2011-12
yeeeW mes oeeW - eer Deeueeske efveiece, eer efJeefveue kegceej mekemesvee, eer megjsv efmebn Yeb[ejer, eer meleosJe ef$ehee"er, [e@. (eerceleer) cemej&le Meeefno, eer jepeerJe MesKej meent, eer Deej.kes. ye#eer - keee&keejer efveosMeke, eer Sce.[er.ceuee - DeOe#e SJeb HeyebOe efveosMeke, eer Sve.Sme.eerveeLe - keee&keejer efveosMeke, eer ceewefueve S. Jew<CeJe, eer Depee ceeLegj, eer megoMe&ve mesve, eer Jeer. yeer. eJneCe
Left to Right: Shri Alok Nigam, Shri Vinil Kumar Saxena, Shri Surendra Singh Bhandari, Shri Satya Dev Tripathi, Dr. (Smt) Masarrat Shahid, Shri Rajib Sekhar Sahoo, Shri R.K. Bakshi - Executive Director, Shri M.D. Mallya - Chairman & Managing Director, Shri N.S. Srinath - Executive Director, Shri Maulin A. Vaishnav, Shri Ajay Mathur, Shri Sudarshan Sen, Shri V. B. Chavan
2011-12
2011-12
ye[ewoe keeHeexjs mesvj meer-26, peer-yuee@ke, yeeve-keguee& kee@cHeueskeme, yeeve (Het.), cegbyeF& 400 051.
Baroda Corporate Centre C-26, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051.
efveJesMeke mesJeeSb efJeYeeie eLece leue, ye[ewoe keeheexjs meWj, meer-26, peer-yuee@ke, yeebe-keguee& kee@chueskeme, yeebe (het), cegbyeF& 400 051.
Investor Services Department 1st Floor, Baroda Corporate Centre, C-26, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051.
jefpem^ej SJeb DevlejCe SpeW cewmeme& keeJeea kecHetjMesej Hee. efue. Huee veb. 17-24, efJeuejeJe veiej, Fcespe DemHeleeue kes Heeme, ceeOeeHegj, nwojeyeeo 500 081.
Registrars & Transfer Agent M/s. Karvy Computershare Pvt. Ltd. Plot No. 17-24, Vithalrao Nagar, Nr Image Hospital, Madhapur, Hyderabad 500 081.
II
2011-12
he= DeOe#eere JekeleJe veesefme efveosMekeeW keer efjhees& keeheexjs ieJeveXme efjhees& keeheexjs ieJeveXme ceW heee&JejCe megj#ee yeemesue II efheuej 3 ekeerkejCe cenlJehetCe& efJeeere meteke HeefjYee<eeSb legueve-he$e ueeYe-neefve uesKee vekeoer-eJeen efJeJejCeer uesKee hejer#ekeeW keer efjhees& mecesefkele efJeeere efJeJejefCeeeb ee@kemeer Heece& / GheefmLeefle heeea / F&meerSme 01 12 16 84 124 125 140 142 144 145 191 193 196
Chairman's Statement Notice Directors' Report Report on Corporate Governance Green Initiative in Corporate Governance Basel II Pillar 3 disclosures Key Financial Indicators Definitions Balance Sheet Profit & Loss Account Statement of Cash Flow Auditors' Report Consolidated Financial Statements Proxy Form / Attendance Slip / ECS
Page 07 12 51 84 124 125 140 142 144 145 191 193 196
2011-12
DeOe#eere JekeleJe
efJeeere Je<e& 2011 kes oewjeve hetbpeer DeeJeke ceW DeeF& lespeer kes heeele ye{leer Jewefeke peesefKece efJecegKelee Deewj kegske Iejsuet efevleeDeeW ves hetbpeer kes heJeen kees kece efkeee. GoenjCe kes efueS hees&Heesefueees FveHeuees efJeeere Je<e& 2011 kes 32.2 efyeefueeve etSme[euej mes Iekej efJeeere Je<e& 2012 ceW 18.9 efyeefueeve etSme[euej jn ieee. Je<e& 2011 kes oewjeve hecegKe SefMeeeF& cegeDeeW ceW heS kee meJee&efOeke eme ngDee. Fmekee DeebefMeke keejCe Yeejle kee Jeeheke eeuet Keelee Ieee Deewj cegKe keejCe kees lesue kes oeceeW ceW ngF& Yeejer Je=ef Lee. Yeejle kee efJeosMeer cege Yeb[ej efmelecyej 2011 kes heejbYe ceW efJeeceeve 321 efyeefueeve etSme[euej kes Ge mlej mes Iekej ceee& 2012 keer meceeeqhle hej 295 efyeefueeve etSme[euej jn ieee. peneb Devegmetefele JeeefCeeqpeke yeQkeeW (Smemeeryeer) kes iewj Keee $e+Ce keer ceebie, efJeMes<ekej ceereeoer $e+CeeW keer, efJeeere Je<e& 2012 kes DeefOekeebMe mecee ceW efMeefLeuelee yeveer jner, JeneR efJeeere Je<e& 2012 keer eewLeer efleceener ceW pecee Je=ef ceW Yeer efiejeJe DeeF& efpevekee Demej vekeoer keer lebieer kes he ceW efoKeeF& efoee. veerefle ojeW ceW 375 DeeOeej DebkeeW keer ye{eslejer kes heeele Yeejleere efj]peJe& yeQke ves efJekeeme kes peesefKeceeW kees kece kejves kes GsMe mes efomecyej 2011 ceW megOeejelceke keoce G"eS. DeeqmLej Deee|Leke heefjJesMe, Deeeqmle iegCeJeee mebyebOeer ye{les oyeeJe Deewj Ieleer hetbpeer heee&hlelee kes keejCe yengle mes Devegmetefele JeeefCeeqpeke yeQkeeW ves JeeefCeeqpeke $e+Ce kes cegkeeyeues mejkeejer heefleYetefleeeW kees lejpeern oer. efJeeere Je<e& 2012 kes oewjeve FOeve meeqyme[er Deewj jespeieej me=peve eespeveeDeeW kes keejCe Yeejle kee jepekees<eere Ieee ye{kej peer[erheer kee 5.9% nes ieee pees 4.6% kes ueef#ele mlej mes keeHeer DeefOeke nw.
2011-12
meb#eshe ceW, efJeeere Je<e& 2012 yengle mes yeee SJeb Deevleefjke Deee|Leke cemeueeW kes heefjhes#e ceW eeo jKee peeSiee efpevneWves meeceeve he mes mLeeveere JeJemeeefeeeW Deewj efJeMes<e he mes yeQeEkeie #es$e kees heefleketue he mes heYeeefJele efkeee. yeQke Dee@]He ye[ewoe ves efJeeere Je<e& 2012 ceW Deheves yeev[ kees hegve: heceeefCele efkeee egveewleerhetCe& heefjJesMe kes yeeJepeto Deehekee yeQke ceewpetoe heefjJesMe ceW DeJemejeW kee DeefOekelece ueeYe G"eves ceW meHeue jne Deewj Fmeves efJeeere Je<e& 2012 kes oewjeve Deheveer iegCeelceke meJeexelee yeveeS jKeer. Deehekes yeQke ves Deheves Jewefeke keejesyeej ceW 25.9% keer meg{ efJekeeme oj ope& keer, pees yeQeEkeie Geesie kes Deewmele keee&efve<heeove mes keeHeer DeefOeke nw. Deheveer Meg yeepe Deee ceW 17.2% keer mJemLe Je=ef kes yeue hej yeQke ves Meg yeepe ceee|peve (SveDeeF&Sce) hej heefleketue oyeeJeeW kes yeeJepeto 18.0% keer Meg ueeYe Je=ef ope& keer. Deehekes yeQke kee Deewmele DeeeqmleeeW hej heefleHeue 1.24%, hetbpeer heee&hlelee mlej 14.67% Deewj FeqkeJeer hej heefleHeue 19.04% jne efpemeves Deehekes yeQke keer meg{ Deee|Leke eqmLeefle kees hegve: heceeefCele efkeee. Fmekes DeueeJee, Je<e& 2012 kes oewjeve Deheves mekeue SveheerS Devegheele kees 1.53% hej Deewj Meg SveheerS Devegheele kees 0.54% hej efveebef$ele kejkes yeQke ves Deeeqmle iegCeJeee heyebOeve ceW Deheveer cepeyetleer kees hegve: efme efkeee. en Yeejle ceW ye[s Deekeej Jeeues yeQkeeW ceW meyemes kece nw. efJeeere Je<e& 2012 kes oewjeve keee&veerefle mebyebOeer henueW Deheveer JeeJemeeefeke DeeOeejefMeuee kees meg{ kejves kes GsMe mes Deehekes yeQke ves efJeeere Je<e& 2012 kes oewjeve keF& keee&veerefle mebyebOeer henueeW keer MegDeele keer. [ee meWj kees yeQke kes mJeeb kes heefjmej ceW meHeueleehetJe&ke mLeeefhele kejves kes heeele Deehekes yeQke ves yeeOeejefnle yeQeEkeie mesJeeSb megefveeqele kejves kes efueS Je<e& kes oewjeve Deheves Deeheoe jenle keW kee efJemleej efkeee. Deehekes yeQke ves efJev[espe meJe&j Jeeg&ueeFpesMeve, [smkee@he Jeeg&ueeFpesMeve Deewj yewke Dehe kevmeeueer[sMeve pewmes heeweesefiekeer mes mebyebefOele veJeesvces<eer heeemeeW kee MegYeejbYe efkeee nw. FvnW ieerve FefveefMeesefJe kes he ceW SJeb [ee meWj keer keee&kegMeuelee ceW megOeej ueeves kes efueS heejbYe efkeee ieee nw. Fmekes DeueeJee, Deehekes yeQke kes Jeeheke vesJeke& kees ef[ceeC[ Deheies[ leLee DeheeFce megOeej nsleg ceuer heeseskee@ue uesJeue eqmJeeEeie hej DeeOeeefjle veeer skeveeuee@peer ceW ceeFies efkeee ieee nw. FbjheeFpe heyebOeve heCeeueer kees Yeer Deheies[ efkeee ieee nw leLee yeQke kes ye{les DeeFer FvHeem^keej kees ceeveerj kejves leLee heYeeJeMeeueer {bie mes JeJemLee kejves kes efueS vees cee@[etume Gheeesie ceW ueees iees nQ. Deheves ieenkeeW kees DeefOeke megefJeOeepeveke Fbjves yeQeEkeie DevegYeJe GheueyOe kejeves kes efueS, Deehekes yeQke ves mebJee|Oele iegCeeW mes ege GVele Jeme&ve keer keesj yeQeEkeie heCeeueer ceW ceeFiesMeve efkeee nw. Fmekes DeueeJee, keF& vees cee[etume pewmes Deeue DeeeqmleeeW kee jKejKeeJe, mesume ^wkej cee[etue, kesverke=le mesJee kej, yeQke efjeueeFpesMeve meeaefHekes (FyeerDeejmeer) cee[etue, Keelee mebKee heesxefyeefueer leLee veeer heWMeve eespevee kes efueS Jeke& Heuees DeeescesMeve, mJeeJeuebyeve, kees meceer#eeOeerve Je<e& kes oewjeve keeee&eqvJele efkeee ieee. DeejerpeerSme SJeb SveF&SHeer kes ceeOece mes Fbj
3
yeQke Oevehes<eCe kes efueS Deehekes yeQke keer keesj yeQeEkeie keer meYeer MeeKeeDeeW kees me#ece efkeee ieee leLee FvnW Deehekes yeQke kes Fbjves yeQeEkeie hees&ue kes meeLe pees[ efoee ieee. Deehekes yeQke ves Deheves Fbjves yeQeEkeie ewveueeW kes Debleie&le Deewj megefJeOeeSb osves kes keee& kees peejer jKee. Fbjves yeQeEkeie ye[ewoe keveske Deye leerJelee kes meeLe mJeeb, Deve Jeefe kees (yeQke kes Yeerlej) Deewj Deblej yeQke Oeve DeblejCe keer megjef#ele megefJeOee heoeve kejlee nw. Deehekes yeQke kes Fbjves hees&ue ceW SmeSceSme Deue&, DeejerpeerSme / SveF&SHeer mebJeJenej keer megefJeOee Yeer oer ieF& nw. heejbefYeke meeJe&peefveke efveie&ce (DeeFheerDees) leLee DevegJeleea meeJe&peefveke efveie&ce (SHeheerDees) Dee@veueeFve DebMeoeve nsleg ye[ewoe keveske ceW SSmeyeerS (yueeke[ jeefMe kes meeLe DeeJesove) megefJeOee Yeer nw leeefke FeqkeJeer MesejeW ceW DeeJesove kejves ceW megefJeOee nes. Deehekes yeQke ves ceesyeeFue yeQeEkeie ewveue ceW ye[ewoe Sce keveske kes ceeOece mes Keelee Mes<e keer peevekeejer, efvepeer Keelee efJeJejCe, keF& KeeleeW kees Ske meeLe pees[vee, efveefOe DeblejCe, efyeueeW kee Yegieleeve, efke yegeEkeie, Mee@eEheie, Heer[ yewke / efMekeeeleW Deeefo pewmeer keF& Deewj megefJeOeeSb eoeve keer nQ. 31 ceee& 2012 leke Deehekes yeQke kee SerSce vesJeke& 2012 leke hengbe ieee. SerSce eqmJee meele FbjeWpeeW DeLee&led vesMeveue eqmJee SveSHeSme (SveheermeerDeeF&), Jeermee, ceemjkee[&, meerJeeretSF& (etSF&), meerJeerDeesceeve (Deesceeve), eEueke (erSveer), hes ceeke& (vetpeerueQ[) kes meeLe, SerSve kes ceeOece mes ef[ueerJejer heeFb ye{ekej ieenkeeW kees megefJeOee osves nsleg pees[e ieee nw. kesverke=le ef[heesefpejer ShueerkesMeve kes meeLe, Deehekes yeQke keer MeeKeeSb SveSme[erSue Deewj meerSme[erSme oesveeW keer megefJeOeeSb osves ceW me#ece nQ. DeeveueeFve ^seE[ie heCeeueer mes Deehekee yeQke, FeqkeJeer, cetegDeue Heb[, yeeb[ Deewj heejbefYeke meeJe&peefveke efveie&ce ceW (DeeF&heerDees) pewmes efueKeleeW ceW ^seE[ie kes efueS Deheves ieenkeeW mecemle mesJeeSb Dee@veueeFve osves ceW me#ece nw. Fmekes DeueeJee, Deehekes yeQke ves DeeF&er mes mebyebefOele keF& veJeesvces<eer keee& pewmes Fbjves hesceW iesJes, [sefye kee[& / esef[ kee[& mes mebyebefOele Yegieleeve iesJes mesJeeSb, vekeoer heyebOeve heCeeueer efpemeceW heeeqhle heyebOeve (keueskeMeve) pewmeer megefJeOeeSb nQ SJeb FvJeeFme heyebOeve (heehe Deewj Yegieleeve heyebOeve), Yegieleeve mebosMe meesuetMeve (heerSceSme) (20 efJeosMeer sjerjerpe Deewj Yeejle keer meYeer heeefOeke=le MeeKeeDeeW ceW efeeeeqvJele keer ieF&) efie[ DeeOeeefjle eske ^bkesMeve efmemce (meererSme), (SvemeerDeej, veF& efouueer; esVew, keesecyeletj, yeQieueesj ceW keeee&eqvJele) Deewj cegbyeF& ceW Deeescess[ eske heesmeseEmeie meWj (DeeJeke peeJeke) keeee&eqvJele efkees nQ. Deehekes yeQke ves kece&eeefjeeW kee [eeyesme leweej kejves kes GsMe mes leLee leerJelee mes efveCe&e kejves, heoesVeefle Deewj eeve heefeee leLee Deve ceeveJe mebmeeOeve heefeee kes efueS kece&eeefjeeW nsleg ceeveJe mebmeeOeve vesJee\keie mesJeeSb keeee&eqvJele keer nQ. Fmekes DeueeJee Deehekes yeQke ves ueeerueer Deewj keeeexheeesieer meteveeDeeW kes Deehemeer Deeoeve heoeve kes eesle, ieenkeeW kes yeejs ceW yesnlej peevekeejer kes efueS ieenke efjuesMeveefMehe heyebOeve leLee meYeer ewveueeW ceW Ske meceeve ieenke efJeeej kes efueS [ee Jesej neGme yeveeves kes efueS keoce G"ees nQ. efJeeere Je<e& 2012 kes oewjeve Deehekes yeQke ves Kegoje yeQeEkeie kes #es$e ceW keF& ye[s keoce G"ees nQ. yeQke ves ye[ewoe Hem& meseEJeie yeQke Deewj ye[ewoe Hem& jsieguej ef[heesefpe pewmes oes GlheeoeW kees etefuehe Deewj ce& yeercee eespevee kes meeLe mebegkele kejkes ye[ewoe Hem& nsuLe Hewke kee MegYeejbYe efkeee nw.
2011-12
ke=<ekeeW, mJeefveeesefpele JeefeeeW SJeb JeeJemeeefekeeW kes efueS efJeMes<ehe mes ye[ewoe mece=ef efleceener DeeJeleea pecee Deewj ye[ewoe mece=ef ceener DeeJeleea pecee eespeveeSb leweej keer ieF&. 163 ye[ewoe veJeefvecee&Ce MeeKeeDeeW (efyepevesme heesmesme efjFbpeerefveeeEjie ceW Deehekes yeQke kee heespeske) ceW mesume DeehejseEie cee[etue kee MegYeejbYe efkeee ieee efpememes efyeeer SJeb mesJee mebmke=efle efJekeefmele nes Deewj Jele&ceeve / vees ueeYeoeeke ieenkeeW kes [ee ceeFeEveie mes leLee mesume kevJemexMeve Deewj mesJee DevegjesOe kes ceeOece mes efyepevesme ueer[dme heehle efkeS pee mekes. yeele yeQke peceejeefMeeeW kes mebienCe ceW Je=ef ueeves nsleg ye{leer ngF& yeepe ojeW keer ke[er egveewleer kes ceenewue ceW Deehekes yeQke ves keF& yeele yeQke DeefYeeeve eueees. FmeceW keee&efve<heeove kejves Jeeues meHe meomeeW nsleg heeslmeenve kee meceeJesMe efkeee ieee. FmeceW DeJee[& peerleves Jeeueer MeeKeeDeeW Deewj #es$eere keeee&ueeeW kes efueS meerSce[er kes meeLe Meece Deewj efhekeefveke efJeo meHe keee&eceeW kee Deeeespeve Meeefceue Lee. Deehekes yeQke ves Je<e& kes oewjeve Deheves Kegoje $e+Ce kees ye{eves kes efueS efJeMes<e he mes DeeJeeme $e+Ce SJeb keej $e+Ce hej Oeeve keseqvle kejles ngS keF& Kegoje $e+Ce DeefYeeeve eueees. Deehekes yeQke ves -9- efmeer mesume Dee@efHeme Meg efkees. FveceW mes nueveer, jeeyejsueer, Hewpeeyeeo, jeehegj, Yeesheeue, Fboewj, yeWieuet, ieeefpeeeyeeo Deewj jepekees Meeefceue nQ. Fme $e+Ce cee@[ue keer meHeuelee kees osKeles ngS nueveer, osnjeotve Deewj veeefmeke ceW -3- veeer efjsue ueesve Heweqke^eeW kee MegYeejbYe efJee Je<e& 2012 ceW efkeee ieee. Deuhe Deee Jeie& ceW efJeeere meceeJesMeve kees Deeies ye{eves keer efJeefMe eespevee yeveeves nsleg keejesyeej veerefle kees vees he ceW leweej kejves keer DeeJeMekelee kees mecePeles ngS Deewj Fmes keejesyeej DeJemej SJeb keeheexjs meeceeefpeke oeefelJe ceeveles ngS, Deehekes yeQke ves GheueyOe mebmeeOeveeW pewmes skevee@uee@peer, JeJemeee keewMeue Deeefo kee Gheeesie kejles ngS meceer#eeOeerve Je<e& ceW efJeeere meceeJesMeve kes GsMe kee Deeies ye{eves nsleg "esme keoce G"ees. efJeeere meceeJesMeve [ee leLee mebJeJenej kees yeQke kes [ee meWj ceW mesJee heoelee kes efJeeere meceeJesMeve meJe&j / iesJes kes ceeOece mes meeryeerSme ceW Skeerke=le efkeee ieee. Deehekes yeQke ves eEueke MeeKeeDeeW kes ceeOece mes Deheves ieenkeeW kees Gvekes KeeleeW kees meeryeerSme ceW Deheuees[ kejves yeeo Deewj kesJeeF&meer meleeheve kes yeeo mcee& kee[& peejer efkeS. Deehekes yeQke kes Deheves DeefOekeeefjeeW kes efueS efJeeere meceeJesMeve hej efJeMes<e heefMe#eCe keee&eceeW kee mebeespeve SJeb Deeeespeve kejves kes efueS je^ere ieeceerCe efJekeeme mebmLeeve (SveDeeF&Deej[er) nwojeyeeo kes meeLe JeJemLee keer nw. efJeeere meceeJesMeve kes keee& ceW lespeer ueeves kes efueS Deehekes yeQke ves meer[erSceS lekeveerke kes ceeOece mes meeryeerSme keveseqkeefJeer ege ceesyeeFue yeQeEkeie JewveeW keer MegDeele keer nw. Fme hekeej keer heebe Jesve (1 iegpejele ceW, 2 GejheosMe ceW, 1 efyenej ceW leLee 1 ieesJee ceW) eue jner nQ peesefke 41 ieebJeeW ceW mesJeeSb heoeve kej jner nQ. Deehekes yeQke ves efJeeere meceeJesMeve heefjeespevee kes Debleie&le Deeyebefle Mele heefleMele ieebJeeW kees keJej kej efueee nw. Fve ieebJeeW ceW 7.61 ueeKe mes DeefOeke efJeeere meceeJesMeve Keeles Keesues ieS peyeefke ue#e 7.10 ueeKe kee Lee. ieeceerCe Yeejle keer ke=ef<e $e+Ce ceebie leLee Deve efJeeere pejleeW kees hetje kejves kes GsMe mes yeQke kee heee&hle eesieoeve megefveeqele kejves kes efueS Deehekes yeQke ves ieeceerCe SJeb ke=ef<e $e+Ce kes Debleie&le Je<e& kes oewjeve efJeefYeVe Glheeo ef[peeFve efkeS leLee JeJemeee veerefle leweej keer. yeQke ves ke=ef<e $e+Ce
4
ye{eves kes efueS Yeejle Yej ceW 450 Lem& MeeKeeDeeW kee eeve efkeee nw. ke=ef<e $e+Ce ye{eves kes GsMe mes -22- #es$e efJeMes<e eespeveeSb leweej keer ieF. yeQke ves efJeeere Je<e& 12 kes oewjeve egJeeDeeW kees heefMe#eCe osves kes efueS leLee Gvekes efueS mJejespeieej kes DeJemej cegnwee kejJeeves kes efueS Dehesef#ele %eeve SJeb keewMeue heefMe#eCe nsleg 10 Deewj ye[ewoe mJejespeieej efJekeeme mebmLeeve Keesues. Fme hekeej ye[ewoe mJejespeieej efJekeeme mebmLeeveeW keer mebKee ye{kej 46 nes ieF&. Fme hekeej yeQke kes heleske DeieCeer efpeues ceW mejkeejer efoMeeefveoxMeeW kes Deveghe Ske Deej-meser (R-SETI) nw. Fmekes DeueeJee Depecesj eqmLele ye[ewoe mJejespeieej efJekeeme mebmLeeve kees kesJeue ceefnuee GeefceeeW kes efueS efJekeefmele efkeee ieee nw. efJeeere Je<e& 12 kes oewjeve 42786 egJee ueeYeee|LeeeW kees heefMe#eCe efoee ieee efpeveceW mes 25791 ves Dehevee mJejespeieej Gece mLeeefhele kej efueee nw. Fve keWeW eje Deye leke heefMeef#ele kegue 122228 ueeYeee|LeeeW ceW mes 75050 ves mJejespeieej Gece mLeeefhele kej efueS nQ. Deehekes yeQke ves meceer#ee Je<e& kes oewjeve 21 veS efJeeere mee#ejlee SJeb $e+Ce hejeceMe& keW (SHeSuemeermeer), Keesues efpevnW 'meejLeer' veece efoee nw, Fme hekeej 31 ceee& 2012 kees efJeeere mee#ejlee SJeb $e+Ce hejeceMe& keseW keer mebKee 39 nes ieF& nw. met#ce, ueIeg SJeb cePeewues Gece (SceSmeSceF&) efJee kes Deve osMeeW keer Yeebefle Yeejle ceW Deee|Leke efJekeeme Deewj jespeieej kee hecegKe eesle nQ. Deehekes yeQke ves meceer#ee Je<e& kes oewjeve met#ce, ueIeg SJeb cePeewues Gece JeJemeee kes lenle keF& veJeesvces<eer heeeme efkeS nQ. yeQke ves efJeeere Je<e& 2012 kes oewjeve ome veF& SmeSceF& ueesve Heweqke^eeb leLee Dee" veF& efJeefMe SmeSceF& MeeKeeSb KeesueeR. Fmekes DeueeJee Deehekes yeQke ves mLeeveere pejleeW kees hetje kejves kes efueS heebe vees ieenkeesvcegKe #es$e efJeMes<e Glheeo heejbYe efkeS. yeQke ves heeesieelceke DeeOeej hej Ske veS Deeeqmle Glheeo 'ye[ewoe ewveue HeeFveebeEmeie' keer MegDeele keer. Deehekes yeQke ves nwojeyeeo, Denceoeyeeo leLee peehegj ceW Dee@ue Fbef[ee cewvespeceW SmeesefmeSMeve eje GeefceeeW kes efueS Deeeesefpele "cewvespeceW eqmkeume t meesme& HeeFveebeEmeie SC[ cewvespeceW Dee@]He skevee@uee@peer yeee SmeSceF&" efJe<ee hej keee&Meeuee heeeesefpele keer. Deehekes yeQke ves met#ce SJeb ueIeg GeefceeeW nsleg ye[ewoe Geceer hegjmkeej Yeer Meg efkees. Fmekes DeueeJee Deehekes yeQke ves met#ce SJeb ueIeg GeefceeeW kes efueS esef[ ieejber HeC[ ^m (meerpeererSceSmeF&) eespevee kes meboYe& ceW yeQke kes SmeSceF& GlheeoeW leLee yeej yeej hets peevesJeeues heMve mebyebOeer peevekeejer kees Meeefceue kejles ngS "eweqkekeue ieeF[ t efyekeeEceie Sve Fvjheveesj" veeceke hegeqmlekee Yeer peejer keer nw. yeQke ves efJeeere Je<e& 12 kes oewjeve SmeSceF& KeeleeW keer jseEie nsleg eej Deueie - Deueie jseEie SpeseqvmeeeW kes meeLe mecePeewlee kejej (SceDeeset) hej nmlee#ej efkeS nQ. efJeeere Je<e& 12 ceW JeeJemeeefeke SJeb efJeeere GheueeqyOeeeb pewmee efke hetJe& ceW yeleeee ieee nw efke Deehekes yeQke ves efJeeere Je<e& 12 kes oewjeve keef"ve Deee|Leke oewj kes yeeJepeto GlmeenJeOe&ke heefjCeece efoS nQ. efheues leerve Je<eeX keer Yeebefle JeJemeee keer eq mes Deehekes yeQke kee keee&efve<heeove yeQeEkeie Geesie kes Deewmele keee&efve<heeove mes keeHeer yesnlej jne. Deehekes yeQke kee Jewefeke keejesyeej efJeeere Je<e& 12 kes oewjeve 25.9% (Je<e&-oj-Je<e&) keer Je=ef ope& kejles ngS 6,72,248 kejes[ kes mlej hej hengbe ieee. yeQke kes Yeejleere heefjeeueve ceW peceeDeeW leLee DeefieceeW
2011-12
ceW eceMe: 20.1% leLee 19.3% keer GuuesKeveere Je=ef ope& keer ieF&. Deehekes yeQke keer Iejsuet kece ueeiele DeLee&led keemee peceeDeeW ceW Kegoje DeeJeefOeke peceeDeeW keer DeefOeke yeepe oj kes yeeJepeto 15.9% (Je<e&-ojJe<e&) keer oj mes Je=ef ngF& leLee efJeeere Je<e& 12 ceW kegue Iejsuet peceeDeeW ceW Fvekee DebMe 33.2% jne. Deehekes yeQke kes heeLeefcekelee heehle #es$e $e+CeeW ceW Yeer efJeeere Je<e& 12 kes oewjeve 19.5% keer GuuesKeveere Je=ef ngF& leLee es meceeeesefpele efveJeue yeQke $e+Ce (SSveyeermeer) kee 43.37% jns pees efke 40.00% kes DeefveJeee& ue#e mes Yeer DeefOeke Lee. Deehekes yeQke ves Deheves SmeSceF& $e+CeeW ceW 26.1%, ke=ef<e $e+CeeW ceW 18.4%, hele#e ke=ef<e $e+CeeW ceW 24.9% leLee Kegoje $e+CeeW ceW 10.0% keer Je=ef ope& keer peesefke efJeeceeve heCeeueer ceW GheueyOe mebYeeJeveeDeeW kees osKeles ngS efJeefYeVe #es$eeW ceW meblegefuele Je=ef kees oMee&leer nw. efJeeere Je<e& 12 kes oewjeve Deehekes yeQke keer efJeosMeer MeeKeeDeeW kes kegue keejesyeej ceW 44.6% keer DeeMeeleerle Je=ef ngF&. efJeosMeer heefjeeueveeW ceW Deehekes yeQke keer ieenke peceeDeeW ceW 40.4%, kegue peceeDeeW ceW 45.2% leLee DeefieceeW ceW 43.9% keer GuuesKeveere Je=ef ngF&. meg{ leLee Geesie keer Deewmele Je=ef oj mes DeefOeke Je=ef leLee yesnlej Meguke DeeOeeefjle Deee kes HeuemJehe Deehekes yeQke kes efJeosMeer heefjeeueveeW kes mekeue ueeYe ceW 48.5% keer GuuesKeveere Je=ef ope& keer ieF&. GuuesKeveere nw efke yeQke kes Jewefeke keejesyeej ceW efJeosMeer keejesyeej kee DebMe 28.3% jne. mekeue ueeYe ceW Fmekeer efnmmesoejer 20.7% leLee keesj Meguke Deee ceW efnmmesoejer 34.0% jner. Fmekes DeueeJee yeQke kes efJeosMeer heefjeeueve mes yeQke keer kegue Deeeqmleeeb 91,273 kejes[ mes ye{kej 1,28,398 kejes[ nes ieF&. Fme hekeej efJeeere Je<e& 12 kes oewjeve FveceW 40.7% keer Je=ef ope& keer ieF&. mecetes yeQke kee mekeue ueeYe 23.6% keer GuuesKeveere Je=ef oj kes meeLe ye{kej 8630.37 kejes[ nes ieee. ye{s ngS eeJeOeeveeW kes yeeJepeto Meg yeepe ceeefpe&ve ceW melele eieefle, iewj yeepe Deee ceW Deer Je=eq leLee Heefjeeueve KeeeX ceW efveebef$ele Je=eq mes DeeHekes yeQke kee Meg ueeYe efJelleere Je<e& 2012 ceW 18.0% (Je<e& oj Je<e&) ye{kej Hees 5,007 kejes[ nes ieee, pees efke yeepeej keer DeHes#eeDeeW mes DeefOeke Lee. peneb Meg yeepe Deee ceW 17.2% (Je<e&-oj-Je<e&) keer Je=ef ngF& nw, JeneR Deve Deee (ee iewj-yeepe Deee) ceW 21.8% (Je<e&-oj-Je<e&) ngF&, pees cegKe he mes heYeeJeer ^spejer Depe&ve SJeb yeeke=le KeeleeW ceW Yeejer Jemetueer mes heehle ngF&. ueieeleej keer efiejeJe keer heJe=efe kes yeeJepeto Deehekee yeQke efJeeere Je<e& 2012 leke yeQeEkeie peiele ceW Ske Glke= Deeeqmle iegCeJeee yeveeS jKe mekee. Deheves hetJe& kes efjkee[& kes Deveghe Deehekee yeQke efJeeere Je<e& 2012 ceW Deheves mekeue SveheerS kee 1.53 leke leLee Meg SveheerS kees 0.54% leke meerefcele jKe heeves ceW meHeue ngDee. yeQke kee $e+Ce neefve keJejspe Devegheele (lekeveerkeer yeeke=le meefnle) Yeer 31 ceee& 2012 kees 80.05 % kes Ge mlej hej jne. MesejOeejke heefleHeue Deewj lejuelee Devegheele kes ceeceues ceW Deehekes yeQke ves Deheves yeepeej ceeie&oMe&ve keer leguevee ceW Dee keee& efkeee Deewj Deewmele DeeeqmleeeW hej heefleHeue (DeejDeesSS) 1.24% jne. heefleMesej Depe&ve (F&heerSme) 127.84 SJeb heefleMesej yener cetue (yeerJeerheerSme)
5
637.37 jne. Flevee ner veneR, Deehekes yeQke kee ueeiele Deee Devegheele ieleJe<e& kes 39.87% kes mlej mes leerJe efiejeJe kes meeLe 37.55% jne, pees Gmekes efvejblej ye{les ngS Depe&ve-heesHeeFue Deewj heefjeeueveiele JeeeW hej efJeJeskehetCe& efveeb$eCe heefleeEyeefyele kejlee nw. 31 ceee& 2012 kees Deehekes yeQke kee yeemesue II kes Debleie&le hetbpeer heee&hlelee Devegheele 14.67% kes meg{ mlej hej jne, efpemeceW 10.83% efej I hetbpeer Devegheele Meeefceue nw., en yeQeEkeie peiele ceW meJee&efOeke nw. YeeJeer eespeveeSb peneb Jewefeke heefjhes#e ceW Yeejle keer heieefle Dehes#eeke=le keg DeefOeke jner, DeeqmLej Jewefeke heefjMe SJeb Iejsuet veerefleeeW meefnle efJeefJeOe IekeeW ves efveJesMeeW hej oyeeJe [euee. cegemHeerefle ceW Devegketue meebeqKekeere DeeOeej kes keejCe ceboer Meg ngF& efpememes GOeej ojeW ceW nukeer meer efiejeJe Deeeer. efJeeere Je<e& 13 kes efueS efJekeeme oj 7% mes 7.3% nesves kee Devegceeve efJeefJeOe SpeWefmeeeW eje efkeee pee jne nw, peneb veerefleiele ceesex hej Oeerceer heieefle kee peesefKece jnsiee, Ge SJeb DeeqmLej cegemHeerefle leLee Jewefeke eqmLeefle Yeer efiejeJe keer Deesj heJe=e jnsieer. efJeeere Je<e& 13 kes oewjeve Deehekes yeQke keer meceie JeeJemeeefeke keee&veerefle GYejles ngS ceeFees Deee|Leke heefjJesMe kes eqiele jnsieer, Deehekee yeQke Deheves Des hetbpeerke=le leguevehe$e SJeb Meeveoej JeJemeee cee@[ue mes efve:mebosn DeevesJeeues Je<eeX ceW Deheves melele keee&efve<heeove kees yeveeS jKesiee. efJeeere Je<e& 13 kes oewjeve Deehekee yeQke Deheves Yeewieesefueke SJeb jCeveerefleke ueeYeeW leLee hetbpeer keer Meefe keer yeue hej Deheveer peceejeefMeeeW SJeb DeefieceeW, oesveeW ceeceueeW ceW yeepeej ceW Dehevee efnmmee ye{evee peejer jKesiee. hetJe& keer Yeebefle, Deehekee yeQke Iejsuet keemee peceejeefMeeeW ceW Ge Je=ef kees peejer jKeves hej Oeeve keWefle kejsiee. Deehekee yeQke efvecve SveheerS Devegheele kes eq mes Deheveer Deeeqmle iegCeJeee kees yeveeS jKeves ceW keesF& kemej yeekeer veneR jKesiee. Je<e& heefle Je<e& yesnlej heeJeOeeve keJejspe Devegheele yeveeS jKeves keer Deehekes yeQke keer veerefle efkemeer Yeer heefleketue Deee|Leke heefjeqmLeefleeeW kee hetjer Meefe kes meeLe meecevee kejves ceW meneeke nesieer. en vees kej efueee peeS efke $e+Ce mebefJeYeeie keer Deeeqmle iegCeJeee kees yeveeS jKeves Je FmeceW megOeej kejves kes efueS Deehekes yeQke ves heYeeJeer JeJemLee keer nw leeefke KeeleeW keer eLeeMeerIe meceer#ee, efveece Je MeleeX kee Devegheeueve Je Ge cetue kes Deefiece KeeleeW ceW $e+Ce keer jseEie kees ye{eee pee mekes. Deheveer Ge ueeYeheolee kees yeveeS jKeles ngS, Deehekee yeQke DeevesJeeues Je<eeX ceW Yeer heee&hle Ge meerDeejSDeej Je efej I kee Devegheele yeveeS jKevee peejer jKesiee. etbefke Deehekee yeQke meeceeve FeqkeJeer efpemeceW 31 ceee& 2012 kees ueieYeie 93% efej I hetbpeer meeqcceefuele nw, kes meeLe yesnlej hetbpeer heee&hlelee Devegheele yeveeS ngS nw. FmeefueS Fmekee yesmeue III ceW heebleefjle nesvee DeleefOeke mejue nesiee. ceeveJe mebmeeOeve keee&-veerefle, JeJemeee heeblejCe kes meceie heeemeeW ceW Deehekes yeQke kee hecegKe Ieke nw. Deehekes yeQke kes heeme henues ner me#ece SJeb DeleefOeke heeslmeeefnle kece&eeefjeeW kee DeeOeej nw, efHej Yeer Fmeves ceefCeheeue iueesyeue SpetkesMeve mee|Jemesme kes meeLe ye[ewoe ceefCeheeue mketue Dee@]He yeweEkeie kes He ceW Ske veJeesvces<eer MegDeele keer nw, efpememes en DeHes#ee nw efke Jen Deehekes yeQke kees heefMeef#ele DeefOekeejer GheueyOe keje heeSiee, efpevnW yeQke keer DeeJeMekeleevegmeej heomLeeefhele efkeee peeSiee.
2011-12
Je<e& 2012 kes oewjeve Deehekes yeQke ves Jele&ceeve ceeveJe ewveue mebyebOeer heefeeeDeeW, mebjevee Je veerefleeeW kees heeweesefiekeer DeeOeeefjle JeJemeee heeblejCe kes Deveghe veee mJehe heoeve kejves nsleg keg keoce G"eS nQ. ceeveJe mebmeeOeve heeblejCe hej keWefle 'mheMe&' heefjeespevee Fme ue#e kees heehle kejves nsleg Meg keer ieF& nw. Deehekes yeQke eje G"eS ieS efJeefYeVe keoce pewmes heefleYee heyebOeve, GejeefOekeej eespevee, Ske Jew%eeefveke meeEHeie cee@[ue Je eceMeefe eespevee kee efvecee&Ce, efJekeeme Je me#ecelee efvecee&Ce leLee keee&efve<heeove heyebOeve Deehekes yeQke kees Deeies ues peeves ceW leLee ke[er JeeJemeeefeke egveewefleeeW kee meHeueleehetJe&ke meecevee kejves ceW DeleefOeke mekeejelceke heefjCeece oWies. Deepe yeQeEkeie mesJee heoeleeDeeW ceW hecegKe Deblej ieenke mesJee keer iegCeJeee kee nw. Deehekes yeQke kes efJeeYej ceW 45 efceefueeve mes DeefOeke ieenke nw. Deehekee yeQke meYeer ef[ueJejer ewveueeW kes ceeOece mes Glke= ieenke mesJee heoeve kejves kes efueS heefleye nw Deewj lekeveerke kes DeefOekelece Gheeesie eje ieenke meblees<e kees ye{eves nsleg efvejblej keesefMeMe kej jne nw. en efJeefYeVe ieenkeeW kees Deueie Deueie efkemce keer DeeJeMekeleeDeeW kes meJe&Lee Devegketue F& GlheeoeW Je Jewkeequheke ef[ueerJejer ewveueeW kes ceeOece mes mesJee heoeve kejves nsleg heeemejle nw. ieenkeeW kes efJeefYeVe efnleeW Deewj Dehes#ee kee Oeeve efJeefYeVe heefeee SJeb keee&-efJeefOeeeW ceW megOeej kejkes Yeer jKee peeSiee. yeQke kes keeheexjs ue#e SJeb keee&-veerefle Deehekes yeQke ves Je<e& 13 kes efueS "Ge Glheeokelee, o#elee Deewj ueeYeheolee kes meeLe JeJemeee efJekeeme" Dehevee GsMe jKee nw. Deehekes yeQke ves mLeehevee efoJeme 20 pegueeF& 2011 kes DeJemej hej "efmeivesej etve" kee MegYeejbYe kej meesefveke ceeref[ece ceW Deheves yeeb[ keer MegDeele keer. Fmekee cetue heeespeve yeQke keer YeeJevee kees Glmeen kes meeLe Ske ieefleMeerue Gpee&Jeeve mebie"ve kes he ceW ueesiees mes leeuecesue jKeles ngS heefleeqle kejvee Lee. yeQke, Jewefeke yeepeej ceW Fmes {leehetJe&ke mLeeefhele kejles ngS ceeFuespe heehle kejsiee. yeQke kes heespeske veJeefvecee&Ce ceW yengle mes Ieke nQ pees efyepevesme heesmesme efjFbpeerefveeeEjie leLee mebie"ve hegvee|vecee&Ce oesveeW kees keJej kejWies. Fmekee GsMe mLeeF& keWerekejCe kes ceeOece mes yeQke keer MeeKeeDeeW kees efyeeer SJeb mesJee keWeW kes he ceW heebleefjle kejvee nw. Fmemes "esme efyeeer Je=ef, es ieenke DevegYeJe leLee Jewkeequheke ewveue ceeFiesMeve heehle kejves keer Dehes#ee keer peeleer nw. yeQke keer efveOee&efjle mecee meercee kes Yeerlej Deheveer meYeer ces^es Je Menjer MeeKeeDeeW kees ye[ewoe veskem (DeLee&led pesve veskem) ceW heebleefjle kejves keer eespevee nw. ye[ewoe veskem ceeFiesMeve kee heejbefYeke ueeYe, ieenke meblegeq leLee keemee ye{eslejer oesveeW kes he ceW efceue jne nw. ye[s hewceeves hej mJeeeefuele leLee ueerve yewke DeeefHeme pewmes efmeer yewke DeeefHeme leLee jerpeveue yewke DeeefHeme efveeqele he mes yeQke kes ceeveJe mebmeeOeve keer o#elee leLee Glheeokelee ceW megOeej kejWies. yeQke ves henues ner oes mebheke& keW (DeLee&led kee@ue meWj) ueKeveT leLee ye[ewoe ceW mLeeefhele kej efueS nQ. melele efyeeer Je=ef kes efueS yeQke ves keeflehee MeeKeeDeeW ceW veS mesume Dee@hejseEie cee@[ue leweej efkeS nQ.
yeQke ves efce[ keeheexjs MeeKeeSb Keesuevee eeuet kej efoee nw leeefke nesuemesue JeJemeee kes efJeefMe Ieke kes He ceW $e+Ce efJelejCe hej Oeeve keWefle efkeee pee mekes. Deeieeceer heeesie kes leewj hej kesvereke=le henueW MeerIe ner Meg keer pee jner nQ leeefke es MeeKeeSb "mesume-kece-mee|Jeme DeeGues" MeeKeeSb yeve mekeW. yeQke ves meYeer JeJemeee Je efJeeere hewjeceerjeW ceW melele SJeb mLeeF& Je=ef keer nw Deewj efJeeere Je<e& 2012 kes oewjeve es vesle=lJe ves efJeefYeVe je^ere SJeb Debleje&^ere mebie"veeW kes Devegceesove mes Fmes heehle efkeee nw. yeQke kees efceues yengle mes hegjmkeejeW ceW meerSveyeermeer erJeer 18 Je SmemeerSkeme eje efoee ieee yesm heeqyueke meskej yeQke kee hegjmkeej, uebove ceW Fbmeret Dee@]He [eejskeme& Sv[ Jeu[& Hee@jce Heesj keeheexjs ieJeveXme eje efoee ieee ieesu[ve heerkee@ke DeJee[& Hee@j keeheexjs ieJeveXme, o owefveke Yeemkej Fbef[ee heeF[ DeJee[& Hee@j 2011, o ceesm SHeerefMeev yeQke Fve kesefveee, o yesm FveerefMeSefJe Fve FvekeuetefmeJe yeQeEkeie SHeDeeF&yeermeer yeQeEkeie DeJee[&, o [ve Sv[ yee[m^ermed ueereE[ie heerSmeyeer Fve "iueesyeue efyepevesme [sJeueheceW kewiejer", SmeSceF& JeJemeee kes lenle vesMeveue DeJee[& Hee@j hejHee@ceXvme, o DeJee[& Hee@j yesm eterueeFpesMeve Dee@]He FbuewkeegDeue efjmeesmexpe, efyepevesme Jeu[& heer[yuetmeer eje "o yesm ieesFbie ueepe& yeQke", Sve[ererJeer eje "o efyepevesme ueer[jefMehe DeJee[& yesm heerSmeyeer Fve 2011", heerSmeyeer esCeer ceW DeeF&meerSDeeF& eje "o DeJee[& Hee@j SkemeerueWme Fve HeeFveWefMeeue efjheese\ie", efyepevesme Jeu[& heer[yuetmeer eje "o Heemsm ieesFbie ueepe& yeQke", o eterJeer-yuetceyeie& HeeFveWefMeeue ueer[jefMehe DeJee[& leLee SHeSce meme& Fb[m^er yeev[ ueer[jefMehe DeJee[& Meeefceue nQ. o yeQkej uebove kes Devegmeej efJeeere Je<e& 2012 kes oewje yeQke keer yeev[ jQeEkeie 500 e@he yeQeEkeie yeev[eW ceW 47 Debke megOej ieF&. yeQke efJeeere Je<e& 13 kes oewjeve es keee&efve<heeove kees yeveeS jKeves leLee DemeeOeejCe keee&efve<heeove nsleg hegjmkeej heehle kejves keer DeeMee kejlee nw. Dele: en meg{ efJeeere eqmLeefle, mesJee Glke=lee, cepeyetle keeheexjs efveeb$eCe, FeJeeve efveeesee leLee je^ere efJekeeme ceW cenlJehetCe& eesieoeve osves ceW Deheveer heeflee yeveeS jKeves keer hetjer-hetjer keesefMeMe kejsiee. Deheves meYeer keesj JeJemeeeeW kes efueS yeQke ves jCeveerefleeeb leweej keer nQ pees YeefJe<e ceW egveewefleeeW kee meecevee kejves, leLee Deheves huesHeece& kees meg{ kejves kes efueS DeJemejeW kee ueeYe G"eSieer. yeQke keer Fme jesceebekeejer ee$ee ceW ceQ Deehekes melele meneesie leLee meceLe&ve kee efveJesove kejlee ntb.
2011-12
ChAiRMAn'S StAtEMEnt
Sustained
Performance in
Challenging Environment
M. D. Mallya
Chairman & Managing Director
Dear Stakeholder,
I am pleased to report that the year 2011-12 (FY12) was your Bank's fourth consecutive year of record income and profits post the global financial crisis. Once again, your Banks performance has shown its resilience to economic volatility and proved the credibility of its business model and strategies. It gives me immense happiness to present before you the Annual Report and Financial Statements of Bank of Baroda for the year ended 31st March, 2012. It is appropriate at the outset to review the business environment within which your Bank operated during the year under consideration. Economic Review The year FY12 has been challenging for the Indian economy. After two years of a fairly robust growth of 8.4%, Indias GDP growth is estimated at 6.9% for FY12 by the Central Statistical Organisation, Government of India. While agriculture and services sectors maintained good growth momentum during FY12, industrial sector slowed down sharply, led by the contraction in mining and manufacturing segments. Capacity utilization rates in various infrastructure industries, especially in cement and thermal power sectors declined significantly during FY12. The Reserve Bank of Indias (RBI) monetary tightening continued with full vigour for most part of the year in response to the untamed inflationary pressures. The headline (WPI) inflation averaged around 8.8% for the full year. Gradually, high levels of inflation gave way to a slowdown in the growth. After the boom in capital inflows during FY11, rising global risk aversion and certain domestic concerns reduced the flows of capital. For instance, the portfolio inflows declined from US$ 32.2 billion in FY11 to US$ 18.9 billion in FY12. The rupee depreciated the most among major Asian currencies during calendar 2011 partly contributed by Indias widened current account deficit, primarily driven by high crude oil prices. Indias foreign exchange reserve position dwindled to US$ 295 billion by end-Mar, 2012 from a high of US$ 321 billion in early Sept, 2011. While the demand for non-food credit of scheduled commercial banks (SCBs), especially term loans remained lacklustre for most part of FY12, the deposit growth too decelerated in the fourth quarter of FY12 reflecting tight liquidity conditions. After raising the policy rate by 375 basis points, the RBI took a pause in Dec, 2011 citing rising downside risks to growth. Fragile economic environment, growing stresses on asset quality and depleting capital adequacy made several SCBs prefer government securities to commercial credit. During FY12, Indias fiscal deficit increased to 5.9% of GDP, much in excess of the targeted 4.6% due to increased fuel subsidies and employment creation schemes.
2011-12
In short, the year FY12 was marked by interplay of several external and internal economic issues that impinged significantly on local businesses, in general, and the banking sector, in particular. Bank of Baroda: Again Proved the Resilience of its Brand in FY12 Notwithstanding the challenging environment, your Bank was able to exploit the opportunities within the given environment and sustain its qualitatively superior performance during FY12. Your Bank posted a very healthy growth of 25.9% in its global business way above the banking industrys average performance. On the back of healthy growth of 17.2% in its Net Interest Income, the Bank recorded Net Profit growth of 18.0% despite adverse pressures on Net Interest Margins (NIMs). Your Banks Return on Average Assets (ROAA) at 1.24%, Capital Adequacy at 14.67% and Return on Equity at 19.04% again provided an eloquent testimony to the financial soundness of your Bank. Moreover, your Bank again proved its strength in the asset quality management by restricting its Gross NPA ratio at 1.53% and Net NPA ratio at 0.54% during FY12 one of the lowest in the large sized banking segment in India. Strategic initiatives during FY12 With the aim to strengthen its business foundations, your Bank undertook several strategic initiatives during FY12. After successfully migrating Data Centre to a new Data Centre in the Banks own premises, your Bank expanded its Disaster Recovery Centre during the year to ensure uninterrupted banking services. Your Bank took various technology initiatives like windows server virtualisation, desktop virtualisation and backup consolidation as green initiatives and also to improve Data Centres operational efficiency. Besides, your Banks wide network was migrated to new technology based on Multiprotocol Label Switching (MPLS) for improving uptime and on demand upgrade. The Enterprise Management System too was upgraded and new modules were deployed to effectively manage and monitor your Banks growing IT infrastructure. In order to provide superior internet banking experience to its customers, your Bank migrated the Core Banking System (CBS) to higher version with enhanced features. Additionally, various new modules like Fixed Assets Maintenance, Sales Tracker Module, Centralized Service Tax, Bank Realisation Certificate (eBRC) Module, Account Number Portability and Workflow Automation for New Pension Scheme, Swavalamban, were implemented during the year under review. All CBS branches of your Bank are enabled for interbank remittances through RTGS and NEFT which have also been interfaced with your Banks internet banking portal.
Your Bank continued to add more facilities under its Internet Banking channels. The Internet Banking -- Baroda Connect -- now provides speedy and secured facility to transfer funds to self, third party (within the Bank) and inter-bank. The SMS Alerts, RTGS/NEFT transactions are also provided in your Banks internet portal. The ASBA (Application Supported by Blocked Amount) functionality has been introduced in Baroda Connect for online subscription to Initial Public Offers (IPOs) and Follow-on Public Offers (FPOs) to facilitate application for equity shares. Your Bank added more facilities to the Mobile Banking channel through Baroda M-Connect viz. Balance Enquiry, Mini Statement, Linking of Multiple Accounts, Fund Transfer, Bill Payments, Ticket Booking, Shopping, Feedback/ Complaints etc. By 31st March 2012, your Banks ATM network expanded to 2,012. The ATM switch is now integrated with seven interchanges viz. National Switch NFS (NPCI), Visa, MasterCard, CBUAE (UAE), CBOMAN (Oman), Link (T&T), Paymark (New Zealand) to provide convenience to customers by increasing delivery points through ATMs. With a centralized depository application, your Banks branches are now equipped to provide depository services for both NSDL as well as CDSL. With Online Trading System, your Bank will be able to provide a complete suite of online services to customers for trading in instruments like equities, mutual funds, bonds and initial public offering (IPOs). Additionally, your Bank took several other IT related initiatives such as Internet Payment Gateway services for debit cards/credit cards, Cash Management System covering services like Receipt Management (Collections), Payment Management and Invoice Management (Receivable and Payable Management), Payment Messaging Solution (PMS) {that was implemented in 20 overseas territories and all authorised branches in India}, a grid based Cheque Truncation System (CTS) {implemented in NCR-New Delhi, Chennai, Coimbatore and Bangalore}, and initiation of an Automated Cheque Processing Centre (Inward & Outward) in Mumbai. Your Bank also implemented the Human Resource Networking for Employees Service with the objective of creating a central database of Bank employees for facilitating speedy decision-making, promotion and selection exercise as also for automating other HR process. Moreover, your Bank undertook measures to create Data Warehouse for providing flexible and interactive source of strategic information, Customer Relationship Management for better customer insight and uniform customer view across channels. During the year FY12, your Bank took some major initiatives in its Retail Banking segment. It launched the BarodaFirst Wealth Pack, a combo of two products namely BarodaFirst
2011-12
Agriculture lending. It identified 450 Thrust Branches across India to enhance Agriculture lending. As many as 22 area specific schemes were formulated to increase agricultural lending. During FY12, your Bank opened ten more Baroda Swarojgar Vikas Sansthan (BSVS), the institutes for training the youth and imparting knowledge and skills required for taking up self-employment ventures, taking the total number of BSVS to 46. Thus, each of the Banks Lead Districts has now a R-SETI as per the government guidelines. Moreover, Ajmer BSVS centre has been exclusively developed for women entrepreneurs. During FY12, 42,786 youth beneficiaries were trained out of which 25,791 have established selfemployment ventures. Out of the total 1,22,228 beneficiaries trained by these centers so far, 75,050 have established their self employment ventures. Your Bank opened 21 new Financial Literacy & Credit Counseling Centres (FLCC) christened as SARATHEE during the year under review, taking the total number of FLCCs to 39 as on 31st March 2012. The Micro, Small and Medium Enterprises (MSME) segment is a key source of economic growth and employment in India as in other parts of the world. Your Bank took several initiatives under MSME Business during the year under review. It opened ten New SME Loan Factories and eight New SME Specialized Branches during FY12. Also, your Bank introduced five new customer-centric area specific products to suit the local cluster needs. Bank introduced a new asset side product named as Baroda Channel Financing on a pilot basis. Your Bank sponsored workshop on Management Skills to Source Financing and Management of Technology by SMEs for entrepreneurs arranged by All India Management Association (AIMA) at Hyderabad, Ahmedabad and Jaipur. Your Bank even introduced Baroda Entrepreneur Awards for Micro & Small enterprises. Additionally, your Bank released a Booklet named as Practical guide to Becoming An Entrepreneur, inter alia, giving information on the Banks SME products and Frequently Asked Questions on Credit Guarantee Fund Trust For Micro And Small Enterprises (CGTMSE) scheme. Your Bank also signed a MoU with four different Credit Rating Agencies during FY12 for rating of SME accounts. Business and Financial Achievements in FY12 As described earlier, your Bank delivered another cheery performance during FY12 despite difficult economic environment. As in the past three years, your Banks performance on the business front was comfortably above the banking industrys average performance. Your Banks Global Business touched the mark of Rs 6,72,248 crore in FY12 posting a growth of 25.9% (y-o-y). In its Indian operations, its Deposits and Advances increased
2011-12
healthily by 20.1% and 19.3%, respectively. Your Banks Domestic Low-cost or CASA deposits grew by 15.9% (y-o-y) notwithstanding higher interest rates on retail term deposits and formed 33.2% share of the total Domestic Deposits in FY12. Your Banks Priority Sector Credit too recorded a decent growth of 19.5% during FY12 and formed 43.37% of its Adjusted Net Bank Credit (ANBC), comfortably surpassing the mandatory requirement of 40.0%. Your Bank posted a growth of 26.1% in its SME credit, 18.4% in Farm credit, 24.9% in Direct Agriculture credit and 10.0% in Retail credit reflecting a well-balanced growth across different sectors in tune with opportunities available within the system. During FY12, the Total Business of your Banks Overseas branches registered a robust growth of 44.6%. In Overseas Operations, your Banks Customer Deposits increased healthily by 40.4%, Total Deposits by 45.2% and Advances by 43.9%. Supported by steady and better than industry average spreads and a good pool of fee-based income, your Banks Gross Profit in Overseas operations posted a healthy growth of 48.5%. It may be noted that your Banks Overseas Business contributed 28.3% to its Global Business, 20.7% to Gross Profits and 34.0% to Core Fee-based Income. Besides, the Total Assets of the Banks Overseas Operations increased from Rs 91,273 crore to Rs 1,28,398 crore registering a growth of 40.7% during the year FY12. For the Bank as a whole, Gross Profits recorded a healthy growth of 23.6% to Rs 8,630.37 crore. Despite increased provisions, a stable momentum in Net Interest Income (NII), a good traction in non-interest income and a controlled growth of operating expenses raised your Banks Net Profit in FY12 by a rich 18.0% (y-o-y) to Rs 5,007 crore, much above the street expectations. While, NII increased by 17.2% (y-o-y), Other Income (or Non-Interest Income) grew by 21.8% (y-o-y), primarily driven by impressive treasury gains and strong recovery from the written off accounts. Despite an ongoing cyclical downturn, your Bank maintained one of the best asset qualities in the banking arena by the end of FY12. In line with its past record, your Bank succeeded in restricting its Gross NPAs to 1.53% and Net NPAs to 0.54% during FY12. The Banks Loan Loss Coverage Ratio (including technical write-offs) too stood at the pristine level of 80.05% as on 31st March 2012. In the domain of shareholders return and liquidity ratios, your Bank delivered better than its market guidance and maintained Return on Average Assets (ROAA) at 1.24%, Earnings per Share (EPS) at Rs 127.84 and the Book Value per Share (BVPS) at Rs 637.37. Furthermore, your Banks Cost-Income ratio sharply declined from the previous years level of 39.87% to 37.55%, reflecting its consistently improving earnings profile and a prudent control over
operating expenses. Your Banks Capital Adequacy Ratio under Basel-II reached a sound level of 14.67% comprising 10.83% as Tier-I capital ratio as on 31st March 2012 again one of the highest in the state-owned banking segment. Looking Forward While Indias growth remains relatively high in the global context, various factors, including the unsettled global outlook and domestic policy concerns, have weighed on investment. Inflation has started moderating primarily on account of a favourable statistical base giving way to a modest decline in lending rates. Growth for FY13 is projected between 7.0% and 7.3% by various noted agencies, while risks from slow progress on policy front, high & volatile inflation and the global situation remain on the downside. While your Banks overall business strategy during FY13 will evolve in response to the emerging macroeconomic environment, your Banks well capitalized balance-sheet and robust business model would, no doubt, enable it to sustain its consistent performance in the coming years also. During FY13, your Bank will continue to expand its market share in both deposits and advances by exploiting its geographic & strategic advantages and capital strength. As in the past, your Bank will focus on maintaining a high growth in domestic CASA deposits. Your Bank will leave no stone unturned in maintaining its asset quality in terms of low NPA ratios. Your Banks policy of maintaining healthy Provision Coverage Ratio year after year will certainly help it face any adverse economic situation with strength. It may be noted that for maintaining and further improving the asset quality of the credit portfolio, your Bank has put in place an effective mechanism for ensuring expeditious review of accounts, compliance of terms and conditions and up-gradation in credit ratings in high value advance accounts. Aided by its sustained high profitability, your Bank will continue to maintain sufficiently high CRAR and Tier 1 ratios in the coming years also. As your Bank has been maintaining healthy Capital Adequacy Ratio with common equity constituting around 93% of Tier I Capital as at end March 2012, its transition to Basel III regime would be extremely smooth. Human Resource strategies have been a key component of your Banks overall efforts for business transformation. Your Bank is already endowed with a competent and highly motivated employee base, yet it has initiated an innovative resourcing channel with Manipal Global Education Services. A newly set up Baroda Manipal School of Banking is expected to provide trained officers to your Bank, who shall be deployed against its specific requirements. During FY12, your Bank took several steps to revamp its existing HR processes, structures and policies in order to support its technology-led business transformation.
10
2011-12
To sustain sales growth, a new Sales Operating Model has been rolled out in certain identified branches of your Bank. Your Bank has started opening Mid-corporate branches to ensure focused credit dispensation to this specific segment of wholesale business. Further centralization initiatives are going to be piloted soon to enable these branches to become a Sales-cum Service Outlet. Your Banks consistent and stable performance across all business and financial parameters and superior leadership has earned it the approval of various national and international organizations during FY12. Amongst several awards, in particular, your Bank has received the awards like Best Public Sector Bank (PSB) by CNBC-TV18 & MCX; the Golden Peacock Award for Excellence in Corporate Governance by the Institute of Directors & World Forum for Corporate Governance in London; the Dainik Bhaskar India Pride Award for 2011; the Most Efficient Bank in Kenya; the Best Initiatives in Inclusive Banking FIBC Banking Award; the Dun & Bradstreets Leading PSB in Global Business Development Category, the National Award for Performance under the SME Business; the Award for Best Utilisation of Intellectual Resources; the Best Growing Large Bank by the Business World-PWC; the Business Leadership Award by NDTV- Best PSB in 2011; the Award for Excellence in Financial Reporting by the ICAI in PSB category; the Fastest Growing Large Bank by Business World-PWC; the UTV-Bloomberg Financial Leadership Award and the FM Stars Industry Brand Leadership Award. Furthermore, your Banks Brand Ranking increased by 47 notches in just a years time in the Top 500 Banking Brands by The Banker, London during FY12. Your Bank wishes to protect its superior performance in the year FY13 also to earn awards for exceptional performance. So, it will try to maintain its position in terms of sound financial health, service excellence, strong corporate governance, desirability as an employer and solid contributions to national development. In all its core businesses, your Bank has put strategies in place that seek both to address near-term challenges and to seize opportunities to strengthen its platform for the future. In this exciting journey of your Bank, I solicit your continued support and patronage.
11
2011-12
veesefme /
NOTICE
yeQke Dee]@He ye[ewoe BANK OF BARODA HeOeeve keeee&uee : ceeb[Jeer, Je[esoje- 390 006
Corporate Office: Baroda Corporate Centre,C-26, G Block, Bandra Kurla Complex, Bandra (East), MUMBAI 400 051 (Website: www.bankofbaroda.com)
keeheexjs keeee&uee : ye[ewoe keeheexjs meWj, meer-26, peer yuee@ke, yeebe keguee& keecheueskeme, yeebe (hetJe&), cegcyeF& - 400 051.
Sleodeje metefele efkeee peelee nw efke yeQke Dee@]He ye[ewoe kes MesejOeejkeeW keer 16JeeR Jeee|<eke meeceeve yew"ke mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej mesJee meove, yeQke Dee@]He ye[ewoe Meleeyoer Je<e& (2007-2008), erheer-1, SHeheer.549/1, peerF&yeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, Dekeese-Je[esoje-390 020 ceW iegJeej efo.28 petve, 2012 kees heele: 10.30 yepes Deeeesefpele nesieer. FmeceW efvecveefueefKele keejesyeej mebeeefuele neWies 1. yeQke kee 31 ceee&, 2012 kes leguevehe$e, 31 ceee&, 2012 kees meceehle Je<e& kes ueeYe-neefve uesKee, uesKeeW ceW meceeefnle DeJeefOe kes keee&efve<heeove leLee keee&keueeheeW hej efveosMeke ceb[ue keer efjhees& Deewj legueve-he$e SJeb uesKeeW hej uesKeeW hejer#ekeeW keer efjhees& hej efJeeej-efJeceMe&, Devegceesove Je FvnW mJeerkeej kejvee. Je<e& 2011-12 kes efueS ueeYeebMe keer Iees<eCee kejvee.
NOTICE is hereby given that the 16th ANNUAL GENERAL MEETING of the shareholders of BANK OF BARODA will be held on Thursday, 28th June 2012 at 10.30 a.m. at Sir Sayajirao Nagargriha, Vadodara Mahanagar Seva Sadan, Bank of Baroda Centenary Year (2007-2008), T.P. - 1, F.P. 549/1, Near GEB Colony, Old Padra Road, Akota, Vadodara 390020, to transact the following business: 1. To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March 2012, Profit and Loss Account for the year ended 31st March, 2012, the report of the Board of Directors on the working and activities of the Bank for the period covered by the accounts and the Auditors Report on the Balance Sheet and Accounts. To declare dividend for the year 2011-12.
2.
2.
12
2011-12
efHHeefCeeeb / NOTES
1. Hee@kemeer keer efveegefkele yew"ke ceW Yeeie uesves Deewj cele osves kes efueS hee$e MesejOeejke yew"ke ceW Yeeie uesves Deewj cele osves kes efueS Deheves mLeeve hej heek@ emeer efveege kej mekesiee /mekesieer (yeQke kes efkemeer DeefOekeejer DeLeJee kece&eejer kes DeueeJee efkemeer Deve kees) Deewj en DeeJeMeke veneR nesiee efke efveege heek@ emeer yeQke kee Mesej Oeejke nes. heek@ emeer kee keesF& Yeer efJeuesKe leYeer JewOe ceevee peeSiee, peye Jen Jeee|<eke efjhees& kes meeLe Yespes ieS Heece& "yeer" ceW Yeje ieee nes. Ge heek@ emeer leYeer heYeeJeer ceeveer peeSieer eefo en yew"ke keer leejerKe mes kece mes kece 4 efove hetJe& DeLee&le MeefveJeej, 23 petve, 2012 kees oeshenj 2.00 yepes leke ee Gmemes hetJe& yeQke Dee@H] e ye[ewoe, kesJeeemeer SC[ SSceSue efJeYeeie, 8Jeeb leue, metjpe hueepee-l , meeepeeriebpe, ye[ewoe-390 005 eqmLele heOeeve keeee&uee ceW heehle nes peeSieer Deewj Fmekes meeLe cegKleejveecee DeLeJee Deve heeefOekeej he$e, eefo nes, efpemekes DeOeerve Fmes nmlee#eefjle efkeee ieee nw ee cegKleejveecee DeLeJee heeefOekeej he$e keer heele pees efke veesjer heeqyueke f DeLeJee ceefpem^ eje meleheele kes he ceW meleeefhele nes, kees Yeer meeLe ceW Yespee s f peeSiee, eefo Ge cegKleejveecee DeLeJee Deve heeefOekeej he$e hetJe& ceW yeQke ceW pecee Deewj hebpeerke=le ve efkeee ieee nes.
2. 1. Appointment of Proxy A SHAREHOLDER ENTITLED TO ATTEND AND VOTE AT THE MEETING IS ENTITLED TO APPOINT A PROXY (OTHER THAN AN OFFICER OR AN EMPLOYEE OF THE BANK) TO ATTEND AND VOTE INSTEAD OF HIMSELF/HERSELF AND THE PROXY NEED NOT BE A SHAREHOLDER OF THE BANK. No instrument of Proxy shall be valid unless it is in Form B as annexed in the Annual Report. The Proxy, in order to be effective, must be received at Head Office situated at Bank of Baroda, KYC & AML Department, 08th Floor, Suraj Plaza I, Sayajiganj, Vadodara 390 005 not less than four days before the date of meeting i.e. on or before the closing hours of the Bank at 2.00 p.m. on Saturday, 23rd June 2012, together with the Power of Attorney or other authority, if any, under which it is signed or a copy of that Power of Attorney or other authority certified as a true copy by a Notary Public or a Magistrate unless such Power of Attorney or other authority has been previously deposited and registered with the Bank. Appointment of Representative No person shall be entitled to attend or vote at the meeting as a duly authorized representative of a Company unless a copy of the resolution appointing him as a duly authorized representative, certified to be true copy by the Chairman of the meeting at which it was passed shall have been deposited at the Head Office of the Bank at the address given above, not later than four days before the date of meeting i.e. on or before the closing hours of the Bank at 2.00 p.m. on Saturday, 23rd June 2012. 3. Attendance Slip-Cum Entry Pass For convenience of the Shareholders, Attendance Slipcum-Entry Pass is annexed to this Notice. Shareholders are requested to fill-in and affix their signatures at the space provided therein so as to save time and hand over the same at the venue of the Meeting. Proxy / Representative of the shareholder should state on the attendance slip as "Proxy" or "Representative", as the case may be. 4. Closure of Register of Shareholders The Register of Shareholders and Share Transfer Books of the Bank will remain closed from 16th June 2012 to 28th June 2012 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend for the year 2011-12. 5. Payment of Dividend The Board of Directors of the Bank in its meeting held on 4th May 2012 has recommended dividend @ Rs. 17/(Rupees Seventeen only) per equity share of Rs.10/- each fully paid up, for the financial year ended 31st March 2012. Dividend as recommended by the Board of Directors and approved at the 16th Annual General Meeting will be paid as under:
2.
HeefleefveefOe keer efveegefkele keesF& Yeer Jeefe efkemeer kebheveer kes efJeefOeJele heefleefveefOe kes he ceW yew"ke ceW Yeeie uesves DeLeJee Jees osves kes efueS leye leke hee$e veneR nesiee peye efke Gmes Ske eLeeefJeefOe heeefOeke=le heefleefveefOe kes he ceW efveege kejves mebyebOeer mebkeuhe keer Ske heefle, efpemes Gme yew"ke, efpemeceW en heeefjle efkeee ieee Lee, kes DeOe#e eje Ske mele heefleefueefhe kes he ceW DeefYeheceeefCele efkeee ieee nes, yew"ke keer leejerKe mes 4 efove hetJe& DeLee&le MeefveJeej, 23 petve, 2012 kees oeshenj 2.00 yepes ee Fmemes henues yeQke kes heOeeve keeee&uee ceW Ghejese heles hej pecee ve kej efoee ieee nes.
3.
GHeefmLeefle - Heeea men HeJesMe He$e MesejOeejkeeW keer megeJeOee nsleg Fme efjhees& kes meeLe GheeqmLele heeea men heJesMe he$e f mebueive nw. MesejOeejkeeW mes DevegjesOe nw efke GheeqmLeefle heeea Yejkej Deewj GmeceW oMee&S ieS mLeeve hej Deheves nmlee#ej kejkes, Fmes yew"ke mLeue hej meeQhe oW. @ MesejOeejke kes heekemeer /heeleefveefOe kees GheeqmLeefle heeea hej eLeeeqmLeefle "heekemeer" @ f ee "heeleefveefOe" pewmeer Yeer eqmLeefle nes, Debekele kejvee eeefnS. f f
4.
