the goa state co-operative bank ltd

THE GOA STATE CO-OP. BANK LTD.57th ANNUAL REPORT 2019-20

v v1

THE GOA STATE CO-OPERATIVE BANK LTD.

(Scheduled Bank)

Know Your Bank Registered Head Office :

Registration No. & Date: BNK(a)-1/Goa

07th November 1963

“SAHAKAR SANKUL"

Patto Plaza, EDC Complex,

Panaji Goa - 403001

Ph:0832-2437641Date of Commencement

of Business2nd February, 1964

Website:www.gscbgoa.com

E-mail: [email protected] Licence No. & Date : PRCD.BOM.51-S.

dated 27th July, 1994

Apex Bank Status :- Govt. of Goa No. & Date: 26/1/98/TS-RCS dated 27th March, 2000

Restoration of Registration under State Statute 16th August, 2017, BNK(a)-1/Goa

BRANCHES in GOA 55

PAN AAAAT3364R

TAN BLRT01310B

Service Tax Registration No.: AAAAT3364RST001

Bank Code: 0007025

DICGC Code: 3030 / 7025

GSTN: 30AAAAT3364R1Z8

Chairman: Shri Ulhas B. Phal Dessai

Election Date: 09th September, 2019

Managing Director (I/C): Shri Anant M. Chodankar

Appointment Date: 01st December, 2017

Statutory Auditors: Nandan Sirsat & Associates,

Chartered Accountants

Regional Office – Daman (5 Branc hes) Regional Office – Diu (4 Branc hes)

Scheduled Bank Status : 15th December, 1994

Govt. of U.T. of Daman & Diu Registration RCS/GB/178/Vol.II/03-04/146

No. & Date dated 06.08.2004

14/54, Dilip Nagar,

Nani Daman – 396210

Phone : 0260-2255984

Fax : 0260-2255984

55(9-10), 1st Floor, Gandhi Bhuvan,

Bunder Chowk, Diu 362520

Phone : 02875-254972

Fax : 02875-252172


2v v

Notice is hereby given that the 57th Annual General Meeting of the Members of The Goa State Co-op. BankLtd., will be held on Sunday, the 27th December 2020 at 10.00 a.m. in the Meeting Hall at “Sahakar Sankul”,6th Floor, Head Office, Patto Plaza, Panaji-Goa to transact the following items of business.

A G E N D A

1. To read and confirm the proceedings of the Annual General Meeting held on 09.02.2020.

2. To consider the Annual Report of the Bank presented by the Board of Directors alongwith AuditedStatement of Accounts for the financial year 2019-20.

3. To consider the Statutory Audit Report for the financial year 2019-20 and the Bank’s compliance thereof.

4. To approve the excess amount against Budgetary provisions for the financial year 2019-20 and approveAnnual Budget estimates for the financial year 2020-21 & 2021-22.

5. To consider appointment of Statutory Auditors for the financial year 2020-21.

6. To consider the proposal of Mr. Nityanand K. Naik to accept Rs.33,603/- as full & final settlementagainst his outstanding loan dues of Rs.63,549/-; the loan being secured against pledged of Kissan VikasPatra.

7. Any other subject that may be transacted with the permission of the Chair.

All the Members are requested to attend the same.

THE GOA STATE CO-OP. BANK LTD.(Scheduled Bank)

“Sahakar Sankul”, H.O. Patto Plaza, Panaji, Goa

57th ANNUAL GENERAL MEETING

N O T I C E

N.B. :

1 . The quorum for the General Body Meeting shall be 31 Members of which not less than 25 Members shall be representatives of the

Societies. In case there is no quorum till 10.00 a.m., the Meeting shall stand adjourned and the adjourned Meeting shall be held at 10.30

a.m. on the same day and at the same place or it shall be adjourned to a subsequent date not earlier than seven days and at such adjourned

Meeting the business on the agenda of the original Meeting shall be transacted whether there is quorum or not.

2. The printed copies of Annual Report alongwith the Notice is sent to the Member Cooperative Societies and Representatives of “B”

Class Share Holders. However, for Individual Members the printed copies of Annual Report will be available at all Branches of the

Bank. Furthermore, for information of all the Members, a copy of the Annual Report will be displayed on the Notice Board of the Head

Office & all Branches and on the Bank’s website www.gscbgoa.com .

3. If any suggestion is to be made or any clarification in respect of Annual Report, Balance Sheet, Profit & Loss Account and Audit Memo

is required, the same should be sent in writing addressed to the Managing Director (I/c) of the Bank at Head Office, so as to reach latest

by 22nd December 2020 to enable us to furnish the same at the AGM after referring to the Bank's records.

4. The Member Societies intending to send their alternate representative to attend the said Meeting, substitute to those reported earlier, said

representative shall carry a certified copy of the latest Resolution authorizing him/her to attend & vote on behalf of the Society.

5. Only those who are enrolled as Members on or before 31st March 2020 are eligible to attend the Meeting.

6. The Members are requested to bring their copies of the Annual Report at the Meeting in view of the limited number of copies printed by

the Bank.

7. The Member of the Managing Committee of the Society duly authorised by the Resolution will be allowed to attend/speak and vote at

the AGM.

8. Due to COVID-19, Pandemic, SOP guidelines of Central / State Govt. will have to be followed for conducting Annual General Meeting.

Members attending the Meeting should strictly follow SOPs issued thereof.

Panaji, 11th December 2020

By Order of the Board of Directors.

(A.M. CHODANKAR)

MANAGING DIRECTOR (I/C)


v v3

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4v v

Sr.

No

Branch

CodeBranch Branch Manager Mobile No.

BRANCH EXECUTIVES - GOA REGION

1 56 A& RD Mr. Kamlakant Gaude 9284902552

2 24 ADPOI-DURBHAT Mrs Jyoti G Naik 9420766829

3 54 AQUEM Mrs.Rosy Sequeira 9850470745

4 75 ARAMBOL Mr.Rajendra Thali 8999086824

5 76 ASSONORA Mr. Sushan Kanta Parab 9623286646

6 38 BETHORA Mrs. Rajeshree R Naik 9823296551

7 8 BICHOLIM Mr. Rajesh K. Dhond 9923096106

8 55 BORDA Mr. Pratap C. Tari 9822483425

9 59 CALANGUTE Mr. Bhushan Salkar 9422456181

10 14 CANACONA Mr. Premanand B. Pednekar 8007430095

11 47 CANSAULIM Mrs. Flory Rodrigues 7507391536

12 57 CARANZALEM Mr.Prashant Naik 9822063371

13 39 CORTALIM Mrs.Varsha R. S. Zuwarkar 9860088007

14 46 CUNCOLIM Mrs.Sweta Bandodkar 9423886963

15 15 CURCHOREM Mrs.Geeta Sanjay Naik 9823779014

16 26 CURTI Mr. Abhay Janardhan Kerkar 8806237600

17 12 D'NAGAR, Mrs.Swarupa S. Shirodkar 9284328073

18 51 GAWANE Mr. Rakesh Raghuvir Sinari 9423811160

19 32 HEAD-OFFICE Br Mr.Ashok Salgaonkar 8669038125

20 62 HONDA Mr.Raghoba S Parab 9923267191

21 42 I.D.C. Mr. Sanjay S. Sawant 9423319035

22 28 K.T.C. Mrs. Meenal Raut 8329800906

23 33 KERI Mr. Sudam N. Naik 9822686645

24 27 KORGAO Mr.Sharad S. Gad 9422442988

25 13 LOLIEM-POLEM Mr.Dayanand B. Dessai 9158058963

26 44 MANDREM Mr. Nitin Atmaram Parab 9423503409

27 4 MAPUSA MKT. Mr. Arvind Shetgaonkar 9923634895


v v5

Sr.

No

Branch

CodeBranch Branch Manager Mobile No.

28 64 MAPUSA-MAIN Mrs.Varsha Dhaimodkar 9421246213

29 36 MARCEL Mr.Muller Fernandes 9822147995

30 6 MARGAO Mr. Prashant V. Gaonkar 9890283463

31 61 MERCES Mrs. Annie Lobo 7020220723

32 52 MOIRA Mr. Sanjiv P. Lingudkar 9881479889

33 60 MUNDVEL Mrs. Seema N. Chodankar 9545516833

34 43 NAGZAR Mr. Satyawan V. Naik 9834863617

35 37 NEW VADEM Mr.Chetan L. Naik 9226983532

36 11 PALE Mr. Dayanand N Gauns 9422192649

37 3 PANAJI Mr.Satish K Bagve 9422394818

38 71 PARYEM Mr. Shivaji K. Gad 9421154759

39 7 PEDNEM Mr. Anil R. Parab 8830985132

40 34 PIRNA Mr.Prashant Thakkar 8788963492

41 5 PONDA Mr.Vassudev Madkaikar 9511734515

42 40 QUEPEM Mr. Gurudas N Gaonkar 9823455489

43 30 RIVONA Mr.Maruti Patil 9923493625

44 48 SADA Mrs.Sarita Lotlikar 9822183353

45 16 SANGUEM Mrs. Leena Salelkar 8459348758

46 9 SANKHALIM Mrs.Shubhangi Kesarkar 7038565612

47 41 SHIRODA Mrs.Mamta Naik 9823534248

48 73 SERVICE Mr.Giri Naik 9689658881

49 77 SIOLIM Mr. Narayan K. Chodankar 9921338069

50 2 TALEIGAO Mr. Manoj S. Phatarpekar 9422612437

51 35 TISCA USGAO Mr. Sudesh A. Naik 9823522923

52 69 UPPER BAZAR Mrs.Rohini J.B.Prabhu 9890371236

53 10 VALPOI Mr. Pradeep U. Avkhale 9423057766

54 17 VASCO Mr.Tulshidas M. Naik 9552067555

55 53 VEREM Mrs. Lingata A. Vernekar 8329352628


6v v

THE GOA STATE CO-OP. BANK LTD.(Scheduled Bank)

“Sahakar Sankul”, Patto Plaza, Panaji, Goa – 403 001(P.O. Box No. 183)

57th ANNUAL REPORT OF THE BANK FOR THE FINANCIAL YEAR 2019-20

To,

The Share Holders of

The Goa State Coop. Bank Ltd.

Dear Members,

On behalf of the Board of Directors, I extend a warm welcome to all of you for the 57th Annual

General Meeting of your Bank. The Board of Directors take pleasure in presenting 57th Annual

Report on the affairs of your Bank alongwith the audited financial statements, for the year ended

31st March, 2020.

I hope all of you and your families are keeping safe and in good health. We are passing through

unprecedented times of COVID-19 Pandemic, which has impacted every aspect of our lives. Your

Bank continues to be cautious, conservative and committed in business operation to protect and

preserve its values. While taking care of the health and safety of its employees, your Bank is

effectively serving the customers and the community at large. The employees of your Bank have

worked tirelessly over the past few months after outbreak of pandemic during the nation-wide

lockdown. All the Branches of the Bank remained operational and open to serve our customers

except on few occasions when restrictions were imposed by the Local Authorities.

Overcoming the present scenario of COVID-19 Pandemic, the Bank has activated its treasury

operations in full swing and out of trading in Governemnt securities, earned trading profit of ` 16.21

Crore during the Financial Year under review. The overall operating profit of the Bank stood at

` 40.19 Crore (Goa Region) which includes income out of trading operations in Government

Securities.


v v7

OVERALL ECONOMIC SCENARIO & GO AN ECONOMY

Towards the close of the financial year, the novel coronavirus (COVID-19) broke out and rapidly

exploded into a pandemic, darkening global economic prospects and imparting extreme uncertainty

about the outlook. National Statistical Office (NSO) revealed that the growth of India's real Gross

Domestic Product (GDP) had slumped to 4.2% in F/Y 2019-20.

The Reserve Bank continued to play a key role in strengthening the co-operative banking sector by

fortifying the regulatory and supervisory framework. The Reserve Bank of India (RBI) has also

announced several measures to ease the financial system stress, including enhancing system

liquidity, reducing interest rates, moratorium on loan repayments for borrowers, asset classification

standstill benefit to overdue accounts where a moratorium has been granted and relaxation in

liquidity coverage requirement, among others.

Economic crisis amidst Mining ban in the State has further worsened the situation on account of

COVID-19 pandemic. Other important economic activity i.e. tourism has come to standstill during

the pandemic period. To overcome the situation Government is in the process of constituting a

business revival committee that will include experts from various fields to chalk out a plan to revive

the economy in the state.

Banking scenario in the State reveals that the total Bank deposits stood at ̀ 84,715 Crore registering

a marginal growth of ` 11,866.72 Crore, whereas advances increased by ` 1,788.57 Crore to

aggregate ̀ 23,985 Crore as on 31.03.2020. However overall CD ratio continues to be low at 28.31%,

which is well below the benchmark level.

PERFORMANCE OF THE BANK

The restrictions imposed by the RBI on PMC Bank, Yes Bank and two major Urban Co-operative

Banks in Goa has resulted in rumors spreading in the market which has affected the business growth

of the Co-operative Banks to some extent during the financial year under review. However your

Bank is growing consistently in this difficult time's. We are well positioned with a strong Balance

Sheet and healthy liquidity. As a responsible leader in the financial services, we always believed in

providing best-in-class banking products and services accessible to all sections of the society.


