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Particular / Details about the Bank

Item No. Provision Details
4.b.i The particulars of organization functions and duties
Bank Of Baroda, is a Body Corporate (Nationalised Bank) constituted under The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, with its Head Office at Mandvi, Baroda and Corporate Office at Mumbai.

Organization Structure
4.b.ii The powers and duties of its officers and employees

All the officers from JMGS I to TEGS VI grade of the bank, working in branches have certain discretionary lending and administrative powers depending upon their positions. The Board decides the delegation of such powers of various grades of officials. These powers are revised periodically, depending upon the organization’s requirement and also Government / RBI guidelines . Bank being commercial organisation powers and duties vary according to the placement of officers/employees, grade/scale, post held , job assigned and need of organization; in order to achieve business goal and securing satisfactory quality customer service ,which are summarised in the links given below.  Whether to sanction a loan or not, is the absolute discretion of the concerned sanctioning authority of the bank and such discretion is exercised, after taking into consideration the relevant facts and circumstances of each case

Discretionary lending powers of top management
Discretionary lending powers of officers
Discretionary administrative powers of officers
Duties of clerical and subordinate staff

4.b.iii The procedure followed in the decision making process, including channels of supervision and accountability.
There is a well defined system in the Bank regarding decision making process. Lending and administrative decisions are taken at various levels from JMGS I to Top Executive grade Scale VII and also by Executive Director and Chairman & Managing Director depending upon their positions as per the discretionary lending powers delegated to them by the Board. Branches receive applications for credit facilities and recommend to the appropriate sanctioning authority. In the case of major retail loan products applications are processed at branches and Centralised Credit Processing Cells at select centers.
There is a well defined organizational structure and clear system of accountability based on RBI / CVC guidelines. All credit decisions approved by any sanctioning authority are reported to the next higher authority for control purpose. The system of exercising proper delegation of power and submission of control reports is in place and they are monitored by control officers and through internal inspection.
4.b.iv The norms set by the Bank for the discharge of its functions.
Corporate Centre decide the rates to be offered by the Bank for the deposits, for different tenures which are displayed in the Bank's website and also at the branches. Regarding the advance, again the corporate centre takes a decision on introduction of various loan products and details of which are available in the website as well as at the branches. Corporate Centre also decides about the rates of interest for various advances which again are available on our website and also at the offices / Branches of the Bank.
Whether to sanction a loan or not, is the absolute discretion of the concerned sanctioning authority of the Bank and such discretion is exercised, after taking into consideration the relevant facts and circumstances of each case.
4.b.v The rules, regulations, instructions, manuals and records, held by the Bank or under its control or used by its employees for discharging its functions.
There are quite a number of documents like manuals , book of instructions, codified circulars, scheme of delegation of powers, proceedings of the board etc. And also the periodical circulars, used by the employees for discharging various functions.(These are all meant for internal circulation and can not be shared with public)
However, certain information is available in the following link, Click Here A statement of the categories of documents that are held by the Bank or under its control.
The following documents are available at our Head Office at Investor's services Department, 4th Flr, Suraj Plaza - I, Sayajiganj, Vadodara - 390005, for the inspection by the shareholders during weekdays for two hours between 11.00 am to 1.00 pm as per provisions of the Bank of Baroda General (Shares and Meetings) Regulations, 1998 :
  1. Register of Shareholders
  2. Record of the proceedings of the General Meetings
Documents executed by customers / borrowers / guarantors, contracts with Third parties / etc.( These are all private information and of commercial value and can not be shared with public).
The particulars of any arrangement that exists for consultation with, or representation by, the members of the public in relation to the formulation of its policy or implementation thereof.
As per present arrangement the Shareholders can raise issues concerning policies and in the Annual General Meetings which can relate to the policy of the Bank.
Bank's quarterly results and annual results / reports are published in the Bank's website periodically for information of public as well as shareholders which would give an idea about the policies of the bank and implementation thereof.
A statement of the boards, councils, committees and other bodies consisting of two or more persons constituted as its part or for the purpose of its advice, and as to whether meetings of those boards, councils, committees and other bodies are open to the public, or the minutes of such meetings are accessible for public
The Bank has following Sub Committees of the Board
  1. Management Committee of the Board (MCB)
  2. Credit Approval Committee of the Board (CACB)
  3. Audit Committee of the Board (ACB)
  4. Stakeholders' Relationship Committee
  5. Sub Committee of the Board on ALM & Risk Management
  6. Customer Service Committee
  7. Remuneration Committee
  8. Nomination Committee
  9. Committee of Directors
  10. Committee on High Value Frauds
  11. IT Strategy Committee of the Board
  12. Steering Committee of the Board on HR
  13. Committee for monitoring of Recovery
The Public are not entitled to participate on the above Committee meetings and minutes are not accessible to public.
4.b.ix A directory of its officers and employees.

A directory of officers and employees with cadre, place of posting, gross monthly emoluments may be seen in following link. Efforts are made to keep the same updated from time to time.

Directory of officers and employees

The monthly remuneration received by each of its officers and employees, including the system of compensation as provided in its regulations

Scales of Pay of Officers :
Scale I = Rs.23700 - 980/7 - 30560 - 1145/2 – 32850 -1310/7 - 42020
Scale II = Rs.31705 – 1145/1 – 32850 – 1310/10 -45950
Scale III = Rs.42020 - 1310/5 - 48570 -1460/2 -51490
Scale IV = Rs.50030 - 1460/4 -55870 - 1650/2 -59170
Scale V = Rs.59170 - 1650/2 - 62470 - 1800/2 - 66070
Scale VI = Rs.68680 - 1960/4 -76520
Scale VII = Rs.76520 - 2120/4 - 85000

Clerical Staff :
Rs.11765 - 655/3 - 13730 - 815/3 - 16175 - 980/4 - 20095 - 1145/7 - 28110 - 2120/1 - 30230 - 1310/1 - 31540 [20 Years]

Subordinate Staff :
Rs.9560 - 325/4 - 10860 - 410/5 - 12910 - 490/4 - 14870 - 570/3 - 16580 - 655/3 - 18545 [20 Years]

Monthly emoluments of officers and employees
The budget allocated to each of its agency, indicating the particulars of all plans, proposed expenditures and reports on disbursements made.
There are no plans and budgets for expenditure of public money and disbursements and the provision is not applicable to BOB.
The manner of execution of subsidy programmes including the amounts allocated and the details of beneficiaries of such programmes.
There are no subsidy programmes or plans for lending activities of the Bank as a whole, except for targets for priority sector lending. There are different schemes for advances of the Bank and the terms and conditions are already available in the Bank's website.
Particulars of recipients of concession, permits or authorizations granted by it.
There are no programmes in the Bank for grant of concessions, permits, authorization etc. And there is no material in the Bank relevant to this provision.
Details in respect of the information available to or held by it, reduced in an electronic form.
All the general information regarding deposits, advances and other services offered by the Bank are already available in the banks website.
The particulars of facilities available to citizens for obtaining information including the working hours of a library or reading room, if maintained for public use.
The public can approach the Public Information Officer for information regarding banking products for details of which are not available in the website.
The names, designations and other particulars of the public Information officers
Regional Manager / Regional Heads shall be will be the Public Information Officer for their respective regions,who will arrange for necessary information, as permitted under law, to the public. The appellate authorities with nomenclature of Principal Public Information Officers would be Zonal Managers / Zonal Heads for the regions falling under their zone and also the General Manager (Operations & Services) at Head Office , Baroda.

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