Introduction to Bank of Baroda:

Bank of Baroda (BoB) is the third largest bank in India, after the State Bank of India and

the Punjab National Bank and ahead of ICICI Bank. BoB has total assets in excess of Rs.

2.27 lakh crores, or Rs. 2,274 billion, a network of over 3,000 branches and offices, and

about 1,100 ATMs. IT plans to open 400 new branches in the coming year. It offers a wide

range of banking products and financial services to corporate and retail customers through a

variety of delivery channels and through its specialized subsidiaries and affiliates in the areas

of investment banking, credit cards and asset management. Its total business was Rs. 4,402

billion as of June 30.

As of August 2010, the bank has 78 branches abroad and by the end of FY11 this number

should climb to 90. In 2010, BOB opened a branch in Auckland, New Zealand, and its tenth

branch in the United Kingdom. The bank also plans to open five branches in Africa. Besides

branches, BoB plans to open three outlets in the Persian Gulf region that will consist of

ATMs with a couple of people.

The Maharajah of Baroda, Sir Sayajirao Gaekwad III, founded the bank on 20 July 1908 in

the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial

banks of India, was nationalized on 19 July 1969, by the government of India.

A saga of vision and enterprise

It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.

It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution. 

Our mission statement

To be a top ranking National Bank of International Standards committed to augmenting stake

holders' value through concern, care and competence.

Our Logo

Our new logo is a unique representation of a universal symbol. It comprises dual ‘B’

letterforms that hold the rays of the rising sun. We call this the Baroda Sun.

The sun is an excellent representation of what our bank stands for. It is the single most

powerful source of light and energy – its far reaching rays dispel darkness to illuminate

everything they touch. At Bank of Baroda, we seek to be the source that will help all our

stakeholders realise their goals. To our customers, we seek to be a one-stop, reliable partner

who will help them address different financial needs. To our employees, we offer rewarding

careers and to our investors and business partners, maximum return on their investment.

The single-colour, compelling vermillion palette has been carefully chosen, for its

distinctivenes as it stands for hope and energy.

We also recognize that our bank is characterised by diversity. Our network of branches spans

geographical and cultural boundaries and rural-urban divides. Our customers come from a

wide spectrum of industries and backgrounds. The Baroda Sun is a fitting face for our brand

because it is a universal symbol of dynamism and optimism – it is meaningful for our many

audiences and easily decoded by all. 

Our new corporate brand identity is much more than a cosmetic change. It is a signal that we

recognize and are prepared for new business paradigms in a globalised world. At the same

time, we will always stay in touch with our heritage and enduring relationships on which our

bank is founded. By adopting a symbol as simple and powerful as the Baroda Sun, we hope

to communicate both.

History

Prior to independence from the British Rule, the ancient India was ruled by princely states, scattered over the width and breadth of the large Indian nation.  The Maharajas of the inner States of colonial India contributed to the welfare of their respective regions as well as the Indian nation as a whole.  Their vision and foresight in founding various financial, charitable, social and philanthropic organizations during their time is still cherished by any one going into the history of modern India and its achievements in every walk of life.The Maharaja of Baroda, a princely state of British India, by name Sir Sayyajirao Gaekwad III, had the same vision in establishing a bank for servicing the public at large and the citizens of Baroda State, a Gujarathi population in particular. On 20th July 1908, Bank of Baroda was established under the rules of Companies Act 1897, in a small building at Baroda, by the Maharaja with a paid up capital of Rs.10 lakhs. The guidelines set by the Maharaja for the bank was to serve the people of the State of Baroda as well as the neighboring regions

with money lending, saving, transmission and encouraging the development of arts, science, commerce and trade for the people.Even during the worst financial disaster caused by the First World War, during the period 1913 to 1917, when as many as 87 banks closed their shutters, Bank of India survived the turbulence with its clear vision, ethical standards and financial prudence to grow from strength to strength. There were heroes to sustain the development of this bank to its present glory, from ordinary people as customers and the heirs of the Royal family of Baroda.The success story of the Bank of Baroda is studded with many a leaps and strides it made in the International presence, apart from establishing branches all over the Indian nation, by acquisition of already popular banking entities, as also commencing new commercial bankingestablishments, in the unique Gujarathi style. During the years of 1908 to 2007 (and the century year being round the corner) Bank of Baroda’s growth owes to the excellence in rendering financial products and services to the national and international population. Countries beginning from America to Zambia, in the alphabetical order have been enjoying the services of Bank of Baroda as of today.A brief statistics will reveal the magnitude of growth Bank of India has achieved today :  fifth largest bank in India; total assets over 1,78,000 crores; number of offices and branches 2800; more than 1000 ATMs, notwithstanding affiliates, subsidiaries and delivery channels all over the world.