MesejOeejke - jefpemj kee yebo nesvee yeQke kes MesejOeejkeeW kee jefpemj leLee Mesej DeblejCe jefpemj 16 petve, 2012 mes 28 petve, 2012 leke (oesveeW efove meefnle) Jeee|<eke meeceeve yew"ke leLee Je<e& 2011-12 kes ueeYeebMe Yegieleeve kejves kes GsMe mes yebo jnsiee.
5.
ueeYeebMe kee Yegieleeve yeQke kes efveosMeke ceb[ue ves 4 ceF&, 2012 kees Deeeesefpele Deheveer yew"ke ceW 31 ceee&, 2012 kees meceehle efJeeere Je<e& kes efueS hetCe& heoe heleske .10/- kes HetCe& eolle Mesej kes efueS .17/- (heS me$en cee$e) keer oj mes ueeYeebMe mebmlegle efkeee nw. efveosMeke ceb[ue eje mebmlegle leLee 16JeeR Jeee|<eke meeceeve yew"ke ceW Devegceesefole ueeYeebMe kee Yegieleeve efvecveevegmeej efkeee peeSiee.
13
2011-12
Ke)
15 petve, 2012 kees keejesyeej mecee keer meceeeqhle hej vesMeveue efmekeetefjerpe ef[hee@efjer efueefces[ (SveSme[erSue) Deewj meW^ue ef[hee@ efpejer mee|Jemesme (Fbef[ee) efue. (meer[erSmeSue) eje GheueyOe kejeS ieS Deebke[s kes Devegmeej Fueske^e@efveke he ceW Oeeefjle MesejeW kes mebyebOe ceW meYeer ueeYeeLeea MesejOeejkeeW kees. 15 petve, 2012 kees keejesyeej mecee keer meceeeqhle kees ee Fmemes hetJe& yeQke / yeQke kes jefpem^ej Deewj Mesej DeblejCe SpeW DeLee&le cesmeme& keeJeea kebhetjMesej hee.efue.nwojeyeeo (DeejerS) kes heeme ope& Mesej nmleeblejCe DevegjesOe kes mebyebOe ceW JewOe nmleevlejCe heYeeJeer kejves kes heeeled Yeewefleke he ceW Oeeefjle MesejeW kes mebyebOe ceW meYeer meomeeW kees. 16JeeR Jeee|<eke meeceeve yew"ke keer leejerKe mes 30 efove kes Deboj hee$e MesejOeejkeeW kees ueeYeebMe efJeleefjle efkeee peeSiee.
6.
a)
To all beneficial owners in respect of shares held in electronic form as per the data as may be made available by the National Securities Depository Limited (NSDL) and the Central Depository Services (India) Limited (CDSL) as of the close of the business hours on 15th June 2012. To all the members in respect of shares held in physical form after giving effect to valid transfers in respect of transfer requests lodged with the Bank / Banks Registrar and Share Transfer Agent i.e. M/s Karvy Computershare Private Limited, Hyderabad (RTA) on or before the close of business hours on 15th June 2012. The dividends will be distributed to the eligible shareholders within 30 days from the date of the 16th Annual General Meeting. Members holding shares in electronic form are hereby informed that bank particulars registered against their respective depository account will be used by the Bank for payment of dividend. The Bank or its Registrar and Share Transfer Agent can not act on any request received directly from the members holding shares in electronic form for any change of bank particulars or bank mandates. Such changes are to be advised only to the Depository Participant of the Members. Members holding shares in physical form are requested to advise any change of address immediately to the Banks Registrar and Share Transfer Agent, i.e. M/s Karvy Computershare Private Limited, Hyderabad. Members holding shares in electronic form must send the advice about change in address to their respective Depository Participant only and not to the Bank or Banks Registrar and Share Transfer Agent. Members are requested to invariably quote their respective folio number/s (for those holding shares in physical form) and their respective DP Id / Client Id number (for those holding shares in electronic form) in any correspondence with the Bank or Banks Registrar and Share Transfer Agent.
b)
ie) 6.
c)
[eke Helee / ueeYeebMe DeefOeosMe ceW HeefjJele&ve ke) Fueske^e@efveke he ceW Mesej jKeves Jeeues meomeeW kees Sleodeje metefele efkeee peelee nw efke Gvekes mebyebefOele ef[heeefpejer Keeles ceW hebpeerke=le yeQke efJeJejCeeW kees yeQke eje ueeYeebMe kee Yegieleeve kejves kes efueS Gheeesie ceW ueeee peeSiee. yeQke DeLeJee Fmekee jefpem^ej Deewj Mesej nmleeblejCe SpeW, Fueske^e@efveke he ceW Mesej jKeves Jeeues meomeeW kes meerOes ner heehle Ssmes efkemeer DevegjesOe hej keee&Jeener veneR kejsiee pees yeQke efJeJejCeeW DeLeJee yeQke ceW[s mes mebyebefOele neWies. Ssmes heefjJele&veeW keer metevee kesJeue meomeeW kes ef[hee@efpejer menYeeieer kees ner oer peeveer eeefnS. Ke) Yeewefleke he ceW Mesej jKeves Jeeues meomeeW mes DevegjesOe nw efke eefo Gvekes heles ceW keesF& heefjJele&ve nes lees Fmekeer metevee lelkeeue yeQke kes jefpem^ej Deewj Mesej nmleeblejCe SpeW DeLee&le cesmeme& keeJeea kebhetjMesej hee.efue.nwojeyeeo kees oW. Fueske^e@efveke he ceW Mesej jKevesJeeues meomeeW kees Deheves heles ceW efkemeer hekeej kes heefjJele&ve keer metevee DeJeMe ner Deheves mebyebefOele ef[hee@efpejer menYeeieer kees osveer eeefnS. yeQke DeLeJee yeQke kes jefpem^ej Deewj Mesej nmleeblejCe SpeW kees metevee osves keer DeeJeMekelee veneR nw. meomeeW mes DevegjesOe nw efke Jes yeQke DeLeJee yeQke kes jefpem^ej Deewj Mesej nmleeblejCe SpeW kes meeLe efkemeer Yeer hekeej kes he$e-JeJenej ceW Deheves mebyebefOele Heesefueees vebyej (Gvekes efueS, efpevekes heeme Mesej Yeewefleke he ceW nw) Deewj Dehevee [erheer DeeF&[er/ieenke DeeF&[er vebyej (Gvekes efueS, efpevekes heeme Mesej Fueske^e@efveke he ceW nQ) kee GuuesKe DeJeMe kejW.
b)
ie)
c)
7.
Consolidation of Folios The Members holding shares in physical form in identical order of names in more than one account are requested to intimate to the Banks Registrar and Share Transfer Agent, the ledger folio of such accounts together with the share certificates to enable them to consolidate all the holdings into one account. The share certificates will be returned to the members after making necessary endorsement in due course.
7.
Heesefueees kee meceskeve efpeve MesejOeejkeeW kes heeme Ske mes DeefOeke Keeles ceW Deheves mecehe veece mes Mesej nQ, Gvemes DevegjesOe nw efke Jes yeQke kes jefpem^ej SJeb DeblejCe SpeW kees Mesej heceeCe-he$eeW kes meeLe Ssmes KeeleeW kes efueS uespej Heesefueees keer metevee oW leeefke Jes Ske Keeles ceW meYeer Oeeefjle MesejeW kee meceskeve kej mekes. he=ebkeve mebyebOeer DeeJeMeke keej&JeeF& kejves kes yeeo meomeeW kees Mesej heceeCe he$e eLeemecee ueewe efoS peeSbies. Yeewefleke he ceW Mesej Oeeefjlee kee DeYeeweflekeerkejCe Yeeweleke he ceW Mesej jKevesJeeues MesejOeejke Deheveer Mesej Oeeefjlee kee f DeYeewelekeerkejCe kej mekeles nQ, Fmekes efueS GvnW Deheves Gme mebyebeOele f f ef[hee@epejer menYeeieer mes mebheke& kejvee eeefnS peneb Gvekee Dehevee [erces Keelee nw. f
8.
8.
Dematerialization of Physical holdings The Shareholders who are holding shares in physical mode may convert their holdings in dematerialized form, for which they may contact their respective Depository Participant, where they maintain their respective de-mat account.
14
2011-12
Share Certificate along with transfer deed should be forwarded to the Banks Registrar and Share Transfer Agent at the following address. M/s Karvy Computershare Private Ltd., (Unit :- BANK OF BARODA) Plot No. 17-24, Vithalrao Nagar, Near Image Hospital, Madhapur, Hyderabad 500 081 Phone No. 040 2342 0815 to 820, Fax No. 040 2342 0814 E- mail : einward.ris@karvy.com 10. Unclaimed Dividend, if any The Shareholders who have not encashed their dividend warrants for the previous years are advised to approach the Banks Registrar and Share Transfer Agent at aforesaid address or at Banks Investors Services Deptt. at Mumbai on the following address : Investors Services Deptt Bank of Baroda, 1st Floor, Baroda Corporate Centre, C-26, G-Block, Bandra Kurla Complex, Bandra (E), MUMBAI - 400 051. E-mail - investorservices@bankofbaroda.com Shareholders are requested to carefully note that pursuant to amendment in Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 vide The Banking Companies (Acquisition and Transfer of Undertakings) And Financial Institutions Laws (Amendment) Act, 2006, Public Sector Banks are required to transfer amount remaining unpaid/unclaimed in dividend accounts of earlier years on the commencement of the aforesaid Act, and also dividend declared after the commencement of the said Act, to Unpaid Dividend Account. The amount transferred to the said Unpaid Dividend Accounts and remaining unclaimed/unpaid for a period of seven years from the date of transfer, is required to be transferred to the Investors Education and Protection Fund established under sub-section (I) of section 205 C of the Companies Act, 1956, which shall be used for the purpose and in the manner specified in section 205 C of the Companies Act, 1956 and thereafter no claim for payment shall lie in respect thereof to the Bank or the Fund. 11. Request to Members Please note that copies of the Annual Report will not be distributed at the Annual General Meeting and hence members are requested to bring their copies of the Annual Report at the meeting.
meele Je<e& keer DeJeefOe es DeoeJeeke=le/Deheoe jeefMe kees kebheveer DeefOeefveece, 1956 keer Oeeje 205 (meer) keer Ghe Oeeje (I) kes Debleie&le mLeeefhele efveJesMeke efMe#ee Deewj mebj#eCe efveefOe ceW Debleefjle efkeee peevee Dehese#ele nw. Fme jeefMe kee Gheeesie f kebheveer DeefOeefveece, 1956 keer Oeeje 205 meer kes Debleie&le GequueefKele GsMe mes leLee eLeeefJeefOe efkeee peeSiee Deewj Gmekes heeele Fme mebyebOe ceW Yegieleeve kes efueS keesF& oeJee yeQke kees ee efveefOe kees hemlegle veneR efkeee peeSiee. 11. meomeeW mes DevegjesOe ke=heee vees kejW efke Jeee|<eke meeceeve yew"ke ceW Jeee|<eke efjhees& keer heefleeeb efJeleefjle veneR keer peeSbieer. Dele: meomeeW mes DevegjesOe nw efke Jes yew"ke ceW Jeee|<eke efjhees& keer heefle meeLe ueskej DeeSb.
15
2011-12
Deehekes efveosMekeieCe yeQke keer 104JeeR Jeee|<eke efjhees& kes meeLe 31 ceee&, 2012 kees
.2,959.73 kejes[ jne. yeQke ves .1,569.89 kejes[ kes iewj Deeyebele Keex f Ieeves Deewj .1,018.84 kejes[ kee kejeW kes efueS heeJeOeeve kejves kes yeeo .5,006.96 kejes[ kee kej heeele ueeYe (heerSer) Dee|pele efkeee.
keee&efve<heeove
ueeYeebMe yeQke kes efveosMekeeW ves 31 ceee&, 2012 kees meceehle Je<e& kes efueS .17 heefle Mesej kee (.10/- kes Debefkele cetue hej) ueeYeebMe hemleeefJele efkeee nw. FmeceW kej meefnle ueeYeebMe kes he ceW kegue Jee .812.29 kejes[ nesiee. hetbpeer heee&hlelee Devegheele yeQke kee hetbpeer heee&hlelee Devegheele keeHeer Dee nw SJeb 31 ceee&, 2012 kees en yeemesue ii kes Debleie&le 14.67% nw. 31 ceee&, 2012 kees yeQke keer Meg ceeefueele .26,203.67 kejes[ jner. FmeceW egkelee hetbpeer .412.38 kejes[ Deewj heejef#ele efveefOe (hegvecet&ueebkeve efveefOe kees es[kej) .25.791.29 kejes[ Meeefceue nw. .4,194.67 kejes[ keer jeefMe Dee|pele ueeYe ceW mes heejef#ele efveefOe ceW Debleefjle keer ieeer. mesJeeefveJe=efe leLee Deve ueeYeeW kes efueS eeJeOeeve Je<e& 2012 kes oewjeve yeQke ves Gheoeve ceW DebMeoeve kes he ceW (.145.63 kejes[), heWMeve efveefOe kes he ceW (.671.88 kejes[), DeJekeeMe vekeoerkejCe kes he ceW (.93.46 kejes[) leLee Deefleefje mesJeeefveJe=e ueeYe kes he ceW (.80.97 kejes[) keer jeefMe kee Gheee DeeOeej hej heeJeOeeve efkeee nw. Fve eejeW esefCeeeW ceW heeJeOeeve keer kegue jeefMe efJeeere Je<e& 2012 kes oewjeve .991.94 kejes[ jner peyeefke efJeeere Je<e& 2011 kes oewjeve en heeJeOeeve jeefMe .1160.42 kejes[ Leer. ceee&, 2012 kes Deble ceW yeQke kes heeme Fve Meer<eeX kes lenle GheueyOe kegue DeeOeejYetle efveefOe Fme hekeej Leer: .1,416.85 kejes[ (Gheoeve), .5,935.62 kejes[ (heWMeve efveefOe), .566.01 kejes[ (DeJekeeMe vekeoerkejCe) leLee .446.62 kejes[ (Deefleefje mesJeeefveJe=efe ueeYe). ecegKe efJeeere Devegheele
efJeeere Je<e& 12 1.24 5.64 8.55 3,47,223.21 3,43,397.26 2.97 37.55 637.37 127.84 efJeeere Je<e& 11 1.33 4.67 7.76 2,82,109.79 2,80,098.94 3.12 39.87 504.43 116.37
16
2011-12
Gmemes mebyebefOele pewmes meesves Je eeboer kes Yeejleere Deeeele keer ueesenerve mJeHe keer legueveelceke keerceleW Yeer hecegKe keejke jneRr. efJeeere Je<e& 12 ceW Yeejle kee eeuet Keelee Ieee mekeue Iejsuet Glheeo kee 4% leke nesves keer mebYeeJevee nw. efJeeere Je<e& 11 ceW SHeDeeF&DeeF& (efJeosMeer mebmLeeiele efveJesMe) kee yengle peeoe heJeen nesves kes yeeo efJeeere Je<e& 12 ceW ye{les ngS Jewefeke peesefKece efJecegKelee Je Iejsuet veerefleeeW keer efeblee kes keejCe SHeDeeF&DeeF& heJeen 43.0% (Je<e&-ojJe<e&) kece neskej 16.8 efyeefueeve etSme [euej nes ieee. en efJeosMeer mebmLeeiele efveJesMekeeW kee efheues 3 Je<eeX ceW meyemes kece efveJesMe Lee. efJeeere Je<e& 12 ceW Yeejleere S[erDeej Je peer[erDeej ceW Yeer efveJesMe kece neskej 597 efceefueeve etSme [euej jn ieee. leLeeefHe efJeeere Je<e& 12 ceW Yeejle ceW hele#e efJeosMeer efveJesMe 46.8 efyeefueeve etSme [euej ngDee peesefke 34.0% (Je<e&-oj-Je<e&) Je=ef Leer. Fmekee ese Jesoeblee DeLeJee efyeefMe yeerheer pewmes ye[er kebheefveeeW kees ner peelee nw. efJeeere Je<e& 12 kes henues eej cenerveeW ceW meeceeve he ceW Yeejleere hees ceW efiejeJe Deiemle, 2011 kes Debeflece mehleen mes efomebyej, 2011 kes ceOe leke etSme [euej keer leguevee ceW 18.3% jner. Fmeer hekeej Yeejleere efj]peJe& yeQke Je mejkeej eje efkeS ieS GheeeeW mes efJeefvecee oj eqmLej jner. Fve GheeeeW kee GsMe efJeosMeer yeepeej ceW [euej keer Deehete|le ye{evee leLee mesyeepeer kees kece kejvee Lee. efJeeere Je<e& 12 ceW kej keer kece heeeqhle, Kejeye efJeefveJesMe eeefHleeeb Deewj Deveg<ebefieeeW ceW DeleefOeke Kee& kes keejCe kesvere mejkeej kee jepemJe Ieee 4.6% kes ue#e keer leguevee ceW 5.9% nes ieee. Fmeer OeejCee kees efJeeere Je<e& 13 ceW Deeies ye{eles ngS Yeejleere efj]peJe& yeQke ves DeHeves Jeeef<e&ke ceeweqke veerefleiele JekeleJe ceW megOejles Jeweqeke HeefjMe leLee Iejsuet efveJesMe meWerceW ceW megOeej keer mebYeeJevee kes Heefjes#e ceW meeceeve ceevemetve kee Devegceeve ueieeles ngS yesmeueeFve mekeue Iejsuet GlHeeo ceW 7.3% keer Je=eq keer mebYeeJevee Jekele keer nw. leLeeefhe cegemHeerefle Yeejleere efj]peJe& yeQke kes megefJeOeepeveke mlejmes DeefOeke jnsieer Deewj Fmekes 6.5% nesves keer mebYeeJevee nw. pewmee efke Je<e& 2013 kes kesvere yepe ceW mebkesle efkeee ieee nw efke jepekees<eere megOeej leLee efJeeere Je<e& 2013 kes Deve veerefleiele megOeejeW kes meeLe-meeLe ke=ef<e, Tpee& Je heefjJenve #es$eeW ceW megOeej kes HeuemJehe efveJesMeiele ieefleefJeefOeeeW ceW megOeej nesves keer mebYeeJevee nw.
efJeeere Je<e& 12 ceW Yeejleere yeQeEkeie #es$e kee keee& efve<heeove Je efJeeere Je<e& 13 keer keee& mebYeeJeveeSb
ye{er ngF& cegemHeerefle, yeepe ojeW Deewj Deehete|le ceW keeJeeW keer ienvelee kes keejCe efomecyej, 2010 mes Yeejle kes JeeefCeeqpeke yeQkeeW kes $e+Ce #es$e ceW vekeejelceke Je=ef ope& ngF&. yeQke $e+Ce ceW efJeeere Je<e& 2012 ceW 19.3% keer Je=ef Deewj Deewmele peceejeefMe ceW 17.4% keer Je=ef ope& ngF&. eeefhe efJeeere Je<e& 12 keer henueer leerve efleceeefneeW ceW $e+Ce Deewj peceejeefMeeeW ceW Deblejeue yengle kece jne uesefkeve efJeeere Je<e& 12 keer eewLeer efleceener ceW peceejeefMeeeW keer Je=ef ceW peeoe efiejeJe kes keejCe en Deblejeue yengle peeoe nes ieee. Fmemes efJeeere Je<e& 12 keer eewLeer efleceener ceW JeeefCeefpeke yeQkeeW keer efveYe&jlee efJee kes iewj pecee jeefMe eesleeW (GOeeefjeeb) hej peeoe nes ieF&. eeefHe yeQke $e+Ce Je=eq ceW keceer meYeer #es$eeW pewmes ke=ef<e, Geesie, mesJee Je Jeefeiele $e+CeeW ceW ngF&, leLeeefhe Yeejleere efj]peJe& yeQke kes [ee ceW en GuuesKe
17
2011-12
efkeee ieee nw efke en efiejeJe cetuele: ke=ef<e, efjeue Fms, nesue, jsmesjW, JeJemeeefeke mesJeeSb, sueer kecetefvekesMeve, Tpee&, meerceW, skemeeFue, ueewn Je Fmheele Je Deve Jeweefeke Jeenve $e+CeeW ceW DeefOeke Heefjueef#ele ngF&. keeheexjs #es$e ceW ye{lee oyeeJe keeheexjs $e+Ce ceW yengle DeefOeke Geue kes He ceW Heefjueef#ele ngDee, efpemes efJeeere Je<e& 12 kes oewjeve keeheexjs $e+Ce hegvemejevee ke#e kes eje hegvemejefele efkeee ieee. Yeejleere efj]peJe& yeQke kes Devegmeej Yeejleere yeQeEkeie #es$e meeceevele: efJeeere Je<e& 12 ceW Deee|Leke heefjJesMe ceW heefleketue eeve keer mebYeeJeveeDeeW mes yeeves kes efueS peesefKece mes yeelee jne. Yeejleere efj]peJe& yeQke keer efjhees& kes Devegmeej Yeejleere yeQeEkeie Geesie kee mekeue iewj efve<heeoke Deeeqmle Devegheele ceW ceee&, 2011 kes Deble mes ueskej efomebyej, 2011 kes Deble leke 59 cetue DeeOeejeEyeog (yeerheerSme) nes ieee Deewj ueieeleej Deee|Leke oyeeJe Deewj peesefKece DeeOeeefjle Deeeqmle Devegheele (meerDeejSDeej) ceW hetbpeer kes keejCe Deehekes yeQeEkeie Geesie ceW Gheeg&e DeJeefOe kes oewjeve 91 yeerheerSme nes ieee. Fve keejkeeW ves efJeeere Je<e& 12 kes oewjeve yeQeEkeie #es$e ceW $e+Ce efJemleej hej vekeejelceke heYeeJe [euee, efpemekes heefjCeecemJehe yeQke kes Deeeqmle mebefJeYeeie mes efveJesMe mejkeejer heefleYetefleeeW keer Deesj ngDee. mebHetCe& efJeeere Je<e& 12 kes oewjeve vekeoer keer eqmLeefle ueieeleej keceer keer jner leLeeefhe veJebyej 2011 keer MegDeele ceW vekeoer keceer kegue ceebie Deewj meceeye oseleeDeeW (Sve[ererSue) kes 1% (+)/(-) kes Devegketue mlej mes Yeer kece jne efpemekes heefjCeecemJehe Yeejleere efj]peJe& yeQke ves cege yee]peejiele heefjeeueve kes he ceW cetue vekeoer kees heJeeefnle kejves Deewj vekeo Deejef#ele Devegheele ceW keewleer (peveJejer-ceee& 2012 kes oewjeve 125 yeerheerSme) kejves pewmes keoce G"eS. Fmekes heefjCeecemJehe vekeoer heJeen keeHeer no leke menpe nes mekee. efJeeere Je<e& 13 ceW Yeejleere efj]peJe& yeQke ves meceie mekeue Iejsuet Glheeo ceW 7.3% keer Je=ef Deewj cege Deehete|le ceW 15.0% keer Je=ef kees Oeeve ceW jKeles ngS, JeeefCeefpeke yeQkeeW keer Deewmele peceejeefMe ceW 16.0% Deewj iewj Keee $e+Ce ceW 17.0% keer Je=ef Deekeefuele keer. yeQkeeW ceW heefleketue Deee|Leke heefjJesMe kes yeeJepeto Yeer efJeeere Je<e& 13 ceW yesnlej hetbpeer DeeOeej, meblegefuele $e+Ce meeqcceeCe, mLeeeer efveJeue yeepe ceee|peve (SveDeeF&SceSme) Deewj kece Je=efMeerue yekeeee Devegheele kes keejCe Deee ceW DeefOeke Je=ef nesves keer mebYeeJevee nw.
mJehe kees keeee&eqvJele kejves kes oeefelJe Je DeefOekeej nQ. keee&heeuekeeW keer peesefKece heyebOeve meefceefle Deewj efveosMeke ceb[ue keer peesefKece heyebOeve meefceefle Deehekes yeQke ceW meIeve peesefKece heyebOeve heefleeeW kees ueeiet kej jner nw. efveosMeke ceb[ue keer SSueSce (Deeeqmle oselee heyebOeve) keer Ghe meefceefle Deewj peesefKece heyebOeve heYeeie efJeeere peesefKece mebyebOeer ceeceueeW kes yeejs ceW efveosMeke ceb[ue keer meneelee kejlee nw. Deehekes yeQke ceW hetCe& peesefKece heyebOeve efJeYeeie nw efpemekes heYeejer ceneheyebOeke nQ Deewj efpemeceW eesie, heefMeef#ele Deewj DevegYeJeer kece&eeefjeeW keer erce nw. Deehekes yeQke ves peesefKece heyebOeve ceW efvecve keeeeX keer osKejsKe kejves kes efueS Ge keee&heeuekeeW keer Ske meefceefle kee ie"ve efkeee nw. Deeeqmle oselee heyebOeve meefceefle (SSuemeerDees) efveCe&e uesves keer FkeeF& nw pees peesefKece heefleHeue yeepe ojeW kes jCeveereflehejke heyebOeve Deewj lejuelee peesefKece kes heefjhes#e ceW legueve he$e kes Deeeespeve kes efueS efpeccesoej nw. Deve JeJemeeefeke ceeceueesb kes meeLe meeLe peceejeefMeeeb Je DeefieceeW kes Glheeo cetueefveOee&jCe, Je=efMeerue Deeeqmleeeb Deewj oseleeDeeW keer Sseqke heefjhekeJelee eesHeeFue Deeefo hej Yeer efJeeej kejleer nw. en Deeeqmle oseleeDeeW kes Demeblegueve kes yeejs ceW Yeer keee&veerefle lee kejleer nw. $e+Ce veerefle meefceefle (meerheermeer) hej efJeefYeVe GeceeW hej nesves Jeeueer $e+Ce peesefKece keee&veerefleeeb, efpeveceW $e+Ce veerefleeeb yeveevee Deewj Gvnsb keeee&eqvJele kejvee Meeefceue nQ, Deewj Fme meefceefle Hej Deehekes yeQke ceW peesefKece $e+Ce heyebOeve keeeeX kees efveeefcele he mes ceeefvej kejves keer efpeccesoejer nw. heefjeeueveiele peesefKece heyebOeve meefceefle (DeesDeejScemeer) hej heefjeeueveiele peesefKece kees kece kejves kes efueS mhe heefjeeueve peesefKece heyebOeve heefeee kee efveOee&jCe kejves Deewj Gmes yeveeS jKeves kes efueS DeeJeMeke Gheee kejves Je cetueebkeve kejves keer efpeccesoejer nw. meefceefle en Yeer efveiejeveer kejleer nw efke heefjeeueveiele $e+Ce heyebOeve veerefle kes efveOee&efjle ceeveob[ Deewj efoMee-efveoxMeeW kee meKleer mes Devegheeueve efkeee peeS.
peesefKece eyebOeve
peesefKece uesve-osve kee Ieke nw efpemeceW keg no leke vegkemeeve nesves keer mebYeeJevee nw. efJeeere mebmLeeveeW ceW peesefKece efJeefYeVe DeblejeueeW, DeeeqmleeeW, oseleeDeeW, Deee ceW Gleej e{eJe Deewj vekeoer kes uesveosve kes keejCe neslee nw. eeefhe efkemeer mebmLeeve ceW peesefKece kes mJehe Je mlej kees efveOee&efjle efkeee peevee eeefnS pees efke efJeefYeVe keejkeeW hej efveYe&j kejlee nw. en ceevee ieee nw efke meeceevele: yeQkeeW kes meeceves $e+Ce, yeepeej, vekeoer, heefjeeueve, Devegheeueve, efJeefOe efveeeceke Deewj heefleeiele peesefKece nesles nQ. Deehekes yeQke kes heeme Ske meg{ peesefKece heyebOeve nw peneb peesefKeceeW kee Deekeueve, efveosMeke ceb[ue eje peesefKece ceW efveefnle keejkeeW kes DeeOeej hej efkeee peelee nw.
lejuelee peesefKece
lejuelee peesefKece Deee DeLeJee hetbpeer kees nesves Jeeuee ceewpetoe Deewj mebYeeefJele
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2011-12
peesefKeceeW kee helee eue mekes Deewj GYejles ngS GeesieeW keer heneeve Yeer keer pee mekeW heefjeeueve hecegKeeW kees Fve Deeweesefieke efjheeseX kes yeejs ceW metefele efkeee peelee nw leeefke Fve GeesieeW kees GOeej osles mecee Gme hej efJeeej efkeee pee mekes. yeQke ves efJeefYeVe $e+Ce jseEie cee@[ume Yeer DeheveeS nQ leeefke efJeefMe $e+Ce mebJeJenejeW mes mebyebefOele peesefKece kes mlej kees Deebkee pee mekes. yeQke eje DeefOekeebMe JeeJemeeefeke $e+CeeW kes peesefKece kes Deekeueve nsleg meg{ jseEie cee@[ue kee Gheeesie efkeee peelee nw. heer[er (etke mebYeeJeleeDeeW) kes DeueeJee esef[ jseEie cee@[ue yeQke keer keg Deve lejerkeeW mes Yeer meneelee kejsiee pees efke Fme hekeej nQ : peesefKece Yeeefjle DeeeqmleeeW keer ieCevee kes efueS Deebleefjke jseEie DeeOeeefjle eqkeesCe (DeeOegefveke eqkeesCe) kees Deheveevee. Debleefve&efnle $e+Ce peesefKece kees Oeeve ceW jKeles ngS efJeMes<e cetue $e+Ce megefJeOee. efveefnle $e+Ce peesefKece kees Oeeve ceW jKeles ngS mecemle $e+Ce peesefKece kees ceehevee, Gmekee Deekeueve kejvee Deewj $e+Ce peesefKece nsleg Dehesef#ele heesHeeFue leweej kejvee. keeGCj heeea kes mlej hej $e+Ce peesefKece kee cetueebkeve kejves kes Deefleefje yeQke kes heeme mebefJeYeeie mlej hej $e+Ce peesefKece kee cetueebkeve kejves kes efueS Gheege heefeee SJeb heefle nw. yeQke efveeefcele DeblejeueeW hej $e+Ce mebefJeYeeie keer meceer#ee kejlee nw leeefke $e+Ce mebefJeYeeie keer iegCeJeee ceW megOeej nes mekes ee keg $e+efCeeeW / #es$eeW / GeesieeW ceW $e+Ce mebkeWCe kes heefleketue heYeeJeeW kees kece efkeee pee mekes.
yeepeej peesefKece
yeepeej peesefKece yeepeej eje efveOee&efjle ojeW Deewj cetueeW ceW heefleketue Gleeje{eJe kes keejCe mebYeeefJele neefveeeW kes he ceW neslee nw. yeepeej peesefKece heyebOeve kee GsMe yeQke keer Deee Deewj FeqkeJeer kes meeLe legueve-he$e SJeb mebjeveelceke eqmLeefle kees #eefle hengbeeves Jeeues DeleefOeke Skemeheespej mes yeevee Deewj efJeeere efueKeleeW pewmes heefleYetefleeeW efJeosMe efJeefveece mebefJeoeSb, FeqkeJeer leLee [sjerJesefJe efueKeleeW ceW efveefnle Gleej-e{eJe ceW yeQke kes Skemeheespej kees kece kejvee nw. efJeeere ceOemLe kes he ceW yeQke kes mece#e cegKe peesefKece yeepe oj peesefKece nw, pees efke yeQke keer Deeeqmle-oselee heyebOeve keee&keueeheeW kes keejCe GlheVe neslee nw. yeQke kes yeepeej mes mebye Deve peesefKeceeW ceW efJeosMeer cege eqmLeefle hej efJeosMeer cege peesefKece, vekeoer DeLeJee efveeefcele peesefKece Deewj ^seE[ie hees&HeesefueeeW hej cetue peesefKece nw. yeQke ves DeHeves ^spejer keeeeX kes efveeb$eCe Deewj Gvekeer efveiejeveer nsleg mhe veerefle yeveeF& nw. Fve veerefleeeW ceW heyebOeve veerefleeeW, heefeeeDeeW, efJeJeskemeccele $e+Ce meerceeDeeW, meceer#ee heCeeueer Deewj efjheese\ie heefleeeW kee meceeJesMe nw. efJeeere Deewj yeepeej eqmLeefleeeW ceW heefjJele&ve kes Deveghe Fve veerefleeeW ceW DeeJeefOeke he mes mebMeesOeve efkeee peelee nw. yeepe oj peesefKece kee Deekeueve yeepe oj DeeqmLejlee Devlejeue efjhees& leLee peesefKece Deee kes DeeOeej hej efkeee peelee nw. Fmekes DeueeJee yeQke ceeefmeke DeeOeej hej DeJeefOe, mebMeesefOele DeJeefOe, efveJesMe hees&HeesefueeeW kes peesefKece cetue, efpemeceW mLeeeer Deee heefleYetefleeeb, FeqkeJeerpe leLee efJeosMeer cege heespeerMeve Meeefceue nw, ieCevee kejlee nw. yeQke, DeuheJeefOe yeepe oj peesefKece
$e+Ce peesefKece
$e+Ce peeseKece kees Ske Ssmes peeseKece kes he ceW heefjYeeef<ele efkeee peelee nw efpemeceW f f $e+Cekelee& DeLeJee keeGbj heee|eeW keer $e+Ce iegCeJeee ceW efiejeJe mes peg[er mebYeeefJele neefveeeb efveefnle nQ. efkemeer Yeer yeQke kes heesHeeseueeeW ceW Deheveer heeleyeleeDeeW kees & f f hetje ve kejves keer ieenke DeLeJee keeGbj heeea keer De#ecelee DeLeJee Deefvee kes keejCe yeenjer etke mes neefveeeb heveheleer nQ. $e+Ce iegCeJeee ceW JeemleefJeke DeLeJee efJeeceeve efJeke=efleeeW kes HeuemJehe heesHeeseueeeW cetue ceW keceer Deeves mes Yeer & f neefveeeb nes mekeleer nQ. meeceevele: $e+Ce peeseKece heyebOeve heeeeeDeeW ceW heneeve, f f heefjceeheve DevegheJe&leve Deewj $e+Ce Skemeheespej hej efveeb$eCe Meeefceue nw. yeQke ceW $e+Ce peesefKece heyebOeve eje en megefveeqele efkeee peelee nw efke yeQke keer peesefKece heneeve leLee $e+Ce heefeeeDeeW ceW efjheese\ie efveeb$eCe heCeeueer heee&hle Deewj megee he mes keee&Meerue nw. DeHeveer heefjeeueve FkeeFeeW kes ceeie&oMe&ve nsleg yeQke ceW osMeere $e+Ce veerefle, efveJesMe veerefle, leguevehe$e ceW Meeefceue ve efkeS peevesJeeues efveJesMeeW mes mebyebefOele veerefle pewmeer efJeefYeVe veerefleeeb efJeeceeve nQ efpemeceW yeQke kes $e+Ce peesefKeceeW kes efueS efJeefYeVe efJeJeskehetCe& megj#ee Gheee efkeS ieS nQ. yeQke ves Geesie DeOeeve Yeer efkeS nQ leeefke efpeve GeesieeW ceW yeQke ves Yeejer efveJesMe efkeee nw, GveceW ceewpeto
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2011-12
keer cee@efveeEjie, Meg yeepe Deee (SveDeejDeeF&) leLee oerIe& DeJeefOe yeepe peesefKece keer cee@efveeEjie FeqkeJeer kes Deee|Leke cetue (F&JeerF&) kees Oeeve ceW jKeles ngS kejlee nw. ^spejer kes meboYe& ceW Jesuet S efjmke keer ieCevee 99.0% kee@veefHe[Wme uesJeue hej 10 efove keer neseu[ie DeJeefOe kes DeeOeej hej keer peeleer nw. DeeqmLejlee efJeMues<eCe leLee FeqkeJeerpe kes ceeOece mes eqmLej yeepe efveJesMe hees&HeesefueeeW keer m^sme peebe heefjeqmLeefleiele efJeMues<eCe kes ceeOece mes efveeefcele he mes keer peeleer nw. Yeejleere efj]peJe& yeQke kes efoMee-efveoxMeeW kes DeeOeej hej yeQke, FeqkeJeer heYeeJe kes Deee|Leke cetue kee efleceener DeeOeej hej Deekeueve kej jne nw.
kejles ngS heeleYeeefieeeW kees Devegheeesie kes oeejs, hetpeer, $e+Ce efveJesMe, $e+Ce efveOee&jCe f b heeeeeDeeW kes yeejs ceW hecegKe meteveeSb GheueyOe neW Deewj yeQke keer hetpeer heee&hlelee f b megeveeqele nes. f efheuej-III hekeerkejCe $ewceeefmeke leLee ceener DeeOeej hej leLee heleske Je<e& ceee& ceW Je<e& kes Deble kes hekeerkejCe yeQke keer JesyemeeF hej hekeeefMele efkeS peeles nQ. Je<e& kes Deble kes hekeerkejCe yeQke keer Jeee|<eke efjhees& ceW hekeeefMele nesles nQ Deewj yeQke keer JesyemeeF hej Yeer GheueyOe jnles nQ. yeemesue-III keer leweejer : Yeejleere efjpeJe& yeQke ves 2 ceF&, 2011 kees yeemesue-III kes yeejs ceW Debelece efoMeeefveoxMe peejer kej efoS nQ. yeemesue-II Deewj yeemesue-III kes f Debleie&le vetvelece hetpeer DeeJeMekeleeDeeW kee legueveelceke efJeJejCe veeres hemlegle nw b ceeveob[ meeceeve FeqkeJeer hetbpeer erej-I hetbpeer kegue hetbpeer hetbpeer heleeJele&ve yeHej (efJeeere Deewj Deee|Leke oyeeJeeW keer DeJeefOeeeW ceW neefveeeW keer YejheeF& nsleg heege nesves Jeeueer yeHej hetbpeer) (keeceve FeqkeJeer kes he ceW) yeemesue II ueeiet veneR 6% 9% Metve yeemesue III 5.5% 7% 9% 2.5%
heefjeeueve peesefKece
Deheee&hle DeLeJee DemeHeue Deebleefjke heefjeeueve heeeee, ceeveJe Deewj heefle f DeLeJee yeee lelJeeW kes keejCe nesves Jeeues neefve peeseKece kees heefjeeueve peeseKece f f kene peelee nw. pewmee efke Thej yeleeee ieee nw, heefjeeueve peeseKece heyebOeve f meefceefle kes heeme yeQke kes heefjeeueve peeseKece hej efveeb$eCe jKeves kee heeefOekeej f SJeb efpeccesoejer nw. yeQke, Deheveer Deebleefjke heefleeeW Deewj heeeeeDeeW keer meceer#ee f Deewj Fvekes efJeefOeJele Devegheeueve eje heefjeeueve peeseKece hej efveeb$eCe jKelee nw. f yeQke heele ceener DeeOeej hej heefjeeueve peeseKece mebyebOeer Deebke[eW kee mebienCe SJeb f f efJeefYeVe Deueie-Deueie HewjeceerjeW hej Fvekee efJeMues<eCe kejlee nw Deewj peneb keneR pejer nes, Jeneb DeefJeuebye megOeej kes Gheee efkeS peeles nQ.
yeemesue-III kees efoMeeefveoxMeeW kes Debleie&le Yeejleere efjpeJe& yeQke eje Meg efkeS ieS ceeveke nw : (i) yeQke kes leguevehe$e keer peeseKeceer heJe=ee kes efueS Deefleefje ceeveke f f kes he ceW vetvelece 4.5% kee efueJejspe Devegheele (ii) lejuelee keJejspe Devegheele (Sue.meer.Deej.) Deewj eqmLej efveefOeeve Devegheele (SveSmeSHeDeej) kes he ceW oes lejuelee ceeveke. peveJejer 2013 mes peveJejer 2017 keer meceeveeblej DeJeefOe kes oewjeve yeQkeeW kees 4.5% kee vetvelece ueerJejspe Devegheele yeveeS jKeves kee heeeme kejvee nesiee. 01 peveJejer 2018 mes meceeveevlej DeJeefOe heYeeJeer nes peeves kes yeeo Yeejleere efjpeJe& yeQke eje efveeeceke ueerJejspe Devegheele efveOee&ejle efkeee peeSiee. f lejuelee keJejspe Devegheele (SuemeerDeej) kes Debleie&le yeQke kes efueS Dehese#ele nw efke f Jen 30 efoveeW mes DeefOeke keer Deheves kegue oyeeJeiemle Meg vekeoer heJeeneW kees keJej kejves kes efueS heee&hle Ge iegCeJeeeJeeueer lejue Deeeqmleeeb jKes. Meg eqmLej efveefOeeve Devegheele (SveSmeSHeDeej) kes Debleie&le yeQke kes efueS en Dehese#ele nw efke f Jen efJemleeefjle oyeeJe keer Ske Je<e& DeJeefOe efueS DeeJeMeke eqmLej efveefOeeve jeefMe mes DeefOeke eqmLej efveefOeeve jeefMe GheueyOe jKes. yeQke kes heeme Gmekeer yeefneeW ceW GheueyOe hetpeer keer cee$ee Deewj iegCeJeee Deewj ceee& b 2012 kees erej-I keer 93.05% keeceve FeqkeJeer mes en DeeMee keer peeleer nw efke yeQke efyevee efkemeer DeefOeke keef"veeF& kes efJeeere Je<e& 2014 leke yeemesue-III keer DeeJeMekeleeDeeW kees hetje kej uesiee uesekeve Fme efoMee ceW Deeies ye{ves kes efueS yeQke f kees efJee Je<e& 2015 Deewj Gmemes Deeies hetpeeriele efveefOeee@b efJeMes<e he mes keeceve b FeqkeJeer Heb[ keer hetele kejveer nesieer. |
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2011-12
$e+Ce KeeleeW keer hegve: mebjevee/hegve: mecee efveOee&jCe/hegve: ejCeye kejves kes efueS Gheege ceeceueeW keer heneeve kejvee Deewj meeLe ner Gheege SJeb JeemleefJeke ceeceueeW ceW hegve: efJee heoeve kejvee. meer[erDeej ke#e leLee Debeue SJeb #es$eere keeee&ueeeW mes mecheke& mLeeefhele kejvee. KeeleeW keer meceer#ee SJeb efveece leLee MeleeX kes Devegheeueve nsleg DeeJeMeke keoce G"ekej / efveeefcele he mes DevegJeleea keej&Jeener kejkes yeQke kes $e+Ce mebefJeYeeie keer iegCeJeee ceW megOeej ueevee. $e+Ce jseEie ceW megOeej kejves kes heeeme kejvee. yeerDeeFSHeDeej kes Debleie&le KeeleeW keer heieefle hej efveiejeveer jKevee.
efJelleere Je<e& 2012 ceW hegveie&ef"le $e+CeeW keer yekeeee jeefMe (Iejsuet) (31 ceee&, 2012 keer efmLeefle kes Devegmeej
efJeJejCe hegveie&ef"le ceeveke Deefiece hegveie&ef"le DeJe ceeveke Deefiece hegveie&ef"le mebefoiOe Deefiece kegue $e+efCeeeW keer mebKee yekeeee jeefMe $e+efCeeeW keer mebKee yekeeee jeefMe $e+efCeeeW keer mebKee yekeeee jeefMe $e+efCeeeW keer mebKee yekeeee jeefMe meer [er Deej heefle 16 1,534.03 0 0 0 0 16 1,534.03 5 10.38 2 1.93 281 447.62 Sme Sce F& hegveie&"ve 274 435.31 Deve 9,596 6,276.61 2,042 5.09 40 2.06 11,678 6,283.76
(` kejes[esb ceW) kegue 9,886 8,245.95 2,047 15.47 42 3.99 11,975 8,265.41
Ghejese Iejsuet hegveie&"ve kes Deefleefje Debleje&^ere heefjeeueveeW ceW yeQke ves efJeeere Je<e& 2012 kes oewjeve . 613.78 kejes[ keer yekeeee jeefMe (31 ceee& 2012 kees) kes KeeleeW kee hegveie&"ve efkeee ieee. DeeHekes yeQke ves DeHeves $e+Ce Hees&Heesefueees keer Deeeqmle iegCeJeee ceW megOeej kes efueS ye[er jeefMe Jeeues Deeqece KeeleeW ceW KeeleeW keer meceer#ee, MeleeX SJeb efveeceeW kee DevegHeeueve, esef[ jseEie ceW DeHees[sMeve Fleeefo kee keee& lespeer mes megefveefele kejves kes efueS efJeMes<e DevegJeleea keee&Jeener Yeer Meg keer nw.
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2011-12
yeQke keer peesefKece DeeOeeefjle Deebleefjke uesKee hejer#ee kes lenle meYeer MeeKeeSb Meeefceue nQ. Yeejleere efj]peJe& yeQke eje efJeefvee|o peesefKece mebjevee kes Deveghe peesefKece kes mlej SJeb efoMee kee Deekeueve efkeee peelee nw efpememes heyebOeve kees Gve Ge peesefKece #es$eeW kees efveOee&efjle kejves ceW meneelee efceueleer nw, efpeve hej Deueie mes Oeeve efoS peeves keer pejle nw. MeeKeeDeeW kes peesefKece JeieeakejCe keer eqmLeefle keer meceer#ee efveosMeke ceb[ue keer uesKee hejer#ee meefceefle eje $ewceeefmeke DeeOeej hej keer peeleer nw. efJeeere Je<e& 2012 kes oewjeve Deej. yeer.DeeF&.S. kes lenle 2769 MeeKeeDeeW kee efvejer#eCe efkeee ieee. ueieYeie 1893 MeeKeeSb (68.36%) vetve peesefKece, 748 MeeKeeSb (27%), ceOece peesefKece SJeb 128 MeeKeeSb (4.63%) Ge peesefKece esCeer ceW Les. yeQke keer MeeKeeDeeW kes keesj yeQeEkeie huesHeece& hej Mele heefleMele ceeFies nesves kes heeele DeeF&. Sme. uesKeehejer#ee kee keee& DeeF&.er. mebyebefOele peesefKece heyebOeve heCeeueer SJeb heefeeeDeeW kees yeQke keer DeeF&.Sme uesKee hejer#ee veerefle kes Devegmeej meg{lee DeeF&. DeeHekes yeQke kee DeeF&. Sme.uesKee hejer#ee ke#e efJeefYeVe efjheeseX kes pevejsMeve eje Deueie mes efveiejeveer kejves kee keee& Yeer kejlee nw. Yeejleere efj]peJe& yeQke keer Dehes#eeDeeW kes Deveghe 50.0% kes JeJemeee kees keJej kejves keer eq mes efJeeere Je<e& 2012 kes oewjeve 682 MeeKeeSb meceJeleea uesKee hejer#ee kes DeOeOeerve Leer. efpemekes lenle kegue 62.0% pecee jeefMeeeb leLee 81.0% Deefiece SJeb 70.0% meceie JeJemeee Deelee nw. Yeejleere efjpeJe& yeQke kes efveoxMeeW kes Devegmeej 3708 $e+Ce KeeleeW keer $e+Ce uesKee hejer#ee keer ieF&. efpemeceW . 2,32,802 kejes[ keer efveefOe SJeb iewj efveefOe $e+Ce meerceeSb Meeefceue Leer. leeefke $e+Ce cetueebkeve keer iegCeJeee SJeb ye[s $e+Ce KeeleeW kes mebyebOe ceW Devegheeueve mlej kees ye{eee pee mekes. efJeeere Je<e& 2012 kes oewjeve yeQke kes me]He kee@uespe SJeb #es$eere heefMe#eCe kesveW leLee yeenjer heefleeqle heefMe#eCe mebmLeeveeW ceW peesefKece heyebOeve mebyebOeer efJe<eeeW hej 2892 me]He meomeeW kees heefMe#eCe efoee ieee. efveosMeke ceb[ue keer uesKee hejer#ee meefceefle kes efoMee-efveoxMeeW ceW yeQke kes efvejer#eCe SJeb uesKee hejer#ee kee keee& efkeee peelee nw SJeb en megefveeqele efkeee peelee nw efke yeQke keer JeeJemeeefeke Je=ef SJeb efnleeW kes meeLe-meeLe ueieeleej Devegheeueve hej Heeskeme yevee jns.
22
2011-12
keer. es yew"keW yeQke kes yees[& keer efo. 27 Deiemle 2011 leLee 13 Dehewue 2012 kees ngF& yew"keeW kes oewjeve Deeeesefpele keer ieF&.
MeeKeeDeeW kes mlej hej ieenke mesJee ceW megOeej kes heeeme
MeeKee mlejere ieenke mesJee meefceefle keer yew"keeW, efpemeceW Jeefj veeieefjkeeW heWMevejeW meefnle meceepe kes njkes leyekes kees Deecebef$ele efkeee peelee nw, kes ceeOece mes ieenke mesJee keer iegCeJeee kes mebyebOe ceW Heer[ yewke heoeve efkeee peelee nw. Fve yew"keeW kes oewjeve heehle megPeeJeeW/efJeeejeW kees mecesefkele kej MeeKee mlej hej ieenke mesJee kes megOeej kes mebyebOe ceW Fvekes keeee&eqvJele efkeS peeves keer JeJenee&lee keer peebe keer peeleer nw. yeQke meYeer ef[ueerJejer ewveueeW kes ceeOeceeW mes Glke= ieenke mesJee heoeve kejves hej Oeeve os jne nw. leLee ieenke meblegeq mlej kees ye{eves kes efueS heeweesefiekeer kej DeefOekelece Fmlesceeue kej efJeefYeVe hekeej kes ieenkeeW keer efJeefJeOe pejleeW kes efueS mecegefele Jewkeequheke ef[ueerJejer ewveueeW leLee F&-GlheeoeW pewmes efke SerSce/[sefye kee[&/heerDeesSce, Fbjves yeQeEkeie, ceesyeeFue yeQeEkeie Fleeefo. heeweesefiekeer heefeeeDeeW kes eje ieenkeeW keer meblegeq kee mlej ye{eves kes efueS ueieeleej heeeme kej jne nw. ieenkeeW kes efJeefJeOe efnleeW leLee Deekeeb#eeDeeW kee efJeefYeVe heefeeeDeeW leLee heefleeeW ceW megOeej kejkes Oeeve jKee pee jne nw.
Devegheeueve
yeQke Yeejleere yeQeEkeie mebefnlee Deewj ceeveke yees[& (yeermeerSmeyeerDeeF&) kee meome nw leLee yeQke ves yeermeerSmeyeerDeeF& eje Deiemle 2009 ceW mebMeesefOele ieenkeeW kes heefle yeeveyelee mebefnlee leLee ceeFees SJeb ueIeg GeesieeW kes heefle Jeeveyelee mebefnlee kees Debieerke=le kej efueee nw. yeQke keer JesyemeeF hej mebefnlee heoe|Mele keer ieF& nw Deewj Fmes MeeKeeDeeW ceW ieenkeeW kes efueS Yeer GheueyOe kejeee ieee nw. Yeejleere efj]peJe& yeQke kes ieJeve&j ves efJeeere Je<e& 2011 keer Jeee|<eke ceeweqke SJeb $e+Ceveerefle keer Iees<eCee kejles mecee hemleeJe efkeee Lee efke meYeer yeQkeeW kees ieenke mesJee/ieenke mejeskeejeW mes mebyebefOele cegeW hej efJeeej efJeceMe& leLee meceer#ee kejves kes efueS 6 cenerves ceW Ske yeej efveosMeke ceb[ue keer yew"keeW ceW mecee osvee eeefnS. Fmekes Devegheeueve ceW yeQke kes efveosMeke ceb[ue ves peveJejer petve 2011 leLee pegueeF&-efomebyej 2011 ceW Ssmeer oes meceer#ee yew"keW Deeeesefpele
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2011-12
ieenke efMekeeeleeW kees hetjer lejn otj kejves leLee yeeOee jefnle ieenke mesJee heoeve kejves kes efueS ieenkeeW mes heehle efMekeeeleeW kee efJeMues<eCe efkeee peelee nw leLee mecee hej mecegefele keej&JeeF& keer peeleer nw leeefke YeefJe<e ceW Fme hekeej keer efMekeeeleeW keer hegvejeJe=efe ve nes. yeQke kes heeme ieenke mesJee kes mebyebOe ceW efveosMeke ceb[ue eje Devegceesefole veerefleeeb nQ leLee FvnW yeQke keer JesyemeeF hej heoe|Mele efkeee ieee nw.
Fueske^esefveke lejerkes mes vekeoer uesveosve efjhees& (meererDeej) pevejs kejvee Deewj kechetj kes ceeOece mes FvnW efJeeere Deemetevee FkeeF& kees hemlegle kejvee. heCeeueer DeeOeeefjle mebkesleeW (Sue&me) kees pevejs kejves nsleg SSceSue meesuetMeve kee mebmLeeheve/keeee&vJeeve mebefoiOe uesveosve efjheesex (SmeerDeej) kee heCeeueer DeeOeeefjle lejerkes mes helee ueieevee leLee efJeeere Deemetevee FkeeF& kees hemlegle kejvee yeQke kes ieenkeeW kes KeeleeW kee heleske ceener ceW heCeeueer DeeOeeefjle peesefKece JeieeakejCe (SSceSue kes eje) kejvee peeueer cege/efjheesex (meermeerDeej) kees efJeeere Deemetevee FkeeF&, DeeF&Sve[er veF& efouueer kees hemlegle kejvee SHeDeeF&et DeeF&Sve[er kees iewj ueeYe mebie"ve uesveosve efjhees& (SveerDeej) hemlegle kejvee
ieenkeeW keer megefJeOee nsleg heefjeespevee keeee&uee, yeermeermeer, cegbyeF& kes hejeceMe& ceW Ske Fve-neGme Dee@veueeFve kebhueW weEkeie cee@[etue efJekeefmele efkeee ieee nw. heLece ejCe ceW yeQke keer meYeer MeeKeeDeeW, #es$eere/Debeue keeee&ueeeW keee&efJeYeeieeW kes efueS etpej DeeF&[er SJeb heemeJe[& pevejs kejves kee keee& hetCe& efkeee ieee nw. meYeer #es$eere keeee&uee SJeb keee&efJeYeeieeW ves meHeueleehetJe&ke efMekeeele cee@[etue kees Skemesme efkeee. leoghejeble yeQke keer JesyemeeF kes nescehespe hej Dee@veueeFve efMekeeele kee Deeekee@ve meefee efkeee ieee leeefke ieenke mejuelee mes Fme leke hengbe mekeW. "Dee@veueeFve kebhueW ^ekeie cee@[etue" keer cenlJehetCe& efJeMes<eleeSb veeres oer ieF& nQ. wE Fmemes efMekeeekelee& meeLe ner meeLe mebyebefOele MeeKee/#es$e/Debeue leLee heOeeve keeee&uee hetCe&le:/#es$e/Debeue leLee heOeeve keeee&uee kes yeejs ceW peevekeejer heehle kejvee mebYeJe neslee nw. Fmemes meYeer mlejeW hej mebyebefOele Sme.Sce.Sme. efjheesex kees pevejs kejves keer megefJeOee efceueleer nw. Fmemes mebyebefOele heeefOekeeefjeeW DeLee&le MeeKee/#es$e/Debeue kees efMekeeele MeerIe mebleefjle kejvee mebYeJe neslee nw efpememes efMekeeele kes efveheeve ceW ueievesJeeues mecee ceW keeHeer keceer Deeleer nw. mebyebefOele heeefOekeejer eje efveOee&efjle DeJeefOe kes oewjeve keej&JeeF& ve efkeS peeves hej efMekeeele mJele: Deieues heeefOekeejer kees hengbe peeleer nw. Fmeer hekeej efveeb$eke keeee&ueeeW kees efMekeeele kes MeerIe efvemleejCe kes efueS DevegJeleea keej&JeeF& kejves ceW ceoo efceueleer nw. Fme cee@[etue kes ceeOece mes ieenke eje meHeueleehetJe&ke efMekeeele ope& kejves mebyebOeer heeJeleer mebosMe kes meeLe Ske wkej DeeF&[er pevejs neslee nw.
kesJeeF&meer kes hetCe& Devegheeueve mes me]He kes meeLe meeLe ieenke kees Yeer efMeef#ele kejves ceW ceoo efceueleer nw, efpemekes efueS yeQke ves efvecveefueefKele keoce G"eS nQ. yewke ves ieenkeeW kes ueeYeeLe& kesJeeF&meer omleeJespeeW keer meteer yeQke keer JesyemeeF (www.bankofbaroda.com) hej heoe|Mele keer nw. Fmeer ekeej Deebleefjke GHeeesie kes efueS yeQke kes Fv^eves hej kesJeeF&meerSSceue hespe GheueyOe kejeee ieee nw efpeme hej kesJeeF&meer SSceSue meerSHeer efMe#eCe mes mebyebefOele efMe#eCe meeceieer GheueyOe kejeF& ieF& nw. yeQke kes heefMe#eCe heefleeveeW ceW kesJeeF&meer-SSceSue-meerSHeer efoMeeefveoxMeeW mes mebyebefOele efveeefcele heefMe#eCe me$e Deeeesefpele efkeS peeles nQ. Yeejleere efj]peJe& yeQke, Yeejleere yeQke mebIe leLee je^ere yeQke heyebOe mebmLeeve ceW Jeefj DeefOekeeefjeeW/keee&heeuekeeW kes efueS heefMe#eCe Deeeesefpele efkees peeles nQ. yeQke kes heOeeve keeee&uee ceW o#elee neefmeue kejves nsleg keeheexjs eqkeesCe leLee MeeKeeDeeW ceW kesJeeF&meer Dee@ef[ nsleg meIeve heeeme efkeS pee jns nQ.
efveeues mlej hej ieenke meefceefleeeW leLee efJeefYeVe DeOeeve /meJex#eCeeW mes heehle Heer[yewke/megPeeJeeW kes DeeOeej hej yeQke ves meceer#ee Je<e& kes oewjeve MeeKeeDeeW ceW ieenke mesJee ceW megOeej ueeves kes efueS ieenkeesvcegKe keoce G"eS leLee henue keer.
kesJeeF&meer-SSceSue-meerSHeer
Deheves ieenke kees peeefveS (kesJeeF&meer) ceeveob[ OeveMeesOeve efveJeejke (SSceSue) ceeveke/DeeblebkeJeeo kes efJeehees<eCe kees jeskevee (meerSHeer) leLee heerSceSueS 2002 kes Devleie&le yeQke kee oeefelJe yeQke kes heeme efveosMeke ceb[ue eje Devegceesefole kesJeeF&meer-SSceSue-meerSHeerr hee@efuemeer nw. en veerefle yeQke kes kesJeeF&meer ceeveob[eW, SSceSue ceevekeeW, meerSHeer GheeeeW kee leLee OeveMeesOeve efveJeejke DeefOeefveece (heerSceSueS) 2002 kes Devleie&le GheeeeW kee cetue DeeOeej nw. yeQke kes kesJeeF&meer-SSceSue-meerSHeerr keeee&vJeeve keer hecegKe efJeMes<eleeSb Fme hekeej nQ.
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2011-12
Fbef[eve hees&me SmeesefmeSMeve, efouueer mes Devegceefle efceueves kes yeeo keeb[uee hees& kes meeLe menceefle %eeheve efve<heeefole efkeee ieee. heesmue efyepevesme mebyebOeer F&-mee@ue kee efeeevJeeve.
kejWmeer esm leLee mejkeejer keejesyeej efJeeere Je<e& 2012 kes oewjeve Keesues iees vees keejesyeejer #es$e
Deehekes yeQke ves osMeYej ceW F&-Yegieleeve kes ceeOece mes 116 kemce neTme ueeskesMeve hej meercee Meguke kes Yegieleeve kees efeeeeqvJele efkeee nw. kemce MegukeeW kes hele#e Yegieleeve kes efueS heeefOeke=le oes veF& MeeKeeDeeW kees efceueekej DeeF&meerF&Sce 1.5 mee@HeJesej kes meeLe kegue 10 meercee Meguke ueeskesMeve FbjHesmesme. heerheerSHe / SmemeerSmeSme keejesyeej kee keee& kejves kes efueS 267 Deefleefje MeeKeeSb heeefOeke=le keer ieF&. jsueJes kes efueS F&-Yee[e Yegieleeve ege etefefueer mLeeefhele keer ieF&. F&-mecheeW keer efyeeer kes efueS me@ke neseu[ie keeheexjsMeve Dee@]He Fbef[ee (SmemeerSeDeeF&Sue) kes meeLe kejej mebheVe. en JeJemeee iegpejele, jepemLeeve leLee efouueer jepe ceW Meg nes ieee nw. (1) ceneje^ jepe mejkeej leLee (2) jepemLeeve jepe kes efueS keee& eue jne nw. Je<e& kes oewjeve (1) kevee&ke (2) DeebOeheosMe (3) heeqece yebieeue (4) efouueer leLee (5) efyenej ceW efyeeer kejeW kes F&-Yegieleeve kee efeeevJeeve. oceve SJeb oerJe kes efueS jepe kejeW kes F&-Yegieleeve kee heeefOekeej heehle nes ieee nw. ceOeheosMe, eermeie{, hebpeeye leLee nefjeeCee jepe ceW heWMeve kes Yegieleeve nsleg Deefleefje heeefOekeej heehle nes ieee nw. veF& heWMeve eespevee kes lenle mJeeJeuebyeve eespevee kee efeeevJeeve. Deehekes yeQke kee heWMeve leLee peerJeve yeercee efveefOe nsleg efeeevJeeve Spesvmeer yeQke kes he ceW eeve efkeee ieee nw. ceneje^ ceW JeJemeee kej kes F&-Yegieleeve kee keee& 1 peveJejer, 2012 mes Meg nes ieee nw. Deehekes yeQke keer mesJee MeeKee, veF& efouueer kee mJeemLe SJeb heefjJeej keueeCe ceb$eeuee kes F&-Yegieleeve nsleg vees[ue MeeKee kes he ceW efveOee&jCe efkeee ieee nw Deewj en megefJeOee ceb$eeuee kes meYeer 11 Yegieleeve SJeb uesKee keeee&ueeeW kes efueS eeuet kej oer ieF& nw. Deehekes yeQke keer veF& efouueer keer Debleje&^ere JeJemeee MeeKee kee efJeosMe eqmLele efceMeve / peieneW kes yeere efJeosMeer cegde efJehes<eCe nsleg efJeosMe ceb$eeuee kes meeLe yeQeEkeie JeJemLee kes he ceW efveefOeeeW kes efveheeve nsleg vees[ue MeeKee kes he ceW eeve efkeee ieee nw. jepemLeeve jepe kes jepe mejkeejer heWMeve YeesefieeeW kees heWMeve keer heesmeseEmeie SJeb Yegieleeve nsleg keserke=le heWMeve heesmeseEmeie keW keer mLeehevee kee keee& heefeeeOeerve nw. efjueeFyeue kee@uespe, ieeefpeeeyeeo kes meHe kes Jesleve Keeles / e$e Keeles kewveJeeme efkees iees.
meleke&lee
Deehekes yeQke kes meleke&lee efJeYeeie kee en heeeme jne nw efke heefjeeueve mlej leLee efveeb$eke keeee&uee mlej hej keee&jle meHe kees efveJeejke leLee DevJes<eke Gheee kejves ceW meceke meeJeOeeveer SJeb meleke&lee yejleves kes efueS heelmeenle leLee me#ece s yeveeee peees. Fmemes keee&-o#elee ye{eves kes meeLe-meeLe F&ceeveoej meHe kes efueS megj#ee kee ceenewue leweej kejves ceW ceoo efceueleer nw. Ieesj ueehejJeener kes ceeceueeW, efpeveceW Deehekes yeQke keer efveefOeeeb yees pee mekevesJeeues peeseKece ceW he[ ieF& Deewj Ssmes ceeceues, efpeveceW JeJemeeefeke efveCe&eeW keer Jepen mes f neefve ngF, kes yeere meeJeOeeveerhetJe&ke Deblej efkeee peelee nw. heleske ceeceues keer & DeeJeefOeke efveiejeveer en megeveeqele kejves kes efueS keer peeleer nw efke peebe-he[leeue f lespeer mes meceehle nes Deewj meYeer mebyebeOeleeW kees efve<he#e heleerle nes. en megeveeqele f f kejves kee Yeer heeeme efkeee peelee nw efke peneb pejer nes, Jeneb hesveuer mecee hej leLee Gefele nes. Deehekes yeQke ves Deheves heefjeeueveeW ceW DeefveeefceleleeDeeW kes efJeefveefo ceeceueeW kee & helee ueieeves kes efueS Debeue / keee& heeefOekeeefjeeW kes meeLe mecevJee mLeeefhele kejkes jKee ngDee nw. pevelee / ieenkeeW mes eeHle efMekeeeleeW Deewj OeesKeeOe[er kes ceeceueeW SJeb otmejer DeefveeceefleleeDeeW keer peebe he[leeue lespeer mes keer peeleer nw Deewj peneb kener pejer nes, Jeneb megOeejelceke keej&JeeF& kejves kes efueS DevegJeleea keee&Jeener keer peeleer nw.
25
2011-12
ceewpetoe heCeeefueeeW leLee heeeeeDeeW ceW KeeefceeeW / efJemebieefleeeW keer Deesj mebkesle f kejles ngS OeesKeeOe[er kes #es$eeW kee DeOeeve melele DeeOeej hej efkeee peelee nw leeefke heefjeeueveelceke heeeeeDeeW kes efveeb$eCe leLee Gmekees Deeleve kejves ceW f megOeej ueeee pee mekes. Ssmeer IeveeDeeW kes Ieefle nesves hej, meyeb heCeeefueeeW leLee heeeeeDeeW keer efJemle=le peebe-he[leeue mebyebeOele keee& efJeYeeie keer meneelee mes f f efkeS peeles nQ leeefke Deehekes yeQke kes efnleeW hej mebYeeefJele heeleketue Demej [euevesJeeues f keejkeeW leLee heemesme kee Gvcetueve efkeee pee mekes DeLeJee Gmes vetvelece efkeee pee s mekes. nceW en GuuesKe kejles ngS KegMeer nw efke Deheue 2011 mes ceee&, 2012 leke kes w oewjeve heefjeeueve meHe eje efoKeeeer ieF& peeiekelee, meeJeOeeveer leLee meleke&lee kes keejCe yesFceeve ueesieeW eje efkees iees 45 OeesKeeOe[er kes heeeme efJeHeue efkees iees Deewj Fmemes Deehekee yeQke ye[er efJeeere #eefle mes yeee.
nesuemesue yeQeEkeie
meMee keeHeexjs $e+Ce mebmke=efle leLee $e+Ce ceW yeQeEkeie Geesie kes Deewmele mes DeefOeke Je=ef efheues eej Je<eeX mes yeQke Dee@]He ye[ewoe kes efvejbleke efJeYesoke keejke jns nQ. Jemlegle: Deehekes yeQke kee nesuemesue yeQeEkeie heYeeie meYeer hekeej kes $e+Ce GlheeoeW SJeb mesJeeDeeW eLee ceereeoer $e+Ce, DeuheeJeefOe $e+Ce, ceebie $e+Ce, keee&Meerue hetbpeer megefJeOeeSb, Jeeheej efJee Glheeo, ^spejer Glheeo, hetjke $e+Ce, meecetefnke $e+Ce, mebjeveelceke $e+Ce, efJeosMeer cege / yeepe oj mJewHe, efJeosMeer cege $e+Ce, YeeJeer efkejeee heeeqhleeeW kes hess $e+Ce leLee Deewj Yeer keF& hekeej kes $e+Ce Deheves ye[s SJeb ceOece keeheexjs ieenkeeW kees Gvekeer pejleeW kes Devegmeej heoeve kej jne nw. $e+Ce Glheeo SJeb mesJeeSb ueeerueer nQ Deewj ieenke keer peesefKece heesHeeFue leLee efJeefMe DeeJeMekeleeDeeW kees Oeeve ceW jKekej Gheege he mes efvee|cele keer ieF& nQ. yesnlej Glheeo ef[ueerJejer, GlmeenHetCe& mesJee GvcegKe JeJenej, ieenkeesvcegKe eqkeesCe kes meeLe mecee mes Je lelkeeue cebpetjer heoeve kejves kes DeeOeej Hej Deehekes yeQke ves Deveske yengje^ere kebheefveeeW, Iejsuet Jeeheeefjke IejeveeW leLee hecegKe meeJe&peefveke kebheefveeeW kees nesuemesue yeQeEkeie Glheeo SJeb mesJeeSb heoeve kejkes GuuesKeveere GheueeqyOeeeb Dee|pele keer nQ. efJeYeeie ves $e+Ce heMeemeve ceW me#ece ewveueeW kes ceeOece leLee yesnlej heefleeeW kees Deheveeles ngS lespeer mes ef[ueerJejer hej Oeeve keWefle efkeee. efJeeere Je<e& 2012 kes oewjeve Fmekee Yeer heeeme efkeee ieee efke efveCe&eeW keer iegCeJeee mes mecePeewlee efkees efyevee lJeefjle efveCe&e efuees peeeW. efJeeere Je<e& 2012 kes oewjeve, Yeejleere yeQeEkeie Geesie ceW iewj Keee $e+Ce Je=ef meeceevele: Oeerceer jner. leLeeefhe, Fme eqmLeefle kes oewjeve Yeer Deehekes yeQke kes nesuemesue heYeeie ves Deheveer Heem ^ske [smke kes ceeOece mes 130 vees mebyebOe yeveeS efJeYeeie ves osMeYej ceW efJeeceeve heespeskeeW / etefveeW Jeeues #es$eeW / GeesieeW kees Je<e& kes oewjeve 60,955 kejes[ keer veF& / JeefOe&le $e+Ce megefJeOeeSb cebpetj keer. nesuemesue yeQeEkeie kes lenle keeheexjs ieenkeeW kees ye[s SJeb ceOece keeheexjs kes he ceW efveOee&efjle efkeee peelee nw. 150 kejes[ hees mes 500 kejes[ leke keer Jeee|<eke efyeeer ve& DeesJej Jeeueer kebheefveeeW kees efce[ keeheexjs Deewj 500 kejes[ hees mes DeefOeke keer Jeee|<eked efyeeer ve& DeesJej Jeeueer kebheefveeeW kees ye[s keeheexjs kes he ceW Jeieeake=le efkeee peelee nw. efce[ keeheexjs mesiecesv keer mebYeeJeveeDeeW hej Oeeve osves Deewj Gmekees mesJee heoeve kejves keer pejle kees mecePekej Deehekes yeQke ves osMeYej ceW efJeefYeVe mebYeeJe keWeW ceW efJeMes<eerke=le efce[ keeheexjs MeeKeeSb Keesueves kee cenlJehetCe& veJeesvces<eer keee& efkeee. Fve MeeKeeDeeW ceW DevegYeJeer leLee hesMeJej me#ece meHe nw. Fme mesieceW kees DeefOeke cenlJe osles ngS Deehekes yeQke ves Ske Debleje&^ere heyebOeve hejeceMe&oeeer Hece& kes ceeOece mes Fve efJeMes<eerke=le MeeKeeDeeW kes efueS Deheves meHe kee efveOee&jCe kejves nsleg megefJeOeepeveke o#elee leLee efJeMes<e%e #es$e ceW %eeve nsleg heefMe#eCe keer JeJemLee keer. Deehekes yeQke ves Ske Deewj efJeMes<eerke=le meerSHeSme (keeheexjs efJeeere mesJee) MeeKee Yeer Keesueer nw Deewj Fme hekeej meerSHeSme MeeKeeDeeW keer kegue mebKee 11 nes ieF& nw.
keejesyeej efve<heeove
efJeeere Je<e& 2012 kes oewjeve JeJemeee efJekeeme kes #es$e ceW Deehekes yeQke keer hecegKe GheueeqyOeeeW kee yeewje veeres efoee ieee nw.
