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Financials > Quarter ended - Sept, 2016
 

 
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Un-audited Financial Results (Standalone) for the Quarter/ Half Year Ended 30th September, 2016

(Rs. in Lacs)

Sr. No.
 
Particulars
Quarter Ended
Half Year Ended
Year ended
30.09.2016 30.06.2016 30.09.2015 30.09.2016 30.09.2015 31.03.2016
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Interest earned (a)+(b)+(c)+(d) 1048517 1043352 1115636 2091869 2243285 4406127
(a) Interest /discount on advances/bills 683974 716208 771193 1400182 1574464 2979623
(b) Income on investments 253289 249496 273935 502785 529800 1067322
(c) Interest on balances with Reserve Bank of India and other inter bank funds 39178 32492 29121 71670 58726 130592
(d) Others 72076 45156 41387 117232 80295 228590
2
Other Income 156143 144439 114404 300582 211127 499886
3
Total Income (1 + 2) 1204660 1187791 1230040 2392451 2454412 4906013
4
  Interest Expended 705907 706243 791189 1412150 1572876 3132143
5
  Operating Expenses (a) + (b) + (c) 229733 214599 205149 444332 427639 892313
(a) Employees cost 116850 110812 104398 227662 238906 497802
  (b) Rent, Taxes & Lighting 25740 20118 22160 45858 40528 86202
(c) Other operating expenses 87143 83669 78591 170812 148205 308309
6
  Total Expenditure (4+5) excluding provisions and contingencies 935640 920842 996338 1856482 2000515 4024456
7
  Operating Profit (3-6) before Provisions and Contingencies 269020 266949 233702 535969 453897 881557
8
  Provisions (other than tax) and Contingencies 179584 200407 189170 379991 249144 1551365
    of which provisions for Non-peforming Asset 163045 198644 184380 361689 241162 1376591
9
  Exceptional Items 0 0 0 0 0 0
10
  Profit (+)/Loss (-) from Ordinary Activities before tax (7-8-9) 89436 66542 44532 155978 204753 (669808)
11
  Provision for Taxes 34224 24180 32084 58404 87090 (130253)
12
  Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) 55212 42362 12448 97574 117663 (539555)
13
  Extraordinary items (net of tax expenses) 0 0 0 0 0 0
14
  Net Profit (+) / Loss (-) for the period (12-13) 55212 42362 12448 97574 117663 (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 12.94 13.07 12.51 12.94 12.51 13.17
a CET 1 Ratio (%) 10.09 10.19 9.42 10.09 9.42 10.29
b Additional Tier 1 Ratio (%) 0.50 0.51 0.50 0.50 0.50 0.50
iii) Earnings Per Share             
  Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.]
2.39
1.84
0.56
4.23
5.32
(23.89)
iv) NPA Ratios
(a) Gross NPA
4294925
4299168
2371033
4294925
2371033
4052104
  Net NPA 
1934195
2078377
1279782
1934195
1279782
1940646
(b) % of Gross NPA
11.35
11.15
5.56
11.35
5.56
9.99
  % of Net NPA
5.46
5.73
3.08
5.46
3.08
5.06
v) Return on Assets (annualized) %
0.33
0.25
0.07
0.29
0.33
(0.78)

Notes forming part of the un-audited financial results for the Quarter / Half Year Ended 30th September, 2016

1.  The above financial results have been reviewed by the Audit Committee of Board in their meeting held on 11th November, 2016 and approved by the Board of Directors in their meeting held on 11th November, 2016. 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 September 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 ended 30th Sept 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. 829 Crs during the quarter, over and above the IRAC norms.

5.  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.

6.  The bank has approved SDR proposals of Rs. 2370 Crs during this quarter in terms of RBI guidelines issued in this regard and made provision of Rs. 118.50 Crs as on 30.09.2016.
Further in respect of provision for mark to market requirements on equity portion and 15% on residual loan portion, the bank has decided to provide such provision in equal installments over the four quarters from the date of conversion of Debt into Equity in terms of RBI circular dated 25.02.2016.

7.  Non Performing Loan Provisioning Coverage Ratio is 62.95 % as on 30th September 2016.

8.  A penalty of Rs. 22.29 lacs was imposed by overseas regulators (Kenya and Oman) for deviation in prudential / other guidelines during the quarter which has been fully provided / paid.

