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L65191PN 1994PLCO763:
lnduslnd Bank
April 21,2016
The Deputy General Manager
CorDorate Relationship Dept,
BSE Ltd.
l'r Floor. New Trading Ring
Rotunda Building, P J Towers
Dalal Street, Fon
Mumbai - 400 001
BSE Scrip Code: 532187
Auditors, ir4./s. Price Waterhouse Chanered Accountants LLP, along with Form A ({br Audit
Repon with unmodified opinion) in respect ofthe Audited Financial Results ofthe Bank for
the Quater and Financial Year ended March 31. 2016
We request you to take the same on record
Yours faithfully.
For lndusl d Bank Limited
Hrresh K- Caj
Compal|y Secret
Encl r a/a
hdushd
ClNr
Visar ur
Pune4
OOt,
tndia
.i www.ind6lnd_@m
(E),
Doa
of l)iredors
4uool.
W have uudikid the accompanying Statemcnt containing the annual audited finnncial rcsults of
Induslnd Bank Lirnited (the Bank") for thc year ended March 31, 2()16 togcther with thc notes
ihereon (hcreinafter reiercd to rs thc Statemcnt"), which we have signed undr referencc to this
rcpod, e,\cept for the disclosures rcgarding 'percentage of sharcs hcld by Government of India',
\\'hich have been traced from disclosures madc by the Bank's Managment andthe 'Pillar 3 under
Baset III Capital Regrlations" as ha\ been disclosed on the Bank's vebsite and in respcct of$hich
a link hrs been provided iD note 5 to the Staternent, both ofwhich have nelther bcen rc\,iened nor
been audited by us.
AnditoN' Responsibility
3.
4.
Our rcsponsibitity is to cxpress anopinion on the Statement based on o audit. We conducted our
audit in Accordance with the Stanclards on Auditint specificd under Section r43(ro) of the
Companies Act, 2013 ('theAcf') and other applicable authoritative prcnounccments issued by the
lnstitute olChartered Accountants oflndia. Those Standards rcquire rhat we coftply with ethical
rcqrircments and plan and peform the audit to obtain reasonable $surance about whether the
iinancial statcments are free from material misstatement.
An audit invoh es performing procedures io obtain a dit evidence lbout thc amounts and
disclosures in th Statement. Thc procedurcs selcctd dependon the auditors'iudgmen t, inchding
the assessment of the risks of matetial misstatement of the Staiement, whether due to fraud or
elror. In making those risk assessments. thc auditors consider internal control relcvant to the
cntjtys prcpa&rtion and fair presentatjoD ofthe Statement in order to design audit proccdures rhat
are apprcpriatc in the circumstances. Ar audit also includs evaluating ihc appropdatencss of
accou nting pol icics used and the reasonablencss of accounti ng stimates made by M:rnagement, as
lvell
5.
as
We belie\ e that the audii e\idence we hale obtained is sufiicient and:rppropriate to pro\ide a basis
lbr oLr aLrdit opinion-
Price lvoterhovse Chortereil A(@urtants LI.P, 252, Veet Sal|@rknr Morg, Shirraji ?atk, Dadot (t[est)
T: +9r (22) 6669rsoo. F: +91 (22) 66sj78o4
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Rcstr!tstui
lho\c.rond.dlli(h3r,2016
Opinion
opinion and to th best ofour information and acco ing to the explanations given to ils:
(i) the Strtement, togcther $ith the notes theleon are presented in the ibrmat prescribed under
tl.eSulation 33 ofihc SEtsl (Listing Obligalions and Disclosure Requirements) Regulaiions,2()rs in
1n our
(ii) the Annual audited fin.rncinl results for the year cnded March 31,2016 as set out in the
Statcment gi\cs a true !rnd fnir YicN of the net profit and other financjal inlbmation for tbe )ear
eDded Mrrch 3r, 2()16 in accord nc with ihe rccounting principles generally accepted in India.
7.
8.
Emphasis of Matter
We drax' your attention to Note 2 of the Statcment regarding the figures for the quaner eoded
Marcb 3r, 2016, which are thc balancing figLLres between audited figures in respct of ihe full
linancial year,lnd the published year-to date figurcs upto thc third quarter of the c[rrent financial
)'car- Ouropinion is not qualified in respect of this matter-
Other Matter
The Statement de.rlt wjth by tbis rpoft has becn preparcd forrhe express purpose offiling with rhe
Stock tixchnngcs. This Statement is brsed on the auditcd financial statements ofthe Bank for the
],car ended March 31,2016 oD which we issucd an rulmodified a dii opinionvide our rcporl darcd
April2r,2016.
g.
fhc financial si,rtemnts:lnd financial ltesults ofthe Bank lor the previous year and quarter ended
March 31,2or6 r'cre ardited bv anoihcr firm ofchaftercd accountants rvho vide their reports drted
April 16, 2o1S hav issued rn unmodjfied opinion on the financial statements and the financial
rcsults respectivel).
lo.
Rcshiction on Usc
l
o
his lcpoft is addrcssed to the Board oI Dircctors ofthe Company and has been prepaled for and
nly lor thc purposes set out in pa ragrr ph 8 above. Ihis report should not be othcnvise used by a ny
-'H;
l.or Pice
Rrssell I
l'lrccr NlllnbIli
I)ale: April2r, 20l6
lnduslndBank
Annexure
FORM A (for audit
March 31,2016
Unmodifred
Frequency of observation
Not applicable
Romesh Sobti
s. V. zaregaoniar
Chief Financial officel
Cdl."'c"--,t ^-'--'-'i'/-
--r
T. Anantha Narayanan
b^^A
f-\
./
Price Waterhouse Chartered Accountants LLP
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