Page 271 - Demo

Notes to financial statements
for the year ended March 31, 2020
26.5 Computer software
the movement in fixed assets capitalized as computer software is given below:
opening balance (cost) Additions during the year Deduction during the year Depreciation to date
Balance at the end of the year
26.6 description of Contingent Liabilities:
i) Claims against the Bank not acknowledged as debt - taxation (Service tax)
- other legal cases
ii) Guarantees given on behalf of Constituents
iii) other items for which the Bank is contingently liable
FINANCIAL STATEMENTS
Particulars
As at 31/03/2020
1,151,981
As at 31/03/2019
237,466
-
(615,232)
774,215
Particulars
As at 31/03/2020
As at 31/03/2019
4,226
1,307
47,500
- Capital commitments not provided
- others - Cash Collateral - Securitization
Total
Claims against the Bank not acknowledged as debts - taxation
Claims against the Bank not acknowledged as debts - other legal cases
Guarantees given on behalf of constituents, acceptances, endorsements and other obligations
other items for which the Bank is contingently liable
(` in 000's)
987,566 164,415 -
(399,482)
752,499
(` in 000's)
4,226 1,876 2,500
231,807 68,124 308,533
the Bank is a party to various taxation matters in respect of which appeals are pending. the Bank expects the outcome of the appeals to be favourable based on decisions on similar issues in the previous years by the appellate authorities, based on the facts of the case and the provisions of Income tax Act, 1961.
the Bank is a party to various legal proceedings in the normal course of business. the Bank does not expect the outcome of these proceedings to have a material adverse effect on the Bank’s financial conditions, results of operations or cash flows.
As a part of its commercial banking activities, the Bank issues documentary credit and guarantees on behalf of its customers. Documentary credits such as letters of credit enhance the credit standing of the Bank’s customers. Guarantees generally represent irrevocable assurances that the Bank will make payments in the event of the customer failing to fulfil its financial or performance obligations.
these include: a) Credit enhancements in respect of securitised-outstanding loans; b) Bills rediscounted by the Bank; c) Capital commitments; d) underwriting commitments; e) Investment purchases pending settlement
154,295
-
207,328
Contingent liability
Brief description
269