D. Significant accounting policies:

1. Cash and Cash equivalents:

Cash and cash equivalents include cash in hand and ATMs,
balances with the Reserve Bank of India, balances with other
banks and money at call and short notice.

2. Revenue recognition:

2.1 General

Income/ expenditure is generally accounted for on
accrual basis except for income accounted on cash basis
as per regulatory provisions.

2.2 Income from investments

a) The Profit or loss on sale of investments is recognised
in the Profit and Loss Account. In accordance with
the guidelines issued by the Reserve Bank of India,
profit on sale of investments in the Held to Maturity
(HTM) category is appropriated (Net of applicable
taxes and amount required to be transferred to
"Statutory Reserve Account") to the "Capital Reserve
Account".

b) Dividend income is recognized when right to
receive the dividend is established.

c) Upside on security receipts is recognised on
realisation as 'Other income'.

2.3. Sale of financial assets

Financial Assets sold are recognized as under:

a) The sale of NPA is accounted as per guidelines
prescribed by RBI. When the Bank sells its
financial assets to Securitisation Company (SC)/
Reconstruction Company (RC), the same is removed
from the books.

b) In case the sale to SC/ARC is at a price lower than
the Net Book Value (NBV) the shortfall is charged to
the Profit and Loss Account in the year of sale.

c) In case the sale is at a price higher than the NBV on
cash basis, the surplus is taken to the credit of Profit
and Loss Account.

2.4. Fee based income

Commission on letters of credit, bank guarantee
and deferred payment guarantee are recognised on
accrual basis proportionately over the period. All other
commission and fee income are recognised on their
realisation.

2.5 Others

Interest on income tax refund is accounted on receipt of
refund order(s)/ intimation from Income Tax Department
and acceptance by the Bank.

3. Advances:

3.1 Based on the guidelines/ directives issued by the RBI,
loans and advances are classified as performing and
non-performing, as follows:

a) The term loan is classified as a non-performing
asset, if interest and/ or instalment of principal
remains overdue for a period of more than 90 days.

b) An overdraft or cash credit is classified as a non¬
performing asset, if, the account remains "out of
order", i.e. if the outstanding balance exceeds
the sanctioned limit/ drawing power continuously
for a period of 90 days, or if there are no credits
continuously for 90 days, or if the credits are not
adequate to cover the interest debited during the
previous 90 days period.

c) The bills purchased/ discounted are classified as
non-performing asset if the bill remains overdue for
a period of more than 90 days.

d) The agricultural advances are classified as a non¬
performing if, (i) for short duration crops, where the
instalment of principal or interest remains overdue
for two crop seasons; and (ii) for long duration crops,
where the principal or interest remains overdue for
one crop season.

e) a working capital borrowal account where irregular
drawings are permitted in the account for a
continuous period of 90 days even though the unit
may be working or the borrower's financial position
is satisfactory;

f) an account where the regular / ad hoc credit limits
have not been reviewed / renewed within 180 days
from the due date / date of ad hoc sanction;

g) the amount of liquidity facility remains outstanding
for more than 90 days, in respect of a securitisation
transaction undertaken in terms of the Reserve
Bank of India (Commercial Banks - Securitisation
Transactions) Directions, 2025;

h) in respect of derivative transactions, the overdue
receivables representing positive mark-to-market
value of a derivative contract, remain unpaid for a
period of 90 days from the specified due date for
payment.

3.2 Non-performing assets are classified into sub-standard,
doubtful and loss Assets, based on the following criteria
stipulated by RBI

i. Sub-standard: A loan asset that has remained non¬
performing for a period less than or equal to 12
months.

ii. Doubtful: A loan asset that has remained in the
sub-standard category for a period of 12 months or
Sub-Standard Accounts where erosion in the value
of security by more than 50% of the value assessed
by the bank or accepted by RBI at the time of last
inspection, as the case may be.

iii. Loss: A loan asset where loss has been identified but
the amount has not been fully written off or if the
realisable value of the security as assessed by the
Bank/approved valuers/RBI is less than 10 percent
of the outstanding.

3.3 Provisions are made for NPAs as per the extant guidelines
prescribed by the regulatory authorities, subject to
minimum provisions as prescribed below:

Sub-standard assets:

i. A general provision of 15% on the total outstanding.

ii. Additional provision of 10% (a total of 25 per cent
on the outstanding balance) for exposures which
are unsecured ab-initio (i.e. where realisable value
of security is not more than 10 percent ab-initio).

iii. Unsecured Exposure in respect of infrastructure
advances where certain safeguards such as escrow
accounts are available - 20%.

