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Financial Result Q4 2019-20


SEBI Standalone

Head Office: Baroda House P B No.506 Mandvi Baroda- 390006

Corporate Office: C-26 G-Block Bandra Kurla Complex Bandra (E) Mumbai- 400051

Audited Standalone Financial Results for the Year / Quarter Ended 31st March 2020

( Rs in lakhs)


Sr. No. Particulars Quarter Ended  Year Ended
31.03.2020 31.12.2019  31.03.2019 * 31.03.2020  31.03.2019 *
Audited Reviewed Audited Audited Audited
1 Interest earned (a)+(b)+(c)+(d) 1869844 1906791 1311068 7598365 4977061
(a) Interest /discount on advances / bills 1329182 1358310 918441 5411577 3438897
(b) Income on investments 446377 456905 325324 1809736 1278672
(c) Interest on balances with Reserve Bank of India and other inter bank funds 42860 37250 43463 176873 173520
(d) Others 51425 54326 23840 200179 85972
2 Other Income 283466 274117 217391 1031733 629449
3 Total Income (1 + 2) 2153310 2180908 1528459 8630098 5606510
4 Interest Expended 1190026 1193886 824722 4853237 3129030
5 Operating Expenses (a)+ (b)+ (C) 451203 491175 317658 1807719 1128798
(a) Employees cost 195445 259416 141300 876952 503913
(b) Rent Taxes & Lighting 41015 37333 28273 151752 103867
(c) Other operating expenses 214743 194426 148085 779015 521018
6 Total Expenditure (4+5) excluding provisions and contingencies 1641229 1685061 1142380 6660956 4257828
7 Operating Profit (3-6) before Provisions and Contingencies  512081 495847 386079 1969142 1348682
8 Provisions (other than tax) and Contingencies 684407 715542 539929 2149353 1278867
of which provisions for NPA & Diminution value of all restructured a/cs 319060 662061 555010 1640490 1219240
9 Exceptional Items                       -                         -                         -                          -                          -  
10 Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9) (172326) (219695) (153850) (180211) 69815
11 Provision for Taxes (222985) (79000) (54713) (234829) 26463
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 50659 (140695) (99137) 54618 43352
13 Extraordinary items (net of tax expenses)                       -                         -                         -                          -                          -  
14 Net Profit (+) / Loss (-) for the period  (12-13) 50659 (140695) (99137) 54618 43352
15 Paid-up equity share capital                                                          (Face Value of Rs 2 each) 92537 92537 53036 92537 53036
16 Reserve excluding Revaluation Reserve 6485133 4089663
17 Analytical Ratios
i) Percentage of shares held by Government of India 71.60 71.60 63.74 71.60 63.74
ii) Capital Adequacy Ratio(%) -Basel-III 13.30 13.48 13.42 13.30 13.42
a CET 1 Ratio (%) 9.44 9.85 10.38 9.44 10.38
b Additional Tier 1 Ratio (%) 1.27 1.60 1.17 1.27 1.17
iii) Earnings Per Share 
Basic EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in Rs.] 1.26 (3.70) (3.75) 1.36 1.64
Diluted EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in Rs.] 1.26 (3.70) (3.22) 1.36 1.41
iv) NPA Ratios
(a) Gross NPA 6938143 7313970 4823277 6938143 4823277
Net NPA 2157659 2650400 1560950 2157659 1560950
(b) % of Gross NPA 9.40 10.43 9.61 9.40 9.61
% of Net NPA 3.13 4.05 3.33 3.13 3.33
v) Return on Assets (annualized) % 0.18 (0.52) (0.52) 0.06 0.06

* figures are related to standalone Bank of Baroda financial results for pre- amalgamation period, hence not comparable with post amalgamation financial results for the year / quarter ended March 31,2020


Statement of Assets & Liabilities is as under

( Rs in lakhs)

Standalone Consolidated
As on
31st March 2020
As on
31st March 2019*
As on
31st March 2020
As on
31st March 2019*
Audited Audited Audited Audited
CAPITAL & LIABILITIES
Capital 92537 53036 92537 53036
Share Application Money Pending Allotment - 504200 - 504200
Reserves and Surplus 7093084 4541073 7517892 4942376
Minority Interest - - 38617 34136
Deposits 94598443 63868972 97322815 66558869
Borrowings 9306931 6720130 9575270 6886753
Other Liabilities and Provisions  4700556 2411329 5447082 2987824
TOTAL 115791551 78098740 119994213 81967194
ASSETS
Cash and Balances with Reserve Bank of India 3264585 2666173 3424478 2822535
Balances with Banks and Money at Call and Short Notice 8925527 6256789 9676029 6965949
Investments 27461461 18229808 28972672 19571624
Advances 69012073 46881874 70653973 48421481
Fixed Assets 888929 699029 904378 714371
Other Assets  6238976 3365067 6340292 3448844
Goodwill on Consolidation - - 22391 22390
TOTAL 115791551 78098740 119994213 81967194

* figures are related to standalone & consolidated Bank of Baroda financial results for pre- amalgamation period, hence not comparable with Statement of Assets & Liabilities as on March 31, 2020

Statement of Standalone Cash Flow for the Year Ended 31st March, 2020


(Rs. in 000's)

Year Ended  Year Ended 
31st March 2020 31st March 2019
A. Cash flow from operating activities:
Net Profit before taxes                 (1802,10,71)                    698,14,96
Adjustments for: 
Depreciation on fixed assets                  1659,64,55                    910,37,91
Depreciation on investments (including on Matured debentures)                    986,73,60                    158,62,32
Bad debts written-off/Provision in respect of non-performing assets                16404,89,53                12192,39,70
Provision for Standard Assets                  3085,48,48                     (35,49,49)
Provision for Other items (Net)                  1016,40,94                    473,14,74
Profit/(loss) on sale of fixed assets (Net)                      (3,69,60)                     (15,35,54)
Payment/provision for interest on subordinated debt (treated separately)                  1674,43,08                  1187,38,39
Dividend received from subsidiaries/others (treated separately)                     (99,90,62)                   (154,08,40)
Sub total 22921,89,25 15415,14,59
Adjustments for:
(Increase)/Decrease in investments               (13308,98,12)               (17678,96,58)
(Increase)/Decrease in advances               (55141,60,31)               (53579,30,19)
(increase)/Decrease in other assets                 (8705,04,25)                  1342,63,71
Increase/(Decrease)in borrowings                11586,05,80                  4075,02,58
Increase/(Decrease) in deposits                30825,41,84                47374,89,48
Increase/(Decrease) in other liabilities and provisions                12796,47,06                  3070,23,76
Direct taxes paid (Net of Refund)                     (44,70,46)                 (4139,30,16)
Net cash from operating  activities (A)                    929,50,81                 (4119,62,81)
B. Cash flow from investing activities:
Purchase/ Transfer in of fixed assets                 (3247,25,14)                 (2616,87,32)
Sales/ Transfer out of fixed assets 3148,78,62 98,94,63
Changes in Trade related investments (Subsidiaries & others) 141,32,31                 (1593,20,87)
Dividend received from subsidiaries/others 99,90,62 154,08,40
Cash paid to shareholders of erstwhile Vijaya Bank and Dena Bank towards fractional entitlements consequent to amalgamation                      (1,73,82)                                 -
Net cash used in investing activities (B)                    141,02,59                 (3957,05,16)
C. Cash flow from financing activities:
Share Capital /Share application Money /Share premium                  8154,47,15                  5042,00,00
Unsecured Subordinated Bonds                  8109,70,00                    554,30,01
Dividend paid including dividend tax                                 -                                 -
Interest paid / payable on unsecured subordinated bonds                 (1674,43,08)                 (1187,38,39)
Net cash from  financing activities (C)       14589,74,07         4408,91,62
Cash & cash equivalents received on account of amalgamation (D)       17011,23,00                                 -
Net increase in cash & cash equivalents (A)+(B)+(C)+(D)       32671,50,47        (3667,76,35)
Cash and cash equivalents as at the beginning of the year 89229,61,54       92897,37,89
Cash and cash equivalents as at the end of the year 121901,12,01       89229,61,54

Notes

Cash & Cash equivalents includes Cash on hand, Balance with RBI & Other banks and Money at call and Short Notice.

