Banking Regulation Act, 1949 — back to Table of Contents
The Third Schedule — Forms of Balance Sheet and Profit and Loss Account
(Section 29)
Form A — Form of Balance Sheet
Balance Sheet of ___________ (enter name of banking company)
Balance Sheet as on 31st March, ___ (Year) — (‘ 000s omitted)
Capital and Liabilities (with corresponding Schedule numbers) — Capital (Schedule 1); Reserves and Surplus (Schedule 2); Deposits (Schedule 3); Borrowings (Schedule 4); Other Liabilities and Provisions (Schedule 5); Total.
Assets — Cash and Balances with Reserve Bank of India (Schedule 6); Balances with Banks and Money at Call and Short Notice (Schedule 7); Investments (Schedule 8); Advances (Schedule 9); Fixed Assets (Schedule 10); Other Assets (Schedule 11); Total.
Contingent Liabilities (Schedule 12); Bills for Collection.
Each line item is shown for the current year and the previous year as on 31 March.
Schedule 1 — Capital. I. For nationalised banks: Capital (fully owned by Central Government). II. For banks incorporated outside India: (i) Capital (start-up capital brought in as prescribed by RBI); (ii) amount of deposit kept with the RBI under section 11(2) of the Act; Total. III. For other banks: Authorised capital (___ shares of Rs. ___ each); Issued capital; Subscribed capital; Called-up capital; less Calls unpaid; add Forfeited shares.
Schedule 2 — Reserves and surplus. I. Statutory reserves (opening balance, additions, deductions); II. Capital reserves; III. Share premium; IV. Revenue and other reserves; V. Balance in Profit and Loss Account; Total (I+II+III+IV+V).
Schedule 3 — Deposits. A. I. Demand deposits (from banks / from others); II. Savings bank deposits; III. Term deposits (from banks / from others); Total (I+II+III). B. (i) Deposits of branches in India; (ii) Deposits of branches outside India; Total.
Schedule 4 — Borrowings. I. Borrowings in India (Reserve Bank of India; other banks; other institutions and agencies); II. Borrowings outside India; Total (I+II). Secured borrowings included in I and II above — Rs. ___.
Schedule 5 — Other liabilities and provisions. I. Bills payable; II. Inter-office adjustments (net); III. Interest accrued; IV. Others (including provisions); Total.
Schedule 6 — Cash and balances with Reserve Bank of India. Cash in hand (including foreign currency notes); Balances with Reserve Bank of India (i) in current account, (ii) in other accounts; Total (I+II).
Schedule 7 — Balances with banks and money at call and short notice. I. In India: (i) balances with banks (a) current accounts, (b) other deposit accounts; (ii) money at call and short notice (a) with banks, (b) with other institutions; Total. II. Outside India: (i) current accounts; (ii) other deposit accounts; (iii) money at call and short notice; Total. Grand Total (I+II).
Schedule 8 — Investments. I. Investment in India in: (i) government securities; (ii) other approved securities; (iii) shares; (iv) debentures and bonds; (v) subsidiaries and/or joint ventures; (vi) other (to be specified); Total. II. Investment outside India in: (i) government securities (including local authorities); (ii) subsidiaries and/or joint ventures abroad; (iii) other investments (to be specified); Total. Grand Total (I+II).
Schedule 9 — Advances. A. (i) Bills purchased and discounted; (ii) cash credits, overdrafts and loans repayable on demand; (iii) term loans; Total. B. (i) Secured by tangible assets; (ii) covered by bank/government guarantees; (iii) unsecured; Total. C.I. Advances in India: (i) priority sector; (ii) public sector; (iii) banks; (iv) others; Total. C.II. Advances outside India: (i) due from banks; (ii) due from others — (a) bills purchased and discounted, (b) syndicated loans, (c) others; Total. Grand Total (C.I+C.II).
Schedule 10 — Fixed assets. I. Premises: at cost as on 31 March of the preceding year; additions during the year; deductions during the year; depreciation to date. II. Other fixed assets (including furniture and fixtures): same structure. Total (I+II).
Schedule 11 — Other assets. I. Inter-office adjustment (net); II. Interest accrued; III. Tax paid in advance / tax deducted at source; IV. Stationery and stamps; V. Non-banking assets acquired in satisfaction of claims; VI. Others; Total. (Any unadjusted balance of loss may be shown under this item with an appropriate footnote.)
Schedule 12 — Contingent liabilities. I. Claims against the bank not acknowledged as debts; II. Liability for partly paid investments; III. Liability on account of outstanding forward exchange contracts; IV. Guarantees given on behalf of constituents (in India / outside India); V. Acceptances, endorsements and other obligations; VI. Other items for which the bank is liable; Total.
Form B — Profit and Loss Account for the year ended 31st March (year)
I. Income — Interest earned (Schedule 13); Other income (Schedule 14); Total.
II. Expenditure — Interest expended (Schedule 15); Operating expenses (Schedule 16); Provisions and contingencies; Total.
III. Profit/Loss — Net profit/loss (−) for the year; Profit/loss (−) brought forward; Total.
IV. Appropriations — Transfer to statutory reserves; Transfer to other reserves; Transfer to Government/proposed dividend; Balance carried over to Balance Sheet; Total.
Each line item is shown for the current year and the previous year, ended 31 March.
Schedule 13 — Interest earned. I. Interest/discount on advances/bills; II. Income on investments; III. Interest on balances with Reserve Bank of India and other inter-bank funds; IV. Others; Total.
Schedule 14 — Other income. I. Commission, exchange and brokerage; II. Profit on sale of investments (less loss on sale of investments); III. Profit on revaluation of investments (less loss on revaluation of investments); IV. Profit on sale of land, buildings and other assets (less loss on sale); V. Profit on exchange transactions (less loss on exchange transactions); VI. Income earned by way of dividends etc. from subsidiaries/companies and/or joint ventures abroad/in India; VII. Miscellaneous income; Total. (Note: under items II to V, loss figures may be shown in brackets.)
Schedule 15 — Interest expended. I. Interest on deposits; II. Interest on Reserve Bank of India/inter-bank borrowings; III. Others; Total.
Schedule 16 — Operating expenses. I. Payments to and provisions for employees; II. Rent, taxes and lighting; III. Printing and stationery; IV. Advertisement and publicity; V. Depreciation on bank’s property; VI. Directors’ fees, allowances and expenses; VII. Auditors’ fees and expenses (including branch auditors); VIII. Law charges; IX. Postages, telegrams, telephones, etc.; X. Repairs and maintenance; XI. Insurance; XII. Other expenditure; Total.
Note: For co-operative banks, section 56(zl) substitutes a different, adapted form for Schedule III (and Schedule IV as it relates to co-operative bank accounts). The Third Schedule reflects the standardised vertical balance-sheet and profit-and-loss format banks in India have used since the 1991 revision aligning bank reporting with the RBI’s disclosure framework.