8v v

A. Financials

1 Deposits 240825.38 245037.99 (-)4212.61

2 Advances 159239.06 156708.07 2530.99

3 Business Mix 400064.44 401746.06 (-)1681.62

4 Investments 90106.24 93761.41 (-)3655.17

5 Paid up Share Capital 8542.58 8038.33 504.25

6 Reserves & surplus 17424.85 14813.40 2611.45

7 Operating Profit 5416.70 4038.84 1377.86

8 Accumulated Loss (-)1069.24 (-)5510.85 (-)4441.61

9 Gross NPAs 16432.43 13409.38 3023.05

10 Net NPAs 10749.70 8479.92 2269.78

11 % of Gross NPAs 10.32% 8.56% 1.76%

12 % of Net NPAs 6.75% 5.41% 1.34%

B RATIOS

1 Capital to Risk Assets Ratio (CRAR) 7.31% 4.35% 2.96%

2 Operating Ratios

a) Non Interest Income to working funds 1.00% 0.34% 0.66%

b) Total yield to working funds 9.18% 8.29% 0.89%

c) Interest cost to working funds 6.00% 5.30% 0.70%

d) Gross financial Margin 3.18% 2.99% 0.19%

e) Cost of Management to working fund 2.30% 3.12% (-)0.82%

C. Average Cost and Returns

a) Average Cost of Deposits 6.55% 6.41% 0.14%

b) Average Yield on Advances 11.57% 11.01% 0.56%

c) Average Yield on Investment 9.17% 7.78% 1.39%

D Other s

1 Net Interest Margin 4.17% 3.43% 0.74%

2 Return on Average Assets 1.55% 0.07% 1.57%

3 Staff Cost to Total Expenditure 20.22% 32.16% (-)11.94%

Sr. No. Particulars F. Y. 2019-20 F. Y. 2018-19 Inc/Dec.

(` in Lakh)

KEY FINANCIAL HIGHLIGHTS AND RA TIOS :

The following chart reflects the Key Financial indicators of your Bank for the year 2019-20 compared

to previous year.


v v9

SHARE CAPITAL & RESERVES

The paid up share capital & Reserves of the Bank as on March 31, 2020 stood at ` 85.43 Crore and

` 174.25 Crore respectively. The total number of shareholders of the Bank as on March 31, 2020

under “A” class category are 1481, “B” class category is 1 and “C” class category are 43759.

Out of total paid-up share capital, ` 20.00 Crore is subscribed by Govt. of Goa. As compared to

F.Y. 2018-19, the paid up share capital during 2019-20 showed rise of Rs. 5.05 Crore of which major

contribution is from “C” class shareholders. The Board of Directors acknowledges with thanks the

timely support given by Govt. of Goa & the Shareholders who inculcated the trust in the Bank and

supported by way of contributions to the share capital of the Bank. The growth in the share capital

and Reserves of the Bank is as under.

Sr. No. Particular sPosition as on

31.03.2020Position as on

31.03.2019

Government of Goa 20.00 20.00 0

Co-op. Institutions 7.18 7.16 0.02

Individuals 58.25 53.22 5.03

Total 85.43 80.38 5.05

1.

2.

3.

Increase /Decrease

Share Capital : (` in Crore)

Sr. No. Particular sAs on

31.03.2020As on

31.03.2019

Statutory Reserve Fund 5.65 5.65 0

Reserves for unforeseen losses 0.59 0.59 0

Agricultural credit Stabilization Fund 2.30 2.30 0

Others (Excd. O/D Int. Res.) 161.63 135.50 26.13

Total 170.17 144.04 26.13

1.

2.

3.

4.

Increase /Decrease

Reserves & Surplus: (` in Crore)

WORKING CAPITAL :

The working capital of the Bank is ̀ 2705.93 crore as on 31st March 2020 as against ̀ 2709.64 crore

as on 31st March 2019. The total business mix of the Bank is ` 4000.64 crore, as on

31st March 2020 as against ` 4017.46 crore for the previous year.


10v v


31.03.2020As on

31.03.2019

Savings Bank Deposits 826.75 818.36 8.39

Current Deposits 242.03 181.68 60.35

Term Deposits 1339.47 1450.34 (-)110.87

Total 2408.25 2450.38 (-)42.13

1.

2.

3.

Increase /Decrease

b) Ad vances :

We are happy to announce that your Bank CD ratio is 66.12% with the advances of your Bank at

` 1592.39 Crore. The advances of Goa region is ̀ 1325.78 Crore. Your Bank has always focused on

maintaining good and quality advances at all times and balanced its credit portfolio across all

productive sectors.

It is an important role given by the (RBI) to the Banks for providing a specified portion of the Bank

lending to few specific sectors like agriculture and allied activities, micro and small enterprises, poor

people for housing, students for education and other low income groups and weaker sections.

Keeping with the trend of the past, your Bank has continued its efforts of augmenting growth under

Priority Sector Lending. Over the past ten years, your Bank in the capacity of the Apex Financing

Agency continues to finance the agricultural and allied activities to the farmers in the State as well as

other priority sector lending despite of not receiving refinance from NABARD due to non achieving

mandated CRAR of 9%. This is also one of the reason which is affecting the profitability of the Bank.

The Management with support and cooperation from the Government of Goa has been one of the

major lenders in the State to the agricultural sector with finance for Crop loan, Dairy farming, Poly

Houses, Fisheries and other allied activities. The Bank is providing Short term agricultural credit

support through Kissan Credit Cards to the needy farmers in a flexible and hassle-free manner. The

Bank has also promoted 40 Farmers Clubs in Goa.

In the field of Micro finance in the State, your Bank continues to be one of the leading financers to the

Self Help Groups (SHG), Joint Liability Groups(JLG) as well as to very small entrepreneurs through

Swarojgar Credit Cards. The Bank has 3825 affiliated Self Help Groups out of which 312 Groups are

credit linked with outstanding loan of ̀ 624.20 lakh. The Bank has also Financed 52 JLG's out of 657

affiliated Joint Liability Groups and the amount outstanding thereto is `13.11 lakh.

a) Deposits :

The total deposits of the Bank as on 31st March 2020 stood at ̀ 2408 .25 Crore. The deposits in Goa

region are ` 1863.00 Crore. Market share of all the Co-operative Banks in Goa stood at 6.75%,

whereas, your Bank's market share to total deposits is 2.20 %. The CASA deposits as at 31st March

2020 stood at `1068.78 crore and accounted for 44.38 % of the total deposits of your Bank. The

deposits portfolio of the Bank constitutes the following:

( ` in Crore)


v v11

The loans and ad vances por tfolio outstanding as on 31st Mar ch 2020 under v ariouscategories is as under

Overduesto

Outstanding%

AmountOverdue

AmountOutstanding

AmountDisb ursed

Type of Loans

ST Agriculture/Allied 1726.98 2472.57 523.74 21.18%

MT Agriculture/Allied 2082.35 6138.72 525.98 8.57%

LT Agriculture/Allied 13.34 860.68 1.85 0.21%

ST Non Agriculture 1267.50 1400.09 1217.62 86.97%

MT Non Agriculture 6541.73 39860.29 4860.11 12.19%

LT Non Agriculture 26804.16 92933.52 1183.29 1.27%

CCC/Pledge/HCC Etc 4860.93 7956.61 3145.78 39.54%

3649.31 1705.73 0.00 0.00%

Gold 1144.47 1135.62 60.46 5.32%

URBAN LOANS

Medium Term 4712.73 4401.58 533.12 12.11%

TOTAL 52803.50 158865.41 12051.95 7.59%

373.65 373.65

GRAND TOTAL 52803.50 159239.06 12425.60 7.80%

* Amount overdue under

liquidation societies.

Loan Against Term Dep./NSC/

Pigmy/IBP

Openingbalance as on

01.04.2019

Recoveriesduring the

year

Outstandingas on

31.03.2020

PACS/V.K.S.S.Stys 658.95 458.18 197.50 666.90 647.73

SES Societies 8463.10 1146.00 818.27 3712.69 6714.68

Consumers Stys 1054.74 4830.18 36040.77 40649.24 1276.45

SSSKarkhana 3083.20 416.63 663.86 1581.98 2581.71

SHG C.C. Sty 707.36 314.92 73.14 471.22 624.20

TOTAL 13967.35 7165.91 37793.54 47082.03 11844.77

Disb ursedduring the

yearOther sParticular s

( ` in Lakh)

( ` in Lakh)

Loans disb ursed to v arious types of Societies during financial y ear 2019-20 is as under


12v v

Sr. No. Particular s No.Amount

Outstanding

A Cases under SARFAESI Act 201 81.35

i) Under litigation (of A) in DRT 6 15.36

B Execution Cases pending before District Court 230 7.31

C ABN Cases pending before Arbitration 242 15.95

Total (A+B+C) 673 104.61

c) Assets Quality:

Gross NPAs of the Bank as on 31-03-2020 stood at ` 133.29 Crore which constitutes 10.05 % to

total advances. Similarly Net NPAs stood at ` 83.75 Crore which is 6.32% of total advances. The

stress has been given on recovery to reduce the level of NPAs.

The Bank has successfully implemented the OTS scheme during current year for the borrowers and

the Board expects sizeable recovery during the F/Y 2020-21.

The brief statement of various legal actions initiated by the Bank to improve recovery position and

reduction of NPAs thereof is as under : -

Out of 719 loan cases falling under the Debt Relief Scheme for mining affected borrowers, 703

applications were submitted for claiming subsidy from Government of Goa. Of these 697 cases have

been processed by EDC of which 661 accounts stand closed. We are yet to receive subsidy for

balance 33 cases.

TREASURY OPERATIONS:

Your Bank's Treasury Department, besides undertaking the Statutory role of maintenance of CRR/

SLR for the Bank, also undertakes Treasury operations. Your Bank's Treasury operations consist of

SLR investments, Fixed Deposits with Banks and Call Money Placements. During the period ended

31st March, 2020, the Investment portfolio of your Bank stood at ` 901.06 Crore.

Besides yield on Investment, your Bank posted profit of ` 16.21 Crore in trading operations in

Government securities. This figure for previous year was ` 1.86 Crore.

Your Bank takes investments decisions considering the market scenario and with a view to optimize

the overall earnings on the investment. Your Bank has in place an Investment Policy which is

framed in accordance with the guidelines issued by RBI. The Treasury Department of your Bank

functions within the framework of investment policy of the Bank. The Investment Committee meets

more often to review investment decisions.

The investment portfolio of the Bank as on 31st March 2020 comprises of the following:

( ` in Crore)


31.03.2020As on

31.03.2019

Government Securities 551.55 608.36 (-)56.81

Investment in Shares 0.05 0.05 0.00

Call Deposits 72.07 58.18 13.89

Term Deposits with other Banks 277.39 271.01 6.38

Total 901.06 937.60 (-)36.54

1.

2.

3.

4.

Increase /Decrease

(` in Crore)Investments


v v13

PROFITABILITY :

We are happy to announce that your Bank's Goa Region achieved operating profit of ` 40.19 crore

during the financial year which were adjusted to past accumulated losses of ̀ 50.15 crore. Thus the

balance of loss carried forward during the year under review is ` 9.96 crore.

In view of the position as explained above the Board regrets its inability to declare any dividend

during the period under review.

We may add that during the current year 2020-21, the accumulated losses of ` 9.96 crore have

been completely wiped off and Bank has made operating profit of ` 10.57 crore upto

30th September, 2020 even in the pandemic of COVID-19.

C R A R :

The CRAR of the Bank has improved to 7.31% from 4.35% for the previous year. The Bank is taking

all possible steps to improve the CRAR to desired level as per Regulatory norms i.e. 9%. There has

been much improvement in the CRAR as compared to the previous years.

We may mention that the CRAR of Goa Region as on 30th September, 2020 stood at 9.71%.

HUMAN RESOURCES :

The success of any organization depends upon its Human Resources. The Bank has total strength

of 525 employees. The productivity per staff is ` 762.03 lakh as on 31st March 2020. The Bank has

independent HR Department. The Bank undertakes training to its staff members and during the

year under review training was given in various cadres to improve the service and efficiency of our

staff members.

Bank undertakes regular workshops for the Societies, self helf groups. Under NABARD sponsored

programme, the Financial Literacy Cell of the Bank has conducted 115 camps for educating

customers in various aspects of Banking at different locations in Goa, which is highest number of

camps conducted by any Bank in Goa during the year.

PAYMENT OF PREMIUM TO DICGCI :

The Bank is regular in payment of premium to the DICGCI. The premium so paid during the year is

` 3.03 crore including GST.

We may mention that the deposits upto ` 5.00 lakhs are fully insured by DICGCI.

PROGRESS ON BIFURCATION PROCESS :

Your Bank is actively pursuing the matter of bifurcation with Administrator, Daman & Diu State

Co-operative Bank Ltd. and the Regulators.

In the Task force committee Meeting recently held, plan of action was drawn to speed up the

bifurcation.

The Daman & Diu State Co-operative Bank Ltd. has applied for IFSC, MICR codes through

YES Bank and is awaiting for RBI permission for issue of required codes for them. No sooner those

codes are received the Bank will transfer the amount payable to the Daman & Diu State

Co-operative Bank Ltd. and will complete the bifurcation process.


14v v

OBITUARY :

The Board of Directors express their profound sorrow to the departed souls of shareholders,

Ex-Directors, Co-operators, Staff and the other members who passed away during the year and

pray for their eternal peace.

