Bank announces Financial Results for quarter ended, 30th June 2024.
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Un-Audited (Reviewed) Standalone Financial Results for the Quarter Ended 30th June, 2022
( ₹ in lakhs)
* Debt represents borrowings with residual maturity of more than one year. ** Total Debt represents total borrowings of the Bank.
Statement of Assets & Liabilities
Further, the Bank is taking proactive measures continuously to maintain and improve asset quality and therefore, believes that there may not be any significant impact on Bank’s future financial results.
(In ₹ Lakhs)
No of borrowers
Amount as on 30.06.2022
94564
694383
No of Borrowers
Funded O/s as on 30.06.2022
Provision Held
17663
169840
22028
No of Accounts
Aggregate exposure as on 30.06.2022
6227
59940
Amount of Loans impacted by RBI Circular
(A)
Amount of Loans to be classified as NPA
(B)
Amount of Loans as on 30.06.2022 out of (B) classified as NPA
(C)
Provision held as on 31.03.2022
(D)
Additional provision/ (reversal) made during quarter ended 30.06.2022
(E)
Provision held as on 30.06.2022
(F)
1017165
962742
194765
2590
197355
Particulars
30.06.2022
(i)
- Loans acquired through "assignment"
- Aggregate amount of loans acquired (₹ in lakhs)
70084
- Weighted average residual maturity (In months)
84.85
- Weighted average holding period by originator (In Months)
14.60
- Average Retention of beneficial economic interest by the transferor
7.93%
- Tangible security coverage of secured loans (times)
1.84
- Rating (CIC) wise distribution of rated loans (% of rated loans acquired)
- - 650 & above upto 750
38.74%
- - Above 750
61.26%
(ii)
Loans acquired through "novation"
NIL
(iii)
Loans acquired through "Loan participation"
# The Loans not in default are identified on the basis of DPD in each underlying account at the time of purchase
(₹ In Lakhs)
Details of stressed loans (NPA Accounts) transferred during the period 01.04.22-30.06.22
To ARCs
To permitted transferees
To other transferees
No: of NPA accounts
3
-
Aggregate principal outstanding of loans transferred
6500
Weighted average residual tenor of the loans transferred
Net book value of loans transferred (at the time of transfer)
482
Aggregate consideration
2837
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
2355
Recovery Rating Band
Book Value (₹ In Lakhs)
RR1
8505
RR2
21131
RR3
4502
RR4
3839
RR5
403
RR6
902
NR1
4
NR3
1764
NR4
969
NR5
201
NR6
35456
Rating withdrawn
34368
Grand Total
112045
Sanjiv Chadha Managing Director & CEO
Ajay K Khurana Executive Director
Vikramaditya Singh Khichi Executive Director
Debadatta Chand Executive Director
Joydeep Dutta Roy Executive Director
Ian Desouza Chief Financial Officer
G Ramesh General Manager - Corporate Accounts and Taxation
Subrat Kumar Swain Dy. General Manager - Corporate Accounts and Taxation
Place: Mumbai Date: 30 July, 2022
Un-audited (Reviewed) Consolidated Financial Results for the Quarter Ended 30th June 2022
* Debt represents borrowings with residual maturity of more than one year. ** Total Debt represents consolidated borrowings of the Group.
(₹ in crs)
Note: The Liquidity Coverage Ratio mentioned above is the daily average of 66 working days for the quarter April - June 2022
NOTES TO CONSOLIDATED FINANCIAL RESULTS:
A. Subsidiaries
Country of Incorporation
Type
Percentage of Holding
i
The Nainital Bank Limited
India
Banking
98.57%
ii
BOB Financial Solutions Limited
Non-Banking
100%
iii
BOB Capital Markets Limited
iv
Baroda Global Shared Services Limited
v
Baroda Sun Technologies Limited
vi
Baroda BNP Paribas Asset Management India Private Limited
50.10%
vii
Baroda BNP Paribas Trustee India Private Limited (formerly known as Baroda Trustee India Private Limited)
viii
IndiaFirst Life Insurance Company Limited
65.00%
ix
Bank of Baroda (Uganda) Limited (consolidated)
Uganda
80%
Baroda Capital Markets (Uganda) Limited (Subsidiary of Bank of Baroda (Uganda) Limited.)
x
Bank of Baroda (Kenya) Limited
Kenya
86.70%
xi
Bank of Baroda (Botswana) Limited
Botswana
xii
Bank of Baroda (New Zealand) Limited
New Zealand
xiii
Bank of Baroda (Guyana) Inc.
Guyana
xiv
Bank of Baroda (UK) Limited
United Kingdom
xv
Bank of Baroda (Tanzania) Limited
Tanzania
B. Joint Ventures
India Infradebt Limited
40.99%
Ii
India International Bank (Malaysia) Bhd
Malaysia
40%
C. Associates
Baroda U.P. Bank
RRB
35%
Baroda Rajasthan Kshetriya Gramin Bank
Baroda Gujarat Gramin Bank
Indo Zambia Bank Limited
Zambia
20%
94566
695820
17838
171887
22248
6408
62324
Ajay K KhuranaExecutive Director
Vikramaditya Singh KhichiExecutive Director
Subrat Kumar Swain Dy General Manager- Corporate Accounts and Taxation
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 FundingNFSR = 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 30th June 2022 based on audited financials.
At a consolidated level, the NSFR of the bank comes out to 127.11 % as on 30th June 2022 against the requirement of 100% as per RBI guidelines.
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