Bank of Baroda



Financials > Quarter ended - Sept, 2016
 

 
Branch Locator
Calculators
Application Forms
BOBCards
Important Links
Key Financial Ratios  |   Chairman's Speech  |   MD & CEO's Statement  |   Director's Report


Audited Financial Results for the Quarter/ Year ended 31st March, 2017

(Rs. in Lacs)

Sr. No.
 
Particulars
Quarter Ended
Year ended (Standalone)
Year Ended (Consolidated)
31.03.2017 31.12.2016 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
Audited Reviewed Audited Audited Audited Audited Audited
1
Interest earned (a)+(b)+(c)+(d) 1087516 1040608 1101438 4219993 4406127 4447344 4579900
(a) Interest /discount on advances/bills 678564 673647 688234 2752393 2979623 2848351 3070007
(b) Income on investments 284989 271859 268935 1059633 1067322 1170902 1133393
(c) Interest on balances with Reserve Bank of India and other inter bank funds 75359 52057 36531 199086 130592 217114 146988
(d) Others 48604 43045 107738 208881 228590 210977 229512
2
Other Income 197728 177496 177468 675806 499886 793678 599217
3
Total Income (1 + 2) 1285244 1218104 1278906 4895799 4906013 5241022 5179117
4
  Interest Expended 729330 727172 768397 2868652 3132143 2959573 3210744
5
  Operating Expenses (a)+ (b)+ (c) 253897 231411 253263 929640 892313 1034980 996242
(a) Employees cost 122224 113891 143417 463777 497802 488866 520105
  (b) Rent, Taxes & Lighting 25767 22373 24871 93998 86202 98913 90391
(c) Other operating expenses 105906 95147 84975 371865 308309 447201 385746
6
  Total Expenditure (4+5) excluding provisions and contingencies 983227 958583 1021660 3798292 4024456 3994553 4206986
7
  Operating Profit (3-6) before Provisions and Contingencies 302017 259521 257246 1097507 881557 1246469 972131
8
  Provisions (other than tax) and Contingencies 262297 207950 685766 850238 1551365 944035 1595397
    of which provisions for Non-peforming Asset 242507 163782 488013 767978 1376591 782403 1384755
9
  Exceptional Items 0 0 0 0 0 0 0
10
  Profit (+) / Loss (-) from Ordinary Activities before tax (7-8-9) 39720 51571 (428520) 247269 (669808) 302434 (623266)
11
  Provision for Taxes 24248 26304 (105506) 108956 (130253) 124693 (117958)
12
  Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 15472 25267 (323014) 138313 (539555) 177741 (505308)
    Less: Minority Interest NA NA NA NA NA 4000 3469
    Add: Share of earnings in Associates NA NA NA NA NA 7757 2009
13
  Extraordinary items (net of tax expenses) 0 0 0 0 0 0 0
14
  Net Profit (+) / Loss (-) for the period (12-13) 15472 25267 (323014) 138313 (539555) 181498 (506768)
15
  Paid-up equity share capital (Face Value of Rs. 2 each) 46209 46209 46209 46209 46209 46209 46209
16
  Reserve excluding Revaluation Reserve - - - 3626520 3561068 3899789 3790321
17
  Analytical Ratios              
i) Percentage of shares held by Government of India 59.24 59.24 59.24 59.24 59.24 59.24 59.24
ii) Capital Adequacy Ratio(%) -Basel-III 12.24 12.55 13.17 12.24 13.17 12.80 13.63
a CET 1 Ratio (%) 8.98 9.28 10.29 8.98 10.29 9.64 10.78
b Additional Tier 1 Ratio (%) 0.96 0.76 0.50 0.96 0.50 0.92 0.51
iii) Earnings Per Share               
  Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.]
0.67
1.10
(14.02)
6.00
(23.89)
7.88
(22.44)
iv) NPA Ratios
 
