BANK OF BARODA Audited Financial Results for the Quarter/ Year ended 31st March 2011

(Rs. in Lacs) Quarter Ended Quarter Ended 31.03.2011 31.03.2010 Audited Audited 633416 435384 458723 324613 131840 92495 13361 29492 83449 716865 372028 150256 98971 51285 522284 194581 59041 135540 6105 129435 129435 39281 1935782 10543 7733 76689 512073 260889 96451 53179 43272 357340 154733 37733 8145 125145 34517 90628 90628 36553 1341961 Year Ended 31.03.2011 Audited 2188592 1620347 477478 47479 43288 280918 2469510 1308366 462983 291678 171305 1771349 698161 133129 565032 140864 424168 424168 39281 1935782 Year Ended 31.03.2010 Audited 1669834 1254122 365588 35505 14619 272491 1942325 1075886 381058 235088 145970 1456944 485381 69720 8145 423806 117973 305833 305833 36553 1341961

Sr. No. 1 (a) (b) (c) (d) 2 3 4 5 (a) (b) 6 7 8 9 10 11 12 13 14 15 16 17 i) ii)

Particulars Interest earned (a)+(b)+(c)+(d) Interest/disc.on advances/bills Income on investments Interest on balances with Reserve Bank of India and other inter bank funds Others Other Income Total Income (1 + 2) Interest Expended Operating Expenses (a) + (b) Employees cost Other operating expenses Total Expenditure (4+5) excluding provisions and contingencies Operating Profit before Provisions and Contigencies (3-6) Provisions (other than tax) and Contingencies Exceptional Items Profit (+)/Loss (-) from Ordinary Activities before tax (7-8+9) Tax expenses Net Profit (+) / Loss (-) from Ordinary Activities after tax (1011) Extraordinary items (net of tax expenses) Net Profit (+) / Loss (-) for the period (12-13) Paid-up equity share capital (Face Value of Rs.10 each) Reserve excluding Revaluation Reserve Analytical Ratios Percentage of shares held by Government of India Capital Adequacy Ratio (%) As per Basel-I As per Basel-II Earnings Per Share Basic and diluted EPS before and after Extraordinary items, net of tax expenses (not annualized) [ in Rs.] NPA Ratios Gross NPA Net NPA % of Gross NPA % of Net NPA Return on Assets (annualized) % Public Shareholding

57.03 13.02 14.52

53.81 12.84 14.36

57.03 13.02 14.52

53.81 12.84 14.36

iii)

35.51

24.88

116.37

83.96

iv) a) b) v) 18

315250 79088 1.36 0.35 1.51

240069 60232 1.36 0.34 1.37

315250 79088 1.36 0.35 1.33

240069 60232 1.36 0.34 1.21

19 (a) b) -

No. of shares Percentage of shareholding Promoters and promoter group Shareholding 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 company) Non-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 company)

168266500 42.97 223279579 ---223279579 100.00 57.03

168266500 46.19 196000000 ---196000000 100.00 53.81

168266500 42.97 223279579 ---223279579 100.00 57.03

168266500 46.19 196000000 ---196000000 100.00 53.81

Notes forming part of the Audited financial results for the Quarter/ Full Year ended 31st March, 2011

1. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 28.04.2011. 2. There has been no change in the Accounting Policies adopted during the quarter/ Full Year ended 31.03.2011 as compared to those followed in the preceeding financial year 2009-10. 3. As per Accounting Standard (AS) 15 (Revised) "Employee Benefits" issued by the Institute of Chartered Accountants of India and based on actuarial valuation, transitional liability as at 31st March, 2007 was calculated at Rs.901 crores out of which a proportionate sum of Rs.45.05 crores has been charged to the Profit and Loss Account during the quarter. The unrecognised amount of Rs.180.20 crores will be charged proportionately by the end of 31st March, 2012. 4. In accordance with RBI circular no.DBOD.BP.BC.80/21.04.018/2010-11 dated 09.02.2011 one-fifth of the additional pension fund liability of Rs.365.98 crores towards serving employees, who exercised second option and 100% of such liability of Rs.554.14 crores towards retired / separated employees aggregating to Rs.920.12 crores has been reckoned for this year. Unrecognised Pension Fund Liability is Rs.1463.92 crores. 5. The financial results for the full year ended 31st March, 2011 have been arrived at after considering provision for Non Performing Assets, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issued by RBI. The Bank has made an additional ad-hoc provision of Rs.320.08 crores upto December 31, 2010 in certain nonperforming domestic advance assets. Further, during the quarter Bank has made a floating provision of Rs.300 crores 6. During the year bank has allotted 2,72,79,579 equity shares of Rs.10/- each at a premium of Rs.892.14, to Govt. of India, as approved by the shareholders in an Extra-Ordinary General Meeting in accordance with regulation 76 (1) of SEBI (Issue of Capital & Disclosure Requirements) Regulations 2009, on preferential basis. The total amount received by the Bank on this account is Rs.2461 crores. Consequently the Government share holding has increased from 53.81% to 57.03%. 7. Non Performing Loan Provisioning Coverage Ratio (Without Tech-Write off) is 74.91% as on 31st March 2011. 8. The Bank has proposed dividend of Rs.753.35 crores (Rs.16.50 per share) which is subject to a notification to be issued to this effect by the Government Of India under Section 53 of Banking Regulation Act, 1949. 9. Status of Investor's complaints : I) II) Pending at the beginning of the quarter Received during the quarter Nil 141

