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 Bank of Baroda: Key Strengths
 BoB is a leading 100 years old PSB in India with modern and contemporary
personality, offering banking products and services to industrial and commercial,
retail and agricultural customers across the country.

Overseas Business Modern & Contemporary

Uninterrupted Record
Operations extend across
in Profit-making and Personality
25 countries
Dividend Payment through 74 branches/ Offices
Strong Domestic
Pioneer in many Presence through
Customer-Centric 2,899 branches
Initiatives
Provides Financial
First PSB to receive Services to around
Corporate Governance 36.3 million customers
Rating (CAGR-2) globally

Steady Movement towards Rapid & Significant

A well-accepted & International best practices ²
recognised Brand in Technology Progression
Preparing financials under Since FY06
Indian banking industry
US GAAP
Domestic Branch Network at End-
End-Dec, 2008

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Regional Break-up of $


*
Domestic Branches 


 
Metro Urban Semi- Rural ´ „


+ "
$

Urban 
 ,$!+



-

631 528 645 1,0 5 .
/
0
 



 Robust Technology Platform

´By 31 Dec, 2008, the Bank has completed CBS Rollout in 1,923
domestic branches including 31 extension counters.
´All CBS branches are enabled for inter bank remittances
through RTGS and NEFT.
´CBS has also been implemented in 66 overseas branches of
Bank/its Subsidiaries.
´The Bank·s ATM network has increased to 1,175 from a mere 170
in 2005.
´The Bank has installed 48 ATMs at Railway Stations.
´Many novel products like RapidFunds2India, Baroda Connect,
Online Tax Payment Facility, Depository Facility, Baroda Easy
Pay, Online Payment of Railway Ticket Booking, etc. have been
developed by the Bank to enhance customer convenience.
 Concentration (%): Domestic Branch Network

Rest of India, 21.34 Gujarat, 23.02

Maharashtra, 11.18

UP & Uttaranchal,
21.91

Rajasthan, 11.99
South, 10.56
 Pattern of Shareholding: 31st Dec, 2008
As on 31st Dec, 2008

ndian thers orp. ´ Share Capital Rs 365.53 crore

0.1
Public odies

.  1.8  ´No. of Shares 364.27 million
Fs ´ Net worth Rs 11,011.17 crore
18.0
´ B. V. per share Rs 302.28
´Return on Equity (annualised): 17.85%
nsurance
os
8.0
ovt. of ´ is a Part of the following ndexes
ndia SE 100, SE 200 and SE 00
anks 3.8
0.3 Nifty Junior and ankex.
utual
Funds ´ ·s Share is listed on SE and NSE in
11.  ¶Future and ptions· segment also.
 Business Growth: Dec·04 to Dec·08

 
 
   Growth: Total Advances (%)


50
 00 '




'
0 00 '
' 
' 40

 00 '
 30



0 00 '

 00 
 20

0 00 10
 00
0 00
Dec'04 Dec'0
 Dec'0
 Dec'0
 Dec'08
0
Dec'04 Dec'05 Dec'06 Dec'07 Dec'08

Growth: T otal Business (%) j



 



40.00 42
40.44
35.00 42


30.00 

40
25.00 38.23 37.28
'
'
20.00 38 36.1
'

15.00 36
10.00
34
5.00
0.00 32
Dec'04 Dec'05 Dec'06 Dec'07 Dec'08 Dec'04 Dec'05 Dec'06 Dec'07 Dec'08
 Profits: Apr-
Apr-Dec·03 to Apr
Apr--Dec·08

3 00 00 Bet · Dec·0 & Dec·08, Bank·s Gross Profit has


grown at the CAGR of 8 %

3000
3000 00


00 00
0

000 00 8 3
0
  '
'
00 00 8 3
''
000 00

'

 '

00 00

0 00









 