IMPORTANT FACILITY PROVIDED TO THE CUSTOMERS & BANK'S FUTURE PLANS :

Implementation of Door Step Banking facilities for Senior Citizens through MOBILE ATM BANKING

CASH COUNTER VAN. One such mobile van is operational in South Goa District and the Bank is

planning to deploy another mobile van with ATM and Banking Cash Counter facility to serve the

customers in North Goa District under the financial assistance from NABARD.

Strengthening the IT Department

The Bank is in the process of recruitment of three IT officers to strengthen the MIS section and also

to adopt in the Bank, the technological changes happening in the IT sector from time to time.

To bring all the PACS on the IT platform of the Bank by undertaking computerization of PACS with

the support of NABARD and Registrar of Co-op. Societies.

To set up a DR site.

To undertake renovation of branches in a phased manner. Also shifting of Margao and Bethora

Branch in new premises.

To avail refinance from NABARD under Atmanirbhar fund.

ACKNOWLEDGEMENT :

The Board acknowledges with gratitude the valuable and timely advise, guidance and support

received from Reserve Bank of India, NABARD, Registrar of Co-op. Societies – Govt. of Goa,

Department of Agriculture, Department of Animal Husbandry & Veterinary Services, Government of

Goa and all other concerned Departments of Government of Goa, NAFSCOB, NCUI, etc.

The Board is also thankful to M/s. Nandan Sirsat & Associates, Statutory Auditors for their guidance

and timely completion of Audit.

The Bank offers its special thanks to NABARD for their support in launching of Bank's first Mobile

ATM Van for South Goa, special grant assistance for conducting Financial Literacy Camps and

sanction of ̀ . 20.00 crore under ST(OSAO) being refinance support to our Bank for Financing Short

Term other Loans during the year 2020-21.

The Board would like to take this opportunity to express sincere thanks to its valued clients and

customers for their continued patronage. The Directors express their deep sense of appreciation to

all the employees, whose outstanding professionalism, commitment and initiative have made the

organization's growth and success possible and continue to drive its progress. Finally, the Directors

wish to express their gratitude to the Members for their trust and support.

For the Boar d of Director s Sd/-

(ULHAS B. PHAL DESSAI)CHAIRMAN


v v15


16v v


v v17


18v v


v v19


20v v


v v21


22v v


v v23


24v v

THE GOA STATE CO-(SCHEDULED

PROFIT & LOSS ACCOUNT FOR

CORRESPONDINGFIGURES OF THEPREVIOUS YEAR

31/03/2019

AMOUNTEXPENDITURE AMOUNT

Sd/-

B. B. Fernandes

GENERAL MANAGER (ACTS)

Sd/-

A. M. Chodankar

MANAGING DIRECTOR(I/C)

Sd/-

P. N. Kurtikar

VICE- CHAIRMAN

1,51,74,62,418 I. Interest Paid on1,51,73,67,938 Deposits 1,70,59,04,301

94,480 Borrowings 1,81,184 1,70,60,85,485

76,30,91,707 II. Salaries & Allowances35,61,79,221 Salaries(Staff) (sch 1) 36,57,52,935

1,57,96,895 Retiremental Benefits 2,67,00,00017,92,366 PF Adm.charges on wages 17,75,14814,96,524 EDLI(Empl’s Deposit Linked Ins. Scheme) 16,39,399

34,75,83,717 Employees Group Gratuity 3,34,94,0904,02,42,984 Employees PF 4,26,19,249 47,19,80,821

1,71,300 III Directors Sitting Fees 2,90,400

1,59,000 IV T.A./D.A. of Management 4,19,860

1,37,16,742 V Rent, Taxes, Insurance & Electricity60,04,066 Rent 54,88,062

2,76,041 Taxes 3,38,07726,56,055 Insurance 22,66,29847,80,580 Electricity 45,31,103 1,26,23,540

2,44,10,618 VI Premium paid to D.I.C.G.C. 2,57,10,826

71,77,010 VII AMC on:23,43,314 Hardware 27,64,04726,60,096 Software 19,45,59021,73,600 Others (Sch 2) 21,30,812 68,40,449

VIII Amortisation of Premium3,92,222 on HTM Securities 4,99,839

1,86,14,288 IX Depreciation52,29,600 Building 40,48,28759,77,251 Furnitures, Fixtures & Vehicles 36,63,60274,07,437 Computers 65,42,253 1,42,54,142

3,97,85,237 X Establishment Expenses6,97,928 Legal Charges & Expenses 6,76,6105,76,756 Subscription & Periodicals 5,82,8983,34,812 Advertisement & Publicity(sch 3) 3,03,125

37,47,797 Consultancy Charges 36,64,9131,30,65,496 ATM Expenses 61,92,731

14,06,254 Serv.Ch. On Consortium Adv. 4,87,67870,76,012 General Charges(Sch 4) 76,83,76545,27,599 Postage, Teleph. & Lease Line Ch. 30,37,65121,42,366 Stationery 18,79,78819,06,210 Repairs to Property(Sch 5) 11,54,86438,14,007 GST input unutilised 56,47,490

Auditor’s Remuneration4,00,000 - As auditor 4,60,230

90,000 - Tax matters 0 3,17,71,743

4,31,11,168 XI Provisions :69,95,214 Standard Assets 42,69,567

3,61,15,954 Bad & Doubtful Debts 8,60,66,7230 Provision for Tax

2018-19 1,05,00,0002019-20 5,50,00,000 15,58,36,290

XII Extra Ordinary Items2,63,91,312 VRS Compensation 0

1,83,23,131 XIII Balance of Profit 44,41,61,461

2,47,28,06,153 2,87,04,74,857

SUBJECT TO THE NOTES ATTACHED HERE TO AND FORMING PART OF THE BALANCE SHEET”


v v25

OPERATIVE BANK LTD.BANK)

THE YEAR ENDED 31.03.2020


31/03/2019

AMOUNTINCOME AMOUNT

Sd/-

U. B. Phal Dessai

CHAIRMAN

Sd/-

CA : N M SIRSAT

(Proprietor)

M.N.158694

As per our report of even date attachedFor Nandan Sirsat and Associaties

Chartered AccountantsPlace : Mapusa-GoaDate : 10-12-2020

1,90,45,05,313 I. Interest Received On

1,69,75,82,294 Loans & Advances 1,82,02,11,529

Deposits with other

20,69,23,019 Financial Institutions 33,14,60,846

47,20,61,193 Investments 45,71,36,503 2,60,88,08,878

39,02,326 II. Commission & Exchange 21,66,793

38,48,888 III Rent Received 36,80,000

5,28,24,077 IV Service Charges & Processing Fees 4,87,77,079

94,54,542 V Other Receipts (Sch 6) 1,11,68,101

2,62,09,814 VI. Profit on

75,70,000 a) Redemption of Govt. Securities 1,38,95,679

1,86,39,814 b) Sale of Govt. Securities 16,21,36,752 17,60,32,431

0 VII. Excess Provisions Reversal

0 Bad & Doubtful Debts 1,79,98,533

0 Standard Assets 18,43,041 1,98,41,574

2,47,28,06,153 2,87,04,74,857

(Amt. in INR)


26v v


BALALNCE SHEET

CAPITAL & LIABILITIES

1. CAPITAL1,25,00,00,000 I. AUTHORISED CAPITAL 1,25,00,00,000

1) ` 25,00,00,000/— ` 2,50,000 ‘A’ Classshares (2.5 lakhs shares of ` 1000/- each)

2) ` 50,00,00,000/— ` 1,00,000 ‘B’ Classshares (1.00 lakhs shares of ` 5000/- each)

3) ` 50,00,00,000/— ` 5,00,000 ‘C’ Classshares (5 lakhs shares of ` 1000/- each)

80,38,32,600 II. ISSUED, SUBSCRIBED & PAID UP7,15,70,700 a. A” class shares held by Cooperative

Institutions of ` 100/- / ` 1000/- each 7,17,98,90020,00,00,000 b. “B”class shares held by Government

of Goa of ` 1000/- / ` 5000/- each. 20,00,00,00053,22,61,900 c. “C”class shares held by Individuals

of ` 100/- / ` 1000/- each 58,24,58,700 85,42,57,600

16,92,340 2. SHARE APPLICATION MONEY 1,06,86,340

1,44,04,17,770 3. RESERVE FUND AND PROVISIONS5,65,40,241 Statutory Reserve fund 5,65,40,2413,05,06,769 Building Fund 3,05,06,769

83,34,557 Dividend Equilisation Fund 83,34,55759,39,849 Reserves for unforseen losses 59,39,849

2,29,79,849 Agriculture credit stabilsation Fund 2,29,79,8491,11,61,000 Shares Capital Redemption fund. 1,11,61,000

1,93,894 Education Fund & Fees 1,93,8941,56,228 Development Fund VKS Sty. 1,56,228

47,57,74,208 Revaluation Reserve 65,73,71,70028,33,59,275 Reserve for Loss Assets(IIBI) 28,33,59,2751,07,19,292 General Reserve (Sch 1) 1,19,50,4525,66,72,486 Contigent Prov. Against STD Assets 5,90,99,014

45,20,24,558 Provision for Bad & Doubtful Debts (Sch 2) 52,00,92,7462,24,91,630 Prov. For Fraudulant Cases 2,24,91,630

1,80,585 Prov.for Inter Bank Reconciliation 1,80,58533,83,349 Capital Reserve 1,13,33,349 1,70,16,91,139

4. DEPOSITS & OTHER ACCOUNTS14,37,48,36,634 A. FIXED DEPOSITS8,10,27,40,466 I. SOCIETIES: (Sch 3) 7,21,06,02,363

24,03,91,788 II. LOCAL BODIES: (sch 4) 25,17,99,7466,03,17,04,380 III. INDIVIDUALS: (Sch 5) 5,80,72,64,918 13,26,96,67,027

10,06,70,556 B. MONTHLY RECURRING DEPOSITS (Sch 6) 10,27,66,291

2,76,45,561 C. PIGMY DEPOSITS 2,19,86,958

1,28,33,00,185 D. OTHER DEPOSITS2,74,560 SECURITY DEPOSITS 2,91,998

1,28,30,25,625 MATURED DEPOSITS 1,89,81,02,135 1,89,83,94,134

8,18,36,14,090 E. SAVING BANK DEPOSITS:1,39,05,50,860 Societies 1,56,83,75,293

57,87,90,795 Local Bodies. 56,19,66,1566,21,41,29,578 Individuals 6,13,72,02,463

1,42,857 N.R.I./N.R.E. 0 8,26,75,43,912

Corresponding Figures ofthe Previous Year

31/03/2019AMOUNT AMOUNT


v v27


AS ON 31.03.2020

PROPERTIES & ASSETS

1,08,61,44,541 1. CASH.1,01,51,80,278 With Reserve Bank of India 1,00,43,80,278

6,20,01,163 In hand 7,91,47,94689,63,100 In ATMs 82,32,000 1,09,17,60,224

58,90,00,669 2. BALANCES WITH OTHER BANKS1,25,30,170 Current A/c with SBI & other Nationalised Banks 1,85,02,312

57,64,69,961 Current A/c with other Banks. 58,51,04,314538 Current A/c with Coop.Banks. 0 60,36,06,625

2,71,01,71,000 3. TERM DEPOSITS WITH BANKS 2,77,39,51,000

58,18,00,000 4. MONEY AT CALL 72,06,70,595

6,08,41,70,293 5. INVESTMENTSa In Central & State Govt. Securities

4,49,30,20,079 1. Central Govt. Securities 2,81,93,86,801Face Value ` 2,88,30,50,000Book Value ` 2,81,93,86,801

1,59,06,48,114 2. State Govt. Securities 2,69,61,13,084Face Value ` 2,68,39,00,000Book Value ` 2,69,61,13,084

5,02,100 b. Shares of Coop. Institution. 5,02,100 5,51,60,01,985

15,67,08,07,296 6. ADVANCES

1,96,66,60,279 I. SHORT TERM LOANS 1,46,70,61,873Of the total Short Term advances:Cash Credit LimitsSocieties: ` 32,77,73,563Others: ` 80,57,38,365Term LoanOthers: ` 33,35,49,946

(Of the total Short Term advances ` 33,65,118pertain to Societies under liquidation)

5,36,73,81,615 II. MEDIUM TERM LOANS 5,07,74,24,125Of the total Medium Term advances:Amt due from Soc- ` 73,25,44,081Others- ` 4,34,48,80,044(Of the total Medium Term advances` 3,39,85,479 pertain to Societiesunder Liquidation)

8,33,67,65,402 III. LONG TERM LOANS 9,37,94,20,380 15,92,39,06,378Of the total Long Term advances:Amount due from Soc.- ` 3,60,93,611Others - ` 9,34,33,26,769

35,96,06,849 7. INTEREST RECEIVABLE ON19,07,94,274 Loans & Advances 15,30,45,43210,05,30,414 Investments 21,69,64,2376,82,82,161 Bank Deposits 4,20,22,951 41,20,32,620

56,35,59,171 8. FIXED ASSETS LESS DEPRECIATION29,75,000 Land 29,75,000

4,37,49,893 Premises 3,94,06,40347,57,74,208 Premises A/c(Revaluation) 65,73,71,7004,10,60,070 Others (Sch 11) 4,48,59,951 74,46,13,054



(Amt. in INR)


