Bank of Baroda - India's International Bank - Financials - Quarter/Year ended

(Rs. in Lacs)

Sr. No.		Particulars	Quarter Ended 30.06.2012	Quarter Ended 31.03.2012	Quarter Ended 30.06.2011	Year Ended 31.03.2012
			Reviewed	Audited	Reviewed	Audited
1		Interest earned (a)+(b)+(c)+(d)	8557,61	8118,52	6631,77	29673,72
	(a)	Interest /discount on advances/bills	6426,65	6073,88	5075,50	22369,41
	(b)	Income on investments	1731,51	1639,98	1352,45	6184,73
	(c)	Interest on balances with Reserve Bank of India and other inter bank funds	287,92	232,93	164,49	837,43
	(d)	Others	111,53	171,73	39,33	282,15
2		Other Income	770,80	897,79	640,87	3422,33
3		Total Income (1 + 2)	9328,41	9016,31	7272,64	33096,05
4		Interest Expended	5759,54	5321,12	4334,58	19356,71
5		Operating Expenses (a) + (b)	1315,69	1644,26	1106,78	5108,97
	(a)	Employees cost	760,99	1019,56	645,38	2985,58
	(b)	Other operating expenses	554,70	624,70	461,40	2123,39
6		Total Expenditure (4+5) excluding provisions and contingencies	7075,23	6965,38	5441,36	24465,68
7		Operating Profit before Provisions and Contigencies (3-6)	2253,18	2050,93	1831,28	8630,37
8		Provisions (other than tax) and Contingencies	893,80	843,68	391,05	2554,82
9		Exceptional Items (Refer Note no. 5)	12,44	10,74	13,01	49,75
10		Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9)	1346,94	1196,51	1427,22	6025,80
11		Tax expenses	208,08	(321,67)	394,37	1018,84
12		Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11)	1138,86	1518,18	1032,85	5006,96
13		Extraordinary items (net of tax expenses)	-	-	-	-
14		Net Profit (+) / Loss (-) for the period (12-13)	1138,86	1518,18	1032,85	5006,96
15		Paid-up equity share capital (Face Value of Rs.10 each)	412,38	412,38	392,81	412,38
16		Reserve excluding Revaluation Reserve (as per balance sheet of previous accounting year)	25890,79	25890,79	19357,82	25890,79
17		Analytical Ratios
	i)	Percentage of shares held by Government of India	54.31	54.31	57.03	54.31
	ii)	Capital Adequacy Ratio (%)	13.74	14.67	13.10	14.67
	iii)	Earnings Per Share
		Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.]	27.70	38.73	26.38	127.84
	iv)	NPA Ratios
	(a)	Gross NPA	5319,41	4464,75	3425,46	4464,75
		Net NPA	1844,51	1543,64	1024,42	1543,64
	(b)	% of Gross NPA	1.84	1.53	1.46	1.53
		% of Net NPA	0.65	0.54	0.44	0.54
	v)	Return on Assets (annualized) %	1.01	1.41	1.13	1.24
18		Public Shareholding
	-	No. of shares	18784,38,04	18784,38,04	16826,65,00	18784,38,04
	-	Percentage of shareholding	45.69	45.69	42.97	45.69
19		Promoters and promoter group Shareholding	22327,95,79	22327,95,79	22327,95,79	22327,95,79
	(a)	Pledged/Encumbered
	-	Number of shares	--	--	--	--
	-	Percentage of shares (as a % of the total shareholding of promoter and promoter group)	--	--	--	--
	-	Percentage of share (as a % of the total share capital of the bank)	--	--	--	--
	(b)	Non-encumbered
	-	Number of shares	22327,95,79	22327,95,79	22327,95,79	22327,95,79
	-	Percentage of shares (as a % of the total shareholding of promoter and promoter group)	100.00	100.00	100.00	100.00
	-	Percentage of share (as a % of the total share capital of the bank)	54.31	54.31	57.03	54.31

Notes forming part of the Unaudited financial results for the quarter ended 30th June, 2012

1. The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 29th July, 2012 and approved by the Board of Directors in their meeting held on 30th July, 2012. The same have been subjected to limited review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by the Reserve Bank of India (RBI) and as per the requirements of the Listing Agreements with the Stock Exchanges.

2. The above results for the quarter ended 30th June, 2012 have been prepared following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2012.

3. Figures in respect of results for preceding quarter ended 31st March, 2012 are balancing figures between audited financial results in respect of full financial year ended 31st March, 2012 and published year to date figure up to 3rd quarter ended 31st December, 2011 in financial year ended 31st March, 2012.

