funs’kd eamy - current accounts · 4- funs'kd eamy dh fjiksvz / directors' report 16-43...

funs’kd eaMy / Board of Directors

dk;Zdkjh funs’kdJh eqds”k dqekj tSuExecutive Director

Sh. Mukesh Kumar Jain

dk;Zdkjh funs’kdJh vjfoUn dqekj tSu

Executive DirectorSh. Arvind Kumar Jain

Jh ,l-vkj- esgjSh. S.R. Mehar

Jh çnhIr- ds- tsukSh. Pradipta K. Jena

Jh lat; oekZSh. Sanjay Verma

v/;{k ,oa izca/k funs’kdJh tfrUnjchj flag] vkbZ-,-,l-

Chairman & Managing DirectorSh. Jatinderbir Singh, I.A.S.

Jhefr vuhrk d.kkZojSmt. Anita Karnavar

Jh ,e-,l- lkjaxSh. M.S. Sarang

Jh lq[ksu iky ccwrkSh. Sukhen Pal Babuta

Jh vruq lsuSh. Atanu Sen

Punjab & Sind Bank

Annual Report 2015-16 1

fo"k;&lwph / Contents

i`"B la[;k / Page No.

1- mYys[kuh; rF; / Highlights 2

2- funs”kd eaMy / Board of Directors 3

3- uksfVl / Notice 4-15

4- funs'kd eaMy dh fjiksVZ / Directors' Report 16-43

5- dkWiksZjsV izca/ku fjiksVZ / Corporate Governance Report 44-87

6- laf{kIr foRrh; foojf.k;ka / Abridged Financial Statements:

Lora= ys[kk ijh{kdksa dh fjiksVZ / Independent Auditors’ Report 88-91

rqyu&i= / Balance Sheet 92-95

ykHk&gkfu [kkrk / Profit & Loss Account 96-99

udnh izokg fooj.k&i= / Cash Flow Statement 100-105

7- izkWDlh izk#i / Proxy Form 106-107

8- mifLFkfr iphZ / Attendance Slip 108-109

iatkc ,.M fla/ cSad

okf"kZd fjiksVZ 2015-162

mYys[kuh; rF; / Highlights

#i, yk[kksa esa / Rupees. in lacs

fnukad 31-03-2016 dks / As on 31.03.20161- tek Deposits 91249962- ldy vfxze Gross Advances 65277223- izkFkfedrk {ks= vfxze Priority Sector Advances 24507974- ldy fuos'k Gross Investments 27693405- ifjpkyu ykHk Operating Profit 1269896- 'kq) ykHk Net Profit 335977- vkfLr;ksa ij izfrQy (%) Return on Assets (%) 0.34%8- “kq) ,u-ih-,- vuqikr (%) Net NPA Ratio (%) 4.62 % 9- iwaath i;kZIrrk vuqikr (%) (cklsy&II) Capital Adequacy Ratio (%) (Basel-II) 11.75%10- iwaath i;kZIrrk vuqikr (%) (cklsy&III) Capital Adequacy Ratio (%) (Basel-III) 10.91%

Punjab & Sind Bank


cksMZ funs'kd / Board of Directors

v/;{k ,oa izca/k funs'kdJh tfrUnjchj flag] vkbZ-,-,l-

Chairman & Managing DirectorSh. Jatinderbir Singh, I.A.S.

dk;Zdkjh funs'kd dk;Zdkjh funs'kd Jh eqds'k dqekj tSu Jh vjfoUn dqekj tSuExecutive Director Executive DirectorSh. Mukesh Kumar Jain Sh. Arvind Kumar Jain

funs'kd @ Directors

Jh ,l-vkj- esgj Jh çnhIr ds- tsuk Jh lat; oekZ Jhefr vuhrk d.kkZojSh. S.R. Mehar Sh. Pradipta K. Jena Sh. Sanjay Verma Smt. Anita Karnavar

Jh ,e-,l- lkjax Jh lq[ksu iky ccwrk Jh vruq lsuSh. M.S. Sarang Sh. Sukhen Pal Babuta Sh. Atanu Sen

egkizca/kd / General Managers

Jh vkbZ-,l- HkkfV;k Jh ,e-th- JhokLro Jh nhid eSuh Jh th-,l- <Yy Sh. I.S. Bhatia Sh. M.G. Srivastava Sh. Deepak Maini Sh. G.S. Dhall

Jh Mh-Mh- 'kekZ Jh ohjsUnz xqIrk Jh ,l-lh- Dok=k Jh th-,l- ukjax¼izfrfu;qfDr ij½

Sh. D.D. Sharma Sh. Varinder Gupta Sh. S.C. Kwatra Sh. G.S. Narang (On Deputation)

Jh gjfoUnj flag Jh vkj- ds- caly Jh jfeUnjthr flag Jh th-,l- <haxjkSh. Harvinder Singh Sh. R.K.Bansal Sh. Raminderjit Singh Sh. G.S. Dhingra

ys[kk ijh{kd / Auditors

eSllZ frokjh ,.M ,lksf'k,Vl eSllZ f<+Yyksa ,.M ,lksf'k,VlM/s Tiwari & Associates M/s Dhillon & Associates

eSllZ /kou ,.M da- eSllZ nfoUnj iky flag ,.M da-M/S Dhawan & Co. M/S Davinder Pal Singh & Co.

iatkc ,.M fla/ cSad


iatkc ,.M ÇLk/k cSad¼Òkjr Lkjdkj dk miØe½

Á/kku dk;kZy; % 21 &jktsUæ IysLk] ubZ fnYyh 110008www.psbindia.com

_______________________________________________________________________________________

uksfVl

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2- foÙkh; o"kZ 2015&16 ds fy, 'ks;jksa ij ykHkka'k dk vuqeksnu o ?kks"k.kkA

;g Hkh lwfpr fd;k tkrk gS fd okÆ"kd lkekU; cSBd esa Ã&oksV@oksV nsus ds ik= 'ks;jèkkjdksa ds ukeksa dk irk yxkus ds fy, vafre frfFk¼dV v‚Q MsV½ 21-06-2016 fuèkkZfjr dh gSA ¼d½ okÆ"kd lkekU; cSBd ds flyflys esa 'ks;j&èkkjdksa ds jftLVj rFkk cSad dh 'ks;j varj.k cqd fnukad 22-06-2016 ls 28-06-2016 rd] ftlesa nksuks fnu lfEefyr gSa can jgsxh rFkk ¼[k½ NBoÈ okÆ"kd lkekU; cSBd esa ?kksf"kr vafre ykHkka'k] ;fn dksÃ gS rks çkIr djus okys 'ks;jèkkjdksa dh ik=rk dk fuèkkZj.k fd;k tk,xkA

funs'kd eaMy ds vkns'kkuqlkj

LFkku % ubZ fnYyh tfrUnjchj flag fnukad % 18 ebZ] 2016 v/;{k ,oa çca/k funs'kd

Punjab & Sind Bank


Punjab & Sind Bank (A Government of India Undertaking)

Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008www.psbindia.com

_______________________________________________________________________________________

NOTICE

Notice is hereby given that the Sixth Annual General Meeting of Shareholders of Punjab & Sind Bank will be held on Tuesday, the 28th June, 2016 at 10.00 a.m. at India International Centre, 40-Max Mueller Marg, Lodi Estate, New Delhi-110003 to transact the following business:

Item No.

1. To discuss, approve and adopt the Financial Results viz. Audited Balance Sheet and Profit & Loss Accounts of the Bank for the year ended 31st March 2016, Report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and Auditors' Report on the Balance Sheet and Accounts.

2. To approve and declare dividend on Equity Shares for the financial year 2015-16.

Notice is also given that the Bank has fixed 21.06.2016 as the ‘Cut-Off date’ to ascertain names of shareholders who shall be entitled to e-vote / vote at the Annual General Meeting and to receive dividend. Further, the Register of shareholders and the share transfer books of the Bank will remain closed from 22.06.2016 to 28.06.2016 (both days inclusive) in connection with (a) the Annual General Meeting and (b) to determine the entitlement of shareholders to receive dividend declared, if any, at the Sixth AGM.

By Order of the Board of Directors

Place : New Delhi Jatinderbir Singh Date : 18 May, 2016 Chairman & Managing Director

iatkc ,.M fla/ cSad


fVIif.k;ka

1- ç‚Dlh dh fu;qfä

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2- vf/k—r çfrfuf/k dh fu;qfDr

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3- iathdj.k] mifLFkfr iphZ rFkk ços'k iphZ

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4- 'ks;j varj.k ,tsUVksa ds lkFk i=&O;ogkj

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'ks;jèkkjd ftuds ikl 'ks;j vHkkSfrd :i esa gSa] ls vuqjksèk gS fd os vius bZ&esy irs] Mkd irs] cSad fooj.k esa ifjorZu@vn~;ru ;fn gks rks] vius fMi‚ft+V‚jh lgHkkxh dks lkjk laçs"k.k bySDVª‚fud ekè;e ls çkIr djus ds fy, lwfpr djsaA

Punjab & Sind Bank


NOTES1. APPOINTMENT OF PROXY: A Shareholder entitled to attend and vote at the meeting is entitled to appoint a proxy to attend and vote instead of

himself/herself and such proxy need not be a shareholder of the Bank. No person shall be appointed as a proxy who is an officer or employee of Punjab & Sind Bank as per provisions of Punjab

& Sind Bank (Shares and Meetings) Regulations, 2008. As per the regulation 70 (vi) of Regulations, the grantor of an instrument of proxy shall not be entitled to vote in person at the meeting to which such instrument relates.

The Proxy Form (Annexure-‘A’) in order to be effective must be received at Punjab & Sind Bank, Head Office Accounts & Audit Department, Shares Cell, 21-Rajendra Place, New Delhi-110 008, at least four days before the date of the Annual General Meeting i.e. on or before the closing hours of the Bank at 5.00 p.m. on 23.06.2016 (Thursday) together with the Power of Attorney or other authority, if any, under which it is signed or a copy of that Power of Attorney or other authority certified as a true copy by a Notary Public or a Magistrate unless such Power of Attorney or other authority has been previously deposited and registered with the Bank.

2. APPOINTMENT OF AN AUTHORISED REPRESENTATIVE : No person shall be appointed as authorised representative who is an officer or employee of Punjab & Sind Bank as per

provisions of Punjab & Sind Bank (Shares and Meetings) Regulations, 2008. No person shall be entitled to attend or vote at the meeting as a duly authorized representative of a company or any other

Body Corporate which is a shareholder of the Bank, unless a copy of the Resolution appointing him/her as a duly authorized representative, certified to be true copy by the Chairman of the meeting at which it was passed, shall have been received at Punjab & Sind Bank, Head Office Accounts & Audit Department, Shares Cell, 21-Rajendra Place, New Delhi-110 008, at least four days before the date of the Annual General Meeting, i.e. on or before the closing hours of the Bank at 5.00 p.m. on 23.06.2016 (Thursday).

3. REGISTRATION, ATTENDENCE SLIP AND ENTRY SLIP: In order to facilitate the shareholders attending the meeting, Registration process will commence from 9.00 a.m. on

28.06.2016, at the venue. Shareholders are requested to be present for the meeting well in advance, to complete the Registration formalities.

For the convenience of the shareholders, attendance slip and entry pass is annexed (Annexure-‘B’) to this notice. Shareholders/Proxy Holders/Authorised Representatives are requested to fill in, affix their signatures at the space provided therein and surrender the same at the venue and thereafter entry slip shall be issued to them. Proxy/Authorised Representative of a shareholder should state on the attendance slip as ‘Proxy' or ‘Authorised Representative' as the case may be. Shareholders / Proxy holders / Authorised Representatives may note that the admission to the meeting will be subject to verification / checks, as may be deemed necessary and they are advised to carry valid proof of identity viz., Voters ID Card / Employer Identity Card / Pan Card / Passport / Driving license etc. Ballot paper for poll will be issued against surrendering of entry pass.

4. COMMUNICATION WITH THE SHARE TRANSFER AGENT: Shareholders holding shares in physical form are requested to intimate changes/update, if any, in their email address,

postal address, bank details etc. to Share Transfer Agent of the Bank at the following address to receive all communication through electronic mode:

Link Intime India Pvt Ltd. Unit: Punjab & Sind Bank 44, Community Centre, 2nd Floor, Naraina Industrial Area, Phase-I, Near PVR Naraina, NEW DELHI-110 028. Ph: 011 41410592, 41410593 email: [email protected] Shareholders holding shares in dematerialised form are requested to intimate changes/ update, if any, in their email address,

postal address, bank details etc. to their depository participants, to receive all communication through electronic mode.

iatkc ,.M fla/ cSad


5- ykHkka'k dk Hkqxrku

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8- Qksfy;ksa dk lesdu

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9- 'ks;j /kkjdksa ls vuqjks/k

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;g ç'kaluh; gksxk fd 'ks;jèkkjd vius ç'u] ;fn dksÃ gSa] le; ls i;kZIr igys daiuh lfpo] iatkc ,.M Çlèk cSad] ç-dk- 'ks;j d{k] 21] jktsaæ Iysl] uÃ fnYyh&110008 ds ikl çsf"kr djs ;k [email protected] ij esy djsA

10- 'ks;j /kkjdksa ds erkf/kdkj

vfèkfu;e dh èkkjk 3¼2Ã½ esa fn, x, çkoèkkuksa dh 'krks± ds vuqlkj dsaUæ ljdkj ds vykok] cSad dk dksÃ Hkh 'ks;jèkkjd vius }kjk èkkjd 'ks;j] cSad ds lHkh 'ks;j èkkjdksa ds dqy erkfèkdkj dk 10 çfr'kr ls vfèkd 'ks;j j[krk gS rks og erkfèkdkj dk ik= ugÈ gksxkA

cSad lHkh 'ks;jèkkjdksa dks ,tsaMk enksa ds fy, Ã&oksÇVx dh lqfoèkk çnku dj jgk gSA ok-lk-cS- dh Ã&oksV] oksV dh ik=rk dh vafre fnukad¼dV v‚Q MsV½ 21-06-2016 gSA Ã&oksÇVx dh vofèk 25-06-2016 dks iwokZà 10-00 cts çkjaHk gksxh vkSj 27-06-2016 dks vijkà 5-00 cts rd gksxhA blds i'pkr Ã&oksV ugÈ dh tk ldsxhA y‚xbu vkÃMh] ikloMZ] i|fr vuqcaèk esa nh xÃ gSA

Punjab & Sind Bank


5. PAYMENT OF DIVIDEND The Board of Directors of the Bank in its meeting held on 10.05.2016 recommended a dividend of Rs.1.65 (Rupee One and

paise sixty five only) per equity share of Rs. 10/- each fully paid up, for the financial year 2015-16. Dividend as recommended by the Board of Directors, on approval and declaration at the Sixth Annual General Meeting will be paid as under:

a. To all beneficial owners in respect of shares held in electronic form as per the data as may be made available by the National Securities Depository Services Ltd. (NSDL) / Central Depository Services (India) Ltd. (CDSL) as of the close of business hours on 21.06.2016.

b. To all the members in respect of shares held in physical form after giving effect to valid transfers, if any, in respect of transfer requests lodged with the Bank/ Bank’s Share Transfer Agent, i.e., Link Intime India Pvt. Ltd. on or before the close of business hours, i.e. 5.00 p.m. on 21.06.2016.

c. The dividend will be distributed to the eligible shareholders within thirty days from the date of Sixth Annual General Meeting.

6. DIVIDEND MANDATE / CHANGE OF ADDRESSa) Beneficial Owners holding shares in electronic form are hereby informed that Bank particulars registered against their

respective depository account will be used by the Bank for payment of dividend. The Bank or its Share Transfer Agent can not act on any request received directly from the shareholders holding shares in electronic form for any change of bank particulars or bank mandate. Such changes are to be advised only to their Depository Participant.

b) Shareholders holding shares in physical form are requested to advise any change of address, bank details immediately to the Bank’s Share Transfer Agent, i.e. Link Intime India Pvt. Ltd. Shareholders holding shares in electronic form must send the advice about change in address, bank details to their respective Depository Participant only and not to the Bank or Bank’s Share Transfer Agent.

c) Shareholders are requested to invariably quote their respective folio number/s (for those holding shares in physical form) and their respective DP ID / Client ID number (for those holding shares in electronic form) in any correspondence with the Bank or Bank’s Registrar and Share Transfer Agent.

7. UNPAID/UNCLAIMED DIVIDEND, IF ANY The shareholders who have not encashed their dividend warrants for the previous years are requested to approach

the Banks’ Share Transfer Agent at aforesaid address or at Banks’ Shares Cell at Head Office, 21- Rajendra Place, New Delhi-110008.

8. CONSOLIDATION OF FOLIOS: The shareholders, who are holding shares in identical order of names in more than one folio, are requested to intimate to

Link Intime India Pvt. Ltd. (RTA), the ledger folio of such accounts together with the share certificate(s) to enable the Bank to consolidate all the holdings into one folio. The share certificate(s) will be returned to the Shareholders after making necessary endorsement in due course.

9. REQUEST TO SHAREHOLDERS: Shareholders / Proxy holders / Authorised Representatives are requested to bring their copies of the Annual Report to the

Annual General Meeting. No copy of the Annual report shall be provided at the venue of the Annual General Meeting. It will be appreciated if shareholders submit their queries, if any, sufficiently in advance to The Company Secretary, Punjab

& Sind Bank, HO Shares Cell, 21 Rajendra Place, New Delhi-110008 or email to [email protected].

10. VOTING RIGHTS OF SHAREHOLDERS: In terms of the provisions of Section 3 (2E) of the Act, no shareholder of the Bank, other than the Central Government shall

be entitled to exercise voting rights in respect of any shares held by him / her in excess of ten per cent of the total voting rights of all the shareholders of the Bank.

The Bank is offering e-voting facility for agenda items to all shareholders. The Cut-off date for eligibility to e-vote/vote at AGM is 21.06.2016. The e-voting period shall commence on 25.06.2016 from 10.00 a.m. and end on 27.06.2016 up to 5.00 p.m. beyond which shareholders cannot e-vote. Details for log-in ID, password, procedure is annexed.

iatkc ,.M fla/ cSad


ftu 'ks;jèkkjdksa us Ã&oksV fd;k gS okÆ"kd lkekU; cSBd esa Hkkx ys ldrs gSa Çdrq ernku esa Hkkx ugÈ ys ldrsA ;fn mUgksaus ernku ds ekè;e ls er dk ç;ksx fd;k rks ml ij fopkj ugÈ fd;k tk,xkA

11- 'ks;j d{k

'ks;jèkkjdksa dks rhoz ,oa çHkkoh lsok çnku djus ds fy, cSad us çèkku dk;kZy; esa 'ks;j d{k dh LFkkiuk dh gSA 'ks;j/kkjd fuEu irs ij fdlh çdkj dh lgk;rk ds fy, laidZ dj ldrs gSa&

daiuh lfpo] iatkc ,.M fla/k cSad] ç/kku dk;kZy;] ys[kk ,oa ys[kk ijh{kk foHkkx ¼'ks;j d{k½ 21&jktsUæ Iysl] izFke ry] ubZ fnYyh&110008 VsfyQksu % 011&25782926] 25812922

bZ&esy : [email protected]

12- vU; tkudkjh

'ks;jèkkjd —i;k tku ysa fd lHkk esa fdlh Hkh çdkj dk migkj@migkj dwiu ugÈ fn;k tk,xkA

dM+h lqj{kk ds dkj.kksa ls gky ds Hkhrj czhQ dsl] [kk| inkFkZ rFkk futh oLrq,a ys tkuk euk gSA blfy, cSBd esa mifLFkr gksus okys lHkh O;fä vius lkeku dh lqj{kk dh O;oLFkk Lo;a djsaA


LFkku % ubZ fnYyh tfrUnjchj flagfnukad % 18 ebZ] 2016 v/;{k ,oa Áca/k funs'kd

Punjab & Sind Bank


The shareholders who have e-voted can participate in the AGM but cannot participate in poll. Incase they vote through poll, the same will not be considered.

11. SHARES CELL In order to facilitate quick and efficient service to the shareholders, the Bank has set up a Shares cell at its Head Office, New

Delhi, Shareholders may contact this Cell at the under mentioned address for any assistance : The Company Secretary, Punjab & Sind Bank, Head Office, Accounts & Audit Department (Shares Cell) 21 Rajendra Place, 1st floor, New Delhi-110008 Telephone: 011-25782926, 25812922 E-mail: [email protected].

12. OTHER INFORMATION Shareholders may kindly note that no gift/gift coupons will be distributed at the meeting. Due to strict security reasons, brief cases, eatables and other belongings are not allowed inside the hall. Persons attending

the meeting are, therefore, advised to make their own arrangements for the safe keeping of their articles.

By Order of the Board of Directors

Place : New Delhi Jatinderbir Singh Date : 18 May, 2016 Chairman & Managing Director

iatkc ,.M fla/ cSad


bZ&oksfVaxiatkc ,.M fla/k cSad dh NBoha okf"kZd lkekU; cSBd ds fy, bZ&oksfVax

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lnL;ksa gsrq bySDVªkfud fofèk ls oksÇVx gsrq funsZ'k fuEukuqlkj gSa %&

¼i½ fnukad 25-06-2016 dks çkr% 10 cts ernku vofèk tkjh gksxh vkSj fnukad 27-06-2016 dks lk;adky 5-00 cts lekIr gks tk,xhA bl vofèk ds nkSjku cSad dk 'ks;jèkkjd ftlds ikl vafre frfFk 21-06-2016 dks 'ks;j HkkSfrd :i esa vFkok vHkkSfrd :i esa gSa] viuk ernku ÃySDVª‚fud :i ls dj ldrk gSA mlds ckn lh,lMh,y }kjk ernku çfØ;k jksd nh tk,xhA

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gsrq ernku dj fn;k gS rks viuk orZeku ikloMZ dk ç;ksx djsaA

¼vii½ ;fn vki çFke okj ernku dj jgs gSa rks fuEu fn, x, dneksa dk vuqlj.k djs%

MhesV :i rFkk HkkSfrd :i esa 'ks;j/kkjdksa gsrq

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ykHkka'k cSad fooj.k

MhesV [kkrs esa ;k daiuh ds MhesV [kkrs@ Qksfy;ks esa ntZ fjd‚MZ ds vuqlkj viuk ykHkka'k cSad fooj.k çfo"V djsaAÛ —i;k tUefrfFk ;k ykHkk¡'k cSad fooj.k y‚xbu djus gsrq djsaA ;fn fooj.k fMi‚ftVjh ;k daiuh ds ikl

iath—r ugh gSa rks —i;k ykHkka'k cSad fooj.k QhYM esa lnL; vkÃMh@Qksfy;ksa la[;k tSlk fd ¼iv½ esa mYysf[kr gS] çfo"V djsaA

¼viii½ bu fooj.kksa dks çfo"V djus ds i'pkr~] "SUBMIT" Vsc ij fDyd djsaA

¼ix½ lnL; ftuds ikl HkkSfrd #i esa 'ks;j gSa] lsysD'ku LØhu ij lhèks igq¡p ldrs gSaA tcfd lnL; ftuds ikl MhesV #i esa 'ks;j gSa ÞikloMZ fØ,'ku fodYiß esa igq¡psaxs tgk¡ muds }kjk y‚fxu ikloMZ ] u, ikloMZ LFkku esa cny dj nsuk vko';d gSA —i;k è;kuiwoZd uksV djsa fd ;g ikloMZ] MhesV èkkjdksa }kjk] fdlh Hkh daiuh] ftlesa og oksV nsus ds fy, leFkZ gS] tcfd og daiuh ftlesa CDSL }kjk Ã&oksÇVx djokuh gks] ç;ksx fd;k tk ldrk gSA vkidks xaHkhjrk ls lykg nh tkrh gS fd viuk ikloMZ fdlh vU; O;fä dks u crk,a rFkk vius ikloMZ dks xksiuh; j[ksaA

¼x½ lnL; ftuds ikl 'ks;j HkkSfrd :i esa gSa] fooj.k dk dsoy mi;ksx bl uksfVl esa Ã&ernku gsrq fn, x, elkSns esa fd;k tk ldrk gSA

¼xi½ iatkc ,.M Çlèk cSad gsrq ÞEVSNß ij fDyd djsa ftldks vki ernku djuk pkgrs gSaA

Punjab & Sind Bank


E-VotingE-Voting for the Sixth Annual General Meeting of Punjab & Sind Bank

In terms of Rule 20 of Companies (Management and Administration) Rules, 2014 as amended from time to time, Bank shall provide facility of e-Voting, through CDSL, to the shareholders for the Sixth AGM.

The instructions for shareholders voting electronically are as under:

(i) The voting period begins on 25.06.2016 at 10.00 a.m. and ends on 27.06.2016 at 5.00 p.m. During this period shareholders’ of the Bank, holding shares either in physical form or in dematerialized form, as on the cut-off date 21.06.2016, may cast their vote electronically. The e-voting module shall be disabled by CDSL for voting thereafter.

(ii) The shareholders should log on to the e-voting website www.evotingindia.com.

(iii) Click on Shareholders.

(iv) Now Enter your User ID

a. For CDSL: 16 digits beneficiary ID,

b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,

c. Members holding shares in Physical Form should enter Folio Number registered.

(v) Next enter the Image Verification as displayed and Click on Login.

(vi) If you are holding shares in demat form and had logged on to www.evotingindia.com and voted on an earlier voting of any company, then your existing password is to be used.

(vii) If you are a first time user follow the steps given below:

For Members holding shares in Demat Form and Physical FormPAN Enter your 10 digit alpha-numeric PAN issued by Income Tax Department (Applicable for both demat share-

holders as well as physical shareholders)

• Members who have not updated their PAN with the Company/Depository Participant are requested to use the sequence number which is printed on Postal Ballot/Attendance Slip indicated in the PAN field.

DOB Enter the Date of Birth as recorded in your demat account or in the company records for the said demat ac-count or folio in dd/mm/yyyy format.

Dividend Bank Details

Enter the Dividend Bank Details as recorded in your demat account or in the company records for the said demat account or folio.

• Please enter the DOB or Dividend Bank Details in order to login. If the details are not recorded with the depository or company please enter the member id / folio number in the Dividend Bank details field as mentioned in instruction (iv).

(viii) After entering these details appropriately, click on “SUBMIT” tab.

(ix) Members holding shares in physical form will then directly reach the Company selection screen. However, members holding shares in demat form will now reach ‘Password Creation’ menu wherein they are required to mandatorily enter their login password in the new password field. Kindly note that this password is to be also used by the demat holders for voting for resolutions of any other company on which they are eligible to vote, provided that company opts for e-voting through CDSL platform. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential.

(x) For Members holding shares in physical form, the details can be used only for e-voting on the resolutions contained in this Notice.

(xi) Click on the EVSN for Punjab & Sind Bank on which you choose to vote.

iatkc ,.M fla/ cSad


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¼xiii½ ;fn vki lHkh çLrkoksa dks ns[kuk pkgrs gSa rc ÞfjtksY;w'ku Qkby Çydß dks fDyd djsaA

¼xiv½ oksV djus ds çLrko dks pquus ds i'pkr SUBMIT ij fDyd djsaA ,d iqf"V c‚Dl ogk fn[ksxk] ;fn vki iqf"V djuk pkgrs gSa rks ÞOKß ij fDyd djsa vkSj ;fn viuk oksV cnyuk pkgrs gSa rks CANCEL ij fDyd djsa vkSj bl çdkj vki viuk oksV cny ldrs gSaA

¼xv½ ;fn vki çLrko ij ,d ckj viuk oksV dj nsrs gSa rc vkidks mls cnyus dh vuqefr ugÈ gksxhA

¼xvi½ vki vius }kjk fd, x, ernku dk ÇçV Hkh ernku i`"B ij ÞÇçV ysus gsrq ;gka fDyd djsaß ij fDyd dj ys ldrs gSaA

¼xvii½ ;fn MhesV [kkrkèkkjd viuk ifjoÆrr ikloMZ Hkwy x;k gS rc ;wtj vkÃMh vkSj Ãest lR;kiu dksM dks çfo"V djsa vkSj Hkwys gq, ikloMZ ij fDyd djsa rFkk ç.kkyh }kjk ekaxs x, fooj.k dks çfo"V djsaA

¼xviii½ voS;fDrd 'ks;jèkkjd rFkk vfHkj{kdksa gsrq uksV

Û voS;fDRkd 'ks;jèkkjd ¼tSls oS;fDrd ls vyx] Çgnw la;qä ifjokj] ,uvkjvkÃ vkfn½ vkSj vfHkj{kdksa dks www.evotingindia.com y‚xbu djuk gksxk vkSj d‚iksZjsV ds :i esa Lo;a dks iath—r djkuk gksxkA

Û iathdj.k dh LdSu d‚ih ftl ij laLFkk dh eksgj rFkk gLrk{kj gksus pkfg,] dks [email protected] ij Ã&esy dj nsuk pkfg,A

Û y‚xbu fooj.k çkIr gksus ds ckn admin y‚xbu vkSj ikloMZ dk mi;ksx dj vuqikyu ;wtj fØ,V dj ysuk pkfg,A vuqikyu ;wtj [kkrk¼vksa½ dks Çyd djus es leFkZ gksxk ftlds fy, oks ernku djuk pkgrs gSaA

Û lHkh [kkrksa dh lwph [email protected] dks esy dj nsuh pkfg, vkSj [kkrksa dh Loh—fr çkIr gksus ds ckn] oks ernku djus esa leFkZ gksaxsA

Û vfHkj{kd ds i{k esa muds }kjk tkjh i‚oj v‚Q vVkuÊ vkSj cksMZ ladYi dh LdSuM çfr] ;fn dksÃ gS] dks ihMh,Q çk:i esa ç.kkyh esa viyksM djuk pkfg, rkfd Nkuchu djus okyk mldks lR;kfir dj ldsA

¼xix½ O;fä;ksa ftUgksaus 'ks;j [kjhns gSa vkSj uksfVl dks çsf"kr djus ds ckn Hkh Ã&oksÇVx gsrq mijksä çfØ;k viuk ldrs gSaA

fVIi.kh% ;fn dksÃ lnL;a¼vksa½ vius oksV nksuksa vFkkZr HkkSfrd :i ;k Ã&oksÇVx ls ernku djrk gS rks Ã&oksÇVx ds ekè;e ls fd;k x;k ernku ekU; jgsxk rFkk HkkSfrd ernku dks vuns[kk dj fn;k tk,xkA ;|fi ftl 'ks;jèkkjd us us Ã&oksÇVx ds ekè;e ls viuk oksV fn;k gS og lkekU; cSBd esa lgHkkfxrk dj ldrk gS Çdrq iksy esa oksV ugÈ dj ldrkA

Jh nhid xqIrk] dk;Zjr daiuh lfpo¼lhoh ua- 4629½ dks bySDVª‚fud oksÇVx çfØ;k ds fy, vads{kd fu;qDr fd;k x;k gS] tks i{k ;k foi{k esa Mkys x, oksVksa dh fjiksVZ rS;kj djsaxs rFkk bls cSBd laiUu gksus ds rhu fnuksa ds Hkhrj vè;{k] okÆ"kd lkekU; cSBd dks lacafèkr fjiksVZ çLrqr djsaxs(

vè;{k }kjk ?kksf"kr ifj.kke ds lkFk vads{kd dh fjiksVZ dks cSad dh osclkbV rFkk lhMh,l,y dh osclkbV ij ifj.kke dh ?kks"k.kk ds rqjar ckn Mky fn;k tk,xk(

i;kZIr oksV dh çkfIr ij ladYi dks okÆ"kd lkekU; cSBd ds fnu ikfjr ekuk tk,xk(

cSBd dh lwpuk www.psbindia.com rFkk www.cdslindia.com ij Hkh çnÆ'kr gSA

;fn Ã&oksÇVx ds lanHkZ esa vkidk dksÃ ç'u vFkok ftKklk gS rks ckj&ckj iwNs tkus okys ç'u ¼ÞFAQsß½ ij tk,a rFkk lgk;rk vuqHkkx ds varxZr [email protected] ij Ã&oksÇVx esuqvy miyCèk gS ;k [email protected] dks Ã&esy djsa ;k Jh osuflly‚l QqjVsMks ¼Wenceslaus Furtado½] fMIVh çcaèkd] CDSL] 16oka ekyk] ih-ts- V‚oj] nyky LVªhV] QksVZ] eqEcÃ&400001] nwjHkk"k ua- 18002005533 ;k Jh Hkkjr Hkw"k.k] ,lksf'k,V mikè;{k] Çyd ÃuVkbe çk- bafM;k fyfeVsM] 44] dE;wfuVh lsaVj] f}rh; ry] ukjk;.kk vkS|ksfxd {ks=] Qst&1] uÃ fnYyh&28 nwjHkk"k ua- 011&41410592]41410593 ;k [email protected] dks Ã&esy djsaA

Punjab & Sind Bank


(xii) On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same the option “YES/NO” for voting. Select the option YES or NO as desired. The option YES implies that you assent to the Resolution and option NO implies that you dissent to the Resolution.

(xiii) Click on the “RESOLUTIONS FILE LINK” if you wish to view the entire Resolution details.

(xiv) After selecting the resolution you have decided to vote on, click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, click on “OK”, else to change your vote, click on “CANCEL” and accordingly modify your vote.

(xv) Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

(xvi) You can also take print out of the voting done by you by clicking on “Click here to print” option on the Voting page.

(xvii) If Demat account holder has forgotten the changed password then Enter the User ID and the image verification code and click on Forgot Password & enter the details as prompted by the system.

(xviii) Note for Non – Individual Shareholders and Custodians

• Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodian are required to log on to www.evotingindia.com and register themselves as Corporates.

• A scanned copy of the Registration Form bearing the stamp and sign of the entity should be emailed to [email protected].

• After receiving the login details a compliance user should be created using the admin login and password. The Compliance user would be able to link account(s) for which they wish to vote on.

• The list of accounts should be mailed to [email protected] and on approval of the accounts they would be able to cast their vote.

• A scanned copy of the Board Resolution and Power of Attorney (POA) which they have issued in favour of the Custodian, if any, should be uploaded in PDF format in the system for the scrutinizer to verify the same.

(xix) Person who have acquired shares and become members after despatch of notice may also use the above given procedure for remote e-voting.

Note: In case member(s) cast their vote both via Physical Ballot and e-voting, then voting done through e-voting shall prevail and voting done by Physical Ballot will be ignored. However, shareholder(s) who have casted their vote through e-voting can participate in General Meeting but cannot vote in poll.

Mr. Deepak Gupta, Practicing Company Secretary (CP No. 4629) has been appointed as the scrutinizer to the electronic voting process and for poll at the Annual General Meeting, who shall prepare and submit its report of the votes cast in favour or not in favour/ against, to the Chairman of the Annual General Meeting within 3 days of the conclusion of the meeting;

The results declared along with the scrutinizer’s report shall be placed on the website of the Bank and on the website of CDSL immediately after the result is declared by the Chairman;

Subject to receipt of the sufficient votes, the resolution(s) shall be deemed to be passed on the date of the Annual General Meeting;

Notice of the meeting is also displayed at www.psbindia.com and www.cdslindia.com.

In case you have any queries or issues regarding e-voting, you may refer the Frequently Asked Questions (“FAQs”) and e-voting manual available at www.evotingindia.com under help section or write an email to [email protected] or call Mr. Wenceslaus Furtado, Deputy Manager, CDSL, 16th floor, P.J Tower, Dalal Street, Fort, Mumbai-400001, Phone-18002005533 or Call Mr. Bharat Bhushan, Associate Vice President, Link Intime India Pvt. Ltd, 44-Community Centre, 2nd floor, Naraina Indl Area, Phase-I, New Delhi-28 Phone-41410592, 41410593 or write an email to [email protected].

iatkc ,.M fla/ cSad


funs'kd eaMy fjiksVZ 2015&16funs'kd eaMy fnukad 31 ekpZ] 2016 dks lekIr o"kZ dh okÆ"kd fjiksVZ] rqyu&i= rFkk ykHk&gkfu [kkrs dks g"kZ ds lkFk çLrqr djrk gSAçcaèku fopkj& foe'kZ ,oa fo'ys"k.k vkÆFkd ifj–';%,d o"kZ igys tc vkÆFkd losZ{k.k vkSj ctV çLrqr fd;k x;k Fkk] Hkkjrh; vFkZO;oLFkk o`gr vkÆFkd LFkkf;Ro dks cgky djus esa çkIr ykHkksa dks lesfdr djus esa lQy gqÃ gSA bl dfBu nkSj esa Hkkjr o`gr LFkkf;Ro dk vkJ; cuk gqvk gS ftlesa eqækLQhfr] jktdks"kh; ?kkVk vkSj pkyw [kkrk ?kkVk lHkh {kh.k gks x, gSaA gkykafd ?kVrh&c<rh xfr ls vkÆFkd o`f) cgky gksrs fn[kkÃ ns jgh gS] vkSj 2014&2015 ds 7-2% dh rqyuk esa vkÆFkd fodkl dh nj 7-6% gksus dh laHkkouk gSA fiNys o"kZ dh rqyuk esa —f"k {ks= esa csgrj ifj.kke dh laHkkouk gS vkSj 2015&2016 esa 1-7% dh o`f) fjd‚MZ dh tkus dh vk'kk gSA m|ksx us çkFkfed #i ls fofuekZ.k esa egRoiw.kZ fodkl çnÆ'kr fd;k gS vkSj o"kZ 2015&2016 esa vkÃvkÃih ds fy, var%o`f) dh Hkfo";ok.kh 4-3% dh xÃ gSA bl nkSjku lsok {ks= esa rsth ls foLrkj gks jgk gSaA o"kZ 2015&2016 ds fy, lhihvkÃ vkèkkfjr eqækLQhfr fu;a=.k ds lkFk 5-00% ds Hkhrj jgus dh Hkfo";ok.kh dh xÃ gS vkSj Fkksd ewY; lwpdkad ¼WPI½ vkèkkfjr eqækLQhfr uoacj 2014 ls udjkRed {ks= ¼&1-8%½ esa jgh gSA o"kZ 2014&2015 dh 4-2% dh thMhih dh rqyuk esa o"kZ 2015&2016 esa jktdks"kh; ?kkVk thMhih ds 4-00% rd fxjus dh laHkkouk gSA ewY; fLFkjrk esa Hkjkslk c<k gS ,oa lksuk vk;kr o`gÙk#i ls fLFkj gqvk gSA pkyw [kkrs ds ?kkVs esa deh vk;h gS vkSj fons'kh eqæk Hk.Mkj us yxHkx 350 fcfy;u ;w,l M‚yj ds vius loksZPp Lrj dks Nw fy;k gSA o"kZ 2014&2015 ds vçSy& fnlacj ds 21-9 fcfy;u M‚yj dh rqyuk esa ,QMhvkÃ varokZg o"kZ 2015&2016 esa mlh vofèk esa c<dj 27-7 fcfy;u M‚yj gks x;k gSA vkÃ,e,Q us gekjs ns'k dks lqLr oSfÜod vFkZO;oLFkk ds chp esa ,d ^czkÃV Li‚V* crk;k gSA nks o"kZ dh ekulwu esa 13% dh de ckfj'k gksus rFkk oSfÜod çfrdwy n'kk ds ckotwn] ;g lao`f) çkIr dh xÃ gSA ;|fi] Hkfo"; esa bl lao`f) ds lEeq[k dÃ pqukSfr;ka gSA oSfÜod eanh ds vkus okys tksf[ke vkSj leL;k,a] Hkfo"; esa oLrqvksa dh dherksa esa mrkj&p<+ko] fo'ks"kr;k rsy] lkrosa osru vk;ksx dk vfrfjä jktdks"kh; Hkkj ds vfrfjä fodflr ds lkFk&lkFk fodkl'khy ns'kksa dks vFkZO;oLFkk dh {kerk ds vuqlkj fQj ls dqy ekax ds lekuqikr fuos'k vkjaHk djuk gksxkA ;|fi] Hkkjr ljdkj] Hkkjrh; fjtoZ cSad vkSj vU; lacafèkr ,tsafl;ka bu leL;kvksa ds lekèkku gsrq leqfpr mik; dj jgs gSaA Hkkjr esa cSaÇdx {ks= ds lkFk&lkFk gekjk cSad Hkh mUufr dj jgk gSA ;|fi] gekjs lkeus dqN eq[; leL;k,a gSa vkSj vkfLr xq.koÙkk cSad ds lkeus ,d xEHkhj leL;k gSA tek ykxr esa deh vkSj vkfLr;ksa ij çfrQy esa lqèkkj] ,uvkÃ,e esa o`f) dh pqukSrh ds lkFk iwath i;kZIrrk] ykHkçnrk ncko esa gSA pqukSfr;ksa dk lkeuk djus gsrq fofHkUu Lrjksa ij dÃ rjg ds mik; fd, jgs gSaA

dk;Z&fu"iknu ifj.kkedqy O;kikjfnukad 31-03-2015 dks cSad ds #- 151511 djksM+ dh rqyuk esa o"kZ 31-03-2016 dh lekfIr ij cSad ds dqy O;kikj esa 3-31% dh o`f) ntZ dh xÃ tksfd #-156527 djksM+ jgkAykHkfoÙkh; o"kZ 2014&2015 ds nkSjku #- 121-35 djksM+ dh rqyuk esa cSad us o"kZ 2015&2016 ds nkSjku #- 335-97 djksM+ dk 'kq) ykHk ntZ fd;kA o"kZ 2014&15 ds 0-13% dh rqyuk esa vkfLr;ksa ij çfrQy 0-34% jgkA

31 ekpZ] 2016 d¨ LkekIr o"kZ ds ifj.kke a dh Áeq[k ckrsajkf”k yk[kksa esa

LkekIr o"kZ Áfr'kr esa ifjorZu31-03-2016 31-03-2015

C;kt dh vk; 874434 858855 1-81vU; vk; 47848 42875 11-60dqy vk; 922282 901730 2-28dqy O;; 795293 824185 &3-51ifjpkyu ykHk 126989 77545 63-76'kq) ykHk 33597 12135 176-86vkfLr;ksa ij çfrQy 0-34% 0-13%'kq) C;kt ekÆtu ¼,u-vkÃ-,e-½ 2-22% 1-80%ldy vutZd vkfLr;ka 6-48% 4-76%'kq) vutZd 4-62% 3-55%iwath i;kZIrrk vuqikr ¼cklsy II½ 11-75% 11-88%iwath i;kZIrrk vuqikr ¼cklsy III½ 10-91% 11-24%çfr 'ks;j vk; ¼#-½ 8-39 3-59

Punjab & Sind Bank


DIRECTORS’ REPORT 2015-16The Board of Directors has pleasure in presenting the Annual Report of the Bank along with the Balance Sheet & Profit and Loss Account for the year ended 31st March, 2016.MANAGEMENT DISCUSSION AND ANALYSIS:ECONOMIC OUTLOOKSince the Economic Survey and Budget were presented a year ago, the Indian economy has continued to consolidate the gains achieved in restoring macroeconomic stability. Inflation, the fiscal deficit, and the current account deficit have all declined, rendering India a relative haven of macro stability in these turbulent times. Economic growth appears to be recovering, albeit at varying speeds across sectors and the growth of Economy expected having accelerated to 7.6% as against 7.2% in 2014-15. Agriculture is likely to perform better than last year and expected to record a growth of 1.7% in 2015-16. Industry has shown significant improvement primarily on account of acceleration in manufacturing and the median growth forecast for IIP has been put at 4.3% for 2015-16. Meanwhile, services continue to expand rapidly. The CPI based Inflation remains under control with a median forecast of 5.0% for 2015-16 and the Wholesale Price Index (WPI) based inflation has been put at (-1.8%), remaining in Negative territory since November 2014. The fiscal deficit has been expected to decline from 4.2% of GDP in 2014-15 to 4% of GDP in 2015-16. Confidence in price stability has improved, gold imports have largely stabilized. The current account deficit has declined and Foreign Exchange reserves touched highest ever level of about 350 billion US Dollars. FDI inflows have grown from 21.9 billion dollar in April-December 2014-15 to 27.7 billion dollar to the same period in 2015-16.

