Financial Report Q3 2021-22

Financial Results Dec 21

The RBI guidelines stipulated the implementation of NSFR effective from 1st October 2021 at a consolidated level with disclosure from quarter ended December 2021. Accordingly, the bank is computing the Consolidated NSFR. The NSFR is defined as the amount of Available Stable Funding relative to the amount of Required Stable Funding

NSFR= (Available Stable Funding (ASF)) / (Required Stable Funding (RSF))

Available stable funding (ASF) is measured based on the broad characteristics of relative stability of funding sources, including contractual maturity of its liabilities and the differences in the tendency of different types of funding providers to withdraw their funding. Required Stable Funding (RSF) is a function of the liquidity characteristics and residual maturities of the various assets held by the bank including Off-Balance Sheet (OBS) exposures.

The table attached herewith sets out the un-weighted and weighted value of the NSFR components as on 31st December 2021 based on audited financials.

At a consolidated level, the NSFR of the bank comes out to 124.54% as on 31st December 2021 against the requirement of 100% as per RBI guidelines.

Standalone- SEBI

Standalone Segment

NOTES TO STANDALONE FINANCIAL RESULTS:

• The above standalone financial results have been recommended by the Audit Committee of Board and approved at the meeting of the Board of Directors held on February 5, 2022. The same has been subjected to limited review by Statutory Central Auditors of the Bank in line with the guidelines issued by the Reserve Bank of India and as per SEBI (Listing Obligations & Disclosure Requirements) Regulation 2015, as amended thereafter.
• The above standalone financial results for the quarter/Nine Months ended December 31, 2021 have been prepared in accordance with recognition and measurement principles laid down in Accounting Standard (AS-25) on 'Interim Financial Reporting' issued by the Institute of Chartered Accountants of India.
• The Bank has continued to follow the same accounting policies and practices in preparation of financial results for the quarter/ Nine Months ended December 31, 2021 as followed in the previous financial year ended March 31, 2021.
• The above financial results have been arrived at after considering necessary provision for NPAs, Standard Assets, Restructured Assets and Investment Depreciation/Provision, Provisions for contingencies, Employee Benefits, Direct taxes (after adjustment for deferred tax) and for other items/assets are made on estimated basis and subject to adjustments, if any, at the year end.
• In terms of Reserve Bank of India (RBI) guidelines, Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net stable funding ratio (NSFR) under the Basel- III framework are being made available on our website https://www.bankofbaroda.in/shareholders-corner/disclosures-under-basel-iii . These disclosures have not been subjected to review/ audit by Statutory Central Auditors of the Bank.
• During the quarter ended 31.12.2021, the Bank has exercised the call option and redeemed Basel III AT1 bonds - SERIES VI amounting to ₹ 100000 lakhs. The Bank has also issued Basel III AT1 bonds Series XVII of ₹ 199700 lakhs.
• As per RBI Circular no. DBR.No.BP.15199/21.04.048/2016-17 and DBR.No.BP.1906/21.04.048/2017-18 dated June 23, 2017 and August 28, 2017 respectively, for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), the Bank is holding total provision of ₹ 768180 lakhs being 100% of total outstanding as on December 31, 2021.
• Based on the available financial statements and the declarations from borrowers, the Bank has estimated the liability for Unhedged Foreign Currency in terms of RBI circular DBOD.No.BP.BC.85/21.06.200/2013-14 dated January 15, 2014 and is holding a provision of ₹19057 lakhs as on December 31, 2021.
• The spread of COVID-19 has led to a regional lockdown and in turn led to significant volatility in Global and Indian financial markets and the resultant decrease in global and local economic activities during the first and second wave of COVID-19 pandemic. Further, the extent to which the COVID pandemic and its future waves if any may impact the Bank’s operation and asset quality are uncertain.
  The bank is however keeping a close watch on developments on an ongoing basis and taking proactive measures continuously to maintain and improve asset quality. The bank, therefore, believes that there may not be any significant impact on Bank’s future financial results.
• The Honourable Supreme Court of India vide an interim order dated 03.09.2020 had directed that accounts which were not declared NPA till 31.08.2020 shall not be declared as NPA till further orders, which was complied with by the Bank. The said interim order was vacated on 23.03.2021 and the Bank adhered to the asset classification of borrower accounts as per the extant regulatory lRAC norms. In view of this, the results for the nine months ended December 2021 may not be comparable with the corresponding nine months of FY 2020-21.
• The Bank is holding additional provision of Rs.55893 lakhs over and above the provision as per IRAC norms in certain stressed standard advances on prudent basis.
• Bank has estimated the additional liability on account of revision in family pension for employees as per IBA Joint Note dated November 11, 2020, amounting to ₹ 145441 lakhs. However, RBI vide their Circular RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 dated 4th October 2021, has permitted Banks to amortize the said additional liability over a period of not exceeding 5 (five) years, beginning with financial year ending 31st March 2022, subject to a minimum of 1/5th of the total amount being expensed every year. Bank has opted the said provision of RBI, charged an amount of ₹ 7272 lakhs & 21816 lakhs to the Profit & Loss account for the quarter and Nine months ended 31st December 2021 respectively and the balance unamortized expense of ₹123625 lakhs has been carried forward. Had the Bank charged the entire additional liability to the Profit and Loss Account, the net profit for the quarter and Nine months ended December 31, 2021 would have been lower by ₹ 92509 lakhs.
• As per Directions of RBI vide letter no 10655/21.04.048/2018-19 dated 21.06.2019 disclosure with respect to accounts kept as standard due to the Court order, there is one account which is classified as standard as per court orders, with outstanding of ₹ 4658.47 lakhs as of December 31, 2021 against which the Bank is holding provision of ₹ 1122 lakhs as of December 31, 2021 as per IRAC norms, including provision for unrealized interest.
• In accordance with RBI Circular No. DBR.No.BP.BC.18/21.04.048/2018-19 dated 01.01.2019, RBI circular No DOR. No. BP. BC. 34/21.04.048/2019-20 dated 11.02.2020 & RBI circular No DOR. No. BP. BC/4/21.04.048/2020-21 dated 06.08.2020 on 'Restructuring of Advances - Micro, Small and Medium Enterprises (MSME) Sector' (One Time Restructuring), the details of MSME restructured borrowers as on 31.12.2021 is as under:

	(In ₹ Lakhs)
No of Accounts	Amount as on 31.12.2021
101120	755141

• In accordance with RBI circular No DOR.STR.REC.12/21.04.048/2021-22 dated 05.05.2021 & RBI circular No DOR.STR.REC.21/21.04.048/2021-22 dated 04.06.2021 on Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs), the details of accounts restructured is as under.

		(In ₹ Lakhs)
No of Accounts	Funded O/s as on 31.12.2021	Provision Held
24198	176660	20329

• In accordance with the RBI Cir. No. DOR.STR.REC.11/21.04.048/2021-22 dated 05.05.2021 on “Resolution Framework – 2.0: Resolution of COVID – 19 related stress of Individuals1 and Small Business2”, the number of borrower accounts where modification were sanctioned and implemented and the aggregate exposure to such borrowers are as under:

	(In ₹ Lakhs)
No of Accounts	Aggregate exposure as on 31.12.2021
6426	62439

(1. Individual covers only Personal Loan segment as per RBI circular No DOR. No. BP.BC/3/21.04.048/2020-21 dated August 6, 2020 and now covered in to para 5(a) of RBI circular No DOR.STR.REC.11/21.04.048/2021-22 dated May 5, 2021.
2. Small Business (including retail trade and wholesale trade) extended to individual which were covered under MSME as per RBI circular No DOR. No. BP.BC/4/21.04.048/2020-21 dated August 6, 2020 and now covered in to para 5(b) of RBI circular No DOR.STR.REC.11/21.04.048/2021-22 dated May 5, 2021.)