(a) Gross NPA
4271870
4264240
4052104
4271870
4052104
NA
NA
  Net NPA 
1808018
1900633
1940646
1808018
1940646
NA
NA
(b) % of Gross NPA
10.46
11.40
9.99
10.46
9.99
NA
NA
  % of Net NPA
4.72
5.43
5.06
4.72
5.06
NA
NA
v) Return on Assets (annualized) %
0.09
0.15
(1.90)
0.20
(0.78)
NA
NA

Notes forming part of the audited financial results for the Quarter/Year ended 31st March, 2017

1. The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 18th May, 2017 and approved by the Board of Directors in their meeting held on 18th May, 2017. The same have been subjected to Audit 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 / full year ended 31st March 2017 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 / full year ended 31st March 2017 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. In compliance with the RBI Circular DBR.No.BP.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 year ended 31st March, 2017 reversed an amount of Rs. 190.61 Crores being unrealized interest in such accounts.

5. 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.240.62 Crore being 20% of the existing outstanding of Rs.1203.13 Crore as on 31.03.2017 under food credit availed by State Government of Punjab.

6.  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.

7. Non Performing Loan Provisioning Coverage Ratio is 66.83 % as on 31st March 2017.

8. Details of Investor's complaints for the quarter ended 31.03.2017: Pending at Beginning: 0; Received: 152; Disposed off: 152; Closing:0

9. The Board of Directors has proposed a dividend of Rs.1.20 per share (face value Rs.2/-) i.e. 60% subject to approval of shareholders.

10. Based on RBI's clarification that the repatriation of accumulated profits shall not be considered as disposal or partial disposal of interest in non-integral foreign operations, the Bank has not recognized exchange gain of Rs. 193.36 crores as income arising on repatriation of funds from foreign offices during the year. In the previous year, the Bank had recognised an amount of Rs. 302.97 crores in the Profit and Loss Account being the proportionate exchange gain in FCTR on repatriation of profits from overseas operations. In the opinion of the Management, the circular is not retrospective in nature and has applied the same from the financial year 2016-17 onward and hence no adjustment has been made in respect of the previous year.

11. In terms of Income Computation and Disclosure Standards (ICDS) notified by CBDT which are effective from 01.04.2016 and the clarification issued by CBDT through FAQs, the FCTR balance as on 01.04.2016 pertaining to Exchange difference on monetary items of non integral operations is required to be recognised in the income computation of the previous year relevant to AY 2017-18 to the extent not recognised earlier. The balance in FCTR as on 01.04.2016 amounts to Rs.2238.55 Crs. Based on legal opinion, bank has not considered the opening balance of FCTR for computing taxable income and consequently tax amounting to Rs.774.71 Crs has not been provided for. Further this will not impact the profit for the year since deferred tax assets has not been recognised to that extent.

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

(Rs. In Lacs)
 
As on 31st March 2017
As on 31st March 2016
 
Audited
Audited
CAPITAL & LIABILITIES    
Capital  46209 46209
Reserves and Surplus 3984116 3973689
Deposits 60167517 57403787
Borrowings 3061144 3347170
Other Liabilities and Provisions 2228556 2366793
TOTAL 69487542 67137648
ASSETS
Cash and Balances with Reserve Bank of India 2278021 2167242
Balances with Banks and Money at Call and Short Notice 12768970 11222793
Investments 12963054 12045052
Advances 38325922 38377018
Fixed Assets 575837 625378
Other Assets 2575738 2700165
TOTAL 69487542 67137648

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

14. The figures for the quarter ended 31st March, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures up to the third quarter of the respective financial years.

