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, 2012
1. We have audited the attached Balance Sheet of STATE BANK OF BIKANER
AND JAIPUR as at 31st March, 2012, the Proft 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 offces audited by us, 806 branches and 34 Processing
Centres audited by branch auditors and unaudited returns in respect of
124 branches/offces. These unaudited branches account for 0.87 per cent
of advances, 2.27 per cent of deposits, 0.51 per cent of interest
income and 1.93 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 Bank's
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
fnancial statements are free of material misstatement. An audit
includes examining, on a test basis, evidence supporting the amounts
and disclosures in the fnancial statements. An audit also includes
assessing the accounting principles used and signifcant estimates made
by the management, as well as evaluating the overall fnancial statement
presentation. We believe that our audit provides a reasonable basis for
our opinion.
3. The Balance Sheet and the Proft & 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 also subject 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 offces and branches of the Bank have
generally been found adequate for the purpose of our audit.
5. In our opinion, the Balance Sheet, Proft 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, 2012 in conformity with the accounting principles generally
accepted in India.
ii. The Proft and Loss Account read together with the Principal
Accounting Policies and Notes thereon shows a true balance of the proft
for the year ended on that date in conformity with the accounting
principles generally accepted in India.
iii. Their sh fow statement gives a true and fair view of the cash
fows for the year ended on that date.
7. Emphasis of matter :
Without qualifying our opinion, we draw attention to Note No.7 to the
fnancial statements, which describe the deferment of Pension and
Gratuity Liability of the Bank to the extent of Rs 230.67 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 Benefts vide its circular
No.DBOD.BPBC/80/21.04.018/2010-11 on reopening of Pension option to
Employees of Public Sector Banks and enhancement in Gratuity Limits Ã
Prudential Legal Treatment.
For S. DAGA & CO. For S.C.J. ASSOCIATES For B. khOSLA & CO.
Chartered Accountants Chartered Accountants Chartered Accountants
(CA ShANTI LAL DAGA) (CA S.C. JAIN) (CA VIJAY k. JAIN)
(M.No. F-11617) (M. No.070138) (M. No.070758)
PARTNER PARTNER PARTNER
Firm Reg. No.000669 S Firm Reg. No. 003131 C Firm Reg. No. 000205 C
For S.L. ChhAJED & CO. For L.U. kRIShNAN & CO. For AGARwAL ANIL & CO.
Chartered Accounta Chartered Accountants Chartered Accountants
(CA ABhAY ChhAJED) (CA p.k. MANOJ) (CA ANIL AGRAwAL)
(M. No.079662) (M. No.207550) (M. No. 082103)
PARTNER PARTNER PARTNER
Firm Reg. No.
000709 C Firm Reg. No. 001527 S Firm Reg.No.003222 N
MUMBAI,
April 20, 2012
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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