International expansion:

In its international expansion, the Bank of Baroda followed the Indian Diaspora, especially

that of the Gujaratis. It has significant international presence with a network of 72 offices in

25 countries, six subsidiaries, and four representative offices. 

Among the Bank of Baroda’s 42 overseas branches are ones in the world’s major financial

centers (e.g., New York, London, Dubai, Hong Kong(which it has upgraded

recently), Brussels and Singapore), as well as a number in other countries. The bank is

engaged in retail banking via 17 branches of subsidiaries

in Botswana, Guyana, Kenya, Tanzania, and Uganda. The Bank of Baroda also has a joint-

venture bank in Zambia with nine branches. The Bank of Baroda maintains representative

offices in Malaysia, China, Thailand, and Australia. It plans to upgrade its offices in

China and Malaysia shortly to a branch and joint-venture, respectively.

The Bank of Baroda has received permission or in principle approval from host country

regulators to open new offices in Trinidad and Tobago and Ghana, where it seeks to establish

joint ventures or subsidiaries. The bank has received Reserve Bank of India approval to open

offices in The Maldives, and New Zealand. It is seeking approval for operations

in Bahrain, South Africa, Kuwait, Mozambique, and Qatar and is establishing offices

in Canada, New Zealand, Sri Lanka, Bahrain, Saudi Arabia, and Russia. It also has plans to

extend its existing operations in the United Kingdom, the United Arab Emirates,

and Botswana.

Milestones:

In 1908 the bank was established in Gujrat by Maharaja Sayajirao Gaekwad III and the first branch was opened in Ahmedabad serving over half of a million customer. It went international in 1954 later on it ventured in countries like UK, UAE, USA, Europe and so on. It not only adopted the green field technique but also M&A i.e. acquisition of sick and unprofitable banks in India. Hind bank is an example of such a policy which it acquired in 1959.

1961: BoB merged in New Citizen Bank of India. This merger helped it increase its branch

network in Maharashtra.

BOB also opened a branch in Fiji.

1962: BoB opened a branch in Mauritius.

1963: BoB acquired Surat Banking Corporation in Surat, Gujarat.

1964: BoB acquired two banks, Umbergaon People’s Bank in southern Gujarat and Tamil

Nadu Central Bank in Tamil Nadu state.

1964: BoB lost its branch in Narayanjanj (East Pakistan) due to the Indo-Pakistan war. It is

unclear when BOB had opened the branch.

1965: BoB opened a branch in Guyana.

1967: The Tanzanian government nationalized BoB’s three branches there and transferred

their operations to the Tanzanian government-owned National Banking Corporation.

During 1980’s and 1990’s BOB it went in to sea of change i.e. it started international money

transfer, international consultancy, linking business to business and so on. In the same period

it opened branches to Australia, Uganda, Mauritius and Japan. 2010: Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new bank, India BIA Bank (Malaysia), will reside in Kuala Lumpur, which has a large population of Indians. Andhra Bank will hold a 25% stake in the joint-venture, BoB will own 40% and IOB the remaining 35%

Company profile

Annual General Meeting :The Annual General Meeting of the shareholders of the Bank was held on Thursday, 2nd July, 2009 at Vadodara, where the following Directors were present.1. Shri M. D. Mallya - Chairman & Managing Director

2. Shri V. Santhanaraman - Executive Director3.Shri Rajiv Kumar Bakshi - Executive Director4. Shri A. Somasundaram - Director5. Shri Milind N. Nadkarni - Director (Workmen)6.Shri Ranjit Kumar Chatterjee - Director (Non-workmen)7. Shri Amarjit Chopra - Director (Chairman-ACB)8. Dr. Atul Agarwal - Director