• As per RBI circular no. RBI/2018-19/203 DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 on Prudential Framework for Resolution of Stressed Assets, guidelines for implementation of Resolution Plan has been issued, also containing requirements of additional provisions as per para 17 of this RBI circular. The Bank is holding additional provision of ₹ 401592 lakhs as on 31.12.2021 in 27 nos. of accounts as detailed below.

					(In ₹ Lakhs)
Amount of Loans impacted by RBI Circular (A)	Amount of Loans to be classified as NPA (B)	Amount of Loans as on 31.12.2021 out of (B) classified as NPA (C)	Provision held as on 30.09.2021 (D)	Additional provision/ (reversal) made during quarter ended 31.12.2021 (E)	Provision held as on 31.12.2021 (F)
1391819	965122	965122	511868	(110276)	401592

• As per the RBI circular no. RBI/2015-16/376 DBR No. BP.BC.92/21.04.048/2015-16 dated April 18, 2016 the Bank has opted to provide the liability for frauds over a period of four quarters. Accordingly, the carry forward provision as on December 31, 2021 is ₹ 17478 lakhs which is to be amortised in the subsequent quarters by the Bank.
• Non-Performing Assets Provisioning Coverage Ratio (including floating provision) is 85.95 % as on December 31, 2021.
• Number of Investors' complaints pending at the beginning of the quarter was NIL. The Bank has received 103 Investors' complaints during the quarter ended December 31, 2021. All complaints have been disposed of during the quarter. There are NIL pending Investors' complaints at the end of the quarter.
• Penalties of ₹ 112.05 lakhs and ₹ 406.37 lakhs have been imposed on the Bank by Reserve Bank of India for the quarter and Nine months ended December 31, 2021 respectively.
• Details of Priority Sector Lending Certificate (PSLC) purchased and sold are as under:

Particulars	Amount In (₹ Lakhs)
PSLC Purchased
During Q3 (From 01.10.2021 to 31.12.2021)	Nil
Cumulative till Q3 (From 01.04.2021 to 31.12.2021)	350000
PSLC Sold
During Q3 (From 01.10.2021 to 31.12.2021)	Nil
Cumulative till Q3 (From 01.04.2021 to 31.12.2021)	100000

• Disclosure as per the RBI Cir. No. DOR.STR.REC.11/21.04.048/2021-22 dated 05.05.2021 on “Resolution Framework – 2.0: Resolution of COVID – 19 related stress of Individuals and Small Business”, as on 31.12.2021 is as under:-

Sl. No	Description	Individual Borrowers		Small Business
		Personal Loans	Business Loans
(A)	Number of requests received for invoking resolution process under Part A	33280	-	10944
(B)	Number of accounts where resolution plan has been implemented under this window	33280	-	10944
(C)	Exposure to accounts mentioned at (B) before implementation of the plan	417102	-	53735
(D)	Of (C), aggregate amount of debt that was converted into other securities	-	-	-
(E)	Additional funding sanctioned, if any, including between invocation of the plan and implementation	-	-	-
(F)	Total provisions on account of the implementation of the resolution plan	55332	-	6589

• Disclosure as per the RBI Master directions ref no RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 “Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021” dated 24.09.2021 is as under:
  1. Details of stressed loans transferred is as under:

  			(Rs. In lakhs)
  Details of stressed loans (NPA Accounts) transferred during the period of 01.04.2021 to 31.12.2021
  	To ARCs	To permitted transferees	To other transferees
  No: of accounts	17	4	-
  Aggregate principal outstanding of loans transferred	92125	3940	-
  Weighted average residual tenor of the loans transferred	-	-	-
  Net book value of loans transferred (at the time of transfer)	23133	158	-
  Aggregate consideration	37374	904	-
  Additional consideration realized in respect of accounts transferred in earlier years	-	-	-
  Quantum of excess provision reversed to the profit & loss account on account of sale of stressed loans	14241	746

