ANNUAL REPORT

25th Annual Report 2022-2023 booklet download  Click here
24th Annual Report 2021-2022 booklet download  Click here
23rd Annual Report 2020-2021 booklet download  Click here
22nd Annual Report 2019-2020 booklet download  Click here
JALORE NAGRIK SAHAKARI BANK LIMITED JALORE



Form – A



FORM OF BALANCE-SHEET(AUDITED)



Balance-Sheet as on Dated : 31.03.2023






(Amount in `)



Capital and Liabilities Schedule Current Year 31.03.2023 Previous Year 31.03.2022



(1) Capital 1 127,954,850 119,800,950










(2) Reserve Fund & Other Reserves 2 345,445,449 313,612,903










(3) Principal/ Subsidiary State Partnership
0 0



Fund Account












(4) Deposits & Other Accounts 3 3,250,649,465 2,980,814,133










(5) Borrowings 4 0 0










(6) Bills for Collection Being Bills 550,000 0



Receivable as per Contra












(7) Other Liabilities 5 156,126,965 155,995,483



of which (7) Interest Payable on Deposits 128,953,201 135,996,760










(8) Branch Adjustments 0 0











(9) Provisions 6 136,918,175 128,550,755



of which (8) Overdue Interest on Loans & Advances (As per Contra) 9,499,911 14,053,235










(10) Profit & Loss 7 53,401,445 43,796,606










Total 4,071,046,349 3,742,570,830










Contingent Liabilities : 14





--- Bank Guarantees
25,000 25,000



--- Depositor Education & Awareness Fund
33,185,995 26,045,547



--- Others : Arrear Charges Payable
818,525 528,268






























(Amount in `)



Property and Assets Schedule Current Year 31.03.2023 Previous Year 31.03.2022



(1) Cash & Cash Equivalents 8.1 223,662,135 153,615,321











(2) Balances with other Banks 8.2 368,944,669 456,007,288











(3) Money at Call and Short Notice 0 0











(4) Investments 9 1,408,752,194 1,398,478,984











(5) Investments out of Principal/ Subsidiary
0 0



State Partnership Fund Account













(6) Advances 10 1,949,984,656 1,608,401,880











(7) Interest Receivable 11 42,594,328 60,822,223



i. On Investments
24,045,080 37,953,808



ii. On Loans & Advances (Standard) 9,049,337 8,742,450



iii. On Loans & Advances (Overdue Interest & Charges) 9,499,911 14,125,965



(8) Bills Receivable Being Bills for Collection as per Contra 550,000 0











(9) Branch Adjustments 0 0











(10) Fixed Assets 12 32,918,095 28,987,613











(12) Other Assets 13 43,640,272 36,257,521











Total 4,071,046,349 3,742,570,830











As per Audit Report of even date : 29-Apr-2023






For M/s C L Yadav & Associates






Chartered Accountants --sd--
--sd--



FRN 011132C (Posaram Prajapat) (Parmanand Bhatt)





Sr. Manager (Admi.) C.E.O.












--sd-- --sd--
--sd--



Partner






(CA B L Yadav) (Lalit Kumar Dave) (CA Mohan Parashar)





M. No - 412916 Vice Chairman
Chairman



UDIN : 23412916BGUMGQ7848









JALORE NAGRIK SAHAKARI BANK LIMITED JALORE
FORM B
Form of Profit and Loss Account
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2023



(Amount in `)
I. Income Schedule Current Year 31.03.2023 Previous Year 31.03.2022
(1) Interest & Discount 15 324,992,068 301,689,792



(2) Other Income 16 12,385,305 15,254,943
a. Commission 3,723,332 4,585,777
b. Profit on sale of fixed assets
134,765 109,186
c. Interest on I.T. refund
0 0
d. Miscellaneous Income
8,527,208 10,559,980




Total 337,377,373 316,944,735




II. Expenditure


(1) Interest on Deposits, Borrowings, etc. 17 161,275,677 170,151,282



(2) Operating Expended 18 92,159,416 78,577,568



(3) Provision & Contingencies 19 30,540,835 24,419,279




Total 283,975,928 273,148,129




III. Profit/Loss


(1) Net Profit for the Year 7 53,401,445 43,796,606




(2) Profit/Loss(-) brought forward
0 0




Net Profit carried to Balance Sheet 53,401,445 43,796,606




As per Audit Report of even date : 29-Apr-2023


For M/s C L Yadav & Associates --sd-- --sd--
Chartered Accountants (Posaram Prajapat) (Parmanand Bhatt)

FRN 011132C Sr. Manager (Admi.) C.E.O.









