Invitation of applications for empanelment of advocates/ firms on banks panel
Bank announces Financial Results for quarter ended, 30th September 2024.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Filter by Quarter
( ₹ in lakhs)
* Debt represents borrowings with residual maturity of more than one year. ** Total Debt represents total borrowings of the Bank.
Part A-Business Segments
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.
Apart from above, the Bank is holding additional provision of ₹ 59888 lakhs as of 31.03.2022 over and above the IRAC norms in certain stressed standard advances on prudent basis.
(In ₹ Lakhs)
As per RBI direction No. DOR.ACC.REC.No.45/21.04.018/2021-22 dated August 30, 2021 (updated as on 15th, November 2021), in case the additional provisioning for NPAs assessed by RBI exceeds 10% of the reported profit before provisions and contingencies and/or additional Gross NPAs identified by RBI exceeds 15% of published incremental Gross NPAs for the reference period then banks are required to disclose divergences from prudential norms on income recognition, asset classification and provisioning. Divergence from prudential norms assessed by the RBI for the year ended 31st March, 2021 are within threshold limits specified above hence the need for additional disclosure does not apply.
*As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016
**Exposure increased due to implementation of resolution plan in one account in month of December 2021 as permitted by regulator.
In case of Pool Accounts, the information is as provided by the originator.
* The maturity period (in months) is conservatively disclosed as maximum period accepted by the Bank in individual underlying borrowers instead of weighted average period. Similarly, Minimum holding period is also disclosed conservatively as minimum holding period accepted by the Bank in individual underlying borrowers instead of weighted average period.
The Loans not in default are identified on the basis of DPD in each underlying account at the time of purchase.
The Board of Directors of the Bank in their meeting held on May 13, 2022, had approved the financial results of the Bank which were also communicated to the respective Stock Exchanges. Subsequently, the Board of Directors in their meeting held on May 31, 2022, have recommended a dividend of ₹2.85 per equity share (142.50%) as against ₹1.20 per equity share (60%) recommended earlier and the Financial Results have been amended accordingly. The financial results after giving effect of the enhancement in proposed dividend have been approved by the Board of Directors. The amendment in the financial results has remained limited to give effect to the above said decision of the Board of Directors. The recommended dividend is subject to requisite approval from shareholders.
Sanjiv Chadha
Managing Director & CEO
Ajay K Khurana Vikramaditya Singh Khichi Debadatta Chand Joydeep Dutta Roy
Executive Director Executive Director Executive Director Executive Director
Ian Desouza G Ramesh Subrat Kumar Swain
Chief Financial Officer General Manager Deputy General Manager
Corporate Accounts & Taxation Corporate Accounts & Taxation
Place: Mumbai
Date: May 31, 2022
* Debt represents borrowings with residual maturity of more than one year. ** Total Debt represents consolidated borrowings of the Group.
The Bank has increased its stake in India First Life Insurance Company Limited from 44% to 65% after receiving all statutory and regulatory approvals. Hence the same will be considered as subsidiary w.e.f 31.03.2022.
*Merged with BNP Paribas Asset Management India Pvt. Ltd’ (renamed as ‘Baroda BNP Paribas Asset Management India Private Limited’)
Apart from above, the Bank is holding additional provision of ₹ 59888 lakhs as of 31.03.2022 over and above the IRACP norms in certain stressed standard advances on prudent basis.
The Loans not in default are identified on the basis of DPD in each underlying account at the time of purchase
The Board of Directors of the Bank in their meeting held on May 13, 2022, had approved the financial results of the Bank which were also communicated to the respective Stock Exchanges. Subsequently, the Board of Directors in their meeting held on May 31, 2022, have recommended a dividend of ₹2.85 per equity share (142.50%) as against ₹1.20 per equity share (60%) recommended earlier and the Financial Results have been amended accordingly. The financial results after giving effect of the enhancement in proposed dividend have been approved by the Board of Directors. The amendment in the financial results has remained limited to give effect to the above said decision of the Board of Directors of the Bank. The recommended dividend is subject to requisite approval from shareholders