28v v


BALALNCE SHEET



31/03/2019

53,37,32,126 F. CURRENT DEPOSITS:19,68,65,328 Societies 24,13,76,388

(out of which from urban Coop. Banks -` Rs.17843456.26)

68,43,676 Local Bodies. 1,42,40,69232,93,33,362 Individuals 26,64,09,081

6,89,760 Pigmy Deposit Collection a/c. 1,46,110 52,21,72,271

1,17,36,74,252 5. INTEREST PAYABLE 1,29,30,92,788

5,96,83,059 6. CLEARING ADJUSTMENTS (Sch 7) 61,747,575

61,18,38,021 7. OTHER LIABILITIES3,17,89,262 Sundry Creditors (Sch 8) 3,64,62,8491,92,84,713 Draft & Payorder payable 2,56,75,385

7,37,500 Audit fees payable 4,02,0003,82,500 Consultancy fees Payable 4,72,500

9,215 Branch Adj. for Net debit balance 9,21582,48,889 TDS Payable (Sch 9) 55,58,965

35,157 EGSLIS scheme 36,0829,74,977 ABN/Recovery Exe. Fees Payable 9,73,727

16,73,52,710 Subsidy Reserve Fund. 18,49,74,0240 Collection of Electricity/Water Bills 38,590

15,55,200 Loss on Non Banking Assets 15,55,2005,46,999 NFS issuer/Aquirer (Net) 6,10,643

0 PMJJBY Collection Account 40,60859,207 Rent Payable 64,802

94,17,347 NFS Issuer A/c 48,23,1729,90,556 Security Deposit (contractors) 10,26,655

35,91,69,156 Dues payable to staff (Sch 10) 4,16,31,85873,15,377 Earnest Money(EMD) 69,29,47229,96,363 Branch ATM GL AC 8,11,463

100 Sim SE Pay 1000 Draft paid witthout advice 46,164

9,72,793 GST Payable 14,19,1710 Deaf collection Account 23,36,1660 Provision for Tax 6,55,00,000 38,13,98,810

4,09,21,890 8. OVERDUE INTEREST RESERVE 4,07,93,616

2,04,48,906 9. BRANCH ADJUSTMENT(Net) 0

8,83,732 10. BILLS FOR COLLECTION 5,02,966(Being Bills Receivable as per contra)

3,79,70,851 11. ACCEPTANCES, ENDORSEMENT 2,88,84,740& OTHER OBLIGATIONS ONBEHALF OF CUSTOMERS AS PER CONTRA

28,69,51,62,573 TOTAL RUPEES 28,45,55,86,165

AMOUNT AMOUNT

Sd/-

B. B. Fernandes


Sd/-

A. M. Chodankar


Sd/-

P. N. Kurtikar

VICE- CHAIRMAN



v v29


AS ON 31.03.2020

PROPERTIES & ASSETS



15,10,55,473 9. OTHER ASSETS:4,57,44,412 Sundry Debtors 3,92,58,680

5,71,027 Comm. & Exchange Rec. 5,72,30967,832 Library Books 73,002

28,43,328 Stock of Stationery 27,32,9403,30,937 Telephone connection deposits 3,30,937

48,29,351 Festival & Special Advance 41,29,23914,32,329 Security deposit a/c. 14,50,4741,19,824 Subsidy due. 1,19,824

7,724 Cersai registration fee(Equi Mort) 2,45045,713 Security Transaction Tax 45,713

50,91,840 Rent & Water Charges receivable 14,44,32030,569 Electricity & Water Connection Deposits 48,929

1,51,46,986 Receivable Agaist Fraud Cases 1,51,46,9862,51,44,423 NFS Settlement A/c 4,53,64,893

90,51,514 DEAF Claim A/c 30,18,31258,84,119 NFS Aquirer A/c 1,20,36,581

6,974 KCC Int. Waiver Receivable 66813,031 Water Charges Receivable 0

1,64,648 PAN card coupon amt. receivable 1,63,4602,27,44,534 Tax Deducted at Source 2,45,99,309

1,15,474 Graha Adhar Settlement 1,15,4741,05,00,000 Advance Tax 6,55,00,000

11,51,936 GST cr availble 8,73,4394,930 NFS Service Tax Ac 6,54,831

12,018 NFS Issuer Charge Back Ac 36,4040 Advance to the Owner of the Premises 1,00,000 21,78,19,173

1,46,92,762 10. CLEARING ADJUSTMENTS (SCh 12) 90,33,375

1,08,55,529 11. NON BANKING ASSETS 82,55,529Acquired in satisfaction of Banks claim

28,33,59,275 12. LOSS ASSETS(IIBI Bonds) 28,33,59,2758,83,732 13. BILLS RECEIVABLE 5,02,966

(Being bills for collection as per contra)

14. BRANCH ADJUSTMENT(Net) 1,42,64,956

3,79,70,851 15. ACCEPTANCE ENDORSEMENT 2,88,84,740& OTHER OBLIGATIONS ONBEHALF OF CUSTOMERS AS PER CONTRA

55,10,85,132 16. PROFIT & LOSS A/CAs per Last Balance Sheet. 55,10,85,132Less: Profit for the year ended 31.03.2020 44,41,61,461 10,69,23,671

28,69,51,62,573 TOTAL RUPEES 28,45,55,86,165

Sd/-

U. B. Phal Dessai

CHAIRMAN

Sd/-

CA : N M SIRSAT

(Proprietor)

M.N.158694



(Amt. in INR)


30v v


SCHEDULE 1 SALARY1,14,280 Staff Training & Development 52,305

9,034 Staff L.F.C. Bills 91,97830,000 Hospitalisation 30,000

4,54,013 Travelling & Conveyance 3,75,4831,690 TADA to staff 0

39,39,87,735.00 Staff salary 36,45,37,9725,54,180 Bonus /Exgratia Paid 6,18,400

9,459 Gratuity 032,944 Promotion & recruitment 0

0 Leave Encashment 46,79712,28,870 Ex-gratia 36,57,52,935

SCHEDULE 221,73,600 AMC ON OTHERS

6,76,604 H.O.complex maint 6,36,58214,96,996 Security Services 14,94,230 21,30,812

SCHEDULE 33,34,812 ADVERTISEMENT & PUBLICITY2,62,812 Advertisement 2,63,125

42,000 Sponsorship 10,00030,000 Donations & Contributions 30,000 3,03,125

SCHEDULE 470,76,012 GENERAL CHARGES

0 Staff Training & Development 14,5200 Election Expenditure 34,151

8,70,455 Stationery & Printing / Courier charges 7,28,0668,74,569 Comm. Paid to Pigmy Collectors 7,74,1887,96,500 Vehicle Maintenance 6,74,588

20,000 Clearing House Charges 5,00014,77,005 Taxi Charges on Cash remitt. 15,84,590

8,64,689 Bank Charges 9,69,85754,500 Stock Audit Charges 1,03,431

2,63,232 Computer Consumables 1,72,16235,315 Mandatory Advt/Expenses 4,020

2,82,815 Water Charges 289,2100 Regional Office Expenditure 10,221

8,894 Misc. Debit bal written off 013,726 Expenses on work shops 063,300 Shifting charges 0

Other expenses89,683 Customer Refreshment 83,161

7,18,210 SweepingCharges 8,13,0006,43,119 Other Charges 14,23,600 76,83,765

SCHEDULE 50 Repairs to Property 11,54,864

19,06,210 Loss on sale of dead stock 0 11,54,864SCHEDULE 6

94,54,543 OTHER RECEIPTS0 Enrollment Fees 8,000

2,73,850 Equitable Mortg. Fee 1,89,39016,60,894 Int. Subvention Received 27,43,399

Misc. Receipts22,53,621 Other Receipts 29,04,739

3,00,904 SARFAESI Charges 76,18026,083 Recovery Charges 858

3,18,874 NFS interchange ATM 7,83,87755,730 Profit on sale of Dead Stock 7,917

5,12,244 Input Service Tax Cr. Utilised 3,60,37040,52,343 Safe Deposit Locker Rent 40,93,370 1,11,68,101

Previous Year

31.03.2019

Current Year31.03.2020


Schedules of Profit & Loss Account 31-March-2020(SCHEDULED BANK)

PARTICULARS

(Amt. in INR)


v v31


PARTICULARS

SCHEDULE 11,07,19,292 GENERAL RESERVE

Opening balance 1,07,19,292Add:Addition during the YearBalance of Entrance Fees 16,280Balance of Nominal Membership Fees 12,14,880 1,19,50,452

SCHEDULE 2PROVISION FOR BAD & DOUBTFUL DEBTS

45,20,24,558 Opening balance 45,20,24,558Add :Additon during year 8,60,66,723Less: Reversal during year 1,79,98,535Balance as on date 52,00,92,746

FIXED DEPOSITSCHEDULE 38,10,27,40,466 SOCIETIES:7,02,68,65,720 Re-invest.Deposits 6,17,03,27,347

94,81,39,199 Fixed Deposits 95,52,37,74412,77,35,547 Res.Fund Dep.(Affiliated Sty.) 8,50,37,272 7,21,06,02,363

SCHEDULE 424,03,91,788 LOCAL BODIES:19,70,73,914 Re-investment Deposits 19,39,65,7234,33,17,874 Fixed Deposits. 5,78,34,023 25,17,99,746

SCHEDULE 56,03,17,04,381 INDIVIDUALS:

33,94,632 Lakhpati deposits 25,90,818250 Pension Prov.Deposit 250

5,33,58,45,913 Re-Investment Deposit. 5,24,08,19,0041,780 Marriage Deposits Scheme 1,780

69,24,61,806 Fixed Deposit. 56,38,53,067 5,80,72,64,918SCHEDULE 6

10,06,70,556 MONTHLY RECURRING DEPOSITS43,80,348 Societies 78,99,584

18,000 Local Bodies. 46,2009,62,72,208 Individuals 9,48,20,507 10,27,66,291

SCHEDULE 75,96,83,060 CLEARING ADJUSTMENTS

56,622 Clearing adjustment 89,9671,250 All Goa Clearing 1,250

5,84,53,589 CTS/Non CTS Clearing 6,04,84,76011,71,599 Inter Branch Transaction 11,71,599 6,17,47,575

SCHEDULE 83,17,89,262 SUNDRY CREDITORS1,43,71,221 Sundry Creditors 1,99,23,1731,74,18,041 Unclaimed Amounts 1,65,39,676 3,64,62,849

SCHEDULE 982,48,889 TDS PAYABLE

4,11,500 Employees TDS Payable 21,44,4002,977 TDS on contractors. 4,679

67,72,550 TDS on int. paid on Time Deposits. 31,30,05310,53,103 TDS on proffession. 2,71,824

1,490 TDS on comm. Paid to Pigmy Collector 7497,260 TDS on Rent 7,260

9 Service Tax/Cash Trans. Tax Payable 0 55,58,965SCHEDULE 10

35,91,69,156 DUES PAYABLE TO STAFF5,31,890 Staff LIC premium payable 6,89,417

10,53,549 Dues Payable to Retired Employees 10,18,5591,00,00,000 PL Encashment on Retirement 79,14,775

34,75,83,717 Staff Gratuty Liability 3,20,09,107 4,16,31,858SCHEDULE 11

4,10,60,070 OTHER FIXED ASSETS3,96,47,159 Furniture Fixtures & Computers 4,37,41,301

12,41,876 Vehicle Account 9,81,8241,71,035 H. O. Plant & Machinery 1,36,827 4,48,59,951

SCHEDULE 121,46,92,762 CLEARING ADJUSTMENTS8,68,41,961 CTS/Non CTS Clearing 59,38,200

7,904 MICR Clearing 02,02,105 NACH Dr/Cr. Accounts 30,87,275

1,44,82,754 ECS Mandate Credit 7,900 90,33,3758,68,41,962 Less-CTS & RTGS Balnce of Daman & Diu

Previous Year

31/03/2019

Schedules of Balance Sheet 31-March-2020(SCHEDULED BANK)



(Amt. in INR)


32v v


PROFIT & LOSS ACCOUNT FOR


31/03/2019

AMOUNTEXPENDITURE AMOUNT

Sd/-

B. B. Fernandes


Sd/-

A. M. Chodankar


Sd/-

P. N. Kurtikar

VICE- CHAIRMAN

I. Interest Paid on1,35,91,91,178 Deposits 1,38,87,62,235

II. Salaries & Allowances30,50,79,603 Staff Salaries (sch 1) 31,74,72,818

1,57,96,895 Retiremental Benefits 2,67,00,00015,77,650 PF Adm.charges on wages 15,40,025

EDLI (Empl’s deposit linked ins. Shceme 13,70,74831,51,30,241 Employees group gratuity 3,19,94,090

3,50,89,691 Employees PF 3,70,32,127 41,61,09,808

1,20,800 III Directors Sitting Fees 2,62,400

27,749 IV T.A./D.A. of Management 1,34,179

V Rent, Taxes, Insurance & Electricity53,51,598 Rent 48,08,119

2,76,041 Taxes 2,96,72922,66,656 Insurance 18,84,86442,98,625 Electricity 38,95,186 1,08,84,898

2,10,76,450 VI Premium paid to D.I.C.G.C. 1,55,53,863

VII AMC on:22,45,849 Hardware 27,14,33924,55,804 Software 17,19,70013,61,293 Others (Sch 2) 11,97,470 56,31,509

