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Citibank N.A. ~ India branches Financial statements together with Auditor's Report for the year ended 31 March 2015 Citibank N.A. ~ India branches Financial statements together with Auditor’s Report for the year ended 31 March 2013 Contents Auto's Report lance Shost Proitand Loss Account Cash Flow Statement Schedules forming part f the eccouns ofthe Indian branches Pages Independent Auditor’s Report To the Chief Executive Officer of Citibank N.A. — India Branches Report an the Financhal Statements 1, We have audited th eonapanying Gnansiatltoments of Cink NA. ~ Ida Branctoy (the Bank’), which comprise the Balance Shes ax at 31 March 2015, the Profit and Loss Account, the Cash Flow Statement for the year thea ended, a summary of sipnifcant sccounting policies and other explanatory information, ‘Management's Responsbilty for the Financia Statements 2. -Managerent is responsible fr preparation of hese financial statements that give «tue and fair view of th fancial positon, financial performance and est flows of the Bank in ‘sccornce with provisions ofthe accounting principles generally accepted i India, inching {he Accounting Standards specified under seein 133 ofthe Companies Act 2013 the Act’) read with Rae 7 of te Companies (Accounts) Rules, 2014 und Section 29 of the Banking Regulation Act, 194) and cirelses and guidelines ianied by Reserve Bank of India (RBI) from time to time. This responsibilty also iechudes maintenance of adequate accounting recon in accordance withthe provisions ofthe Act fr safeguarding of the assets of the Hank and for preventing nd deecing frauds and oceriegularties,seletion and application of appropriate accountng policies, making judgments and estimates that are reasonable and ‘prudent, and the design, implementation and maintsnance of intemal financial eons hat ‘operte‘eflectvely fr ensuring the accuracy and completeness ofthe accounting records, relevant io the prepaston and presentation ofthe final statment tha give tre ad fit ‘view and are fee fon material misstatement, whether due to faud or emoe Auditor's Responsiiity 3, Oucresponsbly isto expres an opision on these nancial statements based on ou audi. We have taken ino account the applicable provisions ef the Act, the accountng and ating ‘sindards and matters which are ried be incdedin the audit report under tho provisions fof the Act and the Riles made thereunder. We conducted our audi ofthe Bank ineading ts ‘ranches in accordance with Standards on Auditing (he Standard’) specified under section 1H3(10) ofthe Act. Tose Standards require that we somply with chic rejuiements and plan and perform the auto obiain reasonable sssrance abot whether the financial sateen ae fee of material misstatement 4. An audit involves performing procscurs to obtain audit evidence about the amounts and Aiselosures in the fnoncal sttements. The procedures selected depend on the autor’ judgement, including the assessment of the risks of material misatement of the financial Nntemens, whether due fo fraud or evor. In making tose risk assesment, the auditor ‘considers intemal contol relevant the Ban's preparation ofthe rancal semen thst {ve x tue ane mr view in order to esipn sue procedures that ate appropiate the ‘reumstance, but nc forthe purpose of expressing an opinion cn wheter the Bank as in place an adequate itersal financial contol systern ove Financial reporting andthe opsating electiveness of such conrls. An audit also incides evaluating the appropiteness of sccountng policies wed and the reasonableness of accounting estimates made by managemtt, aswell as evaluating Oe overall presentation ofthe financial satements. 5, Werbelieve tat the aut evidence we have obtine i suficient and sppropite to provide @ bass for our adit opinion” Independent Auditor's Report (Continued) Citibank N.A. ~ India Branches Opinion 6. our opinion an tthe best of our information and according to the explanation given tous, @ o © the afresidfinancal statements give the information required by the Banking Repsaton ‘Act, 1949 as well athe Actin the manner so requied for barking companies and give a tue tnd fir view in confvmity with counting pinepes generally accepted i im the ase of the Balance Sheet, of the state of affirs of the Bank as at 31 Mars 2015; in the ease ofthe Profit and Loss account, ofthe profit af the Bank for the year ended or that date ard im the cae of he Cash Fow Statement, ofthe cash Nows ofthe Rank forthe year ended or tht date, Report on Other Legal and Regulatory Requirements “The Balance Sheet andthe Profit and Lass Account have been dawn up in accordance with he provisions of Section 29 ofthe Banking Regulation Act, 1949 read with Section 13 ofthe Act ed with Rule 7 ofthe Companies (Accounts) Rules, 2014 ‘As required sub section (3) of section 30 ofthe Banking Regulation Act, 1949, we report, 2 that @ ® © we have obtained all the information and explanations which, i thebestof our Inowedge an bit, were necessary forthe purpose of er au an hve fn them oe aif, te transitions of de Bank, which lave came to eur otis, have Been within the powers ofthe Bank; and uring dhe couse of ou aut we have vst 7 branches Since the key operations ofthe Bak are automated with th ey aplication integrated tothe coe banking stems, the audit is cated out cearaly as all the nocessary records and dat required forthe purposes of or audit are availabe therein. Further, s required hy section 1433) ofthe Act, we Farther report that: ® @ ww ‘%e have sought and obtained all the infomation and explanation which t the best ‘four knowledge and belie were necessary forthe purpose of our audits, in ou opinion, proper books of acount at required by fw have boon kept bythe Bank so farasappeurs ftom ou examination of those books; the financial accounting systems ofthe Bank are centralize and, herein, resus save not necessary to be submited by the branches Independent Auditor’s Report (Continued) Citibank N.A. — India Branches (iv) the Balace Sheet, the Profit and Loss Account and the Cash Flow Statement dealt with by his report are in agreement wih the books of ceount (9) nour opinion, he Balance Shes, the Profit and Loss Account and the Cash Flow Statemet dealt with by this port comply withthe Accounting Standards refered ‘Seat 133 uf the Ac teal wil Rute 7 ofthe Companies (AssouNS) Rules, 2014, tothe extent they are not incorsisent withthe accounting polices prescribd by RBI; (i) the requrements of Section 164(2) ofthe Act are not applicable considering the Bank isa branch of Citibank N.A, which is incomorate with Himited lity in United Sats of Americ; end (ii) with respect tthe other matters to be Jncldd in the Auiitor’s Report in asccordane wih Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in ‘our opinion and tthe best of our information and according tothe explanations sven 3s: (@) he Bank has disclosed the impact of pending litigations on it nani resin in its financial statements - Refer Sohedvle 18 » Note XX tothe Sinn satements; (©) te Bank has made provision, a8 required under the applicable lw or ‘scouting standards, for material freseable loses, IF any, on longterm ‘ontrnet including derivative contact = Refer Schedule 18 - Note XX to the financial statements and (©) there were no amounts which were roquied to be uansfered 1 the Investor Edvcation and Protection Fund by the Bank, For BSR& Co.LLP Chartered Accountants ICAI Fim Registration No: 101248W/W100022 Murti 26 hme 2015 “Membership No: 046882, (peed mt ty US) coins Late: Sipe econ Pin & Mowe este Fergani ttn a ae i main eas a, Sean — Sa, a soapsnate dias sz soszaeas Nana (herd na ay US) ‘ear 2 seanass ase smart ese aoe rom — a vom = sete ae Sr san ” Sis es ohn fer mn hgaartne et ai a rs gue Yruew oe ns ane Pramas rg Parte Nera an (mpage ess) ga tr yore sae sui seas ‘Seen ae ie a sim sua Potten tad sao) ‘ee roa ati Pro net he : os nae meets ona) snserenasaet, a6 ata oa pring ein “He wong tom esi Peer om ate ag tae ‘om sa007 tea data ee, oF a ‘aon nc mn tio ‘oman ono (sons) 06) oa ca eu eaten ayaa a ae ‘uk and many atl nd shot nee Pers Scheae 7) Fre Rogutncn Ne oraw xan Sein Pmt hee et a {imag pet fein wa Cn Shay om aoe a mentee aber te ye “i a z SEER ea cnnenne A : ore re a Pe a el Saar a winiamy “tobias ene 0 a ar ae —_— ose 44s Et atin te ty 4) es int et nn a td SCHEDULE RESERVES 8 SURLLE eon apt ear on sl anor proper ——"s stn ™ Geegowaetosucev eee Eber ge =e ner en 5 Seem = A Cuma Tom Ont 8 Bepaelaaete ins ‘Spa oe ue ‘retin ee) es ee site sat Eieies cn See ae — as ae (igre mise) ‘ere taming pa of om ss tn corned 1 Boonen se “Sar inehtone ans agers 1 aoewey clea ee nh foo te 20 Prins Yor Re 1%, Straten ap tr nine Seba 8-seYE “Shon ng nae) rome natty 684) sea gp thst of asa shone) ‘reins ina 1 Cas inten pst rns ses as nant somnee are 463768 roa. = ‘sn rowan —a vce ——— ee sme ones Boa : 17 Ger wee seas 18808 va ates sehr rem = a (prem oss 918) ‘shear enng thst tan ca (ot A 9p repent ne eae 8) Story att as ek at) Ih iecety Sot onan gucear i= cmaoraennen eon we see rae 8 a — ne was Tora [= ius. ‘So Seiaie 4 a ——_ie roma en ny 54) sp grt sc ft nan ba ttn seHEDULE1-FHEDABEET (cnn A he ic in ‘elo ag bee Dnata cxrcston ete Tapa srnena asa ou tin ri (ee'sncue chan yes sies surest seeing acer een ate 2) 1, Gi apt ro some’ (SSG) Serta acter eet a ee ‘reins ssa fie aise EE, (espero natty 9A) ‘ba orig pa ott an tnt ori matin echege not Sten a wt aera 1 at en eae 4, ot eb aroun ernae | aman eove emacs 1 etter & Eeiwecitne x Rettonannce IV arin tae ere ax Stain vi) Citibank N.A. Ancorparated with Lined Liability in U.S.A) Schedules forming part of the financial statements of the Indian branches forthe year ended Morch 31, 2015 ‘Schedule 18 Background “The aoompanying nasal satements forthe year sods March 21,2014 computed sccouns of Citbank NA. = Indi branches (ibe Bank’), a banking company under the onking Regulton Act, 1949, Cihank N.A. i incorporated