEBYÈLGZ* iii. PNB Insurance Broking Pvt. Ltd.*
*E&JVIELTMFL*SEKVTETEOFN#LGZ Y H4%LTBGEE&JVIVTJHZT
*Steps are being taken for winding up of the company as the
MTHIGOVLBEELTWJVLZLCMTBMMKTB.KEKGOLH4" license has already been surrendered on 14.02.2011.
74
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
JI VDIGY:7_MGZ EMXQIDC;ELC;H4UHLD4BEETOLTGVOTLEE&JVI PNB Gilts Ltd. is a listed entity where two of the Directors of the
ETDLT.;ET)LIGVOTLEH4B" Bank are also Directors on the Board of that Company.
CMETWGSGKºL2>D4BEETJLMOLTWBSKL;7IWVRLBGYLH4>VLFS Further, the Bank has two international subsidiaries, namely:
i
JBULDV4LVZD4BE WBSKL;7I
GZ JI VDIWLC; Z
>XET i. Punjab National Bank (International) Limited
(PNBIL), UK
ii
.EJI VDID4BEGZ)LX7LV
ii. Druk PNB Bank Ltd., Bhutan.
MBQLKFLÉF
9. Means of Communication
GSFLHIGPºLIJGKLLFLTBELT-7L8E %MQTBU V MC;PDI MC;
FTBÈQLK The quarterly financial results are submitted to the Stock
ETGZ )LTULULSLH4" Exchanges (NSE & BSE) for dissemination.
GPºLIJGKLLFEL8JL;TKT7GP,LJVWL4KMXQVL B C3LGOGE6HIB OLT WBY[TUI Financial results, corporate advertisements and notices etc.
P GH6OI
W3GE JGKQLZV PLZT MFLQLK JLLTB FR<S 7LC;&M WL8J2 are also published in any 2 (English and Hindi) of the widely
CBG.L>GH6OR-SLV7LC;&M>GDUVTM-746..;>J2LCV4BGLZ %MÈTM>CEVL8GF%M circulated newspapers viz. Times of India, Hindustan Times,
Business Standard, Financial Express, Economic Times,
7LC;&-L>VP)LLKS7LC&M>GH6OR-SLV>GDUVTM-746..; GH6OIB
>O4GVEULYKL Navbharat Times, Hindustan, Business Standard (Hindi),
WL4KUVMºLLFTBÈELGLSGE ULSTH4B" Dainik Jagran and Jansatta.
GSFLHI!PLGL;EGPºLIJGKLLFWL4KMB-'LLYSGVPTLELTB!GPZTBLELTBELTDSLT The quarterly/annual financial results and presentations
YT ÈTUTB7TLVLTB ELT D4BE EI PTDMLC7 (www.pnbindia.in) ET WGSGKºL2 made to institutional investors/analysts are also placed on the
-7L8E %MQTBU www.nseindia.com WL4K www.bseindia.com JK website of the Bank (www.pnbindia.in) besides websites of
stock exchanges www.nseindia.com and www.bseindia.com
OLL;LULSLH4"
Further, the financial results are also communicated to
CMETWZLPL>GPºLIJGKLLFLTBELTGHSLKELTBELTGÈB7 PBCZ4%7L8GVE the stakeholders through news releases through print and
FIG.LET FLÉFMT MFLQLKGP,G*SLTB ^LKL)LIMXGQSGELULSL electronic media.
H4" The Annual Report is also hosted on the Bank’s website besides
PLGL;EGKJLT7;D4BEEIPTDMLC7ETWGSGKºL2-7L8E %MQTBUEIPTDMLC;7LTB the websites of the stock exchanges.
JK)LIOLL;LULSLH4" 10. General Shareholders’ Information
WLFLTKLKELTBETGZ MXQVL 10.1 Annual General Meeting of the shareholders of the
Bank:
D4BEETLTKLKELTBEIPLGL;EWLFD4#E
The following is the schedule of the 16th Annual General
PIBPLGL;EWLFD4#EELEL;¹FCMÈELKH4 Meeting:
GOV>GSG'LPMF DHA -JGSPLK>UXV>ELTJXPL;ªDUT Day, Date & Time : Thursday, 29th June 2017 at 10.00 a.m.
-'LLV JI VDIWL8G.7LTGKF>ET6ÇI-7LJ2 Venue : PNB Auditorium, Central Staff College,
EL8ZTU>WB.KGHZKLT.>GMGPZZLC;6M> 8, Underhill Road, Civil Lines,
Delhi – 110 054
GO:ZI
GPºLIE4ZT.KETGZ M&)LLGPS
10.2 Financial Calendar (Tentative) for 2017-18
GV&VLBGESMFL*SWPG!GSFLHIGPºLIJGKLLFLTBELWVRFLTOV Approval of financial results for the quarter/period ending -
UXV>ELTMFL*SGSFLHI WY-S>> Q. E. June 30, 2017 - By August 14, 2017.
GMS&DK>ELTMFL*SGSFLHI VP&DK>> Q. E. September 30, 2017 - By November 14, 2017
GOM&DK>ELTMFL*SGSFLHI J2KPKI>> Q. E. December 31, 2017 - By February 14, 2018
FLQ;>>ELTMFL*SGSFLHI!PL; ZTvLJKIG\LS <LLST Q. Year ended March 31, 2018 - Audited Accounts by
May 30, 2018
FC;>SE
10.3 Dividend details – Financial Year 2016-17
ZL)LLBLEL$L4KLGPºLIPL;ETGZ
(i) Dividend - The Board of Directors of the Bank has not
(i) ZL)LLBLD4BEET GVOTLEFB.ZVT ET GZ ZL)LLBL recommended payment of dividend for 2016-17.
)LRYSLVEKVTEIGMJ2LGKLVHIBEIH4"
75
(ii) ZL)LLBL GPSKL VIGS D4BE ^LKL GPSGKS EI ULVT PLZI (ii) Dividend Distribution Policy - The Bank has formulated
ZL)LLBL KLGL WL4K PT JGKG-'LGSLB GUMFTB ZL)LLBL EI LLTLLL a Dividend Distribution Policy which includes the RBI and
Government guidlines regarding quantum of Dividend to
VHIBEIULMESIETM&D6FTB)LLKSIGKUP;D4BEP)LLKSMKELK be distributed and circumstances under which Dividend
ET GOLL GVOT;LLTB ELT LLGFZ EKST HR ZL)LLBL GPSKL KLGL DVLC; may not be declared. The Dividend Distribution Policy is
YC; H4"HZL)LLBLGPSKLVIGSD4BEEIPTDMLC7 https://www. available at Bank's website at https://www.pnbindia.in/
pnbindia.in/Regulatory.htmlJKNJZ$H4B" Regulatory.html
(i) -7L8E %MQTBULTBJKMXQIEKL 10.4 (i) Listing on Stock Exchanges:
GV&VGZG<LS-7L8E %MQTBULTBFTBD4BEETLTKMXQIDH4B The shares of the bank are listed on the following Stock
Exchanges:
-7L8E %MQTBU -7L8EELT. MXQIEKLEI Stock Exchange Stock Code Date of

WLKG&)LEGSG'L Initial Listing
V4LVZ-7L8E %MQTBUWL8J2CBG.LGZ JI VDI National Stock Exchange of PNB 24.4.2002

V MC;
DL6ÇLERZL;EL8&*ZT%M> India Ltd. (NSE) Bandra - Kurla
Complex, Mumbai
FR&DC;
Bombay Stock Exchange Ltd. 532461 25.4.2002
DL&DT-7L8E %MQTBUGZGF7T.> DI MC;
(BSE) P. J. Towers, Dalal Street,
JIUT7L8PM;>OZLZ-7I7>FR&DC; Mumbai
ii)MXQIEKLLR:ES'LLWG)LK\LLLR:EEL)LRYSLV (ii) Payment of Listing Fee and Custodian charges
V MC;S'LLDI MC;ELTPLGL;EMXQIEKLLR:ES'LL V M.I Z The annual listing fee to NSE & BSE and annual custody
WL4KMI.I M ZELTPLGL;EWG)LK\LLLR:EW]SVWOLH4" charges to NSDL & CDSL have been paid up to date.
Z
TvLD6OI EI GSG'LL MT SE 10.5 Dates of Book Closure - From 23.06.2017 to 29.06.2017
OLTVLTBGOVLLGFZ
(both days inclusive)
GKFLT7C;PLTG7BYEIE7WL8J2GSG'LH4" Cut-off date for remote e-voting – 22.06.2017
D4E
B ETLTKLTB ETDLULKFX:
WL8E
B .!T EL;GVJLOV* 10.6 Market Price (`) Data/Performance of Bank’s shares*
V MC; DI MC; MBRºL2FLLL NSE BSE COMBINED

FLH N1Q 6XV FLLL N1Q 6XV FLLL FLLL Month HIGH LOW VOLUME HIGH LOW VOLUME VOLUME
WÈ4Z> April-16 90.15 81.00 140945159 90.15 80.90 18299179 159244338
FC; May 84.15 71.85 218565891 84.25 71.95 30050203 248616094
UXV June 105.90 76.15 313339430 105.80 76.15 38250719 351590149
URZLC; July 135.95 105.25 483252932 136.00 105.25 56178660 539431592
WY-S August 128.25 116.25 251062858 127.40 122.25 33762657 284825515
GMS&DK September 146.50 125.75 285572580 146.45 125.75 34368134 319940714
W%7XDK October 147.55 136.65 202578139 147.55 136.65 22499405 225077544
VP&DK November 159.30 131.65 307416742 159.35 131.60 32944289 340361031
GOM&DK December 136.35 113.15 173689412 136.30 113.30 18416315 192105727
UVPKI> January-17 137.65 115.25 197646531 137.80 115.20 20271518 217918049
J2KPKI February 151.65 139.65 246350064 151.80 139.35 23124400 269474464
FLQ; March 153.20 135.85 180803367 152.40 135.80 16634404 197437771
ERZ TOTAL 3001223105 344799883 3346022988
*M[LTS V MC;!DI MC;PTDMLC7 (www.nseindia.com / www.bseindia.com) *Source - NSE/BSE website (www.nseindia.com / www.bseindia.com)
D4BEETLTKELFX:6XVSFS'LLWGESFS'LL The shares of the Bank were traded between a low of `71.85
V MC; WL4KDI MC; FTB ELKLTDLKEIERZFLLLEKLT. LTKKHI and high of `159.35 during the financial year and total volume
traded at NSE & BSE was 334.60 crore shares as against the
UDGE¾ZLTG7BY-7L8EEKLT.LTKKHL" floating stock of 74.45 crore shares.
76
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
D4BEGV¾7IEISRZVLFTB D4BEET LTKELGVJLOVY[LJ2ET 10.7 Performance of Bank’s share price in comparison
JFTBGV&VPS_OLL;LYLH4 with Bank Nifty.
D4BEETLTKEISRZVLFTBD4BEGV¾7IELY[LJ2ETJFTBGVJLOVGV&V The graphical depiction of performance of Bank’s share

vis-à-vis Bank Nifty is given below:
WVRMLKKHL
10.8 Per Share Data:

ÈGSLTKWLBE.L
JT
(`) 2014-15 2015-16 2016-17
Face Value (`) 2/- 2/- 2/-
WBGESFX:
! ! !
Closing as on 31st March 144.40 84.70 149.90
FLQ;EIMFLG*SJK V MC;
-NSE(`)
WL

Earnings (`) 16.91 (-) 20.82 6.45
ZL)LLBL!ETÈ3TECG%P7I LX6 LX6 Dividend per Equity Share of ` 3.30 Nil Nil
LTKJK 2/- each
Dividend (%) 165.00 Nil Nil
ZL)LLBL
LX6 LX6 Book Value (`) 203.24 180.61 177.03
DHIFX:
Dividend payout (% of Net 20.00 Nil Nil
ÈOºLZL)LLBL LRZL)LEL
LX6 LX6 Profit)
PS;FLVGPSIPL;ETOL4KLVD4BEEIÈGS)LXGSLTBELTGEMI)LIMF0LJLK The securities of the Bank have not been suspended for trading
any time during the current financial year.
ETGZ M-JTB.VHIBGELYL"
10.9 Share Transfer Agent (STA)
LTKW6SKL UTB7 M7I
DI7Z J2LCV4BGLZ B. E&*X7K MGP;MTU ÈL

GZ ULTGE MTDI FTB Beetal Financial & Computer Services (P) Ltd., a SEBI
registered Registrar and Share Transfer Agent has been
JBUI²SWL4KLTKWBSKL UTB7H4B>D4BEETLTKWBSKL UTB7ETJFTB appointed Share Transfer Agent of the Bank with effect from
MTGVRºL2GE Y H4B"M&JE;GPPKLVIQTGO Y H4B 01.01.2013. Contact details are given below:
DI7ZJ2LCV4BGLZ B.E&*X7KMGP;MTU ÈL
GZ XGV7JI VDI
Beetal Financial & Computer Services (P) Limited (Unit: PNB)
?DI7ZHLNM>SASISZ ‘Beetal House’, 3rd Floor
>FOVYIK>-'LLVILL8GJBYMT67KETJI/T 99, Madangir, Behind Local Shopping Centre
New Delhi 110062
VC;GO:ZI
Tel. No. 011-29961281/82/83, Fax: 011-29961284
7TZIVB!!>J24%M e-mail: beetal@beetalfinancial.com
C;FTZbeetal@beetalfinancial.com
10.10 Share Transfer System for shares held in physical
10.10 FXS;JFTBKvTYTLTKLTBETGZ LTKWBSKLÈLLZI form
(i) FXS; J FTB LTKLTB ET LTKLKE LTKLTB ET W6SKL> LTKLTB ET (i) Shareholders holding shares in physical form may send
ÈTLL>WJVT JST FTB JGKPS;V> 7TZIJ2LTV!FLTDLCZV&DK
>C;FTZ requests/communications for transfer/transmission of
shares, change of address (with Telephone / Mobile
WL4KD4BEWGOTL D4BEELVLF>JSLvLSLMB<L>FLCEKELT. Numbers), E-mail address, change in Bank mandate
C3LGO
WL4KC;¹TG.7WGOTLC3LGOETMBDBFTBLTKW6SKL (i.e. Name of Bank, Address, Account No., MICR Code
UT7ELTMITNºL2JST ¹FMBFTBGO Y
JKWVRKLT etc.), e-Credit mandate etc. directly to STA at the above
EKMESTH4BCMMTM)LIMBOTLLTBS'LLZL)LELKIGHSLTBEI#IE PB address (given at S. No. 10.9) for updation of records
MFJKÈLG*SMRGVGQSHLTMETYI" and to ensure timely receipt of all communications &
beneficial interests by them.
(ii)D4BEEILTKWBSKLMGFGSETWVRFLTOVETDLOLTKWBSKL (ii) The transfer of physical shares is affected by the
UT67 M7I
^LKLGVL;GKSMFET)LISKFXS;LTKW6SGKS STA within the stipulated time on approval by Share
EKGOTULSTH4B" Transfer Committee of the Bank.
77
.IFT7JFTBKvTYTLTKLTBETGZ LTKWBSKLÈLLZI 10.11 Share Transfer System for shares held in Demat
form.
(i) D4BEETLTKLTBELELKLTDLKWGVPL;S.IF47JMTWLC; MWLC; V
(i) The Bank’s shares are traded in Demat mode under
EX7 WLC; VC; 160A01022 ET WBSY;S GEL ULSL H4" V4LVZ ISIN code INE160A01022 on both NSE and BSE. The
GM%XGK7IUG.JLGU7KIGZ V M.I Z
S'LLM467ZG.JL8GU7KI National Securities Depository Ltd, (NSDL) and the
MGP;MTUGZGF7T. MI.I M Z
G.JL8GU7KIFTBD4BEETLTK.IF47 Central Depository Services Ltd. (CDSL) are the two
JFTBKvTYTH4B" depositories holding the Bank’s shares in Demat form.
(ii) LTKLKEGUVET JLMLTK.IF47JFTB H4B NVMT WVRKLTH4 GE (ii) Shareholders are requested to inform their Depository
PT WJVT JST WL4K!LD4BEWGOTL D4BEELVLF>JSL>vLSLMB Participant (DP) directly for updating the records in case
of any change in address and/or Bank mandate (Name of
FLC;EKELT.C3LGO
FTBJGKPS;VETMBDBFTBGKEL8.;WJ.T7EKVT Bank, Address, Account No, MICR Code etc.), for shares
ETGZ MITWJVTG.JLGU7KIMHLTYIELTMXGQSEKTB" held in Dematerialized form.
CZ4%7LGVE PLTG7BY LTKLKELTB MT WVRKLT H4 GE PT WJVL 10.12 Electronic Voting: Shareholders are requested to
VPIVSFC;FTZWLC;.IWJVT G.JLGU7KIMH)LLYIL M7I >U4MI register their latest email ID with their Depository
)LI G-'LGS HLT> ET ML'L JBUI²S EKPL ZTB SLGE GKFLT7 C;PLTG7BY Participant or STA, as the case may be, for enabling
MRGPLETGZ M\LFHLTMET" remote e-voting facility.
10.13 PNB-Unclaimed Shares (Suspense) A/c: The details
JI VDI WOLPL²S LTK NQBS
vLST MTDI ZWLT.IWLK
of unclaimed shares as per SEBI (LODR) Regulations,
GPGVFVETWVRMLKWOLPL²SLTKLTB EL$L4KLGV&VGZGvSH4 2015 is as under:-
J2JIWLT
WLC;JIWLT
ERZ FPO (2005) IPO (2002) TOTAL
¹ GPPKL LTKÉLLKELTB LTKLTBEI LTKLKELTB LTKLTBEI LTKLKELTB LTKLTBEI S. Particulars No. of No. of No. of No. of No. of No. of
MB EIMB<L ERZMB<L EIMB<L ERZMB<L EIMB<L ERZMB<L No. Share- Shares Share- Shares Share- Shares
PL;ETÈLK&)L holders Holders holders
W'LL;S_ 1 Opening at the 356 60630 58 33500 414 94130
ELT beginning of
the year i.e.
DELL 01.04.2016 (Rs. 2/
!È3TE
each)
PL;ETOL4KLV
LTKWBSKL 2 No. of shareholders 1 120 - - 1 120
ETGZ WL approached for
transfer of shares
LTKÉLLKELTBEI during the year
MB<L
PL;ETOL4KLV
LTKLKELTBEI 3 No. of shareholders 1 120 - - 1 120
to whom shares
MB<LGUVET
were transferred
LTKWBSGKS during the year
GE Y
PL;ETWBS 4 Outstanding at the 355 60510 58 33500 413 94010
W'LL;S_ end of the year
i.e. 31.03.2017
ELTDELL (1-3)

*ÈFLGLSGELULSLH4 GECVLTKLTB JKPLTG7BYWGELKSDSE»IUKHTYLUDSE * Certified that voting rights on these shares remains frozen till the rightful owner
EICVLTKLTBELWMZI-PLFIOLPLVHIBEKSL" claims the said shares.
FLQ;>EIG-'LGSWVRMLKLTKLGKSLS'LLGPSKL 10.14 Shareholding and Distribution Pattern as on 31st

March 2017
J47V;
(i) Shareholding Pattern
(i) LTKLGKSLJ47V;
LTKLKELTBEI+TLI LGKSCG%P7ILTKLTBEIÈGSLSSL Shareholders’ Category %age Equity shares held
)LLKSETKL7JGS 65.01 President of India 65.01
J2WLC;WLC;! VWLKWLC;!WLTMIDI 9.99 FIIs/NRIs/OCBs 9.99
D4BE!GPºLI MB-'LL B!DIFL 13.78 Banks/Financial Institutions/ 13.78
E&JGVLB Insurance Companies
&RQRWZJ2. 5.76 Mutual Funds 5.76
LKTZXE&JGVLB!7-7 0.75 Domestic Companies/Trusts 0.75
78
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
)LLKSIUVMLLKL!GVPLMIUV! QX J2 4.55 Indian Public/Resident Individuals/HUF 4.55

%ZIGKBYMO-¶L 0.16 Clearing Members 0.16
ERZ 100.00 Total 100.00
(ii) EIG-'LGSWVRMLKLTKLKELTBEIMB<L (ii) No. of shareholders as on 31.03.2017 367730
(iii) È3TECG%P7ILTKELMLBETGSEFX:
! (iii) Nominal value of each Equity Share (`) 2/-
iv) GPSKLJ47V; iv) Distribution Pattern
LTKLKELTB ERZEI LTKLTBELMLBETGSE CG%P7ILTKLTB KLGL

ERZEI No. of % age Shareholding of No. of Amount (`) %age to
EIMB<L ÈGSLSSL FX:
EIMB<L ÈGSLSSL Shareholders of Total Nominal Value of (`) Equity Shares Total
SE 363694 98.90 Upto 5000 79419778 158839556 3.73
MT 2640 0.71 5001 to 10000 9224759 18449518 0.43
MT 691 0.18 10001 to 20000 4915198 9830396 0.23
MT 174 0.04 20001 to 30000 2133609 4267218 0.10
MT 83 0.02 30001 to 40000 1492188 2984376 0.07
MT 53 0.01 40001 to 50000 1211726 2423452 0.06
MT 93 0.02 50001 to 100000 3224554 6449108 0.15
PWGE 302 0.08 100001 and above 2026346446 4052692892 95.23
ERZ Total: 367730 100.00 2127968258 4255936516 100.00
v) EI G-'LGS WVRMLK )LL4YLTGZE WLLK JK v) Geographical spread of Shareholders as on
31.03.2017
LTKÉLLKELTBEIG-'LGS
CZ4%7L8GVE FXS;JFTB ERZ ELECTRONIC PHYSICAL TOTAL
LHKELVLF LTKÉLLKE ÈGSLS LTK ÈGSLS LTKÉLLKE ÈGSLS LTK ÈGSLS LTKÉLLKE ÈGSLS LTK ÈGSLS
CITY NAME HOLDER % SHARES % HOLDER % SHARES % Holder % Share %
WHFOLDLO 14496 4.04 3612891 0.17 57 0.65 31500 0.45 14553 3.96 3644391 0.17
AHMEDABAD 14496 4.04 3612891 0.17 57 0.65 31500 0.45 14553 3.96 3644391 0.17
D4BYZLTK 14642 4.08 3935779 0.19 212 2.43 182255 2.60 14854 4.04 4118034 0.19 BANGSALORE 14642 4.08 3935779 0.19 212 2.43 182255 2.60 14854 4.04 4118034 0.19
Q46VC; 13410 3.74 8612806 0.41 411 4.71 362625 5.17 13821 3.76 8975431 0.42 CHENNAI 13410 3.74 8612806 0.41 411 4.71 362625 5.17 13821 3.76 8975431 0.42
GO:ZI 31956 8.90 1395922525 65.82 776 8.90 619565 8.83 32732 8.90 1396542090 65.63 DELHI 31956 8.90 1395922525 65.82 776 8.90 619565 8.83 32732 8.90 1396542090 65.63
H4OKLDLO 8336 2.32 3575932 0.17 165 1.89 143500 2.05 8501 2.31 3719432 0.17 HYDERABAD 8336 2.32 3575932 0.17 165 1.89 143500 2.05 8501 2.31 3719432 0.17
ELTZEºLL 16994 4.73 5003485 0.24 276 3.16 247990 3.54 17270 4.70 5251475 0.25 KOLKATA 16994 4.73 5003485 0.24 276 3.16 247990 3.54 17270 4.70 5251475 0.25
FR&DC; 44220 12.32 647421519 30.53 543 6.22 440710 6.28 44763 12.17 647862229 30.45 MUMBAI 44220 12.32 647421519 30.53 543 6.22 440710 6.28 44763 12.17 647862229 30.45
VMIWLKW6 10955 3.05 3556849 0.17 224 2.57 186025 2.65 11179 3.04 3742874 0.18 NCR OTH 10955 3.05 3556849 0.17 224 2.57 186025 2.65 11179 3.04 3742874 0.18
W6 203997 56.82 49312547 2.33 6060 69.46 4799755 68.43 210057 57.12 54112302 2.54 OTHER 203997 56.82 49312547 2.33 6060 69.46 4799755 68.43 210057 57.12 54112302 2.54
ERZ 359006 100 2120954333 100 8724 100 7013925 100 367730 100 2127968258 100 TOTAL 359006 100 2120954333 100 8724 100 7013925 100 367730 100 2127968258 100
vi) ETWVRMLKLTKLKELTB^LKLFXS;JFTBS'LL.IFT7 vi) Details of shares held by the Shareholders in Physical

& Dematerialized form as on 31.03.2017
JFTBLGKSLTKLTBELGPPKL
¹ GPPKL LTKLKELTB LTKLTBEIMB<L LTKLGKSLEL S. Particulars No. of No. of %
MB EIMB<L ÈGSLS No. Shareholders Shares Shareholding
1. FXS;JFTB 8724 7013925 0.33 1. Physical 8724 7013925 0.33
2. .IF47JFTB GUVFTB MT 359006 2120954333 99.67 2. Dematerialized 359006 2120954333 99.67
i
V M.I Z 244379 709287814 33.33 i) of which, NSDL 244379 709287814 33.33
ii
MI.I M Z 114627 1411666519 66.34 ii) CDSL 114627 1411666519 66.34
ERZ
367730 2127968258 100.00 Total (1+2) 367730 2127968258 100.00
GPºLIPL;ETOL4KLV>D4BEVT!ÈGSCG%P7ILTKETWBGESFX: During the Financial Year, Bank allotted 16,43,70,768 Equity

ETETÈIGFFJK>>>CG%P7ILTK)LLKSMKELK Shares of `2/- each at a premium of `126.49 per Equity Share
ELT WGFLV WLLK JK WLDBG7S GET GUMET J2Z-PJ D4BE ELT to Govt. of India on preferential basis and the amount received
>>>EIKLGLÈL*SHRC;" by the Bank on this account is `2111,99,99,980.32.
79
GPºLIPL;ETOL4KLVD4BEVTELTC;)LIUI.IWLK! .IWLK! 10.15 Bank has not issued any GDRs/ADRs/Warrants or any
PLKB7W'LPLELTC; )LIJGKPS;VIGPZTvULKIVHIB GELH4 S'LL convertible instruments during the financial year 2016-17
ELT ELTC; UI.IWLK! .IWLK!PLKB7 L ELTC; JGKPS;VI and there are no outstanding GDRs/ADRs/Warrants or
GPZTvDELLVHIBH4" any convertible instruments as on 31.03.2017.
EFLTG.7IFX:ULTGvFLX6H4"GPOTLIGPGVFULTGvFPH4GUBY 10.16 Commodity Price Risks are Nil. As regards foreign

exchange risk and hedging activities:
MTM&DG6SYGSGPGLGV&VH4
● Board approved Investment Policy in line with prudential
● DLT.; VT GVPTL JL8GZMI ELT WLC;WLK F.I> GF. WL8GJ2M ^LKL
guidelines/Bank guidelines framed by Mid Office,
DVL Y ÈR.TBGLZGOLLGVO;TL!D4BEETGOLLGVO;TLETMFLVLBSK Integrated Risk Management Division (IRMD) is in place
WVRFLTGOS GEL H4 ULT GE GPG)L6V MIFLWLTB EI GJ2G%MBY ^LKL which defines potential future losses by fixing various
E7ZL8M!ZL)LMIFLTBWJVLVL .IZKPLC;U!EKTBMIPLC;U
> limits such as cut loss/take profit limits (Dealer wise/
WLTPKVLC;7!J2LKP.; WLTJVG-'LGSC3LGOET JLT7TBGLZ)LGP Currency wise), Overnight/forward open positions etc.
FTBHLTVTPLZIHLGVELTJGK)LLGLSEKSLH4"CB7L.TWLTJVG-'LGSET Exchange risk associated with intraday open position
ML'L_ .TZLC;7WLTJVG-'LGSMIFLGJ2G%MBY^LKLGPGVFULTGvF is also addressed by fixing Daylight Open Position limit.
DSLSLH4"FÉPSI;ELL;ZWLC;WLK F.I^LKLGPG)L6VF41LTGK7I Foreign Exchange risk arising due to mismatch of foreign
DET7_MFTBGPOTLIFRÇLVEOIÈPLHETGFMF4QETELKLN3J6V currency cash flow in different maturity buckets are
GPOTLI GPGVF ULTGvF MIFLWLTB U4MT WLC;UI Z> UI Z WL4K addressed by limits such as IGL, AGL and VaR fixed and
monitored by Mid Office, IRMD.
PI WLKEIGZGF7GJ2%-.PNVEIGVYKLVIEIULSIH4"
● M)LI FQ;TB7 WLLGKS 7LBUT%LV FTB WLLS!GVL;S!WLPE ÈTLL! ● All merchant (Export/Import/Inward remittance/Outward
ULPEÈTLL
WBSKD4BEFLE;T7FTB WLT7IMI.TGKPTG70M -P4JP remittance) based transactions are hedged through OTC
derivatives (swap and forward) in Interbank market.
J2LKP.;
ETFLÉFMTKG\LSGETULSTH4"
● J2MI VWLK!C;C; J2MI!WLK J2MI ET FLÉF MT MAGUS X M.I ● USD funds generated through FCNR/EEFC/RFC are
J2B.-PL)LLGPEJMTNMIFRÇLFTBNMIETJ2B.ETCB¾ZLTBETJ naturally hedged as inflow and outflow of fund takes
place in the same currency. Aforesaid deposits other
FTBKG\LSHLTSIH4"X M.IETWZLPLNJ;RºL2UFL BFRÇL-P4JSBL
than USD are converted into USD through currency
ET FLÉFMT X M.IFTB JGKPGS;SHLTSIH4 WL4K LL7T FTB ZIYC;
swap mechanism and deployed profitably after taking
-P4JZLYSELTJQLSZL)LFTBÈOGL;SEIULSIH4"
swap cost into account.
● HFLKTJLM EMROAPMRJGK)LLGLS FWLC; MH4GUMETFLÉF
● We have a robust and well defined MIS through which
MT O4GVEYGSGPGLTB ET È3TEGOVM)LI-SKJKN1QÈDBV
daily activities are placed before Top Management
ET MF\L KvVT MT JXP; OTvL ULSL H4" CMT FÉPSI; ELL;Z> at all levels every day. The same has been defined in
WLC;WLK F.I ^LKL DVLC; YC; DLT.; WVRFLTGOS GVPTL JL8GZMI FTB Board approved Investment Policy framed by Mid Office,
JGK)LLGLSGELYLH4" IRMD.
CG%P7IM&DG6SFRÎLTETMBDBFTBJLLQLKELJSL 10.17 Address for Correspondence in respect of equity
E&JVIMGQP related issues:
JBULDV4LVZD4BE The Company Secretary
LTKGP)LLY>GPºLÈ)LLY Punjab National Bank
>MBMOFLY;>VC;GO:ZI Share Department, Finance Division
OXK)LLLMB 5, Sansad Marg, New Delhi 110001
Tel. No. 011- 23708257
J24%M
Fax : 011-23766079,
C;FTZ [email protected] e-mail : [email protected]
WL8VZLC;V GLELS GVPLKL ÈLLZI LTKLKELTB EI 10.18 Online grievance redressal system: The Bank has
JX/SL/!GLELSLTBETGVJ7LVHTSRJLLQLKMGHSMFWPGEF made available an online query/grievance/complaint
redressal system for reducing the time period involved in
EKVTETGZ D4BEVTWL8VZLC;VJX/SL/!GLELS!GLELSGVPLKL
correspondence in resolving the shareholders’ queries/
80
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
ÈLLZINJZ$EKLC;H4"VC;ÈLLZIETWBSY;SLTKÉLLKEHFLKI grievances. Under the new system the shareholder may

PTDMLC;7 www.pnbindia.in JK NJZ$ EKL Y JLT7;Z ET log in their query/complaint through the portal provided
in our website www.pnbindia.in under Investorinfo>
FLÉFMT Investorinfo>others>OnlineShareholderqueri
others> OnlineShareholderqueries/requests/grievances.
es/requests/grievances ET WBSY;S WJVI JX/SL/!GLELS The shareholder will be able to view status of the
OU;EKMESTH4B"LTKLKEOU;EKVTEIGSG'LMTZTEKNMET reference from the date of lodging till its resolution.
GVJ7LVEIGSG'LSEGLELSEIG-'LGSELTOTvMESTH4B"
For Punjab National Bank
²STJBULDV4LVZD4BE
GOVLBE ÈDBGVOTLE PBFR<EL;JLZEWGELKI Date: 16/05/2017 Managing Director & CEO
LLTLLL Declaration
MTDI ZWLT.IWLK
GPGVFVET (As per Schedule V (D) of the SEBI
WVRMXQIV .I
ETWVRMLK (LODR) Regulations, 2015)
D4BE VT M)LI DLT.; MO-LTB S'LL PGK# ÈDBV PY; ET WGELGKLTB ET The Bank has laid down a Code of Conduct for all the Board
Members and Senior Management Personnel of the Bank,
GZ WLQLKMBGHSLS4LKEIH4 GUMT D4BEEIPTDMLC7 https://www.
which is posted on the website of the Bank i.e. https://www.
pnbindia.in/model-code-of-conduct.htmlJKOLL;LYLH4" pnbindia.in/model-code-of-conduct.html
DLT.;ETM)LIMO-LTBS'LLPGK#ÈDBVVTv.
ETML'LWLQLK The Board Members and Senior Management have affirmed
compliance to the Code of Conduct in accordance with Clause
MBGHSLETWVRJLZVEIJRG7EIH4" 26 (3).
²STJBULDV4LVZD4BE For Punjab National Bank
GOVLBE ÈDBGVOTLE PBFR<EL;JLZEWGELKI Date: 16/05/2017 Managing Director & CEO
81
ELKLTDLKNºLKOLG3PGKJLT7; Business Responsibility Report
vB. EBJVIETGPLFTBMLFL6MXQVL Section A: General Information about the Company
EBJVIEIEL8JL;TKT7 ZLYXVHIB 1. Corporate Identity Not Applicable

Number (CIN) of the
JHQLVMB<L MIWLC; V
Company
EBJVIELVLF JBULDV4LVZD4BE 2. Name of the Company Punjab National Bank
JBUI²SJSL JBULDV4LVZD4BE> 3. Registered address Punjab National Bank,
ÈLV ELL;Z> )LIvL UI ELFL Head Office, 7 Bhikhaiji Cama
Place, New Delhi-110607
*ZTM>VC;GO:ZI
PTDMLC7 www.pnbindia.in 4. Website www.pnbindia.in
C;FTZWLC;.I [email protected], 5. E-mail id [email protected],
[email protected] [email protected]
GPºLIPL;GKJLT7; 6. Financial Year reported 2016-17
BJVIGUV\LTL LLTB
MT MBDH4 WL4]LTGYEYGSGPGLTB ET 7.
E Sector(s) that the Company is engaged in (industrial
ELT.ETWVRMLK
activity code-wise)
¹F EL;\LTL Sr. Sectors

MB No.
1 D4BGEBYMTPL B 1 Banking Services
2 MKELKIELKLTDLK 2 Government Business
3 FQ;TB7D4BGEBY 3 Merchant Banking
4 UTBMIELKLTDLKDIFL>&XQRWZJ2B.>VÈDBVWLGO 4 Agency Business- Insurance, Mutual Funds, Wealth
Management etc.
SIVÈFRvN3JLO!MTPL B DSL B GU6HTB EBJVIGVGF;SEKSIH4! 8. List three key products/services that the Company
NJZ$EKLSIH4 SRZVJLETWVRMLK
manufactures/provides (as in balance sheet)
D4BEETN3JLOLTBWL4KMTPLWLTBELTGV&VGZGvSSIVLILLTETWBSY;S The Bank’s products & services can be categorized

PYI;²SGELULMESLH4 under the following three heads:
U FLKLGLLTB FTB QLZX UFLKLGLLB> DQS UFLKLGLLB> MLPG 1. Deposits include Current Deposits, Savings
UFLKLGLLBS'LLWLPSI;UFLKLGLLBLLGFZH4B" Deposits, Term Deposits and Recurring Deposits.
L PBWGY[FFTBLLGFZH4B 2. Loans and Advances include
E v ROKL L WLPLM L> PLHV L> P4GºL2E L a. Retail loans: Housing Loan, Conveyance loan,
WLGO Personal loan etc.
v ² GLLGEMLV¹TG.7EL.;>JI VDIY[LFNOLTUVL b. Agriculture Loans: Kisan Credit Card, PNB Gram
WLGO Uday Scheme etc.
Y F M FC;LÈLVFBLIFRÇLLTUVL>-74B.WJCBG.L c. MSME Loans: Pradhan Mantri Mudra Yojana,
LTUVL>ÈLVFBLIKLTUYLKMAUVEL;¹F JI FC;UIJI
> Stand up India loan, Prime Minister Employment
Generation Programme (PMEGP) etc.
WLGO
d. Corporate Loans: Working Capital loans, Project/
L E L8JL;TKT7LEL;LIZJXBUIL>JGKLTUVL!MLPGL Term loans etc.
WLGO
3 Other Products :
W6N3JLO
a. Mutual Fund
E &XQRWZJ2B.
b. Depository Services
v G.JL8GU7KIMTPL B
c. Merchant Banking
Y FQ;TB7D4BGEBY
d. Wealth Management Services
L VÈDBVMTPL B
82
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
. WL8VZLCV7TG.BY e. Online Trading

Q ¹TG.7!.TGD7EL.;ELKLTDLK f. Credit/Debit Card Business
/ DIFLMTPL B g. Insurance Services
U J24%7GKBYMTPL B h. Factoring Services
ERZ-'LLVLTB EIMB<LUHL EBJVI^LKLELKLTDLKIYGSGPGL 9. Total number of locations where business activity is
MBQLGZSEIULKHIH4B undertaken by the Company
EWBSKL;7I-'LLVLTB EIMB<L ÈFRvETGPPKLÈOLVEKT

B a. Number of International Locations (Provide
details of major 5)
LLvLWLTB HLBYELBY> ORDC;> S'LL WLTDIXFRBDC;
> Bank has its Overseas presence in 9 countries by
WVRLBGYLTB ZBOV PB )LX7LV
> MLTGM 7 EULE-SLV
> way of 4 branches (2 Hong Kong, 1 Dubai and 1
MBRºL2 N]F VTJLZ
S'LL ÈGSGVG ELL;ZLTB GM.VI OBU-Mumbai), 2 Subsidiaries (London and Bhutan),
WL8-7TGZL> LB LLC;QIV> LELDLB9ZLOTL WL4K ORDC;X C;
ET 1 Associate (Kazakhstan), 1 Joint Venture (Nepal)
and 4 Representative Offices (Sydney-Australia,
FLÉFMTD4BEEIKL7LTBFTBP4GPENJG-'LGSH4"
Shanghai-China, Dhaka-Bangladesh & Dubai-UAE).
vKL7I-'LLVLTBEIMB<L
b. Number of National Locations
FLQ;JKJI VDIETWBQZELL;Z UT.WLT
>
PNB has 13 Zonal Offices (ZOs), 76 Circle Offices, 6938
FB.ZELL;Z>LLvL BS'LL 7I FH4B"
Branches and 10681 ATMs as on March 31st 2017.
E
BJVI^LKLMTGPSDLULK-'LLVI!KL5I!KL7I!WBSKL;7I 10 Markets served by the Company – Local/State/
National/International
D 4BEPAHOLLvLVT7PE; ET ML'LKL7I PB WBSKL;7IDLULKLTB FTB
MTPL BNJZ$EKLKHLH4" Both National and International markets with large branch
network.
vB.DIEBJVIETGPºLIGPPKL Section B: Financial Details of the Company
QRESLJXUI WLC; VWLK
EKLT. 1 Paid up Capital (INR) `425.59 crore
ERZELKLTDLK WLC; VWLK

EKLT. 2 Total Business (INR) `1041197 crore
ERZEKJQLSZL)L WLC; VWLK

EKLT. 3 Total Profit after Taxes (INR) `1325 crore
K JQLS ZL)L ET ÈGSLS ET J FTB GVYGFS MLFLGUE 4.
E Total Spending on Corporate Social Responsibility
NºLKOLG3P MI MWLK
JKGELYLERZ0
(CSR) as percentage of profit after tax (%)
WÈ4Z MT FLQ; EI WPG ET OL4KLV> FR< During the period from 1st April 2016 to 31st March 2017,
MI MWLKYGSGPGLTBJKGELYLERZ0ZLvH4 a sum of `272.30 lakh has been incurred on Core CSR
GUMELGPPKLGV&VLVRMLKH4 initiatives with details as under:
VLF DU7 GELYL0 Name Budget Amount incurred

ZLvFTB
MT (` lakh) (`lakh)
(01.04.16 to

31.03.2017)
ZLvFTB
ÈEL!WBELJKMI MWLK 1200.00 272.30 CSR at HO 1200.00 272.30

& ZOs
HL8EIWELOFI 220.35 136.90 Hockey Academy 220.35 136.90
WLK MC;7IWLC; 2516.10 1714.00 RSETIs 2516.10 1714.00
J27IMI! J2 ZMI 1046.00 882.00 FTC/ FLC 1046.00 882.00

ZL.ZI - 35.57 Ladli - 35.57
ERZ 4982.45 3040.77 Total 4982.45 3040.77
83
NVYGSGPGLTBEIMXQIGUVJKNJ;R%SFTBNG:ZGvS0 5. List of activities in which expenditure in 4 above has
GE Y H4B been incurred:-
GUVÈFRvMI MWLKYGSGPGLTBJK0GE Y H4B>PTGV&VLVRMLK List of Core activities (CSR) in which expenditure has
H4B been incurred is as below:
EGQGE3MLULBQGLGPK a. Medical Check Up Camps

b. Tree Plantations
vPA\LLKLTJL
c. Blood Donation Camps
Y KºL2OLVGLGPK
d. Distribution of Artificial Limbs
L ²GLFWBYLTBELGPSKL
e. Installation of Solar Lights
¥ML4KZLC7_MEI-'LLJVL
f. Installation of Digital Registration Machines at Hospital
Q HL8G-J7ZFTBG.GU7ZJBUIEKLFLIVLTBEI-'LLJVL
g. Construction of Bus Shelter
/ DMWL+ELGVFL;L
h. Experimental Learning material through Government
U MKELKI-EXZLTBETFLÉFMTÈLLTGYEGL\LLMLFY[I Schools
W6MI MWLKYGSGPGLBCMÈELKH4B Other CSR activities are as below:
E D4BE²LELTB>FGHZLWLTB PY[LFILRPLWLTB ELT 0PMLGEÈGL\LL a. The Bank is making an effort to upgrade knowledge
ÈOLVEKNVET,LVPEL4LZELN6VVEKVTHTSRGVKBSKÈLMKS and skills of farmers, women and rural youth through
H4" imparting vocational training.
v D4BEVTMI MWLKYGSGPGLTBET EGH-MTETJFTBJI VDIHL8EI b. The Bank continued its efforts to promote sports and
nurturing young talents as a part of CSR activities through
WELOFIETFLÉFMTvTZLTBELTDLPLOTVTWL4KRPLÈGS)LLWLTBEL
PNB Hockey Academy.
JLTLLEKVTETWJVTÈLMLTBELTULKIKvLH4"
Section C: Other Details
vB.MIW6GPPKL
1. Does the Company have any Subsidiary Company/
%LEBJVIEIELTC;WVRLBYIEBJVI!EBJGVLBH4= Companies?
W
WVRLBGYL a. Subsidiaries
E LKTZXWVRLBGYL a. Domestic Subsidiaries
¹MB MB-'LLELVLF -PLGF3PEL Sr. Name of the Entity Proportion of

WVRJLS
No. ownership %
JI VDIGY:7_MGZGF7T. 74.07 1 PNB Gilts Ltd. 74.07
JI VDIC6PT-7FTB7MGP;MTUGZGF7T. 100 2 PNB Investment Services Ltd. 100
JI VDICBLTKTBMD[LTGEBYÈLCPT7GZGF7T.# 81 3 PNB Insurance Broking Pvt. Ltd.# 81
#JI VDICBLTKTBMD[LTGEBYÈLCPT7GZGF7T.GVG¹H4"D[LTGEBYZLCMTBMMKTB.KGELULQREL # PNB Insurance Broking Pvt. Ltd is non functional. The broking license has been
H4S'LLEBJVIETMFLJVHTSREOFN#L ULKHTH4B" surrendered and steps are being taken for winding up of the company.
vWBSKL;7IWVRLBGYL b. International Subsidiaries
¹ MB-'LLELVLF GVYFVELKL7 -PLGF3PEL Sr. Name of the Entity Country of Proportion of
MB WVRJLS
No. incorporation ownership %
1. JBULDV4LVZD4BE XVLC7T.GEBY.F 100 1 Punjab National Bank United Kingdom 100

CB7KVTLVZ
GZGF7T. (International) Ltd.
2. .EJI VDID4BEGZGF7T. )LX7LV 51 2 Druk PNB Bank Ltd Bhutan 51
84
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WL
MLTGM 7_M D4BEEILNMMTWGEGH-MTOLKI
b. Associates: (Bank having 20% or more stake)
E LKTZX MLTGM 7_M a. Domestic Associates
¹ \LTLIY[LFILD4BELTB!W6 MLTGM 7_M -PLGF3PEL Sr. Name of Regional Rural Banks / Proportion of
MB ELVLF WVRJLS
No. Other Associates Ownership (%)
1 FÉGDHLKY[LFILD4BE>J7VL 35 1 Madhya Bihar Gramin Bank, Patna 35
2 MP;HGKLLLY[LFILD4BE>KLTHSE 35 2 Sarva Haryana Gramin Bank, Rohtak 35
3 GHFLQZY[LFILD4BE>FB.I 35 3 Himachal Gramin Bank, Mandi 35
4 JBULDY[LFILD4BE>EJXK'LZL 35 4 Punjab Gramin Bank, Kapurthala 35
5 MP;XJIY[LFILD4BE>FTK# 35 5 Sarva UP Gramin Bank, Meerut 35
6 GÈBGMJZ JI VDI MT7 F4VTUFTB7 E&JVI 21.38 6 Principal PNB Asset Management Co. 21.38
ÈLCPT7GZGF7T. Pvt. Ltd.
7 GÈBGMJZ7-7IE&JVIÈLCPT7GZGF7T. 30 7 Principal Trustee Co. Pvt. Ltd. 30
8 JI VDIHLNGMBYJ2LCVTBMGZGF7T. 39.08
8 PNB Housing Finance Ltd. 39.08
vWBSKL;7I MLTGM 7_M b. International Associates
¹ MB-'LL! MLTGM 7_M GVYFVELKL7 -PLGF3PEL Sr. Name of Entity/ Country of Proportion of
MB ELVLF WVRJLS
No. Associates incorporation Ownership (%)
1 UT MMI MDIJI VDI EULE-SLV 49 1 JSC SB PNB, Kazakhstan 49
EULE-SLV Kazakhstan
Y WBSKL;7IMBRºL2N]F c. Joint Venture: International
¹ MB-'LL! MLTGM 7_M GVYFVELKL7 -PLGF3PEL Sr. Name of Entity/ Country of Proportion of
MB ELVLF WVRJLS
No. Associates incorporation Ownership (%)
1 PKT-7D4BEGZGF7T. VTJLZ 20 1 Everest Bank Ltd. Nepal 20
%L FXZ EBJVI EI ELKLTDLK NºLKOLG3P JHZLTB FTB WVRLBYI 2. Do the Subsidiary Company/Companies participate in
EBJVI!EBJGVLBMH)LLGYSLEKSIH4B=GOHLSLT TMIWVRLBYI the BR Initiatives of the parent company? If yes, then
EBJVI GVLTB
EIMB<LOTB" indicate the number of such subsidiary company(s)
VHIB No
%L ELTC; W6 MB-'LL!MB-'LL B W'LL;S WLJXGS;ESL;> GPSKE 3. Do any other entity/entities (e.g. suppliers,
C3LGO
GUMET!GUVETML'LEBJVIELKLTDLKEKSIHLT>EBJVI distributors etc.) that the Company does business
EIELKLTDLKNºLKOLG3PJHZLTB FTB MH)LLGYSLEKSIH4B=GO with, participate in the BR initiatives of the Company?
HL SLT TMIMB-'LL!MB-'LLWLTB ELÈGSLSDSL B MT EF> If yes, then indicate the percentage of such entity/
MT>MTWGE entities? [Less than 30%, 30-60%, More than 60%]
VHIB No
vB..IELKLTDLKNºLKOLG3PMXQVL Section D: BR Information
ELKLTDLKNºLKOLG3PETGZ NºLKOLIGVOTLE!GVOTLELTBEL 1 Details of Director/Directors responsible for BR

GPPKL
a. Details of the Director/Directors responsible for
E E
LKLTDLKNºLKOLG3PVIGS!VIGSLTBETELL;6PVHTSRNºLKOLI
implementation of the BR policy/policies
GVOTLE!GVOTLELTBETGPPKL
¹MB $L4KL GPPKL Sr. No. Particulars Details
1 .IWLC; VMB 06861202 1 DIN No. 06861202
2 VLF +IETPID[ÄLUIKLP 2 Name Shri K.V. Brahmaji Rao
3 JOVLF EL;JLZEGVOTLE 3 Designation Executive Director
85
v ELKLTDLKN3SKOLG3PÈFRvELGPPKL b. Details of the BR Head
¹MB $L4KL GPPKL Sr No. Particulars Details
1 .IWLC; VMB ZLYXVHIB 1 DIN Number Not Applicable
2 VLF +IPIJIU4V 2 Name Shri V.P Jain

3 JOVLF FHLÈDBE> 3 Designation General Manager,
EL;VIGSÈDBV PBWLG'L;E Strategic Management and
Economic Advisory Division
JKLFL;È)LLY
4 7TGZJ2LTVVB 011-26183901 4 Telephone number 011-26183901
5 C;FTZWLC;.I [email protected] 5 e-mail id [email protected]
GMLBSPLK VPIUIETWVRMLK

DIWLKVIGS!VIGSL NºLK 2. Principle-wise (as per NVGs) BR Policy/policies
HL!VHIBFTBOTB
(Reply in Y/N)
¹ ÈV Sr. Questions
Customer Relations
Engagement & CSR
No
LTKLKEMBZ9VSL
MB
Business Ethics
N3JLON3SKOLG3P
Responsibility
Human Rights
ELKLTDLKV4GSESL
EF;QLKIE:LL
Public Policy
MLP;UGVEVIGS
Environment
Wellbeing of
Stakeholder
Employees
PMI MWLK
FLVPLGELK
Y[LHEMBDB
Product
MI MWLK
JL;PKL
CSR
JI JI JI JI JI JI JI JI JI P1 P2 P3 P4 P5 P6 P7 P8 P9
1 %LWLJET JLMET 1 Do you have policy/ Y Y Y Y Y Y Y Y Y

HLB HLB HLB HLB HLB HLB HLB HLB HLB policies for....?
GZ VIGS!VIGSL8BH4=
2 2 Has the policy Y Y Y Y Y Y Y Y Y
%L VIGS EL GVL;KL
being formulated in
MBDBGS GHSLKELTB ET HLB HLB HLB HLB HLB HLB HLB HLB HLB consultation with the
JKLFL;MTGELYLH4= relevant stakeholders?
3 %L VIGS GEMI KL7I! 3 Does the policy Y Y Y Y Y Y Y Y Y
conform to any
WBSKL;7IFLVEETWVRJ
HLB HLB HLB HLB HLB HLB HLB HLB HLB national /international
H4=GOHLB>SLTPL;VEKTB= standards? If yes,
L$OLTBFTB
specify?(50 words)
4 %L VIGS DLT.; ^LKL 4 Has the policy been Y Y Y Y Y Y Y Y Y
WVRFLTGOSEIYC; H4=GO approved by the Board?
Is yes, has it been
HLBSLT%LT F.I!-PLFI! HLB HLB HLB HLB HLB HLB HLB HLB HLB signed by MD/owner/
MIC;WLT!MBYS DLT.; GVOTLE CEO/appropriate
^LKLH-SL\LGKSH4= Board Director?
5 %L EBJVI FTB VIGS ET 5 Does the company have Y Y Y Y Y Y Y Y Y
a specified committee
ELL;6PVEIOTvKTvHTSR
of the Board/ Director/
DLT.; EI GPLTL MGFGS! HLB HLB HLB HLB HLB HLB HLB HLB HLB Official to oversee the
GVOTLE!WGELKIH4B= implementation of the
policy?
6 VIGSELTWL8VZLCVOTvVT 6 Indicate the link for the
ETGZ GZBEDSL B= policy to be viewed
online?
%L VIGS ET DLKT FTB M)LI 7 Has the policy been Y Y Y Y Y Y Y Y Y
ÈLMBGYE WLBSGKE P DLÂ formally communicated
HLB HLB HLB HLB HLB HLB HLB HLB HLB to all relevant
GHSLKELTBELTWL4JQLGKEJ internal and external
MTMXGQSGELYLH4= stakeholders?
%L VIGS!VIGSLTB ELT ZLYX 8 Does the company Y Y Y Y Y Y Y Y Y
EKVT HTSR EBJVI FTB ELTC; HLB have in-house
HLB HLB HLB HLB HLB HLB HLB HLB
WLBSGKEMBKQVLNJZ$H4= structure to implement
the policy/policies?
86
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
%LVIGS!VIGSLTBMTMBDBGS 9 Does the Company Y Y Y Y Y Y Y Y Y

GHSLKELTBEIMF-LWLTBET have a grievance
redressal mechanism
MFLLVHTSREBJVIFTBVIGS! related to the policy/
VIGSLTB ET MBDB FTB ELTC; HLB HLB HLB HLB HLB HLB HLB HLB HLB policies to address
GLELSGVPLKLSBLH4= stakeholders’
grievances related to
the policy/policies?
%LGEMIWLBSGKEW'LPL 10 Has the company N N N N N N N N N
DLÂ UTBMI^LKLCMVIGS carried out independent
audit/evaluation of
ET EL;QLZV EI -PSBLVHIB VHIB VHIB VHIB VHIB VHIB VHIB VHIB VHIB the working of this
ZTvLJKI\LL!FX:LBEV EKLL policy by an internal or
ULSLH4= external agency?
GO¹FMBETGEMIGMLBSELNºLK?VHIBH4>SLT²JL 2a.

E If answer to S.No. 1 against any principle, is ‘No’,
0L<LEKTBGE TML%LTBH4= GPE:JSEWBGESEKTB
please explain why: (Tick up to 2 options)
¹ ÈV JI JI JI JI JI JI JI JI JI Sr. Questions P1 P2 P3 P4 P5 P6 P7 P8 P9
No.
MB
EBJVIGMLBSLTBELTMF 1 The company has
not understood the
VHIBJLC;H4"
Principles
EBJVI TMI WP-'LL FTB 2 The company is not
VHIB H4 UHLB GVL;GKS at a stage where it
GMLBSLTB JK VIGSLTB ELT finds itself in a position
to formulate and
GVGJS S'LL ZLYX EK implement the policies
MET" on specified principles
EBJVIETJLMCMEL;ET 3 The company does
GZ GPºLIW'LPLUVLGºL2 ZLYXVHIB not have financial or NOT APPLICABLE
manpower resources
MBMLVNJZ$VHIBH4" available for the task
WYZTFHIVLTBETWBOK 4 It is planned to be done
TMLEKVTEILTUVLH4 within next 6 months
WYZT EPL; ET WBOK 5 It is planned to be done

TMLEKVTEILTUVLH4 within the next 1 year
ELTC; W6 ELKL 6 Any other reason

²JL-J7EKTB
(please specify)
ELKLTDLKNºLKOLG3PMTMBDBGSWG)LLLMV 3. Governance related to BR
● PHWLPAGºLDSL BGUMFTBGVOTLEFB.Z>DLT.;EIMGFGS ● Indicate the frequency with which the Board of

W'LPLMIC;WLTEBJVIETELKLTDLKNºLKOLG3PETGVJLOV Directors, Committee of the Board or CEO to
ELFX:LBEVEKST H4B"FLHET )LISK>MT FLHFTB> assess the BR performance of the Company. Within
ÈGSPL;> EPL;MTWGEWPGJK= 3 months, 3-6 months, Annually, More than 1 year.
D 4BEETELKLTDLKNºLKOLG3PGVJLOVETFX:LBEVHTSRGVOTLE T he Board of Directors meets annually to assess the

FB.ZEIPLGL;ED4#EHLTSIH4" BR performance of the company.
● %LEBJVIDIWLKW'LPLG-'LKSL M-7TVTGDGZ7I
GKJLT7; ● D
oes the Company publish a BR or a Sustainability
ELÈELLVEKSIH4=CMTOTvVTETGZ HLC;JKGZBE%L Report? What is the hyperlink for viewing this?
How frequently it is published?
H4=CMETJ[ELLVEIWLPAGºL%LH4=
D 4BEPLGL;EWLLKJKDIWLKGKJLT7;ÈELGLSEKSLH4"CMTD4BE The BR report is published annually and is placed on
the website of the Bank and the hyperlink for viewing
EIPTDMLC7JKGOLULSLH4GUMTOTvVTETGZ HLC;JKGZBE
this is https://www.pnbindia.in
https://www.pnbindia.inH4"
87
vB.C;GMLBSPLKÈOL;V Section E: Principle-wise performance
GMLBSELKLTDLKELTV4GSESL>JLKOGL;SL PBUPLDOTHIETML'L Principle 1: Businesses should conduct and govern

-PBELTMBQLGZS PBGVBGLSEKVLQLGH " themselves with Ethics, Transparency and Accountability
1. Does the policy relating to ethics, bribery and
% LV4GSESL>GKPSP)L[7LQLKMT MBDBGSVIGSETPZEBJVI
corruption cover only the company? Yes/ No. Does
ELT EPK EKSI H4= HL!VHIB" %L H MFXH!MBRºL2 N]FLTB!
it extend to the Group/Joint Ventures/Suppliers/
WLJXGS;ESL;WLTB!MBGPOLELKLTB! VUIWLT!W6ELT)LIEPKEKSIH4= Contractors/NGOs /Others?
D 4BEFTB EWLQLKMBGHSLH4ULTV4GSESL>GKPSvLTKIWL4K)L[7LQLK The Bank has a code of conduct which covers ethics,
ELT EPKEKSIH4 WL4K TMT FLY;OL;EGMLBSLTB ELT GVL;GKSEKVT bribery and corruption which attempts to set forth the
ELÈLMEKSIH4>GUVJKD4BEMBQLGZSHLTYLWL4KWJVTGPGP guiding principles on which the Bank shall operate
and conduct its daily business with its multitudinous
GHSÉLLKELTB>MKELKWL4KGVLFE UTBGMLTB>FIG.LP-PBMTM&D stakeholders, government and regulatory agencies,
W6GEMIETML'LWJVTO4GVEELKLTDLKELTMBQLGZSEKTYL" media and anyone else with whom it is connected.
D 4BEMF-SGVOTLELTB S'LLELTKÈDBVET M)LIMO-LTB MT WJT\LL The Bank expects all Directors and members of the Core
EKSLH4GEPTWJVTY[LHELTB>EF;QLGKLTBPW6GHSLKELTBETGHS> Management to exercise good judgment; to ensure the
interest, safety and welfare of customers, employees
MRK\LL PB E:LLELT MRGVGQSEKVT ET GZ W1/LGVL;ZTBYT
and other stakeholders and to maintain a cooperative,
WL4KELKLTDLKIMBY#VFTBMHLTYI>ERLZ>MELKL3FE>MLFBU-JXL; efficient, positive, harmonious and productive work
WL4KN3JLOEEL;JGKPTLDVL KvTBYT" environment in the business organization.
GJ/ZTGPºLIPL;FTBGHSLKELTBMTGESVIGLELSTBÈL*SHRC 2. How many stakeholder complaints have been received
S'LLGESVTÈGSLSELÈDBV^LKLMBSLTLUVEMFLLVGEL in the past financial year and what percentage was
satisfactorily resolved by the management? If so,
YL=GO TMLH4SLTZY)LYL$OLTBFTBCMELGPPKLOTB"
provide details thereof, in about 50 words or so.
GPºLI PL; ET OL4KLV GHSLKELTB MT ERZ GLELSTB During financial year 2016-17 we have received 15
ÈL*SHRC;BS'LLM)LIEL
MBSLTLUVEJMTMFLLVGEL complaints from stakeholders and all (100%) were
YL" resolved satisfactorily.
GMLBSELKLTDLKELT TMT N3JLOWL4KMTPL B ÈOLVEKVIQLGH Principle 2: Businesses should provide goods and services
ULT MRKG\LSHLTB S'LLWJVT M&JXL; UIPVQ¹ET OL4KLVG-'LKSLFTB that are safe and contribute to sustainability throughout
MHLEHLTB" their life cycle
JVT TMTN3JLOLTBPMTPLWLTBEIMXQIDVL BGUVEIJKTvL a.

E W List up to 3 of your products or services whose
FTB MFLU L JL;PKL MT MBDBGS FRÎT> ULTGvF S'LL!W'LPL design has incorporated social or environmental
concerns, risks and/or opportunities.
WPMKLLGFZHLTB"
D 4BEWJVILLvLWLTB> 7I F>CB7KVT7 PB.LTK-7TJD4BGEBYETGP-SAS The Bank provides sustainable banking products through
its extensive network of branches, ATMs, internet and
VT7PE;ETFLÉFMT-'LLID4BGEBYN3JLOPMTPL ÈOLVEKSLH4"
door step banking. Some of our products and services
HFLKTER/N3JLOWL4KMTPL BCMÈELKH4B are:
● G.GU7ZN3JLO ● D
igital products:
D 4BE VT VEOI KGHS MFLU ELT DLPL OTVT ET GZ CB7KVT7 The Bank has introduced several products which
D4BGEBY>FLTDLCZD4BGEBY> 7I F>ML4K¦UL;MBQLGZSDLLTFTG7E promote a cashless society viz. internet banking,
7I FU4MTEC;N3JLOLTBELWLKB)LGELH4" mobile banking, ATMs, solar powered biometric
ATMs.
)LIF)LLKSIKL7I)LRYSLVGVYF VJIMIWLC;
^LKLGPEGMS BHIM is another Mobile App developed by National
EW6FLTDLCZ TJH4ULT EI²S)LRYSLVCB7KJ2TM XJIWLC;
Payments Corporation of India (NPCI), based on
JKWLLGKSH4 WL4KD4BECMFTB MG¹JMT MH)LLGYSLEK the Unified Payment Interface (UPI) in which we are
KHLH4" actively participating.
JI VDIVTWJVT.TGD7EL.;LKELTBETGZ Y[IVGJVMRGPL PNB has launched Green Pin facility for its debit card
WLK&)LEIH4WL4KJI FUT.IPLC;vLSLTBELT/LT.EK.TGD7EL.; holders and has stopped physical pin printing in debit
card except in PMJDY accounts.
FTB)LL4GSEGJVFRÇLDBOEKGOLH4"
88
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
● GPºLIMFLPTLVJHZ ● F inancial Inclusion Initiatives:

GPºLI MTPL B GP)LLY> GPºL FBLLZ> )LLKS MKELK ^LKL DFS, MOF, GOI has declared PNB as first among
JI FUT.IPLC;vLSLTBETFLÉFMTUR7LC;YC;VKLGLLTBETMBO)L; all banks in deposit moblised through PMJDY
accounts and second in overall implementation
FTB M)LID4BELTB ET DIQJI VDIELT LIL;-'LWL4KJI FUT.IPLC;
of PMJDY. Some of the new initiatives of the
ET MFY[ ELL;6PVFTB G^SI-'LLVJK LLTGLSGELYLH4"
Bank in Financial Inclusion have been providing
DIMI-'LLVJKJI VDIFT7ZLCJ2DIFLLTUVL B>CB7KVT7D4BGEBY PNB MetLife policies at BC location, Atal Pension
ETFLÉFMTW7ZJTBLVLTUVL>M)LIDIMI-'LLVJKFLC¹LT Yojana through internet banking, Micro ATMs
7I FNJZ$EKLVLWL4KDIMI-'LLVJKWLLKMIG.BYM\LF deployed at all BC location and Aadhaar seeding
EKVLGPºLIMFLPTLVET\LTLFTBD4BEEIER/VC;JHZH4B" enabled at BC location.
● ²LEÈGL\LLETBÇ ● F armers' Training Centers:

D 4BEVTGEMLVÈGL\LLETBÇ-'LLGJSGE H4B>GU6HTBGEMLVLTB The Bank has established 11 Farmers Training
ET vTSLTB FTB FAOL JKI\LL MRGPL RºL2 FLTDLCZ P4V ET ML'L Centres which have been equipped with the Mobile
MRMG5USGELYLH4WL4KGEMLVLTBETGZ MXQVLÈOPIG.LT Van having Soil testing facilities at the farmers’ fields
and LED for audio visual display of informative video
G%ZJETWL8G.LTGPURWZÈOL;VHTSRCVFTB ZC;.IZYL Y
clips to the farmers. The Bank is also running Rural
H4B"D4BEY[LFIL-PKLTUYLKÈGL\LLMB-'LLV WLK MC;7IWLC;
)LI
Self Employment Training Institutes (RSETIs) which
MBQLGZSEKKHLH4>ULT Y[LFILZLTYLTB PB NVET JGKPLKLTB ELT are engaged in providing training to rural people and
-PKLTUYLK N]F!VL4EGKLB EKVT ET GZ EL4LZ N6VV HTSR their families for skill upgradation to undertake self-
ÈGL\LLÈOLVEKVTFTBMBZ9VH4B" employment ventures/Jobs.
v TMTÈ3TEN3JLOETGZ N3JLOEIÈGSCELC; P4EG:JE
b. For each such product, provide the following details
JKMBMLV NUL;>UZ>E1QLFLZC3LGO
NJLTYETMBDB in respect of resource use (energy, water, raw
FTBGV&VGZGvSGPPKLÈOLVEKTB material etc.) per unit of product (optional):
i. Reduction during sourcing/production/
i. &JXL;P4:XQ4VFTBMLTGM;BY!N3JLOV!GPSKLETOL4KLVYS
M distribution achieved since the previous year
PL;MTWLC;EFI= throughout the value chain?
ii. NJ)LLTºL2LWLTB ^LKLMBMLV NUL;>UZ
NJLTYET OL4KLV ii. Reduction during usage by consumers (energy,
water) has been achieved since the previous
YSPL;MTWLC;EFI=
year?
ZLYXVHIB" Not Applicable.
Y % LEBJVIFTB -'LLI-LLTSLTB JGKPHVMGHS

ET GZ ELTC; c. Does the company have procedures in place for
sustainable sourcing (including transportation)? If
EL;ÈLLZIH4=GOHLSLTWLJETWLOLVLTBELGESVLÈGSLS
yes, what percentage of your inputs was sourced
-'LLC; J MT -LLTS GEL YL= ZY)LY L$OLTB FTB CMEL sustainably? Also, provide details thereof, in about
GPPKL)LIOIGU " 50 words or so.
D E
B4 TMT GPºLIN3JLOWL4KMTPL BGPEGMS PBÈOLVEKVTELÈLM The Bank strives to develop and offer financial products
and services that, directly or indirectly, lead to long-term
EKSLH4 ULT È3\LW'LPLWÈ3\LJMT OI L;ELGZEJL;PKLI
environmental benefit and social development. The
GHSS'LLMLFLGUEGPELMELELKLDVSTH4"B D4E B WJVTWGELBL Bank procures most of its products from locally based
N3JLOLTB ELT-'LLVIWLLKPLZTWLJXGS;ESL;WLTB MTvKIOSLH4WL4KMX\F suppliers and also actively supports the Micro and Small
PBZ LRN]FLTB F MC;
ELMG¹JMTMF'L;VEKSLH4" Enterprises (MSE).
L % LEBJVIVT WJVT EL; -'LZET WLMJLMET -'LLVI PB d. Has the company taken any steps to procure goods
/LT7TN3JLOELTBPMFROLLTBMTP-SRWLTB PBMTPLWLTBEIvKIOHTSR and services from local & small producers, including
communities surrounding their place of work? If yes,
EOFN#L H4B=GOHLSLT-'LLVI PB/LT7TPTB.KLTBEI\LFSL what steps have been taken to improve their capacity
WL4KLT9SLELTDLVTHTSR%LEOFN#L Y H4B= and capability of local and small vendors?
D 4BGEBYN3JLOLTBEIÈ²GS)LL4GSEMBMLVÈLVVHLTEKMTPLT6FRvI The nature of banking products is service oriented and not
H4WL4KD4BEWLYTÈMBMLVETGZ FLZEIvKIOVHIBEKSLH4" material resource intensive, and the Bank does not procure
goods for further processing. The Bank encourages
D4BE F M FC;NLKESL;WLTBELTWJVTWLOLVMX\FN]FLTBMTÈL*S
the MSME borrowers to source their inputs from micro
89
EKVTHTSRÈLT3MLGHSEKSLH4"D4BE-PBMHLSLMFXHLTBWL4KFGHZL enterprises. The Bank provides loans at subsidized rate
N]FLTBELTGKLSIOKJKLÈOLVEKSLH4" to Self Help Groups and Women enterprises.
¥ %L EBJVI FTB N3JLOLTB PB WJGL7 EI KIMLCG%ZBY EI e. Does the company have a mechanism to recycle
ELTC; 0P-'LL H4= GO HL> SLT N3JLOLTB S'LL WJGL7 EI products and waste? If yes what is the percentage of
KIMLCG%ZBYELÈGSLS JA'LEJMT<>>> recycling of products and waste (separately as <5%,
ETJFTB
%LH4=ZY)LYL$OLTBFTBCMELGPPKL)LI 5-10%, >10%). Also, provide details thereof, in about
OIGU " 50 words or so.
Being a service oriented organization, recycling of
TPLT6FRvIMBY#VHLTVTETVLSTD4BEETN3JLOLTBETGZ N3JLOLTBEI
M products is not applicable for bank’s products. The Bank
KIMLCG%ZBYZLYX VHIB H4"D4BEEI EC;WJGL7VIGSH4 WL4K has an e-waste policy and purchases office materials like
D4BE'LLMB)LPWGESFKIMLC;EZEIYC;P-SRWLTBMTDVIELYU> Paper, stationery products, toilet paper, refuse sacks,
-7TLVKIN3JLO>7L8ZT7JTJK>DLTKI>ELBQ>G.$DTWL4K*ZLG-7EU4MI glass, cans and plastics made from recycled materials to
ELL;ZMLFY[IHIvKIOSLH4" the maximum extent possible.
GMLBSELKLTDLKELTMF-SEF;QLGKLTBETE:LLELTÈLT3MLGHS Principle 3: Businesses should promote the wellbeing of

EKVLQLGH " all employees
²JLEF;QLGKLTBEIERZMB<LDSL B" Please indicate the total number of employees.
The total number of employees as on 31st March 2017 is
FLQ; JKEF;QLGKLTB EIERZMB<L WVRLBGYLTB MGHS
73919 (including subsidiaries) which include 4933 Part-
H4GUMFTBWBLELGZEMJ2LC;EF;QLKILLGFZH4B" time sweepers.
²JL W-'LLI!MBGPOL!WLEG-FE WLLK JK KvT Y lease indicate the total number of employees hired
P
on temporary/contractual/casual basis.
EF;QLGKLTBEIERZMB<LDSL B"
One employee on contractual basis
MBGPOLWLLKJK EEF;QLKI" lease indicate the number of permanent women
P
employees.
²JL-'LLIFGHZLEF;QLGKLTBEIMB<LDSL B"
The number of full time women employees as on 31st
FLQ;JKFGHZLEF;QLGKLTBEIMB<LH4" March 2017 is 14615.
²JL LLKIGKE J MT W\LF EF;QLGKLTB EI MB<L lease indicate the number of permanent employees
P
DSL B" with disabilities?
FLQ; JKLLKIGKEJMT W\LF-'LLIEF;QLGKLTB EI The number of permanent employees with disabilities as
on 31st Mar’17 is 1003.
MB<LH4"
o you have an employee association that is
D
%LWLJELELTC; EF;QLKIMB LH4 GUMT ÈDBV^LKLFL6SL recognized by management?
ÈL*SH4= ll India PNB Employees Federation and All India PNB
A
WL8ZCBG.LJI VDI &*ZLTIUJ24.KTLVWL4KWL8ZCBG.LJI VDI Officers’ Association.
WL8GJ2MM; MLTGM LV" hat percentages of your permanent employees are
W
FL6SL ÈL*S EF;QLKI MB L ET MO-LTB FTB WLJET -'LLI members of this recognized employee association?
EF;QLGKLTBELÈGSLS%LH4= 86% of permanent employees are members of the above
ZY)LY-'LLIEF;QLKINJGKGZGvSMB LLTBETMO-H4B" unions and associations.
lease indicate the Number of complaints relating to
P
²JLYSGPºLIPL; ET WBSSEÈL*SHRC; PB ZBGDSKHI child labour, forced labour, involuntary labour, sexual
DLZFUOXKI>DBRWLFUOXKI>WV4G1/E+F>L4VN3JI.VMT harassment in the last financial year and pending, as
MBDBGSGLELSLTBEIMB<LDSL B" on the end of the financial year.
¹ +TLI GP3SIPL; GP3SIPL; Sr. Category No of No of
No. Complaints Complaints
MB ETOL4KLVOLK EIMFLG*SJK
filed during pending as at
EIYC;GLELSLTB ZBGDSGLELSLTB FY’17 end of FY’17
EIMB<L EIMB<L
1 DLZFUOXKI!DBRWLFUOXKI LX6 LX6 1 Child labour/forced labour/ NIL NIL
!WV4G1/E+F involuntary labour
2 L4VN3JI.V 5 2 2 Sexual harassment 5 2
3 )LTO)LLPJXL; LX6 LX6 3 Discriminatory NIL NIL
KLTUYLK employment
90
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WLJETGV&VGZGvSEF;QLGKLTBETGESVTÈGSLSELTYSPL; hat percentage of your under mentioned employees

W
MRK\LL PBEL4LZN6VVÈGL\LLÈOLVGELYL= were given safety & skill up-gradation training in the
last year?
E-'LLIEF;QLKI
a. Permanent Employees : 65.5
v-'LLIFGHZLEF;QLKI b. Permanent Women Employees : 66.5
YWLEG-FE!W-'LLI!MBGPOLEF;QLKI LX6 c. Casual/Temporary/Contractual Employees: NIL
LW\LFEF;QLKI d. Employees with Disabilities : 89.5
GMLBSELKLTDLKELT M)LIGHSLKELTB>GPLTLEKPBGQS>EFULTK Principle 4: Businesses should respect the interests of, and
PBMIFLBSGHSLKELTBETGHSLTBELÉLVKvVLQLGH WL4KNVETÈGS be responsive towards all stakeholders, especially those
who are disadvantaged, vulnerable and marginalized.
N3SKOLIHLTVLQLGH "
% LEBJVIVT WJVT WLBSGKEWL4KDLÂGHSLKELTB EIF4GJBY as the company mapped its internal and external
H
stakeholders?
EIH4=
Yes, The Bank has identified its key stakeholders, internal
HL>D4E
B VTWJVTÈFRvWLBSGKE PBDLÂGHSLKELTB EIJHQLVEIH4 and external and they include shareholders, customers,
WL4KCVFTB LTKLKE>Y[LHE>D4E
B EF;QLKIS'LLMFLULLGFZH4"B CVJK bank employees and society. They are further segregated
WGEÉLVOTVT ETGZ N6HTB WLYTGPG)L6VNJPYLT FTB DLB7LYLH4" into various subsets for enhanced focus.
%L EBJVI VT NJ;RºL2 FTB MT PBGQS> EFULTK PB MIFLBS ut of the above, has the company identified
O
the disadvantaged, vulnerable & marginalized
GHSÉLLKELTBEIJHQLVEIH4= stakeholders?
)LLKSMKELKWL4KWLKDIWLC; VT GPºLIMFLPTLV>ÈL'LGFESL\LTL Government of India and RBI has prescribed guidelines
ELT L OTVT> EFULTK PYLT ELT L OTVT WLGO JK GOLLGVO;TL on Financial Inclusion, Priority Sector Lending, Lending
GVÉLL;GKS GE H4B WL4K D4BE VT CV GOLLGVO;TLLTB ET WVRMLK PBGQS> to Weaker Sections etc. and the bank has identified the
disadvantaged, vulnerable & marginalized stakeholders
EFULTKWL4KMIFL6SGHSLKELTBEIJHQLVEIH4" as per those guidelines.
D 4BE??EL;-'LZJKGPGPSLELM&FLVEKSLH4 WL4KGPGP The bank values “Diversity at Workplace” and to enable
JA#)LXGFETEF;QLGKLTB^LKLWJVIJXKI\LFSLÈL*SEKVT PBMBY#V employees from diverse backgrounds to reach their full
FTBGVKBSKDVTEIGOLLFTBN6HTBM\LFDVLSLH4"D4BEVTFGHZLWLTB> potential and constantly grow in the organisation, bank
has created three developmental cells for Women,
GO0LBYLTB PB MMI! M7IEF;QLGKLTB ET GZ SIVGPELMÈELT#
Differently-abled and SC/ST employees.
DVL H4B"
%LPBGQS@EFULTK PB MIFL6SGHSLKELTB EIMBZ9VSLHTSR re there any special initiatives taken by the company
A
to engage with the disadvantaged, vulnerable and
EBJVI^LKLELTC;GPLTLEOFN#L Y H4B=GOHL>SLTZY)LY marginalized stakeholders. If so, provide details
L$OLTBFTBCMELGP-SASGPPKLOTB" thereof, in about 50 words or so.
“Giving back to the Society” is the prime motive behind our
?MFLUELTZL47LVLHFLKIMI MWLKYGSGPGLTB ELFR<NÎTH4"
CSR activities. The Bank undertakes various initiatives
D4E
B VTPBGQS>EFULTK PBMIFL6SGHSLKELTB ETGZ GPG)L6VJHZ for the disadvantaged, vulnerable and marginalized
EIH4"B Z LR!MIFLBS²LELT>B MX\FN]FLT>B -PBMHLSLMFXHLT>B EFULTK stakeholders. Loans are given at subsidized rates to
PY;WL4KFGHZLN]GFLTB ELTGKLSIOKLTB JKLGOLULSLH4"D4E B Small/Marginal Farmers, Micro enterprises, Self Help
Groups, Weaker sections and Women entrepreneurs.
GPG)L6V6LM!ETÇB )LIMBQLGZSEKKHLH4 U4MT GEJI VDI²LE The Bank is also running various Trust/Centers as:
E:LL6LM>JI VDILSL$OIY[LFILGPELM6LM>GPºLIML\LKSL PNB Farmer Welfare Trust, PNB Centenary Rural
ETÇB WLGO"T 6LMPBGQSMFROLLTB FTB ULYESLN3J6VEKVT S'LL Development Trust, Financial Literacy Centers etc. These
NVETEL4LZN6VVETFLÉFMTDTKLTUYLKIPYKIDIMTNDKVT PB trusts help the underprivileged communities to overcome
unemployment and poverty and shape their own future
WJVL)LGPDVLVTFTB NVEIMHLSLEKSTH4"B through awareness creation and upskill them.
GMLBSELKLTDLK^LKLFLVPLGELKLTBELTÈLT3MLHV PBM&FLVGOL Principle 5: Businesses should respect and promote
ULVLQLGH " human rights
%LFLVPLGELKLTBJKEBJVIEIVIGSETPZEBJVIELTEPK oes the policy of the company on human rights
D
EKSI H4 W'LPL H MFXH!MBR%S N]FLTB!WLJXGS;ESL;WLTB! cover only the company or extend to the Group/Joint
Ventures/Suppliers/Contractors/NGOs/Others?
MBGPOLELKLTB!Y4KMKELKIMBY#VLTB!W6ELT)LIEPKEKSIH4=
91
D 4BE +F ELVXVLTB WL4K EF;QLKI ET WGELKLTB ET WVRJLZV MGHS The Bank includes pertinent clauses related to human
GP¹TSLWLTBETML'LWJVTWVRDBLTBFTBFLVPLGELKMTMBDBGSNGQS rights in its agreements with vendors, including their
adherence to labor laws and employee rights.
LKL BLLGFZEKSLH4"
Y SGP3SIPL; FTB GHSLKELTB EIGESVIGLELSTB ÈL*SHRC;B ow many stakeholder complaints have been
H
WL4KÈDBV^LKLGESVTÈGSLSELMBSLTLUVEMFLLVGEL received in the past financial year and what percent
was satisfactorily resolved by the management?
YL=
During Financial Year 2016-17 we have received 15
GP3SIPL;ETOL4KLVHFTBGHSLKELTBMTGLELSTBÈL*S complaints from stakeholders and all (100%) were
HRC;BWL4KM)LIEL
MBSLTLUVEMFLLVGELYLH4" resolved satisfactorily.
GMLBSELKLTDLKELTJL;PKLELÉLVKvVT>MBK\LLEKVT PB Principle 6: Business should respect, protect, and make

CMTDHLZEKVTETÈLMEKVTQLGH " efforts to restore the environment
% LGMLBSMTMBDBGSVIGSETPZEBJVIELTEPKEKSI oes the policy related to Principle 6 cover only the
D
H4 W'LPLHMFXH!MBRºL2N]FLTB!WLJXGS;ESL;WLTB!MBGPOLELKLTB! company or extends to the Group/Joint Ventures/
Suppliers/Contractors/NGOs/others.
Y4KMKELKIMBY#VLTB!W6ELT)LIEPKEKSIH4=
D 4BEHGKSÈ'LLWLTBELTÈLT3MLGHSEKSLH4WL4KCMETGZ D4BEEI The Bank encourages green practices and has a
Green initiative policy for the same. Under the policy,
EHGKSJHZVIGSH4"D4BECMVIGSET SHSHKT JL4T ZYLVT>
the bank encourage plantation of green plants, using
KIMLCE:. ELYU EL NJLTY EKVT> C;.L8%XFTB7_M EL NJLTY re-cycled papers, e-documents and prescribing use of
EKVTWL4KMI J2 ZU4MTJL;PKLETWVREXZZLC7D:DLTBELHI only environment friendly light bulbs such as CFLs. The
NJLTYEKVTELTÈLT3MLGHSEKSLH4"D4BEEIVIGSETWVRMLKCMET Bank’s policy incorporates environmental and social risks
LGVL;LTBFTB)LIJL;PKLPMLFLGUEULTGvFLLGFZH4B" in its lending decisions.
% L UZPLR JGKPS;V> 9ZLTDZ PLGF;BY WLGO U4MT P4GPE oes the company have strategies/ initiatives to
D
JL;PKLIFRÎLTBJKÉLVOTVTETGZ EBJVIEIELTC;VIGS! address global environmental issues such as climate
change, global warming, etc? Y/N. If yes, please give
JHZH4=HL!VHIB"GOHL>SLT PTDJTUWLGOELHLC;JKGZBE hyperlink for webpage etc.
NJZ$EKL B"
The Bank does imbibe green sustainable products,
D 4BE G7EL¦ HGKS N3JLOLTB> ÈG¹LWLTB> VIGSLTB PB È'LLWLTB ELT processes, policies and practices.
WJVLSLH4"
T he Bank does not extend finance to environmentally
D4BEJL;PKLEIOAG7MTvSKVLEN]LTYLTBELTGPºLÈOLVVHIB hazardous industries. Preference is given to
EKSLH4"JL;PKLETWVREXZHGKSJGKLTUVLWLTBELTÈL'LGFESL environment friendly green projects.
OIULSIH4"
GPGVFL;LCELCLTB ET GZ >D4BE TMT ÈOXLELTB ET JL;PKLFTB F or manufacturing units, the Bank insists upon
installation of effluent treatment projects for processing
GV-SLGKSHLTVTMTJXP;NVETÈMB-EKLETGZ N3ÈPLHNJQLK
of such pollutants before release into the environment
JGKLTUVLWLTB EI -'LLJVL JK ULTK OTSL H4 WL4K H MRGVGQS and ensures that the borrower also obtains NOC from
EKSLH4GELIET6ÇI!KL5ÈOXLLGVBLLDLT.;MT VWLTMI Central/State Pollution Control Board.
)LIÈL*SEKTB"
MI MWLKJHZLTBETWBSY;SPA\LLKLTJLGLGPKWLLTGUSGE UL U
nder CSR initiatives tree plantations camps are
being organized, rain water harvesting is being
KHTH4B>FL4UXOL)LPVFTBPLL;UZMBQVGELULKHLH4WL4K done in existing building and new constructions are
M)LIV GVFL;LJL;PKLET WVREXZH4B"D4BEJPV¦UL; ELT environment friendly. Bank is promoting wind energy
DLPLOT KHLH4 WL4KY[LFIL\LTLLTB FTB ML4K¦UL; ELT ZLTEGÈ and popularizing solar energy in rural areas.
DVLKHLH4"
D4BEP4EG:JEMTPLGPSKLQ4VZLTBEINJZ$SLELTDLKHL B
ank is enhancing availability of alternative service
delivery channels and promoting its use by its
H4 WL4K WJVT Y[LHELTB S'LL EF;QLGKLTB ^LKL CMET NJLTY ELT
customers and staff leading to paper saving.
ÈLT3MLGHSEKKHLH4GUMMTELYUEIDQSHLTSIH4"
^LKELWL4KYR.YLBPFTB D4BEET V W3LRGVE)LPVÈFLGLS T he Bank’s new State of Art building at Dwarka and
Gurgaon are certified Green Building having 5 Star
HGKS JGKMK H4B GU6HTB GMSLKL ?YAH KTG7BY ÈL*S H4" CVEI GRIHA Rating having maximum design efficiency and
G.ULCV \LFSL WGESF H4 WL4K CVFTB WLRGVESF MRGPL B most modern amenities. It will also have amenities for
H4B" CVFTB GPEZLBYLTB ET GZ MRGPL B )LI FL4UXO HLTBYI" CMMT
92
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MLFL6O\LSLFTBPAGHLTVTETML'LML'LMFWL4KC;BVEI the disabled. It will lead to saving in time and fuel

DQS)LIHLTYI" besides adding to the general efficiency.
% L EBJVI MB)LLGPS JL;PKLI ULTGvFLTB EI JHQLV P oes the company identify and assess potential
D
WLEZVEKSIH4=HL!VHIB environmental risks? Y/N
D 4BE JL;PKLI GQBSLWLTB ELT OXK EKVT MT MBDBGS GPG)L6V JHZLTB The bank participates in various initiatives to address
FTB MH)LLGYSLEKSLH4"D4BEMSE;SLJXP;E TMT ELKLTDLKLTB MT DQSL environmental concerns. Bank consciously avoids
business that could have negative impact on ecosystems
H4 GUVEL JLGKG-'LGSEI SBL PB MFLU JK VELKL3FE È)LLP HLT and society and mitigate environmental and social risks
MESLH4"D4BEJL;PKLI PBMLFLGUEGVFLTBETWVRJLZV^LKL through compliance with environmental and social
JL;PKLIWL4KMLFLGUEULTGvFELTEFEKSLH4" regulations.
D 4BE-P1/¦UL; HTSR GPºLELT DLPLOTSLH4 WL4KWJVT JGKQLZV The Bank promotes finance for clean energy and
FTBJL;PKLETWVREXZJGSLTBELT)LIJ[LT3MLGHSEKSLH4" also promotes environment friendly methods in its
operations.
% L-P1/GPELMSBLETMBDBFTBEBJVIEIELTC;JGKLTUVL
H4=GO TMLH4SLTZY)LYL$OLTBFTBCMELGPPKLNJZ$ oes the company have any project related to Clean
D
Development Mechanism? If so, provide details
EKL B" ML'L HI> GO HL> SLT %L ELTC; JL;PKL WVRJLZV thereof, in about 50 words or so. Also, if yes, whether
GKJLT7;OLGvZEIYC;H4= any environmental compliance report is filed?
DEB4 CB7KVT7D4GB EBY>FLTDLCZD4GB EBY> 7I F>XJIWLC;WLGOU4MIGPG)L6V The Bank promotes paperless banking through various
G.GU7ZJHZLTB ETFLÉFMTELYUKGHSD4GB EBYELTÈLT3MLGHSEKSL digital initiatives like internet banking, mobile banking,
H4"JGKLTUVLWLTB ELGPºLJLTLLEKST MFW\L¦UL; M[LST LTB ET SHS ATMs, UPI etc. While financing projects, preference
is given to projects under renewable energy sources.
WLVTPLZIJGKLTUVLWLTB ELTÈL'LGFESLOIULSIH4"ML'LHI>MBY#VET Also within organization, the use of e-documents is
)LISK)LIC;O-SLPTULTB ETNJLTYELTÈLT3MLGHSGELULSLH4" encouraged.
%LEBJVIVT-P1/ÈL4]LTGYEI>¦UL;O\LSL>W\L¦UL;WLGO as the company undertaken any other initiatives

H
ETMBDBFTBELTC;W6JHZEIH4=HLB!VHIB"GOHLBSLT²JL on – clean technology, energy efficiency, renewable
PTDJTUWLGOELHLCJKGZBENJZ$EKL B" energy, etc. Y/N. If yes, please give hyperlink for web
page etc.
D 4BEML4K¦UL;JGKLTUVLWLTB>DLLTFLMS'LLUZPJPVNUL;Z LR The Bank finances many renewable energy products

