Punjab National Bank Auditors

Hello sir would you please provide me Auditors report of Punjab National Bank??? And if you have this report in pdf format then please provide me……

[Shaleen]

Punjab National Bank Auditors Report
Auditor's Report (Punjab National Bank) Year End : Mar '15

1. We have audited the accompanying Standalone financial statements of
PUNJAB NATIONAL BANK (the Bank) as at 31st March, 2015, which
comprise the Balance Sheet as at March 31, 2015, and Profit and Loss
Account and the Cash Flow Statement for the year then ended, and a
summary of significant accounting policies and other explanatory
information. Incorporated in these financial statements are the returns
of 20 branches audited by us and 2771 branches audited by branch
auditors (including 1 off shore banking unit and 25 other offices) and
3 foreign branches audited by local auditors. The branches audited by
us and those audited by other auditors have been selected by the Bank
in accordance with the guidelines issued to the Bank by the Reserve
Bank of India. Also incorporated in the Balance Sheet and the Profit
and Loss Account are the returns from 3795 branches and 1 60 other
offices of the Bank, which have not been subjected to audit. These
unaudited branches and offices account for 7.04 per cent of advances,
27.63 per cent of deposits, 7.43 per cent of interest income and 28.42
per cent of interest expenses.

Management''s Responsibility for the Standalone Financial

Statements

2. Management of the Bank is responsible for the preparation of these
financial statements in accordance with the provisions of Section 29 of
the Banking Regulation Act, 1949 (the Act) and to disclose the
information as may be necessary to conform to form ''A'' and form ''B''
respectively of the Third Schedule to the Act, complying with the
guidelines issued by the Reserve Bank of India (RBI) in this matter
from time to time and the applicable Accounting Standards (AS) issued
by the Institute of Chartered Accountants of India (ICAI). This
responsibility also includes maintenance of adequate accounting records
in accordance with the provisions of the Act, for safeguarding the
assets of the Bank and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting
policies; making judgments and estimates that are reasonable and
prudent; and design, implementation and maintenance of adequate
internal financial controls, that were operating effectively for
ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of these financial
statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

Auditor''s Responsibility

3. Our responsibility is to express an opinion on these financial
statements based on our audit. We conducted our audit in accordance
with the Standards on Auditing (SA) issued by the ICAI. Those
standards require that we comply with ethical requirements and plan and
perform the audit to obtain reasonable assurance about whether the
financial statements are free from material misstatement.

4. An audit involves performing procedure to obtain audit evidence
about the amounts and the disclosures in the financial statements. The
procedures selected depend on the auditor''s judgment, including the
assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal financial control relevant
to the Bank''s preparation of the financial statements that give a true
and fair view in order to design audit procedures that are appropriate
in the circumstances, but not for the purpose of expressing an opinion
on whether the Bank has in place an adequate internal financial
controls system over financial reporting and the operating
effectiveness of such controls. An audit also includes evaluating the
appropriateness of the accounting policies used and the reasonableness
of the accounting estimates made by the Management of the Bank, as well
as evaluating the overall presentation of the financial statements.

5. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for expressing our audit opinion on
these financial statements.

Opinion

6. In our opinion, as shown by the books of the Bank, and to the best
of our information and according to the explanations given to us:

i. the Balance Sheet, read with the notes thereon is a full and fair
Balance Sheet containing all the necessary particulars, is properly
drawn up so as to exhibit a true and fair view of state of affairs of
the Bank as at 31st March 2015 in conformity with accounting principles
generally accepted in India;

ii. the Profit and Loss Account, read with the notes thereon shows a
true balance of profit, in conformity with accounting principles
generally accepted in India, for the year covered by the account; and

iii. the Cash Flow Statement gives a true and fair view of the cash
flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

7. The Balance Sheet and the Profit and Loss Account have been drawn up
in Forms A and B respectively of the Third Schedule to the Act,

8. Subject to the limitations of the audit indicated in paragraphs 1 to
5 above and as required by the Banking Companies (Acquisition and
Transfer of Undertakings) Act, 1970, and subject also to the
limitations of disclosure required therein, we report that:

a. We have sought and obtained all the information and explanations
which to the best of our knowledge and belief were necessary for the
purposes of our audit and found them to be satisfactory.

b. In our opinion, proper books of account as required by law have been
kept by the Bank so far as it appears from our examination of those
books;

c. The Balance Sheet, the Profit and Loss Account and the Cash Flow
Statement dealt with by this Report are in agreement with the books of
account and returns;

d. The transactions of the Bank, which have come to our notice, have
been within the powers of the Bank.

e. The returns received from the offices and branches of the Bank have
been found adequate for the purposes of our audit except in certain
cases where the returns as certified by the management have been relied
upon.

f. In our opinion, the aforesaid standalone financial statements comply
with the applicable Accounting Standards.

For and on behalf of For and on behalf of For and on behalf of
K. N. Gutgutia & Co. CVK & Associates Ramesh Kapoor& Co.
Chartered Chartered Chartered
Accountants Accountants Accountants

FRN 304153E FRN 101 745W FRN 001477N

B R Goyal A K Pradhan Ramesh Kapoor

Partner Partner Partner

M No. 012172 M No. 032156 M No. 080725

For and on behalf of For and on behalf of For and on behalf of
Chhajed & Doshi R. Devendra Kumar Hem Sandeep & Co.
Chartered & Associates Chartered
Accountants Chartered Accountants
FRN 101 794W Accountants FRN 009907N

FRN 114207W

M P Chhajed Neeraj Golas Manish Gupta

Partner Partner Partner

M No. 049357 M No. 074392 M No. 092257

May 08, 2015
Place: New Delhi

Source : Dion Global Solutions Limited

Here I am putting some content out side from the file…..

It have audited the accompanying Standalone financial statements of
PUNJAB NATIONAL BANK (the Bank) as at 31st March, 2015, which comprise the Balance Sheet as at March 31, 2015, and Profit and Loss
Account and the Cash Flow Statement for the year

Auditor’s Responsibility:
Auditor’s Responsibility is to express an opinion on these financial statements based on our audit.

Address:
Auditor's Punjab National Bank
Mallian Kalan, Punjab 144630

I would like to know the auditors appointed by Punjab National bank as well as the share prices of Punjab National Bank?

[Shaleen]

Punjab National Bank has appointed Phillipos & Co., Bangalore, K N Gutgutia & Co., Kolkata, CVK & Associates, Mumbai, Ramesh Kapoor & Co., Srinagar, Borkar & Muzumdar, Mumbai and G S Madhava Rao & Co., Hyderabad as statutory central auditors of the bank for the year 2012-13.

Out of the above, the first 4 firms have been appointed in place of four statutory central auditors, who have retired on completing their term. Further, Borkar & Muzumdar, Mumbai and G S Madhava Rao & Co., Hyderabad are the existing firms, who have not completed their tenure.

The report presented to the president of India by the auditors cover the following aspects:

1. Report on the Financial Statements

2. Management's Responsibility for the Standalone Financial Statements

3. Auditor's Responsibility

4. Auditor's Opinion

5. Report on Other Legal and Regulatory Requirements

The share prices of Punjab National Bank is as given below:

BSE
Dec 24, 11:51
120.45
-0.85 (-0.70%)
VOLUME 204303

NSE
Dec 24, 11:50
120.25
-1.05 (-0.87%)
VOLUME 1792803

Please find a file below which has the information on the Share holding Pattern for the Punjab National Bank.