ANNUAL REPORT

26th Annual Report 2023-2024 booklet download

JALORE NAGRIK SAHAKARI BANK LIMITED JALORE
Form – A
FORM OF BALANCE-SHEET(AUDITED)
Balance-Sheet as on Dated : 31.03.2024
			(Amount in `)
Capital and Liabilities	Schedule	Current Year 31.03.2024	Previous Year 31.03.2023
(1) Capital	1	145,787,250	127,954,850

(2) Reserve Fund & Other Reserves	2	417,230,193	345,445,449

(3) Principal/ Subsidiary State Partnership		0	0
Fund Account

(4) Deposits & Other Accounts	3	3,745,511,083	3,250,649,465

(5) Borrowings	4	0	0

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

(7) Other Liabilities	5	184,029,216	156,126,965
of which (7) Interest Payable on Deposits		160,309,576	128,953,201

(8) Branch Adjustments		0	0

(9) Provisions	6	121,005,073	136,918,175
of which (8) Overdue Interest on Loans & Advances (As per Contra)		8,612,455	9,499,911

(10) Profit & Loss	7	65,660,006	53,401,445

Total		4,679,222,821	4,071,046,349

Contingent Liabilities :	14
--- Bank Guarantees		25,000	25,000
--- Depositor Education & Awareness Fund		41,033,175	33,185,995
--- Others : Arrear Charges Payable		912,430	818,525

As per Audit Report of even date : 29-May-2024
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 : 24412916BKFWDX2679


			(Amount in `)
Property and Assets	Schedule	Current Year 31.03.2024	Previous Year 31.03.2023
(1) Cash & Cash Equivalents	8.1	216,990,744	223,662,135

(2) Balances with other Banks	8.2	462,276,856	368,944,669

(3) Money at Call and Short Notice		0	0

(4) Investments	9	1,336,097,419	1,408,752,194

(5) Investments out of Principal/ Subsidiary		0	0
State Partnership Fund Account

(6) Advances	10	2,511,214,703	1,949,984,656

(7) Interest Receivable	11	52,066,096	42,594,328
i. On Investments		35,111,674	24,045,080
ii. On Loans & Advances (Standard)		8,341,967	9,049,337
iii. On Loans & Advances (Overdue Interest & Charges)		8,612,455	9,499,911
(8) Bills Receivable Being Bills for Collection as per Contra		0	550,000

(9) Branch Adjustments		0	0

(10) Fixed Assets	12	54,536,482	32,918,095

(12) Other Assets	13	46,040,521	43,640,272

Total		4,679,222,821	4,071,046,349

As per Audit Report of even date : 29-May-2024
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 : 24412916BKFWDX2679

JALORE NAGRIK SAHAKARI BANK LIMITED JALORE
FORM B
Form of Profit and Loss Account
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31.03.2024
			(Amount in `)
I. Income	Schedule	Current Year 31.03.2024	Previous Year 31.03.2023
(1) Interest & Discount	15	379,994,424	324,992,068

(2) Other Income	16	14,239,705	12,385,305
a. Commission		4,859,372	3,723,332
b. Profit on sale of fixed assets		131,456	134,765
c. Interest on I.T. refund		0	0
d. Miscellaneous Income		9,248,877	8,527,208

Total		394,234,129	337,377,373

II. Expenditure
(1) Interest on Deposits, Borrowings, etc.	17	196,360,142	161,275,677

(2) Operating Expended	18	97,490,665	92,159,416

(3) Provision & Contingencies	19	34,723,316	30,540,835

Total		328,574,123	283,975,928

III. Profit/Loss
(1) Net Profit for the Year	7	65,660,006	53,401,445

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

Net Profit carried to Balance Sheet		65,660,006	53,401,445

As per Audit Report of even date : 29-May-2024
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 : 24412916BKFWDX2679

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, 2024

Schedule 1 – CAPITAL

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (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 (14,57,872 Shares of Rs 100/- each) (Previous Year 12,79,548 Shares)	14,57,87,250	12,79,54,850
Subscribed Capital (14,57,872 Shares of Rs 100/- each) (Previous Year 12,79,548 Shares)	14,57,87,250	12,79,54,850
Called-up Capital (14,57,872 Shares of Rs 100/- each) (Previous Year 12,79,548 Shares)	14,57,87,250	12,79,54,850
Less : Calls Unpaid ( ------ Shares of Rs ----- each)	0	0
Add: Forfeited shares ( ------ Shares of Rs ----- each)	0	0
Total	14,57,87,250	12,79,54,850