JGKLTUVLWLTBU4MIEC;W\LNUL;JGKLTUVLWLTBELGPºLJLTLLEKSL such as Solar Power projects, Biomass and Small Hydro
and Wind Power projects. Another scheme that the bank
H4"J27L8JML4K¦UL;JGKLTUVLWLTBETGPºLJLTLLEILTUVLD4BE has launched is the Scheme for financing of Roof Top
^LKLWLKB)LEIYC; TMIHI EW6LTUVLH4" Solar Power Projects.
LOTSTMFHMRGVGQSGELULSLH4GEGUVJGKLTUVLWLTB
At the time of lending, it is ensured that the projects
ETGZ GPºLGOLULKHLH4>PTJL;PKLELTVREMLVVHIBJHRBQLSI for which the finance is being given does not harm the
H4B" environment.
JL;PKLJKORÈ)LLPELT EFEKVT ET GZ G.GU7ZÈ'LLWLTB ELT To reduce the impact on the environment, digital practices
WJVLLULSLH4 WL4K7LBUT%LVG-ZJET FRÇLMT DQVT ET GZ are adopted and customers are also encouraged to
Y[LHELTBELTC;-7T7FTB7>C;PTZEFGE7WL4K 7I FMBOTLEIÈLG*S adopt e-statement subscriptions, e-welcome kits and
EIÈ'LLELTWJVLVTETGZ ÈLT3MLGHSGELULSLH4" ATM messages to avoid printing of transaction slips.
%L GKJLT7; GE UL KHT GP3SI PL; HTSR EBJVI ^LKL N3J6V re the emissions/waste generated by the Company
A
N3MU;V!WJGL7 MIJIMIDI! MJIMIDI ^LKL WVRFS MIFLWLTB within the permissible limits given by CPCB/SPCB
ET)LISKH4B= for the financial year being reported?
E MTPL MBY#V HLTVT ET VLST D4BE GEMI )LI GPLL%S vSKVLE Being a service organization the bank does not generate
ÈOXLEELN3MU;VVHIBEKSLH4" any toxic hazardous pollutants.
MIJIMIDI! MJIMIDI MT ÈL*S TMT ELKL DSLWLT!ELVXVI umber of show cause/ legal notices received from
N
VLTG7MLTB EI MB<L ULT GPºLI PL; EI MFLG*S JK ZBGDS CPCB/SPCB which are pending (i.e. not resolved to
W'LL;SGUVELMBSLTLUVENºLKVHIBGOLULMEL
KHT= satisfaction) as at end of Financial Year.
LX6 Nil
93
GMLBSELKLTDLKUDZLTE PBGPGVLFEVIGSELTÈ)LLGPS Principle 7: Businesses, when engaged in influencing
EKVT FTB MBZ9V HLTB> SLT TML GU&FTOLK BY MT GEL ULVL public and regulatory policy, should do so in a responsible
manner
QLGH "
%LWLJEIEBJVIGEMI7T.PQ4BDK MLTGM LVEIMO- Is your company a member of any trade and chamber
or association? If Yes, Name only those major ones
H4=GOHLSLTETPZNVFR<MB-'LLWLTBETVLFDSL BGUVET
that your business deals with:
ML'LWLJELELKLTDLKMBDBKvSLH4"
The Bank is a member of:
D4BEGV&VELMO-H4
a. Indian Banks Association (IBA)
E)LLKSID4BEMB L WLC;DI
b. Indian Institute of Banking & Finance (IIBF)
v)LLKSID4BGEBY PBGP3SMB-'LLV WLC;WLC;DI J2
c. Institute of Banking Personnel Selection (IBPS)
Y D4BGEBYEF;QLKIQVMB-'LLV WLC;DIJI M
d. National Institute of Bank Management (NIBM)
L KL7ID4BEÈDBMB-'LLV VWLC;DI F

e. Centre for Advanced Financial Research and Learning
(CAFRAL)
¥N6VSGP3SILLT PBWÉVET6Ç MI J2WLK Z
f. Federation of Indian Chambers of Commerce and

Q )LLKSIPLGL5 PBN]LTYFB.ZFHLMB L GJ2%EI
Industry (FICCI)
/ WBSKL;7IPLGL5Q4BDM; WLC;MIMI

g. International Chamber of Commerce (ICC)
h. The Associated Chambers of Commerce and Industry
U )LLKSIPLGL5 PBN]LTY MLTGM 7T.Q4BDM; MLTQTF
of India (ASSOCHAM)
)LLKSIN]LTYJGKMB L MIWLC;WLC;
i. Confederation of Indian Industry (CII)
¸L )LLKSIKL7I)LRYSLVGVYF VJIMIWLC;
j. National Payments Corporation of India (NPCI)
7 OI%ZIGKBYEL8JL;TKTLVWL8J2CBG.LGZGF7T. MIMIWLC; Z

k.The Clearing Corporation of India Ltd (CCIL)
%LWLJVTE)LINJKLTºL2 MLTGM LVLTBETFLÉFMTUVGHSET ave you advocated/lobbied through above
H
GPELMW'LPLMRLKET GZ J4KPI!ZL8GDBYEIH4=HLB!VHIB@ associations for the advancement or improvement
GOHLBSLT²JL0LJE\LTLLTB .LJDL8%MWG)LLLMVWL4K of public good? Yes/No; if yes specify the broad
areas (drop box: Governance and Administration,
ÈLLMV>WLG'L;EMRLK>MFLPTLIGPELMVIGSLB>¦UL;MRK\LL> Economic Reforms, Inclusive Development Policies,
UZ>vL]MRK\LL>MSSELKLTDLKVIGSLB>W6
ELN:ZTv Energy security, Water, Food Security, Sustainable
EKTB" Business Principles, Others).
D E
B4 GPG)L6VMBY#VLTB ETFLÉFMTW'L;0P-'LLS'LLD4GB EBYMTMBDGB S The Bank puts forth suggestions related to economy and
banking through various Associations. The Whole time
MRLPWLYTDLSLH4"JXL;ELGZEGVOTLEWL4KLIL;ÈDBVGVLFE
Directors and Top Management are a part of various
PVIGSGVFL;SL^LKLDVL Y GPG)L6VEL; OZLTB ELGH-MLH4"B CM working groups set up by regulator and policy maker.
ÈELK>VIGSLBDVLSTMFGPG)L6VWLG'L;E PBGPºLIFRÎLTB ETMBD B Thus, the bank inputs regarding various economic and
FTB D4E
B ^LKLGO Y MRLPLTB JK)LIGPQLKGELULSLH4" financial issues are considered while making policies.
GMLBS ELKLTDLK ELT MFLPTLI PAG S'LL MLG&E GPELM FTB Principle 8: Businesses should support inclusive growth
and equitable development
MHLSLEKVIQLGH "
%LEBJVIFTBGMLBSMTMBDBGSVIGSETWVRMKLFTBGPGL7 D oes the company have specified programmes/
initiatives/projects in pursuit of the policy related to
EL;¹F!JHZ!JGKLTUVL BH4B=GOHLBSLTCVETGPPKLOTB" Principle 8? If yes details thereof.
D 4BEVT MFLPTLIPAGS'LLMLG&EGPELMFTB MHLSLEKVT ET The Bank undertakes various initiatives/projects to

support inclusive growth and equitable development:
GZ GPG)L6VJHZ!JGKLTUVL BWLKB)LEIH4B"
E
JI VDIY[LFNOLTUVLCMLTUVLETSHS>ML8CZHT:'L a. PNB Gram Uday Scheme: Under the scheme, loan
upto `1 lakh is being provided for soil reclamation/ soil
EL.; LKEGEMLVLTB ELT )LXGFMRLK!FAOLMBK\LLET GZ
conservation to farmers holding soil health card.
ZLvSEELLGOLULKHLH4"
v
WJBUI²SJËÑL)LXGFJK)LXGFHIV²GLFUOXKLTBETGPºLJLTLL b.Scheme for financing landless agriculture labourers
EILTUVL" on unregistered leased land.
94
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Y
FGHZLUT ZUIELT ZLvSEELMBJLGP;EFRºL2 c. Scheme for providing collateral free loans to
LÈOLVEKVTEILTUVL" Women JLGs upto `10 lakh.
L
JI VDIGPELMD4BEVT EI²SY[LFILGPELMETGZ d. PNB Vikas: Bank has adopted 169 villages for
Integrated Rural Development.
YLBPLTBELTWBYIELKGELH4"
e. The Bank is pro-actively participating in various
¥
D4BEFRÇL>-74B.WJCBG.L>ÈLVFBLIKLTUYLKMAUVEL;¹F
schemes of the Government of India like MUDRA,
JI FC;UIJI
>MX\F PBZ LRN]FLTBETGZ LMHDJXBUI Stand Up India, Prime Minister Employment
MG$M.ILTUVL MI ZMI M M
>vLOI PBY[LFN]LTYWLLTY Generation Programme (PMEGP), Credit Link Capital
ETPIWLC;MI
>P-L PB UX7\LTLET GZ ÈL4]LTGYEIN6VV Subsidy Scheme (CLCSS) for Micro and Small
GVG LTUVL 7IX J2 M
> vL] ÈMB-EKL N]LTYLTB ET GZ Enterprises, Khadi and Village Industry Commission
(KVIC), Technology Upgradation Fund Scheme for
MG$M.ILTUVLWLGOU4MI)LLKSMKELKEIGPG)L6VLTUVLWLTB Textile and Jute Sector (TUFS), Subsidy Scheme for
FTBWY[MG¹JMT)LLYIOLKIEKKHLH4" Food Processing Industries etc.
% LEL;¹FLTB!JGKLTUVLWLTBELTWLBSGKE7IF!GVUIJ2LNB.TLV! re the programmes/projects undertaken through
A
DLÂ-PBMTPIMB-'LLWLTB!MKELKILBQT!GEMIW6MBY#VET in-house team/own foundation/external NGO/
FLÉFMTWLLTGUSGELULSLH4= government structures/any other organization?
ZYWZYÈ)LLYLTB ET FLÉFMT GPºLIMFLPTLVS'LLGVYGFS

W The programs/projects under Financial Inclusion and
MLFLGUENºLKOLG3PETWBSY;SEL;¹F!JGKLTUVL BMBQLGZSEI Corporate Social Responsibility are undertaken through
separate Divisions. The Bank has an internal team and
ULSI H4B" CM EL;¹F ELT MJ2Z DVLVT ET GZ D4BE EI E partnerships with NGO and Government institutes for
WLBSGKE 7IF H4 WL4K VUIWLT PB MKELKI MB-'LLVLTB ET ML'L making the program successful.
)LLYIOLKIH4"
PNB Prerna is an association of the wives of the senior
JI VDIÈTKLLD4E
B ETPGK#WGELGKLTB EIJG3VLTB S'LLD4E B EIPGK# officials of the bank as well as senior lady officials of the
FGHZLWGELGKLTB EIMB-'LLH4 ULT D4E B EIMI MWLKYGSGPGLTB ET bank which are performing a vital role in undertaking/
WLLTUV!ÈOL;V!MBP;VFTB FH3PJXL;)LXGFELGV)LLKHIH4"B showcasing/promoting the Bank’s CSR activities.
%LWLJVT WJVIJHZET È)LLPLTB ELELTC; FX:LBEVGEL ave you done any impact assessment of your
H
initiative?
H4=
The Bank undertakes periodic reviews of various projects
D 4BE WJVT ^LKL MBQLGZS EI UL KHI GPG)L6V JGKLTUVLWLTB EI that it is undertaking. The Bank regularly assesses its
WLPGEMFI\LLEKSLH4"D4BEGPG)L6VMKELKILTUVLWLTBETSHS position and performance under various Government
WJVIG-'LGS PBÈOL;VELGVGFSJMTFX:LBEVEKSLH4" schemes.
MLFROLGEGPELMJGKLTUVLWLTB FTB WLJEIEBJVIELÈ3\L hat is your company’s direct contribution to
W
LTYOLV%LH4WLC; VWLKFTBKLGLS'LLMBQLGZSEIULKHI community development projects-Amount in INR
JGKLTUVLWLTBELGPPKLOTB= and the details of the projects undertaken?
D 4BEWJVIGPG)L6VJGKLTUVLWLTB ET FLÉFMT MLFROLGEGPELM The Bank’s contribution to community development

program has been through its various projects.
EL;¹FFTBLTYOLVEKKHLH4"
P
NB LADLI Scheme to promote and popularize
MKELKI GP]LZLTB FTB PIB E\LL SE WÉV EKVT PLZI education among poor and needy girls studying in
YKID WL4K UKSFBO Z.GELTB ET DIQ GL\LL ELT DLPL OTVT Govt School upto 12th standard. 4402 girls have
PB ZLTEGÈ DVLVT ET GZ JI VDI ZL.ZI LTUVL" been benefited with `97.75 Lakh.
Z.GELTBELTZLvELZL)LÈOLVGELULQRELH4"
P
NB Kisan Balak Shiksha Protsahan Yojana for
/LT7TGEMLVLTB>)LXGFHIV!²GL+GFELTBELTETBÇFTBKvSTHR MFLU promoting education among the weaker sections of
ET EFULTK PYLT FTB GL\LL ELT DLPL OTVT ET GZ JI VDI the society with focus on small farmers, landless/
GEMLV DLZE GL\LL ÈLT3MLHV LTUVL" /LLLTB ELT agricultural labourers. 586 students provided relief of
ZLvEIKLHSÈOLVEIYC;H4" `17.49 Lakh.
ÈLVFBLIUIEL-P1/)LLKSWG)LLVMKELKIDLGZEL! S

wachha Bharat Campaign of Prime Minister
- Construction of Toilets in Govt. girl /Co-Ed
MHGL\LLGP]LZLTBFTBLL4QLZLTBELGVFL;LÈLVFBLIUIET Schools: To promote Swachha Bharat Campaign of
-P1/)LLKSWG)LLVELTDLPLOTVTETGZ D4BEVTGQGªS!WBYI²S Prime Minister, Bank has constructed 11 toilets for
95
YLBPLTB ET MKELKI -EXZLTB FTB DLGZELWLTB ET GZ LL4QLZLTB girls in Government schools in identified/adopted
GPºLIPL; FTB
ELGVFL;LEKLLH4"W)LISEZLvEI villages. Total 89 toilets amounting to `92 Lakh have
been constructed so far.
KLGLMTERZLL4QLZLTBELGVFL;LEKLLULQRELH4"
%LWLJVT HMRGVGQSEKVT ET GZ EOFN#L H4B GE ave you taken steps to ensure that this community
H
CMMLFROLGEGPELMJHZELT MFROL^LKLMJ2ZSLJXP;E development initiative is successfully adopted by
WJVLLUL =²JLZY)LYL$OLTBFTBCMTMFL B" the community? Please explain in 50 words, or so.
-'LLVIMKELK> VUIWLT>JBQLSIKLUMB-'LLVLT>B MFROLLTB WL4KW6 Community development initiatives such as PNB Vikas
-'LLVI MB-'LLVLTB U4MT M)LI GHSLKELTB ET ML'L GFZEK JI VDI are taken up together with all stakeholders such as
GPELM U4MI MLFROLGE GPELM JHZLTB JK ELF GEL ULSL H4" local government, NGOs, Panchayati Raj Institutions,
Communities and other local institutions. The Bank
-'LLVI UKSLTB PB WLPESLWLTB ET WVRMLK MRGPL B NJZ$
engages with local agencies so as to offer facilities as
EKLVT ET GZ D4E B -'LLVI UTGB MLTB ET ML'LGFZEKEL; EKSL
per the local needs and requirements. The bank also
H4"-'LLVIUVM<LEIWLPESLWLTB ETWVRMLKWGE-PIEL; collaborates with local panchayats/Self Help Groups
S'LLMLFBU-JXL; N3JLOS4LKEKVT ET GZ D4E B -'LLVIJBQLSLT!B for better acceptability and dovetailing products as
-PBMHLSLMFXHLTB ET ML'L)LIMHLTYEKSLH4"-'LLVIMBY#VLTB per requirements of the local populace. The alliances
ETML'LY#ULT. HMRGVGQSEKVTFTB MHLSLEKSTH4B GED4E B TMT with local organizations ensure that the bank supports
EL;¹FLTB ELMF'L;VEKSLH4 GUVET MJ2ZHLTVT WL4KOI L;ELGZE program that are most likely to succeed and facilitate
MELKL3FEJGKPS;VFTB MHLTYIKHVTEIMB)LLPVL BMDMTWGEH4"B long term positive changes.
GMLBSELKLTDLKELTWJVTY[LHELTBPNJ)LLT%SLWLTBETML'LGU&FTOLK Principle 9: Businesses should engage with and provide value

BYMTUR.VLQLGH S'LLNVELTFX:NJZ$EKLVLQLGH " to their customers and consumers in a responsible manner
GPºLIPL; EIMFLG*SJKGESVT ÈGSLSY[LHEGLELSTB! hat percentage of customer complaints/consumer

W
NJ)LLTºL2LFLFZTZBGDSKHT= cases are pending as on the end of financial year.
RZ GLELSLTB W'LL;S GOVLBE JK ZBGDS

E Out of total number of 35474 complaints (i.e.217
KHI GLELSLTB S'LL GPºLI PL; ET OL4KLV ÈL*S complaints outstanding as on 1.4.2016 and 35257
HRC; GLELSLTB ELLTY
FTB MT SE complaints received during the financial year 2016-17),
GLELSLTBELMFLLVEKGOLYL'LL"SEZBGDS 35159 complaints were redressed as on 31st March 2017.
GLELSLTBEIMB<L'LIGUVEL)LIDLOFTBMFLLVEKGOL The number of complaints pending as on 31.03.2017
was 315 which have since been resolved.
YLH4"
%L EBJVI N3JLO ET ZTDZ JK -'LLVI ELVXVLTB ET WVRMLK oes the company display product information on
D
WGVPL; MXQVL ET WGSGKºL2 N3JLO EL W6 GPPKL )LI the product label, over and above what is mandated
as per local laws? Yes/No/N.A. /Remarks(additional
ÈOGL;S EKSI H4= HL!VHIB!ZLYX VHIB!G7*JGLLB WGSGKºL2
information)
MXQVL
GPºLIN3JLOLTBETGPPKLD4BEEIPTDMLC7JKÈOGL;SGE ULST The details of the financial products are displayed on the
website; awareness is also spread through pamphlets and
H4B WL4KJ4&JZT7LTB PB D[LTLKLTB ET FLÉFMT CVET DLKT FTB ULYESL
brochures. The advertising of the products is also done
J24ZLC; ULSI H4" CZ4%7L8GVE S'LL GÈB7 FIG.L FTB )LI N3JLOLTB ET in electronic and print media. Bank also has its presence
GP,LJV GO ULST H4B" J2TMDRE WL4K G7_P7K U4MT GPG)L6V MLTLZ on various social media platforms such as Facebook
FIG.LFBQLTBJK)LID4BEVTWJVINJG-'LGSOU;EIH4>UHLD4BE and Twitter which effectively displays the features of the
^LKLNJZ$EKL ULKHT N3JLOLTB PMTPLWLTB EIGPLTLSLWLTB ELT products and services offered by the Bank
È)LLPIJMTÈOGL;SGELULSLH4"
Is there any case filed by any stakeholder against
%L YS PLLT ET OL4KLV GEMI )LI GHSLKE ^LKL EBJVI the company regarding unfair trade practices,
ET GPWVRGQS0LJLKJGSLTB>Y4KGU&FTOLKLVLGP,LJV irresponsible advertising and/or anti-competitive
S'LL!W'LPLÈGS-JL;KLTI0PHLKET MBDBFTB OLKGEL behaviour during the last five years and pending
YLELTC;FLFZLGPºLIPL;ETWBSJKZBGDSKHL=GO TML as at the end of financial year. If so, provide details
H4SLTZY)LYL$OLTBFTBCMELGPPKLOTB" thereof, in about 50 words or so
ELTC;VHIB" Nil
96
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
%L WLJEI EBJVI VT ELTC; )LI NJ)LLT%SL MP;T\LL!NJ)LLT%SL id your company carry out any consumer survey/
D
MBSRG7ÈPAGºLGPZTLLGELH4= consumer satisfaction trends?
D 4BEGPG)L6VMBJE;GDBORWLTBJKZTVOTVEKVTPLZTY[LHELTBEIMBSRG7 The Bank on a continuous basis measures the satisfaction

levels of customers transacting across various touch points.
ET -SK EL MSS WLLK JK WLEZV EKSL H4" D4BE ET JLM The Bank has an Online Grievance Redressal Management
WL8VZLCVGLELSGVPLKLÈDBVEL;¹F>Y[LHEMTPLMGFGS> Program, Customer Service Committee, state of the art
YR.YLBPPVLT .LFTB W3LRGVEMBJE; ETBÇH4B"M)LILLvLWLTB PB Contact centers in Gurgaon and Noida. Customer Service
FB.ZELL;ZLTB FTB FL4UXOLY[LHEMTPLEIYRLPºLLEIULBQEKVT Committees have been set up in all the branches and Circle
offices to look into the quality of customer service rendered
WL4KY[LHEMTPLFTB MRLKHTSR GFZVT PLZIÈGSG¹LWLTB!MRLPLTB EI and to critically examine the feedback/suggestions for
MFI\LLEKVTETGZ Y[LHEMTPLMGFGSLBDVLC;YC;H4B" improvement in customer service.
D 4BE ?E-7FK -JIE VLFE FLGME JGLEL ÈELGLS EKSL H4 The Bank publishes a monthly magazine titled
GUMFTB Y[LHELTB ^LKLOU; EKLC; YC; QRGVBOLGLELSLTB ET ML'LML'L “Customer Speak” in which selected complaints filed
by customers and action taken and resolution provided
CVJKEIYC;ELK;PLC;WL4KGLELSESL;WLTBELTNJZ$EKL Y to the complainants is also provided.
MFLLVGO ULSTH4B"
97
HWZHGTNMGMHVFO4TLPMH4Q
HLKMU 8<2016-17
HQMJHQQLM
Corporate SocialStatement
Financial Responsibility
Report 2016-17
98
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
ÈDBGVOTLE PBFR<EL;JLZEWGELKIELMBOTL MANAGING DIRECTOR & CEO MESSAGE
D4BEEIMI MWLKGKJLT7; È-SRSEKST HR FRT WJLKÈM6VSLHLT KHIH4" It gives me immense pleasure to present the CSR Report of
CMGKJLT7;ETFLÉFMTD4BEPL;ETOL4KLVGVYGFSMLFLGUENºLKOLG3P the Bank. Through this report, the Bank underlines the major
initiatives taken up in the area of Corporate Social Responsibility
ET\LTLFTBEIYC;ÈFRvJHZLTBELTKTvLBGESEKSLH4" during the year.
JBULDV4LVZD4EB FTB GVYGFSMLFLGUENºLKOLG3PHFLKTFX:LTB FTB GVGHSH4 At Punjab National Bank, Corporate Social Responsibility is
WL4KHOLL;SLH4GEHFGEMJ[ELKWJVTZ\LTB WL4KÈGSDSLWLTB EIÈLG*S embedded in our values and depicts how we conduct business,
ETGZ 0LJLKEKSTH4>B N3JLOLTB WL4KMTPLWLTB ELGPELMEKSTH4B WL4KWJVI develop products and services and deliver our services for
attainment of our goals and commitments. Since more than two
MTPL BÈOLVEKSTH4"B QXGB ED4E B EIOLTGSHLC;MTWGELL<LL BY[LFILWL4K
thirds of the Bank’s branches are located in Rural and Semi
W;LHKICZLELTB FTB G-'LSH4>B D4E
B Y[LFILWL4KW;LHKI\LTLLTB EIMLFLGUE Urban areas the Bank understands its responsibility in pursuing
VIGSLTB ELWVRMKLEKVTEIWJVIGU&FTOLKIELTMFSLH4%LTGB ECV\LTLLTB social policies as in Rural and Semi Urban areas the CSR
FTB MI MWLKMLFL6O4GVED4GB EBYJGKQLZVLTB ELFR<)LLYH4" remains the core of normal day to day banking operations.
D4BEVTMI MWLKLTUVLWLTBETFLÉFMTPBGQSZLTYLTBETMLFLGUEE:LL The Bank endeavored to materialize social welfare of the

ELTMB)LPDVLVTELÈLMGELH4"Y[LFIL!W;LHKI)LLKSEIYKIDWL4K underprivileged through CSR schemes such as PNB Ladli,
UKSFBOZ.GELTBFTBGL\LLELTZLTEGÈDVLVTETGZ JI VDIZL.ZI> popularizing education among poor and needy girls of rural/
semi urban India, PNB Kisan Balak Shiksha Protsahan
MFLUETEFULTKPYLTGPLTLJMT/LT7TGEMLVLTB>)LXGFHIV!²GLFUOXKLTB Yojana, promoting education among the weaker sections
FTBGL\LLELTDLPLOTVTETGZ JI VDIGEMLVDLZEGL\LLÈLT3MLHV of the society especially small farmers, landless/agriculture
LTUVLWL4KN]GFSLEL4LZGPELMETFLÉFMTFGHZLMLGºL2EKLELT labourers, and Mahila Kaushal Vikas Yojana, boosting women
DLPLOTVTETGZ FGHZLEL4LZGPELMLTUVL TMIHILTUVL BH4B" empowerment through entrepreneurial skill development.
D4BE GPLTL J MT Z LR PB MX\F N]GFLTB> FGHZLWLTB WL4K Y[LFIL The Bank has been proactively catering to the needs
and aspirations of the society at large, small and micro
RPLWLTB MGHSMFY[ MFLUEIUKSLTB WL4KWLELB\LLWLTB ELT JXKLEKVT
entrepreneurs, women and rural youth in particular. Towards
ET GZ MG¹JMT EL;KSH4"GEMLVLTB EIWLUIGPELFTB MRLK improving the livelihood of farmers, the Bank has set up 12
ZLVTETGZ >D4BEVTOTL)LKFTBGEMLVÈGL\LLETBÇLTB J27IMI
Farmers’ Training Centers (FTCs) across the country which
EI -'LLJVL EI H4 ULT GE DLULK MBQLGZS WL4K ,LV WLLGKS ²GL are facilitating adoption of market-driven and knowledge based
OAG7ELTLELTWJVLVTFTBMHLSLOTKHTH4B"D4BEELNÎT J27IMIELT approach in farming. Bank’s aim is to transform FTCs into
OTLET²GLMFROLETGZ LGºL2LLZI,LVWL4KVPLQLKETBÇLTB FTB vibrant knowledge and innovation centers for the agrarian
community of the country. Bank has 57 Rural Self Employment
DOZVLH4"D4BEETJLMEL4LZWL4KN]FLIZSLGPELMETGZ
Training Institutes (RSETIs) for skill and entrepreneurship
Y[LFIL-PB KLTUYLKÈGL\LLMB-'LLV WLK MC;7IWLC;
WL4KGPºLI development and 108 Financial Literacy Centres (FLCs) for
MFLPTL PB MLFL6D4BGEBYWPÉLLKLLÈMLKEIMRGPLET GZ facilitation of financial inclusion and dissemination of general
GPºLIML\LKSLETBÇ J2 ZMI
H4B" banking concepts.
99
D4BE^LKLWJVIVIGSELTÉLVFTBKvSTHR >GVYGFSMLFLGUENºLKOLG3P Keeping its policy in view, Corporate Social Responsibility
EL;¹FLTB ELT NVZLTYLTB ELW3BSÉLVKvVT ET GZ S4LKGELYL programmes of the Bank have been designed to take utmost
care of the people who are at lower end of the social structure
H4 ULT OTLET MLFLGUELBQT ET GVQZT -SKJKH4B"JI VDIÈTKLLET of the country. Through PNB Prerna, the Bank involves the
FLÉFMT>D4BEVTUKSFBOLTBELTNVET^LKJKMTPL BOTVTETGZ WJVT spouses of its top executives in delivering services to the needy
LIL;WGÉLELGKLTBEIJG3VLTBELTLLGFZGELH4" at their doorsteps.
NJKLTºL2ETWZLPL>D4BEVTPA\LLKLTJLWG)LLVQZL H4B>¦UL;ETMBK\LL Apart from the above, the Bank has undertaken tree plantation
ETGZ GPG)L6VEOFN#L H4BWL4KJL;PKLELTMRKG\LSKvVTWL4KMFA drives, taken various steps for conservation of energy and
EKVTETGZ WJVIJHZETJFTBML4K¦UL;ETNJLTYELTÈLT3MLGHS encouragement of usage of solar energy as part of its initiatives
EKKHLH4" to protect and enrich the environment.
WBSFTBF4BHWLPLMVOTVLQLHXBYLGEWJVTMLFLGUEOLG3PLTBEIJXGS; In the end I would like to assure that the Bank’s efforts towards
ET GZ D4BEET ÈLMHFTLLEISKHULKIKHTYTB"D4BEMFLUET PBGQS fulfillment of its social obligations will continue as ever. The
ZLTYLTB SE JHRBQVT WL4K NVET UIPV FTB DOZLP ZLVT EI GOLL FTB ELF Bank will continue to work towards reaching out to have-nots
section of the society and make difference in their lives.
EKVLULKIKvTYL"
MRVIZFTHSL
(Sunil Mehta)
ÈDBGVOTLE PBFR<EL;JLZEWGELKI Managing Director & CEO
100
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QMHM<FHLKMU8<
ANNUAL REPORT
JBULD V4LVZ D4BE EL GVYGFS MLFLGUE Punjab National Bank’s Corporate Social
Responsibility Approach
NºLKOLG3POAG7ELTL
1. Corporate Social Responsibility is socially responsible
GVYGFS MLFLGUE NºLKOLG3P D4BE EL MLFLGUE J MT and enlightened attitude of the Bank. Our CSR policy
NºLKOLIS'LLÈDROAG7ELTLH4"HFLKIMI MWLKVIGSMFLU is to ensure effective and sustained CSR programme to
ETML'LD4BEETMLFLGUEMBDBLTBELT0LJEJMTMROAEKVT strengthen social ties of the Bank with the community at
ET GZ E È)LLPI PB MSS MI MWLK EL;¹F MRGVGQS large.
EKSIH4"
2. The CSR is an integral part of the overall PNB corporate
MI MWLKJI VDIEIMFY[GVYGFSELKLTDLKKLVIGSELWG)L6V Business Strategy. To integrate the concepts of CSR
WBYH4"ELKLTDLKKLVIGSET ML'LMI MWLKWPLKLLWLTB ELT with Business Strategy, the Bank makes the following
EI²SEKVTHTSRD4BEEIGV&VGZGvSÈGSDSL BH4B commitments:
GVKBSKSL 2.1 Sustainability
JI VDI TMT JGKPS;VLTB ELN3ÈTKEDVVLQLHSLH4 ULT PS;FLVWL4K PNB intends to be a catalyst for change that benefits
)LLPIJIIETGZ ZL)LELKIHLTYB "T GVKBSKSLJI VDIEIYGSGPGLTB present and future generations. Sustainability is an
EL EWG)L6VWBYH4ULTHFLKTÈFRvELKLTDLKFTB WL4KHFLKIM)LI integral part of PNB's activities – in our core business
YGSGPGLTB FTB 0L*SH4"CMÈELK>HFWJVTMF-SGHSLKELT>B MFLU and beyond. Thus, we believe in being responsible to all
PBJL;PKLETJ[GSNºLKOLIHLTVT FTB GPPLMEKSTH4"B our stakeholders, society and the environment.
GVYGFS-PBMTPL 2.2 Corporate Volunteering
MFLU ELT ZL47LVL HFLKI MI MWLK YGSGPGLTB EL FR< “Giving back to the society” is the prime motive behind
NÎTH4"HFWJVT EF;QLGKLTB ELT MI MWLKET DLKT FTB HI our CSR activities. The message that we give to our staff
MBOTLOTSTH4BGEWLUHFULTER/)LIEKSTH4B>PH)LGPEI regarding CSR is that whatever we do today will have
JIGLTBELTWPÈ)LLGPSEKTYL"CMÈELKHF-7LJ2MO-LTB an impact on future generations. Thus, we undertake
EIJXKI)LLYIOLKIWL4K-'LLVIUVMB<LEIMH)LLGYSLETML'L CSR activities with full participation of staff members and
WJVIMI MWLKYGSGPGLTBELMBQLZVEKSTH4B" participation of local populace.
MLFLGUEGVPTL 2.3 Social Investments
MLFLGUE J MT GU&FTOLK MBY#V HLTVT ET VLST D4BE JI VDI Being a socially responsible organization, we contribute
²LE E:LL 6LM> JI VDI LSL$OI Y[LFIL GPELM 6LM> to society through the PNB Farmers Welfare Trust,
JI VDIÈTKLL>²LEÈGL\LLETBÇLTB>GPºLIML\LKSL PB L PNB Centenary Rural Development Trust, PNB Prerna,
JKLFL; ETBÇLTB>Y[LFIL-PKLTUYLKPÈGL\LLMB-'LLVLTB WL4K TMI Farmers’ Training Centres, Financial Literacy & Credit
HIW6JHZLTB ET FLÉFMT MFLUFTB WJVLLTYOLVOT KHL Counseling Centres, Rural Self Employment & Training
Institutes and other such initiatives. We help the
H4"HFDTKLTUYLKIWL4KYKIDIMT NDKVT S'LLGL\LL PB EL4LZ
underprivileged communities to overcome unemployment
GPELMEL;¹FLTBETFLÉFMTWJVT)LGPELTWLELKOTVTFTB and poverty and shape their own future through education
PBGQSMFROLLTB EIMHLSLEKST H4B" TMIM)LIJHZLTB ELT HF and skill development programmes. All these initiatives
WJVLMLFLGUEGVPTLFLVSTH4B" are counted by us as social investment.
-PL-' 2.4 Health
HFCMOAG7ELTLELOA MF'L;VEKST H4B GEMFLU PB KL7 We strongly endorse the view that healthy mind and
ETMFY[GPELMETGZ E-P-'LJGKPTLFTB-P-'LFVWL4K healthy body in a healthy environment is essential for
-P-'LSVGVSLBSWLPEH4B"WSHFNV\LTLLTBFTBGVPTLEKST overall growth of society and the nation. Thus, we invest in
H4BULTCMÈELKETMBP;VFTBMHLSLEKSTH4B"PL; areas that facilitate such enhancements. During the year
ETOL4KLV>D4BEVTEF;QLGKLTBEIMG¹)LLYIOLKIETML'L 2016-17, the Bank has undertaken 667 CSR activities
MI MWLK YGSGPGLTB EL MBQLZV GEL" TMI YGSGPGLTB FTB with the active involvement of staff. This includes 38
CMPL;WLLTGUSGE Y GVLR:EGQGE3MLULBQGLGPK free medical checkup camps,49 Blood Donation Camps
S'LLKºL2OLVGLGPKLLGFZH4B" organized during the year.
HGKSJHZTB 2.5 Green Initiatives
HFVT GDUZI>JLVI>ELYUWLGOU4MT MBMLVLTB ET MBK\LLET We have implemented some quick win “Green practices”
GZ ER/ LI L[ J2ZOLE HGKS È'LL B ZLYX EI H4B" HF to conserve resources like electricity, water, paper,
etc. We are making efforts for rainwater harvesting in
FL4UXOL)LPVLTBFTBPLL;UZMBQVHTSRÈLMKSH4BWL4KJL;PKL
existing buildings and encourage environment friendly
ET WVREXZVPGVFL;LELT ÈLT3MLGHSEKST H4B"HFY[LFIL\LTLLTB new constructions. We are promoting wind energy and
FTB JPV¦UL; ELT DLPLOT KHT H4B WL4KML4K¦UL; ET NJLTY popularizing solar energy usage in rural areas. 614
ELT ZLTEGÈDVLKHT H4B"PL; ET OL4KLVWLLTGUSGE Y saplings were planted in 32 Tree Plantation Camps
PA\LLKLTJLGLGPKLTBFTBPA\LZYL Y " organized during the year.
101
MHLTY 2.6 Collaboration
-'LLVI UKSLTB WL4K WLPESLWLTB ET WVRMLK MRGPL B NJZ$ The bank engages with local agencies so as to offer
EKLVT ET GZ D4E B -'LLVI UTGB MLTB ET ML'LGFZEKELFEKSL facilities as per the local needs and requirements.
We are working closely with local people as Business
H4"DTHSKJHRQ B DVLVTETGZ HFELKLTDLKÈGSGVGLTB WL4KELKLTDLK
Correspondents and Business Facilatators for improved
MHLTGYLTB ET JFTB -'LLVIZLTYLTB ET ML'LGFZEKELFEKKHT reach. The Bank also collaborates with local Panchayats
H4"B D4EB -'LLVIJBQLSLT!B -PBMHLSLMFXHLTB ETML'LGFZEKDTHSK /Self Help groups for facilitating better acceptability
-PIEL;SLPLZTWL4K-'LLVIUVMB<LEIWLPESLWLTB ETWVRJ and dovetailing products as per requirements of local
N3JLOLTB HTSR MHLTYEKSLH4"-'LLVIMBY#VLTB ETML'LHFLKTY#DBV populace. Our alliances with local organizations help
HMRGVGQSEKVT FTB MHLSLEKST H4B GEHF TMT EL;¹FLTB EL ensure that we are supporting programs that are
MF'L;VEKTB GUVETMJ2ZHLTVT WL4KOI L;ELGZEMELKL3FEJGKPS;V most likely to succeed and facilitate long term positive
ZLVTFTB MHLEHLTVT EIMB)LLPVL BMDMTWGEH4"B change.
vTZLTBELMBP;V 2.7 Promotion of Sports

MI MWLK YGSGPG ET E GH-MT ET J FTB D4BE VT RPL The Bank continued in its efforts to promote sports and
nurturing young talents as a part of CSR activity. The
ÈGS)LLWLTBELTÈLT3MLHVWL4KvTZLTBETMBP;VEIGOLLFTBWJVT
Bank has set up Hockey Academy in Sept. 2002 for
ÈLMLTB ELT ULKI KvL H4" D4BE VT PL; ET WLR PY; junior hockey players in the age group of 14 to 18 years
ET UXGVK HL8EI GvZLG.LTB ET GZ GMSBDK FTB HL8EI with sanctioned strength of 25 players. Subsequently, in
WELOFIEI-'LLJVLEIH4GUMFTB-PI²SGvZLG.LTBEIMB<L April, 2004, the Bank also formed its senior hockey team.
H4"SOVBOKWÈ4ZFTBD4BEVTWJVIMIGVKHL8EI7IF The senior players are employees of the Bank.
EL)LIY#VGELH4"MIGVKGvZL.ID4BEETEF;QLKIH4B" Bank provides all logistic support and infrastructure to
D4BE GvZLG.LTB ELT NJ-EK P WPMBKQVL MT MBDBGS MF-S the players and they are groomed as hockey players.
MHLSLÈOLVEKSLH4 WL4KN6HTB N3²7HL8EIGvZLG.LTB ET Whereas junior hockey team players are provided
JFTBS4LKGELULSLH4"UXGVKHL8EI7IFETGvZLG.LTBELT with free lodging, boarding, stipend, playing kit, coach,
FR¾SWLPLM>DLTG.;BY>PUIJ2L>vTZGE7>ÈGL\LE> -7LT 7J2; astro turf ground etc. Senior hockey team players are
provided with playing kit, diet allowance, coach, dietician,
F4OLVWLGONJZ$EKL ULST H4B WL4KMIGVKHL8EI7IFET
physiotherapist’s services, astro turf ground, insurance
GvZLG.LTBELTvTZGE7>WLHLK)LºLL>ÈGL\LE>WLHLKGPLTL,> etc.
GJ2GULT'LTKTGJ-7 EI MTPL B> -7LT 7J2; F4OLV> DIFL WLGO EI
MRGPL BÈOLVEIULSIH4B" During the year the senior hockey team of the bank won
two prestigious tournaments-27th Lal Bahadur Shastri
PL; ET OL4KLV D4BE EI MIGVK HL8EI 7IF PTB ZLZ DHLORK Hockey Tournament, New Delhi and 33rd Surjit Hockey
LL-LIHL8EI7XVL;FTB7>VC;GO:ZIPPTBMRKUISHL8EI7XVL;FTB7> Tournament, Jalandhar and had been Runner up in 12th All
ULZBK U4MT OLT ÈGSG#S 7XVL;FTB7 FTB GPUTSL S'LL PTB WL8Z India Guru Tegh Bahadur Gold Cup Hockey Tournament,
CBG.LYRSTYDHLORKYLT:.EJHL8EI7XVL;FTB7>FRBDC; PPTB Mumbai, 53rd Nehru Senior Hockey Tournament (Men),
VTHMIGVKHL8EI7XVL;FTB7 JRL
>VC;GO:ZIWL4KPTBWL8Z New Delhi and 51st All India Bombay Gold Cup Hockey
CBG.LDL8&DT YLT:.EJHL8EI7XVL;FTB7>FRBDC; FTB NJGPUTSLKHI" Tournament, Mumbai. PNB Senior Hockey team also
JI VDIEIMIGVKHL8EI7IFÈGSG#SPTBWL8ZCBG.LDT7V reached to the semifinal of prestigious 121st All India
EJ HL8EI 7XVL;FTB7> ELTZELSL ET MTFIJ2LCVZ SE )LI JHRBQI" Beighton Cup Hockey Tournament, Kolkata. PNB Junior
hockey team has also won Senior Ashok Vajpai Gold
JI VDIEIUXGVKHL8EI7IF)LICMWPGETOL4KLVMIGVK Cup Hockey Tournament Pilibhit (UP) and Lala Hazarilal
WLLTEPLUJTC;YLT:.EJHL8EI7XVL;FTB7>JIZI)LIS XJI
WL4K Cup, Etawah (UP)during the period.
ZLZLHULKIZLZEJ>C7LPL XJI
EIGPUTSLDVI"
ULZBK JBULD
FTBPTBMRKUISHL8EI Senior Hockey Team on winning 33rd
7XVL;FTB7>EIGPUTSLMIGVKHL8EI7IF Surjeet Hockey Tournament,2016 at
Jalandhar (Punjab)
102
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
W6MI MWLKJHZTB 2.8 Other CSR Initiatives

D4BE ET PGK# WGELGKLTB EI JG3VLTB S'LL D4BE EI PGK# PNB Prerna, an association of the wives of the senior
FGHZL WGELGKLTB EL MBY#V ?JI VDI ÈTKLL D4BE EI officials of the Bank as well as senior lady officials of the
Bank is performing a vital role in undertaking/ showcasing/
MI MWLK YGSGPGLTB ET MBQLZV!ÈOL;V!ÈLT3MLHV FTB FH3PJXL;
promoting the Bank’s CSR activities. The prime objective
)LXGFELWOLEKKHLH4"D4BEEIGVYGFSMLFLGUENºLKOLG3P of the association is to support the Corporate Social
JHZLTBFTBMHLTYEKVLCMMBY#VELÈFRvNÎTH4" Responsibility initiatives of the Bank.
JI VDIÈTKLLEINJLÉ\L+IFSI
+IZ\FIETS'LL+IFSIKGLEL Smt. Srilakshmi K and Smt.
MBYLJXKTÈELLOIJGP]LZ> Rashika Sangapure, Vice
Presidents of PNB Prerna
J2KIOLDLOETUKSFBO/LLLTBELT distributing winter uniforms to
LISELZIVXGVJ2LF;ELGPSKL needy students of Prakshdeep
EKSTHR School, Faridabad.
PL;ETOL4KLVMI MWLKYGSGPGLTBEIFR<GPLTLSL B
Highlights of CSR Activities during the year
+IFSINLLWVBSMRD[FV>D4BE Smt.Usha
EIJXP;ÈDBGVOTLE PBFR< Ananthasubramanian,
EL;JLZEWGELKI>KL7JGS)LPV Ex-MD & CEO of the bank
presenting a cheque to
FTBFLVVIKL7JGS+IÈLDFRvUI;
Hon’ble President, Shri
ELTER#KLTYN6FXZVETGZ FOO Pranab Mukerjee at Rashtrpati
-PJQTEÈOLVEKSTHR "CM Bhawan as a helping hand
WPMKJKEL;JLZEGVOTLE+I towards eradication of leprosy.
ETPID[ÄLUIKLP>.L8WLK M Shri K.V.Brahmaji Rao,
Dr.R.S.Sangapure and Shri
MBYLJXKTWL4K+IMBUIPLKL)LI Sanjiv Sharan, Executive
NJG-'LS'LT" Directors were also present.
+IFSINLLWVBSMRD[FV>JXP;
Smt.Usha
ÈDBGVOTLE PBFR<EL;JLZE
Ananthasubramanian, Ex-MD
WGÉLELKI>UJRKFB.ZEI & CEO inspecting polygreen
LLvLEKLMLK^LKLGPºLJLTGLS house financed by Branch-
JLTZIY[IVHLNMELGVKI\LLEKST Karansar of Jaipur Circle.Seen
HR "ML'LFTB+IFSIE:JVLYR*SL> in the picture are Smt.Kalpana
Gupta, Zonal Manager Jaipur
WBQZÈD6EUJRKWL4K+IF;TL & Shri Dharmesh Kumar
ERFLKKLPS>FB.ZÈFRv" Rawat, Circle Head.
103
+IFSINLLWVBSMRD[FV>
JXP;ÈDBGVOTLEWL4KFR<
Smt. Usha
EL;JLZEWGELKI>VTÈÉLLV Ananthasubramanian,
ELL;ZFTBPTBYLSBL Ex-MD & CEO hoisted
GOPMETWPMKJKKL7I the National Flag on 68th
ÉPUJ2HKLL"CMWPMKJK Republic Day at Head
Office. Under CSR, school
MI MWLKYGSGPGLTBETWBSY;S bags distributed to the
MTB77TKTMLMLTLZPTZJ2TKET6Ç students of St. Teresa
ET/LLLTBELT-EXZD4YGPSGKS Social Welfare Centre.
GE Y "ML'LFTBEL;JLZE Sh.K.V. Brahmaji Rao,
Dr. Ram S. Sangapure
GVOTLE+IETPID[ÄLUIKLP> and Shri Sanjiv Sharan,
.L8WLK MMBYLJXKTWL4K+I Executive Directors also
MBUIPLKL)LIGOvLC;OTKHTH4B" seen in the picture.
+IFSINLLWVBSMRD[FV>
D4BEEIJXP;ÈDBGVOTLEWL4K Tree Plantation during
FR<EL;JLZEWGELKI^LKL Foundation Stone Laying
Program of Farmer
Y[LFGJ:PC;>FTHMLLL YRUKLS
Training Centre at
FTBGEMLVÈGL\LLETBÇET)LPV Village-Pillvai, Mehsana
ETGLZL6LMETOL4KLVPA\LLKLTJL (Gujarat) by Smt.Usha
GELYL"CMWPMKJK Ananthasubramanian,
Ex-MD & CEO of the
.L8KLETLYR*SL>S3ELZIV
Bank. Dr Raklesh Gupta,
FHLÈDBEÈELJI M ZDI)LI then General Manager HO
GQLFTBGOvLC;OTKHTH4B" PSLB also seen in picture.
.L8WLK MMBYLJXKT>
EL;JLZEGVOTLEGEMLV Dr.R.S. Sangapure,
ÈGL\LLETBÇ J27IMI
> Executive Director planting
a sapling at Farmers
GPGOLL FJI
FTBJL4LKLTJL
Training Centre
EKSTHR " (FTC ), Vidisha (MP)
104
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Smt. Usha
Ananthasubramanian,
+IFSINLLWVBSMRD[FV>D4BE Ex-MD & CEO of the bank
EIJXP;ÈDBGVOTLE PBFR< and Smt. Roshan Warjri,
EL;JLZEWGELKI PB+IFSI Hon'ble Minister Incharge
Home, Government
KLTLVPLKUKIFLVVILÈ)LLKI of Meghalaya laying
YAHFBLI>FT LLZMKELKC;-7 foundation stone for
vLMIGH:M>GUZL FT LLZ
construction of Rural Self
FTBY[LFIL-PBKLTUYLKÈGL\LL Employment Training
Institutes (RSETIs) at
MB-'LLVLTB WLKMT7IU
ETGVFL;L East Khasi Hills District
ETGZ GLZL6LMEKSTHR " (Meghalaya).
Smt. Usha
+IFSINLLWVBSMRD[FV>D4BE Ananthasubramanian,
EIJXP;ÈDBGVOTLE PBFR< Ex-MD & CEO of the
EL;JLZEWGELKI>FLJ2ZBY Bank planting a sapling
FT LLZFTBY[LFIL-PBKLTUYLK on the foundation stone
laying program of Rural
ÈGL\LLMB-'LLV WLKMT7I
ET
Self Employment Training
GVFL;LETGZ GLZL6LMET Institute (RSETI) at
OL4KLVJL4LKLTJLEKSTHR " Maflang, Meghalaya
JI VDIETGEMLVÈGL\LL Smt.Usha
EL8ZTU>VIFKLVLFTBWLLTGUS Ananthsubramanian, Ex-
EMFLKLTHFTBE&*X7K MD & CEO of the Bank
distributed the Education
ÈGL\LLLG'L;LTBS'LLFGHZL
Kits, Sports items,
N]GFLTBELTGL\LLGE7>vTZ scholarship cheques and
P-SR B>/LLPAGºLQTES'LL appreciation certificates to
ÈLBMLÈFLLJLGPSGKSEKSI the computer trainees and
HRC;+IFSINLLWVBSMRD[ÄV women entrepreneurs at
a function held at PNB's
D4BEEIJXP;ÈDBGVOTLE PB Farmers Training College,
FR<EL;JLZEWGELKI"CM Neemrana. Dr.Ram
WPMKJK.L8KLF MMBYLJXKT> S. Sangapure,ED,
EL;JLZEGVOTLE>.L8KLETL Dr.Rakesh Gupta,GM and
Smt. Kalpana Gupta, ZM
YR*SL>FHLÈDBEWL4K Jaipur were also present
+IFSIEZJVLYR*SL>WBQZ on the occasion.
ÈDBEUJRK)LINJG-'LS'LT"
105
+IFSINLLWVBSMRD[ÄV>
D4BEEIJXP;ÈDBGVOTLE
Smt. Usha
PBFR<EL;JLZEWGÉLELKI Ananthasubramanian,
MI MWLKYGSGPGLTBETSHS Ex-MD & CEO of the bank
+IGPVLEFBGOKGO:ZIFTB distributing school bags
DTMHLKLD1QLTBELTJVTEI with reading material to
destitute children at Sri
MLFY[IETML'L-EXZD4Y Vinayak temple at Delhi
GPSGKSEKSTHR " under CSR activities.
DIWVROLV B. Donation
PL;ETOL4KLV>D4BEVTML-LDZLTBETÉPUGOPMELTLWL4KGH6OXER# During the year, the Bank has taken initiative for donations to
GVPLKLMB LELT OLVOTVT EIJHZEIH4"D4BEVT U&FXEFIKET Armed Forces Flag Day Fund and Hind Khust Nivaran Sangh.
The Bank has also contributed to the PM Relief Fund on
DLJIG.SLTB EIMHLSL'L; D4BEET EF;QLGKLTB ET EGOVEIPTSV
account of help to flood victims of Jammu and Kashmir by way
E7L4SIETFLÉFMTÈLVFBLIKLHSELTLFTB)LILTYOLVGOLH4" of deduction of one day’s salary of employees of the Bank.
MI MWLKYGSGPGLB
CSR INITIATIVES
GVYGFSMLFLGUENºLKOLG3P MI MWLKYGSGPG
Corporate Social Responsibility (CSR activity):
D4BEWJVTGV&V7-7!ETBÇLTBETFLÉFMTGVYGFSMLFLGUENºLKOLG3P Bank is promoting welfare in Rural/semi Urban Areas as a part
ETGH-MTETJFTBY[LFIL!W;LHKI\LTLLTBFTBE:LLELKIELLTELT of Corporate Social Responsibility through its Trust/Centres as
DLPLOTKHLH4@ under;
JI VDIGEMLVE:LL7-7 A. PNB Farmer Welfare Trust,
DI JI VDILSL$OIY[LFILGPELM7-7 B. PNB Centenary Rural Development Trust,
MI GPºLIML\LKSLET6Ç C. Financial Literacy Centre.
NºL2 NÎTLTB ELT ÈL*S EKVT HTSR GV&VGZGvS LTUVL B EL; EK KHI Following schemes are in place for the pursuit of said
H4B objective:-
JI VDIGPELMY[LFWBYIEKLLTUVL 1. PNB VIKAS- Village Adoption Scheme:
GVYGFS MLFLGUE NºLKOLG3P JHZ ET GH-MT ET J FTB> D4BE VT As part of the Corporate Social Responsibility initiatives, the
JI VDIGPELMVLFEY[LFWBYIEKLEIE:LLELKILTUVLEL Bank has launched a Welfare Scheme of adoption of villages
named as “PNB VIKAS”.
LR)LLKB)LGELH4"
WBYI²SYLPLTBELMFY[JMTGPELMEKVLCMLTUVLELNÎTH4> The objective of the Scheme is to develop the adopted villages
in an holistic manner, which includes Human, Economic & other
GUMFTB W6GHSLKELTB Y[LFILMKELKIÈLGEKLLTB>-'LLVIGVELLTB
Infrastructure Development, for example sanitation, drinking
WLGO
ET ML'L FLVPI> WLG'L;E WL4K W6 FXZ)LXS MRGPLWLTB ET water supply, education, electricity, health etc in co-ordination
GPELM LLGFZ H4B> NOLHKLL'L; -P1/SL> JT UZ WLJXGS;> GL\LL> with the other stake holders (villagers, the Govt. authorities,
GDUZI> -PL-' C3LGO" LTUVL ET SHS D4BE VT GPG)L6V FB.ZLTB FTB local bodies etc). Under this Scheme, bank has adopted 169
YLPLTB WY[LIGUZLTB FTB S'LLY4KWY[LIGUZLTB FTB
ELT villages (78 in lead districts and 91 in non lead districts) in
WBYI²SGELH4" different Circles.
JI VDIZL.ZI 2. PNB Ladli:
Y[LFIL!W;LHKI\LTLLTBEIZ.GELTBETDIQGL\LLELTZLTEGÈDVLVTEI Scheme for popularization of education among girls of Rural
LTUVL"JI VDIZL.ZILTUVLELLR)LLKB)LGOVLBEELTVIFKLVL /Semi urban areas. PNB Ladli scheme was launched by the
106
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
KLU-'LLV
FTBJI VDI J2.$:X7IETML'LMBRºL2JMTJI VDIÈTKLLEI Chairperson of PNB Prerna jointly with PNBFWT at Neemrana
WÉ\LL^LKLGELYL'LL"CMETJQLS_MF-SWBYI²SYLPLTBETFLÉF (Raj.) on 17.07.2014. Thereafter, the scheme was launched
MT WY-SFLHFTB CMLTUVLELLR)LLKB)LWGvZ)LLKSIWLLK on Pan India basis in the month of August, 2014 through all
adopted villages. Under the scheme we are providing education
JKGELYL"LTUVLETSHSHFÈ3TEGQG6HSYLPLTBEIUKSFBO
inputs of Rs. 2500/- to 10 needy girl students of each identified
/LLLWLTBELT!ELL4\LGLEMHLTYÈOLVEKKHTBH4B"GPºLIPL; village. No. of beneficiaries under the scheme is 1603 during FY
ETOL4KLVCMLTUVLETSHSZL)LLG'L;LTBEIMB<LH4" 2016-17.
JI VDIWLLLGEKL 3. PNB Asha Kiran:

CMLTUVLELLR)LLKB)LY[LFIL\LTLLTB EIFGHZLWLTB ETMLGºL2EKLETGPELM Scheme has been launched to accelerate the pace of women
EIYGSELTSTUEKVTETGZ GELYLH4>UHLY[LFILFGHZLWLTB ELT empowerment in rural areas wherein 1000 rural women are
identified & nurtured till their economic empowerment.
GQG6HSGELUL YL PBNVETWLG'L;EMLGºL2EKLSEJLTGLSGELUL YL"
JI VDIWLLLGEKLEIFR<GPLTLSL B Salient features of PNB Asha Kiran:
GVLR:E-PL-'ULQGLGPK - Free health Check up Camps.

GPºLIML\LKSLFLY;OL;V - Financial Literacy Guidance.
ÈLVFBLIUVVLTUVLETML'LMF-SFGHZLÈGS)LLGYLTBELT - Linking all women participants with Prime Minister’s Jan
Dhan Yojana.
ULT.VL
- Promoting formation of women SHG/JLG
FGHZL M QUI!UT ZUIETY#VELTDLPLOTVL
- Training for Self Employment.
-PKLTUYLKETGZ ÈGL\LLOTVL
- Financial assistance by providing loans.
LÈOLVEKGPºLIMHLSLEKVL
- Market linkage for their produce.
NVETN3JLOHTSRDLULKMTMBLTUV-'LLGJSEKVL
4. Swachchh Vidyalaya Campaign:
-P1/GP]LZWG)LLV
Scheme to provide financial assistance for construction of
JI VDIGPELMET WBYI²SYLPLTB ET MKELKIGP]LZLTB FTB LL4QLZLTB toilets in government schools of adopted villages of PNB
ETGVFL;LHTSRGPºLIMHLSLÈOLVEKVTEILTUVLELTFBUXKIOTOI VIKAS has been approved. It focuses on co-educational and
YC; H4"HMHGL\LLWL4KZ.GELTB ET MKELKIGP]LZLTB JKÉLV girls’ govt. schools wherein we provide:-
ETG6ÇSEKSIH4UHLHFÈOLVEKSTH4B Separate toilet facility for girl student within an estimated
M)LIGQG6HSYLPLTB FTB ZLv!LL4QLZET WVRFLGVS0 expenditure of Rs.1.20 lacs/Toilet in all 169 identified villages.
ET)LISK/LLLWLTBETGZ WZYLL4QLZEIMRGPL" - A library with regular newspaper & educative magazines
!EIZLYSET )LISKGVGFSWvDLK PB GL\LLÈO upto cost of Rs. 15000/-
JGLELWLTBRºL2JR-SELZ" - A sport kits upto cost of Rs.10000/-.
!EIZLYSET)LISKvTZEXOELMLFLV" - So far 89 toilets have been constructed across the
WDSEOTL)LKFTBLL4QLZLTBELGVFL;LHLTQRELH4" country.
JI VDINULZL 5. PNB UJALA:
WBYI²SYLPLTB FTB !EIZLYSET )LISKML4K¦UL; MLTZK Scheme launched on 28.01.15 for providing 4 Solar Street
-7I7ZLC7MWL4KJI VDIZL.ZILTUVLETSHSJHZTMTHIWBYI²S Lights up to cost of Rs. 80000/- in the adopted villages and
È3TE/LLLELTEIZLYSEI EML4KZLZ7TVNJZ$EKLVT a Solar Lantern to each girl student costing Rs. 500/- already
HTSRCMLTUVLELWLKB)LGOVLBEELTGELYL"CMLTUVL adopted under PNB LADLI Scheme. Under the scheme 518
Solar Lights have been installed in 143 villages and 1559 Solar
ET SHSSEYLPLTB FTB ML4K¦UL; -7I7ZLC7_M Lanterns given to girl students up to 31.03.2017.
ZYLC;YC;WL4K/LLLWLTBELTML4KZLZ7TVGO Y "
6. PNB Farmers’ Welfare Trust:
JI VDI²LEE:LL6LM
¾ Punjab National Bank Farmers’ Welfare Trust (PNBFWT)
¾ GEMLVLTB>FGHZLWLTB WL4KY[LFILRPLWLTB EI\LFSLGVFL;LWL4K was established on 22nd September, 2000 on the basis
E:LL HTSR GVYGFS MLFLGUE NºLKOLG3P ET J FTB of permission accorded by the Board of Directors of
GMS&DK> ELT JBULD V4LVZ D4BE ²LE E:LL 6LM the Bank as a part of social corporate responsibility for
JI VDI J2.$:X7I
EI -'LLJVL JI VDI ET GVOTLE FB.Z capacity building and welfare of the farmers, women and
^LKLÈOLVEIYC;WVRFGSETWLLKJKEIYC;" rural youth.
¾ JI VDI²LEE:LL6LM JI VDI J2.$:X7I
KL5LTB FTB JI VDI ¾ PNB Farmers’ Welfare Trust (PNBFWT) is running
²LEÈGL\LLET6ÇLTB JI VDI J27IMI
ELMBQLZVEKKHLH4 UHL 11 PNBFTCs in 9 states where holistic approach of
GEMLVLTB ETJGKPLKETMFY[GPELMETGZ EL;GELULKHLH4" development of farmers familly is being done.
¾ JI VDI J2.$:X7IET J27IMIGEMLVLTB>FGHZLWLTBWL4KY[LFIL ¾ FTCs of the PNBFWT provide free of cost training/
RPLWLTB ELT GVLR:E ÈGL\LL!WLPLMI ÈGL\LL ÈOLV EKST residential training to farmers, women and rural youth.
107
H4B" J27IMI GEMLVLTB HTSR YLPLTB MT ÈGL\LL ET6Ç SE FR¾S FTCs also arrange free transportation to farmers from
JGKPHVEI)LI0P-'LLEKST H4B" J27IMI²GLS'LLMBDBGS villages to the training center. FTCs provide training
YGSGPGLTB>EB*X7KJL#µ¹FLTB>E7LC;>GMZLC; PB ELC; WLGO on agriculture & allied activities, computer courses,
cutting, tailoring & embroidery etc. Regular On Location
JKÈGL\LLÈOLVEKST H4B" J27IMIWGELGKLTB ^LKLYLPLTB ET
Programmes and Kisan Goshties are held at the door-
GVKBSKOL4KLTB^LKLGEMLVLTBEIOHZIUJKGVGFSJMT-'LLGVE steps of the farmers by the FTC officials by frequent visits
EL;¹FWL4KGEMLVYLTG#LTBWLLTGUSEIULSIH4B" to the villages.
¾ NJ;RºL2ET WGSGKºL2> J27IMIWJVT HL S'LLW6-'LLVLTB JK ¾ Out of the above, FTCs are also organizing Human
FLVP-PL-'ULQGLGPKWL4KJLR-PL-'ULQGLGPKEL)LI Health Check Up Camps and Animal Health Check Up
WLLTUVEKKHTBH4B" Camps at FTCs and other places.
¾ È3TE J27IMIVTGPELML3FEYGSGPGLQZLVTHTSR EYLP ¾ FTC have adopted one village each for undertaking
ELT WBYI²S GEL H4 UHL MLP;UGVE MRGPLWLTB EL GVFL;L> developmental activities, wherein developmental works
like, construction of public conveniences, class-rooms
-EXZLTB ET GZ E\LL B> Y[LF JR-SELZ> WL4LLZ> vTZ ET for schools, village library, dispensary, playgrounds,
F4OLVLTB>JBvT>PL7KEXZKU4MT GPELML3FEELLT ELT MBQLGZS providing fans, water coolers etc. to schools are being
GELULSLH4" undertaken.
¾ ET OL4KLV FLQ; SE> J27IMI ^LKL ¾ During 2016-17 upto March, 2017, FTCs have trained
ÈGL\LL EL;¹FLTB EI MHLSL MT FGHZLWLTB MGHS 172701 persons including 37671 women with the help
0GºL2LTB ELT ÈGL\LLGOLYL"CMWPGET OL4KLV of 4484 training programmes. FTCs have also organised
J27IMI^LKLFLVP-PL-'ULQGLGPK>JLR-PL-' 115 Human Health Check Up Camps, 171 Animal
ULQ GLGPK WL4K ²GL GPPGP]LZLTB!EL8ZTULTB!FTZLTB!MKELKI Health Check Up Camps and also arranged 141 visits to
Agriculture Universities/Colleges/Fairs/Govt. Farms etc.
J2LFLTWLGOETOL4KLTBEI0P-'LL)LIEIYC;" during this period.
J I VDILSL$OIY[LFILGPELM6LM 7. PNB Centenary Rural Development Trust (PNB
JI VDIMIWLK.I7I
CRDT):
Y[LFILGPELMFBLLZ>)LLKSMKELKET GOLLGVO;TLLTB ET WVRMLKD4BE As per the Ministry of Rural Development, Govt. of India
VTJI VDIY[LFIL-PBKLTUYLKÈGL\LLMB-'LLVLTB WLK MC;7IWLC;
guidelines Bank is operating 55 PNB Rural Self Employment
S'LL JI VDI ^LKL LR GE Y WLK MC;7IWLC; EL OTL )LK FTB Training Institutes (RSETIs) and 2 PNB initiated RSETIs across
JGKQLZVHLTKHLH4GUMFTBY[LFILGPELMEL;¹FFBLLZETWVRMLK the country wherein free vocational training are provided as
FR¾S0LPMLGEÈGL\LLÈOLVGELULSLH4"MBDBGSKL5MKELK per Ministry of Rural Development Programmes. The land is
alloted by the concerned State Government free of cost/ on
^LKLWLK M7IWLC;)LPVETGVFL;LETGZ UFIVFR¾S!JËÑTETWLÉLLK lease basis for construction of RSETI building.
JKWLPBG7SEIYC;H4"
During the F.Y. 2016-17, upto March, 2017, 40212 persons
GP3SIPL;ETOL4KLV>FLQ;SE>0GºL2LTBELT have been trained in these centers out of which 9750 belongs
CVETBÇLTB FTB ÈGLG\LSGELYLH4 GUVFTB MT DIJI ZJGKPLK to BPL families and 21388 were women.
S'LLFGHZL B'LI"
Our RSETIs are focusing to increase the rate of settlement of
HFLKTWLK MC;7IWLC;MFLPTLIGPELMETGZ JL;*SLMRGVGQSEKET participants by ensuring adequate credit for inclusive growth.
ÈGS)LLGYLTBETGVJ7LKTEIOKFTBPAGEKVTHTSRÉLVETBGÇSEKKHTH4B"
8. Financial Literacy Centres (FLCs)
GPºLIML\LKSLETBÇ J2 ZMI
Bank is operating 108 Financial Literacy Counseling centres

D4BEGPºLIML\LKSLJKLFL; ET6ÇLTB ELMBQLZVEKKHLH4 UHLB wherein structured financial Literacy is being spread.
MBKGQSGPºLIML\LKSLDKHIH4"
These centres are providing face to face counselling on
TET6ÇD4BGEBYW'LL;S_UFLKLGLLB>VLTG»ZWELNB7_MvLTZVL>GVPLKES'LL financial issues related to banking viz. deposits, opening of
NJQLKL3FELJKLFL; WLGOMT MBDBGSGPºLIMF-LWLTB JKJKLFL; No frill Accounts, preventive and curative credit conselling etc.
M&FRvÈOLVEKKHTH4B"PL;ETOL4KLVFLQ;SE J2 ZMI During the year 2016-17 upto March, 2017, 329469 number of
FTBJX/SL/EIYC;S'LL J2 ZMI^LKLWLLTGUSMTGFVLKLTB enquiries were made in the FLCs and 816534 persons attended
FTBZLTYLLGFZHR " the 14458 seminars conducted by FLCs.
JI VDIGEMLVDLZEGL\LLÈLT3MLHVLTUVL 9. PNB KISAN BALAK SHIKSHA PROTSAHAN

YOJANA:
MFLUETEFULTKPYLTFTBGL\LLELTDLPLOTVLCMLTUVLELNÎTH4" Purpose is to promote education among Weaker Sections of the
²GLNLKESL;/LT7TGEMLVLTB>MIFLBSGEMLVLTB>GEKLTOLKGEMLVLTB>FL4GvE Society. The agriculture borrowers comprising of small farmers,
marginal farmers, tenant farmers, oral lessees and agriculture
JËÑTOLKLTBS'LL²GLFUOXKLTBELTLLGFZEKSLH4BULTLvLSLTBELTGVGFS labour are eligible provided their loan account is running regular.
JMTQZLVTFTBM\LFH4"!EI EFRSGPºLIMHLSLPLGL;E Lump sum financial assistance of Rs. 2500/- is payable on
WLLKJKOTH4"]GJ>E6L/LLLTBELT!EIWGSGKºL2PLGL;E annual basis. However, Girl students get an additional annual
108
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MHLSLGFZSIH4"GPºLIPL; ET OL4KLVERZ/LLLTB ELT assistance of Rs. 1,000/-. A total of 566 students have been
MHLSLOIYC;H4" given assistance during the financial year 2016-17.
JRK-ELK AWARDS:
MI MWLK YGSGPGLTB EL WLLTUV EKVT S'LL OTL )LK FTB LTUVLD For undertaking the CSR activities and executing the same in
SKIETMTCMTG¹LG6PSEKVTETGZ >JI VDIVTMI MWLKWL4KGDUVTM planned way across the country, PNB has won the "Best Bank
GK-JL8G6MGDGZ7IWPL.; D.TD4BE
HTSRMP;+T#D4BEMIWLC; F M FC;D4BGEBY for CSR and Business Responsibility Award (Large Bank)-
G%MZTBMWPL.;ETGZ NJGPUTSLKHL" Runner Up by CIMSME-Banking Excellence Awards 2016".
WLYTEIKLH ROAD AHEAD:
M)LIGHSLKELTBETÈGSGU&FTOLKIHIHFLKTGPQLKLTBS'LLELLTELTWLELK Our sense of responsibility towards all stakeholders shapes
OTSIH4"HHFLKTELKLTDLKETHK\LTLFTBS'LLD4BEETM)LI-SKLTBJKHFLKI both our thoughts and our actions. It is firmly anchored in our
value chain, in each and every sector of business and across
FX:+ABvZLELT OASLMT DLBT HR H4"WS4P>HFVT QLZX PL; ET OL4KLV all levels of the Bank. As such, we plan to have a wider and
OTL)LKFTB MI MWLKYGSGPGLTB EI E0LJEWL4KYHKIJHRBQEI deeper reach of CSR activities across the country during the
LTUVLDVLC;H4" current year.
GVYGFSMLFLGUEOLG3PG¹LEZLJLTBETEPKTUJKÉLVETBGÇSEKVTEI Need was felt to focus the coverage of Corporate Social

Responsibility Activities which are already undertaken by the
WLPESLFHMXMEIYC;ULTGED4BE^LKLJHZTHIGE Y H4B"SOVRMLK> Bank. Accordingly, the activities undertaken by the Bank for
MFLU ET -'LLI MLFLGUE WLG'L;E GPELM ET GZ D4BE ^LKL EI YC; the sustainable socio economic development of the society
YGSGPGLBULTFLVPUIPVETN3'LLVWL4KMRLKETGZ FH3PJXL;LTYOLV which contribute significantly for upliftment and betterment
OTSIH4U4MT?JI VDIHL8EIWELOFIELMBQLZVEKVL>?JI VDIGPELM of human life such as running of ‘PNB Hockey Academy’,
LTUVLETWBSY;SYLBPLTBELTWJVLVL>?JI VDIEALEE:LL6LMELT adaptation of villages under ‘PNB Vikas Scheme’, maintaining
of ‘PNB Farmers’ Welfare Trust’ and administrating ‘RSETIs’
DVL KvVLS'LLGPºLIML\LKSLETBÇLTB J2 ZMI
MGHS?WLK MC;7IWLC;
including ‘Financial Literacy Centres (FLCs)’ shall be making
ELÈLLMVEKVLGVYGFSMLFLGUENºLKOLG3PETSHSWJVIYGSGPGLTB concentrated efforts towards its activities under Corporate
EIGOLLFTBM LVÈLMEKTYI" Social Responsibility.
HFD.TJ4FLVTJKMFLUETGZ N1Q-SKEIOASLS'LLZL)LETML'L We shall be ensuring full achievement of numerical and

financial budgets with a high level of visibility and benefit to the
MB<L3FEWL4KGPºLIDU7EIJXL;NJZG$MRGVGQSEKTBYT"
society at large.
109
ELTDTMZIIDTMZIIIETWBSY;S--S&)LJ[E7IEKL
ELTDTMZIIETWBSY;S-S&)L -J[E7IEKL
)LLKSIGKUP;D4BEETGOLLGVOT;LLVRMLKELTMFL*SPL;ETGZ DTMZIIJ[2TFPE;ETWBSY;S-S&)LJ[E7IEKLD4BEEIPTDMLC;7JKDTMZ
IIJ[2TFPE;ETWBSY;S-S&)LJ[E7IEKLFTBJ[OGLSGELYLH4"GP-SAS$L4KTETGZ EAJLHFLKIPTDMLC;7 www.pnbindia.in > Investor info
> Financials > Current Financial year 2016-17.OT<LTB"
CM<L.FTBGV&VGZG<LSJ[E7IEKLMG&FGZSH4
¹M SLGZELTB GPPKL
1. SLGZELDF - 1 J[LTYEIM&)LLPVL
2. SLGZELDF -2 JXBUIMBKQVL
3. SLGZELDF - 3 JXBUIJL;*SSLYRLL3FEFLLL3FEJ[E7IEKL
4. SLGZELDF - 4 LULTG<LFMLFL6J[E7IEKLYRLL3FEFLLL3FEJ[E7IEKL
5. SLGZELDF - 5 LULTG<LFFLVEOAG7ELTLETWÉIVJLT7;*L2LTGZLTHTSRJ[E7IEKLYRLL3FEFLLL3FE
J[E7IEKL
6. SLGZELDF - 6 LULTG<LFFLVEOAG7ELTLETGZ J[E7IEKLYRLL3FEFLLL3FEJ[E7IEKL
7. SLGZELDF - 7 J[GS)LXGSEKLFLVEOAG7ELTL
8. SLGZELDF - 8 7TG.BYDREFTBDLULKULTG<LF
9. SLGZELDF - 9 JGKQLZVYSULTG<LF
10. SLGZELDF - 10 D4BGEBYDREFTB$LUOKULTG<LF IRRBB
ELTDTMZIIIETWBSY;S-S&)L-J[E7IEKL
)LLKSIGKUP;D4BEETGOLLGVOT;LLVRMLKELTMFL*SPL;ETGZ DTMZIII J[2TFPE;ETWBSY;S-S&)LJ[E7IEKLD4BEEIPTDMLC;7JKDTMZ
IIIJ[2TFPE;ETWBSY;S-S&)LJ[E7IEKLFTBJ[OG;LSGELYLH4"GP-SAS$L4KTETGZ EAJLHFLKIPTDMLC;7:www.pnbindia.in> Investor
info > Financials > Current Financial year 2016-17. OT<LTB"
CM<L.FTBGV&VGZG<LSJ[E7IEKLMG&FGZSH4
¹M SLGZELTB GPPKL
YRLL3FE&FLLL3FEJ[E7IEKL
1. SLGZELDF - 1 J[LTYEIM&)LLPVL
2. SLGZELDF - 2 JXBUIJL;*SSL
3. SLGZELDF - 3 LULTG<LFMLFL6J[E7IEKL
4. SLGZELDF - 4 LULTG<LFFLVEOAG7ELTLETWÉLIVJLT7;J2LTGZLTHTSRJ[E7IEKL
5. SLGZELDF - 5 LULTG<LFEFEKVLFLVEOAG7ELTLHTSRJ[E7IEKL
6. SLGZELDF - 6 J[GS)LXGSEKL E-JLTUM_;FLVEOAG7ELTLETGZ J[E7IEKL
7. SLGZELDF - 7 7TG.BYDREFTBDLULKULTG<LF
8. SLGZELDF - 8 JGKQLZVYSULTG<LF
9. SLGZELDF - 9 D4BGEBYDREFTB$LUOKULTG<LF IRRBB
10. SLGZELDF - 10 J[GSJ\LELK¹TG.7ULTG<LFMTM&DG6S %MJLTUKETGZ MLFL6J[E7IEKL

11. SLGZELDF - 11 JXBUIEIMKBQVL
12. SLGZELDF - 12 JXBUIEIMKBQVLGFZLVM&D6ÉLIWJT\LLTB QKL
SLGZELDF - 12 JXBUIEIMKBQVLGFZLVM&D6ÉLIWJT\LLTB QKL
SLGZELDF - 12 DTMZIIIMLFL6J[E7IEKL74&JZT7ELNKL EL8ZFELTULT.EK

SLGZEL.I J2 )LLY!
)LLYULT)LIZLYXHLT
QKL
13. SLGZELDF - 13 GPGVLFEJXBUIGZ<LSLTBEIFR<GPLTLSLTB
14. SLGZELDF - 14 GPGVLFEJXBUIGZ<LSLTBEIJXL;LST PBGVD6ÉLV
15 SLGZELDF - 16 CG%P7IUD4BGEBYDREG-'LGSETGZ J[E7IEKL
16. SLGZELDF - 17 ELNBG7BY MT-7_MDVLFQZGVGÉLWVRJLS %-JLTUKEIMBG\L*SSRZVL
17. SLGZELDF - 18 QZGVGÉLWVRJLSMLFL6J[E7IEKL74&JZT7
18. QZGVGÉLEPKTUWVRJLS
110
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
PILLAR 3 DISCLOSURES UNDER BASEL II & BASEL III - 31.03.2017

Pillar 3 Disclosures under Basel II – 31.03.2017
Pillar 3 Disclosures under Basel II Framework for the Year ended March 31, 2017 as per guidelines of RBI have been disclosed
separately on Bank’s website under ”Pillar 3 Disclosures under Basel II Framework”. For details, please visit our website: www.
pnbindia.in > Investor info > Financials > Current Financial year 2016-17.
The section contains following disclosures:-
Sl. No. Tables Particulars

1. Table DF - 1 Scope of Application
2. Table DF - 2 Capital Structure
3. Table DF - 3 Capital Adequacy – Qualitative & Quantitative Disclosures
4. Table DF - 4 Credit Risk: General Disclosures – Qualitative & Quantitative Disclosure
5. Table DF - 5 Credit Risk: Disclosures for Portfolios Subject to the Standardized Approach – Qualitative &
Quantitative Disclosures
6. Table DF - 6 Credit Risk Mitigation: Disclosure for Standardised Approaches – Qualitative & Quantitative Disclosures
7. Table DF - 7 Securitisation: Standard Approach
8. Table DF - 8 Market Risk in Trading Book
9. Table DF - 9 Operational Risk
10. Table DF - 10 Interest Rate Risk in the Banking Book (IRRBB)
Pillar 3 Disclosures under Basel III – 31.03.2017
Pillar 3 Disclosures under Basel III Framework for the Year ended March 31, 2017 as per guidelines of RBI have been disclosed
separately on Bank’s website under ”Pillar 3 Disclosures under Basel III Framework”. For details, please visit our website: www.
pnbindia.in > Investor info > Financials > Current Financial year 2016-17.
The section contains following disclosures:-
Sl. No. Tables Particulars

Qualitative and Quantitative disclosures
1. Table DF - 1 Scope of Application
2. Table DF - 2 Capital Adequacy
3. Table DF - 3 Credit Risk: General Disclosures
4. Table DF - 4 Credit Risk: Disclosures for Portfolios Subject to the Standardized Approach
5. Table DF - 5 Credit Risk Mitigation: Disclosures for Standardized Approaches
6. Table DF - 6 Securitisation Exposures: Disclosure for Standardised Approach
7. Table DF - 7 Market Risk in Trading Book
8. Table DF - 8 Operational Risk
9. Table DF - 9 Interest Rate Risk in the Banking Book (IRRBB)
10. Table DF - 10 General Disclosure for Exposures Related to Counterparty Credit Risk
11. Table DF - 11 Composition of Capital
12. Table DF - 12 Composition of Capital – Reconciliation Requirements (Step 1)
Table DF - 12 Composition of Capital – Reconciliation Requirements (Step 2)
Table DF - 12 Extract of Basel III common disclosure template (with added column)
– Table DF 11 (Part I/Part II) which ever applicable (Step 3)
13. Table DF - 13 Main features of Regulatory Capital Instruments
14. Table DF - 14 Full Terms and Conditions of Regulatory Capital Instruments.
15 Table DF - 16 Equities – Disclosures for Banking Book Positions.
16. Table DF - 17 Summary comparison of accounting assets vs leverage ratio exposure measure 31.03.2017
17. Table DF - 18 Leverage ratio common disclosure template
18. Liquidity Coverage Ratio.
111
HQMJHQQLM
HQMJHQQLM
Financial
FinancialStatement
Statement
112
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
*LBUL$LV4LVZ$L4BE&LLQ;>EIG-'LG3LWVRMLK3LRZV*LL
PUNJAB NATIONAL BANK - BALANCE SHEET AS ON 31st MARCH, 2017
ÈLT/LT.GO¶LLY¶LLH4
(`000 omitted)
*LXUIWL4KOT¶L3LL B WVRMXQI ELT ELT
CAPITAL & LIABILITIES Schedule As on 31.03.17 As on 31.03.16
*LXUI 1 4255937 3927195

Capital
ÈLKG\L3LGVGÉLWL4KWGÉLLTL 2 414213881 379174196
Reserves & Surplus
U&LLKLGL¶LLB 3 6217040164 5530511281
Deposits
NÉLLK 4 407633354 597552434
Borrowings
W6¶LOT¶L3LL BWL4KÈLPÉLLV 5 160162148 162739448
Other Liabilities and Provisions
ULT.TOTAL 7203305484 6673904554
WLG-3L¶LL8
ASSETS
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTL 6 252099957 264790678
Cash & Balances with Reserve Bank of India
$L4BELTBET*LLMU&LLLTLWL4K&LL8Y3L'LLW:*LMXQVL*LKÈL*¶LÉLV 7 631216513 491440222
Balances with Banks & Money at call & short notice
GVPTL 8 1867254395 1578458925
Investments
WGY[&L 9 4194931496 4123258000
Advances
WQZWLG-3L¶LL8 10 62732484 52227288
Fixed Assets
W6¶LWLG-3L¶LL8 11 195070639 163729441
Other Assets
ULT.TOTAL 7203305484 6673904554
WLEG-&LEOT¶L3LL B 12 3328313334 3357959224

Contingent Liabilities
NYLHIG$LZ 257791254 232211889
Bills for Collection
È&LR<LZT<LLBEVVIG3L¶LLB 17
Significant Accounting Policies
ZT<LLG7**LGL¶LL 18
Notes on Accounts
MT3LEEIWVRMXGQ¶LLZT<LLTBELWG)L£WBYH4B"
The Schedules 1 to 18 form an integral part of the
Accounts.
7IET$LLZ&LRER6OV METU4V JIETLFL;

T K BALAMUKUNDAN S K JAIN P K SHARMA
NJ&LHLÈ$L6ÉLE NJ&LHLÈ$L6ÉLE &LHLÈ$L6ÉLE
DY. GENERAL MANAGER DY. GENERAL MANAGER GENERAL MANAGER
113
MBUIPLKL .L8KLF MMBYLJXKT ETPIKLD[ÄLUIKLP
SANJIV SHARAN DR. RAM S SANGAPURE K VEERA BRAHMAJI RAO
EL¶L;*LLZEGVOTLE EL¶L;*LLZEGVOTLE EL¶L;*LLZEGVOTLE
EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR
MRVIZFTHSL MRVIZFTHSL
SUNIL MEHTA SUNIL MEHTA
ÈDBGVOTLE PBFR<EL;JLZEWGELKI WÉ\L
MANAGING DIRECTOR & C.E.O. CHAIRMAN
WGVZERFLKvLQI .L8KGD VGF+L FHTLDLDXYR*SL

ANIL KUMAR KHACHI Dr. RABI N. MISHRA MAHESH BABOO GUPTA
GVOTLE GVOTLE GVOTLE
DIRECTOR DIRECTOR DIRECTOR
HIFIKQBOLVI MRÉLIKVLK
HIROO MIRCHANDANI SUDHIR NAYAR
GVOTLE GVOTLE
DIRECTOR DIRECTOR
C;PVGSG'LELTHFLKIGKJLT7;ETWVRMLK
As per our Report of even date
EAST/LUT. B.OLTLI ²3LTWLKOTPT6ÇER&LLK B. MLTGM 7_M ²STHTFMBOIJ B.E&JVI
For Chhajed & Doshi For R Devendra Kumar & Associates For Hem Sandeep & Co.
MVOIZT<LLELK *L2WLK V.$:¶LX MVOIZT<LLELK *L2WLK V.$:¶LX MVOIZT<LLELK J2WLK V V
Chartered Accountants - FRN 101794W Chartered Accountants - FRN 114207W Chartered Accountants - FRN 009907N
MROTLJRVHLVI
VIKUYLTZLM
FVILYR*SL
ML·LTOLK ML·LTOLK ML·LTOLK

(Sudesh Punhani) (Neeraj Golas) (Manish Gupta)
MO-¶LMB MO-¶LMB MO-¶LMB
M No. 017222 M No. 074392 M No. 092257
²3LTMXKI B.E&JVI ²3LT MJI FUI B.E&JVI

For Suri & Co. For SPMG & Co.
MVOIZT<LLELK *L2WLK V M MVOIZT<LLELK *L2WLK VMI
Chartered Accountants - FRN 004283S Chartered Accountants - FRN 509249C
WLKFHTL
MSILQ6OK
MLTOLK MLTOLK
(R. Mahesh) (Satish Chander)
Partner Partner
MO-¶LMB MO-¶LMB
M No.024775 M No.087562
GOVLBE!!
Date : 16/05/2017
-'LLVVC;GO:ZI
Place : New Delhi
114
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELZL)LPHLGVZT<LL
PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE YEAR ENDED
31st MARCH, 2017
(`000 omitted)

WVRMXQI ELTM&LL*3LPL; ELTM&LL*3LPL;
Schedule Year Ended Year Ended
31.03.17 31.03.16
I. WL¶L
INCOME
WU3L$¶LLU 13 472759924 474243499
Interest earned
W6¶LWL¶L 14 89513723 60000517
Other Income
ULT. 562273647 534244016

TOTAL
II. 0¶L¶L
EXPENDITURE
<LQ;GE¶LLY¶LL$¶LLU 15 322828208 321125720
Interest expended
*LGKQLZV0¶L¶L 16 93793837 99724543
Operating expenses
ÈLPÉLLVWL4KWLEG-&LE<LQ; 132403584 153137713
Provisions and Contingencies
ULT. 549025629 573987976

TOTAL
III. ZL)L
PROFIT
WPGÉLETGZ LRZL)L HLGV
13248018 -39743960
Net Profit/(Loss) for the year
ULT.ZL)LPHLGV<LL3LT&LTBLTL 0 0
Add: Balance in Profit & Loss A/c
GPGV¶LLTUVETGZ N*LZ$ÉLZL)L 13248018 -39743960
Profit Available for Appropriation
IV. GPGV¶LLTUV
APPROPRIATIONS
GV&VGZG<L3LELTWB3LKL
Transfer to :
MLBGPGÉLEÈLKG\L3LGVGÉL¶LL8 3312004 0
Statutory Reserves
*LXUIÈLKG\L3LGVGÉL¶LL8 5137039 1117341
Capital Reserves
KLU-P PBW6¶LÈLKG\L3LGVGÉL¶LL8 2098975 -40803267
Revenue & Other Reserves
È-3LLGP3LZL)LLBL 0 0
Proposed Dividend
WB3LGK&LZL)LLBL 0 0
Interim Dividend
PL;ETGZ È-3LLGP3LZL)LLBL*LKEK 0 0
Tax on Dividend proposed for the year 2015-16
ÈLPÉLLVMTZL)LLBL*LKEKETGZ WB3LGK3LLTL 0 -58034
Balance Transferred from provision for Tax on Dividend
WL¶LEKWGÉLGV¶L&LETWVRMLKGPLTLÈLKG\L3LGVGÉL 2700000 0
Special reserve as per Income Tax Act
GVPTLÈLKG\L3L 0 0
Investment Reserve
ZL)LPHLGV<LL3LT&LTBLTL 0 0
Balance in Profit & Loss Account
ULT. 13248018 -39743960
TOTAL
115
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELZL)LPHLGVZT<LL
PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE YEAR ENDED
31st MARCH, 2017
(`000 omitted)

WVRMXQI ELTM&LL*3LPL; ELTM&LL*3LPL;
Schedule Year Ended Year Ended
31.03.17 31.03.16
ÈG3LLT¶LKWU;V*L¶LLTB&LTB &LXZ!3LVR²3L
6.45 -20.82
Earning per Share (`) (Basic/Diluted)
(Nominal Value ` 2 per share)
È&LR<LZT<LLBEVVIG3L¶LL 17
Significant Accounting Policies
<LL3LLTBMTMB$LBGÉL3LG7**LGL¶LL 18
Notes on Accounts


GVOTLE GVOTLE
DIRECTOR DIRECTOR
116
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MROTLJRVHLVI
VIKUYLTZLM
FVILYR*SL

M No. 017222 M No. 074392 M No. 092257

WLKFHTL
MSILQ6OK
MLTOLK MLTOLK
Partner Partner
MO-¶LMB MO-¶LMB
M No.024775 M No.087562
GOVLBE!!
Date : 16/05/2017
-'LLVVC;GO:ZI
Place : New Delhi
117
WVRMXQI*LXUI
SCHEDULE 1 - CAPITAL
ÈLT/LT.GO¶LLY¶LLH4/ `000 omitted)
ELT ELT
As on 31.03.17 As on 31.03.16
ÈLGÉL²3L*LXUI
Authorised
È3¶LTE`/-ET>>>>CG%P7ILT¶LK 30000000 30000000
15,00,00,00,000 Equity Shares of ` 2 each
ULKI3L'LLWG)LOºL
Issued & Subscribed
È3¶LTE`!ET>>>>CG%P7ILT¶LK G*L/ZTPL;È3¶LTE`!ET>>>> 4255937 3927195
CG%P7ILT¶LK
212,79,68,258 (Previous year 196,35,97,490) Equity Shares of `2 each

ÈOºL
Paid Up
>>> GJ/ZTPL;È3TE!ET>>>CG%P7ILTK
CVFTB! 4255937 3927195
ÈGSCG%P7ILTKETETBÇIMKELK^LKLLGKS>>>>CG%P7ILTKLLGFZH4B
212,79,68,258 (Previous year 196,35,97,490) Equity Shares of `2 each (includes

equity shares of 1,38,34,59,223 `2 each held by Central Government )
ULT. 4255937 3927195
TOTAL
WVRMXQIÈLKG\L3LGVGÉL¶LLWL4KWGÉLLTL
SCHEDULE 2 - RESERVES & SURPLUS
ELT ELT
As on 31.03.17 As on 31.03.16
I. MLBGPGEÈLKG\LSGVGL
Statutory Reserves
ÈLKG&)LELTL 96670507 96670507
Opening Balance
PL;ETOL4KLVPAG 3312005 0
Addition during the year
99982512 96670507
II. JXBUIYSÈLKG\LSGVGL
Capital Reserves
E
*LRV&LX;:¶LVÈLKG\L3LGVGÉL¶LL
a) Revaluation Reserve
ÈLKG&)LELTL 28447781 13875501
Opening Balance
PL;ETOL4KLVPAG 9642471 14778569
PL;ETOL4KLVE7L43LI 584941 206289
Deduction during the year
MB*LGºLET*LRV&LX;:¶LV)LLY*LK&LX:¶LÀLMETELKL
(being depreciation on revalued portion of property)

W6¶LÈLKG\L3LGVGÉL¶LLTB&LTBWB3LGK3L 0 0
Transfer to Other Reserves
37505311 28447781
<L
W6¶L
b) Others
ÈLKG&)LELTL 13386581 12269241
Opening Balance
18523619 13386581
118
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.17 As on 31.03.16
III. LT¶LKÈIG&L¶L&L
Share Premium
ÈLKG&)LELTL 87129172 70027254
Opening Balance
PL;ETOL4KLVPAG 20791259 17101918
107920431 87129172
IV. KLU-P3L'LLW6¶LÈLKG\L3LGVGÉL¶LLB
Revenue and other Reserves
E
GVPTLÈLKG\L3LGVGÉL
a) Investment Reserve
ÈLKG&)LELTL 3705193 3705193
Opening Balance
ULT.TZL)LPHLGVGPGV¶LLTUV<LL3LTMTWB3LGK3L 0 0
Add :Transfer from P&L Appropriation A/c
L7L BZL)LPHLGVGPGV¶LLTUV<LL3LTELTWB3LGK3L 0 0
Less: Transfer to P&L Appropriation A/c
3705193 3705193
<L
GPGV&L¶L L7$LÈLKG\L3LGVGÉL
b) Exchange Fluctuation Reserve
ÈLKG&)LELTL 642113 542271
Opening Balance
ULT.TBPL;ETOL4KLVPAG 279478 99842
Add :Addition during the year
L7L BPL;ETOL4KLVE7L43LI LR
0 0
Less: Deduction during the year (Net)
921591 642113
Y
WL¶LEKWGÉLGV¶L&LEIÉLLKL
viii
ETW63LY;3LGPLTLÈLKG\L3L
GVGÉL
c) Special Reserve under Sec.36(1) (viii) of Income Tax Act, 1961
ÈLKG&)LELTL 11936600 11936600
Opening Balance
W6¶LÈLKG\L3LGVGÉL¶LLTBMTWB3LGK3L 0 0
Transferred from Other Reserves
L) W6¶LÈLKG\L3LGVGÉL 14636600 11936600
d) Other Reserve
ÈLKG&)LELTL 137256249 178059523
Opening Balance
L7L BPL;ETOL4KLVWLHKL 8336600 40803267
Less: Withdrawal during the year
ULT.TB*LRV&LX;:¶LVÈLKG\L3LGVGÉL¶LLTBMTWB3LGK3L 0 0
Add: Transfer from Revaluation Reserves
L7L BGV<LL3LLTBETGZ )LRY3LLV 0 7
Less: Payment for blocked accounts
131018624 137256249
V. ZL)LHLGV<LL3LT&LTBLTL 0 0
I,II,III,IV,VELULT./Total of I, II, III, IV,V 414213881 379174196
119
WVRMXQIU&LLKLGL¶LL
SCHEDULE 3 - DEPOSITS
ELT ELT
As on 31.03.17 As on 31.03.16
I. &LLYU&LLKLGL¶LL
Demand Deposits
(i) $L4BELTBMT 17349781 36366491
(i) From Banks
(ii) W6¶LMT 441183294 325203374
(ii) From Others
458533075 361569865
II. $LQ3L$L4BEU&LLKLGL¶LL 2141625493 1694263513

Savings Bank Deposits
III. &LI¶LLOIU&LLKLGL¶LL
Term Deposits
W (i) $L4BELTBMT 643551247 651814837
A. (i) From Banks
(ii) W6¶LMT 2973330349 2822863066
(ii) From Others
3616881596 3474677903
I , IIPIII ELULT./Total I, II & III 6217040164 5530511281
B. WL (i))LLK3L&LTBG-'L3LLL<LLWLTBEIU&LLKLGL¶LLB 5655727079 4938546917

B. (i) Deposits of branches in India
(ii) )LLK3LMT$LLHKG-'L3LLL<LLWLTBEIU&LLKLGL¶LL 561313085 591964364
(ii) Deposits of branches outside India
WLi Pii ELULT./TOTAL B (i) & (ii) 6217040164 5530511281
WVRMXQINLK
SCHEDULE 4 - BORROWINGS
ELT ELT
As on 31.03.17 As on 31.03.16
I. )LLK3L&LTBNÉLLK
Borrowings in India
(i) (i))LLK3LI¶LGKUP;$L4BEMT 0 161750000
(i) Reserve Bank of India
(ii) (ii) W6¶L$L4BELTBMT 3849185 24327138
(ii) Other Banks
(iii) (iii)W6¶LMB-'LLWLTBWL4K UTBGM¶LLTBMT 17539645 54284880
(iii) Other Institutions and Agencies
(iv) (iv)WÈG3L)LX3LÈG3LOT¶L$LL.
(iv) Unsecured Redeemable Bonds
a) E 7I¶LKI$LL. $LTG&L¶LLOILGZ<L3LTB
57705000 35205000
a) Tier-I Bonds (Perpetual Debt Instruments)
b) <L W*LK7I¶LKII$LL. 61100000 66100000
b) Upper Tier-II Bonds
c) Y 7I¶LKII *LXUIETGZ YL4LL 50000000 64998000
c) Subordinate debts for Tier II Capital
d) L OI LL;PGC6J[2L-7%QKDL8. 28000000 196805000 28000000 194303000
d) Long term infrastructure bonds
II. )LLK3LMT$LLHKNÉLLK 189439524 162887416
Borrowings outside India
I>IIELULT./Total of I, II 407633354 597552434
N*L¶LR;%SI PBII&LTBLLG&LZÈG3L)LX3LNÉLLK
0 178915913
Secured Borrowings included in I & II above
120
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WVRMXQIW6¶LOT¶L3LL BWL4KÈLPÉLLV
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
ELT ELT
As on 31.03.17 As on 31.03.16
I. OT¶LG$LZ 25540463 24257226
Bills Payable
II. WB3LEL¶LL;Z¶LM&LL¶LLTUV LR
27863 79613
Inter-Office adjustments(net)
III. N*LGQ3L$¶LLU 12292060 16072257
Interest accrued
IV. -'LGY3LEKOT¶L3LL LR
0 0
Deferred Tax Liability (Net)
V. W6¶L ÈLPÉLLVLTBMGH3L
122301762 122330352
Others (including Provisions)
I>II>III>IV>VELULT./Total of I, II, III, IV, V 160162148 162739448
WVRMXQIVEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
ELT ELT
As on 31.03.17 As on 31.03.16
I. HL'L&LTBVEOI GPOTLI&LRÇLEKTBMIVLT7LTBMGH3L
20984803 22238461
Cash in hand (including foreign currency
notes)
II. )LLK3LI¶LGKuLP;$L4BEET*LLMLTL
Balance with Reserve Bank of India
QLZX<LL3LT&LTB 231115154 242552217
In Current Account
W6¶L<LL3LLTB&LTB 0 0
In other Account
I, IIELULT./Total of I, II 252099957 264790678
WVRMXQI$L4BELTBET*LLMLTL3L'LL&LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV
SCHEDULE 7- BALANCES WITH BANKS & MONEY AT CALL & SHORT NOTICE
ELT ELT
As on 31.03.17 As on 31.03.16
I. )LLK3L&LTB
In India
(i) $L4BELTBET*LLMLTL
(i) Balances with Banks
E
QLZX<LL3LLTB&LTB 6499917 22938001
a) In Current Accounts
<L
W6¶LU&LL<LL3LLTB&LTB 97120140 82369390
b) In Other Deposit Accounts
103620057 105307391
(ii)&LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV
(ii) Money at Call and Short Notice
E
$L4BELTBET*LLM 0 0
a) with Banks
<L
W6¶LMB-'LLWLTBET*LLM 220000000 220000000 20000000 20000000
b) with Other Institutions
ULT. 323620057 125307391
TOTAL
121
ELT ELT
As on 31.03.17 As on 31.03.16
II. )LLK3LMT$LLHK
Outside India
(i) $L4BELTBET*LLMLTL
(i) Balances with Banks
E
QLZX<LL3LLTB&LTB 11955070 8569635
a) In Current Accounts
<L
W6¶LU&LL<LL3LLTB&LTB 295641386 352873196
b) In Other Deposit Accounts
(ii) &LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV 0 4690000
(ii) Money at Call & Short Notice
ULT. 307596456 366132831
TOTAL
IWL4KIIELM&LY[ULT./GRAND TOTAL of I, II 631216513 491440222
WVRMXQIGVPTL
SCHEDULE 8 - INVESTMENTS
ELT ELT
As on 31.03.17 As on 31.03.16
I. )LLK3L&LTBGVPTLMEZ 1825913632 1535050431
Investments in India : Gross
L7L B&LX:¶LÀLMETGZ ÈLPÉLLV 14126142 9606405
Less: Provision for Depreciation
)LLK3L&LTBLRGVPTL 1811787490 1525444026
Net Investment in India
(i) MKELKIÈG3L)LXG3L¶LLB 1461827636 1249505557
(i) Government Securities
(ii) W6¶LWVR&LLTGO3LÈG3L)LXG3L¶LLB 1883020 1883020
(ii) Other Approved Securities
(iii) LT¶LK 53578677 45333251
(iii) Shares
(iv) G.DTBQKWL4K$LL. 247195844 188658858
(iv) Debentures and Bonds
(v) WVRLBGY¶LLWL4K!W'LPLMB¶LR%SN]&L ÈL¶LLTGU3LMB-'LLWLTBMGH3L
7532699 7532699
(v) Subsidiaries and/or joint ventures (including sponsored institutions)
(vi) W6¶L 39769614 32530641
(vi) Others
GPG)L£&¶LXQRWZ¾2B.LTBPPLGLG5¶LE*LLLTBWLGO&LTB
Various Mutual Funds & Commercial Papers etc.

