Audit Reports

We noticed that the amount of interest receivable worked out to ` 33.23 crore by adopting the weighted average PLR of SBI. However, the Party paid (March 2007 and September 2007) the balance lease premium alongwith 10per cent interest of ` 29.30 crore. The Company referred (May 2007) the Ψ ΨΨ.........

Commissioner, Scheduled Tribes and Scheduled Caste Welfare, Betul during the year, `17 crore Chapter III-Financial Reporting 61 were transferred to SBI current account of Assistant Commissioner, Tribal Welfare Betul during 2010-11, in contravention of Finance Department instructions (February.........

The working capital loan of ` 5 crore was secured by mortgage of fixed assets ranking paripasu with the charge already created in favour of SBI for a term loan of ` 11.66 crore availed from SBI. The unit again defaulted on repayment of the working capital loan and requested the Corporation to.........

From 2011-12 onwards, Ministry of Human Resource Development (MHRD) transferred the implementation of the scheme from SBI to Canara Bank. The funds for incentiv e to the eligible girls were released to Canara Bank directly by MHRD from July 2011 onwards. Test check conducted in 27.........

96 Bank Guarantee No. 0194610BG0019484 of State Bank of India (SBI) for ` 86.58 lakh expired on 08.12.2012, No. 0194610BG0019375 of SBI for ` 43.29 lakh expired on 06.04.2012 and No. 0194611BG0019099 of SBI for ` 43.29 lakh expired on 24.02.2012 97 10 per cent of the contract value 98 Pumping.........

(May /September 2012) for laying of pipe lines in the reserve forest area of Rathikalava without prior permission of GoAP and GoI 33 Calculated at SBI PLR plus 2 per cent (ranged from 13.75 to 16.75 per cent ). 34 The contract for construction of WHP was separately awarded to M/S Larson and.........

Punjab National Bank and Axis Bank did not credit the collected revenue into SBI, Doranda Branch for credit into Government account, within the prescribed time. The delays ranged from one month to 11 months and ` 18.31 crore was retained at the end of March 2010. Further, the collecting banks.........

The Department intimated (29 June 2011) SBI regarding its claim from the dealer. SBI sold the dealer's property to M/s Imperial Techno Forge Pvt. Ltd. on 24 February 2012 with the condition that if any dues outstanding by the defaulter towards Government dues should be borne by the purchaser..........

The Management stated (August 2011) that SBI as a leader Bank was working out a negotiated settlement package for entire credit facilities on behalf of all lenders including J&K Bank. The fact remains that in any case the Bank would not get the entire recoverable amount and was bound to suffer.........

Further, spaces were also allotted to the HARCO Bank (356.50 square feet) and SBI (434 square feet) in its new Secretariat build in g, S ector 17, Chand igarh withou t enterin g into any agreem ent for rent and paym ent of electricity char ges. Resu ltan tly, ` 23. 43 lakh (Rent : ` 17.27 lakh.........