Schedule 2 – RESERVE FUND & OTHER RESERVES

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
I) Statutory Reserve	15,17,37,729	13,61,69,848
II) Building Fund	5,19,22,595	4,19,22,595
III) Bad & Doubtful Debt Reserve	4,40,81,329	7,65,30,691
IV) Other Fund & Reserve
a) General Reserve	12,69,42,131	3,75,15,632
b) Dividend Equalization Fund	0	22,86,707
c) Investment Fluctuation Reserve	3,59,56,400	3,34,56,400
d) Charity Fund	5,70,500	30,70,500
e) Staff Welfare Fund	14,19,509	64,64,949
f) Members Welfare Fund	6,00,000	36,00,000
g) Co-operative Education Fund	0	14,28,127
h) Director Awareness & Education Fund	0	0
i) Cyber Security & I.T. Fund	40,00,000	30,00,000
Total	41,72,30,193	34,54,45,449

Schedule 3 – DEPOSITS & OTHER ACCOUNTS

(Amount In ₹)

Particulafrs	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
I) Fixed Deposits :
a) Individuals & Others	240,85,53,106	200,33,83,049
b) Other Societies	14,69,39,954	12,29,13,995
Total (I)	255,54,93,060	212,62,97,044
II) Saving Bank Deposits :
c) Individuals & Others	94,02,01,792	90,82,39,492
d) Other Societies	6,62,64,769	4,59,55,895
Total (II)	100,64,66,561	95,41,95,387
III) Current Deposits :
e) Individuals & Others	17,64,78,611	15,88,27,406
f) Credit Balance of Loan A/c	47,71,321	59,64,441
g) Other Societies	23,01,530	53,65,187
Total (III)	18,35,51,462	17,01,57,034
Total (I+II+III)	374,55,11,083	325,06,49,465

Schedule 4 – BORROWINGS

(Amount In ₹)

Particulafrs	As on 31.3.2024 (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 31.3.2024 (current year)	As on 31.3.2023 (previous year)
I) Interest Payable on Deposits	16,03,09,576	12,89,53,201
II) Bills Payable	63,10,833	1,43,82,508
III) Unclaimed Dividends	37,14,699	43,90,789
IV) Sundry Creditors	62,06,843	33,52,512
V) Deferred Tax Liability	15,28,842	10,63,234
VI) Settlement Account (Digital Channels & Others)	0	50,000
VII) Other Items
a) Share Application Money	1,110	2,110
b) TDS Payable	28,77,414	14,93,972
c) Audit Fee Payable	1,80,000	2,06,620
d) Share Capital Payable	3,05,475	3,05,475
e) GST Payable	9,54,295	7,28,829
f) HDFC Bank DD Payable	10,72,865	10,92,352
g) PMSBY & PMJJBY	0	28,769
h) Unclaimed Deposits	5,67,264	76,594
Total	18,40,29,216	15,61,26,965

Schedule 6 – PROVISIONS

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
I) For Standard Assets	1,04,16,981	78,58,781
II) For NPA	4,33,43,215	4,33,43,215
III) For Bad & Doubtful Debts	1,34,21,564	3,64,43,085
IV) For Investment Depreciation Reserve(IDR)	37,05,321	37,05,321
V) For Special Reserve u/s 36(1)(viii)of IT Act	60,50,000	42,00,000
VI) For Overdue Interest	86,12,455	94,99,911
VII) For Contingent Liability	35,30,860	35,30,860
VIII) For Bonus	11,08,611	10,60,723
IX) For Expenses	1,50,000	0
X) For Income Tax on Profit	2,23,14,508	1,89,24,721
XI) For Fraud	83,51,558	83,51,558
Total	12,10,05,073	13,69,18,175

