[nilesh]

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Hi I would like to have information about the auditors reports for the financial results which had been declared by Catholic Syrian Bank for 2015-2016?

[Vishal Kotkar]

Independent Auditors have inspected the going with money related articulations of The Catholic Syrian Bank Limited, ('the bank') which include the Balance Sheet as at 31 March 2016, the Profit and Loss Account, the Cash Flow Statement for the year then finished, and a synopsis of noteworthy bookkeeping arrangements and other logical data contained in the notes to accounts. Fused in these money related articulations are the profits of 29 branches/workplaces examined by the inspectors and 427 branches/workplaces reviewed by the branch evaluators.

Management’s Responsibility for the Financial Proclamations

The Bank's Board of Directors is in charge of the matters expressed in area 134(5) of the Companies Act, 2013 ('the Act') as for the planning of these money related explanations that give a genuine and reasonable perspective of the money related position, monetary execution and money streams of the Bank as per the bookkeeping standards for the most part acknowledged in India, including the Bookkeeping Standards determined under segment 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and arrangements of Section 29 of the Banking Direction Act, 1949 and handouts and rules issued by the Reserve Bank of India ('RBI') from time to time.

Auditors Responsibility

The duty is to express a feeling on these money related explanations in light of our review.

The review was directed of the Bank including its branches as per Standards on Auditing ('the Standards') determined under area 143(10) of the Act.

A review includes performing methods to acquire review prove about the sums and the exposures in the monetary proclamations. The techniques chose depend on the evaluator's judgment, including the appraisal of the dangers of material misquote of the money related articulations, regardless of whether because of misrepresentation or mistake. In making those hazard evaluations, the examiner considers inward budgetary control significant to the Bank's planning of the budgetary explanations that give a genuine and reasonable view in request to configuration review methods that are proper in the conditions. A review additionally incorporates assessing the suitability of bookkeeping strategies utilized and the sensibility of the bookkeeping gauges made by the Bank's Directors, and in addition assessing the Money related Statements general introduction of the budgetary proclamations. It trusts that the review confirm the data is adequate and fitting to give a premise to the review feeling on the money related explanations.

Opinion

As would like to think and to the best of the data what's more, as per the clarifications given, the previously mentioned monetary articulations give the data required by the Banking Regulation Act, 1949 also as the Companies Act, 2013 in the way so required for managing an account organizations and give a genuine and reasonable view in congruity with bookkeeping standards for the most part acknowledged in India of the situation of the Bank as at 31st March, 2016, and its misfortune and its money streams for the year then finished.

Give an account of Other Legal and Regulatory Requirements

The Balance Sheet and the Profit and Loss Account have been attracted up understanding with the arrangements of Section 29 of the Banking Regulation Act, 1949 read with Section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014.