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Auditor Report of State Bank Of Bikaner and Jaipur

Mar 31, 2015

1. We, the undersigned Auditors of State Bank of Bikaner & Jaipur, appointed under section 41(1) of the State Bank of India (Subsidiary Banks) Act, 1959, do hereby report on the Balance Sheet as at 31st March, 2015, the Profit and loss account and the Cash flow Statement for the year ended on that date.

We have audited the accompanying financial statements of State Bank of Bikaner & Jaipur as at 31st March, 2015, which comprise the Balance Sheet as at March 31, 2015, 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 statements are the returns of 20 branches audited by us and 661 branches and 61 processing centers audited by branch auditors. The branches audited by us and those audited by other 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 Statement of Profit and Loss are the returns from 580 branches and 14 other offices which have not been subjected to audit. These unaudited branches account for 6.84 per cent of advances, 18.90 per cent of deposits, 4.62 per cent of interest income and 16.01 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 The Banking Regulation Act, 1949, State Bank of India (Subsidiary Banks) Act, 1959 and regulation framed thereunder and prescribed accounting standards to the extent they are not inconsistent with accounting policies and comply with Reserve Bank of India Guidelines from time to time. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

AUDITOR''S RESPONSIBILITY :

3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and 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 judgement, 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 Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of entity''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 sufficient and appropriate to provide a basis for our audit opinion.

OPINION

6. In our opinion, as shown by books of bank, and to the best of our information and according to the explanations given to us:

(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 2015 in conformity 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

7. 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.

8. Subject to the limitations of the audit indicated in paragraph 1 to 5 above read with disclosures in notes to accounts and as required by the State Bank of India (Subsidiary Banks) Act, 1959 with 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.

9. In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the applicable accounting standards.

For Chaturvedi & Co. For M* K* Aggarwal & Co. Chartered Accountants Chartered Accountants FR NO.302137 FR NO. 0141 IN

(CA Satish Chandra (CA M.K. Aggarwal) Chaturvedi) (M. No. 14956) (M.No. 12705) Partner Partner

For. P S D & Associates. For Uberoi Sood & Kapoor Chartered Accountants Chartered Accountants FR NO. 004501 FR NO. 001462 N

(CA Prakash Sharma ) (CA Sanjay Sood) (M.No.072332 ) (M.No.80527) Partner Partner

Place : Mumbai 06th May, 2015


Mar 31, 2013

We, the undersigned Auditors of State Bank of Bikaner & Jaipur, appointed under section 41(1) of the State Bank of India (Subsidiary Banks) Act, 1959, do hereby report on the Balance Sheet as at 31st March, 2013, the Profit and loss account and the Cash flow Statement for the year ended on that date.

1. We have audited the accompanying financial statements of State Bank of Bikaner & Jaipur as at 31st March, 2013, which comprise the Balance Sheet as at March 31, 2013, and Profit and Loss Account and the cash flow statement for the year ended, and a summary of significant accounting policies and other explanatory information. Incorporated in these financial statements are the returns of 20 branches audited by us and 511 branches and 56 processing centres audited by branch auditors. The branches audited by us and those audited by other 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 Statement of Profit and Loss are the returns from 506 branches and 18 other offices which have not been subjected to audit. These unaudited branches account for 9.59 per cent of advances, 20.71 per cent of deposits, 6.37 per cent of interest income and 19.12 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 The Banking Regulation Act, 1949. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.

Auditor''s Responsibility

3. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and 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 judgement, 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 Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

6. Without qualifying our opinion, we refer to:-

a) Note No. 3(b) on classification of restructured advances.

b) Note no. 3(c) on classification of agricultural advances in respect of unaudited branches.

c) Note no. 5 regarding provision of Pension and Gratuity.

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:

(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 2013 in conformity 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, 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 S. DAGA & CO. For AGARWAL ANIL & CO. For M.K. AGGARWAL & CO.

