Bank of Baroda



Financials > Quarter ended - September, 2015
 

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


Unaudited Financial Results for the Quarter/ Half Year ended 30th September, 2015

(Rs. in Lacs)

Sr. No.
 
Particulars
Quarter Ended
Half Year Ended
Year ended
30.09.2015 30.06.2015 30.09.2014 30.09.2015 30.09.2014 31.03.2015
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Interest earned (a)+(b)+(c)+(d) 11156,36 11276,49 10825,67 22432,85 21483,63 42963,55
(a) Interest /discount on advances/bills 7711,93 8032,71 7807,42 15744,64 15547,77 30802,68
(b) Income on investments 2739,35 2558,65 2232,03 5298,00 4492,56 9430,99
(c) Interest on balances with Reserve Bank of India and other inter bank funds 291,21 296,05 443,42 587,26 896,51 1549,79
(d) Others 413,87 389,08 342,80 802,95 546,79 1180,09
2
Other Income 1144,04 967,23 991,65 2111,27 2016,19 4402,00
3
Total Income (1 + 2) 12300,40 12243,72 11817,32 24544,12 23499,82 47365,55
4
  Interest Expended 7911,89 7816,87 7424,56 15728,76 14754,21 29776,32
5
  Operating Expenses (a) + (b) 2051,49 2224,90 1989,83 4276,39 3863,08 7674,13
(a) Employees cost 1043,98 1345,08 1107,83 2389,06 2213,33 4261,35
(b) Other operating expenses 1007,51 879,82 882,00 1887,33 1649,75 3412,78
6
  Total Expenditure (4+5) excluding provisions and contingencies 9963,38 10041,77 9414,39 20005,15 18617,29 37450,45
7
  Operating Profit before Provisions and Contingencies (3-6) 2337,02 2201,95 2402,93 4538,97 4882,53 9915,10
8
  Provisions (other than tax) and Contingencies 1891,70 599,74 888,04 2491,44 1414,75 4494,50
9
  Exceptional Items - - - - - -
10
  Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 445,32 1602,21 1514,89 2047,53 3467,78 5420,60
11
  Tax expenses 320,84 550,06 410,67 870,90 1001,68 2022,17
12
  Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 124,48 1052,15 1104,22 1176,63 2466,10 3398,43
13
  Extraordinary items (net of tax expenses) - - - - - -
14
  Net Profit (+) / Loss (-) for the period (12-13) 124,48 1052,15 1104,22 1176,63 2466,10 3398,43
15
  Paid-up equity share capital (Face Value of Rs. 2 each) 462,09 443,56 430,68 462,09 430,68 443,56
16
  Reserve excluding Revaluation Reserve - - - - - 38404,49
17
  Analytical Ratios            
i) Percentage of shares held by Government of India 59.24 57.53 56.26 59.24 56.26 57.53
ii) Capital Adequacy Ratio
a Capital Adequacy Ratio (%)- Basel-II 13.28 12.74 12.69 13.28 12.69 13.33
b Capital Adequacy Ratio (%)- Basel-III 12.51 11.98 12.19 12.51 12.19 12.60
iii) Earnings Per Share             
  Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.]
0.56
4.76
5.14
5.32
11.49
15.83
iv) NPA Ratios
(a) Gross NPA
23710,33
17273,95
13057,57
23710,33
13057,57
16261,45
  Net NPA 
12797,82
8470,02
6704,51
12797,82
6704,51
8069,49
(b) % of Gross NPA
5.56
4.13
3.32
5.56
3.32
3.72
  % of Net NPA
3.08
2.07
1.74
3.08
1.74
1.89
v) Return on Assets (annualized) %
0.07
0.60
0.68
0.33
0.75
0.49
18
  Public Shareholding
- No. of shares
93,92,19,020
93,92,19,020
93,92,19,020
93,92,19,020
93,92,19,020
93,92,19,020
- Percentage of shareholding
40.76
42.47
43.74
40.76
43.74
42.47
19
  Promoters and promoter group Shareholding
136,49,40,578
127,22,76,886
120,78,56,415
136,49,40,578
120,78,56,415
127,22,76,886
(a) Pledged/Encumbered 
- Number of shares
--
--
--
--
--
--
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)
--
--
--
--
--
--
- Percentage of share (as a % of the total share capital of the bank)
--
--
--
--
--
--
(b) Non-encumbered 
- Number of shares
136,49,40,578
127,22,76,886
120,78,56,415
136,49,40,578
120,78,56,415
127,22,76,886
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)
100.00
100.00
100.00
100.00
100.00
100.00
- Percentage of share (as a % of the total share capital of the bank)
59.24
57.53
56.26
59.24
56.26
57.53