Our country has been held as a ‘bright spot’ amidst a slowing global economy by IMF. This growth has been achieved despite very unfavorable global conditions and two consecutive years shortfall in Monsoon by 13%. However, there are challenges before the growth in future. Risks of further global slowdown and turbulence, future movements in the commodity prices, especially oil, ability of developed as well as developing economies to once again initiate investments in aggregate demand besides the likely additional fiscal burden due to seventh pay commission. However, the Government, RBI and other concerned agencies are undertaking suitable measures for facing the same.

The Banking sector in India is growing, so is our Bank. However, there are some major issues before us. Assets quality remain a serious cause of concern for the Bank and Capital Adequacy, Profitability is under pressure along with greater challenge in increasing the NIM, decreasing the Cost of Deposit and improving the Return on Assets. Different measures at different levels are being taken up to face the challenges.

WORKING RESULTSTOTAL BUSINESSDuring the year ended 31.03.2016, total Business of the Bank recorded an increase of 3.31% at Rs.156527 crore as compared to Rs.151511 crore as on 31.03.2015.

PROFITThe Bank recorded a Net Profit of Rs.335.97 crore for the year 2015-16 as compared to that at Rs.121.35 crore during the FY 2014-15. The Return on Assets (ROA) stood at 0.34% as compared to that at 0.13% in the year 2014-15.

HIGHLIGHTS OF RESULTS FOR THE YEAR ENDED 31ST MARCH 2016 (Rs. in Lac)

Year Ended %age change31.03.2016 31.03.2015

Interest Income 874434 858855 1.81Other Income 47848 42875 11.60Total Income 922282 901730 2.28Total Expenditure 795293 824185 -3.51Operating profit 126989 77545 63.76Net Profit 33597 12135 176.86ROA 0.34% 0.13%Net Interest Margin (NIM) 2.22% 1.80%Gross NPA 6.48% 4.76%Net NPA 4.62% 3.55%Capital Adequacy Ratio (Basel II) 11.75% 11.88%Capital Adequacy Ratio (Basel III) 10.91% 11.24%EPS (Rs.) 8.39 3.59

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iwath ,oa vkjf{kfr;k¡fnukad 31-03-2015 dks cSad dh fuoy ekfy;r #- 4811-56 djksM+ ls c<+ dj fnukad 31-03-2016 dks #-5068-08 djksM+ gks xÃA fnukad 31-03-2016 dks cSad dk iwath i;kZIrrk vuqikr ¼cklsy III½ 10-91% gS tksfd fuèkkZfjr U;wure iwath i;kZIrrk vuqikr 9-625% ds fo#) gSA

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tek o`f)cSad dh dqy tek jkf'k;ksa esa 31 ekpZ] 2016 dks 5-23% dh o`f) gqÃ] ftlls #- 4535-24 djksM+ dh lao`f) ds lkFk ;g #- 91249-96 djksM+ gks xÃ tksfd fnukad 31-03-2015 dks #- 86714-72 djksM+ FkhA fnukad 31-03-2016 dks cSad dh vkSlr tek ykxr 7-47% jgh tksfd foxr o"kZ 8-21% FkhA

vfxze fnukad 31-03-2016 dks cSad ds dqy vfxze 0-74% dh o`f) ds lkFk #- 65277-22 djksM+ jgs tksfd fnukad 31-03-2015 dks #- 64796-42 djksM+ FksA fnukad 31-03-2016 ds vuqlkj vfxzeksa ij vkSlr çfrQy 10-70% jgk tksfd foxr o"kZ 11-12% FkkA

çkFkfedrk {ks= vfxzecSad jk"Vªh; çkFkfedrk ds varxZr fofHkUu y{;ksa dks fujarj egRo nsrk jgsxkA çkFkfedrk {ks= ds varxZr dqN eq[;&eq[; ckrsa fuEu çdkj gS%

fnukad 31-03-2015 dks çkFkfedrk {ks= vfxze #- 20234 djksM+ dh rqyuk esa o"kZ 31-03-2016 dh lekfIr ij #- 4274 djksM+ ¼21-12%½ dh o`f) ntZ djrs gq, #-24]508 djksM+ gks x,A

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fnukad 31-03-2015 dks cSad ds —f"k vfxze esa #- 9064 djksM+ dh rqyuk esa o"kZ 31-03-2016 dh lekfIr ij #- 2101 djksM+ ¼23-18%½ dh o`f) ntZ dh tks #-11165 djksM+ gks x,A

vkjchvkÃ ds fuèkkZfjr y{; 7-00% dh rqyuk esa cSad dk NksVs vkSj lhekar fdlkuksa dks vfxze #- 4663 djksM+ jgk tksfd dqy vfxze dk 7-01% gSA

foÙkh; o"kZ 2015&2016 esa o"kZ nj o"kZ ds 15-69% dh o`f) ds lkFk cSad dk —f"k {ks= esa _.k dk çokg #- 9056 djksM+ dh rqyuk esa #- 10012 djksM+ ¼110-56%½ jgkA

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31-03-2015 o"kZ ds var esa xzkeh.k fodkl ea=ky; }kjk rhu esa ls nks vkj,lÃVhvkÃ tksfd eksxk vkSj QjhndksV esa gSa] dks loksZPp xzsM ^AA* fn;k x;k vkSj mUgsa xzkeh.k csjkstxkj ;qodksa ds çf'k{k.k nsus gsrq ljdkjh vuqnku çkIr djus ds fy, ik= cuk;k x;k gSA

çkFkfedrk {ks= ds fn'kkfunsZ'k ij Ã&cqd rS;kj dj bls cSad ds osclkbV ij viyksM dj fn;k x;k gSA

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Punjab & Sind Bank


CAPITAL & RESERVEThe Net Worth of the Bank has improved from Rs.4811.56 crore as on 31.03.2015 to Rs.5068.08 crore as on 31.03.2016. The Capital Adequacy Ratio (Basel III) of the Bank is 10.91% as on 31.03.2016 against the minimum stipulated requirement of 9.625%.

UNSECURED REDEEMABLE BONDS: (Subordinated Debts for Tier –II Capital)Total outstanding of Tier II Bonds as on 31.03.2016 remains unchanged at Rs.1,325 crore.

DEPOSIT GROWTHThe total deposit of the Bank registered a growth of 5.23% with net accretion of Rs. 4535.24 crore to reach Rs. 91249.96 crore as on March 31, 2016 from Rs. 86714.72 crore as on March 31, 2015. The average cost of deposits of the bank stood at 7.47% as compared to 8.21% in previous year.

ADVANCESThe Bank’s Advances increased by 0.74% from Rs. 64796.42 crore as on 31.03.2015 to Rs. 65277.22 crore as on 31.03.2016. The average yield on advances stood at 10.70% as on 31.03.2016 compared to 11.12% during the last year.

PRIORITY SECTOR ADVANCESThe Bank continues to accord importance to various goals under national priority. Some of the highlights under Priority Sectors Advances are as under:

Total Priority Sector Advance increased to Rs. 24508 crore as on 31.03.2016 from Rs. 20234 crore as on 31.03.2015 registering a growth of Rs. 4274 crore (21.12%).

Total Priority Sector advance increased from 34.55% of ANBC to 36.86% of ANBC on Y-o-Y basis as on 31.03.2016, an increase of 2.31%.

Bank’s Agriculture advance increased by Rs. 2101 crore (23.18%) to Rs. 11165 crore as on 31.03.2016 from Rs. 9064 crore as on 31.03.2015.

Bank’s advance to Small & Marginal Farmers increased to Rs. 4663 crore which is 7.01% of total advance against the RBI stipulated target of 7.0%.

Bank’s flow of credit to agriculture for FY 2015-16 was to the tune of Rs. 10012 crore against the target of Rs. 9056 crore (110.56%) registering an Y-o-Y growth of 15.69%.

The Bank has issued RuPay Debit Cards in 1.84 lac KCC accounts against the total operative KCC accounts of 1.91 lac (94.02%) as on 31.03.2016.

The Bank has opened another 6 FLCs at block level in Punjab thus raising total number of FLCs to 12 as on 31.03.2016.

Two of three RSETI i.e. Moga and Faridkot were given highest grade ‘AA’ by Ministry of Rural Development for the year ended 31.03.2015 making them eligible for Govt grants for training of rural unemployed youth.

E-book on Priority Sector guidelines prepared and put on Bank’s website.

A comprehensive Booklet on documentation and appraisal of MSE loan prepared and put on Bank’s website.

The Bank has also achieved sub target for lending to Minority Community.

CREDIT MONITORING The Bank had setup a Control Room for proper and effective monitoring of large accounts and to check fresh slippages, with exposures above Rs. 50 lacs at HO level. To further strengthen the monitoring, separate Control Rooms have now been set up at Zonal Offices level to monitor all standard borrowal accounts from Rs.5.00 lac upto Rs. 50.00 lac. Restructuring of eligible cases are being undertaken as per Bank/RBI guidelines.In order to supplement the aforesaid, various policy related initiatives have also been taken by the Bank which inter-alia include implementation of Framework for Revitalizing Distressed Assets in the Economy for Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for lenders, guidelines on refinance by way of flexible structuring/take out financing, Classification and reporting of borrower as non-cooperative borrower etc.

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ih,etsMhokÃ esa dqN mR—"V miyfC/k;kW çkIr dh gSaA rRi'pkr] lkIrkfgd@ikf{kd ohlh cSBdksa esa thjks cSysal [kkrksa dks de djus] O;olkf;d çfrfufèk;ksa }kjk fd, x, ysu&nsuksa vkSj vkÃvkÃch,Q }kjk O;olkf;d çfrfufèk;ksa dks çek.khdj.k ds lacaèk esa gekjs cSad dh dÃ ckj ç'kalk dh xÃA

Û gekjs vkjvkjch ds O;olkf;d çfrfufèk vkÃvkÃch,Q }kjk 100% çekf.kr gSa vkSj gekjs cSad ds 98% ¼lHkh cSadksa ls T;knk½ O;olkf;d çfrfufèk bf.M;u baLVhVîwV v‚Q cSaÇdx ,aM Qkbusal }kjk çekf.kr gSaA

Û Hkkjrh; cSad la?k us iatkc ,.M Çlèk cSad dks vkjvkjch O;olkf;d çfrfufèk;ksa ds 100% çek.khdj.k vkSj gekjs cSad ds 95% O;olkf;d çfrfufèk ds çek.khdj.k ds fy, cèkkÃ;ka nh vkSj nwljs cSadksa dks iatkc ,.M Çlèk cSad dk vuqlj.k djus dh lykg nhA

Û cSad us foÙkh; lekos'ku ds varxZr foÙkh; lk{kjrk gsrq vkoafVr xkaoksa esa 32600 xzkeh.k O;fä;ksa ds fy, vc rd 516 ls vfèkd dSEiksa dk vk;kstu fd;kA rRi'pkr foÙkh; lekos'ku ds varxZr vkoafVr xkaoksa dks lfEefyr djus ds fy, cSad us foÙkh; lk{kjrk dSEiksa ds }kjk foÙkh; lk{kjrk çnku djus gsrq vfHk;ku pyk;kA

Û cSad us ,Vh,e@ekbØks ,Vh,e ds vksVkses'ku }kjk ih,etsMhokÃ vksoj Mªk¶V dks lQyrkiwoZd fØ;kfUor fd;k gSA orZeku esa 'kk[kkvksa ds ekè;e ls 81524 vksoj Mªk¶Vksa dh laLoh—fr nh xÃ gSA

Û gekjs ekbØks ,Vh,e ,Ãih,l vkSj #is fiuiSM l{ke gSa tks xzkeh.k xzkgdksa dks muds ck;kseSfVªd ;k #is MsfcV dkMZ }kjk var% vkSj varj cSad ysu&nsuksa dks djus esa lgk;rk djrs gSaA

Û çèkkuea=h eqæk ;kstuk ds varxZr #- 570 djksM+ ds fuèkkZfjr y{; dh rqyuk esa cSad us #- 465-85 djksM+ dk _.k fn;k tksfd dsihvkÃ ds 75% ds y{; dh rqyuk esa 81-73% jgkA eqæk _.k ds f'k'kq laoxZ ds varxZr #- 60 djksM+ ds y{; dh rqyuk esa cSad us #- 95-93 djksM+ laforfjr djrs gq, y{; dks ikj dj fn;kA

[kqnjk _.kcSad us vkØedrk ls [kqnjk _.k esa lkgl fd;k gS vkSj [kqnjk _.k [kaM ds varxZr mRiknksa dh uhfr dks mnkj cuk;k gS rFkk ckt+kj esa mRiknksa dks çfrLièkÊ cukus ds fy, C;kt njksa dks vkSfpR;iw.kZ cuk;k gSA cSad us foÙkh; o"kZ 2015&16 ds nkSjku rhu uÃ uoksUes"kh ;kstukvksa dks vkjaHk fd;k gS vFkkZr ih,lch vkoklh; _.k V‚i&vi ;kstuk] ih,lch ^xzks ,.M Iks* vkoklh; _.k ;kstuk rFkk dkS'ky _.k ;kstukAblds vfrfjä] vkokl _.k] v‚Vks _.k rFkk miHkksäk _.k {ks= ds varxZr ÞQsfLVoy cksukUtk Ldheß dk 'kqHkkjaHk fd;k x;kA fnukad 31-03-2016 dks [kqnjk _.k dk cdk;k 6492 djksM+ gS vkSj ftlds dkj.k fiNys o"kZ dh rqyuk esa] bl o"kZ ds nkSjku [kqnjk _.k esa 24 çfr'kr dh o`f) ntZ dh xÃAfnukad 31-03-2016 dks [kqnjk _.k] ldy vfxzeksa dk 9-93 çfr'kr FkkA

Punjab & Sind Bank


ACHIEVEMENTS UNDER PRADHAN MANTRI JAN DHAN YOJNA & MUDRA YOJNA• The Bank has opened 12.76 lac accounts through Branches and 351 BCs and mobilized CASA/FD/RD deposit of Rs.468.43 crore ,

with average deposit per account Rs.3672.

• Total Business generated by BCs is about Rs. 187 Crore, which include Recovery in 1659 NPA/TWO accounts amounting to Rs.6.96 crore.

• All our BCs worked whole heartedly to bring Insurance Business under three Social Security Schemes (PMJJBY, PMSBY & APY) and brought 1,41,101 policies during 2015-16 and also earned Rs.10.94 lac as commission for bringing this business.

• The Bank has received 107 lac entries under DBT/DBTL and amount received is Rs.407 crore, which forms part of CASA deposits and that too without any front end efforts. Bank has earned a revenue of Rs. 27 lacs up to March 2016 , under DBT/DBTL.

• During the financial year 2015-16, the Bank received sum of Rs.32.80 lacs as Miscellaneous income for 5.46 lac enrollments done through M/s Matrix Processing House.

• The Bank has so far received subsidy amount of Rs.27.45 lacs from UIDAI for 183 MicroATMs and subsidy claim for 27 more machines for Rs.4.05 lacs is under process with UIDAI. Our bank is one of few Public Sector Bank to receive such Subsidy from UIDAI for PoS machines. Out of 351 BC, 210 i.e. about 60% BCs have completed more than 2000 transactions.

• The Bank has introduced a system of awarding ten star performing BCs every quarter with cash rewards of Rs.1100/- and an appreciation letter.

• Some of our women BCs (out of total 351 BCs, 57 are women BCs) having outstanding performance.

• Total Zero Balance accounts in PMJDY are at 0.35% against industry average of 27% (lowest among all banks).

• Director, Mission office, DFS/MOF shared with all CMD/CEOs of bank, that PSB has achieved some remarkable milestones in PMJDY. Further our bank is appreciated many times during the weekly/fortnightly VC meetings for reducing zero balance accounts, BC transactions and Certification of BCs by IIBF.

• 100% BCs of our RRB are certified through IIBF and 98% BCs of our Bank are certified through Indian Institute of Banking & Finance (highest among all banks).

• The IBA has also congratulated Punjab & Sind Bank for achieving 100% certification of RRB BCs and 95% BCs certification of our Bank and exhorted other banks to emulate the achievements of the Punjab & Sind Bank.

• The Bank has so far organized more than 516 Camps for Financial Literacy in FI allotted villages covering 32600 rural persons. Further Bank has started campaign to cover all the FI allotted villages by imparting financial literacy through Financial Literacy Camps.

• The Bank has successfully implemented PMJDY OD through automation i.e. through ATMs/MicroATMs. At present 81524 ODs are sanctioned by the branches.

• Our MicroATMs are AEPS & RuPay PINPAD enabled, helping rural customers to do intra and inter Bank transactions using their biometrics or RuPay Debit cards.

• The Bank made advance to the tune of Rs. 465.85 crore against the target of Rs. 570 crore under Pradhan Mantri Mudra Yojana which is 81.73% against the KPI target of 75%. Bank made disbursement to the tune of Rs. 95.93 crore against the target of Rs. 60 crore under Shishu category of MUDRA loans, surpassing the given target.

RETAIL MARKETINGThe Bank aggressively ventured into Retail Lending and liberalized the policy for products under the Retail segment and rationalized the interest rates to make the products most competitive in the market. The Bank launched three new innovative schemes viz. PSB Housing Loan Top-up Scheme, PSB ‘Grow & Pay’ Housing Loan Scheme & Skill Loan Scheme during the FY 2015-16. Further, Festival Bonanza Scheme offering concessions under the Housing Loan, Auto Loan and Consumer Loan segments was launched. The Retail Lending outstanding as on 31.03.2016 is Rs 6492 crore and thereby, Retail Lending has registered a business growth of 24% over the previous year.

The percentage of Retail advances to gross advances was 9.93% as on 31.03.2016.

iatkc ,.M fla/ cSad


foi.ku ,oa chekcSad us Hkkjr ljdkj dh lksojsu xksYM ckUM ;kstuk esa Hkkx fy;kA cSad us J`a[kyk II esa vfHknku jkf'k ds vuq#i vfHknku çkIr djus okys vfHkdj.kksa esa NBk LFkku çkIr fd;k vkSj J`a[kyk III esa cSad us ik¡pok LFkku çkIr fd;kA cSad us cgqr cM+s cSadksa] lkoZtfud {ks= ds cSadksa ds lkFk&lkFk futh cSadksa dks ihNs NksM+rs gq, fof'k"V LFkku çkIr fd;k gSA

cSad us vkÃ-vkj-Mh-,-vkÃ- ds uohure fn'kk&funsZ'kksa ds vuqlkj d‚iksZjsV ,tsalh O;olk; ij uhfr cukÃ gSA

ubZ igy Û cSad us leLr dSisDl ,Vh,e esa ean –f"V okyksa ds fy, l‚Y;w'ku¼cksyus okys½ vkjEHk fd;kA Û cSad us y?kq Lrj dh Ãdkb;ksa ds fy, eqæk dkMZ vkjaHk fd;kAÛ cSad us #is MsfcV dkMZ ,oa ekLVj MsfcV dkMZ }kjk v‚uykbu [kjhnnkjh ds fy, Ã&d‚elZ dk lw=ikr fd;kA Û cSad us vkjchvkÃ ds fn'kkfunsZ'kksa ds vuqlkj lHkh çdkj ds #is vkSj ekLVj MsfcV dkMZ esa Ã,eoh fpi dkMZ tkjh djus dh 'kq#vkr dhA Û cSad us ,QMhvkj cdk;k] fuf"Ø;@vçHkkoh dklk@dsokÃlh lekiu vuqLekjd@_.k fd'rksa lacaèkh psrkouh@_.k C;kt nj esa

ifjorZu lwpuk gsrq ,l,e,l ,yVZ dh 'kq#vkr dhA Û cSad us Þthou çek.kß&isa'kuHkksxh }kjk ck;ksesfVªd lR;kiu] fjeksV IokbaV] ,oa fMftVy thou çek.k i= ftldk ,uvkÃlh ds dsUæh;

laxzg esa j[kj[kko fd;k tkrk gS] dks ykxw fd;k gSA Û cSad us 58 fof'k"V ,e,l,eÃ 'kk[kkvksa dks ukfer fd;k ftlls fof'k"V ,e,l,eÃ 'kk[kkvksa dh dqy la[;k 108 gks xÃ gSA Û cSad us ,e,lÃ _.k ds çys[khdj.k ,oa leh{kk gsrq ,d foLr`r cqdysV rS;kj dh gS vkSj bls osclkbV ij miyCèk djk fn;k gSA Û —f"k e'khuhdj.k tSls VªSDVj@dackbZu gkosZLVj@i‚oj fVyj@jhij@Vª‚yh@iqjkus VªSDVjksa@vkStkjksa bR;kfn gsrq foÙk iks"k.k ds fy,

uÃ ;kstuk ykxw dhA Û fdlkuksa ds fy, nksifg;k@thi@dkj@fo'ks"k ;wfVfyVh fOgdy¼,l;woh½ ds foÙk iks"k.k gsrq uÃ ;kstuk ykxw dh xÃA Û cSad us Þeqæk ;kstuk ds varxZr Ã& fjD'kkß ds foÙk iks"k.k gsrq ,d uÃ ;kstuk dh 'kq#vkr dhA Û cSad us eqæk _.k vkSj dslhlh fyfeV ij C;kt njksa dks vkSfpR;iw.kZ cuk;k gS vkSj #-3-00 yk[k rd ds dslhlh ij çlaLdj.k 'kqYd

dks lekIr dj fn;k gSA Û 'kk[kk çcaèkdksa ¼Ldsy I,II vkSj III½ dh _.k çnku djus dh foosdkèkhu 'kfä;ksa dks i;kZIr #i ls c<k;k x;k gS rkfd 'kk[kk Lrj ij

vfèkdre la[;k esa _.k vkosnu dk fuLrkj.k fd;k tk ldsA Û cSad ds osclkbV www.psbindia.com ij ,Q,ylh@ vkjlsVh osc iksVZy dk yksdkiZ.k fd;k x;kA Û foÙkh; o"kZ 2015&2016 esa cSad us 32 'kk[kk,a [kksyh gSA Û cSad us foÙkh; o"kZ 2015&2016 dks Þdklk o"kZß ds #i esa euk;k vkSj fnukad 31-03-2015 ds tek jkf'k esa dklk dk çfr'kr 21-53%

dh rqyuk esa fnukad 31-03-2016 dks c<dj 22-72% gks x;k gSA

iqjLdkj ,oa miyfCèk;kaÛ ,lkspSe us cSad dks y?kq cSad dh Js.kh esa lkekftd cSaÇdx mR—"Vrk vokMZ] 2015 ¼xzkeh.k cSaÇdx½ ls lEekfur fd;kAÛ o"kZ 2015&16 ds nkSjku] cSad us y?kq cSadksa dh Js.kh ds varxZr ,u-,Q-,l- mRikn ds fy, Jh vkj- xkaèkh] mi jkT;iky] Hkkjrh; fjt+oZ

cSad ls jk"Vªh; Hkqxrku mR—"Vrk iqjLdkj] 2015 dk la;qä mi fotsrk dk iqjLdkj çkIr fd;kAÛ ljdkjh lksoju xksYM ckaM ;kstuk esa vfHknku dh 'krks± ds vuqlkj] gekjk cSad çFke 10 çkIrdrkZ ,tsafl;ksa esa 'kkfey gSAÛ xzkeh.k fodkl ea=ky; us o"kZ 2013&14 dh Js.kh II ds varxZr ÞAAß xzsM çkIr djus ij cSad çk;ksftr vkjlsVh] QjhndksV vkSj eksxk

dks mR—"Vrk vokMZ fn;kAÛ cSad dh Çgnh if=dk jktHkk"kk vadqj dks fnYyh cSad uxj jktHkk"kk lfefr }kjk çFke iqjLdkj ls lEekfur fd;k x;kA if=dk dks

o"kZ 2015 dk vkÃlhÃ vokMZ Hkh çkIr gqvkAÛ Çgnh esa vPNk dke djus ds fy, cSad dks fnYyh] iVuk] cSaxyw#] pSUuS] tksèkiqj] dksydkrk] fHkykÃ vkSj i.kth¼xksok½ esa lacafèkr uxj

jktHkk"kk dk;kZUo;u lfefr;ksa }kjk jktHkk"kk 'khYMsa çnku dh xb±AÛ cSad dh g‚dh Vhe us thrh%

d- vf[ky Hkkjrh; ,l- ,u- oksgjk xqjehr Çlg g‚dh çfr;ksfxrk [k- vf[ky Hkkjrh; usg# g‚dh çfr;ksfxrk

Punjab & Sind Bank


MARKETING AND INSURANCEThe Bank participated in the Sovereign Gold bond Scheme of Government of India. Bank was on sixth position among the receiving agencies in terms of subscription amount in Trenche-II and in Trenche-III the Bank secured the fifth position. Bank had the distinction of stealing march over very big Banks, PSBs as well as private.

Bank formulated the policy on Corporate Agency Business as per the IRDAI’s latest guidelines.

NEW INITIATIVES• Bank has implemented solution for Visually Impaired (Talking facility) in all Capex ATMs. • Bank has Introduced Mudra Card for small scale units. • Bank has Implemented e-commerce in the Bank for online purchase through RUPAY Debit Card and Master Debit Card.• Bank has started issuing EMV Chip cards as per RBI guidelines in all variants of Rupay & Master Debit Cards. • Bank has started SMS alerts on Overdue FDR, Dormant / Inoperative CASA/KYC expiry reminder / Loan installment due alerts/

Loan ROI change Alerts.• Bank has implemented “Jeevan Praman” - biometric authentication by the pensioner, remote point and creation of digital life

certificate which is maintained in a central repository in NIC.• Bank designated 58 branches as Specialized MSME branches thus raising total specialized MSME branches to 108.• A comprehensive Booklet on documentation and appraisal of MSE loan prepared and put on Bank’s website.• New Scheme launched on financing of Farm Mechanization i.e. financing of Tractor/Combine Harvester/Power Tiller/Reaper/

Trolley/Old Tractors/implements etc.• New scheme on financing Two wheeler/Jeep/Car/Special Utility Vehicles (SUV) for Agriculturist introduced.• Bank launched a new scheme on “Financing of E-Rickshaw under MUDRA Scheme”• Bank rationalized rate of interest on MUDRA loans and KCC limits and waived processing fee on KCC upto Rs. 3.00 lac.• Discretionary lending powers of Branch Manager (Scale I, II and III) were increased substantially to facilitate disposal of

maximum number of loan applications at branch level itself. • FLC/RSETI Web Portal launched at Bank’s website www.psbindia.com• Bank has opened 32 new branches in FY 2015-16.• Bank celebrated the FY 2015-16 as “YEAR OF CASA” and CASA % to Deposits has increased from 21.53% as on 31.03.2015 to

22.72% as on 31.03.2016.

AWARDS & ACHIEVEMENTS• Social Banking Excellence Award -2015 was conferred on the Bank by ASSOCHAM under Small Bank Class & Rural Banking

category for providing Rural Banking services.• The Bank received Joint Runners up award in Small Banks category for NFS product from Sh. R Gandhi. Deputy Governor, RBI

at National Payment Excellence Awards 2015.• In Government’s Sovereign Gold Bond Scheme, Bank figured among top 10 receiving agencies in terms of subscription.• Ministry of Rural Development awarded Certificate of Excellence to Bank sponsored RSETI, Faridkot and Moga securing “AA”

grade under category II for the year 2013-14.• Bank’s Hindi Magazine ‘RAJBHASHA ANKUR’ was awarded 1st Prize by Delhi Bank Town Official Language Implementation

Committee. Magazine was also awarded ICE Award for the year 2015. • For Official Language Implementation, Bank was awarded Rajbhasha Shields in Delhi, Patna, Bengluru, Chennai, Jodhpur,

Kolkata, Bhilai and Panjim(Goa) by respective Town Official Language Implementation Committees.• The Bank’s Hockey Team won:

a. All India S.N. Vohra Gurmit Singh Hockey Tournamentb. All India Nehru Hockey Tournament

iatkc ,.M fla/ cSad


vkfLr xq.koÙkk

cSad us vutZd vkfLr;ksa ij fu;a=.k ds fy, vusd ç;kl fd, gSa rFkk fofèkd lkèkuksa ,oa ckrphr ij vkèkkfjr le>kSrksa lfgr olwyh ds lHkh miyCèk lkèkuksa dk ç;ksx fd;k gSA cSad us foÙkh; vkfLr;ksa dk çfrHkwfrdj.k vkSj iquxZBu rFkk çfrHkwfr fgr dk çorZu vfèkfu;e] 2002 ds çkoèkkuksa dk çHkkoh #i ls ç;ksx fd;kA cSad us bl foÙkh; o"kZ esa fofHkUu dsaæksa ij olwyh dSEiksa dk vk;kstu fd;kA o"kZ ds nkSjku cSad dh olwyh çcaèku ;kstuk ds vfrfjä xSj fu"ikfnr [kkrksa ds —f"k {ks= ds varxZr vutZd vkfLr;ksa ds fuiVku gsrq rFkk vlqjf{kr rduhdh cês&[kkrksa ds fuiVku gsrq nks vYikofèk ;kstukvksa dk fu#i.k fd;k x;kA lHkh 1366 ekeyksa dk #-39-28 djksM+ esa fuiVku gqvkA

o"kZ ds nkSjku xSj&fu"ikfnr [kkrksa esa cSad dh olwyh vPNh jghA olwyh ds fy, fd, x, vFkd rFkk dsfUær ç;klksa ds QyLo#i #-49-68 djksM+ dh rduhdh cêk [kkrksa esa olwyh lfgr dqy #- 945-90 djksM+ #-dh olwyh dh tk ldhA

cSad u, xSj fu"ikfnr [kkrksa esa c<+ksÙkjh dks jksdus esa lQy jgk gSA ifj.kkeLo#i dqy rFkk fuoy ,uih, fnukad 31-03-2015 ds #- 3082-19 djksM+ rFkk #- 2260-00 djksM dh vis{kk Øe'k% #- 4229-05 djksM+ rFkk #- 2949-47 djksM+ jgkA

31-03-2016 dks xSj&fu"ikfnr vkfLr;ksa dh ldy ,oa fuoy fLFkfr vFkkZr~ fiNys o"kZ dh rqyuk esa fuEukuqlkj gS &¼jkf'k djksM+ esa½

,uih, 31-03-2015 dh fLFkfr vuqLkkj 31-03-2016 dh fLFkfr vuqLkkj

ldy 3082-19 4-76% 4229-05 6-48%fuoy 2266-00 3-55% 2949-47 4-62%

fnukad 31-03-2016 dks cSad dk çkoèkku lqj{kk vuqikr ¼rduhdh cêk [kkrksa lfgr½ 48-26% jgkA

fuos'k çcaèku rFkk fons'kh fofue;

31-03-2016 dks cSad dh d‚jiksjsV {ks= dh vko';drk] tksf[ke laxzg ,oa fuos'k uhfr ds vuq#i fuos'k&lwph ljapuk lfgr cSad dk ldy fuos'k #-27693-40 djksM+ FkkA

ekpZ 2015 dks lekIr o"kZ esa ljdkjh çfrHkwfr;ksa rFkk xSj lkafofèkd pyfufèk vuqikr çfrHkwfr esa VªsÇMx xfrfofèk;ksa ls ykHk #- 133-60 ls c<dj lekIr o"kZ 31-03-2016 esa #- 140-10 djksM+ x;kA

o"kZ 2014&15 dh rqyuk esa fofue; ykHk #- 26-51 djksM+ ls c<+dj o"kZ 2015&16 esa c<+ dj #- 30-34 djksM+ gks x;kA bl çdkj] 14-45% dh o`f) ntZ dh xÃA

tksf[ke çca/ku

cSad us ;g lqfuf'pr djus ds fy, fd mlds tksf[ke] ifjHkkf"kr tksf[ke {kerk ds Hkhrj gSa vkSj mudh i;kZIrj #i ls fuxjkuh dh tkrh gS] ds fy, ,d lq–<+ ,dh—r tksf[ke çcaèku ç.kkyh dks dk;Z#i fn;k gSA cSad esa tksf[ke {kerk rFkk çHkkoh tksf[ke çcaèku dk;e djus dk laiw.kZ mÙkjnkf;Ro cSad ds funs'kd eaMy ,oa cSad ds 'kh"kZLFk çcaèku ij gSA cSad dh lesfdr tksf[ke çcaèku ç.kkyh] ç-dk- tksf[ke çcaèku foHkkx ¼vkj,eMh½ ds egkçcaèkd }kjk fuxjkuh dh tkrh gSA

fuEufyf[kr 'kh"kZLFkk lfefr;ksa ds ekè;e ls tksf[ke çcaèku fd;k tkrk gS%

1- tksf[ke çcaèku lfefr ¼vkj,elh½ ,d cksMZ Lrjh; milfefrA

2- _.k tksf[ke çcaèku lfefr ¼lhvkj,elh½

3- vkfLr ,oa ns;rk,a çcaèku lfefr ¼,,ylhvks½

4- lapkyxr tksf[ke çcaèku lfefr ¼vksvkj,elh½

5- cktkj tksf[ke çcaèku lfefr ¼,evkj,elh½

6- vkÃlh,,ih ds vuqlkj iwathxr ;kstuk lfefr

;s lfefr;ka tksf[ke çcaèku lfefr ¼vkj,elh½@funs'kd eaMy }kjk vuqeksfnr lE;d ekxZn'kÊ funsZ'kksa rFkk uhfr;ksa dh ifjfèk esa viuk dke djrh gSA

Punjab & Sind Bank


ASSETS QUALITYThe Bank continued to make concerted efforts to contain NPAs and has used all available tools of recovery including negotiated settlements and legal means. The provisions of “The Securitization & Reconstruction of Financial Assets & Enforcement of Security Interest Act -2002” were used effectively. The Bank also organized Recovery Camps during the year at various centers. During the year, two short term schemes for settlement of NPAs were formulated under Agriculture Sector and unsecured T.W.O. accounts apart from Bank’s Recovery Management Policy. In all 1366 cases were settled at Rs. 39.28 crore.

The performance of the Bank under recovery of NPAs during the year continued to be good. The aggressive and focused efforts could result in the total recovery of over Rs. 945.90 crore including recovery of Rs. 49.68 crore in Technically Written Off Accounts.

Bank has been able to contain fresh slippage. As a result our gross NPAs and net NPAs as on 31.03.2016 have been contained at Rs. 4229.05 crore and Rs. 2949.47 crore respectively against Rs. 3082.19 Crore and Rs. 2266.00 Crore as on 31.03.2015.

The position of Gross and Net NPAs as on 31.03.2016 vis-à-vis previous year is as under: (Amount in Crore)

NPA As on 31.03.2015 As on 31.03.2016

Gross 3082.19 4.76 % 4229.05 6.48%

Net 2266.00 3.55 % 2949.47 4.62%

The Provision Coverage Ratio of the Bank (including T.W.O.A/Cs), as on 31.03.2016 stood at 48.26%.

INVESTMENT & FOREIGN EXCHANGEThe Bank’s total gross investment as on 31.03.2016 was Rs. 27693.40 crore, with a portfolio composition consistent with the corporate requirement, risk perception and investment policy of the Bank.

The profit on sale of securities for the year has increased from Rs. 133.60 crore for year ended March 2015 to Rs. 140.10 crore for the year ended 31.03.2016 on account of trading activities in G-sec and Non SLR securities.

The Exchange profit for the year has increased from Rs.26.51 crore in 2014-15 to Rs. 30.34 crore in 2015-16, registering a growth of 14.45%.

RISK MANAGEMENTThe Bank has put in place a robust and integrated Risk Management system to ensure that the risks assumed by it are within the defined risk appetites and are adequately monitored. The overall responsibility of setting the Bank’s risk appetite and effective risk management rests with the Board and apex level management of the Bank. The implementation of Integrated Risk Management System in the Bank is monitored by HO Risk Management Department (RMD) headed by General Manager.

Risk is managed through following Apex committees viz.