As on As on
Components of Cash & Cash Equivalents 31st March 2020 31st March 2019
Cash & Balance with RBI 32645,85,26 26661,72,83
Balances with Banks and Money at Call and Short Notice 89255,26,75 62567,88,71
Total 121901,12,01 89229,61,54

Audited Standalone Segment reporting for the Year / Quarter Ended 31st March 2020

Part A-Business Segments

( Rs in lakhs)

Sr. No.  Particulars Quarter Ended Year Ended
31.03.2020 31.12.2019 31.03.2019 * 31.03.2020 31.03.2019 *
Audited Reviewed Audited Audited Audited
1 Segment Revenue
(a) Treasury Operations 653083 625890 457118 2556563 1700192
(b) Wholesale Banking 700036 834554 563758 3110787 2069778
(c) Retail Banking 800191 714126 487233 2956092 1816190
(d)Other Banking  Operations 0 6337 20350 6656 20350
Total Revenue 2153310 2180907 1528459 8630098 5606510
2 Segment Results
(a) Treasury Operations 78713 106468 117293 432778 249135
(b) Wholesale Banking (333671) (383625) (403496) (863401) (557669)
(c) Retail Banking 224639 177755 187670 765577 683628
(d)Other Banking  Operations (1) 6422 14636 6656 14636
Total (30320) (92980) (83897) 341610 389730
Unallocated Expenditure  142006 126716 69953 521821 319915
Profit before Tax (172326) (219696) (153850) (180211) 69815
Provision for Tax (222985) (79000) (54713) (234829) 26463
Net Profit 50659 (140696) (99137) 54618 43352
3 Segment Assets
(a) Treasury Operations 38969206 31619913 22389446 38969206 22389446
(b) Wholesale Banking 52378208 52353373 35496645 52378208 35496645
(c) Retail Banking 23154150 24009751 18998409 23154150 18998409
(d)Other Banking  Operations                               -                                 -                                     -                           -                           -  
(e) Unallocated 1289987 1373296 1214240 1289987 1214240
Total Assets 115791551 109356333 78098740 115791551 78098740
4 Segment Liabilities
(a) Treasury Operations 36550913 29567113 20927856 36550913 20927856
(b) Wholesale Banking 49127798 48954535 33179413 49127798 33179413
(c) Retail Banking 21717283 22451012 17758187 21717283 17758187
(d)Other Banking  Operations                                 -                                 -                                   -                             -                           -
(e) Unallocated 1209936 1284140 1134974 1209936 1134974
Total Liabilities 108605930 102256800 73000430 108605930 73000430
5 Capital Employed
(a) Treasury Operations 2418293 2052800 1461590 2418293 1461590
(b) Wholesale Banking 3250410 3398838 2317232 3250410 2317232
(c) Retail Banking 1436867 1558739 1240222 1436867 1240222
(d)Other Banking  Operations                               -                                 -                                     -                           -                           -  
(e) Unallocated 80051 89156 79266 80051 79266
Total Capital Employed 7185621 7099533 5098310 7185621 5098310

Part- B : Geographic Segments

Sr. No.  Particulars Quarter Ended Year Ended
31.03.2020 31.12.2019 31.03.2019 * 31.03.2020 31.03.2019 *
Audited Reviewed Audited Audited Audited
1 Revenue
(a) Domestic  1997865 2018389 1364802 7982437 4980380
(b) International 155445 162518 163658 647661 626130
Total 2153310 2180907 1528460 8630098 5606510
2 Assets
(a) Domestic  95806927 97119427 66968171 95806927 66968171
(b) International 19984624 12236906 11130569 19984624 11130569
Total 115791551 109356333 78098740 115791551 78098740

* figures are related to standalone Bank of Baroda financial results for pre- amalgamation period, hence not comparable with post amalgamation financial results for the year / quarter ended March 31, 2020


Standalone Notes Click here

Head Office: Baroda House P B No.506 Mandvi Baroda- 390006

Corporate Office: C-26 G-Block Bandra Kurla Complex Bandra (E) Mumbai- 400051

Audited Consolidated Financial Results for the Year / Quarter Ended 31st March 2020

(Rs in lakhs)

Sr. No. Particulars Quarter Ended  Year Ended
31.03.2020 31.12.2019 31.03.2019 * 31.03.2020 31.03.2019 *
Audited Reviewed Un-Audited Audited Audited
1 Interest earned (a)+(b)+(c)+(d) 1910418 1999053 1419142 7889470 5290625
(a) Interest /discount on advances / bills 1364212 1392435 953183 5549107 3562320
(b) Income on investments 448929 498063 368159 1923360 1417523
(c) Interest on balances with Reserve Bank of India and other inter bank funds 53199 48318 51881 216015 201322
(d) Others 44078 60237 45919 200988 109460
2 Other Income 348566 314414 257835 1219133 788705
3 Total Income (1 + 2) 2258984 2313467 1676977 9108603 6079330
4 Interest Expended 1231875 1231482 859815 5003989 3250572
5 Operating Expenses (a)+ (b)+ (C) 507295 556394 368727 2057628 1276897
(a) Employees cost 210207 272048 153553 927924 543412
(b) Rent Taxes & Lighting 42214 39131 30107 158397 109864
(c) Other operating expenses 254874 245215 185067 971307 623621
6 Total Expenditure (4+5) excluding provisions and contingencies 1739170 1787876 1228542 7061617 4527469
7 Operating Profit (3-6) before Provisions and Contingencies  519814 525591 448435 2046986 1551861
8 Provisions (other than tax) and Contingencies 693176 723362 582374 2170377 1399403
of which provisions for NPA & Diminution value of all restructured a/cs 346897 668539 561937 1680354 1232298
9 Exceptional Items                     -                       -                       -                       -                       -  
10 Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9) (173362) (197771) (133939) (123391) 152458
11 Provision for Taxes (221472) (75884) (52186) (217609) 43751
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 48110 (121887) (81753) 94218 108707
Less: Minority Interest 486 1957 1550 5296 6616
Add: Share of earnings in Associates (1682) 1940 1240 3853 7919
13 Extraordinary items (net of tax expenses)                     -                       -                       -                       -                       -  
14 Net Profit (+) / Loss (-) for the period  (12-13) 45942 (121904) (82063) 92775 110010
15 Paid-up equity share capital                                                          (Face Value of Rs 2 each) 92537 92537 53036 92537 53036
16 Reserve excluding Revaluation Reserve 6905961 4648199
17 Analytical Ratios
i) Percentage of shares held by Government of India 71.60 71.60 63.74 71.60 63.74
ii) Capital Adequacy Ratio(%) -Basel-III 13.87 13.98 14.52 13.87 14.52
a CET 1 Ratio (%) 10.10 10.45 11.60 10.10 11.60
b Additional Tier 1 Ratio (%) 1.22 1.55 1.12 1.22 1.12
iii) Earnings Per Share 
Basic EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in Rs.] 1.15 (3.20) (3.10) 2.32 4.16
Diluted EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in Rs.] 1.15 (3.20) (3.10) 2.32 3.58
iv) NPA Ratios
(a) Gross NPA Not Applicable
Net NPA
(b) % of Gross NPA
% of Net NPA
v) Return on Assets (annualized) %

* figures are related to consolidated Bank of Baroda financial results for pre- amalgamation period, hence not comparable with post amalgamation financial results for the year / quarter ended March 31,2020


"BANK OF BARODA STATEMENT OF CONSOLIDATED CASH FLOW FOR THE YEAR ENDED 31ST MARCH,2020

(Rs. in 000's)

Year Ended Year Ended
31st March 2020 31st March 2019
A. Cash flow from operating activities:
Net Profit before taxes                  (1248,34,15)                   1537,61,52
Adjustments for: 
Depreciation on fixed assets                   1697,22,71                    948,25,01
Depreciation on investments (including on Matured debentures)                   1017,42,15                    165,13,96
Bad debts written-off/Provision in respect of non-performing assets                 16691,37,49                 12322,98,35
Provision for Standard Assets                   3122,59,16                         (,64,07)
Provision for Other items                    872,37,84                   1568,52,40
(Profit)/loss on sale of fixed assets                       (3,56,63)                     (15,43,31)
Payment/provision for interest on subordinated debt(treated separately)                   1674,43,08                   1187,38,39
Sub total 23823,51,65 17713,82,25
Adjustments for:
(Increase)/Decrease in investments                (14892,29,41)                (20744,15,19)
(Increase)/Decrease in advances                (57363,88,85)                (58596,53,45)
(increase)/Decrease in other assets                  (7566,24,29)                   1145,29,20
Increase/(Decrease)in borrowings                 12603,21,70                   3453,41,46
Increase/(Decrease) in deposits                 31171,13,24                 58137,32,06
Increase/(Decrease) in other liabilities and provisions                 14010,87,74                   1741,61,22
Direct taxes paid (Net of Refund)                   (266,99,14)                  (4299,84,12)
Net cash from operating  activities (A)                   1519,32,64                  (1449,06,57)
B. Cash flow from investing activities:
Purchase/Transfer in of fixed assets                  (3303,35,36)                  (2666,03,43)
Sale/ Transfer out of fixed assets                   3166,09,57                    128,66,08
Cash paid to shareholders of erstwhile Vijaya Bank and Dena Bank towards fractional entitlements consequent to amalgamation                       (1,73,82)                                  -
Net cash from investing activities (B)                   (138,99,61)                  (2537,37,35)
C. Cash flow from financing activities:
Share Capital /Share application money/ Share premium 8293,40,35 5081,61,66
Unsecured Subordinated Bonds 8109,70,00 554,30,00
Dividend paid including dividend tax                                  -                                  -
Interest paid / payable on unsecured redeemable bonds                  (1674,43,08)                  (1187,38,39)
Net cash from  financing activities (C) 14728,67,27 4448,53,27
Cash & cash equivalents received on account of amalgamation (D) 17011,23,00                                  -
Net increase in cash & cash equivalents (A)+(B)+(C)+(D)                 33120,23,30                    462,09,35
Cash and cash equivalents as at the beginning of the year 97884,83,97 97422,74,62
Cash and cash equivalents as at the end of the year 131005,07,27 97884,83,97

Notes

Cash & Cash equivalents includes Cash on hand, Balance with RBI & Other banks and Money at call and Short Notice.

