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Un-audited Financial Results (Standalone) for the Quarter/ Nine Months Ended 31st December, 2016

(Rs. in Lacs)

Sr. No.
 
Particulars
Quarter Ended
Nine Months Ended
Year ended
31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.2015 31.03.2016
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Interest earned (a)+(b)+(c)+(d) 1040608 1048517 1061404 3132477 3304689 4406127
(a) Interest /discount on advances/bills 673647 683974 716925 2073829 2291389 2979623
(b) Income on investments 271859 253289 268587 774644 798387 1067322
(c) Interest on balances with Reserve Bank of India and other inter bank funds 52057 39178 35335 123727 94061 130592
(d) Others 43045 72076 40557 160277 120852 228590
2
Other Income 177496 156143 111291 478078 322418 499886
3
Total Income (1 + 2) 1218104 1204660 1172695 3610555 3627107 4906013
4
  Interest Expended 727172 705907 790870 2139322 2363746 3132143
5
  Operating Expenses (a) + (b) + (c) 231411 229733 211411 675743 639050 892313
(a) Employees cost 113891 116850 115479 341553 354385 497802
  (b) Rent, Taxes & Lighting 22373 25740 20803 68231 61331 86202
(c) Other operating expenses 95147 87143 75129 265959 223334 308309
6
  Total Expenditure (4+5) excluding provisions and contingencies 958583 935640 1002281 2815065 3002796 4024456
7
  Operating Profit (3-6) before Provisions and Contingencies 259521 269020 170414 795490 624311 881557
8
  Provisions (other than tax) and Contingencies 207950 179584 616455 587941 865599 1551365
    of which provisions for Non-peforming Asset 163782 163045 647414 525471 888576 1376591
9
  Exceptional Items 0 0 0 0 0 0
10
  Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 51571 89436 -446041 207549 (241288) (669808)
11
  Provision for Taxes 26304 34224 -111837 84708 (24747) (130253)
12
  Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 25267 55212 -334204 122841 (216541) (539555)
13
  Extraordinary items (net of tax expenses) 0 0 0 0 0 0
14
  Net Profit (+) / Loss (-) for the period (12-13) 25267 55212 -334204 122841 (216541) (539555)
15
  Paid-up equity share capital (Face Value of Rs. 2 each) 46209 46209 46209 46209 46209 46209
16
  Reserve excluding Revaluation Reserve - - - - - 3561068
17
  Analytical Ratios            
i) Percentage of shares held by Government of India 59.24 59.24 59.24 59.24 59.24 59.24
ii) Capital Adequacy Ratio(%) -Basel-III 12.55 12.94 12.18 12.55 12.18 13.17
a CET 1 Ratio (%) 9.28 10.09 9.04 9.28 9.04 10.29
b Additional Tier 1 Ratio (%) 0.76 0.50 0.53 0.76 0.53 0.50
iii) Earnings Per Share             
  Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.]
1.10
2.39
(14.50)
5.33
(9.40)
(23.89)
iv) NPA Ratios
(a) Gross NPA
4264240
4294925
3893411
4264240
3893411
4052104
  Net NPA 
1900633
1934195
2180616
1900633
2180616
1940646
(b) % of Gross NPA
11.40
11.35
9.68
11.40
9.68
9.99
  % of Net NPA
5.43
5.46
5.67
5.43
5.67
5.06
v) Return on Assets (annualized) %
0.15
0.33
(1.91)
0.24
(0.41)
(0.78)

Notes forming part of the un-audited financial results for the Quarter / Nine Months Ended 31st December, 2016

1.  The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 10th February, 2017 and approved by the Board of Directors in their meeting held on 10th February, 2017. The same have been subjected to Limited Review by the Statutory Central Auditors of the Bank, in line with the guidelines issued by Reserve Bank of India and as per the requirement of listing agreement with Stock Exchanges.

2.  The above results for the quarter / nine months ended 31st December 2016 have been prepared, following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2016.

3.  The financial results for the quarter / nine months ended 31st Dec 2016 have been arrived at after considering provision for Non-performing Assets, Standard Assets, Restructured Assets and depreciation / provision for Investments on the basis of prudential norms and specific guidelines issued by the RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advances as against the Regulatory requirement of 15%.

4.  On review of NPA advances portfolio, bank has made additional provision of Rs. 161.00 Crs during the quarter, over and above the IRAC norms.

5.  In compliance with the RBI Circular DBR.No.BP.BC.34/21.04.132/2016-17 dated 10th November, 2016, "Scheme for Stressed Assets- Revisions", in respect of Standard Facilities under Strategic Debt Restructuring (SDR) and Scheme for Sustainable Structuring of Stressed Assets (S4A), the Bank has, during the quarter ended 31st December, 2016, reversed an amount of Rs.256.13 Crores being unrealized interest in such accounts.

6.  In compliance of RBI letter no. DBR.NO.BP.13018/21.04.048/2015-16 dated 12.04.2016, Bank has made a provision of Rs.241.11 Crore being 20% of the existing outstanding envisaged to be converted to term loan of Rs.1205.56 Crore as on 31.12.2016 under food credit availed by State Government of Punjab.

7.  In terms of RBI Circular No. FMRD.DIRD.10/14.03.2002/2015-16 dated 19th May, 2016, repo and reverse repo transactions with RBI under LAF/MSF are classified as "Borrowings from RBI"/ "Balances with Banks and Money at Call & Short Notice" with effect from the current quarter, respectively as against the earlier practice of including/ Netting the same under "Investments". Previous period figures have been regrouped and reclassified to conform to current period's classification. The aforesaid change has no impact on the profit of the Bank for the quarter ended 31st December, 2016 or the previous periods.

