Others (Including Provisions) :
According to the Notes and Instructions for compilation of balance sheet and profit and loss account, issued by the RBI, the following items are to be included under this head
(a) Net provision for income tax and other taxes like interest tax, less advance payment and tax deducted at source.
(b) Surplus in bad and doubtful debts provision account (such surplus is in the nature of a reserve).
(c) Surplus in provisions for depreciation in securities (such surplus is in the nature of a reserve).
(d) Contingency funds, which are actually in the nature of reserves but are not disclosed as such.
(e) Proposed dividend/transfer to Government.
(f) Other liabilities, which are not disclosed under any of the major heads such as unclaimed dividend, provisions and funds kept for specific purposes, unexpired discount, outstanding charges like rent, conveyance, etc. and tax deduction by bank payable on or before the due date.
(g) Certain types of deposits like staff security deposits, margin deposits, etc., which are repayable only subject to compliance with certain conditions. (The interest on such deposits would also be included under this head).
(h) Blocked Account arising from transfer of credit entries in inter-branch accounts outstanding for more than five years.
Besides the above items, the following are other important items usually included under this head:
(a) Collections in respect of suit-filed accounts. These are not adjusted against advances till final settlement. (However, for the purpose of provisioning against non performing advances, such credit balances are taken into account for ascertaining net outstanding).
(b) Collection of income-tax on behalf of the Government.
(c) Collection from DICGC. These are carried till final realisation/write-off of the concerned advance account.
(d) Provisions for frauds. These are ultimately adjusted by way of a write-off.
(e) Insurance claims received in respect of frauds. These are retained separately till final write-off in respect of fraud.
(f) Provision for gratuity, pension and other staff benefits.
(g) Provision for bank’s share in the expenses of the Banking Services Recruitment Board.
(h) Provision for audit fees.
(i) Unamortized interest income on the bills purchased/ discounted.
It may be noted that many of the items to be disclosed under this head are accounted for at the head office level and would not therefore form part of balance sheet of a branch.