wit ited ibility in he ‘United Stats of Ameren ‘The branches of he Bank as at Mach 31,2015 re at: Abmedabad, Alol, Aurangabad, Bengaluru (MG. Rosd and South End Road), Bhopal, Bhubaneshwar, Chindigah, Chennat (Anna Sala\ and Alwarpet), Coimbatore, Priabad Gurgaon, Indore, Jaipur, Islandhar, Koch, Kolkata (Braboure Road and Chowringhee oad), Lucknow, Ludhiana, Mumba (Lower Pare, Arde, Fr, ub, Khar, Vash and ‘Thane}, Nagpu, Nanded, Nandyal, Nasik, New Dethi (Cannaught Cites, Puja Bau, "Nehru aes, South Extension and Vasant Vihar), Noida, Paduchory, Pun, Hyderabad (S.P Road and Seilingampally Manda), Sura, Vadodara and Vapi. During the yar, new tranches were oened in Thane, Nagpur and Seilinampaly Mandal TL Basis of preparation ‘The financial statements have been propred and presented under the historical cost convention and on the accrual basis of secounting, ule otherwise sated, and comply ‘ith generally aceped accounting principles in India (GAAP), statutory requirements reseed under the Ranking Regulation Act, 149, creulars and guidelines issued by RET from time t tine, Accounting Standais (-AS") to the extent applicable and current practices within he banking industry in nda, The disclosures presented herein conti to the guidlines ld down in the Master Circular - Disclose in Financial Saements = "Note to Accounts (DBOD.BP.BC No. /21.04.018/ 2014-15 dated July 1.2014), ML Use of estimates ‘The prepantion of the financial statements in conformity with GAAP requires ‘management to make estimates and assumpdons that affect the repried smount of sts, Tables, revenas and expenses and disclouteofconingent ibis ca the date ofthe ‘inanial Statements. The estimates and asumptions wed in the sosompanying financial statements are hased upon management's evaluation of the relevant ‘ficts and ‘eumstinees as ofthe date ofthe nancial statements. Actual els may ifr Rom the fstimates used in preparing the accompanying financial stemens. Any revision to ‘ecouring estimates is recognized prospecively in. cient and. futre. periods Citibank N.A. (incorporated with Livted Liability in USA) ‘Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 ‘Schedule 18 (Continued) 1V. Significant accounting policies 1) Investments CCnssifcation and valuation ofthe Hank’s investments is cated out in acondunee with RBI Master Civular DBOD No BPBC2N 21 04.161/ 201415 dated July 1, 2016 and smendments then, Classification Invesiments ar classified as “Held to maturi” (HTM), ‘Avaleble for sale’ CAFS") or “Held for tadiag” CHET) at the tine of ite purchase Invettmert, wich the Banke tends to hold tl maturity ae classified as HTM investments. Investvens that ae eld principally for resale within a shor period, including shor sale, are classified as HFT Investments Alloter investments ae cased as AFS investments. Shifting among the Categories is eecunted as per extant RBI guidelins. The Bank follows setlement date method of scouting for is investments. For disclosure in the Snancal statements, the investments are sasitied under five catepoies Government secrits, Other approved suri, Debts nd Bon Shares nd Ot investment and ced nS Investments Valuation Investments clastfied us HTM ae cated at aquisition cost. Any premium on acquisition is amorised over the remaining peiod to maturity on a constant yield to matriy. Discount ifany.is ignored. Invesoents in deposits with funds of NABARD and Natonl Housing Bank uaer the Port Sector Lending Schemes are clasied as BTM. [AFS and HFT irvestments are marked 19 market asad on yields declared by the Fixed Income and Morey Market Dealers Associaton 'FIMMDA") in consultation with Primary Dealers Associaton of india (PDAL?, ‘Treasury Bills, Commercial Papers and Cerifiste of Depo Ingrumens, are valued a earying cast. Canying cost includes ‘he holding period on constant ye to matariy Investments in Pas Through Certifies are valued on the basis ofthe Base Yield Cure snd the applicable spreads a per he apread matrix relative to the leno of the wnerying ‘sce im accordene with FIMMDA guidelines, Unguoted equity shires are valued tthe break-up value, ifthe latest balance sheet i salle or at Be 1 por eguiy share Det deprecation. if any, within each category of investments is recognized inthe Prot and Lost accourt. The net appreciation, i ny, under each category isnot recognise, ‘except tothe exlent of deprevation previously provided. The book value of individual Secu is ot cxnged consequat othe prod valuation of fvestments Citibank N.A. (Ancorporated with Limited Liability in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) TV. Significant accounting policies (Continued) 1) Investments (Continued) Repurchase tramactons Repurchase (rep) and evese repurchase everse rep") transactions are accounted for ‘as borrowing an lending wansactions. Accordingly, series givens cllatral under a ‘agreement to repurchase them costique to be held under the invesimect account of the ‘Bank al the Bink continues o accrue coupon / dacoust on scutes diving the repo petod, Also, the Bank marks to market auch securities s per the investment clatifisstion ofthe sear. Tae difference betwen te cean pice of the ist leg a clan price of he Scand leg is rengnzed as interest income / expense inthe Profit and Loss account over the period of he transaction Simi), securities that are taken a5 collateral under agretment f0 resale are not included in the investment acount of the Hank. ‘The transitions with RBI under Liquidity Adjustment Faiity (LAF) are accounted for at bomowing and lending transactions Broken period interest Broken period interes pid a the time of acaistion of the security, is charged to the Profit an Los account. 2) Advances Classification and provisioning of advances ofthe Bank it carried out in accordance with ‘he RBI Maser Cieula - DBOD No BP 8C- 9721.08 08/ 2014-15 dated July 1, 2016 and !smendments heres, Advances, including purchase of loa portfolios, ae stated net of specific provisions and interest suspense Te Bank follows a consistent internal policy of easing its advances ‘8 commercial and consumer loans apd advances. Premium pad on aoquistion of portfolio isinched in adsances and is amorsed over the life ofthe port, “The Bank adopts norms prescribed by RB as specified in the eieula referenced above for \dentieation of Yon Performing Assets (NPA) Speci loan ks provision in tespect cof non-prfoomng advances are mide based on management's assesment ofthe dares of impairment ofthe advances subject fo te minimum provisioning levels prescribed in RB] auidelines, ‘Toe Bank also mints provision on standard assets to cover potential erdi loses not yet identified, which are inherent in any Toan portoio ae well at on postive mk to make gains’ on derivatives portlio and discloses che same in Schatule $ = Other Tables and provisions. The Bank also maintains ineremcaal provision on standard ‘assets and on postive mark o market gains on derivatives porto petiing to client's with enhedged foreign curency exposure (UFCE) in accordance with RB guidelines Provisioning for restructured ascts i mado in acconance with the requirements ‘rescihed by RBI guidelines, Such provisions are reduced fom advances, 18 Citibank N.A. (Ancorporated with Limited Liabty in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) IV. Significant accounting policies (Continued) 3) Foreign curreney transactions “Transactions denominated in foreign caeney ar recorded at exchange rates preva on the dat ofthe tases. Monsary assets and lites denominatod in foreign cutences ate translated at the Tolance set die at rates of exchange notiied by the Foreign Exchange Dele “Association of Inia (FEDAT) and the resuitant exchange difrences ar recognized in the Profit and Lass acon [Exchange difloences arising on foreign cumency transsctins sted Ging the yet ae ‘ecognised inthe Profit and Los ccount Forwign exchange wading positions including spot contracts, forward contacts aad canency swap contacts are revalued ily at the rates published by newswires and ‘monthly at closing rates notified by PEDAL for specified maturities and at interpolated ‘aes of interinnatuites. The contract whare exchange rates ae not notified hy FEDAT tue revaued a the forward exchange rates implied bythe swap curves of the respective “The guns and losses on revalation are recorded inthe Profit end Loss account at the present vale ecuivelent using appropriate discount rates and coresponding asset or Tnblty is shows under “Other assets” oe "Othe ibis”. The noonal val of these contcts is ecoied a8 contingent Habit. In compliance with AS 1, mark to market on swap contracts entered int for hedging ‘orvign exchange risk implice i certain focign eutency liabiliis which ere swapped ito India ropes is not recogniced, The premium discount arising a inception of Nich omits is amartsed as expens/ncome over the life of the contact. Exchange Aiferences on the spot leg of sch convacs are reeognzed inthe Profit and Loss ascount inthe reporting perios. The premium amorised i prosnted a “Interest on deposi” under Sehedle 1, Notional values ofthese contracts ae recorded as contingent lisbiliy ‘This accounting veatmont has also been applied in case ofthe contracts ered ina ih RBI under the special US Dollar~ Rupee swap window provided by RBI for swapping eligible incremental FCNR (B) deposits, These swaps have been consiered 3s hedges for the foreign exchange rik implicit inthe FCNR (B) deposit igible forthe swap iy, Foreign currency options re marked to markt using market valves afer considering the promi received or pai roto lns on evahtn is ceeded Ue Pri nd Lane [Sccount and concipanding ast or Tabiliy ts shown under "Other asst” or “Oior Tibi". Premium received and premium paid is recognized inthe Profit and Lows sccount pon expiry or exercise of the options. The notional value ofthese options i recotded a5 contingent ibility, Citibank N.A. (noorporated with Linited Liability in