--sd-- --sd--
--sd--
Partner (Lalit Kumar Dave) (CA Mohan Parashar)

(CA B L Yadav) Vice Chairman
Chairman
M. No - 412916


UDIN : 23412916BGUMGQ7848




 

JALORE NAGRIK SAHAKARI BANK LIMITED, JALORE

Near Haridev Joshi Circle, Head Office – Jalore (Rajasthan)

 

Schedules forming part of Accounts For the year ended March 31, 2023

Schedule 1 – CAPITAL

 

(Amount In ₹)

Particulars

As on 31.3.2023
(current year)

As on 31.3.2022
(previous year)

Authorised Capital

(20,00,000 Shares of Rs 100/- each)

(Previous Year 20,00,000 Shares)

20,00,00,000

20,00,00,000

Issued Capital

(12,79,548 Shares of Rs 100/- each)

(Previous Year 11,98,009 Shares)

12,79,54,850

11,98,00,950

Subscribed Capital

(12,79,548 Shares of Rs 100/- each)

(Previous Year 11,98,009 Shares)

12,79,54,850

11,98,00,950

Called-up Capital

(12,79,548 Shares of Rs 100/- each)

(Previous Year 11,98,009 Shares)

12,79,54,850

11,98,00,950

Less : Calls Unpaid

( ------ Shares of Rs ----- each)

0

0

Add: Forfeited shares

( ------ Shares of Rs ----- each)

0

0

Total

12,79,54,850

11,98,00,950

 

 

Schedule 2 – RESERVE FUND & OTHER RESERVES

 

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I)             Statutory Reserve

13,61,69,848

12,52,20,697

II)            Building Fund

4,19,22,595

3,44,22,595

III)          Bad & Doubtful Debt Reserve

7,65,30,691

7,40,30,691

IV)          Other Fund & Reserve

 

 

a)    General Reserve

3,75,15,632

3,68,35,958

b)    Dividend Equalization Fund

22,86,707

22,86,707

c)     Investment Fluctuation Reserve

3,34,56,400

2,54,56,400

d)    Charity Fund

30,70,500

28,70,500

e)    Staff Welfare Fund

64,64,949

62,99,194

f)      Members Welfare Fund

36,00,000

33,00,000

g)    Co-operative Education Fund

14,28,127

9,90,161

h)    Director Awareness & Education Fund

0

4,00,000

i)      Cyber Security & I.T. Fund

30,00,000

15,00,000

Total

34,54,45,449

31,36,12,903

 

 

 

 

 

 

Schedule 3 – DEPOSITS & OTHER ACCOUNTS

 

(Amount In ₹)

Particulafrs

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I)      Fixed Deposits :

 

 

a)    Individuals & Others

200,33,83,049

187,03,88,381

b)    Other Societies

12,29,13,995

11,48,76,832

Total (I)

212,62,97,044

198,52,65,213

II)    Saving Bank Deposits :

 

 

c)     Individuals & Others

90,82,39,492

86,11,14,988

d)    Other Societies

4,59,55,895

3,93,16,060

Total (II)

95,41,95,387

90,04,31,048

III)   Current Deposits :

 

 

e)    Individuals & Others

15,88,27,406

8,46,88,744

f)      Credit Balance of Loan A/c

59,64,441

73,56,866

g)    Other Societies

53,65,187

30,72,262

Total (III)

17,01,57,034

9,51,17,872

Total (I+II+III)

325,06,49,465

298,08,14,133

 

 

 

Schedule 4 – BORROWINGS

(Amount In ₹)

Particulafrs

As on 31.3.2023 (current year)

As on 31.3.2023 (previous year)

i) From the Reserve Bank of India/State/Central Co-op Bank

a)   Short-Term Loans, Cash Credit and Overdrafts

0

0

of which secured against -

 

 

A)  Government & Other Approved Securities

 

 

B)  Other Tangible Securities

 