Notes forming part of the Unaudited financial results for the Quarter/half year ended 30th September, 2015

1.  The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 5th November 2015 and approved by the Board of Directors in their meeting held on 6th November 2015. 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/ half year ended 30th Sept. 2015 have been prepared following the same accounting policy as those followed in the annual financial statements for the year ended 31st March, 2015.

3.  The financial results for the quarter/ half year ended 30th Sept. 2015 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 RBI. The Bank has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15%.

4.  A borrower account has been declared as fraud by the bank wherein the total exposure is Rs. 374.48 Crores as at the end of this quarter. Out of the aforesaid amount, a provision of 25% amounting to Rs. 93.59 Crores has been provided during the quarter. In terms of RBI circular no.BP.BC.83/21.04.048/2014-15 dated 01.04.2015, the balance provision shall be made by the Bank over a period not exceeding 3 quarters.

5.  During the quarter, the bank detected a fraud in Ashok Vihar branch, New Delhi and has reported the same to RBI and various investigating authorities . The Bank has estimated a loss of Rs. 11 crores on account of unreconciled entries pertaining to outward remittances by way of import advance payments, which is fully provided for.

6.  In terms of RBI circular no.DBR.No.BP.BC.27/21.04/048/2015-16 dated 02.07.2015, the method of calculating discount rate for computing net present value of future cash flows for determination of erosion in fair value of advances on restructuring was changed with effect from the quarter ended 30th June 2015. Accordingly, there is a reduction in provisioning for diminution in fair value by Rs.261 Crs as at 30.09.2015.

7.  As advised by RBI vide circular no.DBR.BP.BC.No.31/21.04.018/2015-16 dated 16.07.2015, Bank has included its deposits placed with NABARD/SIDBI and NHB on account of shortfall in lending to Priority Sector, under "Other Assets" which were earlier included under "Investments". Interest income on these deposits has been included under "Interest Earned- Others"

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 Limited Review by the auditors.

9.  Non Performing Loan Provisioning Coverage Ratio is 58.23 % as on 30th Sept., 2015.

10.  During the quarter, on 29th September 2015, Bank has allotted 9,26,63,692 shares of Rs. 2/- each fully paid up at a premium of Rs. 190.74 per share to the Government of India, as approved by shareholders in the Extra-ordinary General Meeting dated 28th Sept. 2015 in accordance with SEBI (ICDR) Regulations 2009 on preferential basis. Total amount received by Bank on this account is Rs. 1786 Crores

11.  Details of Investor's complaints for the quarter ended 30.09.2015: Pending at Beginning - Nil; Received -302; Disposed off - 302; Closing - Nil

  • Liquidity Coverage Ratio (LCR) for Quarter ended 30th September 2015
  • 12.  Statement of Assets & Liabilities is as under:-

    (Rs. In Lacs)
     
    As on 30th Sept 2015
    As on 30th Sept 2014
     
    Reviewed
    Reviewed
    CAPITAL & LIABILITIES    
    Capital  462,09 430,68
    Reserves and Surplus 42849,71 38204,23
    Deposits 612457,79 566925,87
    Borrowings 35266,51 35494,19
    Other Liabilities and Provisions 20496,76 18707,56
    TOTAL 711532,86 659762,53
    ASSETS
    Cash and Balances with Reserve Bank of India 23968,07 17445,99
    Balances with Banks and Money at Call and Short Notice 110810,21 112834,07
    Investments 137380,84 126114,41
    Advances 414899,78 385766,26
    Fixed Assets 3004,10 2795,30
    Other Assets 21469,86 14806,50
    TOTAL 711532,86 659762,53