  2. Details of stressed Loan Acquired during FY 2021-22 – Nil
  3. Details of Loans (Not in Default) transferred or acquired during FY 2021-22 – Nil
  4. The Distribution of the SRs held across the various categories of Recovery Ratings assigned to such SRs by the credit Rating Agencies as on 31.12.2021

  Recovery Rating Band	Book Value (Rs. In Lakhs)
  RR1+	118
  RR1	6116
  RR2	17635
  RR3	649
  RR4	4220
  RR5	18709
  NR3	4710
  NR5	1640
  NR6	32557
  Rating withdrawn	37726
  Grand Total	124080

• Other income of the Bank includes recoveries made in written off accounts, fee income on non-fund based banking activities, earnings from foreign exchange transactions, profit and loss on revaluation of investments, profit and loss on sale of investments and dividends from subsidiaries etc.
• Notes on Segment Reporting
  1. As per the guidelines of the RBI on compliance with the Accounting Standards, the 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 Accounting Standard 17 on Segment Reporting issued by Institute of Chartered Accountants of India (ICAI).
  2. Segment revenue represents revenue from external customers.
  3. Capital employed for each segment has been allocated proportionate to the assets of the respective segment.
• The comparative figures for quarter ended December 31, 2021 are the balancing figures between reviewed figures in respect of the Nine months ended December 31, 2021 and the published year to date figures up to September 30, 2021.
• The figures of the previous period have been regrouped / rearranged, wherever necessary, to conform to the current period classifications.

CFS - SEBI FORMAT

CFS- SEGMENT

CFS A&L

NOTES TO CONSOLIDATED FINANCIAL RESULTS:

• The above consolidated financial results of Bank of Baroda (hereinafter referred as “Bank”) including Subsidiaries (hereinafter referred as “Group”), Joint Ventures and Associates have been recommended by the Audit Committee of Board and approved at the meeting of the Board of Directors held on February 5, 2022. The same has been subjected to limited review by Statutory Central Auditors of the Bank in line with the guidelines issued by the Reserve Bank of India and as per SEBI (Listing Obligations & Disclosure Requirements) Regulation, 2015, as amended thereafter.
• The above consolidated financial results are prepared in accordance with Accounting Standard 25 on “Interim Financial Reporting”, Accounting Standard 21 on “Accounting for Consolidated Financial Statements”, Accounting Standard 23 on Accounting for “Investment in Associates” and Accounting Standard 27 on “Financial Reporting of Interest in Joint Venture”.
• The Group has continued to follow the same accounting policies and practices in preparation of financial statement for the quarter/Nine month ended December 31, 2021 as followed in the previous financial year ended March 31, 2021.
• The above financial results have been arrived at after considering necessary provision for NPAs, Standard Assets, Restructured Assets and Investment Depreciation/Provision, Provisions for contingencies, Employee Benefits, Direct taxes (after adjustment for deferred tax) and for other items/assets are made on estimated basis and subject to adjustments, if any, at the year end.
• In terms of Reserve Bank of India (RBI) guidelines, Pillar 3 disclosures including leverage ratio, liquidity coverage ratio and Net stable funding ratio (NSFR) under the Basel- III framework are being made available on our website “https://www.bankofbaroda.in/shareholders-corner/disclosures-under-basel-iii". These disclosures have not been subjected to review/ audit by Statutory Central Auditors of the Bank.
• The Consolidated Financial Results comprises the financial results of 7 Domestic Subsidiaries, 7 Overseas Subsidiaries, 3 Joint Ventures and 4 Associates as under :-