Jewefeke Deefiece
efJeJejCe Deefiece - Iejsuet - efJeosMeer ceee& 2011 kees meceehle 2,28,676.36 1,69,407.86 59,268.50 ceee& 2012 kees meceehle 2,87,377.29 2,02,075.39 85,301.90 Je=ef
%
26
2011-12
efJeeere Je<e& 2012 kes oewjeve ^s[me& $e+Ce kes lenle 876 kejes[ heS (18.63%) keer kegue Je=ef ope& ngF& peyeefke efJeeere Je<e& 2011 kes oewjeve en 852 kejes[ heS Leer (22.15%) Leer. efJeeere Je<e& 2012 kes oewjeve ye[ewoe cees&iespe $e+CeeW kes lenle 97 kejes[ heS (4.68%) keer kegue Je=ef ope& keer ieF& peyeefke efJeeere Je<e& 2011 kes oewjeve en 176 kejes[ heS (9.40%)Leer. efJeeere Je<e& 2012 kes oewjeve efMe#ee $e+CeeW kes lenle 150 kejes[ heS (8.72%) keer Je=ef ope& ngF& peyeefke efJeeere Je<e& 2011 kes oewjeve en 226 kejes[ heS (15.11%) Leer. ueeyees[/Dees[eryeerDees[er kes lenle 2307 kejes[ heS keer Je=ef ope& keer ieF&. ye[ewoe Jeefeiele $e+CeeW kes lenle yeeevee pecee nsleg $e+Ce keer egkeewleer kes keejCe 31 ceee& 2011 kes mlej kes cegkeeyeues 2183 kejes[ heS keer vekeejelceke Je=ef ope& oer ieF& Leer. efJeeejeOeerve Je<e& kes oewjeve DeuheeJeefOe $e+CeeW keer egveewleer kes keejCe kegue efjsue $e+CeeW kes lenle kece Je=ef ngF&.
efjsue JeJemeee
hetJe& keer Yeebefle efJeeere Je<e& 2012 kes oewjeve efjsue JeJemeee yeQke kes meceie JeJemeee ceW cenlJehetCe& Yetefcekee efveYeelee jne. Je<e& kes oewjeve efjsue yeQeEkeie kes #es$e ceW Deehekes yeQke kes efjsue keejesyeej keer efJeMes<eleeSb Fme hekeej nQ:-
efJeeere Je<e& 2012 kes oewjeve efjsue yeQeEkeie ceW veJeesvces<eer keee&
vees GlHeeoeW kee MegYeejbYe ye[ewoe Hem& JesuLe hewke, pees oes GlheeoeW kee efceeCe nw efpemekee veece ye[ewoe Hem& meseEJeie yeQke Deewj ye[ewoe Hem& jsieguej ef[heeefpe nw, etefuehe Deewj ce& FvMetjWme hueeve veeceke oes yeercee GlheeoeW kes meeLe mebege he mes efoveebke 2 peveJejer 2012 kees Meg efkeee ieee. ceee& 2012 keer meceeeqhle leke Deehekes yeQke eje 53,516 hewke yeses ieS. 27
2011-12
31 ceee& 2012 leke hegve: eueeee ieee. Fmekes DeueeJee efJepeslee MeeKeeDeeW Deewj #es$eere keeee&ueeeW kes efueS "FJeeEveie efJeLe meerSce[er" Deewj "efhekeefveke efJeLe meHe" veeceke efJeMes<e heeslmeenve eespeveeDeeW keer MegDeele keer ieF&. efjsue $e+Ce DeefYeeeve: DeeJeeme $e+CeeW Deewj keej $e+CeeW hej efJeMes<e Oeeve kes meeLe leesnejeW ceewmece keer mebYeeJeveeDeeW kes oesnve Deewj Devegketue heefjeqmLeefleeeW Jeeues Je<e& kee ueeYe G"eves keer eq mes 26 efmelebyej mes 30 veJebyej 2011 kes oewjeve Ske efjsue $e+Ce GlmeJe DeefYeeeve kee MegYeejbYe efkeee ieee. efjsue $e+Ce DeefYeeeve keer meHeuelee mes heeslmeeefnle neskej Fmes Deees $e+CeeW ceW DeejDeesDeeF& efjeeeleeW kees 0.25% mes ye{ekej 0.50% kejves kes meeLe 31 ceee& 2012 leke Deewj Deeies ye{e efoee ieee. yeele yeQke pecee DeefYeeeve Deewj efjsue $e+Ce DeefYeeeve oesveeW kes keeHeer Des heefjCeece jns. veS efmeer mesume Dee@efHeme Keesuevee: efJeeere Je<e& 2012 kes oewjeve nueveer, jeeyejsueer, Hewpeeyeeo, jeehegj, Yeesheeue, Fboewj, yeWieuet, ieeefpeeeyeeo Deewj jepekees ceW veew efmeer mesume Dee@efHeme Keesues ieS. veF& efjsue ueesve Heweqke^eeb Keesuevee: efJeeere Je<e& 2012 kes oewjeve, nueveer, osnjeotve Deewj veeefmeke ceW leerve veF& efjsue ueesve Heweqke^eeb Keesueer ieF&. efjeeeleeW kes efueS Deefleefje efJeJeskeeOeerve MeefeeeW kee heleeeespeve: efJeeere Je<e& 2012 kes oewjeve veee JeJemeee mebie=nerle kejves Deewj efjsue $e+Ce yener kee efJemleej kejves kes efueS Deehekes yeQke kes meYeer Debeue hecegKeeW kees ye[ewoe ^s[me& $e+Ce hej ueeiet yeepe oj ceW 100 yeerheerSme keer meercee leke efjeeele osves hej efJeeej kejves nsleg DeefOekeej heoeve efkeS ieS. mecetn peerJeve yeercee keJej GheueyOe kejevee: Jele&ceeve ceW DeeJeeme $e+CeeW Deewj efMe#ee $e+CeeW hej GheueyOe megefJeOee kes Deefleefje Deees $e+CeeW Deewj Jeefeiele $e+Ce GOeejkelee&DeeW kes efueS mecetn $e+Ce peerJeve yeercee keJej Devegceesefole efkeee ieee. efJeeere Je<e& 2012 kes oewjeve yeerceekelee&DeeW eje kegue 18 ce=leg oeJeeW kee efveheeve efkeee ieee. OeesKeeOe][er efveJeejCe kes efueS DeheveeF& ieF& jCeveerefle: efjsue $e+CeeW kes Debleie&le OeesKeeOe[er jeskeLeece nsleg Ske peebe meteer kes peefjS MeeKeeDeeW eje 3 veS efJeefYeVe GheeeeW kes DeueeJee meleeheve keer heefle keer Yeer MegDeele keer ieF&. DeeJeeme $e+Ce megj#ee yeercee eespevee: (vesMeveue FvMeesjWme keb.efue. kes meeLe eF&-Dehe JeJemLee) kes lenle efJeeejeOeerve Je<e& kes oewjeve yeerceekelee&DeeW eje kegue ome ogIe&vee ce=leg oeJeeW kee efveheeve efkeee ieee.
eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke eje ye[ewoe Hem& JewuLe hewke kee MegYeejbYe
efoveebke 6 ceee& 2012 kees ye[ewoe mece=ef efleceener DeeJeleea pecee SJeb ye[ewoe mece=ef ceener DeeJeleea pecee eespevee kee MegYeejbYe efkeee ieee efpevekee cegKe GsMe ke=ef<e, mJe efveeesefpele SJeb heesHesMeveue Deeefo keer meneelee kejvee nw. JeJemeee ueer[ heehle kejves Deewj efyeeer Je mesJee mebmke=efle efJekeefmele kejves kes efueS 163 ye[ewoe veJeefvecee&Ce MeeKeeDeeW ceW efyeeer heefjeeueve cee@[ue kee MegYeejbYe efkeee ieee.
Glheeo mebMeesOeve
efJeeere Je<e& 2012 kes oewjeve meYeer ces^es SJeb Menjer kesveW hej efveJeemeer YeejleereeW Deewj SveDeejDeeF&/heerDeeF&Dees kees ye[ewoe DeeJeeme $e+Ce kes lenle DeefOekelece meercee kees ceewpetoe 100 ueeKe heS mes ye{ekej 300 ueeKe heS kes hemleeJe kees Devegceesefole efkeee ieee. DeeJeeme $e+Ce KeeleeW kes meceeHetJe& meceeHeve nsleg egkeewleer heYeejeW kees 15 efomebyej 2011 mes hetCe&le: ceeHe kej efoee ieee.
yeele yeQke pecee DeefYeeeve: kece ueeiele pecee jeefMeeeW kes mebienCe kes efueS 1 petve 2011 mes oes ceen kes efueS yeele yeQke pecee DeefYeeeve keer MegDeele keer ieF&. ye{leer yeepe ojeW kes heefjMe ceW yeele yeQke pecee mebienCe keer egveewefleeeW kees Yeebheles ngS Fme DeefYeeeve keer DeJeefOe kees 31 Deiemle 2011 leke ye{e efoee ieee. yeele yeQke DeefYeeeve kees ieefleMeerue kejves keer eq mes yeele yeQke DeefYeeeve kees 2 peveJejer 2012 mes
eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke hegCes ceW Deeeesefpele "Ske Meece meer.Sce.[er kes meeLe" meceejesn ceW hegjmkeej eoeve kejles ngS
28
2011-12
Yeejle ceW GYejleer SmeSceF& hej heee&hle Oeeve keseqvle kejles ngS Deehekee yeQke 150 kejes[ heS leke kes ve&DeesJej Jeeueer Deve JeeefCeeqpeke FkeeFeeW kees SmeSceF& kes mecelegue ceeveles ngS Fve hej efJeeej kejlee jne nw. SmeSceF& meskej kes efJekeeme kes efueS yeQke ves Ske efJeefMe SJeb vetleve ef[ueerJejer cee@[ue pewmes SmeSceF& ueesve Hewkejer Meg keer nw pees Jele&ceeve ceW yeQke kes 46 kesveW hej mebeeefuele nw leLee Fmes yeepeej kee meceLe&ve Yeer efceue jne nw. SmeSceF& ueesve Hewkejer, SmeSceF& $e+Ce hemleeJeeW kees mecee hej mJeerke=le kej>es nsleg heef eee kees mejue yeveeves kee Ske veJeesvces<eer cee@[ue nw. en cee@[ue kesvere heef eee ke#e mes ege nw pees $e+Ce hemleeJeeW kee efveele meceeeJeefOe ceW MeerIe cetueebkeve Deewj Fvekeer mJeerke=efleeeW kee keee& osKelee nw. MeeKeeDeeW eje pe>ejs eqkeS ieS ueer[me hej mesume erce DevegJeleea keej&JeeF& kejleer nw. Fmekeer meHeuelee mes heelmeeefnle neskej s Deehekee yeQke Deeieeceer Je<e& ceW Fme hekeej keer Deewj DeefOeke ueesve Heweqkeeeb Keesueves ^ keer eespevee yevee jne nw. yeQke keer osMe Yej ceW meYeer hecegKe JeeJemeeefeke kesveW, eLee Deeieje, Denceoeyeeo, Fueeneyeeo, yeWieuet, yejsueer, ye[ewoe, YeerueJee[e, YegJevesej, yeuemee[, Yee, eb[erie{, esVeF&, keesecyeetj leLee osnjeotve, efouueer ceW oes, Svee&keguece, ieebOeerOeece, ieesjKehegj, nwojeyeeo, nueveer, Fvoewj, peehegj, peceMesohegj, peeceveiej, peesOehegj, keevehegj, keesunehegj, keesuekeelee, ueKeveT, uegeOeeevee, cegyeF& ceW 3, cesj", cesnmeeCee, veeiehegj, veeefmeke, hegCes, hevee, f b jepekees, jeehegj, metjle, Meenpenebhegj, JeejeCemeer Deewj efJeMeeKeehevece Hej SmeSceF& ueesve Heweqkeeeb nw. Fve SmeSceF& ueesve HeweqkeeeW ves iele Je<e& heS ^ b ^ 14,530/- kejes[ keer mJeerke=efle keer leguevee ceW efJeeere Je<e& 2012 ceW kegue 18,619/- kejes[ heS keer $e+Ce mJeerke=efle heoeve keer nw.
Je<e&
Je=ef (% Je<e&-oj-Je<e&)
SceSmeSceF& JeJemeee
ceeFees, ueIeg Deewj ceOece Geesie (SceSmeSceF&) Yeejleere DeLe&JeJemLee kee cenlJehetCe& Ieke nw. en JeJemeee Yeejle kes efJeefvecee&Ce SJeb mesJee #es$e ceW kegue Deeweesefieke Glheeove kee 40.0%, Deeweesefieke FkeeFeeW kee 95.0% leLee kegue jespeieej ceW 35.0% kee eesieoeve oslee nw. SmeSceF& #es$e ceW mesJee #es$e - efJeMes<ekej DeeF&er mebyebOeer mesJeeSb, mJeeiele melkeej mebyebOeer mesJeeSb, hee&ve, ketefjej mesJeeSb, heefjJenve Deeefo kee eesieoeve keeHeer cenlJehetCe& nw.
ye=nle cegbyeF& Debele eje Deeeesefpele Sme Sce F& eenke meccesueve kees mebyeesefOele kejles ngS keee&keejer efveosMeke eer Sve. Sme. eerveeLe
Je<e& 2010-11 ceW meW^ue peesve ceW HeerSceF&peerHeer eespevee kes Glke= keee& efve<Heeove kes efueS eer JeerjYe eEmen, kesvere SceSmeSceF& ceb$eer, Yeejle mejkeej mes Hegjmkeej eeHle kejles ngS eer Deej. kes. ye#eer, keee&keejer efveosMeke
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2011-12
iele Je<e& ceW ` 27,365 kejes[ kes Sme Sce F& $e+Ce mJeerke=le efkeS ieS Les efpemeceW (26.11%) keer oj mes ` 7,147 kejes[ keer Je=ef ngF& Deewj en Deebke[e ceee& 2012 leke ` 34,512 kejes[ hengbe ieee. efJeeere Je<e& 2012 ceW Sme Sce F& #es$e kees mJeerke=le ` 28,047 kejes[ keer kegue Deefiece jeefMe ceW met#ce GeceeW kees mJeerke=le ` 15,455 kejes[ keer $e+Ce jeefMe, 55.10% jner nw pees Yeejleere efjpeJe& yeQke eje efveOee&efjle DeefveJeee& ue#e kes Deveghe nw. Sme Sce F& DeefieceeW ves 31 ceee& 2012 leke Deehekes yeQke kes mekeue Iejsuet DeefieceeW ceW 16.8% kee eesieoeve efkeee nw. ceee& 2012 keer meceeeqhle Hej met#ce SJeb ueIeg GeceeW kees Deefiece kes mebyebOe ceW ` 27000 kejes[ kes efveOee&efjle ue#e keer leguevee ceW en mlej ` 28,047 kejes[ jne. efJeeere Je<e& 2012 keer meceeeqhle Hej Deehekes yeQke ves 10 veF& Sme Sce F& ueesve Heweqke^eeb leLee 08 veF& SmeSceF& efJeMes<eerke=le MeeKeeSb KeesueeR. Deehekes yeQke ves Deheves SceSmeSceF& JeJemeee kees ieefle osves kes efueS efJeeere Je<e& 2012 kes oewjeve ye[ewoe ewveue Heeevesevmeie pewmes Ske veS Glheeo kees heeeue DeeOeej Hej MegYeejbYe efkeee nw. Deehekes yeQke ves ueIeg SJeb met#ce GeceeW kes efueS ye[ewoe Geceer hegjmkeej kee MegYeejbYe efkeee nw.
8. Deehekes yeQke ves heefMe#eCe kesveW Deewj meHe kee@uespe kes ceeOece mes yeene heefMe#eCe leLee efJeMes<e hee"eeceeW kes peefjS SmeSceF& ueesve Heweqke^eeW ceW keee&jle heesmeseEmeie/ceekexeEie DeefOekeeefjeeW kees o#e yeveeves SJeb %eeve mebJeOe&ve kes efueS ueieeleej keee&ece Deeeesefpele efkeS. 9. Deehekes yeQke ves meYeer kees DeJeiele kejeves leLee meJeexece SmeSceF& ueesve Hewke^er kees ceener/Jeee|<eke DeeOeej hej mecceeefvele/hegjmke=le kejves kes GodosMe mes SmeSceF& ueesve Heweqke^eeW kes keee&efve<heeove keer ceeefmeke DeeOeej hej jQeEkeie heoeve kejves keer MegDeele keer. 10. SceSmeSceF& GOeejkelee&DeeW kes DeeJesoveeW kes mebienCe nsleg Deehekes yeQke ves SveSmeDeeF&meer kes meeLe mecePeewlee %eeheve hej nmlee#ej efkeS.
eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke eje Sme Sce F& yegkeues kee efJeceeseve. meeLe ceW nQ eer Sve. Sme. eerveeLe, keee&keejer efveosMeke SJeb eer pes. jcesMe, ceneeyebOeke (SmeSceF& SJeb Oeve mebHeoe eyebOeve mesJeeSB).
11. Deehekes yeQke ves Deheves SmeSceF& GlheeoeW leLee meerpeererSceSmeF& eespevee keer peevekeejer oskej GeefceeeW keer meneelee kejves nsleg Ske heeeesefieke ceeie&oe|Mekee leweej keer. 12. SmeSceF& KeeleeW keer jseEie kes efueS Deehekes yeQke ves eej esef[ jseEie SpeWefmeeeW kes meeLe mecePeewlee kejej hej nmlee#ej efkeS nQ.
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2011-12
GsMe ke=ef<e $e+CeeW kees ye{evee nw. Fve MeeKeeDeeW ves ceee& 2012 kes Deble leke kegue ke=ef<e $e+CeeW ceW 33% kee eesieoeve efkeee nw. 4. jeFme efceue, keesu[ mesjspe, kee@ve efieeEveie etefve, Heesu^er FkeeFeeW Fleeefo pewmes GeesieeW kes mebkesvCe Jeeues #es$eesb nsleg DeeHekes yeQke ves #es$e efJeefMe eespeveeSb yeveeF& nwb, pees efke mLeeveere DeeJeMekeleeDeeW kes Devegketue nQ. yeepe oj eYeej Fleeefo kes mebyebOe ceW Fve eespeveeDeeW kes lenle efJeMes<e t eoeve keer ieF& leeefke DeefOekelece JeJemeee eeHle efkeee pee mekes. ye[ewoe ieeceerCe hejeceMe& kesv (yeerpeerheerkes) Deehekes yeQke kes veJeesvces<eer heeemeeW ceW mes Ske nw efpemekes ceeOece mes yeQke ieeceerCe mecegoee kees $e+Ce kes mebyebOe ceW meueen, efJeeere efMe#ee leLee Deve mesJeeSb pewmes efke ke=ef<e GlheeoeW keer Jew%eeefveke {bie mes Kesleer Fleeefo keerceleeW kes yeejs ceW peevekeejer heoeve kejlee nw. yeQke 31 ceee& 2012 leke 52 ye[ewoe ieeceerCe hejeceMe& kesv mLeeefhele kej egkee nw. Fmekes Deefleefje efJeeere Je<e& kes oewjeve Deefleefjkele 10 ye[ewoe mJejespeieej efJekeeme mebmLeeve, ye[ewoe Deej-meser kesv Keesues ieS. Fmekes meeLe ner ye[ewoe mJejespeieej efJekeeme mebmLeeveeW keer mebKee ye{ kej 46 nes ieeer nw. Fme hekeej Deye Deehekes yeQke kes heleske DeieCeer efpeues ceW Yeejle mejkeej kes efoMeeefveoxMeeW kes Devegmeej Deej-meser nw. FveceW mes Depecesj ceW Keesuee ieee ye[ewoe mJejespeieej efJekeeme mebmLeeve hetCe&le: ceefnuee GeefceeeW kes efueS nw. yeerSmeJeerSme cetuele: Ssmes mebmLeeve nwb efpevekee heeespeve mJejespeieej Gece Meg kejves kes efueS egJeeDeeW kees heefMeef#ele kejvee Deewj Dehesef#ele keewMeue kes mebyebOe ceW %eeve heoeve kejvee nw. Je<e& 2012 kes oewjeve ueieYeie 42,786 egJee ueeYeee|LeeeW kees heefMeef#ele efkeee ieee. FveceW mes 25,791 egJeeDeeW ves mJe:jespeieej Gece mLeeefhele kej efuees nQ. en GuuesKeveere nw efke Fve kesveW eje heefMeef#ele efkeS ieS kegue 1,22,228 ueeYeee|LeeeW ceW mes Deye leke 75,050 ueeYeee|LeeeW ves Deheves mJejespeieej Gece mLeeefhele kej efueS nQ.
Depecesj jepemLeeve ceW ye[ewoe efkemeeve esef[ kee[& kee efJelejCe - meceejesn ceW eer Se. Deej. Keeve, GHe ieJeve&j, Yeejleere efj]peJe& yeQke SJeb eer Sve. Sme. eerveeLe, keee&keejer efveosMeke GHeeqmLele Les
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Hewkejer Keesueer nw. ceeFees HeeF&vesvme ueesve Hewkejer kes heeme ceesyeeFue Jewve nw efpemeceW mJeeb meneelee mecetn efJeehees<eCe mebyebOeer mecemle msMevejer, omleeJespe SJeb Deve megefJeOeeSb GheueyOe nQ. FmeceW Ssmes DeefOekeejer nesles nQ, pees mJeeb meneelee mecetneW kees eLeemLeeve leLee Gvekes heeme peekej GvnW 25,000 . leke kes $e+Ce mJeerke=le SJeb efJeleefjle kejves kes efueS DeefOeke=le nQ.
mesJee Deehete|lekelee&
Deehekes yeQke ves yeermeer cee@[ue kes efueS Sb[ t Sb[ meesuetMeve kes efueS mesJee Deehete|lekelee& kes he ceW cesmeme& ermeerSme SJeb cesmeme& SemeerSue kee eeve efkeee nw. Fve mesJee Deehete|lekeleeDeeW kees mesJee #es$e Deeyebefle kej efoS ieS nQ. SmeSueyeermeer eje Deehekes yeQke kees Deeyebefle 2864 ieebJe ceW mes ermeerSme kees 1979 ieebJe Deewj SemeerSue kees 85 ieebJe Deeyebefle efkeS ieS nQ.
PeeyegDee-Oeej #es$eere ieeceerCe yeQke, heOeeve keeee&uee, PeeyegDee. Fve heebeeW #es$eere ieeceerCe yeQkeeW kee kegue JeJemeee 15.37% keer Je=ef kes meeLe ceee& 2011 kes Deble kes 18,803 kejes[ . mes ye{ kej ceee& 2012 kes Deble ceW 21,693 kejes[ . nes ieee. Fve heebeeW #es$eere ieeceerCe yeQkeeW ves Je<e& 2012 kes oewjeve 120 kejes[ . kee Meg ueeYe Dee|pele efkeee peyeefke Je<e& 2011 kes oewjeve 117 kejes[ . kee Meg ueeYe Dee|pele efkeee Lee. Fve heebeeW #es$eere ieeceerCe yeQkeeW keer meceie Meg ceeefueele ceee& 2011 kes Deble ceW 730 kejes[ . mes ye{ kej ceee& 2012 kes Deble ceW 883 kejes[ . nes ieeer Deewj Deejef#ele efveefOeeeb leLee DeefOeMes<e ceee& 2011 kes Deble kes 453 kejes[ . mes ye{ kej ceee& 2012 kes Deble ceW 566 kejes[ . nes ieS.
heeweesefiekeer SJeb [se megj#ee SHeDeeF& [se SJeb mebJeJenejeW kees SHeDeeF& meJe&j / mesJee Deehete|lekelee&DeeW kes ies-Jes kes ceeOece mes Deehekes yeQke kes meeryeerSme (keesj yeQeEkeie meesuetMeve) ceW Skeerke=le efkeee peelee nw. SHeDeeF& meJe&j Deehekes yeQke kes [se meWj ceW jKee ieee nw, efpeme leke Jesv[j kees kesJeue jKejKeeJe kes heeespeve mes ShueerkesMeve meeHeJesej leke meerefcele hengbe ner nesieer. [se Deehekes yeQke kes efveeb$eCe kes Debleie&le nesiee. Fme hekeej [se keer megj#ee keer heee&hle meeJeOeeveer jKeer ieeer nw.
meeryeerSme ceW KeeleeW kees Deheuees[ kejves leLee eEueke MeeKeeDeeW eje kesJeeemeer meleeheve kes yeeo ieenke kees mcee& kee[& peejer efkeS peeles nQ.
JeJemeee heefleefveefOe (yeermeer) mesJee Deehete|lekelee&DeeW ves jepe / Debeue mlej hej keeheexjs yeermeer efveege efkeS nQ. efveosMeke ceC[ue eje Devegceesefole yeermeer eeve hee@efuemeer kee DevegmejCe kejles ngS Deehekes yeQke keer eEueke MeeKeeDeeW kes hejeceMe& mes Heeru[ mlej hej JeJemeee SpeWCeW kee eeve efkeee peelee nw.
peye yeermeer keer efveegefe keer peeleer nw, GvnW mesJee Deehete|lekelee& eje lekeveerkeer heefMe#eCe GheueyOe kejeee peelee nw. Deehekes yeQke kes Deejmeser, heefMe#eCe kesv SJeb ye[ewoe ieeceerCe hejeceMe& kesv (yeerpeerheerkes) yeQeEkeie Glheeo leLee ieenke mesJee mebyebOeer heefMe#eCe GheueyOe keje jns nQ. yeermeer kees Yeer ceevelee heehle heefMe#eCe heefleeveeW kes ceeOece mes DeeF&DeeF&yeerSHe (Yeejleere yeQeEkeie SJeb efJeeere mebmLeeve, cegbyeF&) kes yeermeer heceeCehe$e keee&ece ceW Meeefceue nesves kes efueS heeslmeeefnle efkeee peelee nw. Deehekes yeQke kes meYeer yeerSmeJeerSme kesveW kees DeeF&DeeF&yeerSHe eje Fme heeespeve mes ceevelee oer ieeer nw.
efJeeere meceeJesMeve kes yeejs ceW Deehekes yeQke kes meHe kee heefMe#eCe efJeeere Je<e& 2012 kes oewjeve Deehekes yeQke kes heefMe#eCe kesveW kes ceeOece mes efJeeere meceeJesMeve mes mecye ueieYeie 1,079 MeeKee heyebOekeeW kees heefMe#eCe efoee ieee. Deehekes yeQke ves Deheves DeefOekeeefjeeW kes efueS efJeeere meceeJesMeve hej efJeMes<e heefMe#eCe keee&ece leweej kejves SJeb Deeeesefpele kejves nsleg je^ere ieeceerCe efJekeeme mebmLeeve (SveDeeF&Deej[er) nwojeyeeo kes meeLe eF-Dehe JeJemLee keer nw.
Deehekes yeQke ves meHe kees efMeef#e le kejves nsleg Deheves Fv^eves hej SHeDeeF& F&-uee\veie cee[detue Yeer heejbYe efkees nQ.
efJeeere meceeJesMeve kes Debleie&le Devegheeueve kee cee@veereEjie Deehekes yeQke kes heeme efJeeere meceeJesMeve kes Devegheeueve SJeb cee@veereEjie kes efueS Ske megmhe mebjevee nw.
yeermeer kes heYeeJeer hee&Jes#eCe keer eq mes heleske 10-15 yeermeer SpesCeW
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keee&efve<heeove
Deehekes yeQke ves efJeeere meceeJesMeve kes Debleie&le Deeyebefle efkeS ieS 100 heefleMele ieebJeeW kees keJej kejves kee keee& Debeflece leejerKe ceee& 2012 kes Deble leke mes keeHeer mecee hetJe& hetje kej efueee. Fve ieebJeeW ceW 7.10 ueeKe kes ue#e keer leguevee ceW 7.61 ueeKe efJeeere meceeJesMeve Keeles Keesues ieS nw.
heeej
efJeeere meceeJesMeve kes efJeefYeVe ejCeeW ceW Deehekes yeQke kes DebeueeW/#es$eeW/ MeeKeeDeeW eje efJeMes<e he mes leweej kejJeees iees yewvejeW/heesmjeW/heeeX kee Gheeesie efkeee pee jne nw. heex/heesmj #es$eere Yee<eeDeeW ceW leweej kejJeeS ieS nQ SJeb ieebJe ceW yeebs iees nQ. heeej meeceieer kes Gheeesie ves ueesieeW kees SHeDeeF& keer DeJeOeejCee keer Deeleve peevekeejer GheueyOe kejeves ceW meneelee keer nw leLee Jes SHeDeeF& veeceebkeve keer leejerKe, mLeeve Deeefo kes yeejs ceW Yeer peevekeejer jKeles nQ. Deehekes yeQke kes mJeeefYeceeve ueesiees kee ieebJe kes meeFveyees[&, yeermeer kes heneevehe$e, er Me&, kewhe ceW Gheeesie efkeee pee jne nw.
Deehekes yeQke ves Deheves 45 DeieCeer efpeuees ceW 39 efJeeere mee#ejlee SJeb hejeceMe& kesv (SHeSuemeermeer) Keesues nQ. Deehekes yeQke ves 46 Deej-meser (ye[ewoe mJejespeieej efJekeeme mebmLeeve) Yeer mLeeefhele efkeS nQ, efpeveceW mes 42 DeieCeer efpeuees ceW nQ, pees efJeeere mee#ejlee kes heeemeeW kees megefJeOeepeveke yeveeSbies. Deehekes yeQke eje meYeer efJeefvee|o ieebJe ceW yeQeEkeie GlheeoeW SJeb mesJeeDeeW kes yeejs ceW peeiekelee ueeves nsleg ieece mlej keer yew"keW Deeeesefpele keer ieeer nQ. veece ope& kejles mecee ieebJe ceW efMeefJejeW kee Deeeespeve Yeer efkeee ieee.
efJeeere meceeJesMeve keer ieefle kees ye{eves nsleg Deehekes yeQke ves ceesyeeFue yeQeEkeie Jewve kee heejbYe efkeee nw. Fve Jewve ceW meer[erSceS heeweesefiekeer kes ceeOece mes meeryeerSme kes meeLe keveskeerJeerer nesieer Deewj es efveOee&efjle leejerKe SJeb mecee hej ieebJe kee oewje kejWies. es mesJeeSb Deehekes yeQke kes Deheves meHe meomeeW kes ceeOece mes GheueyOe kejeF& pee jner nw. Ssmes heebe Jewve kees mebeeefuele efkeee ieee nw Deewj es ueieYeie 4 ieebJe kees keJej kejWies. (iegpejele ceW 1, Gej heoMe ceW 2, efyenej ceW 1, SJeb ieesJee ceW 1). s
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2011-12
ieebJe ceW etSmeyeer kes efueS peien eLee-mebYeJe ieece hebeeele ee meeceeve mesJee kesv ceW efveOee&efjle keer peeleer nw. heleske etSmeyeer kes Devoj Deehekes yeQke kes eje etSmeyeer ceW GheueyOe kejeeer peeves Jeeueer mesJeeDeeW kees oMee&ves Jeeuee yees[& heoe|Mele efkeee peelee nw. Jeneb Ske Ssmee yees[& Yeer neslee nw, efpeme hej ieecepeveeW keer megefJeOee nsleg yeermeer kee yeewje, Gmekee Heesve vecyej, veece/eEueke MeeKee kee mecheke& vecyej, DeefOekeejer kes oewjs kes efueS efveOee&efjle leejerKe SJeb mecee Deeefo yeewje heoe|Mele efkeee peelee nw. JeJemeee heefleefveefOe Ske meercee leke vekeo jeefMe pecee kejves, Yegieleeve, Oeve hes<eCe, Mes<e jeefMe keer hetlee, ese efJeJejCe Deeefo GheueyOe kejelee nw. efJee ceb$eeuee eje oMee&es iees Devegmeej ieebJe ceW efJeeere meceeJesMeve mebyebOeer ieefleefJeefOeeeW kes mebyebOe ceW eEueke MeeKee mes Ske DeefOekeejer mehleen ceW Ske yeej, hetJe&-efveOee&efjle efove SJeb mecee hej etSmeyeer kee oewje kejlee nw. ueIeg yeQeEkeie mesJee kesv ceW vetvelece Heveeaej, pewmes efke Ske syeue, leerveeej kege|meeeb Deeefo GheueyOe kejeF& peeleer nbw.
Yee<ee mes heefjefele nes Deewj Jes ieecepeveeW mes mecegefele he mes peg[ mekeW. Fmemes Deehekes yeQke, Yeejle mejkeej kes efJeeere meceeJesMeve kes veJeesvces<eer heeemeeW kes efJe<ee ceW ieecepeveeW ceW efJeeeme keer YeeJevee hevehesieer. Ssmes #ecelee-efvecee&Ce keee&ece kes heeeue heespeske kee heejbYe iegpejele ceW efkeee peeSiee SJeb Fme heeeue heespeske keer meHeuelee kes yeeo Deve jepeeW ceW Yeer Fmes ueeiet efkeee peeSiee.
efJelleere Je<e& 2012 kes oewjeve Devegmetefele peeefle / Devegmetefele pevepeeefle mecegoeeeW kees Deefiece
yeQke eje Devegmetefele peeefle / Devegmetefele pevepeeefle kes ueesieeW kees efoes peeves Jeeues DeefieceeW ceW Je<e&-oj-Je<e& Je=ef nes jner nw. en yeele Fme leLe mes mhe< nw efke Fve mecegoeeeW kes ueeYeeefLe&eeW kees cebpetj efkees iees DeefieceeW keer jeefMe ceee&, 2011 kes Deble leke kes 3,760 kejes[ hees mes ye{kej ceee&, 2012 kes Deble ceW 4,336.02 kejes[ hees nes ieF&. Jemlegle: meceer#eeOeerve Je<e& kes oewjeve kecepeesj Jeie& kes ueesieeW kees cebpetj efkees iees kegue DeefieceeW ceW Devegmetefele peeefle / Devegmetefele pevepeeefle kees efoes iees DeefieceeW kee DebMe 27% nw. Fmekes Deefleefjkele, yeQke ves efJeefYevve mejkeejer eeeesefpele eespeveeDeesb eLee mJeCe&peevleer ieece mJejespeieej eespevee (SmepeerSmeJeeF&) mJeCe& peevleer Menjer jespeieej eespevee (SmepesSmeDeejJeeF&), eOeeveceb$eer jespeieej me=peve keee&ece (heerSceF&peerheer) Fleeefo kes lenle Devegmetefele peeefle / Devegmetefele pevepeeefle kes ueesieeW kes efJelle hees<eCe hej efJeMes<e Oeeve efoee nw. en GuuesKeveere nw ye[ewoe mJejespeieej efJekeeme mebmLeeve eefMe#eeefLe&eeW kee eeve kejles mecee Devegmetefele peeefle / Devegmetefele pevepeeefle mes peg[s ueesieeW kees Jejerelee os jns nQ. DeYeer leke Fve kesvesb ves Devegmetefele peeefle / Devegmetefele pevepeeefle esCeer kes 55,761 egJeeDeesb kees eefMeef#ele efkeee nw.
Deblejje^ere JeJemeee
ogefveee Yej ceW Deveske osMeeW eje lelHej keej&JeeF& efkeS peeves kes yeeJepeto Jeweqeke DeLe&JeJemLee 2008 kes DeeefLe&ke mebke mes Hetjer lejn Gyej veneR HeeF& nw. Fme egveewleerHetCe& HeefjMe ceW DeeHekes yewbke kes Debleje&^ere Heefjeeueve ves efJelleere Je<e& 2012 kes oewjeve Meeveoej HeefjCeece neefmeue efkeS leLee Jeweqeke mebkeeW kees meHeueleeHetJe&ke meecevee kejves keer yeQke keer #ecelee kees Gpeeiej efkeee. efveOee&efjle ue#eeW keer eeefHle nsleg DeeefLe&ke SJeb yeQeEkeie HeefjJesMe kees efvejblej mecePevee SJeb Gmemes meerKe uesles ngS JeeJemeeefeke eqkeesCe SJeb keej&JeeF& ceW pejer HeefjJele&ve ueevee DeeJeMeke nw. DeeHekes yeQke ves Jeweqeke nueeueeW kes keejCe DeHeves Heefjeeueve osMeeW kes DeeefLe&ke / efJelleere #es$e ceW GYejves Jeeueer eJe=eflleeeW Hej efvejblej Oeeve yeveeS jKee. DeeHekee yeQke efJeosMeer MeeKeeDeeW kes ye[s vesJeke& leLee Je<eeX kes oewjeve yeves eenke DeeOeej kes keejCe yesnlej efmLeefle ceW nw. DeeHekes yeQke ves JeJemeee kes Ske ye[s efnmmes kees eeHle kejves kes efueS efJeosMeer kesveW Hej efJeefYeVe eeweesefiekeer SJeb Deve HenueW keer nQ. efJelleere Je<e& 2012 kes oewjeve Meeveoej keee&efve<Heeove yeQke eje DeHeveer #eceleeDeeW kees efJemle=le SJeb yesnlej kejves kes mebyebOe ceW efkeS ieS efvejblej eeemeeW leLee Fmekes efnleOeejkeeW mes eeHle eqvejblej meceLe&ve kes keejCe mebYeJe nes mekee. DeeHekes yeQke kes Debleje&^ere Heefjeeueve ves Jeweqeke mlej Hej efvejblej DeleefOeke
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2011-12
Je=ef jner. Deehekee yeQke yeepe Deee ceW megOeej kej mekee leLee Deve Deee ceW Yeer Deer Je=ef jner. Deehekes yeQke kes Jewefeke Meg ueeYe ceW Deblejje^ere heefjeeueve kee eesieoeve 23.35% jne.
eer DeCe eerJeemleJe, eyebOe efveosMeke, yeQke Dee]He ye[ewoe (kesvee) efue., megeer pegves ieOeesveer, efveosMeke, cesHeue cewvespeceW F&m Fbef[ee efue. mes "o ceesm FHeereEMeS yeQke DeJee[&" eeHle kejles ngS
JeeJemeeefeke DeJemejeW kee ueeYe G"eves kes efueS MeeKee efJemleej eespevee kees peejer jKee ieee. efJelleere Je<e& 2012 kes oewjeve 5 veF& MeeKeeSb / keeee&uee Keesues ieS efpemeceW Deveg<ebefieeeW keer 4 MeeKeeSb Meeefceue nQ. DeeHekes yeQke ves GYejves Jeeues veS kesveW Hej ceewpeto DeJemejeW kee ueeYe G"eves leLee Heefjeeueve osMe ceW DeHevee yeepeej efnmmee ye{eves kes efueS Gve osMeeW ceW DeHeves vesJeke& kees efJemleeefjle kejves Hej Oeeve keseqvle efkeee, peneb Jen Henues mes ceewpeto nw.
Deblej&e<^ere GheefmLeefle
vetpeeruewC[ ceW heefjeeueve keer MegDeele kes meeLe yeQke keer efJeosMeer GheefmLeefle Deye 24 osMeeW ceW 89 MeeKeeDeesb / keeee&ueeeW ceW nes ieF& nw yeQke DeesJejmeerpe MeeKeeSb / keeee&uee yeQke kes heefleefveefOe keeee&uee yeQke keer efJeosMeer Deveg<ebefieeeW keer MeeKeeSb kegue 55 2 32 89
kegue Deeeqmleeeb
Deehekes yewke kes Deblejje^ee heefjeeueve keer kegue Deeeqmleeeb ceee& 2011 kees meceehle r DeJeefOe keer jeefMe hees 91,273 kejes[ mes ye{kej ceee& 2012 ceW hees 1,28,398 kejes[ nes ieF& nw. Fme hekeej Je<e& kes oewjeve 40.67% Je=e jner. f
Gheeg&kee kes Deefleefje ]peeeqcyeee ceW Deehekes meneesieer yeQke keer 14 MeeKeeSb nQ
efJeosMeer efJemleej
efJee Je<e& 2012 kes oewjeve Deehekes yeQke ves Heebe veF& MeeKeeSb / keeee&uee (Deveg<ebefieeesb kees Meeefceue kejles ngS) Keesues nQ. ncejeree eer peesve, Meejpeen (etSF&) ceW Ske Fueske^e@efveke yeQeEkeie meefJe&me etefve (F&yeerSmeet) leLee Deveg<ebefieeeW keer eej MeeKeeSb DeesJeervees ceekex (etieeb[e), keekeecesiee (kesvee), veeueer (kesvee) leLee cee@ve jsHeesme (iegeevee) ceW Keesueer ieF.
ueeYe
efJeeere Je<e& 2012 ceW mekeue ueeYe ceW efheues Je<e& keer leguevee ceW 48.51% keer GuuesKeveere Je=e jner. Je<e& kes oewjeve Meg ueeYe ceW Yeer 45.19% keer heMebmeveere f
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2011-12
jne nw Deewj heee&hle keejesyeej Yeer heehle kej jne nw keeesbefke efJeosMeer cege mebmeeOeveesb kes efueS Yeejleere keeheexjsdme keer ceebie ye{leer pee jner nw. $e+Ce emleeJe eeHle kejves ceW yeQke kes Debleje&^ere ceeX yeQefkeie ke#e keer meefee Yetefcekee Yeer jnleer nw.
heeweesefiekeer
31 ceee&, 2012 kees meceehle DeJeefOe ceW efJeosMeer keeee&ueeeW SJeb Deveg<ebefieeeW ceW S.er.Sce. keer mebKee ye{kej 76 nes ieF& nw (45 Dee@vemeeF SJeb 31 Dee@HemeeF) pees 31 ceee&, 2011 kees 68 (42 Dee@vemeeF SJeb 26 Dee@HemeeF) Leer. et.kes., et.S.F&., yeneceepe, yenefjve, nebiekeebie, eEmeieehegj SJeb yesequpeece ceW iueesyeue ^spejer meesuetMeve kees keeee&efvJele efkeee ieee nw. kesverke=le eqmJeHe ieefleefJeefOe Deehekes yeQke kes [se meWj mes heefjeeefuele keer pee jner nw.
iegeevee ceW ceeve efjHeespe MeeKee kee GodIeeve
et.kes. SJeb et.Sme.S. kes DeueeJee meYeer #es$e/ Deveg<ebefieee Gvekes eqmJeHe heefjeeueve eqmJeHe ke#e, [se meWj kes ceeOece mes kej jner nw. keeee&eqvJele keer ieF& Yegieleeve mebosMe heefle keesj yeQefkeie meesuetMeve (efHeveekeue) SJeb eqmJeHe kes ceOe keer ke[er nw pees Deeves Jeeues SJeb peeves Jeeues eqmJeHe mebosMeeW kees Sver ceveer ueebeE[^ie peebe kes meeLe meerOes heesmeseEmeie ceW ceoo kejleer nw. Fmemes et.kes. SJeb et.Sme.S. kes DeueeJee meYeer #es$eeW/ Deveg<ebefieeeW ceW keeee&eqvJele efkeee ieee nw. Deehekes yeQke ceW yesequpeece SJeb et.Sme.S. kees es[kej Sver ceveer ueebeE[^ie F&jspe (yewe cees[) meYeer efJeosMeer kesveW hej keeee&eqvJele efkeee ieee nw. et.Sme.S. kees es[kej meYeer efJeosMeer kesveW hej Sver ceveer ueebeE[^ie Dee@veueeFve efuem ceweEeie meesuetMeve kees keeee&eqvJele efkeee ieee nw.
eEme[erkesMeve meWj
Deehekes yeQke kes uebove SJeb ogyeF& ceW iueesyeue eEme[erkesMeve meWj eqmLele nw, peneb Debleje&^ere yeepeej kes eEme[erkesMeve $e+Ceesb hej Oeeve kesefvle efkeee peelee nw. eEmeieehegj ceW keee&jle Dee@HeMeesj yeQeEkeie FkeeF& kees Deewj DeefOeke meMekele yeveeee pee jne nw leeefke Jen keejesyeej ye{eves ceW DeefOeke meefee Yetefcekee kee efveJee&n kej mekes. yeQke kes keejheesjs keeee&uee, cegcyeF& eqmLele Debleje&^ere ceeX yeQefkeie ke#e, #es$eere eEme[erkesMeve kesv Yeer meneesieer keer Yetefcekee efveYee
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2011-12
mes ieenkeeW kes he#e ceW Deehekes yeQke kees heehle peceeDeeW kes yeejs ceW lelkeeue meteveeDeeW kee Deeoeve-heoeve oslee nw. efyepevesme heesmesme jer-FvpeerefveeeEjie kes lenle Deehekes yeQke ves iueesyeue ^spejer meeuetMeve kees meYeer ye[s efJeeere kesveW hej meHeueleehetJe&ke hetje efkeee nw iueesyeue ^spejer huesHeece& mejuelee mes cegcyeF&, uevove, yeneceeme, yegMesume, ogyeF&, yenjerve, eEmeieehegj, nebiekeebie Deewj veteeke& ceW keee& kej jne nw. efJee Je<e& 2012 kes oewjeve Je=ef SJeb cetue eqmLejlee yeveees jKevee egveewleer kes he ceW meeceves Deees. es egveewefleeeb meKle ceewefke veerefle Deewj Oeerceer Deee|Leke efJekeeme kes heYeeJe ceW Deewj iebYeerj nes ieF. DeLe&JeJemLee kes Deefiece DevegceeveeW mes helee euelee nw efke efJee Je<e& 2012 ceW Je=ef oj Devegceevele: 6.9% jnsieer. Fmekes hetJe&Jeleea oes Je<eex ceW en Je=ef oj 8.4% Leer. Fmemes Deee|Leke ceboer kes kesJeue efheues oes Je<eex ceW ner veneR yeequke 2003 mes 2011 (efJee Je<e& 2009 iueesyeue efJeeere mebke kees es[kej) kes oewjeve nesves kee helee euelee nw. efJee Je<e& 2012 kes oewjeve Yeejleere efj]peJe& yeQke ves yeepe ojeW ceW 125 DeeOeej eEyeogDeeW keer Je=ef keer efpememes efjhees js 8.50% nes ieee. Fmekes hetJe& ceW efomecyej 2011 ceW Lees[s "njeJe kes mebkesle Les. Deee|Leke heCeeueer ceW lejuelee ueeves kes efueS Yeejleere efj]peJe& yeQke ves meer.Deej.Deej. (heejef#ele vekeoer Devegheele) ceW Je<e& 2012 keer Debeflece efleceener ceW mebefele 125 DeeOeej eEyeog keer keceer kej oer leLee .1,29,252 kejes[ kee Deesheve ceekex heefjeeueve efkeee. Deehekes yeQke keer ^spejer DeHeves Jele&ceeve GlheeoeW pewmes DeeF& Deej Sme, meer.DeeF&. Deej.Sme. HeejJe[& SJeb DeeheMebme kes DeeOeej Hej yeepe ojeW Deewj efJeosMeer cege peeseKeceeW kees kece kejves kes efueS Deheves ieenkeeW keer DeeJeMekeleeDeeW kes Deveghe f leweej meceeOeeve heoeve kejlee nw. Je<e& 2012 ceW Deehekes ^pejer ef[Jeerpeve ves s efJeefYeVe yeepeejeW ceW GheueyOe Dee|Je^pe DeJemejeW, Deeeqmle Jeie&; efpemeceW cege yeepeej, s meeryeerSueDees, keeue ceekex efjhees, mejkeejer heeleYeteleeeb Meeefceue nb, leLee Heesjkeme f f w s ceekex ceW DeJemejeW kee ueeYe G"eee. ^pejer ves yeepeej ceW Gleej e{eJe kee s Heeeoe G"eee leLee DeesJej veeF Fv[skem[ mJewhe, DeeF.Sve.yeer.Sce kes mJewhe kees GheueyOe nsepeie, Deewj ^e[ie DeJemejeW kes efueS Gheeesie efkeee. E sE meKle ceewefke veerefle Deewj Gmekes meeLe Ieesef<ele Ge $e+Ce keee&eceeW kes HeuemJehe 10 Je<eeae mejkeejer heefleYetefleeeW kee yeseceeke& veJecyej 2011 ceW 9% kes Gemlej leke HengBe ieee. Fme he=Yetefce ceW ^spejer ves hee@&Heesefueees keer mecegefele DeJeefOe kees yeveees jKeves hej Oeeve keseqvle efkeee efpememes cetueebkeve hej kece mes kece heefleketue heYeeJe he[s leLee efveJesMe hees&Heesefueees hej yesnlej Deewmele ueeYe heehle nes. Iejsueg Sme.Sue.Deej. efveJesMe hej Deewmele Deee 7.87% jner. efJee Je<e& 12 ceW ^spejer ves 6,032 kejes[ keer Deee, yeepe / yes ceW Dee|pele keer. peyeefke efveJesMe keer efyeeer mes ueeYe leLee efJeosMeer cege mes ueeYe eceMe: .622 kejes[ leLee .412 kejes[ jne. efJee Je<e& 2012 kes oewjeve Yeejleere FeqkeJeer yeepeej ceboe jne. Ssmee Decesefjkeve DeLe&JeJemLee ceW Oeerceer heieefle, etjesefheeve meeyejsve [s eeFefmeme Deewj SHe.DeeF&.DeeF&. kes Yeejle meefnle GYejles yeepeejeW ceW Oeerces Deblee&Jeen kes meceeqvJele eYeeJe kes keejCe ngDee. efJeosMeer efveJesMekeeW mes jeefMeeeW kee Deeieceve efJee Je<e& keer Debeflece efleceener ceW ye{e Deewj Fme keejCe yeepeej ves lespeer heke[er. ^spejer kes FeqkeJeer [smke ves Deheves hee@&Heesefueees kees meefeelee mes eyebefOele efkeee leLee efveeefcele DeblejeueeW hej ueeYe yegke efkeee. etjespeesve mebke kes meeceves Deeves kes yeeo Jewefeke DeLe&JeJemLee ceW Deefveeqelelee keer eqmLeefle yeve ieeer efpemekee heYeeJe Yeejleere DeLe&JeJemLee hej Yeer he[e. HeuemJehe Je=ef oj ceW efiejeJe, Ge eeuet Keelee Ieee (kew[) Deewj hetbpeer
efJeefveeeceke Devegheeueve
Deehekee yeQke efJeefveeeceke Devegheeueve kejves kes efueS peevee peelee nw SJeb mecyeeqvOele osMe kes efJeefveeceeW kee meeJeOeeveer mes heeueve kejlee nw. Deehekes yeQke kes heeme meYeer hekeej kes JeJemeeeeW SJeb heefjeeueveeW ceW efJeefveeceeW kes DevegheeueveeW kees megefveeqele kejves nsleg hecegKe efJeosMeer kesvesb hej mecee|hele Devegheeueve erce nw. Jes efJeefveeeceke Devegheeueve eqkeesCe mes mecyeeqvOele heneeve SJeb kej efveOee&jCe leLee Devegheeueve mecyeeqvOele ceeceueeW, cee@efveeEjie SJeb efjheese\ie nsleg Gejoeeer nesles nQ. meYeer efJeosMeer kesvesb hej mLeeveere efJeefveeeceke DeeJeMekeleeeeW kes Deveghe efJeJeskemeccele veerefleeeb yeveeeer ieF& nQ. es #es$e / Deveg<ebefieeeb megefveeqele kejleer nQ efke Fvekeer DeeJeefOeke meceer#ee - efkees pee jns keejesyeej, yeoueles heefjMe SJeb efJeefveeeceke efoMeeefveoxMeeW ceW eefo keesF& mebMeesOeve ngDee nes, kees Oeeve ceW jKeles ngS keer peeleer nw.
^spejer heefjeeueve
Deehekes yeQke ceW ye[ewoe meve e@Jej keeheexjs keeee&uee, cegcyeF& ceW Deefle DeeOegefveke [ereEueie ce keee&jle nw. Fme [ereEueie ce kes ceeOece mes Deehekee yeQke ^spejer heefjeeueve kees hetje kejves kes efueS hetjer lejn leweej nw. ^spejer Iejsueg heefjeeueve kee keee& mebeeefuele kejlee nw leLee efJeefYeVe ceekex ceW keee& keueeheeW pewmes, efJeosMeer cege, yeepe ojW, meeJeefOe Deee, [sjerJesefJme , FeqkeJeer Deewj Deve Jewkeequheke Deeeqmle keueemespe kee keee& osKevee nw. Deehekee yeQke Deheves ieenkeeW kees keF& efJeeere mesJeeSb heoeve kejves kes efueS Deefle DeeOegefveke wkevee@ueespeer huesHeece& kee Gheeesie kejlee nw. Fve mesJeeDeeW ceW yeepe oj mJewhe, cege mJewhe, Jeeeoe SJeb DeehMeve Meeefceue nw. Deehekes yeQke ves Deefle DeeOegefveke mJeeeefuele [ereEueie heCeeueer mLeeefhele keer nw. efpememes jereue eFce Deees pevejss[ efJeosMeer cege ojW hetjs osMe ceW Hewueer heeefOeke=le MeeKeeDeeW kes ceeOece mes Deheves ieenkeeW kees GheueyOe kejeF& peeleer nw. ieenkeesvcegKeer keoce kes he ceW efJee Je<e& 2012 ceW iueesyeue "^spejer mee@uetMeve" ceW mebJeOe&ve efkeee ieee efpememes efJeosMeer heefleefveefOeeeW kes ceeOece
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2011-12
Deeieceve ceW keceer Deeeer. Je<e& 2008 ceW mebke kee Deeieceve cegKele: yewuesvme Dee@]He hescesv (yeer.Dees.heer) ewveue kes eje ngDee Lee. efJee Je<e& 2012 keer leermejer efleceener ceW efveee&le keer oj ceW keceer jner, peyeefke Deeeele Ge ojeW hej yevee jne. Fmekee keejCe lesue keer Debleje&^ere Tbeer keerceleW LeeR. Fmekes meeLe ner, efJeosMeer mebmLeeiele efveJesMeeW ceW keceer Deeeer efpemekee heYeeJe hetbpeer Keeles leLee SkemeeWpe js hej He[e jne, pees hetJe&Jeleea meYeer ojeW mes Deeies .54.23 heefle et.Sme [euej efoveebke 15 efomebyej 2011 kees hengbe ieee. ^spejer keer efJeosMeer cege [smke ves meeJe&peefveke #es$e kes yeQkeeW ceW Heejskeme [smke ceW Deheveer Meer<e& eqmLeefle kees yeveees jKee. heesheeFjer ^seE[ie [smke ves GheueyOe Deee|Je^spe yeepeej kes Gleej e{eJe kee ueeYe G"e kej, meKle lejuelee keer eqmLeefle ceW Yeejleere yeepeejeW hej he[ jns heYeeJe kee ueeYe G"ekej mebmeeOeve pegees Deehekes yeQke keer ^spejer kes efJeosMeer cege [smke kee ve& DeesJej Je<e& oj Je<e& DeeOeej hej Je<e& 2012 ceW ueieYeie 14.0% ye{e. Deehekes yeQke kee ^spejer efce[ DeeefHeme yeepeej Skemeheespej efveosMeke ceb[ue eje efveOee&efjle meercee kees jereue eFce kes DeeOeej hej ceeveerj kejlee nw. peesefKece heyebOeve hewjeceerme& efpemeceW Jewuet Sefjmke (JeerSDeej) kees meYeer hees&Heesefueees hej yeepeej peesefKece kees veeheves kes efueS heeesie ceW ueeee peelee nw. Fve GheeeeW kees peesefKece vecyejeW hej yewke semie kes meeLe veehee peelee nw Deewj kejWmeer heesHeesefueees ceW efJeefYeVe efveJesMeeW keer m^sme semie keer peeleer nw.
oer peeleer nw. ieeceerCe peveeW ceW efJeefYeVe efJeeere Deewj yeQeEkeie mesJeeDeeW kes yeejs ceW peeiekelee ueeves kes efueS Deewj efJeeere meceeJesMeve keer heefeee ceW lespeer ueeves nsleg Deehekes yeQke ves 21 efJeeere mee#ejlee Deewj $e+Ce HejeceMe& kesv (SHeSuemeermeer) keer mLeehevee efJee Je<e& 2012 ceW keer nw. Fme hekeej en mebKee 39 nes ieF& nw.
eer Sve. Sme. eerveeLe keee&keejer efveosMeke yeerSmeJeerSme metjle ceW Ske eefleYeeieer kees eceeCeHe$e eoeve kejles ngS
Deehekes yeQke ves 52 ye[ewoe ieeceerCe hejeceMe& kesv mLeeefhele efkeS nQ efpemeceW %eeve efJeefvecee, mecemee meceeOeeve Deewj hetjs osMe ceW ieeceerCe-peveeW kees $e+Ce meueen
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2011-12
jKejKeeJe, mesume ^wkej cee[etue, kesverke=le mesJee kej, F.yeer.Deej. meer. (yeQke efjeueeFpesMeve mee|efHekes), cee[etue, Keelee mebKee heesxefyeefueer, Jeke&Heuees Dee@escesMeve Hee@j vet heWMeve mkeerce - mJeeJeuebyeve kees Je<e& kes oewjeve keeee&eqvJele efkeee ieee. Fvjves yeQeEkeie ceW efJeeeme SJeb megj#ee ye{eves kes efJeeej mes Deehekes yeQke ceW Hee[ cewvespeceW meeuetMeve kees DeHeveekej mebyebefOele megj#ee Heerej ye{e efoS nQ, GmeceW oes Hewkej DeefOeheceeCeve Yeer Meeefceue nQ. Deehekes yeQke ves Fbjves yeQeEkeie ewveue ceW keg Deewj DeefOeke megefJeOeeSb ye{e oer nQ. Fbjves yeQeEkeie, DeLee&le ye[ewoe keveske Deye lespeer mes SJeb megj#eehetJe&ke efveefOeeeW kee DeblejCe kejlee nw. en Deve he#e kees (yee@ye kes Debleie&le), mJeeb kees leLee FbjyeQke megefJeOee oslee nw. GheueyOe Deve megefJeOeeDeeW ceW meeJeefOe pecee kee MegYeejbYe, jsueJes Yee[e Yegieleeve megefJeOee, hele#e SJeb hejes#e kejeW kee Deeve ueeFve Yegieleeve leLee keg jepe mejkeejeW kes kejeW kee Yegieleeve, eterefueer efyeume, jsue efke, Deeve ueeFve Mee@eEheie, cebefojeW kees oeve Deewj mebmLeeveeW kees Meguke kee Yegieleeve Meeefceue nw. keeheesjsdme kees meerOes Jesleve Yegieleeve keer megefJeOee SJeb ^s[ HeeFveWme Yeer GheueyOe nw. Je<e& kes oewjeve efJeefYeVe jepe kejeW kes Yegieleeve kees me#ece yeveeee ieee Sme.Sce.Sme. esleeJeveer, Deej.er.peer.Sme / efveHe uesve-osve kees Yeer Fvjves yeQeEkeie hees&ue ceW Meeefceue efkeee ieee. Smyee (yueeke[ SkeeGb DeeJesove) kees ye[ewoe keveske ceW DeeveueeFve DeeJesoveFveerefMeeue heeqyueke Dee@Hej leLee HeesueesDehe Dee@Hej nsleg leLee FeqkeJeer Meseme& kes DeeJesove kes efueS GHeueyOe kejeee ieee. uesve-osve DeeOeeefjle Fbjves yeQeEkeie megefJeOee kees etieeb[e, yeeslmeJeevee, vetpeerueQ[, et.S.F&., kesvee, ceejerMeme, efmemesume, Heerpeer Deewj et.kes. ceW keeee&eqvJele efkeee ieee nw efpememes efveefOe DeblejCe mJeeb SJeb Deve he#e kees efyeueeW kee Yegieleeve, keeheexjs mewuejer Deheuees[ leLee DeeveueeFve Mee@eEheie keer megefJeOee oer ieeer nw. Deesceeve SJeb levpeeefveee ceW Jet DeeOeeefjle Fbjves yeQeEkeie megefJeOee oer ieeer nw. ceesyeeFue yeQeEkeie-ye[ewoe Sce.keveske kes He ceW Ske Deewj Jeweqeke ef[ueerJejer ewveue kee MegYeejbYe efkeee ieee efpemeceW ieenkeeW kees efJeefYeVe Keelee Mes<e keer peevekeejer, efceveer msceW, keF& KeeleeW kees Ske meeLe pees[vee, efveefOe DeblejCe, yeQke kees DevegjesOe, efyeueeW kee Yegieleeve, efke yegeEkeie, MeeeEheie, Heer[yewke / efMekeeeleW Deeefo Meeefceue nQ. ceesyeeFue yeQeEkeie kes ceeOece mes Fbj yeQke Heb[ ^ebmeHej kes efueS DeeF&.Sce.heer.Sme. kees Yeer Fvesyeue efkeee ieee. S.er.Sce. ceW ye{les ngS uesve-osveeW keer mebKee kees osKeles ngS S.er.Sce. eqmJee kees Deheies[ efkeee ieee. S.er.Sce. efmJee Yeejle, et.S.F&. Deesceeve, cee@jerMeme, Heerpeer, levpeeefveee, yeeslmeJeevee, er SC[ er Deewj vetpeerueQ[ ceW keee&jle nQ. S.er.Sce. mJeere kees 7 Fvj eWpespe kes meeLe pewmes vesMeveue eqmJee, Sve.SHe.Sme. (Sve.Heer.meer.DeeF&) Jeerpee ceemj kee[&, meerJeeretSF& (etSF&) meerJeerDees cewve (Deesceeve), eEueke (er Sb[ er) hes ceeke& (vetpeerueQ[) kes meeLe keJe[& S.er.Sce. kes ceeOece mes ef[ueerJejer heeFv ye{ekej ieenkeeW kees DeefOeke megefJeOeeSb osves nsleg pees[ efoee ieee nw. ieenkeesvcegKeer keoce kes he ceW yeQke ves mesuHe equebke[ efveefOe DeblejCe, mebmLeeiele Heerme Yegieleeve, ceesyeeFue yeQeEkeie jefpem^sMeve, ceesyeeFue vecyej Dehe[sMeve, yeeees cewef^ke DeefOeheceeefCele ege S.er.Sce., wkeme Yegieleeve, Ske S.er.Sce. [sefye kee[& kes meeLe keF& KeeleeW kees pees[vee, Jeerpee eje meleeefhele, meer Jeer2, Jeermee huesefvece, ceemj [sefye kee[&, yeeees cesef^ke kee[&, efheve heefjJele&ve, efceveer msceW Deeefo kees Deve yeQkeeW kes S.er. Sce. pewmeer megefJeOeeSb osves nsleg Ge keoce G"eS nQ. Denceoeyeeo, hegCes,
metevee heeweesefiekeer
Deehekes yeQke ves yeQke kes Iejsuet heefjeeueveeW, efJeosMeer heefjeeueveeW Deewj Deveg<ebieer heefjeeueveeW kees Oeeve ceW jKeles ngS Sv[ t Sv[ efyepevesme SJeb DeeF&.er. m^sspeer heespeske neLe ceW efueS nQ. Deehekes yeQke ves meJeexece skevee@ueespeer FvHeem^keej yeveeee nw. Gmekes efueS Deefle DeeOegefveke [ee meWj keeee&eqvJele efkeee nw. efpemeceW Dehe eFce Fvmeret erej 3 kes ceeveoC[eW kees hetje efkeee ieee leLee ef[peemj efjkeJejer meeF kees keeee&eqvJele efkeee ieee. efJeefYeVe Yetkeche KeC[eW kees Oeeve ceW jKee ieee nw efpemeceW heleske DemeHeuelee efyevog kee ienve efJeMues<eCe efkeee ieee efpememes efke ieenkeeW kees DeyeeOe yeQeEkeie mesJeeSb efceueleer jnW. efheues Je<e& yeQke kes [ee meWj kee Deheves YeJeve ceW meHeueleehetJe&ke vet [ee mesvj kes He ceW ceeFiesMeve kes yeeo Deehekes yeQke ves ef[peemj efjkeJejer mesvj kee efJemleej Je<e& kes oewjeve efkeee efpememes efke keejesyeej efJekeeme Deewj skevee@ueespeer efJemleej kee ueeYe efceue mekes.
Deehekes yeQke ves keF& Deve skevee@ueespeer FveerefmeSefJe pewmes efJev[es meJe&j Jeeg&DeueeF&uesMeve, [smke e@he Jeeg&DeueeF&uesMeve, Deewj yewke [^e@he kevmeeueer[sMeve Meg efkeS nQ. FvnW heee&JejCe GvcegKeer keoce kes he ceW G"eee ieee nw Fvemes [ee mesvj keer keee&kegMeuelee ceW Je=ef nesieer. yeQke kes efJemle=le ves Jeke& kees DeheeFce Deewj ef[ceeb[ Deheies[ kees hetje kejves kes efueS veF& skevee@ueespeer DeeOeeefjle Sce.heer.Sue.Sme. ceW ceeFies efkeee ieee nw, FvjheeFpe cewvespeceW efmemce kees Deheies[ leLee heYeeJeer {bie mes eueeves kes efueS vees cee[etue ceW efMeHe efkeee ieee. yeQke kes ye]{les ngS DeeF&.er. FvHeem^keej kee DevegheJele&ve kejves kes efueS Ssmee efkeee ieee. keesj yeQeEkeie heCeeueer kees mebJee|Oele iegCeeW kes meeLe Ge mebmkejCe ceW efMeHe efkeee ieee nw. keF& vees cee[etue pewmes mLeeeer Deeeqmle kee
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ueKeveT Deewj veF& efouueer ceW ceesyeeFue S.er.Sce. Meg efkeS ieS nQ. keg cetue mebJeefOe&le megefJeOeeSb pewmes DeeveueeFve vekeoer pecee Deewj eske pecee, eske yegke DevegjesOe, Keelee efJeJejCe DevegjesOe efueHeeHes ceW vekeoer SJeb eske pecee pewmeer megefJeOeeSb et.S.F&. ceW heejbYe keer ieF& nQ. [sefye kee[&/esef[ kee[& kes efueS Fbjves Yegieleeve iesJes mesJeeSb JeeheeefjeeW kees Deewj Fbjves KejerooejeW kees DeeveueeFve Kejeroejer nsleg megjef#ele SJeb mebjef#ele ewveue kes he ceW oer peeleer jner nQ. Deehekes yeQke kes meYeer ieenkeeW kees megefJeOeeSb osves nsleg Sme.Sce.Sme. Deue& ef[ueerJejer iesJes kees GVele efkeee ieee. Je<e& kes oewjeve ieenkeeW kees Ske Deewj mee|Jeme ef[ueerJejer ewveue GheueyOe kejeee ieee, Fmekes efueS ueKeveT Deewj ye[ewoe ceW mebHeke& kesveW kee MegYeejbYe efkeee ieee. Deehekes yeQke kes ieenkeeW kees efjsue ef[heesefpejer mesJeeSb GheueyOe kejeeer ieF&. Ske kesverke=le ef[heesefpejer DeeJesove kes meeLe ner MeeKeeSb Sve.Sme. [er.Sue Deewj meer.Sme.[er.Sue oesveesb mesJeeSb osves kes efueS meeqppele nQ. Deeve ueeFve ^seE[ie heCeeueer mes Deehekee yeQke Deeve ueeFve mesJeeDeeW keer hetjer e=bKeuee ieenkeeW kees os mekesiee, efpememes efke Jes FeqkeJeer, cetetDeue Heb[dme, yeeb[dme SJeb heejbefYeke meeJe&peefveke efveie&ce (DeeF&.heer.Dees) ceW Yeeie ues mekeWies. vekeoer heyebOeve heCeeueer hetjer lejn Jesye DeeOeeefjle vekeoer heyebOeve heCeeueer nw efpemes Deehekes ieenkeeW kees heoeve efkeee pee jne nw, efpemeceW heeeqhle heyebOeve (mebienCe) Yegieleeve heyebOeve Deewj FveJeeFme cewvespeceW (heeeqhleeeb SJeb ose heyebOeve) Meeefceue nQ. esef[ kee[& heyebOeve keer veeer heCeeueer heejbYe keer ieeer nw efpememes Deehekes yeQke kes esef[ SJeb [sefye kee[& heefjeeueve kees JeeHeke heyebOeve GheueyOe nesiee. meYeer meeryeerSme MeeKeeSb Deej.er.peer.Sme. Deewj vesHe kes ceeOece mes FbjyeQke Oeve hes<eCe kes efueS me#ece nQ. Deej.er.peer.Sme. Deewj vesHe kees nceejs yeQke kes Fbjves Deewj yeQeEkeie hees&ue kes meeLe pees[ efoee ieee nw. vesHe keer ms Let heesmeseEmeie kes ceeOece mes yeQke Deewj yeQke kes meeLe #es$eere ieeceerCe yeQkeeW kees DeeJeke mebosMeeW kes meeLe pees[ efoee ieee nw. hetjs efJee ceW Deblej yeQke efJeeere mebosMeeW kes efueS eqmJeHe keer megefJeOee Yeejle ceW efJeosMeer cege kes efueS heeefOeke=le meYeer MeeKeeDeeW Deewj efJeosMeer MeeKeeDeeW ceW GheueyOe kejeeer ieeer nw. Yegieleeve mebosMe meeuetMeve (heer.Sce.Sme) kees 20 efJeosMeer sjerjerpe Deewj Yeejle keer meYeer heeefOeke=le MeeKeeDeeW ceW keeee&eqvJele kejeee ieee nw; heer. Sve.Sme megefJeOee kes eje eqmJeHe mebosMeeW kees Heecex kejves leLee Gvekee heceeCe kejves ceW meneelee efceueleer nw. FvnW eqmJeHe ceevekeeW kes Deveghe meeryeerSme mes pevejs efkeee peelee nw Deewj en S.Sce.Sue. eske mes neskej heehle nesles nQ. Je<e& kes oewjeve, efie[ DeeOeeefjle eske ^bkesMeve heCeeueer (meer.er.Sme) kees esVew, keesecyeletj SJeb yeWieuetj ceW keeee&eqvJele efkeee ieee. Deehekes yeQke keer mesJee meghego&ieea ceW megOeej ueeves nsleg yewke Dee@efHeme keeeex kees efmeer yewke Dee@efHeme SJeb jerpeveue yewke Dee@efHeme hej kesverke=le kej efoee ieee nw. Je<e& kes oewjeve Deehekes yeQke ves 5 vees jerpeveue yewke Dee@efHeme heejbYe efkees. Deye Deehekes yeQke ceW 70 efmeer yewke Dee@efHeme SJeb 10 jerpeveue yewke Dee@efHeme keee&jle nQ. Jeefeiele eske yegke peejer kejves kee keee& Yeer kesverke=le kej efoee ieee nw. Deehekes yeQke ves kesverke=le SHe.meer.Sve.Deej heefjeeueve heejbYe efkees nQ. cegcyeF& ceW Deeescess[ eske heesmeseEmeie kesv (DeeJeke SJeb peeJeke) kee MegYeejbYe efkeee ieee Lee. Deehekes yeQke ves heespeske veJeefvecee&Ce kes Devleie&le
efyepevesme heesmesme efjFbpeerefveeeEjie kes Ske Yeeie kes he ceW metjle SJeb Denceoeyeeo ceW Yeer Fme heefeee kees heejbYe efkeee nw. heefjeeueveiele ueeiele kece kejves SJeb yesnlej efveefOe heyebOeve nsleg et.kes. et.S.F&., yeneceepe, yenefjve, ne@biekee@bie, eEmeieehegj, yesequpeece SJeb Yeejle ceW Skeerke=le iueesyeue ^spejer meesuetMeve kees keeee&eqvJele efkeee ieee nw. efJeefveeeceke Devegheeueve nsleg Yeejle SJeb 20 efJeosMeer kesveW hej Sver ceveerueeWeE[^ie (S.Sce.Sue) kees keeee&eqvJele efkeee ieee nw. DeeHekes yeQke ves peesefKece eyebOeve meeuetMeve keeee&eqvJele efkeee nw. Gece Devegmeej peer.Sue.mee@uetMeve kees keeee&eqvJele efkeee ieee nw. en megefJeOee Deehekes yeQke kees keejesyeej efJekeeme ceW keee&veerefleke efveCe&e uesves ceW ceooieej meeefyele nesleer nw Deewj GeceeW keer mecesefkele efjhees& Yeer GheueyOe kejeleer nw. Yeejle ceW Deehekes yeQke kes meYeer keeee&ueeeW ceW kesverke=le hes-jesue, Jesleve cee@[etue, F&-er[erSme cee@[etue SJeb DeJekeeMe cee@[etue keeee&eqvJele efkees ieS nQ. yeQke kece&eeefjeeW kee meW^ue [se yesme leweej kejves kes GsMe mes kece&eejer mesJee ceeveJe mebmeeOeve vesJee\keie kees keeee&eqvJele efkeee ieee nw leeefke Fmemes mebyebefOele legjvle efveCe&e, heoesVeefle SJeb eeve heefeee kes meeLe ner ceeveJe mebmeeOeve heefeee kees mJeeeefuele yeveeee pee mekes. Deehekes yeQke ves JeeJemeeefeke jCeveerefle keer Ske henue kes he ceW ueeerueer SJeb keee&veerefleke meteveeDeeW kee FbjSeqkeJe eesle heoeve kejves kes efueS [se JesDej neTme, ieenkeeW kees yesnlej lejerkes mes mecePeves kes efueS ieenke mebyebOe heyebOeve SJeb etefveHeece& kemcej Jet See@me ewveue heejbYe efkeS nQ. efJeeere meceeJesMeve kees meHeue yeveeves nsleg efyepevesme kee@jmheeW[W kes ceeOece mes Dee@ve ueeFve SJeb Dee@He ueeFve, oesveeW ceeOeceeW mes Keelee Keesueves keer heefeee SJeb uesve-osve nsleg metevee heeweesefiekeer megefJeOeeSb efJekeefmele keer ieF& nQ. efJeeere meceeJesMeve nsleg yeQke keer veJeerve henue kes he ceW iegpejele, Gej heosMe SJeb efyenej ceW heeeue DeeOeej hej ceesyeeFue Jeenve eje yeQeEkeie mesJee heejbYe keer ieF& nw.