Advance covered by guarantees under any existing
or future schemes launched by Credit Guarantee
Fund Trust for Micro and Small Enterprises
(CGTMSE), Credit Risk Guarantee Fund Trust for
Low Income Housing (CRGFTLIH) and National
Credit Guarantee Trustee Company Ltd (NCGTC).

In case the advance covered by any existing or
future schemes/guarantees launched by CGTMSE,
CRGFTLIH and NCGTC becomes nonperforming,
no provision need be made towards the guaranteed
portion. The amount outstanding, in excess of the
guaranteed portion, should be provided for as
per the extant guidelines on provisioning for non¬
performing assets.

3.4 Advances are shown net of provisions (in case of NPA),
Unrealised Interest, amount recovered from borrowers
held in Sundries and claims received from CGTSI/
ECGC, etc.

3.5 For restructured/ rescheduled assets, provisions are
made in accordance with the guidelines issued by the
RBI, which inter alia require that the difference between
the fair value of the loans/ advances before and after
restructuring is provided for, in addition to provision
for the respective loans/ advances. The provision for
diminution in fair value and interest sacrifice, if any,
arising out of the above, is reduced from advances.

3.6 In addition to the specific provision on NPAs, general
provisions are also made for standard assets as per
extant RBI guidelines. These provisions are reflected in
Schedule 5 of the Balance Sheet under the head "Other
Liabilities & Provisions - Others" and are not considered
for arriving at the Net NPAs.

3.7 In the case of loan accounts classified as NPAs, an
account may be reclassified as a performing asset if it
conforms to the guidelines prescribed by the regulators.

3.8 Amounts recovered against debts written off in earlier
years are recognised as revenue in the year of recovery.

3.9 Additional provisions higher than regulatory norms are
made in specific assets in view of the identified weakness
and/ or prevailing economic situation.

3.10 Partial recoveries in non-performing account (including
partially written off accounts) are appropriated in the
following order:

i. Principal Overdue / Irregularities

ii. Unrealised interest

iii. Partial Written Off principal

iv. Uncharged Interest

v. Unrealised charges

In case of suit filed/SARFAESI/ recalled accounts,
recovery is appropriated in the following order:

i. Ledger outstanding balance

ii. Unrealised interest

iii. Partial Written Off principal

iv. Uncharged Interest

v. Unrealised charges

However, where any borrower account is required to be
classified as non-performing from an earlier date, any
recovery till the account was classified as Standard is
first credited to Interest on Loans and Advances

In case of Compromise and Resolution/ Settlement
through National Company Law Tribunal (NCLT) cases,
the recoveries are appropriated as per the terms of
respective compromise/ resolution/ settlement. And in
case of suit filed accounts, recovery is appropriated as
per directives of respective courts.

4 Provision for country exposure:

In addition to the specific provisions held according to
the asset classification status, provisions are also made for
individual country exposures (other than the home country).
Countries are categorised into seven risk categories, namely,
insignificant, low, moderate, high, very high, restricted and
off-credit and provisioning made as per extant RBI guidelines.
If the country exposure (net) of the Bank in respect of each
country does not exceed 1% of the total funded assets, no
provision is maintained on such country exposures.

5. Investments:

Investments are accounted for in accordance with the
extant guidelines Reserve Bank of India Master Direction
- Classification, Valuation and Operation of Investment
Portfolio of Commercial Banks (Directions), 2023 vide RBI/
DOR/2025-26/162 DOR.MRG.REC.No.81/00-00-001/2025-
26 dated 28.1 1.2025

5.1 Classification:

In accordance with the guidelines issued by the Reserve
Bank of India, Investment portfolio is to be classified
(except investments in their own subsidiaries, joint
ventures and associates) under three categories, viz.,
Held to Maturity (HTM), Available for Sale (AFS) and Fair
Value through Profit and Loss (FVTPL). Held for Trading
(HFT) shall be a separate investment sub- category
within FVTPL. Investments in subsidiaries, associates
and joint ventures shall be held in a distinct category i.e.
"SAJV" separate from the other investment categories.