IELULT./TOTAL of I 1811787490 1525444026
II. )LLK3LMT$LLHKGVPTLMEZ 55466905 53014899
Investments Outside India : Gross
L7L B&LX:¶LÀLMETGZ ÈLPÉLLV 0 0
Less: Provision for depreciation
)LLK3LMT$LLHKLRGVPTL 55466905 53014899
Net Investments outside India
(i) -'LLVI¶LÈLGÉLEKLLTBMGH3LMKELKIÈG3L)LXG3L¶LL 14973914 15454761
(i) Govt. securities including local authorities
(ii) GPOTLG-'L3LWVRLBGY¶LLWL4K!W'LPLMB¶LR%SN]&L 15516110 15516110
(ii) Subsidiary and / or Joint ventures abroad
(iii) W6¶L 24976881 22044028
(iii) Others
IIELULT./TOTAL of II 55466905 53014899
I>II ELM&LY[ULT./GRAND TOTAL of I, II 1867254395 1578458925
122
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WVRMXQIWGY[&L
SCHEDULE 9 - ADVANCES
ELT ELT
As on 31.03.17 As on 31.03.16
W (i) <LKIOTWL4K)LRVL¶LTY¶LTG$LZ 295556725 300905923
A (i) Bills purchased and discounted
(ii) VEONÉLLK>WLTPK.L¾7WL4K&LLY*LKOT¶LL 2493598870 2338102826
(ii) Cash Credits, Overdrafts & Loans
repayable on demand
(iii) &LI¶LLOIL 1405775901 1484249251
(iii) Term Loans
ULT. 4194931496 4123258000
Total
WL (i) &LX3L;WLG-3L¶LLTB^LKLÈG3L)LX3L CM&LTB$LHILLTB*LKGO Y¶LTWGY[&LLLG&LZH4B
3607407220 3731505914
B (i) Secured by tangible assets (Includes advances against Book Debts)
(ii) $L4BE!MKELKEIYLBKG7¶LLTB^LKLMBKG\L3L 108915173 101007144
(ii) Covered by Bank/Government
guarantees
(iii) WÈG3L)LX3L 478609103 290744942
(iii) Unsecured
ULT. 4194931496 4123258000
Total
C(I) )LLK3L&LTBWGY[&L
C (I) Advances in India
(i) ÈL'LG&LE3LL\LTL 1331280529 1393954904
(i) Priority Sector
(ii) MLP;UGVE\LTL 199391059 189099143
(ii) Public Sector
(iii) $L4BE 16965 3138
(iii) Banks
(iv) W6¶L 2164233273 2010939517
(iv) Others
ULT. 3694921826 3593996702
Total
C(II) )LLK3LMT$LLHKWGY[&L
C (II) Advances outside India
(i) (i) $L4BELTBMTÈL*¶L 281380953 321113463
(i) Due from Banks
(ii) (ii) W6¶LMTÈL*¶L
(ii) Due from Others
(a) E
<LKIOTWL4K)LRVL¶LTY¶LTG$LZ 5319639 5310147
(a) Bills Purchased & Discounted
(b) <L
ML&LXGHEL 24266223 10107862
(b) Syndicated Loan
(c) Y
W6¶L 189042855 192729826
(c) Others
ULT. 500009670 529261298
Total
M&LY[ULT. " PB""ELULT.
4194931496 4123258000
GRAND TOTAL ( Total of I & II )
123
WVRMXQIWQZWLG-3L¶LL
SCHEDULE 10 - FIXED ASSETS
ELT ELT
As on 31.03.17 As on 31.03.16
W &LX3L;WLG-3L¶LL
A TANGIBLE ASSETS
I. JGKMK
Premises
G*L/ZTPL;EI&LLQ;EIZLY3L!&LX:¶LLBEV*LK 45097669 28620221
At cost / valuation as on 31st March of the preceding year
WPGÉLETOL4KLVPAG 1216189 1698879
Addition during the period
ULT.TPL;ETOL4KLVJRVFX;:LBEV 9642471 14778569
Add: Revaluation during the year
55956329 45097669
WPGETOL4KLVMFLLTUV 563526 0
Adjustment During the Period
55392803 45097669
W$L3LE&LX:¶LÀLM 5071965 4371867
Depreciation to date
*LRV&LX;:¶LVKLGL*LK&LX:¶LÀLMMGH3L
50320838 40725802
(Including on revalued amount )
II. W6¶LWQZWLG-3L¶LL ¾2VI;QKWL4KG¾2%-QKMGH3L
Other Fixed Assets (Including Furniture & Fixtures)

G*L/ZTPL;EI&LLQ;EIZLY3L*LK 36915068 34903685
At cost as on 31st March of the preceding year
41940573 39717809
PL;ETOL4KLVE7L43LI 1117657 2802740
40822916 36915069
W$L3LE&LX:¶LÀLM 29138093 26352729
Depreciation to date
11684823 10562340
III *L7_7TPLZIWLG-3L¶LL
Leased Assets
252386 252386
PL;ETOL4KLVPAG!M&LL¶LLTUV 0 0
Addition/adjustment during the year
252386 252386
W$L3LE*LGKLLTÉLV!*L7_7TELM&LL¶LLTUV 252386 252386
Amortisation / lease adjustment to date
0 0
I,II,IIIELULT. /Total of I, II, III 62005661 51288142
WL W&LX3L;WLG-3L¶LL
B INTANGIBLE ASSETS
E&*¶LX7KML8¾7PT¶LK
Computer Software
WPGÉLETOL4KLVPAG 142959 410971
Addition during the period
3806408 3663864
124
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.17 As on 31.03.16
WPGÉLETOL4KLVE7L43LI 0 415
Deduction during the period
3806408 3663449
W$L3LE*LGKLLTGÉL3L 3079585 2724303
Amortised to date
ULT. 726823 939146
Total
M&LY[ULT. WWL
/GRAND TOTAL (A+B) 62732484 52227288
WVRMXQIW6¶LWLG-3L¶LL
SCHEDULE 11 - OTHER ASSETS
ELT ELT
As on 31.03.17 As on 31.03.16
I. N*LGQ3L$¶LLU 44662889 45989390

Interest accrued
II. GO¶LLY¶LLWGY[&LEK!°LT3L*LKEL7LY¶LLEK 7539712 15362610
Tax paid in advance / tax deducted at source
III. ZT<LVML&LY[IWL4K-7L&*L 99365 93337
Stationery and stamps
IV. OLPLTBETGV*L7LV&LTBÈL*3LY4K$L4BEYWLG-3L¶LLB 1120259 277626
Non-banking assets acquired in satisfaction of claims
V. WL-'LGY3LEKWLG-3L¶LL LR
61010344 46174739
Deferred tax asset (net)
VI. W6¶L 80638070 55831739
Others
I,II,III,IV,V ,VIELULT. 195070639 163729441
Total of I, II, III, IV, V, VI
WVRMXQIWLEG-&LEOT¶L3LL B
SCHEDULE 12 - CONTINGENT LIABILITIES
ELT ELT
As on 31.03.17 As on 31.03.16
I (i) (i) $L4BELTBETGP TMTOLPTGU6HTBLET*L&LTBVHIB&LLVLY¶LLH4 2406801 2310441
(i) Claims against the Bank not acknowledged as debts
(ii) (ii) W*LIZLTB>MBO)LLTWLGOETWÉLIVGPPLGO3LWL¶LEKP$¶LLUEK&LLYTB 0 11557896
(ii) Disputed income tax and interest tax demands under appeals,
references etc.
II. WLBGLE*LMTWOLGE¶LTY¶LTGVPTLLTBETGZ OT¶L3LL B 115 115
Liability for partly paid investments
III. $LEL¶LLPL¶LOLGPGV&L¶LMBGPOLWLTBETELKLOT¶L3LL B 2494863829 2556585121
Liability on account of outstanding forward exchange contracts
IV. Y[LHELTBEIWLTKMTOIY¶LIYLKBG7¶LL
Guarantees given on behalf of constituents:
E
)LLK3L&LTB 381888703 324802331
(a) In India
<L
)LLK3LMT$LLHK 139205925 136191530
(b) Outside India
V. -PI²G3L¶LLB>*LAsLBEVWL4KW6¶LOLG¶L3P 296648106 319518652
Acceptances, endorsements and other obligations
VI. W6¶L&LOTBGUVETGZ $L4BEWLEG-&LE*LMTGuL&&LTOLKH4 13299855 6993138
Other items for which the Bank is contingently liable
I,II,III,IV,V,VI ELULT. 3328313334 3357959224
Total of I, II, III, IV, V, VI
125
WVRMXQIWU3L$¶LLU
SCHEDULE 13 - INTEREST EARNED
ELT ELT
As on 31.03.17 As on 31.03.16
I. WGY[&LLTB!G$LZLTB*LK$¶LLU!$L7_7L 329588223 344455374
Interest/discount on advances/bills
II. GVPTLLTBMTWL¶L 125771706 120336525
Income on Investments
III. )LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTLWL4KW6¶L 13542009 7305026
WB3L$L4BEGVGÉL¶LLTB*LK$¶LLU
Interest on balances with Reserve Bank of India and other Inter-Bank funds
IV. W6¶L 3857986 2146574
Others
I,II,III,IVELULT./Total of I, II, III, IV 472759924 474243499
WVRMXQIW6¶LWL¶L
SCHEDULE 14 - OTHER INCOME
ELT ELT
As on 31.03.17 As on 31.03.16
I. E&LILV>GPGV&L¶LWL4KOZLZI 32278581 27873534
Commission, Exchange and Brokerage
II. GVPTLLTBEIG$L¹IMTZL)L 28506091 12137777
Profit on sale of Investments
L7L BGVPTLLTBEIG$L¹IMTHLGV 1962860 2144962
Less: Loss on sale of Investments
26543231 9992815
III. GVPTLLTBET*LRV&LX;:¶LVMTZL)L 0 0
Profit on revaluation of Investments
L7L BGVPTLLTBET*LRV&LX;:¶LV!*LGKLLTÉLVMTHLGV 0 0
Less: Loss on revaluation of Investments/ Amortisation
0 0
IV. )LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTZL)L 55086 31507
Profit on sale of land, buildings and other assets
L7L B)LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTHLGV 1328 6502
Less: Loss on sale of land, buildings and other assets
53758 25005
V GPOTLI&LRÇLGPGV&L¶LZTVOTVMTZL)L 14646947 15195893
Profit on exchange transactions
L7L BGPOTLI&LRÇLGPGV&L¶LZTVOTVMTHLGV 8818828 10926983
Less: Loss on exchange transactions
5828119 4268910
VI. )LLK3L&LTB3L'LLGPOTL&LTBWVRLBGY¶LLTB!E&*LGV¶LLTBWL4K!W'LPLMB¶LR%SN]&LLTBMTZL)LLBLET 958509 1159689
*L&LTBWU3LWL¶L
Income earned by way of dividends etc.from subsidiaries / companies and /
or joint ventures in India & abroad.
VII. GPGPÉLWL¶L 23851525 16680564
Miscellaneous Income
I, II, III, IV, V , VI, 3L'LLVII ELULT./Total of I, II, III, IV, V, VI & VII 89513723 60000517
126
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WVRMXQI<LQ;GE¶LLY¶LL$¶LLU
SCHEDULE 15 - INTEREST EXPENDED
ELT ELT
As on 31.03.17 As on 31.03.16
I. U&LLKLGL¶LLTB*LK$¶LLU 299336656 298025714
Interest on Deposits
II. )LLK3LI¶LGKuLP;$L4BEET!WB3L$L4BENÉLLKLTB*LK$¶LLU 2415350 2502097
Interest on Reserve Bank of India/inter-bank borrowings
III. W6¶L 21076202 20597909
Others
I, II, III ELULT./Total of I, II, III 322828208 321125720
WVRMXQI*LGKQLZV0¶L¶L
SCHEDULE 16 - OPERATING EXPENSES
ELT ELT
As on 31.03.17 As on 31.03.16
I. E&L;QLGK¶LLTBELT)LRY3LLVWL4KNVETGZ ÈLPÉLLV 54207188 64259453
Payments to and Provisions for employees
II. GEKL¶LL>EKWL4KG$LUZI 6922235 6258066
Rent, Taxes and Lighting
III. &LRÇL PBZT<LVML&LY[I 958918 845261
Printing and Stationery
IV. GP,L*LVWL4KÈQLK 553613 548490
Advertisement and Publicity
V. $L4BEEIMB*LGºL*LK&LX:¶LÀLM!*LGKLLTÉLV 4835308 4163580
Depreciation/Amortisation on Bank's property
L7L B*LRV&LX;:¶LVÈLKG\L3LGVGÉLMTM&LL¶LLTGU3L 584941 206289
Less: Adjusted with Revaluation Reserve
4250367 3957291
VI. GVOTLELTBEIJ2IM>)LºLTWL4K<LQ; 14633 14170
Directors' fees, allowances and expenses
VII. ZT<LL*LKI\LELTBEIJ2IMWL4K<LQ; 673015 688166
Auditors' fees and expenses
VIII. GPGÉLÈ)LLK 643284 612675
Law Charges
IX. .LE>3LLK>7TZIJ2LTVWLGO 1754023 1426920
Postage, Telegrams, Telephones, etc.
X. &LK&&L3LWL4KK<LK<LLP 2340978 2189965
Repairs and Maintenance
XI. $LI&LL 5685672 5138774
Insurance
XII. W6¶L0¶L¶L 15789911 13785312
Other expenditure
IMTXIIELULT./Total of I to XII 93793837 99724543
127
JBULDV4LVZD4BE PUNJAB NATIONAL BANK
WVRMXQI EZ
SCHEDULE 17 (SOLO) – 31.03.2017
ZTvLGPGÉLM&D6ÉLIÈFRvVIGSLB SIGNIFICANT ACCOUNTING POLICIES
ZTvTS4LKEKVTELWLÉLLK 1. BASIS OF PREPARATION:
GPºLIGPPKLJLJK&JKLYSZLYSETWLÉLLKJKS4LKGETYTH4B The financial statements have been prepared on

historical cost basis and conform, in all material aspects,
S'LLMF-SFH3PJXL;OAG7LTBMT)LLKSFTBMLFL6S-PI²SZTvLBEV to Generally Accepted Accounting Principles (GAAP) in
GML6SLTB UI JI
ETWVRJH4B>GUVFTBZLYXMLBGPGÉLEÈLPÉLLVLTB India unless otherwise stated encompassing applicable
FTBUDSEW6'LLNG:ZGvSVGELUL >)LLKSIGKUP;D4BE^LKL statutory provisions, regulatory norms prescribed by
Reserve Bank of India (RBI), circulars and guidelines
GVÉLL;GKSGPGVLFEFLVO.MFMFJK)LLKSIGKUP;D4BE^LKL
issued by the Reserve Bank of India (‘RBI’) from
ULKIJGKJLLTB PGOLLGVO;TLLTB>D4BEELKIGPGVFWGÉLGVF> time to time, Banking Regulation Act 1949, Accounting
)LLKSIMVOIZTvLELKMB-'LLV^LKLULKIZTvLBEVFLVO.S'LL Standards (AS) and pronouncements issued by The
,LJVP)LLKSFTBD4BGEBYN]LTYFTBFL4UXOLÈ'LL B)LILLGFZH4B" Institute of Chartered Accountants of India (ICAI) and
prevailing practices in Banking industry in India.
GPOTLIELL;ZLTBETMBDBÉLFTB>GPOTLIELL;ZLTBMTMBDBGÉLSMLBGPGÉLE In respect of foreign offices, statutory provisions and
ÈLPÉLLVLTB WL4K FL4UXOL GMLBSLTB 'LL GPGVGO;7 ELT /LT.EK> EI practices prevailing in respective foreign countries are
WVRJLZVLEIULSIH4" complied with except as specified elsewhere.
GPºLIGPPKGLLTB ELT UDSEW6'LLNG:ZGvSVGELULT> The financial statements have been prepared on going
concern basis with accrual concept and in accordance
GVGFSZTvLVIGSLTB WL4KÈ'LLWLTB EIWVRJLZVLET ML'LFL4UXOL with the accounting policies and practices consistently
GPELMFLVNJLU;VWPÉLLKLLETWLÉLLKJKGZLYLH4" followed unless otherwise stated
WVRFLVLTBELÈLTY 2. Use of Estimates
GPºLI GPPKGLLTB ELT S4LK EKVT ET GZ ÈD6ÉLV ELT GKJLTG7;BY The preparation of financial statements requires the
management to make estimates and assumptions
WPGÉLET GZ WLG-SLTB POTSLWLTB WLEG-FEOTSLWLTB MGHS
considered in the reported amounts of assets and
NMG-'LGSEIGPºLIGPPKGLLTBFTBMXGQSKLGLLTBS'LLMXGQSWL liabilities (including contingent liabilities) as on date of
P 0 EI KLGLLTB FTB WVRFLVLTB WL4K FL6SLWLTB JK GPQLK EKVL the financial statements and the reported income and
WJTG\LSH4"ÈD6ÉLVELFLVVLH4 GEGPºLIGPPKGLLTB ELT S4LK expenses for the reporting period. Management believes
that the estimates used in the preparation of the financial
EKVTFTBÈRºL2WVRFLVGPPTEJXL;WL4KWL4GQ3JXL;H4" statements are prudent and reasonable.
)LLPIJGKLLFCVWVRFLVLTBMTG)L6VHLTMESTH4B" Future results could differ from these estimates.
VRFLVLTBWL4KPL-SGPEJGKLLFLTBETDIQWBSKELTNMWPGÉLET
W Difference between the actual results and estimates
JGKLLFLTBFTBGOvLL!ELL;G6PSGELULSLH4" is recognized in the period in which the results are
known / materialized.
VRFLGVSZTvLBEVFTB ELTC; MBMLÉLVUDSEW6'LLNG:ZGvS
W Any revision to the accounting estimates is recognised
VHIB GELUL >PS;FLVP)LLPIWPGÉLLTB ET È3LGLSÈ)LLPLTB FTB prospectively in the current and future periods unless
OAG7YLTQKHLTSTH4B" otherwise stated.
KLU-PFL6SL 3. REVENUE RECOGNITION
W
L!0 J4KLFTBMBOG)L;SFOLTBMTG)L6V
ELTMLFL6SNJQ 3.1 Income & expenditure (other than items referred to in
paragraph 3.5) are generally accounted for on accrual
WLÉLLKJKZTvLBGESGELULSLH4" basis.
W
GY[FLTB ELT GFZLEK Y4K WVU;E WLG-SLTB VJI
> WL WL4K
3.2 Income from Non- Performing Assets (NPAs),
GVPTLULTPMXZIMTÈL*SGE ULSTHLTB>)LLKSIGKUP;D4BE!GPOTLI comprising of advances, and investments, is
ELL;ZLTB ET FLFZT FTB MBDBGÉLSOTLLTB ET GPGVFELT GUMT CMET recognised upon realisation, as per the prudential
JQLSMFTGESJMTGPGVLFEÈLGÉLELKIMBOG)L;SGELUL YL
norms prescribed by the RBI/ respective country
^LKLGVÉLL;GKSGPPTEJXL;FLVOB.LTBETWVRMLKH4" regulators in the case of foreign offices (hereafter
collectively referred to as Regulatory Authorities).
W
VU;E WGY[F vLSLTB EI PMXGZL8B PMXZI ELK;PLC; ET FLT.!
3.3 Recoveries in NPA accounts (irrespective of the mode /
G-'LGS!-7TUEIJKPLHGET DY4K
GVG&6ZGvSÈL'LGFESL¹FFTB status / stage of recovery actions) are appropriated in the
GPGVLTGUSEIULSIH4 following order of priority : -
128
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
E
P MXZI HTSR NJGQS 0!J2R7EK vQ; JHZT NBQSI OTLTB FTB a) Expenditure/out of pocket expenses incurred for
GKEL.;GETYT
recovery (earlier recorded in memorandum dues);
b) Principal irregularities i.e. NPA outstanding in the
v
ÈFRvWGVGFSSLTBW'LL;S_vLSTFTBDELL
account.
Y
$LUWGVGFSSLWLTB!NJGQS$LUETÈGS c) Towards the interest irregularities/accrued interest.
VJI EI GD¹I> )LLKSI GKUP; D4BE WL4K J4KL ET WBSY;S 3.4 The sale of NPA is accounted as per guidelines
ÈE7IEKL ET GZ GVÉLL;GKS GOLLGVO;TLLTB ET WVRMLK ZTvLBGES prescribed by RBI and as disclosed under Para
GELULSLH4" 5.4.
FILV> MKELKIELKLTDLKJKEFILVELT/LT.EK
!WL4KWGSOT 3.5 Commission (excluding on Government Business),
E
interest on overdue bills, exchange, locker rent, income
GDZLTBJK$LU>GPGVF>ZL8EKGEKL >FQ;TB7D4BGEBYZTVOTVLTBMTÈL*S
from merchant banking transactions and Income
WLWL4KZL)LLBLWL7TG.BYET JFTB VLGFSJL.TGKPTG705L on Rupee Derivatives designated as “Trading” are
JKWLPMXZIJKWL4KDIFLOLPLTBELTGVJ7LVJKZTvLBGESGEL accounted for on realization and insurance claims are
ULSLH4" accounted for on settlement.
X7J2LCZvLSLTBETFLFZTFTBMBDBGÉLSELVXVIWL4KW6vQ;TZL)L 3.6 In case of suit filed accounts, related legal and other
M
HLGVvLST MT È)LLGKSGET ULST H4B WL4KCMEIPMXZIHLTVT JK expenses incurred are charged to Profit & Loss
Account and on recovery the same are accounted for
CMSKHETNÎTLTBETGZ YLVLEIULSIH4"
as such.
W
LEK ET GKJ2B.LTB JK $LU ET J FTB ÈL*S WL ELT MBDBGÉLS 3.7 Income from interest on refund of income tax is accounted
ÈLGÉLELGKLTB^LKLJLGKSWLOTLETPL;FTBKTBvLGEBSGELULSLH4" for in the year the order is passed by the concerned
authority.
W
L8JKTG7BYZIUJKZIYC;WLG-SLTBETGZ PAGZLYSMGHSZIU
EL)LRYSLVZI5LWPGÉLET NJKWLC;MI WLC; ^LKLULKI M 3.8 Lease payments including cost escalation for assets
ZIUTM
ETWVRMLKZL)LHLGVvLSTFTBGZLULSLH4" taken on operating lease are recognised in the Profit and
Loss Account over the lease term in accordance with the
. TGD7!¹TG.7EL.LT JKGKPL.; *PLCB7ET GZ ÈLPÉLLVÈ3TE+TLI AS 19 (Leases) issued by ICAI.
FTBMBGQSDELL*PLCB7LTBJKWLÉLLGKSH4" 3.9 Provision for Reward Points on Debit/Credit cards is
JGKJ%PHLTQREIGFLOIUFLKLGLLTBEL)LRYSLVVHRWLHLTS'LL made based on the accumulated outstanding points in
each category.
NVELOLPLVGELYLHLTSLTNVJKDQSvLSTEIOKMT$LU
ZYLLULSLH4" 3.10 Interest on unpaid and unclaimed matured term deposits
is accounted for at savings bank rate.
ZL)LLBL ÈL*S EKVT EL WGÉLELK UD WL4K UD M&)LP HLT ZL)LLBL
3.11 Dividend is accounted for as and when the right to receive
EIÈLG*SHLTYI"
the dividend is established.
GVPTL 4. INVESTMENTS
ÈGS)LXGSLTBFTBZTVOTV??GVJ7LVGSG'LELTOU;GELULSLH4" 4.1 The transactions in Securities are recorded on
“Settlement Date”.
GVPTLLTB ELT D4BGEBYGPGVFVWGÉLGVF>EISIMKIWVRMXQI
ETJ2LF; FTB'LLGVGO;7/H+TGLLTBFTBPYI;²SGELYLH4" 4.2 Investments are classified into six categories as stipulated
in form A of the third schedule to the Banking Regulation
)LLKSIGKUP;D4BEETFLY;GVO;TLLTBETWVRJGVPTLLTBELT??JGKJ%PSL Act, 1949.
SEKvTY >??GD¹IHTSRNJZ$ÉLS'LL??0LJLKHTSRKvTY
4.3 Investments have been categorized into "Held to
+TGLLTBFTBPYI;²SGELULSLH4" Maturity", "Available for Sale" and "Held for Trading" in

D4BE ^LKL JGKJ%PSL SE KvT ULVT EI FBLL MT WGU;S terms of RBI guidelines as under:
ÈGS)LXGSLTB ELT ?JGKJ%PSLSEKvIYC;+TLIFTB KvLYL (a) Securities acquired by the Bank with an intention
H4" to hold till maturity are classified under "Held to
Maturity".
DI
DE
B4 ^LKL W:JLPGÉL ET FX: ! $LU OK ÈPAGºLLTB EL ZL)L
(b) The securities acquired by the Bank with an
N#LSTHR 0LJLKHTSR KvTULVTEIFBLLMTWGU;SÈGS)LXGSLTB ELT
intention to trade by taking advantages of short-
??0LJLKHTSR KvTY GVPTLLTB FTB PYI;²SGELYLH4" term price/ interest rate movements are classified
under “Held for Trading”.
129
MI
U
LTÈGS)LXGSLBNJ;RºL2OLTVLTB+TGLLTBFTBVHIBWLSIBN6HTB??GD¹I (c) The securities, which do not fall within the above
HTSRNJZ$ÉL+TLIETWÉLIVPYI;²SGELYLH4" two categories, are classified under "Available for
Sale"
W
VRLBGYLTB>MBRºL2NJ¹FLTBWL4KMHLTYIMB-'LLBWLTBFTBGVPTLELT
4.4 Investments in subsidiaries, joint ventures and
Q7I FETJFTBPYI;²SGELYLH4"
associates are classified as HTM.
E+TLIMTOXMKI+TLIFTBÈGS)LXGSLTBETWBSKL>WBSKLEIGSG'L
4.5 Transfer of securities from one category to another is
ELT WGÉLY[HLZLYS!DHIFX:!DLULKFX:>ULT )LIEFHLT> carried out at the lower of acquisition cost/ book value/
JKGELYLH4"GO TMTWBSKLJKELTC;FX:ÀLMHLTSLTNMET market value on the date of transfer. The depreciation, if
GZ JXKLÈLPÉLLVGELYLH4" any, on such transfer is fully provided for.
HLZLBGE M J2+TLIELT Q7I F+TLIMTÈGS)LXGSLTBELWBSKL However, transfer of securities from HTM category
DREP4:XJKGELULSLH4"WBSKLETJQLSTÈGS)LXGSLBSRKBS to AFS category is carried out on book value. After
JRVF;X:LBGESHLTSIH4WL4KJGKLLF-PJFX:ÀLM>GOELTC;H4> transfer, these securities are immediately revalued
ÈOLVGELULSLH4" and resultant depreciation, if any, is provided.
EGVPTLWJVIvKIOOLKIET MFHI Q7I F> Q J27IL An investment is classified as HTM, HFT or AFS at the
J2 METJFTBPYI;²SGELULSLH4WL4KGPG)L6V+TGLLTBET time of its purchase and subsequent shifting amongst
DIQS3MBDBÉLIGLG¾7BYGPGVLFEGOLLGVO;TLLTBETWVRJGELULSL categories is done in conformity with regulatory
H4" guidelines.
GEMIGVPTLEIWGÉLY[HLZLYSGVÉLL;GKSEKVTFTB 4.6 In determining acquisition cost of an investment
E
M$MG¹*LVJKÈL*SOZLZI!EFILVÈGS)LXGSLTBEIZLYSMT a. Brokerage / commission received on subscription
EL7IYIH4" is deducted from the cost of securities.
v
ÈGS)LXGSLTBETWGÉLY[HLETM&D6ÉLFTBMBOºLOZLZI>EFILV> b. Brokerage, commission, Securities Transaction
ÈGS)LXGSZTVOTVEK M7I7I
C3LGOKLU-P0LTBETJ Tax (STT) etc. paid in connection with acquisition
of securities are treated as revenue expenses
FTBFLVIYIH4WL4KCMTWGY[FWL4KZLYSMTDLHKKvLYL
upfront and excluded from cost.
H4"
c. Interest accrued up to the date of acquisition/sale of
Y
ÈGS)LXGSLTB ET WGÉLY[HL!GD¹IEISLKIvSEWGU;S$LU
securities i.e. broken — period interest is excluded
W'LL;S_ /X7WPGÉLET GZ $LUWGÉLY[HLZLYS!GD¹IET from the acquisition cost/sale consideration and
GPQLKMTDLHKKvLYLH4WL4KCMEIYLVLWGU;S$LLU the same is accounted in interest accrued but not
FTBEIYC;H4VGEOTvLSTFTB" due account.
L
GVPTLLTB EIM)LI+TGLLTB ET GZ ZLYSELGVÉLL;KLWL4MS d. Cost is determined on the weighted average
ZLYSJGSETWLÉLKJKGELYLH4" cost method for all categories of investments.
)LLKSIGKUP;D4BE! J2WLC; F F.I ETGOLLGVO;TLLVRMLK>GVPTL 4.7 Investments are valued as per RBI/ FIMMDA guidelines,
ELFX:VGV&VGZGvSWLÉLLKJKGELULSLH4 on the following basis:
JGKJ%PSLSEKvTY Held to Maturity
i
??JGKJ%PSLSEKvT YT +TLIET WÉLIVGVPTLLTB ELT i) Investments under "Held to Maturity "category are carried
WU;VZLYSJKGZLULSLH4" at acquisition cost.
Wherever the book value is higher than the face value/
UHLEHIBWBGESFX:!ÈGSOLVFX:MTDHIFX:WGEHLT
redemption value, the premium is amortized over the
SLTÈIGFFELTJGKJ%PSLEILTLWPGETGZ -77T ZLC;V remaining period to maturity on straight line basis. Such
ETWLÉLLKJKJGKLLTGSGELULSLH4"E7L4SIETJ??GVPTLLTB amortisation of premium is reflected in Interest
JKWLLIL; ET WBSY;SWGU;S$LUFTB JGKZG\LS TMT Earned under the head “ Income on investments” as
ÈIGFFELJGKLLTVMFLLTGUSGELULSLH4" a deduction.
ii
WVRLBGYLTB!MBRºL2N]FLTB!MHLTGYLTBFTBW-'LLIGVPTLMTG)L6V ii) Investments in subsidiaries/joint ventures/associates
È3TE0GºL2YSGVPTLLTBEIÈ²GSFTBGETYTGVPTLELFX:V are valued at carrying cost less diminution, other than
KvKvLPFTBMTÀLMH7LEKWU;VZLYSJKGELULSLH4" temporary in nature for each investment individually.
iii
ÈLLTGUS\LTLIY[LFILD4BELTB FTB GVPTLLTB ELFX:LBEVKvLP iii) Investments in sponsored regional rural banks are valued
at carrying cost.
ZLYSJKGELULSLH4"
130
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
iv
N]FJXBUIFTB GVPTLLTB ELFX:LBEVKvLPZLYSJKGEL iv) Investment in Venture Capital is valued at carrying
ULSLH4" cost.
v
Q7I F+TLIFTBKvTY CG%P7ILTKELFX:LBEVKvLP v) Equity shares held in HTM category are valued at carrying
ZLYSJKGELULSLH4" cost.
GD¹IHTSRNJZ$ÉLWL4K0LJLKHTSRKvTYT Available for Sale and Held for Trading
E
MKELKIÈGS)LXGSLB a) Govt. Securities
I.ET6ÇIMKELKEIÈGS)LXGSLB GJ2%M. CBEF FVI FLGE;7 . I. Central Govt. Securities At market prices/YTM as
published by Fixed Income
.TGKPTG70M MLTGM LV WL8J2
Money Market and Derivatives
CBG.L J2WLC; F F.I
Association of India (FIMMDA)
^LKL 'LL ÈELGLS DLULK FX:LTB!
JGKJ%PSLJK
II.KL5MKELKLTBEIÈGS)LXGSLB J2WLC; F F.I !)LLKSIGKUP; D4E B II. State Govt. Securities On appropriate yield to maturity
basis as per FIMMDA/RBI
ET FLY; GVO;T LLTB ET WVRMLK NJRºL2
guidelines.
JGKJ%PSLÈLG*SWLÉLLKJK
v
ETBÇI!KL5MKELKLTB^LKLYLKB7ILROL J2WLC; F F.I ! )LLKSI GKUP; b) Securities guaranteed by On appropriate yield to maturity
ÈGS)LXGSLB> MLP;UGVE \LTL ETD4BE FLY; GVO;TLLTB ET WVRMLK NJRºL2 Central / State Government, basis as per FIMMDA/RBI
PSU Bonds (not in the nature guidelines
NJ¹FLTBETDL. WGY[FLTBEIÈ²GSJGKJ%PSLÈLG*SWLÉLLKJK
of advances)
ETVHIB
Y 7TUKIGDZ KvLPZLYSJK c) Treasury Bills At carrying cost

L CG%P7ILTK GO ELT7 GEL YL HLT SLT DLULK d) Equity shares At market price, if quoted,
otherwise at break up value of
FX: JK W6'LL VPIVSF SRZVJL the Shares as per latest Balance
ULT E PL; MT JRKLVL V HLT
ET Sheet (not more than one year
WVRMLKLTKLTB ET D[TEWJFX:JK> old), otherwise at Re.1 per
W6'LLÈGSEBJVI! company
. WGÉLFLVLTK GO ELT7 GEL YL HLT SLT DLULK e) Preference shares At market price, if quoted or on
FX:JKW6'LL)LLKSIGKUP; D4BE! appropriate yield to maturity
basis not exceeding redemption
J2WLC; F F.I FLY;GVO;TLLTB ET value as per RBI/FIMMDA
WVRMLK NJRºL2 JGKJ%PSL JK GEBSR guidelines.
ÈGSOLVFX:MTWGÉLEVHIB
Q DBÉLJL WL4K G.DTBQK WGY[FLTB EIGO ELT7 GEL YL HLT SLT DLULK f) Bonds and debentures (not in At market price, if quoted, or
È²GSETVHIB
FX: JK W6'LL )LLKSI GKUP; D4E B the nature of advances) on appropriate yield to maturity
basis as per RBI/FIMMDA
! J2WLC; F F.I FLY;GVO;T LLTB ET guidelines.
WVRMLK>NJRºL2JGKJ%PSLÈGSJ2ZJK
/ &XQRWZJ2.LTBETXGV7 GO ELT7 GEL YL HLT SLT -7L8E g) Units of mutual funds As per stock exchange quotation,
%MQTBUET)LLPETWVRMLKWL4KGO if quoted; at repurchase price/
NAV, if unquoted
ELT7 V GEL YL HLT SLT JRVv;KIO
FX:! V PIJK
U PLGLG5EJTJK KvLPZLYSJK h) Commercial Paper At carrying cost
UFLÈFLLJL KvLPZLYSJK i) Certificate of Deposits At carrying cost
¸L WLKMIWLC; ZEIÈGS)LXGSKMIOTB WLKMIWLC; Z ^LKL EI YC; j) Security receipts of ARCIL At net asset value of the asset as
declared by ARCIL
LLTLLL ET WVRMLK WLG-S ET LR
WLG-SFX:JK
7 N]FJXUIGVGÉLL N]FJXUIGVGÉLLTB^LKLEIYC; LLTLLL k) Venture Capital Funds At net asset value (NAV)
ET WVRMLK WLG-S ET LR WLG-S declared by the VCF
FX:JK
# W6GVPTL KvLPZLYSFTBMTÀLM L7LEK l) Other Investments At carrying cost less diminution
in value
GD¹IHTSRNJZ$ÉLS'LL0LJLKHTSRKvTY PY;FTBNJ;RºL2FX:LBEV The above valuation in category of Available for Sale and
È3TEG-¹JETGZ WZYWZYGSFLHIWLÉLLKJKGELULSLH4 Held for Trading is done scrip wise on quarterly basis
S'LLÈ3TEPYI;EKLETGZ FX:ÀLM!PAGULT.IULSIH4"GO and depreciation/appreciation is aggregated for each
131
LRFX:ÀLMH4SLTÈ3TEPYI;EKLETGZ ÈLPÉLLVGELULSLH4 classification. Net depreciation for each classification, if
UDGELRPAGVHIBOLL;IULSI"FX:ÀLMETGZ ÈLPÉLLVJK any, is provided for while net appreciation is ignored. On
0GºL2YSÈGS)LXGSELDHIFX:DLULKHTSRGQBGHSEKVTETJQLS provision for depreciation, the book value of the individual
WJGKPGS;SKHSIH4" security remains unchanged after marking to market.
)LLKSIGKUP; D4BEET VJIWLC; PYI;EKLET GPPTEIFLVOB.LTB ET 4.8 Investments are subject to appropriate provisioning/
WVRJ GVPTLLTB JK NJRºL2 ÈLPÉLLVIEKL S'LL WL WFL6IEKL de-recognition of income, in line with the prudential
ZLYXGETULSTH4B"WGY[FLTBETJFTBWVU;EÈGS)LXGSLTBETMBDBÉL norms of Reserve Bank of India for NPI classification.
The depreciation/provision in respect of non-performing
FTB FX:ÀLM! ÈLPÉLLV W6 WU;E ÈGS)LXGSLTB ET MBDBÉL FTB PAG
securities is not set off against the appreciation in respect
ET MF\LMFBUV M47WL8J2
VHIB GELYLH4"WGÉLFLVILTK of the other performing securities. For NPI in preference
G.DTBQKLTB WL4K DLB.LTB FTB VJIWLC; ET GZ NJKLTºL2 FX:LBEV ET share, debentures and bonds, in addition to valuation as
WGSGKºL2WLYT ÈLPÉLLV VJI FLVELTB ET WVRMLKMD-7T6..; WL4K above, further provision is made on Sub-standard and
MBOTHL-JOWLG-SETJFTBGELYLH4" Doubtful assets as per NPA provisioning norms.
EC;ELC; ^LKLÈL*SEIYC; ¹TG.7MRGPÉLLGOD4BEEIDHIFTB If any credit facility availed by an entity is NPA in the
VJI H4 SLT NMIC;ELC; ^LKLULKIÈGS)LXGSLTB FTB ELTC; )LIGVPTL books of the Bank, investment in any of the securities
issued by the same entity would also be treated as NPI
CMET GPJKIS )LI VJIWLC; ET J FTB FLVL UL YL" GJ2K )LI
and vice versa. However, in respect of NPI preference
VJIWLC;WGÉLFLVILTKLTBETMBDBÉLFTBUHLBZL)LLBLEL)LRYSLVVHIB share where the dividend is not paid, the corresponding
GELULSLPHLB¹TG.7MRGPÉLLELT VJI VHIBFLVLUL YL" credit facility is not treated as NPA.
GEMI)LI+TLIETGVPTLLTBEIGD¹IMTHR ZL)L!HLGVELTZL)L 4.9 Profit or loss on sale of investments in any category is
PHLGVvLST FTB ZT ULLULSLH4 GEBSR ?JGKJ%PSLHTSR KvT YT taken to Profit and Loss account but, in case of profit on
+TLIET GVPTLLTB EIGD¹IMT HR ZL)LET FLFZT FTB NMET DKLDK sale of investments in "Held to Maturity" category, an
equivalent amount (net of taxes and amount required
EIKLGL MLGPGÉLEGKUP;ELT-'LLLVLBSGKSGVPZEKWL4KWJTG\LS to be transferred to Statutory Reserve) is appropriated to
KLGL
?JXBUIÈLKG\LSGVGÉLvLSTFTBGPGVLTGUSEIULSIH4" "Capital Reserve Account"
P LJM vKIO 0P-'LL ET W6SY;S JRVvKIOI ! JRV DTQI YI 4.10 Securities repurchased/resold under buy back
ÈGS)LXGSLTBELTNVEIFXZZLYSJKGHMLDFTBGZLULSLH4" arrangement are accounted for at original cost.
GKJLT PGKPM; GKJLT ET WBSY;SDTQIPvKIOIYC; ÈGS)LXGSLTB ELT 4.11 The securities sold and purchased under Repo/Reverse
MFTGESZ4BG.BYPNÉLLKI7LBUT%LBMETSL4KJKKvLULSLH4"HLZLBGE Repo are accounted as Collateralized lending and borrowing
transactions. However, securities are transferred as in the
MLFL6WLN7KLC;7GD¹I!vKIO7LUT%LVETFLFZTFTBÈGS)LXGSLTB
case of normal outright sale/purchase transactions and
ELTWBSGKSGELULSLH4S'LLÈGS)LXGSLTBET TMTOL4KELÈLTYGKJLT! such movement of securities is reflected using the Repo/
GKPM; GKJLT PELNB7LÈGPG7LTB FTB ÈOGL;SHLTSLH4"NºL2ÈGPG7LTB Reverse Repo Accounts and Contra entries. The above
JGKJ%PSLGSG'LJKGKPM; HLT ULSIH4"ZLYSPKLU-PELT $LU entries are reversed on the date of maturity. Costs and
0!WLFLVLULSLH4U4ML)LIFLFZLHLT"GKJLTvLSTFTBD4ZTBMELT revenues are accounted as interest expenditure/income,
WVRMXQI NÉLLKI
S'LLGKPM;GKJLTvLSTFTBD4ZTBMELTWVRMXQI as the case may be. Balance in Repo Account is classified
D4BEETJLMD4ZTBMS'LLFVI 7EL8ZPLLT7;VLTG7M
ETWBSY;S under schedule 4 (Borrowings) and balance in Reverse
Repo Account is classified under Schedule7 (Balance with
KvLULSLH4"HWLKDIWLC; ET ML'L Z J2JK)LIZLYX HLTSL
Banks and Money at Call & Short Notice).The same is also
H4" applicable to LAF with RBI.
0LJLKW'LPLÈGSK\LLETÈLTUVMT0R3J6V .TGKPTG70M
ZTVOTV 4.12 The derivatives transactions are undertaken for trading
GETYTH4B"0LJLGKEZTVOTVDLULKFX:JKH4")LLKSIGKUP; or hedging purposes. Trading transactions are marked
D4BEET GVO;TLLVRMLKWOZLDOZIEIGPG)L6V+TGLLTB ELGV&VPS_ to market. As per RBI guidelines, different categories of
FX:VGELYLH4 swaps are valued as under: -
ÈGSK\LLWOZLDOZI H4U-PLJ
Hedge Swaps
$LUOKWOZLDOZIULT$LUPLHEWLG-SW'LPLOTSLEIÈGSK\LL Interest rate swaps which hedge interest bearing asset

EKSIH4>ELTNJQWLÉLLKJKZTvLBGESGELULSLH4> GEMIWLG-S or liability are accounted for on accrual basis except
the swaps designated with an asset or liability that are
W'LPLOTSLETML'LWG)LGHSWOZLDOZIELT/LT.EK
ULTGPºLI
carried at market value or lower of cost in the financial
GPPKLIFTBDLULKFX:W'LPLEFEIFSJKGZLULSLH4"
statement.
132
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
OZLDOZIEIMFLG*SJKZL)LPHLGVLTBEIWOZLDOZIET
W Gain or losses on the termination of swaps are recognized
6XVSKDELLMBGPOLYSUIPVW'LPLWLG-S!OTSLEILTLWPGÉL over the shorter of the remaining contractual life of the
JK ULT)LIEFHLT
FLVLULSLH4" swap or the remaining life of the asset/ liabilities.
0LJLGKEWOZLDOZI 7TG.BY-PLJ
Trading Swaps
Trading swap transactions are marked to market with

0LJLGKEWOZLDOZIELZTVOTVGPºLIGPPKGLLTB FTB GKEL.;
changes recorded in the financial statements.
GE Y JGKPS;VLTB MGHSDLULKFX:EISRZVLFTB GQBGHSGEL
ULSLH4" Exchange Traded Derivatives entered into for trading
purposes are valued at prevailing market rates based
0LJLGKENÎTLTBETGZ ÈGP7GE Y GPGVF0LJLK.TKIPTG70M on rates given by the Exchange and the resultant
%MQTBU ^LKL OI YC; OKLTB ET WLÉLLK JK ÈQGZS $LU OK JK gains and losses are recognized in the Profit and Loss
FX:LBGESGELULSLH4 WL4KÈL*SZL)LLTB PB HLGVLTB ELT ZL)LP Account.
HLGVvLSTFTBGZLULSLH4"
4.13 Foreign currency options
GPOTLIFRÇLGPE:J
Foreign currency options written by the bank with a back-
6D4BEETML'LD4E7XD4EEL67T%7ETJFTBD4BE^LKLGEL
W to-back contract with another bank are not marked to
YLGPOTLIFRÇLGPE:JDLULKFX:JKVHIBH4>%LTBGECMFTBDLULK market since there is no market risk.
ULTGvFVHIBH4"
Premium received is held as a liability and transferred to
ÈL*SÈIGFFELT OTSLET JFTB KvLYLH4 WL4KJGKJ%PSL! the Profit and Loss Account on maturity/cancellation.
GVK-SIEKLJKZL)LPHLGVvLSTFTBW6SGKSGELYLH4" 5. LOANS / ADVANCES AND PROVISIONS THEREON:
L!WGY[FWL4KCMETGZ ÈLPÉLLV 5.1 Advances are classified as performing and non-
W
GY[FLTBELPYI;EKLWU;EWL4KWVU;EWLG-SLTBETJFTBGEL performing assets; provisions are made in accordance
with prudential norms prescribed by RBI.
ULSLH4WL4KNVETGZ )LLKSIGKUP;D4BE^LKLGVÉLL;GKSGPPTEJXL;
FLVOB.LTBETWVRMLKÈLPÉLLVGELULSLH4" 5.1 (a) Advances are classified : Standard, Sub Standard,
Doubtful and Loss assets borrower wise.

WGY[FLTBELTNÉLLKESL;PLK-7TK6..;>MD-7TK6..;>MBOTHL-JTO
PBHLGVWLG-SETJFTBPYI;²SGELULSLH4" 5.1 (b) Advances are stated net of specific loan loss
provisions, provision for diminution in fair value of
DI
WGY[FGPGL7_LHLGVÈLPÉLLVLTB>JRVY;G#SWGY[FLTBEI restructured advances.
NGQSFX:FTBEFIETGZ ÈLPÉLLVETGVPZELTEHLULSLH4" 5.2 In respect of foreign offices, the classification of loans
and advances and provisions for NPAs are made as
GPOTLIELL;ZLTBETMBDBÉLFTBLLTB PBWGY[FLTBELPYI;EKLWL4K per the local regulations or as per the norms of RBI,
VJI ETGZ ÈLPÉLLV-'LLVIGPGVFLTBL)LLGKD4BEETFLVELTB whichever is more stringent.
ULT)LIWGÉLELGºL2LLZIHLT>ETWVRMLKGELYLH4"
Loans and advances held at the overseas branches
LTPKMIULLvLWLTB FTB HR L PB WGY[FLTB ULT PMXZIET GKEL.;
W that are identified as impaired as per host country
regulations for reasons other than record of recovery,
ET WZLPLW6ELKLLTB ET GZ HLT-7EB7IGPGVFLTB ET WVRMLK
but which are standard as per the extant RBI
\LGSETJFTBGQG6¿SH4B>GEBSRGUMT)LLKSIGKUP;D4BEETFL4UXOL guidelines, are classified as NPAs to the extent of
GOLLGVO;TLLTB ET WVRMLK-746.H.; H4B>HLT-7EB7IFTB FL4UXOLDELL amount outstanding in the host country.
KLGLELT VJI ETJFTBPYI;²SGELULSLH4" 5.3 Financial Assets sold are recognized as under:
DTQIYC;GPºLIWLG-SLTB EIGV&VGZGvSJFTB FLVLYLH4 (a) For Sale of financial assets sold to SCs/RCs
E MMI!WLKMIELTDTQIYC;GPºLIWLG-SLTBEIGD¹IHTSR (i) If the sale to SCs/RCs is at a price below the Net
(i) GO MMI!WLKMIELTGD¹IGVPZDHIFX: VDIPI
MT Book Value (NBV), (i.e. Book Value less provisions
held), the shortfall should be debited to the Profit
VIQTEIEIFSJKEIYC;H4SLTNMPL;EFIETZL)LP
& Loss account of that year. Bank can also use
HLGVvLSTMT.TGD7EKVLQLGH "D4BE VJI EIGD¹IJK
countercyclical / floating provisions for meeting the
W'LL;S_UDGD¹IGVPZDHIFX:MTEFEIFSJKEIYC; shortfall on sale of NPAs i.e when the sale is at a
HLTSLTJLC;YC;EFIHTSRÈGSQ¹I!¾ZLTG7BYÈLPÉLLV)LIEK price below the NBV.
MESLH4"
133
GJ2K)LIWLG-SLTB EIGD¹IETGZ W'LL;S_ ETJQLS However, for assets sold on or after 26.02.2014
WL4KSE VJI EIJXP; GD¹IHTSR ÈLT3MLHVWVRJGO and upto 31.03.2016, as incentive for early sale of
GD¹IFX:GVPZDHIFX:MTEFH4SLTD4E B OLTPLLT EIWPGÉLET NPAs, bank can spread over any shortfall, if the
GZ GEMIEFIELTJGK0L*SEKMESLH4"GJ2K)LI> sale value is lower than the NBV, over a period of
MTSEDTQIYC;WLG-SLTB JKLLT7J; 2LZELTGSFLHIMT two years. However, assets sold from 01.04.2016 to
ETPZQLKGSFLGHLTB EIWPG>GUMFTB GD¹IEIYC;EIWPGÉL
31.03.2017, shortfall is to be amortized over a period
FTB JGKLLTGÉLSGELUL "CMEFIELT JGK0L*SEKVT EIH
MRGPÉLLD4E B ETPLGL;EGPPKGLLTB FTB vLSLTB MTMBDGB ÉLSG7*JGLLTB FTB of only four quarters from the quarter, in which the
WLPEÈE7IEKLETGPLLÉLIVHLTYI" sale took place.
(ii) GOGD¹IGVPZDHIFX:EIWJT\LLN1QSFFX:JKEI (ii) If the sale is for a value higher than the NBV, Bank
can reverse the excess provision on sale of NPAs to
YC; H4>SLT D4BECMPL; CMET ZL)LPHLGVvLSLTB FTB ÈL*S
its profit and loss account in the year, the amounts
KLGLFTBMT VJI EIGD¹ILWGSGKºL2ÈLPÉLLVPLJMZT
are received. However, Bank can reverse excess
MESLH4"S'LLGJ>D4BEWGSGKºL2ÈLPÉLLV UDGD¹IGVPZ provision (when the sale is for a value higher than
DHIFX:EIWJT\LLN1QFX:JKEIYC;H4
VJI EI the NBV) arising out of sale of NPAs, only when the
GD¹IMTS)LIGVELZIULMESIH4>ETPZUDÈL*SVEOI cash received (by way of initial consideration and/
ÈLKG&)LEÈGSJ2ZWL4K!W'LPL MWLK!JI7IMIEI/X7ET or redemption of SRs/PTCs) is higher than the NBV
FLÉ¶LF MT WLG-SLTB EI VEOI EI WJT\LL N1Q H4" WLYT of the asset. Further, reversal of excess provision
WGSGKºL2 ÈLPÉLLV EL GVKMV WLG-S ET VDIPI JK ÈL*S will be limited to the extent to which cash received
WGSGKºL2VEOIETÈ)LLPSEMIGFSHLTYI" exceeds the NBV of the asset.
vW6D4BE! VDI J2MI! J2WLC;C3LGOELTGD¹IEIYC;GPºLIT (b) For Sale of financial assets sold to Other Banks/NBFCs/
WLG-SLTBEIGD¹IHTSR FIs etc.
(i) GVPZDHIFX: VDIPI

MT EFEIFSJKGD¹IEKVT (i) In case the sale is at a price below the Net Book
Value (NBV) i.e. Book Value less provision held, the
ETFLFZTFTBW'LL;S_DHIFX:MTEFÈLPÉLLVEKVTJKEFI
shortfall should be debited to the Profit & Loss A/c of
ELTNMPL;ZL)LPHLGVvLSLTBMT.TGD7EKVLQLGH "
that year.
(ii) GVPZDHIFX: VDIPI
EIWJT\LLN1QFX:JKGD¹I (ii) In case the sale is for a value higher than the Net
ET FLFZT FTB W'LL;S_ DHI FX: MT EF ÈLPÉLLV EKVT JK> Book Value (NBV) i.e. Book Value less provision
WGSGKºL2ÈLPÉLLVPLJMVHIBGELUL YLGEBSRW6 VJI held, the excess provision shall not be reversed but
EIGD¹IvLSLTBWL4KEFI!HLGVJL ULVTJKNMELNJLTY will be utilized to meet the shortfall/loss on account
GELUL YL" of sale of other NPAs.
D 4BE EJRVY;G#SvLSLNMT FLVSLH4 UHLB D4BEVT NÉLLKESL;WLTB The Bank considers a restructured account as one where
EI GPºLI EG#VLC;LTB MT MBDBGÉLS WLG'L;E WL4K GPGÉLE the Bank, for economic or legal reasons relating to the
borrower’s financial difficulty, grants to the borrower
ELKLLTB HTSR NÉLLKESL; ELT GKLS GOL H4 GUM JK D4BE W6'LL concessions that the Bank would not otherwise consider.
GPQLKVHIB EKSLH4"JRVY;#VFTB MLFL6SLWGY[FLTB!ÈGS)LXGSLTB EI Restructuring would normally involve modification of terms
LSLT FTB MBLLTÉLV LLGFZ HLTYL GUMFTB W6 ET WZLPL JRV)L;RYSLV of the advance / securities, which would generally include,
WPGÉL!JRV)L;RYSLV KLGL!GESLTB EI KLGL $LU EI OK FTB JGKPS;V among others, alteration of repayment period / repayable
LLGFZHLTYL" ÈGS-JÉLL;3FEELKLLTB ET WZLPLW6ELKLLTB MT
" amount / the amount of installments / rate of interest (due
to reasons other than competitive reasons). Restructured
JRVY;G#S vLST D4BE ^LKL ETPZ JRVY;#V J4ETU ET WVRFLTOV WL4K
accounts are classified as such by the Bank only upon
ELL;6PV ET JQLS HI CM SKH PYI;²S GEL ULSL H4" E approval and implementation of the restructuring package.
JRVY;G#SvLST ET NGQSFX:FTB EFIET GZ WLPEÈLPÉLLV Necessary provision for diminution in the fair value of a
GELYLH4" restructured account is made.
W
GY[FLTBEL-PJDOZTULVT!NVEIGE-SLTBEIMB<LFTBJGKPS;V 5.4 For restructured/rescheduled advances, provisions
GE ULVTEIG-'LGSFTB)LLKSIGKUP;D4BEETFLY;GVO;TLLTBETWVRMLK are made in accordance with guidelines issued by
RBI.
ÈLPÉLLVGELULSLH4"
In respect of non-performing loans and advances
JRVY;#VET GPLLÉLIVWL4KGVJLLGOSLLTB WL4KWGY[FvLSLTB ET accounts subjected to restructuring, the account is
MBDBÉLFTB vLSLETPZPYI;²SWPGÉLW'LL;S_ $LULFXZÉLVET upgraded to standard only after the specified period
)LRYSLV EI JHZI GE-S EI GSG'L JQLS E PL; EI WPGÉL i.e. a period of one year after the date when first
134
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
ULT )LIDLOHLT>WPGÉLET OL4KLVvLST ET MBSLTLUVEÈOL;VET payment of interest or of principal, whichever is later,
GPLLÉLIVWLVT ET ELKLHI-746..; ET GZ WJY[T.GELULSL falls due, subject to satisfactory performance of the
H4" account during the period.
VJI JKPYI;²SÈLPÉLLVLTB ETWGSGKºL2>MLFL6ÈLPÉLLV)LI)LLKSI 5.5 In addition to the specific provision on NPAs, general
GKUP;D4E
B ETFL4UOX LGOLLGVO;T LLTB ETWVRMLK-7T.B .;WLG-SLTB ETGZ provisions are also made for standard assets as per
GELYLH4"T ÈLPÉLLVSRZVJLEIWVRMQ X IFTB ??W6OTSL B extant RBI Guidelines. These provisions are reflected
in Schedule 5 of the Balance Sheet under the head
PÈLPÉLLVW6LIL;EETWBSY;SÈOGL;SGELULSLH4WL4KVT7 “Other Liabilities & Provisions – Others” and are not
VJI HLTVT JKGPQLKVHIBGELULSLH4" considered for arriving at the Net NPAs.
)LLKSIGKUP;D4BEETGOLLGVO;TLLTBETWVRMLKY4KGVJLGOSWGY[FLTB 5.6 In accordance with RBI guidelines, accelerated
ETGZ GE Y 3PLGKSÈLPÉLLVGUMTD4BE^LKLJXP;FTB M F provision is made on non-performing advances which
were not earlier reported by the Bank as Special
+TLIETWBSY;SM467ZGKJLTGU7KIWL8J2CBJ2LF;TLVWL8VZLU;¹TG.7 Mention Account under “SMA-2” category to Central
MIWLKWLC; ZMI
ELTGPLTLPGL;SvLSTFTBGKJLT7;VHIBGELULSL Repository of Information on Large Credits (CRILC).
'LL"3PGKSÈLPÉLLVY4KGVJLMGOSWGY[FLTB ET GZ )LIGELYL Accelerated provision is also made on non-performing
H4 ULT GFGZVLNMMT ¦JKET MEZ %MJLTUK C;
advances which are erstwhile SMA-2 accounts with
Aggregate Exposure (AE) ` 1,000 million or above and
WL4KMBRºL2NÉLLKESL;WLTBEIJ2LTKF UT Z J2
ETML'LS3ELZIV
Joint Lenders’ Forum (JLF) is not formed or they fail to
M F vLSLTB ET JFTB YG#SVHIB GE Y H4B LGVÉLL;GKS agree upon a common Corrective Action Plan (CAP)
LTUVL MI JI
JKPTMHFSHLTVTFTBWMJ2ZHLTYTH4B" within the stipulated time frame.
JPX ; PLLT FTB D7_7T vLSTLLTB ETGPPMXZEIYC;KLGLWL4KÈLPÉLLVLTB Amounts recovered against debts written-off in earlier
years and provisions no longer considered necessary
ELTNÉLLKESL;EIPS;FLVG-'LGSETJGKÈT\LTFTB GPQLKEKVLWLPE
in the context of the current status of the borrower are
VHIBMFLYLH4WL4KCMTZL)LHLGVvLSTB FTB GZLULSLH4" recognised in the profit and loss account.
EB7I %MLJLTUKETGZ ÈLPÉLLV 5.7 Provision for Country Exposure:
W
LG-SPYI;EKLG-'LGSET WVRMLKGE Y GPGL7ÈLPÉLLVLTB ET In addition to the specific provisions held according
WGSGKºL2GEMIOTLET %MJLTUKLTB WJVTOTLETWZLPLW6
ET to the asset classification status, provisions are also
made for individual country exposures (other than
GZ )LIÈLPÉLLVGELYLH4"OTLLTBELTMLSULTGvF+TGLLTBW'LL;S_ the home country). Countries are categorized into
GVK'L;E>EF>FÉF>N1Q>DHRSN1Q>ÈGSDBGÉLSWL4KWL8J2¹TG.7 seven risk categories, namely, insignificant, low,
FTB PYI;²SGELYLH4WL4KÈLPÉLLV)LLKSIGKUP;D4E B ETFL4UXOL moderately Low, moderate, moderately high, high &
very high and provisioning made as per extant RBI
GOLLGVO;TLLTBETWVRMLKGELYLH4"È3TEOTLETFLFZTFTB GO guidelines. If the country exposure (net) of the Bank
D4E
B ELOTL %MJLTUK GVPZ
ERZGPºLJLTGLSWLG-SLTB EI in respect of each country does not exceed 1% of
MTWGÉLEVHIBH4SLT TMTEB7I %MJLTUKFTBELTC; ÈLPÉLLVVHIBGEL the total funded assets, no provision is maintained on
such country exposures. The provision is reflected in
ULSLH4"ÈLPÉLLVSRZVJLEIWVRMXQIFTB ??W6_ OTSL B PB
Schedule 5 of the Balance Sheet under the “Other
ÈLPÉLLVW6ETWBSY;SÈOGL;SGELULSLH4" liabilities & Provisions – Others”.
)LLKSI EL8JLTKT7 EI WVRLBGYLTB ELT -7TJ .LNV ET %-JLTUK ELT 5.8 An additional provision of 2% ( in addition to country risk
-74B..;WLG-SDVLVTETGPEL EWGSGKºL2ÈLPÉLL6L M)LI provision that is applicable to all overseas exposures)
WLTPKMIU %-JLTUKLTBJKZLYXEB7IULTGvFETWGSGKºL2
ELTLBQT against standard assets representing all exposures to
FTB E&*Z4G%M7I HLTVT MT N3J6V WGSGKºL2 ULTGvF ELT EPK EKVT step down subsidiaries of Indian Corporates has been
made to cover the additional risk arising from complexity
ET GZ >)LLKSIE&JVIELT GPG)L6V5XGKG.%LBMFTB WZYWZY
in the structure, location of different intermediary entities
CB7KGFG.KI B7LC;7T:MET-'LLVJKDVLLYLH4"CMÈELK>D4E in different jurisdictions exposing the Indian Company,
WGÉLEKLUV4GSEPKTYRZT7KIULTGvF_ ET GZ %JLTUHLT UL YL" and hence the Bank, to a greater political and regulatory
WLKDIWLC;JGKRBI!!DBR.IBD.BC No.! risk. (As per RBI Cir.No. RBI/2015.16/279 DBR.IBD.BC
!dated
ETWVRMLK
" No. 68/23.37.001/2015-16 dated 31.12.2015).
WQZWLG-SL 6. FIXED ASSETS
GUVJGKMKLTB ELJRVF;X:VHLT QRELH4 N6HTB /LT.EKW6WQZ 6.1 Fixed assets are stated at historical cost less accumulated
WLG-SLTBELTNVEIJK&JKLYSZLYSEFMBGQSFX:ÀLM!JGKLLTÉLV> depreciation/amortisation, wherever applicable,
UHLBEHIZLYXHLT>JKGOvLLULSLH4"JRVF;X:VJKHRC;PAGELT except those premises, which have been revalued. The
appreciation on revaluation is credited to revaluation
135
JRVF;X:VÈLKG\LSGVGÉLFTBUFLGELULSLH4WL4KNMJKFX:ÀLM reserve and incremental depreciation attributable to the
ETGZ GE Y ÈLPÉLLVELTNMFTBMTEFEKGOLULSLH4" revalued amount is deducted therefrom.
M
L8¾7PTKELTJXBUI²SEKWFXS;WL8G-SLTBETML'LULT.GOLYL 6.2 Software is capitalized and clubbed under Intangible
H4" assets.
KIOOLKI EI ZLYS MGHS M)LI vQ;T U4MT MLC7 S4LKI> 6.3 Cost includes cost of purchase and all expenditure
v
MB-'LLJVLZLYS>JBUIEKLET MFSEWLG-SJKvQ; EI such as site preparation, installation costs and
YI0PMLGEJ2IMZLYSFTB LLGFZH4"WLG-SLTB JKvQ; professional fees incurred on the asset till the
GE Y JGKPSI; vQ;T ETPZS)LIJXBUI²SGE ULST H4B UD time of capitalization. Subsequent expenditure/s
incurred on the assets are capitalised only when it
TMIWLG-SLTBLNVEIEL;\LFSLMT)LGPETZL)LFTBPAG
increases the future benefits from such assets or
HLTSIH4"
their functioning capability.
FX:ÀLM
6.4 DEPRECIATION
E WLG-SLTB UHLBEIFSWZYVEIULMESIHLTPHL)LXGF A. Depreciation on assets (including land where
MGHS
E&*X7KLTB ELT /LT.EK UHLB CMEI YLVL )LLKSI value is not separable) is provided on straight-line
GKUP;D4BE^LKLGVÉLL;GKSOKJKMIÉLIKTvLJGSJKGEL method based on estimated life of the asset, except
ULSLH4>ELT /LT.EK>JKFX:ÀLMET GZT ÈLPÉLLVWLG-S in respect of computers where it is calculated on
EIÈ3LGLSWLRETWLÉLLKJKMIÉLIKTvLJGSETWVRMLK the straight-line method, at the rates prescribed by
GELULSLH4" RBI.
v TMIWLG-SLTBJKFX:ÀLMGV&VGZGvSOKLTBJKÈOLVGEL B. Depreciation on assets has been provided at the

YLH4 rates furnished below:-
GPPKL FX:ÀLMEIOK Particulars Rate of Depreciation

DTGFLOI J7_7T JK ZI YC; )LXGF UHLB J7_7T EI LX6 Land acquired on perpetual lease where no Nil
lease period is mentioned
WPGÉLELN:ZTvVHIBH4
J7_7T JKZIYC; )LXGFUHL J7_7T EIWPGÉLEL J7_7TÑEIWPGÉLJK Land acquired on lease where lease period is Over lease period
mentioned
N:ZTvH4
)LPV Building
• »IHLT:.WL4KJ7_7TPLZI)LXGFJKGVGF;S> • Constructed on free hold land and on 2.50%

leased land, where lease period is above
UHLB J7_7T EIWPGÉLPL; MT WGÉLE 40 years
H4
• J7_7TPLZI)LXGFJKGVGF;SUHLJ7_7TEI J7_7TÑEIWPGÉLJK • Constructed on leased land where lease Over lease period
period is below 40 years.
WPGÉLPL;MTEFH4
JXP;PSI; 6X D4BEWLJ2 CBG.L S'LL VTORBY.I D4BE Built-up Assets taken over from erstwhile 4.00%
New Bank of India & Nedungadi Bank Ltd
GZMTWGU;SGVGF;SWLG-SL8B
J2VI;QKWL4KGJ2%MQM;-7IZP-SR B Furniture and fixtures- Steel articles 5.00%
J2VI;QKWL4KGJ2%MQM;ZE.IEIP-SR B Furniture and fixtures-wooden articles 10.00%
YÎT Mattresses 20.00%
FLTDLCZJ2LTVNJEKL Mobile Phone Instruments 33.33%

FLIVKI>GDUZIEIWL4KGPGPÉLP-SR B Machinery, electrical and miscellaneous 15.00%
articles
FLT7KELKTB PBMLC;EZTB Motor cars and cycles 15.00%
EB*X7K> 7I F WL4K MBDBGÉLS P-SR B Z4J 7L8J> Computers, ATMs and related items, laptop, 33.33%
i pad
WLC;J4.
E&*X7K G*ZETLVML8¾7PTKWFXS;WLG-SL Computer Application Software – Intangible
Assets
JT!SE KLU-PFTBÈ)LLGKS - Up to Rs. 5,000 Charged to Revenue
W6 - Others 20.00%
136
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Y D4BEETWJVT-PGL_F3PETJGKMKLTBMTCSKWLG-SLTBFTBHR V C. Depreciation on fresh additions to assets other than

JGKPÉL;VLTBETFLFZTFTBFX:ÀLMELÈLPÉLLVNVETÈLTYFTB bank's own premises is provided from the month in which
WLVTETFLMMTWL4KPL;ETOL4KLVDTQI!GVJ7LC;YC;WLG-SLTB the assets are put to use and in the case of assets sold/
disposed off during the year, up to the month preceding
ETFLFZTFTBÈLPÉLLVNMFLHMTJXP;FLMSEGELULSL
the month in which it is sold/ disposed off.
H4GUMFLMFTBWLG-SDTQI!GVJ7LC;YC;H4"
D. The depreciation on bank's own premises existing
L D4BEET WBSFTB FL4UXOD4BEET WJVT -PLLGF3PETB JGKMKLTB at the close of the year is charged for full year.
JKFX:ÀLMJXKTPL;ETGZTÈ)LLGKSGELYLH4"GVFL;L The construction cost is depreciated only when
ZLYSELTS)LIFX:ÀLMGELULSLH4UD)LPVM)LIÈELK the building is complete in all respects. Where the
MTJXKLHLTULSLHT"UHLB)LXGFWL4K)LPVEIZLYSELWZY cost of land and building cannot be separately
MTJSLVHIBZYLLULMESLH4>PHLBFX:ÀLMOKJK)LPV ascertained, depreciation is provided on the
JKZLYXMFY[ZLYSJKÈOLVEIULSIH4" composite cost, at the rate applicable to buildings.
E. In respect of leasehold premises, the lease

. J7_7LÉLLGKSJGKMKLTBETMBDBÉLFTB>J7_7LÈIGFFGOELTC;H4>
premium, if any, is amortised over the period
J7_7T EIMBJXL; WPGÉLJKJGKLLTGÉLSH4 WL4KJ7_7LGEKLL of lease and the lease rent is charged in the
MBDBGÉLSPLLTFTBÈ)LLGKSGELULSLH4" respective year(s).
WLG-SLTBEIWJMLFL6SL 7. IMPAIRMENT OF ASSETS
W
LG-SLTBEIZLYS\LFSLFTBWLBSGKE!DLÂS'LTBETWLÉLLKJKELTC; The carrying costs of assets are reviewed at each Balance
WJMLFL6SLGOvLC;J.SIH4SLTÈ3TESRZVJLGSG'LELTMFIG\LS Sheet date if there is any indication of impairment based
GELULSLH4" on internal/external factors.
EWJMLFL6HLGVS)LIFLVIULSIH4UHLBEHI EWLG-SEI An impairment loss is recognized wherever the carrying

KvLPZLYSCMEIPMXZIKLGLMT5LOLHLTSIH4"PMXZILT9KLGL cost of an asset exceeds its recoverable amount. The
recoverable amount is the greater of the assets net
WLG-SEIGVPZGD¹IEIFSWL4KNJLTGYSLFX:MT5LOLHLTSI
selling price and value in use. In assessing value in use,
H4"NJLTGYSLFX:_ETGVÉLL;KLFTB>WVRFLGVS)LLPIVEOIÈPLHEK
the estimated future cash flows are discounted to their
JXP;/X7OKFTBÈRºL2NMETPS;FLVFX:ELT L7LLULSLH4ULTNM
present value using a pre-tax discount rate that reflects
MFÉLVETPS;FLVDLULKFX:WL4KWLG-SETPYI;²SULTGvFLTB current market assessments of the time value of money
ELTOLL;SLH4" and risks specific to the asset.
JMLFL6SLETJQLS>GOELTC;H4>FX:ÀLMMTJXL;WLG-SJK
W
After impairment, if any, depreciation is provided on the
CMETLTLNJLTYIUIPVETMBMLTGÉLSKvLPZLYSJKÈOLVGEL revised carrying cost of the asset over its remaining
ULSLH4" useful life.
JXP;FTBHRC;WJMLFL6SLHLGVJGKG-'LGSLTBMTJGKPS;VETWLÉLLKJK A previously recognized impairment loss is increased or
DIL L7SIH4" reversed depending on changes in circumstances.
HLZLBGE>ÈGSYFVLGKPM;ZETJQLS\LFSLFX:NMFX:MT¦JK However, the carrying value after reversal is not increased
VHIBDSIH4GUMTGOELTC;WJMLFL6SLVHIBHRC;H4SLTMLFL6SL beyond the carrying value that would have prevailed by
FX:ÀLMÈ)LLGKSEKETGELULVLH4" charging usual depreciation if there was no impairment.
EF;QLKIJ2LOT 8. EMPLOYMENT BENEFITS
● )LGPGVGÉL ● PROVIDENT FUND:
)LGPGVGÉL EMRJGK)LLGLSWBLOLVLTUVLH4 %LTBGED4BEJXP; Provident fund is a defined contribution scheme as the

GVÉLL;GKSOKLTB JKGVGQSWBLOLVEL)LRYSLVEKSLH4"D4BEEL Bank pays fixed contribution at pre-determined rates. The
OLG3P TMTGVGQSWBLOLVSEMIGFSH4"TWBLOLVZL)LPHLGV obligation of the Bank is limited to such fixed contribution.
vLSTFTBQLU;GE ULSTH4B" The contribution are charged to Profit & Loss A/c.
● NJOLV ● GRATUITY:
Gratuity liability is a defined benefit obligation and is
N JOLV OTSL E MRJGK)LLGLS ZL)L OLG3P H4 WL4K DIFLBGES
provided for on the basis of an actuarial valuation. The
FX:LBEVET WLÉLLKJKGOLULSLH4"HLTUVLD4BE^LKLGPºL scheme is funded by the bank and is managed by a
JLTGLSH4WL4K EWZY7-7^LKLQZLC;ULSIH4" separate trust.
137
● JTBLV ● PENSION:
JTBLVOTSL EMRJGK)LLGLSZL)LOLG3PH4WL4KDIFLBGEEFX:LBEV Pension liability is a defined benefit obligation and is

provided for on the basis of an actuarial valuation. The
ETWLÉLLKJKOIULSIH4"HLTUVLD4BE^LKLGPºLJLTGLSH4WL4K scheme is funded by the bank and is managed by a
EWZY7-7^LKLQZLC;ULSIH4" separate trust.
D 4BEVT EVC; JTBLVLTUVL VJI M
ELJGKQLZVGELH4 The Bank operates a New Pension Scheme (NPS) for
HNVM)LIWGÉLELKI!EF;QLKIGU6HLTVTETDLOD4BE all officers/ employees joining the Bank on or after
01.04.2010. As per the scheme, the covered employees
5PLC;VGELHLT>ETGZ H4"LTUVLETWVRMLK>JLLEF;QLKIWJVI contribute 10% of their basic pay plus dearness
DTGMEPTSV*ZM.I ELELLTYOLV>D4BEMTF4GQBYLTYOLV allowance to the scheme together with a matching
MGHS_ OTST H4"M&DG6ÉLSEF;QLKIELJXL;_KGU-7TLVÈLLZIZG&DS contribution from the Bank. Pending completion of
H4NVELLTYOLVKvLYLH4"CVPLGL;ELTYOLVELTD4BEJHQLV registration procedures of the employees concerned,
these contributions are retained. The Bank
EKSLH4S'LLM&DG6ÉLSPL;ETGZ NMJK$LU>0ETSL4KJK
recognizes such annual contributions as an expense
OTSLH4"-'LLIGK7LKFTB7vLSLMB<L JIWLK V
KMIOÈL*SHLTVT in the year to which they relate. Upon receipt of the
JKMFTGESLTYOLVKLGLELT VJI M7-7FTB WBSGKSEKGOL Permanent Retirement Account Number (PRAN), the
ULSLH4" consolidated contribution amounts are transferred to
the NPS Trust.
● \LGSJXGS;WVRJG-'LGSLB
● COMPENSATED ABSENCES:
N JGQS\LGSJXGS; WVRJG-'LGSLB U4MT WGU;S/RGËÑL WL4KDIFLKIEI Accumulating compensated absences such as Privilege
/RGËÑL WÈRºL2 WLEG-FE /RGËÑLTB MGHS
DIFLBGEE FX:LBEV Leave (PL) and Sick Leave (including unavailed casual
WLÉLLKJKOIULSIH4B" leave) are provided for based on actuarial valuation.
● W6EF;QLKIZL)L ● OTHER EMPLOYEE BENEFITS:

Other Employee Benefits such as Leave Fare Concession
6EF;QLKIZL)LU4MT /RËÑIGEKLLGKLS>GM:PKURDZIWPL.;>
W
(LFC), Silver Jubilee Award, etc. are provided for based
FTG.EZJ2LOTC3LGODIFLBGEEFX:LBEVETWLÉLLKJKGO ULSTH4B" on actuarial valuation.
HLBSEGPOTLG-'LSLLvLWLTBWL4KELL;ZLTBELMBDBÉLH4ÈGSGVRGºL2
U In respect of overseas branches and offices, the benefits
JKY EF;QLGKLTB ELT GO Y ZL)LLTB ET WZLPLW6M)LIZL)L in respect of employees other than those on deputation
NVOTLLTBFTBZLYXELVXVLTBETWVRMLKFX:LBLGESWL4KZTvLBGESGE are valued and accounted for as per laws prevailing in
the respective countries.
Y H4B"
9. TRANSLATION OF FOREIGN CURRENCY
GPOTLIFRÇLMTMBDBGÉLSZTVOTVWL4KLTLLTBELJGKPS;V
TRANSACTIONS & BALANCES:
GPOTLI GPGVF FTB LLGFZ ZTVOTV M ??GPOTLI GPGVF OKLTB FTB Transactions involving foreign exchange are accounted
JGKPS;VELÈ)LLPETWVRMLKZTvLBGESGE ULSTH4B" for in accordance with AS 11, “The Effect of Changes in
Foreign Exchange Rates”.
JXP;PSI; ZBOV LLvLWLTB ET WGY[FLTB ELT /LT.EK> GUVEL )LLKS FTB
WBSKLEIGSG'LELTZLYXGPGVFOKLTBETWLÉLLKJKJGKPS;VGEL 9.1 Except advances of erstwhile London branches which
are accounted for at the exchange rate prevailing on
ULSLH4>)LLKSIGPOTLIFRÇL0LJLKIMB L J2T.LC;
ETFLY;GVO;TLV the date of parking in India, all other monetary assets
ET WVRMLKSRZVJLGSG'LJKGPGVFOKLTB ET WLÉLLKJKFL4GÇE and liabilities, guarantees, acceptances, endorsements
WLG-SLTB S'LL OTSLWLTB> YLKBG7LTB> -PI²GSLTB> JA#LBEVLTB P W6 and other obligations are initially recorded at a notional
OLG3PLTBELTÈLKBG)LEJMTEG:JSOKJKOU;GELULSLH4WL4K rate and translated in Indian Rupee equivalent at the
exchange rates prevailing as on the Balance Sheet date
MFSR:)LLKSIJTFTBJGKPGS;SGELULSLH4"
as per Foreign Exchange Dealers' Association of India
W
QZWLG-SLTB GUMT GSHLGMEOKJKZT ULLULSLH4>MT CSK (FEDAI) guidelines.
Y4KFL4GÇEFOLTBELTZTVOTVEIGSG'LELTÈ)LLPIGPGVFOKLTBJK 9.2 Non-monetary items other than fixed assets which are
JGKPGS;SGELULSLH4" carried at historical cost are translated at exchange rate
prevailing on the date of transaction.
D ELL PLOL GPGVF -JL87 P WY[TGLS MBGPOLWLTB ELT )LLKSI
GPOTLIFRÇL0LJLKIMB LET-JL87!WY[TGLSOKJKSRZVJLGSG'LJK 9.3 Outstanding Forward exchange spot and forward
contracts are translated as on the Balance Sheet date at
WGÉLMXGQSGPGVFOKLTBJKJGKPGS;SGELULSLH4WL4KJ2Z-PJ
the rates notified by FEDAI and the resultant gain/loss on
FX:LBEVJKHR ZL)L!HLGVELTZL)LPHLGVvLSTFTBGOvLLULSL translation is taken to Profit & Loss Account.
H4"
138
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
GPOTLIGPGVF-JL87!J2LP;.EB7T%7!.I:M FQ;TB7PCB7KD4BE
>ULTGE Foreign exchange spot/forward contracts/deals (Merchant
7TG.BYPFQ;B7H4UET GZ ÈLTYVHIB GE ULST H4B S'LLSRZVJLEI and Inter-bank) which are not intended for trading/Merchant
Hedge and are outstanding on the Balance Sheet date, are
GSG'LJKDELLHLTST H4B>GPGVFZL)LJKJRVF;X:LBEVÈ)LLPELT H7LVT
reverse re-valued at the closing FEDAI spot/forward rate in
ETGZ ZTvLD6OIJKJ2IOLC; J2C;.I WLC;
-JL87!J2LP;.;OKMTGKPM; order to remove revaluation effect on exchange profit. The
JRVFX:BGESHLTSTH4"CMSKHETJ2LP;.GPGVFEKLKEILRWLSJK premium or discount arising at the inception of such a forward
ÈIGFFL/X7N3J6VHLTSIH4ULT$LU0ETSL4KJKJGKLLTGÉLSH4L exchange contract is amortised as interest expense or income
EKLKETNJKWLEISKHH4" over the life of the contract.
L S'LL 0 EI FOTB ZTVOTV EI SLKIv ELT ÈQGZS GPOTLI 9.4 Income and expenditure items are accounted for at the
W
exchange rate prevailing on the date of transaction.
GPGVFOKJKJGKPGS;SEIULSIH4B"
Exchange differences arising on the settlement of
F L4GÇEFOLTBETGVJ7LVJKNVMTG)L6VOKLTBJKN3J6VGPGVFWBSK monetary items at rates different from those at which
GUMJKPTLRWLSFTBOU;GE Y 'LT>NMWPGÉLETGZ PTN3J6V they were initially recorded are recognised as income
WLL0ETJFTBFLVTULSTH4B" or as expense in the period in which they arise.
)LLPIFRÇL0LJLKFTB vRZIG-'LGSET GPGVFOKLTB FTB JGKPS;VET Gains/Losses on account of changes in exchange

rates of open position in currency futures trades are
ELKLvLSTFTBZL)L!HLGVO4GVEWLÉLLKJKGPGVFMFLLLTÉLVYAHLTB settled with the exchange clearing house on daily
ETML'LGVJ7L ULSTH4BWL4K TMTZL)L!HLGVELTZL)LPHLGVvLST basis and such gains/losses are recognised in the
FTBGZLULSLH4" Profit and Loss Account.
GPOTLG-'LSLLvL B!WJS7ID4BGEBYCELCLB 9.5 Offices outside India / Offshore Banking Units:
i. GPOTL G-'LS LLvLWLTB WL4K WJS7I D4BGEBY XGV7LTB ET i. Operations of foreign branches and off shore
JGKQLZVLTBELT??Y4KMFLEGZSGPOTLIJGKQLZVLTBFTBPYI;²S banking unit are classified as "Non-integral foreign
GELYLH4WL4KGPOTLFTBÈGSGVGÉLELL;ZLTBETJGKQLZVLTB operations" and operations of representative
ELT ??MFLEGZSGPOTLIJGKQLZVLTB ET JFTB PYI;²S offices abroad are classified as "integral foreign
GELYLH4" operations"
ii. MFLEGZSGPOTLJGKQLZVLTBETGPOTLIFRÇLZTVOTVLTBELTWL4K ii. Foreign currency transactions of integral foreign

Y4KMFLEGZSGPOTLIJGKQLZVLTB ELT ZTvLBEVFLVE operations and non-integral foreign operations are
FTBGO Y GVÉLL;KLETWVRMLKGHMLDFTBGZLULSLH4" accounted for as prescribed by AS-11.
iii. Y4KMFLEGZSJGKQLZVLTBJKGPGVF L7DETZL)L!HLGV iii. Exchange Fluctuation resulting into Profit / loss
ELTGPGVF L7DÈLKG\LSGVGÉLFTBUFL!VLFTGELULSL of non-integral operations is credited /debited to
H4" Exchange Fluctuation Reserve.
WLJKEK 10. TAXES ON INCOME

