| 1. | Name of the Society /Urban Bank with
Registration Number |
THE KRANTHI CO-OPERATIVE URBAN BANK LTD. Regd. No.TBC -626 |
| 2. | Date of Registration | 04.01.1996 |
| 3. | Area of operation of the Society/Urban Bank | Ranga Reddy Dist . And Twin cities of Hyderabad and Secunderabad. |
| 4. | Date of Starting | 04.01.1996 under APCS Act.(Now. TSCS) 24.04.1996 by RBI |
| 5. | Date of commencement of Banking
Operations |
28.08.1996 |
| 6. | Postal address of the Society/Urban Bank | 7-4-158, 2ndFloor, Hotel Samrat Complex, Main Road, Balanagar, Hyderabad-500011, |
| 7. | Agency employed for Audit | M/S. Padarthi Venkatesh &Co |
| 8. | Name of the Auditor | CA. P.H.S.S.VENKATESH |
| 9. | H.O. of the Auditor | Hyderabad |
| 10. | Dates of Audit | 02.08.2021 to 07.08.2021 |
| 11. | Classification of the Society under the year of Audit |
Under Class “A “ |
| 12. | Membership of the Society/Urban Bank.
I. a. At the beginning of the year b. Admitted during the year c. Removed during the year d. At the end of the year II. Below 30 share Members |
No. of Members Share Amount 2284 2,79,56,100.00 152 9,84,500.00 24 2,36,500.00 2412 2,87,04,100.00 1756 9,56,350.00 |
| 13. | What is the Working Capital
of the Society/Urban Bank |
Rs. 4936.21 Lakhs |
| 14. | Maximum borrowing limits of the Society | (50) times of Paid-up Share Capital plus
Reserve Fund Minus bad debts reserve and accumulated losses. |
| 15. | Total Loans / Subsidy given by the Government to the bank. | Interest Ex-gratia on Moratorium period.
Rs. 101751.00 |
| 16. | Who is in-charge of the Cash Balance with reference to byelaws |
Manager & Cashier |
| 17. | Whether the cash balance verified | YES |
| 18. | Books of Accounts maintained by the
Society / Bank: |
List verified |
| 19. | Remarks of the Auditor | Enclosed to the report |
| 20.
|
Managing Committee Meetings | 12 Managing Committee Meetings held during the period from 01.04.2020 to 31.03.2021. |
| 21 | General Body Meetings in FY 2020-21
2ND AGM dt. 30-3-2021 |
1stAGM dt. 28.09.2020 |
| 22. | a).Rule 45 particulars
b).Variations between particulars and actual figures |
NA |
| 23. | Bad Debts Reserves against /
Estimated Bad Debts NPA’s, S.S.As, |
NPAs as on 31.03.2021 : Rs. 1,13,67,867.00
Prov. : Rs. 47,88,611.00 Net NPA % to Net Advances: 2.95% |
| 24. | Maintenance of Cash Reserves / Liquid Assets | Yes |
| 25. | Civil works undertaken If any under, if so furnish the details of Administrative sanctions etc. | NIL |
| 26. | Inspection of branches by the officers | YES- Concurrent Auditor |
| 27. | Inspection of Societies by the Bank | NA |
| 28. | Verification of Long Term Loans and
results of such verification |
YES |
| 29.
|
Disbursement of “B” component
Loans |
NA |
| 30.
|
Maintenance of Cash Balance as at
the end of the year |
Rs. 60,60,875.00 |
| 31. | Payment of Bonus / Ex gratia and their provision in Books of Accounts |
Yes |
| 32. | Creation of Reserve u/s 46 of TSCS Act |
Yes |
| 33. | Banks Net Worth as on 31.03.2021 | Rs.692.76 Lakhs |
| 34.
|
Reconciliation of Bank’s Inter Branch & Head Office vice-versa |
Reconciled |
| 35. | Reconciliation of Bank Accounts | Tallied as 31.03.2021 |
| 36.
|
Reconciliation of borrowings with APCCADB Bank / APCOB |
No borrowings from APCCADB / APCOB |
| 37. | Default to APCCADB / APCOB | NA |
| 38. | Verification of Cash Balances and Insurance cover |
Yes |
| 39. | Maintenance of Telephone and Trunk Call Register |
NA |
| 40. | Inspection of Physical units borrowers of Short and Medium Term advances. |
Yes |
| 41. | Approval of Section 116(c) | Proposal submitted to the RCS, AP, Hyd. |
| 42. | Classification of defects A &B | NA |
| 43. | Super checks and Long Term Loans | NA |
| 44. | Legal Action taken against over due
and amounts involved in Legal Action |
Notices under section 71(1) of the APCS Act 7 of 1964 issued against defaulters where ever needed and executing the recoveries . |
| 45. | Any irregularities noticed in
disbursement of loans including Non Farm Sector Loans |
NIL |
| 46. | Audit cost and its percentage on
Working Capital of the Bank |
Rs.0.002% |
| 47. | Audit cost and its percentage on total results and contingent charges | NA |
| 48. | Sanctioned Auditor’s strength | NA |
| 49. | Engagement of vehicles for hire | NIL |
| 50. | Collection of 1% towards charges on Short Term / Medium Term / Long Term over due loan recovered |
NA |
| 51. | Any misappropriation cases noticed during the Audit | NIL |
| 52. | Any special reports submitted | NIL |
| 53. | Any serious reports submitted | NIL |
| 54.
|
Any cases of infringement of byelaws, noticed during the year of Audit | NIL |
| 55. | Depreciation as per Income Tax rates | Written Down Value |
| 56. | Due to and Due by age wise | NIL |
| 57. | Any extension of Loans was given, if
So, details |
SIX MONTHS MORATORIUM IS GIVEN TO M/S SAMAD BATTERIES in accordance with RBI circular on Covid-19 |
| 58. | Unserviceable Assets | NIL |
| 59. | The Kranthi Co.Op. Urban Bank Ltd. staffing pattern | CEO-1, DY.CEO-1, AGM-1,
Branch Heads -2 ,Managers-3, Dy Manger-3 , Clerks 2 sub staff-2. |
| 60. | Incentives paid to the employees | NIL |
| 61 | Verification of Gold Loans | Yes |
| 62. | Test verification and utilization of
Loans |
YES
|
| 63. | Viability of Branches | Yes |
| 64. | Reconciliation Memos | Enclosed |
| 65. | Non Farm Sector loans
·Violations ·Over dues ·Action taken |
NIL
– – – |
| 66. | Marks to the President | NA |
| 67. | Audit objections &creation of reserve | NIL |
| 68. | Test checking of SAO Loans by the Officers of the Bank 5% | NA |
| 69. | Budgetary provisions | Approved by the Board |
| 70. | Seminars and Tours | NIL |
| 71. | D V Files verification | NA |
| 72. | Borrowings and Lending’s imbalance | NIL |
| 73. | I. Guidelines issued by APCOB &APPCCADB in the distribution and implementation of different program in physical and financial terms to the PACS
II. Deviation and defects in the implementation of programme if any, physical and financial terms (furnish details) |
NA
N.A |