 Asset Quality: Dec·03 to Dec·08
 0 0

 0 0 0

8 3 .
/1,#-
8 0 0

0 0
¢
¢
 0 0 3
3 0

 0 0 0
0
0 3 
0 0

0 0 0
D ec 03

D ec 08
D ec 0

D ec 0

D ec 0

D ec 0
 Performance Highlights
Bank·s Achievements against the Guidance for FY09
(1) Business Growth with a Thrust on Asset Quality
´Bank has expanded its loan-book at 33.2% (y-o-y) & yet
managed to reduce its Gross NPA from Rs 2,040.30 crore at end-
Dec·07 to Rs 1,981.38 crore at end-Mar·08 to Rs 1,921.42 crore at
end-Dec·08 despite challenging economic conditions.
´Bank has added 6.3 million new customers to its books in Apr-
Dec, FY09.
(2) Bank to exercise control over ´Cost of Depositsµ by
focusing on CASA and by reducing dependence on Bulk
Deposits
´Bank·s Domestic CASA share sequentially improved from
35.85% at end-Sept·08 to 36.10% at end-Dec·08 despite higher
interest rates on term deposits available in the system.
 Performance Highlights
Bank·s Achievements against the Guidance for FY09
´Bank·s Core Deposits excluding Bulk Deposits increased at the
pace of 17.9% in Apr-Dec, FY09 versus 12.3% in Apr-Dec, FY08.
(3) Focus on High-yielding Advances
´While Avg Yield on Domestic Advances & Global Advances
stood at 10.53% & 9.58% respectively in Q3, FY08, it improved to
11.25% & 9.91% respectively in Q3, FY09.
(4) Thrust on Improving the NIM
´Bank·s Global NIM (% of interest-earning assets) improved to
3.30% & Domestic NIM to 3.61% in Q3, FY09 from 3.00% & 3.20%
respectively in Q3, FY08.
(5) Special Emphasis on Fee-based Income
´Bank·s Core Fee-Based Income expanded at the pace of 25.8%
(y-o-y) in Q3, FY09 despite volatile financial markets.
 Thrust on Averages Rather Than Terminal Nos.

Apr-Dec·07 Apr-Dec·08 Apr-Dec·07 Apr-Dec·08

Parameter
(Rs Cr) (Rs cr) (% Y-o-Y) (% Y-o-Y)
Current
6,805 7,826 9.76% 15.00%
Deposit
Savings
30,970 36,389 11.78% 17.50%
Deposit
Time
63,807 82,418 28.54% 29.17%
Deposit
Total
1,01,582 1,26,632 21.59% 24.66%
Deposit

Advances 66,396 86,389 22.20% 30.11%

Business 1,67,978 2,13,022 21.83% 26.82%

´Figures pertain to domestic business based on weekly averages.

 Business Performance: Dec·07 to Dec·08

´Global Business
27.3%(  Rs 2,95,815.20 crore  


 
´Domestic Business
25.5%(  Rs 2,34,579.17 crore
´Overseas Business
34.8%(  Rs 61,236.03 crore
´Global Deposits
23.2%(  Rs 1,68,616.06 crore
´Domestic Deposits
21.5%(  Rs 1,36,515.77 crore
´Overseas Deposits
30.8%(  Rs 32,100.29 crore
´Domestic CASA  36.10%  

´Global Advances
33.17%   Rs 1,27,199.14 crore
´Domestic Advances
31.4%  Rs 98,063.40 crore
´Overseas Advances
39.4%  Rs 29,135.74 crore
 Business Performance: Dec·07 to Dec·08

´Retail Credit
22..1%(  Rs 18,804.62 crore  



´Retail Credit   19.03%  Gross Domestic Credit
´Home Loan Book
18.3%(  Rs 7,937.02 crore
´SME Credit
27.8%   Rs 13,710 crore
´Farm Credit
25.8%   Rs 15,620.56 crore
´Priority Sector Credit
23.7%(  Rs 39,648.51 crore
´  credit to weaker sections 
42.1%   Rs
7,354.96 crore.
´  micro-credit to SHGs 
45.0%   Rs 549
crore.
 Key Financial Ratios : Apr-
Apr-Dec, 2008-
2008-09
 Return on Average Assets (ROAA)  1.04%   
 

 Earning per Share  !"

  Rs 53.97 # $%& " '

 Book Value per Share  Rs 302.28 # (&)% " '

 Return on Equity (ROE)  17.85% &)* " '

 Capital Adequacy Ratio( Basel II)  13.20%

´ Cost-Income Ratio
!" 
 %%)  46.00%(

 Gross NPA "

!" 
 1.50%  && 

 Net NPA "

!" 
 0.37%  )%

 NPA Coverage "
+

 75.40% 

 
+"" " ,
 Operating Profits: Apr-
Apr-Dec·08 & Q3, FY09

ë
Rs Crore 
ëë
  Rs Crore
3500.00 

1600.00
3000.00
1400.00
2500.00 1200.00
2000.00 1000.00

1500.00 i
 800.00


600.00
1000.00
400.00
500.00
200.00
0.00
0.00
Apr-Dec'07 Apr-Dec'08 Q3,FY08 Q3, FY09