III) IV)

Disposed off during the quarter Pending at the close of the quarter

141 Nil

10. Statements of Assets & Liabilities is as under:(Rs. In 000s) As on 31st Mar. 2010 Audited 365,52,77 14740,85,50 241261,92,52 13350,08,50 8598,30,99 278316,70,28 13539,96,91 21927,08,85 61182,37,54 175035,28,59 2284,76,48 4347,21,91 278316,70,28

As on 31st March 2011 Audited CAPITAL & LIABILITIES Capital Reserves and Surplus Deposits Borrowings Other Liabilities and Provisions TOTAL ASSETS Cash and Balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets TOTAL 392,80,73 20600,30,46 305439,48,19 22307,85,48 9656,72,68 358397,17,54 19868,17,89 30065,88,89 71260,63,09 228676,36,09 2299,71,83 6226,39,75 358397,17,54

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

SEGMENT REPORTING FOR THE QUARTER /FULL YEAR ENDED 31st MARCH, 2011 Part A: Business Segments Sr. No. 1 Particulars Segment Revenue (a) Treasury Operations (b) Wholesale Banking (c) Retail Banking (d) Other Banking Operations Total Revenue Segment Results (a) Treasury Operations (b) Wholesale Banking (c) Retail Banking (d) Other Banking Operations Total Unallocated expenditure Profit before Tax Provision for Tax Net Profit Capital Employed (a) Treasury Operations (b) Wholesale Banking Quarter Ended 31.03.11 Audited 152400 286914 168127 109424 716865 16353 19776 20184 90759 147072 11532 135540 6105 129435 503442 681669 Quarter Ended 31.03.10 Audited 117941 190082 143536 68659 520218 18784 53859 22560 55069 150272 25127 125145 34517 90628 377089 473105 Year Ended 31.03.11 Audited 559784 984082 598340 327304 2469510 88251 152549 151789 275061 667650 102618 565032 140864 424168 503442 681669 (Rs. in Lacs) Year Ended 31.03.10 Audited 459916 732424 495691 262439 1950470 104770 158536 77865 178039 519210 95404 423806 117973 305833 377089 473105

(c) Retail Banking (d) Other Banking Operations (e) Unallocated Total Capital Employed

316036 583874 14290 2099311

244292 403346 12806 1510638

316036 583874 14290 2099311

244292 403346 12806 1510638

Part- B : Geographic Segments Sr. No. 1 Particulars Revenue (a) Domestic (b) International Total Assets (a) Domestic (b) International Total Quarter Ended 31.03.11 Audited 634533 82332 716865 26762947 9076770 35839717 Quarter Ended 31.03.10 Audited 457659 62559 520218 18934276 6101122 25035398 Year Ended 31.03.11 Audited 2174387 295123 2469510 26762947 9076770 35839717

(Rs. in Lacs) Year Ended 31.03.10 Audited 1701416 249054 1950470 21032967 6798703 27831670

Notes on Segment Reporting: 1. 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. Segment revenue represents revenue from external customers. In determining the segment results, the funds transfer price mechanism followed by the bank has been used. Capital employed for each segment has been allocated proportionate to the assets of the segment. Results, Revenue and Capital Employeed of other banking operations includes figures relating to International operations

2. 3. 4. 5.

N. S. SRINATH EXECUTIVE DIRECTOR Place : Mumbai Date : 28.04.2011

R. K. BAKSHI EXECUTIVE DIRECTOR

M. D. MALLYA CHAIRMAN & MANAGING DIRECTOR