Page 176 - Demo

v. inDeBteDneSS
Indebtedness of the Bank including interest outstanding / accrued but not due for payment
Particulars
Secured (TL/NCD) excluding
deposits
unsecured (TL/NCD)
Deposit *
total Indebtedness
i) Principal Amount
ii) Interest due but not paid
iii) Interest accrued but not due
Total (a = i + ii + iii)
Addition
Reduction
Net Change (b)
i) Principal Amount (a + b)
ii) Interest due but not paid
iii) Interest accrued but not due
Total (i + ii + iii)
-
304.46
(304.46)
870 -
1,487.22 -
(617.22) -
Indebtedness at the beginning of the financial year (April 01, 2019)
350.59 3,815.50 -
- - -
8.66 41.07 -
359.25 3,856.57 -
Changes in Indebtedness of principal during the financial year
(` in Crores)
4,166.09
-
49.73
4,215.82
870
1,791.68
(921.68)
3,244.41
-
57.05
3,301.46
Indebtedness at the end of the financial year (March 31, 2020)
46.13 3,198.28 -
- - -
0.83 56.22 -
46.96 3,254.5 -
* Section 73 (1) of the Companies Act, 2013, states that the provisions of the said Act relating to acceptance of deposits by companies do not apply to a Banking Company as defined in the Reserve Bank of India Act, 1934. Accordingly, information relating to the Bank’s deposits is not disclosed in the table above. As per the applicable provisions of the Banking Regulation Act, 1949, details of the Bank’s deposits have been included under Schedule 3 - Deposits, in the financial statements of the Bank.
vi. remuneratiOn Of DirectOrS anD key managerial PerSOnnel
A. Remuneration to Managing Director, Whole Time Directors and / or Manager:
Sr. no.
Particulars of Remuneration
Name of Managing Director
Total Amount
1. Gross Salary
(a) Salary as per provisions contained in section
17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) of the
Income-Tax Act, 1961
(c) profits in lieu of salary u/s 17(3) of the Income-
Tax Act, 1961
2. Stock option (nos.)***
3. Sweatequity
4. Commission
- As % of profit - other, specify
Total (A)
Ceiling as per schedule V of the Companies Act, 2013
Mr. Samit Kumar Ghosh*
34,063,200
-
-
-
34,063,200
Mr. nitin Chugh**
8,695,330
3,798,697
-
-
8,695,330
(`)
42,758,530
3,798,697
-
-
42,758,530
*April 01, 2019 till november 30, 2019
**As president of the Bank from August 17, 2019 to november 30, 2019 and as Managing Director and Ceo from December 01, 2019 ***Sign-on grant was given at an exercise price of `35 per stock option basis RBI approval; vesting during financial year 2020 and financial year 2021
Remuneration is within the ceiling prescribed under Section 197 read with Schedule V of the Companies Act, 2013
174 | AnnuAl RepoRt 2019-20