1. Risk Management Committee (RMC)- a board level subcommittee

2. Credit Risk Management Committee (CRMC)

3. Asset and Liabilities Management Committee (ALCO)

4. Operational Risk Management Committee (ORMC)

5. Market Risk Management Committee (MRMC)

6. Capital Planning Committee as per ICAAP

These committees work within the overall guidelines and policies approved by the Risk Management Committee (RMC) / Board.

iatkc ,.M fla/ cSad


uhfr&ra= cSad ds le{k tksf[keksa dk ekiu] çcaèku ,oa fu;a=.k djus ds fy, funs'kd eaMy }kjk vuqeksfnr uhfr;ka rFkk dk;Zfofèk;ka gSaA

cSad ds leLr çdkj ds tksf[keksa ds fo'ys~"k.k djus ds vkSj cSad ds lHkh tksf[keksa dks ,dh—r djus ds mís'; ls ,dh—r tksf[ke çcaèku uhfr rS;kj dh xÃ gSA vU; egRoiw.kZ tksf[ke uhfr;ksa esa vkfLr ns;rk çcaèku ¼,,y,e½ uhfr] _.k tksf[ke çcaèku uhfr] cktkj _.k çcaèku uhfr] ifjpkyuxr tksf[ke çcaèku ¼vksvkj,e½ uhfr] O;olk; fujarjrk ;kstuk ¼chlhih½ o vkink m)kj çcaèku ¼Mhvkj,e½ uhfr] LVªsl VsÇLVx uhfr] _.k tksf[ke de djus lacaèkh rduhdksa dh ç;ksx uhfr rFkk laikÆÜod çcaèku] vkarfjd iwath i;kZIrrk fuèkkZj.k çfØ;k ¼vkÃlh,,ih½A tksf[ke çcaèku lfefr@cksMZ ds }kjk okÆ"kd vkèkkj ij uhfr;ksa dh leh{kk dh tkrh gSA

cSad dk cklsy&II ds lkFk vuqikyuHkkjrh; fjt+oZ cSad ds fofu;ked fn'kk&funsZ'kksa ds vuqlkj cSad us 31-03-2009 dh çHkkoh frfFk ls u, iwath i;kZIrrk ÝseodZ dks viuk;k gSA cklsy&II ds vkèkkj ij cSad us iwath çHkkj dh lax.kuk ds fy, _.k tksf[ke gsrq ekud –f"Vdks.k] cktkj tksf[ke gsrq #ikarfjr vofèk –f"Vdks.k rFkk ifjpkyuxr tksf[ke gsrq ewy ladsrd –f"Vdks.k dks viuk;k gSA cSad us cklsy&III ds fn'kk&funsZ'kksa dks dk;kZfUor fd;k gS vkSj lhvkj,vkj dh lax.kuk 'kq# dh gS tks twu] 2013 ls çHkkoh gSA cSad ds funs'kd eaMy }kjk lhvkj,vkj dh frekgh vkèkkj ij leh{kk dh tkrh gSA cSad Hkkjrh; fjt+oZ cSad ds funsZ'kkuqlkj cklsy&II ds varxZr mUur –f"Vdks.k dh vksj vxzlj gksus ds fy, rS;kj gSA cklsy&II ds mUur –f"Vdks.k dh vksj vxzlj gksus rFkk cklsy&III ds fn'kk&funsZ'kksa ds dk;kZUo;u gsrq cSad esa foLr`r ladyu tksf[ke çcaèku m|e çfØ;k ¼ÃvkÃvkj,e,l½ dh LFkkiuk gsrq ,d ijke'kZnkrk dh fu;qfä dh xÃ gSA

vkbZ-lh-,-,-ih- uhfr cklsy&II o cklsy&III & LraHk 2& i;Zos{k.kh; leh{kk ,oa ewY;kadu çfØ;k ¼,lvkjÃih½ fo"k;d] Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuqikyu esa ;g lqfuf'pr djus ds fy, fd iwath vko';drk dk ewY;kakdu] cSad ds vkdkj] tfVyrk dk Lrj] tksf[ke çksQkby rFkk lapkyu dh ifjfèk ds vuq#i gS] vkarfjd iwath i;kZIrrk ewY;kadu çfØ;k ¼vkÃlh,,ih½ uhfr rS;kj dh xÃ gSA fofHkUu vof'k"V tksf[keksa dk fuèkkZj.k fd;k tkrk gS rFkk tgk¡ visf{kr gks ogk¡ vfrfjDr iwath miyCèk djkÃ tkrh gSA orZeku rFkk vuqekfur foÙkh;&iwathxr fLFkfr ds fo'ys"k.k rFkk xqatkb'k ds vkèkkj ij cSad dh iwathxr i;kZIrrk dk fuèkkZj.k fd;k tkrk gSA

fofHkUu LVªsl ifjfLFkfr;ksa ls gksus okys laHkkfor çHkkoksa dk cSad dh ykHkçnrk dh {kerk ds lanHkZ esa vk?kkr lgu djus rFkk cSad dh iwath ij blds ijorÊ çHkko ds ewY;kadu ds fy, LVªsl VSLV vH;k~l Hkh fd;k tkrk gSA vkÃlh,,ih ifj.kke frekgh vkèkkj ij rS;kj fd;k tkrk gS rFkk tksf[ke çcèku lfefr ¼vkj,elh½ }kjk bldh leh{kk dh tkrh gSA

çdVhdj.k cklsy&II o cklsy&III] LraHk&3 ^cktkj vuq'kklu* fo"k;d] Hkkjrh; fjt+oZ cSad ds ekxZn'kÊ funsZ'kksa ds vuqikyu esa cSad ds funs'kd&eaMy }kjk fofèkor~ vuqeksfnr çdVhdj.k uhfr ykxw dh xÃ gS vkSj bl uhfr ds vuqlkj frekgh@Nekgh@okÆ"kd vkèkkj ij bUgsa cSad dh osclkbV@okÆ"kd fjiksVZ esa çnÆ'kr fd;k tkrk gSA

_.k tksf[ke _.k&tksf[ke çcaèku çfØ;kvksa esa bldh igpku] vkdkj] _.k&dkjksckj ij fuxjkuh o fu;a=.k 'kkfey gSaA _.k&tksf[ke çcaèku lfefr ¼lhvkj,elh½ }kjk _.k&tksf[ke rFkk uhfr&fuekZ.k dk çcaèku fd;k tkrk gSA blds }kjk m|ksx] d‚iksZjsV] [kqnjk rFkk O;fä@lewg _.kdrkZvksa dh foosdiw.kZ lhekvksa dh fuxjkuh fu;fer #i ls dh tkrh gSA

d‚iksZjsV tksf[ke ds fy, _.k jsÇVx tksf[ke e‚My vkSj ,uch,Qlh _.k tksf[ke] fj;y LVsV ,oa [kqnjk _.k tksf[ke] [kqnjk _.kksa ds fy, tksf[ke fuèkkZj.k ls lacafèkr _.kksa dk ewY;kadu rFkk _.k jsÇVx] ,oa m|ksxksa@iksVZQksfy;ks dk vè;;u ,oa fo'ys"k.k ds fy, vkSj _.k jsÇVx ds mRçoklksa ds fy, ,d O;kid _.k jsÇVx ÝseodZ cuk;k x;k gSA

cklsy& II ds ekunaMksa ds fo"k; esa ifjpkyu Lrj ij tkx#drk QSykÃ tkrh gS rFkk iwath ds vuqdwy ç;ksx rFkk laj{k.k ds y{; dks çkIrd djus ds fy, bls fujarj #i ls c<+k;k tkrk gSA

cktkj tksf[ke cSad dk iksVZQksfy;ks C;kt&njksa rFkk eqæk&njksa esa ifjorZu ds QyLo#i cktkj tksf[ke ls çHkkfor gksrk gSA

vkfLr ns;rk çcaèku lfefr ¼,,ylhvks½ cktkj tksf[ke ls lacafèkr dke&dkt dh fuxjkuh djrh gSA cSad us fofHkUu cktkj tksf[ke ekiu&ç.kkyh o lkèkuksa dks ykxw fd;k gSA fofHkUu ifjlhekvksa dk dM+k vuqikyu rFkk mYya?kuksa esa o`f)] ;fn dksÃ gks] dk mfpr vuqlj.k fd;k tkrk gSA blds vfrfjä ,d eè;LFk dk;kZy; Hkh cuk gqvk gSA

Punjab & Sind Bank


POLICY FRAMEWORKThe Bank has Board approved policies and procedures in place to measure, manage and control various risks that the Bank is exposed to.

Integrated Risk Management Policy has been formulated with the objective of analyzing the overall risk profile of the bank and to integrate all the risks of the Bank. The other important risk policies comprise of Asset-Liability Management (ALM) Policy, Credit Risk Management Policy, Market Risk Management Policy, Operational Risk Management (ORM) Policy, Business Continuity Planning (BCP) & Disaster Recovery Management (DRM) Policy, Stress Testing Policy, Policy on Utilization of Credit Risk Mitigation Techniques & Collateral Management, ICAAP Policy. The policies are reviewed annually by the RMC / Board.

BANK’S COMPLIANCE WITH BASEL-IIIn terms of Regulatory Guidelines of Reserve Bank of India, the Bank has adopted the New Capital Adequacy Framework w.e.f. 31.03.2009. Based on Basel II norms, the Bank has adopted Standardized Approach for Credit Risk, Modified Duration approach for Market Risk and Basic Indicator approach for Operational Risk for computing the capital charge. The Bank has also implemented Basel III Guidelines and has started computing CRAR w.e.f. June 2013. The CRAR position of the Bank is reviewed by the Board on a quarterly basis. Bank has geared for moving towards advanced approaches under BASEL II as suggested by RBI. Bank has also appointed a Consultant for setting up Enterprise Wide Integrated Risk Management System (EIRMS) in the Bank for moving to Advance approaches of Basel II and implementation of Basel III Guidelines.

ICAAP POLICYIn compliance with the Reserve Bank of India guidelines on Basel II & Basel III – Pillar 2- Supervisory Review and Evaluation Process (SREP), the Internal Capital Adequacy Assessment Process (ICAAP) Policy has been formulated to assess the capital requirement commensurate with the size, level of complexity, risk profile and scope of operations of the Bank. Various residual risks are assessed and additional capital is provided for wherever required. The capital adequacy of the Bank is assessed based on the analysis of current and projected financial/capital position as well as the headroom available.

Stress Testing exercises are also undertaken to assess the likely impact of various stress situations in relation to capacity of Bank’s profitability to absorb the shock and consequent impact on Bank’s capital. The ICAAP outcome is prepared on half yearly basis and is reviewed by RMC.

DISCLOSURE:In compliance with the Reserve Bank of India guidelines on Basel II& Basel III – Pillar 3 – Market Discipline, the Bank has put in place a Disclosure Policy duly approved by the Board and the disclosures on quarterly / Half yearly / Annual basis, as per the policy, are displayed on the Bank’s Website / Annual Report.

CREDIT RISKCredit risk management processes involve identification, measurement, monitoring and control of credit exposures. Credit risk and its policy formulation is managed by Credit Risk Management Committee (CRMC). It regularly monitors prudential caps in different loan segments including industry, corporate, retail and individual/group borrowers.

Comprehensive credit rating framework comprising of Credit Risk Rating Models for Corporate Exposure, NBFC Exposure, Real Estate Exposure and Retail Exposure , pricing of loans linked to risk assessment and credit rating, study & analysis of industries/portfolio, migration of credit ratings is undertaken.

Awareness of Basel II norms at the operating level is created and continuously enhanced to achieve the aim of conservation and optimum use of capital.

MARKET RISKThe Bank’s portfolio is exposed to market risk on account of changes due to interest rates and currency rates. The Asset and Liabilities Management Committee (ALCO) is overseeing the functions relating to market risk. The Bank has put in place a variety of market risk measurement systems and tools. Strict adherence to various limits and proper escalation of breaches, if any, are followed. Moreover, a Mid Office is also in place.

iatkc ,.M fla/ cSad


rjyrk çcaèku ra= lqLFkkfir gS tksfd cSad ds leLr Hkqxrku nkf;Roksa dks ns; gksus ij iwjk djus ds lkeF;Z dks lajf{kr djrk gSA ;g cSad dh rjyrk tksf[ke dks igpkuus] ekius rFkk lapkyu djus ds fy, cuk;k x;k gSA

cSad] fofu;ked fn'kk&funsZ'kksa ds vuqlkj #ikarfjr vofèk i)fr dk mi;ksx djds ekudh—r –f"Vdks.k ds vuqlkj cktkj tksf[ke çHkkj dh lax.kuk djrk gSA cSad vius fons'kh fofue; iksVZQksfy;ks ij Hkh tksf[ke ewY; ¼oh,vkj½ dh x.kuk djrk gSA

cSad] laHkkO; ?kVukvksa ls mRiUu rjyrk vkSj C;kt&nj tksf[keksa ls gksus okys laHkkfor tksf[keksa dks mtkxj djus ds fy,] le;≤ ij LVªsl VsLV vH;kl djrk gSA fofHkUu&tksf[ke dkjdksa ds dkj.k [kkrs ij gq, vk?kkr dk çHkko] ftlds dkj.k cnrj fLFkfr mRiUu gks ldrh gS] dk vè;;u fd;k tkrk gS vkSj mlds çHkko dks nwj djus ds fy, laHkkO; gy fudkys tkrs gSaA

ifjpkyuxr tksf[ke ifjpkyuxr tksf[ke çcaèku lfefr ¼vksvkj,elh½ ifjpkyuksa ls tqM+s tksf[keksa ls lacafèkr ekeyksa ij fuxjkuh j[krh gS vkSj vkdfLed@vfuok;Z fLFkfr;ksa esa O;olk; dh lrr@iqu% LFkkiuk lqfuf'pr djrh gSA orZeku esa ifjpkyuxr tksf[ke lacaèkh iwath çHkkj ewy ladsrd –f"Vdks.k ds vuqlkj laxf.kr fd;k tkrk gSA cSad ifjpkyuxr tksf[ke dh lajpuk dks etcwr djus dh fn'kk esa dk;Z dj jgk gS rkfd ifjpkyuxr _.k tksf[ke ¼vksvkj,e½ ç.kkyh ifjpkyuxr tksf[ke iwath dh x.kuk ds mUur –f"Vdks.k dh vksj vxzlj gksus esa leFkZ gks ldsA cSad ds ikl y‚l MkVk çcaèku djus ds fy, cksMZ vuqeksfnr y‚l MkVk çcaèku ÝseodZ gS rkfd cSad dh lEiw.kZ ifjpkyu tksf[ke çcaèku uhfr¼vksvkj,e½ dks ykxw djus esa çcaèku gsrq U;wure ekud LFkkfir fd, tk lds vkSj foLr`r rFkk etcwr ifjpkyu y‚l MkVkcsl dks cuk;k tk ldsA

ekuo lalkèku çcaèku31-03-2016 dks laoxZ okj LVkQ dh la[;k fuEukuqlkj jgh%

Js.kh 31 ekpZ 2015 31 ekpZ 2016vfèkdkjh 6409 6632fyfid 2113 2202vèkhuLFk LVkQ 658 569dqy 9180 9403

fu;qfDr esa efgyk,a%

31-03-2016 dks gekjs dqy 9403 LVkQ lnL;ksa esa ls 2331 efgyk,a gSa tks dqy ;ksx dk 24-78% curh gSaA

vkjf{kr Js.kh ds dkÆedksa dks jkstxkj% cSad lekt ds vU; fiNM+s oxks± rFkk vuqlwfpr tkfr] tutkfr lacafèkr O;fä;ksa ds fgr ,oa fodkl ds çfr laoSèkkfud lqj{kk rFkk lkekftd y{; ds çfr cpuc) gSA cSad Hkkjr ljdkj }kjk laiw.kZ Hkkjr esa vkjf{kr inksa rFkk LFkkuh; HkÆr;ksa esa vkj{k.k uhfr ds lacaèk esa fuèkkZfjr fn'kk&funsZ'kksa dk vuqikyu djrk gSA

cSad esa vuqlwfpr tkfr@tutkfr ds dkÆedksa ds vkj{k.k ,oa vU; çkoèkkuksa dh fuxjkuh djus gsrq ,d fo'ks"k ,llh@,lVh d{k dh LFkkiuk dh xÃ gSA cSad ds ,llh@,lVh dkÆedksa dh lHkh lacafèkr ekeyksa esa f'kdk;r fuokj.k ds fy, rFkk fofHkUu fn'kk&funsZ'kksa ds vuqikyu dks lqfuf'pr djus ds fy, ,d dk;Zdkjh tksfd egkçcaèkd dh jSad dk gS] dks inukfer fd;k x;k gSA

fnukad 31-03-2016 dks ,llh@,lVh dkÆedksa dh dqy la[;k Øe'k% 1735 vkSj 567 gSA fofHkUu vkjf{kr Jsf.k;ksa ds vèkhu dkÆed la[;k fuEu gS%

Js.kh vuq- tkfr vuq- tutkfr vU; fiNM+k oxZ ,Dl&lÆolesu fnO;kaxvfèkdkjh 1057 474 1185 54 100fyfid 496 70 460 153 38vèkhuLFk LVkQ 182 23 29 92 11dqy 1735 567 1674 299 149

Punjab & Sind Bank


The Liquidity Management Framework is well established, which safeguards the ability of the Bank to meet all payment obligations when they come due. It is designed to identify measure and manage the liquidity risk position of the Bank.

The Bank is computing the market risk capital charge as per the Modified Duration approach, by using Modified duration method, as per the regulator’s guidelines. The Bank also calculates Value at Risk (VaR) on its foreign exchange portfolio.

The Bank periodically undertakes stress test exercise to highlight the potential risks, on account of liquidity & interest rate risk that may arise due to events that are rare but plausible. The impacts of shock on account of different risk factors that may generate worst case scenario are studied and to counter the impact possible solutions are derived.

OPERATIONAL RISKThe Operational Risk Management Committee (ORMC) oversees the matters relating to risks associated with operations and ensures the continuity / restoration of business in the event of contingency / exigencies. Presently, capital charge on operational risk is calculated as per Basic Indicator Approach. The Bank is in the process of strengthening its ORM Framework & ORM systems so as to be able to migrate to advance approaches of calculation of Operational Risk Capital. The Bank has Board approved Framework for Loss Data Management to set minimum standards for management of Bank’s Operational Loss Data in order to comply with the overall Operational Risk Management (ORM) Policy of the Bank and facilitate creation of a robust and comprehensive Operational Loss Database.

HUMAN RESOURCE MANAGEMENT The cadre wise staff strength as on 31.03.2016 is as under:-

Category 31st March 2015 31st March 2016

Officers 6409 6632

Clerks 2113 2202

Sub-staff 658 569

Total 9180 9403

WOMEN IN EMPLOYMENT: - Out of the total strength of 9403 as on 31.03.2016, the women employees are 2331 constituting 24.78% of the total strength.

EMPLOYMENT TO RESERVED CATEGORY EMPLOYEES: - Bank is committed to the constitutional safeguards and social objectives for the development and welfare of persons belonging to SC, ST and other backward classes of the society. The Bank observes all guidelines stipulated by the Govt. of India in respect of Reservation Policy for reservation of Posts in recruitments.

A special SC / ST cell has been set up in the Bank to monitor the Reservation & other provisions for SC / ST employees. An executive in the rank of General Manager has been designated as Chief Liaison Officer for SC / ST employees who ensures compliance of various guidelines pertaining to SC / ST employees & takes care of all matters of grievance redressal of SC / ST employees of the Bank.

The staff strength of SC / ST employees stood at 1735 and 567 respectively on 31.03.2016. The staff strength under various reserved categories is as under: -

CATEGORY SC ST OBC EX-SM PWD

OFFICERS 1057 474 1185 54 100

CLERKS 496 70 460 153 38

SUB-STAFF 182 23 29 92 11

TOTAL 1735 567 1674 299 149

iatkc ,.M fla/ cSad


e`rd deZpkfj;ksa ds vkfJrksa dks vuqdaik ds vkèkkj ij fu;qfDr;ka rFkk vkÆFkd lgk;rk%&foÙkh; o"kZ 2015&16 ds nkSjku cSad us dkÆedksa ds nqHkkZX;iw.kZ e`R;q ij vuqdEik ds vkèkkj ij 2 O;fä;ksa dks ukSdjh çnku dhA e`rd deZpkfj;ksa ds vkfJrksa dks ;kstuk ds varxZr vuqdaik ds vkèkkj ij ukSdjh çnku djus ds LFkku ij cSad us 13 ekeyksa esa dqy 79]53]090@& #i, dh vuqxzg jkf'k dk Hkqxrku fd;kA

inksUufr;ka% &cSad o"kZ nj o"kZ yxHkx lHkh Jsf.k;ksa ds LVkQ lnL;ksa esa Js"B dk;Z&fu"iknu ¼Top performers½ djus okyksa dks iqjLdkj ds :i esa rFkk mUgsa vkSj ftEesokj inksa dks laHkkyus ds mís';ks ls inksUufr;‚a fu;fer #i ls djrk jgrk gSA

o"kZ ds nkSjku fuEufyf[kr inksUukfr;ka dh xb±%

oxZ ls inksUufr;k¡

meç ls eç

leç ls meç

eqç ls leç

oç ls eqç

çca/kd ls o-ç

vf/kdkjh ls çca/kd

fyfid ls vf/kdkjh

v/khuLFk ls fyfid

dqy

lkekU; 3 3 34 111 215 279 244 29 918fof'k"V & & 2 30 75 1 & & 108dqy 3 3 36 141 290 280 244 29 1026

çf'k{k.k vkSj ekuo lalkèku fodkl% çf'k{k.k] ekuo lalkèku fodkl dk ,d vfHkUu vax gSA cSaÇdx m|ksx esa orZeku çfrLièkÊ okrkoj.k esa LVkQ dks rduhd] çfØ;k vkSj i)fr] fofèkd igyqvksa esa gks jgs fodkl dh uohure tkudkfj;ksa ls voxr djk, j[kuk cgqr t+#jh gks x;k gSA

çf'k{k.k vkSj fu[kkj¼xzwÇex½ ,sls egRoiw.kZ dne gksrs gSa ftuls thoar laxBukRed laL—fr dh jpuk djus esa enn feyrh gS vkSj deZpkjh mRlkgh gks dj viuk dke csgrj <ax ls djus ds çfr çsfjr jgrs gSaA blls deZpkfj;ksa dh ;ksX;rk esa o`f) djus ,oa lgh dkS'ky vkSj Kku esa n{krk gkfly djus esa enn feysxh rkfd fofHkfUu oxks± ds xzkgdksa dh fujarj ifjoÆrr gksus okyh O;olkf;d vko';drkvksa dh iwÆr djus esa os l{ke gks ldsaA cSad }kjk lapkfyr çf'k{k.k dk;ZØe] cSad esa u, HkrÊ gq, dkÆedksa dh dk;Z&dq'kyrk ,oa Kku esa o`f) djus esa] rFkk laxBukRed mís';ksa ds fy, bldh orZeku dk;Z 'kfä dh fLFkfr ds iquÆoU;kl esa lgk;d fl) gq,] ftlls cSad] ns'k ds iw.kZr% rduhdh ,oa lsok çnkrk cSad ds #i esa ifjoÆrr gks ldsA

dkÆedksa ds Kku Lrj dks c<+kus ,oa çf'k{k.k rFkk fodkl dks vkSj vfèkd çsfjr djus gsrq cSad us ts,vkÃvkÃch ,oa lh,vkÃvkÃch ds fy, Ã&yÉux lkexzh çnku djus gsrq bf.M;u baLVhVîwV v‚Q cSaÇdx ,.M Qkbusal dks vius lkFk tksM+k gSA iBu lkexzh dks cSad ds baVªkusV lkbV esa iksVZy Þ,pvkjMh ç;kl% Ã&yÉuxß ds varxZr j[kk x;k gSA Ã&yÉux lkexzh lHkh LVkQ lnL;ksa dh igq¡p esa gSA

cSad us LVkQ lnL;ksa ds muds O;olkf;d dkS'ky dks fujarj fodflr djus ds fy, vkÃvkÃch,Q }kjk çLrkfor 21 çekf.kr ,oa fMIyksek ikBîØeksa ds lEiw.kZ ikBîØe 'kqYd dks çksRlkgu jkf'k ds :i esa çfriwfrZ dh tkrh gSA

foÙk ea=ky; ds fn'kkfunsZ'kksa ds ifjizs{; esa cSad us leLr vius dk;kZy;ksa@'kk[kkvksa esa fu;qä lHkh dkÆedksa dks vYikofèk esa ,d gh le; esa çf'k{k.k çnku djus ds fy, fofoèk osfcukj dk vk;kstu fd;k gSA

uo fu;qä dkÆedksa dks vfxzeksa ds fo"k; ij 'kk[kk Lrj ij iqu'p;kZ çf'k{k.k miyCèk djk;k x;kA

cSad us efgyk dkÆedksa ds l'kfädj.k ,oa muds dSfj;j ds fodkl ds fy, fof'k"V dne mBk, gSaA

foÙk o"kZ 2015&16 ds nkSjku cSad us vius 50% dkÆedksa dks çf'k{k.k nsus dk ç;kl fd;kA bl lanHkZ esa 1 vçSy 2015 ls 31 ekpZ 2016 ds chp lkekU; cSaÇdx ,oa daI;wVj o blls lacafèkr 266 çf'k{k.k dk;ZØe ih,lch lSaVj Q‚j cSaÇdx fjlpZ ,aM VªsÇux] paMhx<+] fuCld‚e uks,Mk rFkk v‚apfyd dk;kZy;ksa esa LFkkuh; çf'k{k.kksa ds ekè;e ls vk;skftr fd, x,A bl nkSjku fofHkUu laoxks± ds 7712 dkÆedksa dks çf'kf{kr fd;k x;kA

blds vfrfjä] 'kh"kZ Lrj ij 138 vfèkdkfj;ksa dks Hkh çf'k{k.k fn;k x;kA bl çdkj] foÙkh; o"kZ 2015&16 ds nkSjku cSad us fofoèk laoxks± ds 7850 dkÆedksa dks çf'k{k.k çnku fd;kA

vkS|ksfxd lacaèkcSad esa o"kZ ds nkSjku vkS|ksfxd lacaèk lkSgknZiw.kZ jgsA dkexkj vkSj vfèkdkjh ;wfu;uksa ds çfrfufèk;ksa us fodkl ,oa vU; eqíksa ij fofHkUu Lrjksa ij çcaèk ra= ds lkFk fopkj&foe'kZ esa Hkkx fy;k rFkk buds lekèkku ds fy, ç;Ru Hkh fd, x,A LVkQ lnL;ksa }kjk mBk, x, ifjoknksa ds fuokj.k ds fy, foÙk ea=ky; ls çkIr fn'kk funsZ'kksa ds vuqlkj ifjokn fuokj.k lfefr dk xBu Hkh fd;k x;kA

Punjab & Sind Bank


COMPASSIONATE APPOINTMENTS AND FINANCIAL ASSISTANCE TO THE DEPENDENTS OF DECEASED EMPLOYEES: - During the Financial year 2015-16, the Bank gave appointment to 2 persons on compassionate grounds on unfortunate death of employees. Further, the Bank made total payment of Rs 79,53,090/- in 13 cases towards financial assistance to the dependants of the deceased employees under the scheme for the payment of Ex-Gratia in lieu of appointment on compassionate grounds.

PROMOTIONS: - Bank is regularly promoting employees almost in all cadres year after year to keep on rewarding its top performers and make them assume higher responsibilities.

Following promotions have been effected during the year:-

Promotions from

DGM to GM

AGM to DGM

CM to AGM

SRM to CM

MGR to SRM

OFFICER to MGR

CLERK to OFFICER

SUB STAFF To CLERK TOTAL

General 3 3 34 111 215 279 244 29 918Specialist - - 2 30 75 1 - - 108Total 3 3 36 141 290 280 244 29 1026

TRAINING & HUMAN RESOURCES DEVELOPMENT: - Training is an integral part of human resources development. In the current competitive environment in the Banking industry, it is all the more important to keep the staff abreast of the latest developments in technology, system and procedures, legal aspects etc.

Training and grooming are important steps in creating a vibrant organizational culture in which employees are encouraged & motivated to perform better. It helps in augmenting the competencies of employees & equip them with the right skills & knowledge for meeting ever changing business needs of customers in different segments. The training programs organized by the Bank are geared towards integrating the new recruits into the Bank & in enhancing the skills, knowledge and for reorienting the attitude of its existing work force to the organizational objectives so as to transform the Bank to a technology & service driven Bank of the country.

To give further impetus to the training and development and enhance knowledge base of employees, bank has tied up with Indian Institute of Banking & Finance (IIBF) to provide e-learning material for JAIIB & CAIIB. The study material has been placed on bank’s Intranet site under the portal “HRD Initiative: E-learning”. All staff members have access to the e-learning materials.

To encourage staff members at continually upgrading their professional skills Bank has extended offer of incentives by reimbursement of the Full Course Fee of 21 Certified and Diploma courses offered by the IIBF.

In view of MoF guidelines Bank has conducted several Webinars to reach out to all staff members of all branches / offices at the same time to train them in a short span of time.

The newly recruited staff were provided Orientation Training on Advances at Branch Level.

The Bank has taken specific steps to empower its women employees and to plan their career growth.

The Bank endeavored to provide training to 50% of its employees during the Financial Year 2015-16. With this in view, 266 programs were conducted in General Banking & Computer related programs at CBRT Chandigarh, NIBSCOM, Noida & Locational trainings conducted at Zonal Offices in various fields from 1st April 2015 to 31st March 2016, in which training was imparted to 7712 employees of different cadres.

Besides, 138 Officers were also imparted training at Apex Level. Hence, Bank has imparted training to 7850 employees of different cadres during the financial year 2015-16.

INDUSTRIAL RELATIONS: - The industrial relations in the Bank remained cordial throughout the year. The representatives from Workers and Officers unions participated in various discussions on developmental and other issues with the management at various levels and efforts were made to resolve the same. A grievance Redressal Committee has also been formulated as per the guidelines received from Ministry of Finance to redress the grievances raised by staff members.

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mPp çcaèku us varjkZ"Vªh; efgyk fnol ds volj ij çèkku dk;kZy; esa dk;Zjr leLr efgyk dkÆedksa ds lkFk laoknkRed cSBd vk;ksftr dhA çèkku dk;kZy; ekuo lalkèku fodkl foHkkx Lrj ij ,d efgyk d{k dh LFkkiuk dh xÃ gS tks baVªkusV lkbV esa uo dfYir efgyk l'kfädj.k iksVZy c‚Dl dh ns[kHkky djsxkA cSad us efgyk dkÆedksa ds cSad dh çxfr esa vfèkdkfèkd lgHkkfxrk ds utfj, ls vkSj mUgsa mPpre nkf;Roksa dks xzg.k djus dh çsj.kk nsus ds fy, bl c‚Dl dh lajpuk dh gSA blds vfrfjä] iksVZy esa cSaÇdx Kku] QhMcSd@lq>ko] ;kfpdk] f'kdk;r ifjosnuk fuokj.k vkSj cSad dh efgyk dkÆedksa ls çkIr çf'k{k.k gsrq vuqjksèk fn, x, gSA

lhèkh HkrÊ%foÙkh; o"kZ 2015&2016 esa lsokfuo`fÙk dh pqukSfr;ksa] fujarj O;kikj o`f)] rFkk 'kk[kkvksa ds rhoz foLrkkj dks è;kru esa j[krs gq, cSad dh fofoèk ekuo'kfä 6 dh vko';kdrk dks ns[krs gq, fo'ks"kK ,oa ifjoh{kkèkhu nksuksa gh laoxZ ds vfèkdkfj;ksa dh HkrÊ dh xÃA

cSad dh HkrÊ ifj;kstuk o"kZ 2015&2016 ds nkSjku Ldsy I esa 14 jktHkk"kk vfèkdkjh] 634 ifjoh{kkèkhu vfèkdkjh] 2 —f"k {ks= vfèkdkjh rFkk fyfid oxZ esa 468 Çlxy ÇoMks v‚ijsVj&, us cSad esa dk;Zxzg.k fd;kA

dkÆed dY;k.kcSad dh dkÆedksa dks fodkl'khy xfrfofèk;ksa esa çHkkoh lgHkkfxrk djus gsrq mRlkfgr ,oa çksRlkfgr djus ds fy, fofHkUu dY;k.kdkjh ;kstuk,a gSaA o"kZ 2015&2016 ds nkSjku] cSad dh dÃ dY;k.kdkjh ;kstuk,a lQyrkiwoZd ykxw dh xÃ gSaA

lwpuk çkS|ksfxdhÛ fnukad 31-03-2016 dks cSad dh lHkh 1481 'kk[kk,a dksj cSaÇdx l‚Y;w'ku ij dk;Z dj jgh gSaA

Û 1477 'kk[kkvksa esa vkjVhth,l vkSj ,uÃ,QVh ds ekè;e ls ÃySDVª‚fud fufèk varj.k lqfoèkk miyCèk gSA

Û baVjusV cSaÇdx esa u;s dk;Z fodflr fd, x, gSa%&

d½ VSDl LVsVesaV 26 ,,l dks v‚uykbu ns[kuk

[k½ v‚uykbu psd cqd vuqjksèk

x½ ykHkkFkÊ ds us¶V Hkqxrku ds fy, ,l,e,l vyVZ

?k½ usV cSaÇdx }kjk vk;dj fjVuZl dk Ã&lR;kiu

M+½ baVjusV cSaÇdx esa VsEiy Mksus'ku

p½ Vh,uoh,Vh VSDl ykxw djuk

N½ 2,Q, tSls ihdsvkÃ dk;kZRedrk

Û cSad us baVjusV cSaÇdx esa 6 u, lewg tksM+s gS& is;w] isVh,e] lkbVªl] ,Vvkse] Vkbeeuh] baVjusV cSaÇdx esa uqlis-A

Û cSad us Ã&cSaÇdx ds ekè;e ls èku jkf'k LFkkukarj.k dh lhek #- 75]000-00 ls c<k+dj #- 2]00]000-00 dj nh gSA

Û eksckby cSaÇdx esa oSY;w ,MsM lsok,a%

d½ eksckby fjpktZ@MhVh,p fjpktZ@fcy Hkqxrku

[k½ vkÃ,eih,l

x½ Vsaiy Mksus'ku

?k½ Çgnh esa eksckby cSaÇdx ,i-

Û ik¡p b&y‚fc;ksa dks [kksyk x;k gSA

Û o"kZ 2015&2016 ds nkSjku bysDVª‚fud fMysojh pSuYl ds foLrkj gsrq cSad us 71 u, ,Vh,e dh LFkkiuk dh gSA fnukad 31-03-2016 rd cSad ds dqy ,Vh,e la[;k 1341 gSA

Punjab & Sind Bank


Top Management of the Bank held an interactive meeting with all the women staff working at Head Office on the occasion of the International Women’s Day. A Women Cell has been created at Head Office HRD Department to look after the newly conceived Women Empowerment Box Portal in the intranet site. The Box is created for women employees of the bank with a view to encourage them to participate more in the growth of the Bank and motivate them towards taking up higher responsibilities. Further, the portal contains Banking Knowledge, Feedbacks / Suggestions, Requests, Complaints, Grievance Redressal and Training Requests of Women employees of the Bank.

DIRECT RECRUITMENT: - The Bank launched recruitment drive to cater to the challenges of superannuation, sustained business growth and branch expansion during the financial year 2015-16, recruitment of both the Specialist Officers and Probationary Officers was done to address the diverse manpower requirement of the Bank.

During the financial year 2015-16, 14 Official Language Officers, 634 Probationary Officers, 2 Agriculture Field Officers in JMGS-I and 468 Single Window Operators-A in Clerical cadre have joined the Bank.

STAFF WELFAREIn order to motivate and encourage the staff for effective participation in development activities, the Bank is maintaining various welfare schemes for the Staff. During Financial Year 2015-16, welfare Schemes of the Bank were successfully implemented.

INFORMATION TECHNOLOGY• As on 31.03.2016, all 1481 branches are on Core Banking Solution.

• Electronic fund transfer facility through RTGS & NEFT is available in 1477 branches.

• New functionalities developed in Internet Banking :-

a) View Online Tax Statement 26 AS

b) On Line Cheque Book Request

c) SMS Alerts on addition of Beneficiary for NEFT Payment

d) E-Verification of Income Tax Returns through Net Banking

e) Temple donation in Internet Banking

f) TNVAT Tax Implementation

g) PKI functionality as 2FA.

• Bank has added six new Aggregator - PAYU, PAYTM, CITRUS, ATOM, TIMEMONEY, NUSPAY in internet Banking.

• Bank has increased the Limit of Fund Transfer in E-Banking from Rs 75,000.00 to Rs.2,00,000.00

• Value added services in Mobile Banking:-

a) Mobile Recharge/DTH Recharge/ Bill Payment

b) IMPS

c) Temple Donation

d) Mobile Banking app in Hindi

• Nine E-lobbies have since been opened

• To widen the spread of Electronic Delivery Channels, the Bank has installed 71 new ATMs during the Year 2015-16. Total number of ATMs of the Bank as on 31.03.2016 is 1341.

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vkarfjd fu;a=.kcSad esa çR;sd Lrj ij lqifjHkkf"kr nkf;Roksa ds lkFk vkarfjd fu;a=.k dh ç.kkyh gSA ;g vius fujh{k.k ,oa ys[kk ijh{kk foHkkx }kjk vkarfjd ys[kk ijh{k.k dks ifjpkfyr djrh gSA dk;Zdkfj;ksa dh ys[kk ijh{kk lfefr] tksfd çFke Lrjh; lfefr gS] fujh{k.k vkSj ys[kk ijh{k.k dk;Z ns[krh gSA cksMZ dh ys[kk ijh{k.k lfefr ¼,lhch½ i;Zos{k.k vkSj fujh{k.k ,oa ys[kk ijh{k.k foHkkx ds dk;ks± ij fu;a=.k djrh gSA

fujh{k.k ,oa ys[kk ijh{k.k ç.kkyh vkarfjd ys[kk ijh{k.k }kjk tksf[ke dh igpku] fu;a=.k vkSj çcaèku esa egRoiw.kZ Hkwfedk fuHkkrh gSA cSad ys[kk ijh{k.k djrk gS tSls tksf[ke vkèkkfjr vkarfjd ys[kk ijh{k.k ¼vkjchvkÃ,½] leorÊ ys[kk ijh{k.k ¼lhlh,½ vkÃ,l ys[kk ijh{k.k] çcaèku ys[kk ijh{k.k vkSj fujh{k.k ¼,e,vkÃ½ vkSj _.k ys[kk ijh{k.k ftlds }kjk vkarfjd ys[kk ijh{k.k ds fofHkUu igywvksa dh vko';drkvksa dks doj fd;k tkrk gSA cSad dh O;olkf;d Ãdkb;ka@dk;kZy; tksf[ke vkèkkfjr vkarfjd ys[kk ijh{k.k ¼vkjchvkÃ,½] leorÊ ys[kk ijh{k.k ¼lhlh,½ vkÃ,l ys[kk ijh{k.k ds vèkhu gS vkSj çcaèku ys[kk ijh{k.k ,oa fujh{k.k ds {ks= esa 22 vkapfyd dk;kZy; ,oa 27 ç'kklfud dk;kZy; vkrs gSa vkSj uhfr;ksa ,oa çfØ;kvksa dk fuèkkZj.k djrk gS] ds vfrfjä mlds fu"iknu dh xq.koÙkk vkSj #- 3 djksM+ ,oa mlls vfèkd ds _.k tksf[ke cká lunh ys[kkdkjksa ds ys[kk ijh{k.k ds vèkhu vkrs gSA

foÙkh; o"kZ 2015&2016 ds nkSjku] cSad dh 926 'kk[kkvksa esa tksf[ke vkèkkfjr vkarfjd ys[kk ijh{k.k fd;k x;k Fkk] 456 'kk[kkvksa@ dk;kZy;ksa dks leorÊ ys[kk ijh{k.k ç.kkyh ds varxZr yk;k x;k] 628 'kk[kkvksa@dk;kZy;ksa esa lwpuk ç.kkyh ys[kk ijh{k.k fd;k x;k vkSj 676 'kk[kkvksa esa lunh ys[kkdkjksa@lunh ys[kkdkjksa dh Qeks± dks fu;qä dj jktLo ys[kk ijh{k.k djk;k x;kA

fujh{k.k ,oa ys[kk ijh{k.k foHkkx yksd mRihM+u@f'kdk;rksa ds fuokj.k dh fuxjkuh djrk gSA foÙkh; o"kZ 2015&2016 ds nkSjku 1566 f'kdk;rsa çkIr gqÃ ftlesa ls 33 f'kdk;rsa fuokj.k gsrq çfØ;k esa gSA o"kZ ds nkSjku cSaÇdx yksdiky us cSad ds fo#) dksÃ vkns'k tkjh ugÈ fd;k gSA

la{ksi esa] Hkkjr ljdkj] fofu;ed rFkk blds vius cksMZ }kjk fuèkkZfjr dh xÃ çfØ;kvksa ,oa ç.kkfy;ksa ds vuqikyu dh fuxjkuh cSad dk fujh{k.k ,oa ys[kk ijh{k.k foHkkx çHkkoh #i ls dj jgk gSA

vuqikyu dk;Zdykifnukad 01@10@2009 ls vuqikyu foHkkx iw.kZ fodflr foHkkx ds #i esa dk;Z dj jgk gSA ,d c`gr~ vuqikyu&uhfr LFkkfir gSA o"kZ ds nkSjku çèkku dk;kZy;ksa ds fofHkUu foHkkxksa dh vuqikyu funsZf'kdkvksa dks rS;kj@v|frr fd;k x;kA

Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj o"kZ ds nkSjku vkapfyd dk;kZy;ksa gsrq tksf[ke vkèkkfjr i;Zos{k.k ij ,d u;k ys[kk ijh{k.k çk#i ykxw fd;k x;k ftldks egkçcaèkdksa dh lfefr us vuqeksfnr fd;k FkkA Hkkjrh; cSad la?k }kjk çsf"kr tkap lwph ds vkèkkj ij cSad ds vuqikyu dk;ks± dks etcwrh çnku djus ds fy, cksMZ }kjk ,d y?kq vofèk rFkk nh?kZ vofèk dh ;kstuk vuqeksfnr dh xÃ FkhA vuqikyu foHkkx }kjk y?kq vofèk dh ;kstuk dks ykxw dj fn;k x;k gSA ,-,Q-vkÃ- ds i;Zos{k.k ds dkj.k vkj-ch-,l- d{k dks vuqikyu foHkkx ds lkFk lekfgr dj fn;k x;kA Hkk-fj- cSad us lwfpr fd;k gS fd gekjs cSad dks o"kZ 2016&17 ds i;Zos{k.k pØ esa lh-,-,e-Ã-,y-,l- i;Zos{k.k ls vkj-ch-,l- i;Zos{k.k esa çR;koÆrr dj fn;k tk;xkA çR;korZu dks ykxw djus ds fy, foHkkx us Hkk-fj- cSad dks cksMZ vuqeksfnr dk;Z ;kstuk çLrqr dj nh gSA

cSad esa vuqikyu dk;Z rFkk vuqikyu dk;Z ij tkjh vU; fn'kk&funsZ'kksa ds lacaèk esa Hkkjrh; fjt+oZ cSad }kjk fnukad 20 vçSy 2007 ds ifji= }kjk tkjh fd, x, fofHkUu fn'kk&funsZ'kksa dk foHkkx }kjk vuqikyu fd;k x;kA o"kZ ds nkSjku cSad us lqfuf'Pr fd;k gS fd lkafofèkd@fofu;ked rFkk dksÃ Hkh vU;r vfuok;Z visf{kr lwpuk fofu;ked@Hkkjr ljdkj vFkok vU;~ fdlh Hkh çkfèkdj.k dks Hkst nh xÃ gSA vuqikyu foHkkx us Hkk-fj- cSad@lsch@foÙk ea=ky; dks le; ls çLrqr dh tkus okyh foojf.k;ksa ds fy, Hkh çèkku dk;kZy; ds foHkkxksa ls dkjZokÃ djus dks dgkA foÙkh; o"kZ 2015&16 ds nkSjku tkjh fd, x, Hkk-fj- cSad ds lHkh ifji=ksa rFkk vkarfjd fn'kk&funsZ'kksa dh eq[;&eq[; ckrksa dks ekfld vkèkkj ij rS;kj fd;k x;k vkSj dkÆedksa ds lanHkZ ds fy, bUgsa cSad dh bUVªkusV lkbV ij Mkyk x;kA

;g Hkh lqfuf'pr fd;k x;k fd vkapfyd dk;kZy;] 'kk[kk,a rFkk foHkkx vius ifjpkyu eSuqvyksa ds o.kkZuqlkj djsA bu fØ;kdykiksa dh t‚ap okÆ"kd vuqikyu ys[kk ijh{kk ds t+fj, fu;fer #i ls rFkk fu;fer varjkyksa ij dqN 'kk[kkvksa dh vkdfLed çfr&tkap }kjk dh tkrh gSA

tu&laidZ ,oaa izpkj&izlkjfoÙkh;&o"kZ 2015&16 ds nkSjku cSad us tu&leqnk; ds chp esa rFkk d‚jiksjsV Lrj ij vPNh Nfo cukus ds fy, ,d eYVh&ehfM;k uhfr viukÃ gS rFkk cSad us laiw.kZ Hkkjro"kZ ds ukxfjdksa dks è;ku esa j[krs gq, ÇçV ehfM;k esa vius mRiknksa] lafonkvksa] foÙkh; rFkk vU;s fMLiys@lwpukvksa dks fofHkUu lekpkj&i=ksa] if=dkvksa] Lekfjdkvksa esa çdkf'kr dj çpkj&çlkj fd;k gSA

cSad us vR;fèkd egRoiw.kZ dk;ZØeksa tSls fd lqjthr g‚dh VwukZesaV] tokgj yky usg# g‚dh VwukZesaV] Vh&20 fdØsV VwukZesaV rFkk foÜo iatkch laxBu }kjk èkwe&èkke ls vk;ksftr cS'kk[kh laè;k ,oa d‚jiksjsV ç[;kfr;ksa dks vius vkmVMksj çpkj lkexzh vFkkZr~ cSujksa o gksÉMxksa }kjk ve`rlj gokÃ vìs esa çk;kstu rFkk çn'kZu ls cSad dh igq¡p dk foLrkj fd;kA cSad us vius oky dSysaMj] 2016 ds ekè;e ls Hkh cgqr çflf) çkIr dh ftldks xzkgdksa vkSj 'kqHkfpUrdksa ds chp esa cgqrk;r ls ckaVk x;kA

cSad us ÇçV ehfM;k }kjk çsl foKfIr {ks= ds ekè;e ls Hkh O;kid çflf) çkIr dhA bu lHkh dk;ks± }kjk cSad dks iqu% jk"Vª lsok gsrq Lo;a dks leÆir djus dk lqvolj feyk rFkk çpkj&çlkj ds Lrj ij vk'kkrhr [;kfr çkIr gqÃA

Punjab & Sind Bank


INTERNAL CONTROLSThe Bank has in-built internal control systems with well–defined responsibilities at each level. It conducts internal audit through its Inspection & Audit Department. Audit Committee of Executives, being first tier Committees oversees the Inspection & Audit function. The Audit Committee of the Board (ACB) exercises supervision and control over the functioning of the Inspection & Audit Department.