A. Subsidiaries		Country of Incorporation	Type	Percentage of Holding
i	The Nainital Bank Limited	India	Banking	98.57%
ii	BOB Financial Solutions Limited	India	Non-Banking	100%
iii	BOB Capital Markets Limited	India	Non-Banking	100%
iv	Baroda Global Shared Services Limited	India	Non-Banking	100%
v	Baroda Sun Technologies Limited	India	Non-Banking	100%
vi	Baroda Asset Management India Limited	India	Non-Banking	100%
vii	Baroda Trustee India Private Limited	India	Non-Banking	100%
viii	Bank of Baroda (Uganda) Limited (consolidated)	Uganda	Banking	80%
	Baroda Capital Markets (Uganda) Limited (Subsidiary of Baroda (Uganda) Limited.	Uganda	Non-Banking	100%
ix	Bank of Baroda (Kenya) Limited	Kenya	Banking	86.7
x	Bank of Baroda (Botswana) Limited	Botswana	Banking	100%
xi	Bank of Baroda (New Zealand) Limited	New Zealand	Banking	100%
xii	Bank of Baroda (Guyana) Inc.	Guyana	Banking	100%
xiii	Bank of Baroda (UK) Limited	United Kingdom	Banking	100%
xiv	Bank of Baroda (Tanzania) Limited	Tanzania	Banking	100%
B. Joint Ventures
i	India Infradebt Limited	India	Non-Banking	40.99%
ii	IndiaFirst Life Insurance Company Limited	India	Non-Banking	44%
iii	India International Bank (Malaysia) Bhd	Malaysia	Banking	40%
C.  Associates
i	Baroda U.P. Bank	India	RRB	35%
ii	Baroda Rajasthan Kshetriya Gramin Bank	India	RRB	35%
iii	Baroda Gujarat Gramin Bank	India	RRB	35%
iv	Indo Zambia Bank Limited	Zambia	Banking	20%

• Based on the available financial statements and the declarations from borrowers, the Bank has estimated the liability for Unhedged Foreign Currency in terms of RBI circular DBOD.No.BP.BC.85/21.06.200/2013-14 dated January 15, 2014 and is holding a provision of ₹19057 lakhs as on December 31, 2021.
• The spread of COVID-19 has led to a regional lockdown and in turn led to significant volatility in Global and Indian financial markets and the resultant decrease in global and local economic activities during the first and second wave of COVID-19 pandemic. Further, the extent to which the COVID pandemic and its future waves if any may impact the Bank's operation and asset quality are uncertain.
• The bank is however keeping a close watch on developments on an ongoing basis and taking proactive measures continuously to maintain and improve asset quality. The bank, therefore, believes that there may not be any significant impact on Bank's future financial results.
• The Honourable Supreme Court of India vide an interim order dated 03.09.2020 had directed that accounts which were not declared NPA till 31.08.2020 shall not be declared as NPA till further orders, which was complied with by the Group. The said interim order was vacated on 23.03.2021 and the Bank adhered to the asset classification of borrower accounts as per the extant regulatory lRAC norms. In view of this, the results for the nine months ended December 2021 may not be comparable with the corresponding nine months of FY 2020-21.
• The Bank is holding additional provision of Rs.55893 lakhs over and above the provision as per IRAC norms in certain stressed standard advances on prudent basis.
• As per RBI Circular no. DBR.No.BP.15199/21.04.048/2016-17 and DBR.No.BP.1906/21.04.048/2017-18 dated June 23, 2017 and August 28, 2017 respectively, for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), the Bank is holding total provision of ₹ 768180 lakhs being 100% of total outstanding as on December 31, 2021.
• The Bank has estimated the additional liability on account of revision in family pension for employees as per IBA Joint Note dated November 11, 2020, amounting to ₹ 145441 lakhs. However, RBI vide their Circular RBI/2021-22/105 DOR.ACC.REC.57/21.04.018/2021-22 dated 4th October 2021, has permitted Banks to amortize the said additional liability over a period of not exceeding 5 (five) years, beginning with financial year ending 31st March 2022, subject to a minimum of 1/5th of the total amount being expensed every year. Bank has opted the said provision of RBI, charged an amount of ₹ 7272 lakhs & 21816 lakhs to the Profit & Loss account for the quarter and Nine months ended 31st December 2021 respectively and the balance unamortized expense of ₹123625 lakhs has been carried forward. Had the Bank charged the entire additional liability to the Profit and Loss Account, the net profit for the quarter and Nine months ended December 31, 2021 would have been lower by ₹ 92509 lakhs.
• In accordance with RBI Circular No. DBR.No.BP.BC.18/21.04.048/2018-19 dated 01.01.2019, RBI circular No DOR. No. BP. BC. 34/21.04.048/2019-20 dated 11.02.2020 & RBI circular No DOR. No. BP. BC/4/21.04.048/2020-21 dated 06.08.2020 on 'Restructuring of Advances - Micro, Small and Medium Enterprises (MSME) Sector (One Time Restructuring), the details of MSME restructured borrowers is as under:

No of Accounts	Amount as on 31.12.2021
101123	757115

• In accordance with RBI circular No DOR.STR.REC.12/21.04.048/2021-22 dated 05.05.2021 & RBI circular No DOR.STR.REC.21/21.04.048/2021-22 dated 04.06.2021 on Resolution Framework 2.0 – Resolution of Covid-19 related stress of Micro, Small and Medium Enterprises (MSMEs), the details of accounts restructured is as under.

No of Accounts	Amount as on 31.12.2021	Provision Held
24465	180250	20700

• In accordance with the RBI Cir. No. DOR.STR.REC.11/21.04.048/2021-22 dated 05.05.2021 on “Resolution Framework – 2.0: Resolution of COVID – 19 related stress of Individuals1 and Small Business2”, the number of borrower accounts where modification were sanctioned and implemented and the aggregate exposure to such borrowers are as under:-

No of Accounts	Aggregate exposure as on 31.12.2021
6633	65337

(1. Individual covers only Personal Loan segment as per RBI circular No DOR. No. BP.BC/3/21.04.048/2020-21 dated August 6, 2020 and now covered in to para 5(a) of RBI circular No DOR.STR.REC.11/21.04.048/2021-22 dated May 5, 2021.
2. Small Business (including retail trade and wholesale trade) extended to individual which were covered under MSME as per RBI circular No DOR. No. BP.BC/4/21.04.048/2020-21 dated August 6, 2020 and now covered in to para 5(b) of RBI circular No DOR.STR.REC.11/21.04.048/2021-22 dated May 5, 2021.)

• As per the Reserve Bank of India (RBI) circular no. RBI/2015-16/376 DBR No. BP.BC.92/21.04.048/2015-16 dated April 18, 2016 the Bank has opted to provide the liability for frauds over a period of four quarters. Accordingly, the carry forward provision as on December 31, 2021 is ₹ 17478 lakhs which is to be amortised in the subsequent quarters by the Bank.
• As per RBI circular no. RBI/2018-19/203 DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 on Prudential Framework for Resolution of Stressed Assets, guidelines for implementation of Resolution Plan has been issued, also containing requirements of additional provisions as per para 17 of this RBI circular. The Bank is holding additional provision of ₹ 401592 lakhs as on 31.12.2021 in 27 nos. of accounts as detailed below.

Amount of Loans impacted by RBI Circular (A)	Amount of Loans to be classified as NPA (B)	Amount of Loans as on 31.12.2021 out of (B) classified as NPA (C)	Provision held as on 30.09.2021 (D)	Additional provision/ (reversal) made during quarter ended 31.12.2021 (E)	Provision held as on 31.12.2021 (F)
1391819	965122	965122	511868	(110276)	401592

• Penalties of ₹ 168 lakhs and ₹ 465 lakhs have been imposed on the Group by Reserve Bank of India for the quarter and Nine months ended December 31, 2021 respectively.
• Details of Priority Sector Lending Certificate (PSLC) purchased and sold are as under:

Particulars	Amount In ₹ Lakhs
PSLC Purchased
During Q3 (From 01.10.2021 to 31.12.2021)	Nil
Cumulative till Q3 (From 01.04.2021 to 31.12.2021)	350000
PSLC Sold
During Q3 (From 01.10.2021 to 31.12.2021)	Nil
Cumulative till Q3 (From 01.04.2021 to 31.12.2021)	100000

• In the case of one of the subsidiary Nainital Bank Limited, the management of the subsidiary and the Parent has initiated various steps to improve the controls required as per various regulatory directions in the area of core Banking solution, classification and identification of loan losses and other supervisory functions. The management of Parent Bank does not foresee any material impact over the Group Financial position arising out of the same.
• Disclosure as per the RBI Cir. No. DOR.STR.REC.11/21.04.048/2021-22 dated 05.05.2021 on “Resolution Framework – 2.0: Resolution of COVID – 19 related stress of Individuals and Small Business”, is as under:-

Sl. No	Description	Individual Borrowers		Small Business
		Personal Loans	Business Loans
(A)	Number of requests received for invoking resolution process under Part A	33477	8	10968
(B)	Number of accounts where resolution plan has been implemented under this window	33477	8	10967
(C)	Exposure to accounts mentioned at (B) before implementation of the plan	419002	22.65	54895
(D)	Of (C), aggregate amount of debt that was converted into other securities	0	0	0
(E)	Additional funding sanctioned, if any, including between invocation of the plan and implementation	0	0	0
(F)	Total provisions on account of the implementation of the resolution plan	55513	4.45	6717

• Disclosure as per the RBI Master directions ref no RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 “Master Direction – Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021” dated 24.09.2021 is as under:
  1. Details of stressed loans transferred is as under:

  Details of stressed loans (NPA Accounts) transferred during the period of 01.04.2021 to 31.12.2021
  	To ARCs	To permitted transferees	To other transferees
  No: of accounts	17	4	-
  Aggregate principal outstanding of loans transferred	92125	3940	-
  Weighted average residual tenor of the loans transferred	-	-	-
  Net book value of loans transferred (at the time of transfer)	23133	158	-
  Aggregate consideration	37374	904	-
  Additional consideration realized in respect of accounts transferred in earlier years	-	-	-
  Quantum of excess provision reversed to the profit & loss account on account of sale of stressed loans	14241	746	-

  2. Details of stressed Loan Acquired during FY 2021-22 - Nil
  3. Details of Loans (Not in Default) transferred or acquired during FY 2021-22 – Nil
  4. The Distribution of the SRs held across the various categories of Recovery Ratings assigned to such SRs by the credit Rating Agencies as on 31.12.2021

Recovery Rating Band	Book Value (Rs. In Lakhs)
RR1+	118
RR1	6116
RR2	17635
RR3	649
RR4	4220
RR5	18709
NR3	4710
NR5	1640
NR6	32557
Rating withdrawn	37726
Grand Total	124080

• Other income of the Bank includes recoveries made in written off accounts, fee income on non-fund based banking activities, earnings from foreign exchange transactions, profit and loss on revaluation of investments, profit and loss on sale of investments and dividends from subsidiaries etc.
• Notes on Segment Reporting
  1. As per the guidelines of the RBI on compliance with the Accounting Standards, the 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 Accounting Standard 17 on Segment Reporting issued by Institute of Chartered Accountants of India (ICAI).
  2. Segment revenue represents revenue from external customers.
  3. Capital employed for each segment has been allocated proportionate to the assets of the respective segment.
• The comparative figures for quarter ended December 31, 2021 are the balancing figures between reviewed figures in respect of the Nine months ended December 31, 2021 and the published year to date figures up to September 30, 2021.
• The figures of the previous period have been regrouped/rearranged, wherever necessary, to conform to the current period classification.