For disclosure in the Balance Sheet in Schedule 8,
investments are classified as Investments in India and
outside India.

Under each category, the investments in India are further
classified as

a) Government Securities

b) Other Approved Securities

c) Shares

d) Debentures and Bonds

e) Subsidiaries, joint ventures/associates and
sponsored institutions; and

f) Others (Commercial Papers and units of Mutual
Funds etc.)

The investments outside India are further classified
under 3 categories

a) Government Securities

b) Subsidiaries and Joint Ventures/Associates

c) Other Investments

5.2 Basis of Classification:

Classification of an investment is done at the time of
purchase into the following categories:

(a) Held to Maturity: Investments that the Bank intends
to hold till maturity are classified as "Held to
Maturity (HTM)" which meets Solely Payment of
Principal and Interest (SPPI) criteria.

(b) Available for Sale: Investments that the Bank intends
to hold till maturity & sale which meets SPPI Criteria.

(c) FVTPL: Securities that do not qualify for inclusion in
HTM or AFS shall be classified under FVTPL. HFT
shall be separate sub-category within FVTPL.

(d) Investments in subsidiaries, associates and joint
ventures shall be held sui generis i.e., in a distinct
category for such investments separate from the
other investment categories (viz. HTM, AFS and
FVTPL).

(e) Only those financial instruments are included in
HFT where there is no legal impediment against
selling or fully hedging it.

5.3 Valuation:

The transactions in all securities are recorded on a
Settlement Date and cost is determined on the weighted
average cost method.

A. Incentive, front-end fees etc., received on
purchase of securities are reduced from the cost of
investments.

B. Expenses such as brokerage, fees, commission or
taxes incurred at the time of acquisition of securities
are charged to the Profit and Loss Account as
revenue expenses.

C. Broken Period interest paid/ received on debt
instruments is treated as interest expense/ income
and is excluded from cost/ sale consideration.

All the securities have been valued as per extant RBI

guidelines and also as per the prices / quotes declared

by FIMMDA / FIBIL /AMFI and stock exchanges.

a) Valuation of investments classified as Held to
Maturity:

The investments classified under this category
are carried at acquisition cost. The difference of
acquisition cost / book value over the face value
is amortised over the remaining period of maturity.
Such amortisation of premium/discount is accounted
as expense/income. However, they shall be subject
to income recognition, asset classification and
provisioning norms.

b) Investments in Subsidiaries, Joint ventures and
Associates (SAJV)

All investments (i.e., including debt and equity) in
subsidiaries, associates and joint ventures shall be
held at acquisition cost. A provision is made for
diminution, other than temporary in nature, for
each investment individually.

c) Valuation of investments classified as Available for
sale:

Investments classified as Available for Sale are
individually revalued at market price or fair value
determined as per the regulatory guidelines. The
difference of acquisition cost / book value over the
face value is amortised over the remaining period
of maturity. Such amortisation of premium/discount
is accounted as expense/income. The valuation
gains and losses across all performing investments,
irrespective of classification (i.e., Government
securities, Other approved securities, Bonds and
Debentures, etc.), held under AFS is aggregated.
The net appreciation or depreciation is credited or
debited to AFS- Reserve without routing through
the Profit & Loss Account. However, they shall be
subject to income recognition, asset classification
and provisioning norms.

d) Valuation of investments classified as FVTPL (HFT
& NON HFT):

Investments classified as FVTPL (HFT & NON HFT)
are individually revalued at market price or fair
value determined as per the regulatory guidelines.
The net Gain or loss arising on valuation is directly
credited/debited to the Profit and Loss Account. For
securities which meet SPPI criterion, the difference
of acquisition cost / book value over the face
value is amortised over the remaining period of
maturity. Such amortisation of premium/discount is
accounted as expense/income. However, they shall
be subject to income recognition, asset classification
and provisioning norms. Fair Valuation of all HFT
instruments is done on daily basis and any valuation
change is recognised in profit and loss account.

e) Valuation in case of sale of NPA (financial asset) to
Asset Reconstruction Company (ARC) against issue
of Govt Guaranteed Security Receipts (SRs):

i) If a loan is transferred to an ARC for a value

higher than the book value (NBV), the excess
provision can be reversed to the Profit and
Loss Account in the year of transfer if the sale
consideration comprises only of cash and SRs
guaranteed by Govt of India.