VIII Amortisation of Premium3,64,292 on HTM Securities 4,32,131

1,59,86,662 IX Depreciation 1,02,03,250

X Establishment Expenses6,97,928 Legal Charges & Expenses 6,76,6105,61,678 Subscription & Periodicals 5,66,2351,91,192 Advertisement & Publicity(sch 3) 2,10,454

19,55,033 Consultancy Charges 16,43,3001,30,65,496 ATM Expenses 55,07,918

14,06,254 Serv.Ch. On Consortium Adv. 4,87,67861,81,405 General Charges(Sch 4) 61,28,92641,17,956 Postage, Teleph. & Lease Line Ch. 25,15,81919,25,996 Stationery 15,71,38616,32,404 Repairs to Property(Sch 5) 11,21,72138,14,007 GST input unutilised 56,47,490

Auditor’s Remuneration4,00,000 - As auditor 4,32,500

90,000 - Tax matters 0 2,65,10,036

XI Provisions :52,25,494 Standard Assets 28,70,655

3,61,18,467 Bad & Doubtful Debts 7,38,58,019 7,67,28,674Provision for Tax2018-19 1,05,00,0002019-20 5,50,00,000 6,55,00,000

XII Extra Ordinary Items2,63,91,312 VRS Compensation 0

0 XIII Balance of Profit 40,18,95,777

2,19,14,71,698 2,41,86,08,760



v v33


THE YEAR ENDED 31.03.2020 GOA REGION


31/03/2019

AMOUNTINCOME AMOUNT

Sd/-

U. B. Phal Dessai

CHAIRMAN

I. Interest Received On

1,44,85,18,192 Loans & Advances 1,42,23,30,420

63,81,08,974 Investments 73,52,73,216 2,15,76,03,636

29,42,002 II. Commission & Exchange 15,69,081

38,48,888 III Rent Received 36,80,000

4,69,72,894 IV Service Charges & Processing Fees 4,35,32,992

77,22,423 V Other Receipts(Sch 6) 93,12,924

VI. Profit on

75,70,000 a) Redemption of Govt. Securities 1,38,95,679

1,86,39,813 b) Sale of Govt. Securities 16,21,36,752 17,60,32,431

VII.Excess provision Reversal

0 Bad & doubtfull debts 1,50,67,197

0 Standard Assets 13,10,499 1,63,77,696

0 VIII..Provision for Tax(18-19) 1,05,00,000

(Transfer to Daman & Diu Region)

1,71,48,512 IX..Balance of Loss 0

2,19,14,71,698 2,41,86,08,760

Sd/-

CA : N M SIRSAT

(Proprietor)

M.N.158694



(Amt. in INR)


34v v


BALALNCE SHEET


1. CAPITAL1,25,00,00,000 I. AUTHORISED CAPITAL 1,25,00,00,000

II. ISSUED, SUBSCRIBED & PAID UP7,14,03,100 a. A” class shares held by Cooperative 7,15,23,300

Institutions of ` 100/- / `1000/- each19,96,00,000 b. “B”class shares held by Government 19,96,00,000

of Goa of ` 1000/- / ` 5000/- each.47,28,75,600 c. “C”class shares held by Individuals 50,76,85,400 77,88,08,700

of ` 100/- / ` 1000/- each

8,30,340 2. SHARE APPLICATION MONEY 72,19,340

3. RESERVE FUND AND PROVISIONS4,36,59,570 Statutory Reserve fund 4,36,59,5702,34,59,706 Building Fund 2,34,59,7067,7,13,633 Dividend Equilisation Fund 77,13,63345,56,458 Reserves for unforseen losses 45,56,458

1,76,27,842 Agriculture credit stabilsation Fund 1,76,27,8421,03,29,506 Shares Capital Redemption fund. 1,03,29,506

1,48,736 Education Fund & Fees 1,48,7361,56,228 Development Fund VKS Sty. 1,56,228

42,88,51,448 Revaluation Reserve 61,04,48,94028,33,59,275 Reserve for Loss Assets(IIBI) 28,33,59,2751,05,84,189 General Reserve (Sch 1) 1,17,15,9574,84,62,450 Contigent Prov. Against STD Assets 5,00,22,608

38,10,42,458 Provision for Bad & Doubtful Debts 43,98,33,2781,50,56,304 Prov. For Food Consortium 1,50,56,304

82,34,887 Prov. For Fraudulant Cases 82,34,8871,80,585 Prov.for Inter Bank Reconciliation 1,80,585

31,31,368 Capital Reserve 1,10,81,368 1,53,75,84,8814. DEPOSITS & OTHER ACCOUNTSA. FIXED DEPOSITS

8,08,78,24,494 I. SOCIETIES: 7,19,29,42,15320,86,01,700 II. LOCAL BODIES: 21,72,46,878

3,78,74,18,391 III. INDIVIDUALS: 3,53,23,95,703 10,94,25,84,7348,72,72,058 B MONTHLY RECURRING DEPOSITS 9,07,81,1932,76,34,356 C. PIGMY DEPOSITS 2,19,75,753

D. OTHER DEPOSITS2,74,560 SECURITY DEPOSITS 2,91,998

72,65,01,291 MATURED DEPOSITS 1,31,62,98,194 1,31,65,90,193

E. SAVING BANK DEPOSITS:1,38,93,86,391 Societies 1,56,61,02,126

49,57,69,830 Local Bodies. 48,64,01,7963,97,20,88,620 Individuals 3,85,97,64,434

1,42,857 N.R.I./N.R.E. 0 5,91,22,68,355

F. CURRENT DEPOSITS:17,96,50,263 Societies 22,21,98,396

(out of which from urban Coop.Banks -68,43,176 Local Bodies. 1,42,40,193

11,23,30,530 Individuals 10,03,32,7926,89,760 Pigmy Deposit Collection a/c. 1,46,110 33,69,17,491




v v35


AS ON 31.03.2020 - GOA REGION

PROPERTIES & ASSETSCorresponding Figures of

the Previous Year31/03/2019

AMOUNT AMOUNT

1. CASH.77,49,59,221 With Reserve Bank of India 76,41,59,2214,59,86,254 In hand 6,47,90,996

48,28,200 In ATMs 63,82,000 83,53,32,217

2. BALANCES WITH OTHER BANKS74,32,579 Current A/c with SBI & other Nationalised Banks 1,08,69,153

44,17,09,412 Current A/c with other Banks. 47,54,28,971538 Current A/c with Coop.Banks. 0 48,62,98,124

2,70,76,71,000 3. TERM DEPOSITS WITH BANKS 2,77,14,51,000

5,00,00,000 4. MONEY AT CALL 0

5. INVESTMENTS:a In Central & State Govt. Securities

Held To Maturity3,67,83,52,697 1. Central Govt. Securities 2,08,61,69,622

Face Value ` 2,13,30,50,000Book Value ` 2,08,61,69,622

1,59,06,48,114 2. State Govt. Securities 2,69,61,13,084Face Value ` 2,68,39,00,000Book Value ` 2,69,61,13,084

5,02,100 b. Shares of Coop. Institution. 5,02,100 4,78,27,84,806

6. ADVANCES1,67,79,68,990 I. SHORT TERM LOANS 1,14,69,16,391

3,96,61,39,134 II. MEDIUM TERM LOANS 3,55,36,30,337

7,64,97,13,859 III. LONG TERM LOANS 8,55,72,20,903 13,25,77,67,631

7. INTEREST RECEIVABLE ON13,31,37,720 Loans & Advances 12,51,64,4847,63,80,863 Investments 14,53,66,3006,82,82,161 Bank Deposits 4,20,22,951 31,25,53,734

8. FIXED ASSETS LESS DEPRECIATION29,75,000 Land 29,75,000

3,22,58,756 Premises 2,84,73,61042,88,51,448 Premises A/c(Revaluation) 61,04,48,9402,85,49,639 Others (Sch 5) 2,46,20,475 66,65,18,025

9. OTHER ASSETS:3,18,19,921 Sundry Debtors 3,14,49,583

5,71,028 Comm. & Exchange Rec. 5,72,30966,807 Library Books 71,977

26,15,902 Stock of Stationery 23,34,8852,56,433 Telephone connection deposits 2,56,433

(Amt. in INR)


36v v


BALALNCE SHEET




Sd/-

B. B. Fernandes


Sd/-

A. M. Chodankar


Sd/-

P. N. Kurtikar

VICE- CHAIRMAN


84,84,38,673 5. INTEREST PAYABLE 94,41,92,143

5,47,32,520 6. CLEARING ADJUSTMENTS(Sch 2) 5,42,03,749

7. OTHER LIABILITIES3,12,60,022 Sundry Creditors (Sch 3) 3,59,50,8951,85,46,736 Draft & Payorder payable 2,46,76,475

5,73,152 Audit fees payable 2,37,6523,82,500 Consultancy fees Payable 4,72,500

9,215 Branch Adj. for Net debit balance 9,21554,87,920 TDS Payable 42,33,874

35,157 EGSLIS scheme 36,0829,74,977 ABN/Recovery Exe. Fees Payable 9,73,727

16,73,52,710 Subsidy Reserve Fund. 18,49,74,0240 Collection of Electricity/Water Bills 38,590

15,55,200 Loss on Non Banking Assets 15,55,2005,47,000 NFS issuer charge back ac 6,10,643

0 PMJJBY Collection Account 30159,207 Rent Payable 64,802

90,16,551 NFS Issuer A/c 45,08,2979,90,556 Security Deposit (contractors) 10,26,655

32,49,62,647 Dues payable to staff (Sch 4) 4,13,61,31173,15,377 Earnest Money(EMD) 69,22,47229,96,363 Branch ATM GL AC 8,11,463

100 Sim SE Pay 10046,164 Draft paid witthout advice 46,164

7,91,161 GST Payable 4,41,255.190 Provision for Tax 5,50,00,0000 Deaf Collection Account 23,36,166 36,62,87,863

3,32,33,372 8. OVERDUE INTEREST RESERVE 3,31,14,997

9,09,23,736 9. BRANCH ADJUSTMENT(Net) 7,86,65,417

1,58,11,55,277 10. DAMAN DIU BIFURCATION 1,26,90,12,835

6,21,518 11. BILLS FOR COLLECTION 46,800(Being Bills Receivable as per contra)

3,07,48,714 12. ACCEPTANCES , ENDORSEMENT 2,46,98,074& OTHER OBLIGATIONS ONBEHALF OF CUSTOMERS AS PER CONTRA

24,32,64,48,485 TOTAL RUPEES 23,71,49,52,518


v v37


AS ON 31.03.2020 - GOA REGION

PROPERTIES & ASSETS



Sd/-

U. B. Phal Dessai

CHAIRMAN

42,93,751 Festival & Special Advance 36,31,93913,92,609 Security deposit a/c. 14,10,7541,19,824 Subsidy due. 1,19,824

7,724 Cersai registration fee(Equi Mort) 2,45045,713 Security Transaction Tax 45,713

50,91,840 Rent & Water Charges receivable 14,44,32020,435 Electricity & Water Connection Deposits 20,435

7,93,473 Receivable Agaist Fraud Cases 7,93,4732,51,44,424 NFS Settlement A/c 4,53,64,893

45,50,420 DEAF Claim A/c 21,91,97058,84,121 NFS Aquirer A/c 1,20,36,581

6,974 KCC Int. Waiver Receivable 66813,031 Water Charges Receivable 076,043 PAN card coupon amt. receivable 74,855

2,27,44,534 Tax Deducted at Source 2,45,99,3091,15,474 Graha Adhar Settlement 1,15,474

1,05,00,000 Advance Tax 5,50,00,00011,51,936 GST cr availble 8,73,439

4,930 NFS Service Tax Ac 6,54,83110,018 NFS Issuer Charge Back Ac 0

0 NFS Aquire Charge Back Account 34,404Advance to the owner of the premises 1,00,000 18,32,00,516

1,57,31,014 10. CLEARING ADJUSTMENTS (SCh 6) 30,95,175

1,08,55,529 11. NON BANKING ASSETS 82,55,529Acquired in satisfaction of Banks claim

28,33,59,275 12. LOSS ASSETS(IIBI Bonds) 28,33,59,275

6,21,518 13. BILLS RECEIVABLE 46,800(Being bills for collection as per contra)

3,07,48,714 14. ACCEPTANCE ENDORSEMENT 2,46,98,074& OTHER OBLIGATIONS ONBEHALF OF CUSTOMERS AS PER CONTRA

15. PROFIT & LOSS A/C50,14,87,389 As per Last Balance Sheet. 50,14,87,389

Less : Profit for the year ended 31.03.2020 40,18,95,777 9,95,91,612

24,32,64,48,485 TOTAL RUPEES 23,71,49,52,518

Sd/-

CA : N M SIRSAT

(Proprietor)

M.N.158694



(Amt. in INR)


38v v


SCHEDULE 1 SALARY1,17,224 Staff Training & Development 52,305

9,034 Staff L.F.C. Bills 54,69830,000 Hospitalisation 30,000

3,11,103 Travelling & Conveyance 3,12,1871,690 TADA to staff 0

30,31,49,043 Staff salary 31,65,10,6812,23,180 Bonus /Exgratia Paid 4,66,150

9,459 Gratuity 00 Promotion & Recruitment exp 42,3720 Leave Encashment of regular staff 4,425