U.S.A) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015, Schedule 18 (Continued) IV. Significant accounting policies (Continued) 3) Foreign eurreney transactions (Cominued) Foreign curency futures are marked to mathe using closing price ofthe relevant ftres ‘omactas published bythe exchange. Profit or loss an eealtion seconded inthe Prat and Loss accourt and oresponding eset or ability is shown under “Oder asses” or “Diner libiitie”. Margin money deposited with the exchange is included in “Other asses". The noinal value ofthe futures contrasts recorded contingent ibility, ‘Contingent bites on secount of foreign exchange contracts, guarantees, acceptances, cxdorsemenss ani other obligations denomicatod in foreign cuercie are dieosed at he losing rates of exchange notified by FEDALL 4) Rupee derivative transactions Rupee derivative tansactions primarily comprise interest rte swaps and interest rate fates Interest fe swaps svaps we marked to mache using appropriate inees aes, Profit or loss on evaluation is recorded in the Profit and Loss account and corresponding sso of iabiity shown under “Other asset” ce “Other Kabilee™, The noma vale oF these swaps is eon as contingent ait. Rupee Interest Rats Swaps, which ate designated as Hedges where the underlying is not marked to market, are accounted on accrual basis pursuant to the principles of hedge accountng 2s permitted by RBI circular RefNo MPD C.187/0701.2791989-2000 dated July, 1999 Interest Rate Fuues are marked to market using closing price of the relevant futures ‘contact as published bythe exchange. Profit or loss on revalation is ecordedin the Profit land Loss accoure and comespondiag asst oF lability is shown under "Other asses” or “Other linbities”. Margin money deposited with the exchange is included in “Other asst", The notional vc of the fates contract recorded es contingent 5) Cash and cath oquivalents (Cash an cash equivalent include cash in hand, balances with RB, balances with otber ‘nksistiutions and money at cll and shor tive (including the effect of changer in exchange rates on ash and cash equivalents eld in foreign eurency) Citibank N.A. (Ancorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2018 Schedule 18 (Continued) IV. Significant accounting policies (Continued) 6) Fixed assets ane deprecation Fixed assets, oer than premises, are stated at cost less accumulated depreciation. Cost odes freight, dus, ses and incidental expenses related 0 the scion and installation ofthe aseet. Promises are rwalued biconinlly and me stted at the rewlued mount ‘The increasedecrease in net book value on revaluation of premises is creditd/carged to "Properties Revaluation Reserve” On dsposl of revalued premises, the amount sanding ‘he credit ofthe Propet Revaluation Reeve is revere, Depreciation is provided on the staght-ne method fom the date of addition over the stated wef life ofthe asset, Depreciation on assets sold during the year is charged to the Profit and Loss account ypio the month of sale. In respect of any assets Where managements estimate of wful iis lower, che atthe time of acquisition, or during & Subsequent review, the depreiation i povided ata hiaher rate based on management’ ‘stinate ofthe asf lfeYemaining useful lie. Pursuant to this, depreciation has been Provided at he ellowing ates. ‘et Deion Deprecnon ate Ts) Insaions frase ml work oft somo "Eulpme (is Teco apne nd Teetne Syren) 100 ack ert ie, be compte nd eed pens 2000 eel cong srg wih orang see Ba (Destpiapop tense pr) Sere itr desley Pat) 2o0nas.3 LEAN ris, eee cies 2500 Veen 2300, Instalaons in lased premises we depreciated over a period which inclads inl lease term and one renew. 1M there i any indication tha an asset is impaired, che Bank estimates the recoverable mount ofthe aset I such recoverable amount ofthe acet ie Tee than its catying “amount the carving amour is vduced tot reenverabe amownt. The renton ie end 48 an ipainment less and is recognized in the Profit and Loss acowt.If tthe balance ‘sheet dae, there i an indestion that a previously assessed impaiment loss no longer frist, the recoweabie amount i easessed andthe asset i elected at the recoverable ‘amount subjest oa maximum of dpreiated histor cost. 2 Citibank N.A. ncorporated with Lined Liability bn USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 ‘Schedule 18 (Continued) IV. Significant accounting policies (Continued) 1) Employee bens Retirement and otter Employee henefis se accounted in accordance with AS 1S — Employee Benefits (a) Provident fd "The Bank conibtes wo recognised provident find which i defined contsbuton Scheme, fo ali employees. The contributions are accounted for onan aera ‘nd ecopnine in the Profit and Loss acount a expeditu, (0) Superannuation ‘The Bank eotrbutes to.» superanmtion fund in accordance with the terns of employment of a eerain category of employees, which is a defined contbution Seteme. The contributions are accounted Tor onan accra! basis and recognized in the Profit and Lese account as expend, (0) Grataty “The Bank provides for its gratuity lability which i a defined benefits scheme. Such provision based on atuaral valuation ofthe gait iby eo the balance sheet date cared out by an independent actuary using the Projected Unit Credit Meth, ‘The Bank contbutes 0 gratuity fund which is managed by 2 ust, The funds are rly invested with Life Inseratce Corporation of iia and party selé-managed as per theInvesment Pater prescribed by Ministry of France, Goverment of Ini @ Pension ‘The Bank provides for its pension liability fo certtn categories of employees which ie a defined benefits scheme. Such provision is bated on actuarial valiation of the pension Habit al the blance sheet date eared out y an independent atay using the Projected Unit Credit Method. The contbutions the pension fund ae managed ‘by atmst, Which inves fonds a8 per the Investment Pate prescribed by Mins of Finmce, Goverment of India and Annuities ate purchased fom Lie Insurance ‘Corporation ef India as and when the employee becomes eligible forthe bene. (@) Leave encashment “The Bank provides forts leave ecashment ability for certain category of enplayens| who are eligible to accumulate leave, based. on acaurial valuation of the leave ‘ocashment Baily atte balance set dat, cared ut by an independent actuary ‘wing the Projected Unit Credit Method. Resetenent Allowance ‘The Bank provides for Resetloment Allowance Libiltytased on actuarial vauion performed ty an independent actuary using the Projected Unit Credit Method a ofthe Talanee sheet date, Resetlement Allowance is sx months pey offered 10 ceiin ‘eategory of employees. Citibank N.A. Ancorporated with Linited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) _for the year ended March 31, 2015, ‘Schedule 18 (Continued) IV. Significant accounting policies (Continued) 8) Income recognition Interest income is ecogised in the Profit and Loss accoust on an cera! basi, except in the ease of interest on non-performing asies, which is ecognsed as income 0 recip, ees and commision income is recognised when earned except when i iin the natre of yld enhancement. Vieid enhancement fees and commission are deferred, slong ith ‘elated expenses including loan erginaton expenses and amortized over the hie of the deriving asset. Gain asin on securitisation i amortized over the feof curity inset be ised by ‘he SPV with uproot recognition of retained service costs and provision for credit loses ‘Loss s recogiza immediately inthe Profit and Loss acount. Gains and losses arising out of ought assignment deals are recorded uptont afer providing fer rene service costs and provision for credit losses, where warranted 9) Provision fr revard polas on crediidebit cards ‘The Bank has a policy of rvarding reward points to credit card and debit ards customers ‘based on thelr sends. Provisions for reward. points which ste pending redemption by ‘nstmers are mide wing a model based on behavioral analysis cf lization tends. The ‘model uses historical redemption trends to estimate the probeblewillztion of oustanding ‘uedcemed reward points. Such provitons are also sewed for adequacy and exces Jrovsions visas the mods! ae resinad in cases where abnormal movements in redemption rates are observed. The provision required is calculated basis the expected ‘edemption deteonined wsing ths model. The provisioning treatment confirms fo the ‘opinion given byte Expert Advisory Comite ofthe Insite of Chartered Accounts (oF Ini (The ICAD, In ose of co-branded cards where rewards ae oleed through the partner firm, provisions ae rested forthe entire smount due tothe partner fa a por ‘erm ofthe ie up aerangerent and remaining urp softhe reporting te 10) Taxation Income tax comprises the curent tx (Le. amount of ax forthe period, detemined in accordance with he Income Tex Act, 1961 and the rules famed thereunder and defered ‘ux charge or credit (electing the tox effects of timing ferences betveen accounting, Inoome and ale income for the yer. Provision for curentincome-tax is recognized in accordance with the provisions of Income-Tox Act, 1961 and afer due consideration of relevant judicial decisions and attory rovsiens 2 Citibank N.A. (incorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended Morch 31, 2015 ‘Schedule 18 (Continued) IV. Significant accounting policies (Continued) 19) Tanation (Contmwed) ‘The deere tax charge or credit andthe corresponding deferred tn abilities or assets are recognised using the tx rates that have been enacted or substantially enacted atthe balance sheet di. Defered tx assets are recognised only to the extent thee i reasonable ‘etn that th asets canbe realized in fate. However, where thee is unabsorbed ‘epreiation o cued forward loss under taxation las, deferred tak nes are ecognised ‘nly if there i vital certainty of elation of auch ets, Defered tax ass are reviewed atthe balance shet date and appropriately adjusted to reflec the amourt that i easonably/viually cera to