    13.  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 / Half year ended 30th September, 2015

    Part A: Business Segments        
    (Rs. in Lacs)
    Sr. No.
    Particulars
    Quarter Ended
    Half Year Ended
    Year Ended
    30.09.2015 30.06.2015 30.09.2014 30.09.2015 30.09.2014 31.03.2015
    Reviewed Reviewed Reviewed Reviewed Reviewed Audited
    1
    Segment Revenue            
    (a) Treasury Operations 3881,64 3616,33 3402,67 7497,97 6737,52 13905,38
    (b) Wholesale Banking 5234,22 5628,33 5539,84 10862,55 10927,92 21465,60
    (c) Retail Banking 3184,03 2998,30 2873,14 6182,33 5832,05 11932,16
    (d) Other Banking Operations 51 76 1,67 1,27 2,33 62,41
    Total Revenue 12300,40 12243,72 11817,32 24544,12 23499,82 47365,55
    2
    Segment Results            
    (a) Treasury Operations 628,81 539,04 539,42 1167,85 1756,50 3332,69
    (b) Wholesale Banking (361,50) 1045,14 723,88 683,64 1022,52 936,42
    (c) Retail Banking 682,65 729,50 766,63 1412,15 1683,07 3005,45
    (d) Other Banking Operations 41 59 1,32 1,00 1,85 49,53
    Total 950,37 2314,27 2031,25 3264,64 4463,94 7324,09
    Unallocated Expenditure   505,05 712,06 516,36 1217,11 996,16 1903,49
    Profit before Tax 445,32 1602,21 1514,89 2047,53 3467,78 5420,60
    Provision for Tax 320,84 550,06 410,67 870,90 1001,68 2022,17
    Net Profit 124,48 1052,15 1104,22 1176,63 2466,10 3398,43
    3
    Capital Employed            
    (a) Treasury Operations 16982,71 15987,36 15188,94 16982,71 15188,94 15127,87
    (b) Wholesale Banking 19546,65 18866,36 17641,85 19546,65 17641,85 18740,38
    (c) Retail Banking 6316,97 5829,39 5379,79 6316,97 5379,79 5548,14
    (d) Other Banking Operations - - - - - -
    (e) Unallocated 465,47 460,96 424,33 465,47 424,33 418,96
    Total Capital Employed 43311,80 41144,07 38634,91 43311,80 38634,91 39835,35

     

    Part- B : Geographic Segments
              (Rs. In Lacs)
    Sr. No.
    Particulars
    Quarter Ended
    Half Year Ended
    Year Ended
    30.09.2015 30.06.2015 30.09.2014 30.09.2015 30.09.2014 31.03.2015
    Reviewed Reviewed Reviewed Reviewed Reviewed Audited
    1
    Revenue            
    (a) Domestic  10986,68 10992,95 10395,44 21979,63 20641,96 41854,04
    (b) International 1313,72 1250,77 1421,88 2564,49 2857,85 5511,51
    Total 12300,40 12243,72 11817,32 24544,12 23499,81 47365,55
    2
    Assets            
    (a) Domestic  472824,92 464221,79 431363,06 472824,92 431363,06 464871,39
    (b) International 238707,94 231476,66 228399,47 238707,94 228399,47 250117,16
    Total 711532,86 695698,45 659762,53 711532,86 659762,53 714988,55

    Notes on Segment Reporting :

    1. As per guidelines of 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.
    B. B. Joshi
    Executive Director
    P. S. Jayakumar
    Managing Director & CEO
    Ravi Venkatesan
    Chairman


       
    Place : Mumbai
    Date : 6.11.2015
       

    © 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