Central Bank of India Basel II Disclosures

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As you are looking for latest Basel II Disclosures of Central Bank of India, so here I am providing Basel II Disclosures:

Latest Basel II Disclosures of Central Bank of India
(As on 31.03.2017)

SCOPE OF APPLICATION

Qualitative Disclosures:
a. Parent Bank: Central Bank of India
The disclosure in this sheet pertains to Central Bank of India on solo basis.

b. In the consolidated accounts, bank?s subsidiaries/associates are treated as under:
(b.i) Bank?s Subsidiary: The details of Bank?s subsidiary are as under:

Name of Subsidiary Ownership
Cent Bank Home Finance Ltd. 64.40%
Cent Bank Financial Services Ltd 100%

The subsidiaries of parent bank are consolidated on line by line aggregation of like items of assets, liabilities, income and expenses of subsidiaries with the respective item of the parent and after eliminating material intra-group balances/transactions, unrealized profit/loss and making necessary adjustments wherever possible to confirm to accounting policies, based on data received from these subsidiaries duly certified by their respective auditors. The financial statements of the subsidiaries have been drawn up to the same reporting date as that of parent i.e. 31st March 2017. The accounting standard followed for the consolidation of the financial statements of subsidiaries is AS- 21.

( b.ii) Associates: The Banks associates are as under:

Name of Regional Rural Banks Ownership
Regional Rural Banks
Central Madhyapradesh Gramin Bank, Chhindwara 35%
Uttar Bihar Gramin Bank, Muzzaffarpur 35%
Uttarbanga Kshetriya Gram Bank, Cooch Bihar 35%

Indo-Zambia Bank Ltd., Zambia. 20%

The accounting standard followed for accounting for investments in Associates in consolidated financial statements is as per AS-23 issued by ICAI. The method followed is equity

The financial statement of INDO Zambia Bank Ltd., considered as an associate has been prepared in accordance with the International Financial Reporting Standard. All Regional
Rural Bank and one associate are in the nature of financial entities.

For computation of CRAR of the Bank, investment in Subsidiaries and Regional Rural
Banks are deducted from Tier I and Tier II capital equally.

CRAR is calculated for bank on standalone basis.

Quantitative Disclosures
c) The aggregate amount of capital deficiencies in all subsidiaries not included in the consolidation i.e. that are deducted and the name(s) of such subsidiaries: NIL

(d) The aggregate amounts (e.g. current book value) of the bank?s total interests in insurance entities, which are risk-weighted as well as their name, their country of incorporation or residence, the proportion of ownership interest and, if different, the proportion of voting power in these entities is NIL.

Latest Basel II Disclosures of Central Bank of India