be lized 11) Accounting for eases Operating leases Leases where the lesioe effectively reins substanlly all the risks and benefits of ‘ownership over the lea lerm are clasified as operating leases. Operating lease rentals ate ‘ognised as an pense on aralght-line has over te lease period Financial eases, Assets taken on finance lease ar recognised as fixed assets. An equivalent Hinbly i rested atthe ination of the lease. Renals paid ae apostioned bette france charge and principal bused on the implicit ate of return in te contact The nance charge 1 shovm as interestexpense andthe eine amount is reduced from the ably. The ase sequited under the lease are deprecited over the lease term, which i reflective ofthe Useful life ofthe eased asset 12) Provisions and contingencies ‘The Bank creates provision when there i «present obligation as 8 result of a past event tat protobiy requires an cutfow of rerourcet and reiable etmate can be made ofthe amount of the ebligation. A dislosue fora contingent Hable made when there is & possible oblgatin or a present obligation tat may, but probably wil nl require an ‘outflow of resourses. When thee is «posible obligation oa present obligation in aspect ‘of which the liklinood ef outlow of resources s remote, no provision er dsclocae i Provisions are reviewed at the balance sheet date and adjusted to reflect the cument best ‘state If itis longer probable that an ouflow of resources would be rquired to sete "he obligation, the provision reversed. ‘Contingent asses ste not recognized in the nancial statements, However, contingent fssets ave assessed continually and i i ie vitally certain that an inflow of economic ‘benefits will arise, the asset and related income ae recognized inthe period in whish the change oscus. 2% Citibank N.A. (incorporated with Linited Liability n USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 ‘Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended ‘Mareh 31, 2015 1 The Bank ie require to lodge addtional socuries with RBI under section 11(2Xb) ofthe Banking. Regulion Act, 1949 amounting to RS. 85,564 las for the year ended ‘March 31, 2015 Previous year Rs. 72,320 lakhs). As at March 31, 2018, the face value of scours lodged with RBI stands at RS, S23,60 lakhs (Previous year Rs. 432,300 labs), 2 Other invesmens comprise of Pass Through Cetfists amounting to RS. 18,570 laks (Previous year Ri, 58106 las), Cetfat of Deposits: NIL (Previous yea Re, 16,141 lakhs), Deposits with NABARD amounting to Rs. 6/66 lakhs (Previous yer: NIL) and [atonal Housing Dank amounting o Rs, 254 lakhs (Previous yar: NIL) wade the Ploy Sector Lending Schemes 3 Bills received fom constituents for colecdons on thelr behalf are contalled hough rust proceso systems and ae recorded infarc edges only whe collected, These bills for collection outstanding as at the year end have been disclosed inthe balance shee, 4 Peete guidelina sued by RBI on Aeguision/Leasing of Premises (IDS.1728C:5554- 7 dated November 30, 1987), the Bank bas retained “Properties lnvesinent Reserve" a at March 31,2015 of Rs. 6,194 lakhs (Previous year Rs. 6,194 lakhs). 5 During the year, the Bank has appropriated Rs, 3,012 lakhs (Previous Vea Rs. 975 lk) tw Tnvestnant Reserve Further, the Bank has neither appropriated nor withdrawn any ‘amount fom thsrescrve during he year (Previous Yeu: NIL) 6 _Duting the year, there was a sle of two residential premises owned bythe Bank. Gain of| Rs. 1324 lakhs ca sale as boon reported under Oter Income. The net gun amount afer ‘eting for ax Wis Rs. 751 lakhs of which Rs. 18 lakhs hasbeen appropiated to stautry reserves andthe balance Rs, 563 lakhs appropiie o Capial Reserve 7 The Bank has ered an incremental Special Reserve of Rs. 2,458 lakhs (Previous year 1s. 1487 labs) pursuant clase (vi) under subsection (1) section 36 af he Income “Tx Act, 1961 ‘8 Daring the year, the Bank has appropriated Foreign Exchange Reserve OF Rs. 11,25 lakhs; Furie & Equa Reser of Rs. 231 aks and alsnos in Prot in Love account (pertaining to petious yeas) of Rs. 1.085 ls to Remitable Surplus retained for CRAR requirements 9 Amount of Bill purchased and discounted reported under Schedule 9 are net of borrowings made by te Bank under Bills Reiscouting Scheme 2s Citibank N.A. (Ancorporated with Limited Liability in USA} Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2018 ‘Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended March 44, 2018 (Continued) 18 Advances ofthe Bank include two exposures amounting 1 Rs, 8292 lakhs elsif as Non Performing Loans where a porson ofthe exposure was covered By gaantes sued by Overseas Private Invesiment Corporation (OPIC). The Bank has been restiuted on invoking the gurantee bot proceeds have not been appopristd towards the exposures pending completion of legal proseedings fr recovery ofthe outstanding from the obligor in order to protect te legal position ofthe Bank. The proceeds ofthe guarantee hve been ‘ported under Other Liabiies pening appeopition. To the extent of proceeds calected sgainst the guaran, these exposures have been comidered ws secured for determining Provisioning requirments s poe BBL norm for Non Performing Loans ‘The Bank had dsclosed inthe previous year an exposure to an obligr in tia where proceeds fom invoking a SBLC isaed by an offshore branch of Citibank N.A. bad oot wen appropiate towards the loan exposure. During the current year, the Bank has liquidated the fom exposure by appropriating SBLC proceeds 11 Provisions and Contingencies - Others (Schedule 17 (VD) comprises oF RS 6 nhs (@revious Year: Rs. 6 lakhs) credited tothe Profit and Loss account on account of change in diminution n-ne valve of loans, which were restructured in prio ears and upgraded 0 standard assets during the year. There ae no ther lems inthe Current yexe (Previous Year: Debitof Rs, 9100 lakhs on acount of lating provision). 12 Other Assets (Schedule 11 ()] includes Rs. $6,130 lakhs (Previous yea: Rs, 80,785 lakhs) towards disputed Income Tax paid by the Bank! adjusted by the athories. Provision fer tation snot considered necesar bythe Bank in respec of above disputed demands based os various judicial decisions on such disputed sus. 13 The Bonk has ir plae a Standby Letter of Credit (SBC) extended by Ciibank Head ‘Office (New York) to the extent ofthe rupee equivalat of USD 1.97 billon,a& an ‘ditional sippot to cover Citibank Indie Tits proved to locally incorporated subsidiaries and banch oes of multinational companies, whose uimate parent ha & ‘slobal banking wationship with Citibank. The Bonk underakes a ereit appeals! of such exposures based on the available financials of the loca subsidies. In adit, the Bank also receives inpsts on credit assessment from Citbank franchise in respective countie ‘which manages the global relasonship for tat enty and further relies om eet support fiom the SBLC extended by Cihank Head Office. In cerain eases, spciic SHLC are cbuined fom Citibank broach whish manages the lata seationship tase pevidic 26 Citibank N.A. (Incorporated with Linited Libiliy in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended March %1, 2018 (Continued) 14, With reference tothe mater pertaining oineidence of re inthe new premise ofthe Bank hic was isles in the previous yer, he setement towards Contactor” plicy share to the tune of Rs IL lakhs has been received The insurance Loss Astesors and Surveyors have forwarded ther assessment to Insurer for award of final ciim in case of Fntemal ft-out For base building works, which s covered bythe Building Condominium’ fire policy, the surveyors fal assessment is sil ongoing. Accordingly, the balance receivable OF R I,901 lie is being eared forward inthe books inthe crest final yew. ‘The following disclosures are made in accordance with requirements of RBI guidelines and sounding standards: 15:1, Capital Adequacy Ratio ‘The Capital Adaguacy rao has been computed in accordance with Capt! Adequacy suielines issued vide circular DBOD No.BP-BC.6721,06.201/2014-15 date July 1, 2014 ‘Credit Valuation Adjustment (CVA) ss capital charge on OTC devivstives ws to be implemented fram April 1, 2014. Accordingly, CRAR ratio for March 31, 2015 is ‘computed with CVA charg, while CRAR rai for March 31, 2014 presenied below is without CVA charge. ao ‘Avatar, 215 (CRAR Tar Cap tio sea (CRAR Te Cpa ate ns cnt of shed et rd eT pin cs ‘The Common Baquiy Ter | capital ratio ofthe Bank as of March 31,2015 per Base ors is 14-18% (revs Yea - 15.359). CCRAR Tt Cain eso a Gea” ie cap 136% ‘Ano fred din Te api ‘t Citibank N.A. (neorporated with Limited Liability in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31,2015 Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended March 31, 2018 (Comtinwed) 152, Busines ratio cep of et NA tas som 20% Inst iar as pci wring nds fam 0m ‘Opener sepceagea wating as fam ton eon ses wom 0m ces eps pos aren peepee Aout ns) ms 26 ripen Amount) ° 4 Note: 2) Working Furds represent average of ttl assets a reported to REI in For X 1) Inter-bank deposis have been excluded fr tbe computation of business yr employee ©) Profie per employee is based on employee count as of March 31, 2015 and March 31, 2014 respectively. 