9. Shri Maulin A. Vaishnav -Director - Representing Shareholders, other than Central Government

 

COMMITTEE OF DIRECTORS / EXECUTIVES :

The Board of Directors of the Bank has constituted various Committees of Directors and / or Executives to look into different areas of strategic importance in terms of Reserve Bank of India and Government of India guidelines on Corporate Governance and Risk Management. The important Committees of the Board are as under:

i) Management Committee of the Boardii) Audit Committee of Board (ACB) (ACB)iii) Shareholders’ / Investors’ Grievances Committeeiv) Share Transfer Committeev) Asset Liability Management & Risk Management Committee vi) Customer Service Committees Committeevii) Remuneration Committeeviii) Nomination Committeeix) Committee of Directorsx) Committee on High Value Frauds

4.1. Management Committee of the Board :

In pursuance of Clause 13 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 (as amended) read with the amendments made by the Ministry of Finance, Government of India, a Management Committee of the Board has been constituted to consider various business matters of material significance like sanction of high value credit proposals, compromise / write-off proposals, sanction of capital and revenue expenditure, premises, investments, donations etc.

The Committee consists of Chairman and Managing Director, Executive Director (s) and Directors nominated by Government of India under Section 9 (3) (c) and 9 (3) (g) and three Directors from amongst those appointed under sub section (e) (f) (h) and (i) of section 9(3) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

The composition of the committee as on 31st March 2010 is as under: 

(i) Shri M. D. Mallya(ii) Shri Rajiv Kumar Bakshi (iii) Shri N. S. Srinath 

(iv) Shri A. Somasundaram (v) Shri Milind N. Nadkarni(vi) Dr. Atul Agarwal (vii) Dr. (Smt.) Masarrat Shahid

During the Financial Year 2009-10, the Management Committee of the Board (MCB) met on 25 occasions on the following dates

16.04.2009 28.04.2009 26.05.2009 06.06.2009 22.06.2009 02.07.2009

18.07.2009 07.08.2009 20.08.2009 28.08.2009 11.09.2009 29.09.2009

12.10.2009 27.10.2009 13.11.2009 24.11.2009 04.12.2009 23.12.2009

05.01.2010 21.01.2010 05.02.2010 19.02.2010 04.03.2010 18.03.2010

25.03.2010

The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under:

Name of the Director Period Meetings held during their tenure

Meetings attended

Shri M. D. Mallya01.04.2009 to

31.03.201025 25

Shri V. Santhanaraman01.04.2009 to

31.08.200910 10

Shri Rajiv Kumar Bakshi01.04.2009 to

31.03.201025 24

Shri N. S. Srinath07.12.2009 to

31.03.20108 8

Shri A. Somasundaram01.04.2009 to

31.03.201025 24

Shri Ranjit Kumar Chatterjee29.07.2009 to

28.01.201013 11

Shri Amarjit Chopra 01.04.2009 to 12.10.2009

13 11

Dr. Atul Agarwal01.04.2009 to

28.07.20097 6

-do- 24.11.2009 to 31.03.2010

10 10

Dr. (Smt.) Masarrat Shahid29.01.2010 to

31.03.20105 5

Dr. Dharmendra Bhandari29.07.2009 to

28.01.201013 9

Shri Maulin A. Vaishnav16.05.2009 to

15.11.200913 11

Shri Milind N. Nadkarni01.04.2009 to

13.05.20092 2

-do- 16.11.2009 to 10 9

31.03.2010

Dr. Deepak B. Phatak01.04.2009 to

28.07.20097 2

4.2. Audit Committee of Board (ACB)::

The Bank, in consonance with the fundamentals of Corporate Governance and in pursuance of directives of the Reserve Bank of India, has constituted an Audit Committee of the Board comprising Six Directors. A Non-Executive Director who is a Chartered Accountant is the Chairman of the Committee.