Je<e& kes oewjeve yeQke kes ieeceerCe ieenkeeW kees DeyeeefOele yeQeEkeie mesJeeSb megefveeqele kejves kes GsMe mes keg Deewj ieeceerCe MeeKeeDeeW ceW meewj Gpee& pevejsMeve efmemce (SmeHeerpeerSme) keeee&eqvJele efkeee ieee. meewj Gpee& pevejsMeve efmemce kes ceeOece mes Gve MeeKeeDeeW kees et.Heer.Sme mes JewkeequHeke Gpee& efceuesieer peneb efyepeueer keer yengle keceer nw DeLeJee DeefOeke uees[MeseE[ie jnleer nw. Je<e& kes oewjeve heeweesefiekeer keer megj#ee hej DeeeceCe kees eqiele jKeles ngS Ske meg{ metevee megj#ee heyebOeve heefle kees ueeiet efkeee ieee nw.
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F&- efyepevesme
Deehekes yeQke kee F&- efyepevesme efJeYeeie efJeefYeVe hekeej kes Jewkeequheke ef[ueerJejer ewveueeW pewmes SerSce, Fbjves yeQeEkeie (ye[ewoe keveske) DeejerpeerSme/ SveF&SHeer, Heesve yeQeEkeie, Fbjves hesceW iesJes DeeF&heerheer Deeefo pewmeer megefJeOeeSb heoeve kejlee nw. Fmekes Deefleefje Deehekes yeQke kee F&- yeQeEkeie efJeYeeie ef[heesefpejer mesJeeSb, vekeoer heyebOeve mesJeeSb Je meesves kes efmekekeeW keer efyekeer kee keee& Yeer osKelee nw. Fme Je<e& yeQke ves ueKeveT Je ye[ewoe ceW keevske meWj, ceesyeeFue yeQeEkeie Je heerhes[ efieHe kee[& Deeefo keer meHeueleehetJe&ke MegDeele keer. efJee Je<e& -12 kes oewjeve F&- JeJemeee ieefleefJeefOeeeW kes Debleie&le efJeefYeVe #es$eeW kee keee&eve<heeove efvecveevegmeej jne f
efJee Je<e& 2012 kes oewjeve yeermeerSceSme kes kegue uesve-osve 14.19 ueeKe Les, Fmekee kegue ve& DeesJej .10,355 kejes[ jne. Fmeves .1.39 kejes[ kee ueeYe Dee|pele efkeee. ieenkeeW keer mebKee pees 31 ceee& 2011 kees 92 Leer pees 31 ceee& 2012 kees ye{kej 206 nes ieF&. en hemleeJe nw efke Fve mesJeeDeeW kees ejCeye lejerkes mes 100 Deewj kesveW leke ye{e efoee peeS.
yeQke kes 104JeW mLeeHevee efoJeme Hej 104 veS SerSce kee GodIeeve kejles ngS eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke, meeLe ceW nQ eer Sve. Sme. eerveeLe, keee&keejer efveosMeke SJeb eer. Heer. [er. efmebn, ceneeyebOeke (F&-efyepevesme)
31 ceee& 2011 leke Fmekes Debleie&le 52 ceeX kee hebpeerkejCe efkeee ieee Lee, 31 ceee& 2012 kees en hebpeerkejCe ye{kej 124 nes ieee Deewj efJee Je<e& 2012 kes oewjeve Fmekee kegue ve& DeesJej . 26.49 kejes[ jne. efJelle Je<e& 2012 kes oewjeve Fmeves . 27.94 ueeKe kee ueeYe Dee|pele efkeee.
efJee Je<e& 2012 kes oewjeve Deehekes yeQke kees SerSce heefjeeueve nsleg vesMeveue hesceW keeheexjsMeve Dee@He Fbef[ee (SveheermeerDeeF&) mes yesm yeQke Fve heeqyueke meskej kewsiejer kee Hegjmkeej heehle ngDee.
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efJee Je<e& 2012 kes oewjeve DeejbYe efkeS ieS veS Glheeo
1) ceesyeeFue yeQeEkeie
yeQke eje peejer efJeefYeVe esef[ SJeb [sefye kee[& Jewkeefuheke ef[ueerJejer ewveue : ceesyeeFue yeQefkebie
ceeveJe mebmeeOeve
nceejs yeQke kes JeJemeee heeblejCe SJeb Fmekeer heefjeeueve FkeeF&eeW kes keee&efve<heeove kees ye{eves kes meceie heeemeeW ceW ceeveJe mebmeeOeve keee&veerefle keer hecegKe Yetefcekee jner nw. ceeveJe mebmeeOeve keee& kee hecegKe GsMe ieenkeeW kees yesnlej mesJeeSb heoeve kejves nsleg kece&eeefjeeW keer me#ecelee kee Gheeesie kejvee nw. Deehekes yeQke kes heeme ueieYeie 42,175 me#ece SJeb DeleefOeke heeslmeeefnle meHe meome nQ, pees Deehekes yeQke kes efJeMeeue JeJemeee heefjeeueve kees yeKetyeer mebYeeueW ngS nQ. Deehekes yeQke ves hecegKe DeieCeer yeQkeeW ceW Deheveer eqmLeefle kees meg{ kejves kes efueS efJee Je<e& 2012 kes oewjeve keg hecegKe ceeveJe mebmeeOeveeW keer henue keer nw. FveceW mes keg henueW, pewmee efke veeres GequueefKele nw, Deheves Deehe ceW efJeefMe Deewj mechetCe& yeQeEkeie #es$e kes efueS Skeoce veF& nw.
4) Deueie-Deueie lejn kes efJeefYeVe [sefye kee[& ke) efJe]pee huesefvece [sefye kee[& Ke) ceemj kee[& keecyeer ieesu[ [sefye kee[&
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vesle=lJe efJekeeme
ye[ewoe ceefCeHeeue mketue kes efJeeeefLe&eeW kees mebyeesefOele kejles ngS [e. kes. meer. eeJeleea, GHe ieJeve&j, Yeejleere efj]peJe& yeQke
ueesieebs ceW vesle=lJe #ecelee kee efvecee&Ce kejves keer Deefle DeeJeMekelee kees Oeeve ceW jKeles ngS Deehekes yeQke ves Ske Jeeheke vesle=lJe efJekeeme keee&ece heespeske G[eve keer MegDeele keer nw, efpemeceW meYeer Menjer Je ceneveiejer MeeKeeDeeW kes MeeKee heyebOekeeW leLee meneeke ceneheyebOeke SJeb Ghe ceneheyebOeke meeqcceefuele efkeS ieS. Fmekee GsMe YeefJe<e kes ueer[me& kees leweej kejvee nw. Flevee ye[e Je Jeeheke vesle=lJe efJekeeme heeeme yeQeEkeie Geesie kes efueS Delegueveere Je Yeejleere yeQke ceW Deheves Deehe ceW henuee heeeme nw.
Fme heefjeespevee keer MegDeele Fme Je<e& kes oewjeve heeweesefiekeer SJeb Deehekes yeQke kes JeJemeee heeblejCe kees meneesie kejves keer eq mes Jele&ceeve Se. Deej. heefeeeDeeW, mebjevee SJeb veerefleeeW kees veee mJehe osves kes efueS keer ieF&. Fme Heefjeespevee kes Debleie&le eefleYee eyebOeve, GllejeefOekeej Deeeespevee, Jew%eeefveke meeEHeie cee@[ue SJeb ceeveJe Meeqkele Deeeespevee Deewj efJekeeme SJeb me#ecelee efvecee&Ce, keee&efve<Heeove eyebOeve Fleeefo pewmeer efJeefYeVe veJeesvces<eer Henuesb keer ieF.
en keee&ece vesle=lJe kes leerve cees[etdume ueereE[ie mesuHe, ueereE[ie Deome& Deewj ueereE[ie efyepevesme kes DeeOeej Hej leweej efkeee ieee nw Deewj FveceW mes heleske cees[etdume Dee@He meeF FJeWme Je keeseEeie eqkeueefveke kes mecevJee kes peefjS mecyeesefOele efkeee pee jne nw. Fme keee&ece ceW efJee Je<e& 2012 kes oewjeve Deehekes yeQke kes meele DebeueeW kes meele mecetneW ceW 960 heefleYeeefieeeW kees meeqcceefuele efkeee ieee Je Deieues Je<e& leerve mecetneW ceW ueieYeie 460 mes DeefOeke heefleYeeefieeeW kees meeqcceefuele efkeee peeSiee.
Yeleea DeefYeeeve
Deehekes yeQke ves mesJeeefveJe=eqe keer hete|le, JeJemeee efJekeeme kees yeveeS jKeves Je
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leerJe MeeKee efJemleej kes efueS Je<e& oj Je<e& DeeOeej hej efvejblej heeeme efkeS nw. Je<e& kes oewjeve Deehekes yeQke keer ece Meefe keer DeeJeMekelee keer mecemee kees otj kejves kes efueS Yeleea kes efueS efJeYeVe hejer#eeDeeW kee Deeeespeve efkeee ieee. Je<e& kes oewjeve Deehekes yeQke keer oesveeW ner lejn keer pejleeW - meeceeve he mes veewkejer es[kej peevesJeeuees keer peien Yejves Je JeJemeee efJekeeme keer pejleeW kees hetje kejves keer eq mes Yeejer mebKee ceW efJeMes<e%e DeefOekeeefjeeW, heefjJeer#eeOeerve DeefOekeeefjeeW, heeleeqle JeeJemeeefeke mketueeW mes meerOes kewcheme Yeleea kes ceeOece f mes egJee SceyeerS DeefOekeeefjeeW keer Yeleea keer MegDeele keer. Deehekes yeQke ves efJeefYeVe eseCeeeW / Jesleveceeveebs ceW 1726 DeefOekeejer (meeceeve Deewj efJeMes<e%e f esCeer oesveeW) 1395 efueefheke Deewj 629 DeOeervemLe mebJeie& kes meHe meomeeW keer Yeleea keer. Deve 125 veS keee|ceke keee&ienCe keer heeeee ceW nQ. Fme lejn mes f yeQke ves efJeeere Je<e& 2012 kes oewjeve kegue 3875 veS kece&eejer Yeleea efkeS. Yeleea keer en heeeee Je<e& 2012-13 kes oewjeve Yeer peejer nw, Deewj meeLe ner f DeefOekeeefjeeW ves ueieYeie 1000 heoeW Deewj efueefhekeeW kes 2000 heoeW kees Yejves keer Yeleea heeeee eue jner nw. f
ceW mes Ske nw, efpemeceW meyemes DeefOeke mebKee ceW Deveg. peeefle./ Deveg. pevepeeefle kes ueesie keee&jle nQ, pees Fvekes efJekeeme SJeb keueeCe kes heefle yeQke keer Jeeveyelee heoe|Mele kejlee nw. Deveg. peeefle./ Deveg. pevepeeefle kes ueesieeW kes efJekeeme Deewj Gvekes keueeCe kes efueS yeQke eje efkeS ieS kegske heeemeeW keer peevekeejer veeres oer ieF& nw:-
600 efjeqkeleeeb Yejves kee keee& eieefle Hej nQ. 500 efjeqkeleeeb Yejves kee keee& eieefle Hej nQ. 275 efjeqkeleeeb Yejves kee keee& eieefle Hej nQ.
85 28 11
Smeer
%
Deveg. peeefle./ Deveg. pevepeeefle/Deve efhe[e Jeie& kes ueesieeW kes efJekeeme hej efJeMes<e Oeeve efoee ieee. Deehekee yeQke Deveg. peeefle./ Deveg. pevepeeefle/Deve efhe[e Jeie& kes ueesiees kes efJekeeme Deewj keueeCe kes efueS mebJewOeeefveke efnleeW Deewj meeceeefpeke GsMeeW keer hete|le kes efueS heefleye nw. Deehekee yeQke mebhetCe& yeQeEkeie Geesie ceW Gve yeQkeeW
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peguee Gheeesie efkeee ieee. MeeKee kes Yeerlej yewvej, heesmme&, ueerHeuesdme heoe|Mele kej efJemle=le MeeKee vesJeke& kes ceeOece mes Gvekes heeemeeW kees meceLe&ve efoee ieee.
ceekexeEie henueW
India is a unique blend of diverse cultures, religions, languages and festivals. Bank of Baroda, Indias International Bank, is proud to present glimpses of this rich heritage woven intrinsically into the life of every Indian.
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yeQke ves 20 pegueeF& 2011 kees mLeehevee efoJeme kes MegYe DeJemej hej "efmeievesej detve" kees uee@be kej meesefveke ceeref[ece ceW yeev[ keer MegDeele keer. kee@heexjs yeebeE[ie henueeW pewmes; efmeievesej detve uee@be kejvee, yeQke kes efJeeere heefjCeeceeW leLee hegjmkeejeW kes efJe%eeHeve Deewj efJeefYeVe Glheeo DeefYeeeveeW kes ceeOece mes efvecveefueefKele mebJeOe&ve ngDee. Je<e& 2012 ceW yeQke keer yeev[ Jewuet ye{kej $ 675 efceefueeve nes ieF& pees Je<e& 2011 ceW $ 585 efceefueeve Leer. Je<e& 2012 ceW yeQke keer yeeC[ jQeEkeie megOej kej 166 nes ieF& pees Je<e& 2011 ceW 214 Leer. (eesle - yeev[ HeeFveWme- e@he yeev[ yeQeEkeie 500, 2012 meJex)
ceekexeEie
Je<e& 2011 kes oewjeve yeQke ves ceekexeEie meches<eCe kes efueS jsKee efe$e heefleefyecye "eqmkecewve" keer veeeeye lejerkes mes Keespe keer efpememes yeQke keer yeeb[ Jewuet ceW Je=ef ngF& leLee efJeefYeVe yeebef[ie henueeW kees ieefle efceueer. yeeb[ efJekeeme ee$ee kees Deeies ye{eles ngS yeQke ves 20 pegueeF& 2011 kees mLeehevee efoJeme kes MegYe DeJemej hej "efmeievesej detve" kees uee@bve kej yeeb[ keer meesefveke ceeref[ece ceW MegDeele keer. yeQke kes ceekexeEie mebJeeo kee cegKe Oese yeev[ Jewuet ceW Je=ef ueevee leLee Heeru[ meHe kees mebhetCe& mebyeue heoeve kejvee Lee.
efmeievesej detve
efJeeere Je<e& 2012 kes oewjeve yeQke ves efmeievesej detve uee@be keer. efmeievesej detve Ske Dee@ef[ees heerme nw pees yeev[ heme&veefueer ( Oegve) kees oMee&lee nw, yeQke kes ueesiees kees eJe ceeOece ceW mebJeOe&ve kejlee nw leLee heYeeJeer yeveelee nw leeefke yeQke keer yeeev[ie Fmekes ieenkeeW leLee kece&eeefjeeW mes cepeyetleer kes meeLe peg[ mekes. en Yeer GuuesKeveere nw efke efmeievesej detve yeQke kees JeeFyeb(peerJeblelee hetCe&) , Glmeener, egJee mebie"ve kes he ceW heoe|Mele kejsieer leLee Fmekeer MegDeele
Glheeove meceLe&ve
Je<e& 2011-12 kes oewjeve efjsue $e+Ce, eeuet peceejeefMeeeb, yeele pecee jeefMeeeb, SmeSceF& Glheeo. SveDeejDeeF& Glheeo Deewj mJeCe&cegeDeeW keer efyeeer kees ye{eJee osves kes efueS Deveske Glheeo mebJeOe&ve DeefYeeeve Deeeesefpele efkeS ieS. Heeru[ ceW keece kejves Jeeueer FkeeFeeW kes efyeeer kes heeemeeW kees meceLe&ve osves kes efueS meYeer ceeOeceeW (eEhe, Fuewke^e@efveke Deewj DeeG Dee@He nesce ceeOece) kee efceuee-
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2011-12
veS yeev[ egie keer MegDeele heoe|Mele kejsieer pees yeQke keer yeeb[ Jewuet kees 360 ef[ieer efjkee@ue Jewuet osiee.
HeeFDeveWefmeeue Fvkeuetpeve leLee o ye[ewoe kehe heesuees tvee&cesv. ieenkeeW kee Oeeve Deekee|<ele kejves kes efueS Dees Dees Se ceeref[ee Yeer heYeeJeer jne.
eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke efmeievesej etve peejer kejles ngS. meeLe ceW nQ eer Sve. Sme. eerveeLe, keee&keejer efveosMeke SJeb eer Guneme meebieskej, ceneeyebOeke (ceemebe SJeb ceekexeEie)
efJeefYeVe heeemeeW keer Jepen mes yeQke keer yesnlej GheeqmLeefle, efJe, heeflee Deewj meeKe ceW heee&hle Je=ef ngF&. yeQke ves Deveske mebJeOe&vekeejer Deeeespeve efkees Deewj FveceW Yeeie efueee. yeQke kes yeeb[ kes efJemleej ceW keg hecegKe Deeeespeve peneb yeQke keer yeebeE[ie kee mebJeOe&ve ngDee- ye[ewoe cewjeLeve 2012, hesmeer[W Heueer efjJet veeF 2012, eEce SvegDeue yeQeEkeie kee@vkeuesJe 2012, Deheet&efveer Sv[ ewueWpe , 10JeeB heJeemeer Yeejleere efoJeme 2012, peehegj; cegcyeF& cewjeLeve 2012 ,efHekekeer- DeeF&yeerS yeQeEkeie kee@bvHeQme 2011, 28JeeB mkee@e meefce Dee@ve
46
2011-12
#es$eere keeee&uee metjle kee GodIeeve kejles ngS eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke
eer Sce. [er. ceuee, DeOe#e SJeb eyebOe efveosMeke, meeepeer veiej ie=n keer eeefyeeeB ye[ewoe Menj keer cesej [e. peesefle Heb[ee kees YeW kejles ngS
ceneceefnce cenejepee mej meeepeerjeJe ieeekeJee[-III kes Jeeefjme eer cenejepee jbpeerle eEmen ieeekeJee[ leLee Deve heoeefOekeeefjeeW ves yeQke keer Goejlee keer cegekeb" mes heMebmee keer. Fme ms Dee@He o Dee& YeJeve ceW veiej keer mece= meebmke=efleke efJejemele kees Gkesje ieee nw. efpemeceW mLeeveere keueekeejeW leLee keejeriejeW kees Meeefceue efkeee ieee nw. en megboj YeJeve Deye ye[ewoe Menj kee uewC[cee]ke& yeve ieee nw. Deye eneb ye[ewoe Menj kes hecegKe meebmke=efleke keee&ece Deeeesefpele efkeS peeles nQ. Ieg[ oew[ jes[ metjle ceW heMeemeefveke keeee&uee- men - DeeJeemeere heefjmej kee efvecee&Ce Deye hetje nes egkee nw. en efyeeu[ie Deefle DeeOegefveke GhekejCeeW leLee Gpee& o#e heefleeeW, Je<ee& peue mebienCe heCeeefueeeW leLee heee&JejCe kes Devegketue meeceieer mes megmeeqppele nw. [eeceb[ Menj ceW Fme YeJeve keer meJe&$e heMebmee keer pee jner nw.
47
2011-12
yeQke kes heMeemeefveke keeee&uee yeQke kes Deheves heefjmejeW ceW jKeves mebyevOeer Deehekes yeQke keer veerefle kees Oeeve ceW jKeles ngS yeQke ves JeeJemeeefeke YeJeveeW kes efvecee&Ce nsleg yeWieuetj(kevee&ke), nwojeyeeo(DeevOe heosMe), Fvoewj(ceOe heosMe), Goehegj, keese, peehegj(jepemLeeve) leLee veee jeehegj (eermeie{) ceW YetKeC[ Kejeros nQ. Je<e& kes oewjeve Deehekes yeQke ves MeeKeeDeeW/ keeee&ueeeW kee ueieYeie 30000 Jeie&Heg DeeefOekee/Deeege #es$e mejW[j kej efoee nw, efpememes efkejeS keer yeele ngF& nw. efkejeeeW ceW nes jner efvejblej Je=ef kes cesvepej GheueyOe heefjmejeW kes hetCe& Gheeesie keer DeeJeMekelee cenmetme keer pee jner nw; leodvegmeej MeeKeeDeeW/ keeee&ueeeW kes veJeerkejCe leLee Hee|veeEMeie kejles mecee heee&JejCe kes Devegketue Heveeaej Gheeesie keer MegDeele keer ieF& nw. hetjs Yeejle ceW heefeee Deewj heCeeueer ceW Skehelee keer eq mes heefjmej veerefle efoMeeefveoxMe, efvecee&Ce cewvegDeue, meepemeppee cewvegDeue leweej efkeS ieS nQ.
Fvoewj (ceOeheosMe) ceW DeeJeemeere SJeb JeeJemeeefeke heefjmej kee efvecee&Ce. Yeejle mejkeej kes efoMeeefveoxMeeW kes Deveghe YeejleJe<e& ceW Hewues efJeefYeVe kesveW hej ye[ewoe mJejespeieej efJekeeme mebmLeeveeW kee efvecee&Ce.
MeeKee vesJeke&
31 ceee& 2012 kees yeQeEkeie mesJeeSb heoeve kejves-Jeeues hejchejeiele ewveueeW kee efJeJejCe veeres efoee ieee nw .es ewveue (kesv) Menjer skevees mesJeer ueesieeW eje meeceevele: DeheveeS peeves-Jeeues F&-yeQeEkeie ewveueeW keer leguevee ceW meeceeve ieenkeeW kees Jeefeiele mesJeeSb heoeve kej jns nQ. #es$eere JeieeakejCe (Yeejle) ceneveiej Menjer DeOe&- Menjer eeceerCe kegue efJeosMeer MeeKeeDeeW keer mebKee 871 718 1045 1270 3904 55 kegue MeeKeeDeeW ceW % efnmmesoejer 22.31 18.39 26.77 32.53 100.00 -
efvecee&CeeOeerve heefjeespeveeSb
ceFueehegj, esVew ceW Debeue keeee&uee MeeKee leLee kejWmeer esm nsleg JeeJemeeefeke heefjmej kes efvecee&Ce kee keee& Debeflece ejCe ceW nw leLee Fmekes petve 2012 kes Deble leke hetje nesves keer mecYeeJevee nw. mesveese@he jes[ esVew ceW keee&heeuekeeW leLee Deefle cenlJehetCe& DeefleefLeeeW kes DeeJeeme/efveJeeme nsleg DeeJeemeere heefjmej kee efvecee&Ce keee& Debeflece ejCe ceW nw, leLee petve 2012 kes Deble leke heefjmej DeefOeienCe kej efueS peeves keer mecYeeJevee nw. F&m Dee@He kewueeMe, veF& efouueer ceW DeeJeemeere heefjmej kee keee& hetje nesves kes Debeflece ejCe ceW nw. ee veiej peceMesohegj ceW #es$eere keeee&uee,jerpeveue yewke DeeefHeme, heefMe#eCe kesv leLee 25 Heuewdme Jeeues JeeefCeeqpeke SJeb DeeJeemeere heefjmej kes efvecee&Ce kee keee& hetje nesves kes Debeflece ejCe ceW nw.
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2011-12
mebmLee (hebpeerkejCe keer leejerKe kes meeLe) yee@ye kewefheue ceekex efue., 11 ceee&, 1996 yee@yekee[d&me efue., 29 efmelebyej, 1994 ye[ewoe heeeesefveej Smes cewvespeceW kebheveer efue., 5 veJebyej, 1992 Fbef[eeHem& ueeFHe FbMeesjWme kebheveer efue., 19 petve, 2008 vewveerleeue yeQke efue., 31 pegueeF&, 1922
Meg ueeYe
737.04 1280.07
Deehekes yeQke kes mebeespeve ceW keee&jle veiej jepeYee<ee keeee&vJeeve meefceefleeeW ves Deheves GejoeefelJeeW kees yeKetyeer efveYeeee nw. Je<e& kes oewjeve Deehekes yeQke kes mebeespeve ceW metjle, jepekees leLee peesOehegj ceW leerve veF& veiej jepeYee<ee keeee&vJeeve meefceefleeeb ieef"le keer ieF. yeQke ves Yeejle mejkeej keer jepeYee<ee veerefle kes heYeeJeer keeee&vJeeve kes efueS #es$eere keeee&ueeeW kes efueS 28 veS efJeMes<e%e efnvoer DeefOekeeefjeeW keer Yeleea keer nw. mebmeoere jepeYee<ee meefceefle keer le=leere Ghemeefceefle ves Deehekes yeQke keer ceveeueer MeeKee kee oewje efkeee leLee jepeYee<ee keeee&vJeeve kes #es$e ceW yeQke eje efkeS ieS heeemeeW keer mejenvee keer. Deehekes yeQke ves Deheveer meYeer MeeKeeDeeW (pees efke meer yeer Sme ceW Dee egkeer nQ) kes efHeveekeue efmemce ceW eqmeh cewefpeke meeHedJesej keer MegDeele keer nw leLee ke leLee Ke #es$e ceW heemeyegke /KeeleeW keer efJeJejefCeeeb leLee Deve efjhees& efnvoer ceW pevejs SJeb eEhe kejvee heejbYe kej efoee nw.efnvoer ceW F&yeguesefve ye[ewoe efnvoer [e@ kee@ce kee hekeeMeve lekeveerke /heeweesefiekeer kes ceeOece mes efnvoer kee heeesie ye{eves kee keee& kej jne nw.
36688.15
396009.32
6118.34
104
851
Yeejle
3621.44 4096.21 -1312.36 1 69
Yeejle
41580.81
253516.84 -7257.78
15 1457
efveosMeke ceb[ue
eer megoMe&ve mesve kees kesv mejkeej eje efoveebke 30-05-2011 mes yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (meer) kes Debleie&le Deeieeceer DeeosMeeW leke efveosMeke kes He ceW veeefcele efkeee ieee. eer efJeefveue kegceej mekemesvee kees kesv mejkeej eje efoveebke 25-07-2011 mes yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3)(F&) kes Debleie&le leerve Je<e& keer DeJeefOe DeLeJee Gvekes yeQke Dee@He ye[ewoe ceW Jeke&cesve kece&eejer yeves jnves DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes Jeke&cesve kece&eejer efveosMeke kes he ceW efveege efkeee ieee. eer ceewefueve DejefJevo Jew<CeJe efoveebke 23-12-2011 kees Deeeesefpele DemeeOeejCe meeceeve yew"ke ceW yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3) (i) kes lenle 24-12-2011 mes 23-12-2014 leke leerve Je<e& keer DeJeefOe kes efueS yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje efveosMeke kes he ceW hegvee|veJee&efele ngS. eer megjsv eEmen Yeb[ejer efoveebke 23-12-2011 kees Deeeesefpele DemeeOeejCe meeceeve yew"ke ceW yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3) (i) kes lenle 24-12-2011 mes 23-122014 leke leerve Je<e& keer DeJeefOe kes efueS yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje efveosMeke kes he ceW efveJee&efele ngS. eer jepeerJe MesKej meent efoveebke 23-12-2011 kees Deeeesefpele DemeeOeejCe meeceeve yew"ke ceW yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3) (i) kes lenle 24-12-2011 mes 23-122014 leke leerve Je<e& keer DeJeefOe kes efueS yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje efveosMeke kes he ceW efveJee&efele ngS. eer Deej. ieebOeer, pees kesv mejkeej eje efoveebke 30-07-2010 mes Deeieeceer DeeosMeeW leke yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3) (meer) kes lenle efveosMeke veeefcele efkeS ieS Les, Gvekes mLeeve Hej eer megoMe&ve mesve kee efveosMeke kes he ceW veeceebkeve nesves kes heeele Jes 30.05.2011 mes efveosMeke kes heo hej vener jns.
ceneceefnce je^Heefle eerceleer eefleYee osJeer efmebn Heeefue mes jepeYee<ee Meeru[ eeHle kejles ngS eer yeer. yeer. ieie&, ceneeyebOeke
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2011-12
[e. Oecexv Yeb[ejer, pees yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3) (i) kes lenle 24-12-2008 mes 23-122011 leke keer leerve Je<e& keer DeJeefOe kes efueS kesv mejkeej kes DeueeJee MesejOeejkeeW eje efveosMeke kes he ceW efveJee&efele ngS Les, Dehevee keee&keeue Hetje nesves kes heeele Jes 24-12-2011 mes efveosMeke kes heo hej veneRr jns. [e. oerHeke yeer. Heeke, pees yeQkekeejer kecheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3) (i) kes lenle 24-12-2008 mes 23-12-2011 leke keer leerve Je<e& keer DeJeefOe kes efueS yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje efveosMeke kes he ceW efveJee&efele ngS Les, Dehevee keee&keeue meceehle nesves kes heeele Jes 24-12-2011 mes efveosMeke kes heo hej veneRr jns.
efJee Je<e& keer meceeeqhle hej yeQke kes keee&heeuekeeW keer eqmLeefle leLee 31 ceee& 2012 kees meceehle Je<e& kes efueS yeQke kes ueeYe keer JeemleefJeke SJeb megmhe eqmLeefle hemlegle kejves keer eq mes leke&mebiele Deewj efJeJeskehetCe& efveCe&e SJeb Deekeueve efkeS ieS nQ. Yeejle ceW yeQkeeW hej ueeiet efveeceeW mebyebOeer heeJeOeeveeW kes Deveghe Gefele uesKeebkeve efjkee[& leweej jKeves kes efueS mecegefele SJeb heee&hle meeJeOeeveer yejleer ieF& nw leLee, uesKeeW kees Gejesej peerJeble (kebmeve&) DeeOeej hej leweej efkeee ieee nw.
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DiRECtORS REPORt
Dividend
Your Banks Directors have proposed a dividend of Rs 17 per share (on the face value of Rs 10/-per share) for the year ended March 31st, 2012. The total outgo in the form of dividend, including taxes, will be Rs 812.29 crore.
Segment-Wise Performance
The Segment Results for the year FY12 reveal that the contribution of Treasury Operations was Rs 887.72 crore, that of Corporate/Wholesale Banking was Rs 965.87 crore, that of Retail Banking was Rs 2,782.37 crore, and of Other Banking Operations was Rs 2,959.73 crore. Your Bank earned Particulars Return on Average Assets (ROAA) (%) Average Cost of Funds (%) Average Yield (%) Average Interest Earning Assets (Rs crore) Average Interest Bearing Liabilities (Rs crore) Net Interest Margin (%) Cost-Income Ratio (%) Book Value per Share (Rs) EPS (Rs)
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(y-o-y) in FY12 to US$ 16.8 billion. This was the lowest FII investment in the last three years. Investment in Indian ADRs and GDRs too declined in FY12 to US$ 597 million. Foreign Direct Investment (FDI) in India, however, spiked 34.0% (y-o-y) in FY12 to a record US$ 46.8 billion thanks to a spate of some big ticket deals like Vedanta or British BP, etc. In nominal terms, Indias rupee depreciated by 18.3% against the US dollar from the last week of Aug, 2011 to mid-Dec, 2011 after being largely range-bound during the first four months of FY12. Subsequently, the exchange rate stabilized in response to the measures taken by the RBI and the Government aimed at improving dollar supply in the foreign exchange market as also to curb speculation. Lower tax revenues, poor disinvestment receipts and higher spending on subsidies pushed up the central governments fiscal deficit to 5.9% of GDP in FY12 as against the target of 4.6%. Going forward into FY13, assuming a normal monsoon, the baseline GDP growth is projected at 7.3% by the RBI in its Annual Monetary Policy Statement for FY13 on the back of marginally improved global outlook and expected revival in domestic investment sentiment. Inflation, however, is forecast to remain above the RBIs comfort zone and placed at 6.5%. The fiscal correction, as indicated in the Union Budget for FY13, along with other policy measures to address supply-side bottlenecks in agriculture, energy and transport sectors, are expected to create conditions for revival of investment activity in India during FY13.
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on financial risk related issues. Your Bank has a full-fledged Risk Management Department headed by a General Manager and consisting of a team of qualified, trained and experienced employees. Your Bank has set up separate committees, of Top Executives of your Bank to supervise the respective risk management functions as under. Asset Liability Management Committee (ALCO) is a decision making unit responsible for balance sheet planning from a risk-return perspective including the strategic management of interest rate and liquidity risks. The business issues that an ALCO would consider, inter alia, typically include product pricing for both deposits and advances, desired maturity profiles of the incremental assets and liabilities, etc. It also plans out strategies to meet asset-liability mismatches. Credit Policy Committee (CPC) has the responsibility to formulate and implement various enterprise-wide credit risk strategies including lending policies and also to monitor your Banks credit risk management functions on a regular basis. Operational Risk Management Committee (ORMC) has the responsibility of evaluating and taking necessary steps for mitigation of operational risk by designing and maintaining an explicit operational risk management process. It also ensures that the norms, policies and guidelines laid down in Operational Risk Management Policy are strictly adhered to.
Risk Management
Risk is an exposure to a transaction which may result in a loss with some probability. In financial institutions, risk results from variations and fluctuations in assets, liabilities, incomes and outflows & inflows of cash etc. While the types and degree of risks an organization may be exposed to, depend upon a number of factors, it is believed that generally Banks face Credit, Market, Liquidity, Operational, Compliance, Legal, Regulatory and Reputation risks. Your Bank has set up a sound Risk Management architecture wherein the risks are assumed within the risk appetites defined by your Banks Board.
Liquidity Risk
Liquidity risk is the current and prospective risk to earnings or capital arising from a banks inability to meet its obligations when they become due without incurring unacceptable losses. Liquidity risk includes the inability to manage unplanned decreases or changes in funding sources. Liquidity risk also arises from the failure to recognize or address changes in market conditions that affect the ability to liquidate assets quickly and with minimal loss in value.
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During the year under review, Indian banking system exhibited a stiff systemic liquidity position with some adjustments done by the central monetary authority to balance credit growth and control inflation. In your Bank, the liquidity risk is measured by its flow approach on a daily basis through Structural Liquidity Gap reports and on a dynamic basis by Dynamic Gap reports prepared every fortnight for the subsequent three months. Under Stock Approach, your Bank has established a series of caps on activities such as daily call lending, daily call borrowings, net short term borrowings and net credit to customer deposit ratio and prime asset ratio, etc. The Asset Liability Management (ALM) Cell, working in the Risk Management Department reviews the liquidity position on a daily basis to ensure that the negative liquidity gap does not exceed the tolerance limit in the respective time buckets. Your Banks specialized Integrated Treasury Branch, Mumbai assesses the domestic liquidity in respect of all foreign currency exposures. In respect of overseas operations, each territory assesses its currency wise liquidity position at prescribed intervals. The funding requirements in case of contingencies are also examined at regular intervals to prepare your Bank to meet any exigencies of a shortfall in funds position. Your Bank has managed its liquidity by prudent diversification of the overall deposit base, control on the level of bulk deposits, and ready access to wholesale funds under normal market conditions. Your Bank has significant level of marketable securities, which can be sold, used for repo borrowings or as collaterals, if required.
Apart from estimating PD (probability of defaults), the credit rating model would also help your Bank in several other ways as under.
To migrate to internal rating based approaches (advanced approaches) of computation of Risk Weighted Assets. To price a specific credit facility considering the inherent credit risk. To measure and assess the overall credit risk and to evolve a desired profile of credit risk.
Apart from assessing credit risk at the counterparty level, your Bank has appropriate processes and systems to assess credit risk at the portfolio level. Your Bank undertakes portfolio reviews at regular intervals to improve the quality of the portfolio or to mitigate the adverse impact of concentration of exposures to certain borrowers, sectors or industries.
Market Risk
Market risk implies possibility of loss arising out of adverse movements of market determined rates and prices. The objective of market risk management is to avoid excessive exposure of your Banks earnings and equity to such losses and to reduce your Banks exposure to the volatility inherent in financial instruments such as securities, foreign exchange contracts, equity and derivative instruments, as well as balance sheet or structural positions. The primary risk that arises for your Bank as a financial intermediary is interest rate risk due to your Banks asset-liability management activities. Other market related risks to which any bank is exposed are foreign exchange risk on foreign currency positions, liquidity, or funding risk, and price risk on trading portfolios. Your Bank has clearly articulated policies to control and monitor its treasury functions. These policies comprise management practices, procedures, prudential risk limits, review mechanisms and reporting systems. These policies are revised regularly at fixed intervals in line with changes in financial and market conditions. The Interest rate risk in your Bank is measured through interest rate sensitivity gap reports and Earning at Risk. Furthermore, your Bank calculates duration, modified duration, Value at Risk for its investment portfolio consisting of fixed income securities, equities and forex positions on monthly basis. It monitors the short-term Interest rate risk by NII (Net Interest Income) perspective and long-term interest rate risk by EVE (Economic Value of Equity) perspective. The Value at Risk for the treasury positions is calculated for ten days holding period at 99.0% confidence level. The stress testing of fixed interest investment portfolio through sensitivity analysis and equities through scenario analysis is regularly conducted. Based on the RBI directions, your Bank is also estimating the Economic Value of Equity impact on a quarterly basis.
Credit Risk
Credit risk is defined as the possibility of losses associated with decrease in the credit quality of the borrower or the counter parties. In any banks portfolio, losses stem from outside defaults due to inability or unwillingness of the customer or the counter party to meet their commitments. Losses may also result from reduction in the portfolio value arising from actual or perceived deterioration in credit quality. In general, credit risk management processes involve identification, measurement, monitoring and control of credit exposures. In your Bank, the Credit Risk management ensures that your Banks risk identification and reporting controls in credit processes are adequate and functional. Top management regularly gauges your Banks economic standing and lossprevention strategy by reviewing risk controls. Your Bank has various policies in place such as Domestic Loan Policy, Investment Policy, Off-Balance Sheet Exposure Policy, etc to guide its operating units. It has specified various prudential caps for credit risk exposures. Your Bank also conducts industry studies to assess the risk prevalent in industries where your Bank has sizable exposure and also for identification of sunrise industries. The industry reports are communicated to the operating functionaries to consider the same while lending to these industries. Your Bank has adopted various credit rating models to measure the level of credit risk in a specific loan transaction. Your Bank uses a robust rating model developed to measure credit risk for majority of the business loans.
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The Pillar3 Disclosures are published on quarterly and half yearly basis on your Banks website plus a year-end disclosure as on March of every year. The year-end exposure is also published in your Banks Annual report apart from being available on your Banks website.
Basel III guidelines of RBI have also introduced (i) a minimum Leverage Ratio of 4.5% as an additional standard of riskiness of a banks balance sheet. (ii) Liquidity standards by way of two liquidity ratios namely Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (nSFR). During the parallel run between January, 2013 and January, 2017, banks will strive to maintain a minimum Leverage Ratio of 4.5%. The regulatory leverage ratio requirements would be prescribed by RBI after a parallel becomes effective from Jan 1, 2018. The LCR requires a bank to hold sufficient high-quality liquid assets to cover its total stressed net cash outflows over 30 days. The nSFR requires a bank to hold available amount of stable funding to exceed the required amount of stable funding over a one-year period of extended stress. With the quantum and quality of capital that your Bank is having in its books, with common equity constituting 93.05% of Tier I Capital as on March 2012, it is hoped that your Banks transition to Basel III regime would be met without much difficulty up to FY14. But moving ahead your Bank may have to supplement capital funds, especially common equity funds, for FY15 and onwards.
In compliance with the PillarII guidelines of the RBI under Basel II framework, your Bank has formulated a Policy of Internal Capital Adequacy Assessment Process (ICAAP) to assess internal capital in relation to various risks that it is exposed to. Stress Testing and scenario analysis are used to assess the financial and management capability of your Bank to continue to operate effectively under exceptional but plausible conditions. Your Bank has a Board-approved Stress Testing Policy describing various techniques used to gauge their potential vulnerability and its capacity to sustain such vulnerability. Your Bank has been conducting its ICAAP tests on quarterly basis along with stress tests as per its ICAAP Policy. The Pillar 3 of Basel II, (i.e. market discipline) aims to encourage market discipline by developing a set of disclosure requirements which will allow market participants to assess key pieces of information on the scope of application, capital, risk exposures, risk assessment processes, and hence the capital adequacy of your Bank.
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In your Bank, a separate department for Credit Monitoring function at the Corporate level, headed by a General Manager, and one at the Regional/Zonal level, has been functional since September 2008. The Slippage Prevention Task Force formed at all Zonal/Regional offices in terms of your Banks Domestic Loan Policy was activated for the purpose of arresting slippages and also for initiating necessary restructuring in potentially sick accounts at an early stage in conformity with the laid down norms and guidelines. Your Bank has placed special focus on sharpening of the credit monitoring process for improving the asset quality, identifying the areas of concern and the branches requiring special attention. It has also worked out strategies to ensure implementation in a time-bound manner. The primary objectives of your Banks Credit Monitoring Department at the Corporate level are fixed as under: Identification of weakness/Potential default/incipient sickness in the account at an early stage;
Taking necessary steps/regular follow up, for review of accounts and compliance of terms and conditions, thereby improving the quality of your Banks credit portfolio; Endeavoring for upward migration of Credit Ratings. Monitoring progress of accounts under BIFR.
Initiation of suitable and timely corrective actions for preventing impairment in credit quality, whenever signals are noticed in any account, e.g. decline in credit rating, delay in meeting liabilities in LC/Guarantee and delay in servicing of interest/ installments etc; Prevention of slippage in the Asset Classification and relegation in Credit Ratings through a vigorous follow up; Identification of suitable cases for restructuring/ rescheduling/ rephasement as well as further financing in deserving and genuine cases with matching contribution from the borrower; Liaison with CDR Cell and Zonal/ Regional Offices.
Besides the domestic restructuring given above, your Bankrestructured in its international operations during FY12 the accounts involving an outstanding balance of Rs 613.78 crore (as on 31st Mar, 2012). Your Bank also initiated major follow-up actions for ensuring expeditious review of accounts, compliance of terms and conditions, up-gradation in credit rating etc. in high value advance accounts for improving the asset quality of its credit portfolio.
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of the branches is reviewed by Audit Committee of the Board on quarterly basis. During the year FY12, 2,769 branches were inspected under RBIA. Around 1,893 branches (68.36%) were in the Low Risk, 748 branches (27%) were in the Medium Risk and 128 branches (4.63%) were in the High Risk category. With 100.0% migration of your Banks branches to Core Banking platform, the I.S. Audits are being conducted to ensure that IT related Risk Management Systems and processes are strengthened as per the I.S. Audit policy of your Bank. The I.S. Audit cell of your Bank also undertakes offsite surveillance through generations of various reports. As against the RBIs requirement of coverage of 50.0% of business, 682 branches were subjected to Concurrent Audit during the year FY12 covering Total Deposits of 62.0% and Advances of 81.0%,and Overall Business of 70.0%. As per the RBI directives, Credit Audit was conducted in 3,708 accounts covering total exposure of Fund & Non-fun based facilities of Rs.2,33,802 crore to improve the quality of credit assessment and compliance level of large loans. During the year FY12, about 2,892 staff members were imparted training at your Banks Staff College, Regional Training Centres and other external training institutes of repute on the matters relating to Risk Management. The Inspections and Audits are carried out in your Bank under the supervision and guidance of the Audit Committee of Board and it is ensured that compliance is in focus all the time along with your Banks business growth and interest.
Implemented Intra- Bank Saving Bank Account Portability The automatic payment of compensation for delay in collection of outstation cheques/instruments has been configured in the system Creation of On line Fixed Deposit account through Baroda Connect.
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Registration of nomination in all the existing accounts in Finacle system. It has also been advised that nomination should be offered in all new accounts to be opened and to record the nomination made / denied by the customer The SMS alert facility in respect of transactions where the amount is greater than or equal to Rs. 50,000 has been enabled to all resident SB/CA and OD customers of your Bank whose mobile numbers are registered in your Banks record (CBS system) Branches were advised to send notices to customers having inoperative accounts requesting them to reactivate the account
1. Shri M. D. Mallya Chairman and Managing Director 2. Shri Rajiv Kumar Bakshi Executive Director 3. Shri N. S. Srinath Executive Director 4. Dr Masarrat Shahid Director 5. Shri Maulin Vaishnav Director This Sub-Committee addresses the issues relating to the formulation of policies and assessment of its compliances which brings about consistent improvement in the quality of customer service. It also monitors the status of the number of deceased claims pending for settlement beyond 15 days pertaining to Depositors/Locker Hirers/Depositors of safe custody articles, and reviews the status of implementation of Awards passed by Banking Ombudsman.
Compliance
Your Bank is a member of Banking Codes and Standards Board of India (BCSBI) and has adopted the Code of Commitment to the Customers prescribed by the BCSBI in August 2009 and also, Code of Banks Commitment to MICRO and Small Enterprises. The Code has been placed on your Banks website and also made available to customers at the branches. While announcing the Annual Monetary & Credit Policy for the year FY11, the Governor, RBI had proposed that banks should devote exclusive time in their Board Meetings once in every six months to review and deliberate on issues concerning customer service/customer care. To comply with this, two such six monthly reviews were undertaken by your Banks Board for the sub-periods January-June 2011 and July-December 2011, in meetings dated 27th August 2011 and 13th April 2012, respectively.
Your Bank has put in place a Customer Grievance Redressal Policy, approved by the Board, and a well structured Customer Grievance Redressal Mechanism. The General Manager in charge of Operations & Services is designated as Nodal Officer for customer complaints regarding your Bank. At Zonal and Regional levels, Zonal Heads and Regional Heads are designated as Nodal Officers for their respective Zones and Regions. The names of all Nodal Officers along with their contact numbers are displayed in all the branches. A note on Review of Customer Services & Grievances Redressal Machinery is placed before the Board of Directors every quarter giving position of customers complaints received at your Banks Regional Offices and Head office and the follow up measures with important initiatives taken by your Bank for improving the quality of customer service. To eradicate customer complaints fully and to ensure hassle free customer service, a regular analysis is done on the complaints received from the customers
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Your Bank has Board-approved policies on customer services and the same are placed on your Banks website.
Generation of Cash Transaction Reports (CtRs) electronically for submission to Financial Intelligence Unit (FIU), through the electronic medium. Installation / Implementation of AML Solution for generating System based alerts. System-based detection and submission of Suspicious Transaction Reports (StRs) to the Financial Intelligence Unit (FIU) System based Risk Categorization (from AML Measure) of Banks customers accounts every half year. Filing of Counterfeit Currency Reports (CCRs) to FIUIND, New Delhi. Filing of Non Profit Organizations Transaction Reports (ntRs) to FIU-IND
To facilitate customers, an in-house Online Complaint tracking Module has been developed in consultation with Project Office, BCC, Mumbai. In Phase-I, the user-id and password generation for all the branches and your Banks regional/zonal officesplus functional departments was completed. All the regional offices and functional departments were able to access the complaint Module successfully. The online complaint icon was then activated on the home page of your Banks web site for quick access to the customer. The salient features of Online Complaint Tracking Module are as follows.
It allows tracking of the complaint both by the complainant as well as the concerned Branch/ Region/ Zone and Head Office concurrently It provides for generation of relevant MIS reports at all levels It provides for quicker transmission of complaint to the respective authority i.e. Branch /Region/Zone, thus increasing the time efficiency in redressal of a complaint. It provides for automatic escalation of the complaint in case action is not taken within the stipulated period by the respective authority, thus facilitating the controlling offices to follow up with the concerned branch for early resolution of the grievances. The module provides for generation of instantaneous Tracker ID along with an acknowledgement message of successful registration of complaint to the customer.
The full KYC compliance entails staff education as well as customer education for which the following measures have been taken by your Bank.
A comprehensive list of KYC documents is uploaded on your Banks website (www.bankofbaroda.com) for the benefit of customers. Similarly for internal usage, a KYC-AML page is created at your Banks INTRANET for posting reference material on KYC-AML-CFT education. Regular Training Sessions are conducted on KYCAML-CFT Guidelines at your Banks Training establishments. Training is being arranged for your Banks Senior Officials / Executives at RBI, IBA and National Institute of Bank Management (NIBM). Sustained efforts are made to create expertise at your Banks Head Office for corporate oversight and also KYC Audit of branches.
Based on the feedback and suggestions from the grass root level customer committees and various studies/surveys, a slew of customer centric initiatives and measures were taken by your Bank during the year under review to improve customer service at its branches.
KYC-AML-CFt
Know Your Customer (KYC) norms/Anti-Money Laundering (AML) standards/ Combating of Financing of terrorism (CFt) measures and obligation of Bank under PMLA, 2002. Your Bank has Board approved KYC-AML-CFT Policy in place. The said Policy is the foundation on which your Banks implementation of KYC norms, AML standards, CFT measures and obligation of your Bank under Prevention of Money Laundering Act (PMLA) 2002 is based. The major highlights of KYC-AML-CFT implementation across your Bank are as under.
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branches) where clearing and ECS are centralized for branches in each city centre. The centralization of clearing has also been introduced in 59 main branches (which handles clearing for local branches). The CBO concept has so far covered 1,308 branches.
Your Bank has implemented payment of Custom Duties at 116 Custom House locations through e-payment across the country Two new branches authorised for physical payment of Custom Duties taking the total toten custom locations interfaced with ICES 1.5 Software Additional 267 branches have been authorized for undertaking PPF/SCSS Business Utility for enabling e-freight payment for Railways has been commissioned Conclusion of Agreement with Stock Holding Corporation of India (SCHIL) for sale of e-stamps. This business has been commenced in the state of Gujarat, Rajasthan and Delhi Development under way for (i) Maharashtra State Government (ii) Rajasthan State Government Implementation of e-payment of State Taxes during the year at (1) Karnataka, (2) Andhra Pradesh (3) West Bengal, (4) Delhi & (5) Bihar Authorization of e-payment of State Taxes obtained for Daman &Diu Additional authority for the payment of pension in the state of Madhya Pradesh, Chhatisgarh, Punjab and Haryana has been obtained Implementation of Swavalamban Scheme under New Pension Scheme Your Bank is selected as Implementing Agency Bank for Pension & Life Insurance Fund E-payment of Professional Tax in Maharashtra started with effect from 1st Jan, 2012 Your Bank has identified its Service branch, New Delhi as Nodal Branch for e-payment of Ministry of Health & Family Welfare and the facility has been made operational for all the 11 Pay & Accounts Offices of the Ministry Your Bank has identified its International Business Branch in New Delhi as a Nodal branch for settlement of funds in respect of Banking arrangement with Ministry of External Affairs for Foreign Exchange Remittances between Mission/ Posts abroad Establishment of Centralised Pension Processing Centre for processing and payment of pension to the State Government Pensioners of Rajasthan state is under process Salary accounts of staff/student accounts of Reliable college, Ghaziabad canvassed A MOU with Kandla Port executed after permission from Indian Ports Association, Delhi Implementation of e-scroll on Postal Business
Bihar Orissa & Jharkhand Zone Eastern Zone Greater Mumbai Zone Gujarat Operations Maharashtra & Goa Zone MP & Chhatisgarh Zone Northern Zone Rajasthan Zone Southern Zone UP & Uttarakhand Zone tOtAL
Vigilance
It has been the endeavour of Vigilance department of your Bank to encourage and enable the operating level staff as also those at controlling offices to exercise due care and caution to take preventive and detective measures. This helps in increasing the efficiency and creating an environment of security for the honest work force. A careful distinction is made between the cases of gross negligence which put your Banks funds into avoidable jeopardy and the cases where business decisions have gone awry. Periodical monitoring of individual cases is carried out to ensure that inquiries are quickly concluded and are perceived as fair by all concerned. The endeavour is made towards ensuring that penalties, where necessary, are timely and just. Coordination is maintained with the zones/functional authorities of your Bank to locate specific cases of irregularities in your Banks operations. The complaints from the public/customers as also the cases of frauds and other irregularities are investigated promptly and followed up for corrective action, wherever necessary. A study of fraud prone areas indicating loopholes/ obsolescence of the systems and procedures in vogue, is undertaken on an on-going basis to improve the controls and update operational procedures. On occurrence of such instances, detailed examination of the associated systems and procedures is carried out with the help of respective functional departments with a view to eliminate or minimise factors and processes likely to adversely affect your Banks interest.
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Business Performance
Given below are the details of your Banks major achievements on business front during the year FY12.
Based on the superior product delivery, passionate service orientation, timely and speedier sanctions with a customer-centric approach, your Bank has made significant achievements in providing an array of Wholesale Banking products and services to several multinationals, domestic business houses and prime public sector companies. The Department places major thrust on faster delivery through efficient channels and adoption of better practices in credit administration. During FY12, the efforts were also made to improve the speed of decision making without compromising the quality of decision. During FY12, the non-food credit growth, in general, remained low in the Indian banking industry. However, even during this phase, your Banks Wholesale Banking Division created 130 new relationships through its Fast Track Desk. The department sanctioned fresh/increased credit facilities to the tune of Rs 60,955 crore during the year to various sectors /industries with projects /units spread across the country. Under Wholesale Banking, the corporate customers are identified as large and mid corporates. Those having annual sales turnover of between Rs 150 crore to Rs 500 crore are classified as mid-corporates, and those with sales turnover over Rs 500 crore are classified as large corporates. Sensing the need to focus and serve the potential mid corporate segment, your Bank took an important initiative of opening specialized Mid Corporate Branches in various potential locations throughout the country. These branches are equipped with mix of experienced and professionally qualified staff. Attaching high importance to the segment, your Bank arranged for training in soft skills plus domain-expertise knowledge for its staff identified for these specialized branches through an International Management Consultancy firm. Your Bank also opened one more specialized CFS (Corporate Financial Services) Branch taking total number of CFS Branches to eleven. Your Banks Wholesale Banking Department also has a full-fledged Project Finance Division (PFD). The PFD is well equipped with professionals from various disciplines and undertakes TEV (i.e. Technical Evaluation & Viability) studies for clients of your Bank as well as that of other banks. The Department is also equipped with Syndication Desk to syndicate domestic funding requirement of the clients. The Department earns significant fee-based income by carrying out TEV studies, vetting of projects and through syndication deals. Your Bank attaches higher degree of importance to the quality of appraisal and efficient processing of credit proposals at all levels to maintain the asset quality and realizes the importance of skilled and motivated employees to achieve the same. Keeping this in view, your Bank continued its thrust on regular grooming of Credit and Forex Officers. Your Bank also continued to recruit specialized officers from campuses and lateral recruitment of professionals cum experienced staff.
Global Advances
Particulars End March 2011 (Rs crore) 2,28,676.36 1,69,407.86 59,268.50 End March 2012 (Rs crore) 2,87,377.29 2,02,075.39 85,301.90
Growth (%)
Advances
- Domestic - Overseas
Wholesale Banking
A strong corporate credit culture and healthy growth in credit moderately above Banking industry average have been the consistent differentiators of Bank of Baroda for the past four years. In fact, your Banks Wholesale Banking Division offers a full range of loan products and services such as Term Loans, Short-Term Loans, Demand Loans, Working Capital Facilities, Trade Finance Products, Treasury Products, Bridge Loans, Syndicated Loans, Infrastructure Loans, Cross Currency/ Interest Rate Swaps, Foreign Currency Loans, Loan Against Future Rent Receivables and many more to its large and mid corporate clients depending upon their needs. The product offerings are flexible and suitably structured taking into account the customers risk profiles and specific needs.
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As in the past, Retail Business continued to be one of the important segments of overall business during FY12. Your Banks performance under its Retail Banking Segment during the year under consideration is as under.
Rs. 662 crore (2.13%) as on 31st Dec, 2011 and Rs 649 crore (2.17%) as on 30th Sept, 2011. As on 31st Mar, 2011,the NPA was at the level of Rs 580 crore(1.79%).
BarodaFirst Wealth Pack, a combo of two products namely BarodaFirst Savings Bank and BarodaFirst Regular Deposit jointly with two Insurance Products namely ULIP & Term Insurance Plan was launched on 2nd Jan, 2012. Until end-Mar, 2012, a total of 53,516 Packs were sold by your Bank.
Baroda Samriddhi Quarterly Recurring Deposit & Baroda Samriddhi half yearly Recurring Deposit Schemes were launched on 6th March 2012 primarily to facilitate Agriculturists, Self Employed & Professionals etc. Sales Operating Model was launched at 163 Baroda Navnirman Branches for developing Sales & Service culture to generate Business Leads. During FY12, a proposal was approved for increasing the maximum limit under Baroda Home Loan to Resident Indians and NRIs/PIOs at all Metro and Urban Centers from the existing Rs100 lakh to Rs300 lakh.
Product Modification
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Business initiatives
Loans and Personal Loan Borrowers, in addition to facility presently available for Home Loans & Education Loans. During FY12, a total of 18 death claims were settled by the insurers.
Savings Bank Deposit Campaigns: For mobilizing low cost deposits, a Savings Bank Deposit Campaign was launched on 1st Jun, 2011 for two months. The period of this campaign was later extended upto 31st Aug, 2011 foreseeing the challenge of mobilizing savings bank deposits in a rising interest rate scenario. To accelerate the pace of Savings Bank accretion, Savings Bank campaign was reintroduced during 2nd Jan, 2012 to 31st Mar, 2012, besides the launch of a special incentive scheme i.e. Evening with CMD & Picnic with staff for the award winning branches & regional offices.
Strategies adopted for Prevention of Frauds: A system of verification of various steps undertaken by the branches for fraud prevention under Retail Loans through a checklist was also introduced. Under the home Loan Suraksha Beema Scheme (A Tieup Arrangement with National Insurance Co. Ltd) a total of ten Accidental Death Insurance claims were settled by the insurer during the year under consideration.
Shri M.D. Mallya, CMD, giving away award at function Evening with CMD at Pune
Retail Loan campaign: With a view to harness the potential of ongoing festive season and to augment your Banks Retail Loan Book with a special focus on Home Loans and Car Loans, a Retail Loan Festival Campaign was launched during 26th Sept to 30th Nov, 2011. Going by the success of Retail Loan Campaign, it was further extended till 31st Mar, 2012, with a modification by increasing ROI concession from 0.25% to 0.50% in Auto Loans. Both the SB Deposit Campaign and the Retail Loan Campaigns yielded good results. Opening of new City Sales Offices: Nine City Sales Offices were opened at Haldwani, Raebareilly, Faizabad, Raipur, Bhopal, Indore, Bengaluru, Ghaziabad & Rajkot during FY12. Opening of new Retail Loan factories: Three new Retail Loan factories were opened at Haldwani , Dehradun and Nasik during FY12. Delegation of Additional Discretionary Powers for Concessions: All Zonal Heads of your Bank were delegated with powers for considering concession to the extent of 100bps in the applicable interest rate on Baroda Trader Loan for mobilizing fresh business & to augment Retail Loan Book during FY12. Providing Group Life insurance Cover:The Facility of Group Credit Life Insurance cover was approved for Auto
MSME Business
The Micro, Small and Medium Enterprises (MSME) segment is a vital component of Indian economy. This sector accounts for around 40.0% of the nations total industrial production, 34.0% of industrial exports, 95.0% of industrial units and 35.0% of total employment in manufacturing and services sectors. The contribution of Services Sector within the SME segment is quite significant; especially the IT enabled services, hospitality services, tourism, couriering, transportation, etc.
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Shri N.S. Srinath, ED, addressing the SME Customers Meet organized by Greater Mumbai Zone To give a focused attention to emerging SMEs in India, your Bank has been considering other commercial units with a turnover up to Rs 150 crore at par with the SMEs. To promote the growth of SME Sector, your Bank has launched a special and novel delivery model, viz. SME Loan Factory, which at present, is operational in 46 centres of your Bank and well accepted in the market place. The SME Loan Factory is an innovative model for streamlining processes and for timely sanctions of SME loan proposals. The model comprises of the Central Processing Cell for speedy appraisal and sanctioning of proposals within the stipulated deadline and a sales team to follow up on leads generated by branches. Given its success, your Bank has plans to open more such loan factories in the ensuing year. Your Bank has SME Loan Factories at all major business centres across the country, viz. Agra, Ahmedabad, Allahabad, Bangalore, Bareilly, Baroda, Bhilwara, Bhubhaneshwar, Bulsar, Bharuch, Chandigarh, Chennai, Coimbatore, Dehradun, two Factories in Delhi, Ernakulam,Gandhidham,Gorakhpur Hyderabad, Haldwani,Indore, Jaipur, Jamshedpur, Jamnagar, Jodhpur, Kanpur, Kolhapur, Kolkata, Lucknow, Ludhiana, 3 Factories in Mumbai, Meerut, Mehsana, Nagpur, Nashik, Pune,Patna, Rajkot, Raipur, Surat, Shahajahanpur, Varanasi and Vishakhapatnam. These SME Loan Factories sanctioned loans aggregating Rs 18,619 crore during FY12 as against Rs 14,530 crore in the previous year.
Shri R.K. Bakshi, ED receiving the National Award for Banks excellent performance in implementation of PMEGP scheme during 2010-11 in Central Zone from Shri Virbhadra Singh, Minister for MSMEs, Government of India. The Bank took the following initiatives in its SME business segment during the year under review.
The SME advances of Rs 34,512 crore as of end-Mar 2012 reflected a growth of Rs 7,147 crore (26.11%) over the SME advances of Rs 27,365 crore in the previous year. The advances of Rs15,455 crore to Micro Enterprises in total credit of Rs 28,047 crore to MSE sector stood at 55.10% in FY12 comfortably reaching the mandatory target fixed by the RBI. The SME advances as on 31st Mar, 2012 contributed 16.8% to the gross domestic advances of your Bank. The advances to Micro & Small enterprises reached the level of Rs 28,047 crore as against the government set mandatory target of Rs 27,000 crore by end-Mar, 2012. In FY12, your Bank opened ten New SME Loan Factories and eight New SME Specialized Branches. Your Bank introduced a New Product named as Baroda Channel Financing on pilot basis during FY12 to further promote its MSME business. Your Bank also introduced Baroda Entrepreneur Awards for Micro & Small Enterprises
Growth of Business
The total outstanding in MSME Sector works out to Rs 34,512 crore as on 31st March 2012. The growth in lending to MSME Sector during the last three years is given in the table below. Year 2009-10 2010-11 2011-12 Growth (%, YoY) 43.98% 29.63% 26.11% 2.
The percentage growth of MSME credit during FY10 was relatively high as the advances up to Rs 20 lakh to Retail Trade were classified for the first time under the Micro & Small Enterprises Sector during this year in line with the RBIs revised guidelines issued during September, 2009. The growth rate was normalized during the year FY11.
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its wide network of 1,270 rural branches and 1,045 semi-urban branches. Even during FY12, your Banks opened 314 new branches in rural and semi-urban areas. Your Bank is the proud Convener of State Level Bankers Committee (SLBC)in the states of Uttar Pradesh and Rajasthan. Your Bank shoulders the Lead Bank Responsibility in 45 districts in the states of Gujarat (12),Rajasthan (12), Uttar Pradesh (15), Uttaranchal (2), Madhya Pradesh (2) and Bihar (2). Your Bank has also sponsored five Regional Rural Banks (RRBs) in various states with a network of 1,300 branches and total business of Rs 21,700 crore as of end-March, 2012.
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10. The MOU was entered by your Bank with the NSIC for sourcing applications of MSME borrowers from it. 11. Your Bank released a booklet called Practical Guide to help entrepreneurs by giving them information on Your Banks SME products and also on the CGTMSE scheme.
Shri M.D. Mallya, CMD, releasing the SME booklet along with Shri N.S. Srinath, ED and Shri J. Ramesh, GM(SME & WMS) 12. Your Bank also signed a MOU with four credit rating agencies for rating of the SME accounts.
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Your Bank introduced various initiatives/strategies during FY12 to harness the emerging opportunities for rural and agriculture lending. Some of them are mentioned below. 1. To augment the Agriculture advances, your Bank conducted special campaigns viz. Kharif and Rabi campaign for crop loans under which the disbursements of Rs 3,676 crore and Rs 2,013 crore were made respectively. Another Campaign for Investment Credit was also launched under which disbursements of Rs 1,178 crore were made. Your Bank organized 5,944 Village Level Credit Camps and disbursed Rs 3,338 crore to 2,84,062 borrowers during FY12. Your Bank identified 450 Thrust Branches across India to enhance Agriculture lending which constituted 33% of total Agriculture lending as at end-March 2012. Your Bank formulated various area-specific schemes tailor made to the needs of local requirements, particularly where there is a concentration of industries like Rice Mills, Cold storages, cotton ginning units, Poultry units, etc. Suitable concessions in rate of interest, charges, etc. were allowed under these schemes to garner maximum possible business. As many as 22 area specific schemes were formulated to increase your Banks agricultural lending.
Your Bank has opened 21 new FLCCs during FY 12, taking the total number of FLCCs to 39 by end-Mar, 2012.Your Bank will be opening FLCCs in each of its lead district in due course.
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Baroda Uttar Pradesh Gramin Bank, Head Office: Raebareli. Baroda Rajasthan Gramin Bank, Head Office: Ajmer. Baroda Gujarat Gramin Bank, Head Office: Bharuch. Nainital-Almora Kshetriya Gramin Bank, Head Office: Haldwani. Jhabua-Dhar Kshetriya Gramin Bank, Head Office: Jhabua.
Baroda Grameen Paramarsh Kendra (BGPK) is another initiative undertaken by your Bank to help the rural community by providing credit counseling, financial literacy and other services like information on the prices of agricultural produces,scientific farming, etc. Your Bank had 52 BGPKs as on 31st March, 2012. About ten more Baroda Swarojgar Vikas Sansthan (BSVS),Baroda R-SETI Centers were opened during FY12. With this, the total number of BSVS has gone up to 46. Thus, each of your Banks Lead Districts now has a R-SETI as per the GOI guidelines. Ajmer BSVS centre is exclusively for women entrepreneurs. The BSVS are primarily the institutes for training the youth and imparting knowledge and skills required for taking up self-employment ventures. During FY12, 42,786 youth beneficiaries were trained out of which 25,791 have established self-employment ventures. Out of the total 1,22,228 beneficiaries trained by these centers so far, 75,050 have established their self employment ventures.
The aggregate business of these five RRBs rose to Rs 21,693 crore as of March, 2012 from Rs 18,803 crore as at end-March, 2011, registering a growth of 15.37%. The five RRBs together posted a Net Profit of Rs 120 crore during FY12 as against Rs 117 crore earned during FY11. The Net Worth and the Reserves and Surplus of all these RRBs put together improved from Rs 730 crore at end-March, 2011 to Rs 883 crore at end-March, 2012 and from Rs 453 crore at end-March, 2011 to Rs 566 crore at end-March, 2012, respectively.
Banks Efforts towards Financial inclusion (Fi) targeted villages and models adopted
As per the original communication received from RBI in January 2010, your Bank prepared a Financial Inclusion (FI) plan to cover 20,000 villages under Financial Inclusion within a span of three years commencing from 2010-11 to 2013-14.
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Your Banks Chairman & Managing Director (CMD), Executive Directors (EDs) and General Managers (GMs) at the Corporate Office are visiting villages in different states. Besides, all the regional heads and zonal heads are also visiting the villages in their respective regions/ zones and monitoring the activities regularly. Your Banks Board reviews the implementation of Financial Inclusion in your Bank every month on various parameters suggested by the Ministry of Finance, Government of India. Specially designed banners/posters/leaflets are being used by your Banks Zones/Regions/Branches at various stages of FI. Leaflets/posters have been prepared in regional languages and distributed in the villages. Usage of publicity material has helped to keep the people updated with the FI concept and also to remain informed about the FI enrolment dates, venue etc. Your Banks Swabhiman logo is being used in village sign boards, BC ID cards, T- shirts, Caps etc. Your Bank has opened 39 Financial Literacy and counseling Centres (FLCC) out of 45 lead districts of the Bank. Your Bank has also established 46 R-SETIs (Baroda Swarojgar Vikas Sansthan) of which 42 are in its lead districts which will also facilitate financial literacy efforts. Village level meetings are organized by your Bank in all the identified villages to create awareness on the banking products and services. Camps are also organized in the villages at the time of enrolment. Your Bank has introduced Mobile Banking vans for increasing the pace of Financial Inclusion. These vans will have connectivity to CBS through CDMA technology and they visit the villages on specified dates and time. The services are provided by your Banks own staff travelling in the van. Five such Vans have been made operational and they cover around 41 villages. (One in Gujarat, two in UP,one in Bihar and one in Goa.) Your Bank has completed coverage of 100% villages allotted under financial inclusion well before the dead line of endMar, 2012. More than 7.61 lakh FI accounts have been opened in these villages as against the target of 7.10 lakh.