8.  In terms of RBI Circular DBOD.BP.BC.2/21.06.201/2013-14 dated 01.07.2013, Banks are required to make Pillar 3 disclosure under Basel III Capital Regulations. These details are being made available on our website "www.bankofbaroda.com". These disclosures have not been subjected to Audit by the auditors.

9.  Non Performing Loan Provisioning Coverage Ratio is 64.50 % as on 31st December 2016.

10.  Details of Investor's complaints for the quarter ended 31.12.2016: Pending at Beginning: 0; Received: 110; Disposed off:110; Closing:0

Liquidity Coverage Ratio (LCR) for Quarter ended 31st December, 2016

11.  Statement of Assets & Liabilities is as under:-

(Rs. In Lacs)
 
As on 31st December 2016
As on 31st December 2015
 
Reviewed
Reviewed
CAPITAL & LIABILITIES    
Capital  46209 46209
Reserves and Surplus 4059655 3953257
Deposits 58985891 58968720
Borrowings 3182002 3306833
Other Liabilities and Provisions 2421064 2443548
TOTAL 68694821 68718567
ASSETS
Cash and Balances with Reserve Bank of India 2882355 2256393
Balances with Banks and Money at Call and Short Notice 9758396 10636560
Investments 17823060 14660169
Advances 34996011 38427209
Fixed Assets 600336 302360
Other Assets 2634663 2435876
TOTAL 68694821 68718567

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

Segment reporting for the Quarter / Nine Months Ended 31st December, 2016

Part A: Business Segments        
(Rs. in Lacs)
Sr. No.
Particulars
Quarter Ended
Nine Months Ended
Year Ended
31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.2015 31.03.2016
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Segment Revenue            
(a) Treasury Operations 471694 416481 394126 1284387 1143923 1553437
(b) Wholesale Banking 433895 475974 539009 1397629 1625264 2186743
(c) Retail Banking 312288 281927 239527 888463 857760 1091807
(d) Other Banking Operations 227 30278 33 40076 160 74026
Total Revenue 1218104 1204660 1172695 3610555 3627107 4906013
2
Segment Results            
(a) Treasury Operations 142759 110583 70043 355634 186828 255375
(b) Wholesale Banking (109411) (42788) (340982) (175176) (272618) (594386)
(c) Retail Banking 84222 57746 (114475) 178210 26740 (147955)
(d) Other Banking Operations (35) 22711 25 29997 125 56938
Total 117535 148252 (385389) 388665 (58925) (430028)
Unallocated Expenditure   65964 58816 60651 181116 182362 239780
Profit before Tax 51571 89436 (446040) 207549 (241287) (669808)
Provision for Tax 26304 34224 (111836) 84708 (24746) (130253)
Net Profit 25267 55212 (334204) 122841 (216541) (539555)
3
Segmemt Assets            
(a) Treasury Operations 30908223 28822704 28363368 30908223 28363368 26412307
(b) Wholesale Banking 26267797 26176036 29410853 26267797 29410853 29353737
(c) Retail Banking 10323086 10137647 10083327 10323086 10083327 10090113
(d) Other Banking Operations 0 0 0 0 0 0
(e) Unallocated 1195715 1063251 861019 1195715 861019 1281490
Total Assets 68694821 66199638 68718567 68694821 68718567 67137647
4 Segmemt Liabilities            
  (a) Treasury Operations 29060850 27046233 26712601 29060850 26712601 24830858
  (b) Wholesale Banking 24697781 24562691 27699122 24697781 27699122 27596168
  (c) Retail Banking 9706079 9512819 9496471 9706079 9496471 9485962
  (d) Other Banking Operations 0 0 0 0 0 0
  (e) Unallocated 1124247 997718 810907 1124247 810907 1204760
  Total Liabilities 64588957 62119461 64719101 64588957 64719101 63117748
5 Capital Employed
  (a) Treasury Operations 1847373 1776471 1650767 1847373 1650767 1581449
  (b) Wholesale Banking 1570017 1613345 1711731 1570017 1711731 1757569
  (c) Retail Banking 617007 624828 586856 617007 586856 604151
  (d) Other Banking Operations 0 0 0 0 0 0
  (e) Unallocated 71467 65533 50112 71467 50112 76730
  Total Capital Employed 4105864 4080177 3999466 4105864 3999466 4019899

 

Part- B : Geographic Segments
          (Rs. In Lacs)
Sr. No.
Particulars
Quarter Ended
Nine Months Ended
Year Ended
31.12.2016 30.09.2016 31.12.2015 31.12.2016 31.12.2015 31.03.2016
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Revenue            
(a) Domestic  1090973 1075134 1049316 3225434 3247279 4397454
(b) International 127131 129526 123379 385121 379828 508559
Total 1218104 1204660 1172695 3610555 3627107 4906013
2
Assets            
(a) Domestic  49815362 44955635 46025600 49815362 46025600 44388112
(b) International 18879459 21244003 22692967 18879459 22692967 22749536
Total 68694821 66199638 68718567 68694821 68718567 67137648

Notes on Segment Reporting :

  1. As per guidelines of the RBI on compliance with 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 AS-17 on Segment Reporting issued by ICAI.
  2. Segment revenue represents revenue from external customers.
  3. Capital employed for each segment has been allocated proportionate to the assets of the segment.
  4. The figures of previous period / year have been regrouped / rearranged wherever necessary so as to make them comparable with those of the current period.
Papia Sengupta
Executive Director
Ashok Kumar Garg
Executive Director

Mayank K Mehta
Executive Director

P S Jayakumar
Managing Director & CEO

Ravi Venkatesan
Chairman


       
Place : Mumbai
Date : 10.02.2017
       

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