183, Liquidity coverage ratio “The Basel Commitee on Banking Supervision (BCBS) preserved the Liquidity Coverage Ratio (LCR) standard to promote shortiemn resilience of banks to potential liquidity disruptions by esurng that they have sufficient high quality uid assets (HOLAS) to mee is liquidity requements fora 30 calendar day time horizon under 9 sgnfcetiy ‘severe lquiity snes scenario specified by regulators. LCR is defined arto of HQLA 'o the total net sash outlows in a liquidity stress scenario estimated forthe next 30 calendar days. AS pec RBI guidetines, the LCR requirement is binding on banks frm January 1, 2015 with minimum requirement of 60% fr ealendar year 2015. Fer Foreign "Banks operating 1s branches in India the framework would be apliable on a standalone ‘bss ie for Idan operations ony). ‘The minimum rquzement would rs in aul steps to reach {00% on January 1, 2019 as pet the timeline below: 2% Citibank N.A. (inconporated with Limited Liability in USA) ‘Schedules forming part of the financial statements of the Indian branches (Continued) for the year ended March 31, 2015, ‘Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended March 31, 2018 (Cantinued) 153, Liquidity coverage ratio (Continued) ‘The Bank's LCR calevlsted as per RBI guidelines, as te average of he month end valves forthe qure ened March 31,2015 is as below Tania “Toaisa weighed — Tol weigh ‘at ater) lm erg) igh quay Eg ate 1 Tal aliases ari00 3, Rt i depois om a a stone ot asms 9809 G) subieeposs sagoar 701 (i) essen digests 2607) singe 2 Unsere ution cing of ich sionirs 13a (Operetta cusp) raise "algor (0) Nomen! pens coms) ran6e on (i) Uae ete 4 Seed oto cing (©. aes idee xo het sss sen3s2 (6) Catone ano ign db pron - (Gi) Cand tay fies ose 6 cer snl fing liptene 28a 4 ee eninge nding egos 245505 1 att eachowtne soso 9 Scene ep) I 10 Into am lero exposes ism vomtss7 1 Ofer eatntone yas erie ‘Toa aye Tota eth enews 408 15 Liu eves ae 8) m8 Note: Soe the above disclose is aplicabe frm current year, no comparative numbers ave ben provided 2» Citibank N.A. (Incorporated with Limited Liability in U.S.A) Schedules forming part of the financial statements of the Indian branches (Continued) for the year ended March 31, 2015 ‘Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended Mareh 31, 2018 (Continued) 183, Liquidity coverage ratio (Continued) Liquity ofthe Bank is directly managed by a centralized Treasury with oversight ofthe ‘Asset Liability Maragement Commitee (ALCO). The Bank fllows a comprehensive proach to balace sheet quit wih balanced funding profile maintained across real land corporte csiomes, diversification acoss client sepments and praget levels of Funding conceneavons. The Bank mects it loan funding requirements troagh customer deposits and doesnot lyon interbank or marke funding Liquidity buffer in excess of Sutuory Liquidity Ratio (SLR) requirements to mest foreseen outfews i maintained in Goverment securities andi the primary driver for the HOLA levelsmunined, "The Bank contines to focus on operating acount liabilities to dive balance sheet gow, vith eurent and savings acount (CASA) deposits rato at 49.39% as of March 31,2015. ‘The weighted cu oullows ae tempered by the largely operational nature of deposits and the real depost' mix, including. depois fom small business cistomer. The other contingent funcing obligations pimarily include bank guarantes (BG) and leurs of ‘edit (LCs) sued om bel ofthe Bank's cient, Liquid reqiement of the Bank on account of mare valuation changes for dvivative ransaction has alto been considered, ‘ne on the presribed look tack approach ‘The weighted cash inflows are largely driven by schedule loan matures andar capped {025% of weighted cash cutlows Based onthe above, monthly everage LCR of the Bank {forthe quarter end March 31, 2015 was 277.3% 30 Citibank N.A. (Ancorporated with Linited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) 184, Asset Lisilty Management ‘Maturity pattern as at March 31,2015, Notes forming part of the financial statements for the year ended March 31, 2018 (Continued) poate, 3 Nam ect Laat Depts Boris Fodn Fore ssn996 nose 2% 230 samt 67 ims10 we 380285 RISD” ono igi is 2st Dé mote 7340 reasi2n76tSous6—ggTs Over moniaandino 6 T2RAM myo mee aoee amas Sa Over Smonaandino 680579 oom osi 2408s rae Overoeyren to LOSS STDS STINE RST MNES LR Over yeasand igo yes 54583488 9 esas sto ve esas ams sas - mses ange ‘rut Somer Simin wig are Tame Sosa “Maturity pators as at March 31,2014 Aiea Rs os ‘Macrig Becst——Loansani Tevestents Depts rrowings Forgan Foreign ‘are carey Cureary Dy rigot essay 125250 aigse mast ITE 20a Tes 1395366 9299 1287377 akesa8 “Sat io Habe Imnets 95489 a9 = 2 as. ersays ssa 2s 210486, Smee ne Creimminmdinos SASL 26S MSH HAT ISIN) Citibank N.A. (incorporated with Linited Liability in USA) ‘Schedules forming part of the financial statements of the Indian branches (Continued) for the year ended March 31, 2015 ‘Schedule 18 (Continued) ‘Notes forming part of the financial ‘March 31, 2015 (Caninued) ‘statements for the year ended 154 Asst Liailty Management (Continued) ‘Mataity pattern as nt March 31,2014 Ana to Maar ke | ind etna Depa Bong Foren ern ‘remy Coy Onesimecivedspoom S188 naT satan nae 325508 Oreraneyirmdipo SIAN 4sNEOH sk wo osm Sys Orr yarns sje 39971597 STA = hone oversee sims sayene 62 : ase Tot ian Jen lal lmaw ss = ————— | ‘+The information on maturity pate has ben compte based on the same estimates ‘ad assumptions as ued for compiling the returns submited to REL + Asses and lable exchdeof-blance shee sels and abil 155, Lending to sensive sectors |) Exposure toreal estate sector cue (© Ree meres Scrat te vpn tetoroee coy sur adaner (0) Commerc eee oben Lending aly ue by moneys on sd propey ta ‘OF which nia Rosg mse els in dng cy maton sos price tae 616.09 16393 imo 16s 2399 sss9 a Citibank N.A. (Ancorporated with Linted Liability in US.A} Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) 158 [Notes forming part of the financial statements for the year ended March 31, 2018 (Continued) Lending to senstive sectors (Continued) A) Exposure toreal estate stetor (Continued) ‘cause at ew Mart 2015 Na, 208 Find fet mf no-ind bed exposes oo Nation amen se BS) nl eat Pease Comput corey ‘reut Tmoa isan oer nn cate pee ma san an ange fen opty we repent Isha Fosas ows eet os ange of 8 ree 1B) Exposure tocopital market cate a hese Mart 2015 Moh 3,208 ‘ecinsn n ayn coer el emi ne nae ener ann a py mil de oe ‘chute tea ncaa ‘Atos nse shes bones oe snes ams moe ‘ache ints onsen ahs (cng RSPR Gene ie vce ees ‘Avis fay or rps erst o xoveie «0 208, ‘end samt Seti or ais eu oad ‘eal dr eno my Seu nd necied hnce i scr ad gone wise 1ah96 ‘outst looks and muerte iy scared sn etal a ne cased CME aie 2316 ‘ard oho fh an reset ca 3 Citibank N.A. A@ncorporated with Linited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 34, 2015, ‘Schedule 18 (Continued) Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 1846, Movement in Nen- performing assets Openingtone see RAED 7H TEBE SSBTS sa. M48s ios ngtiyesr $5365 36ND G8S SRB 865 ene oe os C3572 BIT) SAID) R84) OSA) oo mas 7 most 356) ae 187. 3m on standard asets Opera tase ‘sure ‘a. -Aaons ing yen aout of UPCE) sass sing ace 408 so. “The general sanfard assets provision isin excess of the requirements basis the eument asses pation. The excess as ben esined in acondance with the guidelines consined | RBI Cireular BBOD BP BC. 3/21 O1.002208.09 dated November 15, 2008, Citibank N.A. (incorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended ‘March 31, 2015 (Continued) 158, Provision on standard asets(UFCE) ‘The assessment of unhedged foreign currency exposure i an ongoing proces athe Bank. ‘The Bank undertakes an assesment of the rinks arising ou of the foreign carency exposure of thet corporate cients and takes sabe steps to insult it fom sch risks ‘These steps inelne () rigorous assessment of foreign exchange (FX) risk for a ciet uring snoul eview of ts credit flies incuding under tess tosngidownside seenatios and if found materia, downgrading dhe Obligor Risk Rating of the chet) [ict adherence io intemal goveronce standards st (vi. Suitably and Appropriateness assessment, Dervative Sales Proctices) petaiting to marketing of facilites with pre- ‘scalement risks; (i) dally monitoring of mark-to-market (MIM) exposures on is poston > Amt yas gaze ao butt ers) aasey —(sts2e4) 657) 2. ctexponne aus SHB 2STRNST SLI a Citibank N.A. (incorporated with Limited Liability n USA) ‘Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 18:8 Disclosure on risk exposure on derivatives (Continued) Ne srinines "rates vance "Sees 1 ely ingore pemms Gorn ein ase saman nt ) smening sess gman gmat specs ruse uss a” 5) onan opsss taal S501 158597 ‘Sexvol dango we 2) onbating nn4ss q 199 5) seeming Gomis ages ares ae “The Bank hos computed maximum and minimum of PVOL for the yea, based on balances athe end of ver month ‘The net open fregn eumency position as on March 31, 2018 is Rs (20,776) lakhs (Previous year: Rs. (38,867) lakhs) Citibank N.A. (Aneorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 Schedule 18 (Continued) v. 1519, Notes forming part of the financial statements for the year ended ‘Mareh 31, 2015 (Continued) Risk category wise country exposure No provision fas been made by the Bank for county risk exposire since the Bank's ‘county wise ne funded exposure doss not exceed 1% ofthe Yo astets as on March 3 2015 (Previous Year: NIL) Details of exposure a pe risk eategory classification is a nde ik ery aguare (et) Prov hid Expsue(ae) ovens Inia nano? 5 92282 tow tao ; nant i Note as : an ‘i ik : er is : fret : iss Details of Single borrower int, Group borrow ‘Single Borrower Line ‘+ The Local Operations Management Commitee (LOMC) ofthe Bank has approved increase in Single Borower limite to 20% for Reliance IndustesLiited, DSP Black Rock Mutual Fund, Larsen & Toubeo Limited, Wipro Linied, Franklin Templeton ‘Murua! Fund LAT Mutial Fend and Bila Sun Life Mutual Fund in aordunce wih RBI guidelines The LOMC ofthe Bank hat approved increae in Single Bomower limit for Housing Development Finance Corporation Lined to 15% out of which 5% wil be on acount of finds let to the infrastructure sector ia accordance with RBI sideline, imi exceeded by the Bank: ‘+ Duving the year, in case of DSP Black Rock Mutual Fund and Larsen & Toutro Limited, the exposure exceeded the pradental exposure limit (snale borower lis) ‘on inr-day tsi 0 sc occasions an our deasion respextively, ‘+ There was breach in Single Borrower limits for ReanceIndusies Limited for day ‘which was regulated though ees in the aceon on subeequen ” Citibank N.A. (incorporated with Limited Liability tn USA} ‘Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 16. The following disclosures are made in accordance with RBI circular DBOD.No. BPACIOV21OLI77011-2. ded May 7, 2012 and DBODNOBPBCSO / 21,04.088/2008.6 dated February 1, 200, Parts aoveanis 200.2018 1. Toler ons nid 2 Dao le fe sind 4 Gain (onc ein pied inh rat an Lot Forman qurbn stunting ve) fait ean” 2 cumeniuent tse “in ceriin cass of securitisation transactions done in previous years, the Bank continues to service the fans wansfered 0 the assignee of SPV and has provided. ceedt ‘ehancemest in th form of cash collaterals 4 UO stip to Past Through Cartes (PTC) holders 17, Limployee benetis Reconciliation of opening and closing tance of the present value ofthe define benoit ‘blgntion for getty and pension benef is piven below: Foralstor FYI ‘Gry Peon ‘penn tals of ese ave oases use gas (Carn sero a8 Inet oe 6 ‘etal aren gon non a2 ei pid (1905 an Cag taco psn ao igs isa ne 50 Citibank N.A. (Ancorporated with Lined Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015, ‘Schedule 18 (Continued) 'YV. Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) Employee Denes (Condlaued) aaa for FV IETS ‘ray Fesion Opening its of ira of plats a8 ‘Expect parents 38 ontcone va ‘etl anion pte mm Betis a6) an risus Net at (abit ovens rset le fie eer obs na valet pn ose se neds Ge supa sim Neat) seco nthe Bane Shot es si Componets a empyeresene Cues cst a6 Int 6 Beste ero phn as as etna ne) oo) ‘pene rca ther and Lt coat sa 6 Invesinet di opin se ‘Goverment oft en 0% 80% Cate Ben owe ase. Assumpins i scm aso st Citibank N.A. (incorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended March 31, 2018 (Continued) 17. Employee benefits (Continued) “Changsin preset ef desl beats oats ‘png aes etal fain naw 080 ‘Acti aon lplon wos) Dest ame 69) hing tac fren vale ohlitons ae om Chang i pa ass Opn asf ea ia ts 919 Exped amon st ss ‘emia eect «9, ets i a) ag ane th ae a sas et et tana) ngned ‘etn of def tenes obs raf pan ws Ped sus Gesu Net at init engin the Banc Stet Component of emplyer epee 028) on apis eco he rota Las nes st Citibank N.A. (Ancorporated with Linited Liability in U.S.A) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year endod March 31, 2015 ‘Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 17, Employee benetts (Continued) Tarai or FYE ~ ‘Goverment of ns ies meme asa Exptl top ot 850% | sol sain at sam ‘Aetunrial gains c oss are recognised inthe Profit snd Loss account inthe year they ‘Te estimate 0° fitue lary increases, considered in sctunril vation, tke ino consideration inflaton, seniority, promotion and other relevant actos such 8 supply and demand inthe enployment marke. Expeciene Adjustments Amott “Gray SEMarIS ScMarieSENaa Mack Martt Experience Matry ent 329) 168) uty) men 0326) ‘iro ofp veer 1a 909 910 1097 ott a em eH a om beri cme) 5 ow we rn lies" Exper ala! ma o 20 1018 3 Citibank N.A. (ncorporated with Limited Liability tn USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015, ‘Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended Mareh 31, 2018 (Continued) 17, Employee Dents (Continued) Penson SEMtAS SiMocI—SEMerIS—SEMae2 30ae apes Hay Seed (23m 67m ss) ‘tee anasto a epee Sur sie ame team eerie pint) ce os ern: nos) a Sdcre oan ‘el in he assy ue ga) = am ‘change ofanaem ete 18, The compensation structure of the Bank, incluing that of the Chief Executive Offer, ‘conforms with the Financial Stabilsy Board (FSB) principles and sandaré. A ‘confirmation to hat effet has een fed with REL With reference we the mater porting to CEO compensation whi was dtlosed in he previous year Taneil statment, the Dank has wince resolved the iaue with de approvals fom RBI and posted necessary ene inthe curent year’s financial stsements 56 Citibank N.A. (ncorporated with Linted Liability n USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2018 ‘Schedule 18 (Continued) 'Y. Notes forming part of the financial statements for the year ended ‘Mareh 31, 2015 (Continued) 19. Segment information Busines segmen: In tne with RBI guidelines on Segment Reporting, the Bank has identified the following seguent as prinary reportable segment: Treasury, Corporate banking, Retail benking, and Other banking business. ‘Under the “Treasury” segment, the Bank undertakes trading operations on proprietary sccount, investens in corpraie del, government scurties, funding and sopping Products and devatives trading, Revenics ofthis segment consist of interes eed on Tunding and paying activities fvestment come and gains on povernent securities ad dsbentuesibond, income from derivative tansatons and undereiing commission from primary dealrsip business. The principal expenses of this segment consis of interest fxpense on Rn borrowed from extemal sources and other intemal seer, personl cos, oe die! overheads and allocated expenses Under the ‘Corporate banking” sepment, the Bank proves tomas and eaters to foreign ‘exchange reqiraents of corporate and financial instiuons. Reverses ofthis segment ‘consist fires and fos eamed on loans made to coportecasiomer and income rom foreign exchange transactions wih such customers. This also includes inceme from ‘offering tad and transaction seyies fo csiomers. The principal expenses ofthe segment ‘consist of inert expense on finds used fr customer lending, pesoanel css, ater ‘rec overheads ad alioatd expenses, Under the ‘Reta bankins’ segment, the Bonk serves retail customers through branch etwork and other approved delivery channels Exposures are clasfed under Retail ‘ning taking into secount the eietation, product, granularity und invidal exposure criterion. This segment raises deposits and provides loans and advisory services to nich eistomers, Revenues ofthe Real banking segment are derived fom interest exmed on ‘etal loans, fes for banking and advisory services and interest ented fom eter sogmens for surplus funds placed with those segmens. Expenses of this segment pearly comprise inrestexpense on deposits, inasructare for operating the branch network and ‘tbr delivery chanel, personne cos, ater diet overheads and alloeated expenses, “omer Banking’ segment includes all other banking operations, which are not inchuded under the above segments. Reverse fom thi segment corsets of insurance referral fxs ‘su ine fen Alien nf mutual ful pert The rind eepenee fe Segment consist cf personnel costs, oer dirt overheads an alloted expenses, Segment Reventes include interseameat tansfer of eamings or charge fom other Segments on account of funds transfered at negotiated rats, which generally reflect the market tes Unallocated sepuent income, expense, ase and lblites include tems which ae not allocable o other segments These include gin los on sale of ied assets, deprecation on fixed asses, fed assets, tax expense, advance tate, deferred tae 55 Citibank N.A. (@neorporated wit Limited Liability in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 ‘Sehedule 18 (Continued) w. Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) Segment Information (Continued) Geographic segments ‘Asa branch of feign bank, he operations of he Bank do not extend outside of nda and ‘donot have mater eamings emanating om ousiée India. Hence, the Bank i considered to operate ony inthe domestic segment. The Bank engages wit overcas branches on speife nections onan arm's length and thee are appropriately reported. omy Cape eat ter aly ays Rt Oe at ng mang me rae gag Yovne — 204nANGSDSSTHANNHakow naa GUAT wR] AM aah ee ee ec my ee ee ey mt on oo bomen oss ena sept seas aa a ee Ce ee See Meo 91907 asta un nas ase ssa6e aati 3281 ts thames oe vasast 56 Citibank N.A. (neorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 ‘Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 20, Related Party Disclosure ‘The following isthe infomation on tansictons with related partis: Entities grouped under Subsidiaries of Parent represent det and indiretsubidnis of Citibank NA. and entities grouped under Fellow Subsidiaries of Parent represent diet nd indirect subsidies of Cigroup In. @) Parent Citibank N.A adits branches 2) Holding Companyof Parent Ciigoup inc ©) Subsitaries9f Parent ‘Banco Citibank De E Salvador SA Bank Handlowy W Warszawie S.A Citibank A.G. Franke Citank Chis Limited Chink Case Republic (Cihenk Fapane S.A, Citibenk rope Ple Citibank Hungary Ciba Jpn Limited Citibani Kore ns Citak Maly ‘ZAO Citibank (Moscow) Citi Oveneas Investment Corporation Citibank Romania Citibank Tukey (Ciba Nigeria Limited Citicorp Development Cer Ine 7 Citibank N.A. (Ancorporated with Linted Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 015 ‘Schedule 18 (Continued) v. Notes forming part of the financial statements for the year ended ‘March 31, 2015 (Continued) ‘Related Party Disclosure (Condnued) ©) Subsidiaries 9f Parent (Continued) Citigroup SotwareTestnology and Services (China) Limited Citigroup Transaction Services (Malaysia) Sdn Bhd Citicorp Investment Bank (Singapore) Limited Citicorp Capital Markets Limited™ Citicorp Cleziag Serves Inia Limite* Citicorp Finance (Inia Limited” (Citicorp Sensces Indi Privat Limited! (CitFinancial Consumer Finance India Limited” Fellow Substirier of Parent Citicorp Banking Corporation, Barain Citicorp Intemational Finance Corporation Chicorp Securities Asin Pcie Limited Ctigroup Global Markets ne, Asia Citigroup Global Markets ns, Austria Citigroup Glbal Markets Ine, Korea Citigroup Gleb Marka In, New York Citigroup Gleb Markets In, Singapore (Cigroup Gleb Markets Maurits Private Limited Ctigoup Services Japan Limited Citigroup Statepic Holding Mauris Limited Citipoup Teclogy le Chico Nort Amerie, Ine. Cishare Conoration US Cigrup Glebal Markets India Private Limited! bie Limited! 