Publicity
Service Providers
Performance
Your Bank has a clear structure for implementation and monitoring of Financial Inclusion. In order to have an effective supervision of the BCs, retired bank officials are appointed as BC supervisors for every 10-15 BC agents.
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The BCs are provided with a brief profile of the villages including population of village, number of households in village, number of KCCs/ GCCs issued in respective village and other details, so that they can perform with better focus on village needs. All USBs are mapped for weekly visits by the officers of respective link branch. We have also devised a proper reporting system for monitoring these visits by the respective regional offices and corporate office. All the BCs are provided with the uniform T-Shirts, Caps and Identity cards in all the villages. The uniform posters about the services available at USBs are provided to all the zones and regions in local languages for displaying at the USBs. In order to overcome shortages and cater to the requirement of manpower in officer cadre, we are starting capacity building programmes to train other cadres to perform the job role of officers in the same spirit as desired by the MoF from visiting officer. The preference would be given to local staff as far as possible so that they can converse in the local language and get appropriately connected with villagers. This will also facilitate a confidence building amongst the villagers about the FI initiatives of your Bank/ Govt. of India. The pilot project of such capacity building initiative would be started in Gujarat and rolled out in other states upon success of said pilot project.
A BC is appointed in a village and provided with POS machine/ hand held terminal to provide banking services in the village through USB. The place for USB is identified preferably in Gram Panchayat or Common Service Centre in village. The board is displayed inside each USB indicating various banking services being provided by your Bank at USB. There is also a board giving details of BC, his contact number, name/contact number of link branch, fixed day/ time of visit by officer etc. for the convenience of villagers. The business correspondent is providing services like cash deposits, payments up to certain limit, remittances, account balance enquiry, mini-statement etc. A bank officer from the link branch visits the USB once in week at pre-fixed time and day for financial inclusion activities in village, as specified by the Ministry of Finance. Minimum furniture such as table, three to four chairs etc. have been provided in an ultra small branch. The village level publicity campaign has been conducted to create awareness amongst the villagers, with the help of Gram Panchayats as well as in some cases block development offices. The signboard along with swabhimaan logo is displayed at a prominent place in the village indicating details of the BC and link branch along with working hours.
international Business
The global economy has not fully come out of the turmoil witnessed following the global financial crisis in 2008 in spite of the prompt measures taken by several countries around the world. Even in such challenging scenario, the International Operations of your Bank could achieve excellent results during FY12 and again proved the Banks resilience to global shocks.
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total Assets
Total Assets of your Banks International Operations increased from Rs 91,273 crore as of March 2011 to Rs 1,28,398 crore as on March 2012 registering a growth of 40.67% during the year.
Profit
The Gross Profit for the year FY12 registered a healthy growth of 48.51% over the level of previous year. The Net Profit too recorded commensurate growth of 45.19% during the year. Your Bank was able to improve the spreads and also show good increase in Other Income. Contribution of international operations to your Banks global Net Profit is 23.35%.
Asset Quality
In the current scenario of economic downturn and uncertainties, there was a stringent monitoring of assets by the Banks Top Management to safeguard your Banks interest. Your Bank has put in place an efficient loan processing, credit audit and credit monitoring mechanism. Borrowal accounts experiencing liquidity mismatch/crunch due to recessionary trends prevailing in the global economy/delay in projects for reasons beyond their control were restructured during the year FY12 based on their future cash flows and keeping the RBI guidelines in the matter in focus. These accounts as well as the accounts restructured in previous years were monitored regularly to maintain the asset quality and avoid any slip back. Gross Advances during the year increased by 43.73% over the level of Mar11, which meansyour Bank could maintain the healthy growth trend even during the challenging times. There were a few slippages and the Gross NPAs of your Bank as percentage to Total Advances marginally increased from 0.62% as of Mar11 to 0.68% as on Mar12.
Shri Arun Shrivastava, MD, Bank of Baroda (Kenya) Ltd., receiving the The Most Efficient Bank award from Ms June Gathoni, Director, Maple Management East Africa Limited. The Branch Expansion plan was continued during the year to take advantage of the business opportunities. During the year FY12, five new branches/offices were opened, including four branches of the subsidiaries. Your Bank primarily concentrated on expanding the network in countries where it is already present to tap the opportunities offered by the upcoming centres and enhance the market share in the country of operation.
international Presence
Your Banks international presence covered 24 countries through its 89 offices during FY12 as under. Banks Overseas Branches/Offices Banks Representative Offices Branches of Banks Overseas Subsidiaries total 55 2 32 89
Overseas Expansion
During the year FY12,your Bank opened five new branches/ offices (including that of the subsidiaries). An Electronic Banking Service Unit (EBSU) was opened at Hamriya Free Zone, Sharjah (UAE) and four branches of the subsidiaries were opened at Ovino Market (Uganda), Kakamega (Kenya), Nyali (Kenya) and Mon Repos (Guyana). The Representative Office in Malaysia was closed during the year as the Joint Venture Bank, namely, India International Bank (Malaysia) Bhd. is expected to commence operations during the year FY13.
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technology
Inauguration of Kakamega Branch in Kenya. The number of ATMs at overseas territories and subsidiaries increased to 76 (45 onsite and 31 offsite) as on 31st March, 2012 from 68 (42 onsite and 26 offsite) as on 31st March, 2011. The Global Treasury Solution is implemented by your Bank at UK, UAE, Bahamas, Bahrain, Hong Kong, Singapore and Belgium. The Centralized SWIFT activity is operating from the Data Centre of your Bank. All Territories/Subsidiaries except UK and USA are routing their Swift operations through SWIFT Cell, Data Centre. The Payment Messaging System implemented is a middleware between Core Banking Solution (Finacle) and SWIFT, which help in Straight Through Processing of Incoming and Outgoing SWIFT Messages with Anti Money Laundering check. It is implemented in all Territories/ Subsidiaries, except in UK and USA. The Anti Money laundering Erase (Batch mode) is implemented in all the overseas centres of your Bank except in Belgium and USA. An Anti Money Laundering Online List Matching Solution is also implemented in all the overseas centres with the exception of USA.
Syndication Centre
Your Bank has Global Syndication Centres at London and Dubai which focus on the business of Syndication Loans in International Market. The Offshore Banking Unit in Singapore has been further strengthened to play a more active role in canvassing the business. The International Merchant Banking Cell (IMBC) set up at the Banks Corporate Office, Mumbai plays a supportive role to the Regional Syndication Centres and also canvasses substantial business as there was increased demand from Indian Corporates for Foreign Currency resources. The Banks IMBC also actively participates in loan origination.
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FY12, after having grown at the rate of 8.4% in each of the two preceding years. This indicates a slowdown compared not just to the previous two years but 2003 to 2011 (except FY09 a year of global financial crisis). During FY12, the RBI hiked interest rates by 125 bps taking repo rate to 8.50% before signaling a pause in Dec, 2011. To infuse liquidity into the system, the RBI reduced CRR [Cash Reserve Ratio] by a cumulative 125 bps in the last quarter of FY12 and conducted open market operations to the extent of Rs 1,29,252 crore. Your Banks Treasury offers customized solutions using available products viz IRS, CIRS, Forwards and Options to meet the Interest rate and Foreign Exchange risk mitigation requirements of the corporate clients. During FY12, your Banks Treasury Division was active in taking benefit of the arbitrage opportunities available between various Treasury market asset classes including Money Market CBLO, Call, Market Repo, Government Securities and Forex markets. The Treasury actively utilised the market movements and used Overnight Indexed swaps, INBMK swaps for harnessing available hedging and trading opportunities. Tight monetary policy coupled with a higher than announced borrowing program resulted in the benchmark 10 year Government security touching a high level of 9.0% in Nov, 2011. Against this backdrop, the Treasury focused on maintaining appropriate duration of portfolio, keeping minimal adverse impact on valuation and maintaining a good average yield on investment portfolio. The average yield on Domestic SLR investments was 7.87%. During FY12, the Treasury earned Rs 6,032 crore as Interest/Discount earnings, while the Profit on Sale of Investment and Exchange Earnings were Rs 622 and 412 crore, respectively. The Indian Equity markets were subdued for most part of FY12. This was due to the cumulative impact of weaker recovery of the US economy, European sovereign debt crisis and muted FII inflows into the emerging markets including India. The FII inflows picked up during the last quarter resulting in the market moving to higher levels. The Equity Desk of the Treasury actively churned its portfolio and booked profits at regular intervals whenever an opportunity emerged in the markets. The unfolding of the euro zone crisis and uncertainty surrounding the global economy have impacted the Indian economy causing drop in growth, higher current account deficit (CAD) and declining capital inflows. As in 2008, the transmission of the crisis has been mainly through the Balanceof-payments (BoP) channel. Export growth too decelerated in the third quarter of FY12, while imports remained high, primarily because of very high international oil prices. At the same time, foreign institutional investment flows declined, straining the capital account and the rupee exchange rate that touched an all-time low of Rs 54.23 per US dollar on 15 December 2011 during intra-day trading The Foreign exchange desk of the Treasury retained its position as one of the premier market players in the Forex desks of the Public Sector Banks. The Proprietary trading desk was active in cashing in of available arbitrages, using volatility in the markets and mobilised resources in a tight liquidity position impacting the Indian markets. The turnover of the Foreign Exchange deskof your Banks Treasury increased by nearly 14.0% on y-o-y basis during FY12.
Regulatory Compliance
Your Bank is well known for its regulatory compliance and has always followed home country regulations rigorously. Your Bank has a dedicated compliance team at major overseas centres for ensuring regulatory compliance across all the businesses and operations. They are responsible for identification and assessment and compliance related matters from a regulatory compliance perspective and monitoring and reporting. All the overseas centres have prudential policies in place as per the local regulatory requirements. The territories/subsidiaries ensure that these are periodically reviewed in line with the type of business undertaken, changing scenario and taking into account modifications if any in the regulatory guidelines.
treasury Operations
Your Bank operates a State of the Art Dealing Room at Baroda Sun Tower at its Corporate Office in Mumbai. Through this dealing room your Bank is well positioned to scale up its Treasury Operations. The Treasury handles your Banks domestic treasury operations and covers activities in various markets i.e. Foreign Exchange, Interest Rates, Fixed Income, Derivatives, Equity and other alternative asset classes. The advanced technology platforms are used by your Bank to offer a basket of financial products to its clients including Interest rate swaps, currency swaps, forwards and options. Your Bank has also put in place a sophisticated Automated Dealing system to offer auto generated real time foreign exchange rates to the clients of its authorised branches spread across the country. As a customer friendly initiative, during the year FY12, enhancements were made in the Global Treasury Solution facilitating instant flow of information about credits received by your Bank in favour of its customers through its foreign correspondents. Under the Business Process Re-engineering, your Bank has successfully implemented Global Treasury solution across major financial centres. The Global Treasury Platform is running smoothly in Mumbai, London, Bahamas, Brussels, Dubai, Bahrain, Singapore, Hongkong and New York. During the year FY12, managing growth and price stability emerged as the key challenges against the backdrop of a slowing economy weighed down by the impact of tight monetary policy and slower economic growth. The advance estimates of Indian economy suggest a growth of approximately 6.9% in
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Your Banks Treasury Mid-Office monitors market exposures and limits fixed by the Board of Directors, on a real time basis. The Risk Management parameters, including Value-at-risk (VaR) are used to measure Market Risk on all portfolios. These measures are backed up by the Back Testing on risk numbers and Stress Testing of various investment and currency portfolios.
Indian banks, in general, witnessed heavy incidence of slippages in FY12 due to volatile financial markets both within and outside India, higher inflation and higher interest rate regime throughout the year FY12. In spite of various depressed economic parameters impacting the Bank, fresh slippages, during the year,were kept under control at 1.44% of the opening Standard Advances of your Bank. Against the backdrop of high slippages, the ratio of Gross NPA to Gross Advances was at 1.53% as on 31st Mar, 2012.Consequently, the ratio of Net NPA to Net Advances marginally increased to 0.54% by end-Mar, 2012. Your Bank continued to maintain the Loan Loss Provisioning ratio at higher level than the mandated norms set by the RBI during FY11. Its Loan Loss Provisioning ratio was higher at 80.05% as on 31st Mar, 2012 after taking into account the Prudential/ Technically Written-off advances. During the year under review, your Bank laid down a comprehensive structure of recovery and credit monitoring function at the Branch, Region, Zone and Corporate levels. Besides this, the Nodal officers at each DRT centre were assigned the role of a follow-up of legal cases on day to day basis so as to minimize the delay in obtaining decrees and execution thereof in order to expedite and maximize recoveries. Additionally, Lok Adalats, Recovery Camps and Village Chaupal Meets were regularly conducted by your Banks branches to reduce long pending cases and expedite recoveries in small accounts. Your Bank continued its emphasis on follow-up mechanism to explore recovery prospects of NPA accounts. The system of monitoring of large value NPA accounts of say Rs 25 lakh and above directly from the corporate office has ensured proactive action by branches, advocates, recovery agents, etc. Therefore, the cash recovery in NPA accounts during FY12 was Rs 580 crore, much higher than the cash recovery of Rs 455 crore during FY11. The upgradation was substantially higher at Rs 336 crore during FY12 compared to Rs 189 crore during FY11.
Shri N.S. Srinath, ED giving certificate to one of the participant of BSVS, Surat. Your Bank has established 52 Baroda Gramin Paramarsh Kendra for knowledge sharing, problem solving and credit counseling for rural masses across the country. In order to spread awareness among the rural mass on various financial and banking services and to speed up the process of financial inclusion, your Bank has also established 21 Financial Literacy and Credit counseling Centres (FLCC)during FY12 making the total number of FLCCs to 39.
During the year FY12, your Bank laid specific focus on recovery of small accounts by organizing Lok Adalats and Recovery Camps at village/town level. Your Bank also launched an incentive- linked recovery scheme called Sankalp IV to enlist personalized attention of each and every staff member in pursuing recovery efforts of small value accounts with an outstanding up to Rs 15 lakh. The cash recovery made during the year FY12 under the scheme was very impressive at Rs 191 crore. The asset classification wise breakup of advances portfolio of your Bank is as under. (` crore) Asset Category (Gross) 31st March 2012 Standard 2,86,542.59 Gross NPA 4,464.75 Total 2,91,007.34 Gross NPA is comprising of: Sub-standard 2,661.82 Doubtful 1,318.71 Loss 484.22 Total Gross NPA 4,464.75 31st March 2011 2,28,173.03 3,152.50 2,31,325.53 1,097.23 1,336.64 718.63 3,152.50
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Shopping, Feedback/ Complaints etc. The IMPS was also enabled through Mobile Banking for interbank fund transfer.
Your Bank has built the best of technology infrastructure by implementing a state-of-the-art Data Centre conforming to Uptime Institute Tier-3 standard and also a Disaster Recovery Site in different seismic zone with redundancy built in every single point of failure to ensure uninterrupted banking service delivery to customers. After successfully migrating Data Centre to new Data Centre in the Banks own premises during previous financial year, your Bank had undertaken Disaster Recovery Centre expansion during the year to support its business growth and technology expansion. Your Bank has also undertaken various other technology initiatives like windows server virtualization, desktop virtualisation and backup consolidation as green initiatives and also to improve Data Centre operational efficiency. Bank wide network was migrated to new technology based on MPLS for improving uptime and on demand upgrade. Enterprise Management System was upgraded and new modules deployed to effectively manage and monitor Banks growing IT infrastructure. The Core Banking System was migrated to higher version with enhanced features. Various new modules like Fixed Assets maintenance, sales tracker module, centralized service tax, eBRC (Bank Realisation Certificate) module, account number portability, workflow automation for New Pension Scheme Swavalamban were implemented during the year. In order to enhance security and confidence in Internet Banking, your Bank introduced enhanced security features by deploying Fraud Management Solution, including two factor authentications. Your Bank continued to add more facilities under its Internet Banking channels. Internet Banking, viz., Baroda Connect, now provides speedy and secured facility to transfer funds to self, third party (within BOB) and inter-bank. Other facilities available are online opening of Fixed Deposits, Railways Freight Payment, online payment of Direct and Indirect Taxes and certain State Government Taxes, utility bills, rail tickets, online shopping, donation to temples and institutional fee payment. Corporates also have the facility of direct salary uploads, trade finance. Various State Tax payments have been enabled during the year. The SMS Alerts, RTGS/ NEFT transactions are also provided in internet banking portal. ASBA (Application Supported by Blocked Amount) functionality has been provided in Baroda Connect for Online subscription to Initial Public Offers and Follow-on Public Offers for applying for Equity Shares. Transaction based Internet Banking has also been implemented in Uganda, Botswana, New Zealand, UAE, Kenya, Mauritius, Seychelles, Fiji and UK providing facilities such as fund transfer to self and third party, bill payments, corporate salary upload and online shopping. View based internet banking has been implemented overseas in Oman and Tanzania. Mobile Banking BARODA M-CONNECT one more alternate delivery channel was added to provide various facilities to customers, viz., Balance Enquiry, Mini Statement, Linking of Multiple Accounts, Fund Transfer, Request to the Bank, Bill Payments, Ticket Booking,
The ATM Switch was upgraded during the year to support increasing volume of transactions and ATMs. The ATM switch is operational in India, UAE, Oman, Mauritius, Fiji, Tanzania, Botswana, T&T and New Zealand. ATM switch is integrated with seven interchanges viz. National Switch NFS(NPCI), Visa, MasterCard, CBUAE (UAE), CBOMAN (Oman), Link (T&T), Paymark (New Zealand) to provide convenience to customers by increasing delivery points through ATMs covered under these switches. As a customer centric initiative, Bank has implemented self-linked fund transfer, Institution fees payment, mobile banking registration, mobile number updation, biometric authentication enabled ATMs, tax payment, multiple accounts being linked to a single Debit Card, Verified by VISA, CVV2, Visa Platinum, Maestro Debit Card, Biometric Card, PIN change and mini statement through other Bank ATMs. Mobile ATMs have been launched in Ahmedabad, Pune, Lucknow and New Delhi. Some value added features like online cash deposit and cheque deposit, cheque book request, statement request, envelope cash and cheque deposits services are introduced in UAE. Internet Payment Gateway services for debit cards/credit cards are increasingly offered to merchants and internet shopper as a safe and secure channel for online purchases. The SMS Alerts delivery gateway was upgraded to extend the facility to all customers of your Bank. During the year, customers are provided with one more service delivery channels with the launch of Contact Centres in Lucknow and Baroda. The Retail Depository Services are made available to your Banks customers. With a centralized depository application, branches are equipped to provide depository services for both NSDL as well as CDSL. With Online Trading System, your Bank will be able to provide complete suite of online services to the customers for trading in instruments like equities, mutual funds, bonds and initial public offering (IPOs). Cash Management System is a full-function web enabled cash management solution offered to your Banks customers, covering services like Receipt Management (Collections), Payment Management and Invoice Management (Receivable and Payable Management). New Credit Card Management System has been implemented to provide comprehensive management and support for your Banks Credit Card operations. All CBS branches are enabled for interbank remittances through RTGS and NEFT. RTGS and NEFT have also been interfaced with our internet banking portal. The Straight Through Processing (STP) of NEFT Inward Messages have been implemented for the Bank as well as RRBs. The SWIFT facility for worldwide inter-bank financial communication is provided at Foreign Exchange Authorised Branches in India as also in overseas territories. The Payment Messaging Solution (PMS) is implemented in 20 overseas territories & all authorised branches in India. PMS facilitates validation and formatting of SWIFT messages generated from CBS as per SWIFT standards, and also goes through AML check.
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During the year, a grid based Cheque Truncation System (CTS) was implemented in Chennai, Coimbatore and Banglore. For improving your Banks service delivery, the Back Office functions have been centralised at City Back Offices and Regional Back Offices. During the year, your Bank added five more Regional Back Offices. Your Bank now has 70 City Back Offices and 10 Regional Bank Offices. The personalised cheque books issuance has been centralized. Your Bank has also started centralised FCNR operations. Automated Cheque Processing Centre (Inward & Outward) was implemented in Mumbai. Your Bank has also initiated the process of implementation in Surat, Ahmedabad, as a part of Business Process Re-engineering under its Project Navnirmaan. The Integrated Global Treasury Solution has been implemented in UK, UAE, Bahamas, Bahrain, Hongkong, Singapore, Belgium and in India, reducing the cost of operations and better fund management. For regulatory compliance, the Anti Money Laundering (AML) has been implemented in India and 20 overseas territories. Your Bank has also implemented Risk Management solution. Enterprise wide GL Solution has been implemented. This provides variety of inputs to your Bank for strategic decision making in business development and also generates enterprise wide consolidated reports. The Centralised Payroll, Salary module, e-TDS module and Leave Module have been implemented for all your Banks offices in India. The Human Resource Networking for Employees Service has been implemented with the objective of creating a central database of the Bank employees for facilitating decision-making, promotion and selection exercise as also for automating other HR process. Your Bank had also undertaken as a part of its business strategy, Data Warehouse for providing flexible and interactive source of strategic information, Customer Relationship Management for better customer insight and uniform customer view across channels. The IT setup has been developed for account opening process and transactions, both online and offline, to be carried out through Business Correspondent thus enabling Financial Inclusion. The Mobile Van Banking is launched in Gujarat, UP & Bihar on a pilot basis as the Banks Financial Inclusion initiative. The Solar Power Generation System (SPGS) was implemented during the year in additional rural branches to ensure uninterrupted banking services to the Banks rural customers. The SPGS will provide an alternate source of energy through UPS at branches that face acute power shortage or have large load shedding. A robust Information Security Management System was put in place during the year under review to protect the technology against security threat. Various IT initiatives under Financial Inclusion are being proposed like Aadhaar Enabled Payment System (AEPS), Aadhaar Payment Bridge (APB), Ultra Small branches, etc.
Some more Customer Centric initiatives are proposed like Interbank Mobile Payment Service (IMPS) through ATM, Internet Banking, RuPay Card ATM & Point of Sale (POS) implementation, European Master Visa (EMV) implementation, Chipbased card, more facilities through Interactive Voice Response System (IVRS), NEFT through ATM, utility bill payment through ATM, etc. The advanced phases of Customer Relationship Management and Data Warehouse are also being planned. Your Bank has plans to upgrade existing applications like Exchange, eBusiness suite with enhanced features. It also proposes implementation of Business Analytics, Employee Performance Management System, Employee Incentives and Manpower Planning. It further proposes implementation of Security Operation Centre for enhanced IT security. It has planned technology projects like optimal utilization of IT infrastructure, archival project, IPV6 implementation, Biometric authentication for internal users, IT infrastructure for growth, etc.
E-business
Your Banks e-business department provides different types of Alternate Delivery Channels (ADC) such as ATMs, Internet Banking (Baroda Connect), RTGS/NEFT, Phone Banking, Internet Payment Gateway (IPG) etc. In addition to this, the e-banking department of your Bank looks after Depository Services, Cash Management Services & Sale of Gold Coins. This year, the Bank successfully launched Contact Centers from Lucknow & Baroda, mobile banking and pre-paid gift card etc. Given below is the performance of various segments under the e-Business activity, during FY12.
Future Plans in it
Shri M D Mallya, CMD inaugurating 104 new ATMs on Banks 104th Foundation Day. Shri N S Srinath, ED and Shri P D Singh GM (E-Business) are also seen During FY12, your Bank received NFS Operational Excellence Award for ATMs from National Payments Corporation of India (NPCI) Best Bank in Public Sector category.
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b)
Baroda RTGS/NEFT
Particulars No. of Inward Transactions No. of Outward Transactions Avg.Transactions per day (Inward) Avg.Transactions per day (Outward) 2010-11 2011-12 RTGS NEFT RTGS NEFT 13,98,612 34,24,515 16,62,070 61,37,139 19,25,969 14,88,661 21,47,527 29,48,252 5,793 7,235 17,035 8,015 7,720 9,338 28,376 13,211 2.
Pre-paid Cards
During financial year FY12, the total number of transactions in BCMS was 14.19 lakh with total turnover of Rs 10,355 crore. A profit of Rs1.39 crore was earned. The number of customers has increased from 92 as on 31st March 2011 to 206 as on 31st March 2012. It is proposed to extend these services to 100 more centers in a phased manner. As on 31st March 2012, 124 Merchants were registered as against 52 as on 31st March 2011 and total turnover during FY12 was Rs 26.49 crore. A Profit of Rs 27.94 lakh was earned during FY12. Your Bank started selling the gold coins since October 2007. At present, gold coins in denomination of 2gm, 4gm, 5gm, 8gm, 10gm, 20gm and 50gm are sold. During the year FY12, 80,958 gold coins weighing 668.45kg were sold. A profit of Rs11.20 crore was earned from this activity during the year FY12.
Launch of Baroda Gift Card by Shri M D Mallya, CMD along with Shri N S Srinath ED and Shri P D Singh, GM (E-Business) 3. Contact Centres at Lucknow & Baroda
Inauguration of Baroda Contact Centre by Shri M D Mallya, CMD. 4. Different variants of Debit Cards: a) Visa Platinum Debit Card b) Mastercard Combi Gold Debit Card
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& Finance in Baroda Manipal School of Banking, before being absorbed in your Bank with first-day, first hour productivity as the main objective.
4.
human Resources
Human Resource strategies have been a key component of your Banks overall efforts for business transformation and augmenting performance of its operational units. The prime objective of the HR function is to harness the employee potential for serving the customers better. Your Bank is endowed with a competent and highly motivated employee base of around 42,175 people who are engaged in handling the mammoth business operations of your Bank. Your Bank took some major HR initiatives during the year FY12 in order to cement its position in the top league of banks. Some of these initiatives, as described below, are unique and path-breaking for the entire Public banking sector as a whole.
This focused project was initiated by your Bank during this year to revamp its existing HR processes, structures and policies in order to support the technology and business transformation of your Bank. Various initiatives like Talent management, Succession planning, creating a scientific staffing model & manpower planning, development and capability building, performance management, etc. were started under this project.
implementation of hR technology
Your Bank has created a very comprehensive HR technology platform covering HRM, Training, Payroll & Leave modules christened the Human Resources Network for Employee Services (HRNes). This technology platform has enabled automation of various HR functionalities and various modules under this system were continued to be implemented during the year.
Your Bank initiated this innovative resourcing channel during the year FY12, in tie-up with Manipal Global Education Services. The Baroda Manipal School of Banking will provide a batch of around 180 fully trained officers per quarter with effect from Sept, 2012 onwards who shall be deployed against your Banks requirement of specific profiles of officers. The students undergo a focused grooming which is tailored to BOBs requirements, while undertaking a one-year full-time PG course in Banking
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career progression, thereby, motivating employees for higher productivity. Your Bank has been regularly promoting people in all grades / scales, year after year, without a break, in order to keep on continuously rewarding its top performers and make them assume higher responsibilities faster. In keeping with this trend, a large number of promotion exercises were undertaken during the year FY12 also, the results of which are given below.
Sub-Staff to Clerk Clerk to Officer JM-I to MM-II (Officer to Manager) 207 450 In progress for filling up 600 vacancies In progress for filling up 500 vacancies In progress for filling up 275 vacancies 85 28 11
Leadership Development
Taking into account the critical need for building leadership competencies in people, your Bank has launched a comprehensive leadership development program Project UDAAn covering Branch Heads of all Urban and Metro Branches and all the Assistant General Managers and Deputy General Managers with the objective of creating leaders for the future. Such a massive and comprehensive leadership development effort is unparalleled in the industry and first of its kind for an Indian state-owned Bank.
MM-III to SM-IV (Sr. Manager to Chief Manager) SM-IV to SM-V (Chief Manager to Asstt. Gen. Manager) SM-V to TEG-VI (Asstt. Gen. Manager to Dy. Gen. Manager) TEG-VI to TEG-VII (Dy. Gen. Manager to General Manager)
The programme has been structured around three modules of leadership viz. Leading Self, Leading Others and Leading Business and each of the three modules are being addressed through a combination of off-site Forum events and Coaching clinics. The programme covered around 960 participants in seven batches (waves) across seven zones of your Bank during the year FY12 and around 460 more participants shall be covered in another three batches in the next year.
Reservation in Employment
Your Bank observes all guidelines stipulated by the Government of India for reservation of posts in employment in All India recruitment and local recruitment. Around 15.0% posts are reserved for SCs and 7.5% posts are reserved for STs in all India recruitments. For other recruitments made on regional basis, appropriate percentage prescribed for various States is being observed. Special efforts are made like offering pre-recruitment orientation training to SC/ST applicants for recruitment in your Bank. Relaxation in age limit and qualifications are given and interviews of SC/ST candidates are taken on relaxed standards in order to ensure that appointment of candidates to the reserved posts happens. In the Interview Panel for recruitment, a member belonging to SC/ST is invariably associated. Candidates belonging to SC/ST, who are called for interview, are reimbursed traveling expenses. In addition to providing reservation in employment, your Bank is also providing reservation and other enabling mechanisms in career growth and promotions for SC and ST employees as per the guidelines in vogue. Pre-promotion training before participating in promotion exercises is also provided. Around 10.0% of the available residential accommodation of your Bank is also reserved for SC/ST candidates.
Recruitment Drive
Your Bank has been undertaking focused hiring efforts on a sustained basis year on year, to cater to superannuation, sustained business growth and rapid Branch expansion. Various recruitment exercises were undertaken during the year to address the emerging manpower requirements in your Bank. Recruitment of Specialist officers, probationary officers, recruitment of young MBAs directly from the campuses of renowned Business Schools were initiated in large numbers to meet the needs of your Bank, both in terms of replacements for normal attrition and factoring in the business growth needs. Your Bank recruited 1,726 Officers in various Grades/Scales (both Generalists & Specialists), 1,395 Clerks and 629 Subordinate staff members. With another 125 new hires in the process of joining,your Bank has thereby inducted a total of 3,875 new employees during the period FY12. The recruitment process is continued in the year 2012-13 also with various recruitment projects underway for filling up almost 1,000 posts of officers and 2,000 posts of clerks.
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The staff strength and representation of SCs and STs as of 31st March 2012 is as under. Cadre Officers Clerks Substaff Total total 16,953 16,448 8,046 41,447 SC 2,936 2,428 2,845 8,209 SC % 14.76 17.32 35.36 19.81 St 1,159 1,070 733 2,962 St% 6.84 6.51 9.11 7.15
Taking forward this brand rejuvenation journey, the Bank had introduced the brand in Sonic Medium by launching its Signature Tune on the occasion of its Foundation Day on 20th July, 2011. Your Banks marketing communication continued to focus on enhancing the recall value of the brand and thereby providing absolute support to the field staff.
Product Support
During FY12, a number of product promotion campaigns were conducted to promote Retail Loans, Current Deposits, Saving Deposits, SME products, NRI products and sale of gold coins. A combination of all media vehicles [print, electronic and OOH media] was used to support the sales effort of field level units. Their efforts were also aided by suitable in-branch publicity through display of banners, posters and leaflets and general promotional events through the expanding branch network.
SC/St Cell
An exclusive SC/ST Cell in your Bank has been set up to monitor the reservation and other enabling provisions for SC/ ST employees. An executive in the rank of General Manager is appointed as Chief Liaison Officer for SC/ST employees who ensures compliance of various guidelines pertaining to the SC/ ST employees. A Liaison Officer for SC/ST has been appointed in each Zone of the Bank who takes care of all matters and grievance redressal of SC/ST employees of that Zone.
Marketing initiatives
India is a unique blend of diverse cultures, religions, languages and festivals. Bank of Baroda, Indias International Bank, is proud to present glimpses of this rich heritage woven intrinsically into the life of every Indian.
With a view to have direct dialogue and review of reservation and other special provisions for SC and ST, your Bank holds quarterly meetings with the representatives of SC/ST Welfare Association of the Bank. Your Banks Chairman and Managing Director and Senior Executives including the Chief Liaison Officer for SC/ST participate in the meeting.
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Launch of Banks Calendar for the year 2012 Your Bank introduced the brand in Sonic Medium by launching its Signature tune on the occasion of Banks Foundation Day on 20th July, 2011. Corporate branding initiatives like launch of signature tune, advertisements about financial results and awards and various product campaign promotions have aided Increase of Banks Brand Value to $ 675 Million in 2012 from $ 585 Million in 2011. Improvement in Banks Brand Ranking to 166 in 2012 from 214 in 2011. (Source: Brand Finance-Top Brands Banking 500, 2012 survey)
Marketing
The breakthrough marketing communication path with the introduction of the animated mascot Stickman by Bank in the year FY11 had enhanced the Banks branding and set the pace for different branding initiatives.
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Various on-ground activities helped to broaden your Banks competitive edge by improving visibility, image, prestige and credibility by supporting events where your Bank could capture attention of prospective customers and generate business. Your Bank organized and participated in many such events. Some of the major events where your Banks branding was enhanced included viz. Vadodara Marathon - 2012, President Fleet Review Nite - 2012, Mint Annual Banking Conclave -2012 - Opportunities and Challenges, 10th Pravasi Bhartiya Divas 2012, Jaipur, Mumbai Marathon 2012, FICCI Series of Seminars on MSME Financing 2011, FICCI-IBA Banking Conference 2011, 28th Skoch Summit on Financial Inclusion and The Baroda Cup Polo Tournament. The Out-of-Home media was also well leveraged to ensure customer recall.
Shri M D Mallya, CMD, releasing the signature tune CD. Shri N S Srinath, ED and Shri Ulhas Sangekar, GM (HR & Marketing) are also seen in the photograph
ABCI Awards 2011. a. b. c. d. Gold Trophy in Indian Language Publication- Akshayyam Bronze Trophy in New Publication- Navnirmaan Bronze Trophy in Special Column Apni Baat Gold Trophy in Web Communication online Retail Product Campaign Fastest Growing Bank- Large Banker of the Year to Shri M D Mallya, CMD
Banks participation in Mumbai Marathon 2012
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Best Public Sector Bank Award by State Forum of Bankers Club, Kerala. ICAI awards for Excellence in Financial Reporting Best Public Sector Bank by NDTV Profit My FM Stars of the Industry Brand Leadership Award
Sayajirao Nagar Gruh at Vadodara Inauguration of new premises of Regional office Surat, by Shri M D Mallya, CMD.
As per the directives from Ministry of Finance, your Bank linked its Corporate Office and all Zonal and Regional offices through State-of-the-Art Video Conferencing Systems with MPLS connectivity. Interaction of functional heads through VC has expedited the decision making process in more efficient and cost effective manner. Your Bank is also marching towards technology based initiatives in the form of e-tendering, e-procurement, etc. All payments to vendors are being made through RTGS / NEFT or credited to beneficiary account. Migrated all the assets, located at branches and calculation of depreciation thereon, to CBS platform with the assistance of Projects & IT Department Looking to the changed scenario and available delivery channels, furnishing of RBO, CBO, and Contact Center have been carried out in-house, at various locations, to ensure efficient customer services. In tune with your Banks policy to have its administrative offices in owned premises, your Bank has purchased land at Bangalore (Karnataka), Hyderabad (A.P), Faizabad (U.P), Indore (MP), Udaipur, Kota, Jaipur (Rajasthan) and New Raipur (Chhatisgarh) for construction of commercial building.
Shri M D Mallya, CMD handing over the keys of Sayajirao Nagar Gruh to Dr. Jyoti Pandya, Mayor, Vadodara City. Maharaja Ranjitsinh ji Gaekwad, the heir of H.H. Sir Sayajirao Gaekwad III and other dignitaries greatly appreciated your Banks gesture. The State-of-the-Art building depicts all the rich cultural heritage of the town using the talents of local artisans and artists. The beautiful building has since become a landmark of Baroda City. Major Cultural events of the city are since held there. The administrative office cum residential complex at Ghod Dod Road Surat is since completed. It is equipped with ultra modern gadgets and systems with energy efficient equipments, rain water harvesting system, eco friendly materials. Banks presence by this building in the Diamond City is admired by one and all.
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14,002.31 1,280.07
India
104
851
Branch network
Given below is the information on your Banks brick and mortar distribution channels as on 31st March, 2012, which are observed to be closer to common customers as compared to the E-Banking channels, which are generally preferred by the tech savvy urban masses.
India India
3,621.44
4,096.21 -1,312.36
69
15 1,457
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Your Bank introduced bilingual software namely Script Magic in the finacle system across all its branches (which are already on the CBS) and started generating and printing of Passbooks/ Account Statements and other reports in Hindi in Region A & B. The publication of e-bulletin in Hindi namely Baroda Hindi. Com is promoting the use of Hindi through technology.
Board of Directors
Shri Sudarshan Sen was nominated as a Director w.e.f. 30.05.2011 by the Central Government u/s 9 (3) (c) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the post until further orders. Shri Vinil Kumar Saxena was appointed as a Workmen Employee Director w.e.f. 25.07.2011 by the Central Government u/s 9 (3) (e) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or till he ceases to be workmen employee of Bank of Baroda or until further orders, whichever is earlier. Shri Maulin Arvind Vaishnav was re-elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of three years from 24.12.2011 to 23.12.2014. Shri Surendra Singh Bhandari was elected as a Director by shareholders of the Bank other than the Central Government u/s 9 ((3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of three years from 24.12.2011 to 23.12.2014.
Shri B B Garg, GM, receiving Rajbhasha Shield by Smt. Pratibha Devi Singh Patil, Her Excellency, President of India. Your Banks in House Hindi Magazine Akshayyam was awarded by the ABCI with Gold Prize under Indian Language Publication category, Apni Baat awarded with Bronz prize under special column (Language) category, Navnirman News letter awarded with Bronz prize under new publication category and your Banks website got Silver prize under the website category by ABCI. The Town Official Language Implementation Committees functioning at Jaipur & Baroda under the convernorship of your Bank discharged their responsibilities excellently. During the year, three newly constituted Town Official Language Implementation Committees started functioning at Surat, Rajkot & Jodhpur under your Banks Convenorship and now the Bank is the Convener of a total of five Town Official Language Implementation Committees. Your Bank recruited 28 new specialist Hindi Officers at Regional Offices for effective Implementation of Official Language Policy of Government of India. The Third Sub-Committee of Parliament on Official Language visited your Banks Manali Branch and appreciated the efforts undertaken by the Bank in the area of Official Language Implementation.
Shri Rajib Sekhar Sahoo was elected as a Director by shareholders of the Bank other than the Central Government u/s 9 ((3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of three years from 24.12.2011 to 23.12.2014. Shri R. Gandhi, who was nominated as a Director w.e.f. 30.07.2010 by the Central Government u/s 9 (3) (c) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, to hold the post until further orders, ceased to be a Director w.e.f. 30.05.2011 upon nomination of Shri Sudarshan Sen in his place. Dr. Dharmendra Bhandari, elected as a Director by shareholders of the Bank other than the Central Government u/s 9 ((3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years from 24.12.2008 to 23.12.2011, ceased to be a Director w.e.f 24.12.2011 on completion of his tenure. Dr. Deepak B. Phatak elected as a Director by shareholders of the Bank other than the Central Government u/s 9 ((3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years from 24.12.2008 to 23.12.2011, ceased to be Director w.e.f. 24.12.2011 on completion of his tenure.
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Acknowledgement
The Directors express their sincere thanks to the Government of India, Reserve Bank of India, Securities and Exchange Board of India, other regulatory authorities, various financial institutions, banks and correspondents in India and abroad for their valuable guidance and support. The Directors acknowledge with appreciation the assistance and cooperation extended by all stakeholders of your Bank like customers, shareholders and well wishers in India and abroad. The Directors place on record deep appreciation for the hard work and dedication of the members of your Banks staff at different levels, which enabled your Bank to record high quality, consistent growth year after year despite economic challenges and consolidate its position as one of the premier banks in the country. For and on behalf of the Board of Directors,
The applicable accounting standards have been followed along with proper explanation relating to material departures, if any; The accounting policies framed in accordance with the guidelines of the RBI, were consistently applied. Reasonable and prudent judgment and estimates were made so as to give true and fair view of the state of affairs of your Bank at the end of financial year and of the profit of your Bank for the year ended on March 31, 2012; Proper and sufficient care was taken for the maintenance of adequate accounting records in accordance with the provisions of the applicable laws governing Banks in India; and The accounts have been prepared on a going concern basis.
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Appointed as the Chairman and Managing Director of the Bank w.e.f. 07.05.2008 by the Central Government u/s 9 (3) (a) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the office till 30.11.2012 i.e. his date of superannuation or until further orders, whichever is earlier. He is also Director on the Board of : (i) Export Import Bank of India (ii) Agricultural Finance Corpn. Ltd. (iii) Baroda Pioneer Asset Management Co. Ltd. (iv) IndiaFirst Life Insurance Co. Ltd. (Chairman) (v) BOBCARDS Ltd. (vi) Bank of Baroda (Botswana) Ltd. (vii) Bank of Baroda (New Zealand) Ltd.(Chairman) (viii) Bank of Baroda (Uganda) Ltd. (ix) India International Bank (Malaysia) BHD (w.e.f. 09.11.2011). (x) The New India Assurance Co. Ltd. He is also a member of the Audit Committee and Management Committee of the Board, Remuneration Committee of Export-Import Bank of India. He is also a member of Audit Committee, Investment Committee and Remuneration Committee of The New India Assurance Co. Ltd. He is also a member of the Governing Council of : (i) National Institute of Bank Management (NIBM) (ii) Institute of Banking Personnel Selection (IBPS) (iii) Indian Institute of Banking & Finance (iv) SEBI Member Secondary Market (SMAC) Others: (i) I n d i a n B a n k s A s s o c i a t i o n ( I B A ) Chairman (ii) Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) - Member Board of Trustees.
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membership ship held in other Chairmanship held in Sub Companies i.e. in Sub Committees of the Board in Committees Other than the other Companies of the Bank Bank 6 4
efHHeefCeeeb (yeQke SJeb Deve kebHeefveeeW, efpeveceW Jes meome nQ, ceW efveegefkele kee mJeHe (31.03.2012 kees)
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(S) kes lenle kesv mejkeej eje 06.11.2008 mes HetCe&keeefueke efveosMeke (keee&keejer efveosMeke kes He ceW veeefcele) kes He ceW efveege. Jes 31.10.2012 leke DeLee&le Deheveer DeefOeJee|<elee keer leejerKe leke DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, Deheves heo hej jnWies. Jes efvecveefueefKele efveosMeke ceb[ueeW ceW Yeer efveosMeke nQ(i) yeQke Dee@]He ye[ewoe (lebpeeefveee) efue. (DeOe#e) (ii) Fb[es peeeqcyeee yeQke (iii) yeQke Dee@]He ye[ewoe (kesvee) efue. (DeOe#e) (iv) Fbef[ee Hem& ueeFHe FMeeWjbme keb. efue. (v) yee@ye kewefheue ceekex efue. (DeOe#e) (vi) vesMeveue hesceW keeheexjsMeve Dee@]He Fbef[ee Jes yeQke Dee@]He ye[ewoe (lebpeeefveee) efue. keer uesKee hejer#ee meefceefle kes Yeer meome nQ. Jes Fb[es peeeqcyeee yeQke efue. keer $e+Ce meceer#ee meefceefle leLee uesKee hejer#ee meefceefle kes Yeer meome nQ. Jes Fbef[ee Hem& ueeFHe FMeeWjbme keb. efue. keer hee@efuemeer Oeejke mebj#eCe meefceefle kes DeOe#e nQ.
Appointed as a Whole Time Director (designated as Executive Director) w.e.f. 06.11.2008 by the Central Government u/s 9 (3) (a) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, to hold office up to 31.10.2012 i.e. the date of his superannuation or until further orders, whichever is earlier. He is also a Director on the Board of : (i) Bank of Baroda (Tanzania) Ltd.(Chairman) (ii) Indo Zambia Bank Ltd. (iii) Bank of Baroda (Kenya) Ltd. (Chairman) (iv) IndiaFirst Life Insurance Co. Ltd. (v) BOB Capital Markets Ltd. (Chairman) (vi) National Payments Corporation of India. He is also member of Audit Committee of Bank of Baroda (Tanzania) Ltd. He is also a member of Loan Review Committee and Audit Committee of Indo Zambia Bank Ltd. He is Chairman of Policy Holders protection Committee of IndiaFirst Life Insurance Co. Ltd. 3
eer Sve.Sme.eerveeLe
Shri N. S. Srinath
NIL
Metve
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(S) kes lenle kesv mejkeej eje 07.12.2009 mes hetCe&keeefueke efveosMeke (keee&keejer efveosMeke) kes he ceW efveege. Jes 31.05.2012 leke DeLee&le Deheveer DeefOeJee|<elee keer Deeeg heehle kejves kes ceen keer Debeflece leejerKe leke DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, Deheves heo hej jnWies. Jes efvecveefueefKele efveosMeke ceb[ueeW ceW Yeer efveosMeke nQ (i) yeQke Dee@]He ye[ewoe (ef$eefveoeo SJeb esyeeiees) efue. (DeOe#e) (ii) yeQke Dee@]He ye[ewoe (Ieevee) efue. (DeOe#e) (iii) efJeeere Deeeqmle kee heefleYetleerkejCe Deewj hegvemejevee SJeb heefleYetefle efnle kee heJele&ve DeefOeefveece 2002 (meerF&DeejSmeSDeeF&) kes lenle kesvere hebpeerkejCe
86
2011-12
ece meb.
No.
Name
veece
Position Held
Heoveece
Chairmanship held No. of equity membership ship held in other in Sub Companies i.e. in Sub Committees shares of the of the Board in Bank held as Committees Other than the other Companies Bank on 31.03.2012 of the Bank
31.3.2012 kees yeQke keer yeQke kes DeueeJee Deve Deve kebHeefveeeW kes yees[& keer yeQke Dee]@He ye[ewoe kes GHe-meefceefleeeW keer kebHeefveeeW ceW efveosMeke kes GHe -meefceefleeeW ceW meomelee/ DeOe#elee keer mebKee Oeeefjle MesejeW keer meomelee keer mebKee He ceW mesJeeSb mebKee No. of No. of Director- No. of Membership/ mebKee
efHHeefCeeeb (yeQke SJeb Deve kebHeefveeeW, efpeveceW Jes meome nQ, ceW efveegefkele kee mJeHe (31.03.2012 kees)
Jes yeQke Dee@]He ye[ewoe (ef$eefveoeo SJeb esyeeiees) efue. keer veeceebkeve meefceefle kes DeOe#e nQ. Jes yeQke Dee@]He ye[ewoe (Ieevee) efue. keer uesKee hejer#ee meefceefle kes Yeer DeOe#e nQ. Jes DeeF&yeerS keer keee|ceke meefceefle kes Yeer meome nQ.
Appointed as a Whole Time Director (designated as Executive Director) w.e.f. 07.12.2009 by the Central Government u/s 9 (3) (a) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the post up to 31.05.2012 i.e. the last day of the month in which he would attain the age of superannuation or until further orders, whichever is earlier. He is also a Director on the Board of : (i) Bank of Baroda (Trinidad & Tobago) Ltd. -Chairman (ii) Bank of Baroda (Ghana) Ltd. (Chairman) (iii) Central Registry under the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act 2002 (CERSAI) He is Chairman of Nomination Committee of Bank of Baroda (Trinidad & Tobago) Ltd. He is also member of Audit Committee of Bank of Baroda (Ghana) Ltd. He is also a Member of: (i) Personnel Committee of IBA. 4
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(yeer) kes lenle kesv mejkeej eje 09.12.2009 mes efveosMeke kes He ceW veeefcele. Jes Deeieeceer DeeosMeeW leke Deheves heo hej jnWies. Jes efvecveefueefKele efveosMeke ceb[ueeW ceW Yeer efveosMeke nQ (i) efJeeere Deeeqmle kee heefleYetleerkejCe Deewj hegvemejevee SJeb heefleYetefle efnle kee heJele&ve DeefOeefveece 2002 (meerF&DeejSmeSDeeF&) kes lenle kesvere hebpeerkejCe
Nominated as a Director w.e.f. 09.12.2009 by The Central Government u/s 9 (3) (b) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the post until further orders. He is also a Director on the Board of : (i) Central Registry under The Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act 2002 (CERSAI)
87
2011-12
ece meb.
No.
Name
veece
Position Held
Heoveece
Chairmanship held No. of equity membership ship held in other in Sub Companies i.e. in Sub Committees shares of the of the Board in Bank held as Committees Other than the other Companies Bank on 31.03.2012 of the Bank 5
31.3.2012 kees yeQke keer yeQke kes DeueeJee Deve Deve kebHeefveeeW kes yees[& keer yeQke Dee]@He ye[ewoe kes GHe-meefceefleeeW keer kebHeefveeeW ceW efveosMeke kes GHe -meefceefleeeW ceW meomelee/ DeOe#elee keer mebKee Oeeefjle MesejeW keer meomelee keer mebKee He ceW mesJeeSb mebKee No. of No. of Director- No. of Membership/ mebKee
efHHeefCeeeb (yeQke SJeb Deve kebHeefveeeW, efpeveceW Jes meome nQ, ceW efveegefkele kee mJeHe (31.03.2012 kees)
efveosMeke (iewj Metve keee&heeueke) Yeejleere NIL efj]peJe& yeQke eje mebmlegle
Director (Non Executive) Recommended by RBI
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(meer) kes lenle kesv mejkeej eje 30.05.2011 mes efveosMeke kes He ceW veeefcele. Jes Deeieeceer DeeosMeeW leke Deheves heo hej jnWies.
Nominated as a Director w.e.f. 30.05.2011 by the Central Government u/s 9 (3) (c) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the post until further orders.
eer efJeefveue kegceej mekemesvee efveosMeke (iewj Shri Vinil Kumar keee&heeueke) kece&eeefjeeW kes Saxena heefleefveefOe
Director (Non Executive) Representing Workmen
620
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(F&) kes lenle kesv mejkeej eje 25.07.2011 mes Jeke&cesve kece&eejer efveosMeke kes He ceW efveegkele. Jes leerve Je<eeX keer DeJeefOe kes efueS DeLeJee yeQke Dee@He ye[ewoe ceW Jeke&cesve kece&eejer jnves DeLeJee Deeieeceer DeeosMeeW leke, Fveces mes pees Yeer Henues nes, Deheves heo hej jnWies.
Appointed as a Workmen Employee Director w.e.f. 25.07.2011 by the Central Government u/s 9 (3) (e) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or till he ceases to be workmen employee of Bank of Baroda or until further orders, whichever is earlier.
490 efveosMeke (iewj keee&heeueke) DeefOekeejer kece&eeefjeeW kes heefleefveefOe Director (Non Executive ) Representing Officer Employees
Metve
NIL
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(SHe) kes lenle Yeejle mejkeej eje 11.03.2011 mes DeefOekeejer kece&eejer efveosMeke kes He ceW veeefcele. Jes leerve Je<eeX keer DeJeefOe kes efueS DeLeJee yeQke Dee@]He ye[ewoe ceW DeefOekeejer jnves DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, Deheves heo hej jnWies.
Nominated as Officer Employee Director w.e.f. 11.03.2011 by the Central Government u/s 9 (3) (f) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or till he ceases to be officer of Bank of Baroda or until further orders, whichever is earlier.
200
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(peer) kes lenle Yeejle mejkeej eje 05.05.2010 mes leerve Je<eeX keer DeJeefOe DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, DebMekeeefueke DeMeemekeere efveosMeke kes he ceW veeefcele. Jes peer.Sme.ceeLegj SC[ kebheveer meveoer uesKeekeej, veF& efouueer ceW heyebOe Yeeieeroej Yeer nQ.
Nominated as a part time non- official director w.e.f. 05.05.2010 by the Government of India u/s 9 (3) (g) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or until further orders, whichever is earlier. He is Managing Partner in G.S. Mathur & Co., Chartered Accountants, New Delhi.
88
2011-12
ece meb.
No.
Name
veece
Position Held
Heoveece
Chairmanship held No. of equity membership ship held in other in Sub Companies i.e. in Sub Committees shares of the of the Board in Bank held as Committees Other than the other Companies Bank on 31.03.2012 of the Bank
31.3.2012 kees yeQke keer yeQke kes DeueeJee Deve Deve kebHeefveeeW kes yees[& keer yeQke Dee]@He ye[ewoe kes GHe-meefceefleeeW keer kebHeefveeeW ceW efveosMeke kes GHe -meefceefleeeW ceW meomelee/ DeOe#elee keer mebKee Oeeefjle MesejeW keer meomelee keer mebKee He ceW mesJeeSb mebKee No. of No. of Director- No. of Membership/ mebKee
efHHeefCeeeb (yeQke SJeb Deve kebHeefveeeW, efpeveceW Jes meome nQ, ceW efveegefkele kee mJeHe (31.03.2012 kees)
Metve
NIL
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(Se) kes lenle Yeejle mejkeej eje 29.10.2009 mes otmejer yeej leerve Je<e& keer DeJeefOe kes efueS DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, DebMe keeefueke DeMeemekeere efveosMeke kes he ceW veeefcele. Jes Fmemes Henues 15.09.2005 mes 14.09.2008 leke Yeer Fmeer heo hej jner.
Nominated as a part time non- official director w.e.f. 29.10.2009 by the Government of India u/s 9 (3) (h) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a second term of three years or until further orders, whichever is earlier. She held the same position earlier also w.e.f. 15.09.2005 to 14.09.2008.
10
Metve
NIL
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(Se) Je (3-S) kes lenle Yeejle mejkeej eje 31.08.2010 mes DebMekeeefueke DeMeemekeere efveosMeke kes He ceW veeefcele. Jes leerve Je<eeX keer DeJeefOe DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, Deheves heo hej jnWies.
Nominated as a part time non- official director w.e.f. 31.08.2010 by the Government of India u/s 9 (3) (h) & (3-A) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or until further orders, whichever is earlier.
11
eer ceewefueve DejeEJeo Jew<CeJe efveosMeke (iewj keee&heeueke) kesv Shri Maulin Arvind Vaishnav mejkeej mes efYeVe MesejOeejkeeW ceW mes efveJee&efele
Director (Non Executive) Elected from amongst Shareholders, other than Central Government
125
Metve
NIL
Metve
NIL
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9 (3) (DeeF&) kes lenle 23.12.2011 kees Deeeesefpele F&peerSce ceW yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 24.12.2011 mes 23.12.2014 leke 3 Je<e& kes efueS hegve: efveJee&efele. efveJee&efele nesves mes henues 24.12.2008 mes 23.12.2011 leke Jes yeQke kes MesejOeejke efveosMeke Yeer Les.
Re-Elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. Prior to his re-election, he was also a shareholder director of the Bank from 24.12.2008 to 23.12.2011.
89
2011-12
ece meb.
No.
Name
veece
Position Held
Heoveece
Chairmanship held No. of equity membership ship held in other in Sub Companies i.e. in Sub Committees shares of the of the Board in Bank held as Committees Other than the other Companies Bank on 31.03.2012 of the Bank 12
31.3.2012 kees yeQke keer yeQke kes DeueeJee Deve Deve kebHeefveeeW kes yees[& keer yeQke Dee]@He ye[ewoe kes GHe-meefceefleeeW keer kebHeefveeeW ceW efveosMeke kes GHe -meefceefleeeW ceW meomelee/ DeOe#elee keer mebKee Oeeefjle MesejeW keer meomelee keer mebKee He ceW mesJeeSb mebKee No. of No. of Director- No. of Membership/ mebKee
efHHeefCeeeb (yeQke SJeb Deve kebHeefveeeW, efpeveceW Jes meome nQ, ceW efveegefkele kee mJeHe (31.03.2012 kees)
efveosMeke (iewj keee&heeueke) kesv mejkeej mes efYeVe MesejOeejkeeW ceW mes efveJee&efele
Director (Non Executive ) Elected from amongst Shareholders, other than Central Government
200
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9 (3) (DeeF&) kes lenle 23.12.2011 kees Deeeesefpele F&peerSce ceW yeQke kes keWv mejkeej mes efYeVe MesejOeejkeeW eje 24.12.2011 mes 23.12.2014 leke 3 Je<e& kes efueS efveJee&efele. Jes efvecveefueefKele efveosMeke ceb[ueeW ceW Yeer efveosMeke nw (i) JewYeJe pescme efue. (ii) SefMeeve nesume (Jesm) efue. (iii) SefMeeve nesume (F&m) efue. Jes JewYeJe pescme efue. keer uesKee Hejer#ee meefceefle, heeefjeefceke meefceefle, #eeflehete|le meefceefle Deewj MesejOeejkeeW/efveJesMekeeW keer efMekeeele efveJeejCe meefceefle kes Yeer meome nQ. Jes SefMeeve nesume (Jesm) efue. keer uesKee Hejer#ee meefceefle Deewj heeefjeefceke meefceefle kes Yeer meome nQ. Jes SefMeeve nesume (F&m) efue. keer uesKee Hejer#ee meefceefle Deewj heeefjeefceke meefceefle kes Yeer meome nQ. Jeefj meePesoej: ces.Sme.Yeb[ejer SC[ keb., meveoer uesKeekeej, peehegj
Elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. He is also a Director on the Board of (i) Vaibhav Gems Ltd (ii) Asian Hotels (West) Ltd. (iii) Asian Hotels (East) Ltd. He is also member of Audit Committee, Remuneration Committee, Compensation Committee and Shareholders/Investor Grievances Committee of Vaibhav Gems Ltd. He is also member of Audit Committee and Remuneration Committee of Asian Hotels (West) Ltd. He is also member of Audit Committee and Remuneration Committee of Asian Hotels (East) Ltd. Senior Partner: M/s. S. Bhandari & Co., Chartered Accountants, Jaipur.
90
2011-12
ece meb.
No.
Name
veece
Position Held
Heoveece
Chairmanship held No. of equity membership ship held in other in Sub Companies i.e. in Sub Committees shares of the of the Board in Bank held as Committees Other than the other Companies Bank on 31.03.2012 of the Bank 13
31.3.2012 kees yeQke keer yeQke kes DeueeJee Deve Deve kebHeefveeeW kes yees[& keer yeQke Dee]@He ye[ewoe kes GHe-meefceefleeeW keer kebHeefveeeW ceW efveosMeke kes GHe -meefceefleeeW ceW meomelee/ DeOe#elee keer mebKee Oeeefjle MesejeW keer meomelee keer mebKee He ceW mesJeeSb mebKee No. of No. of Director- No. of Membership/ mebKee
efHHeefCeeeb (yeQke SJeb Deve kebHeefveeeW, efpeveceW Jes meome nQ, ceW efveegefkele kee mJeHe (31.03.2012 kees)
efveosMeke (iewj keee&heeueke) kesv mejkeej mes efYeVe MesejOeejkeeW ceW mes efveJee&efele
Director ( Non Executive ) Elected from amongst Shareholders, other than Central Government
200
yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9 (3) (DeeF&) kes lenle 23.12.2011 kees Deeeesefpele F&peerSce ceW yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 24.12.2011 mes 23.12.2014 leke 3 Je<e& kes efueS efveJee&efele. Jes efvecveefueefKele efveosMeke ceb[ueeW ceW Yeer efveosMeke nQ (i) Sveerheermeer efue. (ii) efnjer nee[^es [sJeueheceW keeheexjsMeve Fbef[ee efue. (erSe[ermeer) (iii) efnvogmleeve eEpeke efue. Jes Sveerheermeer efue. keer uesKee Hejer#ee meefceefle kes Yeer meome nQ. Jes erSe[ermeer Fbef[ee efue. keer uesKee Hejer#ee meefceefle Deewj heeefjeefceke meefceefle kes Yeer meome nw. meePesoej: ces.SmeDeejyeer SC[ SmeesefmeSme, meveoer uesKeekeej, YegJevesej
Elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. He is also a Director on the Board of (i) NTPC Ltd. (ii) Tehri Hydro. Development Corporation India Ltd. (THDC) (iii) Hindustan Zinc Ltd. He is also member of Audit Committee of NTPC Ltd. He is also member of Audit Committee and Remuneration Committee of THDC India Ltd. Partner: M/s. SRB & Associates, Chartered Accountants, Bhubaneswar.
91
2011-12
2.2 Je<e& kes oewjeve efveosMekeeW keer efveegefkele / keee&meceeefHle eer megoMe&ve mesve kees yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3)(meer) kes lenle kesv mejkeej eje 30.05.2011 mes Deeieeceer DeeosMeeW leke efveosMeke kes he ceW veeefcele efkeee ieee nw.
eer efJeefveue kegceej mekemesvee kees yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9(3)(F&) kes lenle kesv mejkeej eje 25.07.2011 mes 3 Je<eeX keer DeJeefOe DeLeJee yeQke Dee@]He ye[ewoe kes Jeke&cesve kece&eejer jnves leke DeLeJee Deeieeceer DeeosMeeW leke, FveceW mes pees Yeer henues nes, Jeke&cesve kece&eejer efveosMeke kes he ceW efveegkele efkeee ieee nw. eer ceewefueve DejeEJeo Jew<CeJe kees yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (DeeF&) kes lenle yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 23.12.2011 kees Deeeesefpele F&peerSce ceW 24.12.2011 mes 23.12.2014 leke 3 Je<e& kes efueS efveosMeke kes he ceW hegve: efveJee&efele efkeee ieee nw. eer megjsv eEmen Yeb[ejer kees yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (DeeF&) kes lenle yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 23.12.2011 kees Deeeesefpele F&peerSce ceW 24.12.2011 mes 23.12.2014 leke 3 Je<e& kes efueS efveosMeke kes he ceW efveJee&efele efkeee ieee nw. eer jepeerye MesKej meent kees yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (DeeF&) kes lenle yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 23.12.2011 kees Deeeesefpele F&peerSce ceW 24.12.2011 mes 23.12.2014 leke 3 Je<e& kes efueS efveosMeke kes he ceW efveJee&efele efkeee ieee nw. eer Deej.ieebOeer, efpevnW yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (meer) kes lenle keWere mejkeej eje 30.07.2010 mes Deeieeceer DeeosMeeW leke efveosMeke kes he ceW veeefcele efkeee ieee Lee. 30.05.2011 mes yeQke kes efveosMeke veneR jns. Gvekes mLeeve hej eer megoMe&ve mesve kee veeceebkeve ngDee nw. [e@. OeceX Yeb[ejer, efpevnW yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (DeeF&) kes lenle keWere mejkeej eje yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 24.12.2008 mes 23.12.2011 leke 3 Je<e& keer DeJeefOe kes efueS efveosMeke kes he ceW eeefvele efkeee ieee Lee, Dehevee keee&keeue hetje kejves kes yeeo 24.12.2011 mes yeQke kes efveosMeke veneR jns nQ. [e@. oerheke yeer. Heeke, efpevnW yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece 1970 keer Oeeje 9 (3) (DeeF&) kes lenle yeQke kes kesv mejkeej mes efYeVe MesejOeejkeeW eje 24.12.2008 mes 23.12.2011 leke 3 Je<e& keer DeJeefOe kes efueS efveosMeke kes he ceW eeefvele efkeee ieee Lee. Dehevee keee&keeue hetje kejves kes yeeo 24.12.2011 mes yeQke kes efveosMeke veneR jns nQ.
2.2 Appointment / Cessation of Directors During The Year Shri Sudarshan Sen was nominated as a Director w.e.f. 30.05.2011 by the Central Government u/s 9 (3) (c) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the post until further orders. Shri Vinil Kumar Saxena was appointed as a Workmen Employee Director w.e.f. 25.07.2011 by the Central Government u/s 9 (3) (e) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or till he ceases to be workmen employee of Bank of Baroda or until further orders, whichever is earlier. Shri Maulin Arvind Vaishnav was re-elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. Shri Surendra Singh Bhandari was elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. Shri Rajib Sekhar Sahoo was elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. Shri R. Gandhi, who was nominated as a director w.e.f. 30.07.2010 by the Central Government u/s 9 (3) (c) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, to hold the post until further orders, ceased to be a Director w.e.f. 30.05.2011 upon nomination of Shri Sudarshan Sen, in his place. Dr. Dharmendra Bhandari, elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of 3 years from 24.12.2008 to 23.12.2011, ceased to be a Director w.e.f 24.12.2011 on completion of his tenure. Dr. Deepak B. Phatak elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of 3 years from 24.12.2008 to 23.12.2011, ceased to be Director w.e.f. 24.12.2011 on completion of his tenure. 2.3 Board Meetings During the Financial Year 2011-12, total -17 - Board Meetings were held on the following dates as against minimum of -6- meetings prescribed under Clause 12 of The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970. 04.07.2011 21.10.2011 24.01.2012 20.07.2011 31.10.2011 25.01.2012
92
2011-12
The details of attendance of the Directors at the aforesaid Board Meetings held during their respective tenure are as under:
Period
DeJeefOe
[e@. Sce. [er. ceuee eer jepeerJe kegceej ye#eer eer Sve. Sme. eerveeLe eer Deeueeske efveiece eer megoMe&ve mesve eer efJeefveue kegceej mekemesvee eer Jeer.yeer.eJneCe eer Depee ceeLegj [e@. (eerceleer) cemej&le Meeefno eer mele osJe ef$ehee"er eer. ceewefueve DejeEJeo Jew<CeJe eer. ceewefueve DejeEJeo Jew<CeJe eer megjsv Sme. Yeb[ejer eer jepeerye Sme. meent eer Deej. ieebOeer [e@.Oecexv Yeb[ejer [e@. oerheke yeer. Heeke
Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Alok Nigam Shri Sudarshan Sen Shri Vinil Kumar Saxena Shri V. B. Chavan Shri Ajay Mathur Dr. (Smt.) Masarrat Shahid Shri Satya Dev Tripathi Shri Maulin Arvind Vaishnav Shri Maulin Arvind Vaishnav Shri Surendra S. Bhandari Shri Rajib S. Sahoo Shri R. Gandhi Dr. Dharmendra Bhandari Dr. Deepak B. Phatak
01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 30.05.2011 to 31.03.2012 25.07.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 23.12.2011 24.12.2011 to 31.03.2012 24.12.2011 to 31.03.2012 24.12.2011 to 31.03.2012 01.04.2011 to 29.05.2011 01.04.2011 to 23.12.2011 01.04.2011 to 23.12.2011 2.4 Code of Conduct:
2.4 Deeeej mebefnlee efveosMeke ceb[ue leLee Jeefj heyebOeve keee|ceke DeLee&led keesj heyebOeve erce, efpemeceW meYeer ceneheyebOeke leLee efJeYeeie hecegKe Meeefceue nQ, kes efueS meke SkemeeWpeesb kes meeLe ceW meteeryelee kejej kes KeC[ 49 keer Devegheeuevee ceW, Deeeej mebefnlee efveosMeke ceb[ue eje Devegceesefole kej oer ieF& nw. Ge Deeeej mebefnlee yeQke keer JesyemeeF www.bankofbaroda.com hej Yeer osKeer pee mekeleer nw. efveosMeke ceb[ue kes meYeer meomeeW leLee Jeefj heyebOeve keee|cekeeW ves Deeeej mebefnlee kes heefle menceefle Jee kej oer nw. 3. Jeee|<eke meeceeve yew"ke yeQke kes Mesej OeejkeeW keer Jeee|<eke meeceeve yew"ke Je[esoje ceW meesceJeej, 4 pegueeF&, 2011 kees ngF& Leer, efpemeceW efvecveefueefKele efveosMeke GheeqmLele Les.
eer Sce.[er.ceuee eer jepeerJe kegceej ye#eer eer Sve.Sme. eerveeLe eer megoMe&ve mesve eer Jeer.yeer.eJneCe eer Depee ceeLegj eer mele osJe ef$ehee"er [e@.oerheke yeer. Heeke eer ceewefueve DejeEJeo Jew<CeJe
Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Sudarshan Sen Shri V B Chavan Shri Ajay Mathur Shri Satya Dev Tripathi Dr. Deepak B. Phatak Shri Maulin Arvind Vaishnav
The Code of Conduct for Board of Directors and Senior Management Personnel i.e. Core Management Team comprising all General Managers and Departmental Heads, has been approved by the Board of Directors in compliance of Clause 49 of the Listing Agreement with Stock Exchanges. The said Code of Conduct is posted on Banks website www.bankofbaroda.com. All the Board Members and Senior Management Personnel have since affirmed the compliance of the Code. 3 Annual General Meeting The Annual General Meeting of the shareholders of the Bank was held on Monday, 4th July, 2011 at Vadodara, where the following Directors were present. DeOe#e SJeb eyebOe efveosMeke keee&keejer efveosMeke keee&keejer efveosMeke efveosMeke efveosMeke efveosMeke (DeOe#e Smeeryeer) Chairman and Managing Director Executive Director Executive Director Director Director Director (Chairman ACB) Director
1 2 3 4 5 6 7 8 9
efveosMeke
efveosMeke Mesej OeejkeeW kes heefleefveefOe Director - Representing Shareholders efveosMeke Mesej OeejkeeW kes heefleefveefOe Director - Representing Shareholders
93
2011-12
efveosMekeeW/keee&heeuekeeW keer meefceefle yeQke kes efveosMeke ceb[ue ves keeheexjs ieJeveXme leLee peesefKece heyebOeve heCeeueer hej Yeejleere efj]peJe& yeQke /mesyeer/Yeejle mejkeej kes efoMee-efveoxMeevegmeej efvecveevegmeej keee&veerefle kes cenlJehetCe& #es$eeW hej efveiejeveer jKeves nsleg efveosMekeeW Deewj/ee keee&heeuekeeW keer efJeefYeVe meefceefleeeW kee ie"ve efkeee nw. efveosMeke ceb[ue eje ieef"le cenlJehetCe& meefceefleeeb efvecveevegmeej nQl efveosMeke ceb[ue keer heyebOeve meefceefle (Scemeeryeer) l efveosMeke ceb[ue keer $e+Ce Devegceesove meefceefle (meerSmeeryeer) l yees[& keer uesKee hejer#ee meefceefle (Smeeryeer ) l MesejOeejkeeW /efveJesMekeeW keer efMekeeele efveJeejCe meefceefle (meerSmeeryeer) l Mesej DeblejCe meefceefle l yees[& keer Deeeqmle oselee heyebOeve SJeb peesefKece heyebOeve Ghe meefceefle l ieenke mesJee meefceefle l heeefjeeefceke meefceefle l veeceebkeve meefceefle l efveosMekeeW keer meefceefle l ye[er jeefMe keer OeesKeeOe[er mebyebOeer meefceefle l efveosMeke ceb[ue keer metevee heeweesefiekeer keee&veerefle meefceefle l efveosMeke ceb[ue keer ceeveJe mebmeeOeve mebyebOeer mebeeueve meefceefle
4.