As on As on
Components of Cash & Cash Equivalents 31st March 2020 31st March 2019
Cash & Balance with RBI 34244,78,16 28225,34,60
Balances with Banks and Money at Call and Short Notice 96760,29,11 69659,49,37
Total 131005,07,27 97884,83,97

Audited Consolidated Segment reporting for the Year / Quarter Ended 31st March 2020

Part A-Business Segments

( Rs in lakhs)

Sr. No.  Particulars Quarter Ended Year Ended
31.03.2020 31.12.2019 31.03.2019 * 31.03.2020 31.03.2019 *
Audited Reviewed Un-Audited Audited Audited
1 Segment Revenue
(a) Treasury Operations 684509 660714 480618 2687198 1806804
(b) Wholesale Banking 718660 858301 568128 3186801 2134735
(c) Retail Banking 823200 729698 518247 3037487 1890197
(d)Other Banking  Operations 32615 64753 109984 197117 247594
Total Revenue 2258984 2313466 1676977 9108603 6079330
2 Segment Results
(a) Treasury Operations 86446 116592 121432 470697 284188
(b) Wholesale Banking (339900) (371346) (404260) (844080) (531360)
(c) Retail Banking 219473 174337 191337 764243 698090
(d)Other Banking  Operations 2201 10719 31711 11879 28459
Total (31780) (69698) (59780) 402739 479377
Unallocated Expenditure  143750 128091 74469 527573 325616
Profit before Tax (175530) (197789) (134249) (124834) 153761
Provision for Tax (221472) (75884) (52186) (217609) 43751
Net Profit 45942 (121905) (82063) 92775 110010
3 Segment Assets
(a) Treasury Operations 41222922 33873629 24321670 41222922 24321670
(b) Wholesale Banking 53213192 53188356 36366275 53213192 36366275
(c) Retail Banking 23749084 24599449 19636587 23749084 19636587
(d)Other Banking  Operations 515784 641185 425151 515784 425151
(e) Unallocated 1293231 1376541 1217511 1293231 1217511
Total Assets 119994213 113679160 81967194 119994213 81967194
4 Segment Liabilities
(a) Treasury Operations 38608429 31614929 22689801 38608429 22689801
(b) Wholesale Banking 49838235 49641746 33926270 49838235 33926270
(c) Retail Banking 22242838 22959153 18319064 22242838 18319064
(d)Other Banking  Operations 483072 598431 396625 483072 396625
(e) Unallocated 1211210 1284753 1135822 1211210 1135822
Total Liabilities 112383784 106099012 76467582 112383784 76467582
5 Capital Employed
(a) Treasury Operations 2614493 2258700 1631869 2614493 1631869
(b) Wholesale Banking 3374957 3546610 2440005 3374957 2440005
(c) Retail Banking 1506246 1640296 1317523 1506246 1317523
(d)Other Banking  Operations 32712 42754 28526 32712 28526
(e) Unallocated 82021 91788 81689 82021 81689
Total Capital Employed 7610429 7580148 5499612 7610429 5499612

Part- B : Geographic Segments

Sr. No.  Particulars Quarter Ended Year Ended
31.03.2020 31.12.2019 31.03.2019 * 31.03.2020 31.03.2019 *
Audited Reviewed Audited Audited Audited
1 Revenue
(a) Domestic  2054679 2103420 1514170 8273811 5300341
(b) International 204305 210046 162807 834792 778989
Total 2258984 2313466 1676977 9108603 6079330
2 Assets
(a) Domestic  96981447 98670732 68530203 96981447 68530203
(b) International 23012766 15008428 13436991 23012766 13436991
Total 119994213 113679160 81967194 119994213 81967194

Consolidate SEBI Notes march 20 Click here

Financial Result Q3 2019-20
LCR Disclosure Q3 FY19-20

SEBI Formate

( Rs in lakhs)
Sr. No.   Particulars Quarter Ended  Half Year Ended Year Ended (Standalone)
30.09.2019  30.06.2019 30.09.2018* 30.09.2019 30.09.2018* 31.03.2019 *
      Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1   Interest earned (a)+(b)+(c)+(d) 1927397 1894333 1207834 3821730 2371822 4977061
(a) Interest /discount on advances / bills 1389071 1335014 821801 2724085 1620412 3438897
(b) Income on investments 441860 464594 321984 906454 621770 1278672
(c) Interest on balances with Reserve Bank of India and other inter bank funds 46588 50175 45990 96763 90163 173520
(d) Others 49878 44550 18059 94428 39477 85972
2   Other Income 282394 191757 135161 474151 249944 629449
3   Total Income (1 + 2) 2209791 2086090 1342995 4295881 2621766 5606510
4   Interest Expended 1224604 1244721 758580 2469325 1484460 3129030
5   Operating Expenses (a)+ (b)+ (C) 451595 413746 276224 865341 528556 1128798
  (a) Employees cost 228149 193942 122170 422091 232260 503913
  (b) Rent Taxes & Lighting 39949 33455 28034 73404 50803 103867
  (c) Other operating expenses 183497 186349 126020 369846 245493 521018
6   Total Expenditure (4+5) excluding provisions and contingencies 1676199 1658467 1034804 3334666 2013016 4257828
7   Operating Profit (3-6) before Provisions and Contingencies  533592 427623 308191 961215 608750 1348682
8   Provisions (other than tax) and Contingencies 420916 328488 242954 749404 459518 1278867
  of which provisions for NPA & Diminution value of all restructured a/cs 342533 316836 146656 659369 322628 1219240
9   Exceptional Items                       -                         -                         -                       -                       -                          -  
10   Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9) 112676 99135 65237 211811 149232 69815
11   Provision for Taxes 39008 28148 22699 67156 53868 26463
12   Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 73668 70987 42538 144655 95364 43352
13   Extraordinary items (net of tax expenses)                       -                         -                         -                       -                       -                          -  
14   Net Profit (+) / Loss (-) for the period  (12-13) 73668 70987 42538 144655 95364 43352
15   Paid-up equity share capital                                                          (Face Value of ₹2 each) 77061 77061 53036 77061 53036 53036
16   Reserve excluding Revaluation Reserve                           -                       -   4089663
17   Analytical Ratios            
i) Percentage of shares held by Government of India 69.23 69.23 63.74 69.23 63.74 63.74
ii) Capital Adequacy Ratio(%) -Basel-III 12.98 11.50 11.88 12.98 11.88 13.42
a CET 1 Ratio (%) 9.84 8.50 9.05 9.84 9.05 10.38
b Additional Tier 1 Ratio (%) 1.07 1.06 1.20 1.07 1.20 1.17
iii) Earnings Per Share             
  Basic EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in ₹.] 2.01 2.04 1.60 3.95 3.60 1.64
  Diluted EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in ₹.] 2.01 2.04 1.60 3.95 3.60 1.41
iv) NPA Ratios            
(a) Gross NPA 6996895 6971395 5512137 6996895 5512137 4823277
  Net NPA 2489438 2503029 2105922 2489438 2105922 1560950
(b) % of Gross NPA 10.25 10.28 11.78 10.25 11.78 9.61
  % of Net NPA 3.91 3.95 4.86 3.91 4.86 3.33
v) Return on Assets (annualized) % 0.28 0.31 0.23 0.31 0.26 0.06
* figures are related to stanalone Bank of Baroda financials for pre- amalgamation period, hence not comparable with post amalgamation financials for the half year / quarter ended , September 2019

Notes forming part of the reviewed consolidated financial results for the Quarter and Half year ended September 30, 2019

    • The above consolidated financial results of Bank of Baroda including Subsidiaries (hereinafter referred as “group”), Jointly controlled entities and Associates have been reviewed by the Audit Committee of the Board and approved by the Board of Directors in their respective meetings held on November 08, 2019. The same have been subjected to review by the Statutory Central Auditors of the Bank. The consolidated figures for the corresponding quarter ended September 30 2018 and the corresponding period from April 1, 2018 to September 30 2018, as reported in these financial results have been approved by the Parent’s Board of Directors, but have not been subjected to review by the Auditors since the requirement of submission of quarterly consolidated financial results has become mandatory only from April 1, 2019.
    • The above results for the quarter / half year ended September 30, 2019 have been prepared, following the same accounting policies as those followed in the annual financial statements for the year ended March 31, 2019 except as stated in Note 15
    • RBI Circular DBOD.NO.BP.BC.1/21.06.201/2015-16 dated July 01, 2015 on Basel III Capital Regulations read together with RBI circular no DBR.NO.BP.BC. 80/21.06.201/2014-15 dated March 31, 2015 on Prudential Guidelines on Capital Adequacy and Liquidity Standards Amendments requires banks to make applicable Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel- III framework. These details are being made available on our website “www.bankofbaroda.com''. These disclosures have not been subjected to audit or review by the statutory Central Auditors of the Bank.
    • The above consolidate 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” in CFS.
    • In accordance to SEBI regulations, for the purpose of quarterly consolidated financial results, minimum eighty percent of each of consolidated revenue, assets and profits have been included subject to audit or limited review.
    • The Consolidated Financial Results as referred above comprises the financial results of 7 Domestic Subsidiaries, 10 Overseas Subsidiaries, 4 Associates and 3 Joint Ventures as under :-
      Domestic Subsidiaries Overseas Subsidiaries
      Banking:-
      • The Nainital Bank Ltd.
      Banking:-
      • Bank of Baroda (Botswana) Ltd.
      • Bank of Baroda (Kenya) Ltd.
      • Bank of Baroda (Uganda) Ltd.
      • a) Baroda Capital Markets (Uganda) Limited. (Subsidiary of Bank of Baroda Uganda Ltd.- Non Banking)
      • Bank of Baroda (Guyana) Inc.
      • Bank of Baroda (Tanzania) Ltd.
      • Bank of Baroda (Trinidad & Tobago) Ltd.
      • Bank of Baroda (Ghana) Ltd.
      • Bank of Baroda (New Zealand) Ltd.
      • Bank of Baroda (UK) Ltd.
      Non-Banking:-
      • BOB Capital Markets Ltd.
      • BOB Financial Solutions Ltd.
      • Baroda Global Shared Services Ltd.
      • Baroda Sun Technologies Ltd.
      • Baroda Asset Management India Ltd.
      • Baroda Trustee India Pvt Ltd.

