2008-09 वित्‍तीय रिपोर्ट

Unaudited Financial Results for the Quarter / Nine Months ended 31st December 2009

Notes forming part of the financial results for the Quarter Ended 30.06.09.

• The above financial results have been approved by the Board at its meeting held on 27.01.2010. The same has been subjected to review by the Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the quarter/ Nine months ended 31.12.2009 as compared to those followed in the preceeding financial year 2008-09.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable, other liabilities on account of foreign currency translation etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• The Authorised capital of the bank stands increased from Rs.1500 crs. to Rs.3000 crs. as per notification No.S.O.3123 published in the Official Gazette dated 21.11.2009.
• The financial results for the quarter ended 31.12.09 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms isued by RBI.
• Provision for taxes (including Deferred tax and Wealth tax) and Provision for contingencies including for employee benefits have been considered on estimated basis.
• A sum of Rs.45.05 crores has been charged to Profit and Loss A/c during the quarter, on proportionate basis of the Transitional liability of Rs.901crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation.The balance amount of Rs.405.45 crores is to be charged proportionately by the end of March 2012.
• The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 650crores has been made on estimated basis upto Dec-09, of which Rs.75 crores is made during the quarterended Dec.09 and Rs.225 crs. for the Nine months ended December 09.
• In terms of Agriculture debt waiver and relief Scheme 2008, framed by the Govt. of India, the bank has receivede Rs.329.93 crores upto 31st December 2009 from RBI against final claim of Rs.505.19 crores as certified by the Statutory Central Auditors of the Bank under Debt Waiver Scheme.
• During the quarter, the bank has raised Tier I capital of Rs.900 crores by way Innovative perpetual bonds.
• Auditors qualifications for the year ended 31st March 2009 have been dealt with as per Note no.3 above.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter Nil
  • Received during the quarter 66
  • Disposed off during the quarter 66
  • Pending at the close of the quarter Nil
• The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

Segment Reporting For The Quarter / Nine Months Ended 31st December, 2009

Part A - Business Segments

#Total revenue of "Other Banking Operations" is exclusive of inter segment revenue which is Rs.339989 lacs for the QE Dec-09 (Rs.293800 lacs for QE Dec-08).

Part B - Geographic Segments

Notes on Segment Reporting

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.

Unaudited Financial Results for the Quarter / Half Year Ended 30th September, 2009

Notes forming part of the financial results for the Quarter Ended 30.06.09.

• The above financial results have been approved by the Board at its meeting held on 28.10.2009. The same has been subjected to review by the Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the quarter ended 30.09.2009 as compared to those followed in the preceeding financial year 2008-09.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable, other liabilities on account of foreign currency translation etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• In terms of RBI Circular No. DBOD.BP.BC.No. 133/21.04.018/2008-09 dated May 11, 2009, unreconciled credit entries of Nostro / Mirror accounts upto 31.03.2002 amounting to Rs. 8.45 crores have been included in 'Other Income".
• The financial results for the quarter ended 30.09.09 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms isued by RBI.
• Provision for taxes (including Deferred tax and Wealth tax) and Provision for contingencies including for employee benefits have been considered on estimated basis.
• A sum of Rs.45.05 crores has been charged to Profit and Loss A/c during the quarter, on proportionate basis of the Transitional liability of Rs.901crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation. The balance amount of Rs.450.50 crores is to be charged proportionately by the end of March 2012.
• The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 575 crores has been made on estimated basis upto Sept-09, of which Rs.75 crores is made during the quarter ended Sept.09 and Rs.150 crs. for the half year ended September 09.
• In terms of Agriculture debt waiver and relief Scheme 2008, framed by the Govt. of India, the bank has received Rs.247.14 crores upto 30th Sept. 2009 from RBI against final claim of Rs.505.19 crores as certified by the Statutory Central Auditors of the Bank under Debt Waiver Scheme.
• During the quarter, the bank has raised Rs.500 crores by way of Upper Tier-II Bonds. The bank also redeemed Debentures of EBOBHFL of Rs.20 crores during the quarter.
• Auditors qualifications for the year ended 31st March 2009 have been dealt with as per Note no.3 above.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter Nil
  • Received during the quarter 61
  • Disposed off during the quarter 61
  • Pending at the close of the quarter Nil
• The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

Segment Reporting For The Quarter Ended 30.09.2009

Part A - Business Segments

Part B - Geographic Segments

Notes on Segment Reporting

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.

Notes forming part of the financial results for the Quarter Ended 30.06.09.