The inspection & audit system plays an important role in identification, control and management of risks through internal audit functions. The Bank carries out audits- like Risk Based Internal Audit (RBIA), Concurrent Audit (CCA), IS Audit, Management Audit & Inspection (MAI) and Credit Audit, through which different facets of Internal Audit requirements are covered. The Bank’s business units/offices are subjected to RBIA CCA & IS Audit and Bank’s Management Audit & Inspection covers 22 Zonal Offices & 27 Administrative Offices and examines policies and procedures, besides quality of execution thereof and credit exposures of Rs. 3 crore & above are subjected to Credit Audit by external Auditors.

During FY 2015-16, Risk Based Internal Audit was concluded in 926 branches of the Bank, 456 branches/offices were brought under Concurrent audit system, the Information System Audit was conducted in 628 branches/offices and 676 Branches were subjected to Revenue audit be engaging services of CAs/CA firms.

The Inspection & Audit Department is monitoring redressal of public grievances/ complaints. During FY 2015-16, 1566 complaints were received of which 33 complaints are in process for redressal. The Banking ombudsman did not pass any award against the Bank during the year.

To summarize, Bank’s Inspection & Audit Department has been effectively monitoring the compliance of the system & procedures laid down by its own Board, the Regulator and the Government of India.

COMPLIANCE FUNCTIONFull-fledged Compliance Department is working since 01/10/2009. A comprehensive Compliance-policy is in place. Compliance Manuals of various HO Departments were drafted/updated during the year.

As per RBI guidelines a New Audit format based on Risk Based Supervision for Zonal Offices was introduced during the year duly approved by GMs committee. A short term and long term action plan was approved by the Board for strengthening of Bank’s Compliance functions on the basis of check list sent by IBA. The short term plan has been implemented by Compliance Deptt. Consequent to AFI observations RBS cell was merged with Compliance Department. RBI has intimated that our Bank will be migrated from CAMELS supervision to RBS supervision from the supervisory cycle of 2016-2017. For implementation of migration, Bank has submitted Board approved action plan to the RBI.

The Bank has followed various guidelines issued by RBI in its Circular dated April 20, 2007 on Compliance Functions in Bank and other guidelines issued on Compliance Functions. During the year Compliance Department has ensured that Statutory/Regulatory and other mandatory information required by the Regulator/GOI or any other Authority, has been sent. The compliance department also pursued HO Departments for timely submission of returns to RBI/SEBI/MOF. Gists of all RBI circulars and Internal guidelines, issued during the FY 2015-16, were prepared on monthly basis and were placed on the intranet site of the Bank for reference of the staff.

It was also ensured that the functioning of Branches, Zonal Offices and HO Departments is synchronized with their Functional Manuals. This functioning has been regularly checked through Annual Compliance Audits and random cross-checking of some of the branches at regular intervals.

PUBLIC RELATION AND PUBLICITYDuring the financial year 2015-16, the Bank adopted a multi-media strategy to build up its image in Public and at the corporate level and accordingly publicity was made through the print media by release of its product, tender, financial and other display/notice ads in different newspapers, magazines and souvenirs targeting various audiences all over the country.

Bank also used outdoor publicity tools i.e. Sponsorship and Display of Banners & Hoardings on events of high publicity value e.g. Surjit Hocket Tournament, Jawahar Lal Nehru Hockey Tournament, Gala Baisakhi Evening organized by World Punjabi Organization and corporate publicity through hoardings at Amritsar Airport facilitated extension of outreach of the Bank. Bank also received immense publicity through the Bank’s Wall Calendar 2016 which was widely distributed among clients and well wishers of the Bank.

Bank got huge publicity by way of coverage of its press releases by the print media. All these activities facilitated the Bank to rededicate itself to the service of the nation and enabled it to earn a well deserved mileage on the publicity front.

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lrdZrk

lrdZrk fuokjd cSad us fujksèkkRed lrdZrk ds mik; ds #i esa rFkk dkÆedksa dks Hkz"Vkpkj eqä ifjos'k ds çfr laosnu'khy cukus ds mís'; ls lrdZrk ç'kklu rFkk vuq'kklukRed dkjZokÃ ij nks fnu dh dk;Z'kkyk@çf'k{k.k dk vk;kstu fd;kA Jh fot; dqekj nso] vkÃ-,-,l-] vk;qä lykgdkj] paMhx<+ us dk;ZØe dk mn~?kkVu fd;kA Jh vkj-,u- uk;d] funs'kd vkSj Jh jkts'k oekZ] ekuuh; lhohlh ds lykgdkj us ewY;oku l= esa fofHkUu igyqvksa ij çdk'k MkykA

fnukad 26 vDVwcj] 2015 dks cSad us ÞlrdZrk tkx#drk lIrkgß ds nkSjku fnYyh ds bf.M;k baVjus'kuy lsaVj esa çeq[k lekjksg vk;ksftr fd;kA dsaæh; lrdZrk vk;ksx ds lrdZrk vk;qä Jh Vh ,e Hklhu] eq[; vfrfFk ds #i esa us lekjksg dh 'kksHkk c<+kbZ vkSj cSad ds mPpkfèkdkfj;ksa] laLFkku@ d‚yst@Ldwy ds Nk=& lewgksa dks lacksfèkr fd;kA igyh ckj gekjs foHkkx }kjk ih,lch & fofty] ,d frekgh lekpkj if=dk dk foekspu fd;k x;kA rRi'pkr~] lIrkg ds nkSjku fnYyh ds fofHkUu Ldwyksa@d‚ystksa@laLFkkuksa esa 20 vU; dk;ZØeksa dk vk;kstu fd;k x;k vkSj muesa ls ,d dk;ZØe esa dsaæh; lrdZrk vk;ksx ds vks-,l-Mh- Jh ts fouksn dqekj us vè;{krk dhA bl volj ij iwjs ns'k esa 'kk[kk Lrj ij 162 Ldwyksa esa fofoèk dk;ZØeksa dk vk;kstu fd;k x;k ftlesa 17235 Nk=ksa us Hkkx fy;kA

ekuuh; dsaæh; lrdZrk vk;qä }kjk lrdZrk tkx#drk lIrkg ds voyksdu esa bl o"kZ ds fo"k; Þlq'kklu ds çHkkoh mik; ds #i esa fuokjd lrdZrkß ds leku rFkk cM+s _.k [kkrksa esa jktLo pksjh lacaèkh frekgh@fofHkUu lzksrksa ls çkIr lwpuk ds vkèkkj ij geus gekjs lrdZrk vfèkdkjh }kjk uewuk vkèkkj ij cM+s _.k [kkrksa dh Loh—fr gsrq vuqikyu fu;eksa ,oa 'krks± dh tk¡p ds fy, Þfe'ku daIyk;alß ds uke ls ,d fo'ks"k vfHk;ku dh 'kq#vkr dh gS%

naMkRed lrdZrkvuq'kklukRed dkjZokÃ lacafèkr ekeyksa dh la[;k dks de djus gsrq fo'ks"k è;ku fn;k x;kA rRi'pkr~] 6 ekg ls vfèkd iqjkus foospuk ds ekeyksa esa] gekjk ç;kl jgk gS fd budh la[;k u dsoy ,d vad rd ykus dk ç;kl fd;k tk, vfirq bls U;wure lEHko Lrj ij yk;k tk, vkSj ifj.kkeLo#i ge bls 'kwU; rd ykus esa lQy jgsA bu ekeyksa dh rqyukRed fLFkfr fuEu gS(

2012&13 2013&14 2014&15 2015&166 ekg ls vfèkd yafcr foospuk 03 07 01 00

leLr Lrjksa ij gekjh fujarj fuxjkuh] fo'ks"kr;k% lhohlh@Mh,Q,l@lhchvkÃ ls çkIr] f'kdk;rksa ds fuiVku esa ldkjkRed ifj.kke çkIr fd, gS ,oa bls ?kVkdj U;wure@'kwU; dj fn;k] tksfd uhps fn, x, MkVk@Vscy bldk çek.k gS%

31-03-2013 31-03-2014 31-03-2015 31-03-2016lhohlh ls lacafèkr yafcr f'kdk;r 02 02 01 00

ge lqj{kkRed lrdZrk ij vfèkd è;ku ns jgs gSa vkSj laLFkk ds leLr dkÆedksa esa gekjs lqj{kkRed lrdZrk ds mik;ksa@tkx#drk iw.kZ ç;klksa ds ifj.kke Lo#i vkjksi i= tkjh djus dh la[;k vkSj lrdZrk ekeyksa dh la[;k esa le; ds vuqlkj fxjkoV vkÃ tksfd fuEu ls çdV gksrk gS%&

2012&13 2013&14 2014&15 2015&16yafcr lrdZrk ekeys 133 75 70 58tkjh fd, x, vkjksi i= 151 102 63 56

cSad esa fujarj fuxjkuh vkSj vkarfjd fu;a=.k ra= dh etcwrh ij cy nsus ls èkks[kkèkM+h esa fxjkoV ns[kh tk ldrh gS] tksfd uhps lkj.kh esa ifjyf{kr gSA

2013&14 2014&15 2015&16foÙkh; o"kZ ds nkSjku lwfpr fd, x, u, èkks[kkèkM+h ds ekeyksa dh la[;k 35 31 12o"kks± ds nkSjku lafpr èkks[kkèkM+h ds ekeyksa dh dqy la[;k 450 446 442

Punjab & Sind Bank


VIGILANCEPREVENTIVE VIGILANCEAs a measure of preventive vigilance and also to sensitize the staff towards a corruption free environment, the Bank organized two days workshop/ training on Vigilance Administration & Disciplinary Proceedings The programme was inaugurated by Shri. Vijay Kumar Dev, IAS, Advisor to the Commissioner, Chandigarh. Shri. R.N Nayak, Director and Shri. Rajesh Verma, Advisor from Hon’ble CVC had also valuable sessions on various aspects.

During “Vigilance Awareness Week”, the Bank organized its main function at India International Centre, New Delhi on 26th October, 2015. Sh T M Bhasin, Vigilance Commissioner, Central Vigilance Commission, being Chief Guest graced the occasion and addressed the gathering of students from School /College/Institute and Senior Functionaries of the Bank. A quarterly newsletter namely PSB-Vigil was brought out during this function for the first time. Thereafter, during the week 20 other programmes were also organized in different Schools / Colleges / Institutions in Delhi and one of the programme was presided by Sh J Vinod Kumar, OSD, Central Vigilance Commission. On the occasion, various programmes were organized at the Bank level across the country at 162 schools where 17235 students participated.

In line with this year’s theme observing Vigilance Awareness Week by Hon’ble CVC “Preventive Vigilance as a tool of good governance” and on the basis of information received from various sources / quarters regarding Revenue Leakage in Big Borrowal Accounts, a special drive under the name “Mission Compliance” i.e. checking of the compliance of terms and conditions of sanction in big borrowal accounts by Vigilance Officers on sample basis.

PUNITIVE VIGILANCE Special thrust was given, to bring down the pendency of disciplinary action cases. In respect of enquiries for more than 6 months old, endeavor was not only to bring down the number of enquiries not only to a single digit but to a minimum possible level and as a result NIL pendency was achieved. The comparative position of such cases is given below:

2012-13 2013-14 2014-15 2015-16Pending inquiries more than 6 months old 03 07 01 00

Constant monitoring at all levels has yielded positive result as pendency of complaints especially received from CVC / DFS / CBI, has reduced to bare minimum/NIL, as is evident from the data / table given below:

31.03.13 31.03.14 31.03.15 31.03.16Pending CVC referred Complaints 02 02 01 00

With focus on preventive vigilance and as a result of preventive vigilance measures / awareness efforts amongst the staff members across the organization, the number of issuance of Charge Sheet and number of Vigilance Cases has declined over the period which is evident from the below:

2012 - 13 2013 - 14 2014 - 15 2015 – 16Vigilance Cases pending 133 75 70 58Charge Sheet issued 151 102 63 56

With constant monitoring and emphasis on strengthening the internal control mechanism in the Bank, there is considerable decline in fraud, as is evident from table below.

2013-14 2014-15 2015-16Number of Fresh Frauds Reported during the Financial Year 35 31 12Total Number of Frauds cumulative over the years 450 446 442

iatkc ,.M fla/ cSad


lqj{kkcSad dh laxBukRed lajpuk esa lq–<+ lqj{kk O;oLFkk iw.kZ #i ls LFkkfir gSA cSad lHkh djsalh psLVksa ,oa 'kk[kkvksa esa lqj{kk O;oLFkk dh fu;fer leh{kk dj jgk gS rnuqlkj] cSad esa çcy lqj{kk ifj–'; cukus gsrq lqj{kk çcaèkuksa dh xfr dks rst fd;k x;k gS rkfd cSad dh lqj{kk O;oLFkk dks vkSj vfèkd çHkkoh ]vkèkqfud rFkk vckfèkr lqj{kk ç.kkyh cukus ds fy, etcwr fd;k x;k gSA Hkkjrh; fjt+oZ cSad@Hkkjrh; cSaÇdx la?k ds fn'kk&funsZ'kksa ds vuqlkj vko';d ,oa vfuok;Z lqj{kk çcaèku dh O;oLFkk cSad dh yxHkx lHkh 'kk[kkvksa esa miyCèk djokÃ xÃ gSA

lHkh 'kk[kk dk;kZy;ksa ,oa djsalh psLVksa esa lqj{kk vykeZ flLVe LFkkfir gSA Hkkjrh; fjt+oZ cSad ds fofuÆn"Vksa ds vuq#i vfèkdka'k 'kk[kkvksa esa LVªkax #e LFkkfir fd, x, gSA

djsalh psLV@'kk[kkvksa esa rSukr 'kL=èkkjh xkMks± dks okÆ"kd vkèkkj ij Qk;Çjx vH;kl lfgr çf'k{k.k çnku fd;k tkrk gS rFkk lHkh lqj{kk vfèkdkfj;ksa dks o"kZ esa ,d ckj lqj{kk lacaèkh iqu'p;kZ çf'k{k.k Hkh fn;k tkrk gSA

vkrad dh vuqHkwfr] udnh dh ek=k vkSj cgqewY; oLrqvksa rFkk fujarj fuxjkuh dh vko';drk dks –f"Vdks.k esa j[krs gq,] çFke pj.k esa] leLr djsalh psLVksa dh 'kk[kkvksa rFkk fpfàr dh xÃ 738 mPp tksf[ke o vfrlaosnu'khy 'kk[kkvksa esa lh-lh-Vh-oh- fuxjkuh i)fr laLFkkfir djok nh xÃ gSA 'ks"k 'kk[kkvksa esa Hkh vfr 'kh?kz lh-lh-Vh-oh- fuxjkuh i)fr laLFkkfir dj nh tk,xhA

jktHkk"kk dk;kZUo;u %o"kZ 2015&16 jktHkk"kk dk;kZUo;u ds –f"Vdks.k ls miyfCèk;ksa Hkjk o"kZ jgkA foÙk ea=ky;] foÙkh; lsok,a foHkkx }kjk gekjs cSad }kjk çdkf'kr f=Hkk"kh 'kCnkoyh ¼vaxzst+h] Çgnh ,oa iatkch½ ds fy, rFkk cSad esa çknsf'kd Hkk"kkvksa dks c<+kok nsus ds fy, nks ç'kfLr&i= Hkh tkjh fd, x,A

cSad dh if=dk ÞjktHkk"kk vadqj* esa dfri; u, ,oa vuwBs ç;ksx fd, x,A cSad us if=dk esa ÇgnhÙkj çknsf'kd Hkk"kkvksa dks egROiw.kZ LFkku nsuk çkjaHk fd;k gS ftldh cSaÇdx m|ksx esa Hkwfj&Hkwfj ç'kalk dh xÃ gSA bl ç;ksx esa vHkh rd mfM+;k] caxyk] laFkkyh vkSj vlfe;k Hkk"kkvksa dh lkexzh dks muds Çgnh #i lfgr çdkf'kr fd;k tk pqdk gSA blds vfrfjäa cSad us cSad ds mPpkafèkdkfj;ksa ds fy, Hkh ,d vuwBh igy dh gSA lHkh mPpk~fèkdkfj;ksa dks gj fnu ^vkt dk 'kCn* vkSj Çgnh dh ,d iafä~] ,l,e,l ds ekè;e ls Hksth tk jgh gSA

foÙkh; o"kZ 2015&16 ds nkSjku cSad esa Hkkjr ljdkj dh jktHkk"kk uhfr ds dk;kZUo;u ,oa jktHkk"kk Çgnh ds çxkeh ç;ksx ds çpkj&çlkj esa vk'kkrhr çxfr dh xÃA dqy 60 dk;Z'kkykvksa dk vk;kstu fd;k x;k] ftuesa 847 LVkQ lnL;ksa dks çf'kf{kr fd;k x;kA blds vfrfjä 672 'kk[kkvksa esa vk;ksftr MSLd çf'k{k.k dk;ZØeksa esa 2938 dkÆedksa dks Çgnh ds ç;ksx dk çf'k{k.k rFkk daI;wVj ij ;wfudksM çf'k{k.k Hkh fn;k x;kA cSad esa jktHkk"kk ds ç;ksx dh fLFkfr dh leh{kk djus ds mís'; ls dqy 732 'kk[kkvksa@dk;kZy;ksa ds fujh{k.k fd, x,A o"kZ ds nkSjku Hkkjr ljdkj] foÙk&ea=ky;] foÙkh; lsok,a foHkkx ds funsZ'kkuqlkj 968 'kk[kkvksa@foHkkxksa esa ÞefLr"d eaFkuß dk;ZØeksa dk vk;kstu fd;k x;kA

[ksy&dwn

cSad dh g‚dh Vhe ds fuEufyf[kr f[kykfM+;ksa us ns'k dk çfrfufèkRo fd;k%

Jh jeunhi Çlg Jh gjchj Çlg Jh lrchj Çlg

Jh çcnhi Çlg Jh gjtksr Çlg

ghjks lewg ds çk;kstu rFkk g‚dh bf.M;k }kjk vk;ksftr bf.M;u çhfe;j yhx 2016 esa fofoèk Vheksa dh vksj ls 6 f[kykfM+;ksa us çfrfufèkRo fd;kA dsjy esa vk;ksftr jk"Vªh; [ksy] 2015 esa lothr Çlg] xqjbdcky Çlg] ,oa foØethr Çlg us iatkc jkT; dk çfrfufèkRo fd;kA

o"kZ 2015&16 ds fy, Jh cythr Çlg lSuh ¼vksyfEi;u½] Hkkjrh; efgyk g‚dh Vhe ds dksp fu;qä fd, x, FksA

dsjy esa vk;ksftr jk"Vªh; [ksy] 2015 ds fy, Jh latho dqekj ¼vksyfEi;u½ iatkc jkT; g‚dh Vhe ds eq[; dksp FksA

lkekU; ç'kklufoHkkx cSad LokfeRo ds ifjlj ij fuekZ.k dk;Z@ifj;kstuk dk;Z djk jgk gS vkSj fofuÆn"V oLrqvksa@lsokvksa dks Ø; djus ls Hkh tqM+k gqvk gSA o"kZ ds nkSjku pkj ifj;kstuk,a tSls xqM+xkao] QksVZ eqEcÃ] vkSj uks,Mk ¼lsDVj 49 ,oa 63 nksuksa½ esa cSad ifjlj dk fuekZ.k dk;Z iwjk gks pqdk gS rFkk mä ifjljksa esa dk;kZy;@'kk[kk,a dk;Zjr gSaA 'ks"k ifj;kstuk,a Hkh lekiu voLFkk esa gS rFkk foÙkh; o"kZ 2016&17 esa jksfg.kh vkSj jathr uxj esa cSad ifjlj dk fuekZ.k dk;Z iw.kZ gksus dh laHkkouk gSA

Punjab & Sind Bank


SECURITY The Bank has a well established Security set-up within the Bank's organizational structure. The Bank has been regularly reviewing the security arrangements at all Currency Chests and branches and accordingly strengthening the security arrangements to meet prevailing security scenario with effective, modern and unobstructed Security Systems. All the essential and mandatory security arrangements in terms of RBI/ IBA guidelines are provided at almost all branches.

Security Alarm Systems are installed at all branches and currency chests. Strong Room conforming to RBI specification are provided at majority of branches.

Training, including firing practice, for Armed Guards deployed at currency chests / branches is imparted on an annual basis. Also, all the security officers undergo refresher training on security once in a year.

Keeping in view the threat perception, volume of cash and valuables handled and need for continuous surveillance, CCTV Surveillance System has been installed at all the Currency chest branches and 738 identified High Risk and vulnerable branches in the first phase. CCTV systems shall be installed at remaining branches at the earliest.

IMPLEMENTATION OF OFFICIAL LANGUAGE Year 2015-16 was the year of achievements in Official Language implementation. Ministry of Finance, Department of Financial Services awarded our Bank with Two Letters of Appreciation for publishing Tri-Language Glossary (English, Hindi & Punjabi) and for promoting Regional Languages.

Some new and innovative experiments were made in Bank’s Magazine “Rajbhasha Ankur”. Besides Hindi, the Bank has encouraged Regional Languages in the magazine and this initiative has been richly complemented in banking industry. So far, material in Odiya, Bengali, Santhali and Assamese languages have been published with their Hindi versions. The Bank also had a unique initiative for its executives. "Aaj ka Shabd" and a line on Rajbhasha is being sent to all executives via SMS.

During the financial year 2015-16, the Bank made significant progress in implementation of official language Policy of Govt. of India for promoting and propagating the use of Official Language in the Bank. A total of 60 workshops were organized, in which 847 staff members were trained. Besides this, in 672 Hindi Desk Training Programmes, 2938 staff members were imparted training for using official language and Unicode training on Computers. With the aim of reviewing the progress of Official Language, inspections were conducted in 732 Branches / offices. As per directions of MOF, Department of Financial Services “Mastishk - Manthan” Programmes were organized in 968 offices / branches of the Bank.

SPORTSThe following players of the Bank’s Hockey Team have represented the Country:

Sh. Ramandeep Singh Sh. Harbir Singh Sh. Satbir Singh

Sh. Prabdeep Singh Sh. Harjot Singh

6 players represented Indian Premier League 2016 from different teams, which was organized by Hockey India with the sponsorship of HERO Group.

Sh. Sarvanjit Singh, Sh. Guriqbal Singh, Sh. Gautampal Singh, Sh. Vikramjit Singh represented Punjab state in National Games held at Kerala 2015.

Sh. Baljit Singh Saini (Olympian) was appointed as Coach of Indian Women Hockey Team for 2015-16.

Sh. Sanjeev Kumar (Olympian) was the Chief Coach of Punjab State Hockey team for National Games 2015 held at Kerala.

GENERAL ADMINISTRATIONThe Bank is undertaking construction works/projects on its owned premises and is also involved in the procurement of assigned Goods/Services. Projects viz. Construction of Bank building at Gurgaon, Fort Mumbai and Noida have been completed and the offices/branches are functional in the said premises. The remaining projects are in their completion stages and the construction of Bank buildings at Rohini and Ranjit Nagar are likely to be completed in FY 2016-17.

iatkc ,.M fla/ cSad


funs'kd eaMy dk xBu31 ekpZ] 2016 dks funs'kd eaMy esa rhu iw.kZ dkfyd funs'kdksa vFkkZr vè;{k ,oa çcaèk funs'kd rFkk nks dk;Zdkjh funs'kdksa ds vfrfjä lkr vU; funs'kdksa ftlesa foÙk&ea=ky;] Hkkjrh; fjt+oZ cSad ds çfrfufèk;ksa] nks 'ks;jèkkjd funs'kdksa rFkk rhu va'k&dkfyd xSj&vfèkdkfjd funs'kdksa dks lfEefyr fd;k x;k gSA

cSad ekeyksa ds fu;a=.k ,oa dk;Z fuxjkuh gsrq xfBr cksMZ dh fofHkUu lfefr;ksa dh lwph uhps nh xÃ gS

Û çcaèku lfefr

Û ys[kk ijh{kk lfefr

Û tksf[k+e çcaèku lfefr

Û cM+h jkf'k;ksa dh èkks[kkèkfM+;ksa dh fuxjkuh gsrq lfefr

Û lrdZrk lfefr

Û xzkgd lsok lfefr

Û va'kèkkjd lacaèk lfefr

Û lwpuk çkS|ksfxdh uhfr lfefr

Û ekuo lalkèkku lfefr

Û cksMZ dh iquÆopkj@leh{kk lfefr

Û ikfjJfed lfefr

Û dk;Zdkfj;ksa dh inksUufr ij cksMZ lfefr

Û olwyh dh fuxjkuh gsrq lfefr

Û lkoZtfud {ks= ds cSad esa ernku }kjk 'ks;jèkkjd funs'kd ds p;u gsrq lfefr

o"kZ 2015&16 ds nkSjku cksMZ dh vU; lfefr;ksa dh cSBdksa ds vfrfjä] cksMZ funs'kdksa dh ukS cSBdsa] cksMZ dh çcaèku lfefr dh X;kjg cSBdsa rFkk ys[kk ijh{kk lfefr dh lkr cSBdsa vk;ksftr dh xb±A

o"kZ 2015&16 ds nkSjku cSad ds cksMZ funs'kdksa ds fu;kstu esa fuEufyf[kr ifjorZu gq,%

lekos'kuÛ Jh ,-ds- tSu dks cSad ds dk;Zdkjh funs'kd ds #i esa foÙk ea=ky;] foÙkh; lsok,a foHkkx] Hkkjr ljdkj] uÃ fnYyh ds fnukad 15-12-2015

dh vfèklwpuk la[;k ,Q-u- 4@5@2013&chvks&I ds ekè;e ls fu;qä fd;k x;kA

Û Jh vruq lsu dks cSad ds va'k dkfyd xSj ljdkjh ukfer funs'kd ds #i esa foÙk ea=ky;] foÙkh; lsok,a foHkkx] Hkkjr ljdkj] uÃ fnYyh ds fnukad 28-01-2016 dh vfèklwpuk la[;k ,Q-u- 6@24@2015 &chvks&I ds ekè;e ls ukfer fd;k x;kA

lsok lekfIrÛ Jh egs'k dqekj xqIrk us lunh ys[kkdkj oxZ ds funs'kd ds #i esa fnukad 29-01-2016 dks viuk dk;Zdky iw.kZ fd;kA

d‚iksZjsV xous±l%cSad vPNs fuxfer ç'kklu ds fy, çfrc) gS rFkk bls vkSj vfèkd et+cwr djus dk fujarj ç;kl dj jgk gS rkfd laxBu esa lHkh Lrj ij vkSj vfèkd ikjnÆ'krk o csgrj leUo; lqfuf'pr fd;k tk ldsA cSad dh dk;Z&ç.kkyh cSad ds ikjn'kÊ LokfeRo ljapkuk,a] tksf[ke çcaèku dk;Z&ç.kkyh esa lqèkkj] lqfu;ksftr rjhds ls 'kfä;ksa dks lkSaiuk] tokcnsgh rFkk fujh{k.k ,oa ys[kk&ijh{kk çHkkx rFkk lkafofèkd dsUæh; ys[kk&ijh{kdksa }kjk fd, x, foLr`r ys[kk dk;ks± dks n'kkZrh gSA

cSad fuxfer ç'kklu ls lacafèkr ekeys esa lsch rFkk Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa dk ikyu djrk gS ftldh tkap dsUæh; lkafofèkd ys[kk&ijh{kdksa }kjk dh tkrh gSA

Punjab & Sind Bank


CONSTITUTION OF BOARD OF DIRECTORSAs on 31st March 2016, the Board comprised of three Whole Time Directors viz Chairman & Managing Director and two Executive Directors besides seven other Directors including representatives from Ministry of Finance, Reserve Bank of India, two Share Holder Directors and three Part Time Non Official Directors.

Various Committees constituted under the Board as listed below, oversee the functioning and control the affairs of the Bank:

• Management Committee

• Audit Committee

• Risk Management Committee

• Committee for Monitoring of Large Value Frauds

• Vigilance Committee

• Customer Service Committee

• Stakeholders Relationship Committee

• IT Strategy Committee

• HR Committee

• Committee of Board on Appellate/Reviewing Authority

• Remuneration Committee

• Committee of Board on Executives’ Promotion

• Committee for Monitoring of Recovery

• Election of Shareholders Director Committee Voting by Public Sector Bank

During the year 2015-16, nine meetings of the Board of Directors, eleven meetings of the Management Committee and seven meetings of the Audit Committee of the Board were held, besides meetings of other Committees of the Board.

The constitution of Bank’s Board of Directors underwent following changes during the year 2015-16:

INCLUSIONS• Sh. A. K. Jain was appointed as Executive Director of the Bank vide Government of India, Ministry of Finance, Department of

Financial Services, New Delhi Notification No. F.No. 4/5/2013-BO-I dated 15.12.2015.

• Sh. Atanu Sen was nominated as Part Time Non Official Director of the Bank vide Government of India, Ministry of Finance, Department of Financial Services, New Delhi Notification No.F.No. 6/24/2015-BO-I dated 28.01.2016.

CESSATIONS• Sh. Mahesh Kumar Gupta completed his term as CA Category Director on 29.01.2016

CORPORATE GOVERNANCE The Bank is committed to good Corporate Governance and is constantly striving to further strengthen the same to ensure greater transparency and better coordination at all levels in the Organization. The working of the Bank reflects transparent ownership structure, improved risk management practices, well defined delegation of powers, accountability and an elaborate audit function carried out by both its Inspection & Audit Division and by independent Statutory Central Auditors.

Bank has complied with the guidelines of RBI and SEBI on the matters relating to Corporate Governance which have been examined by the Statutory Central Auditors.

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funs'kdksa ds mÙkjnkf;Ro dh fooj.khfuns'kdksa us iqf"V dh gS fd 31 ekpZ] 2016 dks lekIr o"kZ ds fy, okÆ"kd ys[kksa dks rS;kj djus esa &

Û ykxw ys[kk&ekudksa ds lkFk&lkFk ekud lkexzh ls lEcfUèkr mfpr O;k[;k] ;fn dksÃ gS] dk ikyu fd;k x;k gSA

Û Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuq#i cukÃ xÃ ys[kkadu uhfr;ksa dks fu;fer #i ls ykxw fd;k x;k gSA

Û foÙkh;&o"kZ ds var esa rFkk 31 ekpZ] 2016 dks lekIr o"kZ esa cSad ds ykHk gsrq cSad ds dk;Zdykiksa dk okLrfod rFkk mfpr fooj.k çLrqr djus gsrq ;Fkksfpr fu.kZ; rFkk iwokZuqeku yxk, x, gSaA

Û Hkkjr esa cSadksa ij ykxw dkuwuksa ds çkoèkkuksa ds vuqlkj ys[kk vfHkys[kksa ds mfpr ,oa i;kZIr vuqj{k.k ds fy, mfpr rFkk i;kZIr è;ku j[kk x;k gS rFkk [kkrksa dks vfojy çfØ;k ds vkèkkj ij rS;kj fd;k x;k gSA

lkafofèkd ys[kk ijh{k.ktSlk fd Hkkjrh; fjt+oZ cSad }kjk vuqeksfnr gS] cSad us lekIr o"kZ 31 ekpZ] 2016 ds ys[kkadu o"kZ gsrq eSllZ f<+Yyksa ,.M ,lksf'k,V ]paMhx<+( eSllZ frokjh ,.M ,lksf'ks,V] uÃ fnYyh( eSllZ èkou ,.M dEiuh] uÃ fnYyh( rFkk eSllZ nÇonj iky Çlg ,.M dEiuh gksf'k;kjiqj] dks dsaæh; lkafofèkd ys[kkdkjksa ds #i esa fu;qä fd;k gSA

vfHkLoh—fr;ka%cSad dk funs'kd e.My ewY;oku xzkgdksa] 'ks;j èkkjdksa] 'kqHkÇprdksa vkSj cSad ds Hkkjr rFkk fons'kksa esa muds laoknnkrkvksa ds laj{k.k] lnHkkouk ,oa leFkZu ds fy, èkU;okn nsrk gSA

funs'kd e.My cSad ds dkedkt ds fy, Hkkjr ljdkj] Hkkjrh; fjt+oZ cSad] Hkkjrh; çfrHkwfr ,oa fofue; cksMZ¼lsch½] LV‚d ,Dlpsatksa] fofHkUu jkT; ljdkjksa] foÙkh; laLFkkuksa vkSj cSad ds lkafofèkd dsaæh; ys[kk&ijh{kdksa ls çkIr ewY;oku vkSj le; ij lykg] ekxZn'kZu rFkk lg;ksx dks —rKrk ds lkFk Lohdkj djrk gSA

funs'kd e.My o"kZ ds nkSjku lHkh Lrjksa ij cSad dh çxfr gsrq LVkQ&lnL;ksa ds cgqewY; ;ksxnku ds fy, Hkjiwj ljkguk djrk gS rFkk vk'kk djrk gS fd vkus okys o"kks± esa cSad dks fuxfer y{;ksa dh çkfIr esa budk lrr~ lg;ksx çkIr gksrk jgsxkA


LFkku % ubZ fnYyh tfrUnjchj flag fnukad % 10 ebZ] 2016 v/;{k ,oa çca/k funs'kd

Punjab & Sind Bank


DIRECTORS’ RESPONSIBILITY STATEMENTSThe Directors confirm that in the preparation of the Annual Accounts for the year ended 31st March, 2016:

• The applicable accounting standards have been followed along with proper explanation relating to material departures, if any.

• The accounting policies framed in accordance with the guidelines of the Reserve Bank of India, were consistently applied.

• Reasonable and prudent judgment and estimates were made so as to give a true and fair view of the state of affairs of the Bank at the end of the financial year and of the profit of the bank for the year ended on 31st March, 2016.

• Proper and sufficient care was taken for the maintenance of adequate accounting records in accordance with the provisions of applicable laws Governing Banks in India and the accounts have been prepared on a going concern basis.

STAUTORY AUDIT As approved by Reserve Bank of India, Bank has appointed M/s Dhillon & Associates, Chandigarh; M/s Tiwari & Associates, New Delhi; M/s Dhawan & Co., New Delhi and M/s Davinder Pal Singh & Co., Hoshiarpur as Statutory Central Auditors for the accounting year ended March 2016.

ACKNOWLEDGEMENTSThe Board of Directors of the Bank thanks valued customers, shareholders, well-wishers and correspondents of the Bank in India and abroad for their goodwill, patronage and continued support.

The Directors also acknowledge with gratitude the valuable and timely advice, guidance and support received from Government of India, Reserve Bank of India, Securities and Exchange Board of India (SEBI), Stock Exchanges of various State Governments, Financial Institutions and the Statutory Central Auditors of the Bank in the functioning of the Bank.

The Directors place on record their deep appreciation for the valuable contribution of the members of the staff at all levels for the progress of the Bank during the year and look forward to their continued co-operation in realization of the Corporate goals in years ahead.

For and on behalf of Board of Directors

Place: New Delhi Jatinderbir SinghDate: 10 May, 2016 Chairman & Managing Director

iatkc ,.M fla/ cSad


d‚iksZjsV çcaèku fjiksVZ ¼2015&16½

1- çcaèku lafgrk ds lacaèk esa cSad & n'kZu

cSad viuh d‚iksZjsV çcaèku dh uhfr çcaèku dh loksZÙke çFkkvksa dks ykxw djus] dkuwu dk lR;fu"Bk ds lkFk vuqikyu] uSfrd ekudksa dk vuqlj.k djus rFkk va'kèkkjdksa ds LFkk;h fodkl gsrq lkekftd nkf;Roksa ij vkèkkfjr gSA cSad u dsoy lkafofèkd vko';drkvksa dk vuqikyu djsxk vfirq LosPNkiwoZd dM+h d‚iksZjsV xous±l i)fr;ksa dks fu"ikfnr djrs gq,] mudk ikyu Hkh djsxkA cSad mR—"Vrk çkIr djus gsrq lalkèkuksa ds b"Vre mi;ksx ds lkFk vfèkdre çfrQy çkIr djus rFkk lHkh Lrjksa ij dk;Zfu"iknu dks lqfuf'pr djrs gq, 'ks;j&èkkjdksa ds fgrksa dh j{kk djrs gq, rFkk muds ewY;ksa esa vfHko`f) ds fy, vius lrr~ ç;kl tkjh j[ksxkA cSad çR;sd {ks= esa mR—"Vrk gkfly djus gsrq uSfrd ewY;ksa ds mPp ekudksa] ikjnÆ'krk rFkk vuq'kkflr –f"Vdks.k viukus esa foÜokl j[krk gSA cSad vius lHkh lk>snkjksa ftuesa 'ks;jèkkjd] xzkgd] ljdkj rFkk O;kid rkSj ij vketu Hkh 'kkfey gSa] dks vfèkdre ykHk igq¡pkus gsrq l?ku ç;kl djrk jgsxkA

cSad ,d lwphc) fudk; gS tks ,d daiuh ugha gS vfirq cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e 1980 vFkkZr~ cSaddkjh daiuh vtZu vfèkfu;e ds rgr fudk; d‚iksZjsV gS rFkk Hkkjrh; fjt+oZ cSad }kjk fofu;fer gksrk gS] vr% LV‚d ,Dlpsatks ds lkFk fd, x, lwph;u djkj ds çkoèkkuksa rFkk lsch ¼lwph;u nkf;Ro vkSj izdVu vfuok;Zrkvksa½ vf/kfu;eksa] 2015 dk ml lhek rd ikyu djsxk tgka rd cSaddkjh daiuh miØeksa dk ¼vtZu ,oa varj.k½ vfèkfu;e 1980 ds çkoèkkuksa vkSj bl lacaèk esa Hkkjrh; fjt+oZ cSad }kjk tkjh fn'kk&funsZ'kksa dk mYya?ku ugh gksrk gSA

2- funs'kd eaMy%

2-1 funs'kd eaMy dk Lo:i

funs'kd eaMy dk xBu cSaÇdx fofu;e vfèkfu;e 1949] cSaÇdx daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 ;Fkk la'kksfèkr rFkk jk"Vªh;—r cSad ¼çcaèku ,oa fofoèk çkoèkku½ ;kstuk 1980 ¼;Fkk la'kksfèkr½ ds çkoèkkuksa }kjk 'kkflr gksrk gSA

31 ekpZ] 2016 dh fLFkfr ds vuq:i funs'kd eaMy dk Lo:i fuEukuqlkj gS%

Øe Lka-

uke

inuke

31-03-2016 d¨ cSad ds / kkfjr 'ks;jä dh Lka[;k

cSad dh miLkfefr; a dh LknL;rk dh Lka[;k

cSad ds vykok daifu; a esa funs'kd ds :i esa Lksokvksa dh

Lka[;k

cSad ds vykok vU; daifu;ä

ds c¨MZ dh mi&Lkfefr;ä esa LknL;rk@v/ ;{krk

dh Lka[;k

fVIif.k;ka ¼cSad@vU; daifu; a esa fu;qfä dk Lo:i½

1- Jh tfrUnjchj Çlg] vkÃ-,-,l-

vè;{k ,oa çcaèk funs'kd 'kwU; 11 1 'kwU; +

2- Jh ,e-ds- tSu dk;Zdkjh funs'kd 'kwU; 11 'kwU; 'kwU; *

3- Jh ,-ds- tSu dk;Zdkjh funs'kd 'kwU; 10 'kwU; 'kwU; **

4- Jh ,l-vkj- esgj funs'kd& foÙk ea=ky; }kjk ukfer

'kwU; 11 'kwU; 'kwU; ***

5- Jh ih-ds- tsuk funs'kd& Hkk-fj-cSa- }kjk ukfer

'kwU; 6 'kwU; 'kwU; @

6- Jh lq[ksu iky ccwrk xSj&vfèkdkfjd funs'kd ¼'ks;jèkkjd funs'kd½

500 3 3 'kwU; $

7- Jh ,e-,l- lkjax xSj&vfèkdkfjd funs'kd ¼'ks;jèkkjd funs'kd½

1100 4 1 #

8- Jh lat; oekZ xSj&vfèkdkfjd funs'kd 'kwU; 7 'kwU; 'kwU; ++

9- Jhefr vfurk d.kkZoj xSj&vfèkdkfjd funs'kd 'kwU; 4 'kwU; 'kwU; +++

10- Jh vruq lsu xSj&vfèkdkfjd funs'kd 'kwU; 2 4 'kwU; ##

Punjab & Sind Bank


REPORT ON CORPORATE GOVERNANCE (2015-16) 1. BANK'S PHILOSOPHY ON CODE OF GOVERNANCE : The Bank shall continue its endeavor to enhance its shareholder's value by protecting their interest by ensuring performance

at all levels, and maximizing returns with optimal use of resources in its pursuit of excellence. The Bank shall comply with not only the statutory requirements, but also voluntarily formulate and adhere to a set of strong Corporate Governance practices. The Bank believes in setting high standards of ethical values, transparency and a disciplined approach to achieve excellence in all its sphere of activities. The Bank is also committed to follow the best practices. The Bank shall strive hard to best serve the interests of its stakeholders comprising shareholders, customers, Government and society at large.