      Domestic Associates

      Regional Rural Banks

      • Baroda Uttar Pradesh Gramin Bank
      • Baroda Rajasthan Kshetriya Gramin Bank
      • Baroda Gujarat Gramin Bank

      Domestic Joint Ventures

      • India First Life Insurance Co Ltd
      • India Infradebt Ltd
      Non-Banking:-
      • BOB (UK) Ltd.

      Overseas Associates

      • Indo Zambia Bank Ltd

      Overseas Joint Ventures

      • India International Bank (Malaysia) Bhd.

The limited reviewed financials of six overseas subsidiary viz. Bank of Baroda (Botswana) Ltd., Bank of Baroda (Kenya) Ltd., Bank of Baroda (Uganda) Ltd., Bank of Baroda (Guyana) Inc., Bank of Baroda (Tanzania) Ltd., Bank of Baroda (UK) Ltd., two Domestic Joint Venture viz India Infradebt Ltd. , India First Life Insurance Co Ltd and three Domestic Associates viz. Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Kshetriya Gramin Bank and Baroda Gujarat Gramin Bank are included in the consolidated financial results.

  • The Government of India through a gazette notification dated January 2, 2019 approved the scheme of amalgamation between Bank of Baroda, Dena Bank and Vijaya Bank. The amalgamation has come into effect from April 1, 2019. The results for quarter/ half year ending September 30, 2019 includes operations of erstwhile Vijaya Bank and erstwhile Dena Bank. Hence the results for current quarter/ half year (September 30, 2019) are not comparable with corresponding period of previous year (September 30, 2018) and for the year ended March 31, 2019.
  • In pursuant of amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda, an associate (Regional Rural Bank) of Dena Bank viz. Dena Gujarat Gramin Bank has been amalgamated with Baroda Gujarat Gramin Bank w.e.f. April 01, 2019.
  • The shareholders of the parent Bank has approved Employee Share Purchase Scheme (ESPS) in their 23rd Annual General Meeting held on 27th June, 2019. Accordingly parent Bank has offered 1500 lacs fresh equity shares to their eligible employees as per scheme @Rs.75.47 per share as per SEBI guidelines for the period from September 19, 2019 to October 11, 2019. The parent Bank has approved allotment of 12,23,73,432 equity shares of face value of Rs.2 /- each at issue price of Rs.75.47 aggregating to Rs.92355 lakh on October 25, 2019 to eligible employees of the parent Bank who have subscribed shares under Bank of Baroda Employee Share Purchase Scheme 2019.
  • The Government of India on September 30, 2019 infused an amount of Rs.700000 lakh towards preferential allotment of equity shares. Pending allotment, Bank has recorded this amount as Share application pending allotment and included in CET-I capital for computation of CRAR as per RBI approval vide letter no. 3018/21.01.002/2019-20 dated October 15, 2019.
  • The Bank has considered Amalgamation Reserve of Rs.340693 lakh under CET-I for the purpose of calculation of CRAR as per RBI approval vide letter no. DBR. CO. BP. No. 2368/21.01.002/2019-20 dated September 24, 2019.
  • During the current quarter, Bank has raised Basel-III compliant Tier-II Bonds of Rs.50000 lakh.
  • As per RBI Circular No. DBR.No.BO.15199/21.04.048/2016-17 dated June 23, 2017, for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), the bank is holding total provision of Rs.1141295 lakh which includes additional provision of Rs.8194 lakh in respect of 28 borrower accounts under the provisions of Insolvency and Bankruptcy Code (IBC) and RBI Directions as at September 30, 2019.
  • As per RBI Circular No. DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019 on ‘Restructuring of Advances - Micro, Small and Medium Enterprises (MSME) Sector’ (One Time Restructuring), 7824 MSME borrower accounts were restructured till September 30, 2019 amounting to Rs. 44693.33 lakh.
  • During the quarter as per the Reserve bank of India circular number DBR No. BP.BC.92/21.04.048/2015-16 dated April 18, 2016 the holding bank has opted to provide the liability for the said frauds over a period of four quarters as against the earlier policy of charging the same in the relevant period. Accordingly, out of fraud provision of Rs.53110 lakh, Bank has charged Rs.13278 lakh during current quarter and deferred over the next three quarter an amount of Rs.39833 lakh.
  • Pursuant to the proposed bipartite agreement on wage revision (due with effect from November 01, 2017), Bank holds provision of sum of Rs.153667 lakh as of September 30, 2019. During the quarter, bank has made provision of Rs.20225 lakh on wage revision.
  • Government of India has inserted section 115BAA in the Income Tax Act 1961 vide the Taxation Laws (Amendment) Ordinance 2019 dated September 20, 2019, which provides a non-reversible option to domestic companies to pay corporate tax at reduced rate effective from April 1, 2019 subject to certain conditions. The Parent Bank other entities in the group continues to recognise the taxes on income for the quarter and half year ended September 30, 2019 as per earlier provisions of the Income Tax Act.
  • As stated in note no 7, Dena bank and Vijaya Bank have amalgamated with effect from April 1, 2019. On amalgamation the bank has carried forward tax losses of the amalgamating banks. The bank is in the process of obtaining a legal opinion with respect to possibilities of claiming such losses. Pending such evaluation the Provision for tax has been calculated without considering such losses and based on the general principles applicable to the bank as stated in note 17 above. The bank has not calculated the deferred tax on such losses in absence of virtual certainty.
  • The Parent 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 maintained a provision of Rs. 12084 lakh as on September 30, 2019.
  • The consolidated financial figures the Half Year and quarter ended September 30, 2018 has been certified by the management but unaudited/unreviewed by the auditors. In terms of SEBI (Listing Obligation and Disclosure Requirement) guidelines, the listing entities need to submit quarterly consolidated financial results in addition to standalone financial results from April 01, 2019 onwards.
  • The figures for the quarter ended September 30, 2019 are the balancing figures between reviewed figures in respect of the half year ended September 30, 2019 and the published year-to-date figure up to June 30, 2019.
  • The figures of the previous period have been regrouped / rearranged, wherever necessary, to confirm to the current period classification.

Statement of Assets & Liabilities is as under:-

( Rs in lakhs)
  Standalone Consolidated
  As on
30th September 2019
As on
30th September 2018*
As on
30th September 2019
As on
30th September 2018*
  Reviewed Reviewed Reviewed Reviewed
CAPITAL & LIABILITIES        
Capital 77061 53036 77061 53036
Share Application Money Pending Allotment 700000   700000  
Reserves and Surplus 6324127 4470312 6740628 4817722
Minority Interest  NA   NA  35395 29293
Deposits 89412977 60697317 92199919 62451001
Borrowings 7698833 6627840 7869876 6891641
Other Liabilities and Provisions  3062333 2294885 3660238 2935375
T O T A L 107275331 74143390 111283117 77178068
ASSETS        
Cash and Balances with Reserve Bank of India 4016258 2296966 4195846 2416055
Balances with Banks and Money at Call and Short Notice 7166072 6659284 7917020 7067500
Investments 26415104 18420443 27842782 19709162
Advances 63734024 43354912 65263755 44480827
Fixed Assets 960155 544080 976435 559835
Other Assets  4983718 2867705 5064888 2944689
Goodwill on Consolidation  NA  NA 22391                               -  
T O T A L 107275331 74143390 111283117 77178068
* figures are related to standalone  & consolidated Bank of Baroda financials for pre- amalgamation period, hence not comparable with post amalgamation financials for the quarter ended 30th September , 2019

Reviewed Standalone Segment reporting for the Half Year / Quarter Ended 30th September 2019