Chartered Accountants Chartered Accountants Chartered Accountants

(CA SHANTI LAL DAGA) (CA ANIL AGRAWAL) (CA ATUL AGGARWAL)

(M.No. F-11617) (M. No. 082103) (M. No. 099374)

PARTNER PARTNER PARTNER

Firm Reg. No.000669 S Firm Reg. No. 003222 N Firm Reg. No. 001411 N

For CHATURVEDI & CO. For UBEROI SOOD & KAPOOR For P S D & ASSOCIATES

Chartered Accountants Chartered Accountants Chartered Accountants

(CA SATISH CHANDRA CHATURVEDI) (CA SANJAY SOOD) (CA PRAKASH SHARMA)

(M. No.12705) (M. No.80527) (M. No. 072332)

PARTNER PARTNER PARTNER

Firm Reg. No. 302137 E Firm Reg. No. 001462 N Firm Reg. No. 004501 C

Delhi May 06, 2013


Mar 31, 2011

We, the undersigned auditors of STATE BANK OF BIKANER AND JAIPUR, appointed under section 41 (1) of the State Bank of India (Subsidiary Banks) Act, 1959, do hereby report on the Balance Sheet as at 31st March, 2011, the Profit and Loss Account and the Cash Flow Statement for the year ended on that date.

1. We have audited the attached Balance Sheet of STATE BANK OF BIKANER AND JAIPUR as at 31st March, 2011, the Profit and Loss Account and the Cash Flow Statement of the Bank for the year ended on that date, annexed thereto, and in which are incorporated the returns of 20 branches and 26 offices audited by us, 824 branches audited by branch auditors and unaudited returns in respect of 58 branches. These unaudited branches account for 0.29 per cent of advances, 0.52 per cent of deposits, 0.14 per cent of interest income and 0.28 per cent of interest expenses. The branches audited by us and those audited by other auditors have been selected by the Bank, in accordance with the guidelines issued by the Reserve Bank of India. These Financial Statements are the responsibility of the Banks Management. Our responsibility is to express an opinion based on our audit.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. The Balance Sheet and the Profit & Loss Account have been drawn up in forms A and B respectively of the Third Schedule to the Banking Regulation Act, 1949, and they give the information as required to be given in accordance with the provisions of the State Bank of India (Subsidiary Banks) Act, 1959 and regulations made there under.

4. Subject to the limitations of the audit as indicated in para 1 above and as required by the State Bank of India (Subsidiary Banks) Act, 1959, and regulations mentioned therein and subject also to the limitations of disclosure required therein, we report as under: -

a) We have obtained all the information and explanations, which to the best of our knowledge and belief, were necessary for the purpose 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 generally been found adequate for the purpose of our audit.

5. In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the applicable Accounting Standards.

6. In our opinion and to the best of our information and according to the explanations given to us and as shown by the books of the Bank :-

i) The Balance Sheet read together with the Principal Accounting Policies and Notes thereon, is full and fair Balance Sheet containing all the necessary particulars and is properly drawn up so as to exhibit a true and fair view of the state of affairs of the Bank as at 31st March, 2011 in conformity with the accounting principles generally accepted in India.

ii) The Profit and Loss Account read together with the Principal Accounting Policies and Notes thereon shows a true balance of the profit for the year ended on that date in conformity with the accounting principles generally accepted in India.

iii) The Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date.

7. Emphasis of matter :

Without qualifying our opinion, we draw attention to Note 8 to the financial statements, which describe the deferment of Pension and Gratuity Liability of the Bank to the extent of Rs.. 307.56 crores pursuant to the exemption granted by the Reserve Bank of India to the Public Sector Banks from application of the provisions of Accounting Standards (AS) 15, Employees Benefits vide its circular No.*DBOD BPBC/80/21.04.018/ 2010-11 on reopening of Pension option to Employees of Public Sectors Banks and enhancement in Gratuity Limits- Prudential Legal Treatment.

For WAS & WAS For S.C.J. ASSOCIATES For S. L. CHHAJED & CO.