Income tax expense is the aggregate amount of current tax
WLEK0D4BE^LKLGE Y PS;FLVEKS'LL.TJ2.;EK0
and deferred tax expense incurred by the Bank. The current
EIERZKLGLHLTSLH4"WLEK %7>S'LL ELNBG7BY-74B..; tax expense and deferred tax expense are determined in
ETÈLPÉLLVLTBETWVRMLKHIPS;FLVEK0S'LL.TJ2.;EK0 accordance with the provisions of the Income Tax Act, 1961
EIYLVLHLTSIH4"GPOTLFTBG-'LSELL;ZLTBJK)LRYSLVGE Y and as per Accounting Standard 22 - Accounting for Taxes on
EKLTBELTLLGFZEKVTETDLOWLJKEKETGZ ELNBG7BYEI Income respectively after taking into account taxes paid at the
ULSIH4ULTGEM&DG6ÉLS5XGKG.%LVETEKGVFLTBJKWLÉLLGKS foreign offices, which are based on the tax laws of respective
HLTSTH4B" jurisdictions.
Deferred Tax adjustments comprises of changes in
P L; ET OL4KLV .TJ2.; EK WLG-S L OTSLWLTB FTB JGKPS;VLT EL the deferred tax assets or liabilities during the year.
MFLLTUVWL4KWLYTZTUL YC;HLGVHLTSLH4".TJ2.;EKWLG-SP Deferred tax assets and liabilities are recognised by
OTSL>PS;FLVPL;ETGZ ELNBG7BYWLWL4KEKLT9WLET considering the impact of timing differences between
taxable income and accounting income for the current
DIQETMFWBSKLZETÈ)LLPELTÉLVFTBKvSTHR JHQLVEI year, and carry forward losses. Deferred tax assets
ULSIH4".TJ2.;EKWLG-SPOTSLEIYLVLEKEIOKS'LLEK and liabilities are measured using tax rates and tax
GVFLTBELÈLTY>ULTGESRZVJLGSG'LFTB V G%7.LPL-SGPE laws that have been enacted or substantively enacted
at the balance sheet date. The impact of changes
V G%7PGELYLHLT>GELULSLH4".TJ2.;EKWLG-SPOTSL in deferred tax assets and liabilities is recognised in
139
FTBJGKPS;VELÈ)LLPZL)LPHLGVvLSLTBFTBGOvLC;OTSLH4".TJ2.; the profit and loss account. Deferred tax assets are
EKWLG-SELTJHQLVLULSLH4S'LLÈ3TEGKJLTG7;BYGSG'LJKJRV recognised and re-assessed at each reporting date,
based upon management’s judgment as to whether
MT--.GELULSLH4>ULTÈD6ÉLVEIUUFTB7JKWLÉLLGKSHLTSIH4 their realisation is considered as reasonably/virtually
U4MTGENVEIGKZLC;UTLVÈFLLS!PQ;RWZIGVGQSHLT" certain.
ÈGSLTKJKWL 11. Earnings per Share:

The Bank reports basic and diluted earnings per share in
D 4BEEIÈGSLTKWLÉLLK)LXSWLGKJLT7;WLC;MI WLC;^LKLULKI?ÈGS accordance with AS 20 -‘Earnings per Share’ issued by
LTKJKWLWL4K METWVRMLKHLTSIH4"DTGMEWLÈGS the ICAI. Basic Earnings per Share are computed by
LTKEIYLVLPL;ETGZ GPLTLEKC;G%P7ILTKÉLLKELTBELT74%M dividing the Net Profit after Tax for the year attributable
ET DLOLRZL)LELT PL; ET DELLC;G%P7ILTKEIWL4MSV to equity shareholders by the weighted average number
of equity shares outstanding for the year.
MB<LMT)LLYEKETÈL*SEIULSIH4"
ÈLPÉLLV>WLEG-FEOTSLTBS'LLWLEG-FEWLG-SL 12. Provisions, Contingent Liabilities and Contingent Assets:
● In conformity with AS 29, “Provisions, Contingent
● M ET WVRMLK ?QL7;. ELNB7TB. MB-'LLV ^LKL ULKI
Liabilities and Contingent Assets”, issued by the
ÈLPÉLLV>WLEG-FEOTSLTBS'LLWLEG-FEWLG-SL>D4BE Institute of Chartered Accountants of India, the
CVETÈLPÉLLVEIJ¿QLVETPZS)LIEKSLH4UDJXP; L7VL Bank recognises provisions only when it has a
ETJGKLLF-PJPS;FLVOLG3PHLTS'LLGUMETJGKLLFS present obligation as a result of a past event, and
MBMLÉLVLTBELM&)LLGPSWLN7¾ZLTHLTULTOLG3PELTGVJ7LVT would result in a probable outflow of resources
embodying economic benefits will be required to
ETGZ WLG'L;EZL)LETGZ WLPEHLTS'LLUDOLG3P
settle the obligation, and when a reliable estimate
EIGPPMVIKLGLWVRFLGVSEIULMESIHLT" of the amount of the obligation can be made.
● GPSIGPPKLIFTBWLEG-FEOTSLWLTBEIJ¿QLVVHIBHLTSI ● Contingent Assets are not recognised in the
H4" financial statements.
DRGZV7LBUT%LV 13. Bullion Transactions:
D 4BEDRGZVELWLLSEKSLH4GUMFTBY[LHELTBELTDTQVTETGZ The Bank imports bullion including precious metal

EEKLKJKWLÉLLGKSDHRFX:FT7ZDLKLLGFZH4"WLLSD4E bars on a consignment basis for selling to its
customers. The imports are typically on a back-to-back
7X D4EJKGPLTLJMT WLÉLLGKSH4 S'LLY[LHEELT NMELFX: basis and are priced to the customer based on price
M*ZLK^LKLWBGESFX:JKOTVLHLTSLH4"CVDRGZV7LBUT%LVLTB quoted by the supplier. The Bank earns a fee on
FTBD4BELR:EWGU;SEKSLH4"LR:EELTEFILVWLETWBSY;S such bullion transactions. The fee is classified under
PYI;²SGELULSLH4"D4BEYLT:.ELTUFLPNMJKLOTSLH4 commission income. The Bank also accepts deposits
and lends gold, which is treated as deposits/advances
GUMT $LU0!WLEISKH0LU)LRYSLVFLFZT ET WLÉLLKJK as the case may be with the interest paid / received
%ZLMIJ2LC;.UFLKLGL!NÉLLKEISKHJTLELGELULSLH4" classified as interest expense/income.
vB.PLKGKJLTG7;BY 14. Segment Reporting
D 4BE>WLKDIWLC;GOLLGVO;TLLTBETWVRMLKS'LLWLC;MI WLC;^LKLULKI The Bank recognizes the Business segment as the

ELNBG7BY-74B..; EIWVRJLZVLFTB GDUVTMvB.LTB EIJHQLV Primary reporting segment and Geographical segment
as the Secondary reporting segment, in accordance with
ÈL'LGFEGKJLTG7;BYvB.S'LL)LL4YLTGZEvB.ELTMTETB.KIGKJLTG7;BYvB. the RBI guidelines and in compliance with the Accounting
ETJFTBEKSLH4" Standard 17 issued by ICAI.
140
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WVRMXQI EZ
SCHEDULE 18 (SOLO)
<LL3LLTBMTMBDBGSG7**LGL¶LLB NOTES TO ACCOUNTS (31.03.2017)
*LXUI ` EKLT.FTB
1. Capital (` in Crore)
¹ GPPKL 31.03.2017 31.03.2016 Sl. Particulars 31.03.2017 31.03.2016

MB No
i. ML&LL6¶LCG%P7I7I¶LK*LXU
B IWVR*LL3L 7.87 7.87 i. Common equity Tier 1 Capital ratio 7.87 7.87
(%)*
%
*
ii 7I¶LK*LXBUIWVR*LL3L %
* 8.91 8.41 ii. Tier 1 Capital ratio (%)* 8.91 8.41
iii 7I¶LK*LXBUIWVR*LL3L %
* 2.75 2.87 iii. Tier 2 Capital ratio (%)* 2.75 2.87
iv. ERZ*LXBUIWVR*LL3L MIWLK WLK
%
* 11.66 11.28 iv. Total Capital ratio (CRAR) (%)* 11.66 11.28
v. $L4BE&LTB)LLK3LMKELKEILT¶LKÉLLGK3LL 65.01% 62.08% v. Percentage of the shareholding of the 65.01% 62.08%
ELÈG3LL3L Government of India in the Bank
vi. UR7LC;YC;CG%P7I*LXBUIEIKLGL 2112.00** 21.81 vi. Amount of equity Capital raised 2112.00** 21.81
vii. UR7LC;YC;7I¶LK"WG3LGK%S*LXBUIEI 2250.00 LX6 vii. Amount of Additional Tier 1 Capital 2250.00 NIL
raised; of which :
KLGLGUM&LTBDTGFLOIY4KMBQI Perpetual Non- Cumulative Preference NIL NIL
WGFLVILTK *LI VMI*LI M
LX6 LX6 Shares(PNCPS):
DTGFLOILGZ<LS *LI.IWLC;
Perpetual Debt Instruments (PDI): 2250.00 NIL
2250.00
LX6
viii. Amount of Tier 2 Capital raised; of NIL 1500.00
viii UR7LC;YC;7I¶LK*LXU
B IEIKLGLGUM&LTB LX6 1500.00
which : NIL 1500.00
LX6 1500.00
L*LXUB IGZ<L3LT Debt Capital instrument: NA NA
WGFLVLTKJXU B IGZvSTB DTGFLOI ZLYXVHIB ZLYXVHIB Preference Share Capital Instruments:[
Perpetual Cumulative Preference
MBQIWGFLVLTK JIMIJI M! Shares (PCPS / Redeemable Non-
ÈGSTOT Y4KMBQIWGFLVLTK Cumulative Preference Shares
WLK VMIJI M
!ÈGSOTMBQIWGFLV (RNCPS) /Redeemable Cumulative
LTK WLKMIJI M
Preference Shares (RCPS) ]
*DTMZ"""JXBUIGPGVFVETWVRMLKMXQVL i MTiv
FTBOIYC;H4" * Information given in 1 (i to iv) has been given as per Basel III Capital Regulations.
**EKLT.CG%P7IJXBUIWL4KEKLT.ÈIGFFETJFTBLLGFZ" ** Includes Rs. 32.87 crore as equity capital and Rs. 2079.13 crore as premium.
GVPTL ` EKLT.FTB

2. Investments (` in Crore)
GPPKL 31.03.2017 31.03.2016 Particulars 31.03.2017 31.03.2016

GVPTLLTBEL&LX:¶L (1) Value of Investments
(i) GVPTLLTBELMEZ&LX:¶L 188138.05 158806.54 i Gross value of Investments 188138.05 158806.54
E )LLK3L&LTB 182591.36 153505.04 a In India 182591.36 153505.04

<L )LLK3LMT$LLHK 5546.69 5301.50 b Outside India 5546.69 5301.50
(ii) &LX:¶LÀLMETGZ ÈLPÉLLV 1412.61 960.64 ii Provisions for Depreciation 1412.61 960.64
(iii) GVPTLLTBELGVPZ&LX:¶L 186725.44 157845.90 iii Net value of Investments 186725.44 157845.90

GVPTLLTB *LK &LX:¶LÀLM ET GZ ÉLLGK3L (2) Movement of provisions held towards
ÈLPÉLLVLTB&LTB L7$L depreciation on investments.
(i) ÈLKG&)LELTL 960.64 603.44 i Opening balance 960.64 603.44
(ii) ULT.TBPL;ETOL4KLVGE Y ÈLPÉLLV 704.68 762.21 ii Add: Provisions made during the year 704.68 762.21
(iii) L7L BPL;ETOL4KLVGE Y WGE 252.71 405.01 iii Less: Write-off/ write-back of 252.71 405.01
excess provisions during the
ÈLPLVET GZ DËÑT vLST .LZIYI! year (Net).
ÈGSGZGvSKLGL LR
1412.61 960.64 iv Closing balance 1412.61 960.64

(iv) CG3LLTL
141
KT*LLTZTVOTV J2TMP4:XEILSLT;BFTB
3. Repo Transactions (in face value terms)
` EKLT.FTB
(` in Crore)
WBGE3L&LX:¶L ELT Face Value Minimum Maximum Daily Average Outstanding
outstanding outstanding outstand-ing as on
ELTMFL*S MFL*SPL;ET ELTMFL*SPL; EIG-'LGS
during the during the during the 31.03.2017
PL;ETOL4KLV OL4KLVWGESF ETOL4KLVO4GVE ETWVRMLK year ended year ended year ended
6XVSFDELL DELL WL4MSDELL DELL 31.03.2017 31.03.2017 31.03.2017
KT*LLTETW63LY;3L$LTQIYC; Securities sold
ÈG3L)LXG3L¶LLB under repo
(i)MKELKIÈG3L)LXG3L¶LL (i) Government

0.00 16175.00 353.67 0.00 Securities 0.00 16175.00 353.67 0.00
(0.00) (16175.00) (824.72) (16175.00) (0.00) (16175.00) (824.72) (16175.00)
(ii)GVYG&L3LL 0.00 0.00 0.00 0.00 (ii) Corporate Debt 0.00 0.00 0.00 0.00
(0.00) (0.00) (0.00) (0.00) Securities (0.00) (0.00) (0.00) (0.00)
ÈG3L)LXG3L¶LL
GKPM;KT*LLTETW63LY;3L Securities
<LKIOIYC;ÈG3L)LXG3L¶LLB purchased under
reverse repo
(i)MKELKIÈG3L)LXG3L¶LL 0.00 39084.00 13386.33 22000.00 (i) Government 0.00 39084.00 13386.33 22000.00
(0.00) (12163.42) (3961.85) (2000.00) Securities (0.00) (12163.42) (3961.85) (2000.00)
(ii)GVYG&L3LL 0.00 0.00 0.00 0.00
(ii) Corporate Debt 0.00 0.00 0.00 0.00
ÈG3L)LXG3L¶LL (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00) (0.00)
Securities
ELT#EFTBGO Y WLBE.TGJ/ZTPL;MTM&DG6ÉLSH4B"

( Figures in brackets relate to previous year)
M ZWLKMTC3LKGVPTLMBGP)LLY 4. Non-SLR Investment Portfolio

E ELT Y4K M Z WLK GVPTLLTB EI GVY;FESL; 4a. Issuer composition of Non SLR investments As on
31.03.2017
MBKQVL
(` in Crore)
ÈKLT.FTB
??GVPTL Sr. Issuer Amount Extent of Extent of Extent of Extent of

G$LVL ??Y4K No. Private ‘Below In- ‘Unrated’ ‘Unlisted’
+TLIMT Placement vestment Securi- Securi-
GVUI\LTL KT7YEI MXQI$L
MB<¶LL GVY;&LE3LL; KLGL VIQTEI Grade’ ties ties
FTBGP-SLK ÈG3L)LXG3L¶LLTB ÈG3L)LXG3L¶LLTB Securities
ÈGS)LXGSLTB
EIKLGL EIKLGL
EIKLGL
(1) (2) (3) (4) (5) (6) (7)
(1) (2) (3) (4) (5) (6) (7)
(i) JI MX 10618.03 LX6 LX6 1329.06 LX6 (i) PSUs 10618.03 NIL NIL 1329.06 NIL
(8628.60) (LX6) (8628.60) (NIL) (NIL) (NIL) (NIL)
(LX6) (LX6) (LX6)
(ii) J2WLC; M 13612.88 27.00 LX6 LX6 LX6 (ii) FIs 13612.88 27.00 NIL NIL NIL
(10832.29) (27.00) (10832.29) (27.00) (NIL) (NIL) (51.74)
(LX6) (LX6) (51.74)
(iii) $L4BE 4578.34 LX6 LX6 LX6 LX6 (iii) Banks 4578.34 NIL NIL NIL NIL
(3695.76) (LX6) (LX6) (LX6) (LX6) (3695.76) (NIL) (NIL) (NIL) (NIL)
(iv) GVUIEL8*LLT;KT7 7617.31 50.00 LX6 39.25 39.25 (iv) Private 7617.31 50.00 NIL 39.25 39.25
(5491.45) (50.00) (LX6) (1.5) (343.38) Corporates (5491.45) (50.00) (NIL) (1.5) (343.38)
(v) WVRLBGY¶LL! 2305.14 LX6 LX6 LX6 321.45 (v) Subsidiaries 2305.14 NIL NIL NIL 321.45
(2305.14) (LX6) (LX6) (LX6) (433.95) / Joint (2305.14) (NIL) (NIL) (NIL) (433.95)
MB¶LR%SN]&L
Ventures
(vi) W6¶L* 3491.80 LX6 LX6 0.00 0.00 (vi) Others* 3491.80 NIL NIL 0.00 0.00
(6942.95) (LX6) (LX6) (0.70) (0.70)
(6942.95) (NIL) (NIL) (0.70) (0.70)
(vii) &LX:¶LÀLMET -1053.56 LX6 LX6 LX6 LX6 (vii) Provisions
-1053.56 NIL NIL NIL NIL
GZ ÈLPÉLLV (-960.57) (LX6) (LX6) (LX6) (LX6) held towards
(-960.57) (NIL) (NIL) (NIL) (NIL)
depreciation.
ULT. 41169.94 77.00 LX6 1368.31 360.70
Total 41169.94 77.00 NIL 1368.31 360.70
(36935.62) (77.00) (LX6) (2.20) (829.77) (36935.62) (77.00) (NIL) (2.20) (829.77)
ELTsELTB&LTBGO Y WL8BE.TG*L/ZTPL;ETH4B
(Figures in brackets relate to previous year)
*W6FTB WVRMXQIET W6SY;SMKELKIÈGS)LXGSLTB FTB NG:ZGvSGPLTL *Others include Special Govt. Securities of ` 2312.96 Crore ( Net
MKELKIÈGS)LXGSLTB FX:ÀLMET DLO
EIJT EKLT. EIKLGL of depreciation, if any) shown under Govt. Securities in Schedule
EIGPLTLMKELKIÈGS)LXGSLLLGFZH4B"EL8ZF>>WL4KMT¦JKET 8. Amounts reported under columns 4, 5, 6 and 7 above may not
WBSY;SOLL;IYIKLGLJK-JKMBDVHIBHLTMESI" be mutually exclusive.
<L WVU;E M ZWLKMTC3LKGVPTL 4b. Non-performing Non-SLR investments
` EKLT.&LTB
(` in Crore)
ÈLKG&)LELTL 516.41 297.76
Opening balance 516.41 297.76
142
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
PL;ETOL4KLVPAG 276.01 275.70 Additions during the year 276.01 275.70
PL;ETOL4KLVEFI 64.52 57.05 Reductions during the year 64.52 57.05
CG3LLTL 727.90 516.41 Closing balance 727.90 516.41
ERZÉLLGK3LÈLPÉLLV 591.23 267.00 Total provisions held 591.23 267.00
Y Q7I &L+TLI&LTB!MTG$L¹I PBWB3LKL 4c. Sale and transfers to / from HTM category
The total value of sales and transfers of securities to /
WÈ4ZMT FLQ; ET OL4KLV Q7I F+TLIFTB!MT from HTM category during 1st April 2016 to 31st March,
ÈGS)LXGSLTB EIGD¹IWL4KWBSKLLTB ELERZFX:ELT 2017 has exceeded 5% of the book value of investments
G-'LS Q7I F+TLIFTBLGKSGVPTLLTBETDHIFX:MTWGE held in HTM category as on 31.03.2016 (Excluding
D.YLH4 GV&VGZGvS7LBUT%LVLTBELT/LT.EK
" following Transactions).
{The 5 percent threshold referred to above will exclude
{NºL2PGL;SÈGSLSEIMIFL ELNBG7BYWPG DI
EILRWLS (a) the one- time transfer of securities to/ from HTM
FTB GVOTLEFB.ZETWVRFLTOVETML'L Q7I F+TLIEI!MTÈGS)LXGSLT>B category with the approval of Board of Directors permitted
EIGD¹I)LLKSIGKUP; D4E B ELT JXP; FTB LLTGLSWLT FWLT WL8%LV to be undertaken by banks at the beginning of the
MI
EIPV7LC;F7LM B J2KELTDLHK
EKTYL")LLKSMKELK^LKL accounting year (b) sales to the Reserve Bank of India
under pre-announced OMO auctions, (c) Repurchase
D4E B LTB MT MKELKIÈGS)LXGSLTB EIJRVv;KIO .I
>ÈGS)LXGSLTB EIGD¹I of Government Securities by Government of India from
LWÈ4Z>URZLC;>W%7XDKS'LLUVPKIEILRWLSFTB banks, (d) Sale of securities or transfer to AFS / HFT
Q7I FETWBSY;S M ZWLKÈGS)LXGSLEIMIZIBYELTEFEKVT consequent to the reduction of ceiling on SLR securities
JK J2 M! Q J27IELTWBSGKS> ELNBG7BYPL;U4MT WÈ4Z> under HTM at the beginning of April, July, October 2016
and January 2017, in addition to the shifting permitted at
EILRWLSJKWVRFGSELTGL¾7EKVTETWGSGKºL2H4"} the beginning of the accounting year, i.e. April, 2016}
)LLKSIGKUP;D4BEETFL4UXOLGOLLGVO;TLLTBETWVRMLK FLE;T7P4:X Disclosure in terms of extant RBI guidelines (excess of
JKDREP4:XELWLG%GUMETGZ ÈLPLVVHIBGELYLH4
book value over market value for which provision is not
ÈE7IEKLGV&VPS_H4 made) is as follows:
` EKLT.&LTB
(` in Crore)
GPPKL DREP4:X FLE;T7P4:X FLE;T7P4:XJKDRE Particulars Book Market Excess of Book
Value Value Value over Market
P4:XELWLG%
Value
1. MKELKIÈGS)LXGSLB 112164.99 115034.48 0.00 1. Government Securities 112164.99 115034.48 0.00
2. W6WVRFLTGOSÈGS)LXGSLB 139.21 141.64 0.00 2. Other Approved Securities 139.21 141.64 0.00
3. LTK 56.88 86.60 0.00 3. Shares 56.88 86.60 0.00
4. G.DTBQKPDLB. 1319.98 1289.92 30.06 4. Debenture & Bonds 1319.98 1289.92 30.06
5. WVRLBGYLB> MBR%S N]F> 2304.88 12108.96 0.00 5. Subsidiaries, Joint Ventures, 2304.88 12108.96 0.00
Associates & RRBs
MHLTYIPWLKWLKDI
6. W6 131.12 193.86 0.00 6. Others 131.12 193.86 0.00
ERZ 116117.06 128855.46 30.06 Total 116117.06 128855.46 30.06
.TGKPTG70U 5. Derivatives

5a. Forward Rate Agreement/ Interest Rate Swap
E PL¶LOLOKEKLK!$¶LLUOKWOZL$LOZI -P4*L
` EKLT.&LTB
(` in Crore)
i WOZL$LOZI EKLKLTB EL WLVR&LLGVE 372.44 1197.44 i The notional principal of swap 372.44 1197.44
&LXZÉLV agreements
ii ¶LGO OXMKL *L\L EKLK ET WB3LY;3L 4.00 9.35 ii Losses which would be incurred if 4.00 9.35
counter parties failed to fulfill their
W*LVT OLG¶L3PLTB ELT *LXKLVHIB EK3LL3LLT obligations under the agreements
MB)LLGP3LHLGV
iii WOZL$LOZI&LTB LLG&LZHLTVT *LK$L4BELTB iii Collateral required by the bank upon Nil Nil
LX6 LX6 entering into swaps
^LKLW*LTG\L3LWMB*LLG;PEÈG3L)LXG3L
iv Concentration of credit risk arising Nil Nil
iv WOZL$LOZIETELKLLULTG<L&L LX6 LX6 from the Swaps
v WOZL$LOZI$LHIELNGQ3L&LX:¶L** (-) 1.0878 (-) 0.1291 v The fair value of the swap book (-) 1.0878 (-) 0.1291
The above Trades are Interest Rate Swap Deal done with
N%S 7T. C67K D4BE ET ML'L JT EKLT. GJ/ZT PL; JT
Interbank for Rs. 348.72 Crores (Previous year Rs. 1173.72
EKLT.
PGPºLIMB-'LLVJTEKLT. GJ/ZTPL; crores) and Financial Institution Rs. 23.72 Crores (Previous
EKLT.
ET ML'L0LUOK-P4J.IZHRC; H4"PS;FLVPL; ET GZ GUM year Rs. 23.72 Crores). Credit Risk (Credit Exposure) for
143
LULTG<LFEKLT.S'LLGJ/ZTPL;ETGZ HEKLT.H4" Current Year is Rs. 12.25 Crore and for previous year it is Rs.
ERZ.IZLTB FTB MT .IZD4E7X D4E.IZH4 OLT .IZPHLB )LRYSLV 22.72 Crore. There are total 14 deals out of which 2 deals are
Back to Back Deals, 2 Deals where payment is made at Fixed
GJ2%M.EKLKOKJKGELYLH4PH¾ZLTG7BYKT7JKJ[L*SHRC;H4"LTL Contract Rate and received at Floating rate and in remaining
.IZLTB EL)LRYSLV¾ZLTG7BYOKMT GELYLH4 PGJ2%M.EKLKOK 10 deals, payment is made at Floating Rate and received at
JKJ[L*SHRC;H4" Fixed Contract Rate.
<L %MQTBU7T.YPLZT$¶LLUOK.TGKPTG70uL 5b. Exchange Traded Interest Rate Derivatives
ÈKLT.&LTB
( ` in Crore)
¹MB GPPKL 31.03.2017 31.03.2016 Sl. No. Particulars 31.03.2017 31.03.2016
(i) PL; WÈ4ZFLQ; ET OL4KLV (i) Notional Principal amount of
exchange traded interest rate
%MQTBU7TG.BYPLZT $LUOK.TGKPTG70U derivatives undertaken during the 811.60 75.88
EIWVRFLGVEFXZVKLGL GZvSPLK
811.60 75.88 period April, 2016 to March, 2017
$LUOKPLOL (instrument-wise) Interest rate
(ii) futures
FLQ;>EIG-'LGSETWVRMLKDELL LX6 LX6
%MQTBU7TG.BYPLZT$LUOK.TGKPTG70UEI (ii) Notional Principal amount of
exchange traded interest rate
WLVRFLGVEFXZVKLGL GZvSPLK
NIL NIL
derivatives outstanding as on 31st
March, 2017 (instrument-wise)
(iii) %MQTBU7TG.BYPLZT $LUOK.TGKPTG70U LX6 LX6 (iii) Notional Principal amount of
EI TMIWLVRFLGVEFXZVKLGLS'LLULT exchange traded interest rate
??W3GEÈ)LLPIVHIBH4 GZvSPLK
NIL NIL
derivatives outstanding and not
(iv) ‘highly effective’ (instrument-wise)
%MQTBU7TG.BYPLZT $LUOK.TGKPTG70U LX6 LX6 (iv) Mark-to-Market value of exchange
EI WLVRFLGVE FXZV KLGL EL DELL
traded interest rate derivatives
DLULK FX: FLE;7XFLE;T7
ULT NIL NIL
outstanding and not ‘highly
??W3GEÈ)LLPIVHIBH4 GZvSPLK
effective’ (instrument-wise)
Y .TGKPTG70uL&LTBULTG<L&L %MJLTUKJKÈE7IEKL 5c. Disclosure on risk exposure in derivatives

I- Qualitative Disclosure
I YRLL3&LEÈE7IEKL
1. Bank discusses their risk management policies pertaining
DE B4 .TGKPTG7PMTM&$LG6SULTGvFÈD6VJL8GZMIUETML'LGPLTLEK to derivatives with particular reference to the extent to
NM-SKSE.TGKPTG7PELÈLTYGELYLUHLSEMHLEULTGvF which derivatives are used, the associated risks and
S'LL0PMLNÎTJXL;HLTKHLHLT"QQL;FTB H)LILLGFZH4" business purposes served. The discussion also include:
a. The structure and organization for management of
E.TGKPTG7P7GT .BYFTB ULTGvFELÈD6VELLBQLPMBY#V
risk in derivative trading.
vULTGvFYLVL>ULTGvFEIGKJLTG7;YB S'LLULTGvFGVYKLVIGM-7F_EI b. The scope and nature of risk measurement, risk
È²GSPLBQL reporting and risk monitoring systems.
Y HG4 UBYET GZ JL8GZMIS'LL!LULTGvFFIG7YTGB 7BYPKLVIGSS'LL c. Policies for hedging and/or mitigating risks and
H4GUU!GF7IYT7B M_ ELÈ)LLPLLZIBYMTGVK6SKGVYKLVIKvVL"WL4K strategies and processes for monitoring the continuing
effectiveness of hedges/mitigants; and
L ÈGSK\LLWL4KY4KÈGSK\LL7GT .BYELTGKEL.;EKVTETGZ ZTvLBEV d. Accounting policy for recording hedge and non-hedge
VIGS GP]FLV H4 GUMFTB WL JHQLV> ÈIGFF WL4K G.-ELNB7 transactions are in place, which includes recognition
MG&FGZSH4"DELLWVRD6LTB ELFX:LBEV>ÈLPLV>MBJLGP;E of income, premiums and discounts. Valuation of
WL4KLULTGvFEFGE ULSTH4"B outstanding contracts, provisioning, collateral and
credit risk mitigation.
II &LLLL3&LEÈE7IEKL
II - Quantitative Disclosure
ÈKLT.&LTB
(₹ in Crore)
¹ &LRÇL $¶LLUOK &LRÇL $¶LLUOK Sl.
Particulars
Currency Interest Rate Currency Interest Rate
GPPKL No. Derivatives Derivatives Derivatives Derivatives
MB .TGKPTG70U .TGKPTG70U .TGKPTG70U .TGKPTG70U
31.03.2017 31.03.2017 31.03.2016 31.03.2016 31.03.2017 31.03.2017 31.03.2016 31.03.2016
1 .TGKPTG70uL 3LLEE 1 Derivatives

(Notional
&LXZÉLVKLGL
Principal
E
H4GUBY_ETGZ 0.00 0.00 0.00 0.00 Amount)
(a) For Hedging 0.00 0.00 0.00 0.00
<L
7T.YETGZ 0.00 372.44 0.00 1197.44
(b) For trading 0.00 372.44 0.00 1197.44
2 &LL%.;7X 2 Marked to
&LLET;7*LLTGULV Market Position
144
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
H4GUBY Hedging
E
WLG-3L
0.00 0.00 0.00 0.00 a) Asset (+) 0.00 0.00 0.00 0.00
b) Liability (-) 0.00 (-) 1.0878 0.00 (-) 0.1291

<L
OT¶L3LL
0.00 (-) 1.0878 0.00 (-) 0.1291
Trading
7T.Y
a) Asset (+)
E
WLG-3L
b) Liability (-)
<L
OT¶L3LL
3 Credit 0.00 12.2459 0.00 22.7227
Exposure
3 L %-JLTUK 0.00 12.2459 0.00 22.7227
4 Likely impact of
4 $¶LLUOK&LTB one percentage
*LGKP3L;VEL change in
M&)LL0¶LÈ)LLP interest rate
(100*PV01)
**LIPI
(a) On hedging 0.00 0.00 0.00 0.00

E
H4GUBY.TGKPTG7PJK 0.00 0.00 0.00 0.00 derivatives
<L
7T.Y.TGKPTG7P*LK 0.00 (-) 0.0543 0.00 (-) 0.0817 (b) On trading 0.00 (-) 0.0543 0.00 (-) 0.0817
derivatives
5 PL;ETOL4KLV*LL¶LT
Y¶LT**LIPI 5 Maximum
and Minimum
WGÉLE3L&L3L'LL of 100*PV01
6¶LXV3L&L observed
during the
E
H4GUBY_JK 0.00 0.00 0.00 0.00 period
WGÉLESF
(a) On hedging 0.00 0.00 0.00 0.00
6¶LXV3L&L 0.00 0.00 0.00 0.00 Maximum
<L
7T.Y*LK 0.00 (-) 0.01 0.00 0.01 Minimum 0.00 0.00 0.00 0.00
WGÉLE3L&L (b) On trading 0.00 (-) 0.01 0.00 0.01
Maximum
6¶LXV3L&L 0.00 (-) 0.00004 0.00 0.00
Minimum 0.00 (-) 0.00004 0.00 0.00
WLG-3LYRLPºLL 6. Asset Quality
E WVU;EWLG-3L¶LL 6a Non-Performing Assets
ÈKLT.&LTB
(` in Crore)
31.03.2017 31.03.2016 Particulars 31.03.2017 31.03.2016
GPPKL
7.81 % 8.61% i) Net NPAs to Net Advances (%) 7.81 % 8.61%
i. GVPZWGY[&LLTB EI3LRZVL&LTB GVPZWVU;E
WLG-3L¶LLB %
ii) Movement of NPAs (Gross)
ii) WVU;EWLG-3L¶LLTB MEZ
&LTB L7$L Opening balance 55818.33 25694.86
ÈLKG&)LELTL 55818.33 25694.86 Additions during the year 22414.58 42251.80
PL;ETOL4KLVPAG 22414.58 42251.80 Reductions during the year 22862.46 12128.33
PL;ETOL4KLVEFI 22862.46 12128.33 Closing balance 55370.45 55818.33
CG3LLTL 55370.45 55818.33 iii) Movement of Net NPAs
iii) GVPZWVU;EWLG-3L¶LLTB&LTB L7$L Opening balance 35422.56 15396.50
ÈLKG&)LELTL 35422.56 15396.50 Additions during the year 16106.37 24553.78
PL;ETOL4KLVPAG 16106.37 24553.78 Reductions during the year 18826.83 4527.72
PL;ETOL4KLVE&LI 18826.83 4527.72 Closing balance 32702.10 35422.56
CG3LLTL 32702.10 35422.56
iv) Movement of provision for
iv) WVU;E WLG-SLTB ET GZ ÈLPLVLTB FTB NPAs (excluding provisions on
L7D FLVE WLG-SLTB MT M&DG6S Standard assets)
ÈLPLVLTBELT/LT.EK
Opening balance 19854.43 9801.76
ÈLKG&)LELTL 19854.43 9801.76 Provisions made during the 15881.23 18145.19
PL;ETOL4KLVGE Y ÈLPÉLLV MEZ
15881.23 18145.19 year (Gross)
WGSGKºL2 ÈLPLVLTB ELT DËÑT vLST .LZVL! 13692.17 8092.52 Write-off/write back of excess 13692.17 8092.52
JRVKLBEV provision
CG3LLTL 22043.49 19854.43 Closing balance 22043.49 19854.43
145
J[E7IEKLDI
MBLLTGÉLSGOLLGVOT;LLTBETWVRMLK ELT
JRVMBKGQS<LLSLTBTELJ[E7IEKL `ZL<LFTB
¹ JRVMBKQVLELJ[ELK MI.IWLKJGSETWBSY;S M FC;LJRVMBKQVLJGSETWBSY;S W6 ULT.

MB
WLG-SPYI;EKL FLVE WPFLVE MBGO9ÉL HLGV ULT. FLVE WPFLVE MBGO9ÉL HLGV ULT. FLVE WPFLVE MBGO9ÉL HLGV ULT. FLVE WPFLVE MBGO9ÉL HLGV ULT.
GPPKL
41.00 26 16 1 84 119 9 2 0 130 139 16 3 0 158 299 51 21 1 372
GP3SIPL; GLLTBEI
ET MB<L
0 128577.72 1244286.27 267586.46 19468.27 0 1531341.00 2014378.72 814056.94 360714.26 8320.74 3197470.66
WJ[4ZELTJRV DELLKLGL 651952.54 538743.51 338535.15 8320.74 1537551.94 118139.91 7726.97 2710.84
MBKGQS<LLST CMETGZ 107906.38 77375.75 36636.64 0.00 221918.77 16121.70 1886.25 478.00 0 18485.95 131652.41 16954.16 3008.21 0 151614.78 255680.49 96216.16 40122.85 0.00 392019.50
J[LKBG)LEWLBE.T
J[LPÉLLV
GLLTBEI 0.00 0 0 0.00 0 1 10 1 0 12 4 15 2.00 0 21 5 25 3 0 33
PL;ETOL4KLVV MB<L
JRVMBKGQS FL4UXOL DELLKLGL 0.00 8033.66 0.00 0.00 8033.66 3538.42 4083.76 1549.48 0 9171.66 290910.96 11217.87 5625.03 0 307753.86 294449.38 23335.29 7174.51 0.00 324959.18

<LLSLTBFTBLTLFTB 2616.85 0.00 0.00 0.00 2616.85 506.64 416.32 480.60 0 1403.56 33068.65 851.90 2239.19 0 36159.74 36192.14 1268.22 2719.79 0.00 40180.15
WGSGK%SULT.
CMET GZ
J[LPÉLLV
GLLTBEI 0 0 1 -1 0 4 -3 -1 0 0 6 -4 -2 0 0 10 -7 -2 -1 0
GP3SIPL; MB<L
ETOL4KLV DELLKLGL 0.00 0.00 8320.74 -8320.74 0 4859.06 -3614.01 -1245.05 0 0 118012.33 -99724.26 -18288.07 0 0.00 122871.39 -103338.27 -11212.38 -8320.74 0.00

JRVMBKGQSFLVE 0.00 0.00 0.00 0.00 0 812.25 -334.25 -478 0 0 10349.78 -7430.54 -2919.24 0 0.00 11162.03 -7764.79 -3397.24 0.00 0.00
+TLIFTBN6VV CMET GZ
J[LPÉLLV
2 0.00 0.00 0.00 2 38 0.00 0 0 38 69 0 0 0 69 109 0 0 0 109
GP3SPL; GLLTBEI
EIMFLG*SJKJRV MB<L
0.00 0.00 0.00 50804.37 24709.27 0.00 0 0 24709.27 278333.64 0 0 0 278333.64 353847.28 0.00 0.00 0.00 353847.28
146
MBKGQSWGY[FGUV DELLKLGL 50804.37
JKN1QSKJ[LPÉLLV
0.00 0.00 0.00 7803.55 2248.49 0.00 0 0 2248.49 24313.27 0 0 0 24313.27 34365.31 0.00 0.00 0.00 34365.31
HLTVLH4WL4K!W'LPL CMETGZ 7803.55
WLYTMTWYZTGP3S J[LPÉLLV
PL;ETWLKB)LFTB
JRVMBKGQSFLVE
WGY[FLTBELTJ[OGL;S
EKVLWLPE
VHIBH4"
GLLTBEI 14 3 -19 0 -2 35 -34 -2.00 0 -1 22 -19 -3 0 0 71 -50 -24 0 -3
GP3SIPL; MB<L
ETOL4KLV DELLKLGL 255873.17 67196.34 -329536.38 0 -6466.87 36043.60 -34534.09 -2186.20 0 -676.69 215030.09 -151335.97 -63694.12 0 0.00 506946.86 -118673.72 -395416.70 0.00 -7143.56

JRVMBKGQSDLSLTB 47518.50 -4561.85 -43038.46 0 -81.81 6469.72 -5718.35 -751.37 0 0 39017.85 -37324.14 -1693.71 0 0.00 93006.07 -47604.34 -45483.54 0.00 -81.81
EIWPVGS CMETGZ
J[LPÉLLV
1 15 10 0 26 6 35 1 0 42 10 30 1 0 41 17 80 12 0 109
GP3SIPL; GLLTBEI
ETOL4KLV MB < L
0 581055.44 5016.69 36875.06 379.78 0 42271.53 321152.99 316825.00 3439.26 0 641417.25 377673.11 738371.09 148700.02 0.00 1264744.22
JRVMBKGQS<LLSLTB DELLKLGL 51503.43 384671.03 144880.98
ELD7_7L!DBOI! CMETGZ 2768.33 66404.92 26126.42 0 95299.67 312.88 6467.13 288.33 0 7068.34 22487.62 46464.57 279.06 0 69231.25 25568.83 119336.62 26693.81 0.00 171599.26
PMXZI!MFLG*S J[LPÉLLV
GLLTBEI 24.00 8.00 26.00 0.00 58.00 45.00 15.00 3.00 0.00 63 48 16 5 0 69 117 39 34 0 190
GP3SIPL;EI MB<L
FLQ;>ELTJRV DELLKLGL 293771.57 94909.80 531511.29 0.00 920192.66 60767.83 5855.75 4821.69 0.00 71445.27 838692.84 13591.04 67060.09 0 919343.97 1193232.24 114356.59 603393.07 0.00 1910981.90

MBKGQS<LLST CGS 52432.85 15532.68 53548.68 0.00 121514.21 8409.50 1219.54 943.64 0.00 10572.68 89252.10 1235.09 3742.81 0 94230.00 150094.45 17987.31 58235.13 0.00 226316.89
LTLWLBE.T
CMETGZ
J[LPÉLLV
Disclosure 6b
Disclosure of Restructured Accounts (As on 31.03.2017) as per revised guidelines
(` in Lacs')
Sl. Type of Restructuring -> Under CDR Mechanism Under SME Debt Restructuring Mechanism Others Total
No
Asset Classification -> Standard Sub- Doubtful Loss Total Standard Sub- Doubtful Loss Total Standard Sub- Doubtful Loss Total Standard Sub- Doubtful Loss Total
Standard Standard Standard Standard
Details
No. of 41.00 26 16 1 84 119 9 2 0 130 139 16 3 0 158 299 51 21 1 372
borrowers
Restructured Accounts
as on April 1 of the
1
FY 2016-17(Opening Amount 651952.54 538743.51 338535.15 8320.74 1537551.94 118139.91 7726.97 2710.84 0 128577.72 1244286.27 267586.46 19468.27 0 1531341.00 2014378.72 814056.94 360714.26 8320.74 3197470.66
figures) outstanding
Provision 107906.38 77375.75 36636.64 0.00 221918.77 16121.70 1886.25 478.00 0 18485.95 131652.41 16954.16 3008.21 0 151614.78 255680.49 96216.16 40122.85 0.00 392019.50
thereon
No. of 0.00 0 0 0.00 0 1 10 1 0 12 4 15 2.00 0 21 5 25 3 0 33
borrowers
Fresh restructuring
during the year (plus
2
addition in o/s in existing Amount 0.00 8033.66 0.00 0.00 8033.66 3538.42 4083.76 1549.48 0 9171.66 290910.96 11217.87 5625.03 0 307753.86 294449.38 23335.29 7174.51 0.00 324959.18
a/cs) outstanding
Provision 2616.85 0.00 0.00 0.00 2616.85 506.64 416.32 480.60 0 1403.56 33068.65 851.90 2239.19 0 36159.74 36192.14 1268.22 2719.79 0.00 40180.15
thereon
No. of 0 0 1 -1 0 4 -3 -1 0 0 6 -4 -2 0 0 10 -7 -2 -1 0
borrowers
Upgradations to
restructured standard
3
category during the Amount 0.00 0.00 8320.74 -8320.74 0 4859.06 -3614.01 -1245.05 0 0 118012.33 -99724.26 -18288.07 0 0.00 122871.39 -103338.27 -11212.38 -8320.74 0.00
FY16-17 outstanding
Provision 0.00 0.00 0.00 0.00 0 812.25 -334.25 -478 0 0 10349.78 -7430.54 -2919.24 0 0.00 11162.03 -7764.79 -3397.24 0.00 0.00
thereon
No. of 2 0.00 0.00 0.00 2 38 0.00 0 0 38 69 0 0 0 69 109 0 0 0 109
borrowers
147
Restructured standard
advances which cease to
attract higher provisioning
and / or additional risk
4 weight at the end of the FY
16-17 and hence need
not be shown restructured
standard advances at the
Amount 50804.37 0.00 0.00 0.00 50804.37 24709.27 0.00 0 0 24709.27 278333.64 0 0 0 278333.64 353847.28 0.00 0.00 0.00 353847.28
beginning of the next FY
outstanding
Provision 7803.55 0.00 0.00 0.00 7803.55 2248.49 0.00 0 0 2248.49 24313.27 0 0 0 24313.27 34365.31 0.00 0.00 0.00 34365.31
thereon
No. of 14 3 -19 0 -2 35 -34 -2.00 0 -1 22 -19 -3 0 0 71 -50 -24 0 -3
borrowers
Downgradations of
5 restructured accounts Amount 255873.17 67196.34 -329536.38 0 -6466.87 36043.60 -34534.09 -2186.20 0 -676.69 215030.09 -151335.97 -63694.12 0 0.00 506946.86 -118673.72 -395416.70 0.00 -7143.56
during the FY-16-17 outstanding
Provision 47518.50 -4561.85 -43038.46 0 -81.81 6469.72 -5718.35 -751.37 0 0 39017.85 -37324.14 -1693.71 0 0.00 93006.07 -47604.34 -45483.54 0.00 -81.81
thereon
No. of 1 15 10 0 26 6 35 1 0 42 10 30 1 0 41 17 80 12 0 109
borrowers
Write-offs /Closure/
recovery/exit of
6
restructured accounts Amount 51503.43 384671.03 144880.98 0 581055.44 5016.69 36875.06 379.78 0 42271.53 321152.99 316825.00 3439.26 0 641417.25 377673.11 738371.09 148700.02 0.00 1264744.22
during the FY16-17 outstanding
Provision 2768.33 66404.92 26126.42 0 95299.67 312.88 6467.13 288.33 0 7068.34 22487.62 46464.57 279.06 0 69231.25 25568.83 119336.62 26693.81 0.00 171599.26
thereon
No. of 24.00 8.00 26.00 0.00 58.00 45.00 15.00 3.00 0.00 63 48 16 5 0 69 117 39 34 0 190
borrowers
ANNUAL REPORT
QMHM<FHLKMU8<
Restructured Acounts as
7 on 31.03.2017 of the FY Amount 293771.57 94909.80 531511.29 0.00 920192.66 60767.83 5855.75 4821.69 0.00 71445.27 838692.84 13591.04 67060.09 0 919343.97 1193232.24 114356.59 603393.07 0.00 1910981.90
(closing figures) outstanding
Provision 52432.85 15532.68 53548.68 0.00 121514.21 8409.50 1219.54 943.64 0.00 10572.68 89252.10 1235.09 3742.81 0 94230.00 150094.45 17987.31 58235.13 0.00 226316.89
thereon
2016-17
6c. 6c.
6c (i). ELTSVLPY[-SWG-SLTBELT M
EIMBKQVL 6c (i). Disclosures on the Scheme for Sustainable
Structuring of Stressed Assets (S4A), as on
ETGZ LTUVLJKJ[E7IEKL
31.03.2017
ÈKLT.&LTB
(` in Crore)
vLSLTBEIMB<L ERZDELLKLGL ÈLPLV No. of accounts Amount Provision
UHLB M ZLYX )LLY FTB )LLYDIFTB where S4A has outstanding Held
GELYLH4 been applied In Part A In Part B
-74B..;ETJFTB 03 392.78 349.58 147.66 Classified as 03 392.78 349.58 147.66
PYI;²S Standard
VJI ETJFTB 0 0.00 0.00 .0.00 Classified as NPA 0 0.00 0.00 .0.00
PYI;²S
LTY 03 392.78 349.58 147.66 TOTAL 03 392.78 349.58 147.66
Y(ii) KLVIGSELJRVM;BKQVLLTUVLJKÈE7IEKL vLST 6c (ii) . Disclosures on Strategic Debt Restructuring Scheme

(accounts which are currently under the stand-still
ULTPS;FLVFTBG-'LKWPGETWBSY;SH4B
period)
ÈKLT.&LTB
(` in Crore)
vLSLTBEI GKJLTG7;BYGSG'LELT vLSTUHLBLEL-'LLV vLSTUHLBLEL-'LLV No. of Amount outstanding as Amount outstanding Amount outstanding as
MB<LUHLB DELLKLGL CG%P7IVTGZLH4>ET CG%P7IVTGZLH4>ET accounts on the reporting date as on the reporting on the reporting date
M.IWLK where SDR date with respect with respect to accounts
ML'LGKJLTG7;BYGSG'LELT ML'LGKJLTG7;BYGSG'LELT has been to accounts where where conversion of
CBPLTEEI
YC;H4 DELLKLGL DELLKLGL invoked conversion of debt to debt to equity has been
equity is pending taken place
-74B..;ET VJI -74B..;ET VJI -74B..;ET VJI Classified Classified Classified Classified Classified Classified
as as NPA as Standard as NPA as as NPA
JFTB ETJFTB JFTB ETJFTB JFTB ETJFTB
Standard Standard
PYI;²S PYI;²S PYI;²S PYI;²S PYI;²S PYI;²S
17 3647.05 839.24 1017.91 0.00 2629.14 839.24 17 3647.05 839.24 1017.91 0.00 2629.14 839.24
Y(iii) DLÂ-PLGF3PKLVIGSELJRVM;KB QVLLTUVLFTB JGKPS;VJK 6c (iii). Disclosures on Change in ownership outside

ÈE7IEKL vLSTULTPS;FLVFTB G-'LKWPGETWBSY;SH4
B Strategic Debt Restructuring Scheme ( accounts
which are currently under the stand-still period)
ÈKLT.&LTB
(` in Crore)
vLSLTBEI GKJLTG7;BYGSG'LELT vLSTUHLBL vLSTUHLBL vLSTUHLB-PLGF3P No. of Amount outstanding as Amount outstanding Amount outstanding Amount outstanding
MB<LUHLB DELLKLGL MTCG%P7ILTK MTCG%P7ILTK FTBV LTKLTBL accounts on the reporting date as on the reporting as on the reporting as on the reporting
D4BEVT where date with respect date with respect date with respect
ETDBECG%P7I! ETDBECG%P7I! ÈPS;ELTBETCG%P7I
-PLGF3P banks have to accounts where to accounts where to accounts where
CBPLTETLVZBGDSH4B> CBPLTETLVEL-'LLV EIGD¹IMT decided conversion of debt to conversion of debt change in ownership
FTBJGKPS;V ETMBDBFTBGKJLTG7;BY GZLH4>ETMBDB JGKPS;VHRWLH4> to effect equity/invocation of to equity/invocation is envisaged by
EKVTEL GSG'LELTDELL FTBGKJLTG7;BYGSG'LELT PHLBGKJLTG7;BYGSG'L change in pledge of equity shares of pledge of equity issuance of fresh
GVL; KLGL DELLKLGL ELTDELLKLGL ownership is pending shares has taken shares or sale of
GZLH4" place promoters equity
-74B..;ET VJI -74B..;ET VJI -74B..; VJI -74B..; VJI Classified Classified Classified Classified Classified Classified Classified Classified
JFTB ET JFTB ET ET ETJFTB ET ET as as NPA as as NPA as as NPA as as NPA
Standard Standard Standard Standard
PYI;²S JFTB PYI;²S JFTB JFTB PYI;²S JFTB JFTB
PYI;²S PYI;²S PYI;²S PYI;²S PYI;²S
LX6 LX6 LX6 LX6 LX6 LX6 LX6 LX6 LX6 NIL NIL NIL NIL NIL NIL NIL NIL NIL
Y(iv)ELT FL4UXOLLMT J2ZTG%MDZMBKQVLET WLPOTV 6c (iv). Disclosures on application of Flexible Structuring to

Existing Loans as on 31.03.2017.
JKÈE7IEKL
(` in Crore)
ÈKLT.&LTB
WPG ¾Z4G%MDZ J2Z4G%MDZMBKQVLETGZ ¾Z4G%MDZMBKQVLETGZ ZI Period No. of Amount of loans Exposure weighted average
MBKQVLFTBGZ ZIYC;LEIKLGL YC;LEI %MJLTUK)LLGKS borrowers taken up for flexible duration of loans taken up for
taken up structuring flexible structuring
Y NÉLLKESL;WLTB WL4MSWPG for flexibly
EIMB<L Classified Classified Before applying After applying
-74B..;ET VJI ¾Z4GMDZ ¾Z4GMDZ structuring as as NPA flexible flexible
JFTB ETJFTB MBKQVLZLYX MBKQVLZLYX Standard structuring structuring
PYI;²S PYI;²S EKVTMTJXP; EKVTMTDLO Previous
GJ/ZLGP3SI Financial 15 4011.71 2983.39 8.28 18.52
PL; 15 4011.71 2983.39 8.28 18.52 Year
PS;FLVGP3SI Current
10 2333.59 0.00 9.56 18.80 Financial 10 2333.59 0.00 9.56 18.80
PL; WÈ4ZMT Year (From
MTFLQ; April 2016 to
SE
March 2017)
148
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Y(v) ZLYXEKL ET WBSY;S -PLGF3P JGKLTUVLWLTB FTB JGKPS;V 6c (v). Disclosures on Change in Ownership of Projects
JKÈE7IEKL vLSTULTPS;FLVFTBG-'LKWPGETWBSY;S Under Implementation (accounts which are currently
H4B
under the stand-still period)
(` in Crore)
ÈKLT.&LTB
JGKLTUVL L vLSLTB GKJLTG7;BYGSG'LELTDELLKLGL No. of project Amount outstanding as on the reporting date
EI MB<L UHLB D4BE -74B..;ETJFTB -74B..;JRVM;BKQVLET VJI ETJFTB loan accounts Classified as Classified Classified as NPA
where banks Standard as Standard
VT-PLGF3PFTBJGKPS;V PYI;²S JFTBPYI;²S PYI;²S have decided to
ELGVL;GZLH4 restructured
effect change in
ownership
01 0.00 32.41 0.00 01 0.00 32.41 0.00
Y(vi) VJIETGZ MT7PYI;EKLPJ[LPLVLTBFTB.LPKUBM– (ref 6 c (vi) Divergence in Asset Classification and Provisioning
DBR.BP.BC.No. 63/21.04.018/2016-17 GOVLBE
for NPAs – (ref DBR.BP.BC.No. 63/21.04.018/2016-17
dated April 18, 2017)
)
(` in Crore)
ÈKLT.&LTB
¹F GPPKL KLGL Sr. Particulars Amount

MB
1. Gross NPAs as on March 31, 2016 as reported by 55818.33
1. D4BE^LKLGKJLT7;GE Y ETMEZ VJI 55818.33
the Bank
2. Gross NPAs as on March 31, 2016 as assessed 55955.86
2. WLKDIWLC;^LKL MT-.GE Y ETMEZ VJI 55955.86 by RBI
3. Divergence in Gross NPAs (2-1) 137.53
3. MEZ VJI
FTB.LPKUBM 137.53
4. Net NPAs as on March 31, 2016 as reported by 35422.56
4. D4BE^LKLGKJLT7;GE Y ETLR VJI 35422.56 the Bank
5. Net NPAs as on March 31, 2016 as assessed by 34799.53
5. WLKDIWLC;^LKL MT-.GE Y ETLR VJI 34799.53 RBI
6. Divergence in Net NPAs (5-4) -623.03
6. LR VJI
FTB.LPKUBM -623.03
7. Provisions for NPAs as on March 31, 2016 as 19854.43
7. D4BE^LKLGKJLT7;GE Y ET VJI ETGZ J[LPLV 19854.43 reported by the Bank
8. Provisions for NPAs as on March 31, 2016 as 20614.99
8. WLKDIWLC;^LKL MT-.GE Y ET VJI ETGZ J[LPLV 20614.99 assessed by RBI
9. Divergence in Provisioning (8-7) 760.56
9. J[LPLVLTBFTB
FTB.LPKUBM 760.56
10. Reported Net Profit after Tax (PAT) for the year -3974.39
10. ELTMFL*SPL;ETGZ EKETJQLSLRZL)LGKJLT7;GEL -3974.39 ended March 31, 2016
YL"
11. Adjusted (notional) Net Profit after Tax (PAT) for -4734.95
11. J[LPLVLTBFTB.LPKUBMELTÉLVFTBK<LVTETJQLSELTMFL*S -4734.95 the year ended March 31, 2016 after taking into
PL;ETGZ EKETJQLSLRZL)L EL:JGVE
ELMFLLTUV account the divergence in provisioning
L WLG-SLTB EI JRVMBKQVL HTSR ÈGS)LXGSEKL ! JRV MBKQVL 6d. Details of financial assets sold to Securitisation/
E&JVIELTDTQIYC;GPºLIWLG-SLTBEL$L4KL Reconstruction Company (SC/RC) for Asset
Reconstruction.
GDG¹LTBEL$L4KL
A. Details of Sales.
ÈKLT.&LTB
(` in Crore)
1. <LL3LLTBEIMB<¶LL 23 15 1. No. of Accounts 23 15
2. MMI ! WLKMI ELT DTQT Y vLSLTB EL ERZ FX: 631.03 734.06 2. Aggregate value (net of provisions) of accounts 631.03 734.06
ÈLPLVLTBELLR
sold to SC/RC
3. ERZÈG3LJ2ZKLGL 1336.21 1180.11 3. Aggregate consideration 1336.21 1180.11

4. GJ/ZTPLLT PS;FLVGPºLIPL;ETOL4KLV 1.24 -14.94 4. Additional consideration realized in respect of 1.24 -14.94
W'LL;SMT
FTBWBSGKSGE accounts transferred in earlier years (During
current financial year 2016-17 i.e. from
Y vLSLTB ET M&D6 FTB ÈL*S WGSGKºL2 ÈGSJ2Z 01.04.2016 to 31.03.2017)
KLGL
149
5. GVPZ $LHI
&LX:¶L EI 3LRZVL &LTB ERZ ZL)L 705.17 446.05 5. Aggregate gain/loss over net book value(3-2) 705.17 446.05
!HLGV
5.1 VDIPIJKHLGV UHL FX:ET GZ GD¹I VDIPI -52.31 52.28 5.1 Loss over NBV (where sale is for value below -52.31 52.28
MTEFHLT
NBV)
5.2 VDIPIJKZL)L UHLFX:ETGZ GD¹I VDIPI 757.48 498.33 5.2 Gain over NBV (where sale is for value above 757.48 498.33
MTWGÉLEHLT
NBV)
DI ÈGS)LXGSKMIOFTBGVPTLLTBEIDHIFX:EL$L4KL B. Details of Book Value of Investments in Security Receipts.

ÈKLT.&LTB
(` in Crore)
(i) D4BE^LKLWB.KZLC;BYET SL4KJKDTQT Y VJI ET 1829.99 891.71 (i) Backed by NPAs sold by the bank as underlying 1829.99 891.71
^LKLMHLSL
(ii) W6D4BE!GPºLIMB-'LLV!Y4KD4BGEBYGPºLIE&JGVL LX6¶L LX6¶L (ii) Backed by NPAs sold by other banks / financial NIL NIL
^LKL WB.KZLC;BY ET SL4K JK DTQT Y VJI ET institution / non banking financial companies as
^LKLMHLSL underlying
L <LKIOIY¶LI!$LTQIY¶LIWVU;EGPºLI¶LWLG-3L¶LLTBET$¶LL4KT 6e. Details of non-performing financial assets purchased/

sold from / to other banks.
E <LKIOIY¶LIWVU;EGPºLI¶LWLG-3L¶LLTBET$¶LL4KT A. Details of non-performing financial assets purchased:
ÈKLT.&LTB
(` in Crore)
1 E
PL;ETOL4KLV<LKIOTY <LL3LLTBEIMB<¶LL LX6¶L LX6¶L 1 (a) No. of accounts purchased during the period NIL NIL
<L
ERZ$LEL¶LL LX6¶L LX6¶L (b) Aggregate outstanding NIL NIL
2 E
CVFTBMTPL; MT
ET LX6¶L LX6¶L 2 (a) Of these, number of accounts restructured NIL NIL
OL4KLVJRVMBKGQSvLSLTBEIMB<L during the period i.e. 01.04.2016 to 31.03.2017
<L
ERZ$LEL¶LL LX6¶L LX6¶L (b) Aggregate outstanding NIL NIL
<L WVU;EGPºLI¶LWLG-3L¶LLTBEIGD¹IEL$¶LL4KL B. Details of non-performing financial assets sold :

ÈKLT.&LTB
(` in Crore)
WPGÉLETOL4KLV$LTQTY <LL3LLTBEIMB<¶LL LX6¶L LX6¶L 1 No. of accounts sold during the period Nil NIL
ERZ$LEL¶LL LX6¶L LX6¶L 2 Aggregate outstanding Nil NIL
ERZÈL*3LÈG3L¾2Z LX6¶L LX6¶L 3 Aggregate consideration received Nil NIL
¥&LLVEWLG-3L¶LLTBM&$L6ÉLIÈLPÉLLV 6f. Provisions on Standard Assets
ÈKLT.&LTB
(` in Crore)
Particulars 31.03.2017 31.03.2016
GPPKL 31.03.2017 31.03.2016
Cumulative Balance (included under “Other 3354.88 2916.00
MBQILTL SRZVJLEIWVRMQ
X IFTB ??W6OTSL BWL4K 3354.88 2916.00 Liabilities & Provisions” in Schedule 5 to the
ÈLPÉLLVETW6SY;SMG&FGZS
balance sheet)
ELKLT$LLKIWVR*LL3L 7. Business Ratios
i. EL¶L;ELKIGVGÉL¶LLTBETÈG3LL3LET*L&LTB$¶LLUWL¶L 6.74 % 7.28% i. Interest Income as a percentage to Working Funds 6.74 % 7.28%
ii. EL¶L;ELKI GVGÉL¶LLTB ET ÈG3LL3L ET *L &LTB Y4K $¶LLU 1.28 % 1.06% ii. Non-Interest Income as a percentage to Working 1.28 % 1.06%
Funds
WL¶L
iii. Operating profit as a percentage to Working Funds 2.08 % 1.88%
iii. EL¶L;LIZGVGÉL¶LLTB ETÈG3LL3LET*L&LTB *LGKQLZVZL)L 2.08 % 1.88%
iv. Return on Assets 0.19 % -0.61%
iv. WLG-3L¶LLTBJKÈG3L¾2Z 0.19 % -0.61%
v. Business (Deposits plus advances) per employee 14.17 13.59
v. ÈG3L E&L;QLKI ELKLT$LLK U&LL 3L'LL WGY[&L
14.17 13.59
(` in Crores)
ÈKLT.&LTB
vi. Profit per employee (` in Crores) 0.02 -0.06

vi. ÈG3LE&L;QLKIZL)L ÈKLT.&LTB
0.02 -0.06
Note: Working Funds are based on Monthly Average.
VLT7EL¶L;ELKIGVGÉL¶LL&LLGMEWL4M3L*LKWLÉLLGK3LH4B"
150
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WLG-SOTSLJ[DBV 8. Asset Liability Management
WLG-SLTBPOTSLWLTBEIER/FOLTBELJGKJ%PSLJ47V; Maturity Pattern of certain item of Assets and Liabilities
ÈKLT.&LTB
(` in Crore)
*LGK*L%P3LL UFLKLGLLB WGY[F GVPTL NLK GPOTLIFRÇL GPOTLIFRÇL Maturity Deposits Advances Investments Borrowings Foreign Foreign
Pattern (gross) Currency Currency
-P*L MEZ
WLG-SLB OTSL B Assets Liabilities
WLYL&LI 8195.41 10899.88 0.00 334.30 2048.11 993.36 8195.41 10899.88 0.00 334.30 2048.11 993.36
Next day
GOV (6338.65) (9444.69) (0.63) (107134.19) (4280.08) (1330.49) (6338.65) (9444.69) (0.63) (107134.19) (4280.08) (1330.49)
12842.71 9035.95 0.00 2.31 2365.13 3633.04 2 days- 12842.71 9035.95 0.00 2.31 2365.13 3633.04
GOV
7days (10566.90) (9303.56) (1213.89) (-88328.15) (2845.08) (2162.45)
GOV (10566.90) (9303.56) (1213.89) (-88328.15) (2845.08) (2162.45)
8397.84 5928.24 99.99 0.18 1811.49 543.95 8397.84 5928.24 99.99 0.18 1811.49 543.95
GOV 8-14 days
(9992.80) (6683.39) (552.82) (1164.87) (7520.57) (1801.37) (9992.80) (6683.39) (552.82) (1164.87) (7520.57) (1801.37)
12164.72 15988.52 746.60 1751.70 6774.67 6610.50 15-30 12164.72 15988.52 746.60 1751.70 6774.67 6610.50

days (13111.28) (9226.02) (1487.19) (1757.29) (6284.93) (7330.92)
GOV (13111.28) (9226.02) (1487.19) (1757.29) (6284.93) (7330.92)
27378.67 6562.41 879.32 4417.89 13169.13 18702.33 31 days 27378.67 6562.41 879.32 4417.89 13169.13 18702.33
GOV to 2
&LHIVT (17818.88) (50079.63) (3711.01) (6656.77) (17372.55) (14484.89) months (17818.88) (50079.63) (3711.01) (6656.77) (17372.55) (14484.89)
16254.47 11618.37 4021.48 4530.92 11571.29 10471.17 16254.47 11618.37 4021.48 4530.92 11571.29 10471.17
&LHIVT
MTWGÉLE Over 2 to
3L'LL 3 months
&LHIVT (21170.40) * * * * * (21170.40) * * * * *
3LE
44697.90 8651.13 4108.48 6206.96 19942.88 24272.67 44697.90 8651.13 4108.48 6206.96 19942.88 24272.67
FHIVT
MTWGE Over 3
S'LL Months to
(39636.15) (28361.20) (3128.55) (3713.24) (12314.55) (13523.64) (39636.15) (28361.20) (3128.55) (3713.24) (12314.55) (13523.64)
6 months
FHIVT
SE
FHIVT 53686.66 32215.26 4332.76 1664.03 18117.09 11395.93 53686.66 32215.26 4332.76 1664.03 18117.09 11395.93
Over 6
MTWGE Months to
S'LL (51101.10) (32667.44) (3815.42) (6732.89) (19631.32) (19413.36) 1 year (51101.10) (32667.44) (3815.42) (6732.89) (19631.32) (19413.36)
PL;SE
PL;MT 254178.25 210659.85 26255.47 1843.60 3785.31 4038.83 254178.25 210659.85 26255.47 1843.60 3785.31 4038.83
Over 1
WGE Year to 3
S'LL (217458.26) (189721.13) (22221.51) (2229.83) (4412.47) (1657.72) Years (217458.26) (189721.13) (22221.51) (2229.83) (4412.47) (1657.72)
PL;SE
PL;MT 7531.90 38439.68 21742.06 330.18 4045.58 2552.80 Over 3 7531.90 38439.68 21742.06 330.18 4045.58 2552.80
WGE Years to 5
(6835.16) (28443.96) (21657.39) (761.67) (2865.81) (1933.20) Years (6835.16) (28443.96) (21657.39) (761.67) (2865.81) (1933.20)
PL;SE
176375.49 69493.86 125951.89 19681.26 1662.32 2078.42 Over 5 176375.49 69493.86 125951.89 19681.26 1662.32 2078.42
PL;MT
Years (159021.55) (48394.78) (101018.11) (17932.64) (363.46) (2127.81)
WGE (159021.55) (48394.78) (101018.11) (17932.64) (363.46) (2127.81)
621704.02 419493.15 188138.05 40763.33 85293.00 85293.00 621704.02 419493.15 188138.05 40763.33 85293.00 85293.00
ULT. Total
(553051.13) (412325.80) (158806.53) (59755.24) (77890.82) (65765.85) (553051.13) (412325.80) (158806.53) (59755.24) (77890.82) (65765.85)

" (Figures in brackets relate to previous year).
*JXP;FTBHWLBE.TGOVLTBMTFHIVTETWBSY;SLLGFZGE Y 'LT" *In previous, these figures were included under the bucket 29 days to 3 months.
%M*LLTuLK 9. Exposures:

E -'LLPKMB*LOL\LTLELTL 9a. Exposure to Real Estate Sector :
ÈKLT.&LTB
(₹ in Crore)
+TLI 31.03.2017 31.03.2016 Category 31.03.2017 31.03.2016
W
È3¶L\L %MJLTUK (A) Direct Exposure
i. WLPLMI¶LM&*LGºL$LBÉLE 46939.77 40794.03 i. Residential Mortgages – 46939.77 40794.03
WLPLMIM&JGºL>ULTLI^LKLWGÉLELKFTB ZI Lending fully secured by mortgages
YC;H4LZIULTYILGEKLTJKOIYC;H4> on residential property that is or will
D6E^LKLJXL;SÈGS)LXSL be occupied by the borrower or that
ELT ZLvJT SEET JT is rented (individual housing loans up
EKLT. ETS'LLELTJTZLv to ` 20 lakh - ` 17171.30 crore as on
SE ET JT EKLT. ET P4GºL2E 31.03.2017 and individual housing
WLPLMILLLGFZH4
B loans up to ` 20 lakh - ` 15825.28
crore as 31.03.2016).
151
ii. PLGLG5¶LE -'LLPK MB*LOL Y4K GVGÉL 11804.01 13916.00 ii. Commercial Real Estate – including 11804.01 13916.00
WLÉLLGK3LMI&LLWLTB MGH3LTLPLGLG5E NFB Limits Lending secured by
-'LLPK MBJOL JK DBE ET MAUV ^LKL mortgages on Commercial Real
MRKG\LS GE ULTYB T CVFTB ELL;Z EL Estates (office buildings, retail space,
)LPV>vROKLELKLTDLKEL-'LLV>DHRNËÓT LI multi-purpose commercial premises,
PLGLG5EJGKMK>WL4]LTGYEW'LPLYLTOLF industrial or warehouse space,
EL-'LLV>)LXGF>NMJKGELYLGPELM land acquisition, development and
WL4KGVFL;LWLGOLLGFZHLTYB "T
construction etc.)
iii. DBEMFG'L;SÈGS)LXGSLTB FDI M
WL4KW6ÈGS)LXS %-JLTUKFTB iii. Investments in Mortgaged Backed Securities (MBS) and
GVPTL other securitized exposures -
E
WLPLMI¶L 0.00 0.00 (a) - Residential 0.00 0.00
<L
PLGLG5¶LE-'LLPKMB*LOL 0.00 0.00 (b) - Commercial Real Estate 0.00 0.00
WL
WÈ3¶L\L %M*LLTuLK (B) Indirect Exposure
KL7IWLPLMD4BE V QDI
WL4K 14291.68 15285.79 FB & NFB Exposure to National 14291.68 15285.79
WLPLMGP3SE&JGVL8B Q J2MI
Housing Bank (NHB) & Housing
HTSR J2DI V J2DI %MJLTUK Finance Companies (HFCs)
31.03.2017 31.03.2016 31.03.2017 31.03.2016
` 9245.41 EKLT. ` 8970.85 EKLT. ` 9245.41 cr ` 8970.85 cr
$L4BE^LKLWLPLME&*LGV¶LLTB PBEL8*LLT;KTLV Investments made by the Bank in

&LTBGVPTLGE¶LLY¶LL Housing Companies & Corporations.
31.03.2017 31.03.2016 31.03.2017 31.03.2016
` 5046.27 EKLT. ` 6314.94 EKLT. ` 5046.27 cr ` 6314.94 cr
-'LLPKMBJOL\LTLELTERZL 73035.46 69995.82 Total Exposure to Real Estate Sector 73035.46 69995.82
<L*LXUI$LLuLLKELT %MJLTUK 9b. Exposure to Capital Market
ÈKLT.&LTB
(` in Crore)
GPPKL 31.03.2017 31.03.2016
Particulars 31.03.2017 31.03.2016
1. CG%P7I LTKLTB> JGKPS;VI DBJLLTB> JGKPS;VI 3972.11 4149.68
1. Direct investment in equity shares, 3972.11 4149.68
LJLLTBWL4KCG%P7IN6FRv&XQRWZJ2B.LTBET convertible bonds, convertible debentures
XGV7LTBFTBÈ3\LGVPTLULTGVYGFSLEIFXZ and units of equity oriented mutual funds
GVGFTBHI EFLLGVPTLVHIBH4" the corpus of which is not exclusively
invested in corporate debt.
2. LTKLTB WLC;JIWLT! C; MWLTJI MG&FGZS H4B
2.40 3.60
2. Advances against shares/bonds/debentures 2.40 3.60
JGKPS;VIDBJLLTB>JGKPS;VILJLLTBWL4K or other securities or on clean basis
CG%P7IN6FRv&XQRWZJ2B.LTB FTB GVPTLET to individuals for investment in shares
GZ 0G7LTB ELT LTKLTB! DB JLLTB! L (including IPOs/ESOPs) convertible bonds,
JLLTB LW6ÈGS)LXGSLTB EIÈGS)LXGSJKL convertible debentures, and units of equity
oriented mutual funds.
WÈGS)LXSWGY[F"
3. GEMIW6ÈLTUVETGZ WGY[FUHLBLTKLTB 369.01 396.67
3. Advances for any other purposes where 369.01 396.67
LJGKPS;VIDBJLLTBLJGKPS;VILJLLTB shares or convertible bonds or convertible
LCG%P7IN6FRv&XQRWZJ2B.LTBETXGV7LTBELT debentures or units of equity oriented
ÈL'LGFEÈGS)LXGSETJFTBKvLYLHLT" mutual funds are taken as primary security.
4. GEMIW6ÈLTUVETGZ WGY[FUHLBLTKLTB 450.19 1016.97
4. Advances for any other purposes to the 450.19 1016.97
L JGKPS;VI DLB.> JGKPS;VI G.DTBQK WL4K extent secured by the collateral security of
CG%P7I N6FRv &XQRWZ J2B.LTB ET XGV7LTB EI shares or convertible bonds or convertible
M&JLGP;E ÈGS)LXGS SE ÈGS)LXGS OI YC; HLT debentures or units of equity oriented
W'LL;S_UHLJGKPS;VIDL8.!JGKPS;VIL mutual funds i.e. where the primary security
JLLTB!CG%P7IN6FRv&XQRWZJ2B.LTBETXGV7LTB other than shares/convertible bonds/
convertible debentures/units of equity
MTG)L6VÈL'LGFEÈGS)LXGSWGY[FLTBELTJXKISKH oriented mutual funds does not fully cover
EPKVHIBEKSIH4B" the advances.
5. -7L8ED[LTEKLTBELTÈGS)LXSS'LLWÈGS)LXSWGY[F 355.95 459.61
5. Secured and unsecured advances to stock 355.95 459.61
WL4K-7L8ED[LTEKLTB S'LLFLE;T7FTEKLTB EIWLTK brokers and guarantees issued on behalf of
MTOIYC;YLKBG7L stock brokers and market makers.
152
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
6. MBMLVLTB ETDVT EIMB)LLPVLFTB VIE&JGVLTB LX6 LX6 6. Loans sanctioned to corporate against NIL NIL
EI CG%P7I ET ÈGS ÈPS;ELTB ET WBL ELT JXKL the security of shares/bonds/debentures
or other securities or on clean basis for
EKVT ET GZ LTKLT!B DL8.LT!B LJLLTB LW6 meeting promoter’s contribution to the equity
ÈGS)LXGSLTB EIÈGS)LXGSJKLGDVLÈGS)LXGSET of new companies in anticipation of raising
GVYGFSMB-'LLWLTB ELT-PI²SGELYLL resources.
7. MB)LLGPS CG%P7I ÈPLHLTB! GVY;FLTB ET ÈGS LX6 LX6 7. Bridge loans to companies against expected NIL NIL
E&JGVLTBELTJXKEL equity flows/issues.
8. LTKLTB L JGKPS;VI DB JLLTB L JGKPS;VI LX6 LX6 8. Underwriting commitments taken up by the NIL NIL
LJLLTBLCG%P7IN6FRv&XQRWZJ2B.LTBET banks in respect of primary issue of shares or
XGV7LTBETÈLCFKICXETM&D6FTBD4BELTB^LKL convertible bonds or convertible debentures
HLFIOLKIÈGSDSL B or units of equity oriented mutual funds.
9. &LLUV7T.YETGZ -7L8ED[LTEKLTBELTGPºL LX6 LX6 9. Financing to stock brokers for margin NIL NIL
trading
10. N]FJXUIGVGLTB JBUI²SWL4KY4KJBUI²S 263.91 331.22 10. All exposures to Venture Capital funds (both 263.91 331.22
OLTVLTB
ELTMF-SL registered and unregistered)
11. &X1LRWZ¾2B.ELTWGY[&L 4250.66 2451.35 11. Advances to Mutual Funds 4250.66 2451.35
*LXUI$LLuLLKELTERZ %MJLTUK 9664.23 8809.10 Total Exposure to Capital Market 9664.23 8809.10
Y ULTG<L&L+TLIPLKOTLM&$L6ÉLI %M*LLTUK 9c. Risk Category wise Country Exposure

Total Net Funded Exposure as on 31.03.2017 is
ELT ERZ GVPZ GVG %MJLTUK ` 45931.04 Crores. Total assets of the bank as on
EKLT.H4"ELTD4BEEIERZWLG-SLB 31.12.2016 were ` 713975.31 Crores, 1% of which
EKLT. H4> GUMEL EKLT. H4" OLT OTLLTB is ` 7139.75 Crore. Total net funded exposure of two
countries namely Hong Kong & UAE amounting to
HLBYELBY WL4K X C; EI ERZ GVPZ GVG %MJLTUK EI KLGL ` 9325.40 Crore & ` 8900.38 Crore respectively, is more
¹FLEKLT.WL4KEKLT.H4ULTGE than 1% of the total assets of the Bank as on 31.12.2016.
ELT D4BEEIERZWLG-SLTB ET MT WGEH4" Total net funded exposure of the bank on Hong Kong &
UAE is more than 1% of total assets as on 31.03.2017
WS)LLGKD4BEGOLLGVO;TLLTB ET WVRMLKHLBYELBYET GZ also. Hence provision of ` 12.15 Crore for Hong Kong
EKLT.WL4KX C;ETGZ EKLT.ELÈLPÉLLV and ` 13.23 Crore for UAE has been made in terms
of RBI guidelines. As per Export Credit Guarantee
GEL YL H4" )LLKS GVL;S L YLKB7I GVYF C;MIUIMI
Corporation of India(ECGC) classification, Hong Kong is
PYI;EKLET WVRMLK>HLBYELBYVYULTGvF+TLIW'LL;S_ in the Insignificant Risk Category i.e. A1 and UAE is in
WL4KX C;EFULTGvF+TLIW'LL;S_ FTBH4" the Low Risk Category i.e. A2.
Risk Category Wise Country Exposure*
ULTG<L&L+TLIPLKOTLMB$LBÉLI %M*LLTUK*
(` in Crore)
` EKLT.FTB
Risk Exposure Provision Exposure Provision

ULTG<L&L+TLI FLQ; FLQ; FLQ; FLQ; Category (net) as at held as at (net) as at held as at
ELT %MJLTUK ELTKvL ELT %MJLTUK ELTKvLYL March 2017 March 2017 March 2016 March 2016
QLZXPL;
YLÈLPLV LR
YS ÈLPLV (Current (Current (Previous (Previous
QLZXPL;
PL;
Y3LPL;
Year) Year) Year) Year)
VY¶L 24762.17 12.15 39590.96 23.03 Insignificant 24762.17 12.15 39590.96 23.03
E&L 20781.74 13.23 22624.39 17.79 Low 20781.74 13.23 22624.39 17.79
MLFL6MTEF 287.42 0 540.03 0 Moderately 287.42 0 540.03 0
Low
MLFL6 99.29 0 0.16 0 Moderate 99.29 0 0.16 0
MLFL6MTN1Q 0 0 0.40 0 Moderately 0 0 0.40 0
High
N1Q 0.42 0 0.91 0 High 0.42 0 0.91 0
WGSN1Q 0 0 0.00 0 Very high 0 0 0.00 0
ERZ 45931.04 25.38 62756.85 40.82 Total 45931.04 25.38 62756.85 40.82
*È$L6ÉLV^LKLÈ&LLGL3LEIYC;H4" *As certified by the Management

L ¹
TG.7 %MJLTUKET MBDBFTB D4BEELJ[E7IEKLUHLB CMT 9d. Bank’s Disclosure in respect of Credit Exposures
MT ET OL4KLV 0G%SYS ! MFXH where the same had exceeded the Prudential
NÉLLESL;WLTBETGZ )LLKSIGKUP;D4BE^LKLGVL;GKSJ[X.TBGLZ Exposure limits prescribed by RBI for Individual/
%MJLTUKMIFLMTWGE'LI" Group Borrowers during 01.04.2016 to 31.03.2017.
153
MT EIWPGET OL4KLVMFXHNLKESL; WL4K “The Bank has not exceeded prudential exposure ceilings in
EZNLKESL;ETM&D6FTBD4BEVTELTC;ÈR.TBGLZ %-JLTUKEIMIGZBY respect of any Group Accounts and Individual Borrowers during
the period 01.04.2016 to 31.03.2017.”
ELTVHIBDLLH4
¥ WÈG3L)LX3LWGY[&L 9e. Unsecured Advances:
` EKLT.FTB
(` in Crore)
WJ[GS)LXSWGY[F 47860.91 29074.49 Unsecured Advance 47860.91 29074.49
WGY[FLTB EIPHERZKLGLGUMETGZ WFXS; 7599.50 6461.12 1. Total amount of advances for which 7599.50 6461.12
WLG-SLB U4MT WGELKLT>B WVR,G*SLT>B ÈLGELKLTB intangible securities such as charge
WLGOJKL)LLKELT??WÈGS)LXSWGY[FET over the rights, licenses, authority
W6SY;SWVRMQ X IFTB LLGFZGELYLH4" etc. has been included in Sch.9 under
‘Unsecured Advances’
W&LX3L;MB*LLGP;EÈG3L)LXG3L¶LLTB ELWVR&LLGV3L&LX:¶L 8425.15 9207.46 2. Estimated value of intangible collaterals 8425.15 9207.46
GKuLP;$L4BE^LKLZYL Y W'L;OB.LTBELÈE7IEKL 10. Disclosure of penalties imposed by the RBI:
E MTEIWPGETOL4KLV)LLKSIGKUP; a. During the period 01.04.2016 to 31.03.2017, Reserve

Bank of India (RBI) has imposed an aggregate penalty
D4BE WLKDIWLC;
VTD4BGEBYGPGVFVEILKL

of Rs. 30 million ( Rs. Thirty Million only) on the bank
(i)ETML'LJG#SLKL

MI
ETWBSY;SÈO3S in exercise of powers conferred under Section 47
LGºL2LTBELTÈLTYEKSTHR D4BEJKGFGZV SIM (A) (1) (c) read with Section 46(4) (i) of the Banking
GFGZVFLL
ELERZW'L;OB.ZYLLH4" Regulation Act 1949.
D4BEVTCMEIJRVKLPAGºLMTDQVTETGZ WLPEMRK\LL3FE The Bank has taken necessary preventive measures/
NJL!0LJEEL;LTUVLS4LKEIH4" comprehensive action plan to avoid its recurrence.
J[DBV^LKLN%S.L7LJ[FLGLSGELYLH4" (The above data is as certified by the Management)

b. The following SGL securities were bounced during
<L EIWPGETOL4KLVGV&VGZGvSÈGS)LXGSLTBKÎHRC;
the period ended 31.03.2017 (w.e.f. 01.04.2016 to
'LIB MT
31.03.2017).
GPPKL KLGL PARTICULARS AMOUNT

UIWLTWLC; WLC; MWLC; V WLC; V EKLT.* 8.07 GOI 2017 (ISIN : IN0020010107) Rs. 355.00 Crore*

GOVLBE DATED 30.05.2016
F Q M.I Z WLC; MWLC; VWLC; V EKLT.** 8.62 MH SDL 2023 (ISIN: IN2220120108) Dated Rs. 10.00 Crore**

GOVLBE 09.03.2017
* )LLKSIGKUP;D4BE>C;ERDTKETFXZvLSTFTBEFIETELKLKÎ"D4BEEI * Bouncing due to shortage in Principal A/c of RBI E-Kuber. However, Rs.
EKLT.EIÈGS)LXGS)LLKSIGKUP;D4BEETML'LKGQSC;ERDTKEIUYHW6J2LT:.K 1,800.00 Crore of Security was available with the Bank in other folder of
FTBNJZ$'LI"
RBI E-Kuber maintained with RBI.
**
EHIVLFEIOLTG)L6VÈGS)LXGSLTBETELKLHLRG7N3J6VHRC;H4"ÈGS)LXGS
F Q M.I ZWLC; MWLC; VWLC; VFTBD4ZTBMNJZ$'LL> ** Similar nomenclature of two different securities has caused this
GEBSR .IZ F Q M.I Z WLC; MWLC; V!WLC; V
error. Balance in Security 8.62 MH SDL 2023 (ISIN: IN2220120116)
ETGZ HRC;'LI" was available but the deal was done for 8.62 MH SDL 2023 (ISIN:
IN2220120108).
WLKDIWLC; VT ELT MUI Z PLGJM EKVT ET GZ

JTZL<LELO.J[)LLGKSGELGUMETGZ WLKDIWLC;VT RBI had imposed a Penalty of Rs. 1.00 Lacs for bouncing of this
HFLKL<LLSLGOVLBEELT.TGD7GELWL4K MUI ZEK SGL dated 09.03.2017 for which RBI has debited our Account on
12.05.2017 and said Penalty on SGL bouncing stands paid.
J[)LLGKSO.EL)LRYSLVEKGOLYLH4"
Other Disclosures required by Accounting Standards
ZT<LL&LLVELTB^LKLW*LTG\L3LW6¶LÈE7IEKL
11. AS -5 Prior Period and Change in Accounting Policy
M*LXP;WPGÉLWL4KZT<LLBEVVIG3L&LTB*LGKP3L;V
There were no material prior period income/expenditure
MET WÉLIV*LXP; WPGÉLET WL¶L!0¶L¶LET ELTC; &LH3P*LXL; items requiring disclosure under AS–5.
ÈE7IEKLW*LTG\L3LVHIBH4B" 12. AS- 6 Depreciation accounting
M&LX:¶LÀLMZT<LLGPGÉL Break up of total depreciation for the year ended March,
&LLQ;ETWB3L3LEWLG-3L¶LLTBETÈ3¶LTEPY;ETGZ GE Y 2017 for each class of assets
&LX:¶LÀLMEL$¶LL4KL"
154
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
` EKLT.FTB
(` in Crore)
WLG-3L+TLI 31.03.2017 31.03.2016 Class of assets 31.03.2017 31.03.2016
*LGKMK 10.89 14.38 Premises 10.89 14.38

W6¶LWQZWLG-3L¶LL 378.63 345.93 Other fixed assets 378.63 345.93
*L7_7TPLZIWLG-3L¶LL LX6 LX6 Leased assets NIL NIL
35.51 35.42 Computer software 35.51 35.42

E&*¶LX7KML8¾7PT¶LK
ULT. 425.03 395.73 Total 425.03 395.73
ZT<LL&LLVEKLU-P&LL6¶L3LL 13. AS- 9 Revenue Recognition:
WL¶L EI ER/ &LOLTB EI &LL6¶L3LL ZT<LL VIG3L MB<¶LL

Certain items of income are recognized on realization
ET WVRMLKPMXZIWLÉLLK*LKEIUL3LIH4"$LHKHLZ>N%SWL¶L basis as per Accounting Policy No. 3(5). However, the
said income is not considered to be material.
EIYLVLCMFTBVHIBEIULSIH4"
MGPOTLIGPGV&L¶LOKLTB&LTB*LGKP3L;V 14. AS 11- Changes in foreign exchange rates:
GPOTLI&LRÇL*LGKP3L;VÈLKG\L3L&LTB L7$L Movement of foreign currency translation reserve
` EKLT.FTB
(` in Crore)
GPPKL KLGL
KLGL
Particulars Amount ( 2016-17) Amount ( 2015-16)
J[LKBG)LELTL 64.21 54.23 Opening balance 64.21 54.23

MT EI 30.03 10.47 Credited during the year 30.03 10.47
WPGETOL4KLVUFL 01.04.2016 to 31.03.2017
MT ET 2.08 0.49 Withdrawn during the year 2.08 0.49
OL4KLVGVELMI 01.04.2016 to 31.03.2017
CGSLTL 92.16 64.21 Closing Balance 92.16 64.21
ME&L;QLKIZL)L 15. AS 15 – Employees Benefits:
ZT<LL&LLVE MBLLTGÉL3L
ETWVRMLKJ[E7IEKL DISCLOSURE IN ACCORDANCE WITH AS-15(R):
In line with the accounting policy and as per the Accounting
ZTvLVIGSETWVRJS'LLZTvLFLVE MBLLTGS
ETWVRMLKKLTUYLK Standard – 15(R), the summarized position of employment
NJKL6SGFZVTPLZTJ2LOTEIMBG\L*SG-'LGSELTZL)LPHLGVvLSTWL4K benefits is as under:
SRZVJLFTBGV&VPS_FLVLYLH4
A. Defined benefit Plans
JGK)LLGLSZL)LLTUVL TABLE I - Principal Acturial Assumptions and the basis of
SLGZELIJ[LVDIFLGEBEFL6SLS'LLCVFL6SLWLTBELWLÉLLK these assumptions
Acturial PENSION GRATUITY LEAVE ENCASHMENT
$LI&LLEE *LTBLV
N*LOLV
/R7_7IVEOIEKL Assump-
&LL6¶L3LL tions
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
8.05% 8.17% 7.37% 8.17% 7.37% 8.17% Discount 8.05% 8.17% 7.37% 8.17% 7.37% 8.17%
$L7_7LOK Rate
LTUVL 8.61% 8.61% 8.61% 8.61% 0.00% 0.00% Expected 8.61% 8.61% 8.61% 8.61% 0.00% 0.00%
Return
WLG-SLTB on Plan
ETÈGSJ2Z Assets
EI
MB)LLGPS
OK
6.00% 5.75% 6.00% 5.75% 6.00% 5.75% Rate of 6.00% 5.75% 6.00% 5.75% 6.00% 5.75%
PT3LV&LTB Escalation
PAGEI In salary
OK
1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Attrition 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
ÀLMOK Rate
155
SLGZELII -OLG¶L3PLTBETP3L;&LLV&LX:¶L&LTB*LGKP3L;V TABLE II - Changes in Present value of the obligation
` EKLT.FTB
(` IN CRORES)
JTBLV NJOLV /R7_7IVEOIEKL PENSION GRATUITY LEAVE ENCASHMENT
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
WPGÉLEI 20179.68 18217.4 2615.94 2419.83 1401.53 1308.47 Present value 20179.68 18217.4 2615.94 2419.83 1401.53 1308.47
LRWLSFTB of Obligation
OLG¶L3PLTBEL at the
P3L;&LLV&LX:¶L beginning of
period
$¶LLUZLY3L 1598.26 1415.01 198.79 177.78 103.15 95.43

Interest Cost 1598.26 1415.01 198.79 177.78 103.15 95.43
QLZXMTPL 540.15 476.83 209.55 197.68 46.89 44.48