Part A-Business Segments

( Rs in lakhs)
Sr. No.  Particulars Quarter Ended Half Year Ended Year Ended
30.09.2019 30.06.2019 30.09.2018* 30.09.2019 30.09.2018* 31.03.2019 *
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1 Segment Revenue            
(a) Treasury Operations 659165 618425 405721 1277590 796494 1700192
(b) Wholesale Banking 730648 845549 466680 1576197 934416 2069778
(c) Retail Banking 819859 621916 470594 1441775 890856 1816190
(d)Other Banking  Operations 119 200                         -                          319                           -   20350
Total Revenue 2209791 2086090 1342995 4295881 2621766 5606510
2 Segment Results            
(a) Treasury Operations 117775 129822 (8364) 247597 (7048) 249135
(b) Wholesale Banking (148471) 2366 (64894) (146105) 8629 (557669)
(c) Retail Banking 256518 106665 213492 363183 311313 683628
(d)Other Banking  Operations 35 200                         -                          235                           -   14636
Total 225857 239053 140234 464910 312894 389730
Unallocated Expenditure  113181 139918 74997 253099 163662 319915
Profit before Tax 112676 99135 65237 211811 149232 69815
Provision for Tax 39008 28148 22699 67156 53868 26463
Net Profit 73668 70987 42538 144655 95364 43352
3 Segment Assets            
(a) Treasury Operations 31373438 30954323 28285360 31373438 28285360 22389446
(b) Wholesale Banking 45444440 45452425 31120274 45444440 31120274 35496645
(c) Retail Banking 29216716 27741787 14084181 29216716 14084181 18998409
(d)Other Banking  Operations                               -                                 -                           -                             -                             -                           -  
(e) Unallocated 1240737 2042255 653575 1240737 653575 1214240
Total Assets 107275331 106190790 74143390 107275331 74143390 78098740
4 Segment Liabilities            
(a) Treasury Operations 29296645 29114910 26559723 29296645 26559723 20927856
(b) Wholesale Banking 42436205 42751485 29221685 42436205 29221685 33179413
(c) Retail Banking 27282689 26093274 13224931 27282689 13224931 17758187
(d)Other Banking  Operations                                 -                                 -                           -                             -                             -                           -
(e) Unallocated 1158604 1920897 613703 1158604 613703 1134974
Total Liabilities 100174143 99880566 69620042 100174143 69620042 73000430
5 Capital Employed            
(a) Treasury Operations 2076793 1839413 1725637 2076793 1725637 1461590
(b) Wholesale Banking 3008235 2700940 1898589 3008235 1898589 2317232
(c) Retail Banking 1934027 1648513 859250 1934027 859250 1240222
(d)Other Banking  Operations                               -                                 -                           -                             -                             -                           -  
(e) Unallocated 82133 121358 39872 82133 39872 79266
Total Capital Employed 7101188 6310224 4523348 7101188 4523348 5098310

Part- B : Geographic Segments

Sr. No.  Particulars Quarter Ended Half Year Ended Year Ended
30.09.2019 30.06.2019 30.09.2018* 30.09.2019 30.09.2018* 31.03.2019 *
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1 Revenue            
(a) Domestic  2049512 1916671 1191159 3966183 2326578 4980380
(b) International 160279 169419 151836 329698 295188 626130
Total 2209791 2086090 1342995 4295881 2621766 5606510
2 Assets            
(a) Domestic  95599967 94915365 57884096 95599967 57884096 66968171
(b) International 11675364 11275425 16259294 11675364 16259294 11130569
Total 107275331 106190790 74143390 107275331 74143390 78098740
* figures are related to stanalone Bank of Baroda financials for pre- amalgamation period, hence not comparable with post amalgamation financials for the half year / quarter ended , September 2019

Reviewed Consolidated Financial Results for the Half Year / Quarter Ended 30th September 2019

( Rs in lakhs)
Sr. No.   Particulars Quarter Ended  Half Year Year Ended (Consolidated)
30.09.2019 30.06.2019 30.09.2018 * 30.09.2019 30.09.2018* 31.03.2019 *
      Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1   Interest earned (a)+(b)+(c)+(d) 2007668 1972331 1273725 3979999 2500677 5290625
(a) Interest /discount on advances / bills 1423349 1369111 850931 2792460 1676341 3562320
(b) Income on investments 476903 499465 352379 976368 682048 1417523
(c) Interest on balances with Reserve Bank of India and other inter bank funds 56147 58351 52049 114498 102169 201322
(d) Others 51269 45404 18366 96673 40119 109460
2   Other Income 322789 233364 180554 556153 326552 788705
3   Total Income (1 + 2) 2330457 2205695 1454279 4536152 2827229 6079330
4   Interest Expended 1261054 1279578 786511 2540632 1539214 3250572
5   Operating Expenses (a)+ (b)+ (C) 507151 486788 311498 993939 594393 1276897
(a) Employees cost 240099 205570 132315 445669 250293 543412
(b) Rent Taxes & Lighting 41650 35402 29459 77052 53526 109864
(c) Other operating expenses 225402 245816 149724 471218 290574 623621
6   Total Expenditure (4+5) excluding provisions and contingencies 1768205 1766366 1098009 3534571 2133607 4527469
7   Operating Profit (3-6) before Provisions and Contingencies  562252 439329 356270 1001581 693622 1551861
8   Provisions (other than tax) and Contingencies 432222 321617 269769 753839 506539 1399403
  of which provisions for NPA & Diminution value of all restructured a/cs 347086 317832 146468 664918 324751 1232298
9   Exceptional Items                     -                       -                       -                       -                       -                       -  
10   Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9) 130030 117712 86501 247742 187083 152458
11   Provision for Taxes 44648 35099 27412 79747 63423 43751
12   Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 85382 82613 59089 167995 123660 108707
    Less: Minority Interest 1630 1223 2087 2853 3135 6616
    Add: Share of earnings in Associates 1589 2006 3369 3595 5464 7919
13   Extraordinary items (net of tax expenses)                     -                       -                       -                       -                       -                       -  
14   Net Profit (+) / Loss (-) for the period  (12-13) 85341 83396 60371 168737 125989 110010
15   Paid-up equity share capital                                                          (Face Value of ₹2 each) 77061 77061 53036 77061 53036 53036
16   Reserve excluding Revaluation Reserve           4648199
17   Analytical Ratios            
i) Percentage of shares held by Government of India 69.23 69.23 63.71 69.23 63.71 63.74
ii) Capital Adequacy Ratio(%) -Basel-III 13.45 12.12 12.55 13.45 12.55 14.52
a CET 1 Ratio (%) 10.38 9.19 9.84 10.38 9.84 11.60
b Additional Tier 1 Ratio (%) 1.03 1.03 1.16 1.03 1.16 1.12
iii) Earnings Per Share             
  Basic EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in ₹.] 2.33 2.39 2.28 4.60 4.76 4.16
  Diluted EPS before and after Extraordinary items net of tax expenses  (not annualized) [ in ₹.] 2.33 2.39 2.28 4.60 4.76 3.58
iv) NPA Ratios            
(a) Gross NPA Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
  Net NPA
(b) % of Gross NPA
  % of Net NPA
v) Return on Assets (annualized) %
* figures are related to stanalone Bank of Baroda financials for pre- amalgamation period, hence not comparable with post amalgamation financials for the half year / quarter ended , September 2019

Reviewed Consolidated Segment reporting for the Half Year / Quarter Ended 30th September 2019

Part A-Business Segments

( Rs in lakhs)
Sr. No.  Particulars Quarter Ended Half Year Ended Year Ended
30.09.2019 30.06.2019 30.09.2018 * 30.09.2019  30.09.2018 * 31.03.2019 *
Reviewed Reviewed Un-reviewed Reviewed Un-reviewed Audited
1 Segment Revenue            
(a) Treasury Operations 693210 648765 430143 1341975 844220 1806804
(b) Wholesale Banking 744327 865513 483386 1609840 965664 2134735
(c) Retail Banking 843284 641305 487228 1484589 923515 1890197
(d)Other Banking  Operations 49637 50112 53522 99749 93830 247594
Total Revenue 2330458 2205695 1454279 4536153 2827229 6079330
2 Segment Results            
(a) Treasury Operations 128792 138867 (3815) 267659 7762 284188
(b) Wholesale Banking (143833) 10999 (56217) (132834) 25084 (531360)
(c) Retail Banking 259833 110600 213100 370433 315453 698090
(d)Other Banking  Operations (176) (865) 11227 (1041) 7385 28459
Total 244616 259601 164295 504217 355684 479377
Unallocated Expenditure  114626 141106 76512 255732 166272 325616
Profit before Tax 129990 118495 87783 248485 189412 153761
Provision for Tax 44648 35099 27412 79747 63423 43751
Net Profit 85342 83396 60371 168738 125989 110010
3 Segment Assets            
(a) Treasury Operations 33465226 32996128 29608329 33465226 29608329 24321670
(b) Wholesale Banking 46275833 46317052 31735363 46275833 31735363 36366275
(c) Retail Banking 29860349 28334659 14536005 29860349 14536005 19636587
(d)Other Banking  Operations        437,749.00 435827 641409 437749 641409 425151
(e) Unallocated 1243960 2045583 656962 1243960 656962 1217511
Total Assets 111283117 110129249 77178068 111283117 77178068 81967194
4 Segment Liabilities            
(a) Treasury Operations 31204495 30984349 27739728 31204495 27739728 22689801
(b) Wholesale Banking 43149687 43493094 29732524 43149687 29732524 33926270
(c) Retail Banking 27843144 26607091 13618629 27843144 13618629 18319064
(d)Other Banking  Operations 408177 409254 600929 408177 600929 396625
(e) Unallocated 1159925 1920864 615500 1159925 615500 1135822
Total Liabilities 103765428 103414652 72307310 103765428 72307310 76467582
5 Capital Employed            
(a) Treasury Operations 2260731 2011779 1868601 2260731 1868601 1631869
(b) Wholesale Banking 3126146 2823958 2002839 3126146 2002839 2440005
(c) Retail Banking 2017205 1727568 917376 2017205 917376 1317523
(d)Other Banking  Operations          29,572.00 26573 40480 29572 40480 28526
(e) Unallocated 84035 124719 41462 84035 41462 81689
Total Capital Employed 7517689 6714597 4870758 7517689 4870758 5499612

