Corporate Finance and Subsidiary Analysis
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Questions and Answers

What percentage of the total is represented by the net total?

  • 100.00% (correct)
  • 100.46%
  • 51.04%
  • 99.64%

    • What was the written down investment amount in PIPDICL?

  • Rupee Ten
  • Rupee Five
  • One Hundred Rupees
  • Rupee One (correct)

    • Which of the following subsidiaries had an investment percentage of 0.00%?

  • North Eastern Development Finance Corporation Ltd. (correct)
  • Pondicherry Industrial Promotion Development & Investment Corporation Ltd.
  • Biotech Consortium India Ltd. (correct)
  • National Securities Depository Ltd.

    • What is the elimination percentage shown in the total?

    <p>0.36%</p> Signup and view all the answers

    How many entities are noted as subsidiaries with no financial statements received?

    <p>One</p> Signup and view all the answers

    What was the total recorded amount for the Indian entities listed?

    <p>51,044</p> Signup and view all the answers

    What is the financial status of the Foreign entities as mentioned?

    <p>No financial details available.</p> Signup and view all the answers

    Which financial figure has a negative representation in the details?

    <p>(0.46%)</p> Signup and view all the answers

    What technology has Your Bank implemented to support secured access for work from anywhere?

    <p>Zero Trust Network Architecture (ZTNA)</p> Signup and view all the answers

    What is the purpose of the Data Leakage Prevention (DLP) tool implemented by Your Bank?

    <p>To safeguard data of the Bank and its customers</p> Signup and view all the answers

    Which of the following measures has Your Bank taken to reduce environmental impact?

    <p>Adoption of virtualized and on-premise private cloud setups</p> Signup and view all the answers

    What type of firewall has Your Bank installed to protect customer-facing applications?

    <p>Enterprise-grade Web Application Firewall (WAF)</p> Signup and view all the answers

    Which regulatory authority is NOT mentioned in the acknowledgments of Your Bank's Board of Directors?

    <p>Insurance Regulatory and Development Authority (IRDA)</p> Signup and view all the answers

    What initiative is associated with the improvement of Your Bank’s compliance systems?

    <p>Devising proper systems to ensure compliance</p> Signup and view all the answers

    In which area has Your Bank increased its operations to promote sustainability?

    <p>Virtualized and on-premise private cloud setups</p> Signup and view all the answers

    What type of architecture is Your Bank employing to enhance security?

    <p>Zero Trust Network Architecture</p> Signup and view all the answers

    What approach does your Bank adopt in its business strategy?

    <p>Customer-first approach</p> Signup and view all the answers

    Which of the following is NOT a method your Bank uses to connect with its customers?

    <p>Social media influencers</p> Signup and view all the answers

    What is the goal of the outreach programmes conducted by your Bank?

    <p>To enhance financial literacy</p> Signup and view all the answers

    What does your Bank emphasize while augmenting its loan book?

    <p>Maintaining asset quality</p> Signup and view all the answers

    Which business initiative aims to connect with vulnerable sections of society?

    <p>Financial inclusion</p> Signup and view all the answers

    What key aspect is your Bank promoting to retain stakeholder trust?

    <p>Corporate governance standards</p> Signup and view all the answers

    In what manner is your Bank leveraging its delivery model?

    <p>Through a scalable hybrid delivery model</p> Signup and view all the answers

    What type of banking solutions does your Bank offer to customers?

    <p>Innovative and customized solutions</p> Signup and view all the answers

    What was Your Bank's CET1 + CCB ratio as of March 31, 2024?

    <p>20.11%</p> Signup and view all the answers

    Which of the following is NOT a focus area mentioned in Your Bank's strategic business plan?

    <p>Enhancing non-retail corporate lending</p> Signup and view all the answers

    What regulatory requirement did Your Bank exceed with a Leverage Ratio of 8.53%?

    <p>3.50%</p> Signup and view all the answers

    Which segment received priority in lending from Your Bank?

    <p>Retail, Agriculture &amp; MSME</p> Signup and view all the answers

    Which type of deposits were built to meet growing credit demand?

    <p>Current Account &amp; Savings Account (CASA) deposits</p> Signup and view all the answers

    What method did Your Bank employ for validating compliance with financial controls?

    <p>External consultant</p> Signup and view all the answers

    What type of certificate was submitted by the consultant during FY 2023-24?