Current 540.15 476.83 209.55 197.68 46.89 44.48
ZLY3L Service Cost
MBOºLZL)L (1234.20) (1191.77) (365.60) (395.24) (278.00) (231.22)

Benefits paid (1234.20) (1191.77) (365.60) (395.24) (278.00) (231.22)
OLG¶L3PLTB*LK 1775.92 1262.22 271.39 215.89 203.95 184.36
Acturial loss 1775.92 1262.22 271.39 215.89 203.95 184.36
$LI&LLBGEE / (gain) on
HLGV! ZL)L
obligations
MB3LRZVELKI (Balancing
WLBE.T
Figure)
OLG¶L3PLTBEL 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53 Present value 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53
P3L;&LLV&LX:¶L of Obligation
SLGZELIII -LTUVLWLG-SLTBETNGQSFX:FTBJGKPS;V TABLE III - Changes in the FV of the Plan Assets

JTBLV NJOLV /R7_7IVEOIEKL
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 PENSION GRATUITY LEAVE ENCASHMENT
WPGÉLEI 20841.72 17373.01 2666.75 2836.40 - -

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
LRWLSFTB
OLG¶L3PLTB EL
FAIR value 20841.72 17373.01 2666.75 2836.40 - -
P3L;&LLV&LX:¶L of Plan
1799.35 1579.43 227.48 227.20 - - Assets,
LTUVL at the
WLG-SLTB beginning of
JKMB)LLGPS period
J[GSJ2Z
Expected 1799.35 1579.43 227.48 227.20 - -
D4BE> 1347.46 3134.8 316.21 0.00 278 231.22 return on
EF;QLGKLTB Plan assets
^LKLWBLOLV
Contributions 1347.46 3134.8 316.21 0.00 278 231.22
MBOºLZL)L (1234.20) (1191.77) -365.6 (395.24) (278.00) (231.22) by Bank,
employees
EL)LRYSLV
OLG3PLTBJK 1906.32 (53.78) 310.99 (1.61) - - Benefits Paid (1234.20) (1191.77) -365.6 (395.24) (278.00) (231.22)
DIFLBGEE Acturial 1906.32 (53.78) 310.99 (1.61) - -
HLGV
!ZL)L (loss) / gain
MBSRZVELKI on Plan
WLBE.T
Assets
(Balancing
FLQ;> 24660.65 20841.72 3155.83 2666.75 - - Figure)
ELT
FAIR value 24660.65 20841.72 3155.83 2666.75 - -
LTUVL of Plan
WLG-SLTB EL Assets,
NGQSFX: 31.03.2017
156
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
SLGZELIV -LTUVLWLG-SLTBTJKPL-SGPEJ[GSJ2Z TABLE IV - Actual Return on Plan Assets

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
1799.35 1579.46 227.48 227.2 - - Expected 1799.35 1579.46 227.48 227.2 - -
LTUVL return on
WLG-SLTB Plan
JKMB)LLGPS Assets
J[GSJ2Z
LTUVL 1906.32 (53.78) 310.99 (1.61) - - Acturial 1906.32 (53.78) 310.99 (1.61) - -
(loss) / gain
WLG-SLTB JK on Plan
DIFLBGEE Assets
HLGV
!ZL)L
LTUVL 3705.67 1525.68 538.47 225.59 - - Actual 3705.67 1525.68 538.47 225.59 - -
Return on
WLG-SLTB JK Plan
PL-SGPE Assets
J[GSJ2Z
SLGZELV - FL6DIFLBGEE ZL)L
!HLGV TABLE V - Net Acturial (Gain) / loss Recognized

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
(1775.92) (1262.22) (271.39) (215.89) (203.95) (184.36) Acturial gain (1775.92) (1262.22) (271.39) (215.89) (203.95) (184.36)
WPGÉLET
/ (loss) for
GZ OLG3PLTB the period -
JKDIFLBGEE Obligations
HLGV
!ZL)L
WPGÉLET 1906.32 (53.78) 310.99 (1.61) 0 0 Acturial gain 1906.32 (53.78) 310.99 (1.61) 0 0
GZ LTUVL / (loss) for
the period -
WLG-SLTB JK Plan Assets
DIFLBGEE
HLGV
!ZL)L
WPGÉLET (130.40) 1316.00 (39.60) 217.49 203.95 184.36 Total (Gain) (130.40) 1316.00 (39.60) 217.49 203.95 184.36
/ Loss for he
GZ ERZ period
ZL)L
!
HLGV
WPGÉLFTB (130.40) 1316.00 (39.60) 217.49 203.95 184.36 Acturial (130.40) 1316.00 (39.60) 217.49 203.95 184.36
(gain)
FL6LR or loss
DIFLBGEE recognised
ZL)L
!HLGV in the period
PL;ETWBS 0 0.00 0.00 0.00 0.00 0.00 Unrecognised 0 0.00 0.00 0.00 0.00 0.00
FTB WFL6 Acturial (gain)
DIFLBGEE / loss at the
end of the
ZL)L
!HLGV year
SLGZELVI -SRZVJLFTBFL6KLGL TABLE VI - Amount recognised in Balance Sheet

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
OLG3PLTBEL 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53
PS;FLVFX: Present value 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53
LTUVL 24660.65 20841.72 3155.83 2666.75 0 0 of Obligation
WLG-SLTBEL FAIR value of 24660.65 20841.72 3155.83 2666.75 0 0
NGQSFX: Plan Assets,
W6SK (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53 Difference (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53
WFL6 0 0 0 0 0 0 Unrecognised 0 0 0 0 0 0
7LBGULVZ Transitional
OTSL Liabilty
YSMTPL Past Service
ZLYSGVGHS cost - vested
ZL)LWLYT benefits
ZTULL - Carried
YL Forward
157
SRZVJL 0 0 0 0 1477.52 1401.53 Liability 0 0 0 0 1477.52 1401.53
FTBFL6 Recognised
OTSL B in the
Balance
ZT<LL (1800.84) (662.04) (225.76) (50.81) 0.00 0.00
Sheet
FLVE
Negative (1800.84) (662.04) (225.76) (50.81) 0.00 0.00
MBLLTGS
amount
ETJ4KL determined
ETWBSY;S under under
VELKL3FE Paragraph
GVÉLL;GKSKLGL 55 of
)LLPIWBLOLVLTB 1800.84 662.04 225.76 50.81 0.00 0.00 AS-15 (R)
FTB E7L4SI Present value 1800.84 662.04 225.76 50.81 0.00 0.00
WL4KNJZ$ÉL of available
)LLPIE7L4SI refunds and
ELPS;FLV reductions
FX: in future
contributions
ZT<LL 1800.84 662.04 225.76 50.81 0.00 0.00
Resulting 1800.84 662.04 225.76 50.81 0.00 0.00
FLVE asset
MBLLTGÉLS
as per
J4KL DI
Paragraph
ETWBSY;S 59 (b)
MIFLWVRMLK of
FL6WLG-S AS-15 ( R )
SLGZELVII.ZL)LPHLGV<LLSTFTBFL60 TABLE VII - Expense to be recognised in Profit and loss statement

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
Current 540.15 476.83 209.55 197.68 46.89 44.48
QLZXMTPL 540.15 476.83 209.55 197.68 46.89 44.48 Service
ZLYS Cost
$LUZLYS 1598.26 1415.01 198.79 177.78 103.15 95.43 Interest cost 1598.26 1415.01 198.79 177.78 103.15 95.43
(1799.35) (1579.46) (227.48) (227.20) 0 0 Expected (1799.35) (1579.46) (227.48) (227.20) 0 0
LTUVL
return on
WLG-SLTB Plan
JKMB)LLGPS assets
J[GSJ2Z Net Acturial (130.40) 1316.00 (39.60) 217.49 203.95 184.36
PL;ETOL4KLV (130.40) 1316.00 (39.60) 217.49 203.95 184.36 (gain) / loss
FL6LR recognised
DIFLBGEE in year
ZL)L
! Past Service 0 0 0.00 0.00 0 0
W'LPLHLGV Cost-
0 0 0.00 0.00 0 0 Recognised
YSMTPL
ZLYSFL6 Expenses 208.67 1628.37 141.26 365.76 353.99 324.27
recognised
ZL)LPHLGV 208.67 1628.37 141.26 365.76 353.99 324.27 in the
<LLSTEI statement
GPPKLIFTB of profit and
FL60 loss
SLGZELVIII-SRZVJLFTBFL6HLTVTPLZILROTSLFTB L7D TABLE VIII- Movement in Net Liability to be recognised in

Balance Sheet
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
J[LKBG)LE (662.04) 844.39 (50.81) (416.57) 1401.53 1308.47 Opening Net (662.04) 844.39 (50.81) (416.57) 1401.53 1308.47
LROTSL Liability
0 208.67 1628.37 141.26 365.76 353.99 324.27 EXPENSE 208.67 1628.37 141.26 365.76 353.99 324.27
(1347.46) (3134.80) (316.21) 0.00 (278.00) (231.22) CONTRIBUTIONS (1347.46) (3134.80) (316.21) 0.00 (278.00) (231.22)
MBO3S PAID
WBLOLV Closing (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53
WBGSFLR (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53 Net Liability
OTSL QLZX (Liability
WPGÉLFTB recognised
in B/S in
SRZVJLFTB current
FL6OTSL
period)
158
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
SLGZELIX -PS;FLVWPGÉLETGZ KLGL TABLE IX -Amount for the current Period
JTBLV PENSION
31.03.2017 31.03.2016 31.03.2017 31.03.2016
OLG3PLTB ELPS;FLVFX: 22859.81 20179.68 Present value of Obligation 22859.81 20179.68
LTUVLWLG-SLTB ELNGQSFX: 24660.65 20841.72 FAIR value of Plan Assets 24660.65 20841.72
1800.84 662.04 Surplus / (Deficit) before unrecognised past 1800.84 662.04
WFL6YSMTPLZLYSMTJXP; WGÉLLTL! LL7L
service cost
313.46 (1476.60) Experience Adjustments in Plan Liabilities 313.46 (1476.60)
LTUVLOTSLWLTB FTB WVR)LLGPEMFLLTUV HLGV
!ZL)L
-(loss) / Gain
LTUVLWLG-SLTB FTB WVR)LLGPEMFLLTUV HLGV
!ZL)L 1906.32 (53.78) Experience Adjustments in Plan Assets (loss) / gain 1906.32 (53.78)
NJOLV GRATUITY
31.03.2017 31.03.2016 31.03.2017 31.03.2016
LTUVLWLG-SLTB ELNGQSFX: 3155.83 2666.75 FAIR value of Plan Assets 3155.83 2666.75
225.76 50.81 Surplus / (Deficit) before unrecognised past 225.76 50.81
service cost
(92.29) (218.33) Experience Adjustments in Plan Liabilities (92.29) (218.33)
!ZL)L -(loss) / Gain
/R7_7IVEOIEKL LEAVE ENCASHMENT
31.03.2017 31.03.2016 31.03.2017 31.03.2016
LTUVLWLG-SLTB ELNGQSFX: 0 0 FAIR value of Plan Assets 0 0
(1477.52) (1401.53) Surplus / (Deficit) before unrecognised past (1477.52) (1401.53)
service cost
(105.98) (250.27) Experience Adjustments in Plan Liabilities (105.98) (250.27)
!ZL)L
-(loss) / Gain
!ZL)L 0 0 Experience Adjustments in Plan Assets (loss) / gain 0 0
SLGZELX.LTUVLWLG-SLTBEIJ[FR<L+TGLL ERZLTUVLWLG-SLTB TABLE X -Major Categories of Plan Assets (as percentage

of Total Plan Assets)
ELJ[GSLS
(In Percentage)
J[GSLSFTB
GPPKL JTBLV NJOLV PARTICULARS PENSION GRATUITY

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
)LLKSMKELKEIJ[GS)LXGSL 8.85 10.00 13.54 16.00 Government Of India 8.85 10.00 13.54 16.00
KL5MKELKEIJ[GS)LXGSL 31.90 35.00 32.13 35.00 Securites
N1QGE-FETEL8JLTK; 7T State Govt Securities 31.90 35.00 32.13 35.00
13.82 17.00 14.05 18.00 High Quality Corporate 13.82 17.00 14.05 18.00
DL8.
MXQIDE&JGVLTB ET Bonds
0.00 1.00 0.00 0.00 Equity Shares of listed 0.00 1.00 0.00 0.00
CG%P7ILTK
companies
MBJGºL 0.00 0.00 0.00 0.00
Property 0.00 0.00 0.00 0.00
GPLTLUFLLTUVL B 0.00 6.00 0.00 8.00
Special deposit scheme 0.00 6.00 0.00 8.00
GVY;FESL;^LKLQZLC;YC; 32.68 18.00 14.86 6.00 Funds managed by 32.68 18.00 14.86 6.00
GVGÉLL
Insurer
W6D4E B UFLKLGLLBWL4K 13.00 13.00 25.42 17.00 Other- Bank Deposits 13.00 13.00 25.42 17.00
UFLJ[FLLJL MI.I
and CDs
ULT. 100.00 100.00 100.00 100.00
TOTAL 100.00 100.00 100.00 100.00
SLGZELXI.WLYLFIPL;ETOL4KLV B7KJ[LCUETWBLOLVEL+T#SF TABLE XI-ENTERPRISE'S BEST ESTIMATE OF CONTRIBUTION
WVRFLV DURING NEXT YEAR
GPPKL JTBLV GVGE

NJOLV GVGE
Particulars Pension (Funded) Gratuity (Funded)
31.03.2017 31.03.2016 31.03.2017 31.03.2016
31.03.2017 31.03.2016 31.03.2017 31.03.2016
WLYLFIPL;ETOL4KLVD4BE 1300.00 2000.00 200.00 500.00
Bank's best estimate 1300.00 2000.00 200.00 500.00
ELWVRFLGVS+T#SF of Contibution during
LTYOLV next year
159
SLGZELXII.W6OI LL;PGÉLEF;QLKIZL)L Y4KGVGE
TABLE XII- Other Long Term employee benefits (Unfunded)
GPPKL WLEG-FE/R7_7I Z J2MI GMZPKURDZIDLTVM Particulars Sick Leave & Casual Leave Fare conces- Silver Jubiliee Bonus
WL4KDIFLKIEI Y4KGVGE
Y4KGVGE
leave (Unfunded) sion (unfunded) (unfunded)
/R7_7I Y4KGVGE
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 Present 64.65 60.86 138.55 108.32 12.83 12.05
OLG3P 64.65 60.86 138.55 108.32 12.83 12.05 Value of
ELPS;FLV Obligation
FX: Opening 0 0 0 0 0 0
0 0 0 0 0 0 Balance of
MB¹FLLIZ Transitional
OTSLEL Liability
J[LKG&)LE Transitional 0 0 0 0 0 0
LTL Liability
PL;ET 0 0 0 0 0 0 recogized
OL4KLVFL6 in the year
MB¹FLLIZ Closing 0 0 0 0 0 0
OTSL Balance Of
0 0 0 0 0 0 Transitional
MB¹FLLIZ Liability
OTSLEL Liabity 64.65 60.86 138.55 108.32 12.83 12.05
CGSLTL Recognized
SRZVJLFTB 64.65 60.86 138.55 108.32 12.83 12.05 in balance
FL6OTSL Sheet
Particulars Basis of assumption

GPPKL ÉLLKLLELWLÉLLK
Discount Discount rate has been determined by reference
$L7_7LOK MBLLTGÉL3L ZT<LL &LLVE MB<¶LL ET *L4KL ET WVRMLK rate to market yields on the balance sheet date on
OLG¶L3PLTB EIWVR&LLGV3LL3LLT ET WVR*LMKELKI$LBÉL*LLLTB *LK Government Bonds of term consistent with estimated
3LRZV*LLEIG3LG'LELT $LLuLLKÈLG*3L¶LLTB ET WVRMLK$L7_7LOK term of the obligations as per para 78 of AS15R.
GVÉLL;GK3LEIY¶LIH4B Expected The expected return on plan assets is based
¶LLTUVL WLG-3L¶LLTB¶LLTUVL WLG-3L¶LLTB *LK MB)LLGP3L ÈG3L¾2Z OK MB$LBGÉL3L OLG¶L3P rate of on market expectations, at the beginning of the
*LK ÈG3L¾2Z EIEI*LXKIWL¶LR ET GK7VLT ET GZ WPGÉLET WLK&)L&LTB $LLuLLK return on period, for returns over the entire life of the related
MB)LLGP3LOK MB)LLPVLWLTB*LKWLÉLLGK3LH4B plan assets obligation.
PT3LVPAGOK MBLLTGÉL3LZT<LL&LLVEMB<¶LL MET*L4KLETWVRMLK)LLPI Rate of The estimates of future salary increases considered
PT3LVPAGETWVR&LLVLTB ETGZ E&L;QLKI$LLuLLK&LTB WL*LX3L PB&LLYU4MT escalation in in actuarial valuations taking into account inflation,
MB$L L7ELT>B &LHBYLC;>PGKs3LL>*LOLT£G3LWLGO*LK$LI&LLBGEE&LX:¶LLBEV salary seniority, promotion and other relevant factors
*LKGPQLKGE¶LLY¶LLH4B mentioned in paras 83-91 of AS15R.
ÀLMOK ÀLMOKELGVÉLL;KLG*L/ZTWL4KMB)LLGP3L)LLPIWVR)LPLTBMBO)L; Attrition rate Attrition rate has been determined by reference to
^LKLGE¶LLY¶LLH4WL4KNM&LTB&LA3¶LRELT/LT.EKE3LRWL%S3LL past and expected future experience and includes all
types of withdrawals other than death but including
ETELKLHRC;W6¶LM)LIÈELKEIGVELGM¶LLMG&&LGZ3LH4B
those due to disability.
DI JGK)LLGLSWBLOLVLTUVL B. Defined Contribution Plans

D E
B4 VTWBLOLVLTUVLJGK)LLGLSEIH4ULTGEELTLNMETDLO5PLC;V The Bank has Defined Contribution Plan applicable to all categories
EKVT PLZT M)LI+TGLLTB ET EF;QLGKLTB JKZLYX HLTSLH4"HLTUVLJTB LVJ2B. of employees joining the Bank on or after 01.04.2010. The
KTYZR 7T KIPGPELMÈLGEKLET MBK\LLET WBSY;S VJI M7-7^LKLÈDBGÉLS" scheme is managed by NPS trust under the aegis of the pension
VJI MET GZ KL7IGM%LTGK7IG.JL8GU7KIGZELT ET6ÇIGKEL.; EIGJBY Fund Regulatory and Development Authority. National Securities
Depository Limited has been appointed as the Central Record
UTM B IGVR%SGELYLH4"D4E B VTGP3SIPL;ETOL4KLV Keeping Agency for the NPS. During the FY 2016-17, the Bank has
EKLT. ELLTYOLVGOLH4 GJ/ZTPL;HEKLT. 'LL
" contributed Rs 113.16 crores (Previous year Rs 87.17 cr)
MI LTUVLWLG-SLTBETNGQSFX:FTBJGKPS;V C. Changes in Fair Valuation of Plan Assets

WLC;MI WLC;^LKLULKI METWVRJD4E B VTPL;ETOL4KLVJTB LVPNJOLV In accordance with AS-15 issued by ICAI, during the year while
J2B.MTM&DG6SLTUVLWLG-SLTB ETNGQSFX:JKGPQLKEKSTMFEF;QLGKLTB considering the fair value of plan assets relating to pension and
gratuity fund being long term benefits of employees, interest accrued
ET OI LL;PGZLYX PGVPTLLTB MT J[L*S$LUELT )LIGJ/ZT PLLT EIFXZKLGLET on investments has also been taken into account as against principal
GP<LLST FTB GZLULSLH4"CMET JGKLLF-PJGVLT%SLET JTB LVFTB NJOLV amount in earlier years. Consequent to this, employer contribution to
J2B.FTB LTYOLVOLG3PETPS;FLVFX:ET¦JKLTUVLWLG-SLTB ETNGQSFX: pension and gratuity funds representing excess of fair value of plan
ELWGEOLL;SLH4>PL;ETOL4KLV?JTF7BT 7X .J[LGT PUVJ2L8KC&JZL8C; C&JZL8C; assets over present value of obligation amounting to Rs.2026.60
crores has been credited to “Payments to and Provisions for
EL8-7FTB JTEKLT. KLGLUFLEKOIYC;H4"GJ/ZTPL;ETWLBE.T Employees- Employee Cost ” during the year. Figures of previous
CMHOSESRZVIVHIBH4" year are not comparable to that extent.
160
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
FLQ;>ELTMFL*SPL;HTSRvB.PLKMXQVL 16. Segment reporting for the period ended 31st March 2017
` ZL<LFTB
(` in Lacs)
)LLYEELKLT$LLK<LB. PART A: BUSINESS SEGMENTS
M&LL*3LPL; M&LL*3LPL; SI. Particulars YEAR ENDED YEAR ENDED
¹&L
GPPKL 31.03.2017 31.03.2016 No. 31.03.2017 31.03.2016
MB
WL8G.G7.
WL8G.G7.
(Audited) (Audited)
i. <LB.PLKKLU-P i. Segment Revenue
E
7TuLKI 1694593 1463544 a) Treasury 1694593 1463544
<L
EL8*LLTK; 7T !HLTZMTZ$L4B EY 2304307 2255846 b) Corporate/Wholesale Banking 2304307 2255846
Y
GK7TZ$L4BEY 1511675 1535575 c) Retail Banking 1511675 1535575
L
W6¶L$L4BEY*LGKQLZV 112161 87475 d) Other Banking Operations 112161 87475
ULT. 5622736 5342440 Total 5622736 5342440
ii. <LB.PLK*LGKLL&L ii. Segment Results
E
7TuLKI 469076 302337 a) Treasury 469076 302337
<L
EL8*LLTK; 7T !HLTZMTZ$L4B EY -519704 -1137962 b) Corporate/Wholesale Banking -519704 -1137962
Y
L
ULT. 337682 -400441 Total 337682 -400441
iii. Y4KWL$LBG73L0¶L¶L 136528 173347 iii. Unallocated Expenses 136528 173347
iv. *LGKQLZVZL)L 1456516 1221635 iv. Operating Profit 1456516 1221635
v. EKHT3LRÈLPÉLLV 68674 -176349 v. Provision for Tax 68674 -176349
vi. WMLÉLLKL&LOTB LX6 LX6 vi. Extraordinary Items NIL NIL
vii. LRZL)L 132480 -397439 vii. Net Profit 132480 -397439
W6¶LMXQVL Other Information:
viii. <LB.PLKWLG-3L¶LL viii. Segment Assets
E
7TuLKI 21272894 16317272 a) Treasury 21272894 16317272
<L
Y
L
N*LULT. 70873244 65749472 Sub Total 70873244 65749472
¥
Y4KWL$LBG73LWLG-3L¶LL 1159811 989573 e) Unallocated Assets 1159811 989573
ERZWLG-3L¶LL 72033055 66739045 Total Assets 72033055 66739045
ix. <LB.PLKOT¶L3LL B ix. Segment Liabilities
E
7TuLKI 20364682 15612102 a) Treasury 20364682 15612102
<L
Y
L
N*LULT. 67847426 62908031 Sub Total 67847426 62908031
¥
Y4KWL$LBG73LWLG-3L¶LL 931 0 e) Unallocated Liabilities 931 0
ERZOT¶L3LL B 67848357 62908031 Total Liabilities 67848357 62908031
Part B – GEOGRAPHIC SEGMENTS
)LLY<L)LL4YLTGZE<LB.
Sl. Particulars YEAR ENDED YEAR ENDED
¹&LMB<¶LL GPPKL M&LL*3LPL; M&LL*3LPL;
No
31.03.2017 31.03.2016 31.03.2017 31.03.2016
(Audited) (Audited)
WL8G.G7.
WL8G.G7.
1. KLU-P 1. Revenue
E LKTZX 5464487 5201209 a) Domestic 5464487 5201209
<L WB3LKL;rI¶L 158249 141231 b) International 158249 141231
ERZ 5622736 5342440 Total 5622736 5342440
2. WLG-3L¶LLB 2. Assets
<L WB3LKL;rI¶L 8529300 9506184 b) International 8529300 9506184
ERZ 72033055 66739045 Total 72033055 66739045
161
VLT7 Note:
<LB.PLKOT¶L3LLWLTBELTNVEIM&$L<LB.PLKWLG-3L¶LLTBETWVR*LL3L&LTBWL$LBG73L Segment Liabilities are distributed in the ratio of their respective

GE¶LLY¶LLH4B" Segment Assets.
G*L/ZI WPGÉL ET WLBE.LTB ET WLP¶LE3LLVRMLK *LRV M&LXHV!*LRVP;YI;EKL Figures of the previous period have been re-grouped /re-
classified wherever necessary to make them comparable.
GE¶LLY¶LLH43LLGEN6HTB3LRZVI¶L$LVL¶LLULMETB"
)LLK3LI¶L MVOI ZT<LLELK MB-'LLV ^LKL ULKI MBLLTGÉL3L ZT<LL 17. Disclosure of Related Parties as per AS –18 issued
by ICAI
&LLVEETWVRMLKÈE7IEKL
Names of the related parties and their relationship
MB$LBGÉL3L*LL7¶LLTBETVL&L3L'LL$L4BEETML'LNVETMB$LBÉL with the Bank:
&LR<¶LÈ$LBÉLVEL&LE Key Management Personnel:
i. R+INLLWVBSMRD[ÄV>ÈDBÉLGVOTLE PB FR<EL;JLZE
M i) Mrs. Usha Ananthasubramanian, Managing Director
WGÉLELKI & CEO
ii. +
IETPID[ÄLUIKLP>EL;JLZEGVOTLE ii) Shri K.V.Brahmaji Rao, Executive Director.
iii. .L8KLF MMBYLJXKT>EL;JLZEGVOTLE iii) Dr .Ram S.Sangapure, Executive Director.
iv. +IMBUIPLKL>EL;JLZEGVOTLE MT
iv) Shri Sanjiv Sharan, Executive Director ( w.e.f.
15.09.2016)
WVRLBGY¶LLB
Subsidiaries:
(i) *LI V$LIGY:7_MGZG&L7T.
i) PNB Gilts Ltd.
(ii) *LBUL$LV4LVZ$L4BE CB7KV4LVZ
GZG&L7T.>¶LXET
ii) Punjab National Bank (International) Ltd., UK
(iii)*LI V$LIC6PT-7&LTB7MPMTUGZG&L7T.
iii) PNB Investment Services Ltd.
(iv).E*LI V$LI$L4BEGZG&L7T.>)LX7LV
iv) Druk PNB Bank Ltd, Bhutan.
(v)*LI V$LICB¶LLTKTBMD[LTEYÈLGZ* v) PNB Insurance Broking Pvt Ltd*.
MH¶LLTYIMB-'LL B Associates:
(i) ÈGM*LZ*LI V$LIWMT7&L4VTU&LTB7E&*LVIÈLGZ i) Principal PNB Asset Management Company Pvt. Ltd.
(ii) ÈGM*LZ7-7IE&*LVIÈLGZ ii) Principal Trustee Company Private Limited
(iii)*LI V$LI&LT7ZLCJ2CBG.¶LLCB¶LLTKTBMEBGZ iii) PNB Metlife India Insurance Company Ltd.
(iv)JI VDIHLNGMBYJ2LCVTBMGZ iv) PNB Housing Finance Ltd.
(v)UT MMI7TBY.ID4BE>W:FL7I>EULG<L-SLV v) JSC Tengri Bank, Almaty, Kazakhstan
(vi)&LÉ¶LG$LHLKY[L&LIL$L4BE>*L7VL vi) Madhya Bihar Gramin Bank, Patna.
(vii)MP;HGK¶LLLLY[L&LIL$L4BE>KLTH3LE vii) Sarva Haryana Gramin Bank, Rohtak
(viii) GH&LLQZÈOTLY[L&LIL$L4BE>&L.I viii) Himachal Pradesh Gramin Bank, Mandi
(ix)*LBUL$LY[L&LIL$L4BE>E*LXK'LZL ix) Punjab Gramin Bank, Kapurthala
(x) MP;¶LX*LIY[L&LIL$L4BE>&LTK# x) Sarva UP Gramin Bank, Meerut.
* EB*LVIM&LL*LVWÉLIVH4%¶LLTBGEZLCMTBMELT*LHZTHIPL*LM *Steps are being taken for winding up of the company as the
EKGO¶LLY¶LLH4B" license has already been surrendered on 14.02.2011.
MB¶LR%SN]&L Joint Venture:

Everest Bank Limited, Kathmandu, Nepal
PKT-7$L4BEGZ>EL#FLB.X>VT*LLZ
162
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MB$LBGÉL3L*LL7¶LLTBMTZTVOTV*
` ZL<LFTB
&LXZ** -PLG&L3P WVRLBGY¶LLB** &LR<¶LÈ$LBÉLV ERZ

FOTB!MB$LBGÉL3L*LL7I; W'LPLGV¶LBLLET
&LR<¶LÈ$LBÉLV
MH¶LLTYI!MB¶LR%SN]&L EL&LEET
EL&LE
WVRMLK
GK3LTOLK

WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L WGÉLE3L&L
$LEL¶LL $LEL¶LL $LEL¶LL $LEL¶LL $LEL¶LL $LEL¶LLKLGL
KLGL KLGL KLGL KLGL KLGL
*LLGK+G&LE :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - - 115.42 :LLYXVHIB :LLYXVHIB :LLYXVHIB 115.42 :LLYXVHIB
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- (102.29) :LLYXVHIB :LLYXVHIB :LLYXVHIB (102.29) :LLYXVHIB
NÉLLK :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- - - - - - -
U&LLKLGL¶LL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB 117304.25 43.11 154.23 0.42 0.42 117347.78 154.65
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (498288.69) _ (44.20) (50.16) (41.07) (41.07) (498373.96) (91.23)
U&LLKLGL¶LLTB :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - - - - - - - -
ELGV¶LLTUV :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - - - - - - - -
WGY[&L :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - _ 116.41 117.21 - - 116.41 117.21
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (150000.00) _ _ (179.10) (179.10) (150179.10) (179.10)
LT¶LK*LXUI&LTBGVPTL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB 99613.74 _ - - - - 99613.74 -
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (46368.21) _ _ _ _ (46368.21) -

LJLLTB&LTBGVPTL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
Y4KGVGÉLEÈG3L$L3LL B :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB _ _ -- -- -- -- -- --
ZIY¶LIZIUY! -- -- -- -- -- -- -- -- -- -- -- --
Q*LI0¶LP-'LL
OIY¶LI -- -- -- -- -- -- -- -- -- -- -- --
ZIUY! Q*LI
0¶LP-'LL
WQZWLG-3L¶LLTBEI -- -- -- -- -- -- -- -- -- -- -- --
<LKIO
WQZWLG-3L¶LLTBEI -- -- -- -- -- -- -- -- -- -- -- --
G$L¹I
ZIY¶LIZIUY! -- -- -- -- -- -- -- -- -- -- -- --
Q*LI0¶LP-'LL
MBOºL$¶LLU :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB 19471.63 - - - - - 19471.63 -
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (67531.70) _ _ _ _ _ (67531.70) -
ÈL*3L$¶LLU :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - -
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB _ _ _ _ _ _ _ _
MTPL BÈL*3LEKVL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB
MTPL BÈOLVEKVL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB
È$L6ÉLVMBGPOL B :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - -
ÈL*3LZL)LLBL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- --
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB - _ _ _ _ _ - -
$L4BEÈ)LLK _ _ _ _ _ _ _ _
ÈL*3LE&LILV _ _ _ _ _ _ _ _
** WVRLBGY¶LLTBWL4KER/MH¶LLTYIMB-'LLWLTBETML'LHR ZTVOTVELÈE7IEKLZT<LL&LLVE??M&$LG6ÉL3L*LL7I;ÈE7IEKLET*L4KLET&LÎTVUKVHIBGE¶LLY¶LLH4ULT

KL5¶L^LKLGV¶LBGL3LN]&LLTBELTNVEI TMIW6¶LM&$LG6ÉL3L*LL7¶LLTBMTZTVOTV&LTBMTGEMIMTM&$LG6ÉL3LMXQVLOTVTMT/X7OT3LLH4ULTKL5¶L^LKLGV¶LBGL3LHLTB"
163
Transactions with Related Parties*
(` in Lacs )
Items/ Parent** (as per Subsidiaries** Associates/ Joint Key Management Relatives of Key Total
Related Party ownership or ventures Personnel Management
control) Personnel
Maximum Maximum Maximum Maximum Maximum Maximum
2016-17
2016-17
2016-17
2016-17
2016-17
2016-17
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
Remuneration N.A N.A N.A N.A - - 115.42 NA NA NA 115.42 NA
N.A N.A N.A N.A -- -- (102.29) NA NA NA (102.29) NA
Borrowings N.A N.A N.A N.A -- -- - - - - - -
Deposits N.A N.A N.A N.A 117304.25 - 43.11 154.23 0.42 0.42 117347.78 154.65
N.A N.A N.A N.A (498288.69) _ (44.20) (50.16) (41.07) (41.07) (498373.96) (91.23)
Placement of N.A N.A N.A N.A - - - - - - - -
Deposits N.A N.A N.A N.A - - - - - - - -
N.A N.A N.A N.A - - - - 116.41 117.21
Advances 116.41 117.21
N.A N.A N.A N.A (150000.00) _ _ _ (179.10) (179.10) (150179.10) (179.10)
Investments in N.A N.A N.A N.A 99613.74 - - - - - 99613.74 -
share capital N.A N.A N.A N.A (46368.21) _ _ _ _ _ (46368.21) -
Investments in N.A N.A N.A N.A - - - - - - -
debentures N.A N.A N.A N.A - _ _ _ _ _ - -
Non funded N.A N.A N.A N.A _ _ -- -- -- -- -- --
Commitments
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
provided
Purchase of -- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of Fixed -- -- -- -- -- -- -- -- -- -- -- --
Assets
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Interest paid N.A N.A N.A N.A 19471.63 - - - - - 19471.63 -
N.A N.A N.A N.A (67531.70) _ _ _ _ _ (67531.70) -
Interest N.A N.A N.A N.A - -
received N.A N.A N.A N.A _ _ _ _ _ _ _ _
Receiving of N.A N.A N.A N.A - -
Services N.A N.A N.A N.A _ _ _ _ _ _ _ _
Rendering of N.A N.A N.A N.A - -
Services N.A N.A N.A N.A _ _ _ _ _ _ _ _
Management N.A N.A N.A N.A - -
contracts N.A N.A N.A N.A _ _ _ _ _ _ _ _
Dividend N.A N.A N.A N.A - - - --
received N.A N.A N.A N.A -- _ _ _ _ _ -- -
Bank Charges _ _ _ _ _ _ _ _
Commission _ _ _ _ _ _ _ _
Received
**The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 ‘Related Party Disclosure’,
which exempts state controlled enterprises from making any disclosures pertaining to their transactions with other related parties, which are also
state controlled.
164
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
*L7_7LTBETGZ ZT<LLBEV>ZT<LL&LLVE 18. Accounting for Leases – AS 19
GPºLI¶L*L7_7T Financial Leases:
E
GPºLI¶L *L7_7T *LK ZI YC; WLG-3L¶LLTB EL &LXZ &LX:¶L WL4K ` 41.65 ZL<L a. Original value of assets acquired on financial ` 41.65 lacs
lease and included in other fixed assets (including
W6¶LWQZWLG-3L¶LLTB&LTBMG&&LGZ3L ¾2VI;QKPGJ2%MQK furniture and fixture):
MGH3L
The amount of depreciation provided upto ` 41.65 lacs
NM *LK GE Y &LX:¶LÀLM EI ÈLPÉLLV EI KLGL ` 41.65 ZL<L 31.03.2017 thereon
3LE The written down value as on 31.03.2017 ` 1
ELTW*LGZG<L3L&LX:¶L `1 b. Minimum Lease Payment due not later than one ` 1
<L
EPL;MTWVGÉLE&LTB6¶LXV3L&LMBOT¶L*L7_7L)LRY3LLV `1 year
c. Minimum Lease Payment due more than one year NIL
Y
E PL; MT WGÉLE GE63LR PL; MT WVGÉLE &LTB MBOT¶L LX6 but not later than five years
6¶LXV3L&L*L7_7L)LRY3LLV
d. Minimum Lease Payment due later than five years NIL
L
PL;ET$LLOMBOT¶L6¶LXV3L&L*L7_7L)LRY3LLV LX6 e. Operating leases Not
.
*LGKQLZV*L7_7T GVL;GKSVHIB Ascertained
NJKLT%SWLBE.TJ[DBÉLV^LKLJ[FLGLSH4B"
(The above data is as certified by the Management)
ZT<LL&LLVEÈG3LLT¶LKWU;V 19. AS 20 - Earnings Per Share
Sl. Particulars 31.03.2017 31.03.2016

¹ GPPKL 31.03.2017 31.03.2016
No.
MB A EPS - Basic / Diluted (in `) (Non
E
C;*LI M&LXZ!3LVR²3L `&LT
B Y4KPLGL;EIEAS
6.45 -20.82 6.45 -20.82
Annualized)
<L
EKET*L1LL3L_YLEET*L&LTB N*L¶LLTYEI 13248018 (-39743960)
B Amount used as numerator 13248018 (-39743960)
YC;KLGLJKZL)L! HLGV
` &LT
B Profit/ (Loss) after tax (` in ’000)
Y
LT¶LKLTBELWBGE3L&LX:¶L `/-J[GSLTK ` 2/-ÈG3LLTK C Nominal value of share `2/- each `2/- each
D Weighted average number
L
&LX:¶LPY; ET *L&LTB N*L¶LLTYGE Y 2053213333.38 1909375143 of equity shares used as the 2053213333.38 1909375143
CG%P7ILT¶LKLTB EI)LLGK3LWL4M3LMB<¶LL denominator
ZT<LL&LLVEWL¶L*LKEKLTBETMB$LBÉL&LTBZT<LLBEV 20. AS 22- Accounting for taxes on Income
$L4BEVTZT<LLVIG3LMB<¶LLETWVRMLKWL-'LGY3LEKWLG-3L¶LLTB3L'LL The Bank has recognized deferred tax assets and liability
OT¶L3LLWLTBEI*LHQLVEIH4GUMETÈ&LR<L L7EGV&VGZG<L3LH4B as per accounting policy no. 7. Major components of
which are set out below:
` EKLT.FTB
(` in Crores)
GPPKL As on As on
Particulars
EIG-'LG3L EIG-'LG3L 31.03.2017 31.03.2016
WL-'LGY3LEKWLG-3L¶LL Deferred Tax Assets
/R7_7IVEOIEKLETGZ ÈLPÉLLV 557.86 519.52 Provision for Leave encashment 557.86 519.52
*LTBLVPN*LOLVETGZ ÈLPÉLLV 0.00 LX6 Provision for Pension & Gratuity 0.00 NIL
ÉLLKL$LIETW63LY;3LMLBGPGÉLEOT¶L3LL 0.00 0.56
Statutory Liability u/s 43B 0.00 0.56
WLLLTÉ PBMBGO9ÉLLETGZ ÈLPÉLLV 6035.66 4500.35
Provision for bad & doubtful debts 6035.66 4500.35
ULT. 6593.52 5020.43
Total 6593.52 5020.43
WL-'LGY3LEKOT¶L3LL B
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM -7.24 -7.54 Deferred Tax Liabilities
WL¶LEK WGÉLGV¶L&L> EI ÉLLKL
499.73 410.50 Depreciation on fixed assets -7.24 -7.54
viii
ETWB3LY;3LE7L43LI Deduction u/s 36(1)(viii) of Income Tax Act 499.73 410.50
ULT. 492.49 402.96 1961
WL-'LGY3LEKWLG-3L¶LL LR
6101.03 4617.47 Total 492.49 402.96
Deferred Tax Assets (Net) 6101.03 4617.47
PL; GJ/ZTPL;ÈKLT.
ETGZ JT`
EKLT.EIWL-'LGYSEKWLG-SLZL)LPHLGVvLSTFTBUFLEIYC;H4B" The deferred tax assets `1483.56 crore for FY 2016-17 (P.Y
3132.63 crore) is credited to Profit and Loss Account.
165
T<LL&LLVEM&LTGE3LGPºLI¶LGPPKLLTB&LTB MLTGM 7_M&LTB 21.
Z AS 23- Accounting for Investments in Associates in
GVPTLLTBETGZ ZT<LLBEV Consolidated financial Statements
Since Investments of the bank in its Associates are

Q
GX E$L4E
B EIW*LVIMH¶LLTYIMB-'LLWLTB &LTB )LLYIOLKIÈ²G3LELGVPTL
participative in nature and the Bank having the power
H4 WL4K $L4E
B ELT NVEI YG3LGPGÉL¶LLTB *LK &LH3P*LXL; È)LLP .LZVT EL to exercise significant influence on their activities, such
WGÉLELKH4>W3L$L4E B EIM&LTGE3LGPºLI¶LGPPKGL¶LLTB &LTB TMT GVPTLLTB Investments are recognized in the Consolidated Financial
ELT&LL6¶L3LLOIYC;H4"B Statements of the Bank.
ZT<LL&LLVE*LGKQLZVWPHLTVL 22. AS 24 - Discontinuing Operations
During the period from 01.04.2016 to 31.03.2017,

GOVLBEMT EIWPGÉLET OL4KLV$L4BEVT the bank has not discontinued operations of any of its
W*LVIGEMI)LILL<LLEL*LGKQLZVWPVHIBGE¶LLH4GUMET branches, which resulted in shedding of liability and
*LGKLL&L-P*LOT¶L3LLWLTB EIL4.YWL4KWLG-3L¶LLTB EL)LRY3LLV3L'LL realization of the assets and no decision has been
TMLELTC;GVL;¶LVHIBGZ¶LLY¶LLGUMMT*LGKQLZV&LTBELTC;)LIÈ)LLP finalized to discontinue an operation in its entirety which
*L.LHLT= will have the above effect.
23. AS 28 – Impairment of Assets

ZT<LL&LLVEWLG-3L¶LLTBEIW*LML&LL6¶L3LL
A substantial portion of the bank’s assets comprise
$L4E
B EIWLG-3L¶LLTB &LTB *L¶LL;*3LGH-MLGPºLI¶LWLG-3L¶LLTB ELH4GUV*LKZT<LL of ‘financial assets’ to which Accounting Standard 28
&LLVEWLG-3L¶LLTB EIW*LML&LL6¶L3LLZLYX VHIB H4"B $L4E B EIKL¶L&LTB ‘Impairment of Assets’ is NOT applicable. In the opinion
CVWLG-3L¶LLTB GUV*LK&LLVEZLYXHLT3LLH4
EIN%S&LLVEEIL3L; of the bank, there is no impairment of its assets (to
ETWÉLIVW*LTG\L3L*LHQLVETGZ ELTGEMI&LH3P*LXL; which the standard applies) to any material extent as
at 31.03.2017 requiring recognition in terms of the said
MI&LL3LEW*LML&LL6¶L3LLVHIBH4"
standard.
Z
T<LL&LLVEÈLPÉLLV>WLEG-&LEOT¶L3LL BWL4KWLEG-&LE 24. AS-29 Provisions, Contingent Liabilities and
WLG-3L¶LL Contingent Assets
i)OT¶L3LLWLTBETGZ ÈLPÉLLVLTB&LTB L7$L* i) Movement of provisions for liabilities*

` EKLT.FTB
(` in Crore)
GPPKL PT3LV$LEL¶LL ELVXVI&LL&LZT! Particulars Salary arrears Legal cases/
WLEG-&LE3LL B contingencies
WÈ4Z>ELTLTL 8.34 19.89 Balance as at 1st April 2016 8.34 19.89
(1294.00) (18.05) (1294.00) (18.05)
WPGÉLETOL4KLVNJZ$EKL Y 0.00 5.52 Provided during the period 0.00 5.52
(145.00) (4.65) (145.00) (4.65)
WPGÉLETOL4KLVÈ¶LR%SKLGL¶LLB 1.24 0.00 Amounts used during the period 1.24 0.00
(1430.66) (1.51) (1430.66) (1.51)
WPGÉLETOL4KLVGKP-.; 0.00 1.05 Reversed during the period 0.00 1.05
(0.00) (1.30) (0.00) (1.30)
FLQ;ELTLTL 7.10 24.36 Balance as at 31.03.2017 7.10 24.36
(8.34) (19.89) (8.34) (19.89)
$LGHPL;H!WGV1L¶LELM&L¶L Timing of outflow/uncertainties
*Excluding provisions for others

* W6¶LETGZ ÈLPÉLLVELT/LT.EK
Figures in brackets relate to previous year.
ELT#ELTBFTBGO Y WLBE.TGJ/ZTPL;MTM&DG6ÉLSH4B"
ii) WLEG-&LEOT¶L3LLWLTB*LKWVRMXQIOT<LTB ii) Refer Schedule-12 on contingent liabilities
&LMB<¶LL(i),(ii), (III), (IV), (V) P (VI)EI TMIOT¶L3LL BWOLZ3L!

¹ Such liabilities at S.No.(i), (ii), (III), (IV), (V) & (VI) are
*LBQL7!WOLZ3LIM&LL43LLTBETGVELLT>W*LIZLTBEIGV*L7LV>&LLBYIUL dependent upon the outcome of Court / arbitration / out
of court settlement, disposal of appeals, the amount
KHIKLGL>MBGPOLY3LOLG¶L3PLTBEIL3LLT>M&$L*LL7¶LLTB^LKLEIY¶LI
being called up, terms of contractual obligations,
&LLYLTB *LK¹&LLWLG+3LH4B TMT &LL&LZLTB &LTB ELTC; ÈG3L*LX3LÈ3¶LLGL3L
devolvement and raising of demand by concerned
VHIBH4B" parties, respectively.
166
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
L)LPHLGV<LL3LT&LTB 0¶L¶LLIL;ETW63LY;3LOLL;¶LTY¶LT??ÈLPÉLLV 25.

Z Break up of “Provisions and Contingencies” shown
PWLEG-&LE3LL BELGPPKLGV&VGZG<L3LH4 under the head Expenditure in Profit and Loss
Account is as follows:
` EKLT.FTB
(₹ in Crore)
GPPKL 31.03.2017 31.03.2016
Particulars 31.03.2017 31.03.2016
GVPTLLTB*LK&LX:¶LÀLMHT3LRÈLPÉLLV LR
486.65 345.49
Provisions for depreciation on investment (net) 486.65 345.49
WVU;EWLG-3L¶LLTBETGZ ÈLPÉLLV LR
12703.72 18469.15
Provision towards NPAs (net) 12703.72 18469.15
&LLVEWLG-3L¶LLTBETGZ ÈLPÉLLV 441.60 120.46
Provision towards Standard Assets 441.60 120.46
WL¶LEKETGZ ÈLPÉLLV /LT7T ZL)LEKWL4KVEKMGHS
686.74 -1763.49
Provision made towards Income Tax (including Fringe 686.74 -1763.49
W6¶LÈLPÉLLVWL4KWLEG-&LE3LL B -1078.35 -980.87
Benefit Tax & Wealth Tax)
GPPKL 31.03.2017 31.03.2016
Other Provision and Contingencies: -1078.35 -980.87
&LLVE*LRVMBKGQ3L -1683.38 -1491.17
Detail: 31.03.2017 31.03.2016
MMI!WLKMIELTG$L¹I 0.00 LX6 Standard Restructured -1683.38 -1491.17
$L7_7T<LL3LLPW6 -44.49 136.22 Sale to SC/RC 0.00 NIL
WLKGMZELTGD¹I 611.00 387.98 Written off & others -44.49 136.22
JRVMBKGQSMI.IWLK 38.52 -13.90 Sale to Arcil 611.00 387.98
J2WLC;7I Z Restructured CDR-FITL 38.52 -13.90
ULT. 13240.36 16190.74
Total 13240.36 16190.74
¾ZLT7YÈLPÉLLVLTBELGPPKLGV&VGZG<L3LH4
26. Break-up of Floating Provisions is as follows:
` EKLT.FTB
(₹ in Crore)
GPPKL 31.03.2017 31.03.2016
ÈLKG&)LELTL 360.25 360.25 Particulars 31.03.2017 31.03.2016
PL; ET OL4KLV GE Y ¾ZLT7Y ÈLPÉLLVLTB EI LX6 LX6 Opening balance 360.25 360.25
KLGL Quantum of floating provisions made during NIL NIL
the year
PL; ET OL4KLV WLHKL ^LKL EI YC; E&LI LX6 LX6
Purpose and amount of draw down made NIL NIL
.L.L¦VEIKLGLWL4KNÎT¶L
during the year
CG3LLTL 360.25 360.25
Closing balance 360.25 360.25
ÈLKG\L3LGVGÉLMTKLGLWLHKL
27. Draw Down from Reserves:
` ZL<LFTB
(₹ in Lacs)
¹&L ÈLKG\L3LGVGÉL GVELZI NÎT¶L
Sr. Reserves Amount Purpose
MB YC;KLGL No. drawn
W6¶LÈLKG\L3L LX6 FLQ; MT
1 Other NIL No claim has been received during
$ZL8%.<LLSL

EIMFL*SWPGETOL4KLV
Reserves the period ended March 2017
WBS LLvL ¹TG.7>$ZL8%. WL4K UVKZ (Blocked (01-04-2016 to 31.03.2017) against
ZTUKELT EIYC; 7LM
B J2.; ÈGPG7L8 ET Account) Inter Branch Credit entries, Blocked
GPÎELTC; OLPLÈL*SVHIHRWLH4" and transferred to General Ledger .
*LRV&LX;:¶LVÈLKG\L3L 5849.41 MB*LGºL ET *LRV&LX;:¶LV PLZT )LLY *LK 2 Revaluation 5849.41 Depreciation on revalued portion of
GVGÉL &LX:¶LÀLM reserves property.
7I F MT M&DGÉLS Y[LHELTB EI GLELSLTB MGHS $L4BEY 28. Disclosure of complaints and unimplemented
awards of Banking Ombudsman including customer
ZLTE*LLZETWGÉLGVL;¶LLTBELTG¹¶LLG6P3LVEKVTETM&$L6ÉL&LTB complaints pertaining to ATM.
ÈE7IEKL
E Y[LHEGLEL¶L3LTB a. Customer Complaints

E
PL;ETWLK&)L&LTBZG&$L3L 10239 18454 (a) No. of complaints pending at the 10239 18454
GLEL¶L3LLTBEIMB<¶LL beginning of the year
<L
PL;ETOL4KLVÈL*3LGLEL¶L3LLTBEI 628158 444193 (b) No. of complaints received during the 628158 444193
MB<¶LL year
Y
PL;ETOL4KLVGV*L7LC;YC;GLEL¶L3LLTB 622833 452408 (c) No. of complaints redressed during 622833 452408
EIMB<¶LL the year
L
PL;ETWB3L&LTBZG&$L3LGLEL¶L3LLTB 15564* 10239 (d) No. of complaints pending at the end 15564* 10239
EIMB<¶LL of year
167
<L$L4BEYZLTE*LLZ^LKLGO Y WGÉLGVL;¶L b. Awards passed by the Banking Ombudsman

E
PL;ETWLK&)L&LTBZLYXVGE 0 5
(a) No. of unimplemented Awards at the 0 5
Y WGÉLGVL;¶LLTBEIMB<¶LL beginning of the year
<L
PL;ETOL4KLV$L4BEYZLTE*LLZ^LKL 2** 203 (b) No. of Awards passed by the Banking 2** 203
*LLGK3LWGÉLGVL;¶LLTBEIMB<¶LL Ombudsman during the year
Y
PL; ET OL4KLV ZLYX GE Y 0 208 (c) No. of Awards implemented during the 0 208
WGÉLGVL;¶LLTBEIMB<¶LL year
L
PL; ET WB3L &LTB ZLYX V GE Y 2** 0 (d) No. of unimplemented Awards at the 2** 0
WGÉLGVL;¶LLTB EIMB<¶LL end of year
* 7I FET WGSGK%SGLELSLTB FTB MT>GLELSLTB ELGVJ7LVEKGOL * Out of 15564 complaints, 315 complaints other than ATM stands resolved
YLH4" as on date.
**OLTVLTBFLFZLTBFTBWJIZJ2LC;ZEKOIYC;H4" ** Appeal filed in both the cases
NJKLT%SGO Y DIWLT ^LKLJLGKSWPL8.; FTB PT LLGFZH4B GUVFTB WJIZ The awards passed by the BO as stated above are those where
appeals have been filed, the consolidation of data received
J2LC;ZEKOIYC;H4"WPL8.;J2LC;ZEKVTMTMBDBGSGPG)L6VELL;ZLTBMT
from various offices regarding of status of awards filed is in
J[L*S.L7LETMFTEVEL-7T7MJ[YGSFTBH4" progress.
GKJLT;G7BYETGZ GLELSLTBWL4KWPL8.;EL.L7LUVKT7EKVTETGZ D4BE The Bank is in the process of implementing centralized controls
ET6O[IEASGVBLLEIJ[G¹LELTG¹LG6PSEKKHLH4" to ensure that data of complaints and awards is generated
automatically for reporting.
D 4BEVTXVLC7T.GEBY.FFTBÈX.TBGMZKT9RZTLVW'LLTGK7I JIWLK
29. The Bank has issued a Letter of Comfort to Prudential
ELT XETG-'LSWJVIWVRLBYIJBULDV4LVZD4BE CB7KV4LVZ
Regulation Authority (PRA), the regulator in United
GZGF7T.ETMBDBFTB EQREL4SIWLPLMVJLULKIGELH4GUMFTB Kingdom, committing that the bank shall provide
CMDLSELWLPLMVGOLYL'LLGEGOJBULDV4LVZD4BE financial support to its subsidiary, Punjab National Bank
CB7KV4LVZ
GZGF7T.>XET WJVIGPºLIÈGSDSL B JXKIVEK (International) Ltd., UK so that it meets its financial
commitments as and when they fall due.
JL SLTD4BENMTGPºLIMHLSLÈOLVEKTYL"
The Prudential Regulatory Authority (PRA), regulator of
XETETKTYXZT7K>ÈX.TBGLZKTYXZT7KIW'LL8GK7I JIWLK
>ELTGOVLBE UK, has vide its letter dated 02.09.2015 put the Bank
ETOL4KLV?PL8QGZ-7ETSHSKvLYLH4"HL8ELTC; under ‘watch list’. There are no specific restrictions or
GPLTLJLDBOILJ4V:7IVHIBH4"JI VDIVTELT6XVSF penalties. PNB infused fresh capital of USD 100 million
KT9RZT7KI!JBXUIWLPESLWLTB ELT JXKLEKVT ET GZ X M.I on 31st March 2017 to help it to meet the minimum
GFGZVEIVC;EKTBMI.LZIH4" regulatory capital requirements.
Apart from the above, the Bank has not issued any
N%SETWGSGK%SD4E
B VTELTC; WLPLMVJLULKIVHIBGELH4"WS Letter of Comfort and therefore there are no cumulative
WLPLMVJLETWBSY;SELTC; MBQIGPºLIWJT\LL BVHIBH4" Financial obligations under Letter of Comfort.
$L4BE^LKLÈLK&)LGE Y $L4BEDIFLELKLT$LLKET M&$L6ÉL&LTB 30. Disclosure in respect of Insurance Business
ÈE7IEKL undertaken by the bank:
` EKLT.FTB
(` in Crore)
Particulars 31.03.2017 31.03.2016
GPPKL 31.03.2017 31.03.2016
Details of fees/brokerage/remuneration
M&LL*3L PL; ET OL4KLV $L4BE ^LKL GE Y earned in respect of Insurance, Broking,
&¶LRQRWZJ2B.ELKLT$LLKMGH3L$L4BEDIFLELKLT$LLK Agency and Business including Mutual Fund
ET M&$L6ÉL&LTB LR:E!*LLGK+G&LEET *LÈL*3L Business undertaken by the bank during the
KLGLELGPPKL year.
i) UIPV$LI&LLELKLT$LLK 110.19 86.47

(i) Life Insurance Business: 110.19 86.47
ii) Y4KUIPV$LI&LLELKLT$LLK 28.23 24.51
(ii) Non-life Insurance Business: 28.23 24.51
iii) &¶LRQRWZJ2B.ELKLT$LLK 3.59 03.38
(iii) Mutual Fund Business 3.59 03.38
ULT. 142.01 114.36 TOTAL 142.01 114.36
168
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
. I.U&LLKLGL¶LLTB>WGY[&LLTB>LULTG<L&LLTBWL4KWVU;EWLG-3L¶LLTBEL 31. I. Concentration of Deposits, Advances, Exposures

ET6ÇIEKL and NPAs:
E
U&LLKLGL¶LLTBELET6ÇIEKL (a) Concentration of Deposits:
` EKLT.FTB
(` in Crore)
M$LMT$L.T U&LLEºLL;WLTB EIERZU&LLKLGL 20483.38 22798.04 Total Deposits of twenty largest depositors 20483.38 22798.04
D4BEEIERZUFLKLGLEISRZVLFTBMDMT 3.29 % 4.12% Percentage of Deposits of twenty largest 3.29 % 4.12%

D.TUFLESL;WLTBEIUFLKLGLELJ[GSLS depositors to Total Deposits of the bank
<L
WGY[&LLTBELET6ÇIEKL (b) Concentration of Advances:
` EKLT.FTB
(` in Crore)
M$LMT$L.TGL¶LLTBETERZWGY[&L 73798.66* 59785.73 Total Advances of twenty largest borrowers 73798.66* 59785.73
$L4BEET ERZWGY[&LLTB EI3LRZVL&LTB M$LMT 16.71 % 13.81% Percentage of Advances of twenty largest 16.71 % 13.81%
$L.TGL¶LLTBETWGY[&LLTBELJ[GSLS borrowers to Total Advances of the bank
* NJR%S.L7LJ[DBV^LKLJ[FLGLSH4"
(*The above data is as certified by the Management)
Y
%MJLTUKELET6ÇIEKL (c) Concentration of Exposures:
(` in Crore)
` EKLT.FTB

Total Exposures of twenty largest borrowers/ 82128.48* 71884.38
M$LMT $L.T GL¶LLTB!Y[LHELTB ELT GO¶LL Y¶LL 82128.48* 71884.38
customers
ERZ %MJLTUK
Percentage of Exposures to twenty largest 14.75 % 13.35 %
$L4E
B ETERZLEI3LRZVL&LTB M$LMT$L.T 14.75 % 13.35 % borrowers/customers to Total Exposures of
GL¶LLT!B Y[LHELTB ELTÈOºL %MJLTUKELJ[GSLS the bank on borrowers/customers
*NJR%S.L7LJ[DBV^LKLJ[FLGLSH4"
(*The above data is as certified by the Management)
L
WVU;EWLG-3L¶LLTBELET6ÇIEKL (d) Concentration of NPAs:
` EKLT.FTB
(` in Crore)

7L8J VJI <LLSLTBFTBERZ %JLTUK 9520.21 10465.40 Total Exposure to top four NPA accounts 9520.21 10465.40
(e) Provisioning Coverage Ratio:

.
ÈLPÉLLVIEKLEPKTUWVR*LL3L
ÈLPÉLLVIEKLEPKTUWVR*LL3L 58.57 % 51.06% Provisioning Coverage Ratio 58.57 % 51.06%
""\LTLPLKWGY[&L* II. Sector-wise advances*:

` EKLT.FTB
(` in Crore)
¹ \LTL 3LE 3LE Sl. Sector As on 31.03.2017 As on 31.03.2016
No.
MB ERZ MEZ CV\LTLLTB&LTB ERZ MEZ CV\LTLLTB&LTB Outstanding Gross Percentage Outstanding Gross Percentage
Total NPAs of Gross Total NPAs of Gross
$LEL¶LL V*LI ERZWGY[&LLTB $LEL¶LL V*LI ERZWGY[&LLTB Advances NPAs Advances NPAs
WGY[&LTB &LTBMTMEZ WGY[&LTB &LTBMTMEZ to Total to Total
V*LI EL V*LI EL Advances Advances
in that in that
ÈG3LL3L ÈG3LL3L sector sector
W ÈL'LG&LE\LTL A Priority
Sector
1. ²GL PB 65629.56 6353.16 9.68 72985.31 4381.00 6.00 1. Agriculture 65629.56 6353.16 9.68 72985.31 4381.00 6.00
MHL¶LE and allied
YG3LGPGÉL¶LL activities
169
2. ÈL'LG&LE\LTL 20841.75 3482.64 16.71 24217.99 3465.81 14.31 2. Advances 20841.75 3482.64 16.71 24217.99 3465.81 14.31
ETLLTBET to
industries
GZ *LLL sector
WL4]LTGYE\LTLLTB eligible
ELTWGY[&L as priority
sector
lending
3. MTPL B 37726.50 2998.24 7.95 43463.50 3448.81 7.93
3. Services 37726.50 2998.24 7.95 43463.50 3448.81 7.93
4. 0¶LG%SY3L 13915.67 804.79 5.78 21724.91 868.58 4.00
4. Personal 13915.67 804.79 5.78 21724.91 868.58 4.00
L loans
N*LULT. 138113.48 13638.83 9.88 162391.71 12164.20 7.49 Sub-total 138113.48 13638.83 9.88 162391.71 12164.20 7.49
W
(A)
WL Y4KÈL'LG&LE B Non
\LTL Priority
Sector
1. ²GL PB 12081.95 272.78 2.26 0.00 0.00 0.00
1. Agriculture 12081.95 272.78 2.26 0.00 0.00 0.00
MHL¶LE and allied
YG3LGPGÉL¶LL activities
2. CB.-7I 126011.79 33021.60 26.21 124997.35 34358.49 27.49 2. Industry 126011.79 33021.60 26.21 124997.35 34358.49 27.49
3. MTPL B 125350.53 7397.39 5.90 132127.17 9016.76 6.82 3. Services 125350.53 7397.39 5.90 132127.17 9016.76 6.82
4. 0¶LG%SY3LL 40193.61 1039.85 2.59 13258.81 278.88 2.10 4. Personal 40193.61 1039.85 2.59 13258.81 278.88 2.10
N*LULT. 303637.88 41731.62 13.74 270383.33 43654.13 16.15 loans
W
Sub-total 303637.88 41731.62 13.74 270383.33 43654.13 16.15
(B)
ERZULT. 441751.36 55370.45 12.53 432775.04 55818.33 12.90
Total 441751.36 55370.45 12.53 432775.04 55818.33 12.90
WWL
(A+B)
*J[DBV^LKLJ[FLGLSGELYL" *As certified by the Management
III. WVU;EWLG-3L¶LLTB&LTB L7$L III. Movement of NPAs:

(` in Crores)
` EKLT.FTB
31.03.2017 31.03.2016 Particulars 31.03.2017 31.03.2016

GPPKL
55818.33 25694.86 Gross NPAs Opening balance 55818.33 25694.86
MEZWVU;EWLG-3L¶LLÈLKG&)LELTL
22414.58 42251.80 Additions (Fresh NPAs) during the year 22414.58 42251.80
PL;ETOL4KLVPAG V¶LIWVU;EWLG-3L¶LL
Sub-total (A) 78232.91 67946.66

N*LULT. W
78232.91 67946.66
Less:
L7L B
2980.69 1381.66
(i) Up gradations 2980.69 1381.66
(i) OUL;$LL
10676.65 4261.88 (ii) Recoveries (excluding recoveries made 10676.65 4261.88
(ii) PMXZI GUV<LL3LLTB ELOUL; $LLNV&LTB HRC;
from upgraded accounts)
PMXZIELT/LT.EK
(iii) Technical /Prudent Write-offs 9205.12 6484.79

(iii) 3LEVIEI!ÈX.TB7KLC;7WL8¾2 9205.12 6484.79
(iv) Write-offs other than those under (iii)
(iv)N%SELT/LT.EKGE¶LLY¶LLKLC;7WL8¾2 above
N*LULT. WL
22862.46 12128.33 Sub-total (B) 22862.46 12128.33
MEZWVU;EWLG-3L¶LL8BWG63L&LLTL WWL
55370.45 55818.33 Gross NPAs Closing balance (A-B) 55370.45 55818.33
SEVIEIKLC;7WL8J23L'LLCM&LTBEIYC;PMXGZ¶LLTBELGPPKL Detail of Technical write-offs and the recoveries

made there on:
` EKLT.FTB
(` in Crores)
GPPKL ELT ELT Particulars As on As on
31.03.2017 31.03.2016
3LEVIEI!ÈX.TB7KLC;7WL8J2<LL3LLTB EL 16558.14 11146.09
Opening balance of Technical / Prudential 16558.14 11146.09
ÈLKBG)LELTL written-off accounts
ULT. PL; ET OL4KLV 3LEVIEI! 11485.94 7691.61
Add : Technical / Prudential write-offs during 11485.94 7691.61
ÈX.TBGLZKLC;7WL8J2 the year
N*LULT. W
28044.08 18837.70
Sub-total (A) 28044.08 18837.70
E&LI PL; ET OL4KLV 3LEVIEI! Less : Recoveries made from previously
ÈX.TBGLZ KLC;7WL8J2 <LL3LT EI YC; 4484.79 2279.56 technical / prudential written-off accounts 4484.79 2279.56
PMXZI WL
during the year (B)
WBG3L&LLTL WWL
23559.29 16558.14 Closing balance (A-B) 23559.29 16558.14
170
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
IV. GPOTLG-'L3LWLG-3L¶LL>WVU;EWLG-3L¶LLWL4KKLU-P IV. Overseas Assets, NPAs and Revenue:

(` in Crores)
` EKLT.FTB
ERZWLG-3L¶LL 85293.00 95061.84 Total Assets 85293.00 95061.84
ERZWVU;EWLG-3L¶LL MEZ
2298.58 1394.37 Total NPAs (Gross) 2298.58 1394.37
ERZKLU-P 2463.39 2489.98 Total Revenue 2463.39 2489.98
V. 3LRZV*LLET WZLPL$L4E

B ^LKLÈL¶LLTGU3LGPLTLÈ¶LLTUV&LLÉ¶L&L V. Off-balance sheet SPVs sponsored by the Bank
GUVELZT<LLBEV&LLVO.LTB ETWVRMLKM&LTEVW*LTG\L3LH4
(which are required to be consolidated as per
accounting norms)
SEHFLKTD4BE^LKLJ[LLTGUSGPLTLJ[LTUVFLÉFGV&VPS The details of SPVs sponsored by our Bank as on
H4B 31.03.2017 are as under:
J[LLTGUSGPLTLJ[LTUVETVLF Name of the SPV sponsored
LKTZX GPOTLI Domestic Overseas
M/s Millennium City Expressways Pvt. Ltd. (MCEPL)

F4MGFZTGVFMI7I %MJ[TMPTJ[LGZ FMIC;JI Z
% of No. of Equity No. of Total No. of Share

LTKLGKSL CG%P7ILTKEI WLTMIWLKJIMI LTKLTBEIERZ LTKFX: Share Shares OCRPS Shares Value (Rs. Nil
ELJ[GSLS MB<L EIMB<L MB<L ` EKLT.
LX6 Holding Cr.)
29.06% 18,20,00,000 2,95,36,321 21,15,36,321 211.54 29.06% 18,20,00,000 2,95,36,321 21,15,36,321 211.54
¹TG.7EL.;WL4K.TG$L7EL.;ÉLLKELTBELTGKPL.;*PLCB7 32. Reward Points of Credit Card & Debit Card
i. U
D E)LI JI VDI 9ZLTDZ ¹TG.7 WL4K .TGD7EL.; ÉLLKE WJVT i. PNB Global Credit & Debit Cardholders are rewarded
¹TG.7EL.; WL4K.TGD7EL.; ELÈLTYEKET <LKIOOLKIEKST H4B as and when they make purchases through usage of
Credit & Debit Card. Reward Points are generated at
SLTN6HTB GKPL8.; ETWBEÈOLVGETULSTH4"B TWBEN6HTB SDGFZST the time of usage of Credit & Debit Card by Cardholder
H4B UDPTGEMI0LJLGKEMB-'LLVJK¹TG.7WL4K.TGD7EL.;EL at merchant Establishment. Card holder can redeem
ÈLTYEKST H4"B EL.;ÉLLKECVWBELTB ELT EGLSEKMESLH4" the accumulated reward points. The amount payable
GKPL8.; WBELTB ETELKLOTKLGLELTZL)LPHLGV<LLSTFTB È)LLGKS on account of reward points is charged to Profit
GELULSLH4WL4KO4GVEWLÉLLKJKGPG)L6VÈLPÉLLV<LLSTFTB ¹TG.7 and Loss account and credited to Sundry Provision
GELULSLH4%LTGB EHKLGLJGKFLLLT9HLTSIH4" Account on daily basis.
$LEL¶LLGKPL.; *PLCB7LTB ¹TG.7EL.; 3L'LLNVET MB$LBÉL&LTB GE Position of outstanding reward points and provision
regarding Credit Cards is as under:
Y ÈLPÉLLVEIG-'LG3LGV&VGZG<L3LH4
Particulars As on As on
GPPKL ELT ELT 31.03.2017 31.03.2016
$LEL¶LLLTLGKPL.;*PLCB7 169893570 127306913
Balance Reward Points outstanding 169893570 127306913
CV *PLCB7 ET GZ GE¶LL Y¶LL ÈLPÉLLV 213.97 159.19
Provision held for these points (ìn Lacs)* 213.97 159.19
` ZL<L&LT
B
* ¹TG.7EL.;ETM&DBFTBGKPL.;*PLCB7ETGP*PLCB7ETGZ ` *The provision held against Rewards points in respect of Credit Cards has
been worked out at ` 0.50 for 1 point. Based on past trend of redemption,
ELÈLPÉLLVK<LLYLH4 GUMT GJ/ZT PL; EISKHWVRFLGVSWLÉLLKJK provision has been made @ 25% of accumulated Reward points on estimated
@% FX:LBGESGELYLH4" basis as in the previous year.
ii. ZL8¶L:7IGKPL.;.TG$L7EL.;MTMB$LBGÉL3L$LEL¶LL*LRK-ELKWBELTB ii) Position of outstanding reward points and

provision thereon regarding Loyalty Reward
WL4KNV*LKÈLPÉLLVEIG-'LG3LGV&VP3LH4 Points- Debit Cards is as under:
ZL8:7IGKPL.;WBELTBELLTL 2208155387 863549121 31.03.2017 31.03.2016
Balance of loyalty reward points 2208155387 863549121
GKPL8.WBELTBETGZ GELYLÈLPÉLLV 828.05 333.97
Provision held against reward points (ìn 828.05 333.97
ZL<LFTB
* Lacs)*
* ZL8:7IGKPL.; *PLCB7FTB *PLCB7ET GZ ÈLÈLPÉLLVK<LLYL *The provision held against Loyalty Reward points has been worked at
H4 GUMT GJ/ZT PL; EISKHWVRFLGVSWLÉLLKJK% FX:LBGESGEL ` 0.25 for 1 point, which has further been valued at 15% on estimated basis
YLH4" as in the previous year.
171
ÈGS)LXGSEKLMTM&DG6ÉLSÈE7IEKL 33. Disclosures relating to Securitization
ÈGS)LXSWLG-SLTBEIDELLKLGL OUTSTANDING AMOUNT OF SECURITISED ASSETS:
¹ GPPKL MB<L!` SI. Particulars No/`. in
MB EKLT.FTB No crore
ÈGS)LXGSEKLZTVOTVLTBETGZ D4BE^LKLÈLTGUS
MJIPIEIMB<L 1. No of SPVs sponsored by the bank for securitization
transactions
D4BE^LKLÈLTGUS MJIPIEIDGHLTBETWVRMLK
2. Total amount of securitized assets as per books of the
ÈGS)LXSWLG-SLTBEIERZKLGL SPVs sponsored by the bank
3. Total amount of exposures retained by the bank to
SRZVJLEIGSG'LELT FWLKWLKEIWVRJLZVL comply with MRR as on the date of balance sheet
FTBD4BE^LKLKLTETY LLTBEIERZKLGL
a) Off-balance sheet exposures
E SRZVJLDLH_ %MJLTUK First loss
È'LFHLGV
Others
W6
b) On-balance sheet exposures
<L SRZVJL %MJLTUK
First loss
È'LFHLGV
W6 Others
FWLKWLKMTG)L6VÈGS)LXGSEKLZTVOTVLTBETÈGS 4 Amount of exposures to securitization transactions other

than MRR
%MJLTUKKLGL
LX6 a) Off-balance sheet exposures NIL
E
SRZVJLDLÂ %MJLTUK
i) Exposure to own securitizations
i) -PBÈGS)LXGSEKLELT %MJLTUK
First loss
È'LFHLGV
Others
HLGV
ii) Exposure to third party securitizations
ii) W6J\LÈGS)LXGSEKLELT %MJLTUK
First loss
È'LFHLGV
Others
HLGV
<L
SRZVJL %MJLTUK b) On-balance sheet exposures
i) -PBÈGS)LXGSEKLELT %MJLTUK i) Exposure to own securitizations
È'LFHLGV First loss
HLGV Others
ii) W6J\LÈGS)LXGSEKLELT %MJLTUK ii) Exposure to third party securitizations
È'LFHLGV First loss
HLGV Others
¹TG.7G.J2L:7-P4*L 34. Credit Default Swaps

QGX E $L4E
B MI.I M MBGPOLWLTB ET &LX:¶LV HT3LR ELTC; -PLG&L3P &LX:¶LV Since the Bank is not using any proprietary pricing model
&LL8.ZELÈ¶LLTYVHIB EK3LLWL4KELNB7KMBGPOL WLT 7IMI
*LKH4> for pricing CDS contracts, and it is over the counter
W3L&LX:¶LELGVÉLL;KLYG3L&LLV$LLULK^LKLHLT3LLH4"B CMJ[ELK)LLKSI contract (OTC), the price is determined by the market
GKU;PD4E B ETPS;FLVGOLLGVOT; LLTB EILSL;VM
R LKELTC; J[E7IEKLVHIB dynamics. As such no disclosure is to be made in terms
of extant RBI guidelines.
GELULVLH4"
U&LLE3LL; GL\LL PB ULYESL GVG .IC; J2
ELT 35. Transfers to Depositor Education and Awareness
Fund (DEAF):
WB3LGK3L
In compliance to RBI Circular No.DBOD.NO.DEAF.
W LKDIWLC; ET JGKJLMB .IDIWLT.IMB.IC; J2MTZDIMI!
CELL.BC.114/30.01.002/2013-14 dated 27.05.2014, the
!>GOET WVRJLZVFTB D4E B VT .IC; J2 Bank has transferred the following amount to RBI, as per
LTUVL>ETWBSY;SGV&VKLGLWLKDIWLC;ELTWBSGKSEIYC;H4" Depositor Education and Awareness Scheme, 2014.
172
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
` EKLT.FTB
(` in Crore)
GPPKL ELT ELT Particulars As on 31.03.2017 As on 31.03.2016
Opening balance of amounts 676.58 422.05

.IC; J2 ELT WB3LGK3L KLGL EL 676.58 422.05 transferred to DEAF
ÈLKG&)LELTL
Add : Amounts transferred to 537.54
ULT. WPGÉL ET OL4KLV .IC; J2 537.54
DEAF during the period 264.52
264.52
ELTWB3LGK3LEIYC;KLGL
17.79 Less : Amounts reimbursed 17.79
E&LI %ZT&L ET GP .IC; J2 by DEAF towards claims 09.99
09.99
^LKLKLGLEIÈG3L*LX3L
* ELT .IC; J2 ELT Closing balance of amounts
1196.33 676.58 transferred to DEAF as at 1196.33 676.58
WB3LGK3LEIYC;KLGLELWBG3L&LLTL 31.03.2017*
* GPºLI¶LGPPKLIEIWVRMXQIETWB3LY;3L??WLEG-&LEOT¶L3LLWLTBW6¶LET *Reflected as "Contingent Liability - Others, items for which the bank is
3LL4K*LKÈOL3LHRWLH4" contingently liable" under Schedule 12 of the financial statements.
36. Unhedged Foreign Currency Exposure (UFCE):

WLKG\LSGPOTLIEKTBMI %-JLTUK X J2MIC;

The Bank has framed a policy to manage currency
D 4BEVTFRO[LLULTG<LFJ[DBVETGZ VIGSDVLC;H4WL4KD4BEEI induced credit risk and has been incorporated in bank’s
LÈD6ÉLVULTG<LFJLGZMIFTBCMTGV&VPSMFLGP7 Credit Management & Risk Policy 2017-18 as follows:
GELH4" “In terms of RBI guidelines Bank should monitor the
currency wise Un-hedged Foreign Currency Exposure
LKDIWLC; VT GOLLGVO;TL GO H4B GE GSFLHI ET WBSFTB PLGL;E
W in the books of borrowers at quarter ends along-with
C;DIWLC;.IETML'LD4BEEKTBMIETWVRMLKNLKESL;WLTBETvLSLTB the Annualized Earnings Before Interest & Depreciation
FTBWLKG\LSGPOTLIEKTBMI %-JLTUKJKGVBLLKvTYL"vLSLTBFTB (EBID). The incremental provision (ranging from 0 to
MTDIJI MEI+TLISEETCB¹IFTB7ZÈLPLV>ULTGEERZ 80 bps on total credit exposure, over and above the
¹TG.7 %-JLTUK PBJXBUIEIWLPESL>-74..;WLG-SÈLPÉLLV standard asset provisioning) and capital requirement will
depend on likely loss (due to foreign currency fluctuation),
PBJXBUIEIWLPESLWL4KM&)LPSNMMTHLTVTPLZIHLGVET
that borrowers may face due to their un-hedged forex
GZ NLKESL; ELT WJVT vLSLTB FTB PHVEKVLHLTYL"CMSKH
exposure in their books. Bank shall maintain separate
ETvLSLTBFTBÈLPLVEIWLPESLVRMLK %-JLTUM;ETGZ D4BE charge and provisioning requirement on account of such
EWZYQLU;DVL YL>GUMEIZLYSNÉLLKESL;^LKLPHVEI exposures which may impact the cost to the borrowers.
UL YI"D4BEEIGPºLIGPPKLIFTB EMFRGQS %-JLTUKDVLL Appropriate disclosures in the financial statements of the
UL YL" bank shall also be made.”
` EKLT.FTB
(` in Crore)
CB¹IFTB7ZÈLPÉLLV 18.02 26.82 Incremental Provision 18.02 26.82
K<LIYC;CB¹IFTB7ZE4GJ7Z 58.46 65.32 Incremental capital held 58.46 65.32
CB7LY[R*L %-*LLTUK 37. Intra-Group Exposures

(` in Crore)
` EKLT.FTB
E CB7LY[R*L %-*LLTUKEIERZKLGL 2614.08 2920.08 a) Total amount of intra-group exposures 2614.08 2920.08
<L LIL;CB7LY[R*L %-*LLTUK* EIERZKLGL 2614.08 2920.08 b) Total amount of top-20 intra group 2614.08 2920.08
exposures.*(3 entities)
B7I7I

0.47 % 0.54 % c) Percentage of intra-group exposures to 0.47 % 0.54 %
Y NÉLLKE3LL;WLTB!Y[LHELTB *LK $L4BE ET ERZ total exposure of the Bank on borrower/
%-*LLTUK &LTB MT CB7L Y[R*L %-*LLTUK EL customers ( As on 31.03.2017).^
ÈG3LL3L ELT
d) Details of breach of limits on intra-group NIL NIL
L CB7LY[R*L %*LLTUK*LKGZG&L7ETNkB LVEL LX6 LX6 exposures and regulatory action, if any.
$¶LL4KL PBKTYRZT7KI %LV>¶LGOELTC;HLT
* 1) *LI V$LI HLNMY ¾2LC;VTBM GZ 2) *LI V$LI GY:7_M GZ 3) GÈBGMJZ JI VDI *1) PNB Housing Finance Ltd. 2) PNB Gilts Ltd. 3. Principal PNB Asset
Management Co. Pvt. Ltd.
WLG-SÈD6ÉLVEÈLGZ
173
ÊLTD4BEELERZ %MJLTUK556869.31 EKLT. ^Total exposure of the bank are Rs. 556869.31 crores as on 31.03.2017.
QZGVGÉLEPKTUWVRJLS 38. Liquidity Coverage Ratio

QZGVGÉLEPKTUWVRJLSJKYRLL3FEÈE7IEKL QUALITATIVE DISCLOSURE ON LIQUIDITY COVERAGE RATIO
ZGVG EPKTU WVRJLS JK D4BE VT WLKDIWLC; GOLLGVOT;LLTB ELT
Q The bank has implemented RBI guidelines on Liquidity
UVPKIMTWVRJLZVLEIH4" Coverage Ratio (LCR) from 1st January 2015.
ZMIWLKFLVEELNO_OT HMRGVGQSEKVLH4GED4E B EMFRGQS The LCR standard aims to ensure that a bank maintains
-SKEL)LLKFR%SN1QYRLP3SLJXL;QZGVGWLG-SLTB ELK<LK<LLPK<LT" an adequate level of unencumbered High Quality Liquid
QZGVGSVLPY[-SMTVGT KLTJGKOAETWBSY;SGOVLTB ETWBOKQZGVG Assets (HQLAs) that can be readily converted into cash
WLPESLWLTB ELT JXKLEKVT ET GZ GUMT FX:ELWLMLVIMT ER/ at little/no loss of value to meet its liquidity needs for a
VEOI!HLGVKGHSFX:FTB JGKPGS;SGELULMESLH4" 30 calendar day time horizon under a liquidity stress
scenario.
ZMIWLKETOLT L7EH4B LCR has two components:
i N 1QYRLP3SLJXL; QZGVG WLG-SLTB ET -7LE Q%X Z
i. The value of the stock of High Quality Liquid Assets
ELFX:6XFKT7K" (HQLA) – The Numerator.
ii RZ LR VEOI DLÂ J[PLH GOVLTB ET DLO ET GZ
E ii. Total Net Cash Outflows: Total expected cash
SVLPY[-SMTVTGKLT FTB ERZWVRFLGVSVEOIDLÂJ[PLH L7L" outflows minus Total expected cash inflows in stress
ERZWVRFLGVSVEOIWBSKJ[PLHG.VLTGFVT7K" scenario for the subsequent 30 calendar days - The
denominator.
ZMIWLKEIJGK)LLLL
Definition of LCR:
N1QYRLP3SLJXL;QZGVGWLG-SLTBEL-7LE Q%X Z
≥ 100% Stock of high quality liquid assets (HQLAs)

WYZTE4ZT .KGOVLTTB MTWGEERZLRVEOIDLÂJ[PLH ≥ 100%
Total net cash outflows over the next 30 calendar days
The LCR requirement has become binding on the banks
VIQTGO Y 6XVSFWLPE-SKEI7LCFZLCVETML'LD4BE with the following minimum required level as per the
JK ZMIWLKEIWLPESL EDLÉSLDVYC;H4 time-line given below:
UVPKI> UVPKI> UVPKI>UVPKI>UVPKI> Jan 1, Jan 1, Jan 1, Jan 1, Jan 1,

2015 2016 2017 2018 2019
6XVSF ZMIWLK Minimum LCR 60% 70% 80% 90% 100%
ELT GPGVLFE WJT\LLWLTB ET WVRMLK J[GSLS As at 31.03.2017, against the regulatory requirement
ZMIWLKETJ[GSMFTGES-SK LKTZX PBGPOTLILL<LLWLTBMGHS
of 80%, bank is maintaining LCR at 143.16% (average
of daily observation over the previous Quarter) at
ELGSFLHIWL4MSELJL;*S-SKH4" consolidated level (including domestic & foreign
D 4BE ET ZMIWLK EL FR< L7E N1Q YRLP3SLJXL; QZGVG subsidiaries).
WLG-SLB H4 Q%X Z
GUMMT HK MF D4BE EI QZGVG The main drivers of LCR of the bank are High Quality
WLPESLWLTBELTJXKLGELULMETS'LL<LROKL PB/LT7TELKLTDLKI Liquid Assets (HQLAs) to meet liquidity needs of the
Y[LHELTB ELT DRGVLOI J2BG.BY EI UL MET" D4BE ET ERZ UFL bank at all times and basic funding from retail and small
business customers. The retail and small business
JLT7;J2LTGZLT EL ZL)L WBLOLV <LROKL S'LL /LT7T ELKLTDLKI
customers contribute about 69.08% of total deposit
Y[LHELTBELH4GUMMT!ELZLTKVWLJ2J24%7KWLEGL;SHLTSL portfolio of the bank which attracts low run-off factor of
H4" 5/10%.
N1QYRLP3SLJXL;QZWLG-S Q%X Z
EIMBKQVL Composition of High Quality Liquid Assets (HQLA)
-SK P -SK WLG-SLTB EI Q%X Z MFLGP7 H4B -SK HQLAs comprises of Level 1 and Level 2 assets. Level
WLG-SLB>CVEIEIFSWG-'LKSLELTOT<LSTHR C6HTBWLYT-SKE 2 assets are further divided into Level 2A and Level 2B
assets, keeping in view their marketability.
P-SK<LWLG-SLTBFTBGP)LLGUSGELYLH4"
Level-1 assets are those assets which are highly liquid.
-SK WLG-SLB> PT WLG-SLB H4B ULT N1Q ÈPLHI H4B" FLQ;> For quarter ended Mar 31, 2017, the daily observation
ELTMFL*SGSFLHIETGZ VEOILTL>WGSGK%SMIWLKWLK> average over the previous quarter Level-1 asset of the
WGSGK%S M ZWLK>MGHSD4BEEI-SKWLG-SLB F M J2P bank includes Cash in Hand, Excess CRR, Government
Securities in excess of SLR, sovereign securities besides
J2 Z ZMIWLKETWZLPL-PL3SJ[GS)LXGSLB>DLULKIJ[GS)LXGSLB
MSF & FALLCR and Marketable securities totalling Rs.
ETLTYEKLT.ELT/LT.EKH4" 135969.40 cr.
174
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
-SKEP<LPTWLG-SLBH4B ULT6XVÈPLHIWL4KNVEI)LLKKLGL Level - 2A & 2B assets are those assets which are less
liquid and their weighted amount comes to Rs. 9283.52
EKLT. JKWLYIH4"FLQ;>ELTMFL*SGSFLHI
cr. Break-up of daily observation Average HQLA during
ETOL4KLV Q%X Z ELD[ET WJGV&VLVRMLKGOLYLH4 quarter ended Mar 31, 2017 is given hereunder:
N1QYRLP3SLSKZMBJG3S Q%X Z
Q%X Z ELT High Quality Liquid Assets (HQLAs) Average % age
contribution to
LTYOLVWL4MSV HQLA
-SKWLG-SLBB Level 1 Assets
HL'LFTBVEOI 1.06%
Cash in hand 1.06%
WGSGK%SMIWLKWLKLTL 0.31%
Excess CRR balance 0.31%
6XVSF M ZWLKWLPESLWLTBETWGSGK%SMKELKI 48.18%
Government Securities in excess of minimum SLR 48.18%
J[GS)LXGSLB requirement
WGVPL; M ZWLKWLPESLWLTBETWBSY;SMKELKI 7.73% Government securities within the mandatory SLR 7.73%
J[GS)LXGSLB F M J2ETWBSY;SWLKDIWLC;^LKLPAGEI requirement, to the extent allowed by RBI under
MSF (presently to the extent of 2 per cent of NDTL)
WVRFGS PS;FLVFTB V.I7I ZELJ[GSLSEIPAG
Marketable securities issued or guaranteed by 1.52%

DTMZ IIFLVEIEAS J[LQ T ET WBSY;S%ULTG<LF)LLKPLZI 1.52%
foreign sovereigns having 0% risk-weight under
GPOTLI-PL3SLTB ^LKLULKILYLKB7IOIYC;DLULKIJ[GS)LXGSLB Basel II Standardized Approach
QZGVGEPKTUWVRJLSETGZ NJZ$QZGVGEI 34.81% Facility to avail Liquidity for Liquidity Coverage Ratio 34.81%
MRGPL J2 Z ZMIWLK PS;FLVFTB V.I7I ZEL – FALLCR (presently to the extent of 9 per cent of
J[GSLSEIPAG
NDTL)
ERZ-SKWLG-SLB 93.61% Total Level 1 Assets 93.61%
ERZ-SKEWLG-SLB 5.77% Total Level 2A Assets 5.77%

ERZ-SK<LWLG-SLB 0.62% Total Level 2B Assets 0.62%
Q%X Z ELERZ-7LE 100.00% Total Stock of HQLAs 100.00%
GVÉLIVM[LTSLTBELMBET6ÇL Concentration of Funding Sources

This metric includes those sources of fundings, whose
CMF4G7EFTBNVGVGÉLLTBETM[LTSLTBGUVELWLHKLQZGVGÉLULTG<LFLTB
withdrawal could trigger liquidity risks. It aims to address
ET WÉLIV H4> LLGFZ H4" CMEL NÎT È3TE FH3PJXL; ÈGSJ\L the funding concentration of bank by monitoring its funding
WL4KÈ3TEFH3PJXL; N3JLO!GZ<LSMT WJTG\LSCMET GVÉLIVEI requirement from each significant counterparty and each
GVYKLVI^LKLD4BEETGVÉLIVMBET6ÇLELT0%SEKVLH4>)LLKSI significant product / instrument. As per RBI guidelines,
D4BEETGOLLGVOT;LLTBETWVRMLKFH3PJXL;ÈGSJ\L!GZ<LS!N3JLOVELT a "significant counterparty/Instrument/product" is defined
EZÈGSJ\LGZ<LS!N3JLOLD4BEET ERZOLG3PEL%MT as a single counterparty/Instrument/product or group
WGÉLEOLG3PPLZT ÈGSJ\LIMT UR.T LM&DMFXHET JFTB of connected or affiliated counter-parties accounting in
aggregate for more than 1% of the bank's total liabilities.
JGK)LLGLSGELYLH4"
The bank has no significant counterparty (deposits/
DEB4 EL ELT ELTC; )LI FH3PJXL; ÈGSJ\L UFL!NÉLLK
borrowings) as on 31.03.2017. The share of largest
VHIB H4" D4E
B EI ERZ OTSL ET MDMT D.T UFLESL; EL LTK depositor in bank’s total deposits is around 0.29%
%H4 UDGELIL; UFLESL;WLTB ELLTYOLV%FLLH4" whereas the contribution of top 20 depositors is around
FH3PJXL; N3JLO!GZ<LS FT>B DQS GVGÉL> EKT7B G.JLGU7> UFL 3.29% only. The significant product / instrument includes
Saving Fund, Current deposit, Core Term Deposit, and
ELÈFLLJLWL4KWBSKD4E
B UFLGPSJLTLLULTGEGP-SASJMTJ24ZL Inter-bank term deposit, the funding from which are
HRWLH4D4E
B ETGZ MBE6T ÇLULTG<LFELTMAGUSVHIBEKMESL" widely spread and cannot create concentration risk for
the bank.
.TGKPTG7P %-JLTUK
Derivative exposure
D 4BEETJLM.TGKPTG70UFTBEF %-JLTUKH4ULTGEQZGVGÉLSKZSL
The bank has low exposure in derivatives having
JKELTC;FH3PJXL;È)LLPVHIB.LZSLH4" negligible impact on its liquidity position.
EKTBMIGFMF4Q Currency Mismatch
)LLKSIGKUP; D4E
B ET GOLLGVOT; LLTB ET WVRMLKFRÇL??FH3PJXL;FLVI As per RBI guidelines, a currency is considered as
ULSIH4 GONMFRÇLEIERZOTSLD4E B EIERZOTSLEL%L “significant” if the aggregate liabilities denominated in
that currency amount to 5 per cent or more of the bank’s
CMMTWGÉLEH4"HFLKTFLFZTFT>B CMFLVEJKETPZX M.I D4E B total liabilities. In our case, only USD (8.63% of bank’s
EIERZOTSLWLTB ELJ[GSLS
WLSIH4ULTGE ZMIWLKHLTKLC;UV total liabilities) falls in this criteria whose impact on total
FTB ERZDLÂÈPLHJKFH3PJXL;È)LLP.LZSLH4" outflows in LCR horizon can be managed easily.
175
ZGVGÉLÈD6ÉLVET ET6ÇIEKLEIG.Y[IWL4KMFXHEICELC;LTB Degree of centralization of liquidity management and
Q
ETDIQMBPLO interaction between group’s units
The group entities are managing liquidity on their
FXH CELC;L QZGVGÉL ÈD6ÉLV -PB EKSI H4" S'LLGJ> D4BE
M own. However, the bank has put in place a group-
VT MFXHGP-SAS WLEG-FE GPºLJLTLL *ZLV GOL H4" GUMMT wide contingency funding plan to take care of liquidity
SVLPETMFMFXHETJQZGVGÉLWJT\LLWLTBEIJXGS;EIUL requirement of the group as a whole in the stress
MET" period.
FLLL3FEÈE7IEKL QUANTITATIVE DISCLOSURES
FLLL3FEÈE7IEKL MFTGESWLLKJK LKTZX PBGPOTLIWVRLBGYL QUANTITATIVE DISCLOSURE ( On consolidated basis