ii) SRs shall be valued periodically by reckoning
the Net Asset value (NAV) declared by the
ARC based on the recovery ratings received.
SRs Outstanding after the final settlement of
the government guarantee or the expiry of the
guarantee period whichever is earlier, shall be
valued at one Rupee ('1).

f) Valuation in case of sale of NPA (financial asset) to

Asset Reconstruction Company (ARC) against issue

of Non Govt Guaranteed Security Receipts (SR):

i) When the stressed loan is transferred to ARC at
a price below the NBV at the time of transfer,
lenders shall debit the shortfall to the profit
and loss account for the year in which the
transfer has taken place. Banks are permitted
to use countercyclical or floating provisions for
meeting any shortfall on transfer of stressed loan
when the transfer is at a price below the NBV.

ii) On the other hand, when the stressed loan is
transferred to an ARC for a value higher than
the NBV at the time of transfer, lenders shall
reverse the excess provision on transfer to the
profit and loss account in the year the amounts
are received and only when the sum of cash
received by way of initial consideration and /
or redemption or transfer of Security Receipts
(SR) / Pass Through Certificates (PTCs)/ other
securities issued by ARCs is higher than the
NBV of the loan at the time of transfer. Further,
such reversal shall be limited to the extent to
which cash received exceeds the NBV of the
loan at the time of transfer.

iii) Investments by lenders in SRs / PTCs / other
securities issued by ARCs shall be valued
periodically by reckoning the Net Asset Value
(NAV) declared by the ARC based on the
recovery ratings received for such instruments.
Provided that when transferors invest in the SRs/
PTCs issued by ARCs in respect of the stressed
loans transferred by them to the ARC, the
transferors shall carry the investment in their
books on an ongoing basis, until its transfer or
realization, at lower of the redemption value of
SRs arrived based on the NAV as above, and the
NBV of the transferred stressed loan at the time
of transfer.

iv) If the investment by the transferor in SRs issued
against loans transferred by it is more than 10
percent of all SRs issued against the transferred
asset, then the valuation of the SRs on the
books of the transferor shall be the lower of the
following: i) value arrived as mentioned above
ii) face value of the SRs reduced by the notional
provisioning rate applicable if the loans had
continued on the books of the transferor.

g) Treasury Bills and Commercial Papers are valued at
carrying cost.

5.4 Investments (NPI):

Investments are classified as performing and non¬
performing, based on "Classification, Valuation and
Operation of Investment Portfolio of Commercial Banks
(Directions), 2025" dated 28.1 1.2025 and "Prudential
norms on Income Recognition, Asset Classification and
Provisioning pertaining to Advances", as under:

a) In respect of debt instruments such as bonds or
debentures, Interest/ instalment (including maturity
proceeds) is due and remains unpaid for more than
90 days. The same is applied to preference shares
where the fixed dividend is not paid.

b) In the case of equity shares, in the event the
investment in shares of any company is valued at '1
per company on account of non-availability of the
latest balance sheet, those equity shares would be
reckoned as NPI.

c) The Bank also classifies an investment as a non¬
performing investment, in case any credit facility
availed by the same borrower/ entity has been
classified as a non-performing asset and vice versa.

d) The investments in debentures/ bonds, which are
deemed to be advance, are also subjected to NPI
norms as applicable to investments.

e) Once an investment is classified as NPI it is
segregated from rest of the portfolio and not
considered for netting valuation gains and losses.

5.5 Accounting for Repo/ Reverse Repo transactions

The Bank enters into repurchase and reverse repurchase
transactions with RBI under Liquidity Adjustment Facility
(LAF) and also with market participants. Repurchase
transaction represents borrowing by selling the securities
with an agreement to repurchase the securities. Reverse
repurchase transactions on the other hand represent
lending funds by purchasing the securities.

a) The securities sold and purchased under Repo/
Reverse Repo (other than LAF) are accounted
as overnight Tri-party Repo (TREPS) dealing and
settlement.

b) However, securities are transferred as in the case
of normal outright sale/ purchase transactions and
such movement of securities is reflected using the
Repo/ Reverse Repo Accounts and contra entries.

c) The above entries are reversed on the date of
maturity. Balance in Repo Account is classified
under Schedule 4 (Borrowings) and balance in
Reverse Repo Account is classified under Schedule
7 (Balance with Banks and Money at call & short
notice).

d) Interest expended/ earned on Securities purchased/
sold under LAF with RBI is accounted for as
expenditure/ revenue.