 

 

 

 

b)  Medium-Term Loans

0

0

of which secured against -

 

 

A)  Government & Other Approved Securities

 

 

B)  Other Tangible Securities

 

 

 

 

 

c)   Long-Term Loans

0

0

of which secured against -

 

 

A)  Government & Other Approved Securities

 

 

B)  Other Tangible Securities

 

 

 

 

 

ii)  From the State Bank of India

0

0

iii) From the State Government

0

0

iv) Loans from other sources

0

0

v)  Borrowings outside India

0

0

Total (I+II+III+IV+V)

0

0

 

 

 

 

 

 

Schedule 5 – OTHER LIABILITIES

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I)              Interest Payable on Deposits

12,89,53,201

13,59,96,760

II)            Bills Payable

1,43,82,508

66,17,239

III)          Unclaimed Dividends

43,90,789

34,75,643

IV)          Sundry Creditors

33,52,512

29,94,172

V)           Deferred Tax Liability

10,63,234

6,85,714

VI)          Settlement Account

(Digital Channels & Others)

50,000

1600281

VII)         Other Items

 

 

a)    Share Application Money

2,110

1,110

b)    TDS Payable

14,93,972

23,60,316

c)     Audit Fee Payable

2,06,620

4,32,440

d)    Share Capital Payable

3,05,475

3,05,475

e)    GST Payable

7,28,829

6,43,894

f)      HDFC Bank DD Payable

10,92,352

8,82,439

g)    PMSBY & PMJJBY

28,769

0

h)    Unclaimed Deposits

76,594

0

Total

15,61,26,965

15,59,95,483

 

 

Schedule 6 – PROVISIONS

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I)             For Standard Assets

78,58,781

64,14,960

II)            For NPA

4,33,43,215

4,33,43,215

III)          For Bad & Doubtful Debts

3,64,43,085

3,20,40,551

IV)          For Investment Depreciation Reserve(IDR)

37,05,321

20,74,548

V)           For Special Reserve u/s 36(1)(viii)of IT Act

42,00,000

27,00,000

VI)          For Overdue Interest

94,99,911

1,40,53,235

VII)         For Contingent Liability

35,30,860

35,30,860

VIII)       For Bonus

10,60,723

10,65,828

IX)          For Expenses

0

1,83,000

X)           For Income Tax on Profit

1,89,24,721

1,47,93,000

XI)          For Fraud

83,51,558

83,51,558

Total

13,69,18,175

12,85,50,755

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule 7 – PROFIT & LOSS

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

Profit as per last Balance Sheet                       (a)

4,37,96,605.93

4,82,09,402.75

Less : Appropriation of profit for the year 2021-2022

 

 

Statutory Reserve Funds

1,09,49,151

1,20,52,351

Co-operative Education Fund

4,37,966

4,82,094

Bad & Doubtful Reserve

25,00,000

55,00,000

Dividends

1,16,38,235

1,12,38,865

Dividend Equalization Funds

0

0

Staff Welfare Funds

5,00,000

5,00,000

Charity Funds

2,00,000

2,00,000

Investment Fluctuation Reserve(IFR)

80,00,000

60,00,000

Members Welfare Funds

3,00,000

3,00,000

Director Education and Awareness Fund

0

4,00,000

Cyber Security & I.T. Funds

15,00,000

15,00,000

Building Funds

75,00,000

0

General Reserve

2,71,253.93

100,36,092.75

(b)

4,37,96,605.93

4,82,09,402.75

(a)-(b)

0

0

Add : Profit for the year as per Profit & Loss Accounts

5,34,01,444.63

4,37,96,605.93

 

Schedule 8.1 – CASH

 

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

i)       Cash in Hand

3,25,80,689

3,68,82,353

ii)       Cash in ATM

2,13,75,900

1,28,99,300

ii)       Cash with Reserve Bank of India

0

0

iii)      Cash with State Bank of India & Corresponding new Banks

12,72,00,427

9,40,10,049

iv)     Cash with Central Co-operative Bank

4,25,05,119

98,23,619

Total

22,36,62,135

15,36,15,321

 

Schedule 8.2 – BALANCE WITH BANKS AND MONEY at CALL AND SHORT NOTICE

 

