Page 265 - Demo

294,783
FINANCIAL STATEMENTS
Notes to financial statements
for the year ended March 31, 2020
experience Adjustments
plan Assets
Defined benefit obligation
Surplus/ (Deficit)
Actuarial (Gain)/ losses due to experience on Defined Benefit obligation
232,305
310,438
(78,133)
3,788
(` in 000's)
171,565
227,763
(56,198)
13,670
Particulars
As at 31/03/2020
As at 31/03/2019
As at 31/03/2018
444,552
(149,769)
(8,038)
the expected rate of return on assets is determined based on the assessment made at the beginning of the year on the return expected on its existing portfolio, along with the estimated increment to the plan assets and expected yield on the respective assets in the portfolio during the year.
Assets under Insurance Schemes 100%
(a) the estimates of future salary increases, considered in actuarial valuation, takes into account, inflation, seniority, promotions and other relevant factors, such as demand and supply in the employment market.
(b) During the current and previous year the Bank does not have unamortised gratuity and pension liability.
(c) Discount rate is based on the prevailing market yields of Indian Government Bonds as on the Balance Sheet date for the estimated term of the obligation.
21.2 Compensated Absences
the Actuarial liability of compensated absences of accumulated privileged leaves of the employees is given below:
Category of Plan Assets
As at 31/03/2020
As at 31/03/2019
100%
Particulars
As at 31/03/2020
As at 31/03/2019
privileged leave Actuarial liability
Assumptions
Discount Rate
Salary escalation Rate
21.3 defined Contribution Plans
(i) provident fund Contributed to the Authorities
(ii) pension fund Contributed to the Authorities
(` in 000's)
259,978
7.52% 9.00%
(` in 000's)
119,886 134,140
316,818
6.40%
9.00%
Amount recognised in the Statement of Profit and Loss
As at 31/03/2020
As at 31/03/2019
159,772
225,868
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