(including domestic & foreign subsidiaries)
MGHS
` EKLT.FTB
(` in Crore)
31.03.2017 31.03.2016 31.03.2017 31.03.2016
ERZWGVÉLL;GK3L ERZGVÉLL;GK3L ERZWGVÉLL;GK3L ERZGVÉLL;GK3L Total Total Total

&LX:¶L WL4M3L
* &LX:¶L &LX:¶L WL4M3L
** &LX:¶L Total Weighted
Unweighted Weighted Unweighted
Value
WL4M3L
* WL4M3L
** Value Value Value
(average)**
(average)* (average)* (average)**
N1QYRLPºLL3LKZMB*LGºL High Quality Liquid Assets

1 ERZN1QYRLPºLL3LKZMB*LGºL 145252.92 68082.95 1 Total High Quality Liquid 145252.92 68082.95
Q%X Z
Assets (HQLA)
E4LWLN7¾ZLT Cash Outflows
2 /LT7T0¶LPML¶LETY[LHELTBMT 429605.68 33699.45 366432.89 27563.23 2 Retail deposits and deposits 429605.68 33699.45 366432.89 27563.23
<LROKLU&LLWL4KU&LLGUV&LTBMT from small business
customers of which :
(i) G-'LKU&LL 185222.34 9261.12 181601.12 9080.06
(i) Stable deposits 185222.34 9261.12 181601.12 9080.06
(ii) E&LG-'LKU&LL 244383.34 24438.33 184831.77 18483.18
(ii) Less stable deposits 244383.34 24438.33 184831.77 18483.18
3 WMRKG\L3L'LLTEGVG>GUV&LTBMT 146409.01 87620.37 145299.65 86123.32
3 146409.01 87620.37 145299.65 86123.32
Unsecured wholesale
(i) WL*LKTLVZU&LL M)LIÈG3L*L\LLTB
0.00 0.00 0.00 0.00 funding, of which:
(i) Operational deposits (all 0.00 0.00 0.00 0.00

counterparties)
(ii) Y4K*LGKQLZVU&LL M)LI 146409.01 87620.37 145299.65 86123.32
ÈG3L*L\LLTB
(ii) Non-operational deposits 146409.01 87620.37 145299.65 86123.32
(all counterparties)
(iii) WMRKG\L3LL 0.00 0.00 0.00 0.00
(iii) Unsecured debt 0.00 0.00 0.00 0.00
4 MRKG\L3L'LLTEGPºL*LLTLL 0.00 0.00
4 Secured wholesale funding 0.00 0.00
5 WG3LGK%SWLP¶LE3LL BGUV&LTBMT 16862.28 15562.70 5670.93 4595.35
5 Additional requirements, 16862.28 15562.70 5670.93 4595.35
of which
(i) 0¶LR3*L£ULTG<L&LWL4KW6¶LU&LLV3L 15451.51 15451.51 4502.87 4502.87 (i)
Outflows related to
15451.51 15451.51 4502.87 4502.87
ETWLP¶LE3LLWLTBMTMB$LBGÉL3L derivative exposures and
$LGHPL;H other collateral requirements
(ii) LN3*LLOLTB*LKÉLVEIHLGVMT 0.00 0.00 0.00 0.00

(ii) Outflows related to loss of 0.00 0.00 0.00 0.00
MB$LBGÉL3L$LGHPL;H funding on debt products
(iii) ¹TG.7WL4K3LKZ3LLEIMRGPÉLL¶LTB 1410.77 111.19 1168.06 92.48 (iii) Credit and liquidity facilities 1410.77 111.19 1168.06 92.48
6 W6¶LMBGPOL3&LEOLG¶L3PLTBET 0.00 0.00 0.00 0.00 6 Other contractual funding 0.00 0.00 0.00 0.00
GPºL*LLTLL obligations
7 W6¶LWLEG-&LEGPºL*LLTLL 142285.00 5676.02 139245.20 5198.68 7 Other contingent funding 142285.00 5676.02 139245.20 5198.68
ETOLG¶L3P obligations
8 8 Total Cash Outflows 142558.54 123480.58

ERZE4LWLN7¾ZLT 142558.54 123480.58
Cash Inflows
VEOIÈPLH
9 Secured lending (e.g. 0.00 0.00 492.41 0.00
9 MRKG\L3LL U4MTKT*LLTGKPM;
0.00 0.00 492.41 0.00
reverse repos)
10 *LXKI3LKHMTÈOL;VEKULTG<L&L 22894.95 20110.58 29798.22 23842.38
10 22894.95 20110.58 29798.22 23842.38
Inflows from fully performing
MTWB3LPL;H exposures
11 W6¶LVEOIÈPLH 20982.63 20984.84 5219.37 5219.37 11 Other cash inflows 20982.63 20984.84 5219.37 5219.37
12 ERZVEOIÈPLH 43877.58 41095.42 35510.01 29061.76 12 Total Cash Inflows 43877.58 41095.42 35510.01 29061.76
ERZMFLLTGUSFX: Total Adjusted Value
13 ERZ Q%X Z 145252.92 68082.95 13 TOTAL HQLA 145252.92 68082.95
14 ERZVT7VEO$LGHPL;H 101463.12 94418.82 14 Total Net Cash Outflows 101463.12 94418.82
15 QZGVGÉLEPKTUWVR*LL3L %
143.16% 72.11% 15 Liquidity Coverage Ratio 143.16% 72.11%
(%)
* G*L/ZIG3L&LLHIET&LREL$LZTO4GVEG7**LGL¶LLTBELMKZWL4M3L * Simple averages of Daily observations over previous quarter
** G*L/ZIG3L&LLHIET&LREL$LZT&LLGMEG7**LGL¶LLTBELMKZWL4M3L ** Simple averages of monthly observations over previous quarter
176
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
W6¶LG7**LGL¶LLB 39. Other Notes
E
)LLKSI GKUP; D4E B ET FLY;GVOT; LLTB ET WVRMLK D4E B VT a. As per RBI guidelines, the Bank has worked out the
amount of inter Branch Credit entries outstanding
SEEIPL; MT WGÉLEEIDELLWBSLL<LL
for more than 5 years, pertaining to the period
¹TG.7ÈGPG7LTB EIKLGLELTWP<LLSTFTB WBSGKSEKVTET up to 31.03.2012, to be transferred to a Blocked
GZ EL;GELH4"SOVRMLKEKLT. EIKLGL GE Account. Accordingly, a sum of ` 28.35 crores (net
Y MFLLTUVETDLOEILRKLGL
ELTWVRMQ X IFTB ??W6 of adjustments since carried out) has been included
OTSL BW6LIL;ETW6SY;SWZYMTOLL;LYLH4" under “Other Liabilities-others” in Schedule-5.
M LFL6 GKUP; ET CB7K D[LBQ ¹TG.7 ÈGPG7LTB> $ZLE S'LL No claim has been received during the period ended
WBSGKS ET ÈGS FLQ; ELT MFL*S MT March 2017 (01.04.2016 to 31.03.2017) against Inter

WPGÉLETOL4KLVELTC;OLPLJ[L*SVHIBHRWL" Branch Credit entries, Blocked and transferred to
General Ledger.
<L
P S;FLVGPºLIPL; ET OL4KLVD4BEVT DLHKI-PSBLP4:XWK
MT GKJLT7LT ET WLLKJKWQZM&JGºLLTB WVRMXQIEL b. During the current financial year the Bank has revalued
immovable properties (forming part of Schedule 10)
E)LLYDVLVT
ELGKP4:X LVGELH4" ÈKLT. based on the reports obtained from external independent
ELGKP4:X LVMK*ZMELTGKP4:X LVGKUP;FTB¹TG.7EK valuers. The revaluation surplus amounting to ` 964.24
GOLYLH4" crore is credited to revaluation reserve.
Y
JT EKLT. FX:H[LM L7LEK
GJ/ZT PL; JT c. Premises includes properties amounting to ` 2.75
EKLT.
ZLYSEKLT.
GJ/ZTPL; crore (Net of Depreciation) (previous year ` 1.66
EKLT.
GKP4:X. KLGL EKLT. FLQ; SE crore) {Cost ` 7.47 crore} (previous year ` 7.47
crore) having revalued amount of ` 104.68 crore
FX:ÀLM EL LR
M&JGºL MFTS JGKMKLTB ET GZ 7LC7Z
(Net of Depreciation upto March 17), are awaiting
.I._MELJBUIEKLGELULVLW)LILTLH4"JGKMKLTBFTBJT registration of title deeds. Premises include capital
EKLT. GJ/ZTPL;JTEKLT.
ELJXUIYS work in progress of ` 340.32 crore (previous year
ÈYGSEL;MG&FGZSH4" ` 238.85 crore).
L
GPG)L6VFX:LBEVPLLTB;ETGZ EKFLBYLTBFTBD4BE^LKLGP)LLY! d. Tax Paid in advance/Tax deducted at source
)LRYSLV^LKLMFLLTGUSGPPLGOSKLGLMGHSW6WLG-SLTB appearing under “Other Assets includes disputed
amount adjusted by the department/paid by the
ETSHSÈOGL;SHLTVTETM[LTSJKE7L4SIEIWGY[F!74%M Bank in respect tax demands for various assessment
FTB)LRYSLVLLGFZH4" years.
JT EKLT. GJ/ZT PL; EKLT. JT
No provision is considered necessary in respect
EIGPPLGOSWLEKFLBYS'LLWVRLBYIZL)LEKFLBYLTB HTSR of disputed Income Tax demand of ` 674.50 Crore
ELTC;ÈLPÉLLVEKVLWLPEVHIBMFLYL%LTBGED4BE (previous year ` 1155.79 Crore) as in the bank’s view,
EIKLFTBS'LLGVÉLL;KLWGÉLELKI^LKLGE Y JGKPÉL;V! duly supported by expert opinion and/or decision
VLFBUXGKL P4ÉLVHIB H4 S'LLCMJKGPLTL,LTB EIKL PB in bank’s own appeals on same issues, additions /
D4BEEIWJIZLTBJKHR GVL;LTBEL)LIWVRMF'L;VH4"CV disallowances made are not sustainable. Against
these disputed demands, ` 674.50 crores (previous
GPPLGOSFLBYLTBETMBO)L;FTBJTEKLT. GJ/ZTPL; year ` 1155.79 crores) has been paid.
JTEKLT.
EL)LRYSLVGELYL"
e. During the Financial Year 2016-17 the bank has
.
D 4BEVT GPºLPL; ET OL4KLVMTDIGPGVF> allotted 164370768 equity shares of ` 2/- each to
MFMFJK'LLMBLLTGÉLSMTDI WLC;MI.IWLK
GPGVFV Government of India at a premium of ` 126.49 per
ET WÉL VII EILSL;VRMLKFB.Z^LKL'LLGVÉLL;GKS share as determined by the Board in terms of the
!ÈGSLTKETWBGESFX:PLZTWGÉLFL6SWLÉLLKJK Chapter VII of the SEBI (ICDR) Regulations, 2009, as
ÈGSLTKET ÈIGFFJKCG%P7I amended from time to time on preferential basis. The
LTK )LLKS MKELK ELT WLDBG7S GE H4B" JGKLLF-PJ total amount received by the bank on this account
is ` 2112 crores which includes ` 32.87 crores as
D4BEELT EKLT. ÈL*SHR GUMFTB EKLT. equity capital and ` 2079.13 crores as premium.
CG%P7IJXUIWL4KEKLT.ÈIGFFETJFTBH4" Consequently the Government holding has increased
J2Z-PJWGÉLFL6WLDB7VMTJXP;MKELKEILTKÉLLGKSL to 65.01 % as against 62.08% before preferential
%EISRZVLFTBWD%H4" allotment.
Q
ÈDBÉLV^LKLMBEGZSMXQVLETWVRMLK>GPºLIPL; f. The guidelines given in Micro, Small and Medium
ET OL4KLV EI YC; <LKIO FTB MX\F> Z LR WL4K FÉF N]F Enterprises Development Act 2006 have been
GPELMWGÉLGVFFTBGO Y GOLLGVOT;LLTBELWVRJLZV complied with for purchases made during the
Financial Year 2016- 2017 and payments have been
GELYLH4WL4KWGÉLGVFETWVRMLKGP¹TSLWLTBEL)LRYSLV made to the Vendors in time as per Act. Since there
MFJKGELYLH4"QXGE)LRYSLVFTB ELTC; OTKIVHIB HRC;
177
H4WSGPºLIPL;ETOL4KLVELTC;OB.L3FE$LU had been no delay in payment, so no penal interest
)LRYSLVVHIBGELYL'LL" has been paid in FY 2016-17.
g. Information under SEBI (Listing Obligations and
/
W
LPESL B JXL; EKVT HTSR JLLLGZ<LSLTB ELT /LT.EK
Disclosure Requirements) Regulations, 2015, in terms
D4BE^LKLULKIWMRKG\LSDL.JXBUIETGZ MTDI MXQIEKL of the provisions of Regulation 52(4) for unsecured
WJT\LL B PB J[E7IEKLWLPESL B
GPGVFVET bonds issued by bank excluding Debt instruments
GPGVF
ETJ[LPLVLTBETWBSY;SMXQVL" eligible for meeting capital requirement.
¹ JI VDI WLC; M $LU N%SEL WLC;MIWLK J2KPKI ETK CBG.L G¹GMZ G7*JLI
MB DL. WLC; V )LRYSLVEI )LRYSLV EIJXP; SE EI KTG7BY EI Sr. PNB ISIN DATE OF Whether Rating Revised Rating Rating Rating Remark
MIKIU V&DK GSG'L GEL KTG7BY WLC;MIWLK KTG7BY EI KTG7BY No BONDS NO. PAYMENT the Previous rating CARE India CRISIL
SERIES OF same ICRA ICRA Rating
YLL EI KTG7BY INTEREST has Feb
VHIB MBLLTGS been 2016
KTG7BY paid or
not
OI LL;PG
Long Term
DL. WLC; VC; Bonds INE
NÉLLK
09.02.2017 )LRYSLV ZLYXVHIB ZLYXVHIB + LX6 1 (Borrowing) 160A 09.02.2017 Paid NA NA AA+ AAA AAA NIL
MIKIUI series I 08068
(8.23 %)

OI LL;PG Long Term

DL. WLC; VC; Bonds INE
ZLYX 2 (Borrowing) 160A 24.03.2017 Paid AAA AA+ AA+ NA AAA NIL
NÉLLK
24.03.2017 )LRYSLV LX6 series II 08084
VHIB
MIKIUII (8.35 %)

h. In compliance of RBI letter no. DBR.

U
W LKDIWLC; ET JL MB .IDIWLK VB DIJI !
NO.BP.13018/21.04.048/2015-16 dated 12.04.2016,
! GOVLBE EI WVRJLZVL FTB Bank has made a provision of ` 209.07 crore being
D4E
B VT JBULD EI MKELK ET ^LKL J2X. ¹TG.7 ET WBSY;S 15 % of the existing outstanding of ` 1393.79 crore as
ELTEKLT. ET FL4UOX LDELLKLGLEI> on 31.03.2017 in respect of restructured Food Credit
EKLT. NJZ$EKLLH4" advance availed by State Government of Punjab.
¸L
7I F ! E4L .LZVT PLZI UTBGMLTB ET ML'L D4ZTBM EL i. Balances in ATMs / with cash replenishing agencies
MFLLTUVEKVL>GUMELÈ)LLP)LL4GSEJMTVHIBJ.VTEL is being reconciled, impact of which is not expected
WVRFLVH4" to be material.
7
W LKDIWLC;JGKJLMBWLKDIWLC;!!.IDIWLKVB j. Provisioning pertaining to fraud accounts due
DIJIDIMI!! GOVLBE ET to amendment in provisioning norms as per
WVRMLKJ[LPLVLTB ET VL&M; FTB MBLLTVET ELKLLT<LL.I RBI Circular no. RBI/2015-16/376 DBR.No.BP.
<LLSLTBETMBDBFTBJ[LPLV" BC.92/21.04.048/2015-16 dated 18.04.2016:
(ÈKLT.FTB) (₹in Crores)
+TLI GP3SIPL; GP3SIPL; GP3SIPL; WJGKLLTGS Category No. of Amount Quantum Un-amortized
ET ET ET J[LPLV Fraud cases involved in of provision provisions
OL4KLVGKJLT7; OL4KLVGKJLT7; OL4KLV%PLB7F reported fraud reported during the FY
during the FY during the FY 2016-17
GE Y J[2L8. GE Y J[2L8. ELJ[LPLV 2016-17 2016-17
FLFZLTBEI FTBLLGFZKLGL
Borrowal 90 2789.84 1956.18 833.66
MB<L
NLKI 90 2789.84 1956.18 833.66 Non- 95 19.47 13.34 0.00
95 19.47 13.34 0.00 Borrowal
Y4KNLKIJ[2L. Frauds
185 2809.31 1969.52 833.66 Total 185 2809.31 1969.52 833.66

ULT.
#
WLC; V.I METGZ KLVIGSELELL;6PV k. The Strategy for IND AS Implementation
L8KJLTKT7 FLFZLTB EI RGVV FBLLZ FMI

^LKL ULKI GOVLBE
E IND AS roadmap for scheduled commercial banks
(excluding regional rural banks), insurers/insurance
UVPKI> ELT ÈTM GKZIU FTB 0LPMLGE D4BELTB \LTLI companies and non-banking financial companies
Y[LFILD4BEET WGSGKºL2
>CBXKK!CBLTKTBME&JVIUS'LLY4KD4BGEBY (NBFCs) was issued by Union Ministry of Corporate
GPºLI E&JVIU VDI ¾MI
ET GZ WLC; V.I M E KLT.F4J Affairs (MCA) through press release dated 18 January
178
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
H4"GPºLIPL; MT FMI ÈTMGKZIUET ML'LWLC; V.I 2016. IND AS is applicable to the Bank in accordance
M D4BE JK ZLYX H4" SOVRMLK WLKDIWLC; VT WLC; V.I M ET with the MCA press release from financial year 2018-
19. In pursuance to this Reserve Bank of India (RBI)
G¹LBPV ET GZ WGMXQVL RBI!!DBR-BP-BC-No- had issued notification (RBI/2015-16/315DBR.BP.BC.
!!
GOVLBE J2KPKI ELT ULKI EI No.76/21.07.001/2015-16) dated 11 February 2016 for
'LI"D4BEVT GPºLIPL; MT WLC; V.I MET ÈLTMTMEI implementation of IND AS. The Bank has commenced
the process of IND AS (Indian Accounting Standards)
LRWLSEKOIH4"
implementation from financial year 2016-17.
CMEIELL;BPVEIÈYGSEIGVYKLVIETGZ D4BEETGPG)L6V¹LM A steering committee headed by the Executive Director
ELL;3FE\LTLLTBMTFHLÈD6ES'LLEL;JLZEGVOTLE^LKLLIL;-'L and comprising of General Managers from various cross
-7IGKBYMGFGSDVLC;YC;H4"PL;ETOL4KLVWGEMTWGEÈYGS functional areas of the Bank to monitor the progress of the
implementation is formed. The Bank has a well-planned
ETG¹LBPVETGZ D4BEETJLM EMRQLKLVIGSH4"WLC; V.I strategy for its implementation and has made substantial
MS'LLPS;FLV ELNBG7BY»TFPE;ETFÉJ2E;EIJ¿QLVETGZ progress during the year. The Bank has completed a
D4BEVT E.L%VLTG-7E-7.IJXL; EIH4"CM.L%VLTG-7E-7.I diagnostic study to identify the differences between the
JKWLLGKSD4BEVT WLKDIWLC; ET ML'LGMS&DK>ELT MFL*S current accounting framework and IND AS. Based on
this diagnostic study the Bank has quantified the impact
/FLHIET GZ GPºLIGPPKLIELÈLTJ2LFL; ELT JXL; PNMET È)LLP and filed the pro-forma financial statements for the half
ELT %PLGZJ2LC; GEL H4" D4BE WD ELTK D4BGEBY GM-7F FTB UHL )LI year ended September 2016 with the Reserve Bank of
WLPEH4PHLJGKPS;VEKKHLH4"D4BEVTWVRFLGVS¹TG.7HLGV India. The Bank is now assessing the changes, wherever
required in the core banking system. Bank has also
FL8.ZMELTDVLVTEILRWLSEKOIH4"PS;FLV ELNBG7BY»TFPE;
commenced the formulation of the Expected Credit Loss
ET WBSY;SPLGL;EGPºLIGPPKLIET ML'LWBGSFJGOLYLH4" Models. With the annual financial statements under the
D4BEWLC; V.I M7LBGULVET GZ WLTJGVBYD4ZTBMLI7_ ELT S4LK current accounting framework being finalized, the Bank
EKVTEILRWLSEKTYL" will commence the preparation of the Opening Balance
Sheet for the IND AS transition.
U
HL )LI WLPE HRWL GJ/ZT PL; ET WLBE.LTB ELT JRVMFXGHS! 40. Figures of the previous year have been regrouped /
JRV0PG-'LS!JRVPYI;²SEKGOLYLH4" rearranged / reclassified wherever necessary.
179
FLQ;ELTMFL*SPL;ETSRZVJLETML'LMBZ9VVEOIJ[PLHGPPKLJL
CASH FLOW STATEMENT ANNEXED TO THE BALANCE SHEET FOR THE YEAR ENDED
31st MARCH 2017
(` 000)
2016-17 2015-16
GPPKL
Particulars
W *LGKQLZVEL¶L;EZL*LLTBMTVEOIÈPLH
A. Cash Flow from Operating Activities
(i) EKET*L1LL3L_LRZL)L 13,248,018 (39,743,960)

Net Profit after Tax
ULTG. EKETGZ ÈLPÉLLV WL-'LGY3LEKELLR
6,867,419 (17,634,857)
Add Provision for Tax (net of deferred tax)
EKMT*LXP;ZL)L (i)
20,115,437 (57,378,817)
Profit before tax
(ii) GV&VGZG<L3LETGZ M&LL¶LLTUV
Adjustment for :
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM 4,835,308 4,163,580
Depreciation on Fixed Assets
L7LC *LRV&LX;:¶LLBEVÈLKG\L3LGVGÉLMTWLHGK3LKLGL (584,941) (206,289)
Less : Amount drawn from Revaluation Reserve
WVU;EWLG-3L¶LLTBETGZ ÈLPÉLLV 135,373,804 184,691,491
Provisions for non performing assets
L7LC; W6J[LKG\LSGVGMTWLHGKSKLGL (8,336,600) 0
Less : Amount drawn from Other Reserve
&LLVEWLG-3L¶LLTB*LKÈLPÉLLV (12,417,836) (13,707,147)
Provision on Standard Assets
GVPTLLTB LR
*LK&LX:¶LÀLM! GV&LLT;QV
>$L7_7L<LL3LL>ÈLPÉLLV 4,866,488 3,454,886
Depreciation/ (Release), Write off, Provision on Investments (net)
W6¶LÈLPÉLLV LR
6,329,786 5,202,875
Other Provisions (net)
WVRLBYI!W6¶LMTZL)LLBL GVPTLEL¶L;EZL*L
(372,429) (383,408)
Dividend from Subsidiary / Others (Investing Activity)
$LL8.LTBMT$¶LLU GPºLI¶LEL¶L;EZL*L
16,235,113 16,468,138
Interest on Bonds (Financing Activity)
WQZWLG-3L¶LLTBEIG$L¹IMTZL)L!HLGV LR
(53,758) (25,005)
Profit / Loss on sale of Fixed Assets ( net )
(ii) 145,874,936 199,659,121
*LGKQLZVWLG-3L¶LLTB POT¶L3LLWLTB &LTB *LGKP3L;VLTB MT*LXP; *LGKQLZVZL)L (i+ii) 165,990,373

Operating Profit before Changes in Operating Assets and Liabilities 142,280,304
(iii) *LGKQLZVWLG-3L¶LLTBPOT¶L3LLWLTB&LTBLR*LGKP3L;VETGZ M&LL¶LLTUV
Adjustment for net change in Operating Assets and Liabilities
GVPTLLTB&LTBE&LI! PAG
(80,996,525)
Decrease / (Increase) in Investments (293,661,958)
WGY[&LLTB&LTBE&LI! PAG
(207,047,300) (502,605,439)
Decrease / (Increase) in Advances
W6¶LWLG-3L¶LLTB&LTBE&LI! PAG
(24,268,829) (23,930,429)
Decrease / (Increase) in Other Assets
U&LLKLGL¶LLTB&LTBPAG! E&LI
686,528,883 516,724,892
Increase / (Decrease) in Deposits
NÉLLKLTB&LTBPAG! E&LI
(192,421,080) 125,846,974
Increase / (Decrease) in Borrowings
W6¶LOT¶L3LLWLTBPÈLPÉLLVLTB&LTBPAG! E&LI
3,730,566 7,855,452
Increase / (Decrease) in Other Liabilities & Provisions
(iii) (27,139,719) 42,894,925
*LGKQLZVLTBMTN3*L£VEOI 138,850,654
(i+ii+iii) 185,175,229
Cash generated from Operations
180
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
FLQ;ELTMFL*SPL;ETSRZVJLETML'LMBZ9VVEOIJ[PLHGPPKLJL
CASH FLOW STATEMENT ANNEXED TO THE BALANCE SHEET FOR THE YEAR ENDED
31st MARCH 2017
(` 000)
2016-17 2015-16
ÈOºLEK PL*LMIELLR
(13,880,126) (14,721,540)
Tax Paid (net of refund )
*LGKQLZVEL¶L;EZL*LLTBMTLRVEOI W
124,970,528 170,453,689
Net Cash used in Operating Activities (A)
WL GVPTLEL¶L;EZL*LLTBMTVEOIÈPLH J[R%S
B. Cash flow from (used in) Investing Activities

WQZWLG-3L¶LLTBEI<LKIO G$L¹IELLR
(5,644,275) (6,072,538)
Purchase of Fixed Assets (net of Sales)
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTBMTÈL*3LZL)LLBL 372,429 383,408
Dividend recd from Subsidiaries / JV / RRBs
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTB&LTBGVPTL 0 (2,138,240)
Investment in Subsidaries / JV / RRBs
GVPTLEL¶L;EZL*LLTB&LTBÈ¶LR%SLRVEOI WL
(7,827,370)
Net Cash used in investing Activities (B) (5,271,846.00)
C GPºLI¶LVEL¶L;EZL*LLTBMTVEOIÈPLH J[R%S
C. Cash flow from (used in) Financing Activities

LT¶LK*LXUIULKIEKVL ÈIG&L¶L&LMGH3L
21,120,001 17,319,999
Issue of Share Capital (incl. Premium)
ULKI$LL8.LTBEL FLTQV
7I¶LK"P7I¶LK""
2,502,000 15,000,000
Issued(Redemption) of Bonds (Tier I & Tier II)
$LL8.LTB*LKÈOºL$¶LLU 7I¶LK"P7I¶LK""
(16,235,113) (16,468,138)
Interest paid on Bonds (Tier I & Tier II)
ZL)LLBLEL)LRY3LLV ZL)LLBL*LKEKMGH3L
0 (7,289,000)
Payments of Dividends ( incl.tax on Dividend)
GPºLI¶LVEL¶L;EZL*LLTBMTLRVEOI C
7,386,888 8,562,861
Net Cash from Financing Activities (C)
C; VEOI3L'LLVEOI3LR:¶LLTB&LTBLR*LGKP3L;V WWLC
127,085,570 171,189,180
D Net Change in Cash and Cash Equivalents (A+B+C)
PL;ETWLK&)L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the beginning of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 264,790,678 242,249,419
Cash and Balances with Reserve Bank of India
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 491,440,222 756,230,900 342,792,301 585,041,720
Balances with Banks & Money at Call & Short Notice
PL;ETWB3L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the end of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 252,099,957 264,790,678
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 631,216,513 883,316,470 491,440,222 756,230,900
127,085,570 171,189,180
G7**LGL¶LL
1 ÈOºLÈ3¶L\LEKLTB PL*LMIELLR
ELT*LGKQLZVEL¶L;EZL*LLTBMTNjz3L&LLVLY¶LLH43L'LLC6HTBGVPTL3L'LLGPºLI¶LVEL¶L;EZL*LLTBET&LÉ¶LGP)L%SVHIBGE¶LL
Y¶LLH4"
2 L7L&LTBGO Y M)LIWLBE.T?VEOI$LLÂJ[PLHOLL;3LTH4B"
Notes :-
1 Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing
and financing activities.
2 All figures in minus represents “Cash Out Flow”
181
T K BALAMUKUNDAN SK JAIN P K SHARMA
ÈDBGVOTLE PBFR<EL;JLZE_WGELKI WÉ\L

GVOTLE GVOTLE
DIRECTOR DIRECTOR
MROTLJRVHLVI
VIKUYLTZLM
FVILYR*SL

M No. 017222 M No. 074392 M No. 092257

WLKFHTL
MSILQ6OK
MLTOLK MLTOLK
Partner Partner
MO-¶LMB MO-¶LMB
M No.024775 M No.087562
GOVLBE!!
Date : 16/05/2017
-'LLVVC;GO:ZI
Place : New Delhi
182
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
-PSBLZTvLJKI\LELTBEIGKJLT7; INDEPENDENT AUDITORS’ REPORT

JBULDV4LVZD4BEETMO-LTBETGZ To the Members of Punjab National Bank
GPºLIGPPKGLLTBJKGKJLT7; Report on the Financial Statements

1. We have audited the accompanying Standalone financial
HFVT JBULD V4LVZ D4BE ?D4BE
EI FLQ;> EI MBZ9V statements of Punjab National Bank (the ‘Bank’) as at
GPºLI GPPKGLLTB EI ZTvL JKI\LL EI H4 GUMFTB FLQ;> March 31, 2017, which comprise the Balance Sheet as at
ET SRZVJLWL4KZL)LPHLGVvLST S'LLS3MBDBIMFL*SPL; ET March 31, 2017, and Profit and Loss Account and the Cash
VEOI ÈPLH GPPKL S'LL FH3PJXL; ZTvLBEV VIGSLTB EL MLK PB Flow statement for the year then ended, and a summary
of significant accounting policies and other explanatory
W6GPPTQVL3FEMXQVLMG&FGZSH4"CVGPºLIGPPKGLLTBFTBHFLKT information. Incorporated in these financial statements are
^LKLZTvLJKIG\LSLLvLWLTB>7TUKIGP)LLYWL4KW6ELL;ZLTB> the returns of 21 branches, Treasury Division and 34 other
WL8J2LLTK D4BGEBY XGV7 MGH3L
> LLvLWLTB EI MLBGPGE offices audited by us, 3607 branches audited by Statutory
ZTvLJKI\LELTB^LKLS'LLM&DG6SOTLLTBFTB-'LLVIZTvLJKI\LELTB^LKL Branch Auditors (including 1 off-shore banking unit)and 3
foreign branches audited by local auditors in respective
GPOTLILLvLWLTBEIZTvLJKIG\LSGPPKGLLBLLGFZH4"HFLKT^LKL
countries. The branches audited by us and those audited
WL8G.7EIYC;WL4KW6ZTvLJKI\LELTB^LKLWL8G.7EIYC;LLvLWLTB by other auditors have been selected by the Bank in
EL QV D4BE ^LKL ZTvL JKI\LL ET GZ )LLKSI GKUP; D4BE ^LKL accordance with the guidelines issued to the Bank by the
ULKIFLY;GVO;TLLTB ET WVRMLKGELH4"SRZVJLFTB S'LLZL)LPHLGV Reserve Bank of India. Also incorporated in the Balance
Sheet and the Profit and Loss Account are the returns from
GPPKLIvLSTFTBLLvLWLTBWL4KD4BEETW6ELL;ZEI
3310 branches, 114 other offices of the Bank, which have
GK7V;)LIMG&FGZSH4BULTWL8G.7ETGPLLIVVHIB'LI"CVY4KZTvL not been subjected to audit. These unaudited branches and
JKIG\LSLLvLWLTBWL4KELL;ZLTBETvLSLTBETWGY[FLTBFTBÈGSLS> offices account for 5.73% of advances, 21.81%of deposits,
UFLKLGLLTBFTBÈGSLS>$LUWLFTBÈGSLSS'LL$LU 6.70% of interest income and 23.11% of interest expenses.
0FTBÈGSLSWBLH4" Management’s Responsibility for the Standalone Financial
Statements
EZGPºLIGPPKLLTBETGZ ÈDBVELOLG3P
2. Management is responsible for the preparation of these
D4BEELKI GPGVFV WGGVF WGGVF
ET ÈLPLVLTB ET financial statements in accordance with the Banking
WVRMLKCVGPºLIGPPKLLTBELTS4LKEKVTWL4KWLC;MI WLC;^LKLULKI Regulation Act, 1949, accounting principles generally
ELNBG7BY FLVELTB FTB NGKS FL6SL P FLJV ET GMLBSLTB ELT )LLKS accepted in India along-with recognition and measurement
principles laid down in the Accounting Standards issued
FTBMLFL6S-PIELKGELULSLH4"WDSEHFLVEMFMF by the Institute of Chartered Accountants of India so far as
JKD4BELTBWL4K)LLKSIGKUP;D4BEJKZLYXHLTSTH4"CMNºLKOLG3PFTB they are applicable to the Bank and Reserve Bank of India
JL;*SWLBSGKEGPºLIGVBLLLTBELG.ULC;V>KvKvLPWL4KZLYXEKVT guidelines from time to time. This responsibility includes the
ETGZ ELJL;*SKvKvLP)LILLGFZH4S'LLHYZSGPPKLLTBMT design, implementation and maintenance of internal control
relevant to the preparation of the financial statements that
FRºL2H4QLHTPTLTvL.ILLRG7ETELKLHLT"
are free from material misstatement, whether due to fraud
ZTvLJKI\LELTBELOLG3P or error.
HFLKL OLG3P CV GPPKL JLLTB JK HFLKT ^LKL EI YC; ZTvL JKI\LL Auditors’ Responsibility
ET WLLKJKFS ÈE7 EKVT SE H4" HFVT CB-7I7_X7 WL8J2 QL7;. 3. Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in
ELNB7T67_MWL8J2CBG.L^LKLULKIZTvLJKI\LLJKULKIFLVELTB ET
accordance with the Standards on Auditing issued by the
WVRMLKZTvLJKI\LLEIH4"T FLVEWJT\LLEKST H4B GEHFV4GSE Institute of Chartered Accountants of India. Those Standards
WLPESLWLTB ELWVRJLZVEKTB WL4KHFZTvLJKI\LLEIWLLTUVL require that we comply with ethical requirements and plan
S'LLNMELGVJLOVCMÈELKEKTBGEHFTBGPºLIGPPKLJLLTBETMBDB and perform the audit to obtain reasonable assurance about
FTB TMLMFRGQSWLPLMVGFZUL GENVFTBELTC;LRG7VHIBH4" whether the financial statements are free from material
misstatement.
ZTvLJKI\LLFTBEL;GVJLOVÈG¹L BMBZ9VH4BGUVMTGPºLIGPPKL 4. An audit involves performing procedures to obtain audit
JLLTBFTBNG:ZGvSKLGLLTBWL4KÈE7IEKLETDLKTFTBML\ÈL*SGET evidence about the amounts and disclosures in the financial
ULVT H4B"QGVSMBGPGEZTvLJKI\LEET J24MZT JKWLLGKSHLTSI statements. The procedures selected depend on the
H4 GUVFTB GPºLIGPPKLJLLTB ET YZSE'LV>QLHT PT LTvL.IET auditors’judgment, including the assessment of the risks of
material misstatement of the financial statements, whether
ELKLH4 LLRG7ET ULTGvFLTB ELGVL;KLMG&FGZSH4"NVULTGvF due to fraud or error. In making those risk assessments,
GVL;KLLTBELTDVLVTETGZ NJRºL2JGKG-'LGSLTBETWVRMLKZTvLJKI\LL the auditor considers internal control relevant to the Bank’s
MBGPGLTBELG.ULVEKVTETGZ ZTvLJKI\LEGPºLIGPPKLJLLTB preparation and fair presentation of the financial statements
ULTM3WL4KGVJ\LG-'LGSOLLS;TBH4B>EINGQSÈ-SRSIEKLS'LLD4BE in order to design audit procedures that are appropriate in
183
EIS4LKIMTMBDWL6SGKEGVBLLJKGPQLKEKSLH4>VGECM the circumstances, but not for the purpose of expressing an
ÈLTUVMB-'LLVETWLBSGKEGVBLLEIÈ)LLPLIZSLJKKLOTVLH4" opinion on the effectiveness of the Bank’s internal control.
An audit also includes evaluating the appropriateness
QLHT D4BEELGPºLIGKJLTG7;BYWL4K TMT GVBLLLTB ET È)LLPIMBQLZV
of accounting policies used and the reasonableness of
JKJL;*SWLBSGKEGVBLLHLT"ZTvLJKI\LLFTB ÈRºL2ZTvLVIGSLTB the accounting estimates made by management, as well
EINJRºL2SLELFX:LBEVÈDBV^LKLGET YT ZTvLWVRFLVLTB EI as evaluating the overall presentation of the financial
SLGE;ESL> ML'L HI GPºLI GPPKLJLLTB EL MEZ È-SRSIEKL EL statements.
FX:LBEV)LIMG&FGZSH4" 5. We believe that the audit evidence we have obtained is
HFTB GPPLM H4 GE ZTvL JKI\LL ML\¶L> ULT HFTB ÈL*S HR H4B> HFLKT sufficient and appropriate to provide a basis for our audit
opinion.
WG)LFSELTWLLKÈOLVEKVTETGZJL;*SWL4KNJRºL2H4"
Opinion
WG)LFS
6. In our opinion, as shown by books of bank, and to the best
HFLKIM&FGSFTB>D4BEEIZTvLDGHLTB FTB 'LLÈOGL;SS'LLMPL;TºLF of our information and according to the explanations given
ULVELKIWL4KHFTBGOTYT-J7IEKLETWVRMLK to us:
(i) the Balance Sheet, read with the notes thereon is a full
(i) SRZVJLWL4KNMET ML'LJG#SG7*JGLLB EJXL; S'LLNGQS
and fair Balance Sheet containing all the necessary
SRZVJLH4 GUMFTB M)LIWLPEGPPKLGOT YT H4B WL4KH particulars, is properly drawn up so as to exhibit a
)LLKSFTBMLFL6S-PI²SZTvLEBVGML6SLTBETWVRJCMSKH true and fair view of state of affairs of the Bank as at
MT S4LKGELYLH4 GECMFTB D4BEELLT EIFLQ;> March 31, 2017 in conformity with accounting principles
EIMHIWL4KNGQSG-'LGSÈOGL;SHLTSIH4@ generally accepted in India;
(ii) ZL)LPHLGVvLSLS'LLNMET ML'LJG#SG7*JGLLB>)LLKSFTB (ii) the Profit and Loss Account, read with the notes thereon
MLFL6SL-PI²SZTvLEBVGML6SLTBETWVRJPL;ETZL)LEL shows a true balance of profit, in conformity with
accounting principles generally accepted in India, for
MHILTLOLL;SLH4@WL4K the year covered by the account; and
(iii)VEOIÈPLHGPPKLJLNMGSG'LELTMFL*SPL;HTSRMHIWL4K (iii) the Cash Flow Statement gives a true and fair view of
NGQSVEOÈPLHOLL;SLH4" the cash flows for the year ended on that date.
FH3PJXL;FLFZL Emphasis of Matter
HFLKT FSET ML'LELTC; LS; ZYL GDVL>HFZ&DIWPGET ZL)LLTB 7. Without qualifying our opinion, we draw attention to Note
EI*ZLVWLG-SLTBETFX:LBEVETM&D6FTBVLT7MIEIWLTKÉLV no. 15 C regarding valuation of Plan Assets of long-term
benefits , resulting in excess of fair value of plan assets over
WLEGL;SEKSTH4BGUMETJGKLLF-PJPL;ETGZ JGKLLFLTBHTSRJKPSI;
present value of obligation amounting to Rs.2026.60 crores
È)LLPLTBETML'LOLG3PLTBETPS;FLVFX:ET¦JKLTUVLWLG-SLTBET credited to “Payments to and Provisions for Employees-
NGQSFX:ETWLG%FTBKLGLEKLT.EF;QLKIZLYS Employee Cost ” with consequential impact on results for
EF;QLGKLTBETGZ )LRYSLVWL4KÈLPLVFTBUFLGELYLH4" the year.
W6GPG PBGPGVLFEWJT\LLWLTBJKGKJLT7; Report on Other Legal and Regulatory Requirements
SRZVJLWL4KZL)LPHLGVvLSLD4BEELKIGPGVFVWGGVF> 8. The Balance Sheet and the Profit and Loss Account have
ETv.MTGZTYTH4B" been drawn up in in accordance with Section 29 of the
Banking Regulation Act, 1949.
NJ;RºL2WVR1/TOMTFTBMXGQSZTvLJKI\LLEIMIFLWLTBETWÉÉLIV
9. Subject to the limitations of the audit indicated in paragraph
S'LL D4BEELKI EBJGVLB NJ¹FLTB EL WU;V PB WBSKL
WGGVF 1 to 5 above and as required by the Banking Companies
>^LKL'LLJTG\LSS'LLNVFTBWJTG\LSÈE7IEKLLTBEIMIFLWLTBET (Acquisition and Transfer of Undertakings) Act, 1970, and
WÉIVHFÈGSPTGOSEKSTH4BGE subject also to the limitations of disclosure required therein,
we report that:
E
HFLKIMPL;TºLFULVELKIWL4KGPPLMETWVRMLKZTvLJKI\LLET
GZ ULT)LIMXQVLP-J7IEKLWLPE'LT>PTHFTBÈL*SHLT (a) We have obtained all the information and explanations
Y H4BWL4KHFVTN6HTBMBSLTLUVEJLLH4" which, to the best of our knowledge and belief, were
necessary for the purposes of our audit and have found
v
D4BEETULTZTVOTVHFLKIULVELKIFTBWLTH4B>PTD4BEEILGºL2LTB them to be satisfactory;
ETWBSY;SH4B" (b) The transactions of the Bank, which have come to our
Y
D4BEETELL;ZLTBWL4KLLvLWLTBMTÈL*SGPPKGLLB>NVEGSJ notice, have been within the powers of the Bank; and
FLFZLTBUHLBGPPKGLLBÈDBVETGPPLMETWLLKJKÈFLGLS (c) The returns received from the offices and branches of
EIYIH4B>ELT /LT.EKHFLKIZTvLJKI\LLET NÎTMT JL;*S the Bank have been found adequate for the purposes of
JLIYIH4B" our audit.
184
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
HFWLYTGKJLT7;OTSTH4 10 We further report that:
E
CMGKJLT7;ET^LKLSRZVJLWL4KZL)LPHLGVvLSLDHIvLSL (a) the Balance Sheet and Profit and Loss account dealt
with by this report are in agreement with the books of
WL4KGK7V;METML'LFTZvLSTH4B" account and returns;
v
D4BEELKIGPGVFVWGGVF>ET v.ET WBSY;S (b) the reports on the accounts of the branch offices audited
D4BE ET LLvL WLG.7M; ^LKL LLvL ELL;ZLTB ET vLSLTB EI by branch auditors of the Bank under section 29 of the
Banking Regulation Act, 1949 have been sent to us and
WL8G.G7.GKJLT7;ELTHFTB)LTUOIYC;H4WL4KHFLKT^LKLCMGKJLT7; have been properly dealt with by us in preparing this
ELTS4LKEKVTFTBMFRGQSELK;PLC;EKZIYC;H4" report;
Y
HFLKTFSFTB>SRZVJL>ZL)LPHLGVvLSL PBE4L¾ZLTGPPKLI (c) In our opinion, the Balance Sheet, Profit and Loss
Account and Cash Flow Statement comply with the
ELNBG7BYFLVELTBETWVREXZH4" applicable accounting standards.
²ST²ST/LUT. B.OLTLI ²ST WLK OTPT6Ç ERFLK B.²STHTFMBOIJ B.E&JVI For Chhajed & Doshi For R. Devendra Kumar For Hem Sandeep &
MVOIZTvLELK MLTGM 7_M MVOIZTvLELK Chartered Accountants & Associates Co.
J2WLK V.$:X MVOIZTvLELK J2WLK V V Firm Regn.No. Chartered Accountants Chartered Accountants
101794W Firm Regn.No. Firm Regn.No.009907N
J2WLK V.$:X
114207W
MROTLJRVHLVI VIKUYLTZLM FVILYR*SL Sudesh Punhani Neeraj Golas Manish Gupta

MLTOLK MLTOLK MLTOLK Partner Partner Partner
MO-MB MO-MB MO-MB M.No.017222 M.No.074392 M.No.092257

²STMXKI B.E&JVI ²ST MJI FUI B.E&JVI
MVOIZTvLELK MVOIZTvLELK Firm Regn.No.004283S Firm Regn.No.509249C
J2WLK V M J2WLK VMI
R. Mahesh Satish Chander

WLKFHTLMLTOLK MSILQ6OKMLTOLK
Partner Partner
MO-MB MO-MB M.No.024775 M.No.087562
-'LLBVVC;GO:ZI
Place: New Delhi
GOVLBE
Date: May 16, 2017
185
NGUHFTHQMJHQQLM
HQMJHQQLM
Consolidated Financial
Financial Statement
Statement
186
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
*LBUL$LV4LVZ$L4BEEL&LLQ;EIG-'LG3LETWVRMLKM&LTGE3L3LRZV*LL
CONSOLIDATED BALANCE SHEET OF PUNJAB NATIONAL BANK AS ON 31st MARCH 2017
ÈKLT.FTB
(` in crore)
ELT ELT
As on 31.03.17 As on 31.03.16
*LXUIWL4KOT¶L3LL B WVRMXQI
CAPITAL & LIABILITIES Schedule
*LXUI 1 425.59 392.72

Capital
ÈLKG\L3LGVGÉL¶LLWL4KWGÉLLTL 2 42739.27 41411.53
Reserves & Surplus
W:*LLBLGH3L 2A 780.63 728.65
Minority Interest
U&LLKLGL¶LL 3 629650.86 570382.64
Deposits
NÉLLK 4 43336.01 81673.74
Borrowings
W6¶LOT¶L3LL BWL4KÈLPÉLLV 5 16378.55 18203.68
Other Liabilities and Provisions
ULT. 733310.91 712792.96

TOTAL
WLG-3L¶LL
ASSETS
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTL 6 25410.36 26492.19
$L4BELTBET*LLMU&LLLTLWL4K&LLY3L'LLW:*LMXQVL*LKÈL*¶LÉLV 7 65968.73 52557.19
Balances with Banks & Money at call & short notice
GVPTL 8 191527.16 165126.48
Investments
LWL4KWGY[&L 9 424230.49 446083.03
Loans & Advances
WQZWLG-3L¶LL 10 6297.76 5308.12
Fixed Assets
W6¶LWLG-3L¶LL 11 19876.41 17225.95
Other Assets
ULT. 733310.91
712792.96
TOTAL
WLEG-&LEOT¶L3LL B 12 338851.04 339168.05
Contingent Liabilities
NYLHIG$LZ 25805.94 23255.66
Bills for Collection

187

GVOTLE GVOTLE
DIRECTOR DIRECTOR
MROTLJRVHLVI
VIKUYLTZLM
FVILYR*SL

M No. 017222 M No. 074392 M No. 092257

WLKFHTL
MSILQ6OK
MLTOLK MLTOLK
Partner Partner
MO-¶LMB MO-¶LMB
M No.024775 M No.087562
GOVLBE!!
Date : 16/05/2017
-'LLVVC;GO:ZI
Place : New Delhi
188
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELM&LTGE3LZL)LPHLGVZT<LL
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE
PERIOD ENDED 31ST MARCH'2017
ÈKLT.FTB
(` in crore)
WVRMXQI ELT ELT
Schedule M&LL*3LPL; M&LL*3LPL;
Year ended Year ended
31.03.2017 31.03.2016
I.WL¶L
INCOME
WU3L$¶LLU 13 48058.08 50803.87
Interest earned
W6¶LWL¶L 14 9167.58 6099.63
Other Income
ULT. 57225.66 56903.50

TOTAL
II. 0¶L¶L
EXPENDITURE
<LQ;GE¶LLY¶LL$¶LLU 15 32722.31 34330.59
Interest expended
*LGKQLZV<LQ; 16 9523.55 10349.88
Operating expenses
ÈLPÉLLVWL4KWLEG-&LE3LL 14078.67 15886.30
Provisions and Contingencies
ULT. 56324.53 60566.77

TOTAL
W:*LLBLGH3LMT*LXP;&LXZPMHL¶LEMB-'LLWLTBELPL;ETGZ M&LTGE3LLR 901.13 (3663.27)

ZL)L
Consolidated Net Profit for the year of the parent & subsidiaries
before Minority Interest
L7L BW:*LLBLGH3L 51.98 179.69
Less : Minority Interest
W:*LLBLGH3LET*L1LL3L_&LXZPMHL¶LEMB-'LLWLTBELPL;ETGZ M&LTGE3LLR 849.15 (3842.96)

ZL)L
Consolidated Net Profit for the year of the parent & subsidiaries after
Minority Interest
MHL¶LEMB-'LLWLTB&LTBWU;VELWBL LR
17 338.09 153.19
Share of earnings in Associates (net)
PL;ETGZ M&LXHELM&LTGE3LLRZL)L 1187.24 (3689.77)

Consolidated Net Profit for the year attributable to the group
ULT.TBM&LXHELWLYTZL¶LLY¶LLM&LTGE3LZL)L 694.54 846.68
Add : Brought forward consolidated profit attributable to the group
ULT.TBJ[LKG\LSJXUIMTWBSGKS 0.00 0.00
Add : Transferred from Capital Reserve
GPGV¶LLTUVETGZ N*LZ$ÉLZL)L 1881.78 (2843.09)

Profit available for Appropriation
189
*LBUL$LV4LVZ$L4BEEL&LLQ;>ELTM&LL*3LPL;ELM&LTGE3LZL)LPHLGVZT<LL
CONSOLIDATED PROFIT AND LOSS ACCOUNT OF PUNJAB NATIONAL BANK FOR THE
PERIOD ENDED 31ST MARCH'2017
ÈKLT.FTB
(` in crore)
WVRMXQI ELT ELT
Schedule M&LL*3LPL; M&LL*3LPL;
Year ended Year ended
31.03.2017 31.03.2016
GPGV¶LLTUV
APPROPRIATIONS
ÈLKG\LSGVGÉL¶LLTBELTWB3LKL LR

Transfer to Reserves (Net) :
MLBGPGÉLEÈLKG\L3LGVGÉL 377.49 35.32
Statutory Reserve
*LXUIÈLKG\L3LGVGÉLW6¶L 536.00 115.30
Capital Reserve - Others
GVPTL L7$LÈLKG\L3LGVGÉL 0.00 20.85
Investment Fluctuation Reserve
W6¶LÈLKG\L3LGVGÉL (402.57) (4097.25)
Other Reserve
GPLTLÈLKG\L3LGVGÉL 270.26 58.68
Special Reserve
ZL)LLBLEKMGH3LZL)LLBL
Dividend Including Dividend Tax
ETGZ È-3LLGP3LZL)LLBL 6.91 74.91
Proposed Dividend for 2015-16
WB3LGK&LZL)LLBL 0.00 0.00
Interim Dividend
GVYGFSMLFLGUENºLKOLG3P 0.00 0.00
Corporate Social Responsibility
ZL)LLBLJKEKHTSRJ[LPÉLLVMTWBSGKSLTL 0.00 (5.80)
Balance transfer from provision for tax on Dividend
M&LTGE3L3LRZV*LL&LTBZTUL¶LLY¶LLU&LLLTL 1093.69 954.90
Balance carried over to consolidated Balance Sheet
1881.78 (2843.09)
ÈG3LLT¶LKWU;V ` &LTB
Y4KPLLEI²3L 5.78 -20.38
Earnings per Share (In `) Non-Annualised
ZT<LLVIG3L¶LLB3L'LLZT<LLG7**LGL¶LLB 18
Accounting Policy & Notes on Accounts

190
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

GVOTLE GVOTLE
DIRECTOR DIRECTOR
MROTLJRVHLVI
VIKUYLTZLM
FVILYR*SL

M No. 017222 M No. 074392 M No. 092257

WLKFHTL
MSILQ6OK
MLTOLK MLTOLK
Partner Partner
MO-¶LMB MO-¶LMB
M No.024775 M No.087562
GOVLBE!!
Date : 16/05/2017
-'LLVVC;GO:ZI
Place : New Delhi
191
WVRMXQI*LXUI
SCHEDULE 1 - CAPITAL
(` EKLT.&LTB) (` in Crore)
ELT ELT
As on 31.03.2017 As on 31.03.2016
ÈLGÉL²3L*LXUI 3000.00 3000.00

Authorised Capital
È3¶LTEÈT>>>>CG%P7ILT¶LK
(1500,00,00,000 Equity shares of ` 2 each)
ULKI3L'LLWG)LOºL
Issued & Subscribed
>>>> G*L/ZTPL;È3¶LTE`!ET>>>>CG%P7ILT¶LK
425.59 392.72
(2127968258 (Previous year 1963597490 Equity Shares of ` 2 each
ÈOºL
Paid up
G*L/ZTPL;È3¶LTE`!ETCG%P7ILT¶LK
CV&LTB!`ÈG3L 425.59 392.72
CG%P7ILT¶LKETETBÇI¶LMKELK^LKLÉLLGK3LCG%P7ILT¶LKLLG&LZH4B
(2127968258 (Previous year 1963597490 Equity Shares of ` 2 each

(Includes equity shares of 1383459223 ` 2 each held by Central Government)
ULT. 425.59 392.72

TOTAL
WVRMXQIÈLKG\L3LGVGÉL¶LLBWL4KWGÉLLTL
SCHEDULE 2 - RESERVES & SURPLUS
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. MLBGPGÉLEÈLKG\L3LGVGÉL
Statutory Reserve
ÈLKG&)LELTL 9867.28 9912.94

Opening Balance
PL;ETOL4KLVPAG 364.64 35.32
ULT.TB! L7L B
PL;ETOL4KLVM&LL¶LLTUV 0.00 0.00
Add/(Less) : Adjustment during the year
10231.92 9948.26
II. *LXUIY3LÈLKG\L3LGVGÉL
Capital Reserve

JRVFX;:VJ[LKG\LSGVGLB
a). Revaluation Reserve
ÈLKG&)LELTL 2888.69 1387.55
Opening Balance
PL;ETOL4KLVE7L43LI 58.49 20.63
ULT.TB! L7L B
MB*LGºLET*LRV&LX;:¶LV)LLY*LK&LX:¶LÀLMETELKL
(being Depreciation on revalued portion of Property)

3807.30 2844.78
192
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.2017 As on 31.03.2016
<LW6¶L
b. Others
ÈLKG&)LELTL 1446.27 1330.97
Opening Balance
1982.27 1446.27
II WM&LTEV*LK*LXUIÈLKG\L3LGVGÉL LR
66.53 66.53
A. Capital Reserve on consolidation (Net)
III. KLU-P3L'LLW6¶LÈLKG\L3LGVGÉL
Revenue and Other Reserve
EGVPTL L7$LÈLKG\L3LGVGÉL

a. Investment Fluctuation Reserve
ÈLKG&)LELTL 433.52 454.37
Opening Balance
L7L BZL)LPHLGV<LL3LTELTWB3LGK3L 0.00 0.00
Less: Trf to P & L Account
433.52 454.37
<LW6¶LÈLKG\L3LGVGÉL
b. Other Reserve
ÈLKG&)LELTL 13791.02 18308.02
Opening Balance
PL;ETOL4KLVPAG (402.57) (16.92)
L7L BGPLTLÈLKG\L3LGVGÉLELTWB3LGK3L 0.00 0.00
Less: Transferred to Special Reserve
L7L BG*L/ZTPLLTMTM&$LM&LL¶LLTUV 833.66 4064.93
Less: Adjustment related to Prior years
L7L BMB¹&LLOT¶L3LL M
0.00 0.00
Less: Transistory Liability (AS-15)
L7L BWB3LWP<LL3LLTBETGZ )LRY3LLV 0.00 0.00
Less: Payment for Interblocked accounts
ULT.TB! L7L B
PL;ETOL4KLVM&LL¶LLTUV 0.00 (13.23)
12554.79 14212.94
YGPGV&L¶L L7$LÈLKG\L3LGVGÉL

c. Exchange Fluctuation Reserve
ÈLKG&)LELTL 333.47 263.48
Opening Balance
ULT.TBPL;ETOL4KLVPAG LR
28.21 10.26
Add: Addition during the year (Net)
ULT.TB! L7L B
PL;ETOL4KLVM&LL¶LLTUV (5.94) 59.73
355.74 333.47
LT¶LKÈIG&L¶L&L
Share Premium
ÈLKG&)LELTL 8670.73 7729.48
Opening Balance
ULT.TB! L7L B
10749.86 9716.59
193
ELT ELT
As on 31.03.2017 As on 31.03.2016
V. GPLTLÈLKG\L3LGVGÉL
Special Reserve
ÈLKG&)LELTL 1193.66 1375.02
Opening Balance
W6¶LÈLKG\L3LGVGÉL¶LLTBMTWB3LGK3L 0.00 0.00
Transfer from other reserve
ULT.TB! L7L B
1463.66 1433.42
VI. GPOTLI&LRÇLWB3LKLÈLKG\L3LGVGÉL
Foreign Currency Translation Reserve
ÈLKG&)LELTL 0.00 0.00
Opening Balance
PL;ETOL4KLVE7L43LI 0.00 0.00
0.00 0.00
VII. ZL)LPHLGV<LL3LT&LTBLTL 1093.68 954.90

I,II,,III,IV,V,VI, VII ELULT. 42739.27 41411.53

Total I,II,,III,IV,V,VI, VII
WVRMXQIWW:*LLBLGH3L
Schedule 2A - Minority Interest
ELT ELT
As on 31.03.2017 As on 31.03.2016
NM3LLKI<LELTW:*LLBLGH3LU$L&LXZ3L'LLMHL¶LEMB-'LLELMB$LBÉLWG-3L3P&LTB WL¶LL 149.25 149.25

Minority Interest at the date on which the parent subsidiary
relationship came into existence
*LKP3LI;PAG 631.38 579.40

Subsequent increase
3LRZV*LLEI3LLKI<LELTW:*LLBLGH3L 780.63 728.65

Minority Interest at the date of balance sheet
WVRMXQIU&LLKLGL¶LLB
SCHEDULE 3 - DEPOSITS
ELT ELT
As on 31.03.2017 As on 31.03.2016
WI&LLYU&LLKLGL¶LL8B
A. I DEMAND DEPOSITS
(i) $L4BELTBMT 1693.23 3427.51
(i) From Banks
(ii)W6¶LMT 45220.69 34575.30
(ii) From Others
46913.92 38002.81
194
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.2017 As on 31.03.2016
II. DQSD4BEUFLKLGLLB 215405.64 170646.35
II SAVINGS BANK DEPOSITS
III. MLPGUFLKLGLLB
III TERM DEPOSITS
(i) $L4BELTBMT 64417.81 65368.93

(i) From Banks
(ii) W6MT 302913.49 296364.55
(ii) From Others
367331.30 361733.48
I, II, III ELULT. 629650.86 570382.64

TOTAL of I, II, III
WL(i))LLKSFTBLL<LLWLTBEIUFLKLGLL 565477.68 559755.88

B. (i) Deposits of branches In India
(ii))LLKSFTBLL<LLWLTBEIUFLKLGLL 64173.18 10626.76
(ii) Deposits of branches outside India
i, ii ELULT. 629650.86 570382.64

TOTAL of i, ii
WVRMXQINÉLLK
SCHEDULE 4 - BORROWINGS
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. )LLK3L&LTBNÉLLK
I. Borrowings in India
(i) )LLK3LI¶LGKuLP;$L4BE 400.00 17756.00

(i) Reserve Bank of India
(ii) W6¶L$L4BELTBMT 1746.53 5014.44
(ii) Other Banks
(iii) W6¶LMB-'LLWLTBWL4K UTBGM¶LLTB 2906.16 13998.55
(iii) Other Institutions and Agencies
(iv) $LL8. 7I¶LKI>7I¶LKII>YL4LLLTBMGH3L
16995.65 26130.44
(iv) Bonds (including Tier-I, Tier-II, Subordinated Debts
(v) OI LL;PGÉLC6»L-7%QK$LLB. 2800.00 2800.00
(v) Long Term Infrastructure Bonds
II. )LLK3LMT$LLHKNÉLLK 18487.67 15974.31
II. Borrowings Outside India
I, II ELULT. 43336.01 81673.74

TOTAL of I, II
N*L¶LR;%SI PBII&LTBLLG&LZÈG3L)LX3LNÉLLK 0.00 26274.61

Secured Borrowings included in I & II above
WVRMXQIW6¶LOT¶L3LL BWL4KÈLPÉLLV
SCHEDULE 5 - OTHER LIABILITIES AND PROVISIONS
ELT ELT
As on 31.03.2017 As on 31.03.2016
I OTGDZ 2570.08 2520.05

I. Bills payable
II WBSELL;ZMFLLTUV LR
2.92 8.22
II. Inter-office adjustments (net)
195
ELT ELT
As on 31.03.2017 As on 31.03.2016
III. N*LGQ3L$¶LLU 1471.68 1913.79
III. Interest accrued
IV. W6¶L ÈLPÉLLVLTBMGH3L

12333.87 13761.62
IV. Others (including Provisions)
I, II, III, IV ELULT.

16378.55 18203.68
TOTAL OF I, II, III, IV
WVRMXQIVEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTL
SCHEDULE 6 - CASH AND BALANCES WITH RESERVE BANK OF INDIA
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. HL'L&LTBVEOI GPOTLI&LRÇLVLT7LTBMGH3L
2108.69 2236.80
I. Cash in hand ( including Foreign Currency Notes)
II. )LLK3LI¶LGKuLP;$L4BEET*LLM
II. Balance with Reserve Bank of India
(i) QLZX<LL3LT&LTB 23111.69 24255.39
(i) in Current account
(ii) W6¶L<LL3LLTB&LTB 189.98 0.00
(ii) in Other Accounts
23301.67 24255.39
I, II ELULT.
25410.36 26492.19
TOTAL of I, II
WVRMXQI$L4BELTBET*LLMU&LLLTL3L'LL&LL8BYWL4KW:*LMXQVL*LKÈL*¶LÉLV
SCHEDULE 7- BALANCES WITH BANKS & MONEY AT CALL & SHORT
NOTICE
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. )LLK3L&LTB
I. In India
(i) $L4BELTBET*LLMU&LLLTL
(i) Balance with Banks:
E
QLZX<LL3LLTB&LTB 718.59 2394.29
(a) In Current accounts
<L
W6¶LU&LL<LL3LLTB&LTB 9713.15 8807.50
(b) In Other Deposit accounts
10431.74 11201.79
(ii) &LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV
(ii) Money at Call and Short Notice:
E
$L4BELTBET*LLM 149.97 23.81
(a) with Banks
<L
W6¶LMB-'LLWLTBET*LLM 22000.00 2000.00
(b) with Other Institutions
22149.97 2023.81
196
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.2017 As on 31.03.2016
ULT. iWL4Kii
32581.71 13225.60
TOTAL ( i & ii )
II. )LLK3LMT$LLHK
II. Outside India
(i)QLZX<LL3LLTB&LTB 4214.31 2439.46
(i) In Current accounts
(ii) W6¶LU&LL<LL3LLTB&LTB 29107.86 36423.13
(ii) In Other Deposit accounts
(iii) &LLYWL4KW:*LMXQVL*LKÈL*¶LÉLV 64.85 469.00
(iii) Money at Call & Short Notice
ULT. 33387.02 39331.59

TOTAL
M&LY[ULT. IWL4K II
65968.73 52557.19
GRAND TOTAL ( I & II )
WVRMXQIGVPTL
SCHEDULE 8 - INVESTMENTS
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. )LLK3L&LTBGV&VGZG<L3L&LTBGVPTL
I. Investments in India in
(i) MKELKIÈG3L)LXG3L¶LL8B 149409.91 129658.96

(ii) W6¶LWVR&LLTGO3LÈG3L)LXG3L¶LL8B 188.30 188.30

(ii) Other approved securities
(iii) LT¶LK 5336.86 4510.25

(iii) Shares
(iv) L*LLWL4K$LL8. 25872.21 19805.38

(iv) Debentures and Bonds
(v) MHL¶LEMB-'LLWLTB&LTBGVPTL CG%P7I*LG3L*LK

1298.15 1544.25
(v) Investment in Associates (on equity method)
(vi) W6¶L 4244.59 4559.37

(vi) Others
¶LX7IWLC;WL4KNMET¶LXGV7&LTBÈLKG&)LE*LXUI
(Initial Capital in UTI and its units- 64 :

GPG)L£&¶LXQRWZ¾2B.PPLGLG5¶LE*LLWLGO&LTB
(Various Mutual Funds & Commercial Paper etc.)
I ELULT. 186350.02 160266.50

TOTAL of I
II. )LLK3LMT$LLHKGVPTL
II. Investments outside India
(i) MKELKIÈG3L)LXG3L¶LLB 2180.95 2008.85

(ii) MHL¶LEMB-'LLWLTB&LTBGVPTL CG%P7I*LG3L*LK

991.07 965.75
(ii) Investment in Associates (on equity method)
197
ELT ELT
As on 31.03.2017 As on 31.03.2016
(iii) W6¶LGVPTL 2005.12 1885.38
(iii) Other investments
II ELULT. 5177.14 4859.98

TOTAL of II
III. )LLK3L&LTBGVPTL
III. Investments in India
I) GVPTLLTBELMEZ&LX:¶L 187762.66 161228.76

I) Gross value of Investments
ii) L7L B&LX:¶LÀLMETGZ ÈLPÉLLVLTBELULT. 1412.64 962.26
ii) Less: Aggregate of Provisions for Depreciation
iii) LRGVPTL 186350.02 160266.50
iii) Net Investment
IV. )LLK3LMT$LLHKGVPTL
IV. Investments outside India
I) GVPTLLTBELMEZ&LX:¶L 5191.31 4859.98
I) Gross value of Investments
ii) L7L B&LX:¶LÀLMETGZ ÈLPÉLLVLTBELULT. 14.17 0.00
ii) Less: Aggregate of Provisions for Depreciation
iii) LRGVPTL 5177.14 4859.98
iii) Net Investment
(I), (II) ELERZULT. 191527.16 165126.48

GRAND TOTAL of (I), (II)
WVRMXQIWGY[&L
SCHEDULE 9 - ADVANCES
ELT ELT
As on 31.03.2017 As on 31.03.2016
Wi)<LKIOTWL4K)LRVL¶LTY¶LTG$LZ 29560.81 30226.17

A. i) Bills Purchased and discounted
ii) VEONÉLLK>WLTPK.L¾7WL4K&LLY*LKOT¶LL 249431.82 233579.29

ii) Cash Credits, overdrafts and loans repayable on demand
iii) &LI¶LLOIL 145237.86 182277.57

iii) Term Loans
ULT. 424230.49 446083.03
Total
WLi)&LX3L;WLG-3L¶LLTB^LKLÈG3L)LX3L 365038.60 405610.84

B. i) Secured by Tangible Assets
CM&LTB$LHILLTB*LKGO Y¶LTWGY[&LLLG&LZH4B
(including advances against book debts)

ii) $L4BE!MKELKEIYLBK7I^LKLÈG3L)LX3L 9837.65 10235.64
ii) Covered by Bank/Govt.Guarantees
iii) WÈG3L)LX3L 49354.24 30236.54
iii) Unsecured
ULT. 424230.49 446083.02
Total
198
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.2017 As on 31.03.2016
Y(I))LLK3L&LTBWGY[&L
C. (I) Advances in India
i) ÈL'LG&LE3LL\LTL 133128.05 144324.59

i) Priority Sector
ii) MLP;UGVE\LTL 19939.11 18909.91
ii) Public Sector
iii) $L4BE 1261.08 2022.43
iii) Banks
iv) W6¶L 216243.07 221650.87
iv) Others
ULT. 370571.31 386907.80
Total
Y(II).)LLK3LMT$LLHKWGY[&L
C. (II). Advances outside India
i) $L4BELTBMTÈL*¶L 28138.10 32111.57

i) Due from banks
ii) W6¶LMTÈL*¶L
ii) Due from others
E
<LKIOTWL4K)LRVL¶LTY¶LTG$LZ 531.96 531.01
(a) Bills purchased & discounted
<L
&LI¶LLOIL 4953.91 1307.91
(b) Term Loans
Y
W6¶L 20035.21 25224.71
(c) Others
ULT. 53659.18 59175.20
Total
Y(I)PY(II)ELERZULT. 424230.49 446083.00

GRAND TOTAL of C (I) & C (II)
WVRMXQIWQZWLG-3L¶LL8B
SCHEDULE 10 - FIXED ASSETS
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. JGKMK )LXG&LMGH3L
I. Premises (including Land)
PL;EIWÈ4ZEIZLY3L*LK 4509.82 2863.17

-At cost as on 1st April of the year
-Additions during the year
L7L BPL;ETOL4KLVE7L4G3L¶LL8B 56.35 0.00
Less :Deductions during the year
*LRV&LX;:¶LV 964.25 1477.86
-Revaluation
L7L BGSG'LELT&LX:¶LÀLM 504.22 434.28
Less :Depreciation to date
5035.12 4076.64
199
ELT ELT
As on 31.03.2017 As on 31.03.2016
II. W6¶LWQZWLG-3L¶LL ¾2VI;QKWL4KG¾2%MQKMGH3L
II. Other Fixed Assets (including furniture & fixtures)

GPGVFOKFTB L7DETELKLJXV;FX:LBEV 0.00 0.00
- Revaluation due to exchange rate fluctuation
L7L BPL;ETOL4KLVE7L4G3L¶LL 112.54 281.37
Less: Deductions during the year
Less:Depreciation to date
1182.64 1100.86
III. E&*¶LX7KML8¾7PT¶LK
III. Computer Software

GPGVFOKFTB L7DETELKLJXV;FX:LBEV 0.00 0.00
-Revaluation due to exchange rate fluctuation
- Additions during the year
PL;ETOL4KLVE7L4G3L¶LL 0.00 0.04
- Deductions during the year
L7L BGSG'LELT*LGKLLTGÉL3L 308.68 281.56
Less: Amortised to date
76.38 105.34
IV. *L7_7TPLZIWLG-3L¶LL8B
IV. Leased Assets

PL;ETOL4KLVE7L4G3L¶LL8B 0.00 18.22
-Deductions during the year
Less: Depreciation to date
3.62 25.28
I, II, III, IV ELULT.
6297.76 5308.12
TOTAL OF I, II, III, IV
WVRMXQIW6¶LWLG-3L¶LL8B
SCHEDULE 11 - OTHER ASSETS
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. N*LGQ3L$¶LLU 4604.90 4753.69

I. Interest accrued
II. WGY[&LWOLGE¶LLY¶LLEK!°LT3L*LKEL7LY¶LLEK ÈLPÉLLVLTBETN*LKL63L

900.63 1629.98
II. Tax paid in advance/tax deducted at source (net of provisions)
III. ZT<LVML&LY[IWL4K-7L&*L 10.14 9.48

III. Stationery and Stamps
200
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT

ELT ELT
As on 31.03.2017 As on 31.03.2016
IV. OLPLTBETGV*L7LV&LTBÈL*¶LY4K$L4BEYWLG-3L¶LL8 112.03 111.57

IV. Non Banking assets acquired in satisfaction of claims
V. WL-'LGY3LEKWLG-3L¶LL LR
6120.36 4612.63
V. Deferred Tax asset (net)
VI. W6¶L 8128.35 6108.60

VI. Others
I, II, III, IV, V, VI ELULT. 19876.41 17225.95
TOTAL of I, II, III, IV, V, VI
WVRMXQIWLEG-&LEOT¶L3LL B
SCHEDULE 12 - CONTINGENT LIABILITIES
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. (i) $L4BE M&LXH

ETG<LZL¾2 TMTOLPTGU6HTBLVHIB&LLVLY¶LLH4" 249.58 231.04
I.(i) Claims against the Bank(Group) not acknowledged as debts
I (ii). W*LIZLTB>MBO)LLT;WLGOETWÉLIVGPPLGO3LWL¶LEKP$¶LLUEK&LLYTB 0.00 1160.69

I (ii). Disputed income tax and interest tax demands under appeal,
references, etc.
II. WLBGLE*LMTÈOºLGVPTLLTBETGZ OT¶L3LL 0.01 0.01
II. Liability for partly paid investments
III. DEL¶LLPL¶LOLGPGV&L¶LMBGPOLWLTBETELKLOT¶L3LL B 253032.27 257774.01

III. Liability on account of outstanding forward exchange contracts
IV. Y[LHELTBEIWLTKMTOIY¶LIYLKBG7¶LLB
IV. Guarantees given on behalf of constituents
E
)LLK3L&LT 38240.86 32595.19
(a) In India
<L
)LLK3LMT$LLHK 14039.35 13632.32
(b) Outside India
V. -PI²G3L¶LLB>*LAsLBEVWL4KW6¶LOLG¶L3P 29368.51 31377.45

V. Acceptance, Endorsements and Other obligations
VI. TMIW6¶L&LOTBGUVETGZ $L4BE M&LXH

WLEG-&LE*LMTGuL&&LTOLKH4 3920.46 2397.34
VI. Other items for which the Bank (Group) is contingently liable
I, II, III, IV, V, VI ELULT. 338851.04 339168.05

TOTAL of I, II, III, IV, V, VI
201
WVRMXQIWGU;S$LUWL4KZL)LLBL
SCHEDULE 13 - INTEREST AND DIVIDENDS EARNED
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. WGY[&LLTB!$L7_7L!G$LZLTB*LK$¶LLU 33701.40 37287.86

I. Interest/discount on Advances/Bills
II. GVPTLLTBMTWL¶L 12605.32 12539.80

II. Income on Investments
III. )LLK3LI¶LGKuLP;$L4BEET*LLMU&LLLTLWL4KW6¶LWB3L$L4BEGVGÉL¶LLTB*LK$¶LLU 1365.67 740.50

III. Intt on balances with Reserve Bank of India & other inter-bank funds
IV. W6¶L 385.69 235.71

IV. Others
I, II, III, IV ELULT. 48058.08 50803.87

TOTAL of I, II, III, IV
WVRMXQIW6¶LWL¶L
SCHEDULE 14 - OTHER INCOME

ELT ELT
As on 31.03.2017 As on 31.03.2016
I. E&LILV>GPGV&L¶LWL4KOZLZI 3242.59 2802.88

I. Commission, Exchange & Brokerage
II. )LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTZL)L 5.58 3.15

II. Profit on sale of land, buildings and other assets
L7L B)LXG&L>)LPVWL4KW6¶LWLG-3L¶LLTBEIG$L¹IMTHLGV 0.13 0.77
Less:Loss on sale of land, buildings and other assets
5.45 2.38
III. GPOTLI&LRÇLGPGV&L¶LZTVOTVMTZL)L 1487.32 1547.66
III. Profit on Exchange Transaction
L7L BGPOTLI&LRÇLGPGV&L¶LZTVOTVMTHLGV 881.75 1092.70
Less:Loss on Exchange Transaction
605.57 454.96
IV. GVPTLLTBEIG$L¹IMTZL)L 3025.68 1236.64

IV. Profit on sale of Investments
L7L BGVPTLLTBEIG$L¹IMTHLGV 206.28 245.61
Less:Loss on sale of investments
2819.40 991.03
V. GPGPÉLWL¶L 2494.57 1848.38

V. Miscellaneous Income
TOTAL of I, II, III, IV, V, VI 9167.58 6099.63
202
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WVRMXQI<LQ;GE¶LLY¶LL$¶LLU
SCHEDULE 15 - INTEREST EXPENDED
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. U&LLKLGL¶LLTB*LK$¶LLU 30138.50 30598.18

I. Interest on Deposits
II. )LLK3LI¶LGKuLP;$L4BE!WB3LK$L4BENÉLLKLTB*LK$¶LLU 290.75 1372.01

II. Interest on Reserve Bank of India/inter-bank borrowings
III. W6¶L 2293.06 2360.40

III. Others
I, II, III ELULT. 32722.31 34330.59

TOTAL of I, II, III
WVRMXQI*LGKQLZV0¶L¶L
SCHEDULE 16 - OPERATING EXPENSES
ELT ELT
As on 31.03.2017 As on 31.03.2016
I. E&L;QLGK¶LLTBELT)LRY3LLVWL4KNMETGZ ÈLPÉLLV 5482.33 6564.49
I. Payment to and provisions for employees
II. GEKL¶LL>EKWL4KG$LUZI 702.25 655.06

II. Rent, Taxes and Lighting
III. &LRÇLWL4KZT<LVML&LY[I 97.54 88.97

III. Printing & Stationery
IV. GP,L*LVWL4KÈQLK 55.93 78.94

IV. Advertisement & Publicity
V. $L4BEEIMB*LGºL*LK&LX:¶LÀLM 488.93 433.78

V. Depreciation on bank's property
L7L B*LRV&LX;:¶LVÈLKG\L3LGVGÉLETML'LM&LL¶LLTGU3L 58.49 20.63
Less: Adjusted with Revaluation Reserve
430.44 413.15
VI. GVOTLELTBEIJ2IM>)LºLTWL4K<LQ; 1.75 1.94

VI. Directors' Fees, allowances and expenses
VII. ZT<LL*LKI\LELTBEI¾2IMWL4K<LQ; WVRLBGY¶LLTBETMLBGPGÉLEZT<LL*LKI\LELTB3L'LL 71.12 71.38

LL<LLETZT<LL*LKI\LELTBEI¾2IMWL4K<LQ;MGH3L
VII. Auditors' fees and expenses (including statutory auditor of

subsidiaries, branch auditors' fees & expenses)
VIII. GPGÉLÈ)LLK 91.01 96.32

VIII. Law charges
IX. .LE>3LLK>7TZI¾2LTVC3¶LLGO 179.88 154.04

IX. Postage,Telegrams,Telephones, etc.
X. &LK&&L3LWL4KK<LK<LLP 236.76 222.75

X. Repairs & Maintenance
203
ELT ELT
As on 31.03.2017 As on 31.03.2016
XI. $LI&LL 569.25 514.93

XI. Insurance
XII. W6¶L0¶L¶L 1605.29 1487.91

XII. Other expenditure
I MTXII ELULT. 9523.55 10349.88

TOTAL of I to XII
WVRMXQIMHL¶LEMB-'LLWLTB&LTBWU;V!HLGVELGH-ML
SCHEDULE 17 - SHARE OF EARNINGS/LOSS IN ASSOCIATES

ELT ELT
As on 31.03.2017 As on 31.03.2016
E
)LLK3L&LTBMHL¶LEMB-'LLWLTB&LTBWU;VLTBELGH-ML 312.77 125.79
(a) Share of Earnings in Associates in India
<L
)LLK3LET$LLHKMHL¶LEMB-'LLWLTB&LTBWU;VLTBELGH-ML 25.32 27.40
(b) Share of Earnings in Associates outside India
ULT. E PB<L
338.09 153.19
TOTAL of (a & b)
204
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WVRMXQI MFTGES
SCHEDULE 18 (Consolidated – 31.03.2017)
ÈFRvZTvLGPGMBDBIVIGSLBWL4KZTvLTBJKG7*JGLL SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO
ACCOUNTS
ZTvTS4LKEKVTELWLLK 1. BASIS OF PREPARATION:
MFTGES GPºLI GPPKL JL JK&JKLYS ZLYS ET WLLK JK The consolidated financial statements have been
prepared on historical cost basis and conform, in all
S4LK GET YT H4B S'LL MF-S FH3PJXL; OAG7LT MT )LLKS FTB material aspects, to Generally Accepted Accounting
MLFL6S-PI²SZTvLBEVGML6SLTB UI JI
ET WVRJH4B> Principles (GAAP) in India unless otherwise stated
GUVFTBZLYXMLBGPGEÈLPLV>)LLKSIGKUP;D4BE^LKLGVL;GKS encompassing applicable statutory provisions, regulatory
norms prescribed by Reserve Bank of India (RBI),
GPGVLFEFLVO.>MFMFJKULKIJGKJLS'LLGOLLGVO;TL> circulars and guidelines issued by the Reserve Bank
D4BGEBYKTYRZTLV %7>E&JVI %7>>)LLKSIMVOI of India (RBI) from time to time, Banking Regulation
ZTvLELK MB-'LLV WLC;MI WLC;
^LKL ULKI ZTvLBEV FLVO. Act 1949, Companies Act, 2013, Accounting Standards
(AS) and pronouncements issued by The Institute of
M
S'LL,LJVP)LLKSFTB D4BGEBYN]LTYFTB FL4UXOLÈ'LL B Chartered Accountants of India (ICAI) and prevailing
)LILLGFZH4B" practices in Banking industry in India.
GPOTLIELL;ZLTBETM&D6FTBNVOTLLTBFTBZLYXMLBGPGEÈLPLVLTB In respect of foreign entities, statutory provisions and
practices prevailing in respective foreign countries are
WL4KÈ'LLWLTBELJLZVGELYLH4" complied with except as specified elsewhere.
W¹RWZEBMT*7ET ML'LGPºLIGPPKGLL ELT QLZX EBMV; WLLK The financial statements have been prepared on going
JKS4LKGELYLH4 S'LLCMI ELNBG7BYJL8GZGMUS'LLGVKBSK concern basis with accrual concept and in accordance
W)LMEKSTKHVLUDSEGECMELN:ZTvVHLT" with the accounting policies and practices consistently
followed unless otherwise stated.
WVRFLVLTBELNJLTY
Use of Estimates
MFTGESGPºLIGPPKGLL8B S4LKEKVT ET GZ ÈDBVELT GPºLI The preparation of consolidated financial statements
GPPKGLLTBEIGSG'LELTGKJLT7;GE Y WLG-SLTB PBOTSLWLTBS'LL requires the management to make estimates and
GKJLT7; WPGET GZ GKJLT7; GE Y WLWL4K0FTB GPQLKL'L; assumptions considered in the reported amounts of
WVRFLVS'LLLKLL 8 DVLVT EIWLPESLJ.SIH4"ÈDBVELT assets and liabilities (including contingent liabilities) as on
date of the financial statements and the reported income
GPPLMH4 GEGPºLIGPPKGLL8B S4LKEKVT FTB NJLTYGE Y and expenses for the reporting period. Management
WVRFLVGPPETM&FSWL4KSE;MBYSH4B" believes that the estimates used in the preparation of the
financial statements are prudent and reasonable.
CVWVRFLVLTBMT)LGPETJGKLLFWZYHLTMESTH4B"
Future results could differ from these estimates.
PL-SGPEJGKLLFLTBWL4KWVRFLVLTBETDIQETWBSKELTNMWPGFTB
Difference between the actual results and estimates
JHQLVGELYLH4GUMFTBJGKLLF,LS!F4G7GKZLC;5.HR H4B" is recognized in the period in which the results are
ELNBG7BYWVRFLVLTB FTB GEMIÈELKELLRGEKLEIPS;FLVWL4K known / materialized.
)LGPEI)LLPIWPGFTBJHQLVEIYC;H4UDSEGECMEL Any revision to the accounting estimates is recognised
N:ZTvVHLT" prospectively in the current and future periods unless
otherwise stated.
MFTEVÈG¹L 2. CONSOLIDATION PROCEDURES:
WVRLBGYL Subsidiaries:
(i) JI VDIGY:7_MGZGF7T. (i) PNB Gilts Ltd.
(ii) JBULDV4LVZD4BE CB7KV4LVZ

GZGF7T.>XET (ii) Punjab National Bank (International) Ltd., UK
(iii) JI VDIC6PT-7FTB7MGP;MTUGZGF7T. (iii) PNB Investment Services Ltd.