The Bank is a listed entity, which is not a company but body corporate under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and is regulated by Reserve Bank of India. Therefore the Bank shall comply with the provisions of the Listing Agreement entered into with Stock Exchanges and as per SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015 to the extent it does not violate the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 and the Guidelines issued by Reserve Bank of India in this regard.

2. BOARD OF DIRECTORS

2.1 Composition of the Board: The composition of Board of Directors of the Bank is governed by the provisions of the Banking Regulation Act, 1949,

the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980, as amended and the Nationalized Banks Management and Miscellaneous Provisions Scheme, 1980, as amended.

The composition of Board of Directors of the Bank as on 31st March, 2016 is as under:

Sr. No

Name Position Held No. of equity shares of the Bank

held as on 31.03.2016

No. of member

ship in Sub Committees of the Bank

No. of Directorship held in other

Companies i.e. Other than the

Bank.

No of Membership/ Chairmanship

held in Sub Committees of

the Board in Other Companies

Remarks (nature of

appointment in the Bank

/ other Companies)

1 Sh. Jatinderbir Singh, I.AS

Chairman & Managing Director

NIL 11 1 NIL +

2. Sh M.K.Jain Executive Director NIL 11 NIL NIL *

3. Sh A.K.Jain Executive Director NIL 10 NIL NIL **

4. Sh S. R. Mehar Director – MOF Nominee Director

NIL 11 NIL NIL ***

5. Sh P.K. Jena Director – RBI Nominee Director

NIL 6 NIL NIL @

6. Sh.Sukhen Pal Babuta

Non-Official Director (Shareholder Director)

500 3 3 NIL $

7. Sh. M S Sarang Non-Official Director (Shareholder Director)

1100 4 1 NIL #

8. Sh. Sanjay Verma Non-Official Director NIL 7 NIL NIL ++

9. Smt. Anita Karnavar

Non-Official Director NIL 4 NIL NIL +++

10. Sh. Atanu Sen Non-Official Director NIL 2 4 NIL # #

iatkc ,.M fla/ cSad


+ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 31 tuojh] 2014 la- ,Q-ua- 4@7@2013&chvks&I dh 'krks± ds vuq:i iw.kZdkfyd funs'kd ¼inukfer vè;{k ,oa çcaèk funs'kd½ vFkkZr inxzg.k djus dh frfFk 01-02-2014 ;k ckn esa vkSj fnukad 31-12-2017 rd ;kfu fd viuh lsokfuo`fÙk dh frfFk rd ;k vkxkeh vkns'kksa rd] buesa ls tks Hkh igys gksA

* foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 05 vxLr] 2013 la- ,Q-ua- 4@5@2012&chvks&I dh 'krks± ds vuq:i 05 o"kZ gsrq dk;Zdkjh funs'kd vFkkZr inxzg.k djus dh frfFk ;k vkxkeh vkns'kksa rd] buesa ls tks Hkh igys gksA

** foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 15 fnlEcj] 2015 la- ,Q-ua- 4@5@2013&chvks&I dh 'krks± ds vuqlkj dk;Zdkjh funs'kd ds #i esa inxzg.k djus dh frfFk rFkk fnukad 31-01-2017 rd vFkkZr mudh lsokfuo`fÙk dh frfFk ;k vkxkeh vkns'kksa rd] buesa ls tks Hkh igys gksA

*** foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 24 flrEcj] 2014 la- ,Q-ua- 6@3@2012&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 mièkkjk ¼3½ ds [kaM ¼ch½ ds rgr rqjar çHkko ls ,oa vxys vkns'k rd funs'kd fu;qäA

@ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 31 eÃ] 2013 la- ,Q-ua- 6@34@2013&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 mièkkjk ¼3½ ds [kaM ¼lh½ ds rgr rqjar çHkko ls ,oa vxys vkns'k rd funs'kd fu;qäA

$ 'ks;jèkkjdkas ds eè; ls] dsaæh; ljdkj ds vykok cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh èkkjk 9 ¼3½¼i½ tksfd jk"Vªh;—r cSadksa ¼çcaèku ,oa fofHkUu çkoèkkuksa½ ;kstuk 1980 rFkk iatkc ,.M Çlèk cSad ¼'ks;jksa ,oa cSBdksa½ ls lacafèkr vfèkfu;e 66¼i½] vfèkfu;e] 2008 [kaM 9 ¼4½ ds rgr vfèklwpuk ls 3 o"kZ rd dh vofèk vFkkZr~ fnukad 01-07-2014 ls funs'kd fu;qäA

++ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 12 vxLr] 2013 la- ,Q-ua- 6@16@2011&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 dh mièkkjk ¼3,p½ ,oa ¼3&,½ ds rgr vfèklwpuk ls 3 o"kZ rd ,oa ;k vxys vkns'k rd tks Hkh igys gks] va'kdkfyd xSj&vfèkdkfjd funs'kd fu;qäA

# 'ks;jèkkjdksa ds eè; ls] dsaæh; ljdkj ds vykok cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh èkkjk 9 ¼3½¼i½ tksfd jk"Vªh;—r cSadksa ¼çcaèku ,oa fofHkUu çkoèkkuksa½ ;kstuk 1980 rFkk iatkc ,.M Çlèk cSad ¼'ks;jksa ,oa cSBdksa½ ls lacafèkr vfèkfu;e 66¼i½] vfèkfu;e] 2008 [kaM 9 ¼4½ ds rgr vfèklwpuk ls 3 o"kZ rd dh vofèk vFkkZr~ fnukad 01-07-2014 ls funs'kd fu;qäA

+++ foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 30 tuojh] 2014 la- ,Q-ua- 6@56@2013&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 dh mièkkjk ¼3,p½ ,oa ¼3&,½ ds rgr vfèklwpuk ls 3 o"kZ rd ,oa ;k vxys vkns'k rd tks Hkh igys gks] va'kdkfyd xSj&vfèkdkfjd funs'kd fu;qäA

## foÙk ea=ky;] Hkkjr ljdkj ds i= fnukad 28 tuojh] 2016 la- ,Q-ua- 6@24@2015&chvks&I] cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 dh èkkjk 9 dh mièkkjk ¼3,p½ ,oa ¼3&,½ ds rgr vfèklwpuk ls 3 o"kZ rd ,oa ;k vxys vkns'k rd tks Hkh igys gks] va'kdkfyd xSj&vfèkdkfjd funs'kd fu;qäA

2-2 o"kZ ds nkSjku funs'kdkas dh fu;qfDr@dk;Z&lekfIr

o"kZ 2015&16 ds nkSjku cSad ds funs'kd eaMy dh lajpuk esa fuEu ifjorZu gq,%

¼d½ fu;qfDr &

» Jh ,-ds- tSu dks foÙkh; lsok,a foHkkx] foÙk ea=ky;] Hkkjr ljdkj] uÃ fnYyh dh vfèklwpuk fnukad 15-12-2015 la[;k ,Q-ua- 4@5@2013&ch-vks-&I }kjk cSad ds dk;Zdkjh funs'kd ds :i esa fu;qä fd;k x;kA

» Jh vruq lsu dks foÙkh; lsok,a foHkkx] foÙk ea=ky;] Hkkjr ljdkj] uÃ fnYyh dh vfèklwpuk fnukad 28-01-2016 la[;k ,Q-ua- 6@24@2015&ch-vks-&I }kjk cSad dk va'kdkyhu xSj&vfèkdkfjd funs'kd ukfer fd;k x;kA

¼[k½ o"kZ ds nkSjku lsokfuo`r gksus okys funs'kd

» Jh egs'k dqekj xqIrk us lunh ys[kkdkj funs'kd ds :i esa fnukad 29-01-2016 dks viuk dk;Zdky iw.kZ fd;kA

Punjab & Sind Bank


+ Appointed in terms of GOI MOF letter No F.No.4/7/2013-BO-I dated 31st January 2014 as a whole time Director (designated as Chairman & Mg. Director) w.e.f. the date of taking charge on or after 01.02.2014 and upto 31.12.2017 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier.

* Appointed in terms of GOI MOF letter No F.No.4/5/2012-BO-I dated 5th August 2013 as Executive Director for a period of five years from the date of his taking over charge of the post , or until further orders, whichever is earlier.

** Appointed in terms of GOI MOF letter F.No.4/5/2013-BO-I dated 15th December 2015 as Executive Director w.e.f the date of his taking over the charge of the post and upto 31.01.2017 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier.

*** Appointed as Director in terms of GOI MOF letter No F.No.6/3/2012-BO-I dated 24th September 2014 under clause (b) of sub section (3) of section 9 of the The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 with immediate effect and until further orders.

@ Appointed as Director in terms of GOI MOF letter No F.No.6/34/2013-BO-I dated 31st May 2013 under clause (c) of sub section 3 of Section 9 of Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 with immediate effect and until further orders.

$ Elected from amongst the shareholders, other than the Central Government, in terms of Section 9 (3) (i) of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 read with Clause 9 (4 ) of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980 and Regulation 66 (i) of Punjab & Sind Bank (Shares & Meetings) Regulations,2008 for a period of 3 years, i.e. from 01.07.2014.

++ Appointed as part-time non-official Director in terms of GOI MOF letter No F.No.6/16/2011-BO-I dated 12th August 2013 under of sub section (3h) and (3-A) of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

# Elected from amongst the shareholders, other than the Central Government, in terms of Section 9 (3) (i) of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 read with Clause 9 (4) of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1980 and Regulation 66 (i) of Punjab & Sind Bank (Shares & Meetings) Regulations, 2008 for a period of 3 years, i.e. from 01.07.2014.

+++ Appointed as part-time non-official Director in terms of GOI MOF letter No F.No.6/56/2013-BO-I dated 30th January 2014 under of sub section (3h) and (3-A) of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 for a period of three years from the date of notification of her appointment or until further orders, whichever is earlier.

## Appointed as part-time non-official Director in terms of GOI MOF letter No F.No.6/24/2015-BO-I dated 28th January 2016 under of sub section (3h) and (3-A) of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/1980 for a period of three years from the date of notification of his appointment or until further orders, whichever is earlier.

2.2 Appointment / Cessation of Directors during the year:

The constitution of Bank’s Board of Directors underwent the following changes during the year 2015-2016:

[A] Appointment:

• Sh. A. K. Jain was appointed as Executive Director of the Bank vide Government of India, Ministry of Finance, Department of Financial Services, New Delhi Notification No. F.No. 4/5/2013-BO-I dated 15.12.2015.

• Sh. Atanu Sen was nominated as Part Time Non Official Director of the Bank vide Government of India, Ministry of Finance, Department of Financial Services, New Delhi Notification No.F.No. 6/24/2015-BO-I dated 28.01.2016.

[B] Outgoing Directors during the year:

• Sh. Mahesh Kumar Gupta completed his term as CA Category Director on 29.01.2016

iatkc ,.M fla/ cSad


2-3 o"kZ 2015&16 ds nkSjku fu;qDr funs'kdksa dk ifjp;%

¼d½ Jh ,-ds- tSu

Ø-Lka- C;©jk foLr`r fooj.k

1- iwjk uke Jh vjfoUn dqekj tSu

2- firk dk uke Jh vkuUn dqekj tSu

3- tUe frfFk ,oa vk;q 13-01-1957 rFkk 59 o"kZ

4- orZeku irk Ã-Mh- dk;kZy;] cSad gkml] 21] jktsaæ Iysl] uÃ fnYyh

5- Ãesy irk [email protected]

6- 'kSf{kd ;ksX;rk ,e,llh] ,y,ych

7- funs'kd ds :i esa fu;qfä dk Lo:i

dk;Zdkjh funs'kd

8- vuqHko HkwriwoZ eq[; egkçcaèkd] v‚fj;UVy cSad v‚Q d‚elZ

9- vU; funs'kd inkas dk fooj.k] ;fn dksÃ gS

&&&

¼[k½ Jh vruq lsu

Ø-Lka- C;©jk foLr`r fooj.k

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3- tUe frfFk ,oa vk;q 16-07-1954 rFkk 61 o"kZ

4- orZeku irk Mh,&193] lkYV ysd] dksydkrk & 700064

5- Ãesy irk [email protected]

6- 'kSf{kd ;ksX;rk ,e, vFkZ'kkL=] lh,vkÃvkÃch

7- funs'kd ds :i esa fu;qfä dk Lo:i

xSj&vfèkdkfjd funs'kd

8- vuqHko cSad lsokvksa dk 37 o"kZ dk vuqHko

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t; çdk'k i‚oj osaplZ fy-] vyksd baMLVªjht+ fy-] tsih gsYFk ds;j fy-] tsih QVÊykbtlZ baMLVªjht+ fy-

2-4 c¨MZ cSBdas %

foÙkh; o"kZ 2015&16 ds nkSjku] cksMZ dh fuEu frfFk;ksa ij dqy 09 cSBdsa gqÃ tksfd jk"Vªh;—r cSadksa ¼çcaèku ,oa fofoèk çkoèkku½ ;kstuk] 1980 esa fuèkkZfjr [k.M 12 dh U;wure 06 cSBdksa ds fo#) gSA

20-04-2015 12-05-2015 29-06-2015 08-08-2015 22-09-2015

07-11-2015 08-12-2015 11-02-2016 29-03-2016

Punjab & Sind Bank


2.3 Profiles of Directors appointed during 2015-16:

[A] Sh. A. K. Jain

SNO. PARTICULARS DETAIL

1. FULL NAME Sh. ARVIND KUMAR JAIN

2. FATHER’S NAME Sh. ANAND K JAIN

3. DATE OF BIRTH & AGE 13.01.1957 & 59 Years

4. PRESENT ADDRESS ED Office, Bank House, 21 Rajendra place, New Delhi

5. EMAIL ADDRESS [email protected]

6. EDUCATIONAL QUALIFICATION MSc., LLB

7. NATURE OF APPOINTMENT AS DIRECTOR

EXECUTIVE DIRECTOR

8. EXPERIENCE Ex. CGM Oriental Bank of Commerce

9. PARTICULARS OF OTHER DIRECTORSHIP (if any)

------

[B] Sh. ATANU SEN

SNO. PARTICULARS DETAIL

1. FULL NAME Sh. ATANU SEN

2. FATHER’S NAME Sh. KSHITI BHUSAN SEN

3. DATE OF BIRTH & AGE 16.07.1954 & 61 Years

4. PRESENT ADDRESS DA-193, SALT LAKE, KOLKATA-700064

5. EMAIL ADDRESS [email protected]

6. EDUCATIONAL QUALIFICATION MA Economics, CAIIB

7. NATURE OF APPOINTMENT AS DIRECTOR

NON OFFICIAL DIRECTOR

8. EXPERIENCE 37 Years Banking Experience

9. PARTICULARS OF OTHER DIRECTORSHIP (if any)

Jai Prakash Power Ventures Ltd, Alok Industries Ltd, Jaypee Healthcare Ltd, Jaypee Fertilizers Industries Ltd.

2.4 BOARD MEETINGS:

During the Financial Year 2015-16, total 9 Board Meetings were held on the following dates as against minimum of 6 meetings prescribed under Clause 12 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980.

20.04.2015 12.05.2015 29.06.2015 08.08.2015 22.09.2015

07.11.2015 08.12.2015 11.02.2016 29.03.2016

iatkc ,.M fla/ cSad


mi;qZä funs'kd eaMy dh cSBdksa esa funs'kdksa dh mifLFkfr dk fooj.k fuEu gS tks muds dk;Zdky ls lac) gS%

funs'kd dk uke

vof/ k

muds dk;Zdky ds n©jku

vk;¨ftr cSBdsa

cSBdsa] ftuesa

LkgHkkfxrk dh

,th,e fnukad 29-06-2015 dh mifLFkfr

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 2 2 ---

Jh ,l-vkj- esgj & Hkk-fj-cSa- ukfer funs'kd 01-04-2015 ls 31-03-2016 9 7 mifLFkrJh ih-ds- tsuk & Hkk-fj-cSa- ukfer funs'kd 01-04-2015 ls 31-03-2016 9 7 vuqifLFkrJh egs'k dqekj xqIrk & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 29-01-2016 7 6 vuqifLFkrJh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 9 7 vuqifLFkrJhefr vfurk d.kkZoj & xSj vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 9 9 mifLFkrJh ,l-ih- ccwrk & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 9 8 mifLFkrJh vruq lsu & xSj vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 2 2 ---

2-5 vkpkj Lkafgrk% funs'kd eaMy rFkk çeq[k çcaèku dkÆed vFkkZr~ funs'kdksa ,oa funs'kd ls ,d jSad uhps] ftuesa lHkh egkçcaèkd lfEefyr gSa] gsrq LV‚d

,Dlpsat esa lwphc)rk djkj esa lsch ¼lwph;u nkf;Roksa rFkk izdVu vfuok;Zrkvksa½ vf/kfu;e] 2015 ds fofu;eu 17¼5½ ds vuqikyu esa vkpkj lafgrk dks funs'kd eaMy }kjk vuqeksfnr dj fn;k x;k gSA mä vkpkj lafgrk dk cSad dh osclkbV www.psbindia.com ij voyksdu fd;k tk ldrk gSA funs'kd eaMy ds lHkh lnL;ksa ,oa egkçcaèkdksa us vkpkj lafgrk ds çfr lgefr O;ä dj nh gSA

3- lkekU; okÆ"kd cSBd% 'ks;jèkkjdksa dh vk;ksftr dh xÃ vafre rhu lkekU; vke cSBdksa dk fooj.k fuEu çdkj gS%

Lo:i fnu rFkk fnukad le; LFky,-th-,e- cq/kokj 26-06-2013 9-00 cts çkr% bafM;k baVjus'kuy lsUVj] 40&eSDl ewyj ekxZ] yksèkh bLVsV]

uÃ fnYyh&110003,-th-,e- lkseokj 30-06-2014 9-00 cts çkr% bafM;k baVjus'kuy lsUVj] 40&eSDl ewyj ekxZ] yksèkh bLVsV]

uÃ fnYyh&110003,-th-,e- lkseokj 29-06-2015 10-00 cts çkr% bafM;k baVjus'kuy lsUVj] 40&eSDl ewyj ekxZ] yksèkh bLVsV]

uÃ fnYyh&110003

dksÃ Hkh fo'ks"k çLrko foxr~ rhu ,-th-,e- esa Loh—r ugha fd;k x;kA

4- funs'kd¨a dh Lkfefr % cSad ds funs'kd eaMy us d‚jiksjsV xous±l rFkk tksf[ke çcaèku ç.kkyh ij Hkkjr ljdkj rFkk Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj

dk;Zuhfr ds egRoiw.kZ {ks=ksa ij fuxjkuh j[kus ds fy, funs'kdksa dh fofHkUu lfefr;ksa dk xBu fd;k gSA cksMZ desVh dh cSBdksa ds nkSjku çcaèku oxZ ekuo lalkèku@vkS|ksfxd lacaèk ds ifjpkyu] fu"iknu fodkl ij fopkj&foe'kZ ds lkFk&lkFk {ks=h; fodkl] mRiknu ds dk;Z fu"iknu] voljksa] pqukSfr;ksa] tksf[keksa vkSj mlls lacafèkr vko';drkvksa ds fo'ys"k.k ij tksj fn;k gSA funs'kd eaMy dh egRoiw.kZ lfefr;ka fuEu çdkj gSa&

Ø-Lka- Lkfefr dk uke1- funs'kd eaMy dh çcaèku lfefr ¼,elh½2- cksMZ dh ys[kk ijh{kk lfefr ¼,lhch½3- cM+h jkf'k dh èkks[kkèkM+h fuxjkuh lacaèkh lfefr

Punjab & Sind Bank


The details of attendance of the Directors at the aforesaid Board Meetings held during their respective tenure are as under:

Name of the Director Period Meetings held during their tenure

Meetings attended

Attendence of AGM held on 29.06.2015

Sh. Jatinderbir Singh - CMD 01.04.2015 to 31.03.2016 9 9 Attended

Sh. M.K. Jain – Executive Director 01.04.2015 to 31.03.2016 9 9 Attended

Sh. A.K. Jain – Executive Director 15.12.2015 to 31.03.2016 2 2 ---

Sh. S.R. Mehar- MOF Nominee Director 01.04.2015 to 31.03.2016 9 7 Attended

Sh. P.K. Jena- RBI Nominee Director 01.04.2015 to 31.03.2016 9 7 Absent

Sh. Mahesh Kumar Gupta- Non-Official Director 01.04.2015 to 29.01.2016 7 6 Absent

Sh. Sanjay Verma – Non Official Director 01.04.2015 to 31.03.2016 9 7 Absent

Smt. Anita Karnavar – Non Official Director 01.04.2015 to 31.03.2016 9 9 Attended

Sh. M.S. Sarang- Shareholder Director 01.04.2015 to 31.03.2016 9 9 Attended

Sh. S. P. Babuta- Shareholder Director 01.04.2015 to 31.03.2016 9 8 Attended

Sh. Atanu Sen - Non Official Director 28.01.2016 to 31.03.2016 2 2 --

2.5 Code of Conduct:

The Code of Conduct for Board of Directors and key Management Personnel i.e. Directors & one rank below Director comprising all General Managers has been approved by the Board of Directors in compliance of Regulation 17(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 with Stock Exchanges. The said Code of Conduct is posted on Bank’s website www.psbindia.com. All the Board Members and General Managers have since affirmed the compliance of the Code.

3. Annual General Meeting :

Details of last three Annual General Meetings of the shareholders held are given below:

Nature Day & Date Time Venue

AGM Wednesday, 26.06.2013 9.00 a.m. India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

AGM Monday, 30.06.2014 9.00 a.m. India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

AGM Monday, 29.06.2015 10.00 a.m. India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

No Special Resolution was passed in the previous three AGMs.

4. COMMITTEES OF DIRECTORS: The Board of Directors of the Bank has constituted various Committees of Directors to look into different areas of

strategic importance in terms of Reserve Bank of India and Government of India guidelines on Corporate Governance and Risk Management. The Management lays emphasis on the analysis of sectoral development, segment / product performance, opportunities, threats, risks & associated concern, besides operational performance & development of HR / IR in the discussions during the Board / Committee Meetings. The important Committees of the Board are as under:

SNo Name of the Committee1. Management Committee of the Board (MC)2. Audit Committee of Board (ACB)3. Committee for Monitoring Large Value Frauds

iatkc ,.M fla/ cSad


4- lrdZrk lfefr5- tksf[ke çcaèku lfefr6- xzkgd lsok lfefr7- ikfjJfed lfefr8- va'kèkkjd laidZ lfefr9- ekuo lalkèku lfefr10- lwpuk çkS|ksfxdh ;kstuk lfefr11- dk;Zikydksa dh inksUufr ij funs'kdksa dh lfefr12- vihy@leh{kk çkfèkdkjh ij funs'kdksa dh lfefr13- olwyh dh fuxjkuh lfefr14- 'ks;jèkkjd funs'kd pquko lfefr & lkoZtfud {ks= ds cSad esa ernku

4-1- funs'kd eaMy dh Áca/ ku Lkfefr %

cksMZ dh çcaèku lfefr dk xBu foÙk ea=ky;] Hkkjr ljdkj }kjk fd, x, la'kksèkuksa ds lkFk ifBr jk"Vªh;—r cSad ¼çcaèku ,oa fofoèk çkoèkku½ ;kstuk] 1980 ¼;Fkk la'kksfèkr½ ds [kaM & 13 ds vuqlj.k esa fd;k x;k gS tks vR;fèkd egRoiw.kZ dkjksckjh ekeys rFkk vfèkd jkf'k ds _.k çLrko eatwj djus] le>kSrk@cêk [kkrk çLrko] iwathxr ,oa jktLo O;; dh Loh—fr] ifjlj] fuos'k] nku vkfn ij fopkj djrh gSA

lfefr esa vè;{k ,oa çcaèk funs'kd] dk;Zdkjh funs'kd ¼vksa½ gksus vfuok;Z gSa vkSj Hkkjr ljdkj }kjk èkkjk 9¼3½¼lh½ ,oa 9¼3½¼th½ ds rgr ukfer funs'kdksa ds vfrfjDr cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh èkkjk 9¼3½ dh mièkkjk ¼Ã½¼,Q½¼,p½ o ¼vkÃ½ ds vèkhu fu;qä funs'kdksa esa ls rhu funs'kdksa dk lekos'k gSA

31 ekpZ] 2016 dks lfefr dh lajpuk bl çdkj gS&

Ø-Lka- funs'kd dk uke

1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd

2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd

3- Jh ,-ds- tSu & dk;Zdkjh funs'kd

4- Jh çnhIr ds- tsuk & Hkk-fj-cSa- ukfer funs'kd

5- Jh lq[ksu iky ccwrk & 'ks;jèkkjd funs'kd

6- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd

7- Jh vruq lsu & xSj&vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku cksMZ dh çcaèku lfefr dh fuEukafdr frfFk;ksa ij 11 cSBd dk vk;kstu gqvk%

12-05-2015 29-06-2015 30-07-2015 08-08-2015 21-09-2015

07-11-2015 08-12-2015 29-12-2015 12-02-2016 18-03-2016

29-03-2016

Punjab & Sind Bank


4. Vigilance Committee5. Risk Management Committee6. Customer Service Committee7. Remuneration Committee 8. Stakeholders Relationship Committee9. HR Committee

10. I T Strategy Committee11. Committee of the Board on Executives’ Promotions 12. Committee of the Board on Appellate / Reviewing Authority13. Committee for Monitoring of Recovery14. Election of Shareholder Director Committee-Voting by Public Sector Bank

4.1. Management Committee of the Board:

In pursuance of Clause 13 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1980 (as amended) read with the amendments made by the Ministry of Finance, Government of India, a Management Committee of the Board has been constituted to consider various business matters of material significance like sanction of high value credit proposals, compromise / write-off proposals, sanction of capital and revenue expenditure, premises, investments, donations etc.

The Committee mandate to consist of Chairman and Managing Director , Executive Director/s and Directors nominated by Government of India under Section 9 (3) (c) and besides three Directors from amongst those appointed under sub section (e) (f) (h) and (i) of section 9(3) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.

The composition of the Management Committee as on 31st March 2016 is as under:

SNo Name of the Director

1. Sh. Jatinderbir Singh- Chairman & Managing Director

2. Sh. M.K.Jain – Executive Director

3. Sh. A. K. Jain – Executive Director

4. Sh Pradipta.K. Jena – RBI Nominee Director

5. Sh Sukhen Pal Babuta – Shareholder Director

6. Sh. Sanjay Verma – Non-Official Director

7. Sh. Atanu Sen – Non-Official Director

During the Financial Year 2015-16, the Management Committee of the Board met on 11 occasions on the following dates:

12.05.2015 29.06.2015 30.07.2015 08.08.2015 21.09.2015

07.11.2015 08.12.2015 29.12.2015 12.02.2016 18.03.2016

29.03.2016

iatkc ,.M fla/ cSad


funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mä cSBdksa esa mudh mifLFkfr lacaèkh fooj.k fuEu gS&

funs'kd dk uke

vof/ k


vk;¨ftr cSBdsa

cSBdsa ftuesa

LkgHkkfxrk dhJh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 11 11Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 11 11Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 4 4Jh ih-ds- tsuk & Hkk-fj-cSa- ukfer funs'kd 01-04-2015 ls 31-03-2016 11 8Jh lq[ksu iky ccwrk & 'ks;jèkkjd funs'kd 01-04-2015 ls 05-08-2015

29-12-2015 ls 31-03-20167 7

Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 22-05-201511-02-2016 ls 31-03-2016

4 3

Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 05-08-2015 ls 04-02-2016 5 5Jhefr vfurk d.kkZoj & xSj vfèkdkfjd funs'kd 29-06-2015 ls 28-12-2015 6 6Jh vruq lsu & xSj vfèkdkfjd funs'kd 11-02-2016 ls 31-03-2016 3 2

4-2 cksMZ dh ys[kk ijh{k.k lfefr ¼,lhch½

cSad us d‚iksZjsV xous±l ds ewy fl)karksa ds vuq:i vkSj Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kksa ds vuqlj.k esa] cksMZ dh ys[kk ijh{kk lfefr xfBr dh gSA ,d xSj&dk;Zdkjh funs'kd] tksfd lunh ys[kkdkj gS] lfefr dk vè;{k gSA

ys[kk ijh{kk lfefr dk] vU; ckrksa ds lkFk&lkFk] çeq[k dk;Z cSad dh foÙkh; lwpuk ç.kkyh dh leh{kk vkSj vkdyu djuk gS rkfd ;g lqfuf'pr gks lds fd foÙkh; foojf.k;ka lgh] mi;qä vkSj foÜoluh; gSaA ;g lfefr cksMZ dks çLrqr djus ls igys frekgh@okÆ"kd foÙkh; foojf.k;ksa dh çcaèku ds lkFk leh{kk djrh gSA

;g ys[kk ijh{kk lfefr fn'kk&funsZ'k nsrh gS rFkk cSad ds lexz ys[kk ijh{kk dk;ksZa dh leh{kk djrh gS ftlesa laxBu ifjpkyu rFkk vkarfjd ys[kk ijh{kk dh xq.koÙkk fu;a=.k] dk;Z vkarfjd fu;a=.k nks"k vkSj cSad dh vkarfjd fujh{k.k O;oLFkk] cSad dh lkafofèkd@cká ys[kk ijh{kk lacaèkh vuqorÊ dkjZokÃ rFkk Hkkjrh; fjt+oZ cSad ds fujh{k.k lfEefyr gSA

lfefr vkarfjd fu;a=.k ç.kkyh] vkarfjd ys[kk ijh{kk foHkkx dh lajpuk] bldh LVkQ lajpuk dh leh{kk Hkh djrh gS vkSj fdlh egRoiw.kZ [kkst ds lacaèk esa vkarfjd ys[kk ijh{kdksa@fujh{kdksa ds lkFk fopkj&foe'kZ rFkk ml ij vuqorÊ dkjZokÃ djrh gSA ;g cSad dh foÙkh; o tksf[ke çcaèku uhfr;ksa dh leh{kk Hkh djrh gSA

lkafofèkd ys[kk ijh{kk ds lanHkZ esa ys[kk ijh{kk lfefr] okÆ"kd@frekgh foÙkh; [kkrksa ,oa fjiksVks± dks vafre :i nsus ls iwoZ] dsaæh; lkafofèkd ys[kk ijh{kdksa ds lkFk fopkj&foe'kZ djrh gSA ;g lfefr ykax QkeZ v‚fMV fjiksVZ ¼LFAR½ dh fofHkUu enksa ij vuqorÊ dkjZokÃ Hkh djrh gSA

31-03-2016 dks ys[kk ijh{k.k lfefr dh lajpuk bl çdkj gS%

1- Jh ,l-ih- ccwrk & 'ks;jèkkjd funs'kd ¼vè;{k½2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd4- Jh ih-ds- tsuk & Hkk-fj-cSa- ukfer funs'kd5- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku cksMZ dh ys[kk ijh{k.k lfefr ¼,lhch½ dh 07 voljksa ij cSBds fuEufyf[kr frfFk;ksa ij vk;ksftr dh xÃ%

12-05-2015 08-08-2015 22-09-2015 07-11-2015 08-12-2015 11-02-201629-03-2016

Punjab & Sind Bank


The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under:

Name of the Director Period Meetings held during their

tenure

Meetings attended

Sh. Jatinderbir Singh– CMD 01.04.2015 to 31.03.2016 11 11

Sh. M. K. Jain– ED 01.04.2015 to 31.03.2016 11 11

Sh. A. K. Jain- ED 15.12.2015 to 31.03.2016 4 4

Sh. P. K. Jena-RBI Nominee Director 01.04.2015 to 31.03.2016 11 8

Sh. Sukhen Pal Babuta- Shareholder Director 01.04.2015 to 05.08.2015, 29.12.2015 to 31.03.2016

7 7

Sh. Sanjay Verma- Non Official Director 01.04.2015 to 22.05.2015, 11.02.2016 to 31.03.2016

4 3

Sh. M S Sarang-Shareholder Director 05.08.2015 to 04.02.2016 5 5

Smt. Anita Karnavar- Non Official Director 29.06.2015 to 28.12.2015 6 6

Sh. Atanu Sen- Non Official Director 11.02.2016 to 31.03.2016 3 2

4.2. Audit Committee of Board (ACB): The Bank, in consonance with the fundamentals of Corporate Governance and in pursuance of directives of the Reserve

Bank of India, has constituted an Audit Committee of the Board. A Non-Executive Director, who is a Chartered Accountant, is the Chairman of the Committee.

The main functions of Audit Committee inter-alia include assessing and reviewing the financial reporting system of the Bank to ensure that the financial statements are correct, sufficient and credible. It reviews and recommends to the Management the quarterly / annual financial statements before their submission to the Board.

The Audit Committee provides directions and oversees the operations of total audit functions of the Bank including the organization, operation and quality control of internal audit, internal control weaknesses and inspection within the Bank and follow-up of the suggestions of Statutory/External audit of the Bank and RBI inspections.

The Audit Committee also reviews the adequacy of internal control systems, structure of internal audit department, its staffing pattern and hold discussions with the internal auditors / inspectors on any significant finding and follow-up action thereon. It further reviews the financial and risk management policies of the Bank.

As for Statutory Audit, the Audit Committee interacts with the Statutory Central Auditors before finalization of Quarterly / Year to date / Annual Financial Results and Reports. It also maintains follow up on various issues raised in the Long Form Audit Report (LFAR).

The composition of the Audit Committee as on 31st March, 2016 is as under:

S. No. Name of Director1. Sh S. P. Babuta - Shareholder Director (Chairperson)2. Sh M. K. Jain – Executive Director3. Sh S. R Mehar – MOF Nominee Director4. Sh P. K. Jena – RBI Nominee Director5. Sh M. S. Sarang - Shareholder Director

During the Financial Year 2015-16, the Audit Committee of the Board (ACB) met on 07 occasions on the dates given below:

12.05.2015 08.08.2015 22.09.2015 07.11.2015 08.12.2015 11.02.2016

29.03.2016

iatkc ,.M fla/ cSad


funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mDr cSBdksa esa mudh mifLFkfr fooj.k fuEu gS%

Ø-Lka- funs'kd dk uke vof/ kmuds dk;Zdky

ds n©jku vk;¨ftr cSBdsa

cSBdsa] ftuesa LkgHkkfxrk

dh

1- Jh lq[ksu iky ccwrk&'ks;jèkkjd funs'kd ¼fnukad 30-01-2016 ls vè;{k½ 01-04-2015 ls 31-03-2016 7 6

2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 7 7

3- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 7 5

4- Jh ih-ds- tsuk & Hkk-fj-cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 7 5

5- Jh egs'k dqekj xqIrk & xSj&vfèkdkfjd funs'kd ¼vè;{k fnukad 01-04-2015 ls 29-01-2016½ 01-04-2015 ls 29-01-2016 5 5

6- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 29-01-2016 ls 31-03-2016 2 2

4-3 cM+h jkf'k ds èkks[kkèkM+h ekeyksa dh fuxjkuh lfefr%

Hkkjrh; fjt+oZ cSad us vius i= fnukad 14 tuojh] 2004 la- vkjchvkÃ@2004-5- Mhch,l-,Qthoh¼,Q½ ua-1004@23-04-01,@2003&04 ds ekè;e ls èkks[kkèkM+h dk irk yxkus] fu;ked rFkk çorZu ,tsafl;ksa dks mldh lwpuk vkSj èkks[kkèkM+h ds vijkèkh ij —R; ds fo#) dkjZokÃ tSls fofHkUu igyqvksa esa foyEc ds fo"k; esa lwfpr fd;k FkkA vr% ;g lq>ko fn;k x;k fd cksMZ dh ,d mi lfefr xfBr dh tk, tks fd dsoy 1 djksM+ ds #i, vkSj mlls Åij dh jkf'k dh èkks[kkèkM+h lacaèkh ekeyks dh fuxjkuh rFkk vuqorÊ dkjZokÃ dk dk;Z gh djsxhA cksMZ dh ys[kk ijh{kk lfefr lkekU;r% èkks[kkèkM+h ds lHkh ekeyksa dh fuxjkuh tkjh j[ksxhA

lfefr ds eq[; dk;ksZ esa vU; ckrksa ds lkFk&lkFk 1 djksM+ #i, vkSj mlds Åij dh jkf'k dh èkks[kkèkM+h dh fuxjkuh rFkk leh{kk lfEefyr gS rkfd

» èkks[kkèkM+h ds vkijkfèkd —R; esa ç.kkyhxr [kkfe;ksa dk irk yxkus vkSj mu ij fu;a=.k djus ds mik; fd, tk ldsA

» èkks[kkèkM+h ds irk yxkus esa foyac ds dkj.kksa dh igpku rFkk cSad ,oa Hkkjrh; fjt+oZ cSad ds mPp çcaèkdksa dks mldh fjiksÉVxA

» lhchvkÃ@iqfyl tkap&iM+rky dh çxfr rFkk olwyh dh fLFkfrA

» lqfuf'pr djuk fd èkks[kkèkM+h ds lHkh ekeyksa esa lHkh Lrjksa ij LVkQ mÙkjnkf;Ro dk ijh{k.k gks vkSj LVkQ ij dkjZokÃ ;fn visf{kr gks rks vfoyac gksA

» èkks[kkèkM+h dh iqujko`fÙk ds fuokj.k gsrq dh xÃ mipkjkRed dkjZokÃ dh çHkkoksRikndrk dh leh{kk ;Fkk vkarfjd fu;a=.k dks l'kä djuk ,oa èkks[kkèkM+h ds f[kykQ fuokjd mik;ksa dks l'kä djus gsrq ;Fkko';d vU; mik;ksa dks djukA

31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS%

Ø-Lka- funs'kd dk uke




4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd


6- Jhefr vfurk d.kkZoj & xSj&vfèkdkfjd funs'kd

Punjab & Sind Bank


The details of attendance of the Directors at the Meetings of the Committee held during their respective tenure are as under:

Sr. No Name of the Director Period

Meetings held

during their tenure

Meetings attended

1. Sh Sukhen Pal Babuta - Shareholder Director (Chairperson w.e.f. 30.1.2016) 01.04.2015 to 31.03.2016 7 6

2. Sh. M. K. Jain - ED 01.04.2015 to 31.03.2016 7 7

3. Sh S.R.Mehar– MoF Nominee Director 01.04.2015 to 31.03.2016 7 5

4. Sh P.K.Jena- RBI Nominee Director 01.04.2015 to 31.03.2016 7 5

5. Sh Mahesh Kumar Gupta- Non Official Director (Chairperson from 01.04.2015 to 29.01.2016) 01.04.2015 to 29.01.2016 5 5

6. Sh M. S. Sarang -Shareholder Director 29.01.2016 to 31.03.2016 2 2

4.3 Committee for Monitoring of Large Value Frauds:

Reserve Bank of India vide its letter No.RBI/2004.5.DBS.FGV(F)No.1004/23.04.01A/2003-4 dated 14th January, 2004 informed about the delay in various aspects of frauds like detection, reporting to regulatory and enforcement agencies and action against the perpetrators of the frauds. It was therefore, suggested to constitute a Sub-committee of the Board, which would be exclusively dedicated to monitor and follow up of fraud cases of Rs.1.00 crore and above. The Audit Committee of the Board will continue to monitor all the cases of frauds in general.

The major functions of the Committee, inter-alia, include monitoring and review of all the frauds of Rs.1.00 crore and above so as to:

(a) Identify the systemic lacunae if any that facilitated perpetration of the fraud and put in place measures to plug the same

(b) Identify the reasons for delay in detection, if any, reporting to top management of the Bank and RBI

(c) Monitor progress of CBI/Police investigation and recovery position

(d) Ensure that staff accountability is examined at all levels in all the cases of frauds and staff side action, if required, is completed quickly without loss of time

(e) Review the efficacy of the remedial action taken to prevent recurrence of frauds, such as strengthening of internal controls and put in place other measures as may be considered relevant to strengthen Preventive measures against frauds.