Schedule 7 – PROFIT & LOSS

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Profit as per last Balance Sheet (a)	5,34,01,444.63	4,37,96,605.93
Less : Appropriation of profit for the year 2021-2022
Statutory Reserve Funds	1,33,50,361	1,09,49,151
Co-operative Education Fund	5,34,014	4,37,966
Bad & Doubtful Reserve	25,00,000	25,00,000
Dividends	1,19,80,095	1,16,38,235
Dividend Equalization Funds	0	0
Staff Welfare Funds	0	5,00,000
Charity Funds	0	2,00,000
Investment Fluctuation Reserve(IFR)	25,00,000	80,00,000
Members Welfare Funds	0	3,00,000
Cyber Security & I.T. Funds	10,00,000	15,00,000
Building Funds	1,00,00,000	75,00,000
General Reserve	1,15,36,974.63	2,71,253.93
(b)	5,34,01,444.63	4,37,96,605.93
(a)-(b)	0	0
Add : Profit for the year as per Profit & Loss Accounts	6,56,60,006.03	5,34,01,444.63

Schedule 8.1 – CASH

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
i) Cash in Hand	4,57,51,465	3,25,80,689
ii) Cash in ATM	1,67,79,900	2,13,75,900
iii) Cash in CDM	10,85,100	0
iv) Cash with Reserve Bank of India	0	0
v) Cash with State Bank of India & Corresponding new Banks	14,76,81,381	12,72,00,427
vi) Cash with Central Co-operative Bank	56,92,898	4,25,05,119
Total	21,69,90,744	22,36,62,135

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

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
i) Current Deposits	14,02,11,764	14,00,02,684
ii) Saving Bank Deposits	0	0
iii) Fixed Deposits (Including `6.63cr pledge with HDFC Bank Ltd for settlement of RTGS/NEFT,ATM,PoS,E-Com,IMPS,UPI & Treasury operations)	32,20,65,092	22,89,41,985
Total	46,22,76,856	36,89,44,669

Schedule 9 – INVESTMENTS

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Investment in India in
(i) Government Securities Face Value – 12277.00 Lakh Market Value – 12424.64 Lakh	120,35,86,319	113,37,41,194
(ii) Other approved securities	0	0
(iii) Shares Shares in Co-operative Institutions Shares of NCDFC – Umbrella Organization	11,100 25,00,000	11,000 0
(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)	13,00,00,000	27,50,00,000
Total	133,60,97,419	140,87,52,194

Schedule 10 – ADVANCES

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)

Bills purchased and discounted	0	0
Cash Credits, Overdrafts and loans repayable on demand	68,55,92,318	57,11,09,749
Term Loans	182,56,22,385	137,88,74,907
Total	251,12,14,703	194,99,84,656

Secured by tangible Assets	2,48,28,38,700	1,92,07,28,930
Covered by Bank/Government	2,76,73,279	2,82,26,085
Unsecured	7,02,724	10,29,641
Total	251,12,14,703	194,99,84,656
(I) Advances in India
Priority Sector	163,09,75,679	122,87,51,791
Public Sector	0	0
Banks	0	0
Others	88,02,39,024	72,12,32,865
Covered by Bank/Government	0	0
Total	251,12,14,703	194,99,84,656
(II) Advances outside India
Due from banks	0	0
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)	251,12,14,703	194,99,84,656

Schedule 11 – INTEREST RECEIVABLE

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Interest Receivable
On Investment (Govt. Securities)	1,67,03,180	1,59,84,377
On Balance with other Inter-Bank Funds	1,84,08,494	80,60,703
On Loan & Advances (Standard)	83,41,967	90,49,337
On Loan & Advances (Overdue Int & Charges)	86,12,455	94,99,911
Total (a+b-c-d)	5,20,66,096	4,25,94,328

Schedule 12 – FIXED ASSETS

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Premises
At cost as on 31st March 2023	1,23,17,721	1,27,15,145
Additions during the year	38,71,790	0
Deductions during the year	0	0
Depreciation to date	4,14,580	3,97,424
Total (a+b-c-d)	1,57,74,931	1,23,17,721
Other Fixed Assets (Including F&F)
At cost as on 31st March 2023	2,06,00,374	1,62,72,468
Additions during the year	2,68,80,095	1,05,29,017
Deductions during the year	36	1,235
Depreciation to date	87,18,882	61,99,876
Total (a+b-c-d)	3,87,61,551	2,06,00,374
Total (I and II)	5,45,36,482	3,29,18,095