• The above financial results have been approved by the Board at its meeting held on 27/07/2009. The same has been subjected to review by the Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the quarter ended 30.06.2009 as compared to those followed in the preceeding financial year 2008-09.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable etc is in progress. The impact, if any, on the financial results though not quantified, in the opinion of the management will not be material.
• The financial results for the quarter ended 30.06.09 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms isued by RBI. During the quarter, the bank has made an additional provision of Rs.148.13 crores in certain identified Non Performing domestic Advance accounts.
• Provision for taxes (including Deferred tax and Wealth tax) and Provision for contingencies including for employee benefits have been considered on estimated basis.
• A sum of Rs.45.05 crores has been charged to Profit and Loss A/c during the quarter, on proportionate basis of the Transitional liability of Rs.901 crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation. An amount of Rs.495.55 crores is to be charged proportionately by the end of March 2012.
• The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 500 crores has been made on estimated basis upto June-09, of which Rs.75 crores is made during the quarter ended Jun-09.
• In terms of Agriculture debt waiver and relief Scheme 2008, framed by the Govt. of India, the bank has received Rs.208.92 crores upto 30th June 2009 from RBI against final claim of Rs.505.19 crores as certified by the Statutory Central Auditors of the Bank under Debt Waiver Scheme.
• After obtaining Reserve Bank of India's permission, the bank has netted a sum of Rs. 550.35 crores of Floating Provisions from Gross NPAs to arrive at the reported figure of Net NPAs.
• During the quarter, the bank has raised Rs.500 crores by way of Upper Tier-II Bonds. The bank also redeemed Lower Tier-II Bonds of Rs.300 crores during the quarter.
• Auditors qualifications for the year ended 31st March 2009 have been dealt with Note no.3 above.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter Nil
  • Received during the quarter 57
  • Disposed off during the quarter 57
  • Pending at the close of the quarter Nil
• The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

Part B - Geographic Segments

Notes on Segment Reporting

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.

Notes forming part of the financial results for the Quarter / Year Ended 31.03.2009.

• The above financial results have been approved by the Board at its meeting held on 27/04/2009. The same has been subjected to audit by the Statutory Central Auditors, as per the Listing Agreements.
• There has been no change in the Accounting Policies adopted during the quarter /year ended 31.03.2009 as compared to those followed in the preceeding financial year 2007-08.
• Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable etc is in progress.
• The financial results for the quarter / full year ended 31.03.09 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Provision for taxes (including Deferred tax, Wealth tax and Fringe Benefit tax) have been made as per Income Tax and Provision for contingencies including for employee benefits considered based on acturial valuation.
• A sum of Rs.180.20 crores has been charged to Profit and Loss A/c during the year on proportionate basis, of the Transitional liability of Rs.901 crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation. An amount of Rs.540.60 crores is to be charged proportionately by the end of March 2012.
• The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 425 crores has been made on estimated basis, as employee cost, of which Rs.325 crores is made during the year (Rs.75 crs during the quarter Mar.09).
• In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the Government of India, the Bank has received first installment of Rs.208.91 crores from Reserve Bank of India against Rs.506.04 crores being loans eligible under debt waiver scheme.
• Exceptional items Rs.95.01 crores represents profit on winding up of bank's Subsidiary Bank of Baroda (Hongkong)Ltd (Rs69.07 crores) and Profit on sale of 51% holding in BOB AMC Ltd (Rs. 25.94 crores) during the year.
• During the year 2008-09, the bank has issued Rs.1800.20 crores (Previous year Rs.2703.62 crores including US $ 300 mn- Rs.1203.62 crores by way of MTN Bonds). The bank also redeemed Rs.409.10 crores during the year.
• During the year the Bank has invested Rs.113.26 crores in Baroda (Newzealand) Ltd., a subsidiary of the Bank.
• Auditors qualifications for the year ended 31st March 2008 have been dealt with Note no.3 above.
• The Board has recommended a dividend @ 90% on equity share capital (Rs.9/- per share) for the year '2008-09, subject to approval by members.
• Status of Investor's complaints :
  • Pending at the beginning of the quarter : Nil
  • Received during the quarter : 55
  • Disposed off during the quarter : 55
  • Pending at the close of the quarter : Nil
• The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

Part B - Geographic Segments

Notes on Segment Reporting

• As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations", Wholesale, Retail and "Other Banking Operations" as Primary business segments and "Domestic" and "International" as secondary / geographic segments for the purpose of compliance with AS-17 on Segment Reporting issued by ICAI.
• In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
• Segment revenue represents revenue from external customers.
• Capital employed for each segment has been allocated proportionate to the assets of the segment.