The composition of the Committee as on 31st March, 2016 is as under:

Sr. No. Name of the Director

1. Shri Jatinderbir Singh- CMD

2. Shri M.K. Jain – Execuitve Director

3. Shri A.K. Jain – Execuitve Director

4. Shri S.R.Mehar – MOF Nominee Director

5. Shri Sanjay Verma- Non- Official Director

6. Smt. Anita Karnavar – Non Official Director

iatkc ,.M fla/ cSad


foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh 4 cSBdsa vk;ksftr dh xÃ ftudk fooj.k fuEu gS%

30-06-2015 22-09-2015 12-02-2016 29-03-2016

funs'kdksa dk mudh vofèk ds nkSjku mifLFkrh dk fooj.k bl çdkj gS%

uke

dk;Zdky

muds dk;Zdky ds n©jku vk;¨ftr cSBd¨a dh Lka[;k

cSBd¨a esa LkgHkkfxrk

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 2 2Jh egs'k dqekj xqIrk & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 29-01-2016 2 1Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 4 2Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-01-2016 4 2Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 4

Hkkjrh; fjt+oZ cSad us vius i= fnukad 16-09-2009 la- Mhch,l-lhvks-,Qvkj,elh- ua- 7@23-04-001@2009&10 }kjk lwfpr fd;k gS fd èkks[kkèkM+h ds ekeyksa esa vko';d dkjZokÃ djus gsrq çHkkoh tkap dh tk, vkSj bldh lwpuk lgh çkfèkdkjh dks rqjar nh tk,A Hkkjrh; fjt+oZ cSad dh lykg ij] cSad us çèkku dk;kZy; fujh{k.k foHkkx ds varxZr~ 1 djksM+ #i, vkSj mlls Åij ds ekeyksa dk fo'ks"k dk;Z djus gsrq dsaæh; l?ku ifjpkyu bdkÃ dh LFkkiuk dh gSA

fnukad 12-12-2012 ds cksMZ ladYi la[;k 20214 ds vuqlkj] ,d Lora= u, foHkkx Þèkks[kkèkM+h fuxjkuh foHkkxß dh fnukad 07-02-2013 dks ,d gh LFkku ij LFkkiuk dh xÃ gS rkfd fd, x, ç;klksa esa fdlh çdkj dh dksrkgh vkSj deh u gks ldsA iwoZ esa èkks[kkèkM+h ds ekeyksa dh nks LFkkuksa ij ns[kHkky dh tkrh Fkh vFkkZr~ #-1 djksM+ ,oa mlls Åij ds ekeyksa dks çèkku dk;kZy; fujh{k.k foHkkx tcfd #-1 djksM+ ls de jkf'k ds ekeyksa dh ns[kHkky ç-dk- lrdZrk foHkkx }kjk dh tkrh FkhA u, çkoèkku ls èkks[kkèkM+h ds ekeyksa dh utnhdh fuxjkuh] iqjkus èkks[kkèkM+h ds ekeyksa ij rqjar dkjZokÃ vkSj çHkkoh vuqorÊ dkjZokÃ ds lkFk ckj&ckj gksus okyh èkks[kkèkM+h dks jksdus gsrq fujksèkkRed mik; fd, tk ldsaxs ftlls Hkkjrh; fjt+oZ cSad dks le; ls èkks[kkèkM+h dh lwpuk nh tk ldsxhA

cksMZ dh fo'ks"k lfefr ¼,l-lh-ch-½ ds funsZ'kksa ds vuqlkj] èkks[kkèkM+h ds ekeyksa esa gks jgh o`f) ds dkj.k fo'ks"kdj tgk¡ laifÙk dks çfrHkwfr ds :i esa j[kk tkrk gS] ,d lfefr dk xBu fd;k x;k gSA laifÙk dk ewY;kadu] gd foys[k dh okLrfodrk vkSj cgqfoèk caèkhdj.k ,sls igpkus x, eq[; {ks= gSaA

4-4 LkrdZrk Lkfefr % foÙk ea=ky; ds i= fnukad 24-10-1990 la- 10@12@90@lrdZrk@lhohvks dh 'krksZ ds vuq:i] cSad us lrdZrk lacaèkh dk;kasZ

dh leh{kk ds –f"Vdks.k ls] lrdZrk vuq'kklu lacaèkh ekeyksa ds rqjar fuiVku gsrq çHkkoh fuxjkuh vkStkj ds :i esa cksMZ dh ,d lrdZrk lfefr dk fuEu lnL;ksa ds lkFk xBu fd;k gSA

Ø-Lka- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ih-ds- tsuk & Hkkjrh; fjt+oZ cSad ukfer funs'kd5- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr us fuEu fooj.k ds vuqlkj pkj voljksa ij cSBd dh%

30-06-2015 07-11-2015 08-12-2015 12-02-2016

Punjab & Sind Bank


The Committee met four times during the Financial Year 2015-16 as per the details below:

30.06.2015 22.09.2015 12.02.2016 29.03.2016

The details of attendance of directors during their tenure are as under:


Meetings Attended

Shri Jatinderbir Singh-CMD 01.04.2015 to 31.03.2016 4 4

Shri M. K. Jain – Executive Director 01.04.2015 to 31.03.2016 4 4

Shri A. K. Jain – Executive Director 15.12.2015 to 31.03.2016 2 2

Shri. Mahesh Kumar Gupta- Non-Official Director 01.04.2015 to 29.01.2016 2 1

Shri S.R Mehar – MOF Nominee Director 01.04.2015 to 31.03.2016 4 2

Shri. Sanjay Verma – Non official Director 01.04.2015 to 31.03.2016 4 2

Smt. Anita Karnavar - Non official Director 01.04.2015 to 31.03.2016 4 4

RBI, vide letter No. DBS. CO. FrMC. No. 7/23.04.001/2009-10 dated 16.09.2009 had advised to initiate necessary action in respect of effective investigation in fraud cases and prompt reporting to appropriate authority. The Bank has since then set up a Centralized Dedicated Operating Unit under the aegis of HO Inspection Department to undertake distinct functions relating to frauds above Rs. 1.00 crore as advised by RBI.

In terms of Board Resolution no. 20214 dated 12.12.2012, a new independent Deptt named ‘Fraud Monitoring Department’ has been working since 07.02.2013 at one place, leaving no scope to overlapping and duplicity of effort. Earlier, fraud cases were dealt at two places viz the large value fraud of Rs. one crore & above at HO. Inspection Deptt, where as frauds below the amount of Rs. one crore were being dealt by HO. Vigilance Deptt. The new set up resulted in close monitoring of fraud cases, faster closure of old fraud cases and effective follow up and implementation of preventive measures to check the recurrence of frauds & improvement in timely reporting of frauds to RBI.

In terms of the directions of Special Committee of Board (SCB), a Committee has also been formed in view of increasing trend of frauds particularly in those cases where property is kept as security. The identified vulnerable areas are valuation of property, genuineness of the title deeds and multiple mortgages.

4.4 Vigilance Committee

With a view to make the review of vigilance work an effective instrument of monitoring the speedy disposal of vigilance disciplinary cases, a Vigilance Committee of the Board has been setup in the Bank in terms of Ministry of Finance letter

No.10/12/90/VIG/CVOs dated 24.10.1990 with following members:

S. No. Name of Director


2. Shri M.K. Jain – Executive Director

3. Shri A.K. Jain – Executive Director

4. Shri P.K.Jena - RBI Nominee Director

5. Shri S.R.Mehar - MOF Nominee Director

The Committee met four times during the Financial Year 2015-16 as per the details below:

30.06.2015 07.11.2015 08.12.2015 12.02.2016

iatkc ,.M fla/ cSad


funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mä cSBdksa esa mudh mifLFkfr lacaèkh fooj.k fuEu çdkj gS&

funs'kd dk uke

vof/ k


vk;¨ftr cSBdsa

cSBdsa] ftuesa

LkgHkkfxrk dhJh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 4 1Jh ,l-vkj- esgj & foÙk ea=ky; ukfer 01-04-2015 ls 31-03-2016 4 4

4-5- t¨f[ke Áca/ ku Lkfefr %

cSad us leLr tksf[keksa dh leh{kk ,oa ewY;kadu djus ds fy, cksMZ Lrj dh tksf[ke çcaèku lfefr dk xBu fd;k gSA

lfefr eq[; rhu tksf[ke fØ;kvksa tSls _.k tksf[ke] cktkj tksf[ke ,oa ifjpkyu tksf[ke dh leh{kk djrh gS vkSj fo"k; ij leqfpr fopkj djrh gS ,oa ;fn vko';d gks rks lgh funsZ'k tkjh djrh gSA

fnukad 31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd5- Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd6- Jh vruq lsu & xSj vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr us fuEu fooj.k ds vuqlkj pkj voljksa ij cSBd dh%

29-06-2015 21-09-2015 08-12-2015 11-02-2016

funs'kd lnL;ksa dh muds dk;Zdky ds nkSjku lfefr dh vk;ksftr mä cSBdksa esa mudh mifLFkfr lacaèkh fooj.k fuEu gS&

funs'kd dk uke

vof/ k

muds dk;Zdky ds n©jku vk;¨ftr

cSBdsa

cSBdsa] ftuesa

LkgHkkfxrk dhJh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ih-ds- tsuk & funs'kd ¼Hkk-fj- cSad ukfer½ 01-04-2015 ls 29-03-2016 4 3Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 2Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 4Jh vruq lsu & xSj vfèkdkfjd funs'kd 29-03-2016 ls 31-03-2016 0 0

cSad us ,d okLrfod tksf[ke çcaèku ds <k¡ps dk xBu fd;k gS ftlesa tksf[ke çcaèku laxBu <¡kpk] tksf[ke fl)kar] tksf[ke fu;a=.k ,oa tksf[ke ys[kk ijh{k.k lfEefyr gSa tks fd lHkh _.k tksf[ke] cktkj tksf[ke ,oa ifjpkyu tksf[ke vkfn dks igpkuus] çcaèku] fuxjkuh djus ds –f"Vdks.k ls gSA blds ihNs ewy y{; ;g lqfuf'pr djuk gS fd cSad ds ifjpkyu esa LFkkf;Ro ,oa dk;Z{kerk cuh jgs vkSj cSad ds fgrksa dh lqj{kk dh ns[kHkky gksrh jgsA

Punjab & Sind Bank




Meetings attended

Shri Jatinderbir Singh–CMD 01.04.2015 to 31.03.2016 4 4

Shri M. K. Jain– Executive Director 01.04.2015 to 31.03.2016 4 4

Shri A. K. Jain– Executive Director 15.12.2015 to 31.03.2016 1 1

Shri P. K. Jena– RBI Nominee Director 01.04.2015 to 31.03.2016 4 1

Shri S. R. Mehar– MOF Nominee Director 01.04.2015 to 31.03.2016 4 4

4.5. Risk Management Committee: The Bank has constituted a Board level Risk Management Committee to review and evaluate the overall risks assumed

by the Bank. The Committee reviews three important risk functions viz. Credit Risks, Market Risks and Operational Risks and takes an

integrated view of the subject and impart suitable directions if required.

The composition of the Committee as on 31st March, 2016 is as under: S. No. Name of Director

1. Shri Jatinderbir Singh- CMD2. Shri M. K. Jain – Executive Director3. Shri A. K. Jain – Executive Director4. Shri Sanjay Verma - Non official Director5. Smt. Anita Karnavar - Non official Director6. Shri Atanu Sen - Non official Director

The Committee met four times during the Financial Year 2015-16 as per the details below:29.06.2015 21.09.2015 08.12.2015 11.02.2016



Meetings attended


Shri M. K. Jain-Executive Director 01.04.2015 to 31.03.2016 4 4

Shri A. K. Jain-Executive Director 15.12.2015 to 31.03.2016 1 1

Shri P. K. Jena –RBI Nominee Director 01.04.2015 to 29.03.2016 4 3

Shri Sanjay Verma – Non Official Director 01.04.2015 to 31.03.2016 4 2

Smt.Anita Karnavar – Non Official Director 01.04.2015 to 31.03.2016 4 4

Sh. Atanu Sen - Non Official Director 29.03.2016 to 31.03.2016 0 0

The Bank has set up an appropriate risk management architecture, comprising Risk Management Organizational Structure, Risk Principles, Risk Processes, Risk Control and Risk Audit, all with a view to ideally identify, manage, monitor and control various categories of risks, viz. Credit Risk, Market Risk and Operational Risk, etc. The underlying objective is to ensure continued stability and efficiency in the operations of the Bank and to look after the safety of the Bank.

iatkc ,.M fla/ cSad


4-6 xzkgd Lksok Lkfefr %

¼d½ c¨MZ dh xzkgd Lksok Lkfefr %

cSad us cksMZ dh ,d mi lfefr dk xBu fd;k gS tks fd ^cksMZ dh xzkgd lsok lfefr* ds uke ls tkuh tkrh gSA 31 ekpZ] 2016 dks lfefr ds fuEu lnL; gSa &

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 5- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd

lfefr ds dk;ksZa esa xzkgd lsokvksa dh xq.koÙkk dks csgrj cukus ds fy, lq>ko rFkk uoksUes"kh mik;ksa ds fy, IysVQkeZ dk l`tu djuk rFkk lHkh laoxZ ds xzkgdksa gsrq larqf"V ds Lrj esa lqèkkj djuk 'kkfey gS ftlesa lkFk&lkFk fuEufyf[kr dk lekos'k gS%

i. xzkgd lsok ij 'kh"kZ lfefr ds :i esa dk;Z djrh gS vkSj lkoZtfud lsokvksa dh çfØ;k ,oa ys[kk ijh{kk dk;Z&fu"iknu lacaèkh LFkk;h lfefr ds dk;ks± dh ns[k&js[k djuk rFkk xzkgd lsokvksa dh LFkk;h lfefr ¼lh-ih-ih-,-ih-,l-½ dh flQkfj'kksa ds vuqikyu dks lqfuf'pr djukA

ii. vfèkfu.kZ; dh rkjh[k ls rhu eghus ls vfèkd vofèk ds xqtj tkus ij Hkh ykxw u fd, x, 'ks"k vfèkfu.kZ;ksa rFkk cSaÇdx yksdiky }kjk cSaÇdx lsok,a çnku djus esa ik;h xÃ dfe;ksa dh fLFkfr dh leh{kk djukA

iii. xzkgd lsok esa xq.koÙkk esa o`f) ykus gsrq uoksUes"kh mik; djuk vkSj lHkh Lrjksa ij xzkgd larqf"V esa lqèkkj djukA

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fuEu frfFk;ksa ij cSBdsa gqbZ%

29-06-2015 21-09-2015 08-12-2015 11-02-2016

funs'kdksa dh mifLFkfr dk C;kSjk bl çdkj gS%

funs'kd dk uke vof/ k muds dk;Zdky ds n©jku vk;¨ftr

cSBdsa

cSBdsa ftuesa LkgHkkfxrk dh

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 4 3Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 4 4

¼[k½ xzkgd lsok ij LFkk;h lfefr% Hkkjrh; fjt+oZ cSad ds fn'kk&funsZ'kkuqlkj] cSad ds funs'kdksa dh xfBr mi lfefr ds vfrfjä xzkgd lsokvksa ij ,d LFkk;h lfefr

dk xBu fd;k gS ftlesa cSad ds 2 egkçcaèkd ,oa lekt ds 3 vU; çfrf"Br O;fä lnL;ksa ds :i esa lfEefyr gSaA cSBd dh vè;{krk] cSad ds dk;Zdkjh funs'kd }kjk dh tkrh gSA

lfefr ds eq[; dk;Z gSa&

(i) cSad }kjk xzkgd dsafær mik;ksa ij fopkj djukA

(ii) vkapfyd dk;kZy;ksa ls tkudkjh çkIr dj] mls cksMZ dh xzkgd lfefr ds le{k vko';d uhfr@çfØ;kRed dkjZokÃ djus gsrq çLrqr djuk] ftlls gks jgs ifjorZuksa dh lqfoèkk nh tk ldsA

Punjab & Sind Bank


4.6 Customer Service Committee:

(a) Customer Service Committee of the Board

The Bank has constituted a sub-committee of Board, known as ‘Customer Service Committee of the Board'. The Committee has the following members as on 31st March, 2016:



2. Shri M. K. Jain – Executive Director

3. Shri A. K. Jain – Executive Director

4. Shri S. R. Mehar – MOF Nominee Director

5. Shri M. S. Sarang – Shareholder Director

The functions of the Committee include creating a platform for making suggestions and innovative measures for enhancing the quality of customer service and improving the level of satisfaction for all categories of clientele at all times, which inter-alia comprises the following: i. Act as apex Committee on Customer Service and oversees the functioning of the Standing Committee on Customer

Service and also compliance with the recommendations of the Committee on Procedure and Performance Audit on Public Service (CPPAPS).

ii. Review the status of the Awards remaining unimplemented for more than 3 months from the date of Awards and also deficiencies in providing banking services as observed by the Banking Ombudsman.

iii. Mount innovative measures for enhancing the quality of customer service and improving level of customer satisfaction for all categories of clientele

During the Financial Year 2015-16, the Committee met on the following dates:

29.06.2015 21.09.2015 08.12.2015 11.02.2016

The details of attendance of the Directors are as under:

Name of the Director Period

Meetings held during the period

of their tenure

Meetings attended

Shri Jatinderbir Singh - CMD 01.04.2015 to 31.03.2016 4 4 Shri M.K. Jain - Executive Director 01.04.2015 to 31.03.2016 4 4 Shri A.K. Jain - Executive Director 15.12.2015 to 31.03.2016 1 1 Shri S.R. Mehar- MOF Nominee Director 01.04.2015 to 31.03.2016 4 3 Shri M.S. Sarang- Shareholder Director 01.04.2015 to 31.03.2016 4 4

(b) Standing Committee on Customer Service:

Besides, the Sub Committee of the Board as aforesaid, the Bank has also set up a Standing Committee on Customer Service having two General Managers of the Bank and three other eminent public personalities as members, as per the guidelines of Reserve Bank of India. The Committee is chaired by the Executive Director of the Bank.

Main functions of the committee are:

(i) To take stock of the customer centric measures taken by the Bank.

(ii) To get feedback from the Zonal Offices and put up the same on customer service committee of the Board for necessary Policy / Procedural action facilitate change on an ongoing basis.

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31-03-2016 dks lfefr dh lajpuk bl çdkj gS%

Ø-la- funs'kd dk uke

1- Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd

2- Jh ,l-vkj- esgj & ukfer funs'kd ¼foÙk ea=ky;½

3- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd


lfefr dh foÙkh; o"kZ 2015&16 ds nkSjku fnukad 29-03-2016 dks cSBd gqÃA

funs'kdksa dh mifLFkfr dk fooj.k fuEu çdkj gS%


cSBdsa

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Jh ih-ds- tsuk & Hkk-fj-cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 1 1

Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 1 0Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 1 1Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 1 1

4-8 'ks;j/kkjd laca/k lfefr

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va'kèkkjdksa] fMcsapjèkkjdksa vkSj vU; çfrHkwfrèkkjdksa ds ifjoknksa ds fuokj.k djus dh çfØ;k ds fy, 'ks;jèkkjd lacaèkh lfefr dk xBu fd;k x;k gSA fnukad 31 ekpZ] 2016 dks lfefr dh lajpuk fuEu çdkj gS%

Ø-la- funs'kd dk uke1- Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd ¼vè;{k½2- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd3- Jh ,e-ds- tSu & dk;Zdkjh funs'kd4- Jh ,-ds- tSu & dk;Zdkjh funs'kd5- Jh lq[ksu iky ccwrk & 'ks;jèkkjd funs'kd

foÙkh; o"kZ 2015&16 esa lfefr dh fuEu frfFk;ksa ij cSBdsa gqÃA

12-05-2015 08-08-2015 07-11-2015 11-02-2016

Punjab & Sind Bank


4.7 Remuneration Committee:

Government of India announced Performance Linked Incentives for Whole Time Directors of Public Sector Banks vide Notification No.F No.20/1/2005-BO-I dated 9th March, 2007. The incentive is based on certain qualitative as well as quantitative parameters fixed for Performance Evaluation Matrix on the basis of the statement of intent on goals and benchmarks based on various compliance reports during the previous financial year. In compliance of the said directives, a Remuneration Committee of the Board was constituted for evaluation of the performance and incentive amount to be awarded / paid during the year.

The composition of the present Committee as on 31st March, 2016 is as under: S. No. Name of Director

1. Shri P. K. Jena – RBI Nominee Director2. Shri S. R. Mehar – MOF Nominee Director3. Shri M. S. Sarang – Shareholder Director4. Shri Sanjay Verma – Non Official Director

The Committee met on 29.03.2016 during the financial year 2015-16.

The details of attendance of the Directors are as under:

Name of the Director Period

Meetings held during the period

of their tenure

Meetings attended

Shri P.K. Jena, RBI Nominee Director 01.04.2015 to 31.03.2016 1 1

Shri S. R. Mehar – MOF Nominee Director 01.04.2015 to 31.03.2016 1 0

Sh. M.S.Sarang – Shareholder Director 01.04.2015 to 31.03.2016 1 1

Sh. Sanjay verma- Non Official Director 01.04.2015 to 31.03.2016 1 1

4.8 Stakeholders Relationship Committee:

SEBI vide Circular dated 17.04.2014, has reviewed the provisions of the Listing Agreement relating to Corporate Governance as per provisions of Companies Act, 2013 and has notified revised Clause 49 of the Listing Agreement relating to Corporate Governance w.e.f. 01.10.2014. Clause 49(VIII)(E) provides that a Committee under the Chairmanship of a non-executive Director named as “Stakeholders Relationship Committee” shall be formed to redress shareholders and investors complaints, if any.

The Stakeholders Relationship Committee has been constituted to look into the mechanism of redressal of grievances of Shareholders, Debenture holders and other security holders. The composition of the Committee as on 31st March 2016 is as under:

S. No. Name of Director1. Shri M.S.Sarang – Shareholder Director (Chairperson)2. Shri Jatinderbir Singh – Chairman & Managing Director3. Shri M. K. Jain – Executive Director4. Shri A.K.Jain – Executive Director5. Shri S. P. Babuta – Shareholder Director

The Committee met on the following dates during the Financial Year 2015-16 12.05.2015 08.08.2015 07.11.2015 11.02.2016

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lfefr dh mDr cSBd esa funs'kdksa dh mifLFkfr muds dk;Zdky ds vuqlkj fuEu çdkj gS%

funs'kd dk uke vof/ k muds dk;Zdky ds n©jku vk;¨ftr cSBdsa

cSBdsa ftuesa LkgHkkfxrk dh

Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1Jh ,e-,l- lkjax & 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 4 4Jh lq[ksu iky ccwrk& 'ks;jèkkjd funs'kd 01-04-2015 ls 31-03-2016 4 3

lfefr fuos'kdksa dh f'kdk;rksa ds fuokj.k ds fy, le;c) :i ls fuxjkuh djrh gSA

o"kZ ds nkSjku çkIr ,oa fuokj.k dh xÃ f'kdk;rksa@fuosnuksa dh la[;k dk lkjka'k fuEu çdkj gS%

01-04-2015 dk 'ks"k o"kZ ds nkSjku çkIr o"kZ ds nkSjku fuokj.k 31-03-2016 dks cdk;k

'kwU; 04 04 'kwU;

fnukad 31-03-2016 dks dksÃ Hkh f'kdk;r yafcr ugha FkhA Jh vthr flag vgwtk] daiuh lfpo dks lsch ds vfèkfu;e 6 dh 'krks± ds vuqlkj ¼lwphdj.k nkf;Ro rFkk çdVhdj.k vfuok;Zrkvksa½ vfèkfu;e] 2015 ds rgr cSad ds Þvuqikyu vfèkdkjhß ds :i esa ukfer fd;k x;k gSA

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;kstukvksa dks xfr çnku djus vkSj fofHkUu ;wfu;uksa rFkk ,lksfl,'ku ds lkFk fopkj&foe'kZ djus gsrq fd;k x;k gSA vè;{k ,oa çcaèk funs'kd] dk;Zdkjh funs'kd vkSj vU; dksÃ lnL;ksa ds eè; ls cSBd ds dksje ds fy, vko';d gSA cSBd dHkh Hkh vko';d gks] dh tk ldrh gS ysfdu frekgh esa de ls de ,d ckj vko';d gSA

fnukad 31 ekpZ] 2016 dks lfefr dh lajpuk fuEu çdkj gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 5- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd6- Jhefr vfurk d.kkZoj & xSj&vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fuEu frfFk;ksa ij cSBdsa gqÃ%

30-06-2015 21-09-2015 12-02-2016 29-03-2016

lfefr dh mDr cSBd esa funs'kdksa dh mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%

funs'kd dk uke vof/ k muds dk;Zdky ds n©jku vk;¨ftr cSBdsa


Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 4 4Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 2 2Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 4 2Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 3Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 4 4

Punjab & Sind Bank


The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under: Name of the Director Period Meetings held

during the period of their tenure

Meetings attended

Shri Jatinderbir Singh-CMD 01.04.2015 to 31.03.2016 4 4Shri M. K. Jain - Executive Director 01.04.2015 to 31.03.2016 4 4Shri A. K. Jain - Executive Director 15.12.2015 to 31.03.2016 1 1 Shri M. S. Sarang – Shareholder Director 01.04.2015 to 31.03.2016 4 4Shri Sukhen Pal Babuta -Shareholder Director 01.04.2015 to 31.03.2016 4 3

The Committee monitors the redressal of investors’ complaints in a time bound manner.

The summary of number of requests/complaints received and resolved during the year are as under:Pending as on 01.04.2015 Received during the year Resolved during the year Pending as on 31.03.2016

NIL 04 04 NIL No complaint was pending as on 31.03.2016. Shri Ajit Singh Ahuja, Company Secretary has been designated as the

“Compliance Officer” of the Bank in terms of Regulation 6 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

4.9 HR Committee The HR Committee has been constituted vide BR No.19841 dated 05.05.2012 for promoting progressive HR plans and to

have interaction with various unions and associations. CMD, ED and anyone among the other members is the quorum for meeting. Meeting may be held as and when required but at least once in a quarter.

The composition of the Committee as on 31st March, 2016 is as under:S. No. Name of Director

1. Shri Jatinderbir Singh- CMD2. Shri M. K. Jain - Executive Director3. Shri A. K. Jain - Executive Director4. Shri S. R. Mehar - MOF Nominee Director5. Shri Sanjay Verma - Non official Director6. Smt. Anita Karnavar - Non official Director

The Committee met on the following dates during the Financial Year 2015-16

30.06.2015 21.09.2015 12.02.2016 29.03.2016


Name of the Director Period Meetings held during the period

of their tenure

Meetings attended




Shri S. R. Mehar -MOF Nominee Director 01.04.2015 to 31.03.2016 4 2

Shri Sanjay Verma –Non Official Director 01.04.2015 to 31.03.2016 4 3

Smt. Anita Karnavar –Non Official Director 01.04.2015 to 31.03.2016 4 4

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4-10 cksMZ dh lwpuk çkS|ksfxdh ;kstuk lfefr% lwpuk çkS|ksfxdh dh igy esa rhozrk ykus vkSj rduhd ds vU; ykHkksa dks lQy cukus ds –f"Vdks.k ls fnukad 31-03-2016 dks

fuEu lnL;ksa ds lkFk cksMZ dh lwpuk çkS|ksfxdh lfefr dk;Zjr gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vkÃ-,-,l-&vè;{k ,oa çcaèk funs'kd2- Jh ,e-ds- tSu & dk;Zdkjh funs'kd3- Jh ,-ds- tSu & dk;Zdkjh funs'kd4- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd5- Jh lat; oekZ & xSj&vfèkdkfjd funs'kd6- Jkefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fuEu frfFk;ksa ij cSBdsa gqÃ%

30-06-2015 08-08-2015 21-09-2015 08-12-2015 12-02-2016

funs'kdksa dh lfefr dh mDr cSBdksa esa mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%


cSBdsa


Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd 01-04-2015 ls 31-03-2016 5 5

Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 5 5

Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1

Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 01-04-2015 ls 31-03-2016 5 4

Jh lat; oekZ & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 5 4

Jhefr vuhrk d.kkZoj & xSj&vfèkdkfjd funs'kd 01-04-2015 ls 31-03-2016 5 5

4-11 dk;Zikydksa dh inksUufr ij cksMZ dh lfefr%

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31 ekpZ] 2016 dks lfefr dh lajpuk fuEu çdkj gS%

Ø-la- funs'kd dk uke1- Jh tfrUnjchj Çlg & vè;{k ,oa çcaèk funs'kd2- Jh ,l-vkj- esgj & foÙk ea=ky; ukfer funs'kd 3- Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd

foÙkh; o"kZ 2015&16 ds nkSjku lfefr dh fnukad 20-07-2015 dks cSBd gqÃA

funs'kdksa dh lfefr dh mä cSBd esa mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%


cSBdsa




Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd 01-04-2015 ls 31-03-2016 1 1

Punjab & Sind Bank


4.10 IT Strategy Committee of the Board With a view to take forward IT initiatives and drive other benefits of technologies, IT Strategy Committee of the Board

comprising of the following members is in place as on 31.03.2016 S. No. Name of Director

1. Shri Jatinderbir Singh- CMD2. Shri M. K. Jain – Executive Director3. Shri A. K. Jain – Executive Director4. Shri S. R. Mehar – MOF Nominee Director5. Shri Sanjay Verma - Non official Director6. Smt. Anita Karnavar - Non official Director

The Committee met on the following dates during the Financial Year 2015-16

30.06.2015 08.08.2015 21.09.2015 08.12.2015 12.02.2016


Name of the Director Period Meetings held dur-ing the period of

their tenure

Meetings attended




Shri S. R. Mehar - MOF Nominee Director 01.04.2015 to 31.03.2016 5 4

Shri Sanjay Verma – Non Official Director 01.04.2015 to 31.03.2016 5 4

Smt. Anita Karnavar –Non Official Director 01.04.2015 to 31.03.2016 5 5

4.11 Committee of the Board on Executives’ Promotions: A Committee of Directors consisting of Chairman and Managing Director and the nominee Directors of Government of

India and Reserve Bank of India has been formed for dealing with the promotions at senior level.





3. Shri P. K. Jena – RBI Nominee Director



Name of the Director Period Meetings held dur-ing the period of

their tenure

Meetings attended


Shri S. R. Mehar - MOF Nominee Director 01.04.2015 to 31.03.2016 1 1Shri P. K. Jena – RBI Nominee Director 01.04.2015 to 31.03.2016 1 1

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2- Jh ih-ds- tsuk & Hkk-fj- cSad ukfer funs'kd

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31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS &






foÙkh; o"kZ 2015&16 esa lfefr dh fnukad 12-02-2016 dks cSBd gqÃA

lfefr dh mDr cSBd esa funs'kdksa dh mifLFkfr muds dk;Zdky vuqlkj fuEu çdkj gS%


cSBdsa



Jh ,e-ds- tSu & dk;Zdkjh funs'kd 01-04-2015 ls 31-03-2016 1 1

Jh ,-ds- tSu & dk;Zdkjh funs'kd 15-12-2015 ls 31-03-2016 1 1


4-14 'ks;jèkkjd funs'kdksa dh pquko lfefr & lkoZtfud {ks= ds cSad esa ernku% foÙkh; lsok,a foHkkx] foÙk ea=ky; ds i= fnukad 03-04-2012 dh 'krks± ds vuqlkj fofHkUu daifu;ksa] foÙkh; laLFkkuksa vkSj lkoZtfud

{ks= ds miØe cSadksa esa 'ks;jèkkjd funs'kdksa ds pquko esa ,d mEehnokj dks leFkZu nsus ij fu.kZ; ysus gsrq cksMZ dh lfefr dk xBu cksMZ ds fnukad 05-05-2012 ds ladYi la[;k 19840 }kjk fd;k x;kA

31 ekpZ] 2016 dks lfefr dh lajpuk fuEu gS &







Punjab & Sind Bank


4.12 Committee of the Board on Appellate / Reviewing Authority: A committee of the Board on Appellate / Reviewing Authority is constituted to consider appeal / review in respect of

Disciplinary cases at senior Management level, with the following members as on 31.03.2016:



2. Shri P. K. Jena – RBI Nominee Director

4.13 Committee for Monitoring of Recovery: A Committee of Directors consisting of Chairman & Managing Director, Executive Director and the nominee Director of

Ministry of Finance has been formed to monitor the progress in recovery of the Bank in terms of directions received from Ministry of Finance, Department of Financial Services, New Delhi,vide their letter no.F.No. 7/112/2012- BOA letter dated 21.11.2012.

The composition of the Committee as on 31st March 2016 is as under:



2. Shri M. K. Jain- Executive Director

3. Shri A. K. Jain- Executive Director




Name of the Director Period Meetings held during the period

of their tenure

Meetings attended

Shri Jatinderbir Singh- CMD 01.04.2015 to 31.03.2016 1 1Shri M.K. Jain – Executive Director 01.04.2015 to 31.03.2016 1 1

Shri A. K. Jain- Executive Director 15.12.2015 to 31.03.2016 1 1Shri S. R. Mehar – MOF Nominee Director 01.04.2015 to 31.03.2016 1 1

4.14 Election of Shareholder Directors Committee-Voting by Public Sector Bank: In terms of Ministry of Finance, Department of Financial Services letter date 03.04.2012 a committee of Board for taking

decision on supporting the candidates in election as Shareholder Directors in various companies, Financial institutions and PSU Banks was constituted as per Board resolution number 19840 dated 05.05.2012.




2. Shri M. K. Jain- Executive Director

3. Shri A. K. Jain- Executive Director


5. Shri Sanjay Verma – Non Official Director

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vè;{k ,oa çcaèk funs'kd rFkk dk;Zdkjh funs'kd dks ikfjJfed dk Hkqxrku osru ds :i esa Hkkjr ljdkj }kjk fuèkkZfjr fu;eksa ds vuqlkj fd;k tkrk gSA vè;{k ,oa çcaèk funs'kd rFkk dk;Zdkjh funs'kd dks Hkqxrku fd, x, ikfjJfed] dk;Z&fu"iknu lac) çksRlkgu dk C;kSjk fuEu çdkj gS%

foÙkh; o"kZ 2015&16 ds nkSjku osru ,oa ,fj;lZ dk Hkqxrku%

Ø-Lka- uke inuke jkf'k ¼#-½1- Jh tfrUnjchj Çlg vè;{k ,oa çcaèk funs'kd 20]88]000-002- Jh ,e-ds- tSu dk;Zdkjh funs'kd 17]87]012-10

3- Jh ,-ds- tSu dk;Zdkjh funs'kd 5]05]112-90¼15-12-2015 ls 31-03-2016½

o"kZ 2015&16 ds nkSjku xSj&dk;Zdkjh funs'kdksa dks fn;k x;k cSBd lgHkkfxrk 'kqYd fuEukuqlkj gS ¼iw.kZ dkfyd funs'kdksa ,oa Hkkjr ljdkj vkSj Hkkjrh; fjtoZ cSad }kjk ukfer funs'kd dks fdlh çdkj dk cSBd lgHkkfxrk 'kqYd ns; ugha gS½%

Ø-Lka- funs'kd dk uke Hkqxrku dh xbZ jkf'k ¼#-½1- Jh egs'k dqekj xqIrk 1]55]0002- Jh lq[ksu iky ccwrk 2]80]0003- Jh lat; oekZ 2]85]0004- Jhefr vfurk d.kkZoj 3]65]0005- Jh ,e-,l- lkjax 3]00]0006- Jh vruq lsu 60]000

dqy ;ksx 14]45]000

6- ÁdVhdj.k % ¼d½ cSad dk ,slk dksÃ fo'ks"k lacafèkr ikVÊ ysu&nsu ugÈ gS tgk¡ cSad ds O;kid fgrksa ds Vdjko dh laHkkouk curh gksA

¼[k½ cSad dh osclkÃV https://www.psbindia.com ij PSBPOLICY_Related_partyTransactions.pdf esa lacafèkr ikVÊ ysu&nsu uhfr miyCèk gSA

¼x½ cSad ij foxr~ rhu o"kksZ ds nkSjku iwath cktkj ls lac) fdlh Hkh ekeys esa fdlh Hkh fofu;ked çkfèkdkjh vFkkZr~ LV‚d ,Dlpsat vkSj@vFkok lsch }kjk fdlh fu;e] funsZ'kksa ,oa fn'kk&funsZ'kksa dk vuqikyu u djus ds fy,] u rks dksÃ naM yxk;k x;k gS vkSj u gh fdlh çdkj dh HkRlZuk dh xÃ gSA

¼?k½ cSad dh ^foly Cyksvj i‚fylh* ifjpkfyr gS vkSj fdlh Hkh O;fä dks bls ns[kus ls jksdk ugha x;k gSA

Punjab & Sind Bank


4.15 Share Transfer Committee:

A committee of four officials comprising of three GMs, one AGM with Company Secretary as Convenor meets at least once in a fortnight to approve demat/remat/transfer/transmission of shares. The minutes of the Share Transfer Committee are placed before the Board in the forthcoming meeting. Twenty six meetings of the Share Transfer Committee were held during the financial year 2015-16. The Bank ensures that all the transfer of shares is affected within a period of fifteen days from the date of their lodgment.

4.16. Other Disclosures:i) The Directors are appointed by Govt. of India, Ministry of Finance. There is no relationship between directors inter-se.ii) The details of familiarization programmes imparted to independent directors is disclosed on bank’s website

www.psbindia.com under head of “Investors Information”.

5. REMUNERATION OF DIRECTORS: The remuneration including traveling and halting expenses to Non-Executive Directors which are being paid as stipulated

by the Central Government in consultation with Reserve Bank of India from time to time in terms of Clause 17 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 (as amended).

The Chairman & Managing Director and Executive Directors are being paid remuneration by way of salary as per rules framed by the Government of India. The details of remuneration paid to Chairman and Managing Director and Executive Director/s is detailed below:

A. Salary including Arrears paid during the Financial Year 2015-16:

Sr. No Name Designation Amount (Rs.)1 Shri Jatinderbir Singh Chairman & Managing Director 20,88,000.002 Shri M. K. Jain Executive Director 17,87,012.10

3 Shri A. K. Jain Executive Director 5,05,112.90(15.12.2015 to 31.03.2016)

The Sitting Fee paid to the Non-Executive Directors as per the guidelines of Govt. of India during the financial year 2015-16 is as under: (No sitting fee is payable to whole time directors and director representing Government of India and Reserve Bank of India):

Sr.No Name of the Director Amount Paid in Rs.1 Sh. Mahesh Kumar Gupta 1,55,0002 Sh. Sukhen Pal Babuta 2,80,0003 Sh. Sanjay Verma 2,85,0004 Smt. Anita Karnavar 3,65,0005 Sh. M S Sarang 3,00,0006 Sh. Atanu Sen 60,000

TOTAL 14,45,000

6. DISCLOSURES: a) There is no materially significant Related Party Transaction that may have potential conflict with the interests of the

Bank at large. b) Related Party Transactions Policy is available on website of the Bank at https://www.psbindia.com/PSBPolicy_

Related_PartyTransactions.pdf c) No penalties and strictures have been imposed on the Bank by the Stock Exchange and /or SEBI for non-compliance

of any law, guidelines and directives, on any matters related to capital markets, during the last three years. d) Bank has Whistle Blower Policy in place and no personnel have been denied access.

iatkc ,.M fla/ cSad


7- vfuok;Z ,oa foosdkèkhu vko';drk,a%

cSad us lsch dh ¼lwph;u nkf;Roksa rFkk çdVu vko';drkvksa½ vfèkfu;e] 2015 dh vuqlwph&V ds vuqlkj ykxw vfuok;Z vko';drkvksa dk vuqikyu fd;k gSA lsch dh vuqlwph&II ds ikVZ&Ã ¿fofu;eu 27¼1½À ¼lwph;u nkf;Roksa rFkk çdVu vko';drkvksa½ vfèkfu;e] 2015 ds varxZr foosdkèkhu vko';drkvksa dks ykxw djus dk ifjek.k fuEu çdkj gS%

Ø-la- foosdkèkhu vko';drk,a dk;kZUo;u dh fLFkfr1- ,d xSj&dk;Zikyd vè;{k daiuh ds O;; ij vè;{k

ds dk;kZy; dk j[k&j[kko djus dk ik= gSAykxw ugha] D;kasfd vè;{k dk in dk;Zikyd dk in gSA

2- daiuh ckgjh O;fä dks vè;{k ,oa çcaèk funs'kd@lh-Ã-vks- ds in ij fu;qä dj ldrh gSA

vè;{k ,oa çcaèk funs'kd dh fu;qfDr Hkkjr ljdkj }kjk cSaddkjh daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1980 dh 'krks± ds vuq:i dh tkrh gSA

3- vafre 6 ekg ds nkSjku] egRoiw.kZ ?kVukvksa ds lkjka'k lfgr foÙkh; dk;Z&fu"iknu dh Nekgh ?kks"k.kk 'ks;j èkkjdksa dks Hksth tk,A

'ks;jèkkjdksa dh lwpuk gsrq frekgh@vèkZ&okÆ"kd@okÆ"kd foÙkh; ifj.kkeksa dks LV‚d ,Dlpsat Hkstk tkrk gS] çeq[k lekpkj&i=ksa esa çdkf'kr djk;k tkrk gS vkSj 'ks;jèkkjdksa dh tkudkjh gsrq cSad dh osclkÃV www.psbindia.com ij Hkh miyCèk djk;k tkrk gSA

4- daiuh dks vifj'kksf/kr ys[kk ijhf{kr lykg ds lkFk foÙkh; foojf.k;ksa dh O;oLFkk dh vksj tkuk pkfg,A

cSad dh foÙkh; foojf.k;ka vifj'kksf/kr gksrh gSA

5- vkarfjd ys[kkdkj lhèks rkSj ls ys[kk ijh{k.k lfefr dks fjiksVZ dj ldrs gSaA

fujh{k.k foHkkx }kjk vkarfjd ys[kkdkjksa dh fjiksVks± dks lhèks rkSj ij ys[kk ijh{k.k lfefr ds le{k j[kk tkrk gSA

8- LkaÁs"k.k ds Lkk/ ku % cSad] fodflr lwpuk çkS|ksfxdh ,oa lapkj ds lkèkuksa ds ekè;e ls vius lnL;ksa vkSj fgrèkkjdksa dks muds fgrksa ls lac) tkudkfj;ksa

ds fo"k; esa lwfpr djus dh vko';drk dks le>rk gSA cSad ds foÙkh; ifj.kkeksa dks funs'kd eaMy dh cSBd esa muds vuqeksnu ds i'pkr] cSBd dh lekfIr ij rRdky mu LV‚d ,Dlpsatks

dks çLrqr fd;k tkrk gS tgka ij cSad dh çfrHkwfr;ka lwphc) gSaA ;g ifj.kke U;wure nks lekpkj i=ksa esa Hkh çdkf'kr djok, tkrs gSa ¼,d Çgnh vkSj nwljk vaxzsth½] tSlk Hkh vko';d gksA

cSad ds frekgh@o"kZ nj o"kZ@okÆ"kd ifj.kkeksa dh çfr cSad dh osclkÃV – http://www.psbindia.com ij miyCèk gSA Hkkjr esa cSad ds bDoVh 'ks;j fuEu çeq[k nks LV‚d ,Dlpsatksa ij lwphc) gSa%

1- c‚Ecs LV‚d ,DLkpsat fy- fQj¨t ththÒkW; V‚oLkZ] 25oka ry] nyky LVªhV] Q¨VZ] eqEcbZ 400001 ch,LkbZ d¨M% 533295

2- us'kuy LV‚d ,DLkpsat vkWQ bafM;k fy- ,DLkpsat Iyktk] ckaæk dqykZ d‚EIysDLk] ckaæk iwoZ] eqEcbZ 400051 ,u,LkbZ d¨M% ih,Lkch&bZD;w

,u,lMh,y] lhMh,l,y dks vfHkj{kk 'kqYd vkSj ch,lÃ] ,u,lÃ dks ,Dlpsat esa lwphc) lHkh çfrHkwfr;ksa ds lwphdj.k 'kqYd dk vkt rd dk Hkqxrku dj fn;k x;k gSA

cSad }kjk tkjh fV;j & II ck.M ds lacaèk esa lwph;u djkj ds MsV [k.M 2A vkSj lsch ds fnukad 29 vDVwcj] 2013 ds ifji= la[;k CIR/IMD/DF/18/2013 dh 'krks± ds vuqlkj fMcsapjksa ds VªLVh dk çdVu

ckaM èkkjdksa gsrq VªLVh

vkbZMhchvkbZ VªLVhf'ki lfoZlst+ fy-iath—r dk;kZy;

,f'k;u fcÇYMx] Hkwry] 17] vkj- dekuh ekxZ] cykMZ ,LVsV] eqEcÃ & 400001nwjHkk"k la[;k% ¼022½ 40807000

QSDl la[;k% 91&22&66311776@40807080Ã&esy% itsl[at]idbitrustee.com

Punjab & Sind Bank


7. MANDATORY AND DISCRETIONARY REQUIREMENTS: The Bank has complied with applicable mandatory requirements as per Schedule V of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015. The extent of implementation of discretionary requirements are as per Part-E of Schedule-II {Regulation 27(1)} of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as under:

Sr. No Discretionary requirements Status of Implementation1. Non-executive Chairman to maintain Chairman’s

Office at company’s expense.Not Applicable, since the Chairman’s position is Executive.