9.  Details of Investor's complaints for the quarter ended 30.09.2016: Pending at Beginning: 0; Received: 169; Disposed off:169; Closing:0

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

(Rs. In Lacs)
 
As on 30th Sept 2016
As on 30th Sept 2015
 
Reviewed
Reviewed
CAPITAL & LIABILITIES    
Capital  46209 46209
Reserves and Surplus 4033967 4284971
Deposits 56753124 61245779
Borrowings 3272225 3526651
Other Liabilities and Provisions 2094112 2049676
TOTAL 66199638 71153286
ASSETS
Cash and Balances with Reserve Bank of India 2073220 2396807
Balances with Banks and Money at Call and Short Notice 12001769 11081021
Investments 13605567 13738084
Advances 35414960 41489978
Fixed Assets 601971 300410
Other Assets 2502151 2146987
TOTAL 66199638 71153286

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

Liquidity Coverage Ratio (LCR) for Quarter ended 30th September, 2016

Segment reporting for the Quarter / Half year ended 30th September, 2016

Part A: Business Segments        
(Rs. in Lacs)
Sr. No.
Particulars
Quarter Ended
Half Year Ended
Year Ended
30.09.2016 30.06.2016 30.09.2015 30.09.2016 30.09.2015 31.03.2016
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Segment Revenue            
(a) Treasury Operations 416481 396212 388164 812693 749797 1553437
(b) Wholesale Banking 475974 487760 523422 963734 1086255 2186743
(c) Retail Banking 281927 294248 318403 576175 618233 1091807
(d) Other Banking Operations 30278 9571 51 39849 127 74026
Total Revenue 1204660 1187791 1230040 2392451 2454412 4906013
2
Segment Results            
(a) Treasury Operations 110583 102292 62881 212875 116785 255375
(b) Wholesale Banking (42788) (22977) (36150) (65765) 68364 (594386)
(c) Retail Banking 57746 36242 68265 93988 141215 (147955)
(d) Other Banking Operations 22711 7321 41 30032 100 56938
Total 148252 122878 95037 271130 326464 (430028)
Unallocated Expenditure   58816 56336 50505 115152 121711 239780
Profit before Tax 89436 66542 44532 155978 204753 (669808)
Provision for Tax 34224 24180 32084 58404 87090 (130253)
Net Profit 55212 42362 12448 97574 117663 (539555)
3
Segmemt Assets            
(a) Treasury Operations 28822704 27650758 27899457 28822704 27899457 26412307
(b) Wholesale Banking 26176036 28629382 32111537 26176036 32111537 29353737
(c) Retail Banking 10137647 8807699 10377606 10137647 10377606 10090113
(d) Other Banking Operations 0 0 0 0 0 0
(e) Unallocated 1063251 1082917 764686 1063251 764686 1281490
Total Assets 66199638 66170756 71153286 66199638 71153286 67137647
4 Segmemt Liabilities            
  (a) Treasury Operations 27046233 25956329 26201186 27046233 26201186 24830858
  (b) Wholesale Banking 24562691 26874983 30156872 24562691 30156872 27596168
  (c) Retail Banking 9512819 8267966 9745909 9512819 9745909 9485962
  (d) Other Banking Operations 0 0 0 0 0 0
  (e) Unallocated 997718 1016557 718139 997718 718139 1204760
  Total Liabilities 62119461 62115835 66822106 62119461 66822106 63117748
5 Capital Employed
  (a) Treasury Operations 1776471 1694429 1698271 1776471 1698271 1581449
  (b) Wholesale Banking 1613345 1754399 1954665 1613345 1954665 1757569
  (c) Retail Banking 624828 539733 631697 624828 631697 604151
  (d) Other Banking Operations 0 0 0 0 0 0
  (e) Unallocated 65533 66360 46547 65533 46547 76730
  Total Capital Employed 4080177 4054921 4331180 4080177 4331180 4019899

 

Part- B : Geographic Segments
          (Rs. In Lacs)
Sr. No.
Particulars
Quarter Ended
Half Year Ended
Year Ended
30.09.2016 30.06.2016 30.09.2015 30.09.2016 30.09.2015 31.03.2016
Reviewed Reviewed Reviewed Reviewed Reviewed Audited
1
Revenue            
(a) Domestic  1075134 1059327 1098668 2134461 2197963 4397454
(b) International 129526 128464 131372 257990 256449 508559
Total 1204660 1187791 1230040 2392451 2454412 4906013
2
Assets            
(a) Domestic  44955635 44554179 47282492 44955635 47282492 44388112
(b) International 21244003 21616577 23870794 21244003 23870794 22749536
Total 66199638 66170756 71153286 66199638 71153286 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.
Ashok Kumar Garg
Executive Director
Mayank K Mehta
Executive Director

B B Joshi
Executive Director

P S Jayakumar
Managing Director & CEO

Ravi Venkatesan
Chairman


       
Place : Mumbai
Date : 11.11.2016
       

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