The composition of the Committee as on 31st March, 2010 is as under:

(i)  Dr Atul Agarwal - Chairman a

(ii)  Shri Rajiv Kumar Bakshi- Member

(iii) Shri N. S. Srinath - Member

(iv)  Shri Alok Nigam - Member

(v)  Shri A. Somasundaram - Member

(vi)  Shri Maulin A. Vaishnav - Member

The following Directors ceased to be members of ACB during the Financial Year 2009-10 on the dates shown against their respective names:

(i)  Shri V. Santhanaraman 31.08.2009

(ii)  Shri Amarjit Chopra 12.10.2009

(iii)  Shri Amitabh Verma 09.12.2009

During the Financial Year 2009-10, the Audit Committee of the Board (ACB) met on 12 occasions on the dates given below:

16.04.2009 27.04.2009 26.05.2009 06.06.2009 27.07.2009 07.08.2009

11.09.2009 28.10.2009 13.11.2009 24.11.2009 27.01.2010 05.03.2010

The details of attendance of the Directors at the Meetings of the Committee held during their respective tenure are as under:

Sr. No

Name of the Director PeriodMeeting held during their

tenure

Meeting attended

1. Shri Amarjit Chopra 01.04.2009 to 12.10.2009 7 72. Shri V. Santhanaraman 01.04.2009 to 31.08.2009 6 63. Shri Rajiv Kumar Bakshi 01.04.2009 to 31.03.2010 12 114. Shri N. S. Srinath 07.12.2009 to 31.03.2010 2 25. Shri Amitabh Verma 01.04.2009 to 09.12.2009 10 36. Shri Alok Nigam 09.12.2009 to 31.03.2010 2 1

7. Shri A. Somasundaram 01.04.2009 to 31.03.2010 12 118. Dr Atul Agarwal 01.04.2009 to 31.03.2010 12 119. Shri Maulin A . Vaishnav 28.10.2009 to 31.03.2010 5 5

The main functions of Audit Committee inter-alia include assessing and reviewing the financial reporting system of the Bank to ensure that the financial statements are correct, sufficient and credible. It reviews and recommends to the Management the quarterly / annual financial statements before their submission to the Board.

The Audit Committee provides directions and oversees the operations of total audit functions of the Bank including the organization, operation and quality control of internal audit, internal control weaknesses and inspection within the Bank and follow-up of the suggestions of Statutory/External audit of the Bank and RBI inspections.

The Committee also reviews the adequacy of internal control systems, structure of internal audit department, its staffing pattern and hold discussions with the internal auditors / inspectors on any significant finding and follow-up action thereon. It further reviews the financial and risk management policies of the Bank.

As for Statutory Audit, the Audit Committee interacts with the Statutory Central Auditors before finalization of Quarterly / Year to date / Annual Financial Results and Reports. It also maintains follow up on various issues raised in the Long Form Audit Report (LFAR).

4.3 Shareholders / Investors Grievances Committee:

The Shareholders’ / Investors’ Grievances Committee has been constituted by the Bank to redress shareholders and investors complaints, if any.

The Committee includes following members:

(i) Executive Director (s) and

(ii) Four Non-Executive Directors as its members with a Non-Executive Director as its Chairman.

The composition of the Committee as on 31st March 2010 is as under:

(i) Shri Maulin A . Vaishnav - Chairman(ii)Shri Rajiv Kumar Bakshi - Member(iii)Shri N. S. Srinath - Member(iv)Shri Milind N. Nadkarni-Member(v)Shri Ranjit Kumar Chatterjee - Member(vi)Dr. Dharmendra Bhandari-Member

The Committee met four times during the Financial Year 2009-10 on the following dates:

26.05.2009 29.08.2009 05.12.2009 05.03.2010

The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under: 

Name of the Director PeriodMeetings held during

the period of their tenure

Meetings attended

Shri Maulin A. Vaishnav Chairman of the Committee

01.04.2009 to 31.03.2010

4 4

Shri V. Santhanaraman 01.04.2009 to

31.08.20092 2

Shri Rajiv Kumar Bakshi01.04.2009 to

31.03.20104 4

Shri N. S. Srinath07.12.2009 to

31.03.20101 1

Shri Milind N. Nadkarni01.04.2009 to

31.03.20104 4

Shri Ranjit Kumar Chatterjee01.04.2009 to

31.03.20104 4

Dr. Dharmendra Bhandari01.04.2009 to

31.03.20104 3

The Committee ensures that all share certificates are issued within a period of one month of the date of lodgment for transfer, sub-division, consolidation, renewal, exchange or endorsement of calls / allotment money. The Committee further monitors the redressal of investors’ complaints in a time bound manner.

