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Balanance Sheet


UTKAL GRAMEEN BANK ( Sponsored by State Bank of India) HEAD OFFICE,Club Para,Bolangir,PO/Dist- Bolangir,PIN-767001 AUDITED FINANCIAL RESULTS FOR THE YEAR 2018-19 BALANCE SHEET AS ON 31/03/2019
    (Rs. In thousand)  
CAPITAL & LIABILITIES Schedule As on 31.03.2019 (Current Year) As on 31.03.2018 (Previous Year)
Capital 1 4949233 3791931
Perpetual Bond 1(A) 81383 81383
Share Capital Deposit 1(B) 323367 0
Reserves & Surplus 2 NIL NIL
Deposits 3 64961540 58562751
Borrowings 4 64678 187116
Other Liabilities & Provisions 5 5288628 3580520
TOTAL   75668829 66203701
ASSETS      
Cash and Balances with Reserve Bank of India 6 3105879 2814779
Balances with Banks and Money at Call and Short Notice 7 4800215 6426053
Investments 8 32683472 23459666
Loans & Advances 9 24822387 26420501
Fixed Assets 10 92352 80962
Other Assets 11 10164524 7001740
TOTAL   75668829 66203701
Contingent Liabilities 12 447308 388991
Bills for Collection   NIL NIL
Principal Accounting Policies and Notes on Accounts 17 & 18    
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31st March, 2019
  Schedule As on 31.03.2019 (Current Year) As on 31.03.2018 ( Previous Year)
I. INCOME      
Interest earned 13 3855392 4865396
Other income 14 408206 434978
TOTAL   4263598 5300374
II. EXPENDITURE      
Interest expended 15 3283951 3258478
Operating expenses 16(A) 1581881 1634668
Provisions & contingencies 16(B) 3172084 1817607
TOTAL   8037916 6710753
III. PROFIT & LOSS      
Profit before tax   -3774318 -1410379
Less : Tax Provision      
Provision for Income Tax For the Financial Year   NIL NIL
Profit after Tax   -3774318 -1410379
Loss brought forward ( * ) -4465424 -3055045
TOTAL   -8239742 -4465424
Balance carried over to Balance Sheet   -8239742 -4465424
TOTAL   -8239742 -4465424
(1)Above financial results have been audited by the Statutory Central Auditors M/s Agasti & Associates.,BBSR in line with the guidelines issued by NABARD and signed by the SCA on 06.05.2019 and approved by the Board of Directors of the Bank (2) The Financial results have been arrived at as per the standard accounting principles and after considering provisions for Non Performing Assets/Standard Assets as per prudential norms issued by NABARD and other required provisions. Place: Bolangir ( Debaraja Mishra ) ( Ranjit Kumar Mishra ) Date:- 06/05/2019 ( General Manager I ) ( Chairman )                                                                                                                                                                      

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chairman.ugb@gmail.com