2. In terms of the above circular, urban co-operative banks (UCBs) having deposits of Rs.100 crore, were advised to disclose certain information as 'Notes on Accounts' to their Balance Sheet prepared in terms of Section 29 of the Banking Regulation Act,1949 (As Applicable to Co-operative Societies) effective from the year ending March 31, 2003. Subsequently, certain additional disclosures were also prescribed by circulars listed in the appendix.
3. It has now been decided to extend these disclosure requirements to all UCBs including tier I UCBs. Accordingly, all UCBs should disclose the information as detailed in Annex I as ‘Notes on Accounts’ to their Balance-Sheet effective from the year ending March 31, 2014.
iv) Advances against real estate, construction business, housing
v) Advances against shares & debentures
vi) Advances to directors, their relatives, companies / firms in which they are interested :
a) Fund-based. b) Non-fund based (Guarantees, L/C, etc.)
vii) Cost of Deposits: Average cost of deposits
a) Gross NPAs b) Net NPAs
ix) Movement in NPAs i.e., Gross and net NPAs as on Balance Sheet date for the current year vis-a-vis previous year. Net NPAs should be arrived at after deducting provisions held, interest suspense account etc.
a) Interest income as a percentage of working funds b) Non-interest income as a percentage of working funds c) Operating profit as a percentage of working funds d) Return on Assets e) Business (Deposits + Advances) per employee f) Profit per employee
xi) Provisions made towards NPAs, depreciation in investments, Standard Assets
xii) Movement in provisions: [i.e., Provisions as on Balance Sheet date for the current year (e.g.March 31, 2014 vis-a-vis previous year (e.g. March 31, 2013).]
a) Towards NPAs b) Towards depreciation on investments c) Towards standard assets
UCBs are also required to disclose the penalty imposed by RBI in the 'Notes on Accounts' to their Balance Sheet
xvi Restructured Accounts
UCBs are required to disclose in their published annual Balance Sheets, under "Notes on Accounts", information relating to number and amount of advances restructured, and the amount of diminution in the fair value of the restructured advances as per the format given below
UCBs are required to have in place comprehensive policy for revaluation of fixed assets owned by them. UCBs are required to disclose regarding the details of revaluation such as the original cost of the fixed assets subject to revaluation and accounting treatment for appreciation / depreciation etc. Banks are advised to make proper disclosure regarding changing the frequency of revaluation / method of depreciation for a particular class of asset. (UBD.PCB.MC.No.26/13.05.000/2006-07 dated January 09, 2007)