The summary of number of requests/complaints received and resolved during the year are as under

Pending as on 01.04.2009Received during the

yearResolved during the yea

Pending as on 31.03.2010

13 8786 8775 24

All the pending cases as at the end of the year were pertaining to the request for issue of duplicate share certificates, in respect of which the necessary formalities were in process. 

Shri M.L Jain, Assistant General Manager & Company Secretary has been designated as the “Compliance Officer” of the Bank under Clause 47 (a) of the Listing Agreement with Stock Exchanges.

Asset Liability Management & Risk Management Committee:

The Bank has constituted a Board level Risk Management Committee known as ‘Asset Liability Management and Risk Management Committee’ to review and evaluate the overall risks assumed by the Bank. 

The Committee is headed by Chairman and Managing Director and its composition as on 31st March, 2010 is as under:

 Shri M. D. Mallya - Chairman Shri Rajiv Kumar Bakshi - Member Shri N. S. Srinath - Member Shri A. Somasundaram -  Member Dr. Dharmendra Bhandari - MemberThe Committee met 4 times during the Financial Year 2009-10 on the following dates:

02.07.2009 29.08.2009 05.12.2009 05.03.2010

The details of attendance of the Directors at the Meetings of the Committee held during their respective tenure are as under:

Name of the Director PeriodMeetings held during

their tenureMeetings attended

Shri M. D. Mallya 01.04.2009 to 31.03.2010 4 4Shri V. Santhanaraman

01.04.2009 to 31.08.2009 2 2

Shri Rajiv Kumar Bakshi

01.04.2009 to 31.03.2010 4 4

Shri N. S. Srinath 07.12.2009 to 31.03.2010 1 1Shri A. Somasundaram

01.04.2009 to 31.03.2010 4 3

Dr Dharmendra Bhandari

01.04.2009 to 31.03.2010 4 2

The Bank has set up an appropriate risk management architecture, comprising Risk Management Organizational Structure, Risk Principles, Risk Processes, Risk Control and Risk Audit, all with a view to ideally identify, manage, monitor and control various categories of risks, viz. Credit Risk, Market Risk and Operational Risk, etc. The underlying objective is to ensure continued stability and efficiency in the operations of the Bank, nationally and internationally and to look after the safety of the Bank.

Customer Service Committee :

(a) Customer Service Committee of the Board 

The Bank has constituted a sub-committee of Board, known as ‘Customer Service Committee'. The Committee has the following members as on 31st March, 2010:

1.Shri M. D. Mallya- Chairman and Managing Director

2. Shri Rajiv Kumar Bakshi - Executive Director

3.Shri N. S. Srinath - Executive Director

4. Shri T.K.Balasubramanian – Director

5. Dr. (Smt.) Masarrat Shahid-Member

The functions of the Committee include creating a platform for making suggestions and innovative measures for enhancing the quality of customer services and improving the level of satisfaction for all categories of clientele at all times, which inter-alia comprises the following:

i. oversee the functioning of the Standing Committee on Procedure and Performance Audit on Public Services and also compliance with the recommendation of the Standing Committee on Customer Services.

ii. review the status of the Awards remaining unimplemented for more than 3 months from the date of Awards and also deficiencies in providing Banking services as observed by the Banking Ombudsman.

iii. review the status of the number of deceased claims remaining pending / outstanding for settlement beyond 15 days pertaining to deceased depositors/locker hirers/depositor of safe custody articles.

During the Financial Year 2009-10, the Committee met four times on the following dates:

22.06.2009 29.08.2009 05.12.2009 05.03.2010

The details of attendance of the Directors are as under:

Name of the Director PeriodMeetings held during

theperiod of their tenure

Meetings attended

Shri M. D. Mallya01.04.2009 to

31.03.20104 4

Shri V. Santhanaraman01.04.2009 to

31.08.20092 2

Shri Rajiv Kumar Bakshi

01.04.2009 to 31.03.2010

4 4

Shri N. S. Srinath07.12.2009 to

31.03.20101 1

Shri A. Somasundaram01.04.2009 to

31.03.20104 3

Dr. (Smt.) Masarrat Shahid

24.11.2009 to 31.03.2010

2 1

4.9 Committee of Directors:

A Committee of Directors consisting of Chairman and Managing Director and the nominee Directors of Government of India and Reserve Bank of India has been formed for dealing with the promotions at senior level. This Committee also deals with review of vigilance disciplinary cases and departmental enquiries.