12,28,870 Ex-gratia 0 31,74,72,818

SCHEDULE 213,61,293 AMC ON OTHERS

6,76,604 H.O.complex maint 6,36,5826,84,689 Security Services 5,60,888 11,97,470

SCHEDULE 31,91,192 ADVERTISEMENT & PUBLICITY1,49,192 Advertisement 2,00,454

42,000 Sponsorship 10,000 2,10,454

SCHEDULE 461,81,405 GENERAL CHARGES

0 Staff Training & Development 14,5208,70,455 Courier Charges 7,28,0668,74,569 Comm. Paid to Pigmy Collectors 7,74,1884,11,083 Vehicle Maintenance 3,64,271

14,77,005 Taxi Charges on Cash remitt. 15,84,5908,11,111 Bank Charges 9,69,857

54,500 Stock Audit Charges 1,03,4312,63,232 Computer Consumables 1,72,162

35,315 Mandatory Advt/Expenses 4,0202,42,057 Water Charges 2,53,260

8,894 Misc. Debit bal written off 01,11,234 NFS Switching Expenses 0

63,300 Shifting charges 00 Election Expenses 34,151

Other expenses 084,983 Customer Refreshment 76,511

5,46,040 SweepingCharges 5,97,5003,27,628 Other Charges 4,52,399 61,28,926

SCHEDULE 5 REPAIRS TO PROPERTY16,32,357 Repairs to Property 11,21,721

47 Loss on sale of dead stock 0 11,21,721SCHEDULE 6

77,22,423 OTHER RECEIPTS0 Enrollment Fees 8,000

2,73,850 Equitable Mortg. Fee 1,89,39016,60,894 Int. Subvention Received 27,43,399

Misc. Receipts20,10,467 Other Receipts 26,14,421

3,00,904 SARFAESI Charges 76,18026,083 Recovery Charges 858

3,18,868 NFS interchange ATM 7,83,87755,730 Profit on sale of Dead Stock 7,917

5,12,244 Input Service Tax Cr. Utilised 3,60,37025,63,383 Safe Deposit Locker Rent 25,28,511 93,12,924

Previous Year

31.03.2019



Schedules of Profit & Loss Account (Goa Region) 31-March-2020(SCHEDULED BANK)

PARTICULARS

(Amt. in INR)


v v39


PARTICULARS

SCHEDULE 1

1,05,84,189 GENERAL RESERVE

Opening balance 1,05,84,189

Add:Addition during the Year

Entrance Fees 16,280

Nominal Membership Fees 11,15,488 1,17,15,957

SCHEDULE 2

5,47,32,520 CLEARING ADJUSTMENTS

56,622 Clearing adjustment 89,966

1,250 All Goa Clearing 1,250

2,07,93,715 CTS/Non CTS Clearing payable 1,84,45,453

11,71,599 Inter Branch Transaction 11,71,599

3,21,52,865 CTS clearing Receaivble 3,49,77,261

5,56,469 NACH 7,58,576

0 Less: NON CTS Clg receivable (DR Balance) (12,40,356) 5,42,03,749

SCHEDULE 3

3,12,60,022 SUNDRY CREDITORS

1,21,78,080 Sundry Creditors 1,77,47,319

1,74,16,941 Unclaimed Amounts 1,65,38,576

16,65,000 Sundry Creditor Recovery 16,65,000 3,59,50,895

SCHEDULE 4

32,49,62,647 DUES PAYABLE TO STAFF

4,59,825 Staff LIC premium payable 6,03,314

8,69,105 Dues Payable to Retired Employees 8,34,115

1,00,00,000 PL Encashment on Retirement 79,14,775

31,36,33,717 Staff Gratuty Liability 3,20,09,107 4,13,61,311

SCHEDULE 5

2,85,49,639 OTHER FIXED ASSETS

2,75,36,766 Furniture Fixtures & Computers 2,38,43,195

8,41,838 Vehicle Account 6,40,454

1,71,035 H. O. Plant & Machinery 1,36,827 2,46,20,475

SCHEDULE 6

1,57,31,014 CLEARING ADJUSTMENTS

12,40,356 CTS/Non CTS Clearing 0

7,904 MICR Clearing 7,900

1,44,82,754 ECS Mandate Credit 30,87,275 30,95,175

Previous Year

31/03/2019

Schedules of Balance Sheet (Goa Region) 31-March-2020(SCHEDULED BANK)



(Amt. in INR)


40v v

Sd/-

U. B. Phal Dessai

CHAIRMAN

Sd/-

CA : N M SIRSAT

(Proprietor)

M.N.158694



Sd/-

B. B. Fernandes

GENERAL MANAGER

(ACTS)

Sd/-

A. M. Chodankar


Sd/-

P. N. Kurtikar

VICE- CHAIRMAN

The Goa State Co-operative Bank Ltd., Head Office, Panaji-Goa

Cash Flow Statement for the year ended 31 March 2020(` in Lakh)

For the year ended 31.3.2019

A Cash Flow from Operating Activities

Net Cash Profit from Operations

Net profit/(Loss) as per P& L a/c 183.23 4,441.61

Add :

1 Interest paid on Borrowing 0.94 1.81

2 Amortization of premium on securities 3.92 5.00

3 Depreciation 186.14 142.54

4 Loss on Sale of Assets 0.00 0.00

5 Prov on Std Assets 69.95 260.95 42.70 192.05

Less :

6 Profit on Sale of Assets 0.56 0.08

7 Excess Prov Reversed - BDDR 0.00 0.56 179.99 180.07

Net cash Operating profits 443.62 4,453.59

Adjustments: Working Capital

Increase/Decrease in Deposits 16,569.68 (4,212.62)

Increase/(Decrease) in Interest Payable (574.77) 1,194.19

Increase/(Decrease) in Share Appl. Clg Adj, Other

Liab, OIR, Branch Adj 2,632.47 (2,399.65)

Increase in Reserves 373.32 934.05

Increase in BDDR 0.00 0.00

Increase(-)/Decrease(+) in Term deposits with Banks (5,576.39) (2,026.51)

Increase in Investments (2,591.77) 5,676.68

(Increase)/Decrease in Advances (11,227.80) (2,530.99)

(Increase)/Decrease in Interest receivable (292.49) (524.26)

(Increase(/Decrease in Other Assets , Clg Adj 178.03 (727.69)

Decrease/(Increase) in Working Capital (509.72) (4,616.80)

Net Cash Flow from Operations (A) (66.10) (163.21) B Cash Flow from Financing Activities

1 Increase in Share Capital 571.45 504.25

2 Increase/(Decrease) in Borrowing (1,800.00) 0.00

3 Interest paid on Borrowings (0.94) (1.81)

Net Cash flow from Financing Activities (B) (1,229.49) 502.44 C Cash Flow from Investing Activities

1 Purchase of Fixed Assets (41.96) (137.03)

Net Cash Flow from Investing Activities (C) (41.96) (137.03) Net Cash Outflow During the Year (A)+(B)+(C) (1,337.55) 202.20

Opening Cash & Cash Equivalents as on 1.4.19 18,088.98 16,751.45

Closing Cash & Cash Equivalents as on 31.3.20 16,751.43 16,953.65 Cash & Cash Equivalents

Cash in Hand and with RBI 10,861.45 10,917.60

Cash with Other Banks 5,890.01 16,751.46 6,036.07 16,953.67

For the year ended 31.3.2020

Amount Amount Amount Amount Amount Amount


v v41

I. SIGNIFICANT ACCOUNTING POLICIES1. BASIS OF PREPARATION :-

The financial statements have been prepared and presented under the historical cost convention andcomply with generally accepted accounting principles, the statutory requirements prescribed under theBanking Regulation Act 1949 and the Goa State Co- operative Societies Act 2001, circulars andguidelines issued by the Reserve Bank of India (RBI), National Bank for Agriculture and RuralDevelopment (NABARD) from time to time, the Accounting Standards (AS) issued by the Institute ofChartered Accountants of India (ICAI) and the current practices prevailing within the banking industry inIndia, except as otherwise stated.

2. USE OF ESTIMATES :The preparation of financial statements requires the management to make estimates andassumptions that affect the reported amount of assets, liabilities, expenses, income and disclosure ofcontingent liabilities as at the date of the financial statements. Management believes that theseestimates and assumptions are reasonable and prudent. However, actual results could differ fromestimates. Any revision to accounting estimates is recognized prospectively in current and futureperiods.

3. INVESTMENTS :i. The Bank discloses its investment under the following categories

a) Central and state Government Securities.

b) Bonds of Public Sector Undertakings

c) Shares in Cooperative Institutions

d) Debt Mutual Fund

e) Other Investments

ii. The valuation of investment in these categories has been done as follows.

a) The Govt. Securities are classified into three categories viz, HTM, AFS & HFT. Investments in HTMcategory are carried at acquisition cost. The premium if any paid on acquisition of the investmentsunder this category is amortized over the remaining period of maturity.

b) Investment in AFS and HFT categories are marked to market whereby aggregate appreciation ifany is ignored and depreciation is fully provided for.

iii. Broken period interest in respect of investment is treated as an item of revenue under Profit & Lossaccount.

A PSU Bonds are marked to market and aggregate appreciation is ignored and depreciation is fullyprovided for.

B. Shares in Cooperative Institutions are carried at acquisition cost.

4. ADVANCES :Advances are classified in accordance with the prudential norms prescribed by RBI. Advances are classifiedinto categories viz. standard, sub-standard, doubtful and loss Assets, borrower wise. Advances stated in theBalance Sheet are net of provisions made for Non Performing Assets. Recoveries in advances areappropriated first towards charges, then interest and thereafter towards principal amount.

Provision on advances is made as per IRAC (Income Recognition and Assets Classification) Norms as perRBI guidelines.

The Provision on Standar d Assets made ` 24.27 lakh as per the RBI Prudential Norms, in the opinion ofthe mana gement is not the true loss f or the Bank.5. FIXED ASSET & DEPRECIATION :

Leasehold Lands are stated at cost less amortisation. Vehicles, Furniture & Fixtures & Computers, Plant& Machinery are stated at cost less depreciation.

Land : - land is stated at the acquisition cost.

Premises : - These are stated at revalued amount less depreciation.

Cost includes incidental expenses incurred on acquisition of assets.

NOTES FORMING PART OF THE BALANCE SHEET AND PR OFIT AND LOSSACCOUNT FOR THE YEAR ENDED MARCH 31, 2020.


42v v

i. Premises (including revaluation) are depreciated on written down method @ 10 %p.a.

ii. Computers are depreciated on straight line method @ 33.33 % p.a.

iii. Vehicles are depreciated on written down method @ 20 % p.a.

iv. Plant and machinery depreciated on written down method @ 15 % p.a.

v. Furniture & fixture depreciated on written down method @ 10 % p.a.

Depreciation on the fixed assets purchased during the year is charged for the entire year, if the asset ispurchased and retained for 180 days and more or else the same is charged at 50% of the normal rate.

6. REVENUE RECOGNITION:-Income and expenditure are generally accounted on accrual basis, except the following :

a) Interest on Non-performing advances and non performing investments is accounted on realisationas per norms laid down by Reserve Bank of India.

b) Interest on overdue bills, commission (other than Government business), Exchange,Brokerage and rent on lockers are accounted on realization.

c) Dividend is accounted when the right to receive the same is established.

d) In case of suit filed accounts, related legal and other expenses incurred are charged to profit & lossaccount and on recovery the same are accounted as income.

7. DEFINED BENEFIT PLANS:a) GRATUITY: The employee gratuity fund scheme is funded by the Bank and managed by LIC India,

HDFC Life Insurance and Bajaj Allianz Insurance who in turn manages their funds as perguidelines. The Bank meets its Employee Gratuity Fund and Leave Encashment obligations oncash basis by charging the same to P& L A/c in case of balances in funded accounts are insufficientto meet the obligations. However, the bank has met its entire obligation towards the payment ofgratuity to its retired staff during the year. The balance outstanding in these funds invested as on31.03.2020 is ̀ 48,28,84,708/- . In addition, provision of ` 1,47,50,000/- is made during the currentfinancial year. Gratuity amounting to ` 73,36,304/- is paid to the retired staff.

b) Pension: The employees of the bank have been drawing pension from EPFO, which is beingextended to them from out of the accumulation by way of EPF contribution from the Employer'sshares of PF contribution. Employer’s contribution to EPFO is charged to Profit & Loss account.

c) Leave encashment paid was charged to profit & loss Account on cash basis. The bank has nowstarted contributing to Leave Encashment fund with HDFC Life Insurance. The balanceout standing in these account as on 31.03.2020 is ` 6,06,83,053/-. In addition, provision of ` 2.00crore is made during the current financial year

8. NO PROVISION IS RECOGNIZED FOR :a) Any possible obligation that arises from past events and the existence of which will be confirmed

only by the occurrence or non occurrence of one or more uncertain future events not wholly withinthe control of the bank.

b) It is not probable that an outflow of resources embodying economic benefits will be required tosettle the obligation or

c) A reliable estimate of the amount of obligation cannot be made

II. NOTES ATTACHED TO AND FORMING PART OF ACCOUNTS:a) The Bank in compliance to RBI Directives, decided to bifurcate its business into Goa unit & Daman

& Diu Unit as separate institutions as on 01.04.2017. Accordingly, the process of bifurcation hasbeen initiated. As per request submitted by the Bank, the Central Registrar of Cooperative Societ-ies issued order dated 01.04.2016 denotifying the Bank as a Multistate Cooperative Society w.e.f.01.04.2016.