Part- B : Geographic Segments

Sr. No.  Particulars Quarter Ended Half Year Ended Year Ended
30.09.2019 30.06.2019 30.09.2018 * 30.09.2019  30.09.2018 * 31.03.2019 *
Reviewed Reviewed Reviewed Audited Audited Audited
1 Revenue            
(a) Domestic  2123359 1992353 1267433 4115712 2464197 5300341
(b) International 207099 213342 186846 420441 363032 778989
Total 2330458 2205695 1454279 4536153 2827229 6079330
2 Assets            
(a) Domestic  96953444 96522720 59385771 96953444 59385771 68530203
(b) International 14329672 13606529 17792297 14329672 17792297 13436991
Total 111283116 110129249 77178068 111283116 77178068 81967194
* figures are related to stanalone Bank of Baroda financials for pre- amalgamation period, hence not comparable with post amalgamation financials for the half year / quarter ended , September 2019
  • The above financial results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors in their respective meetings held on November 08, 2019. The same have been subjected to review by the Statutory Central Auditors of the Bank. The cash flow statement for the half year ended September 30, 2018 has been approved by the Bank’s Board of Directors, but has not been subjected to review since the requirement of submission of cash flow statement has become mandatory only from April 01, 2019.
  • The above results for the quarter and half year ended September 30, 2019 have been prepared, following the same accounting policies as those followed in the annual financial statements for the year ended March 31, 2019 except as stated in Note 12
  • RBI Circular DBOD.NO.BP.BC.1/21.06.201/2015-16 dated July 01, 2015 on Basel III Capital Regulations read together with RBI circular no DBR.NO.BP.BC. 80/21.06.201/2014-15 dated March 31, 2015 on Prudential Guidelines on Capital Adequacy and Liquidity Standards Amendments requires banks to make applicable Pillar 3 disclosures including leverage ratio and liquidity coverage ratio under the Basel- III framework. These details are being made available on our website “www.bankofbaroda.com''. These disclosures have not been subjected to audit or review by the statutory Central Auditors of the Bank.
  • The financial results for the quarter and half year ended September 30, 2019, have been arrived after considering provision on Non-Performing Assets, Standard Assets, exposures to entities with Unhedged Foreign Currency Exposure, GST registered borrowers and depreciation / Provision for Investments and Non-Performing Investments on the basis of prudential norms and specific guidelines issued by the RBI. As a consistent practice, the Bank has made a provision of 20% on the Secured Sub-standard Advances as against the regulatory requirement of 15%. In addition to the above, Bank has maintained provision on non-fund based facilities of NPA borrowers, by applying 50% credit conversion factor (CCF), based on the asset class of the fund-based facility of the borrower. Bank also made 100% provision on certain class of non-performing retail advances.
  • The Government of India through a gazette notification F.No.1/1/2017-BOA dated January 2, 2019 approved the scheme of amalgamation between Bank of Baroda, Dena Bank and Vijaya Bank. The amalgamation has come into effect from April 1, 2019. The results for quarter and half year ending September 30, 2019 includes operations of erstwhile Vijaya Bank and erstwhile Dena Bank. Hence the results for current quarter and half year September 30, 2019 are not comparable with corresponding period of previous year September 30, 2018 and for the year ended 31st March, 2019.
  • The Government of India on September 30, 2019 infused an amount of Rs.700000 lakh towards preferential allotment of equity shares. Pending allotment, Bank has recorded this amount as Share application pending allotment and included in CET-I capital for computation of CRAR as per RBI approval vide letter no. 3018/21.01.002/2019-20 dated October 15, 2019.
  • The Bank has considered Amalgamation Reserve Rs. 340693 lakh under CET-I for the purpose of calculation of CRAR as per RBI approval vide letter no. DBR. CO. BP. No. 2368/21.01.002/2019-20 dated September 24, 2019.
  • The shareholder of the Bank has approved Employee Share Purchase Scheme (ESPS) in their 23rd Annual General Meeting held on June 27, 2019. Accordingly Bank has offered 1500 lakh fresh equity shares to the eligible employees as per scheme @Rs.75.47 per share as per SEBI guidelines for the period from September 19, 2019 to October 11, 2019. However, Bank has approved allotment of 12,23,73,432 equity shares of face value of Rs.2 /- each at issue price of Rs.75.47 aggregating to Rs.92355 lakh on October 25, 2019 to eligible employees of the Bank who have subscribed shares under Bank of Baroda Employee Share Purchase Scheme 2019.
  • During the current quarter, Bank has raised Basel-III compliant Tier-II Bonds of Rs.50000 lakh.
  • As per RBI Circular No. DBR.No.BO.15199/21.04.048/2016-17 dated June 23, 2017, for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), the bank is holding total provision of Rs.1141295 lakh which includes additional provision of Rs.8194 lakh in respect of 28 borrower accounts under the provisions of Insolvency and Bankruptcy Code (IBC) and RBI Directions as at September 30, 2019.
  • As per RBI Circular No. DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019 on ‘Restructuring of Advances - Micro, Small and Medium Enterprises (MSME) Sector’ (One Time Restructuring), 7824 MSME borrower accounts were restructured till September 30, 2019 amounting to Rs.44693.33 lakh.
  • During the quarter as per the Reserve bank of India circular number 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 as against the earlier policy of charging the same in the relevant period. Accordingly, out of fraud provision of Rs.53110 lakh, Bank has charged Rs.13278 lakh during the current quarter and deferred Rs .39833 lakh to the subsequent three quarters.
  • Other income of the Bank includes income from non-fund based activities such as brokerage, commission, fees, income from foreign exchange fluctuation, profit / loss on sale of investments, recovery from written off accounts and income from sale of priority sector lending certificates etc.
  • Pursuant to the proposed bipartite agreement on wage revision (due with effect from November 01, 2017), bank holds provision of sum of Rs.152413 lakh as of September 30, 2019. During the quarter, bank has made provision of Rs.19880 lakh on wage revision.
  • Government. of India has inserted section 115BAA in the Income Tax Act 1961 vide the Taxation Laws (Amendment) Ordinance 2019 dated 20th September, 2019, which provides a non-reversible option to domestic companies to pay corporate tax at reduced rate effective from 01st April, 2019 subject to certain conditions. Bank continues to recognise the taxes on income for the quarter and half year ended September 30, 2019 as per earlier provisions of the Income Tax Act.
  • As stated in note no 5, Dena bank and Vijaya Bank have amalgamated with effect from April 1, 2019. On amalgamation the bank has carried forward tax losses of the amalgamating banks. The bank is in the process of obtaining a legal opinion with respect to possibilities of claiming such losses. Pending such evaluation the Provision for tax has been calculated without considering such losses and based on the general principles applicable to the bank as stated in note 15 above. The bank has not calculated the deferred tax on such losses in absence of virtual certainty.
  • Non-Performing Assets Provisioning Coverage Ratio (including floating provision) is 77.88% as on September 30, 2019 (Previous year’s corresponding quarter 70.75%).
  • 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 maintained a provision of Rs. 12000 lakh as on September 30, 2019.
  • Details of Investor's complaints for the quarter ended September 30, 2019: Pending at Beginning: NIL; Received: 239; Disposed of: 239; Closing: NIL.
  • Notes on Segment Reporting
    • a. 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).
    • b. Segment revenue represents revenue from external customers.
    • c. Capital employed for each segment has been allocated proportionate to the assets of the respective segment.
  • The figures for the quarter ended September 30, 2019 are the balancing figures between reviewed figures in respect of the half year ended September 30, 2019 and the published year-to-date figure up to June 30, 2019.
  • The figures of the previous period have been regrouped / rearranged, wherever necessary, to confirm to the current period classification.
Vikramaditya Singh Khichi Shanti Lal Jain Murali Ramaswami Srinivasan Sridhar Dr. Hasmukh Adhia
Executive Director Executive Director Executive Director Director Chairman