Liquidity Coverage Ratio (LCR) for Quarter ended 31st March, 2017

Segment reporting for the Quarter /Year ended 31st March, 2017

Part A: Business Segments    
(Rs. in Lacs)
Sr. No.
Particulars
Quarter Ended
Year Ended (Standalone)
Year Ended (Consolidated)
31.03.2017 31.12.2016 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
Audited Reviewed Audited Audited Audited Audited Audited
1
Segment Revenue              
(a) Treasury Operations 472764 471694 409514 1757151 1553437 1834605 1617599
(b) Wholesale Banking 484868 433895 561479 1882497 2186743 1939958 2237782
(c) Retail Banking 308242 312288 234047 1196705 1091807 1266190 1154618
(d) Other Banking Operations 19370 227 73866 59446 74026 200270 169118
Total Revenue 1285244 1218104 1278906 4895799 4906013 5241023 5179117
2
Segment Results              
(a) Treasury Operations 121550 142759 68547 477184 255375 526097 270692
(b) Wholesale Banking (112794) (109411) (321768) (287970) (594386) (282312) (574845)
(c) Retail Banking 66253 84222 (174695) 244463 (147955) 255566 (133131)
(d) Other Banking Operations 13853 (35) 56813 43850 56938 52707 56236
Total 88862 117535 (371103) 477527 (430028) 552058 (381048)
Unallocated Expenditure   49141 65964 57418 230257 239780 245867 243678
Profit before Tax 39721 51571 (428521) 247270 (669808) 306191 (624726)
Provision for Tax 24248 26304 (105507) 108956 (130253) 124693 (117958)
Net Profit 15473 25267 (323014) 138314 (539555) 181498 (506768)
3
Segmemt Assets              
(a) Treasury Operations 28324071 30908223 26412307 28324071 26412307 29304722 27221852
(b) Wholesale Banking 29102091 26267797 29353737 29102091 29353737 29665570 29773500
(c) Retail Banking 10975447 10323086 10090113 10975447 10090113 11358532 10550511
(d) Other Banking Operations - - - - - 468942 288760
(e) Unallocated 1085933 1195715 1281490 1085933 1281490 1124285 1283285
Total Assets 69487542 68694821 67137647 69487542 67137647 71922051 69117908
4
Segmemt Liabilities              
(a) Treasury Operations 26681255 29060850 24830858 26681255 24830858 27549928 25547879
(b) Wholesale Banking 27414150 24697781 27596168 27414150 27596168 27889169 27942617
(c) Retail Banking 10338863 9706079 9485962 10338863 9485962 10678373 9901721
(d) Other Banking Operations - - - - - 440861 271003
(e) Unallocated 1022949 1124247 1204760 1022949 1204760 1056963 1204371
Total Liabilities 65457217 64588957 63117748 65457217 63117748 67615294 64867591
5
Capital Employed              
(a) Treasury Operations 1642816 1847373 1581449 1642816 1581449 1754793 1673973
(b) Wholesale Banking 1687941 1570017 1757569 1687941 1757569 1776401 1830883
(c) Retail Banking 636583 617007 604151 636583 604151 680159 648790
(d) Other Banking Operations - - - - - 28081 17757
(e) Unallocated 62985 71467 76730 62985 76730 67323 78914
Total Capital Employed 4030325 4105864 4019899 4030325 4019899 4306757 4250317

 

Part- B : Geographic Segments
      (Rs. In Lacs)
Sr. No.
Particulars
Quarter Ended
Year Ended (Standalone)
Year Ended (Consolidated)
31.03.2017 31.12.2016 31.03.2016 31.03.2017 31.03.2016 31.03.2017 31.03.2016
Audited Reviewed Audited Audited Audited Audited Audited
1
Revenue              
(a) Domestic  1153320 1090973 1150175 4378754 4397454 4597670 4564385
(b) International 131924 127131 128731 517045 508559 643353 614732
Total 1285244 1218104 1278906 4895799 4906013 5241023 5179117
2
Assets              
(a) Domestic  49240063 49815362 44388112 49240063 44388112 50546114 45367800
(b) International 20247479 18879459 22749536 20247479 22749536 21375937 23750108
Total 69487542 68694821 67137648 69487542 67137648 71922051 69117908

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 : 18.5.2017
   

© 2017 Bank of Baroda. All rights reserved. Disclaimer For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels
     
chic logo