By notification dated 28.07.2017, the Registrar of Cooperative Societies, Goa hasrestored the status of Bank as The Apex Cooperative Bank and maintained the original registrationof the Bank w.e.f. 07.11.1963.

The Bifurcated Goa Unit and Daman & Diu Unit are being managed by separate administrativecommittees of the said units. However, due to non issue of In principal Approval for DDSCB by theRBI, the consolidated Financial Statements are prepared and presented.


v v43

INCOME I. Interest Received 4,344.94 4,512.05

II. Commission & Exchange 9.60 5.98

III. Service Charges & Processing Fees 58.51 52.44

IV. Other Receipts 17.32 18.55

V. Excess Provisions Reversal 90.88 34.64

TOTAL RUPEES 4,521.25 4,623.66EXPENDITURE I. Interest Paid 3,028.26 3,173.23

II. Salaries & Allowances 904.18 558.71

III. Directors Sitting Fees 0.51 0.28

IV. T.A./D.A. of Management 1.31 2.86

V. Rent, Taxes, Insurance & Electricity 15.24 17.39

VI. Premium paid to D.I.C.G.C. 33.34 101.57

VII. AMC 11.14 12.09

VIII. Amortisation of Premium-HTM Sec. 0.28 0.68

IX. Depreciation 26.28 40.51

X. Establishment Expenses 37.46 52.62

XI. Provisions : 108.55 241.08

XII. Balance Of Profit 354.72 422.66

TOTAL RUPEES 4,521.25 4,623.66LIABILITIES I. AUTHORISED CAPITAL 1,000.00 1,000.00

II. Issued, Subscribed & Paid Up 599.54 754.49

III. Share Application Money 8.62 34.67

IV. Reserve Fund And Provisions 1,538.63 1,641.06

V. Deposits & Other Accounts 54,213.75 54,614.20

VI. Interest Payable 3,252.36 3,489.01

VII. Clearing Adjustments 111.04 83.02

VIII. Other Liabilities 389.35 151.04

IX. Overdue Interest Reserve 76.89 76.79

X. Bills For Collection 2.62 4.56

XI. Acceptances , Endorsement 72.22 41.87

TOTAL RUPEES 60,265.02 60,890.70ASSETS I. Cash 2,603.71 2,564.28

II. Balances With Other Banks 1,398.58 1,173.09

III. Term Deposits With Banks 25.00 25.00

IV. Money At Call 5,318.00 7,206.71

V. Investments 8,146.67 7,332.17

VI. Advances 23,769.85 26,661.39

VII. Interest Receivable 818.06 994.79

VIII. Fixed Assets Less Depreciation 709.24 780.95

IX. Other Assets 337.58 346.19

X. Clearing Adjustments 51.15 66.97

XI. Bills Receivable 2.62 4.56

XII. Branch Adjustment 704.79 929.30

XIII. Daman Diu Bifurcation 15,811.55 12,690.13

XIV. Acceptance Endorsement 72.22 41.87

XV. Profit & Loss A/C 495.98 73.32

TOTAL RUPEES 60,265.02 60,890.70

Particulars 31 March 2019 31 March 2020

(` in Lakh)

b) The bifur cated figures f or the Daman & Diu Region as per Bank’ s financial position of 31.03.2020are as under:-


44v v

Loans & Ad vances to Director s

1 Mr. Premanand Chawdikar HCC to IND W/Cl for Liquor business 1.35 Regular

2 M/s. Kudnekar Granites Prop.: MT SSI Expansion of business 12.43 Regular

Mr. Krishna V. Kudnekar

(applicant) Mrs. Kavita K.

Kudnekar (Co-applicant)

3 Mr. Rajesh Kalidas Desai ST CC KCC D/F Maint of Hort Garden 2.98 Regular

4 Mr. Rajesh Kalidas Desai HCC to IND W/C for business 20.16 Regular

(Prop.:Atharava Agrovat

Agencies)

5 Mr. Pandurang Narayan Kurtikar MT Non Agri House Repairs PLS 0.19 Regular

6 Mr. Anant M Chodankar MT Agri. Loan Const. of Poly House 3.20 Regular

(MD-I/C)-

Ex offico Director

7 Mr. Anant M Chodankar Staff Loan Construction of House 5.44 Regular

(MD-I/C)-

Ex offico Director

8 Mr. Anant M Chodankar Urban Loan Consumer Durables 5.83 Regular

(MD-I/C)-

Ex offico Director

Loans & Ad vances to Relatives of Director s

1 Mr. Kunal Ulhas Phaldessai MT Car Loan Purchase of Car. 4.55 Regular

2 Mr. Subhash U. Fal Desai MT Dairy Purchase of Animals 1.96 Regular



5 Mr. Vishnu P Naik ST CC KCC W/C to Dairy business 0.90 Regular

6 Mr. Chandrashekhar Narayan LT Hsg. Housing Loan 1.61 Regular

Kurtikar Loan(Gharkul)

7 Mrs. Premabhai Chodankar MT Agri. Loan Construction of Poly 4.40 Regular

House

71.18

c) Under normal business transaction, the Bank has sanctioned loans to the directors and their relatives,the

details of which are annexed here below.

Advances to director s, their relatives, companies/firms in whic h the y are interested :

Amount

O/S as on

31.03.2020RMKNature of Facilities

Type of LoanParticularSr.

No.

(` in Lakh)


v v45

d) The system of reconciliation on day to day basis before generating day end report is introduced.

Rigorous steps are taken to reconcile all pending entries. Special team is put in place to reconcile

pending entries. As on 31st March 2020, an amount of ` 142.65 lakh under assets remained to be

reconciled.

The age-wise c lassification of the pending entries under branc hes adjustment account as on31st March 2020 is summariz ed belo w.

No. of DebitEntries

Amount ofDebit

No. of CreditEntries

Amount ofCredit

TimePeriod

Up to to 3 months 100 126.33 104 157.54

3 to 6 months 83 91.80 75 128.35

6 months to 1 year 160 542.89 156 131.08

1year to 3 years 186 198.75 184 394.94

3 years to 5 years 48 2.11 30 1.35

Above 5 years 201 13.70 190 19.67

TOTAL 778 975.58 739 832.93

Net – Debit- Balance 142.65

e) The contingent liability on account of Bank guarantees issued are ` 2.89 crore.

f) Previous year's figures have been regrouped or rearranged, wherever necessary and are stated in

bracket.

III. COMPLIANCE WITH THE ACCOUNTING STANDARDS AND OTHER LEGAL REQ UIREMENTS:

a) No payment is made to relatives as specified under accounting standard-18 issued by the Institute of

Chartered Accountants of India (ICAI). The Staff member related to one of the Directors of the Board of

the Bank is shown here below.

There are no specific directions/guidelines from the Reserve Bank of India and Registrar of cooperative

Societies, in respect of disclosure to be made for segment reporting as required under accounting

standard-17 issued by the Institute of Chartered Accountants of India. The entire operation of the bank is

one composite banking business not liable to different risks and rewards. Consequently in the opinion of

the bank, accounting standard issued by the Institute of Chartered Accountants of India (ICAI) is not

applicable.

c) The Bank has ascertained that there is no material impairment of any of its assets and as such no

provision under accounting standard 28 issued by the Institute of Chartered Accountants of India (ICAI)

is required.

1 Mrs. Rajeshree R. Naik Wife Employment in the Bank (Salary) 10.67

Sr.

No.Name of the related

party

Relationship

with

DirectorNature of transactions

Amount of

Transaction

per Annum

`

(` in Lakh)

(` in Lakh)


46v v

1 Capital to Risk Asset Ratio 4.35% 7.31%

a) Tier I 2.48% 5.15%

b) Tier II 1.86% 2.16%

2 Movement of CRAR

a) Tier I 3927.37 9054.98

b) Tier II 2948.17 3789.63

3 Investments:-

SLR:-

a) Book Value of Investments 60836.68 55155.00

b) Face Value of Investment 61932.90 55669.50

c) Market Value of Investments ---- ----

Non SLR:-

a) Book Value of Investments ---- ----

b) Face Value of Investment ---- ----

c) Market Value of Investments ---- ----

4 Advances against Real Estate, Construction business, housing 30134.83 22492.10

5 Advances against shares & debentures ---- ----

6 Advances to directors, their relatives, companies/firms in which

they are interested:

a) a) Fund -based 64.26 71.18

b) b) Non-fund –based (Guarantees, L/C etc.) ---- -----

7 Cost of Deposit – Average cost of deposit 6.41 6.55

8 NPAs:

a) Gross NPAs 13409.38 16432.43

b) Net NPAs 8479.92 10749.70

c) % of Gross NPAs to total Advances 8.56% 10.32%

d) % of Net NPAs to total Advances 5.41% 6.75%

9 Movement of NPAs

a) Gross NPAs

Opening Balance 11465.23 13409.38

Add.: Addition during the year 4222.91 4853.97

Less : Reduction during the year 2278.76 1830.92

Closing Balance 13409.38 16432.43

Disclosure of various information as required by RBI vide their

Circular No.RBI/2005- 06/178. RPCD.CO.R.F.B.C.No. 44/07.38-03/2005-06 dt.10.10.2005.

As on

31.03.2019 31.03.2020 Particular s

Sr.No.

(` in Lakh)


v v47

As on

31.03.2019 31.03.2020 Particular s

Sr.No.

b) Net NPAs

Opening Balance 6921.80 8479.92

Add.: Addition during the year 3589.80 3920.71

Less : Reduction during the year 2031.68 1650.93

Closing Balance 8479.92 10749.70

10 Profitability:

a) Interest Income as a percentage of working funds 8.29% 9.18%

b) Non-Interest income as a percentage of working funds 0.34% 1.00%

c) Operating profit as a percentage of working fund 1.41% 1.91%

d) Return on Assets 0.07% 1.55%

e) Business (Deposits + Advances) per employee 750.93 762.16

f) Profit per employee 0.34 8.46

11 Provisions

a) Provision on NPAs required to be made 4566.32 5227.50

b) Provision on NPAs actually made 4574.46 5274.79

c) Provision required to be made in respect of overdue interest taken

into income account, provident fund, arrears in reconciliation of

inter-branch account etc. 409.22 407.94

d) Provision actually made in respect of overdue interest taken into

income account, provident fund and arrears in reconciliation of

inter-branch account 409.22 407.94

e) Provision required to be made on depreciation in investments. ---- ----

f) Provision actually made on depreciation in investments. ---- ----

12 Movement in provisions:

a) Towards NPAs 4574.46 5274.79

b) Towards depreciation on investments ---- ----

c) Towards Standard assets 566.72 590.99

13 Foreign currency assets & liabilities ( if applicable) ---- ----

14 Insurance premium paid to DICGC during the year with S.T/GST 288.05 303.39

Sd/-

U. B. Phal Dessai

CHAIRMAN

Sd/-

B. B. Fernandes

GENERAL MANAGER

(ACTS)

Sd/-

A. M. Chodankar


Sd/-

P. N. Kurtikar

VICE- CHAIRMAN

(` in Lakh)

Sd/-

CA : N M SIRSAT

(Proprietor)

M.N.158694




48v v

BUDGET FOR THE YEAR 2019-20 WITH ACTUAL & PROPOSED BUDGET FOR 2020-21 & 2021-22

THE GOA STATE CO-OP BANK LTD.(Scheduled Bank)

Head Office , Panaji- Goa

I. INCOME

1 Interest on loans & Advances. 15933.70 14223.30 17040.52 15029.34

2 Interest on Investment & Call deposit 7019.20 7352.73 7370.16 7565.71

3 Commission & Exchange. 32.36 15.69 33.98 11.08

4 Other Receipts. 583.39 501.03 612.55 479.73

5 Rent Received a/c 37.00 36.80 37.00 36.72

6 Profit on Redemption/ sale of Securities 588.31 1760.32 702.73 1660.32

7 Int Subvention received 18.26 27.43 19.17 29.63

8 Divident received 0.15 0.00 0.15 0.00

9 Reversal of provision on BDDR/STD 0.00 163.78 185.54 155.74

10 Gratuity provision reversed 0.00 232.83 0.00 0.00

Total 24212.37 24313.91 26001.80 24968.27

II EXPENDITURE

A. Interest Paid on Deposit 14951.10 13887.62 15698.66 14134.31

Total (A) 14951.10 13887.62 15698.66 14134.31

B. Managerial Expenses

1 Salaries & Allowance 3702.19 4024.77 3792.30 4590.60

2 Sitting fees paid to directors 1.33 2.62 1.40 2.44

3 Rent, Taxes, Insurance & Lighting 134.12 108.85 140.83 153.18

4 Insurance on D.I.C.G. 231.84 155.54 243.43 258.57

5 Legal Fees & Expenses 7.68 6.77 8.06 11.94

6 Postage, Telegraph & telephone Charges 0.19 7.29 0.20 1.90

7 Stationery & printing 21.19 15.71 22.25 14.47

8 Depreciation & Repairs to Property 149.76 102.03 127.30 90.51

9 Commission paid to pigmy Collectors 9.63 7.74 10.11 3.60

10 TADA expenses of Mngt 0.31 1.34 0.32 1.28

11 TADA expenses of staff 0.02 0.00 0.02 0.00

12 Courier Charges(Tapal) 0.00 7.28 0.00 9.62

Sr.