Place: Mumbai
Date: 08.11.2019

Sr.
No.
  Particulars Quarter Ended Year Ended
30.06.2019 31.03.2019 * 30.06.2018 * 31.03.2019 *
      Reviewed Audited Reviewed Audited
1   Interest earned (a)+(b)+(c)+(d) 1894533 1311068 1163988 4977061
  (a) Interest /discount on advances / bills 1335014 918441 798611 3438897
  (b) Income on investments 464594 325324 299786 1278672
  (c) Interest on balances with Reserve Bank of India and other inter
bank funds
  50175   43463   44173   173520
  (d) Others 44750 23840 21418 85972
2   Other Income 191557 217391 114783 629449
3   Total Income (1 + 2) 2086090 1528459 1278771 5606510
4   Interest Expended 1244721 824722 725880 3129030
5   Operating Expenses (a)+ (b)+ (C) 413746 317658 252332 1128798
  (a) Employees cost 193942 141300 110090 503913
  (b) Rent Taxes & Lighting 33455 28273 22769 103867
  (c) Other operating expenses 186349 148085 119473 521018
6   Total Expenditure (4+5) excluding provisions and contingencies   1658467   1142380   978212   4257828
7   Operating Profit (3-6) before Provisions and Contingencies   427623   386079   300559   1348682
8   Provisions (other than tax) and Contingencies 328488 539929 216564 1278867
  of which provisions for NPA & Diminution value of all
restructured a/cs
  316836   555010   175972   1219240
9   Exceptional Items - - - -
10   Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9)   99135   (153850)   83995   69815
11   Provision for Taxes 28148 (54713) 31169 26463
12   Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-
11)
  70987   (99137)   52826   43352
13   Extraordinary items (net of tax expenses) - - - -
14   Net Profit (+) / Loss (-) for the period (12-13)   70987   (99137)   52826   43352
15   Paid-up equity share capital (Face Value of ₹2 each)   77061   53036   53036   53036
16   Reserve excluding Revaluation Reserve       4089663
17   Analytical Ratios        
  i) Percentage of shares held by Government of India 69.23 63.74 63.71 63.74
  ii) Capital Adequacy Ratio(%) -Basel-III 11.50 13.42 12.13 13.42
  a CET 1 Ratio (%) 8.50 10.38 9.27 10.38
  b Additional Tier 1 Ratio (%) 1.06 1.17 1.23 1.17
  iii) Earnings Per Share        
    Basic EPS before and after Extraordinary items net of tax expenses (not annualized) [ in ₹.] 2.04 (3.75) 2.00 1.64
    Diluted EPS before and after Extraordinary items net of tax expenses (not annualized) [ in ₹.] 2.04 (3.22) 2.00 1.41
  iv) NPA Ratios        
  (a) Gross NPA 6971395 4823277 5587481 4823277
    Net NPA 2503029 1560950 2238410 1560950
  (b) % of Gross NPA 10.28 9.61 12.46 9.61
    % of Net NPA 3.95 3.33 5.40 3.33
  v) Return on Assets (annualized) % 0.49 (0.52) 0.29 0.06

* figures are related to standalone Bank of Baroda financials for pre- amalgamattion period, hence not comparable with post amalgamation financials for the quarter ended 30th June , 2019 (Refer to Note no. 6a)

Part A-Business Segments

( Rs in lakhs)

Sr.No. Particulars Quarter Ended Year Ended
30.06.2019 31.03.2019 * 30.06.2018 * 31.03.2019 *
Reviewed Audited Reviewed Audited
1 Segment Revenue
(a) Treasury Operations 618425 457118 390773 1700192
(b) Wholesale Banking 845549 563758 467736 2069778
(c) Retail Banking 621916 487233 420262 1816190
(d)Other Banking Operations 200 20350 - 20350
Total Revenue 2086090 1528459 1278771 5606510
2 Segment Results
(a) Treasury Operations 129822 117293 1316 249135
(b) Wholesale Banking 2366 (403496) 73523 (557669)
(c) Retail Banking 106665 187670 97821 683628
(d)Other Banking Operations 200 14636 - 14636
Total 239053 (83897) 172660 389730
Unallocated Expenditure 139918 69953 88665 319915
Profit before Tax 99135 (153850) 83995 69815
Provision for Tax 28148 (54713) 31169 26463
Net Profit 70987 (99137) 52826 43352
3 Segment Assets
(a) Treasury Operations 30954323 22389446 27409975 22389446
(b) Wholesale Banking 45452425 35496645 29852237 35496645
(c) Retail Banking 27741787 18998409 13123983 18998409
(d)Other Banking Operations - - - -
(e) Unallocated 2042255 1214240 1054049 1214240
Total Assets 106190790 78098740 71440244 78098740
4 Segment Liabilities
(a) Treasury Operations 29114910 20927856 25715421 20927856
(b) Wholesale Banking 42751485 33179413 28006696 33179413
(c) Retail Banking 26093274 17758187 12312625 17758187
(d)Other Banking Operations - - - -
(e) Unallocated 1920897 1134974 988886 1134974
Total Liabilities 99880566 73000430 67023628 73000430
5 Capital Employed
(a) Treasury Operations 1839413 1461590 1694554 1461590
(b) Wholesale Banking 2700940 2317232 1845541 2317232
(c) Retail Banking 1648513 1240222 811358 1240222
(d)Other Banking Operations - - - -
(e) Unallocated 121358 79266 65163 79266
Total Capital Employed 6310224 5098310 4416616 5098310

Part- B : Geographic Segments

Sr.
No.
Particulars Quarter Ended Year Ended
30.06.2019 31.03.2019 * 30.06.2018 * 31.03.2019 *
Reviewed Audited Reviewed Audited
1 Revenue        
  (a) Domestic 1916671 1364802 1135419 4980380
  (b) International 169419 163658 143352 626130
  Total 2086090 1528460 1278771 5606510
2 Assets        
  (a) Domestic 94915365 66968171 56066085 66968171
  (b) International 11275425 11130569 15374159 11130569
  Total 106190790 78098740 71440244 78098740

* figures are related to standalone Bank of Baroda financials for pre- amalgamattion period, hence not comparable with post amalgamation financials for the quarter ended 30th June , 2019 (Refer to Note no.6a)

Statement of Assets & Liabilities is as under

  Standalone Consolidated
As on 30th June 2019 As on
30th June 2018 *
As on 30th June 2019 As on
30th June 2018 *
  Reviewed Reviewed Reviewed Un-audited
CAPITAL & LIABILITIES        
Capital 77061 53036 77061 53036
Reserves and Surplus 6233163 4363580 6637536 4692003
Minority Interest NA NA 33736 27696
Deposits 89554197 58148391 92291952 59782523
Borrowings 7057066 6401507 7251063 6660661
Other Liabilities and Provisions 3269303 2473730 3837901 3085403
T O T A L 106190790 71440244 110129249 74301322
ASSETS        
Cash and Balances with Reserve
Bank of India
3761743 2284817 3906482 2410287
Balances with Banks and Money at Call and Short Notice 7528206 6738047 8316015 7085436
Investments 25505423 17464283 26873667 18696952
Advances 63318086 41451733 64840376 42529881
Fixed Assets 988575 528797 1003448 544865
Other Assets 5088757 2972567 5166870 3033901
Goodwill on Consolidation NA NA 22391 -
T O T A L 106190790 71440244 110129249 74301322

* figures are related to standalone & consolidated Bank of Baroda financials for pre- amalgamattion period, hence not comparable with post amalgamation financials for the quarter ended 30th June , 2019 (Refer to Note no.6a)

( Rs in lakhs)

Sr. No. Particulars Quarter Ended Year Ended
30.06.2019 31.03.2019 * 30.06.2018 * 31.03.2019 *
Reviewed Audited Un-audited Audited
1 Interest earned (a)+(b)+(c)+(d) 1972331 1419142 1226952 5290625
(a) Interest /discount on advances / bills 1369111 953183 825410 3562320
(b) Income on investments 499465 368159 329669 1417523
(c) Interest on balances with Reserve Bank of India and other inter
bank funds
58351 51881 50120 201322
(d) Others 45404 45919 21753 109460
2 Other Income 233364 257835 145998 788705
3 Total Income (1 + 2) 2205695 1676977 1372950 6079330
4 Interest Expended 1279578 859815 752703 3250572
5 Operating Expenses (a)+ (b)+ (C) 486788 368724 282895 1276897
(a) Employees cost 205570 153553 117978 543412
(b) Rent Taxes & Lighting 35402 30107 24067 109864
(c) Other operating expenses 245816 185064 140850 623621
6 Total Expenditure (4+5) excluding provisions and contingencies 1766366 1228539 1035598 4527469
7 Operating Profit (3-6) before Provisions and Contingencies 439329 448438 337352 1551861
8 Provisions (other than tax) and Contingencies 321617 582373 236770 1399403
of which provisions for NPA & Diminution value of all
restructured a/cs
317832 561937 178283 1232298
9 Exceptional Items - - - -
10 Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9) 117712 (133935) 100582 152458
11 Provision for Taxes 35099 (52186) 36011 43751
12 Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-
11)
82613 (81749) 64571 108707
Less: Minority Interest 1223 1550 1048 6616
Add: Share of earnings in Associates 2006 1240 2095 7919
13 Extraordinary items (net of tax expenses) - - - -
14 Net Profit (+) / Loss (-) for the period (12-13) 83396 (82059) 65618 110010
15 Paid-up equity share capital (Face Value of ₹2 each) 77061 53036 53036 53036
16 Reserve excluding Revaluation Reserve 4648199
17 Analytical Ratios
i) Percentage of shares held by Government of India 69.23 63.74 63.71 63.74
ii) Capital Adequacy Ratio(%) -Basel-III 12.12 14.52 12.84 14.52
a CET 1 Ratio (%) 9.19 11.60 10.09 11.60
b Additional Tier 1 Ratio (%) 1.03 1.12 1.20 1.12
iii) Earnings Per Share
Basic EPS before and after Extraordinary items net of tax expenses (not annualized) [ in ₹.] 2.39 (3.10) 2.48 4.16
Diluted EPS before and after Extraordinary items net of tax expenses (not annualized) [ in ₹.] 2.39 (3.10) 2.48 3.58
iv) NPA Ratios
(a) Gross NPA Not Applicable Not Applicable Not Applicable Not Applicable
Net NPA
(b) % of Gross NPA
% of Net NPA
v) Return on Assets (annualized) %