Schedule 13 – OTHER ASSETS

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Inter-office adjustment (net)	0	0
Tax Paid in advance/tax deducted at source	2,29,79,118	2,01,86,916
Stationery and stamps	13,23,729	13,57,951
Non-banking assets acquire in satisfaction of claims	0	0
Others*	2,17,37,674	2,20,95,405
Total	4,60,40,521	4,36,40,272

Schedule 14 – CONTINGENT LIABILITIES

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Claim against the bank not acknowledge as debts	0	0
Liability for partly paid investment	0	0
Liability on account of outstanding forward exchange contracts	0	0
Guarantees given on behalf of constituents (a) In India (b) Outside India	25,000 0	25,000 0
Acceptances, endorsements and other obligations	0	0
Unclaimed Liabilities under DEAF Scheme	4,10,33,175	3,31,85,995
Other Items for which the Bank is contingently Liable – Arrear Charges Payable	9,12,430	8,18,525
Total	4,19,70,605	3,40,29,520

Schedule 15 – INTEREST EARNED

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Interest/discount on advances/bills	24,88,26,706	20,07,09,461
Income from investments	10,85,62,273	10,23,28,673
Interest on balance with RBI and other inter-bank funds	2,26,05,445	2,19,53,934
Others	0	0
Total	37,99,94,424	32,49,92,068

Schedule 16 – OTHER INCOME

(Amount In `)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Commission, exchange and brokerage	48,59,372	37,23,332
Profit on sale of investments Less : Loss on investments	0	0
Profit on revaluation of investments	0	0
Profit on sale of land, buildings and other assets Less : Loss on sale of land, buildings and other assets	1,31,456	1,34,765
Profit on exchange transactions Less : Loss on exchange transactions	0	0
Income earned by way of dividends, etc. from subsidiaries/companies and/or joint ventures abroad/in India	0	0
Interest received on I.T. refund	0	0
Miscellaneous Income	92,48,877	85,27,208
Total	1,42,39,705	1,23,85,305

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

Schedule 17 – INTEREST EXPENDED

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Interest on deposits (Fixed & RD)	16,60,53,011	13,43,72,160
Interest on deposits (Saving)	3,03,07,049	2,69,03,517
Interest on RBI/inter-bank borrowings	82	0
Others	0	0
Total	19,63,60,142	16,12,75,677

Schedule 18 – OPERATING EXPENSES

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Payment to and provisions for employees	5,44,04,817	5,56,24,393
Rent, taxes and lighting	85,49,237	82,83,255
Printing and stationery	17,28,770	9,08,293
Advertisement and publicity	20,91,232	18,59,716
Depreciation on bank’s property	91,33,462	65,97,300
Director’s fees, allowances and expenses	9,31,961	6,55,565
Auditors’ fees and expenses (including branch auditors)	11,41,858	9,89,952
Law charges	4,45,983	5,20,047
Postages, Telegrams, Telephones, etc.	9,11,088	4,96,247
Repairs and maintenance	9,56,003	12,59,937
Insurance	55,92,442	44,36,585
Premium Paid to DICGC	--- 45,77,626	--- 41,07,344
All other Insurance Premium	--- 10,14,816	--- 3,29,241
Amortization of Premium paid on Investment	34,125	34,124
Other expenditure	1,15,69,687	1,04,94,002
Total	9,74,90,665	9,21,59,416

Schedule 19 – PROVISION MADE

(Amount In ₹)

Particulars	As on 31.3.2024 (current year)	As on 31.3.2023 (previous year)
Provision for Special Reserve u/s 36(1)(viii)of IT Act	18,50,000	15,00,000
Provision for Deferred Tax Liability	4,65,608	3,77,520
Provision for IDR	0	16,30,773
Provision for Bad & Doubtful Debts	75,35,000	63,00,000
Provision for Standard Assets	25,58,200	14,43,821
Provision for NPA	0	0
Provision for Contingent Liability	0	0
Provision for Cyber/ATM Fraud	0	3,64,000
Provision for I.T. on Profit	2,23,14,508	1,89,24,721
Total	3,47,23,316	3,05,40,835

--sd--

--sd-- (Sh Parmanand Bhatt)

(Statutory Auditor) Chief Executive Officer