´NII grew at 26.7% (Y-o-Y) in Apr-Dec, FY09 & at 46.6% (Y-o-Y) in

Q3, FY09.
Net Profits: Apr-
Apr-Dec·08 & Q3, FY09

' '  

 Rs Crore
''

1600.00 
 
800.00
1400.00 700.00
1200.00 600.00
1000.00 500.00
800.00 400.00
ë
ë
600.00 Š
Š
300.00
400.00 200.00
200.00 100.00
0.00 0.00
Apr-Dec'07 Apr-Dec'08 Q3,FY08 Q3, FY09
 Other Highlights: Apr-
Apr-Dec, FY09
 Net Interest Margin    " -" ,  " .!-! /
" 

 2.94% " 0
 ' 
3.30% " 1$ '

 Cost of Deposits in Global Operations " 

 )(  5.73%

 Cost of Deposits in Domestic Operations " 

 )**  6.25%
 Cost of Deposits in Overseas Operations

 %%  3.52%

 Yield on Advances in Global Operations

!" 
 (&  9.58%

 Yield on Advances in Domestic Operations "
+

 &)& 
11.25%
 Yield on Advances in Overseas Operations
!" 

!2  ($&
 5.58%.

 Yield on Investments in Global Operations "
+

 (&  7.18%.
 Yield on Investments in Domestic Operations "
+
 () 
7.30% 3 in Overseas Operations
!" 
 ()$  5.88%
 Other Highlights: Apr-
Apr-Dec, FY09

 Treasury Income 4"  5!  6 +  " 

-2 32.9%   Rs 599.29 crore.

 Fee-based Income (Commission, Exchange, Brokerage &

Incidental Charges) "
+
-2   , 34.5% 
 Rs 747.81 crore.

 Cash Recovery (NPA & PWO)

" , 0
 '

 !2 Rs 633.21 crore

" +""-! ",  
"
"! !
 

 Profit from Exchange Transactions , -2  - 

48.6%   Rs 286.01 crore.
 Overseas Business: Apr-
Apr-Dec, FY09
 In Apr-Dec, FY09, the ´Overseas Businessµ contributed 20.70% to
Total Business and 16.92% to Net Profit.

 In Apr-Dec, FY09, the ´Overseas Businessµ contributed 34.79% to

the Bank·s income from commission/exchange/brokerage.

 While the Cost-Income Ratio for Domestic Operations stood at

50.42% in Apr-Dec, FY09, it was just 20.35% for Overseas
Operations.

 While the Gross NPA (%) in Domestic Operations stood at 1.78%

at end-Dec 2008, that for Overseas Operations was just 0.55%.

 Whereas the ´Gross Profit to Avg. Working Fundsµ ratio for

Overseas Operations was 2.22% in Apr-Dec, FY09, it was 2.08%
for Domestic Operations.
 Banking Scenario
´Economic slowdown has deepened considerably with IIP growth
slipping to 3.9% in Apr-Nov, 2008 from 9.20% in Apr-Nov, 2007
´The RBI has revised its GDP growth forecast downwards in
Monetary Policy Review (Jan 27) to 7.0% (with a downward bias)
from 7.5²8.0%
´Inflation, however, has eased considerably & expected in the band
of 2.5% to 3.0% by end of FY09.
´Interest Rates have developed a south-ward bias, but adjustments
of lending rates will be gradual as cost of funds still on the higher
side and downside risks to growth remain significant
´Banks· credit growth estimated at 24% & deposit growth at 19.0%
for FY09.
´RBI·s steps since Oct, 2008 have released liquidity worth of Rs
3,66,000 crore so far in the banking system.
Bank·s Guidance for FY09
´To continue with our thrust on ´Growth with Qualityµ by
focusing on CASA, by further reducing the dependence on
Bulk Business & by protecting the Asset Quality with a firm
control on the process of Credit Origination
´To achieve the Business Growth of 25.0% in FY09 and FY10.
´To protect the ROAA above 1.0% and ROE above 17.0%
(already achieved in Apr-Dec, FY09) for FY09 & later
´To bring down the Cost-Income Ratio to 45.0%
´To maintain the growth of at least 25.0%-plus in core Fee-
Based Income in FY09 and improve it further for the coming
years
´To continue with our efforts to bring down Gross & Net
NPA further despite challenging times ahead«
„