Audited Financial Results for the Quarter / Year Ended 31st March, 2007

Rs. in Crores

Sr. No.   Particulars Quarter Ended 31.03.07 (Audited) Quarter Ended 31.03.06 (Audited) Year Ended 31.03.07 (Audited) Year Ended 31.03.06 (Audited) 1   Interest Earned (a+b+c+d) 2672.05 1955.05 9212.64 7049.93   a) Interest/discount on advances/bills 1790.48 1081.25 5937.36 3777.82   b) Income on Investments 720.50 747.01 2768.86 2906.35 c) Interest on balances with RBI and other inter-bank funds 133.79 120.33 466.46 330.93 d) Others 27.28 6.46 39.96 34.83 2 Other income 397.75 372.02 1173.24 1127.39   A TOTAL INCOME (1+2) 3069.80 2327.07 10385.88 8177.32 3 Interest expended 1567.41 1088.33 5426.56 3875.09 4 Operating Expenses (e+f) 758.40 666.66 2544.31 2384.75 e) Payments to and Provisions for employees 441.77 381.92 1644.06 1523.79 f) Other Operating expenses 316.63 284.74 900.25 860.96   B TOTAL EXPENDITURE (3+4) {Excluding Provisions & Contingencies) 2325.81 1754.99 7970.87 6259.84   C OPERATING PROFIT (A-B) (Profit before Provisions & Contingencies) 743.99 572.08 2415.01 1917.48 D Provisions & Contingencies 311.75 309.72 760.75 802.88 (of which provisions for Non Performing Assets) 32.80 173.46 219.09 360.23 E Provision for taxes 186.58 53.56 627.79 287.64   F NET PROFIT (C-D-E) 245.66 208.80 1026.47 826.96 5 Paid-up Equity Share Capital (Face Value of Rs.10/- each) 365.54 365.54 365.54 365.54 6 Reserves excluding revaluation reserves (as per Balance Sheet of previous year) 8070.55 7254.20 8070.55 7254.20 7 Analytical Ratios i Percentage of Shares held by Government of India 53.81 53.81 53.81 53.81 ii Capital Adequacy Ratio {%) 11.80 13.65 11.80 13.65 iii Earning Per Share Rs.(not annuallsed) 6.74 6.84 28.18 27.10   iv {a) Amount of gross non-performing assets 2092.14 2390.14 2092.14 2390.14 (b) Amount of net non-performing assets 501.67 518.04 501.67 518.04 (c) % of gross NPAs to gross Advances 2.47 3.90 2.47 3.90 (d) % of net NPAs to net Advances 0.60 0.87 0.60 0.87 v Return on Assets (annualised)% 0.77 0.80 0.80 0.79 8 Aggregate of Public Shareholding Number of shares 168266000 168265500 168266000 168265500 Percentage of shareholding 46.19 46.19 46.19 46.19 Notes forming part of the financial results for the Quarter Ended 31.03.2007. 1.  The above results have been taken on record by the Board at its meeting held on 28-04-2007. The same has been subjected to audit by Statutory Central Auditors, as per the Listing Agreements. 2.  There has been no change in the Accounting Policies adopted during the year ended 31.03.2007 as compared to those followed in the immediately preceding financial year 2005-06, except that dividend on shares of subsidiaries, Joint Ventures and Associates are recognised as Income as and when declared and dividend on other shares are accounted on actual realisation. 3.  Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjsutments, NOSTRO, Drafts / TTs payablle, Clearing Adjustments (including interse the Bank's Overseas Branches and those Position Maintaining Offices in India), Dividend / Interest / Refund Orders Paid / Payable etc. is in progress. 4.  The financial results for the Quarter/Year ended 31.03.07 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. Provision for taxes (including Deferred tax, Wealth Tax and Fringe Benefit tax) and contingencies including for retirement benefits viz., gratuity, pension, leave encashment, additional retirement benefit of employees etc., have been considered on actuarial basis. 5.  During the year ended Mar-2007, Tier II bonds amounting to Rs.490.90 crores have been redeemed and Tier II Bonds amounting to Rs.920.00 crores has been issued. 6.  During the year ended 31st Mar 2007, the bank has annulled the forfeiture of 500 equity shares. 7. BOB Housing Finance Ltd, a subsidiary of the bank, which has been merged with the bank w.e.f. 01.04.06 The figures of the year / quarter ended 31.03.07 are as such not comparable with the corresponding previous periods figures. 8. Status of Investor's complaints : Pending at the beginning of the quarter    Nil Received during the quarter        28 Disposed off during the quarter      28 Pending at the close of the quarter    Nil 9.  The figures of previous period have been regrouped / rearranged, wherever necessary, to correspond to current period classification. SEGMENT REPORTING FOR THE QUARTER / YEAR ENDED 31.03.2007 Part A - Business Segments Sr. No. Particulars Quarter Ended 31.03.07 (Audited) Quarter Ended 31.03.06 (Audited) Year Ended 31.03.07 (Audited) Year Ended 31.03.06 (Audited) 1 Segment Revenue (a) Treasury Operations 975.51 1061.94 3767.95 3919.70 (b)Other Banking Operations 1936.85 1296.51 6617.93 4371.99 Total 2912.36 2358.45 10385.88 8291.69 2 Segment Results (a) Treasury Operations 254.45 (15.04) 508.38 152.31 (b) Other Banking Operations 510.51 165.89 1772.85 1,111.35 Total 764.96 150.85 2281.23 1,263.66 Unallocated expenditure 332.72 (111.51) 626.97 149.06 Profit before Tax 432.24 262.36 1654.26 1114.60 Provision for Tax 186.58 53.56 627.79 287.64 Net Profit 245.66 208.80 1026.47 826.96 3 Other Information Segment Assets (a) Treasury Operations 44691.27 44592.62 44691.27 44592.62 (b) Other Banking Operations 96621.24 66917.79 96621.24 66917.79   Total 141312.51 111510.41 141312.51 111510.41 Unallocated Assets 1833.67 1882.12 1833.67 1882.12   Total 143146.18 113392.53 143146.18 113392.53 Segment Liabilities a) Treasury Operations 44986.26 44446.51 44986.26 44446.51 (b) Other Banking Operations 86080.34 55835.74 86080.34 55835.74 Total 131066.60 100282.25 131066.60 100282.25 Unallocated Liabilities 12079.58 13110.28 12079.58 13110.28 Total 143146.18 113392.53 143146.18 113392.53   Part-B : Geographic Segments Sr. No. Particulars Quarter Ended 31.03.07 (Audited) Quarter Ended 31.03.06 (Audited) Year Ended 31.03.07 (Audited) Year Ended 31.03.06 (Audited) 1 Revenue (a) Domestic 2472.17 2112.00 8868.92 7455.67 (b) international 440.19 246.45 1516.96 836.02 Total 2912.36 2358.45 10385.88 8291.69 2 Assets [a) Domestic 115078.56 95156.46 115078.56 95156.46 (B) International 28067.62 18236.07 28067.62 18236.07 Total 143146.18 113392.53 143146.18 113392.53 Notes on Segment Reporting: As per guidelines of RBI on compliance with Accounting Standards, Bank has adopted "Treasury Operations" and "Other Banking Opertions" 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. In determining the segment results, the funds transfer price mechanism followed by the the bank has been used. Segment revenue represents revenue from external customers. Place: Mumbai Date: 28.04.2007 V. Santhanaraman (Executive Director) Dr. Anil K. Khandelwal (Chairman & Managing Director)