The composition of the Committee as on 31st March 2010 is as under:

(i) Shri M. D. Mallya (ii) Shri Alok Nigam (iii) Shri A. Somasundaram

The Committee met 7 times during the Financial Year 2009-10 on the following dates:

26.05.2009 07.08.2009 29.08.2009 05.09.2009 06.01.2010 27.01.2010 20.02.2010

The details of attendance of directors are as under:

Name Meetings held during their tenure Meetings AttendedShri M. D. Mallya 7 7Shri Amitabh Verma 4 4Shri A. Somasundaram 7 7Shri Alok Nigam 3 3

Products- Bank of Baroda like any other bank has diversified products such as:-

Accepting (Fixed deposit, Recurring deposit, Current and savings deposits)

Lending (term loan, discounting of bills, cash credit, over draft and pledging)

Executive (trusteeship, advisor, executry and so on)

Non banking services (insurance, locker, ATM, )

Marketing strategy- TV advertisement, print ads, teaser rates and so on.

Sales- as on 2010

Sales Rs. 17,754 crores

Profits Rs. 3,058.33 crores

Assets Rs. 2,78,316.70 crores

BANK OF BARODA:

S.W.O.T:

Strengths:

1. Uninterrupted Record in Profit-making and Dividend Payment.

2. Overseas Business Operations extend across 25 countries through 74 branches/ Offices

3. Modern & Contemporary Personality.4. Strong Domestic Presence through 2,927 branches.5. Provides Financial Services to over 36.6million customers globally6. Rapid & Significant Technology Progression Since FY067. Relatively Strong Presence in Industrially Progressive States of India8. A well-accepted & recognized Brand in Indian banking industry9. First PSB to receive Corporate Governance Rating (CAGR-2)10. Pioneer in many Customer-Centric Initiatives

Financial information

Bank Of Baroda « Previous Years  

Yearly Results ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

Sales Turnover 7,100.00 9,212.64 11,813.47 15,091.58 16,698.34

Other Income 1,191.69 1,173.24 2,051.04 2,662.64 2,724.91

Total Income 8,291.69 10,385.88 13,864.51 17,754.22 19,423.25

Total Expenses 3,302.00 3,305.06 3,755.69 4,538.12 4,507.78

Operating Profit 3,798.00 5,907.58 8,057.78 10,553.46 12,190.56

Profit On Sale Of Assets -- -- -- -- --

Profit On Sale Of Investments -- -- -- -- --

Gain/Loss On Foreign Exchange

-- -- -- -- --

VRS Adjustment -- -- -- -- --

Other Extraordinary Income/Expenses

-- -- -- -- --

Total Extraordinary Income/Expenses

-- -- -- 95.01 81.45

Tax On Extraordinary Items -- -- -- -- --

Net Extra Ordinary Income/Expenses

-- -- -- -- --

Gross Profit 4,989.69 7,080.82 10,108.82 13,216.10 14,915.47

Interest 3,875.09 5,426.56 7,901.67 9,968.17 10,758.86

PBDT 1,114.60 1,654.26 2,207.15 3,342.94 4,238.06

Depreciation -- -- -- -- --

Depreciation On Revaluation Of Assets

-- -- -- -- --

PBT 1,114.60 1,654.26 2,207.15 3,342.94 4,238.06

Tax 287.64 627.79 771.63 1,115.74 1,179.73

Net Profit 826.96 1,026.47 1,435.52 2,227.20 3,058.33

Prior Years Income/Expenses -- -- -- -- --

Depreciation for Previous Years Written Back/ Provided

-- -- -- -- --

Dividend -- -- -- -- --

Dividend Tax -- -- -- -- --

Dividend (%) -- -- -- -- --

Earnings Per Share 22.62 28.08 39.27 60.93 83.67

Book Value -- -- -- -- --

Equity 365.53 365.54 365.53 365.53 365.53

Reserves 7,254.20 8,070.55 9,161.44 11,021.66 13,419.61

Face Value 10.00 10.00 10.00 10.00 10.00

Bank Of Baroda « Previous Years  

Balance Sheet ------------------- in Rs. Cr. -------------------

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Capital and Liabilities:

Total Share Capital 365.53 365.53 365.53 365.53 365.53

Equity Share Capital 365.53 365.53 365.53 365.53 365.53

Share Application Money 0.00 0.00 0.00 0.00 0.00

Preference Share Capital 0.00 0.00 0.00 0.00 0.00

Reserves 7,478.91 8,284.41 10,678.40 12,470.01 14,740.86

Revaluation Reserves 0.00 0.00 0.00 0.00 0.00

Net Worth 7,844.44 8,649.94 11,043.93 12,835.54 15,106.39

Deposits 93,661.99 124,915.98 152,034.13 192,396.95 241,044.26

Borrowings 4,802.20 1,142.56 3,927.05 5,636.09 13,350.09

Total Debt 98,464.19 126,058.54 155,961.18 198,033.04 254,394.35

Other Liabilities & Provisions

7,083.90 8,437.70 12,594.41 16,538.15 8,815.97

Total Liabilities 113,392.53 143,146.18 179,599.52 227,406.73 278,316.71

  Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

  12 mths 12 mths 12 mths 12 mths 12 mths

Assets

Cash & Balances with RBI 3,333.43 6,413.52 9,369.72 10,596.34 13,539.97

Balance with Banks, Money at Call

10,121.21 11,866.85 12,929.56 13,490.77 21,927.09

Advances 59,911.78 83,620.87 106,701.32 143,985.90 175,035.29

Investments 35,114.22 34,943.63 43,870.07 52,445.88 61,182.38

Gross Block 1,873.17 2,244.62 3,787.14 3,954.13 4,266.60

Accumulated Depreciation 952.44 1,155.81 1,360.14 1,644.41 1,981.84

Net Block 920.73 1,088.81 2,427.00 2,309.72 2,284.76

Capital Work In Progress 0.00 0.00 0.00 0.00 0.00

Other Assets 3,991.16 5,212.50 4,301.83 4,578.12 4,347.22

Total Assets 113,392.53 143,146.18 179,599.50 227,406.73 278,316.71

Contingent Liabilities 34,678.87 54,999.86 75,364.33 64,745.82 77,997.01

Bills for collection 10,407.04 12,976.53 15,105.51 22,584.64 27,949.60

Book Value (Rs) 215.35 237.46 303.18 352.37 414.71

SCOPE OF THE REPORT

The profile contains critical company information including*, Business description – A detailed description of the company’s operations and business

divisions. Corporate strategy – Analyst’s summarization of the company’s business strategy. SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities

and threats. Company history – Progression of key events associated with the company.

Major products and services – A list of major products, services and brands of the company. Key competitors – A list of key competitors to the company. Key employees – A list of the key executives of the company. Executive biographies – A brief summary of the executives’ employment history. Key operational heads – A list of personnel heading key departments/functions. Important locations and subsidiaries – A list and contact details of key locations and

subsidiaries of the company. Detailed financial ratios for the past five years – The latest financial ratios derived from the

annual financial statements published by the company with 5 years history. Interim ratios for the last five interim periods – The latest financial ratios derived from the

quarterly/semiannual financial statements published by the company for 5 interims history. Note*: Some sections may be missing if data is unavailable for the company.

REASONS TO PURCHASE

Key benefits of buying this profile include, You get detailed information about the company and its operations to identify potential

customers and suppliers. The profile analyzes the company’s business structure, operations, major products and

services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.

Understand and respond to your competitors’ business structure and strategies, and capitalize

on their weaknesses. Stay up to date on the major developments affecting the company. The company’s core strengths and weaknesses and areas of development or decline are

analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.

Equip yourself with information that enables you to sharpen your strategies and transform

your operations profitably. Opportunities that the company can explore and exploit are sized up and its growth potential

assessed in the profile. Competitive and/or technological threats are highlighted. Scout for potential investments and acquisition targets, with detailed insight into the

companies’ strategic, financial and operational performance. Financial ratio presented for major public companies in the profile include the revenue trends,

profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.

Gain key insights into the company for academic or business research. Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are

incorporated in the profile to assist your academic or business research needs.