(iv) .EJI VDID4BEGZGF7T.>)LX7LV (iv) Druk PNB Bank Ltd, Bhutan.
¾ (v) PNB Insurance Broking Pvt Ltd*.
(v) JI VDICBLTKTBMD[LTGEBYÈLCPT7GZGF7T.
*EBJVIELTMFL*SEKVTETEOFN#LTULKHTH4B%LTBGEE&JVIVT *Steps are being taken for winding up of the company
GOVLBEELTZLCMTBMJHZTHIPLGJMEKGOLH4" as the license has already been surrendered on
14.02.2011.
205
MHLTYIMB-'LL B Associates:
(i) Principal PNB Asset Management Company Pvt. Ltd.
(i) GÈBGMJZJI VDIWMT7F4VTUFTB7E&JVIÈLGZ
(ii) GÈBGMJZ7-7IE&JVIÈLGZ (ii) Principal Trustee Company Private Limited
(iii) JI VDIFT7ZLCJ2CBG.LCBLTKTBME&JVIGZ (iii) PNB Metlife India Insurance Company Ltd.
(iv) JI VDIHLNBGMBYJ2LC;VTBMGZ (iv) PNB Housing Finance Ltd.
(v) UT MMI7TBYKID4BE>W:FLSI>EULGv-SLV (v) JSC Tengri Bank, Almaty, Kazakhstan
(vi) FÉGDHLKY[LFILD4BE>J7VL (vi) Madhya Bihar Gramin Bank, Patna.
(vii) MP;HGKLLLY[LFILD4BE>KLTHSE (vii) Sarva Haryana Gramin Bank, Rohtak
(viii) GHFLQZJ[OTLY[LFILD4BE>F.I (viii) Himachal Pradesh Gramin Bank, Mandi
(ix) JBULDY[LFILD4BE>EJXK'LZL (ix) Punjab Gramin Bank, Kapurthala
(x) MP;XJIY[LFILD4BE>FTK# (x) Sarva UP Gramin Bank, Meerut.
MBRºL2NJ¹F Joint Venture:

(i) Everest Bank Limited, Kathmandu, Nepal
(i) PKT-7_D4BEGZ>EL#FL.X>VTJLZ
2.1 Consolidated financial statements of the Group
MFXH ¦JK GO Y GPPKL ET WVRMLK WVRLBGYLB WL4K (comprising of 5 Subsidiaries, 10 Associates and 1 Joint
MHLTYIMB-'LL B WL4KMBRºL2NJ¹FMG&FGZSH4B
ET MFTGES Venture as per detail given above) have been prepared
GPºLIGPPKLJLGV&VGZGvSETWLLKJKS4LKGE Y H4B on the basis of:
i
JBULD V4LVZ D4BE FXZ!D4BE
ET ZTvLJKIG\LS GPºLI (i) Audited financial statements of Punjab National
Bank (Parent/the Bank),
GPPKLJL
(ii) As per AS 21, Line by line aggregation of like
ii
ZTvL FLVE ET WVRMLK> FXZ D4BE EI M&DG6S FOLTB
items of assets, liabilities, income and expenses of
ET ML'LMHLTGYLTB EIFOLTB ELT W'LL;S_ WLG-SLTB>OTSLWLTB> subsidiaries with the respective item of the Parent
WLS'LL0LTBELTJK-JKJBGºL2OKJBGºL2 EGLSEKSTHR after eliminating material intra-group balances/
S'LLWBSKMFXHZTVOTVLTB>NVETM&DG6SZTvLJKI\LELTB^LKL transactions, unrealized profit/losses and making
GPGPS_ZTvLJKIG\LSÈL*SWLE.LTBETWLLKJKPMXZVHR necessary adjustments, wherever required, to
ZL)L!HLGVELTH7LVTETJQLS_S'LLUHL8BEHIBUKI'LL conform to uniform accounting policies, based
on data received from these subsidiaries duly
PHLBMFLVZTvLBEVVIGSLTBETWVRJWLPEMFLLTUV audited by their respective auditors. The financial
EKVT ET JQLS_ S4LK GE Y H4B" WVRLBYI E&JGVLTB ET statements of the subsidiaries are drawn up to the
GPºLIGPPKLJLÈFRvD4BEEIGKJLTG7;BYGSG'LW'LL;3L_ same reporting date as that of Parent i.e.31st March
FLQ;>ELTHIS4LKGE Y " 2017.
(iii) GPOTLIWVRLBYIETGPOTLIFRÇLWBSKLGV&VPSGE Y H4B (iii) Foreign currency translation of overseas

subsidiaries have been done as under:
(i) WLP0PL; ET OL4KLVNJZ$)LLGKSWL4MS
(i) Income and Expenditure – at weighted
OKLTBJK average rates prevailing during the year
(ii) WLG-SLPOTSL BPL;ETWBSEIOKLTBJK (ii) Assets and Liabilities - at the year-end
rates
GPOTLI FRÇL WBSKL ET JGKLLF-PJ WL WBSK The resultant foreign currency translation
ELT QLHT PHZL)LW'LPLHLGVHLT>ÈLKG\LGSLTB WL4K difference, whether gain or loss, has been
included under Reserves and Surplus -
WGLTLETWIVMG&FGZSGELYLH4" Foreign Currency Translation Reserve.
(iv) UHLBPLTG7BYJLPKFTBMFXHELWL4KCMMTWGEWBL (iv) Investments in associates, where the group holds
20% or more of the voting power, have been
H4> PHLB MHLE MB-'LLWLTB FTB GVPTLLTB EL ZTvLBEV )LLKSI accounted for using the equity method in terms of
MVOI ZTvLELK MB-'LLV ^LKL ULKI ZTvLFLVE EI Accounting Standard – 23 issued by The Institute
LSL;VRMLKCG%P7IJGS^LKLGELYLH4" of Chartered Accountants of India.
(v) FXZD4E B WL4KWVRLBGYLTB WL4KMHLEMB-'LLWLTB ^LKLWJVLI (v) In the absence of full information regarding impact
YC; ZTvLBEVVIGSEIG)L6VSLWLTB ET È)LLPMT M&DG6SJXL; of differences in accounting policies followed
by the Parent, subsidiaries and associates, no
ULVELKI EI WVRJG-'LGS FT>B ELTC; MFLLV VHIB GEL YL adjustments have been carried out. In like manner,
H4"CMIÈELKFXZD4E B !NMEIMFTGESWVRLBGYLT>B NMEI unrealized profits and losses resulting from
206
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MHLEMB-'LLWLTB ETDIQHR ZTVOTVLTB ETJGKLLF-PJPMXZI transactions between the Parent , the subsidiaries
VHR ZL)LWL4KHLGVS'LLWVRLBGYLTB WL4KMHLEMB-'LLWLTB FTB and associates, if any, to the extent of the Parent’s
interest in the subsidiaries and associates have
D4E B ET GHSEIMIFLSEVHIB H7L Y H4"B CVWVRLBGYLTB
not been eliminated .Financial statements received
WL4KMHLEMB-'LLWLTB MTÈL*SGPºLIGPPKLJLCVMFTGES from these subsidiaries and associates form the sole
GPPKLJLLTB FTB NVETMG&FGZSHLTVT ETGZ EZWLLKDVST basis for their incorporation in these Consolidated
H4"B TWVRFLVPL-SGPEG-'LGSMTG)L6VHLTMESTH4"B Financial Statements.
WVRLBYIE&JGVLTBFTBCMETGVPTLETMFXHEIZLYSS'LLWVRLBGYLTB 2.2 The difference between cost to the Group of its investment
in the subsidiaries and the group’s portion of the equity
FTBCG%P7IETMFXHET)LLYETDIQETWBSKELTGPºLIGPPKLJL
of the subsidiaries is recognized as Goodwill/Capital
FTB<LGS!JXUIÈLKG\LSGVGFLVLYLH4" Reserve.
MFTGESWVRLBYIEILRWLG-SLTBFTBW:JLBLGHSFTBGV&VGZGvS 2.3 Minority interest in the net assets of consolidated
LLGFZH4B subsidiaries consist of:
a) The amount of equity attributable to the minority at
E
WVRLBYIFTBGUMGSG'LELTGVPTLGELYLH4NMGSG'LELT the date on which investments in a subsidiary is
W:JLBLGHSELTOTCG%P7IEIKLGL>S'LL made; and
v
FXZD4BES'LLWVRLBYIET FÉMBDBDVVT EISLKIvMT b) The minority share of movements in equity since
date of parent-subsidiary relationship came into
CG%P7ILTKETMBQLZVLTBFTBW:JLBLELGH-ML" existence.
ÈFRvD4BE^LKLWJVLC;YC;ÈFRvZTvLBEVVIGSLB SIGNIFICANT ACCOUNTING POLICIES FOLLOWED BY
THE PARENT.
KLU-PFL6SL
3. REVENUE RECOGNITION
WL!0 J4KLFTBMBOG)L;SFOLTBMTG)L6V
ELTMLFL6SNJQ
3.1 Income & expenditure (other than items referred to in
WLLKJKZTvLBGESGELULSLH4" paragraph 3.5) are generally accounted for on accrual
basis.
GPOTLI ELL;ZLTB ET FLFZT FTB CMET JQLS MFTGES J MT
GPGVLFE ÈLGELKI ET J FTB M6OG)L;S GEL UL YL
)LLKSI 3.2 Income from Non- Performing Assets (NPAs),
comprising of advances, and investments, is
GKUP; D4BE!M&DG6SOTLLTB ET GPGVLFELT ^LKLGVL;GKSÈX.TBGLZ recognised upon realisation, as per the prudential
FLVELTETWVRMLKY4KWVU;EWLG-SLTB>WGY[FLTBELTGFZLEKWL4K norms prescribed by the RBI/ respective country
GVPTLMTÈL*SWLELTPMXZIFTBGZLULSLH4" regulators in the case of foreign offices (hereafter
collectively referred to as Regulatory Authorities).
WVU;EvLSLTB EIPMXGZL8 PMXZIELK;PLC; ELÈELK!G-'LGS!-7TU 3.3 Recoveries in NPA accounts (irrespective of the mode /
EIJKPLHGE DY4K
GV&VGZGvSÈL'LGFESL¹FFTB GPGVLTGUS status / stage of recovery actions) are appropriated in the
EIULSIH4 following order of priority : -
a) Expenditure/out of pocket expenses incurred for
E PMXZI HTSR NJGQS 0!J2R7EK vQ; JHZT NQBS OTLTB FTB
recovery (earlier recorded in memorandum dues)
GKEL.;GETYT
b) Principal irregularities i.e. NPA outstanding in the

v ÈFRvWGVGFSSLTBW'LL;S_vLSTFTBDELL account.
Y $LUWGVGFSSLWLTB!NJGQS$LUETÈGS c) Towards the interest irregularities/accrued interest.
WVU;EWLG-SLTBMBDBIGD¹I)LLKSIGKUP;D4BEETFLY;GVO;TLLTBET 3.4 The sale of NPA is accounted as per guidelines

WVRMLKEIULSIH4BWL4KJ4KLETWBSY;SÈE7GELYLH4" prescribed by RBI and as disclosed under Para 5.4.
EFILV MKELKI ELKLTDLK JK EFILV ELT /LT.EK
> WGSOT 3.5 Commission (excluding on Government Business),
GDZLTBJK$LU>GPGVF>ZL8EKGEKLT>FQ;TB7D4BGEBYZTVOTVLTBMT interest on overdue bills, exchange, locker rent, income
from merchant banking transactions and Income
ÈL*SWLWL4KZL)LLBLWLJK>0LJLKETJFTBGVGO;7JT on Rupee Derivatives designated as “Trading” are
.TGKPTG7PS'LLDIFLOLPLTBELTGVJ7LVJKZTvLBGESGELULSLH4" accounted for on realization and insurance claims are
accounted for on settlement.
MX7J2LCZvLSLTBETFLFZTFTBMBDBGSELVXVIWL4KW6vQ;TZL)L 3.6 In case of suit filed accounts, related legal and other
HLGVvLSTMTÈ)LLGKSGETULSTH4BWL4KCMEIPMXZIHLTVTJKCM expenses incurred are charged to Profit & Loss
SKHETNÎTLTBETGZ YLVLEIULSIH4" Account and on recovery the same are accounted for
as such.
WLEK ET GKJ2B.LTB JK $LU ET J FTB ÈL*S WL ELT MBDBGS 3.7 Income from interest on refund of income tax is accounted for
ÈLGELGKLTB^LKLJLGKSWLOTLETPL;FTBZTvLBGESGELULSLH4" in the year the order is passed by the concerned authority.
207
WL8JKTG7BYZIUJKZIYC;WLG-SLTBETGZ PAGZLYSMGHSZIU 3.8 Lease payments including cost escalation for assets
EL)LRYSLVZIUWPGET NJKWLC;MI WLC; ^LKLULKI M taken on operating lease are recognised in the Profit and
Loss Account over the lease term in accordance with the
ZIUTM
ETWVRMLKZL)LHLGVvLSTFTBGZLULSLH4 AS 19 (Leases) issued by ICAI.
.TGD7!¹TG.7EL.LT JKGKPL.; *PLCB7ET GZ ÈLPLVÈ3TE+TLI 3.9 Provision for Reward Points on Debit/Credit cards is
FTBMBGQSDELL*PLCB7LTBJKWLLGKSH4 made based on the accumulated outstanding points in
each category.
WJGKJ%PGFLOIUFLKLGLLTB JKWOºL$LUS'LLGDVLOLPT EI
3.10 Interest on unpaid and unclaimed matured term deposits
KLGLLTBELZTvLBEVDQSD4BEOKLTBJKGELULSLH4" is accounted for at savings bank rate.
UDZL)LLBLELWGELKGFZULSLH4SLTZL)LLBLELELKLDSLVL 3.11 Dividend is accounted for as and when the right to receive
HLTYL" the dividend is established.
GVPTL 4. INVESTMENTS
ÈGS)LXGSLTBFTBZTVOTV??GVJ7LVGSG'LELTOU;GELULSLH4" 4.1 The transactions in Securities are recorded on
“Settlement Date”.
GVPTLLTB ELT D4BGEBYGPGVFVWGGVF>EISIMKIWVRMXQI
ETJ2LF; FTB'LLGVGO;7/H+TGLLTBFTBPYI;²SGELYLH4" 4.2 Investments are classified into six categories as stipulated
in form A of the third schedule to the Banking Regulation
)LLGKD4BEETFLY;GVO;TLLTBETWVRJGVPTLLTBELT??JGKJ%PSLSE Act, 1949.
KvTY >??GD¹IHTSRNJZ$S'LL??0LJLKHTSRKvTY +TGLLTB 4.3 Investments have been categorized into "Held to
FTBPYI;²SGELYLH4" Maturity", "Available for Sale" and "Held for Trading" in
terms of RBI guidelines as under:
E
D4BE ^LKL JGKJ%PSL SE KvT ULVT EI FBLL MT WGU;S
ÈGS)LXGSLTBELT??JGKJ%PSLSEKvIYC;+TLIFTBKvLYL (a) Securities acquired by the Bank with an intention
to hold till maturity are classified under "Held to
H4" Maturity".
v
D4BE^LKLW:JLPGET FX:!$LUOKÈPAGºLLTB ELZL)L (b) The securities acquired by the Bank with an
N#LSTHR 0LJLKHTSRKvTULVTEIFBLLMTWGU;SÈGS)LXGSLTB intention to trade by taking advantages of short-
ELT ??0LJLK HTSR KvT Y GVPTLLTB FTB PYI;²S GEL YL term price/ interest rate movements are classified
under “Held for Trading”.
H4"
(c) The securities, which do not fall within the above
Y
ULTÈGS)LXGSLBNJ;RºL2OLTVLTB+TGLLTBFTBVHIBWLSIN6HTB??GD¹I two categories, are classified under "Available for
HTSRNJZ$+TLIETWIVPYI;²SGELYLH4" Sale"
VRLBGYLTB>MBRºL2NJ¹FLTBWL4KMHLTYIMB-'LLWLTBFTBGVPTLELT 4.4 Investments in subsidiaries, joint ventures and
W
associates are classified as HTM.
Q7I FETJFTBPYI;²SGELYLH4"
E+TLIMT OXMKI+TLIFTB ÈGS)LXGSLTB ET WBSKL>WBSKLEIGSG'L 4.5 Transfer of securities from one category to another is
carried out at the lower of acquisition cost/ book value/
ELT WGY[HLZLYS!DHIFX:!DLULKFX:>ULT )LIEFHLT>JK market value on the date of transfer. The depreciation, if
GELYLH4"GOELTC; FX:ÀLMHLTSLT TMT WBSKLJKNMETGZ any, on such transfer is fully provided for.
JXL;ÈLPLVGELULSLH4" However, transfer of securities from HTM category to
WBSKLDREP4:XJKGELULSLH4"WBSKLETJQLSTÈGS)LXGSLB AFS category is carried out on book value. After transfer,
SRKSB JRVF;:X LBGESHLTSIH4WL4KJGKLLF-PJFX:ÀLM>GOELTC; H4> these securities are immediately revalued and resultant
depreciation, if any, is provided.
ÈOLVGELULSLH4"
E GVPTL WJVI vKIOOLKI ET MF HI Q7I F> Q J27I L An investment is classified as HTM, HFT or AFS at the
time of its purchase and subsequent shifting amongst
J2 METJFTB PYI;²SGELULSLH4WL4KGPG)L6V+TGLLTB ETDIQ categories is done in conformity with regulatory
S3MBDB
B IGLG¾7BYGPGVLFEGOLLGVO;T LLTB ETWVRJGELULSLH4" guidelines.
GEMIGVPTLEIWGY[HLZLYSELTGVL;GKSEKVTFTB 4.6 In determining acquisition cost of an investment
E MDG-¹*LV
JK ÈL*S OZLZI ! EFILV ÈGS)LXGSLTB EI a. Brokerage / commission received on subscription
ZLYSMTEL7IYIH4" is deducted from the cost of securities.
v
ÈGS)LXGSLTB ETWGY[HLETM&D6FTB MBOºLOZLZI>EFILV> b. Brokerage, commission, Securities Transaction
Tax (STT) etc. paid in connection with acquisition
ÈGS)LXGSZTVOTVEK M7I7I
C3LGOKLU-P0LTB ETJFTB of securities are treated as revenue expenses
FLVIYIH4WL4KCMTWGY[FWL4KZLYSMTDLHKKvLYLH4" upfront and excluded from cost.
208
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
Y
ÈGS)LXGSLTB ET WGY[HL!GD¹IEISLKIvSEWGU;S$LU c. Interest accrued up to the date of acquisition/sale of
W'LL;S_ /X7WPGET GZ $LUWGY[HLZLYS!GD¹IET securities i.e. broken — period interest is excluded
from the acquisition cost/sale consideration and
GPQLKMTDLHKKvLYLH4WL4KCMEIYLVLWGU;S$LU the same is accounted in interest accrued but not
FTBEIYC;H4VGEOTvLSTFTB" due account.
L
GVPTLLTB EIM)LI+TGLLTB ET GZ ZLYSELGVL;KLWL4MS d. Cost is determined on the weighted average
ZLYSJGSETWLLKJKGELYLH4 cost method for all categories of investments.
)LLGKD4BE! J2WLC; F F.I ETGOLLGVO;TLLVRMLK>GVPTLELFX:V 4.7 Investments are valued as per RBI/ FIMMDA
GV&VGZGvSWLLKJKGELULSLH4 guidelines, on the following basis:
JGKJ%PSLSEKvTY Held to Maturity
(i) ??JGKJ%PSLSEKvTYT+TLIETWIVGVPTLLTBELTWU;VZLYS (i) Investments under "Held to Maturity "category are carried
at acquisition cost.
JKGZLULSLH4"
UHL EHIB WBGESFX:!ÈGSOLVFX:MT DHIFX:WGEHLT SLT Wherever the book value is higher than the face value/
redemption value, the premium is amortized over the
ÈIGFFELTJGKJ%PSLEILTLWPGETGZ -7T7ZLC;VETWLÉLLK remaining period to maturity on straight line basis.
JKJGKLLTGSGELULSLH4"E7L4SIETJ??GVPTLLTBJKWLLIL; Such amortisation of premium is reflected in Interest
ET WBSY;SWGU;S$LUFTB JGKZG\LS TMT ÈIGFFELJGKLLTV Earned under the head “ Income on investments” as a
MFLLTGUSGELULSLH4" deduction.
(ii) WVRLBGYLTB!MBRºL2N]FLTB!MHLTGYLTBFTBW-'LLIGVPTLMTG)L6V (ii) Investments in Subsidiaries/Joint Ventures/Associates

È3TTE0GºL2YSGVPTLLTB EIÈ²GSFTB GET YT GVPTLELFX:V are valued at carrying cost less diminution, other than
temporary in nature for each investment individually.
KvKvLPFTBMTÀLMH7LEKWU;VZLYSJKGELULSLH4"
(iii) ÈLLTGUS\LTLIY[LFILD4BELTBFTBGE Y GVPTLELFX:LBEVKvLP iii) Investments in sponsored Regional Rural Banks are
valued at carrying cost.
ZLYSJKGELULSLH4"
(vi) N]FJXUIFTBGVPTLLTBELFX:LBEVKvLPZLYSJKGELULSLH4" iv) Investment in Venture Capital is valued at carrying cost.
(v) Q7I F+TLIFTBKvTY CG%P7ILTKLTBELFX:LBEV!KvLPZLYS v) Equity shares held in HTM category are valued at carrying
JKGELULSLH4" cost.
GD¹IHTSRNJZ$S'LL0LJLKHTSRKvTY Available for Sale and Held for Trading
E MKELKIÈGS)LXGSLB a) Govt. Securities

I. ETBÇIMKELKEI GJ2%-. C6EF FVI FLGE;7 . .TGKPTG70M I. Central Govt. At market prices/YTM as published
ÈGS)LXGSLB MLTGM LVWL8J2CBG.L J2WLC; F F.I
Securities by Fixed Income Money Market
^LKL ÈELGLS DLULK FX:!JGKJ%PSL ÈLG*S and Derivatives Association of India
(FIMMDA)
WLLKJK
II. KL5MKELKEI J2WLC; F F.I ! )LLGKD4BE FLY; GVO;TLLTB ET II. State Govt. On appropriate yield to maturity basis
ÈGS)LXGSLB WVRMLKNJRºL2JGKJ%PSLÈLG*SWLLKJK Securities as per FIMMDA/RBI guidelines.
v ETBÇI!KL5MKELK J2WLC; F F.I ! )LLGKD4BE FLY; GVO;TLLTB ET b) Securities On appropriate yield to maturity basis
^LKLYLKB7ILROLÈGS)LXGSLB> WVRMLKNJRºL2JGKJ%PSLÈLG*SWLLKJK guaranteed by as per FIMMDA/RBI guidelines
Central / State
MLP;UGVE\LTLETNJ¹FLTB Government, PSU
ETDL. WGY[FLTBEI Bonds (not in the
È²GSETVHIB
nature of advances)
Y 7TUKIGDZ KvLPZLYSJK c) Treasury Bills At carrying cost
L CG%P7ILTK DLULKFX:JK>GONASHLT>W6'LLVPIVSF d) Equity shares At market price, if quoted, otherwise
SRZVJL ULT E PL; MT JRKLVL V HLT
ET at break up value of the Shares as
per latest Balance Sheet (not more
WVRMLKLTKLTB ET D[TEWJFX:JK>W6'LL
than one year old), otherwise at Re.1
ÈGSEBJVI! per company
. WGFLVLTK DLULK FX: JK> GO NAS HLT> W'LPL e) Preference shares At market price, if quoted or on
J2WLC; F F.I FLY; GVO;TLLTB ET WVRMLK appropriate yield to maturity basis
NJRºL2JGKJ%PSLÈLG*SWLLKJKGEBSRLLTV not exceeding redemption value as
FX:MTWGE per RBI/FIMMDA guidelines.
209
Q DBJLWL4KG.DTBQK DLULK FX: JK> GO NAS HLT> W'LPL f) Bonds and At market price, if quoted, or on
WGY[FLTBEIÈ²GSET J2WLC; F F.I FLY; GVO;TLLTB ET WVRMLK debentures (not appropriate yield to maturity basis as
VHIB
NJRºL2JGKJ%PSLÈLG*SWLLKJK in the nature of per RBI/FIMMDA guidelines.
advances)
/ &XQRWZJ2.LTBETXGV7 -7L8E %MQTBU ET )LLP ET WVRMLK GO g) Units of mutual funds As per stock exchange quotation, if
NAS HLT!GO NAS V HLTB SLT JRVv;KIO FX: quoted; at repurchase price/NAV, if
JK! V PIJK unquoted
U PLGLG5EJTJK KvLPZLYSJK h) Commercial Paper At carrying cost
UFLÈFLLJL KvLPZLYSJK i) Certificate of At carrying cost
Deposits
¸L WLKMIWLC; ZEIÈGS)LXGS WLKMIWLC; Z^LKLEIYC; LLTLLLETWVRMLK j) Security receipts of At net asset value of the asset as
KMIOTB WLG-SETLRWLG-SFX:JK ARCIL declared by ARCIL
7 PTBQKE4GJ7ZJ2B. PTBQK E4GJ7Z J2B. ^LKL EI YC; LLTLLL ET k) Venture Capital At net asset value (NAV) declared by
WVRMLKLRWLG-SFX:JK V PI
Funds the VCF
# W6GVPTL KvLPZLYSFTBMTÀLM L7LEK l) Other Investments At carrying cost less diminution in
value
GD¹IHTSRNJZ$S'LL0LJLKHTSRKvTY PY;FTBNJ;RºL2FX:LBEVÈ3TE The above valuation in category of Available for Sale and
Held for Trading is done scrip wise on quarterly basis
G-¹JETGZ WZYWZYGSFLHIWLLKJKGELULSLH4S'LLÈ3TE and depreciation/appreciation is aggregated for each
PYI;EKLETGZ FX:ÀLM!PAGULT.IULSIH4"GOLRFX:ÀLMH4SLT classification. Net depreciation for each classification,
È3TEPYI;EKLET GZ ÈLPLVGELULSLH4 UDGELRPAGVHIB if any, is provided for while net appreciation is ignored.
On provision for depreciation, the book value of the
OLL;IULSI"FX:ÀLMET GZ ÈLPLVJK0GºL2YSÈGS)LXGSELDHI individual security remains unchanged after marking
FX:DLULKHTSRGQBGHSEKVTETJQLSWJGKPGS;SKHSIH4" to market.
)LLKSIGKUP; D4BEET VJIWLC; PYI;EKLET GPPTEIFLVOB.LTB ET 4.8 Investments are subject to appropriate provisioning/
WVRJ GVPTLLTB JK NJRºL2 ÈLPLVIEKL S'LL WL WFL6IEKL de-recognition of income, in line with the prudential
ZLYXGETULSTH4B"WGY[FLTBETJFTBWVU;EÈGS)LXGSLTBETMBDB norms of Reserve Bank of India for NPI classification.
FTBFX:ÀLM!ÈLPLVW6WU;EÈGS)LXGSLTBETMBDBFTBPAGET The depreciation/provision in respect of non-performing
securities is not set off against the appreciation in respect
MF\LMFBUV M47WL8J2
VHIBGELYLH4"WGFLVILTKG.DTBQKLTB of the other performing securities. For NPI in preference
WL4KDLB.LTBFTB VJIWLC;ETGZ NJKLTºL2BFX:LBEVETWGSGKºL2WLYT share, debentures and bonds, in addition to valuation as
ÈLPLV VJI FLVELTBETWVRMLKMD-7T6..;WL4KMBOTHL-JOWLG-S above, further provision is made on Sub-standard and
ETJFTBGELYLH4" Doubtful assets as per NPA provisioning norms.
EC;ELC; ^LKLÈL*SEIYC; ¹TG.7MRGPLGOD4BEEIDHIFTB If any credit facility availed by an entity is NPA in the
VJI H4 SLT NMIC;ELC; ^LKLULKIÈGS)LXGSLTB FTB ELTC; )LIGVPTL books of the Bank, investment in any of the securities
CMET GPJKIS )LI VJIWLC; ET J FTB FLVL UL YL" GJ2K )LI issued by the same entity would also be treated as NPI
and vice versa. However, in respect of NPI preference
VJIWLC;WGFLVILTKLTBETMBDBFTBUHLBZL)LLBLEL)LRYSLVVHIB share where the dividend is not paid, the corresponding
GELULSLPHLB¹TG.7MRGPLELT VJI VHIBFLVLUL YL" credit facility is not treated as NPA.
GEMI)LI+TLIETGVPTLLTBEIGD¹IMTHR ZL)L!HLGVELTZL)L 4.9 Profit or loss on sale of investments in any category is
PHLGVvLST FTB ZT ULLULSLH4 GEBSR ?JGKJ%PSLHTSR KvT YT taken to Profit and Loss account but, in case of profit on
+TLIET GVPTLLTB EIGD¹IMT HR ZL)LET FLFZT FTB NMET DKLDK sale of investments in "Held to Maturity" category, an
EIKLGL MLGPGEGKUP;ELT-'LLVLBSGKSGVPZEKWL4KWJTG\LS equivalent amount (net of taxes and amount required to
be transferred to Statutory Reserve) is appropriated to
KLGL
?JXBUIÈLKG\LSGVGvLSTFTBGPGVLTGUSEIULSIH4 "Capital Reserve Account"
PLJMvKIO0P-'LLET W6SY;SJRVv;KIOIYI!JRVDTQIYI 4.10 Securities repurchased/resold under buy back
ÈGS)LXGSLTBELTNVEIFXZZLYSJKGZLULSLH4" arrangement are accounted for at original cost.
KTJLT!GKPM; KTJLT ET WBSY;SvKIOIPDTQIYIÈGS)LXGSL8 UFLVSI 4.11 The securities sold and purchased under Repo/
Reverse Repo are accounted as Collateralized lending
LPNLKZTVOTVET WBSY;SWG)L0ºL2EIULSIH4 HLZLBGE and borrowing transactions. However, securities are
MLFL6 EFRSGD¹I!vKIOZTVOTVETFLFZTFTBÈGS)LXGSL8WBSGKS transferred as in the case of normal outright sale/
EIULSIH4WL4KÈGS)LXGSLTEI TMIYGSGPGL8KTJLT!GKPM;KTJLTvLST purchase transactions and such movement of securities
is reflected using the Repo/Reverse Repo Accounts and
PE67LÈGPG7LT ET NJLTYJKGOvLC; J.SIH4"NºL2ÈGPG7L8 Contra entries. The above entries are reversed on the
JGKJ%PSLGSG'LELTGKPM;EKSIULSIH4"ZLYSPKLU-PEIYLVL date of maturity. Costs and revenues are accounted
$LU!WLU4ML)LIFLFZLHLTETJFTBEIULSIH4"KTJLTvLSTFTB as interest Expenditure/Income, as the case may be.
Balance in Repo Account is classified under schedule
UFLLTLELTWVRMXQI NLK
ETWBSY;SPYI;²SGELULSLH4 4 (Borrowings) and balance in Reverse Repo Account
WL4KGKPM;KTJLTvLSTFTBUFLLTLELTWVRMXQI D4BELTETJLMUFL is classified under Schedule7 (Balance with Banks and
210
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
LTLS'LLFLBYWL4KW:JMXQVLJKÈLPLV
ET WBSY;SPYI;²S Money at Call & Short Notice).The same is also applicable
GELULSLH4HWLKDIWLC;ET Z J2JK)LIZLYXHLTSLH4" to LAF with RBI.
ZTVOTVW'LPLÈGSK\LLETÈLTUVMT0R3J6V .TGKPTG70U

ZTVOTV 4.12 The derivatives transactions are undertaken for trading
GE Y H4B"0LJLGKEZTVOTVDLULKFX:JKH4B")LLKSIGKUP;D4BE or hedging purposes. Trading transactions are marked
to market. As per RBI guidelines, different categories of
ET GOLLGVO;TLLVRMLKWOZLDOZIEIGPG)L6V+TGLLTB ELGV&VPS_ swaps are valued as under: -
FX:VGELYLH4
ÈGSK\LLWOZLDOZI Hedge Swaps
$LUOKWOZLDOZIULT $LUPLHEWLG-SW'LPLOTSLEI Interest rate swaps which hedge interest bearing asset
ÈGSK\LLEKSLH4>NJQWLLKJKZTvLBGESGELULSLH4>GEMI or liability are accounted for on accrual basis except
WLG-SW'LPLOTSLET ML'LWG)LGHSWOZLDOZIELT /LT.EK> the swaps designated with an asset or liability that are
ULTGPºLIGPPKLIFTBDLULKFX:W'LPLEFEIFSW'LPLDLULK carried at market value or lower of cost in the financial
FX:JKZIULSIH4" statement.
WOZLDOZIEIMFLG*SJKZL)LW'LPLHLGVLTBELTWOZLDOZI Gain or losses on the termination of swaps are recognized

ET 6XVSKDELLMBGPOLYSUIPVW'LPLWLG-S!OTSLEILTL over the shorter of the remaining contractual life of the
WPGJKFL6SLOIULSIH4" swap or the remaining life of the asset/ liabilities.
0LJLGKEWOZLDOZI Trading Swaps

0LJLGKEWOZLDOZIZTVOTVGKEL8.; GE Y JGKPS;VLTB MGHSGPºLI Trading swap transactions are marked to market with
GPPKGLLTB FTB DLULKFX:EISRZVLFTB GQG6HSGELULSLH4" changes recorded in the financial statements.
0LJLGKENÎTLTBETGZ ÈGP7GE Y GPGVF0LJLK.TGKPTG70M Exchange Traded Derivatives entered into for trading
%MQTBU ^LKL OI YC; OKLTB ET WLLK JK ÈQGZS $LU OK JK purposes are valued at prevailing market rates based
on rates given by the Exchange and the resultant
FX:LBGESGELULSLH4 WL4KÈL*SZL)LLTB PB HLGVLTB ELT ZL)LP gains and losses are recognized in the Profit and Loss
HLGVvLSTFTBGZLULSLH4" Account.
GPOTLIFRÇLGPE:J 4.13 Foreign currency options
GEMIW6D4E B ET ML'LD4E7X D4EELB7%T 7ET ML'LD4E
B ^LKLGZGvS Foreign currency options written by the bank with a back-
GPOTLIFRÇLGPE:JDLULKFX:JKVHIB H4>%LTGB ECMFTB DLULKULTGvF to-back contract with another bank are not marked to
VHIBH4" market since there is no market risk.
ÈL*SÈIGFFELTOTSLETJFTBKvLYLH4WL4KJGKJ%PSL!GVK-SIEKL Premium received is held as a liability and transferred to

JKZL)LPHLGVvLSTFTBW6SGKSGELYLH4" the Profit and Loss Account on maturity/cancellation.
L!WGY[FWL4KNMJKÈLPLV 5. LOANS / ADVANCES AND PROVISIONS

THEREON:
WGY[FLTBELPYI;EKLWU;EWL4KWVU;EWLG-SLTBETJFTBGEL 5.1 Advances are classified as Performing and Non-
ULSLH4WL4KNVETGZ )LLKSIGKUP;D4BE^LKLGVL;GKSGPPTEJXL; Performing Assets; provisions are made in accordance
FLVOB.LTBETWVRMLKÈLPLVGELULSLH4" with prudential norms prescribed by RBI.
E
W
GY[FLTB ELT NLKESL;PLK-7TT6..;>MD-7T6..;>MBOTHL-JO 5.1(a) Advances are classified : Standard, Sub
PBHLGVWLG-SETJFTBPYI;²SGELULSLH4" Standard, Doubtful and Loss assets borrower
wise.
v
W
GY[FGPGL7_LHLGVÈLPLVLTB>JRVY;G#SWGY[FLTBEI
5.1(b) Advances are stated net of specific loan loss
NGQSFX:FTBEFIETGZ ÈLPLVETGVPZELTEHL provisions, provision for diminution in fair
ULSLH4 value of restructured advances.
GPOTLIELL;ZLTBETMBDBFTBLLTB PBWGY[FLTBELPYI;EKLWL4K 5.2 In respect of foreign offices, the classification of loans
VJI ETGZ ÈLPLV-'LLVIGPGVFLTBL)LLGKD4BEETFLVELTB and advances and provisions for NPAs are made as
per the local regulations or as per the norms of RBI,
ULT)LIWGELGºL2LLZIHLT>ETWVRMLKGELYLH4" whichever is more stringent.
WLTPKMIULLvLWLTB FTB HR L PB WGY[FLTB ULT PMXZIET GKEL.; Loans and advances held at the overseas branches
ET WZLPLW6ELKLLTB ET GZ HLT-7EB7IGPGVFLTB ET WVRMLK that are identified as impaired as per host country
\LGSETJFTBGQG6¿SH4B>GEBSRGUMT)LLKSIGKUP;D4BEETFL4UXOL regulations for reasons other than record of recovery,
but which are standard as per the extant RBI
GOLLGVO;TLLTBETWVRMLK-746..;H4B>HLT-7EB7IFTBFL4UXOLDELLKLGL guidelines, are classified as NPAs to the extent of
ELT VJI ETJFTBPYI;²SGELULSLH4" amount outstanding in the host country.
211
DTQIYIGPºLIWLG-SLTBETFLFZTFTBGV&VPS_JHQLVHLTYI 5.3 Financial Assets sold are recognized as under:
E MMI!WLKMIELTDTQIYC;GPºLIWLG-SLTBEIGD¹IHTSR (a) For Sale of financial assets sold to SCs/RCs
(i) GO MMI!WLKMIELTGD¹IGVPZDHIFX: VDIPI

MT (i) If the sale to SCs/RCs is at a price below the Net
Book Value (NBV), (i.e. Book Value less provisions
VIQTEIEIFSJKEIYC;H4SLTNMPL;EFIETZL)LP held), the shortfall should be debited to the Profit
HLGVvLSTMT.TGD7EKVLQLGH "D4BE VJI EIGD¹IJK & Loss account of that year. Bank can also use
W'LL;S_UDGD¹IGVPZDHIFX:MTEFEIFSJKEIYC; countercyclical / floating provisions for meeting the
HLTSLTJLC;YC;EFIHTSRÈGSQ¹I!¾ZLTG7BYÈLPLV)LIEK shortfall on sale of NPAs i.e when the sale is at a
price below the NBV.
MESLH4"
GJ2K )LI WLG-SLTB EI GD¹I ET GZ W'LL;S_ However, for assets sold on or after 26.02.2014
and upto 31.03.2016, as incentive for early sale
ETJQLSWL4KSE VJI EIJXP;GD¹IHTSR
of NPAs, bank can spread over any shortfall, if the
ÈLT3MLHVWVRJGOGD¹IFX:GVPZDHIFX:MTEFH4
sale value is lower than the NBV, over a period of
SLTD4BEOLTPLLTEIWPGETGZ GEMIEFIELTJGK0L*S
two years. However, assets sold from 01.04.2016
EKMESLH4HLZLBGE>CMGSFLHIMTWYZIQLKGSFLHIEI to 31.03.2017, shortfall is to be amortized over a
WPGFTBMTSEWLG-SLTBEIULT period of only four quarters from the quarter, in
GD¹IHRC;H4NMFTBHRC;EFIELTJGKLLTGSEKVLH4" which the sale took place.
(ii) GOGD¹IGVPZDHIFX:EIWJT\LLN1QFX:JKEI
(ii) If the sale is for a value higher than the NBV,
YC; H4>SLT D4BECMPL; CMET ZL)LPHLGVvLSLTB FTB ÈL*S Bank can reverse the excess provision on sale
KLGLFTBMT VJI EIGD¹ILWGSGKºL2ÈLPLVPLJMZT of NPAs to its profit and loss account in the
MESLH4"S'LLGJ>D4BEWGSGKºL2ÈLPLV UDGD¹IGVPZ year, the amounts are received. However, Bank
DHIFX:EIWJT\LLN1QFX:JKEIYC;H4
VJI EI can reverse excess provision (when the sale is
for a value higher than the NBV) arising out of
GD¹IMTS)LIGVELZIULMESIH4>ETPZUDÈL*SVEOI sale of NPAs, only when the cash received (by
ÈLKG&)LEÈGSJ2ZWL4K!W'LPL MWLK!JI7IMIEI/X7ET way of initial consideration and/or redemption
FLÉF MT WLG-SLTB EI VEOI EI WJT\LL N1Q H4" WLYT of SRs/PTCs) is higher than the NBV of the
WGSGKºL2 ÈLPÉLLV EL GVKMV WLG-S ET VDIPI JK ÈL*S asset. Further, reversal of excess provision will
be limited to the extent to which cash received
WGSGKºL2VEOIETÈ)LLPSEMIGFSHLTYI" exceeds the NBV of the asset.
v W6 D4BE! VDI J2MI! J2WLC; C3LGO ELT GD¹I EI YC; (b) For Sale of financial assets sold to Other Banks/
GPºLIWLG-SLTBEIGD¹IHTSR NBFCs/FIs etc.
(i) GVPZDHIFX: VDIPI
MT EFEIFSJKGD¹IEKVT (i) In case the sale is at a price below the Net Book
ETFLFZTFTBW'LL;S_DHIFX:MTEFÈLPLVEKVTJKEFI Value (NBV) i.e. Book Value less provision held,
ELTNMPL;ZL)LPHLGVvLSLTBMT.TGD7EKVLQLGH " the shortfall should be debited to the Profit & Loss
A/c of that year.
(ii) GVPZDHIFX: VDIPI
EIWJT\LLN1QFX:JKGD¹I
(ii) In case the sale is for a value higher than the Net
ETFLFZTFTBW'LL;S_DHIFX:MTEFÈLPLVEKVTJK> Book Value (NBV) i.e. Book Value less provision
WGSGKºL2ÈLPLVPLJMVHIBGELUL YLGEBSRW6 VJI held, the excess provision shall not be reversed but
will be utilized to meet the shortfall/loss on account
EIGD¹IvLSLTBWL4KEFI!HLGVJL ULVTJKNMELNJLTY of sale of other NPAs.
GELUL YL"
The Bank considers a restructured account as one
D4BE EJRVY;G#SvLSLNMTFLVSLH4UHLBD4BEVTNÉLLKESL;WLTB where the Bank, for economic or legal reasons
EIGPºLIEG#VLC;LTBMTMBDBGSWLG'L;EWL4KGPGEELKLLTB relating to the borrower’s financial difficulty,
grants to the borrower concessions that the Bank
HTSR NLKESL; ELT GKLS GOL H4 GUM JK D4BE W6'LL would not otherwise consider. Restructuring
GPQLKVHIBEKSLH4"JRVY;#VFTBMLFL6SLWGY[FLTB!ÈGS)LXGSLTB would normally involve modification of terms of
EILSLT FTB MBLLTVLLGFZHLTYLGUMFTB W6ET WZLPL the advance / securities, which would generally
JRV)L;RYSLVWPG!JRV)L;RYSLVKLGL!GESLTB EIKLGL$LUEI include, among others, alteration of repayment
period / repayable amount / the amount of
OK FTB JGKPS;V LLGFZ HLTYL" ÈGS-JL;3FE ELKLLTB ET installments / rate of interest (due to reasons other
WZLPL W6 ELKLLTB MT
" JRVY;G#S vLST D4BE ^LKL ETPZ than competitive reasons). Restructured accounts
JRVY;#VJ4ETUET WVRFLTOVWL4KELL;60LVET JQLSHI are classified as such by the Bank only upon
approval and implementation of the restructuring
CMSKHPYI;²SGELULSLH4" EJRVY;G#SvLSTETNGQS package. Necessary provision for diminution in
FX:FTBEFIETGZ WLPEÈLPLVGELYLH4 the fair value of a restructured account is made.
212
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WGY[FLTBETJRVY;#V!JRVM;XQIDETFLFZTFTB)LLKSIGKUP;D4BEET 5.4 For restructured/rescheduled advances, provisions are

made in accordance with guidelines issued by RBI.
FLY;GVO;TLLTBETWVRMLKÈLPLVGE ULSTH4B"
In respect of non-performing loans and advances
JRVY;#V ET GPLLIV WL4K GVJLGOS LLTB WL4K WGY[F vLSLTB ET accounts subjected to restructuring, the account is
MBDBFTB vLSLETPZPYI;²SWPGW'LL;S_ $LULFXZVET upgraded to standard only after the specified period
)LRYSLVEIJHZIGE-SEIGSG'LJQLS EPL;EIWPGULT)LI i.e. a period of one year after the date when first
payment of interest or of principal, whichever is later,
DLOHLT>WPGETOL4KLVvLSTETMBSLTLUVEÈOL;VETGPLLÉLIV falls due, subject to satisfactory performance of the
WLVTETELKLHI-746..;ETGZ WJY[T.GELULSLH4" account during the period.
VJI JK PYI;²S ÈLPLVLTB ET WGSGKºL2> MLFL6 ÈLPLV )LI 5.5 In addition to the specific provision on NPAs, general
)LLKSI GKUP; D4BE ET FL4UXOL GOLLGVO;TLLTB ET WVRMLK -7TB..; provisions are also made for standard assets as per
extant RBI Guidelines. These provisions are reflected
WLG-SLTBETGZ GELYLH4"TÈLPLVSRZVJLEIWVRMXQI in Schedule 5 of the Balance Sheet under the head
FTB ??W6OTSL B PÈLPLVW6"LIL;EET WBSY;SÈOGL;S “Other Liabilities & Provisions – Others” and are not
GELULSLH4WL4KVT7 VJI HLTVTJKGPQLKVHIBGELULSLH4" considered for arriving at the Net NPAs.
)LLKSIGKUP;D4BEETGOLLGVO;TLLTBETWVRMLKY4KGVJLGOSWGY[FLTB 5.6 In accordance with RBI guidelines, accelerated

ETGZ GE Y 3PGKSÈLPLVGUMTD4BE^LKLJXP;FTB M F provision is made on non-performing advances which
were not earlier reported by the Bank as Special
+TLIETWBSY;SM467ZGKJLTGU7KIWL8J2CBJ2LF;TLVWL8VZLU;¹TG.7 Mention Account under “SMA-2” category to Central
MIWLKWLC; ZMI
ELTGPLTLPGL;SvLSTFTBGKJLT7;VHIBGELULSL Repository of Information on Large Credits (CRILC).
'LL" 3PGKS ÈLPLV Y4K GVJLGOS WGY[FLTB ET GZ )LI GEL YL Accelerated provision is also made on non-performing
H4 ULT MEZ %MJLTUKWL4KGFGZVLNMMT ¦JKMBRºL2 advances which are erstwhile SMA-2 accounts with
NÉLLKESL;WLTBEIJ2LTKF UT Z J2
ETML'LS3ELZIV M F Aggregate Exposure (AE) ` 1,000 million or above and
Joint Lenders’ Forum (JLF) is not formed or they fail to
vLSLTBETJFTBYG#SVHIBGE Y H4BLGVL;GKSLTUVL MI JI

agree upon a common Corrective Action Plan (CAP)
JKPTMHFSHLTVTFTBWMJ2ZHLTYTH4B" within the stipulated time frame.
JXP; PLLT FTB DËÑT vLSTLLTB ETGPPMXZEIYC;KLGLWL4KÈLPLVLTB Amounts recovered against debts written-off in earlier
ELTNLKESL;EIPS;FLVG-'LGSETJGKÈT\FTB GPQLKEKVLWLPE years and provisions no longer considered necessary
VHIBMFLYLH4WL4KCMTZL)LHLGVvLSTB FTB GZLULSLH4" in the context of the current status of the borrower are
recognised in the profit and loss account.
EB7I %MJLTUKETGZ ÈLPLV
5.7 Provision for Country Exposure:
WLG-SPYI;EKLG-'LGSET WVRMLKGE Y GPGL7ÈLPLVLTB ET
In addition to the specific provisions held according
WGSGKºL2GEMIOTLET %MJLTUKLTB WJVTOTLETWZLPLW6
ET to the asset classification status, provisions are also
GZ )LIÈLPLVGELYLH4"OTLLTBELTMLSULTGvF+TGLLTBW'LL;S_ made for individual country exposures (other than the
GVK'L;E>EF>FÉF>N1Q>DHRSN1Q>ÈGSDBGSWL4KWL8J2¹TG.7 home country). Countries are categorized into seven
risk categories, namely, insignificant low, moderately
FTBPYI;²SGELYLH4WL4KÈLPLV)LLKSIGKUP;D4BEETFL4UXOL Low, moderate, moderately high, high & very high
GOLLGVO;TLLTBETWVRMLKGELYLH4"È3TEOTLETFLFZTFTBGO and provisioning made as per extant RBI guidelines.
D4BEELOTL %MJLTUK GVPZ
ERZGPºLJLTGLSWLG-SLTBEI If the country exposure (net) of the Bank in respect of
each country does not exceed 1% of the total funded
MTWGEVHIBH4SLT TMTEB7I %MJLTUKFTBELTC;ÈLPLVVHIBGEL assets, no provision is maintained on such country
ULSLH4"ÈLPLVSRZVJLEIWVRMXQIFTB ?W6OTSL B PB exposures. The provision is reflected in Schedule 5
ÈLPLV??W6ETWBSY;SÈOGL;SGELULSLH4" of the Balance Sheet under the “Other liabilities &
Provisions – Others”.
-74B..;WLG-SLTETGPELWGSGKºL2ÈLPLV EB7IULTGvF
5.8 An additional provision of 2% ( in addition to country risk
ÈLPLVETWZLPLH4ULTGEGPOTLI %-JLTUKLTBJKZLYXHLTSIH4

provision that is applicable to all overseas exposures)
)LLKSIEL8JL;TKT7ET -7TJ.LNVWVRLBGYLTB ET %-JLTUKELT OLL;SL against standard assets representing all exposures to
H4>ETWBSY;SMBKQVLEIUG7ZSL>)LLKSIE&JVIELTÈE7EKVT step down subsidiaries of Indian Corporates has been
PLZLTBGPG)L6V6LLGEKLLTBFTBGPG)L6VFÉ-'LMB-'LLWLTBET-'LLVMT made to cover the additional risk arising from complexity
N3J6VWGSGKºL2ULTGvFELT EPKGELULSLH4"CMGZ D4BEET in the structure, location of different intermediary entities
in different jurisdictions exposing the Indian Company,
JLM EY&)LIKKLUVIGSEPGPGVLFEULTGvFH4 )LLKSIGKUP;
and hence the Bank, to a greater political and regulatory
D4BE ET JGKJL M WLKDIWLC;!!.IDIWLKWLC;DI.I risk. (As per RBI Cir.No. RBI/2015.16/279 DBR.IBD.BC
DIMIMB<L!!GOVLBE
No. 68/23.37.001/2015-16 dated 31.12.2015).
213
WQZWLG-SL8B 6. FIXED ASSETS
KWQZWLG-SLTB 6.1 Fixed assets are stated at historical cost less accumulated
GUVJGKMKLTB ELJRVF; :X VHLTQRELH4>N6HT/LT.E
depreciation/amortisation, wherever applicable,
ELTNVEIJK&JKLYSZLYSJKGOvLLULSLH4"JRVF;:X VJKHRC; PAG except those premises, which have been revalued. The
ELTJRVF;:X VÈLKG\LSGVGFTB UFLGELULSLH4WL4KJRVF;:X VKLGL appreciation on revaluation is credited to revaluation
FTB WLKLT*DSLHRWLFX:ÀLMNMFTB MTEFEKGOLULSLH4" reserve and incremental depreciation attributable to the
revalued amount is deducted therefrom.
ML8¾7PTKELTJXBUI²SEKWFXS;WL8G-SLTBETML'LULT.GOLYL 6.2 Software is capitalized and clubbed under Intangible
H4" assets.
vKIOOLKIEIZLYSMGHSM)LIvQ;T U4MT MLC7S4LKI>MB-'LLJVL 6.3 Cost includes cost of purchase and all expenditure
such as site preparation, installation costs and
ZLYS>JBUIEKLETMFSEWLG-SJKvQ;EIYI0PMLGE professional fees incurred on the asset till the
J2IMZLYSFTBLLGFZH4"WLG-SLTBJKvQ;GE Y JGKPSI;vQ;T time of capitalization. Subsequent expenditure/s
ETPZ S)LI JXBUI²S GE ULST H4B UD TMI WLG-SLTB L NVEI incurred on the assets are capitalised only when it
increases the future benefits from such assets or
EL;\LFSLMT)LGPETZL)LFTBPAGHLTSIH4" their functioning capability.
FX:ÀLM 6.4 DEPRECIATION
E WLG-SLTB UHLBEIFSWZYVEIULMESIHLTPHL)LXGFMGHS
A. Depreciation on assets (including land where value is not
E&*X7KLTB ELT /LT.EKUHLB CMEIYLVL)LLKSIGKUP; D4BE^LKL separable) is provided on straight-line method based on
GVL;GKSOKJKMIIKTvLJGSJKGELULSLH4>ELT /LT.EK> estimated life of the asset, except in respect of computers
JKFX:ÀLMETGZTÈLPLVWLG-SEIÈ3LGLSWLRETWLLK where it is calculated on the straight-line method, at the
JKMIIKTvLJGSETWVRMLKGELULSLH4" rates prescribed by RBI.
v
TMI WLG-SLTB JK FX:ÀLM GV&VGZGvS OKLTB JK ÈOLV GEL YL B. Depreciation on assets has been provided at the rates
H4 furnished below:-
GPPKL FX:ÀLMOK Particulars Rate of Depreciation

DTGFLOIJËÑT JKZIYC; )LXGFUHL JËÑT EIWPGEL LX6 Land acquired on perpetual lease where Nil
no lease period is mentioned
N:ZTvVHIBH4
JËÑT ET WLLKJKZIYC; )LXGFUHL JËÑT EIWPGEL JËÑTEIWPGJK Land acquired on lease where lease Over lease period
N:ZTvH4 period is mentioned
)LPV Building
● »IHLT:.WL4KJËÑTEI)LXGFJKGVGF;S>UHLBJËÑTEI 2.50% • Constructed on free hold land and on 2.50%
WPGPL;MTWGEH4 leased land, where lease period is above
40 years
● JËÑT EI )LXGF JK GVGF;S UHL JËÑT EI WPG JËÑTEIWPGJK • Constructed on leased land where Over lease period
PL;MTEFH4 lease period is below 40 years.
JXP;PSI; 6X D4BE WLJ2 CBG.L WL4K VTORBY.I D4BE GZ MT 4.00% Built-up Assets taken over from erstwhile 4.00%
WGU;SGVGF;SWLG-SL8B New Bank of India & Nedungadi Bank Ltd
J2VI;QKWL4KGJ2%QM;-7IZP-SR B 5.00% Furniture and fixtures- Steel articles 5.00%
J2VI;QKWL4KGJ2%QM;ZE.IEIP-SR B 10.00% Furniture and fixtures-wooden articles 10.00%
YÎT 20.00% Mattresses 20.00%
FLTDLCZJ2LTVNJEKL 33.33% Mobile Phone Instruments 33.33%
FLIVKI>GDUZIEIWL4KGPGPP-SR B 15.00% Machinery, electrical and miscellaneous articles 15.00%
FLT7K>ELK PBMLC;EZTB 15.00% Motor cars and cycles 15.00%
E&*X7K> 7I FWL4KMBDBGSP-SR B>ZTJ7L8J>WLC;J4. 33.33% Computers, ATMs and related items, 33.33%
laptop, i pad
E&*X7K G*ZETLVML8¾7PTKWFXS;WLG-SLB Computer Application Software –
Intangible Assets
- JT!SE KLU-PFTBÈ)LLGKS - Up to Rs. 5,000 Charged to Revenue
- W6 20.00% - Others 20.00%
Y D4BE ET WJVT -PLGF3P ET JGKMKLTB MT CSK WLG-SLTB FTB HR V C. Depreciation on fresh additions to assets other than
JGKPÉL;VLTBETFLFZTFTBFX:ÀLMELÈLPLVNVETÈLTYFTBWLVTET bank's own premises is provided from the month in which
FLHMTWL4KPL;ETOL4KLVDTQI!GVJ7LOIYC;WLG-SLTBETFLFZT the assets are put to use and in the case of assets sold/
FTBÈLPLVGUMFLHFTBWLG-SDTQI!GVJ7LC;YC;H4>NMETJXP;FLH disposed off during the year, up to the month preceding
SEGELULSLH4" the month in which it is sold/ disposed off.
214
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
LD4EB ETWBSFTB FL4UOX D4E

B ETWJVT-PLGF3PETB JGKMKLTB JKFX:ÃLM D. The depreciation on bank's own premises existing at the
JXKT PL;ETGZTÈ)LLGKSGELYLH4"GVFL;LZLYSELTS)LIFX:ÃLM close of the year is charged for full year. The construction
cost is depreciated only when the building is complete in
GELULSLH4 UD)LPVM)LIÈELKMT JXKLHLT ULSLHT"UHLB )LXGF all respects. Where the cost of land and building cannot
WL4K)LPVEIZLYSELWZYMTJSLVHIBZYLLULMESLH4>PHLB be separately ascertained, depreciation is provided on
FX:ÀLMOKJK)LPVJKZLYXMFY[ZLYSJKÈOLVEIULSIH4" the composite cost, at the rate applicable to buildings.
. JËÑLLGKSJGKMKLTBETMBDBFTB>JËÑLÈIGFFGOELTC;H4>JËÑTEI E. In respect of leasehold premises, the lease premium,
MBJXL; WPG JK JGKLLTGS H4 WL4K JËÑL GEKLL MBDBGS PLLT FTB if any, is amortised over the period of lease and the
È)LLGKSGELULSLH4 lease rent is charged in the respective year(s).
WLG-SLTBEIWJMLFL6SL 7. IMPAIRMENT OF ASSETS
WLG-SLTBEIZLYS\LFSLFTBWLBSGKE!DLÂS'LTBETWLLKJKELTC; The carrying costs of assets are reviewed at each Balance
WJMLFL6SLGOvLC;J.SIH4SLTÈ3TESRZVJLGSG'LELTMFIG\LS Sheet date if there is any indication of impairment based
GELULSLH4" on internal/external factors.
EWJMLFL6HLGVS)LIFLVIULSIH4UHLBEHI EWLG-SEI An impairment loss is recognized wherever the carrying
KvLPZLYSCMEIPMXZIKLGLMT5LOLHLTSIH4"PMXZILT9KLGL cost of an asset exceeds its recoverable amount. The
recoverable amount is the greater of the assets net
WLG-SEIGVPZGD¹IEIFSWL4KNJLTGYSLFX:MT5LOLHLTSI selling price and value in use. In assessing value in use,
H4"NJLTGYSLFX:LT ET GVL;KLFTB>WVRFLGVS)LLPIVEOIÈPLH the estimated future cash flows are discounted to their
EKJXP; /X7OKFTB ÈRºL2NMET PS;FLVFX:ELT L7LLULSLH4 present value using a pre-tax discount rate that reflects
ULT NMMFVET PS;FLVDLULKFX:WL4KWLG-SET PYI;²S current market assessments of the time value of money
and risks specific to the asset.
ULTGvFLTBELTOLL;SLH4"
After impairment, if any, depreciation is provided on the
WMLFL6SLETJQLS>GOELTC; H4>FX:ÀLMMTJXL;WLG-SJKCMET revised carrying cost of the asset over its remaining
LTLNJLTYIUIPVETMBLLTGSKvLPZLYSJKÈOLVGELULSLH4" useful life.
JXP; FTB HRC; WMLFL6SLHLGVJGKG-'LGSLTB MT JGKPS;VET WLLKJK A previously recognized impairment loss is increased or
DSIL L7SIH4" reversed depending on changes in circumstances.
HLZLBGE>ÈGSYFVLGKPM;ZETJQLS\LFSLFX:NMFX:MT¦JK However, the carrying value after reversal is not increased
VHIBDSIH4GUMTGOELTC;WJMLFL6SLVHIBHRC;H4SLTMLFL6SL beyond the carrying value that would have prevailed by
charging usual depreciation if there was no impairment.
FX:¶LÀLMÈ)LLGKSEKETGELULVLH4"
8. EMPLOYMENT BENEFITS
EF;QLKIZL)L
• )LGPGVG ● PROVIDENT FUND:
)LGP GVG E MRJGK)LLGLS WBLOLV LTUVL H4 WL4K D4BE JXP; Provident fund is a defined contribution scheme as the
Bank pays fixed contribution at pre-determined rates.
GVÉLL;GKS OKLTB JK GVGQS_ WBLOLV EL )LRYSLV EKSL H4" D4BE EL
The obligation of the Bank is limited to such fixed
OLG3P TMTGVGQS_WBLOLVSEMIGFSH4"TWBLOLVPL;ETZL)L contribution. The contribution are charged to Profit &
PHLGVvLSTFTBÈ)LLGKSGE ULSTH4B" Loss A/c.
• NJOLV
● GRATUITY:
NJOLV OTSL E MRJGK)LLGLS ZL)L OLG3P H4 WL4K DIFLBGES
Gratuity liability is a defined benefit obligation and is provided
FX:LBEVET WLLKJKGOLULSLH4"HLTUVLD4BE^LKLGPºL for on the basis of an actuarial valuation. The scheme is
JLTGLSH4WL4K EWZY7-7^LKLQZLC;ULSIH4" funded by the bank and is managed by a separate trust.
• JTBLV ● PENSION:
JTBLVOTSL EMRJGK)LLGLSZL)LOLG3PH4WL4KDIFLBGEEFX:LEV Pension liability is a defined benefit obligation and is provided
ETWLLKJKGOLULSLH4"HLTUVLD4BE^LKLGPºLJLTGLSH4WL4K for on the basis of an actuarial valuation. The scheme is
EWZY7-7^LKLQZLC;ULSIH4" funded by the bank and is managed by a separate trust.
D4BEVT EVC;JTBLVLTUVL VJI M

ELJGKQLZVGEL"H The Bank operates a New Pension Scheme (NPS) for
all officers/ employees joining the Bank on or after
NVM)LIWGELKI!EF;QLKIGU6HLTVTETDLOD4BE5PLC;V 01.04.2010. As per the scheme, the covered employees
GELHLT>ETGZ H4"LTUVLETWVRMLK>JLLEF;QLKIWJVIDTGME contribute 10% of their basic pay plus dearness
PTSV*ZM.I ELELLTYOLV>D4BEMTF4GQBYLTYOLVMGHS allowance to the scheme together with a matching
OTST H4"MBDBGSEF;QLGKLT ET JBUIEKLÈG¹LWLT ELZ&DVJXKL contribution from the Bank. Pending completion of
registration procedures of the employees concerned,
HLTVTJKCVLTYOLVLTELTGOLULSLH4"CVPLGL;ELTYOLVELTD4BE these contributions are retained. The Bank
JHQLVEKSLH4"S'LLMBDBGSPL;ETGZ NMJK$LU>0ET recognizes such annual contributions as an expense
215
SL4KJKOTSLH4"-'LLC; GK7LKFTB7vLSLMB<L JIWLK V
KMIO in the year to which they relate. Upon receipt of the
ÈL*SHLTVT JKMFTGESLTYOLVKLGLELT VJI M7-7FTB WBSGKS Permanent Retirement Account Number (PRAN), the
consolidated contribution amounts are transferred to
EKGOLULSLH4 the NPS Trust.
• \LGSJXKEWVRJG-'LGSLB ● COMPENSATED ABSENCES:
NJGQS\LGSJXKEWVRJG-'LGSLBU4MTWGU;S/RGËÑLWL4KDIFLKIEI Accumulating compensated absences such as Privilege
/RGËÑL WÈRºL2 WLEG-FE /RGËÑL
DIFLBGEE FX:LEV WLLK Leave (PL) and Sick Leave (including unavailed casual
JKOIULSIH4B" leave) are provided for based on actuarial valuation.
• W6EF;QLKIZL)L ● OTHER EMPLOYEE BENEFITS:
W6 EF;QLKI ZL)L U4MT /RËÑI GEKLL GKLS> GM:PK URDZI Other Employee Benefits such as Leave Fare Concession
WPL.;>GQGE3ML ZL)L C3LGO DIFLBGEE FX:LBEV ET WLLK JK (LFC), Silver Jubilee Award, etc. are provided for based
on actuarial valuation.
GE ULSTH4B"
In respect of overseas branches and offices, the benefits
GPOTLI LLvLWLTB WL4K ELL;ZLTB ET M&D6 FTB ÈGSGVRGºL2 JK YT in respect of employees other than those on deputation
EF;QLGKLTB ELT /LT.E K W6 EF;QLGKLTB ET M&D6 FTB ZL)LLTB ELT are valued and accounted for as per laws prevailing in
M&DG6SOTLLTB FTB ÈQGZSELVXVLTB ETWVRMLKGHMLDFTB GZLULSLH4" the respective countries.
9. TRANSLATION OF FOREIGN CURRENCY
GPOTLIFRÇLMTMBDBGSZTVOTVLTBELJGKPS;VWL4KLTL
TRANSACTIONS & BALANCES:
GPOTLIGPGVFFTBLLGFZZTVOTV M??GPOTLIGPGVFOKLTBFTB Transactions involving foreign exchange are accounted
for in accordance with AS 11, “The Effect of Changes in
JGKPS;VELÈ)LLPETWVRMLKZTvLBGESGE ULSTH4B" Foreign Exchange Rates”.
JXP;PSI;ZBOVG-'LSLLvLWLTBETWGY[FLTBELT/LT.EK>GUVEL)LLKSFTB 9.1 Except advances of erstwhile London branches which
are accounted for at the exchange rate prevailing on
WBSKLEIGSG'LELTZLYXGPGVFOKLTBETWLLKJKJGKPS;VGEL the date of parking in India, all other monetary assets
YLH4>)LLKSIGPOTLIFRÇL0LJLKIMB L J2T.LC;
ETFLY;GVO;TLLTBET and liabilities, guarantees, acceptances, endorsements
and other obligations are initially recorded at a notional
WVRMLKSRZVJLEIGSG'LJKGPGVFOKLTB ET WLLKJKFL4GÇE rate and translated in Indian Rupee equivalent at the
WLG-SLTB FTB S'LLOTSLWLTB>YLKBG7LTB>-PI²GSLTB>JA#LBEVLTB PW6 exchange rates prevailing as on the Balance Sheet date
as per Foreign Exchange Dealers' Association of India
OLG3PLTBELTMFSR:)LLKSIJTFTBJGKPGS;SGELYLH4" (FEDAI) guidelines.
WQZWLG-SLTB MT CSKY4KFL4GÇEFOLTB ELJGKPS;VZTVOTVEI 9.2 Non-monetary items other than fixed assets which are
GSG'LELTÈ)LLPIGPGVFOKLTBJKGELULSLH4" carried at historical cost are translated at exchange rate
prevailing on the date of transaction.
DELLPLOLGPGVF-JL87PWY[GT LSMBGPOLWLTB ELT)LLKSIGPOTLI 9.3 Outstanding Forward exchange spot and forward
FRÇL0LJLKIMB LET-JL87!WY[GT LSOKJKSRZVJLGSG'LJKWGMXGQS contracts are translated as on the Balance Sheet
date at the rates notified by FEDAI and the resultant
GPGVFOKLTB JKJGKPGS;SGELULSLH4WL4KJ2Z-PJFX:LBEVJK gain/loss on translation is taken to Profit & Loss
HR ZL)L!HLGVELTZL)LPHLGVvLSTFTB GOvLLULSLH4" Account.
GPOTLI GPGVF -JL87!J2LKP;. EKLK!.I:M FQ;T7 P CB7K D4BE

Foreign exchange spot/forward contracts/deals
(Merchant and Inter-bank) which are not intended
ULT 74G.BY!FQ;T7H4UET GZ VHIB H4 WL4KT SRZVJLGSG'LSE
for trading/Merchant Hedge and are outstanding
DELLH4>GPGVFZL)LJKJRVF;R:LBEVÈ)LLPELTH7LVTETGZ on the Balance Sheet date, are reverse re-valued
J2T.LC;!-JL87!J2LKP;.EIMFLG*SJKGKPM;JRVF;X:LBGESH4"CMSKH at the closing FEDAI spot/forward rate in order to
J2LKP;.GPGVFEKLKET WL3FMLSMT N3J6VÈIGFFW'LPL/X7 remove revaluation effect on exchange profit. The
premium or discount arising at the inception of such
EKLKET MFLPGFTB $LU0LWLET JFTB JGKLLTGS a forward exchange contract is amortised as interest
GE Y H4" expense or income over the life of the contract.
WL S'LL 0 EI FOTB ZTVOTV EI SLKIv ELT ÈQGZS GPOTLI 9.4 Income and expenditure items are accounted for at the
GPGVFOKJKJGKPGS;SEIULSIH4B" exchange rate prevailing on the date of transaction.
Exchange differences arising on the settlement of
FL4GÇEFOLTBETGVJ7LVJKNVMTG)L6VOKLTBJKN3J6VGPGVFWBSK monetary items at rates different from those at which
GUMJKPT LRWLSFTB OU; GE Y 'LT>NMWPGET GZ PT they were initially recorded are recognised as income
N3J6VWLL0ETJFTBFLVTULSTH4B or as expense in the period in which they arise.
216
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QMHM<FHLKMU8<
ANNUAL REPORT
)LLPIFRÇL0LJLKFTB vRZIG-'LGSET GPGVFOKLTB FTB JGKPS;VET Gains/Losses on account of changes in exchange

rates of open position in currency futures trades are
ELKLvLSTFTBZL)L!HLGVO4GVEWLLKJKGPGVFMFLLLTVYAHLTB
settled with the exchange clearing house on daily
ETML'LGVJ7L ULSTH4BWL4K TMTZL)L!HLGVELTZL)LPHLGVvLST basis and such gains/losses are recognised in the
FTBGZLULSLH4" Profit and Loss Account.
GPOTLILLvL B!WJS7ID4BGEBYCELCLB 9.5 Offices outside India / Offshore Banking Units:
I. GPOTLI LLvL WL4K WJS7I D4BGEBY XGV7 ET JGKQLZVLTB ELT I. Operations of foreign branches and off shore
banking unit are classified as "Non-integral foreign
??Y4KMFLEGZSGPOTLIJGKQLZVLTBFTB PYI;²SGELYLH4 operations" and operations of representative
WL4KGPOTLFTBÈGSGVGELL;ZLTBETJGKQLZVLTBELT??MFLEGZS offices abroad are classified as "integral foreign
GPOTLIJGKQLZVLTBETJFTBPYI;²SGELYLH4" operations"
II. MFLEGZS GPOTLI JGKQLZVLTB ET GPOTLI FRÇL ZTVOTVLTB WL4K Y4K II. Foreign currency transactions of integral foreign
MFLEGZSGPOTLIJGKQLZVLTB ELT)LLKSIMVOIZTvLELKMB-'LLV operations and Non-Integral Foreign Operations
^LKLULKIZTvLBEVFLVE^LKLGETYTGVL;KLETWVRMLK are accounted for as prescribed by AS-11.
GELYLH4"
III. Exchange Fluctuation resulting into Profit / loss
III. Y4KMFLEGZSJGKQLZVLTB ET ZL)LHLGVELT GPGVF L7D of Non-Integral Operations is credited /debited to
ÈLKG\LSGVGFTBUFL! L7LGELYLH4" Exchange Fluctuation Reserve.
WLJKEK 10. TAXES ON INCOME

WLEK0D4BE^LKLGE Y PS;FLVEKS'LL.TJ2.;EK0 Income tax expense is the aggregate amount of
EIERZKLGLHLTSLH4"WLEK %7>S'LL ELNBG7BY-74B..; current tax and deferred tax expense incurred by
the Bank. The current tax expense and deferred
ET ÈLPÉLLVLTB ET WVRMLKHIPS;FLVEK0S'LL.TJ2.; EK tax expense are determined in accordance with the
0 EI YLVL HLTSI H4" GPOTL FTB G-'LS ELL;ZLTB JK )LRYSLV provisions of the Income Tax Act, 1961 and as per
GE Y EKLTB ELT LLGFZEKVT ET DLOWLJKEKET GZ Accounting Standard 22 - Accounting for Taxes on
ELNBG7BYEIULSIH4ULTGEM&DG6S5XGKG.%LVETEKGVFLTB Income respectively after taking into account taxes
paid at the foreign offices, which are based on the tax
JKWLÉLLGKSHLTSTH4B" laws of respective jurisdictions.
PL; ET OL4KLV .TJ2.; EK WLG-S L OTSLWLTB FTB JGKPS;VLT EL Deferred Tax adjustments comprises of changes in
MFLLTUVWL4KWLYTZTUL YC;HLGVHLTSLH4".TJ2.;EKWLG-SP the deferred tax assets or liabilities during the year.
Deferred tax assets and liabilities are recognised by
OTSL>PS;FLVPL;ETGZ ELNBG7BYWLWL4KEKLT9WLET considering the impact of timing differences between
DIQETMFWBSKLZETÈ)LLPELTÉLVFTBKvSTHR JHQLVEI taxable income and accounting income for the current
ULSIH4".TJ2.;EKWG-SPOTSLEIYLVLEKEIOKS'LLEK year, and carry forward losses. Deferred tax assets
and liabilities are measured using tax rates and tax
GVFLTBELÈLTY>ULTGESRZVJLGSG'LFTB V G%7PLPL-SGPE laws that have been enacted or substantively enacted
V G%7PGELYLHLT>GELULSLH4".TJ2.;EKWLG-SPOTSL at the balance sheet date. The impact of changes
FTBJGKPS;VELÈ)LLPZL)LPHLGVvLSLTFTBGOvLC;OTSLH4".TJ2.; in deferred tax assets and liabilities is recognised in
the profit and loss account. Deferred tax assets are
EKWLG-SELTJHQLVLULSLH4S'LLÈ3TEGKJLTG7;BYGSG'LJKJRV recognised and re-assessed at each reporting date,
MT-.GELULSLH4ULTÈDBVEIUUFTB7JKWLLGKSHLTSIH4" based upon management’s judgment as to whether
their realisation is considered as reasonably/virtually
U4MTGENVEIGKZLC;UTLVÈFLLSPQ;RWZIGVGQSHLT certain.
ÈGSLTKJKWL 11. Earnings per Share:
D4BEEIÈGSLTKWLLK)LXSWLGKJLT7;WLC;MI WLC;^LKLULKIÈGS The Bank reports basic and diluted earnings per share
LTKJKWLWL4K METWVRMLKHLTSIH4"DTGMEWLÈGS in accordance with AS 20 -‘Earnings per Share’ issued
LTKEIYLVLPL;ETGZ GPLTLEKC;G%P7ILTKLKELTBELT74%M by the ICAI. Basic Earnings per Share are computed by
dividing the Net Profit after Tax for the year attributable
ET DLOLRZL)LELT PL; ET DELLC;G%P7ILTKEIWL4MSV to equity shareholders by the weighted average
MB<LMT)LLYEKETÈL*SEIULSIH4 number of equity shares outstanding for the year.
ÈLPLV>WLEG-FEOTSLTBS'LLWLEG-FEWLG-SL 12. Provisions, Contingent Liabilities and Contingent

Assets:
• MET WVRMLKQL7;. ELNB7TB7MB-'LLV^LKLULKIÈLPLV>
● In conformity with AS 29, “Provisions, Contingent
WLEG-FE OTSL B S'LL WLEG-FE WLG-SL8> D4BE CVET ÈLPLV Liabilities and Contingent Assets”, issued by the
EIJHQLVETPZS)LIEKSLH4 UDJXP; L7VLET JGKLLF-PJ Institute of Chartered Accountants of India, the Bank
217
PS;FLV OLG3P HLT S'LL GUMET JGKLLFS MBMLVLT EL MB)LLGPS recognises provisions only when it has a present
obligation as a result of a past event, and would
WL8N7¾ZLTHLTULTOLG3PELTGVJ7LVTETGZ WLG'L;EZL)LETGZ result in a probable outflow of resources embodying
WLPEHLT S'LLUDOLG3PEIGPPMVIKLGLWVRFLGVSEI economic benefits will be required to settle the
ULMESIHLT" obligation, and when a reliable estimate of the
amount of the obligation can be made.
• GPºLIGPPKLIFTBWLEG-FEOTSLWLTBEIJHQLVVHIBHLTSIH4" ● Contingent Assets are not recognised in the financial
statements.
DRGZV7LBUT%LV 13. Bullion Transactions:
D4BEDRGZVELWLLSEKSLH4GUMFTBY[LHELTBELTDTQVTETGZ The Bank imports bullion including precious metal bars
EEKLKJKWLLGKSDHRFX:FT7ZDLKLLGFZH4"WLLSD4E on a consignment basis for selling to its customers.
The imports are typically on a back-to-back basis
7X D4EJKGPLTLJMT WLLGKSH4 S'LLY[LHEELT NMELFX: and are priced to the customer based on price quoted
M*ZLK^LKLWBGESFX:JKOTVLHLTSLH4"CVDRGZV7LBUT%LVLTB by the supplier. The Bank earns a fee on such bullion
FTBD4BELR:EWGU;SEKSLH4"LR:EELTEFILVWLETWBSY;S transactions. The fee is classified under commission
PYI;²SGELULSLH4"D4BEYLT:.ELTUFLPNMJKLOTSLH4 income. The Bank also accepts deposits and lends gold,
which is treated as deposits/advances as the case may
GUMT $LU0!WLEISKH$LU)LRYSLVFLFZT ET WLLKJK be with the interest paid / received classified as interest
%ZLMIJ2LC;.UFLKLGL!NLKEISKHJTLELGELULSLH4" expense/income.
vB.PLKGKJLTG7;BY 14. Segment Reporting
D4BE>WLKDIWLC;GOLLGVO;TLLTBETWVRMLKS'LLWLC;MI WLC;^LKLULKI The Bank recognizes the Business segment as the

Primary reporting segment and Geographical segment
ELNBG7BY-74B..; EIWVRJLZVLFTB GDUVTMvB.LTB EIJHQLV as the Secondary reporting segment, in accordance
ÈL'LGFEGKJLTG7;BYvB.S'LL)LL4YLTGZEvB.ELTMTETB.KIGKJLTG7;BYvB. with the RBI guidelines and in compliance with the
ETJFTBEKSLH4" Accounting Standard 17 issued by ICAI.
218
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
ZTvLTBJKG7*JGLLB NOTES TO ACCOUNTS

MFTGES GPºLI GPPKLJLLTB FTB GUV WVRLBGYLTB JK GPQLK 1. The subsidiaries considered in the preparation of the
consolidated financial statements are as under:
GELYLH4>PTGV&VGZGvSH4B
FTB
(in %)
WVRLBYIEBJVIELVLF EHLYG#SHRC; GV&VGZGvSGSG'LLTBELT Name of the Subsidiary Country of % Voting power held
ÉLGKSÈGSLSFSLGELK Company incorporation as at
31.03. 2017 31.03. 2016
JI VDIGY:7MGZGF7T.* )LLKS 74.07 74.07 1. PNB Gilts Limited* India 74.07 74.07
JBULDV4LVZD4BE XET 100.00 100.00 2. Punjab National Bank United Kingdom 100.00 100.00
CB7KV4LVZ
GZGF7T. (International) Ltd.
JI VDICVPT-7FTB7 )LLKS 100.00 100.00 3. PNB Investment India 100.00 100.00
MGP;MTUGZGF7T. Services Ltd.
.EJI VDID4BEGZ )LX7LV 51.00 51.00 4. Druk PNB Bank Ltd. Bhutan 51.00 51.00
JI VDIDIFLD[LTGEBYÈL )LLKS 81.00 81.00 5. PNB Insurance India 81.00 81.00
GZ# Broking Pvt Ltd#
* CVELL;ZLTBETGPºLIGPPKLJLE&JVIWGGVF>ETW6SY;S)LLKSETGV6LE * The financial statements of this company are subject to Supplementary

PB FHLZTvLJKI\LE ^LKL WVRJXKE ZTvLJKI\LL JXKI HLTVT WL4K NVEI GKJLT7; EI ÈLG*S ET Audit by the Comptroller & Auditor General of India, under the Companies
WÉIVH4B" Act, 2013 and receipt of their report.
# EBJVIELT MFL*SEKVT ET EOFN#LT ULKHT H4B %LTBGEE&JVIVT GOVLBEELT # Steps are being taken for winding up of the company as the license has
ZLCMTBMJHZTHIPLGJMEKGOLH4" already been surrendered on 14.02.2011.
MFTGES GPºLI GPPKL JLLTB ET GZ GV&VGZGvS MHLTYI 2. Associates / Joint Venture considered in consolidated
MB-'LLWLTBJKGPQLKGELYLH4 financial statements are as under:
FTB
(in %)
MHLTYIE&JVIELVLF GUMOTLFTB GV&VGZGvSGSG'LLTBELT Name of the Associate Country of Proportion of ownership

Company incorporation percentage as at
YG#SHRC; -PLGF3PELÈGSLS
31st March, 31st March,
2017 2016
FÉGDHLKY[LFIL )LLKS 35 35 1. Madhya Bihar India 35 35
D4E>J7VL Gramin Bank,
Patna.
MP;HGKLLLY[LFIL )LLKS 35 35 2. Sarva Haryana India 35 35
Gramin Bank,
D4BE>KLTHSE Rohtak
GHFLQZJ[OTLY[LFIL )LLKS 35 35 3. Himachal Pradesh India 35 35
Gramin Bank,
D4BE>FB.I Mandi.
JBULDY[LFILD4BE> )LLKS 35 35 4. Punjab Gramin India 35 35
EJXK'LZL Bank, Kapurthala.
MP;XJIY[LFILD4BE> )LLKS 35 35 5. Sarva UP Gramin India 35 35

Bank, Meerut.
FTK#
PKT-7D4BEGZGF7T. VTJLZ 20 20 6. Everest Bank Ltd. Nepal 20 20
(Joint Venture)
MBRºL2NJ¹F
GÈBGMJZJI VDI MT7 )LLKS 21.38 21.38 7. Principal PNB Asset India 21.38 21.38
F4VUT FT7B EÈLGZ Management Co.
Pvt. Ltd.
GÈBGMJZ7-7IEÈL )LLKS 30 30 8. Principal Trustee India 30 30
GZ )LLKS Co. Pvt. Ltd.
JI VDIFT7ZLCJ2 )LLKS 30 30 9. PNB Metlife India India 30 30

Insurance Company
CBG.LCBLTKTBMEBJVI Ltd
GZ
UT MMI7TBYKID4BE> EULGv-SLV 49 49 10. JSC Tengri Bank, Kazakhastan 49 49
Almaty, Kazakhstan
:FL7I>EULGv-SLV
JI VDIHLNBGMBY )LLKS 39.08 51.01 11. PNB Housing India 39.08 51.01
Finance Limited
J2LC;VTBMGZ
219
J2R7VLT7 Footnote:
PKT-7D4BEGZGF7T.ELZTvLBEVPL;HFLKTD4BEMTG)L6VH4" 2.1 Everest Bank Ltd. follows accounting year different from
that of the Parent.
PL;ETGZ GV&VGZGvSMHLTYIE&JGVLTBMTÈL*SY4K
2.2 The bank's share in the following Associates have been
ZTvLJKIG\LSGPºLIGPPKLJLLTB ET WLLKJKZTvLTB FTB D4BEET considered in the accounts on the basis of un-audited
LTKETGPLFTBGPQLKGELYLH4" financial statements received for the year 2016-17:-
E GÈBGMJZ7-7IE&JVIÈLGZ a) Principal Trustee Co. Pvt. Ltd.
v GÈBGMJZJI VDIWMT7F4VTUFTB7E&JVIÈLGZ b) Principal PNB Asset Management Co. Pvt. Ltd.
Y PKT-7D4BEGZVTJLZ MBRºL2NJ¹F
c) Everest Bank Limited, Nepal (Joint Venture)
L UT MMI7TBYKID4BE> :FL7I>EULGv-SLV d) JSC Tengri Bank, Almaty, Kazakhstan
. MP;XJIY[LFILD4BE>FTK# e) Sarva UP Gramin Bank, Meerut.
JXUIÈLKG\LSGVG!MLvELGPPKLGV&VGZGvSH4 2.3 The break-up of Capital Reserve/Goodwill is as follows: -

(`. in Crore)
EKLT.FTB

GPPKL EI EI Particulars As on As on
31.03.2017 31.03.2016
G-'LGS G-'LGS
MLv 0.24 0.24 Goodwill 0.24 0.24
JXUIÈLKG\LSGVG 66.77 66.77 Capital Reserves 66.77 66.77
MLv LR
0.00 0.00 Goodwill (Net) 0.00 0.00
MFTEVJKJXBUIÈLKG\LSGVG 66.53 66.53 Capital Reserve on Consolidation 66.53 66.53
TGFLOIDBJL!YL4LNLKLTB ET JFTB ¹FL7IK"WL4K 2.4

D Perpetual bonds/subordinated debt raised as Tier I
and Tier II Capital:
7IK""JXUIGV&VPS_UR7LC;H4"
EKLT.FTB
(`. in Crore)

31.03.2017 31.03.2016
PL;ETOL4KLVZLTPK7IK""JXUIET 17.88 1791.26 Amount of subordinated debt 17.88 1791.26
raised as Lower Tier-II Capital
JFTBUR7LC;YC;YL4LLEIKLGL during the year
PL;ETOL4KLVWJK7IK""JXUIET 0 0 Amount of subordinated debt 0 0
raised as Upper Tier-II Capital
JFTBUR7LC;YC;YL4LLEIKLGL during the year
PL;ETOL4KLV7IK"JXUIETJFTB 2379.70 0 Amount of perpetual bonds raised 2379.70 0
as Tier-I Capital during the year
UR7LC;YC;DTGFLOIDBJLLTBEIKLGL
D4BEMFXHELJXUIJL;*SSLWVRJLS DTMZIIWL4KDTMZIII
3. The capital adequacy ratio (Basel II and Basel III) of
the bank group is as under:
GV&VGZGvSH4
DTMZII Basel II
GPPKL Particulars (31.03.2017) (31.03.2016)
MIWLK WLK 12.39 13.66 CRAR% 12.39 13.66
MIWLK WLK7IKI JXBUI
8.30 9.56 CRAR – Tier I capital (%) 8.30 9.56
MIWLK WLK7IKII JXBUI
4.09 4.10 CRAR – Tier II capital (%) 4.09 4.10
DTMZIII Basel III

GPPKL Particulars (31.03.2017) (31.03.2016)
Common equity Tier 1 Capital 8.17 8.48
MLFL6CG%P7I7IK"JXBUIWVRJLS
8.17 8.48
ratio (%) (Basel- III)
DTMZ"""
7IKJXBUIWVRJLS
DTMZ"""
9.25 10.16 Tier 1 Capital ratio (%) (Basel- III) 9.25 10.16
7IKJXBUIWVRJLS
DTMZ"""
2.73 2.99 Tier 2 Capital ratio (%) (Basel- III) 2.73 2.99
ERZJXBUIWVRJLS MIWLK WLK
11.98 13.15 Total Capital ratio (CRAR) 11.98 13.15

DTMZ"""
(%) (Basel- III)
220
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
ZTvLFLVELTB^LKLWJTG\LSÈE7IEKL 4. Disclosures required by Accounting Standards

ZTvLFLVEJXP;WPGWL4KZTvLBEVVIGSFTBJGKPS;V 4.1 AS 5 - Prior Period and Change in Accounting Policy
)LLKSIMVOIZTvLELKMB-'LLV^LKLULKIZTvLFLVEETWIV There were no material prior period income/expenditure

items requiring disclosure under AS-5 issued by The
ELTC; FH3PJXL; JXP;WPGWL!0ELÈE7IEKLWJTG\LSVHIB Institute of Chartered Accountants of India. There is
H4B"GJ/ZT PL; FTB WVRJLGZSEIYC; GEMIZTvLBEVVIGSFTB ELTC; no change in any accounting policies followed in the
JGKPS;VVHIBGELYLH4" previous year.
ZTvLFLVEFX:ÀLMZTvLGPG 4.2 AS 6 - Depreciation accounting
PL; FTB WLG-SLTB ET È3TE PY; ET GZ GE Y FX:ÀLM EL -Break up of total depreciation for the year for each class
$L4KL of assets
EKLT.FTB
(`. in Crore)
ELT ELT Year ended Year ended

GPPKL WLG-S+TLI
Particulars (Class of Assets)
MFL*SPL; MFL*SPL; 31.03.2017 31.03.2016
JGKMK 11.02 14.54 Premises 11.02 14.54
W6WQZWLG-SLB 382.80 358.82 Other fixed assets 382.80 358.82
JËÑTPLZIWLG-SLB 0.00 4.89 Leased assets 0.00 4.89
E&*X7KML8¾7PTK 36.66 37.94 Computer software 36.66 37.94
ULT. 430.48 416.19 Total 430.48 416.19
ZTvLFLVEKLU-PJHQLV 4.3 AS 9 - Revenue Recognition
GUMWLELT PMXZIET WLLKJKZTvLBGESGELYLH4 NMT The income which has been accounted for on realization
FH3PJXL;VHIBFLVLYLH4" basis are not considered to be material.
4.4 AS 11- Changes in foreign exchange rates:
ZTvLFLVEGPOTLIGPGVFOKLTBFTBJGKPS;V
Movement of Exchange Fluctuation Reserve
GPOTLIGPGVFNSLKQLPGVGEI L7D
Amount (`. in Crore)
KLGL EKLT.FTB

ÈLKBG)LELTL 333.47 263.48 Opening Balance 333.47 263.48
PL;ETOL4KLVUFL 30.29 70.48 Credited during the year 30.29 70.48
PL;ETOL4KLVWLHGKS 8.02 0.49 Withdrawn during the year 8.02 0.49
MFLG*SLTL 355.74 333.47 Closing Balance 355.74 333.47
ZTvLFLVEEF;QLKIZL)L FXZE&JVI

4.5 AS 15 – Employees Benefits (Parent Company):
ZTvLFLVE MBLLTGS
ELÈE7IEKL DISCLOSURE IN ACCORDANCE WITH AS-15(R):
)LLKSI MVOI ZTvLELK MB-'LLV ^LKL ULKI ZTvL FLVE In line with the accounting policy and as per the
MBLLTGS
EF;QLKIZL)LEIMBG\L*SG-'LGSGV&VPS_H4 Accounting Standard – 15(R), the summarized position
of employment benefits is as under:
EJGK)LLGLSZL)LLTUVL B A. Defined benefit Plans
SLGZELGÈBGMJZDIFLBGEELKLL BWL4KCV TABLE I - Principal Actuarial Assumptions and the basis
LKLLWLTBELWLLK of these assumptions
DIFLBGEE JTBLV NJOLV /R7_7IVEOIEKL Actuarial PENSION GRATUITY LEAVE ENCASHMENT

ÉLLKLL B Assumptions
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
G.-ELNB7OK 8.05% 8.17% 7.37% 8.17% 7.37% 8.17% Discount Rate 8.05% 8.17% 7.37% 8.17% 7.37% 8.17%
LTUVLWLG-SLTB 8.61% 8.61% 8.61% 8.61% 0.00% 0.00% Expected Return 8.61% 8.61% 8.61% 8.61% 0.00% 0.00%
ETÈGSJ2ZEI on Plan Assets
MB)LLGPSOK
PTSVPAGOK 6.00% 5.75% 6.00% 5.75% 6.00% 5.75% Rate of Escalation 6.00% 5.75% 6.00% 5.75% 6.00% 5.75%
In salary
GVELMI 1.00% 1.00% 1.00% 1.00% 1.00% 1.00% Attrition Rate 1.00% 1.00% 1.00% 1.00% 1.00% 1.00%
Attrition
OK
221
SLGZELII -OLG3PLTBETPS;FLVFX:FTBJGKPS;V TABLE II - Changes in Present value of the obligation
M)LIKLGLEKLT.FTB
(ALL AMOUNTS IN CRORES)
JTBLV NJOLV /RËÑIVEOIEKL PENSION GRATUITY LEAVE ENCASHMENT

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
WPGETÈLKB)L 20179.68 18217.40 2615.94 2419.83 1401.53 1308.47 Present value 20179.68 18217.40 2615.94 2419.83 1401.53 1308.47
FTBOLG3PEL of Obligation at
the beginning of
PS;FLVFX:
period
$LUZLYS 1598.26 1415.01 198.79 177.78 103.15 95.43
Interest Cost 1598.26 1415.01 198.79 177.78 103.15 95.43
QLZXMTPLZLYS 540.15 476.83 209.55 197.68 46.89 44.48
Current Service 540.15 476.83 209.55 197.68 46.89 44.48
ÈOºLZL)L (1234.20) (1191.77) (365.60) (395.24) (278.00) (231.22) Cost
Benefits paid (1234.20) (1191.77) (365.60) (395.24) (278.00) (231.22)
OLG3PLTBJK 1775.92 1262.22 271.39 215.89 203.95 184.36
DIFLBGEEHLGV! Actuarial loss 1775.92 1262.22 271.39 215.89 203.95 184.36
/ (gain) on
ZL)L
GFZLV
obligations
GE Y WLBE.T
(Balancing Figure)
OLG3PEL 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53
Present value of 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53
PS;FLVFX: Obligation
SLGZELIII -LTUVLWLG-SLTBETNGQSFX:FTBJGKPS;V TABLE III - Changes in the FV of the Plan Assets

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
WPGETÈLKB)LFTB 20841.72 17373.01 2666.75 2836.40 - - FAIR value of 20841.72 17373.01 2666.75 2836.40 - -
OLG3P EL NGQS Plan Assets, at
the beginning of
FX:
period
LTUVLWLG-SLTBJK 1799.35 1579.43 227.48 227.20 - - Expected return on 1799.35 1579.43 227.48 227.20 - -
MB)LLGPSÈGSJ2Z Plan assets
D4BE^LKLWBLOLV> 1347.46 3134.80 316.21 0.00 278 231.22 Contributions by 1347.46 3134.80 316.21 0.00 278 231.22
EF;QLKI Bank, employees
ÈOºLZL)L (1234.20) (1191.77) -365.60 (395.24) (278.00) (231.22) Benefits Paid (1234.20) (1191.77) -365.60 (395.24) (278.00) (231.22)
LTUVLWLG-SLTBJK 1906.32 (53.78) 310.99 (1.61) - - Actuarial (loss) 1906.32 (53.78) 310.99 (1.61) - -
DIFLGEBE HLGV
! / gain on Plan
Assets(Balancing
ZL)L GFZLVGE
Figure)
Y WLBE.TB
LTUVL WLG-SLTB 24660.65 20841.72 3155.83 2666.75 - - FAIR value of 24660.65 20841.72 3155.83 2666.75 - -
EL NGQS FX:> Plan Assets,
31.03.2017
SLGZELIV -LTUVLWLG-SLTBJKPL-SGPEÈGSJ2Z TABLE IV - Actual Return on Plan Assets

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
LTUVLWLG-SLTB 1799.35 1579.46 227.48 227.20 - - Expected return 1799.35 1579.46 227.48 227.20 - -
JKMB)LLGPS on Plan
ÈGSJ2Z Assets
LTUVLWLG-SLTB 1906.32 (53.78) 310.99 (1.61) - - Actuarial (loss) 1906.32 (53.78) 310.99 (1.61) - -
JKDIFLBGEE / gain on Plan
Assets
HLGV
!ZL)L
LTUVLWLG-SLTB 3705.67 1525.68 538.47 225.59 - - Actual Return 3705.67 1525.68 538.47 225.59 - -
JKPL-SGPE on
Plan Assets
ÈGSJ2Z
SLGZELV -FL6LRDIFLBGEE ZL)L