2. Company may appoint separate persons to the post of chairperson and managing director or chief executive officer.

Chairman & Managing Director is appointed by Govt. of India in terms of The Banking Companies (Acquisition & Transfer of Undertakings) Act,1980

3. Half-yearly declaration of financial performance including summary of significant events in last six months to be sent to shareholders.

Quarterly/Half Yearly/Yearly financial results are sent to Stock Exchanges, published in leading newspapers and are also placed on Bank’s website www.psbindia.com for information of the shareholders.

4. Company may move towards regime of financial statements with unmodified audit opinion.

The financial statements of the Bank are unqualified.

5. The internal auditor may report directly to the audit committee.

Internal audit reports are directly placed before the Audit Committee by Inspection Department.

8. MEANS OF COMMUNICATION: The Bank recognizes the need for keeping its shareholders and stakeholders informed of the events of their interests

through present advanced information technology and means of communication. The financial results of the Bank are submitted to the stock exchanges, where the securities of the Bank are listed,

immediately after the conclusion of the Board Meeting approving the same. The results are published in minimum two newspapers (one English and one Hindi) as required.

The quarterly / year to year / Annual Financial Results of the Bank & Press Release are hosted on the Bank’s website: http://www.psbindia.com.

The Bank’s equity shares are listed on the following major Stock Exchanges in India : 1) Bombay Stock Exchange Ltd. Phiroze jeejeebhoy Towers, 25th Floor, Dalal Street, Fort Mumbai-400 001 BSE Code: 5332952) National Stock Exchange of India Ltd. “Exchange Plaza”, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 NSE CODE : PSB-EQ

Custodial fee to NSDL, CDSL and listing fees to BSE, NSE in respect of all securities listed with the exchange(s) has been paid. Disclosure of Debenture Trustees in Terms of SEBI Circular no. CIR/IMD/DF/18/2013 dated 29th October, 2013 and

clause 2A of Debt Listing Agreement in respect of TIER – II Bonds issued by the Bank

TRUSTEE FOR THE BONDHOLDERS

IDBI Trusteeship Services Ltd.

Registered OfficeAsianBuilding, Ground Floor, 17, R Kamani Marg, Ballard Estate, Mumbai – 400 001

Tel No. (022) 40807000Fax No. 91-22-66311776 / 40807080

E-mail:itsl[at]idbitrustee.com

iatkc ,.M fla/ cSad


9-1 ÁfrÒwfr;¨a dk vÒ©frdhdj.k % lsch dh vfuok;Z vHkkSfrd lwph ds varxZr~ cSad ds 'ks;j vkrs gSa vkSj cSad us vius 'ks;jksa ds vHkkSfrdhdj.k gsrq us'kuy flD;ksfjVh

fMi‚ftVjh fy- ¼,u,lMh,y½ rFkk lsaVªy fMi‚ftVjh lÆolst ¼bafM;k½ fy- ¼lhMh,l,y½ ds lkFk djkj fd;k gSA 'ks;jèkkjd] ,u,lMh,y vFkok lhMh,l,y ds ikl vius 'ks;jksa dks vHkkSfrdh—r djok ldrs gSaA

31 ekpZ] 2016 dks cSad ds ikl 40]04]11]027 bDoVh 'ks;j gS ftuesa ls 40]04]05]254 'ks;j vHkkSfrd :i esa èkkfjr gSa ftudk fooj.k fuEukuqlkj gS%

/ kkfjrk dk Lo:i 'ks;j¨a dh Lka[;k izfr'krHkkSfrd 5]773 0-0014vÒ©frd,u-,Lk-Mh-,y-Lkh-Mh-,Lk-,y-*

7]19]57]89632]84]47]358

17-971082-0276

dqy ;ksx 40]04]11]027 100-0000 * buesa Hkkjr ljdkj }kjk èkkfjr 31]88]22]775 bfDoVh 'ks;j lfEefyr gSaA

9-2 bZySDVª‚fud lek'kksèku lsok,a ¼bZ-lh-,l-½ ÃySDVª‚fud lek'kksèku lsok,a ¼Ã-lh-,l-½ Hkqxrku dh vkèkqfud ç.kkyh gS ftlesa lacafèkr fuos'kd ds [kkrs esa ykHkka'k@C;kt

vkfn dh jkf'k lhèks rkSj ij tek dh tkrh gSA cSad us 'ks;jèkkjdksa dks lHkh dsaæksa ij tgk¡ Hkkjrh; fjt+oZ cSad ds vèkhu jk"Vªh; Ã-lh-,l-@,u-Ã-lh-,l- lqfoèkk,a miyCèk gSa] ij lsok dk ykHk mBkus dk fodYi fn;k gSA

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:i ls laiUu gks tk,A cksMZ us 'ks;jèkkjdksa] fMcsapjèkkjdksa rFkk vU; çfrHkwfr èkkjdksa dh f'kdk;r fuokj.k djus dh ç.kkyh gsrq va'kèkkjdksa lacaèkksa ij lfefr dk xBu fd;k gSA lfefr fu;fer varjky ij cSBdas vk;ksftr djrh gSa vkSj fuos'kd&f'kdk;rksa dh fLFkfr dh leh{kk djrh gSaA cksMZ us 'ks;j varj.k lfefr dk xBu Hkh fd;k gS tks 'ks;jksa ds Vªkalfe'ku@VªkalQj@fjesV@MhesV dk vuqeksnu djus ds fy, U;wure ,d i[kokM+s esa cSBd djrh gSA

cSad us eSllZ Çyd buVkÃe bafM;k çk- fy- dks vius jftLVªkj vkSj varj.k ,tsaV ds :i esa fu;qä fd;k gS ftldk dk;Z 'ks;j varj.k] ykHkka'k Hkqxrku] 'ks;jèkkjdksa ds vuqjksèk dks vfHkysf[kr djuk] fuos'kdksa dh f'kdk;rksa ds lekèkku ds vykok 'ks;j@ckaM tkjh djus lacaèkh vU; xfrfofèk;ksa dks lqfuf'pr djuk gSA

fuos'kd vius varj.k foys[k@vuqjksèk@f'kdk;rksa dks fuEu irs ij jftLVªkj dks çsf"kr dj ldrk gS%

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ih-oh-vkj- ukjk;.kk ds ikl] ubZ fnYyh&110028 nwjHkk"k% ¼011½ 41410592 ls 0594 QSDl% ¼011½ 41410591 bZ esy% [email protected] cSad us 'ks;j d{k dh LFkkiuk çèkku dk;kZy;] 21] jktsaæ Iysl] uÃ fnYyh & 110008 esa dh gS] tgka 'ks;jèkkjd vius varj.k

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QSDl% ¼011½ 25781639 bZ&esy% [email protected]

¼mä Ã&esy vkÃMh lsch ¼lwph;u nkf;Roksa rFkk çdVhdj.k vfuok;Zrkvksa½ vfèkfu;e] 2015 ds vfèkfu;e 6¼2½¼d½ ds vuqlkj fuos'kdksa dh f'kdk;rksa ij è;ku nsus ds fy, fo'ks"k :i ls cukÃ xÃ gS½

Punjab & Sind Bank


9.1 Dematerialisation of Securities: The shares of the Bank are under compulsory demat list of SEBI and the Bank has entered in to Agreements with National

Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of Bank’s shares. Shareholders can get their shares dematerialized with either NSDL or CDSL.

As on March 31, 2016 the Bank has 40,04,11,027 Number of Equity Shares of which 40,04,05,254 Shares are held in dematerialized form, as per the detail given below.

Nature of Holding Number of shares PercentagePhysical 5,773 0.0014DematerializedNSDLCDSL *

7,19,57,89632,84,47,358

17.971082.0276

Grand Total 40,04,11,027 100.0000

* includes 31,88,22,775 equity shares held by the Government of India.

9.2 Electronic Clearing Services (ECS) :

Electronic Clearing Services is a modern method of payment where the amounts of dividend/interest etc., are directly credited to the bank accounts of the Investors concerned. The Bank has offered the services to the shareholders with an option to avail the facility at all the centers covered by Reserve Bank of India under its ECS/NECS facility.

9.3 Share Transfer System & Redressal of Investors’ Grievances:

The Bank ensures that all transfer of Shares are duly affected within a period of fifteen days from the date of their lodgment. The Board has constituted Stakeholders Relationship Committee to look into the mechanism of redressal of grievances of shareholders, debenture holders and other security holders. The Committee meets at regular intervals and reviews the status of Investors' Grievances. The Board has also constituted Share Transfer Committee which meets at least once in a fortnight to approve demat/remat/transfer/transmission of shares.

The Bank has appointed Link Intime India Pvt Ltd as its Share Transfer Agent with a mandate to process transfer of Shares, dividend payments, recording of Shareholders’ requests, solution of investors’ grievances amongst other activities connected with the issue of Shares, dividend etc.

The Investors may lodge their transfer deeds / requests / complaints with the Share Transfer Agent at following address:

Link Intime India Pvt Ltd (Unit: Punjab & Sind Bank) 44, Community Centre, IInd floor, Naraina Indl. Area, Phase-I, Near PVR Naraina, New Delhi-110 028. Phone : (011) 41410592 to 0594 Fax : (011) 41410591 E Mail : [email protected] The Bank has established Shares Cell at Head Office, 21,Rajendra Place,New Delhi-110008 wherein the shareholders

can mail their requests/complaints for resolution, at the address given below:

Punjab & Sind Bank Head Office : Accounts & Audit Deptt.(Shares Cell), 21-Rajendra Place, 1st Floor, New Delhi-110 008. Telephone : (011) 25782926, 25812922 Fax : (011) 25781639 E-mail : [email protected] (The aforesaid e-mail ID is exclusively designated for investors' complaints pursuant to Regulation 6 (2) (d) of

SEBI(Listing Obligations and Disclosure Requirements)Regulations, 2015.

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3- o"kZ ds nkSjku 'ks;jèkkjdksa dh la[;k ftudks mpar [kkrs ls 'ks;j varfjr fd, x,

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12- foÙkh; dSysaMj ¼laHkkfor½

foÙkh; o"kZ 1 vçSy] 2015 ls 31 ekpZ] 2016NBoÈ okÆ"kd lkekU; cSBd dh frfFkNBoÈ okÆ"kd lkekU; cSBd dk le;NBoÈ okÆ"kd lkekU; cSBd dk LFky

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cfg;ksa dks can djus dh rkjh[k 22-06-2016 ls 28-06-2016ykHkka'k gsrq ik=rk dh frfFk 21-06-2016

ç‚Dlh QkeZ çkIr djus dh vafre frfFk 23-06-2016 ¼lka; 5%00 cts rd½ykHkka'k Hkqxrku dh frfFk 12-07-2016

13- 31 ekpZ] 2016 d¨ 'ks;j/ kkfjrk Lo:i

Ø-Lka- fooj.k 'ks;j/ kkjd¨a dh Lka[;k 'ks;j bfDoVh dk izfr'kr1- Hkkjr ljdkj ¼çorZd½ 1 318822775 79-622- foÙkh; laLFkku@chek daifu;ka@cSad 21 43318778 10-823- fons'kh laLFkkxr fuos'kd 3 3854100 0-964- d‚jiksjsV fudk; 636 3815906 0-955- OkS;fDrd fuoklh 133829 25360564 6-346- ÇgUnw vfoHkkftr ifjokj 7610 1235782 0-31

7- vfuoklh Hkkjrh; 1098 1062400 0-27

8- fons'kh iksVZQksfy;ks fuos'kd ¼d‚iksZjsV½ 7 2376290 0-59

9- VªLV 9 280922 0-0710- lek'kksèku lnL; 188 283510 0-07

dqy ;ksx 143402 400411027 100-00

Punjab & Sind Bank


10. Status report in respect of unclaimed shares of the allottees held in Escrow A/c (31.03.2016):

S. No. Particulars NSDL IN301330-21335661

CDSL1601010000399414

1. No. of shares lying in PSB Unclaimed Suspense Account in begin-ning of the year

1272 1230

2. No. of shareholders who approached for transfer of shares and to whom shares were transferred from Suspense A/c

-- --

3. Number of Shareholders to whom shares were transferred from suspense account during the year

-- --

4. No. of shares lying in PSB Unclaimed Suspense Account at the end of the year

1272* 1230*

* Certified that voting rights on these shares shall remain frozen till the rightful owner claims the said shares.

11. Corporate Governance The Bank has adopted and follows such practices, convention and codes as would provide its financial stakeholders

including the depositors, a high level of assurance on the quality of Corporate Governance. The Bank has transparent ownership structure, well-defined executive management structure, satisfactory risk management practices, transparency in appointment and functioning of the Board and Senior Management and an elaborate audit function, carried out both by its Inspection Department and independent audit firms. The Bank has complied with Corporate Governance requirements as specified in Regulation 17 to 27 and clauses (b) to (i) of sub-regulation (2) of Regulation 46 and para C,D and E of Schedule V shall apply to the extent that it does not violate their respective statutes and guidelines or directives issued by the relevant authorities.

12. Financial Calendar (tentative): Financial Year 1st April, 2015 to 31st March, 2016Date of Sixth Annual General Meeting.Time of Sixth Annual General MeetingVenue of Sixth Annual General Meeting

28.06.2016 (Tuesday)10.00 A.M.India International Centre, 40-Max Mueller Marg, Lodhi Estate, New Delhi-110003

Book Closure dates 22.06.2016 to 28.06.2016Date for entitlement of dividend 21.06.2016Last Date for receipt of Proxy Forms 23.06.2016 (upto 5.00 pm)Date of payment of dividend 12.07.2016

13. Shareholding Pattern as on 31st March 2016 Sr. No. Description No. of Share Holders Shares % To Equity

1. Govt. of India (Promoters) 1 318822775 79.62

2. Financial Investors/Ins Cos/ Banks 21 43318778 10.82

3. Foreign Institutional Investors 3 3854100 0.964. Bodies Corporate 636 3815906 0.955. Resident Individuals 133829 25360564 6.346. Hindu Undivided Family 7610 1235782 0.317. Non Resident Indians 1098 1062400 0.278. Foreign Portfolio Investor(Corporate) 7 2376290 0.599. Trusts 9 280922 0.07

10. Clearing Members 188 283510 0.07 Total 143402 400411027 100.00

iatkc ,.M fla/ cSad


14- 31 ekpZ] 2016 dks 'ks;j/ kkfjrksa ¼'ks;j½ dk Js.kh&okj forj.k

LkaoxZ ekey¨a dh Lka[;k ekey¨a dk izfr'kr dqy 'ks;j dqy dk izfr'kr

1 & 250 127110 88-639 8256116 2-0619

251 & 500 8295 5-7844 3190616 0-7968

501 & 1000 4371 3-0481 3436400 0-8582

1001 & 2000 1958 1-3654 2859255 0-7141

2001 & 3000 590 0-4114 1502691 0-3753

3001 & 4000 276 0-1925 988673 0-2469

4001 & 5000 218 0-152 1030243 0-2573

5001 & 10000 315 0-2197 2277516 0-5688

10001 vkSj vfèkd 269 0-1876 376869517 94-1207

dqy ;ksx 143402 100-00 400411027 100-00

15- LV‚d ,Dlpsat esa 'ks;j ewY;] 'ks;jksa esa [kjhn&Qjks[r dh ek=k ¼fnukad 01-04-2015 ls 31-03-2016 rd½

ekg us'kuy LV‚d ,Dlpsat v‚Q bafM;k fy- ¼,u-,l-bZ½ c‚Ecs LV‚d ,Dlpsat fy- ¼ch-,l-bZ-½

mPpre ¼:-½ U;wure¼:-½ [kjhn&Qjks[r dh ek=k ¼la[;k½

mPpre ¼:-½

U;wure ¼:-½

[kjhn&Qjks[r dh ek=k ¼la[;k½

vçSy] 2015 56-20 45-20 3641592 56-20 45-50 942884

eÃ] 2015 50-85 45-05 2312886 50-60 45-05 522049

twu] 2015 47-80 40-40 1537714 47-20 40-60 374182

tqykÃ] 2015 46-80 39-60 1369798 44-60 40-00 402266

vxLr] 2015 47-30 35-05 3769308 47-20 36-20 924415

flrEcj] 2015 38-55 34-50 2108851 38-55 34-40 488916

vDVwcj] 2015 42-35 36-80 3104109 42-30 36-65 839094

uoEcj] 2015 40-50 36-10 3361300 40-50 36-00 783306

fnlEcj] 2015 41-20 36-65 1617647 41-00 36-90 431278

tuojh] 2016 39-75 33-75 1197636 39-85 33-85 289790

Qjojh] 2016 36-00 31-65 1862222 35-45 31-55 425529

ekpZ] 2016 35-80 31-70 1810415 35-75 32-45 766950

Punjab & Sind Bank


14. Distribution of Shareholding (Shares) – Category-wise as on 31st March 2016

Shareholding of Shares No. of Cases % of Cases Total Shares % of Total

1 – 250 127110 88.639 8256116 2.0619

251 – 500 8295 5.7844 3190616 0.7968

501 – 1000 4371 3.0481 3436400 0.8582

1001 – 2000 1958 1.3654 2859255 0.7141

2001 – 3000 590 0.4114 1502691 0.3753

3001 – 4000 276 0.1925 988673 0.2469

4001 – 5000 218 0.152 1030243 0.2573

5001 – 10000 315 0.2197 2277516 0.5688

10001 & Above 269 0.1876 376869517 94.1207

TOTAL 143402 100.00 400411027 100.00

15. Share Price, Volume of Shares Traded in Stock Exchanges (From 01.04.2015 to 31.03.2016)

Month National Stock Exchange of India Limited (NSE) Bombay Stock Exchange Ltd. (BSE)

Highest (Rs.) Lowest (Rs.) Volume Traded (Nos.)

Highest (Rs.) Lowest (Rs.) Volume Traded (Nos.)

APR 2015 56.20 45.20 3641592 56.20 45.50 942884

MAY 2015 50.85 45.05 2312886 50.60 45.05 522049

JUN 2015 47.80 40.40 1537714 47.20 40.60 374182

JUL 2015 46.80 39.60 1369798 44.60 40.00 402266

AUG 2015 47.30 35.05 3769308 47.20 36.20 924415

SEP 2015 38.55 34.50 2108851 38.55 34.40 488916

OCT 2015 42.35 36.80 3104109 42.30 36.65 839094

NOV 2015 40.50 36.10 3361300 40.50 36.00 783306

DEC 2015 41.20 36.65 1617647 41.00 36.90 431278

JAN 2016 39.75 33.75 1197636 39.85 33.85 289790

FEB 2016 36.00 31.65 1862222 35.45 31.55 425529

MAR 2016 35.80 31.70 1810415 35.75 32.45 766950

iatkc ,.M fla/ cSad


16- 31 ekpZ] 2016 dks 'ks;jèkkjdksa dk HkkSxksfyd –f"V ls ¼jkT;okj½ forj.k

Ø-Lka- jkT; ekeys 'ks;j ¼'ks;j¨a dh Lka[;k½ % 1- vaMeku ,oa fudksckj 12 633 0-00022- vkaèkz çns'k 5603 1578369 0-39423- v#.kkpy çns'k 114 20530 0-00514- vle 535 120170 0-03005- fcgkj 1467 329870 0-08246- paMhx<+ 814 217408 0-05437- NÙkhlx<+ 700 154527 0-03868- neu ,oa }hi 9 1135 0-00039- fnYyh 13648 323547047 80-803710- xksok 182 22895 0-005711- xqtjkr 27554 4396948 1-098112- gfj;k.kk 4757 847226 0-211613- fgekpy çns'k 279 56786 0-014214- tEew ,.M d'ehj 231 95991 0-024015- >kj[kaM 1289 232785 0-058116- dukZVd 6318 1440181 0-359717- dsjy 1447 472088 0-117918- eè;çns'k 3904 835634 0-208719- egkjk"Vª 28529 56036047 13-994620- ef.kiqj 8 1098 0-000321- es?kky; 23 3483 0-000922- fetksje 1 109 0-000023- ukxkySaM 20 10280 0-002624- mM+hlk 910 267785 0-066925- ikafMpsjh 68 11821 0-002926- iatkc 4714 1193549 0-298127- jktLFkku 12779 1686166 0-421128- flfôe 3 350 0-000129- rfeyukMq 7049 1699097 0-424330- f=iqjk 21 4635 0-001231- mÙkj çns'k 7800 1808334 0-451632- mÙkjk[k.M 681 138933 0-034733- if'pe caxky 10166 2270969 0-567134- ,-ih-vks-@vU; 1767 908148 0-2268

dqy ;ksx 143402 400411027 100-00

Punjab & Sind Bank


16. Geographical (State Wise) Distribution of Shareholders as on 31st March 2016

Sr. No. State Cases Shares % (No. of Shares)1. ANDAMAN & NICOBAR 12 633 0.00022. ANDHRA PRADESH 5603 1578369 0.39423. ARUNACHAL PRADESH 114 20530 0.00514. ASSAM 535 120170 0.03005. BIHAR 1467 329870 0.08246. CHANDIGARH 814 217408 0.05437. CHATTISGARH 700 154527 0.03868. DAMAN & DIU 9 1135 0.00039. DELHI 13648 323547047 80.8037

10. GOA 182 22895 0.005711. GUJARAT 27554 4396948 1.098112. HARAYANA 4757 847226 0.211613. HIMACHAL PRADESH 279 56786 0.014214. JAMMU & KASHMIR 231 95991 0.024015. JHARKHAND 1289 232785 0.058116. KARNATAKA 6318 1440181 0.359717. KERALA 1447 472088 0.117918. MADHYA PRADESH 3904 835634 0.208719. MAHARASHTRA 28529 56036047 13.994620. MANIPUR 8 1098 0.000321. MEGHALAYA 23 3483 0.000922. MIZORAM 1 109 0.000023. NAGALAND 20 10280 0.002624. ORISSA 910 267785 0.066925. PONDICHERRY 68 11821 0.002926. PUNJAB 4714 1193549 0.298127. RAJASTHAN 12779 1686166 0.421128. SIKKIM 3 350 0.000129. TAMIL NADU 7049 1699097 0.424330. TRIPURA 21 4635 0.001231. UTTAR PRADESH 7800 1808334 0.451632. UTTARAKHAND 681 138933 0.034733. WEST BENGAL 10166 2270969 0.567134. APO/ OTHERS 1767 908148 0.2268

Total 143402 400411027 100.00

iatkc ,.M fla/ cSad


d‚iksZjsV xous±l dh 'krks± ds vuqikyu ij ys[kk ijh{kdksa dk çek.k&i=iatkc ,.M fla/k cSad ds lnL;ksa gsrq

geus iatkc ,.M Çlèk cSad ds lwphc) djus lacaèkh djkj vkSj lsch ¼lwph;u nkf;Roksa rFkk çdVu vfuok;Zrkvksa½ vfèkfu;eksa] 2015 esa fofuÆn"V d‚iksZjsV xous±l dh 'krks± ds çlax esa cSad }kjk 31 ekpZ] 2016 dks lekIr o"kZ gsrq d‚iksZjsV xous±l lacaèkh vuqikyu fLFkfr dh tkap dh gSA

d‚iksZjsV xous±l lacaèkh 'krks± dk vuqikyu djuk çcaèku dk nkf;Ro gSA gekjh tkap] d‚iksZjsV xous±l lacaèkh ckè;rkvksa dk vuqikyu lqfuf'pr djus gsrq cSad }kjk viukÃ xÃ çfØ;kvksa vkSj dk;kZUo;u rd lhfer FkhA ;g u rks ys[kk ijh{kk gS vkSj u gh cSad dh foÙkh; foojf.k;ksa ds fo"k; esa gekjk vfHker gSA

ge viuh jk; rFkk loksZÙke tkudkjh rFkk gesa fn, x, Li"Vhdj.kksa ds vkèkkj ij çekf.kr djrs gSa fd cSad us mijksä lwphc) djkj vkSj lsch ¼lwph;u nkf;Roksa rFkk çdVu vfuok;Zrkvksa½ vfèkfu;eksa] 2015 esa fofuÆn"V d‚iksZjsV xous±l lacaèkh ckè;rkvksa dk vuqikyu fd;k gSA

gekjk ;g Hkh vfHkdFku gS fd mä vuqikyu dk vfHkçk; cSad dh Hkfo"; dh l{kerk ds çfr ;g dksÃ vkÜoklu ugha gS vkSj u gh ;g cSad ds dk;Zikydksa ds lapkyu esa çcaèku dh dq'kyrk ,oa çHkkoiw.kZrk ds fo"k; esa gSA

—rs frokjh ,.M ,lksf'k,Vl —rs f<+Yyks ,.M ,lksf'k,Vllunh ys[kkdkj lunh ys[kkdkj

¼nsosUnz ekxks½ ¼jkts'k eYgks=k½ikVZuj ikVZuj,e-ua- 085739 ,e-ua- 090661,Qvkj,u 002870,u ,Qvkj,u% 002783,u

—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da-lunh ys[kkdkj lunh ys[kkdkj

¼banj thr èkou½ ¼gjcUl Çlg½ikVZuj ikVZuj,e-ua- 081679 ,e-ua- 099109,Qvkj,u 002864,u ,Qvkj,u% 007601,u

fnukad% 10 eÃ] 2016LFkku% uÃ fnYyh

Punjab & Sind Bank


Auditors’ Certificate on Compliance of Conditions of Corporate GovernanceTo: The Members of Punjab & Sind Bank

We have examined the compliance of conditions of Corporate Governance by Punjab & Sind Bank, for the year ended on 31st March 2016 in terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Listing Agreement.

The compliance of conditions of Corporate Governance is the responsibility of management. Our examination was limited to procedures and implementation thereof, adopted by the Bank for ensuring the compliance of the conditions of the 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, we certify that the Bank has complied with the conditions of Corporate Governance as stipulated in SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Listing Agreement.

We 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 Tiwari & Associates For Dhillon & AssociatesChartered Accountants Chartered Accountants

(Devender Magoo) (Rajesh Malhotra)Partner PartnerM. No. 085739 M. No. 090661FRN : 002870N FRN : 002783N

For Dhawan & Co. For Davinder Pal Singh & Co.Chartered Accountants Chartered Accountants

(Inder Jeet Dhawan) (Harbans Singh)Partner PartnerM. No.081679 M. No. 099109FRN : 002864N FRN : 007601N Dated: 10 May, 2016 Place : New Delhi

iatkc ,.M fla/ cSad


funs'kd eaMy]iatkc ,.M ÇLk/k cSad]ubZ fnYyh

egksn;]fo"k;% o"kZ 2015&16 gsrq lsch ¼lwph;u nkf;Ro rFkk çdVu vfuok;Zrk,a½

vfèkfu;eksa] 2015 dh vuqlwph & V ds varxZr ?kks"k.kk;g ?kksf"kr fd;k tkrk gS fd 31 ekpZ] 2016 dks lekIr foÙkh; o"kZ ds fy, cSad ds funs'kd eaMy ds lnL;ksa rFkk ofj"B çcaèku dkÆedksa us LV‚d ,Dlpsat ds lkFk lwphc) djus lacaèkh djkj rFkk lsch ¼lwph;u nkf;Roksa rFkk çdVu vfuok;Zrkvksa½ vfèkfu;eksa] 2015 dh vuqlwph & V ds çlax esa fofuÆn"V vkpkj lafgrk dh rnuqlkj vuqikyuk dh iqf"V dj nh gSA mä vkpkj lafgrk dks cSad dh osclkbV ij Hkh miyC/k djk;k x;k gSA Ñrs iatkc ,.M ÇLk/k cSad

LFkku % ubZ fnYyh ¼tfrUnjchj Çlg½fnukad % 10 ebZ] 2016 v/;{k ,oa Áca/k funs'kd

lh-bZ-vks-@lh-,Q-vks- çek.khdj.kfuns'kd eaMy] iatkc ,.M ÇLk/k cSad] ubZ fnYyh

egksn;]fo"k;% o"kZ 2015&16 ds fy, lh-bZ-vks-@lh-,Q-vks- çek.khdj.klsch ¼LODR½] 2015 ds d‚iksZjsV xous±l dh vuqlwph & II ds vuqikyu çek.k&i= ds ikVZ&ch dh vuqikyuk esa] ge ,rn~ }kjk çekf.kr djrs gSa fd%d- geus o"kZ 2015&16 dh foÙkh; fooj.kh rFkk udnh çokg fooj.kh ¼lesfdr½ dh laoh{kk dh gS rFkk gekjh vfèkdre tkudkjh ,oa

foÜokl ds vuqlkj%1- bu foojf.k;ksa esa dksÃ fo"k;xr v;FkkFkZ vfHkdFku ughaa gS vFkok dksÃ fo"k;xr rF; fNik;k ugha x;k gS vFkok buesa dksÃ Hkzked

vfHkdFku 'kkfey ugha fd;k x;k gSA2- ;s [email protected] cSad ds dk;Zdykiksa dk lgh ,oa Li"V –f"Vdks.k çLrqr djrs gSa rFkk ;s fo|eku ys[kk ekudksa] ykxw fu;eksa

,oa fofu;eksa ds vuq:i gSaA[k- gekjh tkudkjh ,oa foÜokl ds vuqlkj] o"kZ ds nkSjku cSad }kjk ,sls dksÃ laO;ogkj ugha fd, x, tks èkks[kkèkM+h esa fyIr gkas] xSj dkuwuh

gksa vFkok cSad dh vkpkj lafgrk ds fo#) gksaAx- ge foÙkh; fjiksÉVx ls laca) vkarfjd fu;a=.kksa dk iw.kZ nkf;Ro Lohdkj djrs gSaA ge ;g Hkh Lohdkj djrs gSa fd geus foÙkh; fjiksÉVx

dh vkarfjd fu;a=.k ç.kkyh dh çHkko'khyrk dk ewY;kadu@vkdyu fd;k gS rFkk geus ys[kk ijh{kdksa vkSj ys[kk lfefr dks vkarfjd fu;a=.kksa ds ifjpkyu ,oa Lo:i ls laca) dfe;ksa] ;fn dksÃ gS vFkok tks gekjs vfHkKku esa gS] dks nwj djus ds tks mik; fd, gSa ;k çLrkfor gSa] dh tkudkjh ns nh gSA

?k- geus ys[kk ijh{kdksa rFkk ys[kk ijh{kk lfefr dks fuEufyf[kr ls voxr djk;k gS%1½ o"kZ ds nkSjku foÙkh; fjiksÉVx ds lanHkZ esa vkarfjd fu;a=.k O;oLFkk esa egRoiw.kZ ifjorZu(2½ o"kZ ds nkSjku ys[kk uhfr;ksa esa egRoiw.kZ ifjorZu rFkk budk mYys[k foÙkh; fof'kf"V;ksa ds [email protected];ksa esa dj fn;k x;k gS vkSj3½ gekjh tkudkjh esa vk, èkks[kkèkM+h lacaèkh fof'k"V ekeys rFkk muesa çcaèku vFkok fdlh deZpkjh dh lafyIrrk] ftldh foÙkh;

fjiksÉVx esa vkarfjd fu;a=.k ç.kkyh esa vge Hkwfedk gksA

Ñrs iatkc ,.M ÇLk/k cSad Ñrs iatkc ,.M ÇLk/k cSad

¼th-,l- <Èxjk½ ¼tfrUnjchj Çlg½eq[; foÙk vfèkdkjh vè;{k ,oa çcaèk funs'kd¼egkçcaèkd&ys[kk½

LFkku% uÃ fnYyhfnukad% 10 eÃ] 2016

Punjab & Sind Bank


The Board of Directors Punjab & Sind BankNew Delhi

Dear Sirs,Re: Declaration for 2015-16 as per Schedule-V of SEBI

(Listing Obligations and Disclosure Requirements) Regulations, 2015It is to declare that all the Board Members and Senior Management Personnel of the Bank have affirmed their compliance of the Code of Conduct for the Financial Year ended on 31st March, 2016 in accordance with Listing Agreement entered into with the stock exchanges and Schedule-V of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The said Code of Conduct has been hosted on the Bank’s website www.psbindia.com.

For Punjab & Sind Bank Place : New Delhi (Jatinderbir Singh) Dated : 10 May, 2016 Chairman & Managing Director

CEO/CFO CertificationThe Board of DirectorsPunjab & Sind BankNew Delhi

Dear Sirs,

REG: CEO /CFO Certification for the year 2015-16 Pursuant to Schedule-II Corporate Governance Part-B of Compliance Certificate of SEBI (LODR) 2015, we hereby certify that:A. We have reviewed financial statements and the cash flow statement for the year and that to the best of our knowledge and belief:

1) These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;

2) These statements together present a true and fair view of the Bank’s affairs and are in compliance with existing accounting standards, applicable laws and regulations.

B. There are, to the best of our knowledge and belief, no transactions entered into by the Bank during the year which are fraudulent, illegal or in violation of code of conduct of the Bank.

C. We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have evaluated the effectiveness of internal control systems of the Bank pertaining to financial reporting and we have disclosed to the auditors and the audit committee, deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.

D. We have indicated to the auditors and the Audit Committee.1) Significant changes in internal control over financial reporting during the year;2) Significant changes in accounting policies during the year and that the same have been disclosed in the notes to the

financial statements; and3) Instances of significant fraud of which we have become aware and the involvement therein, if any, of the management or

an employee having a significant role in the Bank’s internal control system over financial reporting.

For Punjab & Sind Bank For Punjab & Sind Bank

(G.S.Dhingra) (Jatinderbir Singh) Chief Financial Officer Chairman & Managing Director(General Manager-Accounts)

Place : New Delhi Dated : 10 May, 2016

iatkc ,.M fla/ cSad


Lora= ys[kk ijh{kdksa dh fjiksVZLksok esa]egkefge jk"Vªifr eg¨n;]

iatkc ,.M fla/k cSad dh foÙkh; foojf.k;ksa ij fjiksVZ

1- geus iatkc ,.M Çlèk cSad ds 31 ekpZ] 2016 dh foÙkh; foojf.k;ksa ftuesa 31 ekpZ] 2016 dk rqyu-i= rFkk bl frfFk dks lekIr gq, o"kZ ds fy, cSad ds ykHk&gkfu [kkrs rFkk udnh çokg fooj.kh lfgr ys[kksa ls lacafèkr fVIif.k;ksa dk ys[kk ijh{k.k fd;k gSA bu foÙkh; foojf.k;ksa esa gekjs }kjk ys[kk ijhf{kr 20 'kk[kkvksa] 'kk[kkvksa ds ys[kk ijh{kdksa }kjk ijhf{kr 536 'kk[kk,a gSaA gekjs rFkk vU; ys[kk ijh{kdksa }kjk ys[kk ijhf{kr 'kk[kkvksa dk p;u cSad us Hkkjrh; fjt+oZ cSad }kjk tkjh ekunaMksa ds vuqlkj fd;k gSA rqyu&i= rFkk ykHk&gkfu [kkrs esa 925 'kk[kkvksa ls Hksth xÃ foojf.k;k¡ 'kkfey gSa tks ys[kk ijh{k.k ds vèkhu ugÈ gSA bu vijhf{kr 'kk[kkvksa esa vfxzeksa dk çfr'kr 10 çfr'kr] tekjkf'k;ksa dk 28-15 çfr'kr] vfxzeksa ij C;kt vk; dk 6-64 çfr'kr rFkk tek jkf'k;ksa ij fn, x, C;kt O;;ksa dk 25-54 çfr'kr fgLlk curk gSA

foÙkh; foojf.k;ksa ds fy, cSad çca/ku dk mÙkjnkf;Ro

2- cSad çcaèku bu foÙkh; foojf.k;ksa dks ys[kk ekudksa ds vuqlkj rS;kj djus ds fy, mÙkjnk;h gS tksfd cSaÇdx dkuwu ds vuqlkj rFkk Hkkjr esa Lohdk;Z gSA mÙkjnkf;Ro esa fMtkÃu] dk;kZUo;u rFkk foÙkh; foojf.k;ksa dks rS;kj djus gsrq vkarfjd fu;a=.k tks fd ;FkkFkZ ds vdFku] èkks[kkèkM+h ;k xyrh ds dkj.k gks ldrk gS] lfEefyr gSA

ys[kk ijh{kdksa dk mÙkjnkf;Ro

3- gekjs ys[kk ijh{k.k ds vkèkkj ij bu foÙkh; foojf.k;ksa ij jk; nsuk gekjk mÙkjnkf;Ro gSA geus viuk ys[kk ijh{k.k lunh ys[kkdkj laLFkku }kjk tkjh ys[kk ijh{k.k ekudksa ds vuqlkj fd;k gSA bu ekudksa ds vuq:i ;g okaNuh; gS fd ge ys[kk ijh{k.k gsrq uSfrd vko';drkvksa dk è;ku j[ks vkSj bl çdkj ;kstuk cuk,a ,oa bls iw.kZ djsa rkfd ;g foÜokl gks lds fd foÙkh; foojf.k;ksa esa dksÃ Hkh deh ugÈ gSA

4- ,d ys[kk ijh{k.k esa foÙkh; foojf.k;ksa esa fd, x, çdVu vkSj jkf'k;ksa lacaèkh lk{;ksa dks çkIr djus dh çfØ;k dk ijh{k.k lfEefyr gSA viukÃ xÃ çfØ;k ys[kk ijh{kd ds fu.kZ; ij fuHkZj gksrh gS ftlesa foÙkh; foojf.k;ksa ds fo"k; esa nh xÃ xyr lwpuk dk vkdyu lfEefyr gS tks èkks[kkèkM+h ;k xyrh ds dkj.k gks ldrk gSA ys[kk ijh{kd ifjfLFkfr;ksa ds vuq:i tksf[ke Hkjk vkdyu djus ds fy, vkarfjd fu;a=.k rFkk okLrfod çLrqfrdj.k ij fopkj djrk gS u fd cSad ds vkarfjd fu;a=.k dh çHkkfodrk ij fopkj O;ä djus ds mís'; lsA ys[kk ijh{k.k esa ç;qä ys[kk fl)karksa dk ewY;kadu rFkk çcaèku }kjk rS;kj fd, x, egRoiw.kZ vuqeku ,oa foÙkh; fooj.kksa dk fooj.k 'kkfey jgrk gSA

5- gesa foÜokl gS fd geus ys[kk ijh{k.k esa tks lk{; çkIr fd, gSa lkekU;rk iw.kZ gaS vkSj gekjs i{k ds fy, ,d mfpr vkèkkj gSaA

fo"k; dk egRo%

6- gekjh fjiksVZ dh fo'ks"krk crk, fcuk ge fuEufyf[kr dh vksj è;ku vkdÆ"kr djrs gSa%

¼i½ uksV la[;k 1-1] 1-2 vkSj 1-3 vk;] O;;] vkfLr;ksa vkSj ns;rkvksa ds fofHkUu [kkrksa dh cdk;k enksa ds 'ks"kksa@fudklh igpku@ lek;ksftr u gksus ds dkj.k blds çHkko dh vko';drk dks fuèkkZfjr ugÈ fd;k tk ldk gSA

¼ii½ uksV la- 10-9-3 tks fd ys[kkadu cgh ds vuqlkj fuos'k ewY; ij fofoèk [kkrk ij varj ds lacaèk esa 355-05 djksM+ #- dh vkLFkfxr dj ns;rkvksa ds l`tu u djus rFkk vk;dj vfHkdyu ds fy, varj ij fopkj djrs gq, LFkkÃ gksxkA

¼iii½ vihy esa foyafcr fookfnr dj ns;rkvksa ds lacaèk esa uksV la- 10-9-5] ftldk çHkko fuf'pr ugÈ gSA

¼iv½ cSad dh iwath i;kZIrrk csly&II rFkk csly& III vU; vuqikr ftUgsa cSad }kjk ys[kksa esa çdV fd;k x;k gS] [kkrksa ij fVIif.k;ka] ys[kk& uhfr;ksa vkSj mä ifjPNsn 6¼i½ ls ¼iii½ ij gekjh fVIif.k;ksa ds vuqlkj fd, x, lek;kstuksa ds vuq:i gSA

¼v½ uksV la- 10-9-6 tks vk;dj çkfèkdkfj;ksa }kjk [kjkc _.kksa ds nkos dh Lohdk;Zrk esa vfu'prrk dk o.kZu djrk gS] dh rqyuk esa Lora= fo'ks"kK dh jk; ds vkèkkj ij cSad us fu.kZ; fy;k gSA

Punjab & Sind Bank


INDEPENDENT AUDITOR’S REPORTTo,The President of India

Report on the Financial Statements of Punjab & Sind Bank

1. We have audited the accompanying financial statements of Punjab & Sind Bank as at 31st March, 2016, which comprise the Balance Sheet as at March 31, 2016, and Profit and Loss Account and the cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information. Incorporated in these financial state-ments are the returns of 20 branches audited by us and 536 branches audited by branch auditors. The branches audited by us and those audited by other branch auditors have been selected by the Bank in accordance with the guidelines issued to the Bank by the Reserve Bank of India. Also incorporated in the Balance Sheet and the Profit and Loss are the returns from 925 branches which have not been subjected to audit. These unaudited branches account for 10.00 per cent of advances, 28.15 per cent of deposits, 6.64 per cent of interest income and 25.54 per cent of interest expenses.