    <p>Internal Compliance Certificate</p> Signup and view all the answers

    What was the regulatory requirement for the Tier 1 + CCB ratio as of March 31, 2024?

    <p>9.50%</p> Signup and view all the answers

    How many Directors were on the Board as of March 31, 2024?

    <p>14</p> Signup and view all the answers

    Which of the following positions is held by Shri T.N. Manoharan?

    <p>Independent Director &amp; Part-Time Chairman</p> Signup and view all the answers

    What is the maximum annual remuneration reported for any personnel in the Bank?

    <p>Rs. 1.02 crore</p> Signup and view all the answers

    Which type of Directors are Shri Mukesh Kumar Gupta and Shri Raj Kumar?

    <p>LIC Nominee Directors</p> Signup and view all the answers

    What is the total number of committees overseen by the Board?

    <p>13</p> Signup and view all the answers

    As per the provided information, what is the significance of Article 114(a) of the Articles of Association?

    <p>It specifies the required strength of Directors on the Board.</p> Signup and view all the answers

    What is the maximum monthly remuneration reported for personnel during the financial year?

    <p>Rs. 8.50 lakh</p> Signup and view all the answers

    What type of report is included as a separate section in the Annual Report?

    <p>Business Responsibility &amp; Sustainability Report</p> Signup and view all the answers

    Study Notes

    Subsidiary Companies

    • Biotech Consortium India Ltd, North Eastern Development Finance Corporation Ltd, and Pondicherry Industrial Promotion Development & Investment Corporation Ltd (PIPDICL) are subsidiaries with varying levels of reported financial information. PIPDICL's investment has been written down to Rupee One due to a lack of received financial statements.
    • IDBI Federal Life Insurance Company Ltd is a subsidiary with 0% ownership reported.
    • National Securities Depository Ltd has a 0.88% ownership reported.
    • Total consolidated ownership of subsidiaries is 99.64%, with eliminations bringing the net total to 100%.

    Financial Ratios and Regulatory Compliance

    • Equity Tier 1 (CET1) + CCB ratio was 20.11%, exceeding the 8.00% regulatory requirement.
    • Tier 1 + CCB ratio was 20.11%, exceeding the 9.50% regulatory requirement.
    • Leverage Ratio was 8.53%, exceeding the 3.50% regulatory requirement.

    Business Strategy and Initiatives

    • The bank prioritizes profitable growth, strong balance sheet, and healthy capital.
    • Focus is on lending to Retail, Agriculture & MSME (RAM) segments and selectively to well-rated corporates.
    • CASA deposits are actively built, supplemented by retail term and bulk deposits.
    • The bank uses a hybrid delivery model (physical branches, ATMs, digital channels).
    • Initiatives include implementing Zero Trust Network Architecture (ZTNA), Virtual Desktop Interface (VDI), Data Leakage Prevention (DLP) tools, and a Web Application Firewall (WAF) to enhance security.
    • The bank is reducing its physical server count and increasing virtualization and private cloud usage for energy efficiency.
    • The bank aims to provide a secure, seamless, and convenient banking experience through digital technologies.
    • The bank actively focuses on acquiring and deepening relationships with well-rated corporate accounts.
    • The bank is concentrating on increasing interest and fee income through improved utilization of sanctioned limits and cross-selling.
    • The bank is monitoring asset quality to minimize slippages while growing its loan book.

    Corporate Governance and Board Composition

    • The Board comprised 14 directors as of March 31, 2024, meeting the requirements of Article 114(a) of the Articles of Association.
    • The Board includes Independent Directors, MD & CEO, Government Nominee Directors, and LIC Nominee Directors.
    • Thirteen committees oversee various functional areas of the bank's business and operations.
    • The bank has implemented an IFCO-FR framework for evaluating its internal financial controls system. A consultant validated compliance.

    Remuneration

    • Three personnel received remuneration exceeding ₹1.02 crore annually.
    • No personnel received remuneration exceeding ₹8.50 lakh per month.

    Acknowledgements

    • The Board expresses gratitude to the Government of India, RBI, SEBI, other regulatory authorities, LIC, State Governments, other banks, multilateral institutions, and international banks for their support and cooperation.

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    IDBI Bank Directors' Report 2023-2024 PDF

    Description

    This quiz covers the financial analysis of subsidiary companies and regulatory compliance in corporate finance. It examines ownership percentages, financial ratios, and the bank's strategic initiatives. Test your knowledge on financial metrics and business strategies in the context of subsidiary management.

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