6. Derivatives:

The Bank enters into derivative contracts, such as interest

rate swaps, interest rate futures, currency swaps and cross

currency swaps in order to hedge on balance sheet/ off-

balance sheet assets and liabilities or for trading purposes.

6.1 Derivatives used for hedging are accounted as under:

a) In cases where the underlying assets/ liabilities are
marked to market, resultant gain/loss is recognised
in the Profit and Loss Account.

b) Hedging swaps are marked to market at frequent
intervals. Any mark to market gain or losses are
booked to P&L account on net basis.

c) Gain or losses on termination of swaps are
recognised over the shorter of the remaining
contractual life of the swaps or the remaining life of
the assets/liabilities.

6.2 Derivatives used for trading are accounted as under:

a) Currency futures and interest rate futures are marked
to market on daily basis as per exchange guidelines
of MCX-SX, NSE and BSE.

b) Mark to market profit or loss is accounted by credit/
debit to the margin account on daily basis and the
same is accounted in the Bank's profit and loss
account on final settlement.

c) Trading swaps are marked to market at frequent
intervals. Any mark to market gain or losses are
booked to P&L account on net basis.

d) Gains or losses on termination of swaps are recorded
immediately as income/ expense under the above
head.

7. Transactions involving foreign exchange:

7.1 Foreign currency transactions are recorded on initial
recognition in the reporting currency by applying to the
foreign currency amount the exchange rate between the
reporting currency and the foreign currency.

7.2 Foreign currency monetary items are reported using the
Foreign Exchange Dealers Association of India ("FEDAI")
closing (spot/ forward) rates and the resultant profit or
loss is recognised in the Profit and Loss Account.

Foreign currency non-monetary items, which are carried
at historical cost, are reported using the exchange rate
on the date of the transaction.

Contingent liabilities denominated in foreign currency
are reported using the FEDAI closing spot rates.

7.3 Outstanding foreign exchange spot and forward
contracts are revalued at the exchange rates notified by
FEDAI for specified maturities, and the resulting Profit or
Loss is recognised in the Profit and Loss Account. Foreign
exchange forward contracts which are not intended for
trading and are outstanding at the balance sheet date,
are valued at the closing spot rate.

7.4 Exchange differences arising on the settlement of
monetary items at rates different from those at which
they were initially recorded are recognised as income or

as expense in the period in which they arise.

7.5 Gains/ Losses on account of changes in exchange rates
of open position in currency futures trades are settled
with the exchange clearing house on daily basis and
such gains/losses are recognised in the profit and loss
account.

7.6 Accounting procedure in respect to the Forex Derivatives

of the bank adheres to the RBI Master Direction No.
RBI/DO R/2 02 5-26/1 62 DOR.MRG.REC.No.81/00-

00-001/2025-26 dated 28.1 1.2025 and provisions of
ICAI guidelines on accounting for Derivatives contract
(revised 2021).

8 Investment Fluctuation Reserve:

Investment Fluctuation Reserve is maintained on continuing
basis i.e. at least two percent of the AFS and FVTPL (including
HFT) portfolio by transferring to the IFR an amount not less

than the lower of the following:

(1) Net profit on sale of investments during the year.

(2) Net profit for the year, less mandatory appropriations.

9. Fixed Assets And Depreciation:

9.1 Fixed assets are stated at historical cost less accumulated
depreciation/ amortisation and impairment losses, if any.
Assets which have been periodically revalued are stated
at revalued amount less accumulated depreciation.

Cost includes cost of purchase and all expenditure such
as site preparation, installation costs, taxes professional
fees, etc. incurred on the asset before it is put to use or
capable of ready to use whichever is earlier.

9.2 Subsequent expenditure(s) incurred on assets ready to
use are capitalised only when it increases the future
benefits from such assets or their functioning capability.

10 LEASES:

Operating Lease: Leases where risks and rewards of
ownership are retained by lessor are classified as Operating
Lease as per AS-19 (Leases). Lease payments for assets taken
on Operating lease are recognised as expense in the Profit &
Loss account over the lease term on straight line basis.

Finance Lease: Lease under which the Bank assumes
substantially all the risks and rewards of ownership are
classified as finance leases. Such assets acquired are
capitalized at the inception of the lease and amortised over
the period of lease.