38 Citibank N.A. (ncorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 ‘Schedule 18 (Continued) Notes forming part of the financial statements for the year ended ‘March 31, 2015 (Continued) 20, Related Party Disclosure (Continued) ©) Key Management Persomel Mr, Prat aver! CEO "Inicates ecpanies incorporated i india * Citicorp Fnance (India) Limited [CFIL] was merged with CtFimaneial Consumer Finance Indi Limited (CCFIL) wit effect from April 1, 2013. Post the mera, CitFnancal Consumer Fiance India Limited (CCFIL] has been renamed as Ccarp Finance in Limited (CFT 4 Chcorp Capital Makes Linited and Citicorp Cleving Services India were merged ‘with Giogp Fiance (i) Limited (CFIL] with effect fom Apel, 2104 ‘The transactions with related putes during the year and the balances are summarized ssunder ‘Transactions dring the year: aneams 203.2014 means 2015204 adams 2015206 es pid wise man sis got aga Te eet iden sau 780 - 0 - 4 Inert ion Sam sree at Formed so aye 39 0 ret eed rg 5956 5 : Contin aay ony na we ast eed) nee es : : Tine cepts ss soyse 1489367 aatasia.asasa Berwin T7IKT RAK s 02 Lam Foto : ~ 8075008 : ‘archon Fest of ps tas ‘ - ” Citibank N.A. Ancorporated with Linited Liability in U.S.A} Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 ‘Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 20. aoweanis —2o1z201¢ ameans 20152016 anLeaMis 20132014 ated mre 13783 : Siero fod : oa Set ted ents 2 - ass - Cia wen a ss ‘Outsancing balaces sat yar end and maximum balance ding the year Amon Rk Parietn Foren & Branches Setnidires Fellow Sabres uea01s 20132014 ameza4s 20132016 amteanis 205.2018 secon moe 218 omaha 7 ee sce vay 4320 mss 8s gas ase 971188 09s 429 Ban 380 Bowowingspss —THRTS0 OES 535 IBD TE omg oun0rs—asneas 21037 ana 186500 Elaine push sis 96d as ge 300 scat caigioeeat) dans 1388308 angen 0277 uae 95319 rasarer—_.si0s7! tango 21818 : Citibank N.A. (ncorporated with Lined Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015, ‘Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 29, Related Party Disclosure (Continued) ameanis 20132016 am4anis 20152016 aoanis 2o"E2016 Poste eT gn ase sca 7 sown usa 8a 8 Negave ne aon 3m ae 20 ea 216377 ae he Nenu roam she tgIS 9 saat pues sam us2ir see asad Figures in ais indiate maximum balance outstanding during the yee. "Maximum tlares indicate maximum ofthe balances as at quarter ens Provisions in epost of outstanding amounts: NIL (revious yea: NIL). Amounts writen off or writen back in respect of debs due ftom relisted panies: NIL (Previous your: NIL). ‘Thee is only one ated party entity in the eatery of “Key Management Personne. In terms of para 43 of RBI eivuler DUOD.BP.AC No./2.040182014-15 dated uly l, 2014, no disclose under AS-IS is made other than reporting the relationship with the relate party. 21. Intra Group Exposure |.) Tel ano ofresnp gone: ) Tol anon ottp20 arp aps Pegg eet ft bark en borne ° eof tins ein oo eesti hen “As al March 32015, he Bank's intra-group exposure with single group entities ae within the limit o5% and 10¥ respectively but the agrezate group exposures more than the Timitsstipabted in. RBI cteular DBOD.No-BP.BC 9671.06 102/2013-14 dated 1. The Bank is in the process of reducing exposures to group entities royato group exposure it within the eile line before March 31,2016 ‘8 specified inte above REI guidelines, Cy Citibank N.A. ncorporated with Lite Liabiliy in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31,2015 Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 22, Letter of Comfort “The Banks na ised any Ltr of camfort ofthe nature as mentioned in RB circular tel DBOD No. 3. BC.65 21.04.09 2007-08 dted March 4, 2008 (Previous Year NIL) 23. Deferred taxes “The major components giving rise othe deferred ax asics an ible ae asunder: Decriin ha fw 308 Mach, 2 Deferatsarats Povo on as saw s9s10 fee “a 2450 Defer ain Deen ca sn hen (446) e299) Deer ee mses) srt 5198 Finance leases Assets taken on foancat lease comprise of vehicles and are disclosed in the Fined Assets Schedule. The tot of minimum lease payments tobe made in rexpest of assets aquired under financial Kase and the present Value of such minimuny lease payments a at the balance sheet date aoa lows Nate coo Le 1 Lathan on yor ot tan ee 19 vn ‘ru a Ton set of minnie ese yt th — ~_ Not iter to oye om ot {atria i en 1a ss User tan yen é : Citibank N.A. incorporated with Limited Libiliy in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended Maych 31, 2015 ‘Schedule 18 (Continued) Notes forming part of the financial statements for the year ended ‘Mareh 31, 2015 (Continued) 25. Oper Commercial ane residential premises are taken on opening lease, which are non- ‘ancellabie jn nature, Infomation provid herein pertsns to commer and resent remises ken on epertng lace: eres ‘The amc finn les pet eg inthe Pre {Tas cant eet epeaing base “helo are in ane arate er ‘mmc openness Net iner Bana ww m Later toe yor at ar i ya i “s unr un yes si ‘The Bank has ot sub eased any of the above assets There are no provisions relating to contingent ren Thc terms of renewal / purchase options and escalation clauses are those normally prevalent in similar agreement, + ‘Tere ae no nde restitons or onerous clauses in he agreement 26, Provisions and oatngencies AaB as Parte wens 2onianis Opering ovis 2466 Bow a6 8 vt ovine SBIR 9 mi 5 as Cite vss eas 8 27, The Bank has a process whereby periodically all ong tem contracts incling devvative cont) are asessed for material foreseeable loses At the yearend, the Bank has reviewed and ened that adequate provision as required under any law / accounting stands for materi foreseeable losses on sich log term conizats (ncling Stvaive ‘comets has beet made inthe Books of account 6 Citibank N.A. corporate with Lited Liabiliy in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 Schedule 18 (Continued) v. 28, Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) Deseria 1) Claims gst the Bank not acknowledged as debt “This includes oss cootingenses that may aise fom the risk of exposure resulting from pending or teatened Ihgation,chaims or asessnents pertaining legal cases and tax chains aginst the Bank known as at the talanoe abect dat. Such loss ‘contingencies are assessed by the Bank on the probability of sbi aiing on the Bank and incases where a loss is probable and reasonsbly estimable, loss provision is acerud. Cass where it reasonably possible but not probable chat iablity may arise on the Bank are dsclowed as contingent Laie. The Bank has documented proceses and opting procedures or lseifiaton of cscs ino the above categories thst the nate of claims of mture of contingent liabilities ise ot below: 1) Liki on ceour of derivative contracts ‘The Bank ees into foreign exchange contacts, cureney options, forward te sgreemints, cuency swaps with inter-bank patlpans oni on sosount and far the ‘isiomers, Forward exchange contact ave commitments to buy ot sll foreign ‘umency a fiture dat atthe convaced rate. Cureney swaps ae commitments {0 exchange cashflows bythe way of interestprincial inane sumency against ath ‘sed on predcermined rues. Interest rat swaps are commiaments to exchange Fixed sand fosting interest rate cashflows. The notonil amounts tht aze recorded, 28 ‘contingent lables ae typieally amounts used as «benchmark forthe clelation of Jnteret component ofthe contac. The amount reported as cetingentLiabity under Schalule 12-Il comprises of cureney derivatives and Schedle 12 Il comprises of imerest ate derivatives. 1H) Gwarantes siten on behalf of Constiouens, Acceptances, Endorsement and other obligations ‘AS pat of ts comporate banking activites, the Bank issues documentary credit and tarunices or behalf of its customs. Documentay credits sich alters of eedt hance the credit stnding of the customer of the Rank, Guaranices represent ‘mevoeable assurances tht the Bank will make the payment inthe event of the ‘astm fling to TG its financial or perfomance obliations. This leo includes ‘aranees ised to offshore Cit ents for extension of tei to obligor India oF 'o oftore subsidiaries of obliges (paren) domiciled in Ini e permissible under the Foreign Exchange Management Act, 1999. Pusuant 0 RBI csi RBU2010- 2011220DBODDEBCAS —11303.0072010-2011 died" Seplemiber 30, 2010, ‘commitments by the Bank to effect payments on bob of i constuents Yo stock exchanges are elected as franca guarantee, Citibank N.A. (incorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 28, Description of mture of contingent Mabiies ist out below (Continued: 18) Other contingent toms “Thisinctudes: Manager's Cheques; Capital omens; Commitments fr sttement date aecoting: Credit eds spends by customers where the Bank his povided authorization to the merchant esablshment for the spends but for which the. merchant ‘salient bas not presented the charg lps othe Bank for payment; ©. Governrent Securities underriten: 4 Contibuion to Depostor’s Education Awareness Funds and {Amount of Bills eiscounted under the Bills ediscounting scheme. 