!HLGV TABLE V - Net Actuarial (Gain) / loss Recognized

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
WPGOLG3P (1775.92) (1262.22) (271.39) (215.89) (203.95) (184.36) Actuarial gain (1775.92) (1262.22) (271.39) (215.89) (203.95) (184.36)
JKDIFLBGEE / (loss) for
the period -
ZL)L! HLGV
Obligations
222
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WPGLTUVL 1906.32 (53.78) 310.99 (1.61) 0 0 Actuarial gain 1906.32 (53.78) 310.99 (1.61) 0 0
WLG-SLTBJK / (loss) for the
period - Plan
DIFLBGEEZL)L! Assets
HLGV
WPGETGZ (130.40) 1316.00 (39.60) 217.49 203.95 184.36 Total (Gain) / Loss (130.40) 1316.00 (39.60) 217.49 203.95 184.36
for the period
ERZ ZL)L
!HLGV
WPGFTBFL6 (130.40) 1316.00 (39.60) 217.49 203.95 184.36 Actuarial (gain) or (130.40) 1316.00 (39.60) 217.49 203.95 184.36
loss recognised in
DIFLBGEE ZL)L
the period
W'LPLHLGV
PL;ETWBSFTB 0 0.00 0.00 0.00 0.00 0.00 Unrecognised 0 0.00 0.00 0.00 0.00 0.00
Actuarial (gain) /
WFL6DIFLBGEE
loss at the end of
ZL)L
!HLGV the year
SLGZEL VI -SRZVJLFTBFL6KLGL TABLE VI - Amount recognised in Balance Sheet

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
OLG3PLTBEL 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53 Present value of 22859.81 20179.68 2930.07 2615.94 1477.52 1401.53
PS;FLVFX: Obligation
LTUVLWLG-SLTB 24660.65 20841.72 3155.83 2666.75 0 0 FAIR value of Plan 24660.65 20841.72 3155.83 2666.75 0 0
ELNGQSFX: Assets,
WBSK (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53 Difference (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53
Transitional
MB¹FLLIZOTSL Liabilty
WFL6GPYS 0 0 0 0 0 0 Unrecognised 0 0 0 0 0 0
MTPLZLYSY4K Past Service cost
- vested benefits -
GVGHSZL)L
Carried Forward
WLYTZTULLYL
SRZVJLFTBFL6 0 0 0 0 1477.52 1401.53 Liability 0 0 0 0 1477.52 1401.53
Recognised in the
OTSL
Balance Sheet
ZTvLFLVE (1800.84) (662.04) (225.76) (50.81) 0.00 0.00 Negative amount (1800.84) (662.04) (225.76) (50.81) 0.00 0.00
MBLLTGS
ET determined under
under Paragraph
J4KLETWBSY;S
55 of AS-15 (R)
VELKL3FEKLGL
NJZ$PLJMI 1800.84 662.04 225.76 50.81 0.00 0.00 Present value of 1800.84 662.04 225.76 50.81 0.00 0.00
ELPS;FLV available refunds
and reductions
FX:WL4K)LLPI in future
WBLOLVLTBFTBE7L4SI contributions
ZTvLFLVE 1800.84 662.04 225.76 50.81 0.00 0.00 Resulting asset 1800.84 662.04 225.76 50.81 0.00 0.00
MBLLTGS
ET as per
J4KLvET Paragraph 59
(b) of
W6SY;SFL6 AS-15 ( R )
WLG-SL
SLGZEL VII - ZL)LPHLGVvLSTFTBHLTVTPLZTFL60 TABLE VII - Expense to be recognised in

Profit and loss statement
GPPKL JTBLV NJOLV /RËÑIVEOIEKL PENSION GRATUITY LEAVE ENCASHMENT
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
QLZXMTPLZLYS 540.15 476.83 209.55 197.68 46.89 44.48 Current Service 540.15 476.83 209.55 197.68 46.89 44.48
Cost
$LUZLYS 1598.26 1415.01 198.79 177.78 103.15 95.43 Interest cost 1598.26 1415.01 198.79 177.78 103.15 95.43
LTUVLWLG-SLTBJK (1799.35) (1579.46) (227.48) (227.20) 0 0 Expected return on (1799.35) (1579.46) (227.48) (227.20) 0 0
MB)LLGPSÈGSJ2Z Plan assets
PL; FTB LR FL6 (130.40) 1316.00 (39.60) 217.49 203.95 184.36 Net Actuarial (130.40) 1316.00 (39.60) 217.49 203.95 184.36
DIFLBGEE ZL)L
(gain) / loss
recognised in year
W'LPLHLGV
FL6 GPYS MTPL 0 0 0.00 0.00 0 0 Past Service Cost- 0 0 0.00 0.00 0 0
ZLYS Recognised
ZL)L P HLGV 208.67 1628.37 141.26 365.76 353.99 324.27 Expenses 208.67 1628.37 141.26 365.76 353.99 324.27
GPPKLI FTB FL6 recognised in the
statement of profit
0 and loss
223
SLGZELVIII-SRZVJLFTBHLTVTPLZILRFL6OTSLFTB L7D TABLE VIII- Movement in Net Liability to be
recognised in Balance Sheet
GPPKL JTBLV NJOLV /RËÑIVEOIEKL PENSION GRATUITY LEAVE ENCASHMENT
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
ÈLKG&)LELR (662.04) 844.39 (50.81) (416.57) 1401.53 1308.47 Opening Net (662.04) 844.39 (50.81) (416.57) 1401.53 1308.47
OTSL Liability
0 208.67 1628.37 141.26 365.76 353.99 324.27 EXPENSE 208.67 1628.37 141.26 365.76 353.99 324.27
ÈOºLWBLOLV (1347.46) (3134.80) (316.21) 0.00 (278.00) (231.22) CONTRIBUTIONS (1347.46) (3134.80) (316.21) 0.00 (278.00) (231.22)
PAID
WBGSFLROTSL (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53 Closing Net (1800.84) (662.04) (225.76) (50.81) 1477.52 1401.53
QLZXWPGFTB Liability (Liability
SRZVJLFTBFL6 recognised in B/S
OTSL
in current period)
SLGZELIX -PS;FLVWPGETGZ KLGL TABLE IX -Amount for the current Period
JTBLV PENSION
31.03.2017 31.03.2016 31.03.2017 31.03.2016
OLG3PLTBELPS;FLVFX: 22859.81 20179.68 Present value of Obligation 22859.81 20179.68
LTUVLWLG-SLTBELNGQSFX:V 24660.65 20841.72 FAIR value of Plan Assets 24660.65 20841.72
)LXSJXP;WMBYG#SMTPLEIFSMTJHZTWGLTL! LL7L
1800.84 662.04 Surplus / (Deficit) before unrecognised past service cost 1800.84 662.04
LTUVLOTSLWLTBJKWVR)LLGPSMFLLTUV HLGV
!ZL)L 313.46 (1476.60) Experience Adjustments in Plan Liabilities -(loss) / Gain 313.46 (1476.60)
LTUVLWLG-SLTBJKWVR)LLGPSMFLLTUV HLGV
NJOLV GRATUITY
31.03.2017 31.03.2016 31.03.2017 31.03.2016
LTUVLWLG-SLTBELNGQSFX:V 3155.83 2666.75 FAIR value of Plan Assets 3155.83 2666.75
)LXSJXP;WMBYG#SMTPLEIFSMTJHZTWGLTL! LL7L
225.76 50.81 Surplus / (Deficit) before unrecognised past service cost 225.76 50.81
!ZL)L (92.29) (218.33) Experience Adjustments in Plan Liabilities -(loss) / Gain (92.29) (218.33)
/R7_7IVEOIEKL LEAVE ENCASHMENT
31.03.2017 31.03.2016 31.03.2017 31.03.2016
LTUVLWLG-SLTBELNGQSFX:V 0 0 FAIR value of Plan Assets 0 0
)LXSJXP;WFL6MTPLEIFSMTJHZTWGLTL! LL7L
(1477.52) (1401.53) Surplus / (Deficit) before unrecognised past service cost (1477.52) (1401.53)
!ZL)L (105.98) (250.27) Experience Adjustments in Plan Liabilities -(loss) / Gain (105.98) (250.27)
!ZL)L 0 0 Experience Adjustments in Plan Assets (loss) / gain 0 0
SLGZELX - LTUVLWLG-SLTBEIÈFRv+TGLL TABLE X - Major Categories of Plan Assets

(as percentage of Total Plan Assets)
ERZLTUVLWLG-SLTBETÈGSLSETJFTB
(In Percentage)
ÈGSLSFTB
JTBLV NJOLV PENSION GRATUITY

31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
)LLKSMKELKEIÈGS)LXGSL 8.85 10.00 13.54 16.00 Government Of India Securites 8.85 10.00 13.54 16.00
KL5MKELKLTBEIÈGS)LXGSL 31.90 35.00 32.13 35.00 State Govt Securities 31.90 35.00 32.13 35.00
N1QYRLPºLLPLZTEL8JL;TKT7DL8. 13.82 17.00 14.05 18.00 High Quality Corporate Bonds 13.82 17.00 14.05 18.00
MXQIDE&JGVLTBETCG%P7ILTK 0.00 1.00 0.00 0.00 Equity Shares of listed companies 0.00 1.00 0.00 0.00
MBJGºL 0.00 0.00 0.00 0.00 Property 0.00 0.00 0.00 0.00
GPLTLUFLLTUVL B 0.00 6.00 0.00 8.00 Special deposit scheme 0.00 6.00 0.00 8.00
DIFLESL;^LKLÈDBGSGVGL 32.68 18.00 14.86 6.00 Funds managed by Insurer 32.68 18.00 14.86 6.00
W6D4BEUFLKLGLL8BS'LL 13.00 13.00 25.42 17.00 Other- Bank Deposits 13.00 13.00 25.42 17.00
UFLÈFLLJL and CDs
ULT. 100.00 100.00 100.00 100.00 TOTAL 100.00 100.00 100.00 100.00
SLGZELXI - WLYLFIPL;ETOL4KLVWBLOLVEL+T#SFWVRFLV TABLE XI - ENTERPRISE'S BEST ESTIMATE OF

CONTRIBUTION DURING NEXT YEAR
JTBLV GVGE
NJOLV GVGE
Pension (Funded) Gratuity (Funded)
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
WLYLFIPL;ETOL4KLVWBLOLVELD4BEEL 1300.00 2000.00 200.00 500.00 Bank's best estimate of Contibution during 1300.00 2000.00 200.00 500.00
+T#SFWVRFLV next year
224
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
SLGZELXII- W6OI LL;PGEF;QLKIZL)L Y4KGVGE

TABLE XII- Other Long Term employee
benefits (Unfunded)
GPPKL WLEG-FE/RËÑIMGHS /RËÑIGEKLLGKLS GMZPKURDZIDLTVM Particulars Sick Leave & Leave Fare Silver Jubiliee
DIFLKIEI/R7_7I Y4KGVGE
Y4KGVGE
Casual leave concession Bonus (unfunded)
Y4KGVGE
(Unfunded) (unfunded)
31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
OLG3PELPS;FLV 64.65 60.86 138.55 108.32 12.83 12.05 Present Value of 64.65 60.86 138.55 108.32 12.83 12.05
FX: Obligation
MB¹FLLIZ OTSL 0 0 0 0 0 0 Opening Balance 0 0 0 0 0 0
ELÈLKG&)LELTL of Transitional
Liability
PL;ETOL4KLVFL6 0 0 0 0 0 0 Transitional 0 0 0 0 0 0
MB¹FLLIZOTSL Liability recogized
in the year
MB¹FLLIZ OTSL 0 0 0 0 0 0 Closing Balance 0 0 0 0 0 0
ELWBGSFLTL Of Transitional
Liability
SRZVJLFTB FL6 64.65 60.86 138.55 108.32 12.83 12.05 Liabity Recognized 64.65 60.86 138.55 108.32 12.83 12.05
OTSL in balance Sheet
GPPKL LKLLELWLLK Particulars Basis of assumption

G.-ELNB7OK MBLLTGSZTvLFLVEMB<LWLKET J4KLET WVRMLK Discount rate Discount rate has been determined by reference
OLG3PEIWVRFLGVSLS; ET WVRJMKELKIDBJLLTB JK to market yields on the balance sheet date on
SRZVJLEIGSG'LELTDLULKÈLG*SLTBETMBO)L;^LKLGVGQS Government Bonds of term consistent with estimated
G.-7LNB7OKSEIYC;H4" term of the obligations as per para 78 of AS15R.
LTUVLWLG-SLTB LTUVL WLG-SLTB JK MB)LLGPS ÈGSJ2Z OK MBDBGS OLG3P Expected rate The expected return on plan assets is based
ETÈGSJ2ZEI EIJXKIWLR ET GK7VLT ET GZ WPGET WLK&)LFTB DLULK of return on on market expectations, at the beginning of the
MB)LLGPSOK MB)LLPVLWLTBJKWLLGKSH4" plan assets period, for returns over the entire life of the related
obligation.
PTSVFTBPAG )LLPIPTSVPAGETWVRFLVLTBETGZ EF;QLKIDLULKFTBWLJXGS; Rate of The estimates of future salary increases considered
EIOK PB FLYU4MT MBD L7ELTB>FBHYLC;>PGK#SL>JOLT6VGSWLGO escalation in in actuarial valuations taking into account inflation,
JKDIFLBGEEFX:LBEVJKMBLLTGSZTvLFLVEMB<LWLK salary seniority, promotion and other relevant factors
ETJ4KLMB<LETWVRMLKGPQLKGELYLH4" mentioned in paras 83-91 of AS15R.
GVELMIOK GVELMIOKELGVL;KLGJ/ZT WL4KMB)LLGPS)LLPIWVR)LPLTB Attrition rate Attrition rate has been determined by reference to
MBO)L; ^LKLGELYLH4 WL4KNMFTB FA3R ELT /LT.EKGEBSR past and expected future experience and includes
WLºL2SL ET ELKL HRC; W6 M)LI ÈELK EI GVELGML all types of withdrawals other than death but
MG&FGZSH4B" including those due to disability.
vJGK)LLGLSWBLOLVLTUVL B. Defined Contribution Plans

D4BEVTWBLOLVLTUVLJGK)LLGLSEIH4ULTGEELTLNMETDLO The Bank has Defined Contribution Plan applicable to all categories
5PLC;VEKVTPLZTM)LI+TLIETEF;QLGKLTBJKZLYXHLTSLH4"HLTUVLJTBLV of employees joining the Bank on or after 01.04.2010. The scheme
J2B.KT9XZT7KIPGPELMÈLGEKLETWBSY;S VJI M7-7^LKLÈDBGSH4" is managed by NPS trust under the aegis of the Pension Fund
VJI METGZ KL7IGM%LTTGK7IG.JLGU7KIGZELTET6ÇIGKEL.;EIGJBY Regulatory and Development Authority. National Securities
UTBMIGVRºL2GELYLH4"PL;ETOL4KLVD4BEVTEKLT. Depository Limited has been appointed as the Central Record
Keeping Agency for the NPS. During the FY 2016-17, the Bank has
ELLTYOLVGOLH4" GJ/ZTPL;H'LL"
contributed Rs 113.16 crores (Previous year Rs 87.17 cr)
YLTUVLWLG-SLTBETNGQSFX:FTBJGKPS;V
C. Changes in Fair Valuation of Plan Assets
WLC;MI WLC;^LKLULKI METWVRMLK>PL;ETOL4KLVJTBLVPNJOLV
In accordance with AS-15 issued by ICAI, during the year while
J2B.JKGPQLKEKSTHR EF;QLGKLTBOI LL;PGZL)LLTB>GVPTLLTBJKÈL*S$LU considering the fair value of plan assets relating to pension and
JXP; PLLT FTB FXZVET GPZTvLFTB GZLYLH4"CMET JGKLLF-PJ gratuity fund being long term benefits of employees, interest
JTBLVPNJOLVJ2B.FTBGVLTUEELWBLOLVPL;ETOL4KLVPS;FLVFX:ET accrued on investments has also been taken into account as
¦JKLTUVLWLG-SLTB ET NGQSFX:ET WLG%ELT OLL;SLH4> against principal amount in earlier years. Consequent to this,
EKLT.EIKLGLELT EF;QLKIZLYSEF;QLGKLTB ET GZ )LRYSLVP employer contribution to pension and gratuity funds representing
ÈLPÉLLVUFLEKGOLYLH4"GJ/ZTPL;ETWLBE.TCM-SKSESRZVI excess of fair value of plan assets over present value of obligation
amounting to Rs.2026.60 crores has been credited to “Payments
VHIBH4"
to and Provisions for Employees- Employee Cost ” during the
year. Figures of previous year are not comparable to that extent.
225
FLQ;>ELTMFL*SPL;ETGZ vB.PLKGKJLTG7;BY 4.6 SEGMENT REPORTING FOR THE YEAR ENDED 31ST
MARCH 2017
ZLvFTB
(`. in lacs)
¹ GPPKL SI. Particulars Year Ended Year Ended
MB ELTMFL*SPL; ELTMFL*SPL; No. 31.03.2017 31.03.2016
(Audited) (Audited)
ZTvLJKIG\LS
ZTvLJKIG\LS
(Consolidated) (Consolidated)
MFTGES
MFTGES
i. vB.PLKKLU-P i. Segment Revenue

E
7TUKI 1750557 1515055 a) Treasury 1750557 1515055
v
EL8JL;TKT7!HLTZMTZD4BGEBY 2341662 2518439 b) Corporate/Wholesale Banking 2341662 2518439
Y
GK7TZD4BGEBY 1519487 1566951 c) Retail Banking 1519487 1566951
L
W6D4BGEBYJGKQLZV 110860 89905 d) Other Banking Operations 110860 89905
ULT. 5722566 5690350 Total 5722566 5690350
ii. vB.PLKJGKLLF ii. Segment Results

E
7TUKI 489518 321294 a) Treasury 489518 321294
v
EL8JL;TKT7!HLTZMTZD4BGEBY -593494 -1119535 b) Corporate/Wholesale Banking -593494 -1119535
Y
L
ULT. 291925 -351117 Total 291925 -351117
iii. Y4KWLDBG7S0 137917 175566 iii. Unallocated Expenses 137917 175566

iv. JGKQLZVZL)L 1497980 1034988 iv. Operating Profit 1497980 1034988
v. EKHTSRÈLPLV 63895 -160356 v. Provision for Tax 63895 -160356
vi. WMLLKLFOTB 0.00 0.00 vi. Extraordinary Items 0.00 0.00
vii. MHLE MB-'LLWLTB FTB LTKLTB EL 33809 15319 vii. Share of Earnings in 33809 15319
WU;V LR
Associates (Net)
viii. W:JLBLGHS 5198 17969 viii. Minority Interest 5198 17969
ix. LRZL)L 118724 -368977 ix. Net Profit 118724 -368977
W6MXQVL Other Information:

x. vB.PLKWLG-SL x. Segment Assets
E
7TUKI 22125727 17336034 a) Treasury 22125727 17336034
v
Y
L
NJULT. 72171440 70289723 Sub Total 72171440 70289723
¥
Y4KWLDBG7SWLG-SL 1159651 989573 e) Unallocated Assets 1159651 989573
ERZWLG-SL 73331091 71279296 Total Assets 73331091 71279296
xi. vB.PLKOTSL B xi. Segment Liabilities
E
7TUKI 20779194 16293061 a) Treasury 20779194 16293061
v
Y
L
NJULT. 69012128 67098871 Sub Total 69012128 67098871
¥
Y4KWLDBG7SWLG-SL 2476 0 e) Unallocated Liabilities 2476 0
ERZOTSL B 69014604 67098871 Total Liabilities 69014604 67098871
226
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
)LLYv)LL4YLTGZEvB. Part B – GEOGRAPHIC SEGMENTS
¹F GPPKL MFL*SPL; MFL*SPL; Sl. Particulars Year Ended Year Ended
MB No 31.03.2017 31.03.2016
ZTvLJKIG\LS
ZTvLJKIG\LS
(Audited) (Audited)
(Consolidated) (Consolidated)
MFTGES
MFTGES
1. KLU-P 1. Revenue
v WBSKL;7I 261680 197565 b) International 261680 197565
ERZ 5722566 5690350 Total 5722566 5690350
2. WLG-SLB 2. Assets
v WBSKL;7I 10064117 10911874 b) International 10064117 10911874
ERZ 73331091 71279296 Total 73331091 71279296
VLT7 Note
vB.PLKOTSL BNVEIMBDBGSvB.WLG-SLTBETWVRJLSFTBGPSGKS 1. Segment Liabilities are distributed in the ratio of their
EIYC;H4B" respective Segment Assets.
2. Figures of the previous period have been re-grouped
UHLB EHIB WLPEMFLYLH4 GJ/ZIWPGET WLBE.LTB ELT
/ reclassified wherever necessary to make them
SRZVIDVLVTETGZ JRVMFXHV!JRV+TLIDGELYLH4" comparable.
)LLKSIMVOIZTvLELKMB-'LLV^LKLULKIZTvLFLVE 4.7 Disclosure of Related Parties as per AS –18 issued
ETWVRMLKÈE7IEKLFXZE&JVI by ICAI - Parent Company
MBDBGSJLG7;LTBETVLFS'LLD4BEETML'LNVETMBDB Names of the related parties and their relationship with

the Bank:
FR<ÈDBVELGF;E
Key Management Personnel:
i
+IFSI NLL WVBSMRD[ÄLV> ÈDB GVOTLE PB FR<
i) Mrs. Usha Ananthasubramanian, Managing
EL;JLZEWGELKI Director & CEO
ii
+IETPID[ÄLUIKLP>EL;JLZEGVOTLE ii) Shri K.V.Brahmaji Rao, Executive Director.
iii
.L8KLF MMBYLJXKT>EL;JLZEGVOTLE iii) Dr .Ram S.Sangapure, Executive Director.
iv
+I MBUIP LKL> EL;JLZE GVOTLE MT iv) Shri Sanjiv Sharan, Executive Director ( w.e.f.
15.09.2016)
È)LLPI

Subsidiaries:
WVRLBGYL
i) PNB Gilts Ltd.
i
JI VDIGY:7_MGZGF7T.
ii) Punjab National Bank (International) Ltd., UK
ii
JBULDV4LVZD4BE CB7KV4LVZ
GZGF7T.>XET
iii) PNB Investment Services Ltd.
iii
JI VDIC6PT-7FTB7MGP;MTUGZGF7T. iv) Druk PNB Bank Ltd, Bhutan.
iv
.EJI VDID4BEGZGF7T.>)LX7LV v) PNB Insurance Broking Pvt Ltd*.
v
JI VDICBLTKTBMD[LTGEBYÈLCPT7GZGF7T.* Associates:
MHLTYIMB-'LL B i) Principal PNB Asset Management Company Pvt.

Ltd.
i
GÈBGMJZJI VDIWMT7F4VTUFTB7E&JVIÈLGZ
ii) Principal Trustee Company Private Limited
ii
GÈBGMJZ7-7IE&JVIÈLGZ
iii
JI VDIFT7ZLCJ2CBG.LCBLTKTBME&JVIGZ iii) PNB Metlife India Insurance Company Ltd.
iv
JI VDIHLNGMBYJ2LCVTBMGZGF7T. iv) PNB Housing Finance Ltd.
v
UT MMI7TBYKID4BE>W:FL7I>EULGv-SLV v) JSC Tengri Bank, Almaty, Kazakhstan
227
vi
FÉGDHLKY[LFILD4BE>J7VL vi) Madhya Bihar Gramin Bank, Patna.
vii
MP;HGKLLLY[LFILD4BE>KLTHSE vii) Sarva Haryana Gramin Bank, Rohtak
viii
GHFLQZÈOTLY[LFILD4BE>F.I viii) Himachal Pradesh Gramin Bank, Mandi
ix
JBULDY[LFILD4BE>EJXK'LZL ix) Punjab Gramin Bank, Kapurthala
x
MP;XJIY[LFILD4BE>FTK# x) Sarva UP Gramin Bank, Meerut.
*EBJVIELT MFL*SEKVT ET EOFN#LT ULKHT H4B %LTBGEE&JVIVT GOVLBEELT *Steps are being taken for winding up of the company as the license has
already been surrendered on 14.02.2011.
ZLCMTBMJHZTHIPLGJMEKGOLH4"
Joint Venture:
MBRºL2NJ¹F
ii) Everest Bank Limited, Kathmandu, Nepal
i
PKT-7D4BEGZ>EL#FLB.X>VTJLZ
228
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
MBDBGSJLG7;LTBMTZTVOTV*
JTZLvFTB
FO! FXZ** WVRLBGYL8B** MHLTYI!MBRºL2 FR<ÈDBV FR<ÈDBV LTY

MBDBGSJL7I; -PLGF3PW'LPL N]F ELGF;E ELGF;ELTBET
GVBLLETWVRMLK
GKSTOLK
2016--17
2016--17
2016--17
2016--17
2016--17
2016--17
WGESF WGESF WGESF WGESF WGESF WGESF
DELL DELL DELL DELL DELL DELL
KLGL KLGL KLGL KLGL KLGL KLGL
JLGK+GFE :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- 115.42 :LLYXVHIB :LLYXVHIB :LLYXVHIB 115.42 :LLYXVHIB
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- (102.29) :LLYXVHIB :LLYXVHIB :LLYXVHIB (102.29) :LLYXVHIB
NLK :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
UFLKLGLL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB 117304.25 -- 43.11 154.23 0.42 0.42 117347.78 154.65
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (498288.69) -- (44.20) (50.16) (41.07) (41.07) (498373.96) (91.23)
UFLKLGLLTB :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
ELGVLTUV :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
WGY[F :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- 116.41 117.21 -- -- 116.41 117.21
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (150000.00) -- -- -- (179.10) (179.10) (150179.10) (179.10)
LTKJXUIFTB :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB 99613.74 -- -- -- -- -- 99613.74 --
GVPTL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (46368.21) -- -- -- -- -- (46368.21) --
LJLLTBFTB :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- --
GVPTL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
Y4KGVGE :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
ÈGSDSL B
ÈL*SEI -- -- -- -- -- -- -- -- -- -- -- --
YC;ZIGUBY!
HLKJQ;TU
0P-'LL B
ÈOLVEI -- -- -- -- -- -- -- -- -- -- -- --
YC;ZIGUBY!
HLKJQ;TU
0P-'LL B
WQZ -- -- -- -- -- -- -- -- -- -- -- --
WLG-SLTBEL
¹
WQZ -- -- -- -- -- -- -- -- -- -- -- --
WLG-SLTBEI
GD¹I
J[L*SEI -- -- -- -- -- -- -- -- -- -- -- --
YC;ZIGUBY!
HLKJQ;TU
0P-'LL B
ÈOºL$LU :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB 19471.63 -- -- -- -- -- 19471.63 --
:LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB (67531.70) -- -- -- -- -- (67531.70) --
ÈL*S$LU :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- --
MTPL BÈL*S :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- --
EKVL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
MTPL BÈOLV :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- --
EKVL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
ÈDBV :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- --
MBGPOL B :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- -- -- -- -- --
ÈL*SZL)LLBL :LLYXVHIB :LLYXVHIB :LLYXVHIB :LLYXVHIB -- -- -- --
D4BEÈ)LLK -- -- -- -- -- -- -- --
ÈL*S -- -- -- -- -- -- -- --
EFILV
ELT#ELTBFTBGO Y WLE.TGJ/ZTPL;ETH4B
**WVRLBGYLTBWL4KER/MHLTYIMB-'LLWLTBETML'LHR ZTVOTVELÈE7IEKLZTvLFLVE??M&DG6SJL7I;ÈE7IEKLETJ4KLETFÎTVUKVHIBGELYLH4ULTKL5^LKLGVBGLSN]FLTBELT

NVEI TMIW6M&DG6SJLG7;LTBMTZTVOTVFTBMTGEMIMTM&DG6SMXQVLOTVTMT/X7OTSLH4ULTKL5^LKLGVBGLSHLTB"
229
Transactions with Related Parties*
( ` in Lacs )
Parent** Relatives of Key

Items/ Related Associates/ Joint Key Management
(as per ownership or Subsidiaries** Management Total
Party ventures Personnel
control) Personnel
Maximum Maximum Maximum Maximum Maximum Maximum

2016-17
2016-17
2016-17
2016-17
2016-17
2016-17
amount amount amount amount amount amount
outstanding outstanding outstanding outstanding outstanding outstanding
Remuneration N.A N.A N.A N.A - - 115.42 NA NA NA 115.42 NA
N.A N.A N.A N.A -- -- (102.29) NA NA NA (102.29) NA
Borrowings N.A N.A N.A N.A -- -- - - - - - -
Deposits N.A N.A N.A N.A 117304.25 - 43.11 154.23 0.42 0.42 117347.78 154.65
N.A N.A N.A N.A (498288.69) -- (44.20) (50.16) (41.07) (41.07) (498373.96) (91.23)
Placement of N.A N.A N.A N.A - - - - - - - -
Deposits N.A N.A N.A N.A - - - - - - - -
Advances N.A N.A N.A N.A - - 116.41 117.21 - - 116.41 117.21
N.A N.A N.A N.A (150000.00) -- -- -- (179.10) (179.10) (150179.10) (179.10)
Investments in N.A N.A N.A N.A 99613.74 - - - - - 99613.74 -
share capital N.A N.A N.A N.A (46368.21) -- -- -- -- -- (46368.21) -
Investments in N.A N.A N.A N.A - - - - - - -
debentures N.A N.A N.A N.A - -- -- -- -- -- - -
Non funded N.A N.A N.A N.A -- -- -- -- -- -- -- --
Commitments
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
provided
Purchase of -- -- -- -- -- -- -- -- -- -- -- --
fixed assets
Sale of Fixed -- -- -- -- -- -- -- -- -- -- -- --
Assets
Leasing/ HP -- -- -- -- -- -- -- -- -- -- -- --
arrangements
availed
Interest paid N.A N.A N.A N.A 19471.63 - - - - - 19471.63 -

N.A N.A N.A N.A (67531.70) -- -- -- -- -- (67531.70) -
Interest N.A N.A N.A N.A - -
received N.A N.A N.A N.A -- -- -- -- -- -- -- --
Receiving of N.A N.A N.A N.A - -
Services N.A N.A N.A N.A -- -- -- -- -- -- -- --
Rendering of N.A N.A N.A N.A - -
Services N.A N.A N.A N.A -- -- -- -- -- -- -- --
Management N.A N.A N.A N.A - -
contracts N.A N.A N.A N.A -- -- -- -- -- -- -- --
Dividend N.A N.A N.A N.A - - - --
received N.A N.A N.A N.A -- -- -- -- -- -- -- -
Bank Charges -- -- -- -- -- -- -- --
Commission -- -- -- -- -- -- -- --
Received
**The transactions with the subsidiaries and certain associates have not been disclosed in view of para-9 of AS-18 ‘Related Party Disclosure’, which exempts
state controlled enterprises from making any disclosures pertaining to their transactions with other related parties, which are also state controlled.
230
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
J7_7LTBETGZ ZTvLBEVZTvLFLVE 4.8. Accounting for Leases – AS 19

GPºLIJËÑT Financial Leases:
EKLT.FTB
Rs in Crores
31.03.2017 31.03.2016 31.03.2017 31.03.2016

GPºLI JËÑT JK ZI YC; WLG-SLTB EL FXZ 0.42 0.42 Original value of assets acquired 0.42 0.42
FX:WL4KW6WQZWLG-SLTB FTB MG&FGZS on financial lease and included
J2VI;QKPGJ2%MQKMGHS
in other fixed assets (including
furniture and fixture)
NM JK GE Y FX:ÀLM EI ÈLPLV EI 0.42 0.42 The amount of depreciation 0.42 0.42
KLGLSE provided upto 31.03.2017 thereon
ELTGK7V.LNVFX: 0.00 0.00 The written down value as on 0.00 0.00
31.03.2017
E PL; MT WVGE FTB 6XVSF MBOT JËÑL 0.00 0.00 Minimum Lease Payment due not 0.00 0.00
)LRYSLV later than one year
EPL;MTWGEGE6SRPL;MTWVGEFTB 0.00 0.00 Minimum Lease Payment due later than 0.00 0.00
MBOT6XVSFJËÑL)LRYSLV one year but not later than five years
PL;ETDLOMBOT6XVSFJËÑL)LRYSLV 0.00 0.00 Minimum Lease Payment due later 0.00 0.00
than five years
JGKQLZVJËÑT 4.71 28.54 Operating leases 4.71 28.54
6XVSF JËÑL )LRYSLV E PL; MT WGE 1.99 14.87 1. Minimum Lease payment due 1.99 14.87
VHIBHLTVLQLGH " not later than 1 year
6XVSFJËÑL)LRYSLV EPL;ETDLOGE6SR 2.72 13.67 2. Minimum Lease Payment due later 2.72 13.67
PL;MTWGEVHIBHLTVLQLGH " than 1 year but not later than 5 years
ZTvLFLVEÈGSLTKWU;V 4.9. AS 20 - Earnings Per Share

EKLT.FTB
(`. in crore)

ÈGSLTKWU;V Earnings per Share
Basic 5.78 -19.32
FXZ 5.78 -19.32
Diluted 5.78 -19.32
SVR²S 5.78 -19.32
EKETJQLS_WBL6XFKT7KETJFTB 1187.24 -3689.77 Amount used as numerator 1187.24 -3689.77
Profit after tax (Rs. In Crore)
NJLTYEIYC;KLGL EKLT.FTB
LTKLTBELWBGESFX: 2.00 2.00 Nominal value of shares Rs 2.00 Rs 2.00
HKG.VLTGFVT7KETJFTB NJLTYGE Y 2053213333 1909375143 Weighted average number 2053213333 1909375143

of equity shares used as the
CG%P7ILTKLTB EI)LLGKSWL4MSMB<L denominator
WL-'LGYS EK WLG-SLTB S'LL OTSLWLTB ET ÈFRv L7E 4.10 Major components of deferred tax assets and liability
GV&VGZGvSH4B are set out below:
(`. in crore)
EKLT.FTB

WL-'LGYSEKWLG-SL Deferred Tax Assets
WLLTÉ PBMBGO9LLTBETGZ ÈLPÉLLV 6202.99 4562.80 Provision for bad & doubtful debts 6202.99 4562.80
/RËÑIVEOIEKLETGZ ÈLPÉLLV 558.47 522.37 Provision for leave encashment 558.47 522.37
JTBLVPNJOLVETGZ ÈLPLV 0.06 0.04 Provision for Pension & Gratuity 0.06 0.04
LKLDIETW6SY;SMLBGPGEOTSL 0.02 0.56 Statutory Liabilities u/s 43B 0.02 0.56
W6 0.01 27.36 Others 0.01 27.36
ULT. 6761.55 5113.13 Total 6761.55 5113.13
WL-'LGYSEKOTSL B Deferred Tax Liabilities
WQZWLG-SLTBJKFX:ÀLM -7.23 -6.03 Depreciation on fixed assets -7.23 -6.03
WLEKWGGVFEILKL
viii 499.73 467.47 Deduction u/s 36(1)(viii)of income 499.73 467.47
tax Act,1961
ETWBSY;SE7L4SI
W6 0.00 39.07 Others 0.00 39.07
ULT. 492.50 500.51 Total 492.50 500.51
WL-'LGYSEKWLG-SL8B! OTSL
LR 6269.05 4612.62 Deferred Tax Assets/ (Liability) – Net 6269.05 4612.62
231
ZTvLFLVEWLG-SLTBELWVU;V C&JTKFTB7
4.11 AS 28 - Impairment of Assets
D4BEEIWLG-SLTBFTBJL;*SGH-MLGPºLIWLG-SLTBELH4GUVJK A substantial portion of the bank’s assets comprise
of ‘financial assets’ to which Accounting Standard 28
ZTvLFLVE??WLG-SLTBELWVU;VZLYXVHIBH4"D4BEEIKL ‘Impairment of Assets’ is not applicable. In the opinion of
FTBCMEIWLG-SLTB GUVJKFLVEZLYXHLTSLH4
EINºL2FLVE the bank, there is no impairment of its assets (to which
EILS;ETWIVWJTG\LSJHQLVETGZTFLQ;ELTGEMI the standard applies) to any material extent as at 31st
March 2017 requiring recognition in terms of the said
FH3PJXL;MIFLSEWVU;EVHIBH4" standard.
ZTvLFLVEÈLPLV>WLEG-FEOTSL BWL4KWLEG-FE 4.12 AS 29 - Provisions, Contingent Liabilities and
WLG-SL8B Contingent Assets
i OTSLWLTBETGZ ÈLPLVLTBFTB L7D* i. Movement of provisions for liabilities*
EKLT.FTB
(`. in Crores)
GPPKL PTSVMFL4ST ELVXVIFLFZT! Particulars Salary Legal cases/

EIDLSQIS WLEG-FESL arrears contingencies
ETW6SY;S under
negotiation
PTSVDELL
WÈ4Z>ELTLTL 8.34 19.89 Balance as at 1st April 2016 8.34 19.89
WPGETOL4KLVÈLPLV 0.00 5.52 Provided during the year 0.00 5.52
WPGETOL4KLVÈRºL2KLGLLB 1.24 0.00 Amounts used during the year 1.24 0.00
WPGETOL4KLVJZ7IYIKLGL 0.00 1.05 Reversed during the year 0.00 1.05
FLQ;>ELTLTL 7.10 24.36 Balance as at 31st March 2017 7.10 24.36
DGHY;FV!WGVGQSSLELMF LX6 LX6 Timing of outflow/uncertainties NIL NIL
*W6ETGZ ÈLPLVELT/LT.EK * Excluding provisions for others
ii ZL)L P HLGV vLST FTB 0 LIL; ET W6SY;S GOvL Y ii Break up of “Provisions and Contingencies” shown
??ÈLPÉLLVLTBPWLEG-FESLWLTBELGPPKLGV&VGZGvSH4 under the head Expenditure in Profit and Loss
Account is as follows:
EKLT.FTB
(`. in Crore)
GPPKL Particulars Year ended Year ended
ELTMFL*SPL; ELTMFL*SPL; 31.03.2017 31.03.2016
GVPTLJKFX:ÀLMETGZ ÈLPLV 486.85 350.24 Provisions for depreciation on 486.85 350.24
investment
WVU;EWLG-SLTBETGZ ÈLPLV 13578.59 18800.68 Provision towards NPAs 13578.59 18800.68
WVU;E WLG-SLTB ET GZ ¾ZLTG7BY ÈLPÉLLV 0.00 0 Floating provisions for NPAs (over 0.00 0
)LLKSIGKUP;D4BEETÈLPLVIEKLFLVO.LTB and above RBI provisioning norms)
MTWGE
FLVEWLG-SLTBETGZ ÈLPLV 431.36 272.54 Provision towards Standard Assets 431.36 272.54
WLEKETGZ GELYLÈLPLV J2DI7I 638.97 -1629.85 Provision made towards Income Tax 638.97 -1629.85
S'LLMBJOLEKMGHS
(including FBT & Wealth Tax )
W6ÈLPLV PBWLEG-FESL B -1056.89 -956.37 Others Provision & Contingencies -1056.89 -956.37
ULT. 14078.88 16837.24 Total 14078.88 16837.24
¾ZLTG7BYÈLPLVLTBELGPPKLGV&VGZGvSH4 4.13 Break-up of Floating Provisions is as follows:
EKLT.FTB
(`. in crore)

!ELT ÈLKG&)LE 360.25 360.25 Opening balance as on 360.25 360.25
01.04.2016/01.04.2015
LTL
PL; ET OL4KLV GET YT ¾ZLTG7BY ÈLPLV 0 0 Quantum of floating provisions made 0 0
during the year
EIFLLL
PL;ETOL4KLVWLHGKSKLGLELNÎT 0 0 Purpose and amount of draw down 0 0
made during the year
! ELT WG6SF 360.25 360.25 Closing balance as on 360.25 360.25
LTL 31.03.2017/31.03.2016
232
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WLEG-FEOTSLWLTBJKWVRMXQIOTvTB 4.14 Refer Schedule-12 on Contingent Liabilities

TMIOTSL B6LLZ!JBQL7!6LLZMTDLHKMFL4SLTB>WJIZLTB Such liabilities are dependent upon, the outcome of Court/
arbitration/out of court settlement, disposal of appeals,
ETGVJ7LVS'LLFLYIYIKLGL>MBGPOLYSOLG3PLTBEILSLTMBD and the amount being called up, terms of contractual
JLG7;LTB^LKLEIYIS'LLN#LIYIFLYLTBJK¹FLWLLGKSH4B" obligations, devolvement and raising of demand by
TMTFLFZLTBFTBELTC;ÈGSJXGS;È3LGLSVHIBH4" concerned parties, respectively. No reimbursement is
expected in such cases.
D4E
B ET XVLC7T. GEBY.F FTB GVBLE ÈX.GBT MZ GPGVLFE
4.15 The Parent Bank has issued a Letter of Comfort to
ÈLGÉLEKL JIWLK
ELTXETG-'LSWJVIWVRLBYIJBULDV4LVZD4E
B Prudential Regulation Authority (PRA), the regulator in
CB7KVTLVZ
GZGF7T.ET MBD B FTB EQREL4SIWLPLMVJLULKI United Kingdom, committing that the bank shall provide
GELH4GUMFTB CMDLSELWLPLMVGOLYLH4GEGOJBULD financial support to its subsidiary, Punjab National Bank
V4LVZD4EB CB7KVTLVZ
GZGF7T.>XET WJVIGPºLIÈGSDSL B (International) Ltd., UK so that it meets its financial
JXKIVEKJLLSLTD4EB NMTGPºLIMHLSLÈOLVEKTYL" commitments as and when they fall due.
XVLC7T.GEBY.FFTB GVBLEÈX.GBT MZGPVLFEÈLGEKL JIWLK

The Prudential Regulatory Authority (PRA), regulator of
VTWJVTJLGOVLBEET^LKLD4E B ELTPLQMXQIFTB KvL UK, has vide its letter dated 02.09.2015 put the Bank
YLH4"HLJKELTC; GPGL7ÈGSD6LO.VHIBH4" under ‘watch list’. There are no specific restrictions or
penalties. PNB infused fresh capital of USD 100 million
ELTJI VDIVT6XVSF_GPGVLFEJXU B IWLPESLWLTB ELTJXL;EKVT
on 31st March 2017 to help it to meet the minimum
ETGZ GFGZVX M.IEIVC;JXU B IELMFLPTLGELH4" regulatory capital requirements.
W6G7*JGLLB 5. Other Notes
E EKLT. GVPZFX:ÀLM L7LEK
GJ/ZTPL;EKLT. a. Premises includes properties amounting to ` 2.75
JT
ZLYSEKLT.
GJ/ZTPL;EKLT.
crore (Net of Depreciation) (previous year ` 1.66 crore)
EKLT. EIKLGLJRVF;:X LBGES FLQ; SEÀLMELLR
EI {Cost ` 7.47 crore} (previous year ` 7.47 crore) having
KLGLEIM&JGºLMFTSJGKMKLTB ET GZ 7LC7Z.I._MELJBUIEKL revalued amount of ` 104.68 crore (Net of Depreciation
upto March 17), are awaiting registration of title deeds.
GE ULVT EIÈSI\LLH4"JGKMKLTB FTB EKLT. GJ/ZT PL; Premises include capital work in progress of ` 340.32
EKLT.
ELJXU IYSÈYGSEL;MG&FGZSH4" crore (previous year ` 238.85 crore).
v GPºLPL; ET OL4KLVD4EB VT MFMFJKMBLLTGSMTDI b. During the Financial Year 2016-17 the bank has allotted
GPGVFETWÉLVII MTDIWLC;MI.IWLKGPGVF
ET 164370768 equity shares of ` 2/- each to Government of
India at a premium of ` 126.49 per share as determined
WVRMLKGVOTLEFB.Z^LKLGE Y GVL;LTB ET WVRJWGÉLFL6 by the Board in terms of the Chapter VII of the SEBI
WLLKJK! EL È3TE CG%P7I LTK È3TE LTK (ICDR) Regulations, 2009, as amended from time to time
ETÈIGFFJK)LLKSMKELKELTCG%P7ILTKWLDBG7S on preferential basis. The total amount received by the
GE " TMLGE ULVTMTD4E B ELTERZJXUB IKLGLEKLT. ÈL*S bank on this account is ` 2112 crores which includes
HRC; GUMFTB CG%P7IJXU
B IETJEKLT. WL4KÈIGFFJ ` 32.87 crores as equity capital and ` 2079.13 crores
as premium. Consequently the Government holding
FTB EKLT. LLGFZH4"JGKLLF-PJJMKELKEILTKLGKSL has increased to 65.01 % as against 62.08% before
WGFL6SLWLDB7VJXP; EISRZVLFTB WDH4" preferential allotment.
UHLEHIBWLPEMFLYLH4YSPL;CMIWPGETWVRJ 6. Figures of the corresponding previous year have been

regrouped/ rearranged/reclassified wherever considered
WLE.LTB ELJRVMFXHV!JRV0P-'LL!JRVPYI;EKLEKGZL necessary.
YLH4"
233
FLQ;ELTMFL*SPL;ETSRZVJLETML'LMBZ9VMFTGESVEOIJ[PLHGPPKLJL
CONSOLIDATED CASH FLOW STATEMENT ANNEXED TO THE BALANCE SHEET FOR
THE YEAR ENDED 31st MARCH 2017
WLBE.T` EKLT.FTB
(Figures ` in Crore)

2016-17 2015-16
GPPKL
Particulars
W *LGKQLZVEL¶L;EZL*LLTBMTVEOIÈPLH
A. Cash Flow from Operating Activities
(i) EKET*L1LL3L_LRZL)L 901.13 (3,663.27)

Net Profit after Tax
ULTG. MHLTGYLTBFTBLTKLTBELWU;V 338.09 153.19
Add: Share of earning in Associates
W:JLBL$LUMTJXP;LRZL)L 1,239.22 (3,510.08)
Net Profit before Minority Interest
ULTG. EKETGZ ÈLPÉLLV WL-'LGY3LEKELLR
638.96 (1,603.56)
Add : Provision for Tax (net of deferred tax)
EKMT*LXP;ZL)L (i)
1,878.18 (5,113.64)
Profit before tax
(ii) GV&VGZG<L3LETGZ M&LL¶LLTUV
Adjustment for :
WQZWLG-3L¶LLTB*LK&LX:¶LÀLM 488.93 433.78
Depreciation on Fixed Assets
L7LC *LRV&LX;:¶LLBEVÈLKG\L3LGVGÉLMTWLHGK3LKLGL (58.49) (20.63)
Less : Amount drawn from Revaluation Reserve
WVU;EWLG-3L¶LLTBETGZ ÈLPÉLLV 13,601.85 18,780.73
Provisions for non performing assets
&LLVEWLG-3L¶LLTB*LKÈLPÉLLV (1213.67) (1,283.59)
Provision on Standard Assets
GVPTLLTB LR
*LKÈLPÉLLV 485.01 345.49
Provision on Investments (net)
W6¶LÈLPÉLLV LR
566.51 594.19
Other Provisions (net)
WVRLBYI!W6¶LMTZL)LLBL GVPTLEL¶L;EZL*L
(95.90) (22.95)
Dividend from Subsidiary / Others (Investing Activity)
$LL8.LTBMT$¶LLU GPºLI¶LEL¶L;EZL*L
1,623.51 1,646.81
Interest on Bonds (Financing Activity)
WQZWLG-3L¶LLTBEIG$L¹IMTZL)L!HLGV LR
(5.45) (2.38)
Profit / Loss on sale of Fixed Assets ( net )
(ii) 15,392.31 20,471.45
234
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WLBE.T` EKLT.FTB

2016-17 2015-16
*LGKQLZVWLG-3L¶LLTB POT¶L3LLWLTB &LTB *LGKP3L;VLTB MT*LXP; *LGKQLZVZL)L (i+ii) 17,270.49 15,357.81
Operating Profit before Changes in Operating Assets and Liabilities
(iii) *LGKQLZVWLG-3L¶LLTBPOT¶L3LLWLTB&LTBLR*LGKP3L;VETGZ M&LL¶LLTUV
Adjustment for net change in Operating Assets and Liabilities
GVPTLLTB&LTBE&LI! PAG
(27,444.56) (8,094.93)
Decrease / (Increase) in Investments
WGY[&LLTB&LTBE&LI! PAG
7,438.46 (60,249.70)
Decrease / (Increase) in Advances
W6¶LWLG-3L¶LLTB&LTBE&LI! PAG
(1,761.06) (3,466.64)
Decrease / (Increase) in Other Assets
U&LLKLGL¶LLTB&LTBPAG! E&LI
59,268.22 55,137.21
Increase / (Decrease) in Deposits
NÉLLKLTB&LTBPAG! E&LI
(29,202.94) 16,051.23
Increase / (Decrease) in Borrowings
W6¶LOT¶L3LLWLTBPÈLPÉLLVLTB&LTBPAG! E&LI
(2,213.24) 1,003.53
Increase / (Decrease) in Other Liabilities & Provisions
(iii) 6,084.88 380.70
*LGKQLZVLTBMTN3*L£VEOI (i+ii+iii)
Cash generated from Operations 23,355.37 15738.51
ÈOºLEK PL*LMIELLR
(1,417.34) (1,571.51)
Tax Paid (net of refund )
*LGKQLZVEL¶L;EZL*LLTBMTLRVEOI W
21,938.03 14,167.00
Net Cash used in Operating Activities (A)
WL GVPTLEL¶L;EZL*LLTBMTVEOIÈPLH! J[R%S
B. Cash flow from/(used in) Investing Activities

WQZWLG-3L¶LLTBEI<LKIO G$L¹IELLR
(496.02) (605.89)
Purchase of Fixed Assets (net of Sales)
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTBMTÈL*3LZL)LLBL 95.90 22.95
Dividend recd from Subsidiaries / JV / RRBs
WVRLBGY¶LLTB!MB¶LR%SN]&LLTB!\LTY[L$L4BELTB&LTBGVPTL! WGVPTL
558.87 (768.57)
Investment/(Disinvestment) in Subsidaries / JV / RRBs
W6GVPTL - -
Other Investments
GVPTLEL¶L;EZL*LLTB&LTBÈ¶LR%SLRVEOI WL
158.75 (1,351.51)
Net Cash used in investing Activities (B)
C GPºLI¶LVEL¶L;EZL*LLTBMTVEOIÈPLH J[R%S
C. Cash flow from (used in) Financing Activities

LT¶LK*LXUIULKIEKVL ÈIG&L¶L&LMGH3L
1,066.14 2,008.89
Issue of Share Capital (incl. Premium)
ULKI!$LL8.LTBEL FLTQV
7I¶LK"P7I¶LK""
(9,134.79) 6,417.75
Issue/(Redemption) of Bonds (Tier I & Tier II)
$LL8.LTB*LKÈOºL$¶LLU 7I¶LK"P7I¶LK""
(1,623.51) (1,646.81)
Interest paid on Bonds (Tier I & Tier II)
ZL)LLBLEL)LRY3LLV ZL)LLBL*LKEKMGH3L
(74.91) (805.16)
Payments of Dividends ( incl.tax on Dividend)
235
WLBE.T` EKLT.FTB

2016-17 2015-16
GPºLI¶LVEL¶L;EZL*LLTBMTLRVEOI C
(9,767.07) 5,974.67
Net Cash from Financing Activities (C)
C; VEOI3L'LLVEOI3LR:¶LLTB&LTBLR*LGKP3L;V WWLC
12,329.71 18,790.16
D Net Change in Cash and Cash Equivalents (A+B+C)
PL;ETWLK&)L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the beginning of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 26,492.19 24435.78
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 52,557.19 79,049.38 33823.44 58,259.22
PL;ETWB3L&LTBVEOI3L'LLVEOI3LR:¶L
Cash and Cash Equivalents at the end of the year
VEOIWL4K)LLK3LI¶LGKuLP;$L4BEET*LLMLTL 25,410.36 26,492.19
$L4BELTBET*LLMLTLWL4K&LLYPW:*LMXQVL*LKÈL*¶LÉLV 65,968.73 91,379.09 50,557.19 77,049.38
12,329.71 18,790.16
G7**LGL¶LL
1 ÈOºLÈ3¶L\LEKLTB PL*LMIELLR
ELT*LGKQLZVEL¶L;EZL*LLTBMTNjz3L&LLVLY¶LLH43L'LLC6HTBGVPTL3L'LLGPºLI¶LVEL¶L;EZL*LLTBET&LÉ¶LGP)L%SVHIBGE¶LL
Y¶LLH4"
2 L7L&LTBGO Y M)LIWLBE.T?VEOI$LLÂJ[PLHOLL;3LTH4B"
Notes :-
1 Direct taxes paid (net of refund) are treated as arising from operating activities and are not bifurcated between investing
and financing activities.
2 All figures in minus represents “Cash Out Flow”
MBUIPLKL .L8KL&L MMBYL*LXKT ETPIKLD[ÄLUIKLP
È$LBÉLGVOTLE PB&LR<¶LEL¶L;JLZEWGÉLELKI WÉ\L
236
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
WGVZERFLK<LLQI .L8KGD VGF+L FHTLDLDXYR*SL

ANIL KUMAR KHACHI DR. RABI N. MISHRA MAHESH BABOO GUPTA
GVOTLE GVOTLE
DIRECTOR DIRECTOR
EAST/LUT. B.OLTLI EASTWLKOTPT6ÇER&LLK B. MLTGM 7_M ²3LTHTFMBOIJ B.E&JVI
For Chhajed & Doshi For R Devendra Kumar & Ass. For Hem Sandeep & Co
MVOIZT<LLELK *L2WLK V.$:X MVOIZT<LLELK *L2WLK V.$:¶LX MVOIZT<LLELK *L2WLK V V
MROTLJRVHLVIML·LTOLK
VIKUYLTZLMML·LTOLK
FVILYR*SLMLTOLK
(Sudesh Punhani - Partner) (Neeraj Golas - Partner) (Manish Gupta - Partner)

M No. 017222 M No. 074392 M No. 092257
²3LTMXKI B.E&*LVI ²3LT MJI FUI B.E&JVI

WLKFHTLMLTOLK
MSILQ6OKMLTOLK
(R Mahesh - Partner) (Satish Chander - Partner)

MO-¶LMB MO-¶LMB
M No. 024775 M No. 087562
GOVLBE!!
Date : 16/05/2016
-'LLVVC;GO:ZI
Place : New Delhi
237
JBULDV4LVZD4BEMFXHET INDEPENDENT AUDITORS’ REPORT
MFTGESGP3SIGPPKL ON CONSOLIDATED FINANCIAL
JLLTBJK STATEMENTS OF PUNJAB NATIONAL
-PSBLZTvLJKI\LELTBEIGKJLT7; BANK GROUP
MTPLFTB To
JBULDV4LVZD4BEETMO- The Members of Punjab National Bank,
HFVT JBULDV4LVZD4BE>NMET WVRLBGYLTB>MHLELTB WL4KMBR%S 1. We have audited the attached Consolidated Balance Sheet
of Punjab National Bank, its subsidiaries, associates
N]FLTB JI VDIMFXH
ETFLQ;>ETMBZ9VSRZVJLWL4K and Joint Venture (collectively known as PNB Group) as
NºL2GSG'LELTMFL*SPL;ETMFTGESZL)LHLGVvLSTS'LLVEOI at 31st March 2017, the Consolidated Profit and Loss
ÈPLH EI ZTvLJKI\LL EI H4 S'LL FH3PJXL; ZTvLBEV VIGSLTB EL Account and the Consolidated Cash Flow Statement for
MB\LTJWL4KW60L<L3FEMXQVLCMET ML'LMBZ9VH4>GUMFTB the year ended on that date and a summary of significant
accounting policies and other explanatory information
GV&VGZGvSLLGFZH4B annexed thereto, in which the following are incorporated:
i
HFLKIZTvLJKI\LLGKJLT7;GOVLBEFC;>^LKLHFLKT^LKL i) Audited accounts of Punjab National Bank (The
ZTvL JKIG\LS JBULD V4LVZ D4BE D4BE
ET ZTvL JKIG\LS Bank), audited by us, vide our audit report dated May
ZTvT> 16, 2017,
ii
W6ZTvLJKI\LELTB^LKLWVRLBGYLTBWL4KMHLEETZTvL ii) Audited accounts of 4 Subsidiaries and 6 associate,
JKIG\LSZTvT> audited by other auditors and
iii
WVRLBYI> MHLTGYLTB WL4K MBR%S N]F ET Y4KZTvL iii) Unaudited accounts of 1 Subsidiaries, 4 Associates
and 1 Joint Venture.
JKIG\LSZTvT"
2. We did not audit the financial statements of subsidiaries
HFVT CV WVRLBGYLTB VLFS i) JI VDI GY:7_M GZGF7T. ii) viz. (i) PNB Gilts Limited (ii) PNB Principal Insurance
JI VDIGÈBGMJZCBLTKTBMD[LTGEBYÈLGZ> iii)JBULDV4LVZD4BE Broking Pvt Ltd. (iii) Punjab National Bank (International)
CB7KV4LVZ
GZGF7T.>iv)JI VDIC6PT-7FTB7MGP;MTUGZ>v).E Limited (iv) PNB Investment Services Limited & (v)
JI VDID4BEGZGF7T.ETGPºLIGPPKLLTBEIZTvLJKI\LLVHIBEI Druk PNB Bank Ltd. whose financial statements reflect
GUVETGPºLIGPPKLLTBFTBFLQ;>ELTMFL*SPL;ETGZ total assets of Rs.15348.17 Crores as at 31st March
2017 and total revenues of (Rs.555.94) Crores for
JT EKLT. EI ERZ WLG-SL S'LL JT
the year then ended. These financial statements and
EKLT.ELERZKLU-POLL;LYLH4"CVGPºLIGPPKLLTBS'LLW6 other financial information have been audited by their
MXQVLWLTB EINVET M&DG6SZTvLJKI\LELTB ^LKLZTvLJKI\LLEI respective auditors whose reports have been furnished
YIWL4KS3MBDBIGKJLT7LTFTBÈ-SRSEIYIBWL4KHFLKLFSNVZTvL to us and our opinion is based solely on the reports of
JKI\LELTBEIGKJLT7LTJKHIWLLGKSH4" the said auditors.
E\LTLIY[LFILD4BE>MHLTGYLTBWL4K EMBR%SN]FET 3. a. The Financial Statements of 1 Regional Rural Banks,

GPºLIGPPKLLTBGUVEIZTvLJKI\LL EZTvLJKIG\LSMHLTYI 4 Associates and 1 Joint Venture which have not been
audited contribute Rs.47.84 Crore to PNB group for
ETML'LVHIBGELYLH4>ELELTMFL*SPL;ET the year ended 31.03.2017.
GZ JI VDIMFXHFTBLTYOLVEKLT.H4"
b. Our opinion is based on the Un-audited financial
vHFLKLFSWVRMXQIFTBZTvLTBJKG7*JGLLTBJKG7*JLIMB<L statements of one Regional Rural Bank, 4 Associates
EIJLOG7*JLI
FTBNG:ZGvSM)LI\LTLIY[LFIL and 1 Joint Venture stated in Footnote (2.2) to note
D4BE>MHLTGYLTBWL4KMBR%SN]FETML'LML'LJI VDI No.2 to Notes to Accounts in Schedule 18 as well as
MFXHETZTvLJKIG\LSMHLTYIETY4KZTvLJKIG\LSGPºLI six audited associate of PNB group.
GPPKLLTBJKWLLGKSH4" c. In the absence of full information regarding impact
of difference in accounting policies followed by
Y ÈFRv D4BE> WVRLBGYLTB WL4K MHLTYI MB-'LLWLTB \LTLI Y[LFIL the parent, subsidiaries and associates (including
D4BELTB MGHS
^LKLWJVLC; YC; ZTvLBEVVIGSLTB FTB G)L6VSLET RRBs), no adjustments, have been carried out.
È)LLPMT M&DG6SJXL; ULVELKIET W)LLPFTB ELTC; MFLLV Regional Rural Banks (associates) have not followed
VHIBGELYLH4"\LTLIY[LFILD4BELTB MHLTYIMB-'LLWLTB
VT Accounting Standard -15 (Revised), issued by the
ER/EF;QLKIZL)LLTB ET GZ )LLKSIMVOIZTvLELKMB-'LLV Institute of Chartered Accountants of India, for certain
employees’ benefits but have accounted for the
^LKLULKIZTvLFLVE MBLLTGS
VHIBWJVLLH4>GEBSR
same on adhoc/pay as you go basis. In like manner,
N6HTB SO'L;!JT UXYLT WLLKJKGHMLDFTB GZLH4"CMI unrealized profits/ losses resulting from transactions
ÈELKFXZD4BES'LLNMEIWVRLBGYLTBWL4KMHLTGYLTBETDIQ between the parent and its subsidiaries and the
238
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VPMXZHR ZL)L!HLGVLTB ET JGKLLF-PJGOFXZD4BEET associates, if any, to the extent of the parent’s interest
WVRLBGYLTB WL4KMHLTGYLTB FTB GHSJKELTC; È)LLPJ.SLHLT SLT in the subsidiaries and associates have not been
eliminated. Thus, the effect on profit for the year and
NMT MFL*S VHIB GEL YL H4" CMEL ZL)L S'LL KLU-P JK
other consequential effects could not be ascertained.
È)LLP,LSVHIBHLTJLLH4"
4 Subject to our observations in paragraph 2 to 3 above,
N J;RºL2J4KLMT FTB GO Y HFLKT FSET WIVHFMXGQS we report that the Consolidated Financial Statements
EKSTH4BGEJI VDIMFXHÈD6V^LKLMFTGESGPºLIGPPKLJL have been prepared by the management of PNB Group
)LLKSIMVOIZTvLELKMB-'LLV^LKLULKI MFTGESGPPKLJLLTB in accordance with the requirements of Accounting
Standard - 21 (Consolidated Financial Statements) and
M&D6I
ZTvLBEVFLVEFTBWJT\LLWLTBETWVRJS'LLZTvL Accounting Standard – 23 (Accounting for Investments in
FLVE MFTGESGPPKLJLLTB FTB MHLTYIE&JGVLTB FTB GVPTL Associates in Consolidated Financial Statements) issued
ETZTvLBEV
WL4K)LLKSIGKUP;D4BEEIWJT\LLWLTBETWVRMLKS4LK by the Institute of Chartered Accountants of India and the
GE Y H4B" requirements of the Reserve Bank of India.
Management's Responsibility for the Financial Statements:
GP3SIGPPKLLTBETGZ ÈDBVELOLG3P
5. These Consolidated Financial Statements are the
T MFTGESGP3SIGPPKLD4BEET ÈDBVELOLG3PH4 WL4K responsibility of the Bank's management and have been
C6HTB ÈDBV^LKLD4BEELKIGPGVFVWGGVF>EIÉLLKL prepared by the management on the basis of separate
ET ÈLPLVLTB ET WVRMLKWZYWZYGP3SIGPPKLLTB WL4K financial statements and other financial information
L7ELTBETMBDBFTBW6GP3SIMXQVLETWLLKJKS'LLMXQVL regarding components, in accordance with the provisions
of Section 29 of the Banking Regulation Act, 1949 and to
JKD4BEELKIGPGVFWGGVF>EISASIWVRMXQIET discuss the information as may be necessary to conform
J2LF; ?E P ?v ET WVRJ WLPE GPQLKGPFL; EKET to Form 'A & B' respectively of the Third Schedule to the
S4LKGELYLH4"T GP3SIGPPKL)LLKSIMVOIZTvLELK Banking Regulation Act, 1949. These financial statements
MB-'LLV^LKLULKIZLYXZTvLBEVFLVELTBEIWVRJLZVLEKSTH4B" comply with the applicable Accounting Standards issued
by the Institute of Chartered Accountants of India. This
CMOLG3PFTBGP3SIGPPKLULTFH3PJXL;YZSGPPKL>QLHT responsibility includes the design, implementation,
LTvL.IW'LPLQXEETELKLHLT>MTFR%SH4B>S4LKEKVTMT and maintenance of internal control relevant to the
MBDBGSWLBSGKEGVBLLETKvKvLP>G.ULCVWL4KZLYXEKVL preparation of the financial statements that are free from
LLGFZH4" material misstatement, whether due to fraud or error.
ZTvLJKI\LELTBELOLG3P Auditor's Responsibility:
HFLKL OLG3P CV GPPKL JLLTB JK HFLKT ^LKL EI YC; ZTvL JKI\LL 6. Our responsibility is to express an opinion on these
ET WLLKJKFSÈE7EKVT SEH4"HFVT CB-7I7_7X WL8J2QL7;. financial statements based on our audit. We conducted
our audit in accordance with the Standards on Auditing
ELNB76T 7_MWL8J2CBG.L^LKLULKIZTvLJKI\LLJKULKIFLVELTB ET
issued by The Institute of Chartered Accountants of
WVRMLKZTvLJKI\LLEIH4"T FLVEWJT\LLEKST H4B GEHFV4GSE
India. Those standards require that we comply with
WLPESLWLTB ELWVRJLZVEKTB WL4KHFZTvLJKI\LLEIWLLTUVL ethical requirements and plan and perform the audit to
S'LLNMELGVJLOVCMÈELKEKTB GEHFTB GP3SIGPPKLJLLTB ETMBD B obtain reasonable assurance about whether the financial
FTB TMLMFRGQSWLPLMVGFZUL GENVFTB ELTC; LRG7VHIBH4" statements are free from material misstatement.
EZTvLJKI\LLFTBEL;GVJLOVÈG¹LTBMBZ9VH4BGUVMTGP3SI 7. An audit involves performing procedures to obtain audit
GPPKLJLLTBFTBNG:ZGvSKLGLLTBWL4KÈE7IEKLETDLKTFTBML\ evidence about the amount and disclosures in the financial
ÈL*SGET ULVT H4B"QGVSMBLGPGEZTvLJKI\LEET J24MZT JK statements. The procedures selected depend upon the
WLLGKSHLTSIH4 GUVFTB GP3SIGPPKLJLLTB ET YZSE'LV>QLHT auditor's judgment including the assessment of the risks
of material misstatement of the financial misstatements
PTLTvL.IETELKLH4LLRG7ETULTGvFLTBELGVL;KLMG&FGZS whether due to fraud or error. In making those risk
H4" NV ULTGvF GVL;KLLTB ELT DVLVT ET GZ NJR%S JGKG-'LGSLTB assessments, the auditors consider internal control
ET WVRMLKZTvLJKI\LLMBGPGLTB ELG.ULCVEKVT ET GZ ZTvL relevant to the Bank's preparation and fair presentation of
JKI\LEGP3SIGPPKLJLLTB ELNGQSÈ-SRSIEKLS'LLD4BEEI the financial statements in order to design audit procedures
S4LKIMTMBDWL6SGKEGVBLLJKGPQLKEKSLH4"ZTvLJKI\LL that are appropriate in the circumstances. An audit also
FTBÈR%SZTvLVIGSLTBEINJR%SSLELFX:LBEVÈDBV^LKLGET includes evaluating the appropriateness of accounting
policies used and the reasonableness of the accounting
YT ZTvLWVRFLVLTB EISLGE;ESL>ML'LHIGP3SIGPPKLJLLTB EL estimates made by management, as well as evaluating
MEZÈ-SRSIEKLELFX:LBEV)LIMG&FGZSH4" the overall presentation of the financial statements.
H FTBGPPLMH4GEZTvLJKI\LLML\>ULTHFTBÈL*SHR H4B>HFLKT 8. We believe that the audit evidence we have obtained is
WG)LFS ELT WLLK ÈOLV EKVT ET GZ JL;*S WL4K NJR%S sufficient and appropriate to provide a basis for our audit
H4" opinion.
239
WG)LFS Opinion:
HFLKT^LKLEIYC;ZTvLJKI\LLWL4KW6ZTvLJKI\LELTBEIWZY 9. Based on our audit and on consideration of reports of

other auditors on separate financial statements and other
WZY GP3SI GPPKLLTB JK GKJLT7LT WL4K ¦JK J4KL FTB OI YC; financial information of the Subsidiaries, and Associates
WVRLBGYLTBWL4KMHLTGYLTBEIW6GP3SIMXQVLELTOTvSTHR WL4K as referred in Para 2 above, and to the best of our
HFLKIMPL;T3SFULVELKIWL4KHFTB GOT YT -J7IEKLET WVRMLK information and according to the explanations given to
HFLKIKLFTB us, we are of the opinion that:
a) The Consolidated Balance Sheet, read with the notes
EMFTGESSRZVJLWL4KNMETML'LJG#SG7*JGLLB EJXL;S'LL thereon is a full and fair Balance Sheet containing all
NGQSSRZVJLH4GUMFTBM)LIWLPEGPPKLGOTYTH4BWL4K the necessary particulars, is properly drawn up so as
H)LLKSFTBMLFL6S-PI²SZTvLEBVGML6SLTBETWVRJCM to exhibit a true and fair view of state of affairs of the
SKHMTS4LKGELYLH4GECMFTBD4BEELLTEIFLQ;> PNB Group as at 31st March, 2017 in conformity with
accounting principles generally accepted in India;
EIMHIWL4KNGQSG-'LGSÈOGL;SHLTSIH4@
b) The Consolidated Profit and Loss Account, read with
vJI VDIMFXHELMFTGESZL)LPHLGVvLSLS'LLNMETML'L the notes thereon shows a true balance of Profit in the
JG#SG7*JGLLB>)LLKSFTBMLFL6SL-PI²SZTvLEBVGML6SLTB PNB Group, in conformity with accounting principles
ET WVRJPL; ET WBSFTB NMGSG'LELT ZL)LELMHILTL generally accepted in India, for the year ended on
that date; and
OLL;SLH4@WL4K
c) The Consolidated Cash Flow Statement gives a true
Y MFTGESVEOIÈPLHGPPKLJLNMGSG'LELTMFL*SPL;HTSR and fair view of the cash flows of the PNB Group for
JI VDIMFXHMHIWL4KNGQSVEOÈPLHOLL;SLH4" the year ended on that date.
FH3PJXL;FLFZL Emphasis of Matter
W JVTFSETML'LELTC; LS;ZYL GDVL>HFOI LL;PGZL)LLTB EILTUVL 10 Without qualifying our opinion, we draw attention to Note
WLG-SLTB ETFX:LBEVETM&D6FTB G7*JLIMB<LMIEIWLTKÉLV no. 4.5C regarding valuation of Plan Assets of long-term
WLEGL;SEKVLQLHSTH4>B GUMETJGKLLF-PJJTB LVPNJOLVJ2B.FTB benefits , resulting in excess of fair value of plan assets
GVLTUEELWBLOLVPL;ETOL4KLVPS;FLVFX:ETNJKLTUVLWLG-SLTB over present value of obligation amounting to Rs.2026.60
ETNGQSFX:ETWLG%ELTOLL;SLH4>EKLT.EIKLGL crores credited to “Payments to and Provisions for
Employees- Employee Cost ” with consequential impact
ELTPL;ETGZ JGKLLFLTB JKJKPSI;È)LLPETML'LEF;QLKIZLYS
on results for the year.
EF;QLGKLTB ETGZ )LRYSLVPÈLPLVUFLEKGOLYLH4"
Report on Other Legal and Regulatory Requirements:
W6GPG PBGPGVLFEWJT\LLWLTBJKGKJLT7;
11. The Balance Sheet and the Profit and Loss Account have
SZ
R VJLWL4KZL)LPHLGVvLSLD4E
B ELKIGPGVFVWGGVF> been drawn up in Form 'A' and 'B' respectively of the
EISIMKIWVRMQ X IET¹FLJ2LF;? WL4K?DIMTGZTYTH4"B Third Schedule to the Banking Regulation Act, 1949.
HFLKT FSFTB>JI VDIMFXHMFTGESSRZVJL>ZL)LPHLGVZTvL 12. In our opinion, the Consolidated Balance Sheet, Profit and
Loss Account and the Cash Flow Statement of the PNB
WL4KVEOIÈPLHGPPKLZLYXZTvLEBVFLVELTBETWVRMLKH4B" Group comply with the applicable Accounting Standards.
²ST/LUT. B.OLTLI ²ST WLK OTPT6Ç ERFLK B.²STHTFMBOIJ B.E&JVI For Chhajed & Doshi For R. Devendra Kumar & For Hem Sandeep
MVOIZTvLELK MLTGM 7_M MVOIZTvLELK Chartered Accountants Associates & Co.
J2WLK V.$:X MVOIZTvLELK J2WLK V V Firm Regn.No. 101794w Chartered Accountants Chartered Accountants
J2WLK V.$:X Firm Regn.No. 114207w Firm Regn.No.009907n
MROTLJRVHLVI VIKUYLTZLM FVILYR*SL Sudesh Punhani Neeraj Golas Manish Gupta

MLTOLK MLTOLK MLTOLK Partner Partner Partner
M.No.017222 M.No.074392 M.No.092257
MO-MB MO-MB MO-MB
²STMXKI B.E&JVI ²ST MJI FUI B.E&JVI For Suri & Co. For SPMG & Co.
MVOIZTvLELK MVOIZTvLELK Firm Regn.No.004283S Firm Regn.No.509249c
J2WLK V M J2WLK VMI
WLKFHTL MSILQ6OK R. Mahesh Satish Chander

MLTOLK MLTOLK Partner Partner
M.No.024775 M.No.087562
MO-MB MO-MB
-'LLVVC;GO:ZI Place: New Delhi

GOVLBE Date: May 16, 2017
240
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ANNUAL REPORT
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241
Annexure - 1
PUNJAB NATIONAL BANK
Head Office: 7, Bhikhaiji Cama Place, New Delhi 110607
DECLARATION
(By the Candidate)
(Refer Regulation 65 of the PNB Regulations)
I, ___________________________ son/daughter/wife of Shri._______________________________, a resident of __________
_____________________________________ hereby confirm that:
a) I am a shareholder holding __________ equity shares of Bank, as on Friday, the 19.05.2017, i.e. the Cut-off Date1 for
nominating and contesting in the elections; and
b) I have special knowledge or practical experience* in (i) Agriculture and Rural Economy, (ii) Banking, (iii) Co-operation,
(iv) Economics, (v) Finance, (vi) Law, (vii) Small Scale Industry or ____________________________________ (special
knowledge of an practical experience of which in the opinion of Reserve Bank of India would be useful to the Bank) and
I represent the interest of Depositors or Farmers, Workers and Artisans, in terms of sub section 3A of Section 9 of the
Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and as an evidence thereof I submit herewith the
relevant testimonials; and
c) I accept the nominations numbered from _________ to _________, and
d) I am willing to stand for the election as Director of Punjab National Bank, and
e) I am not disqualified from being a Director of the Bank under the provisions of the Banking Regulation Act, 1949, The
Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Nationalised Banks (Management and
Miscellaneous Provisions) Scheme, 1970 and the Punjab National Bank (Shares and Meetings) Regulations, 2000, RBI
Notification – DBOD No. BC. No.46 & 47/29-39.001/2007-08 dated 1.11.2007 and DBOD NO. BC.No.95/29.39.001/2010-11
dated 23.5.2011, Department of Financial Services, Ministry of Finance, Government of India letter no. F. No. 16/83/2013 –
BOI dated 03.09.2013 and extant guidelines for selection of part time Non-Official Director vide letter No. 16/17/2010-BOI
dated 13.10.2011 as on 01.06.2011 and subsequent amendments thereto and
f) I neither hold any office of profit nor I am an employee of any nationalised Bank or State Bank of India constituted under
sub-section (1) of Section 3 of the State Bank of India Act, 1955 or any subsidiary bank as defined in Section 3 of the State
Bank of India ( Subsidiary Banks) Act, 1959 and
g) I enclose my personal details which are to the best of my knowledge and belief is true and complete and
h) I undertake to keep the Bank informed, as soon as possible, of events, if any, which take place subsequent to this declaration
which are relevant to the information provided hereto and to execute the Deed of Covenants upon my election as a Director
of the Bank.
Signature
Name
Number of Shares
Regd. Folio/DPID-CLID
Place
Date
The above declaration was signed before me
Signature with Seal and_______________
Name of the attesting official____________
Note: The declaration must be signed by the Candidate before a Judge, Magistrate, Registrar or Sub-Registrar of Assurances, or
other Gazetted Officer or an Officer of Reserve Bank of India or Punjab National Bank or any other Nationalised Bank.
* Delete whichever is not applicable
242
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ANNUAL REPORT
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243
Annexure - 2
NOMINATION FORM Sl.No.

(by the Shareholder)
(Refer Regulation 65(d) of the PNB Regulations)
To
The Chairman / Managing Director & CEO,
PUNJAB NATIONAL BANK,
7, Bhikhaiji Cama Place,
New Delhi 110607
Dear Sir,
Nomination for Election of a Director
With reference to your Notice dated 16/05/2017, I ____________________________ a shareholder of Punjab National Bank, holding
__________ equity shares of Rs. 2/- each on 19.05.2017 do hereby nominate Shri/Smt ______________________________
son/daughter/wife of Shri __________________________________ residing at _____________________________________
____________________________ for being elected as a Director of Punjab National Bank representing the shareholders of the
Bank as provided in Section 9 (3) (i) of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, at the Annual
General Meeting of the shareholders to be held on 29.06.2017.
Signature
Name
Number of Shares
Regd. Folio/DPID-CLID
Place
Date
Notes :
1. In case nomination is made by a Body Corporate, the nomination form should be accompanied by a certified true copy of the
resolution passed by the Board of Directors under the signature of the Chairman of the meeting at which it was passed.
2. Signatures of the shareholders nominating the candidates should match with the specimen signatures available with Share
Transfer Agent of the Bank.
3. If any of the columns above is left blank or the particulars are found to be incorrect, the nomination is liable to be rejected.
244
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245
Annexure –3
PERSONAL INFORMATION
(With enclosures as appropriate as on ____,2017)
DECLARATION AND UNDERTAKING
I. Personal details of the candidate

A Name in Full (in block capital letters)
B Date of Birth
C Educational Qualifications
D Relevant Background and experience
E Permanent Address
F Present Address
G E-mail address/Telephone Number (Landline/Mobile)

H Permanent Account Number (under the Income Tax Act)
and Name and address of Income Tax Circle
I Relevant Knowledge & Experience
(Refer Section 9(3-A) of the Banking Companies
(Acquisition & Transfer of Undertakings) Act, 1970)
J Any other information relevant to Directorship of the
Bank.
II. Relevant Relationships of the candidate
A List of Relatives, if any, who are connected with the Bank
in any way (Refer Section 2 of the Companies Act, 2013)
B List of entities if any in which he/she is considered as
being interested (Refer Section 184 of the Companies
Act, 2013).
C List of entities in which he/she is considered as holding
substantial interest within the meaning of Section 5(ne) of
the Banking Regulation Act, 1949 proposed & existing.
D Name of Bank in which he/she is or has been a member
of the board (giving details of period during such office
was held)
E Fund and non-fund facilities, if any, presently being
enjoyed by him/her and/or by entities listed in II (B) and
(C) above from the Bank.
F Cases, if any, where the candidate or entities listed at II
(B) & (C) above are in default or have been in default in
the past in respect of credit facilities obtained from the
Bank or any other bank.
III. Records of Professional Achievements
A Professional achievements relevant
IV. Proceedings, if any, against the Candidate
A If the candidate is a member of a professional
association/body, details of disciplinary action, if any,
pending or commenced or resulting in conviction in the
past against him/her or whether he/she has been banned
from entry of at any profession/occupation at any time.
246
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
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MBYSHLT"
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247
B Details of prosecution, if any, pending or commenced or
resulting in conviction in the past against the director and/
or against any of the entities listed in II (B) & (C), above
for violation of economic laws and regulations.
C Details of criminal prosecution, if any, pending or
commenced or resulting in conviction in the past against
the candidate.
D Whether the candidate attracts any of the disqualifications
envisaged under Section 164 of the Companies Act,
2013.
E Has the candidate or any of the entities at II (B) & (C)
above been subject to any investigation at the instance of
Government department or agency?
F Has the candidate at any time been found guilty of
violation of rules/regulations/legislative requirements
by customs/ excise/income tax/foreign exchange/other
revenue authorities; if so give particulars.
G Whether the candidate/director had at any time come to the
adverse notice of a regulator such as SEBI, IRDA, DCA etc.
(Though it shall not be necessary for a candidate to
mention in the column about orders and findings made by
regulators which have been later on reversed / set aside in
toto, it would be necessary to make a mention of the same,
in case the reversal / setting aside is on technical reasons
like limitation or lack of jurisdiction, etc. and not on merit.
If the order of the regulator is temporarily stayed and the
appellate / court proceedings are pending, the same also
should be mentioned).
V Any other explanation / information in regard to items I to
III and other information considered relevant for judging
‘fit and proper’.
Undertaking
I confirm that the above information is to the best of my knowledge and belief true and complete. I undertake to keep the bank fully
informed, as soon as possible, of all events which take place subsequent to my appointment which are relevant to the information
provided above.
I also undertake to execute the deed of covenant required to be executed by all directors of the Bank.
Place :
Date : Signature of the Candidate
VI. Remarks of the Nomination Committee :
Place Signature Signature Signature Signature

Date Name of Member Name of Member Name of Member Name of Member
248
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
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249
Punjab National Bank
Head Office: 7, Bhikhaiji Cama Place, New Delhi – 110 607
FORM ‘B’
FORM OF PROXY
(To be filled in and signed by the shareholder)
Regd. Folio No. (If not Dematerialised)
DPID No.
Client ID No. (If Dematerialised)
No of shares.
I/We, _______________________________resident/s of _______________________ in the district of _______________________
in the state of _______________________ being a shareholder/s of Punjab National Bank, hereby appoint Shri/Smt.
________________________resident of ___________________________________in the district of ___________________
in the state of __________________________or failing him/her, Shri/Smt._______________________________ resident of
______________________ _______________________________in the district of___________________________ in the state
of ____________________________ as my/our proxy to vote for me/us and on my/our behalf at the Annual General Meeting
of the shareholders of the Bank to be held on 29.06.2017, at 10.00 a.m., at Punjab National Bank Auditorium, Central Staff
College, 8, Underhill Road, Civil Lines, Delhi – 110054 and at any adjournment thereof.
Signed this_______day of ____________2017.

Revenue
Signature of the Proxy _______________________ Stamp
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM

Signature of sole/first holder
1. No instrument of proxy shall be valid unless,
a. in case of an individual shareholder, it is signed by him/her or by his/her attorney duly authorised in writing,
b. in the case of joint holders, it is signed by the shareholder first named in the Register of Shareholders or by his/her
attorney duly authorised in writing,
c. in the case of a body corporate, it is signed by its officer and executed under its Common Seal, if any, or otherwise
signed by its attorney duly authorised in writing.
d. shall be in the Form B and duly stamped.
2. An instrument of proxy, in which the thumb impression of the shareholder is affixed, will be valid provided it is attested by
a Judge, Magistrate, Registrar or Sub-Registrar of Assurances or any other Government Gazetted Officer or an officer of
Punjab National Bank.
3. The proxy together with:
a. the power of attorney or other authority (if any) under which it is signed or
b. a copy of that power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited at the
Finance Division, Share Department, Punjab National Bank, Head Office : 5, Sansad Marg, New Delhi – 110 001 not
later than FOUR DAYS before the date of the Annual General Meeting, i.e. on or before closing hours i.e. 5.00 p.m.
of 24.06.2017.
4. In case the relevant power of attorney is already registered with Punjab National Bank or its Share Transfer Agent, the
registration number of the power of attorney and the date of such registration may be mentioned.
5. An instrument of proxy deposited with the Bank shall be irrevocable and final.
6. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be
executed.
7. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the meeting to which
such instrument relates.
8. The proxy so appointed shall not have any right to speak at the meeting but such proxy can attend & vote on behalf of the
grantor.
9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Punjab
National Bank.
250
2016-17
QMHM<FHLKMU8<
ANNUAL REPORT
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251
ANNUAL GENERAL MEETING, THURSDAY, 29TH JUNE 2017 AT 10.00 A.M.

AT PNB AUDITORIUM, CENTRAL STAFF COLLEGE, 8, UNDERHILL ROAD, CIVIL LINES, DELHI-54
ATTENDANCE SLIP
(To be surrendered at the time of registration of attendance)
NAME IN BLOCK LETTERS REGD.FOLIO/DPID & Number of Shares

(Member/Proxy/Authorised Representative) CLIENT ID No.
Signature of Shareholder/Proxy/Authorised Representative
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
ANNUAL GENERAL MEETING, THURSDAY, 29TH JUNE 2017 AT 10.00 A.M.
ENTRY PASS
(To be retained throughout the meeting
NAME IN BLOCK LETTERS REGD. FOLIO/DPID & Number of Shares

(Member/Proxy/Authorised Representative) CLIENT ID No.
Signature of Shareholder/Proxy/Authorised Representative
Shareholders/Proxy holders/Authorised Representatives are requested to produce Attendance-slip-cum-Entry pass duly signed,
for admission to the meeting hall. The Entry pass portion will be handed back to the shareholders/Proxy holders/Authorised
Representatives, who should retain it till the conclusion of the meeting. Under no circumstances, any duplicate Attendance slip-
cum-Entry pass will be issued.
252

Ximim Eig - Imm: Puniab Notional Bank

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ximim eig.

imm puniab notional bank

The said Annual Report is also displayed on Bank's website www.pnbindia.in.

This is in compliance of the SEBI (LODR) regulations 2015.

VLTG7M 2-16 Notice 2-16

LTKWBSKL UTB7 SHARE TRANSFER AGENT

GOVLBE ÈD6ÉLGVOTLE PBFR<EL;JLZEWGÉLELKI

Head Oﬃce : 7, Bhikhaiji Cama Place, New Delhi – 110 607

By order of the Board of Directors

Place: New Delhi (Sunil Mehta)

LTKÉLLKELTBELTGVOTLEETQRVLPELWGÉLELK RIGHTS OF SHAREHOLDERS TO ELECT DIRECTOR

ELVXVIÈLPÉLLV LEGAL PROVISIONS

WGÉLGVF!LT U VLWLT B ! GPGVFV! ÈLPÉLLV ACTS / SCHEME / PROVISIONS

KL7I²S D4BE ÈDBÉLV PB GPGPÉL vB.  

D4BEELKI E&JVI NJ¹FLTB EL WU;V PB WBSKL

● Clause 11 A deals with the situation where a director

● GPGVF MTGVOTLEETJOJKQRVTULVTHTSRÈ3LLIETJ ● PNB Regulations 61A to 70 prescribes certain conditions

i. ²GLWL4KY[LFILW'L;0P-'LL i. agriculture and rural economy,

ii. D4BGEBY II. banking,

GOGVOTLED4BE! J2WLC;ETGEMI)LI+TLIETSHSJHZTHILLGFZH4B> A Director already on the Board of a Bank/FI, under any

 ELT E7WL8J2 GSG'L

GOELTC; J[3LLIWJVLVLFLBEVPLGJMZTVLQLHSLH4 SLT PH TMLELT Withdrawal of Candidature

 LTKÉLLKELTBELKGU-7KD6OHLTVL 4. CLOSURE OF REGISTER OF SHAREHOLDERS

B ETLTKÉLLKELTB ELKGU-7KS'LLLTKWBSKLJR-SETB  LR¹PLK

FSOLVÈG¹L VOTING PROCESS

(iii)“Shareholders” 74DJKG%ZEEKTB" iii. Click on “Shareholders” tab.

(iv)WDWJVIXUKWLC;.IÈGP7EKTB iv. Now Enter your User ID

a. For CDSL: 16 digits beneﬁciary ID,

xiii.GOWLJMBJXL;MBE:J$L4KLOTvVLQLHSTH4BSLT“RESOLUTIONS xiii. Click on the “RESOLUTIONS FILE LINK” if you

IX. XBGEETPZ ELTKÉLLKEELQRVLPH4 CMGZ EMT WGÉLE

X. N JKLTºL2ETGPLLÉLIV>GPGVFVETWVRMLK>È3TELTKÉLLKE X. Subject to the above, as per Regulation 68,

JXBUIJL;*SSLWVRJLS DTMZ III

CAPITAL ADEQUACY RATIO (BASEL III)

ZL)LÈOSLFLVOB.LTBETWVRMLK>D4BEELJGKQLZVZL)LFLQ;ET In terms of Bottom-line parameters, the Bank’s Operating Proﬁt

HFLKLÈOL;V Our Performance

ERZELKLTDLK 965377 1041197 7.9 Total Business 965377 1041197 7.9

iii. vROKL WLG-S ÈG¹L MTZ WLK JIMI

.I WL4]LTGYEJRVY;#V D. Industrial Restructuring

¾ D4BEVT E.TGD7EL.;MTOXMKT.TGD7EL.;FTBGVGWBSKLEKVT ¾ Bank introduced Card to card fund transfer facility to

J2ÈDBVMXQVLÈLLZI F. Management Information System

WLKDIWLC;GOLLGVO;T LLTB ETWVRMLKD4E

GPºLIPL; ETOL4KLV>NJ)LLTºL2L+TLIETWBSY;S)LLPINLKESL;WLTBEI During FY’17, 1534885 Credit Information Reports (CIRs) of

Q WBSKL;7ID4BGEBY H. International Banking

MBY#VL3FEJRVY;#VGOVLBEMT EQLK-SKIMBKQVLEI Organizational Restructuring: A four tier structure was

EF;QLKIMRLPLTUVLEF;QLKIMRLPLTUVLET WBSY;SZY)LY Employee Suggestion Scheme: Around 460 suggestions

vROKLWLG-SÈG¹LMTZ WLK JIMI

Z ELKLTDLKGPGPIEKL L. Business Diversiﬁcation

¾ &RQRWZJ2B.GP3SIPL;ETOL4KLVD4BEVTEKLT. ¾ Mutual Fund: During FY’17, the Bank mobilized total

¾ DIFLELKLTDLK ¾ Insurance Business

¾ G.JL8GU7KIMTPL BGP3SIPL;ETOL4KLVD4BEVTG.JL8GU7KI ¾ Depository Services: The Bank earned an income of

Merchant Banking: During FY’17, the Bank handled

● JI VDIVTLVZCZT%7L8GVE7LTZMBY[HJI VDIJ2L-74Y ● PNB National Electronic Toll Collection: PNB

 PS;FLV ÈLV -'LLI MTPLGVPAGºL vLSL MB<L

 JTBLVGPSKLFTBO\LSLZLVTETGZ GV&VGZGvSMRGPLWLTBEILRWLS 5. To bring eﬃciency in pension disbursement, following

GVGQSWL M ZWLK! V M ZWLK

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HFLKLÈOL;V Our Performance

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X WL)LLK U. Acknowledgement

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GPºLIPL;ETOL4KLVS4LKEIYC;VC;LTUVL B New schemes formulated during FY’17

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.I WLN7ZRE d. Outlook

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MBPY; FLQ; FLQ; Cadre March’16 March’17

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MBPY; FLQ; FLQ; CADRE March’16 March’17

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