11 Impairment of assets:

Fixed Assets are reviewed for impairment whenever events or
changes in circumstances warrant that the carrying amount
of an asset may not be recoverable. Recoverability of assets
to be held and used is measured by a comparison of the
carrying amount of an asset to future Net Discounted Cash
Flows expected to be generated by the asset. If such assets
are impaired, the impairment to be recognised is measured
by the amount by which the carrying amount of the asset
exceeds the fair value of the asset.

12. Employee Benefits:

12.1 Employee benefits are accrued in the year in which
services are rendered by the employees.

12.2 Short Term Employee Benefits:

The undiscounted amounts of short-term employee
benefits, which are expected to be paid in exchange
for the services rendered by employees, are recognised
during the period when the employee renders the
service.

12.3 Defined benefit plans:

The Bank operates Gratuity and Pension schemes which
are defined benefit plans.

a) The Bank provides for gratuity to all eligible
employees. The benefit is in the form of lump sum
payments to vested employees on retirement, or
on death while in employment, or on termination
of employment, for an amount equivalent to 15
days basic salary payable for each completed
year of service, subject to the cap prescribed by
the Statutory Authorities. Vesting occurs upon
completion of five years of service. The Bank makes
periodic contributions to a fund administered by
Trustees based on an independent external actuarial
valuation.

b) The Bank provides for pension to all eligible
employees. The benefit is in the form of monthly
payments as per rules to vested employees on
retirement or on death while in employment, or
on termination of employment. Vesting occurs at
different stages as per rules. The pension liability
is reckoned based on an independent actuarial
valuation carried out annually and Bank makes
such additional contributions periodically to the
Fund as may be required to secure payment of the
benefits under the pension regulations.

c) The cost of providing defined benefits is determined
using the projected unit credit method, with actuarial
valuations being carried out at each balance sheet
date. Actuarial gains/ losses are immediately
recognised in the Profit and Loss Account and are
not deferred.

d) When the benefits of the plan are changed, or when
a plan is curtailed or settlement occurs, the portion
of the changed benefit related to past service by
employees, or the gain or loss on curtailment or
settlement, is recognized immediately in the profit
or loss account when the plan amendment or when
a curtailment or settlement occurs.

Liability for long term employee benefit under
defined benefit scheme such as contribution to
gratuity, pension fund and leave encashment are
determined at close of the year at present value
of the amount payable using actuarial valuation
technique.

e) The Bank has made provision for the payment
of gratuity to contractual/fixed term employees
towards the liability arises after implementation of
new wages code.

f) Actuarial gain/losses are recognised in the year
when they arise.

12.4 Defined Contribution Plan:

Provident fund is a defined contribution as the bank pays
fixed contribution at predetermined rates. The obligation
of the bank is limited to such fixed contribution. The
contributions are charged to Profit and Loss account.

National Pension Scheme which is applicable to
employees who have joined bank on or after 01.04.2010
is a defined contribution scheme. Bank pays fixed
contribution at pre-determined rate. The obligation
of the bank is limited to such fixed contribution. The
contribution is charged to Profit and Loss Account.

13. Accounting for Taxes on Income:

Income tax expense is the aggregate amount of current
tax and deferred tax expense incurred by the Bank. The
provision for tax for the year comprises of current tax liability
computed in accordance with the Income Tax Act, 1961 and
as per Accounting Standard 22 - "Accounting for Taxes on
Income" respectively.

Deferred tax is recognized on timing differences between
taxable income and accounting income that originate in one
period and is capable of reversal in one or more subsequent
periods. Deferred tax assets are recognised only to the extent
that there is reasonable certainty that sufficient future taxable
income will be available against which such deferred tax
assets will be realised.

Deferred Tax Assets are recognised on carry forward of
unabsorbed depreciation and tax losses only if there is
virtual certainty supported by convincing evidence that such
deferred tax assets can be realised against future profits.

The carrying amount of deferred tax assets is reviewed at
each balance sheet date to reassess its realization and

measured using enacted or substantially enacted tax rates as
on balance sheet date Disputed tax liabilities are accounted
for in the year of finality of assessment/ appellate proceedings
and till such times they are shown as contingent liability.
The impact of changes in deferred tax assets and liabilities is
recognised in the Profit and Loss Account.