* figures are related to consolidated Bank of Baroda financials for pre- amalgamattion period, hence not comparable with post amalgamation financials for the quarter ended 30th June , 2019 (Refer to Note no.6a)

Part A-Business Segments

( Rs in lakhs)

Sr. No. Particulars Quarter Ended Year Ended
30.06.2019 31.03.2019 * 30.06.2018 * 31.03.2019 *
Reviewed Audited Un-audited Audited
1 Segment Revenue
(a) Treasury Operations 648765 487820 414077 1806804
(b) Wholesale Banking 865513 582569 482278 2134735
(c) Retail Banking 641305 508419 436287 1890197
(d)Other Banking Operations 50112 98169 40308 247594
Total Revenue 2205695 1676977 1372950 6079330
2 Segment Results
(a) Treasury Operations 138867 116768 11577 284188
(b) Wholesale Banking 10999 (396110) 81301 (531360)
(c) Retail Banking 110600 192203 102353 698090
(d)Other Banking Operations (865) 24457 (3842) 28459
Total 259601 (62682) 191389 479377
Unallocated Expenditure 141106 71563 89760 325616
Profit before Tax 118495 (134245) 101629 153761
Provision for Tax 35099 (52186) 36011 43751
Net Profit 83396 (82059) 65618 110010
3 Segment Assets
(a) Treasury Operations 32996128 24321670 28518860 24321670
(b) Wholesale Banking 46317052 36366275 30405871 36366275
(c) Retail Banking 28334659 19636587 13604771 19636587
(d)Other Banking Operations 435827 425151 718621 425151
(e) Unallocated 2045583 1217511 1054049 1217511
Total Assets 110129249 81967194 74302172 81967194
4 Segment Liabilities
(a) Treasury Operations 30984349 22689801 26697606 22689801
(b) Wholesale Banking 43493094 33926270 28464110 33926270
(c) Retail Banking 26607091 18319064 12735951 18319064
(d)Other Banking Operations 409254 396625 672729 396625
(e) Unallocated 1920864 1135822 986736 1135822
Total Liabilities 103414652 76467582 69557132 76467582
5 Capital Employed
(a) Treasury Operations 2011779 1631869 1821254 1631869
(b) Wholesale Banking 2823958 2440005 1941761 2440005
(c) Retail Banking 1727568 1317523 868819 1317523
(d)Other Banking Operations 26573 28526 45893 28526
(e) Unallocated 124719 81689 67313 81689
Total Capital Employed 6714597 5499612 4745040 5499612

Part- B : Geographic Segments

Sr. No. Particulars Quarter Ended Year Ended
30.06.2019 31.03.2019 * 30.06.2018 * 31.03.2019 *
Reviewed Audited Reviewed Audited
1 Revenue        
  (a) Domestic 1992353 1469029 1196764 5300341
  (b) International 213342 207948 176186 778989
  Total 2205695 1676977 1372950 6079330
2 Assets        
  (a) Domestic 96522720 68530203 57684031 68530203
  (b) International 13606529 13436991 16618141 13436991
  Total 110129249 81967194 74302172 81967194

Notes forming part of the reviewed consolidated financial results for the quarter ended June 30, 2019

    • The above consolidated financial results of Bank of Baroda including Subsidiaries, Joint Ventures and Associates (hereinafter referred as “group”) have been reviewed by the Audit Committee of the Board and approved by the Board of Directors in their respective meetings held on July 25, 2019. The same have been subjected to review by the Statutory Central Auditors of the Bank.
    • The above results for the quarter ended June 30, 2019 have been prepared, following the same accounting policies as those followed in the annual financial statements for the year ended March 31, 2019.
    • The above consolidate financial results are prepared in accordance with 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” in CFS.
    • In accordance to SEBI regulations, for the purpose of quarterly consolidated financial results, minimum eighty percent of each of consolidated revenue, assets and profits have been included subject to audit or limited review.
    • The Consolidated Financial Results of the group comprises the financial results of 7 Domestic Subsidiaries, 10 Overseas Subsidiaries, 4 Associates and 3 Joint Ventures as under :-
Domestic Subsidiaries Overseas Subsidiaries
a) Banking
i) The Nainital Bank Ltd.
a) Banking:-
i) Bank of Baroda (Botswana) Ltd.
ii) Bank of Baroda (Kenya) Ltd.
iii) Bank of Baroda (Uganda) Ltd.
iii) a) Baroda Capital Markets (Uganda) Limited. (Subsidiary of Bank of Baroda Uganda Ltd.- Non Banking)
iv) Bank of Baroda (Guyana) Inc.
v) Bank of Baroda (Tanzania) Ltd.
vi) Bank of Baroda (Trinidad & Tobago) Ltd.
vii) Bank of Baroda (Ghana) Ltd.
viii) Bank of Baroda (New Zealand) Ltd.
ix) Bank of Baroda (UK) Ltd.
b) Non-Banking:-
i) BOB Capital Markets Ltd.
ii) BOB Financial Solutions Ltd.
iii) Baroda Global Shared Services Ltd.
iv) Baroda Sun Technologies Ltd.
v) Baroda Asset Management India Ltd.
vi) Baroda Trustee India Pvt Ltd.
b) Non-Banking
i) BOB (UK) Ltd.
Domestic Joint Ventures
i) India First Life Insurance Co Ltd
ii) India Infradebt Ltd
Overseas Associates
i) Indo Zambia Bank Ltd
  Overseas Joint Ventures
i) India International Bank (Malaysia) Bhd.

The limited reviewed financials of 1 domestic subsidiary viz. Nainital Bank and 2 overseas subsidiary viz. Bank of Baroda (Uganda) Ltd., Bank of Baroda (Kenya) Ltd. and 1 Domestic Joint Venture viz. India First Life Insurance Co Ltd. are included in the consolidated financial results.

  • a) The Government of India through a gazette notification F.No.1/1/2017-BOA dated January 2, 2019 approved the scheme of amalgamation between Bank of Baroda, Dena Bank and Vijaya Bank. The amalgamation has come into effect from April 1, 2019. The results for quarter ending June 30, 2019 includes operations of erstwhile Vijaya Bank and erstwhile Dena Bank. Hence the results for current quarter are not comparable with immediately preceding quarter and corresponding previous year.
    b) The Bank has adopted Pooling of Interest method prescribed under the Accounting Standard 14 on Accounting for Amalgamations to record amalgamation of Vijaya Bank and Dena Bank (the amalgamating banks) with the Bank with effect from April 01, 2019. Accordingly, the difference of Rs. 340693 lakhs between the net assets of amalgamating banks and the amount of shares issued to the shareholders of the amalgamating banks has been recognised as Amalgamation Reserve. The bank has considered this amount under CET I for the purpose of calculation of CRAR.
  • In pursuant of amalgamation of Dena Bank and Vijaya Bank with Bank of Baroda, an associate (Regional Rural Bank) of Dena Bank viz. Dena Gujarat Gramin Bank has been amalgamated with Baroda Gujarat Gramin Bank w.e.f. April 01, 2019.
  • The figures for quarter ended March 31, 2019 are the balancing figures between audited figures in respect of the financial year 2018 -19 and the figures up to December 31, 2018.
  • As per RBI Circular No. DBR.No.BO.15199/21.04.048/2016-17 dated June 23, 2017, for the accounts covered under the provisions of Insolvency and Bankruptcy Code (IBC), the group is holding total provision of Rs. 1165423 lakhs which includes provision of Rs. 11583 lakhs in respect of 32 borrower accounts under the provisions of Insolvency and Bankruptcy Code (IBC) and RBI Directions as at June 30, 2019.
  • RBI vide circular no.DBR.No.BP.BC.108/21.04.048/2017-18 dated June 6, 2018, permitted banks to continue the exposure to MSME borrowers to be classified as Standard Assets. Accordingly, group has retained MSME loans amounting Rs 60154 lakhs as Standard Assets as on June 30, 2019 and not recognised interest income of Rs 673 lakhs for the current quarter and maintained standard assets provision of Rs 3008 lakhs for these accounts as at June 30, 2019.
  • As per RBI Circular No. DBR.No.BP.BC.18/21.04.048/2018-19 dated January 1, 2019 on ‘Restructuring of Advances - Micro, Small and Medium Enterprises (MSME) Sector’ (One Time
  • Pursuant to the proposed bipartite agreement on wage revision (due with effect from November 01, 2017), the group holds provision of sum of Rs 133442 lakhs as of June 30, 2019. During the quarter, group has made provision of Rs. 20016 lakhs on wage revision.
  • The group 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 maintained a provision of Rs. 13211 lakhs as on June 30, 2019.
  • The consolidated financial figures for the quarter ended June 30, 2018 and March 31, 2019 have been certified by the management but unaudited/unreviewed by the auditors. In terms of SEBI (Listing Obligation and Disclosure Requirement) guidelines, the listing entities need to submit quarterly consolidated financial results in addition to standalone financial results from April 01, 2019 onwards.
  • The figures of the previous period have been regrouped / rearranged, wherever necessary, to conform to the current period classification.
Vikramaditya Singh Khichi Shanti Lal Jain Papia Sengupta Gopal Krishan Agarwal P S Jayakumar
Executive Director Executive Director Executive Director Director Managing Director & CEO

Place: Mumbai
Date: 25.07.2019

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