Bank of Baroda - India's International Bank - Financials - Quarter/Year ended

1. The above financial results have been approved by the Board at its meeting held on 27/04/2009. The same has been subjected to audit by the Statutory Central Auditors, as per the Listing Agreements.

2. There has been no change in the Accounting Policies adopted during the quarter /year ended 31.03.2009 as compared to those followed in the preceeding financial year 2007-08.

3. Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable etc is in progress.

4. The financial results for the quarter / full year ended 31.03.09 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) have been made as per Income Tax and Provision for contingencies including for employee benefits considered based on acturial valuation.

5. A sum of Rs.180.20 crores has been charged to Profit and Loss A/c during the year on proportionate basis, of the Transitional liability of Rs.901 crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation. An amount of Rs.540.60 crores is to be charged proportionately by the end of March 2012.

6. The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 425 crores has been made on estimated basis, as employee cost, of which Rs.325 crores is made during the year (Rs.75 crs during the quarter Mar.09).

7. In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the Government of India, the Bank has received first installment of Rs.208.91 crores from Reserve Bank of India against Rs.506.04 crores being loans eligible under debt waiver scheme.

8. Exceptional items Rs.95.01 crores represents profit on winding up of bank's Subsidiary Bank of Baroda (Hongkong)Ltd (Rs69.07 crores) and Profit on sale of 51% holding in BOB AMC Ltd (Rs. 25.94 crores) during the year.

9. During the year 2008-09, the bank has issued Rs.1800.20 crores (Previous year Rs.2703.62 crores including US $ 300 mn- Rs.1203.62 crores by way of MTN Bonds). The bank also redeemed Rs.409.10 crores during the year.

10. During the year the Bank has invested Rs.113.26 crores in Baroda (Newzealand) Ltd., a subsidiary of the Bank.

11. Auditors qualifications for the year ended 31st March 2008 have been dealt with Note no.3 above.

12. The Board has recommended a dividend @ 90% on equity share capital (Rs.9/- per share) for the year '2008-09, subject to approval by members.

13. Status of Investor's complaints :

Pending at the beginning of the quarter Nil
Received during the quarter 55
Disposed off during the quarter 55
Pending at the close of the quarter Nil

14. The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

Sr. No.	Particulars	Quarter Ended 31.03.09	Year Ended 31.03.09	Year Ended 31.03.08
		Audited	Audited	Audited
1	Segment Revenue
	(a) Treasury Operations	118779	444229	357698
	(b) Wholesale Banking	134717	524737	415659
	(c) Retail Banking	162978	538310	396040
	(d) Other Banking Operations	82767	277648	217054
	Total Revenue	499241	1784924	1386451
2	Segment Results
	(a) Treasury Operations	38133	101957	78879
	(b) Wholesale Banking	35950	84522	17514
	(c) Retail Banking	9471	140650	93737
	(d) Other Banking Operations	65907	176939	150022
	Total	149461	504068	340152
	Unallocated expenditure	39987	169774	119437
	Profit before Tax	109474	334294	220715
	Provision for Tax	34205	111574	77163
	Net Profit	75269	222720	143552
3	Capital Employed
	(a) Treasury Operations	347080	347080	350171
	(b) Wholesale Banking	322525	322525	320138
	(c) Retail Banking	280224	280224	199489
	(d) Other Banking Operations	317306	317306	218743
	(e) Unallocated	16419	16419	15852
	Total Capital Employed	1283554	1283554	1104393

Part-B	: Geographic Segments
Sr. No.	Particulars	Quarter Ended 31.03.09	Year Ended 31.03.09	Year Ended 31.03.08
		Audited	Audited	Audited
1	Revenue
	(a) Domestic	434305	1546520	1189514
	(b) International	64936	238404	196937
	Total	499241	1784924	1386451
2	Assets
	(a) Domestic	17710626	17710626	14252003
	(b) International	5030047	5030047	3707949
	Total	22740673	22740673	17959952

Notes on Segment Reporting:

As per guidelines of RBI on compliance with Accounting Standards, 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.
In determining the segment results, the funds transfer price mechanism followed by the bank has been used.
Segment revenue represents revenue from external customers.
Capital employed for each segment has been allocated proportionate to the assets of the segment.

R K Bakshi Executive Director	V Santhanaraman Executive Director	M D Mallya Chairman & Managing Director
Place : Mumbai Date : 27.04.2009