No. PARTICULARS

(` in Lakhs)

Budget for

2019-2020

Actuals as

on

31.03.2020

Proposed

Budget for

2020-2021

Proposed

Budget for

2021-2022

GOA REGION


v v49

13 Provision on BDDR/STD 325.35 767.29 60.35 766.30

14 Subscription and periodical 6.18 5.66 6.49 9.24

15 Advertisement & publicity 2.10 2.10 2.21 2.24

16 Mandatory Advt/Expenses 0.39 0.04 0.40 0.04

17 Branch Renovation 25.00 11.22 100.00 50.00

18 Technology upgradation 0.00 0.00 100.00 200.00

19 Staff Welfare expenses 1.29 0.67 1.35 0.67

20 ADM charges on PF 17.36 15.40 18.23 17.45

21 Professional & consultancy 21.51 16.43 22.58 18.60

22 Stock Audit Charges 0.61 1.03 0.64 1.03

23 Agriculture Credit Stab Fund 0.00 0.00 0.00 25.00

24 Audit fees payable 5.39 4.33 5.66 5.00

25 Bonus to Staff 2.45 4.66 0.00 4.66

26 Motor Vehicle Expenses 4.53 3.64 4.76 4.00

27 Other Expenses 52.87 42.40 55.51 62.85

28 Computer maintenance/Xerox 59.25 49.95 62.21 20.96

29 H O complex maintenance 7.45 6.37 7.82 12.34

30 Amortisation of HTM securities 4.00 4.32 4.20 5.68

31 Lease Line Charges 30.00 17.96 30.00 30.00

32 ATM expenses 25.00 55.08 30.00 67.54

33 Service Charges Paid 15.47 4.88 16.24 5.00

34 Taxes/GST Paid 41.95 56.47 44.05 88.52

Total (B) 4906.41 5509.84 4918.92 6535.22

Total of (A) + (B) 19857.51 19397.46 20617.58 20669.53

OPERATING PROFIT 4354.86 4916.45 5384.22 4298.75

Provision for:

a) Group Grat Sch Prem EDL & GSL

Scheme premium 600.00 147.50 700.00 400.00

b) Leave Encashment 200.00 200.00 300.00 750.00

d) Provision for tax 0 550.00 0 500.00

Total 800.00 897.50 1000.00 1650.00 NET PROFIT 3554.86 4018.95 4384.22 2648.75

Sr.

No. PARTICULARS

Budget for

2019-2020

Actuals as

on

31.03.2020

Proposed

Budget for

2020-2021

Proposed

Budget for

2021-2022

TH

E G

OA

ST

AT

E C

O-O

P. B

AN

K L

TD

.57

th A

NN

UA

L R

EPO

RT 2

019-2

0

50

vv

Sr.

No.

Branch

CodeOfficers Clerical

Sub-

Staff

Overall Performance of the Branches for the Year Ended : 31-March-2020

Branch

Name As on

31.03.2019

DEPOSITS

As on

31.03.2020

Growth

% As on

31.03.2019

ADVANCES

As on

31.03.2020

Growth

%

PROFIT & LOSS

For the year

ended

31.03.2019

For the year

ended

31.03.2020

STAFF POSITION

1 1 HO 0.05 0.05 0.00 8848.43 3475.52 (60.72) (3599.24) 939.27 39 39 16

2 2 Taleigao 1244.80 1221.67 (1.86) 1395.74 1476.55 5.79 48.96 53.14 1 2 1

3 3 Panjim 5199.54 5169.54 (0.58) 4218.40 4392.66 4.13 144.13 174.28 2 6 2

4 4 Mapusa Mkt 1592.25 1493.09 (6.23) 1705.82 1775.02 4.06 57.45 65.33 0 3 1

5 5 Ponda 32849.75 29551.35 (10.04) 8283.35 8275.34 (0.10) 72.69 (120.21) 3 13 3

6 6 Margao 8540.25 8702.41 1.90 3581.20 4003.53 11.79 (1.28) 32.57 2 7 2

7 7 Pedne 6679.78 6638.80 (0.61) 2717.37 2875.74 5.83 119.05 125.56 2 5 1

8 8 Bicholim 7449.00 7879.06 5.77 6304.28 6472.85 2.67 260.47 227.37 3 7 2

9 9 Sankhali 4749.03 4441.53 (6.48) 2626.16 2689.03 2.39 111.51 89.75 2 4 1

10 10 Valpoi 5892.13 5733.27 (2.70) 5951.56 6192.49 4.05 292.13 314.09 3 6 2

11 11 Pale 2680.54 2705.24 0.92 1233.89 1309.88 6.16 7.39 7.42 1 3 1

12 12 D’ Nagar 1030.74 981.72 (4.76) 3959.32 3307.21 (16.47) 177.82 140.12 1 4 0

13 13 Loliem 960.46 1046.06 8.91 947.18 842.50 (11.05) 22.96 16.31 0 3 0

14 14 Canacona 3015.87 3031.01 0.50 1517.35 1653.75 8.99 58.72 58.91 1 5 1

15 15 Curchorem 4960.41 4958.20 (0.04) 2828.80 2929.76 3.57 96.38 79.56 2 6 2

16 16 Sanguem 3430.03 3676.36 7.18 2311.31 2389.10 3.37 81.14 78.64 2 5 1

17 17 Vasco 2559.93 3359.03 31.22 3083.40 2906.25 (5.75) 34.91 (2.70) 2 4 1

18 24 Adpai-Durbhat 1212.84 1198.13 (1.21) 764.37 951.94 24.54 20.92 16.09 1 2 1

19 26 Curti 2770.41 2935.94 5.97 2617.18 3028.64 15.72 65.19 88.27 2 5 3

20 27 Korgao 2022.93 2083.19 2.98 1160.97 1214.15 4.58 53.36 57.41 1 3 1

21 28 KTC 1780.03 1561.98 (12.25) 3208.82 3599.33 12.17 97.76 87.91 2 3 1

22 30 Rivona 1453.95 1458.36 0.30 558.08 659.56 18.18 7.72 8.70 1 2 1

23 32 H O Branch 7921.62 7358.21 (7.11) 7128.20 7149.27 0.30 178.59 63.06 3 6 3

GOA REGION

TH

E G

OA

ST

AT

E C

O-O

P. B

AN

K L

TD

.57

th A

NN

UA

L R

EPO

RT 2

019-2

0

vv

51

Sr.

No.

Branch

CodeBranch

Name As on

31.03.2019

DEPOSITS

As on

31.03.2020

Growth

% As on

31.03.2019

ADVANCES

As on

31.03.2020

24 33 Keri 1184.57 1322.33 11.63 567.96 709.48 24.92 7.08 10.15 1 2 1

25 34 Pirna 1761.62 1770.38 0.50 1675.30 1724.02 2.91 77.13 80.77 1 2 1

26 35 Tisk-Usgao 2608.28 2348.41 (9.96) 1152.38 1234.72 7.15 42.09 25.10 1 4 1

27 36 Marcel 6139.06 6107.86 (0.51) 3552.21 3675.78 3.48 147.27 148.08 2 6 2

28 37 New-Vaddem 2723.80 2417.92 (11.23) 476.68 654.22 37.25 11.11 19.86 1 3 1

29 38 Bethora 2206.74 2753.64 24.78 1203.70 1393.38 15.76 (10.89) 10.61 1 3 1

30 39 Cortalim 3042.52 2700.97 (11.23) 2047.35 1871.39 (8.59) 70.96 65.40 1 3 1

31 40 Quepem 3053.65 2498.86 (18.17) 1938.01 1778.56 (8.23) 62.22 78.70 1 5 1

32 41 Shiroda 2751.55 3004.81 9.20 1004.32 924.14 (7.98) 9.08 10.47 1 4 1

33 42 I.D.C. Mapusa 1076.10 996.92 (7.36) 1313.83 1473.21 12.13 29.84 47.64 1 2 0

34 43 Nagzar 1878.35 1810.98 (3.59) 2114.37 2221.68 5.08 100.27 114.08 1 3 1

35 44 Mandrem 1807.87 1929.51 6.73 2064.02 2269.53 9.96 89.44 84.89 1 3 1

36 46 Cuncolim 1980.15 2169.91 9.58 1540.24 1870.24 21.43 34.15 50.13 1 4 1

37 47 Cansaulim 1338.64 1157.24 (13.55) 1167.65 1179.45 1.01 (72.45) (109.90) 1 4 1

38 48 Headland Sada 1533.75 1628.80 6.20 1469.44 1561.44 6.26 33.09 51.89 1 3 1

39 51 Gawane 813.22 878.20 7.99 1183.92 1126.63 (4.84) 36.01 29.99 1 1 1

40 52 Moira 1542.56 1374.38 (10.90) 1456.13 1608.54 10.47 39.81 55.99 1 2 1

41 53 Verem 1230.46 1187.07 (3.53) 1361.75 1358.21 (0.26) 51.98 45.92 1 2 1

42 54 Aquem 2460.17 2281.82 (7.25) 3376.53 3726.47 10.36 162.44 98.40 2 5 2

43 55 Borda 2913.30 2833.40 (2.74) 2265.40 2262.00 (0.15) 51.85 (71.61) 2 6 1

44 56 A & R D 293.77 284.07 (3.30) 1191.84 1166.47 (2.13) 2.79 (3.02) 1 1 1

45 57 Caranzalem 2319.59 2062.38 (11.09) 1339.08 1449.37 8.24 34.20 54.23 1 2 1

46 59 Calangute 5559.41 5250.19 (5.56) 1231.95 1228.83 (0.25) 2.21 0.66 2 4 1

Officers ClericalSub-

Staff

Growth

%

PROFIT & LOSS

For the year

ended

31.03.2019

For the year

ended

31.03.2020

STAFF POSITION

GOA REGION

TH

E G

OA

ST

AT

E C

O-O

P. B

AN

K L

TD

.57

th A

NN

UA

L R

EPO

RT 2

019-2

0

52

vv

Sr.

No.

Branch

CodeOfficers Clerical

Sub-

Staff

Branch

Name As on

31.03.2019

DEPOSITS

As on

31.03.2020

Growth

% As on

31.03.2019

ADVANCES

As on

31.03.2020

Growth

%

PROFIT & LOSS

For the year

ended

31.03.2019

For the year

ended

31.03.2020

STAFF POSITION

GOA REGION

47 60 Mundvel 2828.87 2383.37 (15.75) 3128.40 3190.99 2.00 112.85 121.90 1 4 2

48 61 Merces 1324.22 1126.44 (14.94) 1359.03 1455.63 7.11 47.62 53.20 1 2 1

49 62 Honda 1791.22 2003.36 11.84 1781.20 1993.59 11.92 76.70 82.39 1 3 1

50 64 Mapusa Main 14264.10 13679.35 (4.10) 4068.64 3976.46 (2.27) 1.80 43.43 2 7 1

51 69 Upper Bazar 2933.47 3351.33 14.24 1123.22 1467.68 30.67 (9.00) 6.23 1 3 1

52 71 Paryem 2608.23 2614.31 0.23 3094.41 3447.44 11.41 122.36 139.50 1 3 1

53 73 Service 0.00 0.00 0.00 0.00 (66.34) (71.02) 4 3 1

54 75 Arambol 1426.55 1530.24 7.27 1431.03 1438.30 0.51 54.65 51.91 1 3 1

55 76 Assonora 999.94 891.84 (10.81) 2246.85 2490.17 10.83 58.98 76.64 1 2 1

56 77 Siolim 432.20 676.68 56.57 1060.20 1079.59 1.83 8.48 15.49 1 2 1

Sub-Total (A) 190824.27 186211.17 132938.22 132577.68 (171.49) 4018.95 117 249 82

DAMAN & DIU REGION

1 99 HO 0.00 0.00 0.00 0.00 (769.20) (697.89) 6 2 5

2 18 Moti Daman 4621.04 4720.56 2.15 1169.86 1113.15 (4.85) 39.91 45.43 0 4 1

3 19 Nani Daman 15836.60 15463.99 (2.35) 6580.60 8367.49 27.15 335.41 452.43 1 7 4

4 20 Diu 11047.13 11617.45 5.16 6128.64 5884.28 (3.99) 330.33 236.86 4 4 3

5 21 Vanakbara 3788.10 4008.67 5.82 2490.98 2568.38 3.11 115.25 101.93 1 5 1

6 22 Ghoghla 5786.43 6153.33 6.34 1071.33 1047.19 (2.25) (12.51) (0.38) 1 3 2

7 23 Somnath 3259.41 2877.44 (11.72) 1544.71 1629.26 5.47 111.69 99.55 2 2 2

8 25 Bhimpore 4652.37 4260.23 (8.43) 2493.89 2848.11 14.20 110.04 83.24 1 4 1

9 31 Fudam 4044.81 4386.45 8.45 1591.98 2385.17 49.82 58.79 75.09 1 3 0

10 72 Kachigam 1177.83 1126.09 (4.39) 697.86 818.35 17.27 35.01 26.40 2 4 1

Sub-Total (B) 54213.72 54614.21 23769.85 26661.38 354.72 422.66 19 38 20

TOTAL (A + B) 245037.99 240825.38 156708.07 159239.06 183.23 4441.61 136 287 102

the goa state co-operative bank ltd

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