(Rs. in crores)
 
                                      31 March, 2011     31 March, 2010
 
 Opening balance at the beginning 
 of the year                                    0.21               4.51
 
 Additions during the year                      4.78               0.04
 
 Reductions on account of payments 
 during the year                                 -                (0.27)
 
 Reductions on account of 
 reversals during the year                       -                (4.07)
 
 Closing balance at the 
 end of the year                               4.99                0.21
 
 2.2.13 Small and Micro Industries
 
 Under the Micro, Small and Medium Enterprises Development Act, 2006
 which came into force from 2 October, 2006, certain disclosures are
 required to be made relating to Micro, Small and Medium enterprises.
 There have been no reported cases of delays in payments to micro and
 small enterprises or of interest payments due to delays in such
 payments. The above is based on the information available with the Bank
 which has been relied upon by the auditors.
 
 2.2.14 Description of contingent liabilities:
 
 a) Claims against the Bank not acknowledged as debts
 
 These represent claims filed against the Bank in the normal course of
 business relating to various legal cases currently in progress. These
 also include demands raised by income tax and other statutory
 authorities and disputed by the Bank.
 
 b) Liability on account of forward exchange and derivative contracts
 
 The Bank enters into foreign exchange contracts, currency
 options/swaps, interest rate futures and forward rate agreements on its
 own account and for customers. Forward exchange contracts are
 commitments to buy or sell foreign currency at a future date at the
 contracted rate. Currency swaps are commitments to exchange cash flows
 by way of interest/principal in two currencies, based on ruling spot
 rates. Interest rate swaps are commitments to exchange fixed and
 floating interest rate cash flows. Interest rate futures are
 standardised, exchange-traded contracts that represent a pledge to
 undertake a certain interest rate transaction at a specified price, on
 a specified future date. Forward rate agreements are agreements to pay
 or receive a certain sum based on a differential interest rate on a
 notional amount for an agreed period. A foreign currency option is an
 agreement between two parties in which one grants to the other the
 right to buy or sell a specified amount of currency at a specific price
 within a specified time period or at a specified future time.
 
 c) Guarantees given on behalf of constituents
 
 As a part of its banking activities, the Bank issues guarantees on
 behalf of its customers to enhance their credit standing. Guarantees
 represent irrevocable assurances that the Bank will make payments in
 the event of the customer failing to fulfill its financial or
 performance obligations.
 
 d) Acceptances, endorsements and other obligations
 
 These include documentary credit issued by the Bank on behalf of its
 customers and bills drawn by the Banks customers that are accepted or
 endorsed by the Bank.
 
 e) Other items
 
 Other items represent outstanding amount of bills rediscounted by the
 Bank, estimated amount of contracts remaining to be executed on capital
 account and commitments towards underwriting and investment in equity
 through bids under Initial Public Offering (IPO) of corporates as at
 the year end.
 
 2.2.15 Previous year figures have been regrouped and reclassified,
 where necessary to conform to current years presentation.