COMMittEE / SUB-COMMittEE OF DiRECtORS / EXECUtiVES The Board of Directors of the Bank has constituted various Committees of Directors and / or Executives to look into different areas of strategic importance in terms of Reserve Bank of India/SEBI/Government of India guidelines on Corporate Governance and Risk Management. The important Committees are as under:
l l l l l l
Management Committee of the Board (MCB) Credit Approval Committee of the Board (CACB) Audit Committee of the Board ( ACB ) Shareholders / Investors Grievances Committee Share Transfer Committee Sub committee of the Board on ALM & Risk Management Customer Service Committee Remuneration Committee Nomination Committee Committee of Directors Committee on High Value Frauds IT Strategy Committee of the Board Steering Committee of the Board on HR
l l l l l l l
4.1
Management Committee of the Board (MCB) In pursuance of Clause 13 of The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 (as amended) read with the amendments made by the Ministry of Finance, Government of India, a Management Committee of the Board has been constituted to consider various business matters of material significance like sanction of high value credit proposals, compromise / write-off proposals, sanction of capital and revenue expenditure, premises, investments, donations etc. The Committee consists of Chairman and Managing Director, Executive Director (s) and Directors nominated by Government of India under Section 9 (3) (c) and 9 (3) (g) and three Directors from amongst those appointed under sub section (e) (f) (h) and (i) of section 9(3) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. The composition of the Committee as on 31st March 2012 is as under: (i) Shri M. D. Mallya
(iii) eer Sve. Sme. eerveeLe (iv) eer megoMe&ve mesve (v)
(ii) Shri Rajiv Kumar Bakshi (iii) Shri N. S. Srinath (iv) Shri Sudarshan Sen (v) Shri Ajay Mathur (vi) Shri Vinil Kumar Saxena (vii) Dr. (Smt.) Masarrat Shahid (viii) Shri Rajib Sekhar Sahoo
(vi) eer efJeefveue kegceej mekemesvee (vii) [e@ (eerceleer.) cemej&le Meeefno (viii) eer jepeerye MesKej meent
94
2011-12
During the Financial Year 2011-12, the Management Committee of the Board (MCB) met on - 29 - occasions on the following dates: 27.05.2011 22.08.2011 21.10.2011 29.12.2011 19.03.2012 08.06.2011 27.08.2011 31.10.2011 16.01.2012 27.03.2012 18.06.2011 06.09.2011 12.11.2011 24.01.2012
efveosMekeeW keer Gvekes keee&keeue kes oewjeve meefceefle keer Deeeesefpele Gkele yew"keeW ceW Gvekeer GHeeqmLeefle mebyebOeer efJeJejCe efvecveevegmeej nw : eqveosMeke kee veece
Name of the Director
The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under: Period
DeJeefOe
eer Sce. [er. ceuee eer jepeerJe kegceej ye#eer eer Sve. Sme. eerveeLe eer megoMe&ve mesve eer efJeefveue kegceej mekemesvee eer Jeer.yeer.eJneCe eer Depee ceeLegj [e@ (eerceleer) cemej&le Meeefno [e@ (eerceleer) cemej&le Meeefno eer meleosJe ef$ehee"er eer meleosJe ef$ehee"er eer ceewefueve DejeEJeo Jew<CeJe eer jepeerye mesKej meent eer Deej.ieebOeer [e@. Oecexv Yeb[ejer
Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Sudarshan Sen Shri Vinil Kumar Saxena Shri V. B. Chavan Shri Ajay Mathur Dr.(Smt.) Masarrat Shahid Dr.(Smt.) Masarrat Shahid Shri Satya Dev Tripathi Shri Satya Dev Tripathi Shri Maulin Arvind Vaishnav Shri Rajib Sekhar Sahoo Shri R. Gandhi Dr Dharmendra Bhandari
01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 30.05.2011 To 31.03.2012 01.11.2011 to 31.03.2012 01.05.2011 to 31.10.2011 01.04.2011 to 31.03.2012 01.04.2011 to 31.07.2011 01.12.2011 to 31.03.2012 01.04.2011 to 30.04.2011 01.08.2011 to 31.01.2012 01.06.2011 to 30.11.2011 01.02.2012 to 31.03.2012 01.04.2011 to 29.05.2011 01.04.2011 to 31.05.2011
29 29 29 25 12 15 29 8 10 2 16 15 5 4 4
29 29 29 21 12 14 26 3 9 2 14 15 3 3 --
4.2 yees[& keer uesKee hejer#ee meefceefle (meerSmeeryeer) Yeejle mejkeej keer ie]pe DeefOemetevee e.13/1/2006 efo. 5 efomebyej, 20111 keer MeleeX kes Deveghe yeQke ves 27 HejJejer, 2012 kees yees[& keer $e+Ce Devegceesove meefceefle (meerSmeeryeer) kee ie"ve efkeee nw. en meefceefle .400 kejes[ leke keer jeefMe kes $e+Ce DevegceesoveeW kes mebyebOe ceW yees[& keer MeefeeeW kee heeesie kejsieer. DeOe#e SJeb heyebOe efveosMeke kees heoe DeefOekeejeW mes DeefOeke jeefMe kes $e+Ce hemleeJeeW, efpeve hej Deye leke yees[& keer heyebOeve meefceefle eje efJeeej efkeee peelee nw, kes mebyebOe ceW Deye yees[& keer $e+Ce Devegceesove meefceefle (meerSmeeryeer) eje mJeerke=efle heoeve keer peeSieer. 31 ceee&, 2012 kees Fme meefceefle keer mebjevee Fme hekeej nw:(i) eer Sce.[er.ceuee DeOe#e SJeb heyebOe efveosMeke (iI) eer jepeerJe kegceej ye#eer keee&keejer efveosMeke
4.2 Credit Approval Committee of the Board (CACB) In terms of Government of India Gazette Notification No.13/1/2006 dated 5th December, 2011, the Bank has constituted a Credit Approval Committee of the Board (CACB) on 27th February, 2012. The Committee shall exercise the powers of the Board with regard to credit proposals upto Rs. 400 crores. The credit proposals which exceed the powers delegated to Chairman and Managing Director and which were hitherto considered by the Management Committee of the Board, will now be sanctioned by the CACB. The composition of the Committee as on 31st March, 2012 is as under: i. ii. Shri M.D. Mallya Chairman and Managing Director Shri Rajiv Kumar Bakshi Executive Director
95
2011-12
keee&keejer efveosMeke ceneheyebOeke (keeheex.Keeles, kejeOeeve SJeb cegKe efJeeere DeefOekeejer) ceneheyebOeke (peesefKece heyebOeve) $e+Ce/^spejer keeeeX mes mecye
iii. Shri N.S. Srinath Executive Director iv. Shri V.K. Gupta General Manager (Corp. A/cs, Taxation & Chief Financial Officer) v. Shri Rajesh Mahajan General Manager (Risk Management) vi. General Managers dealing with respective credit / treasury functions During the Financial Year 2011-12, the Credit Approval Committee of the Board (CACB) met two times on the following dates: 30.3.2012 Details of attendance during 19th March, 2012 to 31st March, 2012 are as under: Period
efJeeere Je<e& 2011-12 kes oewjeve yees[& keer $e+Ce Devegceesove meefceefle (meerSmeeryeer) keer efvecveefueefKele leejerKeeW Hej oes yeej yew"keW ngF19.3.2012
19 ceee&, 2012 mes 31 ceee&, 2012 kes oewjeve GheeqmLeefle Fme hekeej jner:efveosMeke / keee&Heeueke kee veece
Name of the Director / Executive
DeJeefOe
eer. Sce. [er. ceuee eer. jepeerJe kegceejer ye#eer eer. Sve. Sme. eerveeLe eer. Jeer. kes. iegHlee eer. jepesMe cenepeve eer. Sve. jceCeer eer. pes. jcesMe eer. efJe. Se. Lees eer. Deej. Sme. mesefleee
Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri V. K. Gupta Shri Rajesh Mahajan Shri N. Ramani Shri J. Ramesh Shri V. H. Thatte Shri R. S. Setia
27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012 27.02.2012 To 31.03.2012
4.3 Audit Committee of the Board (ACB) The Bank, in consonance with the fundamentals of Corporate Governance and in pursuance of directives of the Reserve Bank of India, has constituted an Audit Committee of the Board comprising of Six Directors. A Non-Executive Director, who is a Chartered Accountant, is the Chairman of the Committee. The composition of the Committee as on 31st March, 2012 is as under: (i) Shri Ajay Mathur Chairman of the Committee Member Member Member Member Member
eer Depee ceeLegj eer Sve.Sme.eerveeLe eer Deeueeske efveiece eer megoMe&ve mesve eer ceewefueve DejeEJeo Jew<CeJe
(ii) Shri Rajiv Kumar Bakshi (iii) Shri N. S. Srinath (iv) Shri Alok Nigam (v) Shri Sudarsan Sen (vi) Shri Maulin Arvind Vaishnav
30.05.2011 mes eer Deej.ieebOeer, efveosMeke Smeeryeer kes meome veneR jns.
96
2011-12
During the Financial Year 2011-12, the Audit Committee of the Board (ACB) met on - 11 - occasions on the dates given below: 27.07.2011 13.03.2012 29.09.2011 19.03.2012 11.10.2011
efveosMekeeW keer Gvekes keee&keeue kes oewjeve meefceefle keer Deeeesefpele Ge yew"keeW ceW GheeqmLeefle mebyebOeer efJeJejCe efvecveevegmeej nQ: efveosMeke kee veece
Name of the Director
The details of attendance of the Directors at the Meetings of the Committee held during their respective tenure are as under: Period
DeJeefOe
eer Depee ceeLegj eer jepeerJe kegceej ye#eer eer Sve.Sme.eerveeLe eer Deeueeske efveiece eer megoMe&ve mesve eer ceewefueve DejeEJeo Jew<CeJe eer ceewefueve DejeEJeo Jew<CeJe eer Deej.ieebOeer
Shri Ajay Mathur Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Alok Nigam Shri Sudarshan Sen Shri Maulin Arvind Vaishnav Shri Maulin Arvind Vaishnav Shri R. Gandhi
01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 30.05.2011 to 31.03.2012 01.04.2011 to 23.12.2011 01.01.2012 to 31.03.2012 01.04.2011 to 29.05.2011
uesKee hejer#ee meefceefle kee, Deve yeeleeW kes meeLe-meeLe, hecegKe keee& yeQke keer efJeeere metevee heCeeueer keer meceer#ee Deewj Deekeueve kejvee nw leeefke en megefveeqele nes mekes efke efJeeere efJeJejefCeeeb mener, Gheege Deewj efJeemeveere nQ. en meefceefle yees[& kees hemlegle kejves mes henues efleceener /Jeee|<eke efJeeere efJeJejefCeeeW keer meceer#ee Deewj heyebOeve kees lelmebyebOeer mebmlegefle kejleer nw. en uesKee hejer#ee meefceefle efoMee-efveoxMe osleer nw leLee yeQke kes meceie uesKee hejer#ee keeeeX keer meceer#ee kejleer nw efpemeceW mebie"ve heefjeeueve leLee Deebleefjke uesKee hejer#ee keer iegCeJeee efveeb$eCe, keee& Deebleefjke efveeb$eCe keefceeeb Deewj yeQke keer Deebleefjke efvejer#eCe JeJemLee, yeQke keer meebefJeefOeke /yeee uesKee hejer#ee mebyebOeer DevegJeleea keej&JeeF& leLee Yeejleere efj]peJe& yeQke kes efvejer#eCe Meeefceue nQ. meefceefle Deebleefjke efveeb$eCe heCeeueer, Deebleefjke uesKee hejer#ee efJeYeeie keer mebjevee, Fmekeer meHe mebjevee keer meceer#ee Yeer kejleer nw Deewj efkemeer cenlJehetCe& Keespe kes mebyebOe ceW Deebleefjke uesKee hejer#ekeeW / efvejer#ekeeW kes meeLe efJeeej-efJeceMe& leLee Gme hej DevegJeleea keej&JeeF& kejleer nw. en yeQke keer efJeeere Je peesefKece heyebOeve veerefleeeW keer meceer#ee Yeer kejleer nw. meebefJeefOeke uesKee hejer#ee kes meboYe& ceW uesKee hejer#ee meefceefle, Jeee|<eke /efleceener efJeeere KeeleeW SJeb efjheeseX kees Debeflece he osves mes hetJe& keWere meebefJeefOeke uesKee hejer#ekeeW kes meeLe efJeeej-efJeceMe& kejleer nw. en meefceefle ueebie Heece& Dee@ef[ efjhees& (SueF&SDeej) keer efJeefYeVe ceoeW hej DevegJeleea keej&JeeF& Yeer kejleer nw.
The main functions of Audit Committee, inter-alia, include assessing and reviewing the financial reporting system of the Bank to ensure that the financial statements are correct, sufficient and credible. It reviews and recommends to the Management the quarterly / annual financial statements before their submission to the Board. The Audit Committee provides directions and oversees the operations of total audit functions of the Bank including the organization, operation and quality control of internal audit, internal control weaknesses and inspection within the Bank and follow-up of the suggestions of Statutory/External audit of the Bank and RBI inspections. The Committee also reviews the adequacy of internal control systems, structure of internal audit department, its staffing pattern and hold discussions with the internal auditors / inspectors on any significant finding and follow-up action thereon. It further reviews the financial and risk management policies of the Bank. As for Statutory Audit, the Audit Committee interacts with the Statutory Central Auditors before finalization of Quarterly / Year to date / Annual Financial Results and Reports. It also maintains follow up on various issues raised in the Long Form Audit Report (LFAR). 4.4 Shareholders / Investors Grievances Committee The Shareholders / Investors Grievances Committee has been constituted by the Bank to redress shareholders
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and investors complaints, if any. The Committee includes following members: (i) (ii) Executive Director (s) and Three Non-Executive Directors as its members with a Non-Executive Director as its Chairman.
keee&keejer efveosMeke ieCe SJeb leerve Deve iewj keee&keejer efveosMeke Fmekes meome Deewj Ske iewjkeee&keejer efveosMeke Fmekes DeOe#e nQ.
eer megjW eEmen Yeb[ejer eer jepeerJe kegceej ye#eer eer Sve.Sme.eerveeLe eer mele osJe ef$ehee"er eer jepeerye mesKej meent
(i)
Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Satya Dev Tripathi Shri Rajib Sekhar Sahoo
efJeeere Je<e& 2011-12 kes oewjeve meefceefle keer efvecveefueefKele leejerKeeW hej 04 yew"keW Deeeesefpele keer ieF&:
27.05.2011 27.08.2011
The Committee met - 4 - times during the Financial Year 2011-12 on the following dates. 22.12.2011 09.02.2012
meefceefle keer Ghejese yew"keeW ceW efveosMekeeW keer Gvekes keee&keeue kes oewjeve GheeqmLeefle kee efJeJejCe Fme hekeej nwefveosMeke kee veece
Name of the Director
The details of attendance of the Directors at the aforesaid Meetings of the Committee held during their respective tenure are as under: Period
DeJeefOe
eer ceewefueve S. Jew<CeJe meefceefle kes DeOe#e eer jepeerJe kegceej ye#eer eer Sve. Sme. eerveeLe eer mele osJe ef$ehee"er eer megjW eEmen Yeb[ejer meefceefle kes DeOe#e eer jepeerye mesKej meent [e@ Oecexv Yeb[ejer eer oerheke yeer.Heeke
Shri Maulin Arvind Vaishnav 01.04.2011 to 23.12.2011 Chairman of the Committee Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Satya Dev Tripathi 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012
Shri Surendra Singh Bhandari 24.01.2012 to 31.03.2012 Chairman of the Committee Shri Rajib Sekhar Sahoo Dr Dharmendra Bhandari Dr. Deepak B. Phatak 24.01.2012 to 31.03.2012 01.04.2011 to 23.12.2011 01.04.2011 to 23.12.2011
meefceefle Fme DeeMee keer cee@efveeEjie kejleer nw efke DeblejCe, Ghe efJeYeepeve, meceskeve, veJeerkejCe, efJeefvecee DeLeJee ceebie/ Deeyebve jeefMe kes hejebkeve keer hemlegefle-leejerKe mes Ske ceen kes Yeerlej meYeer heceeCe-he$e peejer kej efoS peeSb. meefceefle efveJesMekeeW keer efMekeeeleeW kes efveJeejCe kes efueS meceeye he mes efveiejeveer Yeer kejleer nw. Je<e& kes oewjeve heehle SJeb efveJeejCe keer ieF& efMekeeeleeW /efveJesoveeW keer mebKee kee meejebMe veeres efoee ieee nwPending as on 01.04.2011 28
The Committee monitors the issuance of share certificates within a period of one month of the date of lodgment for transfer, sub-division, consolidation, renewal, exchange or endorsement of calls / allotment money. The Committee further monitors the redressal of investors complaints in a time bound manner. The summary of number of requests/complaints received and resolved during the year are as under: Resolved during the year 8426
Pending as on 31.03.2012 32
Je<e& kes oewjeve yekeeee meYeer DeeJesove [ghueerkes Mesej mee|efHekes peejer kejves mes mebyebefOele DevegjesOe he$e Les leLee Fvekes mebyebOe ceW Dehesef#ele DeewheeeefjkeleeSb heefeee
All the pending cases as at the end of the year were pertaining to the request for issue of duplicate share certificates, in respect
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2011-12
of which the necessary formalities were in process. Shri Vinay A. Shah, Assistant General Manager & Company Secretary has been designated as the Compliance Officer of the Bank under Clause 47 (a) of the Listing Agreement with Stock Exchanges. 4.5 Share/Bond Transfer Committee Besides the Shareholders / Investors Grievances Committee, the Bank has constituted a Share Transfer Committee comprising of Chairman and Managing Director, Executive Directors, -2- General Managers and Deputy/Assistant General Manager (Legal) as members. The Committee meets at least once in 15 days to effect transfer of Shares / Bonds. The Committee met on -56occasions during the Financial Year 2011-12, on the following dates: 20.04.2011 21.05.2011 01.07.2011 11.08.2011 23.09.2011 04.11.2011 14.12.2011 23.01.2012 01.03.2012 25.04.2011 27.05.2011 08.07.2011 18.08.2011 30.09.2011 11.11.2011 24.12.2011 03.02.2012 06.03.2012 29.04.2011 07.06.2011 12.07.2011 26.08.2011 03.10.2011 11.11.2011 27.12.2011 04.02.2012 09.03.2012
4.6 Deeeqmle oselee heyebOeve SJeb peesefKece heyebOeve hej efveosMeke ceb[ue keer Ghe meefceefle :
yeQke ves Ske efveosMeke ceb[ue mlejere peesefKece heyebOeve meefceefle kee ie"ve efkeee nw pees Deeeqmle oselee heyebOeve SJeb peesefKece heyebOeve hej efveosMeke ceb[ue keer Ghemeefceefle kes he ceW peeveer peeleer nw leLee yeQke eje hetJee&vegceeefvele mebhetCe& peesefKece keer meceer#ee SJeb cetueebkeve kejleer nw. meefceefle keer DeOe#elee DeOe#e SJeb heyebOe efveosMeke kejles nQ leLee 31 ceee&, 2012 kees meefceefle keer mebjevee Fme hekeej nw(i) (ii) (iii) (iv)
4.6 Sub Committee of the Board on ALM and Risk Management The Bank has constituted a Board level Risk Management Committee known as Sub Committee of the Board on ALM and Risk Management to review and evaluate the overall risks assumed by the Bank. The Committee is headed by Chairman and Managing Director and its composition as on 31st March, 2012 is as under: (i) (ii) (iii) (iv) Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Chairman Member Member
eer Sce.[er.ceuee eer jepeerJe kegceej ye#eer eer Sve.Sme.eerveeLe eer megjW eEmen Yeb[ejer
efJeeere Je<e& kes oewjeve meefceefle keer efvecveefueefKele leejerKeeW kees - 4 - yew"keW ngF&:
07.06.2011 27.08.2011
The Committee met - 4 - times during the Financial Year on the following dates: 14.12.2011 27.02.2012
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meefceefle keer Ghejese yew"keeW ceW efveosMekeeW keer Gvekes keee&keeue kes oewjeve GheeqmLeefle Fme hekeej jner: efveosMeke kee veece
Name of the Director
The details of attendance of the Directors at the Meetings of the Committee held during their respective tenure are as under: Period
DeJeefOe
Gvekes keee&keeue kes oewjeve yew"keW efpeveceW Deeeesefpele yew"keW Yeeie efueee
Meetings held during their tenure 4 4 4 1 3 Meetings attended 4 4 4 1 3
eer Sce.[er.ceuee eer jepeerJe kegceej ye#eer eer Sve.Sme.eerveeLe eer megjW Sme.Yeb[ejer [e@ Oecexv Yeb[ejer
Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Shri Surendra S. Bhandari Dr Dharmendra Bhandari
01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 24.01.2012 to 31.03.2012 01.04.2011 to 23.12.2011
yeQke ves efJeefYeVe peesefKeceeW eLee esef[ peesefKece, yeepeej peesefKece leLee heefjeeueveiele peesefKece kee helee ueieeves, heyebOeve, DevegheJele&ve leLee efveeb$eCe kees Oeeve ceW jKeles ngS yeQke ceW mecegefele peesefKece heyebOeve {ebee leweej efkeee nw efpemeceW peesefKece mebjeveelceke {ebee, peesefKece efmeeble, peesefKece heefeee, peesefKece efveeb$eCe leLee peesefKece uesKee hejer#ee Meeefceue nQ. Fmekee cegKe GsMe yeQke kes je^ere SJeb Debleje&^ere heefjeeueveeW kees efvejblej yesnlej SJeb keee&kegMeue yeveevee nw Deewj yeQke keer megj#ee hej Oeeve osvee nw.
The Bank has set up an appropriate risk management architecture, comprising Risk Management Organizational Structure, Risk Principles, Risk Processes, Risk Control and Risk Audit, all with a view to ideally identify, manage, monitor and control various categories of risks, viz. Credit Risk, Market Risk and Operational Risk, etc. The underlying objective is to ensure continued stability and efficiency in the operations of the Bank, nationally and internationally and to look after the safety of the Bank. 4.7 Customer Service Committees (a) Customer Service Committee of the Board The Bank has constituted a sub-committee of Board known as Customer Service Committee. The Committee has the following members as on 31st March 2012:(i) (ii) Shri M. D. Mallya Shri Rajiv Kumar Bakshi Chairman & Managing Director Executive Director Executive Director Director Director
DeOe#e SJeb heyebOe efveosMeke keee&keejer efveosMeke keee&keejer efveosMeke efveosMeke efveosMeke
(iii) Shri N. S. Srinath (iv) Dr. (Smt.) Masarrat Shahid (v) Shri Maulin Arvind Vaishnav
meefceefle kes keeeeX ceW ieenke mesJeeDeeW keer iegCeJeee kees yesnlej yeveeves kes efueS megPeeJe leLee veJeesvces<eer GheeeeW kes efueS huesHeece& kee me=peve kejvee leLee meYeer mebJeie& kes ieenkeeW kes efueS meblegeq kes mlej ceW megOeej kejvee Meeefceue nw efpemeceW Deve yeeleeW kes meeLe-meeLe efvecveefueefKele kee meceeJesMe nw:
i.
The functions of the Committee include creating a platform for making suggestions and innovative measures for enhancing the quality of customer services and improving the level of satisfaction for all categories of clientele at all times, which inter-alia comprises the following: i. Oversee the functioning of the Standing Committee on Procedure and Performance Audit on Public Services and also compliance with the recommendation of the Standing Committee on Customer Services. Review the status of the Awards remaining unimplemented for more than 3 months from the date of Awards and also deficiencies in providing Banking services as observed by the Banking Ombudsman. Review the status of the number of deceased claims
meeJe&peefveke mesJeeDeeW keer heefeee SJeb keee&efve<heeove uesKee hejer#ee mebyebOeer mLeeeer meefceefle kes keeeeX keer osKejsKe kejvee leLee ieenke mesJeeDeeW keer mLeeeer meefceefle keer efmeHeeefjMeeW kes Devegheeueve kees megefveeqele kejvee. DeefOeefveCe&e keer leejerKe mes leerve cenerves mes DeefOeke DeJeefOe yeerle peeves hej Yeer ueeiet ve efkeS ieS yekeeee DeefOeefveCe&eeW leLee yeQeEkeie ueeskeheeue eje yeQeEkeie mesJeeSb heoeve kejves ceW heeF& ieF& keefceeeW keer eqmLeefle keer meceer#ee kejvee. ce=le peceekelee&DeeW /uee@kej efkejeesoejeW /megjef#ele DeefYej#ee ceW jKeer ieF& JemlegDeeW kes peceekelee&DeeW mes mebyebefOele efveheeve nsleg 15 efoveeW keer DeJeefOe mes
ii.
ii.
iii.
iii.
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remaining pending / outstanding for settlement beyond 15 days pertaining to deceased depositors / locker hirers / depositor of safe custody articles. During the Financial Year 2011-12, the Committee met -4- times on the following dates:05.12.2011 09.02.2012
efveosMekeeW keer GheeqmLeefle kee efJeJejCe Fme hekeej nw: efveosMeke kee veece
Name of the Director
DeJeefOe
eer Sce.[er.ceuee eer jepeerJe kegceej ye#eer eer Sve.Sme.eerveeLe [e@. (eerceleer.) cemej&le Meeefno eer ceewefueve DejeEJeo Jew<CeJe
Shri M. D. Mallya Shri Rajiv Kumar Bakshi Shri N. S. Srinath Dr. (Smt.) Masarrat Shahid Shri Maulin Arvind Vaishnav
01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012 01.04.2011 to 31.03.2012
(Ke) ieenke mesJee mebyebOeer mLeeeer meefceefle Yeejleere efj]peJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej, yeQke kes efveosMekeeW keer ieef"le Ghemeefceefle kes Deefleefje yeQke ves ieenke mesJeeDeeW hej heefeeeDeeW leLee keee&efve<heeove uesKeehejer#ee hej Ske mLeeeer meefceefle kee Yeer ie"ve efkeee nw efpemeceW yeQke kes oesveeW keee&keejer efveosMeke, 4 ceneheyebOeke leLee 3 Deve heefleeqle meeJe&peefveke Jeefe meome kes he ceW Meeefceue nQ. Fme meefceefle kee ie"ve efJeMes<e he mes pevemeeceeve kees GheueyOe yeQeEkeie megefJeOeeDeeW hej Oeeve keWefle kejves leLee (i) mesJee kes ceewpetoe mlej kes yeWeceeke&, (ii) DeeJeefOeke heieefle keer meceer#ee, (iii) meceeyelee SJeb iegCeJeee kees ye{eves, (iv) heeweesefiekeer GVeeve kes cesve]pej heefeee kees egefemebiele yeveeves, leLee (v) heefjJee|lele heefjeqmLeefleeeW kes Deveghe mecegefele heeslmeenve nsleg megPeeJe osves keer DeeJeMekelee hej Oeeve osves nsleg efkeee ieee nw.
(b) Standing Committee on Customer Service Besides, the Sub-Committee of the Board as aforesaid, the Bank has also set up a Standing Committee on Procedures and Performance Audit on Customer Services having three other eminent public personalities as members alongwith both the Executive Directors and four General Managers of the Bank, as per the guidelines of Reserve Bank of India. This Committee has been set up to focus on the banking services available to the public at large and focusing on the need to (i) benchmark the current level of service, (ii) review the progress periodically, (iii) enhance the timelines and quality, (iv) rationalize the processes taking into account technological developments, and (v) suggest appropriate initiatives to facilitate change on an ongoing basis. 4.8 Remuneration Committee Government of India announced Performance Linked Incentives for Whole Time Directors of Public Sector Banks vide Notification No.F No.20/1/2005-BO.I dated 9th March, 2007. The incentive is based on certain qualitative as well as quantitative parameters fixed for Performance Evaluation Matrix on the basis of the statement of intent on goals and benchmarks based on various compliance reports during the previous financial year. In compliance of the said directives, a Remuneration Committee of the Board was constituted for evaluation of the performance and incentive amount to be awarded/ paid during the year. The composition of the Committee as on 31 st March 2012 is as under (i) Shri Alok Nigam (ii) Shri Sudarshan Sen (iii) Shri Ajay Mathur (iv) Shri Surendra S. Bhandari
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2011-12
efJeeere Je<e& 2011-12 kes oewjeve meefceefle keer 28 Dehewue, 2011 kees Ske yew"ke ngF& efpemeceW meYeer meome GheeqmLele Les. Thej GequueefKele DeefOemetevee keer MeleeX kes Deveghe meefceefle ves veeres efoS ieS efJeJejCe kes Devegmeej efvecveefueefKele hetCe& keeefueke efveosMekeeW kees heeslmeenve jeefMe kes Yegieleeve kejves kee efveCe&e efueee.
Sr. No
During the Financial Year 2011-12, the Committee met once on 28th April, 2011 wherein all members were present. In terms of the aforesaid notification, the Committee decided to pay incentives to the following Whole-time Directors as per details given below:
e. meb
veece / Name
heo / Designation
eer Sce.[er.ceuee
Shri M. D. Mallya
Executive Director 4.9 Nomination Committee Reserve Bank of India has laid down "Fit and Proper" criteria to be fulfilled by persons to be elected as directors on the Boards of the Nationalized Banks under the provisions of Section 9(3)(i) of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/80. In terms of the guidelines issued by Reserve Bank of India, a Nomination Committee is required to be constituted consisting of a minimum of three directors (all independent/ non executive directors) from amongst the Board of Directors. In compliance of the said directives, a Nomination Committee has been constituted. The composition of the Committee as on 31st March, 2012 is as under: (i) (ii) Shri Alok Nigam (term ended on 18.03.12 & renominated w.e.f.13.04.12) Shri Ajay Mathur
(ii) eer Depee ceeLegj (iii) eer mele osJe ef$ehee"er (iv) [e@.(eerceleer) cemej&le Meeefno ( keee&keeue 18.03.12 kees meceehle ngDee leLee 13.04.12 mes hegve: veeefcele ngF&) efJeeere Je<e& 2011-12 kes oewjeve meefceefle keer efo.27 Dehewue, 2011 leLee 12 efomebyej, 2011 kees oes yew"keW ngF&. meefceefle ves 27 Dehewue, 2011 kees Deeeesefpele yew"ke ceW lelkeeueerve MesejOeejke efveosMekeeW kes mecegefele DeLee&le "efHe SC[ hee@hej" msme keer mebJeer#ee keer. efo.12.12.2011 kees yew"ke kee Deeeespeve MesejOeejke efveosMekeeW kes egveeJe kes efueS DeYee|LeeeW kes Yeejleere efj]peJe& yeQke kes efveoxMeeW kes Deveghe mecegefele DeLee&le efHe SC[ hee@hej msme keer mebJeer#ee kejves kes GsMe mes efkeee ieee Lee. meefceefle ves Gve meYeer kees "efHe SC[ hee@hej" heeee.
(iii) Shri Satya Dev Tripathi (iv) Dr.(Smt.) Masarrat Shahid (term ended on 18.03.12 & re-nominated w.e.f.13.04.12) During the Financial Year 2011-12, the Committee met twice on 27th April, 2011 and 12th December, 2011. The Committee at its meeting held on 27th April 2011 ascertained the "Fit & Proper" status of the then Shareholder Directors. The meeting held on 12.12.2011 was convened to ascertain "Fit and Proper" status of the candidates for election of Shareholder Directors as per RBI guidelines. The Committee found all of them "Fit and Proper". 4.10 Committee of Directors A Committee of Directors consisting of Chairman and Managing Director and the nominee Directors of Government of India and Reserve Bank of India has been formed for dealing with the promotions at senior level. This Committee also deals with review of vigilance disciplinary cases and departmental enquiries.
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The composition of the Committee as on 31st March, 2012 is as under: (i) Shri M. D. Mallya (ii) Shri Alok Nigam (iii) Shri Sudarshan Sen The Committee met - 6 - times during the Financial Year 2011-12 on the following dates: 27.08.2011 12.11.2011 24.01.2012
efJeeere Je<e& 2011-12 kes oewjeve meefceefle keer efvecveefueefKele efJeJejCe Devegmeej - 6 yew"keW ngF :
06.05.2011 07.05.2011 25.07.2011
efveosMekeeW keer GheeqmLeefle mebyebOeer efJeJejCe Fme hekeej nw: meome kee veece
Name
Meetings Attended 6 4 4 2
eer Sce.[er.ceuee eer Deeueeske efveiece eer megoMe&ve mesve eer Deej. ieebOeer
Shri M. D. Mallya Shri Alok Nigam Shri Sudarshan Sen Shri R. Gandhi
As per RBI circular no.RBI/2004.15/.DBS.FGV(F) No.1004/23.04.01A/2003-04 dated 14th January, 2004 a Special Committee of the Board for monitoring high value frauds of Rs.1.00 crore and above has been formed in our Bank. The major functions of the Committee, inter-alia, include monitoring and review of all the frauds of Rs.1.00 crore and above so as to: (a) identify the systemic lacunae if any that facilitated perpetration of the fraud and put in place measures to plug the same (b) identify the reasons for delay in detection, if any, reporting to top management of the Bank and RBI (c) monitor progress of CBI/Police investigation and recovery position (d) ensure that staff accountability is examined at all levels in all the cases of frauds and staff side action, if required, is completed quickly without loss of time (e) review the efficacy of the remedial action taken to prevent recurrence of frauds, such as strengthening of internal controls and (f) put in place other measures as may be considered relevant to strengthen preventive measures against frauds. The Committee consists of -5- members of the Board of Directors: (a) Chairman and Managing Director (b) Two members from ACB and (c) Two other members from the Board excluding RBI Nominee. The composition of the Committee as on 31st March, 2012 is as under: (i) (ii) (iii) (iv) (v) Shri M. D. Mallya Shri Alok Nigam Shri Maulin Arvind Vaishnav Shri Surendra Singh Bhandari Shri Rajib Sekhar Sahoo
103
2011-12
efJeeere Je<e& 2011-12 kes oewjeve meefceefle keer 3 yew"keW Deeeesefpele keer ieF&. efJeJejCe Fme hekeej nw:
20.07.2011 22.12.2011
The Committee met -3- times during the Financial Year 2011-2012 as per the details below : 27.02.2012 The details of attendance of directors are as under:
Meetings Attended 3 1 3 1 1 1 1
eer Sce.[er.ceuee eer Deeueeske efveiece eer ceewefueve S. Jew<CeJe eer megjW Sme.Yeb[ejer eer jepeerye Sme.meent [e@ Oecex Yeb[ejer [e@. oerheke yeer. Heeke
Shri M. D. Mallya Shri Alok Nigam Shri Maulin Arvind Vaishnav Shri Surendra S. Bhandari Shri Rajib S. Sahoo Dr. Dharmendra Bhandari Dr. Deepak B. Phatak
4.12 it Strategy Committee of the Bank In accordance with the recommendations of Reserve Bank of India Working Group on Information Security, Electronic Banking, Technology Risk Management & Cyber Frauds, the Bank at its Board meeting held on 27th February, 2012, constituted an IT Strategy Committee, comprising the following members: Chairman of the Committee ii. Shri Ajay Mathur Director iii. Shri R. K. Bakshi Executive Director iv. Shri N. S. Srinath Executive Director v. Dr. Deepak B. Phatak External IT Expert vi. Shri R. Koteeswaran General Manager (IT & Projects) Convenor of the meeting. The quorum of the Committee is -3- members comprising two members from Board of Directors (one of which should be Executive Director) and external IT expert. The Committee shall oversee the functions of IT Steering committee of the Bank, besides working in partnership with other Board Committee and Senior Management to provide input, review and amend the aligned corporate and IT strategies. 4.13 Steering Committee of the Board on hR As per the recommendations of the Khandelwal Committee, Ministry of Finance, Government of India, vide its communication dated 21st October, 2011, conveyed that a Steering Committee of the Board on HR issues to be constituted with Government Director and two outstanding HR professionals, apart from Chairman and Managing Director and Executive Directors. Accordingly, the Bank at its Board meeting held on 27th February, 2012, has constituted a Steering Committee of the Board on HR to deal with the matters related to Human Resources. The Committee comprises the following members: i. Shri Rajib S. Sahoo
eer jepeerye Sme.meent eer Depee ceeLegj eer Deej.kes.ye#eer eer Sve.Sme.eerveeLe -
meefceefle kes DeOe#e efveosMeke keee&keejer efveosMeke keee&keejer efveosMeke yeee met. heew. efJeMes<e%e ceneheyebOeke (metheew SJeb heefjeespevee) yew"ke kes mebeespeke
Fme meefceefle kes mebKeelceke mJehe (keesjce) ceW 3 meome, efpeveceW 2 meome efveosMeke ceb[ue (FveceW mes Ske keee&keejer efveosMeke neWies) mes leLee Ske yeee metheew Skemehe& Meeefceue neWies. en meefceefle Deve yees[& meefceefle leLee Jeefj heyebOeve kes meeLe keee& kejles ngS yeQke keer metevee heeweesefiekeer mebeeueve meefceefle kes keeeeX keer mebJeer#ee kejsieer leeefke keeheexjs leLee metevee heeweesefiekeer veerefleeeW ceW hejmhej leeuecesue leLee leovegmeej mebJeer#ee SJeb megOeej efkeee pee mekes.
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1. 2. 3. 4. 5. 6.
eer Sce.[er.ceuee eer Deej.kes.ye#eer eer Sve.Sme.eerveeLe eer Deeueeske efveiece [e@ oerheke Heeke [e@ DeeMee Yeb[ejkej
DeOe#e SJeb heyebOe efveosMeke keee&keejer efveosMeke keee&keejer efveosMeke mejkeej eje veeefcele efveosMeke heesHesmej, DeeF&DeeF&er, cegbyeF& heesHesmej, Sce[erDeeF&, ieg[ieebJe
Chairman & Managing Director Executive Director Executive Director Government Nominee Director Professor, IIT, Mumbai Professor, MDI, Gurgaon.
5.
The remuneration including travelling and halting expenses to Non-Executive Directors which are being paid as stipulated by the Central Government in consultation with Reserve Bank of India from time to time in terms of Clause 17 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 (as amended). The Chairman and Managing Director and Executive Directors (Three whole time directors) are being paid remuneration by way of salary as per rules framed by the Government of India. The details of remuneration and Performance Linked Incentives paid to Chairman and Managing Director and Executive Director/s is detailed below: A. Salary paid during the Financial Year 201112: Amount (`)
Sr. No 1
e. meb.
heoveece / Designation DeOe#e SJeb eyebOe efveosMeke keee&keejer efveosMeke keee&keejer efveosMeke
B.
Shri M. D. Mallya 2
17,37,459.00
Executive Director
15,47,317.00
Shri N. S. Srinath
Executive Director
14,72,495.00
Ke. Je<e& 2011-12 kes efueS oewjeve keee&efve<heeove menye heeslmeenve kee Yegieleeve: e. meb.
1
Sr. No
heoveece / Designation DeOe#e SJeb eyebOe efveosMeke keee&keejer efveosMeke keee&keejer efveosMeke
Shri M. D. Mallya 2
8,00,000.00
Executive Director
6,50,000.00
Shri N. S. Srinath
Executive Director
6,50,000.00
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2011-12
Sr. No. 1 2 3 4 5 6 7 8 9 10
Je<e& 2011-12 kes oewjeve iewj-keee&keejer efveosMekeeW kees efoee ieee yew"keThe Sitting Fee paid to the Non-Executive Directors during the menYeeefielee Meguke efJeJejCe efvecveefueefKele Devegmeej nw (hetCe&keeefueke efveosMekeeWYear 2011-12 is as under: (No sitting fee is payable to whole leLee Yeejle mejkeej leLee Yeejleere efj]peJe& yeQke eje veeefcele efveosMeke keestime directors and director representing Government of India & RBI): efkemeer hekeej kee yew"ke menYeeefielee Meguke ose veneR nw) Name of the Director e. meb. efveosMeke kee veece Yegieleeve keer ieF& jeefMe (.) eer efJeefveue kegceej mekemesvee eer Jeer.yeer.eJneCe eer Depee ceeLegj [e@ (eerceleer) cemej&le Meeefno eer mele osJe ef$ehee"er eer ceewefueve DejeEJeo Jew<CeJe eer megjW eEmen Yeb[ejer eer jepeerye mesKej meent [e@ Oecexv Yeb[ejer [e@ oerheke yeer.Heeke
Shri Vinil Kumar Saxena Shri V. B. Chavan Shri Ajay Mathur Dr. (Smt.) Masarrat Shahid Shri Satya Dev Tripathi Shri Maulin Arvind Vaishnav Shri Surendra Singh Bhandari Shri Rajib Sekhar Sahoo Dr. Dharmendra Bhandari Dr. Deepak B. Phatak General Body Meetings The details of General Body Meetings held during the last three years are given below: Amount Paid in ` 1,65,000.00 1,70,000.00 2,87,500.00 1,72,500.00 1,77,500.00 2.50,000.00 60,000.00 65,000.00 62,500.00 97,500.00
6.
6. meeceeve meYee keer yew"keW meeceeve meYee keer iele leerve Je<eeX kes oewjeve Deeeesefpele yew"keeW kee efJeJejCe efvecveevegmeej nw :
yeQ"ke kee mJehe Nature of Meeting 13JeeR Jeee|<eke meeceeve yew"ke 13th Annual General Meeting
mLeeve Venue
eeespeve Purpose
hees meer.meer.cesnlee. Dee@[eresefjece, pevejue SpetkesMeve meWj, cenejepee meeepeerjeJe 2nd July, 2009 At etefveJee|meer Dee@]He ye[ewoe , Je[esoje 10.30 a.m. 390 002
Prof. C.C. Mehta Auditorium, To discuss, approve and adopt the Balance Sheet General Education Centre, of the Bank as at 31st March, 2009, Profit and Loss Maharaja Sayajirao University Account for the year ended 31st March, 2009, the of Baroda Vadodara 390 002 report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts and to declare Dividend for the year 2008 09.
yeQke kes 31 ceee&, 2009 kees meceehle DeJeefOe kes leguevehe$e, 31 ceee&, 2009 kees meceehle Je<e& kes ueeYe SJeb neefve Keeles, yeQke keeeex SJeb ieefleefJeefOeeeW hej efveosMeke ceb[ue keer efjhees& leLee leguevehe$e SJeb uesKeeW hej uesKee hejer#ekeeW keer efjhees& hej eee&, Fmekee Devegceesove SJeb mJeerkeej kejvee leLee Je<e& 2008-09 kes efueS ueeYeebMe Ieesef<ele kejvee.
hees meer.meer.cesnlee. Dee@[eresefjece, pevejue SpetkesMeve meWj, cenejepee meeepeerjeJe etefveJee|meer Dee@]He ye[ewoe , Je[esoje 390 002
Prof. C.C. Mehta Auditorium, General Education Centre, Maharaja Sayajirao University of Baroda Vadodara 390 002
yeQke kes 31 ceee&, 2010 kees meceehle DeJeefOe kes leguevehe$e, 31 ceee&, 2009 kees meceehle Je<e& kes ueeYe SJeb neefve Keeles, yeQke keeeex SJeb ieefleefJeefOeeeW hej efveosMeke ceb[ue keer efjhees& leLee leguevehe$e SJeb uesKeeW hej uesKee hejer#ekeeW keer efjhees& hej eee&, Fmekee Devegceesove SJeb mJeerkeej kejvee leLee Je<e& 2009-10 kes efueS ueeYeebMe Ieesef<ele kejvee.
To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March, 2010, Profit and Loss Account for the year ended 31st March, 2010, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors Report on the Balance Sheet and Accounts and to declare Dividend for the year 2009 10.
hees meer.meer.cesnlee. Dee@[eresefjece, pevejue SpetkesMeve meWj, cenejepee meeepeerjeJe etefveJee|meer Dee@]He ye[ewoe , Je[esoje 390 002
Prof. C.C. Mehta Auditorium, General Education Centre, Maharaja Sayajirao University of Baroda Vadodara 390 002
mesyeer (hetbpeer efveie&ce SJeb hekeerkejCe DeeJeMekelee) efJeefveeceve, 2009 kes Devegmeej DeefOeceeveer DeeOeej hej Yeejle mejkeej kees 2,72,79,579 FeqkeJeer Mesej peejer kejves Deewj Deeyebefle kejves kes efueS Mesej OeejkeeW kee Devegceesove uesvee.
To seek approval of the shareholders for issuing and alloting 2,72,79,579 equity shares to Government of India on preferential basis in terms of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.
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yeQ"ke kee mJehe efoveebke SJeb mecee Nature of Meeting Date & Time
mLeeve Venue
eeespeve Purpose
15 Jeer Jeee|<eke meeceeve 04 pegueeF&, 2011 heele: mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej yew"ke 10.30 yepes mesJee meove, yeQke Dee@]He ye[ewoe Meleeyoer Je<e& (2007-2008) er.heer-1, SHe.heer. 549/1, 15th Annual 04th July, 2011 peerFyeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, & General Meeting at 10.30 a.m Dekeese, Je[esoje 390 020
Sir Sayajirao Nagargriha, Vadodara Mahanagar Seva Sadan, Bank of Baroda Centenary Year (2007-2008) T.P.-1, F.P. 549/1, Near GEB Colony, Old Padra Road, Akota, Vadodara 390 020
yeQke kes 31 ceee&, 2011 kees meceehle DeJeefOe kes leguevehe$e, 31 ceee&, 2011 kees meceehle Je<e& kes ueeYe SJeb neefve Keeles, yeQke keeeex SJeb ieefleefJeefOeeeW hej efveosMeke ceb[ue keer efjhees& leLee leguevehe$e SJeb uesKeeW hej uesKee hejer#ekeeW keer efjhees& hej eee&, Fmekee Devegceesove SJeb mJeerkeej kejvee leLee Je<e& 2010-11 kes efueS ueeYeebMe Ieesef<ele kejvee.
To discuss, approve and adopt the Balance Sheet of the Bank as at 31st March 2011, Profit and Loss Account for the year ended 31st March 2011 the report of the Board of Directors on the working and activities of the Bank for the period covered by the accounts and the Auditors Report on the Balance Sheet and Accounts and to declare dividend for the year 2010-11.
23 ef o meb y ej, 2011 mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej heele: 10.00 yepes mesJee meove, yeQke Dee@]He ye[ewoe Meleeyoer Je<e& 23rd December, (2007-2008) er.heer-1, SHe.heer. 549/1, & 2011 at 10.00 a.m peerFyeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, Dekeese, Je[esoje 390 020
Sir Sayaji Rao Nagargriha, Vadodra Mahanagar Seva Sadan, Bank of Baroda Centenary Year (2007-2008) T.P.-1, F.P. 549/1, Near GEB Colony, Old Padra Road, Vadodara390020
mesyeer (hetbpeer efveie&ce SJeb hekeerkejCe DeeJeMekelee) efJeefveeceve, 2009 kes Devegmeej DeefOeceeveer DeeOeej hej Yeejle mejkeej kees 775 kejes[ . kes FeqkeJeer Mesej/Jeejb peejer kejves Deewj Deeyebefle kejves kes efueS MesejOeejkeeW kee Devegceesove uesvee leLee yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9 (3) (DeeF&) SJeb yeQke Dee@]He ye[ewoe meeceeve (Mesej SJeb yew"ke) efJeefveeceve, 1998 keer Devegheeuevee ceW keW mejkeej mes efYeVe MesejOeejkeeW ceW mes leerve MesejOeejke efveosMekeeW kee efveJee&eve kejvee
To seek approval of the shareholders for issuing and to allot equity shares/warrants, aggregating to Rs.775 crores to Government of India on preferential basis in terms of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009 and to elect THREE Shareholder Directors of the Bank amongst shareholders, other than the Central Government, in terms of Section 9 (3) (i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and Bank of Baroda General (Shares and Meetings) Regulations, 1998.
mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej mesJee meove, yeQke Dee@]He ye[ewoe Meleeyoer Je<e& (2007-2008) er.heer-1, SHe.heer. 549/1, peerF&yeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, Dekeese, Je[esoje 390 020
mesyeer hetbpeer efveie&ce SJeb hekeerkejCe DeeJeMekelee efJeefveeceve, 2009 kes Devegmeej DeefOeceeveer DeeOeej hej Yeejleere peerJeve yeercee efveiece kees leLee/ DeLeJee Yeejleere peerJeve yeercee efveiece keer efJeefYeVe eespeveeDeeW /cegegDeue Heb[eW kes efueS 1,95,77,304 FeqkeJeer Mesej peejer kejves Deewj Deeyebefle kejves kes efueS MesejOeejkeeW kee Devegceesove heehle kejvee.
Sir Sayaji Rao Nagargriha, Vadodra Mahanagar Seva Sadan, Bank of Baroda Centenary Year (2007-2008) T.P.-1, F.P. 549/1, Near GEB Colony, Old Padra Road, Vadodara390020
To seek approval of the shareholders for issuing and to allot upto 1,95,77,304 equity shares to Life Insurance Corporation of India and/or various Schemes of Life Insurance Corporation of India (LIC)/ Mutual Funds on preferential basis in terms of SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009.
7.
HekeerkejCe (ke) mebyeb heeea mebJeJenejeW kee hekeerkejCe KeeleeW hej efhheefCeeeb Meer<e& kes Debleie&le efkeee ieee nw.
(Ke) yeQke hej efheues leerve Je<eeX kes oewjeve hetbpeer yeepeej mes mecye efkemeer Yeer ceeceues ceW efkemeer Yeer efJeefveeeceke heeefOekeejer DeLee&led me@ke SkemeeWpe Deewj/DeLeJee mesyeer eje efkemeer efveece, efveoxMeeW SJeb efoMeeefveoxMeeW kee Devegheeueve ve kejves kes efueS ve lees keesF& ob[ ueieeee ieee nw Deewj ve ner efkemeer hekeej keer Yelme&vee keer ieF& nw.
7.
Disclosures a) b) The Related Party Transactions are disclosed in the Notes on Accounts. No penalties and strictures have been imposed on the Bank by the Stock Exchange and /or SEBI for non-compliance of any law, guidelines and directives, on any matters related to capital markets, during the last three years.
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(ie) efveosMekeeW ves metefele efkeee nw efke 31 ceee&, 2012 kees efveosMekeeW kes yeere efkemeer hekeej kee heejmheeefjke mebyebOe veneR nw.
c)
Directors have disclosed that they have no relationship between directors inter se as on 31st March 2012.
8.
Mandatory and non-Mandatory Requirements The Bank has complied with all the applicable mandatory requirements as provided in Revised Clause 49 of the Listing Agreement entered into with the Stock Exchanges where Banks shares are listed. The extent of implementation of non-mandatory requirements is as under:
Status of Implementation
DeOe#e kes keeee&uee kee jKe-jKeeJe, iewj keee&heeueke DeOe#e, kebheveer kes Kee& hej kejWies.
Non-executive Chairman to maintain Chairmans Office at companys expense.
ueeiet veneR, keeeWefke DeOe#e kee heo keee&heeueke kee heo nw.
Not Applicable, since the Chairmans position is Executive.
efveosMeke ceb[ue Ske heeefjeefceke meefceefle ieef"le kejsiee pees keee&keejer efveosMekeeW kes efueS efJeefMe heeefjeefceke hewkespe mebyebOeer kebheveer keer heeefjeefceke veerefle leweej kejsieer.
Board to set-up a Remuneration Committee to formulate companys remuneration policy on specific remuneration package for Executive Directors.
ueeiet veneR, keee&heeueke efveosMeke, Yeejle mejkeej eje efveele Jesleve heehle kejles nQ. leLeeefhe, keW mejkeej eje peejer efoMee-efveoxMeeW kes Deveghe keee&efve<heeove menye heeslmeenve hej efJeeej kejves kes efueS Ske heeefjeefceke meefceefle keee&jle nw.
Not applicable, as Executive Directors draw salary as fixed by the Government of India. However a Remuneration Committee is in operation to consider Performance Linked Incentive in terms of guidelines issued by the Central Government.
iele 6 ceen kes oewjeve cenlJehetCe& IeveeDeeW kes meejebMe meefnle efJeeere keee&-efve<heeove keer ceener Iees<eCee
Half-yearly declaration of financial performance including summary of significant events in last six months to be sent to shareholders.
30.09.2011 kees meceehle ceener kes efueS yeQke ves iele 6 ceen kes oewjeve cenlJehetCe& IeveeDeeW kes meejebMe meefnle efJeeere keee&-efve<heeove kee ceener heefjCeece heleske MesejOeejke kees Yespe efoee nw. Fmekes Deefleefje yeQke kes efJeeere heefjCeece yeQke keer JesyemeeF hej [eues peeles nQ.
The Bank has sent half-yearly financial results for the half year ended 30.09.2011 including summary of significant developments during last six months to each shareholder. Besides the financial results are posted on Banks website.
kebheveer kees DevekeJeeefueHeeF[ efJeeere efJeJejefCeeeW keer JeJemLee kees Deheveevee eeefnS.
Company may move towards regime of unqualified financial statements.
yeQke ves DevekeJeeefueHeeF[ efJeeere efJeJejefCeeeW keer Deesj Deiemej nesves kes efueS keF& keoce G"eS nw.
The Bank has initiated steps for moving towards achieving unqualified financial statements.
kebheveer efveosMeke ceb[ue kes meomeeW kees efveosMeke kes he ceW efpeccesoejer Jenve Deewj Gvekee meJeexece {bie mes efveJe&nve kejves kes efueS kebheveer kes JeeJemeeefeke cee@[ue ces heefMeef#ele kejves kes meeLe-meeLe kebheveer kes JeeJemeeefeke ceeveob[eW keer peesefKece heesHeeFue kes yeejs ceW heefMeef#ele kejW.
Company may train Board Members in the Business Model of the Company as well as risk profile of the business parameters of the company, the responsibilities as Director and the best way to discharge them.
efveosMeke ceb[ue eje DeheveeS ieS JeeJemeeefeke cee@[ue Deewj peesefKece heesHeeFue kes meeLe-meeLe Deeeej mebefnlee keer mebhetCe& peevekeejer yees[& kes heleske meome kees mebhesef<ele keer ieF& nw. yeQke S[Jeebme[d HeeFvesefMeeue uee|veie nsleg efveosMekeeW kees Yeejleere efj]peJe& yeQke, cegbyeF& keW hej heefMe#eCe nsleg veeefcele kejvee nw.
A complete overview of the Business Model and risk profile along with Code of Conduct adopted by the Board of Directors has been communicated to each member of the Board. The Bank nominates Directors for training at Centre for Advanced Financial Learning of RBI, Mumbai.
efveosMeke ceb[ue kes Deve meomeeW eje iewj-keee&heeueke efveosMekeeW kes keee&-efve<heeove kee cetueebkeve Deewj iewj-keee&heeueke efveosMekeeW kes efveosMeke heo hej yeves jnves ee DeveLee efveCe&e uesvee.
Yeejleere efj]peJe& yeQke kes efoMee-efveoxMeeW kes Deveghe Ske veeceebkeve meefceefle kee ie"ve efkeee ieee nw leLee eeefvele /veeefcele efveosMekeeW hej yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9 (3) (DeeF&) kes DeOeerve efHe SC[ hee@hej efoMee-efveoxMe ueeiet nesles nw.
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Sr. No. Non-mandatory requirements The evaluation of performance of non-executive Directors by other members of the Board and to decide to continue or otherwise of the Directorship of the non-executive Directors. 7
Status of Implementation A Nomination Committee has been constituted in terms of Reserve Bank of India Guidelines and the elected directors under clause 9(3)(i) of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 are subject to determination of fit & proper status.
kebheveer Devewefleke JeJenej, JeemleefJeke DeLeJee mebosnemheo OeesKee-Oe[er Deeefo kes meboYe& ceW heyebOeve keer eEeleeDeeW kes yeejs ceW efjhees& kejves kes efueS hetJe& mebkesle osves Jeeueer (efyemeue yueesDej) veerefle yeveeS.
The Company to establish the Whistle Blower Policy for reporting management concerns about unethical behaviors, actual or suspected fraud, etc.
yeQke kees DeYeer Deebleefjke efyemeue yueesDej hee@efuemeer mLeeefhele kejveer nw.
Bank is yet to establish the internal Whistle Blower Policy.
9.
9.
Means of Communication The Bank recognizes the need for keeping its members and stakeholders informed of the events of their interests through present advanced information technology and means of communication. The financial results of the Bank are submitted to the stock exchanges, where the securities of the Bank are listed, immediately after the conclusion of the Board Meeting approving the same. The results are also published in minimum two or more newspapers, one circulating in the whole or substantially the whole of India and the other circulating in the state of Gujarat where the Head Office of the Bank is situated. The Bank furnishes results to the Shareholders on Half Yearly basis. The Bank also organizes analysts-meets, press conferences, etc. for announcing Banks financial results and its future plans. The Quarterly / Year to Date / Annual Financial Results of the Bank as well as the copy of presentation made to Analysts and other official news are posted on the Banks Website http://www.bankofbaroda.com. The web cast (live and archived) of presentation made to Analysts Meet is made accessible from links uploaded in the website. Green initiative under Corporate Governance. a. the shareholders having shares in physical form are requested to register their e-mail ids with us or our Registrars, at the address given elsewhere in this report, to enable us to serve any document, notice, communication, annual reports etc. through e-mail. the shareholders holding shares in Demat form are requested to register their e-mail ID with their respective Depository Participant for the above purpose.
keeheexjs ieJeveXme kes lenle heee&JejCe Gheee ke. meYeer MesejOeejkeeW efpevekes heeme Mesej Yeewefleke he ceW nQ, mes DevegjesOe nw efke Jes Deheves F&-cesue DeeF&[er nceejs heeme ee nceejs jefpem^ej kes heeme efpemekee helee Fme efjhees& Deve$e efoee ieee nw, kes heeme hebpeerke=le kejJee oW leeefke nce omleeJespe, veesefme, mebes<eCe, Jeeef<e&ke efjhees& Deeefo F&-cesue kes ceeOece mes Yespe mekeW. Ke. Jes MesejOeejke efpevekes heeme Mesej DeYeewefleke he ceW nQ, Gvemes DevegjesOe nw efke Jes Gheeg&e eeespeve kes efueS Deheves F&-cesue DeeF&[er mebyebefOele ef[heespeerjer eefleYeeieer kes heeme hebpeerke=le kejJee oW. 10. heejoe|Melee Deewj Devegheeueve DeefOekeejer efvecveefueefKele Deefleefje keee& nceejs yeQke kes keeheexjs ceskesefve]pce kes Debleie&le DeefOeke mes DeefOeke hekeerkejCe SJeb Devegheeueve kes heefle yeQke keer heefleyelee kees Deewj Yeer Jeeheke yeveeles nQ:
b.
10. transparency & Compliance Officer Further following additional functions also enhance Banks commitment to more & more disclosures and compliance under corporate Governance mechanism of our Bank. 10.1 transparency Officer As per the directions of Central Information Commissioner (CIC), Bank has appointed one of the Senior Officer as
10.1 heejoe|Melee DeefOekeejer kesvere metevee Deeege (meerDeeF&meer) kes efveosMeeW kes Devegmeej yeQke ves HejJejer 2011 mes Deheves Ske Jeefj DeefOekeejer kees heejoe|Melee DeefOekeejer kes he ceW
109
2011-12
efveege efkeee nw. en heejoe|Melee DeefOekeejer efvecveefueefKele kes efueS Gejoeeer nesiee: ueeske heeefOekeeefjeeW kes yeewjs mes mebye metevee DeefOekeej (DeejerDeeF&) DeefOeefveece keer Oeeje 4 kes Devegheeueve keer eqmLeefle keer mebJeer#ee kejvee Deewj GmeceW ngF& heieefle mes Ge heyebOeve kees DeJeiele kejevee. DeejerDeeF& DeefOeefveece kes Devegheeueve ceW heieefle kes efJe<ee ceW meerDeeF&meer kes efueS FbjHesme kes he ceW keee& kejvee. kesvere ueeske metevee DeefOekeejer (meerheerDeeF&Dees), keWere ueeske metevee DeefOekeeefjeeW (meerheerDeeF&Dees) eje efkeS ieS DeejerDeeF& DevegjesOeeW kes mebyebOe ceW mekeejelceke Deewj mecee hej Gej osves nsleg Devegketue heefjeqmLeefleeeb efvee|cele kejves nsleg heeslmeeefnle kejves kes efueS meneesie heoeve kejvee. DeejerDeeF& mes mebye meYeer ceeceueeW ceW pevelee kes efueS Ske mebheke& eEyeog yevevee. yeQke ves efveosMeevegmeej efveOee&efjle heehe ceW mecemle peevekeejer Jesye meeF hej Deheuees[ keer ieF& nw Deewj en peevekeejer mecee- mecee hej Deeleve keer peeleer nw.
Transparency Officer since February 2011. The Transparency Officer is responsible for the following.
to oversee the implementation of the Section 4 of Right To information (RTI) Act detailing obligation by public authorities , and to apprise the top management of its progress. To be the interface for the CIC regarding the progress in implementation of RTI Act. Help promote congenial conditions for positive and timely response to RTI-request by Central Public Information Officers (CPIOs), deemed-CPIOs. To be a contact point for the public in all RTI-related matters.
The bank has uploaded all the information as directed in the specified format on website and this information is updated from time to time. 10.2 Compliance Function The compliance department is set up since 2007 as per RBI directions. The department is ensuring strict observance of all statutory provisions contained in various legislations such as Banking Regulation Act, Reserve Bank of India Act, Foreign Exchange Management Act, Prevention of Money Laundering Act etc. as well as to ensure observance of other regulatory guidelines issued from time to time; standards and codes prescribed by Banking Codes & Standards Board of India, IBA, Foreign Exchange Dealers Association of India (FEDAI), Fixed Income Money Market Derivatives Association of India (FIMMDA), KYC Norms/ Guidelines and also each bank's internal policies and fair practices code. Compliance laws, rules and standards generally cover matters such as observing proper standards of market conduct, managing conflicts of interest, treating customers fairly, and ensuring the suitability of customer advice. 11. ShAREhOLDERS inFORMAtiOn The Banks shares are listed on the following major Stock Exchanges in India: Bombay Stock Exchange Ltd., Phiroze Jeejeebhoy Towers 25th Floor, Dalal Street Fort, Mumbai - 400 001 BSE CODE : 532134 National Stock Exchange of India Ltd., Exchange Plaza Bandra Kurla Complex, Bandra,(East), Mumbai - 400 051 NSE CODE : BANKBARODA The annual listing fees in respect of all the securities listed with the exchange(s) have been paid till date.
110
2011-12
The shares of the Bank are under compulsory demat list of SEBI and the Bank has entered in to Agreements with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for dematerialization of Banks shares. Shareholders can get their shares dematerialized with either NSDL or CDSL. As on March 31, 2012 the Bank has following number of Equity Shares in physical and dematerialized form, as per the detail given below.
ceeceues / Cases
51955 88622 34287 174864
Mesej / Shares
27735894 154952366 228435123 411123383
eefleMele / Percentage
6.75 37.69 55.56 100.00
yeQke eje Je<e& 2003 ceW 27,38,300 FeqkeJeer Mesej peyle efkeS ieS efpeveceW mes 31 ceee&, 2012 leke 4,800 FeqkeJeer Mesej (Svetuue[) DeefYeMetve efkeS ieS.
The Bank had forfeited 27,38,300 equity share in the year 2003 and out of the same 4800 equity shares were annulled up to 31st March 2012. 11.2: Electronic Clearing Services (ECS) Electronic Clearing Services (ECS) is a modern method of payment where the amounts of dividend/interest etc., are directly credited to the bank accounts of the Investors concerned. The Bank has offered the services to the shareholders with an option to avail the facility at all the centers covered by Reserve Bank of India under its National ECS/ ECS facility. The ECS mandate form is appended with the Annual Report. 11.3 Share Transfer System and Redressal of Investors Grievances The Bank ensures that all transfers of Shares are duly affected within a period of one month from the date of their lodgment. The Board has constituted Shareholders/ Investors Grievances Committee to monitor and review the progress in redressal of general shareholders and investors grievances and Shares Transfer Committee to consider transfer of Shares and Bonds and other related matters. The Committees meet at regular intervals and review the status of Investors' Grievances. The Bank has appointed M/s. Karvy Computershare Private Limited as its Registrars and Transfer Agent with a mandate to process transfer of Shares / Bonds, dividend / interest payments, recording of Shareholders requests, solution of investors grievances amongst other activities connected with the issue of Shares / Bonds. The Investors may lodge their transfer deeds / requests / complaints with the Registrars at following address: M/S Karvy Computershare Private Limited (Unit: Bank of Baroda) Plot No.17 to 24, Near Image Hospital Vittalrao Nagar, Madhapur Hyderabad - 500 081
11.3: Mesej DeblejCe heCeeueer leLee efveJesMekeeW keer efMekeeeleeW kee efveJeejCe
yeQke megefveeqele kejlee nw efke MesejeW kee DeblejCe mebyebOeer mecemle keee& Gvekeer hemlegefle keer leejerKe mes Ske ceen kes Yeerlej efJeefOeJeled he mes mebheVe nes peeS. yees[& ves MesejeW Deewj yeeb[eW kes DeblejCe leLee Deve mebye ceeceueeW hej efJeeej kejves kes efueS MesejOeejke/efveJesMeke efMekeeele meefceefle Deewj Mesej DeblejCe meefceefle ieef"le keer nw. es meefceefleeeb efveeefcele Deblejeue hej yew"ke Deeeesefpele kejleer nQ Deewj efveJesMeke-efMekeeeleeW keer eqmLeefle keer meceer#ee kejleer nQ. yeQke ves ceQ.keeJeea kebhetjMesej hee.efue.kees Deheves jefpem^ej Deewj DeblejCe SpeW kes he ceW efveege efkeee nw efpemekee keee& Mesej /yeeb[ DeblejCe, ueeYeebMe/yeepe Yegieleeve kees hee@mesme kejvee, MesejOeejkeeW kes DevegjesOe ope& kejvee, efveJesMekeeW keer efMekeeeleeW kee meceeOeeve leLee Mesej/yeeb[ peejer kejves mebyebOeer Deve ieefleefJeefOeeeW /keeeeX kees megefveeqele kejvee nw. efveJesMeke Deheves DeblejCe efJeuesKe/DevegjesOe/efMekeeeleW efvecve heles hej jefpem^ej kees efYepeJee mekeles nQ. ceQ. keeJeea kebhetjMesej hee.efue. (etefve: yeQke Dee@]He ye[ewoe) huee@ veb.17 mes 24, Fcespe Demheleeue kes heeme efJeuejeJe veiej, ceeOeehegj nwojeyeeo - 500 081
111
2011-12
Heesve: (040) 23420815 mes 820, Hewkeme: (040) 23420814 F&-cesue : einward.ris@karvy.com yeQke ves efveJesMeke mesJeeSb efJeYeeie keer mLeehevee keeheexjs keeee&uee, cegbyeF& ceW Yeer keer nw, efpemekes heYeejer kebheveer meefeJe nQ. peneb MesejOeejke Deheves DevegjesOeeW / efMekeeelees kees meceeOeeve nsleg efvecveefueefKele heles hej Yespe mekeles nQ. Jes Deheveer efMekeeeleW /DevegjesOe heOeeve keeee&uee, Je[esoje kees efvecveefueefKele heles hej Yeer Yespe mekeles nQyeQke Dee@]He ye[ewoe efveJesMeke, mesJee efJeYeeie heLece leue, ye[ewoe keeheexjs meWj meer-26, peer-yuee@ke, yeebe-keguee& kee@chueskeme yeebe (hetJe&), cegbyeF& 400 051 sueerHeesve : (022) 66985000, 6698 5846 Hewkeme : (022) 2652 6660 F&-cesue : investorservices@
bankofbaroda.com
Phone: (040) 23420815 to 820, Fax: (040) 23420814 E Mail: einward.ris@karvy.com The Bank has also established Investors' Services Department, headed by the Company Secretary at Corporate Office, Mumbai wherein shareholders can mail their requests / complaints for resolution at the address given below. They can also send their complaints/ requests at the address given below at Head Office, Vadodara:
Bank of Baroda Investors Services Department 1st Floor, Baroda Corporate Centre C-26, G-Block, Bandra-Kurla Complex Bandra (East), Mumbai 400 051 Telephone : (022) 66985000, 6698 5846 Fax : (022) 2652 6660 E mail : investorservices@ bankofbaroda.com (The aforesaid e-mail ID is exclusively designated for investors' complaints pursuant to Clause 47(F) of the listing agreement with Stock Exchanges) Bank of Baroda Chief Manager, Customer Service, 8th Floor, Suraj Plaza I, Sayajiganj, Vadodara 390 005 Telephone : 0265 2361724 Fax No. : 0265 2361824 Email: customerservice@ bankofbaroda.com
yeQke Dee@]He ye[ewoe cegKe heyebOeke ieenke mesJee Dee"Jeeb leue, metjpe hueepee I, meeepeeriebpe, Je[esoje 390 005 sueerHeesve : 0265 2361724 Hewkeme veb. : 0265 2361824 F&-cesue: customerservice@
bankofbaroda.com
(Ge F&-cesue DeeF&[er efJeMes<e he mes me@ke SkemeeWpeeW kes meeLe meteerye nesves kes kejej kes Keb[ 47(SHe) kes DevegmejCe ceW efveJesMekeeW keer efMekeeeleeW nsleg yeveeee ieee nw)
12.
CORPORAtE GOVERnAnCE RAtinG Bank of Baroda is the first Public Sector Bank having been assigned a rating to its Corporate Governance Practices by ICRA Limited. The ICRA had assigned the rating of CGR2 (pronounced as CGR 2) in July 2004, which has been reaffirmed in February 2006, September 2007, April 2010 and March 2011 respectively. On a rating scale of CGR1 to CGR6 where CGR1 denotes the highest rating. The CGR2 rating implies that in ICRAs current opinion, the Bank has adopted and follows such practices, convention and codes as would provide its financial stakeholders including the depositors, a high level of assurance on the quality of Corporate Governance. The rating reflects Banks transparent ownership structure, well-defined executive management structure, satisfactory risk management practices, transparency in appointment and functioning of the Board and Senior Management and an elaborate audit function, carried out both by its Inspection Division and independent audit firms.
13. efJeeere ke@uesv[j efJeeere Je<e& 1 Dehewue, 2011 mes 31 ceee&, 2012
KeeleeW (Skeue) SJeb ueeYeebMe mebyebOeer efmeHeeefjMeeW hej efJeeej-efJeceMe& kejves nsleg efveosMeke ceb[ue keer yew"ke
13.
Financial Calendar Financial Year 1st April, 2011 to 31st March, 2012
04.05.2012
Board Meeting for considering of Accounts (Standalone) and recommendation of dividend. Board Meeting for considering of Accounts (Consolidated). Submission of audited statement of accounts to RBI.