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

i)     Current Deposits

14,00,02,684

5,70,67,000

ii)       Saving Bank Deposits

0

0

iii)      Fixed Deposits (Including `6.25cr pledge with HDFC Bank Ltd for settlement of RTGS/NEFT,ATM,PoS,E-Com,IMPS & Treasury operations)

22,89,41,985

39,89,40,288

Total

36,89,44,669

45,60,07,288

 

 

 

 

 

 

Schedule 9 – INVESTMENTS

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I. Investment in India in

 

 

(i)   Government Securities

Face Value – 11577.00 Lakh

Market Value – 11689.59 Lakh

113,37,41,194

111,34,67,984

(ii)  Other approved securities

0

0

(iii) Shares

Shares in Co-operative Institutions

11,000

11,000

(iv) Debentures and Bonds

0

0

(v)  Subsidiaries and/or joint ventures

0

0

(vi) Others (to be specified)

Units of Mutual Funds (Liquid Fund Scheme)

27,50,00,000

28,50,00,000

Total

140,87,52,194

139,84,78,984

 

Schedule 10 – ADVANCES

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

A.          

 

 

I.       Bills purchased and discounted

0

0

II.      Cash Credits, Overdrafts and loans repayable on demand

57,11,09,749

54,61,81,911

III.     Term Loans

137,88,74,907

106,22,19,969

Total

194,99,84,656

160,84,01,880

B.          

 

 

I.        Secured by tangible Assets

1,92,07,28,930

1,57,94,15,577

II.      Covered by Bank/Government

2,82,26,085

2,76,46,905

III.     Unsecured

10,29,641

13,39,398

Total

194,99,84,656

160,84,01,880

C.  (I) Advances in India

 

 

I.        Priority Sector

122,87,51,791

106,47,19,775

II.      Public Sector

0

0

III.     Banks

0

0

IV.    Others

72,12,32,865

54,36,82,105

IV.    Covered by Bank/Government

0

0

Total

194,99,84,656

160,84,01,880

C.  (II) Advances outside India

 

 

I.       Due from banks

0

0

II.      Due from others

0

0

(a)   Bills purchased and discounted

0

0

(b)   Syndicated loans

0

0

(c)   Others

0

0

Total

0

0

Grand Total(C.I and II)

194,99,84,656

160,84,01,880

 

 

 

 

Schedule 11 – INTEREST RECEIVABLE

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.        Interest Receivable

 

 

a.     On Investment (Govt. Securities)

1,59,84,377

1,51,91,518

b.     On Balance with other Inter-Bank Funds

80,60,703

2,27,62,290

c.     On Loan & Advances (Standard)

90,49,337

87,42,450

d.     On Loan & Advances (Overdue Int & Charges)

94,99,911

1,41,25,965

Total (a+b-c-d)

4,25,94,328

6,08,22,223

 

 

Schedule 12 – FIXED ASSETS

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.       Premises

 

 

a.     At cost as on 31st March 2022

1,27,15,145

1,28,92,838

b.     Additions during the year

0

2,50,000

c.     Deductions during the year

0

0

d.     Depreciation to date

3,97,424

4,27,693

Total (a+b-c-d)

1,23,17,721

1,27,15,145

II.      Other Fixed Assets (Including F&F)

 

 

a.     At cost as on 31st March 2022

1,62,72,468

1,60,14,848

b.     Additions during the year

1,05,29,017

50,23,565

c.     Deductions during the year

1,235

14

d.     Depreciation to date

61,99,876

47,65,931

Total (a+b-c-d)

2,06,00,374

1,62,72,468

Total (I and II)

3,29,18,095

2,89,87,613

 

 

Schedule 13 – OTHER ASSETS

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.    Inter-office adjustment (net)

0

0

II.   Tax Paid in advance/tax deducted at source

2,01,86,916

1,77,11,775

III.  Stationery and stamps

13,57,951

11,72,299

IV. Non-banking assets acquire in satisfaction of claims

0

0

V.  Others*

2,20,95,405

1,73,73,447

Total

4,36,40,272

3,62,57,521

 

 

 

 

 

 

 

 

 

 

 

Schedule 14 – CONTINGENT LIABILITIES

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I. Claim against the bank not acknowledge as debts