Management’s Responsibility for the Financial Statements

2. Management is responsible for the preparation of these financial statements in accordance with accounting standards generally accepted in India and applicable banking laws. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material mis-statement, whether due to fraud or error.

Auditor’s Responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

4. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the bank’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances but not the purpose of expressing an opinion on the ef-fectiveness of the Bank’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is generally sufficient and appropriate to provide a basis for our audit opinion.

Emphasis of matter:6. Without qualifying our report, we draw attention to:

(i) Note no. 1.1, 1.2 and 1.3 regarding non reconciliation of balances and clearances/identification of outstanding items in respect of various accounts of income, expenditure, assets and liabilities, the impact of which is not ascertainable.

(ii) Note no.10.9.3 regarding non creation of deferred tax liability of Rs.355.05 crore in respect of difference on account of variation on the value of investment as per the books of account and for the income tax computation considering the difference to be permanent.

(iii) Note no. 10.9.5 regarding disputed tax liabilities pending in appeals, the effect of which is not ascertainable(iv) Capital adequacy as per Basel – II and Basel – III and other ratios disclosed in the accounts by the bank are subject to

adjustment arising out of the Notes on accounts, accounting policies and our remarks in Para 6 (i) to (iii) above.(v) Note No.10.9.6 regarding allowability of claim of bad debts by the Income Tax Authorities vis-a-vis stand taken by the

bank based on expert independent opinion.

iatkc ,.M fla/ cSad


7- gekjh jk; esa tSlk fd cSad ds cfg;ksa esa n'kkZ;k x;k gS vkSj gekjh loksZÙke tkudkjh ds vuqlkj rFkk gesa fn, x, Li"Vhdj.kksa ds vuqlkj] ge ;g lwfpr djrs gSa fd%&

¼i½ çeq[k ys[kk uhfr;ksa rFkk mu ij gekjh fVIif.k;ksa lfgr iBuh; rqyu&i= ,d iw.kZ ,oa fo'kq} rqyu i= gS ftlesa vko';d fooj.k fufgr gSa rFkk bls mfpr <+ax ls rS;kj fd;k x;k gS ftlesa cSad ds 31 ekpZ 2016 ds ekeyksa dk mfpr mYys[k gS tks fd Hkkjr esa Lohdk;Z ys[kk fl)kUrksa ds vuq:i gS(

¼ii½ ykHk gkfu [kkrk ,oa çeq[k ys[kk uhfr;ksa tks fd Hkkjr esa Lohdk;Z ys[kk fl)kUrksa ds vuq:i gS rFkk gekjh fVIif.k;ksa ds lkFk iBuh; lekIr o"kZ ds fy, okLrfod ykHk 'ks"k dks n'kkZrk gS(

¼iii½ udnh çokg fooj.kh ml frfFk ij lekIr o"kZ rd dh udnh çokg fooj.kh ds lR; rFkk okLrfod udnh çokg dks n'kkZrh gSA

vU; fofèkd rFkk fofu;ked vko';drkvksa ij fjiksVZ

8- rqyu i= vkSj ykHk gkfu [kkrs] cSaÇdx fofu;eu vfèkfu;e 1949 dh r`rh; vuqlwph esa fn, QkeZ Øe'k% **A** rFkk **B** esa rS;kj fd, x, gSaA

9- mijksä 1 ls 5 rd ifjPNsnksa esa ys[kk ijh{kk ds vkèkkj ij rFkk cSaÇdx daiuh ¼miØeksa dk vtZu ,oa varj.k½ vfèkfu;e] 1970@1980 rFkk mlesa visf{kr çdVhdj.k dh lhekvksa ds vèkhu rFkk ys[kk uhfr;ksa vkSj ys[kk lacaèkh fVIif.k;ksa dks è;ku esa j[krs gq, ge fjiksVZ djrs gSa fd%

d½ tks lwpuk,a vkSj Li"Vhdj.k gekjh tkudkjh ,oa foÜokl ds vuqlkj ys[kk ijh{k.k gsrq vko';d Fks] geus os lHkh lwpuk,a çkIr dh gSa vkSj bUgsa larks"ktud ik;k gSA

[k½ cSad ds ,sls lHkh ysu&nsu gekjh tkudkjh esa vk, gSa tks cSad ds vfèkdkjksa ds varxZr FksA

x½ cSad ds dk;kZy;ksa@'kk[kkvksa ls çkIr foojf.k;ksa dks lkekU;r% ys[kk ijh{k.k gsrq mi;qä ik;k x;k gSA

10- gekjh jk; esa] rqyu&i=] ykHk&gkfu [kkrk rFkk udnh çokg fooj.kh ykxw ys[kk ekudksa ds vuqlkj gSaA

—rs frokjh ,.M ,lksf'k,Vl —rs f<Yyksa ,.M ,lksf'k,Vllunh ys[kkdkj lunh ys[kkdkj

¼nsosUæ ekxks½ ¼jkts'k eYgks=k½ikVZuj ikVZuj,e-ua- 085739 ,e-ua- 090661,Qvkj,u% 002870,u ,Qvkj,u% 002783,u

—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da-lunh ys[kkdkj lunh ys[kkdkj

¼vkÃ-ts- èkou½ ¼gjcUl Çlg½ikVZuj ikVZuj,e-ua- 081679 ,e-ua- 099109 ,Qvkj,u% 002864,u ,Qvkj,u% 007601,u

LFkku % uÃ fnYyhfnukad% 10 eÃ] 2016

Punjab & Sind Bank


7. In our opinion, as shown by books of bank, and to the best of our information and according to the explanations given to us we further report that:

(i) the Balance Sheet, read with the notes thereon is a full and fair Balance Sheet containing all the necessary particulars, is properly drawn up so as to exhibit a true and fair view of state of affairs of the Bank as at 31st March 2016 in con-formity with accounting principles generally accepted in India;

(ii) the Profit and Loss Account, read with the notes thereon shows a true balance of profit, in conformity with accounting principles generally accepted in India, for the year covered by the account; and

(iii) the Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

8. The Balance Sheet and the Profit and Loss Account have been drawn up in Forms “A” and “B” respectively of the Third Schedule to the Banking Regulation Act, 1949.

9. Subject to the limitations of the audit indicated in paragraph 1 to 5 above and as required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, read with Notes on Accounts attached and subject also to the limitations of disclosure required therein, we report that:

(a) We have obtained all the information and explanations which to the best of our knowledge and belief, were necessary for the purposes of our audit and have found them to be satisfactory.

(b) The transactions of the Bank, which have come to our notice have been within the powers of the Bank.

(c) The returns received from the offices and branches of the Bank have been found adequate for the purposes of our audit.

10. In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the applicable accounting standards.

For Tiwari & Associates For Dhillon & Associates Chartered Accountants Chartered Accountants

(Devender Magoo) (Rajesh Malhotra) Partner PartnerM. No. 085739 M. No. 090661 FRN : 002870N FRN : 002783N


(I. J. Dhawan) (Harbans Singh)Partner PartnerM. No. 081679 M. No. 099109FRN : 002864N FRN : 007601N

Place : New Delhi Dated : 10 May, 2016

iatkc ,.M fla/ cSad


rqyu&i= rFkk ykHk&gkfu [kkrksa dh laf{kIr foÙkh; fooj.kh

laf{kIr rqyu&i= 31 ekpZ] 2016¼jkf'k yk[kksa esa½

iwath rFkk ns;rk,a 31 ekpZ] 2016orZeku o"kZ

31 ekpZ] 2015 foxr~ o"kZ

iwath 40041.10 40041.10

vkjf{kr fuf/k ,oa vf/k'ks"k lkafof/kd vkjf{kr fuf/k 103319.06 94919.06

iwath vkjf{kr fuf/k 119556.33 105682.42'ks;j çhfe;e 131804.18 131804.18jktLo rFkk vU; vkjf{kr fuf/k 21023.41 19252.06ykHk&gkfu [kkrs esa 'ks"k 181277.70 167918.69

tekjkf'k;ka ekax tek 500919.20 478906.17

cpr [kkrk tek 1571992.51 1388098.30

fe;knh tek 7052084.68 6804467.13

m/kkj Hkkjr esa m/kkj

¼d½ Hkkjrh; fjt+oZ cSad ls 79500.00 19500.00¼[k½ vU; cSadksa ls 0.00 0.00¼x½ vU; laLFkkuksa rFkk vfHkdj.kksa ls 204401.36 285323.00Hkkjr ls ckgj m/kkj 0.00 0.00

vU; ns;rk,a rFkk Áko/kku ns; fcy 24630.64 23059.27

var% dk;kZy; lek;kstu¼fuoy½ 6633.16 3267.30çksnHkwr C;kt 92098.71 67791.86LFkfxr dj ns;rk ¼fuoy½ 20075.52 10141.61vU; 108784.30 135168.21dqy iwath ,oa ns;rk,a 10258141.86 9775340.36

vkfLr;kaudnh v©j Òkjrh; fjt+oZ cSad esa bfr'ks"k

382255.90 375610.67

cSad¨a esa bfr'ks"k ,oa ekax rFkk vYi Lkwpuk ij ÁkI; /ku

Hkkjr ds cSadksa esa 'ks"k 5594.86 5384.93

Hkkjr esa ekax rFkk vYi lwpuk ij çkI; /ku 80000.00 15000.00Hkkjr ds ckgj 'ks"k 22406.33 25955.13

fuos'k Hkkjr esa

¼d½ ljdkjh çfrHkwfr;ka 2109200.97 2083742.82

¼[k½ vU; vuqeksfnr çfrHkwfr;ka 1068.63 1054.83

Punjab & Sind Bank


Statement containing salient features of balance sheet and profit and loss accountAbridged Balance Sheet as on 31st March, 2016

(Amount in Rs.Lac)

CAPITAL & LIABILITIES As on March 31,2016Current Year

As on March 31,2015Previous Year

Capital 40041.10 40041.10

Reserves & Surplus Statutory Reserves 103319.06 94919.06Capital reserve 119556.33 105682.42Share Premium 131804.18 131804.18Revenue and Other Reserves 21023.41 19252.06Balance in Profit & Loss a/c 181277.70 167918.69

Deposits Demand Deposits 500919.20 478906.17Saving Bank Deposits 1571992.51 1388098.30Term Deposits 7052084.68 6804467.13

Borrowings Borrowings in India(a) From Reserve Bank of India 79500.00 19500.00(b) From other banks 0.00 0.00(c)From other institutions & agencies 204401.36 285323.00Borrowings outside India 0.00 0.00

Other Liabilities & Provisions Bills payable 24630.64 23059.27Inter-office adjustments (net) 6633.16 3267.30Interest accrued 92098.71 67791.86Deferred Tax Liability (net) 20075.52 10141.61Others 108784.30 135168.21Total Capital & Liabilities 10258141.86 9775340.36

ASSETSCash and balance with Reserve Bank of India

382255.90 375610.67

Balances with banks and money at call and short notice

Balance with banks in India 5594.86 5384.93

Money at call and short notice in India 80000.00 15000.00

Balance outside India 22406.33 25955.13

Investments In India(a) Government Securities 2109200.97 2083742.82(b) Other approved securities 1068.63 1054.83

iatkc ,.M fla/ cSad


¼jkf'k yk[kksa esa½¼x½ 'ks;j 13449.94 14937.91¼?k½ fMcSapj rFkk ckaM~l 624510.34 299422.31¼n½ lgk;d bdkbZ;ka rFkk@;k la;qä miØe 65.37 65.37¼/k½ vU; 16208.49 1432.77Hkkjr ds ckgj 0.00 0.00

vfxze Hkkjr esa

¼d½ Ø; fd, x, rFkk Hkquk, x, fcy 34429.08 40813.55¼[k½ udnh m/kkj] vf/kfod"kZ rFkk ekax ij çfrns; m/kkj

2114632.37 1896361.57

¼x½ eh;knh _.k 4242545.92 4449842.55

Hkkjr ds ckgj 0 0

LFkk;h vkfLr;ka 113343.98 99482.84

vU; vkfLr;ka var% dk;kZy; lek;kstu ¼fuoy½ 0.00 0.00

çksnHkwr C;kt 51130.47 53331.56vfxze :i ls lanÙk@lzkSr ij dkVk x;k dj 18283.63 39455.66LFkfxr dj ns;rk ¼fuoy½ 0.00 0.00

nkoksa dh larqf"V esa çkIr dh xbZ xSj&cSaddkjh vkfLr;kaa

0.00 0.00

vU; 429015.58 373445.89dqy vkfLr;kaa 10258141.86 9775340.36

vkdfLed ns;rk,a cSad ds fo:) ,sls nkos ftUgsa _.k ds :i esa Lohdkj ugh fd;k x;k gS

308.53 337.00

cdk;k ok;nk fons'kh fofue; lafonkvksa ds fy, ns;rk

1233021.79 1189617.74

la?kVdksa dh vksj ls nh xbZ xkjafV;ka

216790.75 207061.92

Loh—fr;ka] i`"Bkadu rFkk vU; ck/;rk,a

16583.83 15820.61

vU; ensa ftuds fy, cSad vkdfLed :i ls mÙkjnk;h gS

25741.48 29318.79

dqy vkdfLed ns;rk,a 1492446.38 1442156.06

oLkwyh ds fy, fcy 110606.94 76872.85

uksV% iwath vkjf{kr fufèk esa foÙkh; o"kZ 2015&16 rFkk 2014&15 ds Øe'k% #-- 90213-93 yk[k vkSj #- 78455-13 yk[k dh iquewZY;kadu vkjf{kr fufèk lfEefyr gSA

Punjab & Sind Bank


(Amount in Rs.Lac)(c) Shares 13449.94 14937.91(d) Debentures and Bonds 624510.34 299422.31(e) Subsidiaries and/ or Joint Ventures 65.37 65.37(f ) Others 16208.49 1432.77Outside India 0.00 0.00

Advances In India(a) Bills purchased and discounted 34429.08 40813.55(b) Cash credits, overdrafts and loans receivable on demand

2114632.37 1896361.57

(c) Term Loans 4242545.92 4449842.55Outside India 0 0

Fixed Assets 113343.98 99482.84

Other assets Inter-office adjustments (net) 0.00 0.00Interest accrued 51130.47 53331.56Tax paid in advance/deducted at source 18283.63 39455.66Deferred Tax Asset (net) 0.00 0.00Non-banking assets acquired in satisfaction of claims

0.00 0.00

Others 429015.58 373445.89Total Assets 10258141.86 9775340.36

Contingent Liabilities Claims against the bank not acknowledged as debts

308.53 337.00

Liability on account of outstanding forward exchange contracts

1233021.79 1189617.74

Guarantees given on behalf of constituents

216790.75 207061.92

Acceptances endorsements and other obligations

16583.83 15820.61

Other items for which the bank is contingent liable

25741.48 29318.79

Total Contingent Liabilities 1492446.38 1442156.06

Bills for collection 110606.94 76872.85

Note : Capital Reserve includes Revaluation Reserve for the financial year 2015-16 and 2014-15 of Rs.90213.93 lacs and Rs.78455.13 lacs respectively.

iatkc ,.M fla/ cSad


31 ekpZ] 2016 dh vof/k dk iatkc ,.M fla/k cSad dk laf{kIr ykHk ,oa gkfu [kkrk

¼jkf'k yk[kksa esa½orZeku o"kZ

31 ekpZ] 2016foxr~ o"kZ

31 ekpZ] 2015

vk;vftZr C;kt vfxzeksa@fcyksa ij 665534.89 637481.07

fuos'kksa ij 189650.71 200884.70

Hkkjrh; fjtoZ cSad ds vfr'ks"kksa vkSj vU; cSad fuf/k;ksa ij

2166.07 6469.15

vU; 17082.42 14019.79

vU; vk; deh'ku] fofue;] rFkk nykyh 8101.32 7639.95

fuos'kksa ds foØ; ij ykHk ¼fuoy½ 14011.55 13366.27

Hkwfe] Hkou rFkk vkfLr;ksa ds foØ; ij ykHk ¼fuoy½

3.97 4.02

fofue; ysu&nsu ij ykHk ¼fuoy½ 3757.01 3437.41

leuq"kafx;ksa }kjk çkIr ykHkka'k vkfn ls vk;@Hkkjr@fons'k esa daifu;ka vkSj@;k la;qä m|e ls vk;

0.00 0.00

vU; vk; 21974.72 18427.63

dqy vk; 922282.66 901729.99

O;;vifpr C;kt tekvksa ij 631236.39 669603.28

Hkkjrh; fjtoZ cSad@varj cSad m/kkjksa ij 6589.60 6431.21

vU; 19029.41 14900.76

ifjpkyu O;; deZpkfj;ksa dks Hkqxrku vkSj çko/kku

89402.67 87433.49

fdjk;k dj vkSj jks'kuh 12675.35 10706.51

eqæ.k ,oa ys[ku lkexzh 884.33 949.22

foKkiu vkSj çpkj 143.68 223.81

cSad laifÙk ij ewY;ºzkl 4573.56 4603.77

funs'kdksa ds 'kqYd] HkÙks vkSj O;; 27.14 21.56

ys[kk ijh{kdksa dh Qhl vkSj O;;¼'kk[kk ys[kk ijh{kd lfEefyr½

934.79 906.14

fof/k çHkkj 1759.47 1432.59

Mkd O;;] rkj vkSj nwjHkk"k vkfn 877.72 901.21

ejEer vkSj vuqj{k.k 1238.38 1461.84

Punjab & Sind Bank


Abridged Profit and Loss Account for the Period Ended 31st March, 2016(Amount in Rs.Lac)

Year Ended 31.03.2016

Year Ended 31.03.2015

Income

Interest earned On advances / bills 665534.89 637481.07

On Investments 189650.71 200884.70

on Balances with RBI and inter bank funds 2166.07 6469.15

Others 17082.42 14019.79

Other Income Commission,exchange and brokerage 8101.32 7639.95

Profit on sale of investments (Net) 14011.55 13366.27

Profit on sale of land, buildings and other assets (Net)

3.97 4.02

Profit on exchange transactions (Net) 3757.01 3437.41

Income by way of dividends,etc.from subsidiaries/ companies and/or joint ventures abroad/in India

0.00 0.00

Miscellaneous Income 21974.72 18427.63

Total Income 922282.66 901729.99

ExpenditureInterest Expended On deposits 631236.39 669603.28

On RBI/inter bank borrowings 6589.60 6431.21

Others 19029.41 14900.76

Operating Expenses Payment to and provisions for employees 89402.67 87433.49

Rent,taxes and lighting 12675.35 10706.51

Printing and stationery 884.33 949.22

Advertisement and publicity 143.68 223.81

Depreciation on bank's property 4573.56 4603.77

Director's fees,allowances and expenses 27.14 21.56

Auditor's fee and expenses(including branch auditors)

934.79 906.14

Law charges 1759.47 1432.59

Postage,telegrams,telephones, etc. 877.72 901.21

Repairs and maintainence 1238.38 1461.84

iatkc ,.M fla/ cSad


chek 7934.75 7903.39

vU; 17985.90 16706.23

çko/kku rFkk vkdfLedrk fuos'k ij ewY;ºzkl gsrq çko/kku 3237.34 -1251.08

vutZd [kkrksa gsrq çko/kku 80708.01 43661.51

ekud vkfLr;ksa ij çko/kku -2978.24 14325.00

,Qoh iqu% lajfpr esa deh ds fy, izko/kku ¼ekud½

-3978.87 6362.03

vU; ¼vk;dj ds vfrfjä½ 160.89 -364.24

dqy O;; rFkk çko/kku 872442.27 886918.23

dj ls igys ykHk@¼gkfu½ 49840.39 14811.76

orZeku dj 6309.24 228.97

LFkfxr dj 9933.91 2447.96

dj ds ckn ykHk@¼gkfu½ 33597.24 12134.83

ykHk@gkfu vxzsf"kr 167918.69 163551.20

lkekU; vkjf{kfr;ksa ls vkgj.k

1.04 0.00

dqy ;ksx 201516.97 175686.03

fofu;kstu lkafof/kd vkjf{kr fuf/k;ksa dks varj.k 8400.00 4800.00

vU; vkjf{kr fuf/k;ksa dks varj.k 3887.50 23.20

ljdkj@çLrkfor ykHkka'k ftlesa MhMhVh lfEefyr gS dks varj.k

7951.77 2944.14

'ks"k dks vkxs rqyu&i= esa ys tk;k x;k 181277.70 167918.69

Punjab & Sind Bank


Insurance 7934.75 7903.39

Others 17985.90 16706.23

Provisions and contingencies Provision for depreciation on Investment 3237.34 -1251.08

Provision towards non performing assets 80708.01 43661.51

Provision towards standard assets -2978.24 14325.00

Provision towards diminution in FV Restructured (Standard)

-3978.87 6362.03

Others (excluding Income taxes) 160.89 -364.24

Total expenses and provisions 872442.27 886918.23

Profit/(Loss) before tax 49840.39 14811.76

Current tax 6309.24 228.97

Deferred tax 9933.91 2447.96

Profit/(Loss) after tax 33597.24 12134.83

Profit/(Loss) brought forward 167918.69 163551.20

Withdrawal from General Reserve

1.04 0.00

Total 201516.97 175686.03

Approprations Transfer to Statutory Reserve 8400.00 4800.00

Transfer to Other Reserves 3887.50 23.20

Transfer to Government/proposed dividend including DDT

7951.77 2944.14

Balance carried forward to balance sheet 181277.70 167918.69

iatkc ,.M fla/ cSad


31 ekpZ] 2016 d¨ LkekIr o"kZ ds vuqLkkj udnh izokg fooj.kh(000NksMdj)

2015-16 2014-15

¼d½ ifjpkyu xfrfof/k;ksa ds varxZr udnh izokgykÒ&gkfu [kkrs ds vuqLkkj fuoy ykÒ@gkfu 3359724 1213483

Lkek;¨tu gsrqÁko/kku v©j vkdfLed O;; 9339228 6541015

ewY;gzkl 169064 462077

vkfLr;ksa dh fcØh ij ykÒ -397 -402

ckaM] ihLkhih,Lk rFkk vkbZihMhvkbZ ij C;kt 1290700 1489709

dk;Z'khy iwath esa ifjorZuksa Lks iwoZ ifjpkyu ykÒ 14158319 9705882

Lkek;¨tu gsrqfu{ksiksa esa o`f)@¼deh½ 45352479 19845512

m/kkjksa esa o`f)@¼deh½ -2092164 11431877

vU; ns;rkvksa esa o`f)@(deh) 1562076 -2074772

fuos'kksa esa (o`f))@deh -36708507 43000647

vfxzeksa esa (o`f))@deh -8132817 -71318530

vU; vkfLr;ksa esa (o`f))@deh -4843972 -30406788

ifjpkyu xfrfof/k;ksa ¼d½ Lks udn Áokg 9295414 -19816172

¼[k½ fuos'k xfrfof/k;ksa Lks udnh Áokgvpy vkfLr;ksa esa o`f) -379298 -845286

vkfLr;ksa dh fcØh ij ykÒ 397 402

fuos'k xfrfof/k;ksa Lks udnh Áokg ¼[k½ -378901 -844884

¼x½ foRrh; xfrfof/k;ksa Lks udnh Áokg

udnh gsrq bfDoVh 'ks;jksa (vafdr ewY;) dks tkjh djuk 0 304362

mLk ij ÁkIr 'ks;j Áhfe;e 0 1495638

LkkoZtfud fuxZe O;; 0 -8121

x©.k ckaM dk e¨pu 0 -400000

x©.k ckaMksa ij C;kt] ihLkhih,Lk ,.M vkbZihMhvkbZ -1290700 -1489709

bfDoVh ij ykÒka'k -660678 -240247

ykÒka'k vkcaVu dj -134499 -54167

foRrh; xfrfof/k;ksa Lks udnh Áokg ¼x½ -2085877 -392244

ifjpkyu xfrfof/k;ksa Lks udnh 9295414 -19816172

fuos'k xfrfof/k;ksa Lks udnh -378901 -844884

foŸkh; xfrfof/k;ksa Lks udnh -2085877 -392244

udnh o udnh LkerqY; esa o`f) 6830636 -21053300

cSad 'ks"k o udnh ¼izkjafEHkd½ 42195073 63248375

cSad 'ks"k o udnh ¼vafre½ 49025709 42195073

Punjab & Sind Bank


CASH FLOW STATEMENT FOR THE YEAR ENDED 31st March, 2016(000'S OMITTED)

2015-16 2014-15

(A) Cash Flow from Operating ActivitiesNet Profit as per Profit & Loss Account 3359724 1213483Adjustments for:Provisions & Contingencies 9339228 6541015Depreciation 169064 462077Profit on sale of Assets -397 -402Interest on Bonds, PCPS and IPDI 1290700 1489709Operating Profit before working capital changes 14158319 9705882Adjustments for:Increase / (Decrease) in Deposits 45352479 19845512Increase / (Decrease) in Borrowings -2092164 11431877Increase / (Decrease) in Other Liabilities 1562076 -2074772(Increase) / Decrease in Investments -36708507 43000647(Increase)/ Decrease in Advances -8132817 -71318530(Increase) / Decrease in Other Assets -4843972 -30406788Cash Flow from Operating Activities (A) 9295414 -19816172

(B)Cash Flow from Investing ActivitiesIncrease in Fixed Assets -379298 -845286Profit on sale of Assets 397 402Cash Flow from Investing Activities (B) -378901 -844884

(C)Cash Flow from Financing ActivitiesIssue of Equity Shares (Face Value) for cash 0 304362Share Premium received thereon 0 1495638Public Issue Expenses 0 -8121Redemption of Subordinated Bonds 0 -400000Interest on Bonds, PCPS and IPDI -1290700 -1489709Dividend on Equity -660678 -240247Dividend Distribution Tax -134499 -54167Cash Flow from Financing Activities (C) -2085877 -392244Cash from Operating Activities 9295414 -19816172Cash from Investing Activities -378901 -844884Cash from Financing Activities -2085877 -392244Increase in Cash & Cash Equivalents 6830636 -21053300Cash and Bank Balances (Opening) 42195073 63248375Cash and Bank Balances (Closing) 49025709 42195073

iatkc ,.M fla/ cSad


tÇrnjchj Çlg eqds'k dqekj tSu vjfoUn dqekj tSu vè;{k ,oa çcaèk funs'kd dk;Zdkjh funs'kd dk;Zdkjh funs'kd

ih-ds-tsuk vuhrk d.kkZoj vruq lsu funs'kd funs'kd funs'kd ,l-vkj- esgj lq[ksu iky ccwrk ,e-,l- lkjax funs'kd funs'kd funs'kd

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vkj-ds- caly th-,l- <haxjk oh-ds- esgjks=k egkçcaèkd egkçcaèkd lgk;d egkçcaèkd ,-,l- vgwtk lh-,e- Çlglgk;d egkçcaèkd eq[; çcaèkd

—rs frokjh ,.M ,lksfl,V~l —rs f<Yyksa ,.M ,lksfl,V~l lunh ys[kkdkj lunh ys[kkdkj ¼nsosUæ ekxks½ ¼jkts'k eYgks~=k½ lk>snkj lk>snkj ,e-ua- 085739 ,e-ua- 090661 ,Qvkj,u 002870,u ,Qvkj,u 002783,u

—rs èkou ,.M da- —rs nfoUnj iky Çlg ,.M da- lunh ys[kkdkj lunh ys[kkdkj

¼vkÃ-ts- èkou½ ¼gjcUl Çlg½ lk>snkj lk>snkj ,e- ua- 081679 ,e-ua- 0099109 ,Qvkj,u 002864,u ,Qvkj,u 007601,u fnukad% 10 eÃ] 2016LFkku% uÃ fnYyh

Punjab & Sind Bank


JATINDERBIR SINGH MUKESH KUMAR JAIN ARVIND KUMAR JAINCHAIRMAN & MG. DIRECTOR EXECUTIVE DIRECTOR EXECUTIVE DIRECTOR

P.K. JENA ANITA KARNAVAR ATANU SEN DIRECTOR DIRECTOR DIRECTOR

S.R. MEHAR S. P. BABUTA M. S. SARANGDIRECTOR DIRECTOR DIRECTOR

I.S. BHATIA DEEPAK MAINI G.S. DHALLGENERAL MANAGER GENERAL MANAGER GENERAL MANAGER

D.D. SHARMA VARINDER GUPTA HARVINDER SINGHGENERAL MANAGER GENERAL MANAGER GENERAL MANAGER

R. K. BANSAL G. S. DHINGRA V.K. MEHROTRA GENERAL MANAGER GENERAL MANAGER ASSTT.GEN. MANAGER

A.S.AHUJA C.M. SINGHASSTT.GEN. MANAGER CHIEF MANAGER

For Tiwari & Associates For Dhillon & Associates Chartered Accountants Chartered Accountants

(Devender Magoo) (Rajesh Malhotra) Partner PartnerM. No. 085739 M. No. 090661 FRN : 002870N FRN : 002783N


(I. J. Dhawan) (Harbans Singh)Partner PartnerM. No. 081679 M. No. 099109FRN : 002864N FRN : 007601N

Dated: 10 May, 2016Place: New Delhi

iatkc ,.M fla/ cSad


LorU= ys[kk ijh{kdksa dh fjiksVZ esa lanÆHkr ys[kksa ls lacafèkr fVIif.k;ka1- cfg;ksa ds 'ks"k feyku vkSj mudk lek;kstu

1-1 dqNsd 'kk[kkvksa esa lgk;d cgh [kkrk 'ks"kksa ds lkFk fu;a=d [kkrksa ds 'ks"k feyku@lek;kstu dh çfØ;k py jgh gSA

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çcaèku dh jk; esa] ykHk&gkfu [kkrs o rqyu&i= ij mä iSjk 1-1 ls 1-3 dk çHkko ;fn dksÃ gS] rks ux.; gksxkA

10-9-3 fofèkd&dj fo'ks"kKksa dh jk; ds vkèkkj ij ys[kk vk; rFkk çfrHkwfr;ksa ds ewY; ij vk; dj dh x.kuk ds LFkk;h varj ij cSad us fopkj esa fd;k gS rFkk rnuqlkj #- 355-05 djksM+ ¼iwoZ o"kZ ds #- 379-26 djksM+½ dh jkf'k dh vkLFkfxr dj ns;rk ds fuekZ.k dks vko';d ugÈ ekuk x;kA

10-9-5 vihy çkfèkdkfj;ksa dh fu.kkZ;d fu.kZ; ç.kkyh@vuqdwy U;kf;d vfèk?kks"k.kkvksa@ rFkk dj fo'ks"kKksa dh jk; ds vuqlkj fookfnr vk;dj] ÇÝt cSfufQV dj rFkk C;kt dj dh dqy jkf'k #- 257-41 djksM+ ¼iwoZ o"kZ esa #- 293-19 djksM+½ dh ekax ds çkoèkku dks vko';d ugh ekuk x;k gSA

10-9-6 dj ijke'kZnkrkvksa ds vuqlkj cSad us pkyw foÙkh; o"kZ ds fy, vk;dj gsrq çkoèkku dh lax.kuk ds fy, vk;dj vfèkfu;e] 1961 dh èkkjk 36 ¼1½¼VII½ ds varxZr dVkSfr;ksa dk nkok fd;k gS tks fd #- 332-04 djksM+ ¼fiNys o"kZ #- 249-17 djksM+½ ds xSj&xzkeh.k vfxzeksa dks lek;ksftr fd, cxSj cV~ Vs [kkrs esa Mkyus ds lacaèk esa gSA vk;dj vfèkfu;e] 1961 dh èkkjk 36 ¼1½¼VII½ esa Li"Vhdj.k 2 ds lkFk ifBr èkkjk 36 ¼1½¼VIIa½ ds vuqlkj xSj&xzkeh.k vfxzeksa dks v'kksè; _.k cV~ Vs [kkrs esa Mkyus ls lacafèkr gS] ykxw ugÈ gSA

Punjab & Sind Bank


NOTES ON ACCOUNTS REFERRED IN INDEPENDENT AUDITORS’ REPORT1 Balancing of Books and Reconciliation.

1.1 In certain Branches, the balancing / reconciliation of control accounts with subsidiary ledgers is in progress.

1.2 Initial matching of debit and credit outstanding of old entries in Inter Branch Account (IBR+DD), prior to CBS System. Adjustments (including old outstanding entries) has been done up to 31.03.2016 and reconciliation is in progress.

1.3 Reconciliation of Drafts payable, Debit Note Receivable/ Payable, RTGS/NEFT (Suspense) etc. is in progress. Provisions have been made as per RBI norms.

In the opinion of the management, the impact of the above para 1.1 to 1.3, if any, on the Profit & Loss Account and Balance Sheet though not quantifiable, will not be material.

10.9.3 Based on the opinion of tax expert, the bank has considered the difference between accounting income and computation of taxable income on valuation of securities as permanent and accordingly, deferred tax liability of Rs. 355.05 crore (Previous Year Rs.379.26 crore) has not been considered necessary.

10.9.5 No provision has been considered necessary in respect of disputed demands of Income Tax, Fringe Benefit Tax and Interest Tax aggregating to Rs. 257.41 crore (Previous year Rs.293.19 crore) in view of decisions of appellate authorities / judicial pronouncements / opinions of legal experts.

10.9.6 Based on the opinion of tax expert, the bank has claimed the deduction under section 36(1)(vii) of the Income Tax Act, 1961 in respect of write off of non-rural advances of Rs.332.04 crore (previous year Rs.249.17 crore) without adjusting the same with the unexhausted provision outstanding under section 36(1)(viia) of the Income Tax Act, 1961 holding that proviso read with Explanation-2 to section 36(1)(vii) is not applicable to the bad debts written off of non-rural advances.

iatkc ,.M fla/ cSad


iatkc ,.M ÇLk/k cSad] ¼Òkjr Lkjdkj dk miØe½

Á/kku dk;kZy; 21] jktsUæ IysLk] ubZ fnYyh 110008¼NBoha okf"kZd lkekU; cSBd½ 28-06-2016

QkeZ ‘ch’ÁkWDLkh QkeZ

¼'ks;j/kkjd }kjk Hkjk vkSj gLrk{kj fd;k tk,½

e S a@ge ................................................................................................................................fuoklh ............................

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ftyk....................................jkT;.....................................dks vFkok muds mifLFkr u gks ldus ij [email protected]

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............................ ...............................................................

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Punjab & Sind Bank



Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008{SIXTH ANNUAL GENERAL MEETING}: 28.06.2016

FORM ‘B' PROXY FORM

[To be filled and signed by the Shareholder]

I/We…………………………………………………………………………………………………………...Resident of…………………………………………….………………..in the district of

………………........................................... in the State of ……........................................…… being a shareholder /shareholders of the Punjab & Sind

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 Sixth Annual General Meeting of the Shareholders of Punjab & Sind Bank to be held on Tuesday the 28th June,

2016 at 10.00 A.M. at India International Centre, 40-Max Mueller Marg, Lodi Estate, New Delhi – 110 003 and at any adjournment thereof.

Signed this …….......…….. day of ….....………. 2016

Regd. Folio No./Client ID: No. of Shares

............................ .............................................................................

Signature of Proxy Signature of the sole / first named shareholder

Name & Address: ..................................... Name & Address: ................................................

.................................................................. .............................................................................

Annexure-‘A’

Please affix Revenue

Stamp

INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM 1. No instrument of proxy shall be valid unless,

a) in the case of an individual shareholder, it is signed by him/her or 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 or his / her attorney, duly authorised in writing, c) in the case of a body corporate signed by its officer or an attorney duly authorised in writing.

2. An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his / her name, if his / her mark is affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurances or other Government Gazetted Officer or an Officer of Punjab & Sind 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 the power of attorney or authority, certified by a Notary Public or a Magistrate, should be deposited with Punjab & Sind Bank, HO Shares Cell, 1st Floor, 21-Rajendra Place, New Delhi-110 008 not less than FOUR DAYS before the date of the Annual General Meeting i.e. on or before the closing hours of Thursday, the 23rd day of June, 2016 (5.00 p.m.).

4. In case the relevant Power of Attorney is already registered with Punjab & Sind Bank or Share Transfer Agent, the registration Number of Power of Attorney and the date of such registration may be mentioned.

5. No instrument of Proxy shall be valid unless it is in Form ‘B' and duly stamped. 6. An instrument of proxy deposited with the Bank shall be irrevocable and final. 7. 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. 8. The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General Meeting to which

such instrument relates. 9. No person shall be appointed as duly authorised representative or a proxy who is an officer or an employee of Punjab & Sind Bank.

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Punjab & Sind Bank



Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008

ATTENDANCE SLIP SIXTH ANNUAL GENERAL MEETING

INDIA INTERNATIONAL CENTRE, 40-MAX MUELLER MARG, LODI ESTATE, NEW DELHI – 110 003

TUESDAY, JUNE 28, 2016, 10.00 a.m. [Please fill in the Attendance slip and hand it over at the Registration counter]

Regd. Folio/ DP & Client ID s

Name of the Shareholder

Number of Shares

Signature of Shareholder / Proxy / Authorised Representative


Head Office : 21 – RAJENDRA PLACE, NEW DELHI -110008

ENTRY PASS(To be retained throughout the meeting)

SIXTH ANNUAL GENERAL MEETINGINDIA INTERNATIONAL CENTRE, 40-MAX MUELLER MARG,

LODI ESTATE, NEW DELHI – 110 003

TUESDAY, JUNE 28, 2016, 10.00 a.m.

Regd. Folio/ DP & Client ID

Name of the Shareholder

Number of Shares

Signature of Shareholder / Proxy / Authorised Representative

Note : Ballot Paper for polling will be issued against the entry pass only.

Annexure-‘B’

iatkc ,.M fla/ cSad


NOTES

Punjab & Sind Bank


NOTES

iatkc ,.M fla/ cSad


NOTES

egkizca/kd / General Managers

Jh vkbZ-,l- HkkfV;kSh. I.S. Bhatia

Jh ,e-th- JhokLroSh. M.G. Srivastava

Jh nhid eSuhSh. Deepak Maini

Jh th-,l- <+YySh. G.S. Dhall

Jh Mh-Mh- 'kekZSh. D.D. Sharma

Jh ohjsUnz xqIrkSh. Varinder Gupta

Jh vkj- ds- calySh. R.K.Bansal

Jh ,l-lh- Dok=kSh. S.C. Kwatra

Jh jfeUnjthr flagSh. Raminderjit Singh

Jh th-,l- ukjaxSh. G.S. Narang

Jh th-,l- <haxjkSh. G.S. Dhingra

Jh gjfoUnj flag Sh.Harvinder Singh

funs’kd eamy - current accounts · 4- funs'kd eamy dh fjiksvz / directors' report 16-43...

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