4. In accordance with RBI circular no. DBOD.BP.BC.80/21.04.018/2010-11 dated 9th February, 2011, out of the additional pension fund liability as on 31st March, 2011 of Rs.1829.90 crores towards serving employees who exercised option for pension, a proportionate sum of Rs.91.50 crores has been charged to the Profit and Loss Account during the quarter ended 30th June, 2012. The unamortized pension fund liability of Rs.1006.45 crores will be charged proportionately in accordance with the directions contained in the said circular.

5. The Bank has taken over specified Assets & Liabilities of The Memon Co-operative Bank Ltd on 18th April, 2011 as per approval granted by RBI vide letter no. UBD.CO.MEROER No. 7814/09.16.901/2010.11 dated 4th March, 2011. Out of the deficit of Rs.149.25 crores on account of the said take over, the Bank has proportionately charged Rs.12.44 crores to the Profit and Loss Account during the quarter ended 30th June, 2012 as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July, 2011.The balance amount of Rs.87.06 crores will be charged proportionately upto Financial Year 2013-14.

6. Provision for taxes, employee benefits and other provisions for contingencies have been considered on estimated basis.

7. The financial results for the quarter ended 30th June, 2012 have been arrived at after considering provision for Non Performing Assets, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15% . Further, the Bank has made an additional adhoc provision of Rs.328.64 crores during the quarter ended 30th June, 2012 in certain non-performing advance accounts.

8. Non Performing Loan Provisioning Coverage Ratio (including technical write off) is 79.02% as on 30th June, 2012.

9. Details of Investor's complaints for the quarter ended 30th June, 2012: Pending at Beginning - Nil; Received - 61; Disposed off - 61; Closing - Nil

10. Statements of Assets & Liabilities is as under:-

		(Rs. In Lacs)
	As on 30th June 2012	As on 30th June 2011
	Reviewed	Reviewed
CAPITAL & LIABILITIES
Capital	412,38	392,81
Reserves and Surplus	28721,18	21684,04
Deposits	382738,61	312942,88
Borrowings	27670,89	22544,35
Other Liabilities and Provisions	14710,72	12266,47
TOTAL	454253,78	369830,55
ASSETS
Cash and Balances with Reserve Bank of India	15262,16	15955,98
Balances with Banks and Money at Call and Short Notice	44124,40	29583,08
Investments	98216,06	82875,22
Advances	285813,18	232340,06
Fixed Assets	2378,20	2312,61
Other Assets	8459,78	6763,60
TOTAL	454253,78	369830,55

11. The figures of previous period/ year have been regrouped/ rearranged wherever necessary so as to make them comparable with those of the current period.

Segment reporting for the quarter ended 30th June, 2012

Part A: Business Segments
(Rs. in Lacs)

Sr. No.

Particulars

Quarter

Ended

30.06.2012

Reviewed

Quarter

Ended

31.03.2012

Audited

Quarter

Ended

30.06.2011

Reviewed

Year

Ended

31.03.2012

Audited

1
Segment Revenue

(a) Treasury Operations 2030,98 1920,04 1520,42 7325,07

(b) Wholesale Banking 3817,47 3468,96 3042,10 13132,60

(c) Retail Banking 2244,36 2380,90 1863,95 8488,31

(d) Other Banking Operations 1235,60 1246,41 846,17 4150,07

Total Revenue 9328,41 9016,31 7272,64 33096,05

2
Segment Results

(a) Treasury Operations 90,23 548,47 10,18 887,72

(b) Wholesale Banking 286,53 (632,42) 835,33 965,87

(c) Retail Banking 632,95 792,13 615,32 2782,37

(d) Other Banking Operations 678,76 920,75 310,91 2959,73

Total 1688,47 1628,93 1771,74 7595,69

Unallocated Expenditure 341,53 432,42 344,52 1569,89

Profit before Tax 1346,94 1196,51 1427,22 6025,80

Provision for Tax 208,08 (321,67) 394,37 1018,84

Net Profit 1138,86 1518,18 1032,85 5006,96

3
Capital Employed

(a) Treasury Operations 7333,50 6369,46 5777,48 6369,46

(b) Wholesale Banking 8566,73 8612,31 6854,86 8612,31

(c) Retail Banking 4076,38 3879,71 3265,03 3879,71

(d) Other Banking Operations 8864,63 8330,39 5916,43 8330,39

(e) Unallocated 292,32 284,98 263,05 284,98

Total Capital Employed 29133,56 27476,85 22076,85 27476,85