0

0

II.   Liability for partly paid investment

0

0

III.  Liability on account of outstanding forward exchange contracts

0

0

IV. Guarantees given on behalf of constituents

(a)   In India

(b)   Outside India

25,000

0

25,000

0

V.  Acceptances, endorsements and other obligations

0

0

VI. Unclaimed Liabilities under DEAF Scheme

3,31,85,995

2,60,45,547

VII.   Other Items for which the Bank is contingently  Liable – Arrear Charges Payable

8,18,525

5,28,268

Total

3,40,29,520

2,65,98,815

 

 

Schedule 15 – INTEREST EARNED

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.    Interest/discount on advances/bills

20,07,09,461

18,03,25,752

II.   Income from investments

10,23,28,673

9,60,91,787

III.  Interest on balance with RBI and other inter-bank funds

2,19,53,934

2,52,72,253

IV. Others

0

0

Total

32,49,92,068

30,16,89,792

 

 

Schedule 16 – OTHER INCOME

(Amount In `)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.    Commission, exchange and brokerage

37,23,332

45,85,777

II.   Profit on sale of investments

Less : Loss on investments

0

0

III.  Profit on revaluation of investments

0

0

IV. Profit on sale of land, buildings and other assets

Less : Loss on sale of land, buildings and other assets

1,34,765

1,09,186

V.  Profit on exchange transactions

Less : Loss on exchange transactions

0

0

VI. Income earned by way of dividends, etc.

from subsidiaries/companies and/or joint ventures abroad/in India

0

0

VII.   Interest received on I.T. refund

0

0

VIII.  Miscellaneous Income

85,27,208

1,05,59,980

Total

1,23,85,305

1,52,54,943

Note : Under items II to V loss figures shall be shown in brackets.

 

 

 

 

 

 

 

Schedule 17 – INTEREST EXPENDED

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.    Interest on deposits (Fixed & RD)

13,43,72,160

14,31,72,465

II.   Interest on deposits (Saving)

2,69,03,517

2,69,78,817

III.  Interest on RBI/inter-bank borrowings

0

0

IV. Others

0

0

Total

16,12,75,677

17,01,51,282

 

 

Schedule 18 – OPERATING EXPENSES

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I. Payment to and provisions for employees

5,56,24,393

4,95,64,004

I. Rent, taxes and lighting

82,83,255

68,75,941

II.      Printing and stationery

9,08,293

8,19,718

III.     Advertisement and publicity

18,59,716

7,27,320

IV.    Depreciation on bank’s property

65,97,300

51,93,624

V.     Director’s fees, allowances and expenses

6,55,565

4,28,053

VI. Auditors’ fees and expenses (including branch auditors)

9,89,952

12,82,430

VII.   Law charges

5,20,047

4,16,452

VIII.  Postages, Telegrams, Telephones, etc.

4,96,247

5,60,448

IX.    Repairs and maintenance

12,59,937

5,83,218

X.     Insurance

44,36,585

42,75,857

a.     Premium Paid to DICGC

--- 41,07,344

--- 40,35,605

b.     All other Insurance Premium

---   3,29,241

---   2,40,252

XI.    Amortization of Premium paid on Investment

34,124

29,541

XII.   Other expenditure

1,04,94,002

78,20,962

Total

9,21,59,416

7,85,77,568

 

Schedule 19 – PROVISION MADE

(Amount In ₹)

Particulars

As on 31.3.2023 (current year)

As on 31.3.2022 (previous year)

I.       Provision for Special Reserve u/s 36(1)(viii)of IT Act

15,00,000

13,50,000

II.      Provision for Deferred Tax Liability

3,77,520

3,39,768

III.     Provision for IDR

16,30,773

19,10,548

IV.    Provision for Bad & Doubtful Debts

63,00,000

49,96,000

V.     Provision for Standard Assets

14,43,821

3,84,414

VI.    Provision for NPA

0

0

VII.   Provision for Contingent Liability

0

7,92,860

VIII.  Provision for Cyber/ATM Fraud

3,64,000

0

IX.    Provision for I.T. on Profit

1,89,24,721

1,46,45,689

Total

3,05,40,835

2,44,19,279

 

 

 

(Sh Parmanand Bhatt)

(Statutory Auditor)                                                                   Chief Executive Officer