Chartered Accountants Chartered Accountants Chartered Accountants

FRN : 000590 C FRN : 003131 C FRN : 000709 C

(CA O.P. WAS) (CA S. C. JAIN) (CA ABHAY CHHAJED)

M. No.014081 M.No.070138 M. No.079662

Partner Partner Partner

For L.U. KRISHNAN & CO. For B. KHOSLA & CO. For S. DAGA & CO.

Chartered Accountants Chartered Accountants Chartered Accountants

FRN : 001527 S FRN : 000205 C FRN : 000669 S

(CA P.K.MANOJ) (CA VIJAY K. JAIN) (CA S. L. DAGA)

M. No. 207550 M. No.070758 M. No. F-11617

Partner Partner Partner

Place: Mumbai Date : 28.04.2011


Mar 31, 2010

We, the undersigned auditors of STATE BANK OF BIKANER AND JAIPUR, appointed under section 41 (1) of the State Bank of India (Subsidiary Banks) Act, 1959, do hereby report on the Balance Sheet as at 31st March 2010, the Profit and Loss Account and the Cash Flow Statement for the year ended on that date.

1. We have audited the attached Balance Sheet of STATE BANK OF BIKANER AND JAIPUR as at 31st March, 2010, the Profit and Loss Account and the Cash Flow Statement of the Bank for the year ended on that date, annexed thereto, and in which are incorporated the returns of 20 branches and 25 offices audited by us, 809 branches audited by branch auditors and unaudited returns in respect of 97 branches/offices. These unaudited branches account for 0.21 per cent of advances, 0.71 per cent of deposits, 0.01 per cent of interest income and 0.51 per cent of interest expenses. The branches audited by us and those audited by other auditors have been selected by the Bank, in accordance with the guidelines issued by the Reserve Bank of India. These Financial Statements are the responsibility of the Banks Management. Our responsibility is to express an opinion based on our audit.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. The Balance Sheet and the Profit & Loss Account have been drawn up in forms A and B respectively of the Third Schedule to the Banking Regulation Act, 1949, and they give the information as required to be given in accordance with the provisions of the State Bank of India (Subsidiary Banks) Act, 1959 and regulations made there under.

4. Subject to the limitations of the audit as indicated in para 1 above and as required by the State Bank of India (Subsidiary Banks) Act, 1959, and regulations mentioned therein and subject also to the limitations of disclosure required therein. We report as under:-

a) We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose 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 generally been found adequate for the purpose of our audit.

5. In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the applicable Accounting Standards.

6. In our opinion and to the best of our information and according to the explanations given to us and as shown by the books of the Bank :-

i. The Balance Sheet read together with the Principal Accounting Policies and Notes thereon, is full and fair Balance Sheet containing all the necessary particulars and is properly drawn up so as to exhibit a true and fair view of the state of affairs of the Bank as at 31s1 March, 2010 in conformity with the accounting principles generally accepted in India.

ii. The Profit and Loss Account read together with the Principal Accounting Policies and Notes thereon shows a true balance of the profit for the year ended on that date in conformity with the accounting principles generally accepted in India.

iii. The cash flow statement gives a true and fair view of the cash flows for the year ended on that date.

For WAS & WAS For S.C.J. ASSOCIATES For S.L. CHHAJED & CO.

Chartered Accountants Chartered Accountants Chartered Accountants (O.P. WAS) (DR. S.C. JAIN) (ABHAY CHHAJED)

(M. No.014081) (M. No.72634) (M. No.079662)

PARTNER PARTNER PARTNER

Firm Reg. No. 000590 C Firm Reg. No. 003131 C Firm Reg. No. 000709 C

For L.U. KRISHNAN & CO. For B. KHOSLA & CO.

Chartered Accountants Chartered Accountants

(L.J. KRISHNAN) (VIJAY K. JAIN)

(M. No.11288) (M. No.070758)

PARTNER PARTNER

Firm Reg. No. 001527 S Firm Reg. No. 000205 C

MUMBAI, April 22, 2010

 
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