Karnataka Vikas Grameen Bank

Welcome to Karnataka Vikas Grameena Bank!

News

Keep more of your money next month. Consolidate your debt with a low-rate home equity loan. Learn more.

AUDITED BALANCE SHEET , PROFIT & LOSS ACCOUNT

FOR THE YEAR ENDED 31.03.2011.

BALANCE SHEET AS AT 31/03/2011
Capital & Liabilities	Schedule	As on 31/03/2010	As on 31/03/2011
(Rs.000’s Omitted)
Capital	1	239732	239732
Reserves & Surplus	2	5919322	6871061
Deposits	3	44558669	54057019
Borrowings	4	7648729	11570610
Other Liabilities & Provisions	5	3555785	2251846
TOTAL	::	61922237	74990268

Properties & Assets	Schedule	As on 31/03/2010	As on 31/03/2011
Cash and Balance with Reserve Bank of India	6	3860896	3718204
Balance with Banks & Money at Call and Short notices	7	14087959	19631466
Investments	8	11937142	13657861
Advances	9	29875382	35482377
Fixed Assets	10	112845	115133
Other Assets	11	2048013	2385227
TOTAL	::	61922237	74990268
Contingent Liabilities	12	188869	241734
Bills for collection		231145	218557

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31/03/2011
(Rs.000’s Omitted)
Income & Expenditure	Schedule	As on 31/03/2010	As on 31/03/2011
I. INCOME
Interest earned	13	4115295	5289748
Other income	14	340310	459877
Reversal of excess BDD provision		39131	0
TOTAL		4494736	5749625

II. EXPENDITURE
Interest expended	15	2346257	2931323
Operating expenses	16	1165184	1486516
Provisions & Contg.	17	351022	380049
TOTAL		3862463	4797888

III. PROFIT / LOSS :
Net profit for the year		632273	951737
Prior Period Income		0	0
Profit/Loss brought forward		1336800	1797708
TOTAL		1969073	2749445

IV. APPROPRIATIONS
Transfer to Statutory reserves		126455	190347
Transfer to Capital Reserve		5791	2515
Transfer to Investment Fluctation Reserve		2459	234
Transfer to Special Reserve u/s 36 (i)(viii) of I.T. Act		36660	61260
Balance carried Over		1797708	2495090
TOTAL		1969073	2749446