04.05.2012
KeeleeW (mecesefkele) hej efJeeej-efJeceMe&, kejves nsleg efveosMeke ceb[ue keer yew"ke
15.05.2012
15.05.2012
Yeejleere efj]peJe& yeQke kees KeeleeW keer uesKee hejeref#ele efJeJejCeer keer hemlegefle
24.05.2012
24.05.2012
112
2011-12
Date, Time & Venue of the 28.06.2012 16th AGM heele: 10.30 yepes mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej mesJee meove, yeQke Dee@]He ye[ewoe Meleeyoer Je<e& (2007-2008) er.heer.-1, SHe.heer. 549/1, peerF&yeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, Dekeese, Je[esoje 390 020
28.06.2012 At 10.30 a.m. Sir Sayaji Rao Nagargriha, Vadodara Mahanagar Seva Sadan, Bank of Baroda Centenary Year (20072008), T. P. 1, F. P. 549/1, Near GEB Colony, Old Padra Road, Vadodara 390 020 16.06.2012 to 28.06.2012 23.06.2012
yeefneeb yebo kejves keer leejerKe hee@kemeer Heece& heehle kejves keer Debeflece leejerKe ueeYeebMe kes efueS Jeejb hesef<ele kejves keer mebYeeefJele leejerKe ueeYeebMe Yegieleeve keer leejerKe
Book Closure dates Last Date for receipt of Proxy Forms Probable date of dispatch of warrants for Dividend Payment date - Dividend
before 09.07.2012
09.07.2012
14.
14.
Sr. No.
No. of Share Holders 1 183 71 08 311 1701 169542 2847 3 20 177 174864
Shares
1 2 3 4 5 6 7 8 9 10 11
Govt. of India (Promoters) Mutual Funds / UTI Financial Institutions / Banks Insurance Companies Foreign Institutional Investors Bodies Corporate Resident Individuals Non Resident Indians Overseas Corporate Bodies Trusts Clearing Members total
223279579 30891062 10011281 43393871 55666571 25634066 19599360 1935862 22000 53056 636675 411123383
54.31 7.51 2.44 10.55 13.54 6.24 4.77 0.47 0.01 0.01 0.15 100.00
113
2011-12
31 ceee&, 2012 kees Smeees/Geble KeeleeW ceW he[s ngS MesejeW keer eqmLeefle
15.ke. Geble Keeles ceW he[s ngS MesejeW keer eqmLeefle (hele#e Mesej ef[ueerJejer ve nes mekeves kes keejCe Jeeheme efkeS ieS)
01.04.2011 kees heejbefYeke Mes<e
Opening Balance as on 01.04.2011
15. Status of Shares Lying in Escrow/Suspense Account as on 31st March 2012 15.a. Status of Shares lying in Suspense A/c (Physical Shares - returned undelivered)
ceeceues / Cases
Metve / NIL
Mesej / Shares
Metve / NIL
ceeceues / Cases
Metve / NIL
ceeceues / Cases
76
Mesej / Shares
18300
15.Ke.Smees/Geble Keeles ceW he[s ngS MesejeW keer eqmLeefle (DeYeeweflekeerke=le Mesej ef[ueerJejer ve nes mekeves kes keejCe Jeeheme ngS)
01.04.2011 kees eejbefYeke Mes<e
Opening Balance as on 01.04.2011
15.b. Status of Shares lying in Escrow / Suspense A/c (Demat Shares - returned undelivered)
ceeceues / Cases
196
Mesej / Shares
22628
ceeceues / Cases
30
ceeceues / Cases
178
Mesej / Shares
20830
16.
31 ceee&, 2012 kees Mesej OeejkeeW kee Deeyebve mebyebOeer esCeer-Jeej efJeJejCe
esCeer Category 1 - 5000 5001 - 10000 10001 - 20000 20001 - 30000 30001 - 40000 40001 - 50000 50001 - 100000 100001 & Above Total ceeceueeW keer mebKee No. of Cases 171129 2081 657 192 97 74 144 490 174864
ceeceueeW kee % % of Cases 97.86 1.19 0.38 0.11 0.06 0.04 0.08 0.28 100.00
jeefMe (`) Amount `. 171940820.00 16638480.00 10086140.00 5005030.00 3494610.00 3496220.00 11001250.00 3889571280.00 4111233830.00
jeefMe kee % % of Amount 4.18 0.40 0.25 0.12 0.09 0.09 0.27 94.31 100.00
114
2011-12
Sr. No.
jepe DeebOe heosMe DeCeeeue heosMe Demece efyenej eb[erie{ efouueer ieesJee iegpejele nefjeeCee efnceeeue heosMe peccet SJeb keMceerj kevee&ke kesjue ceOeheosMe ceneje^ cesIeeuee veeieeueQ[ G[ermee Deve hebpeeye jepemLeeve leefceuevee[t ef$ehegje Gej heosMe heeqece yebieeue kegue
State
Cases ANDHRA PRADESH ARUNACHAL PRADESH ASSAM BIHAR CHANDIGARH DELHI GOA GUJARAT HARYANA HIMACHAL PRADESH JAMMU & KASHMIR KARNATAKA KERALA MADHYA PRADESH MAHARASHTRA MEGHALAYA NAGALAND ORISSA OTHERS PUNJAB RAJASTHAN TAMIL NADU TRIPURA UTTAR PRADESH WEST BENGAL Total 6580 14 507 2695 459 7707 1426 41500 2079 242 199 7946 3219 4925 48405 91 98 1074 2990 1557 10395 11868 120 12603 6165 174864
ceeceues
Shares 879591 1658 56172 278372 58936 224524907 200871 5166802 227814 23382 26437 798033 413227 650276 169893549 12022 21965 101619 1450783 194670 1219732 2149050 16260 1548576 1208679 411123383
Mesej
115
2011-12
18. me@ke SkemeeWpeeW ceW MesejeW kes meewoeW keer cee$ee leLee Mesej cetue Deewj Fb[skeme [ee
18.ke me@ke SkemeeWpeeW ceW MesejeW kes meewoeW keer cee$ee leLee Mesej cetue (01.04.2011 mes 31.03.2012) ceen
Month
18. ShARE PRiCE, VOLUME OF ShARES tRADED in StOCK EXChAnGES AnD inDEX DAtA 18. a Share Price, Volume of Shares Traded in Stock Exchanges (From 01.04.2011 to 31.03.2012) Bombay Stock Exchange Ltd. (BSE) Highest (`)
Gelece (.)
Lowest (`)
Gelece (.)
Lowest (`)
Volume Traded (Nos.) 1006.50 920.00 910.00 919.25 893.75 815.45 833.00 833.40 747.50 829.70 881.00 869.00 905.20 802.40 838.50 858.40 681.05 712.40 703.75 675.10 630.35 653.60 738.00 759.05 1206239 1799141 699553 1260047 1182276 907674 1076476 2020633 1440876 1667090 1904643 1393697
Dehewue 2011 ceF& 2011 petve 2011 pegueeF& 2011 Deiemle 2011 efmelebyej 2011 Deetyej 2011 veJebyej 2011 efomebyej 2011 peveJejer 2012 HejJejer 2012 ceee& 2012
APR 2011 MAY 2011 JUN 2011 JUL 2011 AUG 2011 SEP 2011 OCT 2011 NOV 2011 DEC 2011 JAN 2012 FEB 2012 MAR 2012
1006.65 917.95 895.05 948.45 897.95 814.90 781.90 833.60 748.00 830.00 881.00 860.00
905.10 802.5 830.10 858.00 681.30 711.10 704.85 675.65 631.00 653.35 740.10 758.20
5861776 10524139 4743525 7267925 10700376 6167706 8671492 10929016 10584352 10948422 11489826 12545272
18.Ke Dehewue, 2011 mes ceee&, 2012 leke Fb[skeme [ee (ceeefmeke meceeheve cetue) Date leejerKe Sme Sb[ heer yeQke efveHeer meerSveSkeme BANK NIFTY efveHeer
S&P CNX NIFTY
18.b index Data from April 2011 to March 2012 (Monthly Closing Values)
yee@ye SveSmeF&
BOB NSE
yeerSmeF& mesvmeskeme
BSE SENSEX
yeQkeskeme
BANKEX
yee@ye yeerSmeF&
BOB BSE
29-Dehewue-11 31-ceF&-11 30-petve-11 29-pegueeF&-11 30-Deiemle-11 30-efmelebyej-11 31-Deetyej-11 30-veJebyej-11 30-efomebyej-11 31-peveJejer-12 29-HejJejer-12 30-ceee&-12
29-Apr-11 31-May-11 30-Jun-11 29-Jul-11 30-Aug-11 30-Sep-11 31-Oct-11 30-Nov-11 30-Dec-11 31-Jan-12 29-Feb-12 30-Mar-12
5749.50 5560.15 5647.40 5482.00 5001.00 4943.25 5326.60 4832.05 4624.30 5199.25 5385.20 5295.55
11483.75 11020.85 11244.65 10893.65 9533.40 9468.30 9989.65 8564.10 7968.65 9919.45 10414.20 10212.75
911.90 863.95 873.35 878.75 736.30 762.30 771.15 700.10 665.35 753.75 804.40 796.15
19135.96 18503.28 18845.87 18197.20 16676.75 16453.76 17705.01 16123.46 15454.92 17193.55 17752.68 17404.20
13076.97 12543.00 12821.05 12447.83 10904.24 10850.73 11454.03 9850.43 9153.39 11390.70 11974.16 11751.18
912.15 863.40 871.90 878.30 736.60 763.85 771.50 700.60 660.85 753.45 803.80 793.65
116
2011-12
veece helee
eer megoMe&ve mesve #es$eere efveosMeke Yeejleere efj]peJe& yeQke, kesvere keeee&uee, hees.yee@. veb. 1. Deeece jes[, Denceoeyeeo 380 014 21.01.1959 53 Je<e& 1. yeer.Smemeer. (ieefCele) 2. Sce.Smemeer.(ieefCele) 3. SceyeerS (Deblejje^ere yeQeEkeie SJeb efJee)
Name
Address
Regional Director, Reserve Bank of India, Central Office, P. B. No. 1, Ashram Road, Ahmedabad 380 014.
Date of Birth
21.01.1959
Age
53 Years
Qualifications
kesvere mejkeej eje yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3) (meer) kes lenle efoveebke 30.05.2011 mes Deieues DevegosMeeW leke efveosMeke kes he ceW veeefcele. GvneWves Je<e& 1982 ceW Yeejleere efj]peJe& yeQke ceW keee&ienCe efkeee leLee GvnW 30 Je<eex mes DeefOeke kee kesvere yeQeEkeie heefjeeueveeW Deewj yeQeEkeie hee&Jes#eCe kee oerIe&keeueerve DevegYeJe heehle nw efpemeceW yeQeEkeie SJeb efJeeere mesJeeDeeW kes #es$e kee ienve DevegYeJe Meeefceue nw. GvneWves Yeejleere efj]peJe& yeQke kes efJeefYeVe efJeYeeieeW ceW cenlJehetCe& heoeW hej keee& efkeee nw.
Metve
Nominated as a Director w.e.f. 30.05.2011 by the Central Government u/s 9 (3) (c) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 to hold the post until further orders.
DevegYeJe
Experience
He joined the Reserve Bank of India (RBI) in the year 1982 and has over thirty years of varied experience in Central Banking Operations and Bank Supervision, involving extensive exposure to the banking and financial services sector. He has held key positions in various departments of RBI.
NIL
Metve
NIL
117
2011-12
Name Address
Shri Vinil Kumar Saxena C/o Bank of Baroda, C-39, Hari Marg, Opp. Kardhani Shopping Centre, Malviya Nagar, Jaipur 302 017.
helee
eje yeQke Dee@He ye[ewoe meer-39, nefj ceeie&, keOe&veer Mee@eEheie meWj kes meeceves, ceeueJeere veiej, peehegj 302 017 20.12.1957 54 Je<e& 1. 2. 3. 4. 5. Sce. kee@ce. (SkeeGvWvmeer Sb[ efye]pevesme msefeqmke) Sce. kee@ce. (efye]pevesme S[efceefvem^sMeve) heer.peer. ef[hueescee Fve keesm Sb[ Jekeme& SkeeGvWvmeer heer.peer. ef[hueescee Fve yeQeEkeie HeeFveevme heer.peer. ef[hueescee Fve kee@-Dee@hejsMeve
20.12.1957 54 Years 1) 2) 3) 4) 5) M.Com. ( Accountancy & Business Statistics) M.Com. (Business Administration) P.G. Diploma in Cost & Works Accountancy P.G. Diploma in Banking Finance P.G. Diploma in Co-operation
kesvere mejkeej eje yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3) (F&) kes lenle efoveebke 25.07.2011 mes leerve Je<eeX keer DeJeefOe ee yeQke Dee@He ye[ewoe ceW ] Jeke&cesve kece&eejer yeves jnves ee Deieues DeeosMe efceueves leke, pees Yeer henues nes, Jeke&cesve kece&eejer efveosMeke kes he ceW efveege. GvneWves yeQke ceW Je<e& 1978 ceW keee&-ienCe efkeee. GvnW yeQeEkeie kee 33 Je<eeX kee DevegYeJe nw. Jes ^s[ etefveeve ieefleefJeefOeeeW mes meeqee He mes peg[s jns nQ Deewj Fme mecee Jes Dee@ue Fbef[ee yeQke Dee@]He ye[ewoe Scheuee@Fpe Hes[jsMeve kes DeOe#e, vesMeveue keesHes[jsMeve Dee@He yeQke Schuee@Fpe kes mebege meefeJe, yeQke Dee@He ye[ewoe kece&eejer etefveeve, jepemLeeve jepe kes cenemeefeJe leLee vesMeveue keveHes[jsMeve Dee@He yeQke Schuee@Fpe jepemLeeve kes DeOe#e nQ. Metve
Appointed as a Workmen Employee Director w.e.f. 25.07.2011 by the Central Government u/s 9 (3) (e) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 for a period of three years or till he ceases to be workmen employee of Bank of Baroda or until further orders, whichever is earlier He joined the Bank in the year 1978. He has thirty-three years of experience in Banking. He is actively associated with Trade Union movement and is currently the President, All India Bank of Baroda Employees Federation; Joint Secretary, National Confederation of Bank Employees; General Secretary, The Bank of Baroda Karamchari Union Rajasthan State and President, National Confederation of Bank Employees Rajasthan. NIL
DevegYeJe
Experience
Deve kebheefveeeW ceW efveosMeke DeLeJee Deve meefceefle heoeW hej keee& yeQke Dee@H] e ye[ewoe ceW Oeeefjle MesejeW keer mebKee
Directorship or Committee Positions held in other Companies No. of Shares held in Bank of Baroda
620
620
118
2011-12
Shri Maulin Arvind Vaishnav 8 Anand Nagar Society, Jetalpur Road, Vadodara - 390 007.
helee
12.12.1950 61 Years Diploma in Fire Prevention Re-Elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014.
DevegYeJe
Experience
He is an accomplished Social Worker. He held several important positions in the past such as Chairman of the Gujarat Maritime Board, Chairman of the Primary Schools Board, Baroda Municipal Corporation. He was also a National Director, Indian Jaycees. He was, earlier, elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2008 for a period of 3 years from 24.12.2008 to 23.12.2011. Prior to his election, he was holding the position as a Director nominated by the Central Government under section 9 (3) (h) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which he ceased to hold w.e.f. 28.11.2008 consequent upon his resignation.
Deve kebheefveeeW ceW efveosMeke DeLeJee Deve meefceefle heoeW hej keee& yeQke Dee@H] e ye[ewoe ceW Oeeefjle MesejeW keer mebKee
Directorship or Committee Positions held in other Companies No. of Shares held in Bank of Baroda
NIL
125
125
119
2011-12
eer megjsv eEmen Yeb[ejer heer-7, efleueke ceeie&, meer mkeerce, peehegj 302 005 20.01.1948 64 Je<e& 1) yeer. kee@ce. 2) SHe.meer.S. yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3) (DeeF&) kes lenle efoveebke 23.12.2011 kees ngF& DemeeOeejCe meeceeve meYee ceW yeQke kes kesbere mejkeej mes efYeVe MesejOeejkeeW eje efoveebke 24.12.2011 mes 23.12.2014 leke keer leerve Je<eeX keer DeJeefOe kes efueS efveosMeke kes he ceW efveJee&efele. Jes Ske meveoer uesKeekeej nQ leLee cew. Sme. Yeb[ejer Sb[ keb ceW Je<e& 1970 mes Jeefj meePesoej nQ. Gvnesves efJeefYeVe efJeeere mebmLeeveeW mes efJeefYeVe veerefle efveeeceke heoeW hej keee& efkeee nQ. GvnW yeQeEkeie leLee efJeeere #es$e ceW eej oMekeeW kee Jeeheke DevegYeJe nw. Jes 1991-1996 leke yeQke Dee@He jepemLeeve efueefces[ kes efveosMeke ceb[ue ceW Jes jepemLeeve mejkeej kes efveosMeke kes heo hej kej keee&jle jns Deewj Je<e& 2001-2004 kes oewjeve meW^ue yeQke Dee@He Fbef[ee ceW iewj-keee&heeueke efveosMeke kes he ceW Yeer mesJeeSb heoeve kej egkes nQ. Jes jepemLeeve mejkeej kes JeeefCeeqpeke kej efMekeeele efveJeejCe ke#e kes meome Yeer nQ, Jes Fbef[eve keeGeqvmeue Dee@He Deee|ye^sMeve (jepemLeeve ewhj) kes meome, jepemLeeve ewcyej Dee@He kee@ceme& Sb[ Fb[m^er]pe kes SmeesefmeSs[ ceWyej leLee ceoj sjsmee ne@ce Heesj [eeEeie Sb[ [seqmetd, peehegj kes meome leLee mLeeveere meueenkeej nQ. Jes efvecveefueefKele kes efveosMeke ceb[ueeW ceW efveosMeke Yeer nQ- (i) SefMeeve nesume (Jesm) efue. (ii) SefMeeve nesume (F&m) efue. (iii) JewYeJe pescme efueefces[. 200
Name Address
Shri Surendra Singh Bhandari P 7 , Tilak Marg, C Scheme, Jaipur - 302 005.
helee
20.01.1948 64 years 1) B. Com. 2) F.C.A. Elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. He is a practicing Chartered Accountant and a senior partner in M/s S. Bhandari & Co., since 1970. He has held various strategic positions in various financial organizations. He has rich experience of Banking and Finance of more than four decades. He was a Director on the Board of Bank of Rajasthan Limited during 1991 1996 and had also served as Non-executive Director on the Board of Central Bank of India during 2001 2004. He is also a member in Grievance Redressal Cell of Commercial Taxes, Government of Rajasthan, Member of the Arbitration Tribunal of Indian Council of Arbitration (Rajasthan Chapter), Associated Member Rajasthan Chamber of Commerce & Industry and Member & Local Advisor, Mother Teresa Home for Dying & Destitute, Jaipur.
DevegYeJe
Experience
Deve kebheefveeeW ceW efveosMeke DeLeJee Deve meefceefle heoeW hej keee& yeQke Dee@H] e ye[ewoe ceW Oeeefjle MesejeW keer mebKee
Directorship or Committee Positions held in other Companies No. of Shares held in Bank of Baroda
He is also a Director on the Board of (i) Asian Hotels (West) Ltd. (ii) Asian Hotels (East) Ltd. (iii) Vaibhav Gems Ltd. 200
120
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veece
eer jepeerye mesKej meent S/42, veeruekeb" veiej osJe je@e kee@ueesveer kes heeme veeeheuueer, Yegyevesej 751 012 01.07.1962 49 Je<e& 1) yeer. kee@ce. 2) SHe.meer.S. yeQkekeejer kebheveer (GheeceeW kee Depe&ve SJeb DeblejCe) DeefOeefveece, 1970 keer Oeeje 9(3) (DeeF&) kes lenle efoveebke 23.12.2011 kees ngF& DemeeOeejCe meeceeve meYee ceW yeQke kes keWere mejkeej mes efYeVe MesejOeejkeeW eje efoveebke 24.12.2011 mes 23.12.2014 leke keer leerve Je<eeX keer DeJeefOe kes efueS efveosMeke kes he ceW efveJee&efele. Jes YegJevesej keer Ske meveoer uesKeekej kebmeuWmeer Hece& ceW cew.SmeDeejyeer Sb[ SmeesefmeSme kes Ske heJele&ke SJeb hecegKe meePesoej nQ. GvnW yeQeEkeie SJeb efJeeere #es$e kee Jeeheke DevegYeJe nw SJeb GvneWves meeJe&peefveke #es$e kes keF& ye[s GheeceeW, yeQkeeW Je efvepeer kebheefveeeW keer uesKee hejer#ee keer nw. Jes DeebOe yeQke ceW Je<e& 2008-2011 leke leerve Je<eeX keer DeJeefOe kes efueS iewj-keee&heeueke efveosMeke Les. GvnW keF& cenlJehetCe& heoeW pewmes 2012-13 kes efueS SceDeeset mebyebOeer heeqyueke SbjheeF]pe emke Heesme& kes meome kes he ceW, eEnogmleeve eEpeke efueefces[ kes efveosMeke ceb[ue kes efveosMeke kes he ceW, ceQ.lesnjer nee[^es [sJeueheceW keeheexjsMeve Fbef[ee efue. SJeb Sveerheer efue. kes efveosMeke kes he ceW keee& kejves kee DevegYeJe heehle nw. Jes efJeefJeOe mejkeejer SJeb heyebOeve mebmLeeveeW efpeveceW pesefJeej Fbmeret Dee@He cewvespeceW, YegJevesej Yeer Meeefceue nw. efJeefpeeEie mebkeee meome kes he ceW mesJeeSb osles jns nQ. Jes efvecveefueefKele kes efveosMeke ceb[ue ceW efveosMeke Yeer nQ(i) Sveerheermeer efueefce. (ii) efnvogmLeeve eEpeke efueefce. (iii) snjer nee[^es [sJeueheceW kee@heexjsMeve Fbef[ee efueefces[ . 200
Name Address
Shri Rajib Sekhar Sahoo A / 42, Nilkantha Nagar, Near Dev Roy College, Nayapalli, Bhubaneswar 751 012.
helee
01.07.1962 49 years 1) B. Com. 2) F.C.A. Elected as a Director by shareholders of the Bank other than the Central Government u/s 9 (3) (i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 at the Extra Ordinary General Meeting held on 23.12.2011 for a period of 3 years from 24.12.2011 to 23.12.2014. He is one of the Promoters and Principal Partner of M/s. SRB & Associates, a Chartered Accountants consultancy firm based at Bhubaneswar. He has vast experience in Banking and Finance and has audited large Public Sector Undertakings, Banks and Private Companies. He was a non-executive Director on the Board of Andhra Bank for a period of 3 years during 2008 2011. He has the experience of holding several key positions such as Member of Department of Public Enterprise Task Force on MOU for 2012 13, as Director on the Boards of M/s. Hindustan Zinc Limited, M/s. Tehri Hydro Development Corporation India Limited, and NTPC Limited. He has also been a visiting faculty to various Government and Management Institutes including Xavier Institute of Management, Bhubaneswar.
DevegYeJe
Experience
Deve kebheefveeeW ceW efveosMeke DeLeJee Deve meefceefle heoeW hej keee&
He is also a Director on the Board of (i) NTPC Ltd. (ii) Hindustan Zinc Ltd. (iii) Tehri Hydro. Development Corporation India Ltd. (THDC)
200
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Iees<eCee-He$e
meke SkemeespeeW kes meeLe meteerkejCe kejej kes Keb[ 49 (1) ([er) kes DevegmejCe ceW DeOe#e SJeb heyebOe efveosMeke keer Iees<eCee. en Ieesef<ele efkeee peelee nw efke yeQke kes yees[& kes meYeer meomeeW leLee Jeefj heyebOeve keee&heeuekeeW ves meke SkemeeWpeeW kes meeLe efkeS ieS meteerkejCe kejej kes Keb[ 49 (1) ([er) kes Devegmeej 31 ceee&, 2012 kees meceehle efJeeere Je<e& keer Deeeej mebefnlee kes Devegheeueve kes yeejs ceW heefleyelee oesnjeF& nw. en Deeeej mebefnlee yeQke keer JesyemeeF hej GheueyOe kejeF& ieF& nw. ke=les yeQke Dee@He ye[ewoe
DECLARAtiOn
Declaration of the Chairman and Managing Director pursuant to clause 49 (I) (D) of Listing Agreement with Stock Exchanges. It is to declare that all the Board Members and Senior Management Personnel of the Bank have affirmed their compliance of the Code of Conduct for the Financial Year Ended on 31st March, 2012 in accordance with clause 49 (I) (D) of the Listing Agreement entered into with the Stock Exchanges. The said Code of conduct has been posted on the Banks website. For Bank of Baroda
Sce. [er. ceuee DeOe#e SJeb HeyebOe efveosMeke mLeeve : cegbyeF& efoveebke : 08, ceF&, 2012
Place : Mumbai Date : 08th May, 2012
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keeheexjs ieJeveXme keer MeleeX kes Devegheeueve mes mebyebefOele uesKee hejer#ekeeW kee eceeCe-he$e
yeQke Dee@]He ye[ewoe kes meomeeW kes efueS
nceves yeQke Dee@]He ye[ewoe kes, me@ke SkemeeWpeeW kes meeLe meteerye kejves mebyebOeer kejej kes Keb[ 49 ceW efJeefvee|o keeheexjs ieJevexme MeleeX kes meboYe& ceW yeQke eje 31 ceee&, 2012 kees meceehle Je<e& kes efueS keeheexjs ieJevexme mebyebOeer Devegheeueve eqmLeefle keer peebe keer nw. keeheexjs ieJeveXme mebyebOeer MeleeX kee Devegheeueve kejvee heyebOeve kee oeefelJe nw. nceejer peebe, keeheexjs ieJeveXme mebyebOeer yeeOeleeDeeW kee Devegheeueve megefveeqele kejves nsleg yeQke eje Deheveeeer ieF& heefeeeDeeW Deewj keeee&vJeeve leke meerefcele Leer. en ve lees uesKee hejer#ee nw Deewj ve ner yeQke keer efJeeere efJeJejefCeeeW kes yeejs ceW nceeje DeefYecele nw. nce Deheveer jee leLee meJeexece peevekeejer leLee nceW efoS mheerkejCeeW kes DeeOeej hej heceeefCele kejles nQ efke yeQke ves Ghejese meteerye kejej ceW efJeefvee|o keeheexjs ieJeveXme mebyebOeer yeeOeleeDeeW kee Devegheeueve efkeee nw. nceeje en Yeer DeefYekeLeve nw efke Ge Devegheeueve kee DeefYeheee yeQke keer YeefJe<e keer me#ecelee kes heefle en keesF& Deeeemeve veneR nw Deewj ve ner en yeQke kes keee&keueeheeW kes mebeeueve ceW heyebOeve keer kegMeuelee SJeb heYeeJehetCe&lee kes yeejs ceW Deeeemeve nw.
ke=les efKecepeer kegbJejpeer SC[ keb. meveoer uesKeekeej SHeDeejSve: 105146 [yuet (ieewlece Meen) Yeeieeroej Sce. veb.: 117348
For Khimji Kunverji & Co Chartered Accountants FRN: 105146W (Gautam V. Shah) Partner M No.117348
ke=les yeeee SC[ keb. meveoer uesKeekeej SHeDeejSve: 000511 Sme (kes. efpeleW kegceej) Yeeieeroej Sce. veb.: 201825
For Brahmayya & Co. Chartered Accountants FRN: 000511S (K. Jitendra Kumar) Partner M No.201825
ke=les js SC[ js meveoer uesKeekeej SHeDeejSve: 301072 F& (S. Sve. esVesceeoer) Yeeieeroej Sce. veb.: 031004
For Ray & Ray Chartered Accountants FRN: 301072E (A. N. Yennemadi) Partner M. No. 031004
ke=les Sme kes. efceeue SC[ keb. meveoer uesKeekeej SHeDeejSve: 001135 Sve (ke=<Ce meHe) Yeeieeroej Sce. veb.: 010633
For S. K. Mittal & Co. Chartered Accountants FRN: 001135N (Krishan Sarup) Partner M. No. 010633
ke=les Sve.yeer.Sme. SC[ keb. meveoer uesKeekeej SHeDeejSve: 110100 [yuet (eoerHe pes Meser) Yeeieeroej Sce. veb.: 46940
For N. B. S. & Co. Chartered Accountants FRN: 110100W (Pradeep J. Shetty) Partner M No.46940
ke=les ue#ceerefveJeeme veerLe SC[ keb. meveoer uesKeekeej SHeDeejSve: 002460 Sme (oeeefveJeeme Mecee&) Yeeieeroej Sce. veb.: 216244
For Laxminiwas Neeth & Co. Chartered Accountants FRN: 002460S (Dayaniwas Sharma) Partner M No.216244
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send their consent by filling up and signing the perforated portion of this communication to our Registrars at their address given hereunder : M/S Karvy Computershare Private Ltd., (Unit: Bank of Baroda), Plot No.17 to 24, Near Image Hospital, Vittalrao Nagar, Madhapur, Hyderabad - 500 081, Phone No. 040 2342 0815 to 820 Fax No. 040 2342 0814 E-mail : einward.ris@karvy.com
Dear Sir, I/ We ______________________________ holding _________ shares of Bank of Baroda in physical form, intend to receive all communication from Bank of Baroda through our email ID given hereunder, as a part of Green Initiative under Corporate Governance of Bank of Baroda. Folio Number: _______________ Email ID: _______________ I/ We also undertake that the communication received through my/ our email ID will be treated as proper, legal and sufficient delivery of documents sent to us by Bank of Baroda. I/ We further undertake that we would not hold Bank of Baroda, any of its employees, Registrars or its employees, responsible in case the communication is not properly received at my/ our email ID due to any technical/ other failures.
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ke. ekeerkejCe kee esceJeke& yeQke Dee@]He ye[ewoe hej meesuees DeeOeej hej ueeiet neslee nw, pees efke mecetn ceW meJeexe yeQke nw. Ke. yeQke keer efvecveefueefKele Iejsuet leLee efJeosMeer oesveeW ekeej keer Deveg<ebefieeeb, meneeke FkeeFeeb leLee mebege Gece nQ : ece mebKee
Sr. no. i ii. iii. iv. v. vi. vii. viii. ix. x. xi. xii.
i.
a. b.
Scope of application
The framework of disclosures applies to Bank of Baroda, on solo basis, which is the top bank in the group. The Bank has following Subsidiaries, Associates and Joint ventures -- both domestic and foreign: Extent of ownership 98.57% 100.00% 100.00% 100.00% 80.00% 86.70% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
name of the subsidiary SUBSiDiARY (DOMEStiC) Nainital Bank Limited BOBCARDS Limited BOB Capital Market Limited SUBSiDiARY (FOREiGn) Bank of Baroda (U.K.) Ltd Bank of Baroda (Uganda) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (Guyana) Inc. Bank of Baroda (Botswana) Ltd. Bank of Baroda (Tanzania) Ltd. Bank of Baroda (Trinidad & Tobago) Ltd. Bank of Baroda (Ghana) Ltd Bank of Baroda (New Zealand) Ltd.
Deveg<ebieer (Iejsuet) vewveerleeue yeQke efueefces[ yee@yekee[&dme efueefces[ yee@ye kewefheue ceekex efueefces[ Deveg<ebieer (efJeosMeer) yeQke Dee@]He ye[ewoe (et.kes.) efueefces[ yeQke Dee@]He ye[ewoe (etieev[e) efueefces[ yeQke Dee@]He ye[ewoe (kesvee) efueefces[ yeQke Dee@]He ye[ewoe (iegeevee) Fbke. yeQke Dee@]He ye[ewoe (yeeslmJeevee) efueefces[ yeQke Dee@]He ye[ewoe (leb]peeefveee) efueefces[ yeQke Dee@]He ye[ewoe (ef$eefveoeo SC[ esyesiees) efueefces[ yeQke Dee@]He ye[ewoe (Ieevee) efueefces[ yeQke Dee@]He ye[ewoe (vetpeerueQ[) efueefces[
yeQke keer efvecveefueefKele Iejsuet leLee efJeosMeer meneeke FkeeFeeb Yeer nQ. ece mebKee
Sr. no. i ii
The Bank also has following Associates both domestic and foreign: name of the associate ASSOCiAtES (DOMEStiC) Baroda Pioneer Asset Management Company Limited Jhabua Dhar K G Bank Nainital Almora K G Bank Baroda Gujarat Gramin Bank Baroda Rajasthan Gramin Bank Baroda U P Gramin Bank ASSOCiAtE (FOREiGn) Indo Zambia Bank Limited 20.00% The Bank has following domestic Joint Venture. name of the Joint Venture Joint Venture (DOMEStiC) IndiaFirst Life Insurance Company Ltd. Joint Venture (FOREiGn) India International Bank (Malaysia) Bhd. Extent of ownership 44.00% 40.00% Extent of ownership 49.00% 35.00% 35.00% 35.00% 35.00% 35.00%
PeeyegDee Oeej #es$eere eeceerCe yeQke iii vewveerleeue Deucees[e #es$eere eeceerCe yeQke iv ye[ewoe iegpejele eeceerCe yeQke v ye[ewoe jepemLeeve eeceerCe yeQke vi ye[ewoe Gej eosMe eeceerCe yeQke meneeke FkeeFeeb (efJeosMeer) vii Fb[es ]peebefyeee yeQke efueefces[ yeQke kes efvecveefueefKele Iejsuet mebege Gece nQ. ece mebKee
Sr. no. i i
mebege Gece (Iejsuet) Fbef[eeHem& ueeFHe FbMeesjWme kebheveer efueefces[ mebege Gece (efJeosMeer) Fbef[ee FbjvesMeveue yeQke (ceuesefMeee) yeerSe[er.
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ie. Ie.
Yeejleere meveoer uesKeekeej mebmLeeve (DeeF&meerSDeeF&) kes uesKee ceeveob[ 21, 23 leLee 27 kes Devegmeej mecesefkele Keelee efJeJejCeer ceW eceMe: Deveg<ebefieeeW, meneeke FkeeFeeW leLee mebege GeceeW kees hetCe&le: mecesefkele efkeee ieee nw. efkemeer Deveg<ebieer kes ceeceues ceW hetbpeer keer keesF& keceer veneR nw. yeQke kee yeercee mebmLeeve ceW efvecve efJeJejCeevegmeej efnle Meeefceue nw. I. yeercee mebmLeeve ceW yeQke kes kegue efnle kee efJeeceeve yener cetue `182.88 kejes[. II. veece- FefC[ee Hem& ueeFHe FbMeesjWme kecheveer efueefces[. III. efveieefcele osMe - Yeejle. IV. mJeeefcelJe kes efnle kee Devegheele - 44%. yeQke ves Deheveer hetbpeer ceW mes `182.88 kejes[ Deenefjle kej Deheveer Mesej Oeeefjlee kes he ceW FefC[ee Hem& ueeFHe FbMeesjWme kecheveer efue. ceW efveJesMe efkeS nQ.
The Subsidiaries, Associates and Joint Ventures are consolidated in the Consolidated Statement of Accounts as per Accounting Standard 21, 23 and 27 respectively of Institute of Chartered Accountants of India (ICAI). c. There is no deficiency of capital in respect of any subsidiary. d. The Bank has interest in the Insurance entity as per the details given below. I. The current Book value of Banks total interest in the insurance entity Rs.182.88 crores. II. Name IndiaFirst Life Insurance Company Limited. III. Country of Incorporation India IV. The proportion of ownership interest 44% The bank has deducted the investment of Rs.182.88 crores from its capital in respect of its equity holding in IndiaFirst Life Insurance Company Limited.
ii.
hetbpeeriele {ebee
ii . Capital structure
a. The Tier-I capital of the Bank consists of equity capital, Innovative Perpetual Debt Instrument (IPDI) and various types of reserves. The Tier-II capital consists of Revaluation Reserves (discounted as per provisions of RBI), General Loss Reserve and Provisions on Standard Assets, Upper Tier II Capital and Lower Tier II capital. Upper Tier II capital also consists of MTN Bonds issued in overseas market. The terms of unsecured redeemable debts are as under: Upper tier 2 Capital:
ke. yeQke keer efej - I hetbpeer ceW Mesej hetbpeer, veJeesvces<eer yesceereeoer $e+Ce efueKele leLee efJeefYeVe ekeej keer eejef#ele efveefOeeeb Meeefceue nQ. efej - II hetbpeer ceW hegvecet&ueebkeve efveefOeeeb (Yeejleere efj]peJe& yeQke kes eeJeOeeveeW kes Devegmeej ef[mkeeGCs[), meeceeve neefve efveefOe, ceeveke DeefmleeeW hej eeJeOeeve, Ge efej - II leLee efvecve efej - II hetbpeer Meeefceue nQ. Ge efej II hetbpeer ceW efJeosMeer yeepeej ceW peejer SceerSve yee@C[ Yeer Meeefceue nQ. yespeceeveleer eefleose $e+CeeW keer DeJeefOe Fme ekeej nw : Ge efej 2 hetbpeer : e=bKeuee e=Kebuee VII e=Kebuee VIII e=Kebuee IX e=Kebuee XI e=Kebuee XII e=Kebuee XIII e=Kebuee XIV e=Kebuee XV SceerSve efej II yee@C[ (efJeosMeer)
Series Series VII Series VIII Series IX Series XI Series XII Series XIII Series XIV Series XV MTN Tier II Bonds (Overseas) interest Rate (%) 9.30 9.30 9.15 8.38 8.54 8.48 8.48 8.52 6.625
yeepeoj
Amount in ` Crs. 500.00 1000.00 1000.00 500.00 500.00 500.00 500.00 500.00 1526.25
kegue TOTAL eqvecve efej 2 hetbpeer e=Kebuee e=Kebuee IV e=Kebuee V e=Kebuee VI e=Kebuee X
Series Series IV Series V Series VI Series X interest Rate (%) 5.85 7.45 8.95 8.95 Lower tier 2 Capital:
6526.25
yeepeoj
kegue TOTAL
2490.00
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the tier 1 capital of the bank is as under: ( jeefMe kejes[ . ceW Amount in ` Crore)
kegue efej - i hetbpeer efpemeceW mes eoe Mesej hetbpeer hegvecet&ueebkeve eejef#ele efveefOeeeW kes DeueeJee eejef#ele efveefOeeeb veJeesvces<eer yesceereeoer $e+Ce efueKele keewefleeeb hee$e efej I hetbpeer
28214.87
ii iii iv v vi
ii
iii Reserves excluding revaluation reserves iv Innovative Perpetual Debt Instrument v Deductions
ie. Ie.
yeQke keer kegue efej 2 hetbpeer (efej 2 hetbpeer ceW mes Meg keewleer) 9731.16 kejes[ heS nw. Ge efej 2 hetbpeer ceW meceeJesMeve kes efueS hee$e $e+Ce hetbpeer efueKeleW Fme ekeej nQ:
The Total amount of Tier 2 capital of the bank (net of deduction from tier 2 capital) is Rs. 9731.16 Crore. The debt capital instruments eligible for inclusion in Upper Tier 2 capital are: (kejes[ . ceW Rs. in Crores) 6526.25 0.00 6526.25
yekeeee kegue jeefMe efpemeceW mes eeuet Je<e& kes oewjeve JeefOe&le jeefMe hetbpeeriele efveefOeeeW kes he ceW ieCevee keer peeves Jeeueer hee$e jeefMe *.
Total amount outstanding Of which amount raised during the current year Amount eligible to be reckoned as capital funds e.
efvecve efej 2 hetbpeer ceW meceeJesMeve kes efueS hee$e ieewCe $e+Ce hetbpeer efueKeleW Fme ekeej nQ :
Subordinated debt capital instruments eligible for inclusion in Lower Tier 2 capital are: (kejes[ . ceW Rs. in Crores) 2490.00 0.00 1818.00
yekeeee kegue jeefMe efpemeceW mes eeuet Je<e& kes oewjeve JeefOe&le jeefMe hetbpeeriele efveefOeeeW kes he ceW ieCevee keer peeves Jeeueer hee$e jeefMe e.
Total amount outstanding Of which amount raised during the current year Amount eligible to be reckoned as capital funds f.
hetbpeer heee&hlelee keer ieCevee kes efueS efej I Deewj efej II hetbpeer ceW mes efvecveevegmeej keewleer keer ieF& nw. keewleer kee mJehe Deve Deieesej Deeeqmleeeb (cesceve keesDee@hejsefJe yew bke keer Deeeqmle SJeb oseleeDeesb kees ske DeesJej kejves hej Ieee) Deveg<ebefieeeW/mebege Gece/meneesieer FkeeFeeW ceW efveJesMe kegue
For computation of Capital Adequacy, deductions as under have been done from Tier I and Tier II capital: (kejes[ . ceW Rs. in Crores)
ece mebKee
Sr. no.
nature of Deduction
efej i mes keewleer efej ii mes keewleer Deduction from tier i Deduction from tier ii
1.
Other intangible Assets (Deficit on account of take over of assets & liabilities-Memon CoOperative Bank Ltd.) Investment in subsidiaries/ JV / Associates Total
99.49
0.00
2. 3.
617.47 716.96
617.47 617.47
127
2011-12
g.
The total eligible capital comprises of: (kejes[ . ceW Rs. in Crores)
hetbpeer heee&hlelee
ke. yeQke peceekelee&DeeW leLee meeceeve $e+CeoeleeDeeW kees DeeleeefMele neefveeeW mes megjef#ele jKeves kes efueS Skemehees]pejeW, JeJemeee Fleeefo kes cetue ceW neefve kes peesefKece mes yeeeJe kes efueS hebtpeer keer JeJemLee jKelee nQ, yeQke kes heeme efveeeceke leLee DeeefLe&ke hetbpeer oesveeW kes efueS Skeerke=le peesefKece / hetbpeer cee@[ue leweej kejves nsleg Ske megheefjYeeef<ele Deebleefjke hetbpeer heee&hlelee efveOee&jCe eefeee (DeeF&meerSSheer) veerefle nw leeefke meYeer peesefKeceeW SJeb Gefele hetbpeer Deeyebve kees Jeeheke he mes cetueebefkele efkeee pee mekes. Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yeQke ves Deefece peesefKece, heefjeeueve peesefKece kes efueS DeeOeejYetle mebkesleke heefle leLee meerDeejSDeej keer ieCevee kes efueS yeepeej peesefKece nsleg ceevekeerke=le DeeJeefOeke heefle Deheveeeer nw. hetbpeeriele DeeJeMekelee DeeefLe&ke HeefjJesMe, efveeeceke ]pejleeW leLee yeQke keer ieefleefJeefOeeeW mes nesves Jeeues peesefKece mes eYeeefJele nesleer nw. yeQke keer hetbpeeriele Deeeespevee kee GsMe DeeefLe&ke heefjefmLeefleeeW kes heefjJele&ve kes mecee, eneb leke efke DeeefLe&ke ceboer kes oewj ceW Yeer, hetbpeer heee&hlelee kees megefveefMele kejvee nw. hetbpeeriele Deeeespevee keer eefeee ceW yeQke efvecveefueefKele keer meceer#ee kejlee nw:
yeQke keer ceewpetoe hetbpeeriele DeeJeMekelee. keejesyeej jCeveerele, veerele leLee peeseKece eJe=ee kes meboYe& ceW ueef#ele leLee f f f f OeejCeere hetpeer b YeefJe<e keer hetbpeeriele Deeeespevee Deieues leerve Je<e& kees Oeeve ceW jKekej keer peeleer nw.
Current capital requirement of the bank The targeted and sustainable capital in terms of business strategy, policy and risk appetite. The future capital planning is done on a three-year outlook.
hebpeeriele eespevee kees Jeeef<e&ke DeeOeej hej mebMeeseOele efkeee peelee nw. yeQke keer t f veerele Deebleefjke hetpeer heee&hlelee cetueebkeve veerele (vetvelece 12% hetpeer heee&hlelee f b f b Devegheele ee mecee-mecee hej yeQke kes efveCe&eevegmeej) ceW efveOee&ejle hetpeer kees f b yeveeS jKevee nw, Fmekes meeLe ner yeQke keer veerele YeefJe<e ceW keejesyeej Je=e f f kes efueS hetpeer kees yeveees jKevee nw leeefke DeeJeMeke vetvelece hetpeer kees melele b b DeeOeej hej yeveeS jKee pee mekes. Devegceeve kes DeeOeej hej yeQke Deheves efveosMeke ceb[ue kes Devegceesove mes efej - I ee efej - 2 ceW hetpeer mebie=nerle kejlee b nw. yeQke kes efveosMeke ceb[ue eje efleceener DeeOeej hej yeQke keer hetpeer heee&hlelee b efmLeefle keer meceer#ee keer peeleer nw Deewj Gmes Yeejleere efjpeJe& yeQke kees Yeer emlegle ] efkeee peelee nw. Ke) 31.03.2012 leke yeQke kes peesefKece Yeeefjle DeeefmleeeW (Deej[yueetS), vetvelece hetbpeeriele DeeJeMekelee leLee JeemleefJeke hetbpeer heee&hlelee keer efmLeefle efvecveevegmeej nw:
b.
The capital plan is revised on an annual basis. The policy of the bank is to maintain capital as prescribed in the ICAAP Policy (minimum 12% Capital Adequacy Ratio or as decided by the Bank from time to time). At the same time, Bank has a policy to maintain capital to take care of the future growth in business so that the minimum capital required is maintained on continuous basis. On the basis of the estimation bank raises capital in Tier-1 or Tier-2 with due approval of its Board of Directors. The Capital Adequacy position of the bank is reviewed by the Board of the Bank on quarterly basis and the same is submitted to RBI also. The position of Banks Risk Weighted Assets (RWA), Minimum Capital requirement and Actual Capital Adequacy as on 31.03.2012 are as under:
128
2011-12
(i) $e+Ce peesefKece : $e+Ce peesefKece kes mebyebOe ceW ceevekeerke=le heefle kes DeOeOeerve mebefJeYeeie eefleYetleerkejCe Skeheespej (Deej [yuet S) $e+Ce peesefKece ceW kegue peesefKece Oeeefjle Deeefmleeeb Deej[yuetS kes 9.00% keer oj mes $e+Ce peesefKece kes efueS vetvelece hetbpeeriele DeeJeMekelee (ii) yeepeej peesefKece :
(i) credit risk : Portfolios subject to standardised approach in respect of credit risk Securitisation exposures (RWA) Total RWAs in Credit Risk Minimum Capital Requirement for Credit Risk @9.00% of the RWAs (ii) market risk :
Interest rate risk (RWA) yeepe oj peesefKece (Deej [yuet S) Foreign exchange risk (including gold) (RWA) efJeosMeer cege efJeefvecee peesefKece (mJeCe& meefnle) (Deej [yuet S) Equity risk (RWA) FefkeJeer peesefKece (Deej [yuet S) Total RWAs in respect of Market Risk yeepeej peesefKece kes mebyebOe ceW kegue Deej [yuet S Minimum Capital Requirement for Market Risk Deej [yuet S kes 9.00% keer oj mes yeepeej peesefKece kes @9.00% of the RWAs efueS vetvelece hetbpeeriele DeeJeMekelee (iii) operational risk : (iii) heefjeeueve peesefKece : Basic indicator approach (RWA) DeeOeejYetle mebkesleke heefle (Deej [yuet S) Minimum Capital Requirement for Operational Deej [yuet S, kes 9.00% keer oj mes heefjeeueve peesefKece kes Risk @9.00% of the RWAs efueS vetvelece hetbpeeriele DeeJeMekelee (iv) total RWA, Capital & CRAR (iv) kegue Deej [yuet S, hetbpeer SJeb meerDeejSDeej Total RWAs in respect of Credit, Market & $e+Ce, yeepeej leLee heefjeeueve peesefKece kes efueS kegue operational Risk Deej [yuet S Minimum Capital Requirement for Credit Deej [yuet S kes 9.00% keer oj mes $e+Ce, yeepeej leLee Market & Operational Risk @9.00% of the heefjeeueve peesefKece kes efueS vetvelece hetbpeeriele DeeJeMekelee RWAs
14396.44 1295.68
253733.75 22836.04
(v) JeemleefJeke efmLeefle hee$e efej I hetbpeer hee$e efej II hetbpeer kegue hee$e hetbpeer yeQke Dee@He ye[ewoe kes efueS kegue hetbpeeriele Devegheele meerDeejSDeej kegue Deej [yuet S kes efueS efej I hetbpeer kegue Deej [yuet S kes efueS efej II hetbpeer
iV.
$e+Ce peesefKece kes meboYe& ceW meeceeve ekeerkejCe ke. yeQke keer $e+Ce DeeefmleeeW kees Jeieeake=le kejves kes efueS yeQke keer efvecveefueefKele veerefle nw : iewj efve<heeoke Deeefmleeeb (SveheerS) : iewj efve<heeoke Deeefmleeeb (SveheerS) Ske Ssmee $e+Ce ee Deefece nw peneB i. ceereeoer $e+Ce kes meboYe& ceW 90 efove mes DeefOeke keer DeJeefOe kes efueS cetueOeve kee yeepe leLee / ee efkemle. Deefleose nes peeleer nw. ii. DeesJej [^eHe / vekeo GOeej (Dees [er / meer meer) kes mebyebOe ceW Keelee Deefveeefcele jnlee nw. iii. Kejeros ieS leLee yeeke=le efyeue 90 efoveeW mes DeefOeke keer DeJeefOe kes efueS yekeeee Deefleose jnles nQ.
129
2011-12
iv. DeuheeJeefOe HemeueeW kes efueS oes Hemeueer ceewmeceeW nsleg cetue jeefMe keer
efkemle DeLeJee Gme hej yekeeee yeepe Deefleose nes peelee nw.
v.
uecyeer DeJeefOe keer HemeueeW kes efueS Ske Hemeueer ceewmece nsleg cetue jeefMe keer efkemle DeLeJee Gme hej yekeeee yeepe Deefleose nes peelee nw.
efkemeer Yeer Keeles kees Deefveeefcele Keeles kes he ceW ceevee peeSiee eefo Keeles ceW mJeerke=le meercee / DeenjCe meercee mes DeefOeke jeefMe 90 efove mes DeefOeke yekeeee jnleer nes. Ssmes ceeceueeW ceW, peneB cetue heefjeeueveiele Keeles ceW yekeeee Mes<e mJeerke=le meercee / DeenjCe meercee mes kece jnlee nes uesefkeve peneb legueve-he$e keer leejerKe kees efvejvlej he mes 90 efoveeW kes efueS DeLeJee Gmeer DeJeefOe kes oewjeve veeces efkeS ieS yeepe keer Jemetueer nsleg pecee jeefMe Mes<e veneR nes lees Ssmes KeeleeW kees Deefveeefcele Keeles keer esCeer ceW ceevee peeesiee. efkemeer Yeer $e+Ce megefJeOee kes Devleie&le yeQke kees ose efkemeer Yeer Ssmeer jeefMe kees Deefleose ceevee peeesiee eefo en yeQke eje efveOee&efjle keer ieF& ose leejerKe kees Deoe veneR keer peeleer nw.
iewj efve<Heeoke efveJesMe (Sve Heer DeeF&) eefleYetefleeeW kes mebyebOe ceW peneB yeepe/cetueOeve yekeeee nw, yeQke eefleYetefleeeW Hej Deee keer ieCevee veneR kejlee nw leLee efveJesMe kes cetue ceW cetueeme kes efueS mecegefele eeJeOeeve kejlee nw. iewj efve<Heeoke efveJesMe (SveHeerDeeF&) pees iewj efve<Heeoke Deefece (SveHeerS) kes meceeve ner nw, Gmes kenles nQ peneB: (i) yeepe / efkemle (HeefjHekeJe eeeqHleeeW meefnle) ose nw Deewj 90 efoveeW mes DeefOeke mecee leke Deoe jnlee nw.
(ii)
en DeefOeceeve MesejeW Hej peneB efveOee&efjle ueeYeebMe kee Yegieleeve venerb efkeee ieee nw, DeeJeMeke HeefjJele&veeW meefnle ueeiet neslee nw. FeqkeJeer MesejeW kes ceeceues ceW, peneB efkemeer kebHeveer kes MesejeW kes efveJesMe kejves Hej cetue eefle kebHeveer 1/- hees efkeee ieee nw. Yeejleere efj]peJe& yeQke kes efveosMeeW kes Devegmeej Deeleve legueve He$e keer DevegHeueyOelee kes keejCe Gve FeqkeJeer Mesejesb keer ieCevee Yeer SveHeerDeeF& kes He ceW keer peeleer nw. eefo efveie&cekelee& eje eeHle keer ieF& keesF& $e+Ce megefJeOee yeQke keer yeefneeW ceW SveHeerS nw lees Gme efveie&cekelee& eje peejer keer ieF& efkemeer Yeer eefleYetefle ceW efveJesMe kees SveHeerDeeF& leLee efJeueescele: ceevee peeSiee.
(iii)
(iv)
ef[yeWej / yeeb[ ces efveJesMe pees efke Deefece kes He ceW ceeves peeles nQ, efveJesMe Hej ueeiet nesves Jeeues SveHeerDeeF& ceeveob[ kes DeOeOeerve nQ. yeQke keer iewj efve<Heeoke DeefmleeeW kees Deeies efvecveefueefKele -3- esefCeeeW ceW Jeieer&ke=le efkeee ieee nw. DeJeceeveke Deeefmleeeb DeJeceeveke Deeefmle mes DeefYeeee, Ssmeer Deefmle mes nw pees efke 12 cenerveeW keer DeJeefOe mes kece DeLeJee Gme kes mecelegue DeJeefOe kes efueS iewj efve<heeoke Deeefmle jner nes. mebefoiOe Deeefmleeeb efkemeer Yeer Deeefmle kees, 12 cenerveeW kes efueS DeJeceeveke esCeer ceW yeves jnves keer efmLeefle ceW Gmes mebefoiOe kes he ceW Jeieeake=le efkeee peeesiee. neefve Jeeueer Deeefmleeeb neefve Jeeueer Deeefmle mes DeefYeeee Ssmeer Deeefmle mes nQ peneb neefve yeQke DeLeJee Deebleefjke DeLeJee yeee uesKee hejer#ekeeW DeLeJee Yeejleere efjpeJe& yeQke kes efvejer#eCe eje helee eueer nes. neefve Jeeueer DeeefmleeeW ceW GheueyOe eefleYetele kee Jemetueer eesie f
(v)
The installment of principal or interest thereon remains overdue for two crop seasons for short duration crops, V. The installment of principal or interest thereon remains overdue for one crop season for long duration crops. An OD/CC account is treated as 'out of order' if the outstanding balance remains continuously in excess of the sanctioned limit/drawing power for more than 90 days. In cases where the outstanding balance in the principal operating account is less than the sanctioned limit/drawing power, but there are no credits continuously for 90 days as on the date of Balance Sheet or credits are not enough to cover the interest debited during the same period, these accounts are treated as 'out of order'. Any amount due to the bank under any credit facility is overdue if it is not paid on the due date fixed by the bank. non Performing investments (nPi) In respect of securities, where interest/principal is in arrears, the Bank does not reckon income on the securities and makes appropriate provisions for the depreciation in the value of the investment. A non-performing investment (NPI), similar to a nonperforming advance (NPA), is one where: (i) Interest/ installment (including maturity proceeds) is due and remains unpaid for more than 90 days. (ii) This applies mutatis-mutandis to preference shares where the fixed dividend is not paid. (iii) In the case of equity shares, in the event the investment in the shares of any company is valued at Re.1 per company on account of the non-availability of the latest balance sheet in accordance with the Reserve Bank of India instructions, those equity shares are also reckoned as NPI. (iv) If any credit facility availed by the issuer is NPA in the books of the bank, investment in any of the securities issued by the same issuer is treated as NPI and vice versa. (v) The investments in debentures / bonds which are deemed to be in the nature of advance are subjected to NPI norms as applicable to investments. non Performing Assets of the Bank are further classified in to three categories as under: Sub standard Assets A sub standard asset is one which has remained NPA for a period less than or equal to 12 months. Doubtful Assets An asset would be classified as doubtful if it has remained in the sub standard category for 12 months. Loss Assets A loss asset is one where loss has been identified by the bank or by internal or external auditors or the RBI inspection. In loss assets realizable value of security available is less than 10% of balance outstanding/ dues.
IV.
130
2011-12
Ke. keee&veerefle SJeb eefeeeSb yeQke keer, $e+Ce peeseKece eyebOeve kes cenlJehetCe& #es$eeW kees Meeefceue kejles ngS hetCe& he f mes heefjYeeef<ele $e+Ce veerele SJeb efveJesMe veerele nw, pees efke efvecveevegmeej nw : f f DeLe&JeJemLee kes efJeefYeVe #es$eeW ceW Skemeheespej ($e+Ce) meerceeSb, $e+efCeeeW kes efJeefYeVe ekeej Deewj Gvekes ieghe SJeb Geesie $e+Ce efJelejCe ceW Gefele JeJenej mebefnlee yeQke ceW efJeefYeVe mlejeW kes eeefOekeeefjeeW kes efueS $e+Ce eoeve kejves mebyebOeer efJeJeskeeefOekeej $e+Ce efJelejCe eefeee- mJeerke=efle hetJe& efvejer#eCe, j kejvee, cetueebkeve, mJeerke=efle, omleeJespeerkejCe, ceeveerefjbie Deewj Jemetueer Deeefo kes mebyebOe ceW eefeeeSb cetue efveOee&jCe ie. yeQke kee $e+Ce peesefKece oMe&ve, mebjevee Deewj eCeeueer efvecveevegmeej nw $e+Ce peesefKece oMe&ve peesefKece eyebOeve Fme ekeej efkeee peeS efke yeQke kes mebmeeOeveeW keer megj#ee, keeheexjs Je=ef SJeb mece=ef megefveefMele kejves kes meeLe Mesej OeejkeeW kes DeeefLe&ke cetue ceW ye{esejer nes leLee meYeer efnle OeejkeeW kes efnle mebjef#ele neW. yeQke Deheves efJeeere mebmeeOeveeW kees eefceke he mes megJeJeefmLele Deewj keejiej yeveeesb leeefke efJeefYeVe ewveueeW kees hejmhej pees[e pee mekes leLee yeQke kes meeceeve ue#eeW Deewj GsMeeW keer eeefhle keer pee mekes. DeLe&JeJemLee keer efJeefYeVe je^ere eeLeefcekeleeDeeW kees eespeveeye {bie mes hetje kejves kes efueS mebmLeeiele efJee kes DeefYeefveeespeve eje DeLe&JeJemLee kes efJeefYeVe Glheeoke #es$eeW ceW eespeveeye {bie mes ue#e eehle efkeS peeSb. GeceJeej $e+Ce mebmke=efle efJekeefmele kejvee Deewj heefjeeueve me@He kees meneesie eoeve kejvee. efJeefYeVe $e+Ceer JeieeX kees DeeJeMekelee hej DeeOeeefjle Deewj mecee hej $e+Ce megefJeOee GheueyOe kejJeevee. mJeerke=eflehetJe&, mJeerke=efle Ghejeble ceeefveefjbie, hee&Jes#eCe Deewj DevegJeleea keoce G"eles ngS $e+Ce eyebOeve keewMeue kees eYeeJeer yeveevee leeefke yeQke ceW keejiej $e+Ce mebmke=efle efJekeefmele keer pee mekes leLee $e+Ce mebefJeYeeie kees iegCeJeee ege yeveeee pee mekes. iegCeJeee cetueebkeve SJeb lelhejlee kes meeLe efJemle=le ceeie&efveosMeeW keer hetCe& Devegheeueve DeefOeke eYeeJehetCe& {bie mes kejles ngS $e+Ce emleeJeeW hej keee&Jeener kejvee. eqJeefYeVe efJeefveeeceke DeeJeMekeleeDeeW efJeMes<e he mes Yeejleere efjpeJe& yeQke / Deve eeefOekeeefjeeW, SkemeHeespej ceeveob[eW, eeLeefcekelee eehle #es$e kes ceeveob[eW, Deee heneeve Deewj Deeefmle JeieeakejCe ceeie&efveoxMe, hetbpeer heee&hlelee, $e+Ce peesefKece eyebOeve ceeie&efveoxMeeW Deeefo keer Devegheeuevee kejvee. yeQke keer mebjevee Deewj eCeeefueeeb yeQke ceW peesefKece eyebOeve keee&keueeheeW keer osKejsKe leLee mecevJee keeeex kes efueS yees[& eje efveosMekeeW keer Ske Ghemeefceefle kee ie"ve efkeee ieee nw. $e+Ce veerefleeeW meefnle efJeefYeVe $e+Ce peesefKece veerefleeeW kees leweej kejves Deewj Gve kee efeeevJeeve megefveefMele kejves, $e+Ce eoeve kejves mebyebOeer
c.
Strategies and Processes The bank has a well defined Loan Policy & Investment Policy covering the important areas of credit risk management as under: Exposure ceilings to different sectors of the economy, different types of borrowers and their group and industry Fair Practice Code in dispensation of credit Discretionary Lending Powers for different levels of authority of the bank Processes involved in dispensation of credit presanction inspection, rejection, appraisal, sanction, documentation, monitoring, and recovery. Fixation of pricing. the Credit Risk philosophy, architecture and systems of the bank are as under Credit Risk Philosophy To optimize the risk and return envisaged in order to see that the Economic Value Addition to Shareholders is maximized and the interests of all the stakeholders are protected alongside ensuring corporate growth and prosperity with safety of banks resources. To regulate and streamline the financial resources of the bank in an orderly manner to enable the various channels to incline and achieve the common goal and objectives of the Bank. To comply with the national priorities in the matter of deployment of institutional finance to facilitate achieving planned growth in various productive sectors of the economy. To instill a sense of credit culture enterprise-wide and to assist the operating staff. To provide need-based and timely availability of credit to various borrower segments. To strengthen the credit management skills namely pre-sanction, post-sanction monitoring, supervision and follow-up measures so as to promote a healthy credit culture and maintain quality credit portfolio in the bank. To deal with credit proposals more effectively with quality assessment, speedy delivery, in full compliance with extant guidelines. To comply with various regulatory requirements, more particularly on Exposure norms, Priority Sector norms, Income Recognition and Asset Classification guidelines, Capital Adequacy, Credit Risk Management guidelines etc. of RBI/other Authorities. Architecture and Systems of the Bank: A Sub-Committee of Directors has been constituted by the Board to specifically oversee and co-ordinate Risk Management functions in the bank. Credit Policy Committee has been set up to formulate and implement various credit risk strategy including lending policies and to monitor Banks Enterprisewide Risk Management function on a regular basis.
131
2011-12
Ie.
[.
Geesie
veerefleeeW Deewj yeQke keer GeceJeej peesefKece eyebOeve keeeex keer efveeefcele osKejsKe kejves kes efueS $e+Ceveerefle meefceefle kee ie"ve efkeee ieee nw. $e+Ce emleeJeeW kes ceevekeeW, efJeeere emebefJeoeDeeW, jsefbie ceevekeeW leLee yeWeceeke& kes mebyebOe ceW ceeveke veerefleeeb leweej kejvee. $e+Ce peesefKece eyebOeve ke#e efveOee&efjle meerceeDeeW kes lenle heneeve, mlej, osKejsKe leLee $e+Ce peesefKece efveeb$eCe mebyebOeer keee& osKeles nQ. yees[& / efveeecekeeW Deeefo eje leweej efkeS ieS peesefKece ceeveob[ leLee mebYeeJevee meerceeDeeW kees ueeiet kejvee leLee Gvekee Devegheeueve megefveefMele kejvee. peesefKece cetueebkeve eCeeefueeeW kees leweej kejvee, Sce DeeF& Sme kee efJekeeme kejvee Deewj $e+Ce mebefJeYeeie keer iegCeJeee keer osKejsKe, mecemeeDeeW keer heneeve, keceer kees hetje kejvee. mebefJeYeeie cetueebkeve kejvee, DeLe&JeJemLee, Geesie hej legueveelceke efJeJesevee leweej kejvee, $e+Ce mebefJeYeeie hej ueeeruesheve kee hejer#eCe kejvee. leweej efkeS ieS efveeceeW Deewj ceeie& efveoxMeeW keer hetCe& he mes Devegheeuevee kes efueS $e+Ce meghego&ieer eCeeueer ceW megOeej ueevee. peeseKece efjheexeie keer mebYeeJeveeSb Je eke=efle Deewj/DeLeJee Deekeueve heefle f f b yeQke kes heeme Deheves $e+Ce peesefKece kes efueS ke[er $e+Ce peesefKece jsefbie eCeeueer GheueyOe nw. $e+Ce peesefKeceeW kees kece kejves kes eYeeJeer Gheeeesb ceW efkemeer Yeer Deeefmle efJeMes<e ceW peesefKece keer mebYeeJeveeDeeW kee helee ueieevee, meg{ Deeefmle iegCeJelee osKejsKe, yeQke keer mecee keee&veerefle Deewj $e+Ceveerefle kes Deveghe Dehesef#ele peesefKece efjve& ceeveob[eW kees hetje kejves kes efueS DeeefmleeeW keer keerceleeW kees ueeeruee yeveevee Meeefceue nw. yeQke keer ke[er $e+Ce peeseKece jseie eCeeueer Devleje&ee mlej hej Deheveees pee f f b ^r jns mJehe Deewj efJee keer cenlJehetCe& eefeeeDeeW hej DeeOeeefjle nw Deewj en yeQke kees $e+Ce DeeefmleeeW ceW etke keer mebYeeJeveeDeeW kee efveOee&jCe kejves leLee etke keer iebYeerjlee kee helee ueieeves ceW meneesie kejleer nw Deewj Fme ekeej en eCeeueer yeQke kees heefle efvecee&Ce leLee Deeefmle iegCeJeee kees yejkejej jKeves ceW ceoo kejleer nw. $e+Ce peesefKece kes mebyebOe ceW cee$eelceke ekeerkejCe efvecceevegmeej nQ:
industry (i)
d.
e.
Formulating policies on standards for credit proposals, financial covenants, rating standards and benchmarks. Credit Risk Management cells deal with identification, measurement, monitoring and controlling credit risk within the prescribed limits. Enforcement and compliance of the risk parameters and prudential limits set by the Board/regulator etc., Laying down risk assessment systems, developing MIS, monitoring quality of loan portfolio, identification of problems and correction of deficiencies. Evaluation of Portfolio, conducting comprehensive studies on economy, industry, test the resilience on the loan portfolio etc., Improving credit delivery system upon full compliance of laid down norms and guidelines. The Scope and Nature of Risk Reporting and / or Measurement System The Bank has in place a robust credit risk rating system for its credit exposures. An effective way to mitigate credit risks is to identify potential risks in a particular asset, maintain a healthy asset quality and at the same time impart flexibility in pricing assets to meet the required risk-return parameters as per the banks overall strategy and credit policy. The banks robust credit risk rating system is based on internationally adopted frameworks and global best practices and assists the bank in determining the Probability of Default and the severity of default, among its loan assets and thus allows the bank to build systems and initiate measures to maintain its asset quality. The Quantitative Disclosures in respect of Credit Risk are as under: 31.03.2012 kees As on 31.03.2012 ( Mes<e jeefMe kejes[ . ceW Balance Amount in Rs. Crores)
Fund based non Fund Based Total gross credit risk outstanding balance (global) 291007.34
efveefOe DeeOeeefjle
iewjefveefOe DeeOeeefjle
total
kegue
51027.99 342035.33
Mes<e (Jewefeke) (ii) yekeeee Mes<e kee Yeewieesefueke efJelejCe 1. Iejsuet efJeosMeer 2. (iii) yekeeee Mes<e kee Geesie kes he ceW efJelejCe (Iejsuet) Geesie keeseuee Keveve ueewn SJeb Fmheele Deve Oeeleg SJeb Oeeleg Glheeo
(ii) Geographic distribution of outstanding balance 1. Domestic 2. Overseas (iii) Industry distribution of outstanding balance (Domestic) Industry COAL MINING IRON & STEEL OTHER METALS & METAL PRODUCT ALL ENGINEERING
205453.59 85553.75
meYeer Fbpeerefveeefjbie
132
2011-12
Geesie
Fund based non Fund Based 1215.98 6800.47 3906.07 144.43 5654.79 797.64 25.22 2570.71 566.15 303.38 1352.24 572.75 6843.36 ELECTRICITY (TRANS. & DISTR.) COTTON TEXTILES JUTE TEXTILES OTHERS TEXTILES SUGAR TEA FOOD PROCESSING VEGETABLE OILS (INCL.VANASPA TOBACCO & TOBACCO PRODUCTS PAPER & PAPER PRODUCTS RUBBER & RUBBER PRODUCTS CHEMICALS,DYES,PAINTS & PHAR OF WHICH : FERTILIZERS PETRO-CHEMICALS DRUGS & PHARMACEUTICALS CEMENT LEATHER & LEATHER PRODUCTS GEMS & JEWELLERY CONSTRUCTION PETROLEUM AUTOMOBILES INCLUDING TRUCKS COMPUTER SOFTWARE INFRASTRUCTURE OF WHICH:
efveefOe DeeOeeefjle
iewjefveefOe DeeOeeefjle
376.91 491.63 412.00 41.48 1360.74 5.90 2.99 209.23 1807.71 181.35 303.56 85.31 2823.07
total
kegue
efpemeceW mes Fueske^e@efvekeme efJeegle (pesvejsMeve SJeb ^ebmeefceMeve) kee@ve skemeeFume pet skemeeFume Deve skemeeFume eerveer eee Het[ eesmesefmebie Jesefpesyeue Dee@eue (Jevemheefle meefnle) lecyeeket SJeb lecyeeket Glheeo keeiepe SJeb keeiepe Glheeo jye[ SJeb jye[ Glheeo kesefcekeue, [eF& heWme SJeb Heecee&. efpemecesb mes Heef&ueeFpeme& hes^es kesefcekeume [^ie SJeb Heecee&metefkeume meerceW uesoj SJeb uesoj Glheeo pescme SJeb pJesuejer efvecee&Ce hes^esefueece ^ke meefnle Dee@esceesyeeFue kechetj mee@HeJesej DeeOeejYetle megefJeOeeSB efpemecesb mes Tpee& (GlHeeove) otj mebeej me[ke yebojieen Deve DeeOeejYetle megefJeOeeSb iewj yeQefkebie efJeeere kecheefveeeb ^sef[bie Deve Geesie efpemeceW mes :
1592.89 7292.10 4318.07 185.91 7015.53 803.54 28.21 2779.94 2373.85 484.73 1655.79 658.06 9666.43
612.85 918.73 2265.23 1095.15 378.04 1148.06 4764.36 3832.23 2012.13 101.04 22451.50 7501.22 5824.84 4961.88 1658.34 2505.21 12705.94 8784.96 5364.97
1522.92 82.44 452.38 262.82 88.48 114.35 912.21 192.31 548.44 667.44 5152.26 2643.11 689.91 1134.84 29.56 654.84 39.72 5979.73 2204.63 3.05 127.45 186.11 697.20
2135.76 1001.18 2717.60 1357.97 466.52 1262.41 5676.58 4024.54 2560.56 768.48 27603.76 10144.34 6514.75 6096.72 1687.90 3160.06 12745.66 14764.69 7569.60 280.22 605.05 970.05 2845.84
POWER (GENERATION) TELECOMMUNICATION ROADS PORTS OTHER INFRASTRUCTURE NBFCs TRADING OTHER INDUSTRIES
kegue
TOTAL
33604.25 145508.49
133
2011-12
GeesieeW ceW $e+Ce Skemehees]pej, peneb yekeeee Skemehees]pej yeQke kes kegue Iejsuet $e+Ce Skemehees]pej kes 5% mes DeefOeke nw, Fme ekeej nw, ece mebKee Geesie
industry
Credit exposure in industries where out standing exposure is more than 5% of the total domestic credit exposure of the bank are as follows:
Sr no 1
2 3
^sef[bie Trading ueewn Deewj Fmheele Iron and Steel SveyeerSHemeer NBFC
f.
e.
meceeeJeefOe
total (A)
Domestic
kegue (yeer)
Iejsuet
kegue (meer)
total (C )
kegue Deeefmleeeb
eefleMele
%age
57.59 120.28 456.24 213.29 1061.07 2308.70 378.42 987.66 0.00 0.00 5583.25
591.48 3357.50 1762.56 3782.63 21019.83 15856.16 7919.82 16357.23 10819.14 3835.54 85301.90
71.43 142.56 803.43 1954.66 2085.88 50.87 0.00 104.54 0.00 0.00
7939.96
8011.39
6795.22 6937.78 3050.53 3853.96 1878.22 3832.88 6985.74 9071.62 5822.77 5873.64 6293.47 6293.47 79.15 30.26 233.75
vees : Fme Deebke[s ces nceejer Deheveer MeeKeeDeeWs kes heeme ceewpeto efJeosMeer cegoe efveefOeeeb, peesefke leguevehe$e Deblej keeee&uee meceeeespeve kee Yeeie nesleer nw, Meeefceue vener nw. . iewj eqve<heeoke DeefeceeW SJeb efveJesMeeW kes yeejs ceW ekeerkejCe eceebke
i
NOTE: * This figure excludes the foreign currency funds with our own branches which forms a part of Inter Office Adjustment in Balance Sheet g. Disclosures in respect of Non Performing Advances and Investments Asset Category
Sr. no.