29, Employee share-based payments Citigroup nc, he parent of the Bank bas deferred compensation plane applicable to ‘management sain its employment in all subsidiaries across all jurisdictions StaT ofthe of Citibank NA. which sel & an unlisted enti, the disrbated stocks ate those ofthe peat which are ted on the New York Stock Exchange. The cost of such tock awards is hanged to the Bank and is subsoquenty cash seed withthe pant. This charge is reflcied in the acount in lie with prudential acounting norms. The cost i based en applicable share pees rling on grant dates as por eas provided bythe parent and these sare fhe adjust a th pid of vesig. ‘Acconingly, during the yer, the Bank has charged an amount of Rs. 2,138 lakhs (Previous {ear Rs. 2,815 lakhs) under the head "Payments to aod provisions for emplayeet, a cost of ‘Such avards granted to employees. The chrgs his been acted fr seri mount of Re 2,157 lakhs Previous yeat Rs 303 labs) on accourt ofthe diference in applicable share ‘Prices onthe grat date andthe vesting date atthe time of cash setlement with the paren "Further the bank ns submited information to RBI fr the current yar, in conformity of the requirement specified under Section C.1,(I\d) of the RBI Master Cicular reference [RBU2014-152, Ne 1/2014-15 dated July 01, 2018 6s Citibank N.A_ (Incorporate with Limited Liabiiy in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31,2015 Schedule 18 (Continued) Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 30. The folowing disclosures are made under the Micro, Small and Medium Enterprises Developmeat A, 2006 (MSMED") which me ito force fom October 2, 2006, Number ofaplersepond wih cmt aries » » Pineal amor naling as jd te ie ate m 2 ‘Spr ere [eres dsthowon - ‘ou nee pt nd payments ae the ple beyand a ‘hearin cy dinghy Sivucaectptie peeenig feces eae Siicec nee =e Soy Semaine oe Sait ee ‘The disclosure js tase on the information and veards aval with the Bank in respect ofthe Micro, Snall and Medium Enterprises who have registered with the competent hoi, SI. For the year endbd March 31, 2015, a penalty of Re, 5 lke was levid by RBI de to ‘shonin setlenent of secures to CCTL in respet of deliverable obligation under Repo “Trades undertake by the Bank. (Previous Year NIL), 32, As at March 31,2015, there were oustanding sivanes for Rs.1,032 lakhs saint security of intangible asets and tho amount of sich intangibles ie Rs. 132 lake (Previous year: outstanding sdvances — Rs, 10958 Lakhs and ietangbles of Rs, 3825 Tak). 38. In acondance wih RBI instuetons for compilation of financial statements, dels of ‘expenses included in ‘other expenditure’. exceeding 1% of the tt income are tt boos ed sss 309 ra Citibank N.A. (ncorporated with Limited Liability in USA) Schedules forming part of the financial statements of the Indian branehes (Continued) or the year ended March 31, 2015 Schedule 18 (Continued) Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) ene 1385 (©) No-efconpiins eset dng he ar wen nde (© No-efconpits pening teed oe ee ‘o m4 Awards pass by the Berking Ombudsman Parteare means 2002014 (6 oF imme va hp NL x (0) Nove Avr dy the Baking Onbutn dig me Ne (©) Noe Ava inphntte ugh sor mw Nu {© No-cfuncptiened Avast ee of he ee mt NL 35. Baneassurance business ‘Ste oflncome aowans 209-201 1 ferstng ih nar ples 2 Formic ae 3 Foreign ad prt 36. Provison Coverage Ratio ‘The Provisioning Coverage Ratio of the Bank stands st $7.29% as on March 31,2015 (revous year 81.16%). In accordance with RBI circular DBODNo.BP.BC9/2.04 0482014-15 dated July 1, 2014, tenia write-off upto the ‘lance sheet date are include in the Provision Coverage Ratio o Citibank N.A. (Ancorporated with Linited Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015, ‘Schedule 18 (Continued) 'V. Notes forming part of the financial statements for the year ended ‘March 31, 2015 (Continued) 37. ‘Transfers to Depsitor Education and Awareness Fund (DEAR) Jn accordance with RBI guidelines issued vide circular DBOD.No.DEAF Cell BC.101/30.01.0022013-14 ‘dated March 21, 2014, the Bank hae transfered ‘seamed balances on its books fo DEAF inthe eutent year in accordance withthe sid _idlines as pee the deals provided inthe following ble Toric Soreans (0) Opering alan of anos aret ty DEAF (0) Ad: Ancor toned OEAP arog te et 74 (o) tee: Ano ntaesby DEAF war hans 33 {Ching ttf aun ares DEAF ass ‘The Bank had a policy in exer years of moving ageing unclaimed items other than claimed deposts, which were indvidally below a vate tresold per item, tthe Profit and Loss aeount Such ansfrs tothe Profi and Loss account were only efeted ier meeting addtional criteria sed de diligence as documented in the intra guidelines ofthe Bek, With reference fe unclaimed ims which were transfered to the Profit and Loss account in earlier year, the Bank has underaken a comprehensive exersite forthe period ‘egiming 196 widen such balances which mets te guidelines fr taste to DEAF based on information avalible. In the iatrin, the Bank has ecogrized a grovs fr the ‘amounts identfed at sem which required to be tansered to DEAF on an esinsted ‘sis: Balances ientified on completion ofthis exercise will be tansered to DEAF as per the guidelines provided inte above cular, 38. Corporate Socia! Responsibility (CSR) ‘The Bank is required to make CSR contributions as per the guidelines specified inthe Companies Act, 2013. Further, the Bank being regulted by RBI is required to comply withthe regultions specified under the Banking Regulation Act, 1949 and guidelines {ssuod by RBI fre ime to ime. RBI, vie eelar DBOD No.Dir BC. 5/13 01.012005- (06 dsted Decemter 21,2005, has limited the apgregate amount of donations by » bank uring a financial yea 'o one percent of the published profit of the bunk forthe previous year, The Bank his accordingly applied this guideline in determining te CSR amount equred ote spent toe the curen year as presented inthe table Below Amount in Rs Labs ‘ro sett eu pnt ing hear ‘wut Sng Citibank N.A, (incorporated with Linted Liability in USA) Schedules forming part of the financial statements of the Indian branches (Continued) or the year ended March 31, 2015 ‘Schedule 18 (Continued) ‘Notes forming part of the financial statements for the year ended March 31, 2015 (Continued) 39. Concentration of Deposits, Advances Exposures and NPAs A.) Concentration of Deposs " Mars, 2n15 Maho ait ast Basa “oul Dap of men tet dept Pesenap of Depa of en ge Sess aK Tout Danas in| * tear deposi are excluded (i) Concentration of Advances* Mar 3, 2915 Mah, 204 “ott Advent bros Taiaere 8004509 rca Aneto gee DoH 2 nome * Represnts credit exposure (funded and nonfunded) including derivatives exposure as prescribed in Master Creulr on” Exposure Norms DBOD Ne Di.BC.1213.03.007201415 date July 1, 2014 (Gy Concentcaion of Exposures” “Tua net wey lp baronet senzs — e2aaae ‘renter Expres ome ip na ain nonesatnrs e Eac fte Rakon 1 Repeat cit and inane expos a preseibed in Master Cour om Exposure Norms DBOD No Dir BC12/13.03 00201415 dated July 1,201 (v) Concentration of NPAS “aut ager toon a NPA ss (Gra) Citibank N.A. (incorporated with Limited Liabiityin USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2015 Schedule 18 (Continued) V. Notes forming part of the financial statements for the year ended ‘March 31, 2015 (Continued) ‘Concentration of Deposits, Advances, Exposures and NPAs (Continued) B. Sectorsnve Advances lbs Ontenaig Grou NPA Seal Gras Ne ‘Tout Ades acto A Palo Sect Apter anid tls ct) um Spiers tans sae {0 Abeer & sss a. (cholate Chenietadite aS =n (0 Anand mest te 3 Seas sig ang ofa {ofesion Seice mer 65s) 150% (@)Canpuer Stare mas = tae {©)olnle Tce asm coos 4 Pens at men 32mm Sib (A) soy aye 6% BD New Party Sete Agere and lad aes : aa. 2 tata tana asst Otte (0 Atri een sue same ey Aui rawr mm (@chemials a Chenel Podae may gu) (intone ss eae ” Citibank N.A. (@neorporated with Limited Liability in US.A) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 ‘Schedule 18 (Continued) Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 38. Concentration of Deposits, Advanees, Exposures and NPAs (Continued) B. Sectorsnve Advances (Continued) Tea March, 28 See Ontendig Grae NPA Mofo " ‘Miwa 2 Nom-iy Seter 2 Sone tn tae On arf Sere 1 aaa ton a = tm 4 rata sec tai st @) sou sme tan ay 6020 ps tar * Personal Loans include credit car, personal loans, ready credit, advances against financial ast, loans extended against mortage of proper A Pee Sector an seas ne sae oe een me te a = (©) Amati 29 ane 1 Citibank N.A. (Incorporated with Linted Labi in USA) Schedules forming part of the financial statements of the Indian branches (Continued) forthe year ended March 31, 2015 ‘Schedule 18 (Continued) Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 39. Concentration f Deposits, Advances, Exposures and NPAs (Continued) 1B Sector-wise Advances (Continued) rir Sector (a) Conga Sofmare (® Whole Tae (6) Pofenn Seve sibel (4) Non ort Sete Detar anal sve sada orn (0) AllEaieareg (esto once 0) Asmotie (6) Init (© Chane Cec See 8s ort (e) Potesons Senie saan ms (8) Whokante Tae i) oe Pea st aga 6am sibtl 420680 "+ Personal Laans include credit ear, personal loans, ready ered, advances against financial ase, loans extended against mortage of property n Citibank N.A. (Ancorporated wth Limited Libiliy in USA) Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31, 2018 Schedule 18 (Continued) 2». Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) ‘Concentration of Deposits, Advances, Exposures and NPAS (Continued) © Movement uf NPAs Pera aaa 2013204 (ss NPA ton Api nauco 6875 [Alo Fresh ng te er sas 68) seals) peas 20 i /®) Unoxitins yas is (0 Revenge om pi wens a iy Teta Wee as mow (0) wet he tn hones sine) age" 228 Sib) meme sate ‘Grose NPAs ason ah mast 800 ‘Additions to NPA and write off figures presented above include cases of dst write off of advance, . Movement in Technical Write-OfF Aan Bs. Las pei Base asst mae AU Tehri Penal wit of ng yee 2399 now a: Recor ne fe prvi eal rel na roe ‘wince ey” Cetin tales sees mass "includes echnical writ ff considered as writen off daring the yer , Overseas Asets, NPAS and Revenue Amount Rab ‘Toad Ree 220 208 Citibank N.A. (A@ncorporated with Limited Liability in USA} Schedules forming part of the financial statements of the Indian branches (Continued) Jor the year ended March 31,2015 Schedule 18 (Continued) Notes forming part of the financial statements for the year ended Mareh 31, 2015 (Continued) 39. Concentration cf Deposits, Advances, Exposures and NPAs (Continued) F. OmF-batance Sheet SPVs sponsored (which are required tobe consolidated as per seconnding worm) 40, Previous year fgues have been regrouped and relasified, wherever necenary, to conform tote cunt year's resenttion, ‘Aspe ou report of even date tached For BSR& Co, Charered Accountants For and om bel of Citibank NA, - India Brancher Fis Registration No 1¢1288W/W-100022 Mano} Kumar Vijat Pramit shaveri ‘Niraj Pare Partner (Cher Executve Ofcer Chi Financial cer “Membership No: 046882 Moms 25 June 2015

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