134
2011-12
Sr. no.
Deeefmle esCeer Meg SveheerS kegue SveheerS Devegheele mekeue DeefeceeW ceW mekeue SveheerS efveJeue Deefece ceW efveJeue SveheerS
ii Net NPAs Total iii
Asset Category
iii
NPA Ratios Gross NPAs to gross advances Net NPAs to net advances 1.53% 0.54% 3152.50 3443.31 2131.06 4464.75 2361.62 1836.42 1276.93 2921.11 339.55 291.34
iv
SveheerS (mekeue) kee cetJeceW eejbefYeke Mes<e pees[ IeeJe Deefvlece Mes<e
iv
SveheerS kes efueS eeJeOeeve kee cetJeceW eejbefYeke Mes<e Je<e& kes oewjeve efkeee ieee eeJeOeeve yes Keeles/DeefOeke eeJeOeeve kee hegvejebkeve Deefvlece Mes<e
Movement of provisions for NPAs Opening balance Provisions made during the year Write off/ Write back of excess provision Closing balance
vi
iewj efve<heeoke efveJesMe iewj efve<heeoke efveJesMe keer jeeqMe iewj efve<heeoke efveJesMe kes efueS jKes iees eeJeOeeve keer jeeqMe
vi
Non Performing Investments Amount of Non-Performing Investments Amount of provisions held for nonperforming investment
vii
Je<e& kes oewjeve efveJesMe hej cetueeme nsleg eeJeOeeveeW kee vii Movement of provisions for depreciation on investments during the year cetJeceW eejbefYeke Mes<e DeJeefOe kes oewjeve efkeee ieee eeJeOeeve hegvejebkeve Deefvlece Mes<e
Opening balance Provisions made during the period Write-back Closing balance 479.53 *364.20 141.80 701.93
* . 21.96 kejes[ kes efJeefvecee Gleej-e{eJe kees Devleje&^ere Skemehees]pej kes efueS meceeeesefpele efkeee ieee nw. *Exchange fluctuation of Rs. 21.96 cr has been adjusted for international exposure. V.
$e+Ce peeseKece : ceevekeerke=le heefle kes lenle heesHeeseueees nsleg f & f ekeerkejCe
ceevekeerrke=le heefle kes lenle yeQke, Yeejleere efjpeJe& yeQke eje Devegceesefole meYeer F&meerSDeeF& (yeee $e+Ce cetueekeve mebmLeeve) eLee meerSDeejF&, efeefmeue, efHee (Fbef[ee), Deewj DeeFmeerDeejS keer Iejsuet $e+Ce Skemeheespej nsleg jsefbie kees mJeerkeej kejlee nw. efJeosMeer $e+Ce Skemeheespej kes efueS yeQke msC[[& SJeb hetDej, cet[er, leLee efHee keer jsefbie mJeerkeej kejlee nw. yeQke keeheexjs leLee meeJe&peefveke #es$e eefleeve kes GOeejkelee&DeeW kees F&meerSDeeF& mes jsefbie uesves kees eeslmeeefnle kejlee nw Deewj peneB kener Ssmeer jsefbie GheueyOe nw, JeneB peesefKece hej DeeefmleeeW keer ieCevee kes efueS Fve jsefbieeW kee Gheeesie efkeee nw.efvecveefueefKele leerve ecegKe peesefKece mecetneW ceW ceevekeerke=le heefle (cetueebefkele Deewj iewj cetueebefkele) kes Devegmeej peesefKece kece kejves kes heeele, peesefKece jeefMeeeB Fme ekeej nw.
V.
135
2011-12
jeefMe kejes[ hees ceW / Amount in Cr. peesefKece Yeej keer esCeer 100% peesefKece Yeej mes kece 100% peesefKece Yeej 100% peesefKece Yeej mes DeefOeke kegue meerDeejSce keewleer kegue Skemehees]pej (SHe yeer+Sve SHe yeer)
Vi. Category of Risk Weight Below 100% risk weight 100% risk weight More than 100 % risk weight CRM DEDUCTED Total Exposure (FB+NFB)
kegue/total
189250.86 110400.37 18366.75 24017.35 342035.33
ke. yeQke Deheves GOeejkelee&DeeW hej Skemeheespej (efveefOe DeeOeeefjle leLee iewj efveefOe DeeOeeefjle) kees mebjef#ele kejves kes efueS efJeefYeVe ekeej keer eefleYeteleeeB (pees f efke mebheeefe&ke he ceW Yeer nes mekeleer nw) eehle kejles nQ. yeQke ves Yeejleere w efjpeJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej keg Deefece peeseKece vetve ] f kejves kes yeejs ceW Skemeheespej ceW keceer keer veerele kees Deheveeee nw, peneb f keneR keeheexj ieejber Deefece peeseKece vetve kejves kes he ceW GheueyOe s f nw, Deefece peeseKece GheueyOe ieejber keer meercee leke ieejberoeleeDeeW kees f Debleefjle efkeee peelee nw. meeceevele: efvecveefueefKele ekeej keer eefleYeteleeeB f (cegKe eefleYeteleeeB DeLeJee mebHeeefe&ke eefleYeteleeeB) ueer peeleer nQ. f f w 1. 2. 3. 4. 5. me@ke, eue ceMeervejer Fleeefo pewmeer eue DeeefmleeeB. Yetefce, efyeefu[bie, hueeb leLee ceMeervejer pewmeer Deeue DeefmleeeB. Devegceesefole meteer kes Devegmeej Mesej yeQke keer mJeeefOeke=le peceejeefMeeeB. je^ee yeele eceeCehe$e, efkemeeve efJekeeme he$e, SueDeeFmeer hee@eueefmeeeB, r f kesvere/jepe mejkeejeW Deeefo eje peejer keer ieF& HeeleYeteleeeB Fleeefo f f 6. $e+Ce HeefleYetefleeeb - keefleHee Meleexb kes meeLe Devegceesefole kesef[ jsefbie Spesvmeer eje jsefbie eeHle 7. $e+Ce HeefleYetefleeeb - keefleHee Melees kes meeLe yeQke eje peejer keer ieF&iewj-jsefbie eeHle 8. cetegDeue Heb[eW keer etefveW 9. iewj efveefOe DeeOeeefjle megefJeOeeDeeW kes hess vekeoer ceeefpe&ve. 10. mJeCe& SJeb mJeCe& DeeYet<eCe
yeQke ves, yeQke kees eYeeefjle eefleYetefleeeW kes cetueebkeve kes mebyebOe ceW yesnlej veerefle leweej keer nw. yeQke ves Thej ece mebKee 4 mes 10 hej GefuueefKele eefleYetefleeeW kees $e+Ce peesefKece nsleg ceevekeerke=le heefle yeemesue-II kes Devleie&le $e+Ce peesefKece keceer keejke kes he ceW efueee nw] yeQke kes $e+Ce peeseKece kes SJepe ceW ieejberoeleeDeeW kes ecegKe ekeej efvecveevegmeej nQ: f Jeweefkeleke (Jeefeiele ieejbefeeb) keeheexjsdme kesvere mejkeej jepe mejkeej F&meerpeermeer meerpeererSceSmeF& meerDeejSce mebheeefe&ke ecegKele: yeQke keer mJeeb keer pecee-jeefMeeeW kes hess $e+CeeW ceW Deewj mejkeejer eefleYetefleeeW, SueDeeF&meer hee@efueefmeeeW kes hess $e+CeeW ceW
136
2011-12
Eligible guarantors (as per Basel-II) available as CRM in respect of Banks exposures are mainly Central/ State Government, ECGC, CGTMSE, Banks & Primary Dealers with a lower risk weight than the counter party AND other entities (mainly parent, subsidiary and affiliate companies) rated AA(-) or better. b. For each credit risk portfolio, total exposure that is covered by eligible financial collateral, after application of haircut is as under:
Credit Risk Portfolio Domestic Sovereign Foreign Sovereign Public Sector Entities Claims on Banks Primary Dealers Corporates Reg Retail Portfolio Residential Property Commercial Real Estate Specified Categories Other Assets TOTAL
SkemeheespejeW kee efJeJejCe, peesefke ieejbefeeW eje keJej efkeS ieS nQ, (Yeejleere efj]peJe& yeQke eje Devegcele) Deeefmle esCeer
Asset category
c.
Details of exposures that are covered by Guarantees (permitted by RBI) jeefMe kejes[ hees ceW Amount in Cr.
F&meerpeermeer
ECGC
meerpeererSceSmeF&
CGtMSE
osMeer ieejbefeeb meeJe&peefveke #es$e keer FkeeFeeb yeQkeeW hej oeJes kee@heexj s efJeefveeeceke efjsue mebeJeYeeie f DeeJeemeere mebheefe JeeefCeefpeke efjeue Fms efJeefMe eseCeeeb f Deve Deeefmleeeb kegue ]
Domestic Sovereigns Public Sector Entity Claims on Banks Corporates Regulatory Retail Portfolio Residential Property Comml. Real Estate Specified Categories Other Assets TOTAL
0.00 0.00 0.00 1724.02 103.62 0.00 0.00 0.00 0.00 1827.64
0.00 0.13 0.00 3.12 757.36 0.09 0.00 0.00 0.00 760.70
0.00 33.27 0.00 8.91 0.00 0.00 0.00 0.00 0.00 42.18
0.00 7660.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7660.80
137
2011-12
eefleYetleerkejCe
Vii. Securitisation
a. The Bank has a Securitization Policy duly approved by its Board. As per the Policy the nature of portfolio to be securitized are retail loans (housing loans, auto loans, and advance against properties, personal loans and credit cards) SSI and Infrastructure projects loans. The Bank does not have any case of its assets securitised as on 31st March, 2012. b. There is no case of retained exposure in respect of securitization. Amount of securitization exposure purchased by the bank is as under:-
ke. yeQke keer eefleYetefle veerefle nw efpemes yees[& eje Devegceesefole efkeee ieee nw. veerefle kes Devegmeej eefleYetle efkees peeves Jeeues mebefJeYeeie keer eke=efle efjsue $e+Ce (DeeJeeme $e+Ce, Dee@es $e+Ce, heefjmebheefeeeW kes hess Deefece, Jeweefeke $e+Ce leLee esef[ kee[&dme) SmeSmeDeeF& SJeb DeeOeejYetle heefjeespevee $e+Ce nQ. efoveebke 31 ceee&, 2012 kees yeQke kes heeme Deheveer DeeefmleeeW kees eefleYetle kejves kee keesF& ceeceuee veneR nw. Ke. eefleYetleerkejCe kes mebyebOe ceW eefleOeeefjle Skemeheespej kee keesF& ceeceuee veneR nw. yeQke eje Kejeros ieS eefleYeteflekejCe Skemeheespej keer jeefMe efvecveevegmeej nw: efJeosMeer $e+Ce jsefbie kes Devegmeej peesefKece Yeej esCeer
Risk weight category as per external credit rating
yener cetue
RW % 100 100
peesefKece Yeej %
44.18 44.18 c.
yeQke keer Je<e& 2012-13 kes oewjeve Deheveer efkemeer Yeer ceeveke DeeefmleeeW kee eefleYeteflekejCe kejves keer keesF& eespevee veneR nw.
The bank does not presently plan to securitise any of its standard assets during the year 2012-13.
yeepe oj peesefKece
peesefKece eyebOeve kes efueS yeQke kes efveosMeke ceb[ue ves efJeefYeVe meerceeSb efveOee&efjle keer nQ pewmes mekeue efveheeve meerceeSb, #eefle jesOe meerceeSb, Deewj cetue peesefKece meercee cetue Deeefo. peesefKece meerceeSb, Kegueer yeepeejiele efmLeefleeeW mes GlheVe peesefKeceeW kees efveebef$ele kejleer nQ.#eefle jesOe neefve meercee, Jemetueerke=le Deewj DeJemetueerke=le neefveeeW ceW ueer peeleer nw. yeQke ves Yeejleere efjpeJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej JeJemeee mebefJeYeeie hej yeepeej peesefKece mes mebyebefOele hetbpeer eYeej keerr ieCevee kejves kes efueS Ske mecegefele heefle leweej keer nw DeLee&led ceevekeerke=le DeJeefOe heefle. Fme ekeej Deekeefuele hetbpeer eYeej kees peesefKece Yeeefjle DeeefmleeeW ceW heebleefjle efkeee ieee nw. $e+Ce peesefKece kes efueS mekeue peesefKece Yeeefjle DeeefmleeeW, yeepeej peesefKece Deewj heefjeeueve peesefKece kees yeemesue-II kes Devleie&le yeQke kes meerDeejSDeej efveOee&jCe kejves kes efueS efnmeeye ceW efueee peelee nw.
To manage risk, Banks Board has laid down various limits such as Aggregate Settlement limits, Stop loss limits and Value at Risk limits. The risk limits help to check the risks arising from open market positions. The stop loss limit takes in to account realized and unrealized losses. Bank has put in place a proper system for calculating capital charge on Market Risk on Trading Portfolio as per RBI Guidelines, viz., Standardised Duration Approach. The capital charge thus calculated is converted into Risk Weighted Assets. The aggregate Risk Weighted Assets for credit risk, market risk and operational risk are taken into consideration for calculating the Banks CRAR under Basel-II.
138
2011-12
Risk Weighted Assets and Capital Charge on Market Risk (as per Standardised Duration Approach) as on 31st March,2012 are as under:(. kejes[ ceW Rs. in Cr.)
peesefKece Yeej Deeefmleeeb yeepe oj peesefKece FefkeJeer efmLeefle peesefKece efJeosMeer cege peesefKece kegue hetbpeer eYeej
iX. Interest Rate Risk Equity Position Risk Foreign Exchange Risk Total Capital Charge RWAs 6372.91 5606.00 225.00 12203.91
9% Hej vetvelece hetbpeer eceej Minimum Capital Charge at 9% 573.56 504.54 20.25 1098.35
heefjeeueve peesefKece
Yeejleere efjpeJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej yeQke ves heefjeeueve peeseKece f nsleg hetpeer DeeJeMekeleeDeeW kee Deekeueve kejves kes efueS DeeOeejYetle meteke heefle b f Deheveeeer nw. cetue heefle kes Devleie&le iele 3 Je<eeX keer Deewmele Deee kees peeseKece Yeeefjle Deeefmle leke ueeves kees Oeeve ceW jKee ieee nw.
X.
yeepe oj peesefKece kees oes heefleeeW kes ceeOece mes efveOee&efjle Je ceeveerj efkeee peelee nw. (i) peesefKece hej Deee (heejbheefjke Devlej efJeMuess<eCe) (DeuheeJeefOe) Fme heefle kes lenle yeepe ojeW ceW heefjJele&veeW kee yeQke keer Meg yeepe Deee hej he[ves Jeeues lelkeeue eYeeJe kee eqJeMues<eCe efkeee ieee nw. peesefKece hej Deee kees efJeefYeVe heefjMeeW ceW efvecveevegmeej efJeMuesef<ele efkeee ieee nw. 1. Deee jsKee peesefKece : DeeefmleeeW Deewj oseleeDeeW kes efueS 1% meceeveeblej heefjJele&ve kee Devegceeve ueieeee ieee nw. 2. DeeefmleeeW kes efueS esCeer-Jeej efYeVe Deee heefjJele&veeW kee Devegceeve ueieeee ieee nw Deewj es oseleeDeeW hej Yeer ueeiet nesles nQ. 3. Ssefleneefmeke eJe=efle kes Devegmeej DeeOeej peesefKece SJeb meceeefnle efJekeuhe peesefKece kee Devegceeve ueieeee ieee nw. (ii) FefkeJeer kee DeeefLe&ke cetue (DeJeefOe Devlej efJeues<eCe) (oerIee&JeefOe) en keee& DeeefmleeeW SJeb oseleeDeeW keer mebMeesefOele DeJeefOe keer ieCevee kejkes efkeee peelee nw leeefke FefkeJeer keer mebMeesefOele DeJeefOe kee efveOee&jCe efkeee pee mekes. Fme heefle kees Deee ceW efoS HeefjJele&ve nsleg Deee jsKee ceW meceevlej efMeHe ceevee peelee nw. FefkeJeer kes DeeefLe&ke cetue Hej HeYeeJe kees pewmee Yeejleere efjpeJe& yeQke ves efJeMuesef<ele efkeee nw, efveeefcele DeblejeueeW Hej 200 DeeOeej Debkeere oj nsleg efJeMuesef<ele efkeee peelee nw. mebyebefOele HeefjHekeJelee kes efueS yeepeej menye Deee kees mebMeesefOele DeJeefOe keer ieCevee ceW Heegkele efkeee peelee nw. yeQefkeie yeefneeW ceW yewke kes yeepe oj peesefKece kee efJeMues<eCe oesveeW Iejsuet leLee efJeosMeer HeefjeeueveeW kes efueS efkeee peelee nw. Iejsuet HeefjeeueveeW kes efueS FefkeJeer kes DeeefLe&ke cetue kee Deekeueve leLee efveiejeveer efleceener DeeOeej Hej keer peeleer nw. Ke. yeepe-ojeW ceW 100 DeeOeej Debkeere cetJeceW kes hess yeQke keer Meg yeepe Deee hej Meg eYeeJe Iejsuet heefjeeuekeeW kes efueS . 185.22 kejes[ nw (heee mebmeeOeve SJeb heefjeespeve) peyeefke Devleje&<^ere HeefjeeueveeW kes efueS en 92.66 kejes[ heS nw.
ke
b.
139
2011-12
efJeJejCe
(In Percentage)
eefleMele ceW
31.03.2009 7.78% 5.14% 2.91% 2.64% 1.42% 1.84% 45.38% 2.22% 1.15% 19.48% 0.98% 1.10% 9.50% 5.71% 17.22%
31.03.2010 6.86% 4.42% 2.74% 2.44% 1.15% 1.56% 43.57% 2.03% 1.26% 22.19% 1.10% 1.21% 8.55% 4.90% 20.90%
31.03.2011 6.97% 4.16% 3.12% 2.80% 0.89% 1.47% 39.87% 2.22% 1.35% 21.42% 1.18% 1.33% 8.48% 4.56% 17.76%
31.03.2012 7.58% 4.95% 2.97% 2.64% 0.87% 1.32% 37.55% 2.19% 1.28% 19.11% 1.12% 1.24% 9.39% 5.62% 16.22%
yeepe Deee / Deewmele keee&Meerue efveefOeeeb (S[yuetSHe) yeepe Jee / S[yuetSHe Meg yeepe ceeefpe&ve
Interest Income / Average Working Funds (AWF) Interest expenses / AWF Net Interest Margin (NIM)
ueeiele-Deee Devegheele
ueeYeebMe Yegieleeve Devegheele (keejheesjs ueeYeebMe kej meefnle) $e+Ce pecee Devegheele
Dividend payout Ratio (including Corporate Dividend Tax) 16 17 81.94% 87.44% 84.47% 88.74% 86.77% 90.29% 86.86% 90.36%
$e+Ce + iewj meebefJeefOeke eueefveefOe Devegheele efveJesMe (Deveg<ebieer FkeeFeeW ceW efveJesMe kees es[kej) pecee Devegheele
hetbpeer heee&hlelee Devegheele (yeemesue I) Capital Adequacy Ratio (BASEL I) erej Tier - I erej Tier - II
19
hetbpeer heee&hlelee Devegheele (yeemesue II) Capital Adequacy Ratio (BASEL II) erej Tier - I erej Tier - II
140
2011-12
S.No. 1 2 3 4 5 6 7 8 9 10 11
e.meb.
Particulars
efJeJejCe
(In Percentage)
eefleMele ceW
31.03.2009 36838 2974 8.63 7.57 11.69 6.05 112.86 1.45 0.75 61.14 313.82
31.03.2010 38960 3148 9.81 8.94 12.67 7.85 132.24 1.57 0.97 83.96 378.44
31.03.2011 40046 3418 12.29 11.26 17.43 10.59 156.27 2.04 1.24 116.37 505.71
31.03.2012 42175 3959 14.66 13.15 20.35 11.87 169.80 2.17 1.26 127.84 637.37
kece&eejer (mebKee)
Employees (number)
MeeKeeSb (mebKee)
Branches (number)
Heefle kece&eejer Deewmele JeJemeee (.kejes[ ceW) Heefle kece&eejer mekeue ueeYe (.ueeKeeW ceW)
Average Business per employee (Rs in crore) Gross Profit per employee (Rs. in lakhs)
Heefle kece&eejer efveJeue ueeYe (. ueeKeeW ceW) Heefle MeeKee JeJemeee (.kejes[ ceW)
Net Profit per employee (Rs. in lakhs) Business per branch (Rs. in crore)
Heefle MeeKee mekeue ueeYe (.kejes[ ceW) Heefle MeeKee Meg ueeYe (.kejes[ ceW) Heefle Mesej Deee (HeeeW ceW)
Gross Profit per branch (Rs. in crore) Net Profit per branch (Rs. in crore) Earnings per share (Rupees)
sle: efJeefYeVe Je<eeX keer Jeeef<e&ke efjHeesx (peneb Gefele ueiee, efHeues Je<eeX kes Deeke[eW kees Hegveme&cetnerke=le/Hegve: Jeieeake=le efkeee ieee nw)
Source:
Annual Reports of various years. (previous year's figures are regrouped and reclassified, where appropriate)
141
2011-12
HeefjYee<eeSb / Definitions
Deewmele keee&Meerue efveefOeeeb (S[yuetSHe) Deewmele peceejeefMeeeb Deewmele Deefiece Deewmele JeJemeee Deewmele efveJesMe yeepe Deee/(S[yuetSHe) yeepe Jee/S[yuetSHe yeepe efJemleej/S[yuetSHe iewjyeepe Deee/S[yuetSHe Heefjeeueve Jee Heefjeeueve Jee/S[yuetSHe ueeiele Deee DevegHeele mekeue (Heefjeeueve) ueeYe/ S[yuetSHe Meg ueeYe/S[yuetSHe Meg ceeefueele Hej HeefleueeYe DeeefmleeeW Hej HeefleueeYe Deewmele DeeefmleeeW Hej HeefleueeYe DeefieceeW Hej eefleHeue peceejeefMeeeW keer ueeiele ueeYeebMe Yegieleeve DevegHeele (keejHeesjs ueeYeebMe kej meefnle) $e+Ce pecee DevegHeele $e+Ce + iewj meebefJeefOeke lejuelee DevegHeele efveJesMe (Deveg<ebieer FkeeFeeW ceW efveJesMe kees es[kej) peceejeefMe - DevegHeele; Heefle kece&eejer JeJemeee eefle kece&eejer Deewmele JeJemeee eefle kece&eejer mekeue ueeYe Heefle kece&eejer Meg ueeYe Heefle MeeKee keejesyeej Heefle MeeKee mekeue ueeYe Heefle MeeKee Meg ueeYe Heefle Mesej Deee Heefle Mesej yener cetue : kegue DeeefmleeeW kee Heeef#eke Deewmele; : kegue peceejeefMeeeW kee Heeef#eke Deewmele; : kegue DeefieceeW kee Heeef#eke Deewmele; : Deewmele peceejeefMeeeW Deewj Deewmele DeefieceeW kee eesie; : kegue efveJesMe kee Heeef#eke Deewmele; : kegue yeepe Deee kee Deewmele keee&Meerue efveefOeeeW mes efJeYeepeve; : kegue yeepe Jee Yeeie oW S[yuetSHe; : (kegue yeepe Deee IeeSb : kegue yeepe Jee) S[yetSHe mes efJeYeeefpele kejW; : kegue iewj yeepe Deee efJeYeeefpele kejW Deewmele keee& efveefOe mes; : kegue Kee& IeeSb yeepe Kee& : kegue Heefjeeueve Jee efJeYeeefpele kejW Deewmele keee&Meerue efveefOe mes; : Heefjeeueve Jee efJeYeeefpele kejW (iewjyeepe Deee + yeepe mHes[) mes; : Heefjeeueve ueeYe efJeYeeefpele kejW S[yuetSHe mes;
Average Working Funds (AWF) Average Deposits Average Advances Average Business Average investments interest income/AWF interest expenses/AWF interest Spread/AWF non-interest income/ AWF Operating Expenses Operating Expenses/ AWF Cost income Ratio : : : : : : : : : : : : : : : : : : : : Fortnightly Average of Total Assets Fortnightly Average of Total Deposits Fortnightly Average of Total Advances Total of Average Deposits Plus Average Advances Fortnightly Average of Total Investments Total Interest Income Divided by AWF Total Interest Expenses Divided by AWF (Total Interest Income minus Total Interest Expenses) Divided by AWF Total Non-Interest Income Divided by AWF Total Expenses minus Interest Expenses Operating Expenses Divided by AWF Operating Expenses Divided by (Non Interest Income plus Interest Spread) Operating Profit divided by AWF Net Profit Divided by AWF Net Profit Divided by Net Worth (excluding Revaluation Reserves) Net Profit Divided by Total Assets Net Profit Divided by AWF Interest Earned on Advances Divided by Average Advances Interest paid on Deposits Divided by Average Deposits Dividend including Corporate Dividend Tax Divided by Net Profit Total Advances Divided by Customer Deposits (i.e., Total Deposits minus Inter Bank Deposits) (Total Advances Plus Non-SLR Investments minus Investments in Subsidiaries) Divided by Customer Deposits
Heejef#ele efveefOe kees es[kej); : Meg ueeYe efJeYeeefpele kejW kegue DeeefmleeeW mes; : Meg ueeYe efJeYeeefpele kejW S[yuetSHe mes;
Gross (Operating) Profit/AWF net Profit/AWF : Meg ueeYe efJeYeeefpele kejW S[yuetSHe; : Meg ueeYe efJeYeeefpele kejW Meg ceeefueele (Hegvecet&ueebkeve Return on net Worth Return on Assets Return on Average Assets : DeefieceeW Hej Deefpe&le yeepe efJeYeeefpele kejW Deewmele Yield on Advances
Deefiece mes; : peceejeefMeeeW Hej Heolle yeepe efJeYeeefpele kejW Deewmele Cost of Deposits peceejeefMeeeW mes; : ueeYeebMe, keejHeesjs ueeYeebMe kej meefnle; efJeYeeefpele Dividend Payout Ratio (including Corporate kejW Meg ueeYe mes; : kegue Deefiece efJeYeeefpele kejW ieenkeeW keer peceejeefMeeeb (DeLee&le kegue peceejeefMeeeb - IeeeW Deblej yeQke pecee jeefMeeeb) : (kegue Deefiece + iewj meebefJeefOeke eueefveefOe Devegheele efveJesMe - IeeeW Deveg<ebieer FkeeFeeW ceW efveJesMe) efJeYeeefpele kejW ieenkeeW keer peceeDeeW mes; : mecee peceejeefMeeeb + kegue Deefiece efJeYeeefpele kejW, kegue kece&eeefjeeW keer mebKee mes : Deewmele peceejeefMeeeb Deewmele Deefece/efJeYeeefpele kejW kegue kece&eejer mebKee mes : mekeue ueeYe kees efJeYeeefpele kejW, kegue kece&eejer mebKee mes; : Meg ueeYe kees efJeYeeefpele kejW kece&eeefjeeW keer mebKee mes; : kegue peceejeefMeeeb + kegue Deefiece kees efJeYeeefpele kejW MeeKeeDeeW keer mebKee mes; : mekeue ueeYe kees efJeYeeefpele kejW MeeKeeDeeW keer mebKee mes; : Meg ueeYe efJeYeeefpele kejW MeeKeeDeeW keer mebKee mes; : Meg ueeYe kees efJeYeeefpele kejW FefkeJeer mes X ome; : Meg ceeefueele (Hegvecet&ueebkeve Heejef#ele jeefMe kees es[kej) kees efJeYeeefpele kejW FefkeJeer mes X ome.
Dividend Tax) Credit - Deposit Ratio
Credit + non SLR investments (excluding investments in Subsidiaries) - Deposit Ratio Business Per Employee Average Business Per Employee Gross Profit Per Employee net Profit Per Employee Business Per Branch Gross Profit per Branch net Profit per Branch Earnings Per Share Book Value Per Share
: : : : : : : : :
Aggregate Deposits plus Total Advances Divided by Total No. of Employees Average Deposits plus Average Advances divided by Total No. of Employees Gross Profit Divided by Total No. of Employees Net Profit Divided by total No. of Employees Total Deposits plus Total Advances divided by No. of Branches Gross Profit Divided by No. of Branches Net Profit Divided by No. of Branches Net Profit divided by Equity Multiplied by Ten Net Worth (excluding Revaluation Reserves) divided by Equity Multiplied by Ten.
142
2011-12
143
2011-12
Devegmeteer
CAPITAL & LIABILITIES Capital Reserves and Surplus Deposits Borrowings Other Liabilities and Provisions TOTAL 1 2 3 4 5 392,80,73 20650,72,58 305439,48,19 22307,85,48 9606,30,56 358397,17,54
Deeefmleeeb
Yeejleere efj]peJe& yeQke kes Heeme vekeoer Deewj Mes<e jkece yeQkeesb kes Heeme Mes<e jkece leLee ceebie SJeb DeuHe metevee Hej Heefleose jeefMe efveJesMe Deefiece Deeue Deeefmleeeb Deve Deeefmleeeb pees[ Deekeefmceke oseleeSb Jemet}er kes efueS efyeue GuuesKeveere uesKee veerefleeeb uesKeeW Hej efHHeefCeeeb
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 Contingent Liabilities Bills for Collection Significant Accounting Policies Notes on Accounts 17 18 7 8 9 10 11 12 6 21651,45,96 42517,08,16 83209,40,01 287377,29,35 2341,50,20 10224,73,02 447321,46,70 152502,81,31 22766,99,37 19868,17,89 30065,88,89 71396,59,21 228676,36,09 2299,71,83 6090,43,63 358397,17,54 127163,87,03 18844,71,94
THej oMee&eer ieeer Devegmetefeeeb legueve-He$e kee Ske DeefYevve Yeeie nQ.
The Schedules referred to above form an integral part of the Balance Sheet. eer Sce.[er.ceuee
DeOe#e SJeb HeyebOe efveosMeke
efveosMeke eer Deeueeske efveiece eer efJeefveue kegceej mekemesvee eer Depee ceeLegj eer mele osJe ef$ehee"er eer megjW Sme Yeb[ejer eer mego&Meve mesve eer Jeer. yeer. eJneCe [e@.(eerceleer) cemej&le Meeefno eer ceewefueve S. Jew<CeJe eer jepeerye Sme meent
uesKee Hejer#eke mece leejerKe keer nceejer mebueive he=Leke efjhees& kes Devegmeej ke=les efKecepeer kegBJejpeer SC[ keb. ke=les yeeee SC[ keb. ke=les Sme kes. efceeue SC[ keb. meveoer uesKeekeej meveoer uesKeekeej meveoer uesKeekeej SHeDeejSve : 105146 [yuet SHeDeejSve : 000511 Sme SHeDeejSve : 001135 Sve (ieewlece Jeer Meen) Yeeieeroej Sce. veb.: 117348 ke=les js SC[ js meveoer uesKeekeej SHeDeejSve : 301072 F& (S. Sve. esVesceeoer) Yeeieeroej Sce. veb.: 031004 (efpeleW kegceej) Yeeieeroej Sce. veb.: 201825 ke=les SveyeerSme SC[ keb. meveoer uesKeekeej SHeDeejSve : 110100 [yuet (Sve. yeer. Meser) Yeeieeroej Sce. veb.: 16718 (ieewjJe efceeue) Yeeieeroej Sce. veb.: 99387 ke=les ue#ceerefveJeeme veerLe SC[ keb. meveoer uesKeekeej SHeDeejSve : 002460 Sme (ue#ceerefveJeeme Mecee&) Yeeieeroej Sce. veb.: 014244
144
2011-12
Profit and Loss Account for the year ended 31st March, 2012
(000's
SCHEDULE INCOME Deee Interest Earned 13 Deefpe&le yeepe Other Income 14 Deve Deee TOTAL pees[ EXPENDITURE II. Jee Interest Expended 15 Kee& efkeee ieee yeepe Operating Expenses 16 Heefjeeueve Jee Provisions and Contingencies 18 (A-4.1) HeeJeOeeve Deewj Deekeefmceke Jee TOTAL pees[ PROFIT III. ueeYe Net Profit for the year Je<e& kee Meg ueeYe Available for Appropriation efJeefveeespeve nsleg GHeueyOe jeefMe Appropriations efJeefveeespeve Transfer to : efvecveefueefKele ceW DevlejCe : a) Statutory Reserve ke) meebefJeefOeke Heejef#ele efveefOe b) Capital Reserve Ke) Hetbpeeriele Heejef#ele efveefOe ie) jepemJe SJeb Deve Heejef#ele efveefOeeeb c) Revenue and Other Reserves I) General Reserve I) meeceeve Heejef#ele efveefOe Oeeje 36 (1) (viii) kes II) Special Reserve u/s 36 (1) (viii) II) Debleie&le efJeMes<e Heejef#ele III) Statutory Reserve (Foreign) III) meebefJeefOeke Heejef#ele efveefOe (efJeosMeer) Proposed Dividend ele ueeYeebMe d) Ie) emleeefJMe kej meefnle) (including Dividend Tax) (ueeYeeb e) Investment Reserve Account *) efveJesMe eejef#ele Keelee TOTAL pees[ 18 (B-5) Basic & Diluted Earnings per Share (`) Heefle Mesej cetue SJeb vetve Depe&ve (`) Significant Accounting Policies 17 GuuesKeveere uesKee veerefleeeb (Nominal value per share `10) (meebkesefleke cetue eefle Mesej `10) Notes on Accounts 18 uesKeeW Hej efHHeefCeeebb THej oMee&eer ieeer Devegmetefeeeb }eYe Je The Schedules referred to above form an integral part of the Profit & Loss Account. neefve uesKes kee DeefYevve Yeeie nQ. I.
Shri M. D. Mallya DIRECTORS Shri Alok Nigam Shri Vinil Kumar Saxena Shri Ajay Mathur Shri Satya Dev Tripathi Shri Surendra S Bhandari Shri Sudarshan Sen Shri V B Chavan Dr (Smt) Masarrat Shahid Shri Maulin A Vaishnav Shri Rajib S Sahoo
Devegmeteer
Year ended 31st March 2012 ` 29673,72,42 3422,32,82 33096,05,24 19356,71,23 5158,71,73 3573,66,66 28089,09,62 5006,95,62 5006,95,62
Shri R. K. Bakshi
Executive Director Executive Director
For Khimji Kunverji & Co For Brahmayya & Co Chartered Accountants Chartered Accountants FRN: 105146W FRN: 000511S (Gautam V Shah) Partner M No. 117348 For Ray & Ray Chartered Accountants FRN: 301072E (A. N. Yennemadi) Partner M No. 031004 (Jitendra Kumar) Partner M No. 201825 For For N B S & Co Chartered Accountants FRN: 110100W (N. B. Shetty) Partner M No. 16718
For S K Mittal & Co Chartered Accountants FRN: 001135N (Gaurav Mittal) Partner M No. 99387 For Laxminiwas Neeth & Co Chartered Accountants FRN: 002460S (Laxminiwas Sharma) Partner M No. 014244
145
2011-12
(000's
Devegmeteer -1 Hetbpeer HeeefOeke=le Hetbpeer Heefle ` 10/- kes 300,00,00,000 Mesej (efheues Je<e& 300,00,00,000/eefle Mesej ` 10/- kes) efveie&efcele leLee DeefYeoe Hetbpeer Heefle ` 10/- kes 41,38,56,883 FefkeJeer Mesej (efheues Je<e& 39,42,79,579 FefkeJeer Mesej eefle ` 10/- kes) ceebieer ieF& hetbpeer SJeb eoe hetbpeer eefle ` 10/- kes 41,11,23,383 FefkeJeer Mesej (efHeues Je<e& 39,15,46,079 Mesej) efpemeceW kesv mejkeej eje Oeeefjle kegue ` 223.28 kejes[ jeefMe kes 22,32,79,579 FefkeJeer Mesej (efheues Je<e& 22,32,79,579 Mesej) Meeefceue nw. b
pees[W : peyle efkeS ieS Mesej pees[
SCHEDULE - 1 CAPITAL AUTHORISED CAPITAL 300,00,00,000 Shares of `10/- each (previous year 300,00,00,000/shares of `10/- each) ISSUED AND SUBSCRIBED CAPITAL 41,38,56,883 Equity Shares of `10/- each (previous year 39,42,79,579 equity shares of `10/- each) CALLED-UP & PAID-UP CAPITAL 41,11,23,383 (Previous Year 39,15,46,079) Equity Shares of `10 each including 22,32,79,579 Equity Shares (Previous year 22,32,79,579 Shares) amounting to `223.28 crores held by Central Government Add : Forfeited Shares Total SCHEDULE - 2 RESERVES & SURPLUS I Statutory Reserves Opening Balance Additions during the Year II Capital Reserves (including Revaluation Reserve of `1173.68 crores (previous years `1242.49 crores) Opening Balance Additions during the year Other Adjustments Deductions: Depreciation on revalued fixed assets transferred to Profit & Loss account III Share Premium Opening Balance Additions during the year 4707,60,59 1625,11,20 6332,71,79 2273,88,56 2433,72,03 4707,60,59 (76,44,38) 1974,89,59 (79,55,26) 2021,30,70 413,85,69 394,27,96
3000,00,00
3000,00,00
Devegmeteer-2 Heejef#ele efveefOeeeb Deewj DeefOeMes<e I meebefJeefOeke Heejef#ele efveefOeeeb HeejefcYeke Mes<e DeJeefOe kes oewjeve HeefjJeOe&ve II Heejef#ele Hetbpeer (` 1173.68 kejes[ keer hegvecet&ueebefkele eejef#ele efveefOe meefnle (efHeues Je<e& ` 1242.49 kejes[)
HeejefcYeke Mes<e Je<e& kes oewjeve HeefjJeOe&ve Deve meceeeespeve keewefleeeb : ueeYe-neefve Keeles ceW Debleefjle Hetvece&tueebefkele Dee} DeeefmleeeW Hej cetue eme
III Mesej Heerefceece
4612,17,42 1251,73,91
5863,91,33
146
2011-12
(000's
As on 31st Mar, 2012 ` SCHEDULE - 2 RESERVES & SURPLUS (Contd.) IV Revenue & Other IV jepemJe Deewj Deve Heejef#ele / Reserves efveefOeeeb `
ke) meebefJeefOeke Heejef#ele efveefOeeeb (efJeosMeer) HeejbefYeke Mes<e Je<e& kes oewjeve HeefjJeOe&ve Deve meceeeespeve Ke) Deeekej DeefOeefveece keer Oeeje 36(1)(viii) kes Debleie&le efJeMes<e eejef#ele efveefOeeeb HeejefcYeke Mes<e pees[W : Je<e& kes oewjeve HeefjJeOe&ve ie. efJeosMeer cege eejef#ele efveefOeeeb eejbefYeke Mes<e Je<e& kes oewjeve heefjJeOe&ve eejef#ele efveJesMe Keelee eejbefYeke Mes<e Deve eejef#ele efveefOe mes DeblejCe ueeYe-neefve efJeefveeespeve Keeles ceW DeblejCe *. Deve eejef#ele efveefOeeeb eejbefYeke Mes<e eejef#ele efveJesMe Keeles kees Devleefjle Je<e& kes oewjeve heefjJeOe&ve Je<e& kes oewjeve meceeeespeve pees[ - IV (ke, Ke, ie,Ie Deewj *) pees[ (I mes IV)
a) Statutory Reserve (Foreign) Opening Balance Additions during the year Other Adjustments b) Special Reserve u/s 36(1)(viii) of Income Tax Act, 1961 Opening Balance Add: Additions during the year c) F o r e i g n C u r r e n c y Translation Reserve Opening Balance Additions during the year d) Investment Reserve Account Opening Balance Transferred from Other Reserve Transferred to P&L Appropriation A/c. e) Other Reserves Opening Balance Transferred to Investment Reserve Account Additions during the year Adjustments during the year TOTAL - IV (a, b, c, d & e) TOTAL (I to IV)
Ie.
100,13,99 (31,40,26) 68,73,73 6074,01,84 (100,13,99) 2100,45,56 2,60,38 8076,93,79 9309,63,87 20650,72,58
147
2011-12
(000's
As on 31st Mar, 2012 ` `
SCHEDULE - 3 A. I
Demand Deposits i) From Banks ii) From Others 27819,92,29 28944,36,23 22258,68,51 23134,66,55 74579,52,82 64454,03,09
yeQkeesb mes
II
III Term Deposits i) From Banks ii) From Others TOTAL (I to III) Deposits of branches in India Deposits of branches outside India TOTAL (I & II) 280135,25,38 104735,85,21 384871,10,59 41032,90,53
yeQkeesb mes
Yeejle ceW efmLele MeeKeeDeeW B. I keer peceejeefMeeeb Yeejle mes yeenj efmLele MeeKeeDeeW keer peceejeefMeeeb pees[ (I Deewj II)
II
SCHEDULE - 4 BORROWINGS I. Borrowings in India i) ii) Reserve Bank of India Other Banks 168,00,19 410,20,99 1911,70,00 5000,00,00 2490,00,00 9979,91,18 13593,13,94 350,00,00 114,48,74 471,56,24 1911,70,00 5000,00,00 2490,00,00 10337,74,98 11970,10,50
i) Yeejleere efj]peJe& yeQke ii) Deve yeQke iii) Deve mebmLeeve SJeb
SpeWefmeeeb
iv) veJeesvces<eer yesceereeoer $e+Ce efueKele
iii) Other Institutions and Agencies iv) Innovative Perpetual Debt Instruments (IPDI) v) v) Hybrid Debt Capital Instruments issued as bonds Subordinated Bonds
(DeeF&heer[erDeeF&)
v) yeeb[eW kes He ceW peejer nee efye[
$e+Ce Hetbpeer
vi) ieewCe yeeb[ II.
pees[ (i to iv) Yeejle kes yeenj GOeej ueer ieeeR jeefMeeeb (` 1526.25 kejes[ kes SceerSve yeeb[ meefnle) (efheues Je<e& ` 1337.88 kejes[) pees[ GOeej ueer ieF& jeefMeeeb (I SJeb II) GHejeskele ceW Meeefceue peceeveleer GOeej jeefMeeeb
TOTAL (i to vi) II. Borrowings outside India (includes MTN Bonds of `1526.25 crs (previous year `1337.88 crs) ) Total - Borrowings (I & II) Secured Borrowings included in above
23573,05,12 523,16,34
22307,85,48 71,56,24
148
2011-12
(000's
As on 31st Mar, 2012 ` `
SCHEDULE - 5 OTHER LIABILITIES AND PROVISIONS I II Bills Payable Interest Accrued Contingent Provision against Standard Advances 1366,84,43 2805,96,51 1390,06,06 5837,58,92 11400,45,92 1651,81,07 2138,29,54 911,35,00 4904,84,95 9606,30,56
ose efyeue
Deekeefmceke HeeJeOeeve
pees[ (I mes V)
SCHEDULE - 6 CASH AND BALANCES WITH RESERVE BANK OF INDIA Cash in hand (including foreign currency notes) Balances with Reserve Bank of India in Current Account TOTAL (I & II) 1200,78,63 1357,06,76
20450,67,33 21651,45,96
18511,11,13 19868,17,89
149
2011-12
(000's
As on 31st Mar, 2012 `
Devegmeteer -7 SCHEDULE - 7 yeQkeeW kes Heeme Mes<e jeefMe leLee ceebie BALANCES WITH BANKS AND SJeb DeuHe metevee Hej ose jeefMe MONEY AT CALL & SHORT NOTICE
I Yeejle ceW i) yeQkeeW kes Heeme Mes<e jeefMe I In India i) Balances with Banks a) in Current Accounts b) in Other Deposit Accounts ii) Money at call and short notice with a) Banks b) Other institutions TOTAL (i and ii) 50,00,00 50,00,00 3858,66,19 1767,55,92 254,43,24 3554,22,95 3808,66,19 247,67,89 1519,88,03 1767,55,92
ke) yeQkeeW kes heeme Ke) Deve mebmLeeveeW kes heeme pees[ (i Deewj ii )
II Yeejle mes yeenj i) eeuet KeeleeW ceW ii) Deve pecee KeeleeW ceW iii) yeQkeeW kes Heeme ceebie SJeb DeuHe
II Outside India
i) in Current Accounts ii) in Other Deposit Accounts iii) Money at Call and Short Notice with Banks TOTAL (i, ii and iii) GRAND TOTAL (I and II) 7773,20,19 15668,49,67 15216,72,11 38658,41,97 42517,08,16 4869,00,14 11276,17,90 12153,14,93 28298,32,97 30065,88,89
150
2011-12
(000's
As on 31st Mar, 2012 `
Devegmeteer-8 efveJesMe
I Yeejle ceW efveJesMe (mekeue)
SCHEDULE - 8 INVESTMENTS I Investments in India (Gross) Less: Provision for Depreciation Net Investments in India BREAK - UP i) Government Securities [Includes `386.90 crores (Previous year `90.25 crores) face value of `395.00 crores (Previous year `90.00 crores) lodged with Clearing Corporation of India] [includes `19.70 crores (Previous year ` 15.34 crores) face value of `20.30 crores (Previous year ` 15.30 crores) lodged with MCX] [includes ` 24.27 (Previous year `20.06 face value of `25.00 (Previous year `20.00 lodged with NSE] crores crores) crores crores) 69188,19,52 59424,88,84 79818,79,65 553,80,22 79264,99,43
IeeeW : cetueeme kes efueS HeeJeOeeve Yeejle ceW Meg efveJesMe Deueie-Deueie efJeJejCe i) mejkeejer eefleYetefleeeb (efkeueeeEjie keeheexjMeve Dee@He s Fbe[ee ceW uee@pe efkeS ieS f `386.90 kejes[ kes Debekele cetue f (efheues Je<e& `90.25 kejes[) kes `395.00 kejes[ meefnle (efheues Je<e& `90.00 kejes[) Meeefceue nw [ScemeerSkeme kes meeLe uee@pe efkeS ieS `19.70 kejes[ kes Debekele cetue f (efheues Je<e& `15.34) kes `20.30 kejes[ meefnle (efheues Je<e& `15.30)] [SveSmeF& kes heeme uee@pe efkeS ieS `24.27 kejes[ Debekele cetue f (efheues Je<e& `20.06 kejes[) kes `25.00 kejes[ (efheues Je<e& `20.00 kejes[)] Meeefceue nw [etSmeF& ceW pecee 14.97 kejes[ Debekf ele cetue (efheues Je<e& `5.27 kejes[) kes `15.25 kejes[ (efheues Je<e& `5.25 kejes[)] Meeefceue nw [meermeerDeeF&Sue, ScemeerSkeme, SHe[yuet[er ceW pecee Metve (efHeues Je<e& `5.02 kejes[) kes Metve (efHeues Je<e& `5.00 kejes[) Debekf ele cetue Meeefceue nw]
ii) Deve Devegceesefole HeefleYetefleeeb iii) Mesej iv) ef[yeWej Deewj yeeb[ v) Deveg<ebieer FkeeFeeb Deewj / ee mebege Gece [FmeceW yeQke kee,
67800,33,44
[includes `14.97 crores (Previous year `5.27 crores) face value of `15.25 crores (Previous year `5.25 crores) lodged with USE] [includes NIL (Previous year `5.02 crores) face value of NIL (Previous year `5.00 crores) lodged with CCIL MCX FWD] ii) Other Approved Securities iii) Shares iv) Debentures and Bonds v) Subsidiaries and/or Joint Ventures [includes Bank's share of contribution as advance of ` 112.82 crores (Previous year ` 94.62 crores) towards Share Capital of RRBs pending allotment] vi) Other Investments (Commercial Papers, Units of Mutual Funds, Pass Through Certificates etc.) 163,26,00 1459,93,49 2959,98,37 536,27,94 1325,16,67 2356,11,49
#es$eere ieeceerCe yeQkeeW kees Deefiece kes He ceW Mesej Hetbpeer DebMeoeve HeWef[bie DeueeceQ `112.82 kejes[) (efheues Je<e& `94.62 kejes[) Meeefceue nQ.] vi) Deve efveJesMe (JeeefCeefpeke He$eeW, cetegDeue Heb[ keer etefveW, Heeme-Let HeceeCe He$e Deeefo)
697,59,53
863,42,26
4796,02,52 79264,99,43
3294,46,24 67800,33,44
151
2011-12
(000's
As on 31st Mar, 2012 ` `
SCHEDULE - 8 INVESTMENTS (contd.) II Yeejle kes yeenj efveJesMe II Investments Outside India (Gross) Less: Provision for Depreciation Net Investments Outside India BREAK - UP i) Government Securities (Including Local Authorities) ii) Subsidiaries and/or joint ventures abroad iii) Other Investments (Debentures, Bonds etc.) TOTAL (I and II) SCHEDULE - 9 ADVANCES 1059,64,08 537,34,74 2347,41,76 3944,40,58 83209,40,01 916,44,02 402,54,39 2277,27,36 3596,25,77 71396,59,21
(mekeue) IeeeW : cetueeme kes efueS HeeJeOeeve Yeejle kes yeenj Meg efveJesMe Deueie-Deueie efJeJejCe i) mejkeejer HeeleYeteleeeb f f (mLeeveere HeeefOekejCeeW meefnle) ii) efJeosMeeW ceW Deveg<ebefieeeb Deewj / ee mebege Gece iii) Deve efveJesMe (ef[yeWej, yeeb[ Deeefo) pees[ (I Deewj II)
Devegmeteer-9 Deefiece
ke. i) Kejeros Deewj YegveeS ieS A. i) Bills Purchased and Discounted 39117,90,23 29689,90,20 efyeue ii) Cash Credits, Overdrafts and ii) vekeo $e+Ce, DeesJej [^eHe Loans Repayable on Demand 121401,49,70 97804,86,18 Deewj ceebie Hej egkeewleer eesie $e+Ce iii) ceereeoer $e+Ce iii) Term Loans 126857,89,42 101181,59,71 TOTAL A(i to iii) pees[ ke (i mes iii) 287377,29,35 228676,36,09 B. i) Secured by Tangible Assets Ke. i) cetle& DeeefmleeeW mes (includes advances against 190080,43,40 145684,45,22 HeefleYeteflele (yener-$e+Ce keer Book Debts) SJepe ceW DeefieceeW meefnle) ii) yeQke/mejkeejer ieejber mes ii) Covered by Bank/Government 50360,86,29 33889,56,62 Guarantees jef#ele iii) iewj-peceeveleer iii) Unsecured 46935,99,66 49102,34,25 pees[ Ke (i mes iii) I Yeejle ceW Deefiece ie.
i ii iii iv II i ii TOTAL B(i to iii) C. I Advances in India i ii iii iv II i ii Priority Sector Public Sector Banks Others Advances Outside India Due from Banks Due from Others a) Bills Purchased & Discounted b) Syndicated Loans c) Others TOTAL C(I & II) 287377,29,35 228676,36,09
HeeLeefcekelee HeeHle #es$e meeJe&peefveke #es$e yeQke Deve Yeejle mes yeenj Deefiece yeQkeeW mes HeeHe Deve mes HeeHe ke) Kejeros Deewj YegveeS ieS efyeue Ke) eEme[erkes $e+Ce ie) Deve pees[ ie(I Deewj II)
64909,93,48 54909,27,21 23704,48,27 23053,89,13 2095,10,85 520,78,73 111365,86,96 202075,39,56 90923,91,42 169407,86,49 33315,39,60 12068,97,80 39917,52,39 119,49,70 25851,45,42 9529,92,14 85301,89,79 23767,62,34 59268,49,60 287377,29,35 228676,36,09
152
2011-12
(000's
As on 31st Mar, 2012 ` `
SCHEDULE - 10 FIXED ASSETS I Premises At cost/revalued amount as on 31st March of the preceding year Additions/adjustments during the year (Includes revalued amount) Deductions/adjustments during the year 2488,44,27 96,96,40 2585,40,67 1,26,78 2584,13,89 2442,16,11 48,22,01 2490,38,12 1,93,85 2488,44,27 1771,10,33 712,12,97 1776,31,30
Heefjmej efheues Je<e& kes 31 ceee& kees ueeiele/ hegvecet&ueebefkele jeefMe Hej Je<e& kes oewjeve HeefjJeOe&ve/ meceeeespeve (Hegvecet&ueebefkele jeefMe meefnle) Je<e& kes oewjeve keewefleeeb/meceeeespeve
Less: Depreciation/ Deepe keer leejerKe leke cetueeme/ Amortisation to date HeefjMeesOeve II Deve Dee} Deeefmleeeb (Heveeaej SJeb II Other Fixed Assets (including Furniture & Fixtures) efHekemeej kees efce}ekej) efheues Je<e& At cost/valued amount as on kes 31 ceee& kees ueeiele /hegvecet&ueebefkele 31st March of the preceding jeeefMe Hej
813,03,56
Je<e& kes oewjeve heefjJeOe&ve/ meceeeespeve IeeSb : Je<e& kes oewjeve keewefleeeb/meceeeespeve IeeSb : Deepe keer leejerKe leke cetueeme III Hes Hej oer ieeer Deeefmleeeb (Deveg<ebieer FkeeF& yebo kejves Hej DeefOeie=nerle)
III Assets given on Lease (Acquired on winding up of a subsidiary) At cost/valued amount as on efheues Je<e& kes 31 ceee& keer 31st March of the preceding ueeiele /hegvecet&ueebefkele jeefMe Hej year Less : Depreciation to date IeeSb : Deepe keer leejerKe leke TOTAL (I to III)
2341,50,20
153
2011-12
(000's
As on 31st Mar, 2012 ` `
SCHEDULE - 11 OTHER ASSETS I II Inter-Office Adjustments (Net) Interest Accrued 354,64,99 3515,91,88 1993,11,31 7,07,33 4353,97,51 10224,73,02 274,24,46 2433,59,22 1316,28,35 7,08,28 2059,23,32 6090,43,63
III Tax paid in advance/tax deducted at source (net of provisions) IV Stationery & Stamps V Others TOTAL (I to V)
pees[ (I mes V)
SCHEDULE - 12 CONTINGENT LIABILITIES I Claims against the Bank not acknowledged as Debts Liability for partly paid Investments 64,73,47 28,00 93031,85,80 232,56,06 28,00 78432,99,31
III yekeeee Jeeeoe efJeefvecee mebefJeoeDeeW kes III Liability on account of outstanding Forward Exchange keejCe oselee Contracts IV mebIekeeW keer Deesj mes oer ieeer
IV Guarantees given on behalf of Constituents : a) In India b) Outside India 13765,92,57 9979,65,84 23745,58,41 17950,28,63 17710,07,00 152502,81,31 11780,04,65 7678,15,84 19458,20,49 14890,95,28 14148,87,89 127163,87,03
V mJeerke=efleeeb, Hejebkeve SJeb Deve oeefelJe V Acceptances, Endorsements and Other Obligations VI Deve ceoW, efpevekes efueS yeQke keer
VI Other items for which the Bank is Contingently liable TOTAL (I to VI)
154
2011-12
(000's
SCHEDULE - 13 INTEREST EARNED I II Interest / Discount on Advances / Bills Income on Investments 22369,40,96 6184,72,95 837,43,27 16183,76,26 4774,78,27 494,49,37
II efveJesMeeW Hej Deee III Yeejleere efj]peJe& yeQke kes Heeme Mes<e
III Interest on Balances with Reserve Bank of India and jkece Deewj Deve Deblej yeQke efveefOeeeW other Inter-Bank Funds Hej yeepe IV Deve IV Others
282,15,24 29673,72,42
432,87,66 21885,91,56
TOTAL (I to IV)
SCHEDULE - 14 OTHER INCOME I II Commission, Exchange and Brokerage Profit on sale of Investments 643,15,79 36,48,69 2,57,17 1,76,03 690,77,15 4,66,14 686,11,01 25,57,86 81,14 606,67,10 1226,08,44 472,95,89 29,25,53 1,37,25 1,54,68 515,14,49 37,46 514,77,03 28,46,80 (17,43) 443,70,36 1020,63,83
Less: Loss on sale of Investments III Yetefce, FceejleeW Deewj Deve DeeefmleeeW III Profit on sale of Land, Buildings and Other Assets kes efJeee Hej ueeYe Less: Loss on sale of Land, IeeSb : Yetefce, FceejleeW Deewj Deve Buildings and Other Assets DeeefmleeeW keer efyeeer hej neefve
IV Profit on Exchange Transactions Less: Loss on Exchange IeeSb : efJeefvecee uesve-osve hej neefve Transactions V efJeosMeeW/Yeejle ceW Deveg<ebieer FkeeFeeW V Income Earned by way of Dividends etc. from kebHeefveeeW Deewj/ee mebege GeceeW mes Subsidiaries/Companies and/ }eYeebMe Deeefo kes He ceW Deefpe&le Deee or Joint Ventures abroad/ in India VI efJeefJeOe Deee VI Miscellaneous Income TOTAL (I to VI)
877,07,27 3422,32,82
801,78,01 2809,18,60
155
2011-12
(000's
Year Ended 31st Mar, 2012 ` `
Devebefkele omitted)
Year Ended 31st Mar, 2011 ` `
SCHEDULE - 15 INTEREST EXPENDED I II Interest on Deposits Interest on Reserve Bank of India / Inter Bank Borrowings TOTAL (I to III) 17770,71,70 631,14,76 954,84,77 19356,71,23 11862,60,66 345,34,80 875,70,31 13083,65,77
Yeejleere efj]peJe& yeQke/ Deblej yeQke GOeej jeefMeeeW Hej yeepe III Deve pees[ (I mes III) Devegmeteer-16 Heefjeeueve Jee
I II
III Others
SCHEDULE - 16 OPERATING EXPENSES I II Payments to and Provisions for Employees Rent, Taxes and Lighting 2985,57,91 415,73,56 38,80,56 58,15,34 353,00,90 322,59,36 2916,78,26 357,10,18 32,46,90 57,51,10
kece&eeefjeeW kees Yegieleeve Deewj lelmebybeOeer HeeJeOeeve efkejeee, kej Deewj efyepeueer
III Printing and Stationery IV Advertisement and Publicity V Depreciation on Bank's Property
yeQke keer mecHeefe Hej cetueeme IeeeW : Dee} mecHeefeeeW kes Hegvecet&ueebkeve kes keejCe Heejef#ele Hetbpeer mes meceeeesefpele cetueeme Deewj Kee&
VI efveosMekeeW keer Heerme, Yees VII uesKee Hejer#ekeeW keer Heerme Deewj Keex
Less Depreciation adjusted from capital reserve on account of revaluation of immovable properties VI Directors' Fees, Allowances and Expenses
76,44,38
276,56,52 1,17,59
79,55,26
243,04,10 85,91
VII Auditors' Fees and Expenses (including Branch Auditors' (MeeKee uesKee Hejer#ekeeW keer Heerme SJeb Fees and Expenses) Keex meefnle) VIII efJeefOe HeYeej VIII Law Charges IX [eke, leej Deewj X
IX Postages, Telegrams, Telephones etc. X Repairs and Maintenance XI Insurance XII Other Expenditure TOTAL (I to XII)
156
2011-12
Devegmeteer-17 : 31 ceee&, 2012 kees meceeHle Je<e& keer GuuesKeveere uesKeebkeve veerefleeeb
1. leweejer kee DeeOeej
efJeeere efJeJejefCeeeb, peye leke efke DeveLee GuuesKe ve nes, HejcHejeiele ueeiele DeeOeej Hej leweej keer ieF& nQ. es Yeejle ceW meeceeveleee ceeve uesKeekejCe efmeeble (peerSSheer)kes Devegmeej nQ efpeveceW meebefJeefOeke HeeJeOeeve, efJeefveeeceke/ Yeejleere efj]peJe& yeQke kes efoMeeefveoxMe, Yeejleere meveoer uesKeekeej mebmLeeve (DeeF&meerSDeeF&) eje peejer uesKee ceeveke/ceeie&oMeea veesdme leLee Yeejle kes yeQefkebie Geesie ceW Heeefuele keee&HeCeeueer meceeefJe< nw. efJeosMeer keeee&ueeeW kes meboYe& ceW mebyebefOele osMeeW kes Heeefuele meebefJeefOeke HeeJeOeeveeW Deewj keee&HeCeeueer kee DevegHeeueve efkeee ieee nw.
1.
Schedule - 17 : Significant accounting policies for the year ended March 31, 2012
BASiS OF PREPARAtiOn The financial statements have been prepared under the historical cost convention unless otherwise stated. They conform to Generally Accepted Accounting Principles (GAAP) in India, which comprises statutory provisions, regulatory/ Reserve Bank of India (RBI) guidelines, Accounting Standards/ guidance notes issued by the Institute of Chartered Accountants of India (ICAI) and the practices prevalent in the banking industry in India. In respect of foreign offices, statutory provisions and practices prevailing in respective foreign countries are complied with. 2 USE OF EStiMAtES The preparation of financial statements requires the management to make estimates and assumptions considered in the reported amount of assets and liabilites (including contingent liabilites) as of date of the financial statements and the reported income and expenses for the reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. Future results could differ from these estimates. Any revision to the accounting estimates is recognised prospectively in the current and future periods unless otherwise stated. inVEStMEntS 3.1 Classification The Investment portfolio of the Bank is classified, in accordance with the RBI guidelines, into: a Held to Maturity (HTM) comprising Investments acquired with the intention to hold them till maturity. Held for Trading (HFT) comprising Investments acquired with the intention to trade.
3. efveJesMe
3.1 JeieeakejCe yeQke kes mebHetCe& efveJesMe Hees&Heesefueees kee JeieeakejCe Yeejleere efj]peJe& yeQke kes efveoxMeeW kes DevegHe efvecveevegmeej efkeee ieee nw, efpemeceW (ke) HeefjHekeJelee leke Oeeefjle ceW Jes efveJesMe Meeefceue nbw efpevnW HeefjHekeJelee leke jKeves kes GsMe mes HeeHle efkeee ieee nw. (Ke) JeeHeej nsleg Oeeefjle ceW Jes efveJesMe Meeefceue nQ, efpevnW JeeHeej kes GsMe mes HeeHle efkeee ieee nw. (ie) efyeeer nsleg GHeueyOe ceW Jes efveJesMe Meeefceue nQ, pees GHejeskele (ke) leLee (Ke) ceW Meeefceue veneR nbw, DeLee&le pees ve lees JeeHeej kes GsMe mes HeeHle efkeS ieS nQ Deewj ve ner HeefjHekeJelee leke jKeves kes GsMe mes HeeHle efkeS ieS nQ. DeefOeenCe ueeiele efveJesMe keer DeefYeenCe ueeiele ceW eeslmeenve, eejbefYeke Meguke SJeb keceerMeve jeefMe meefcceefuele nw. cetueebkeve kee DeeOeej HeefjHekeJelee leke Oeeefjle kes He ceW Jeieeake=le efveJesMeeW kees Yeeefjle Deewmele DeefOeenCe ueeiele Hej efueee ieee nw, yeMelex Jen Debefkele cetue mes DeefOeke nes, Fme efmLeefle ceW Heerefceece kees HeefjHekeJelee keer Mes<e DeJeefOe leke HeefjMeesefOele efkeee ieee nw. HeefjHekeJelee leke Oeeefjle kes He ceW Jeieeake=le efveJesMeeW ceW ef[yeWej/yeeb[, efpevnW mJeHe/Heke=efle keer ef< mes Deefiece ceevee peelee nw, Meeefceue nw (efpevekes efueS Deeefmle JeieeakejCe mebyebOeer Yeejleere efjpeJe& yeQke kes efJeJeskeHetCe& ceeveob[ leLee ] DeefieceeW Hej ueeiet HeeJeOeeve kes Devegmeej eeJeOeeve efkeS peeles nQ) #es$eere ieeceerCe yeQkeeW, ^s]pejer efyeue, keceefMe&eue HesHeme&, Fbefoje efJekeeme-He$e, efkemeeve efJekeeme He$e Deewj pecee HeceeCe-He$e Hej efkeS ieS efveJesMe Meeefceue nQ Deewj efpevekes cetue kee efveOee&jCe jKeeJe ueeiele Hej efkeee ieee nw.
b c
3.2
3.3
Available for Sale (AFS) comprising Investments not covered by (a) and (b) above i.e. those which are acquired neither for trading purposes nor for being held till maturity. 3.2 Acquisition Cost Cost of acquisition of Investments is net of incentives, front-end fees and commission. 3.3 Basis of Valuation Investments classified as HTM are carried at weighted average acquisition cost unless it is more than the face value, in which case the premium is amortized over the period remaining to maturity. Investments classified as HTM includes debentures / bonds which are deemed to be in the nature of / treated as advances (for which provision is made by applying the RBI prudential norms of assets classification and provisioning applicable to Advances). Investments in Regional Rural Banks, Treasury Bills, Commercial Papers and Certificates of Deposit which have been valued at carrying cost.
157
2011-12
mebegkele GeceeW leLee Deveg<ebefieeeW ceW (Yeejle leLee efJeosMe oesveeW ceW), DemLeeeer Hekeej kes efveJesMeeW kees es[kej efveJesMeeW kee cetueebkeve, eme cetue kees Ieekej DeefOeienCe ueeiele Hej efkeee peelee nw. JeermeerSHe FkeeFeeW ceW efoveebke 23.08.2006 kes yeeo efkeS ieS yeQke efveJesMeeW kees eejbefYeke leerve Je<e& keer DeJeefOe kes efueS heefjhekeJelee leke Oeeefjle mebJeie& ceW Jeieeake=le efkeee peelee nw Deewj ueeiele hej cetueebefkele efkeee peelee nw. mebefJelejCe kes leerve Je<e& heMeele Fmes efyeeer kes efueS GheueyOe ceW Debleefjle kej efoee peelee nw Deewj Yeejleere efj]peJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej yeepeej kes he ceW efeefvnle efkeee peelee nw. JeeHeej kes efueS Oeeefjle SJeb efyeeer kes efueS GHeueyOe kes He ceW Jeieeake=le efveJesMe, efmeHeJeej yeepeej kes he ceW efeefvnle efkees peeles nQ Deewj legueve he$e ceW Ieesef<ele HeefjCeeceer Meg cetueeme eefo keesF& nes, kees ueeYe neefve Keeles kes efnmeeye ceW efueee peelee nw, peyeefke eefo keesF& cetue Je=ef nes lees Gmes es[ efoee peelee nw. eeLeefceke [eruej kes he ceW yeQke eje Jeeheej kes efueS Oeeefjle mebJeie& kes Devleie&le ^spejer efyeueeW ceW efveJesMe kee cetueebkeve cetueeW kes Devegmeej efleceener DeeOeej hej efkeee peelee nw. JeeHeej kes efueS Oeeefjle leLee efyeeer kes efueS GHeueyOe esCeer kes efveJesMeeW kes cetueebkeve kes efueS, yee]peej me@ke SkemeeWpe ceW G=le ojW, HeeFcejer [erueme& SmeesefmeSMeve Dee@He] Fbef[ee (Heer[erSDeeF&)/efHekem[ Fvkece ceveer ceekex Sb[ [sefjJe@efJme SmeesefmeSMeve (SHeDeeF&SceSce[erS)/ Hee@jsve SkemeeWpe [erueme& SmeesefmeSMeve Dee@]He Fbef[ee (SHeF[erSDeeF&) eje Ieesef<ele ojeW kee GHeeesie efkeee ieee nw. efpeve efveJesMeeW kes efueS Ssmeer ojW/G=le ojW GHeueyOe veneR nQ, Gvekee cetueve Yeejleere efj]peJe& yeQke kes efveOee&efjle ceeveob[eW kes Devegmeej efkeee ieee nw, pees efvecveevegmeej nQ : ke) mejkeejer/Devegceesefole - HeefjHekeJelee HeefleHeue kes DeeOeej Hej HeefleYetefleeeb
Ke) FefkeJeer Mesej, HeerSmeet Deewj ^mer Mesej - Deeleve legueve-He$e (12 ceen mes DeefOeke Hegjevee veneR) kes Devegmeej yener cetue Hej DeveLee `1/- Heefle kebHeveer. - mecegeele esef[ mes[ ceeke&-Dehe kes meeLe f heefjhekeJelee kes eefleHeue kes DeeOeej hej - mecegefele esef[ mHes[ ceeke& DeHe kes meeLe HeefjHekeJelee kes HeefleHeue kes DeeOeej Hej. Heb[ eje Heleske mkeerce kes mebyebOe ceW Ieesef<ele Deeleve HegveKe&jero cetue/ Sve.S.Jeer. Hej uesKeeHejeref#ele legueveHe$e, pees efke 18 ceen mes peeoe Hegjeveer ve nes, kes Devegmeej Ieesef<ele SveSJeer ee DeueieDeueie SveSJeer. eefo, ueieeleej 18 ceen mes DeefOeke kes SveSJeer ee uesKeeHejeref#ele efJeeere Deebke[s GHeueyOe ve nes lees Heefle JeermeerSHe ` 1/-
Investments in subsidiaries and joint ventures (both in India and abroad) are valued at acquisition cost less diminution, other than temporary in nature. Banks investments in units of VCFs made after 23.08.2006 are classified under HTM category for initial period of three years and are valued at cost. After period of three years from date of disbursement, it will be shifted to AFS and marked-to-market as per RBI guidelines. Investments classified as HFT and AFS are marked to market scrip-wise and the resultant net depreciation if any, in each category disclosed in the Balance Sheet is recognized in the Profit and Loss Account, while the net appreciation, if any, is ignored. Investments made by the Bank as Primary Dealer in Treasury Bills under HFT category have been valued at carrying cost. For the purpose of valuation of quoted investments in Held for Trading and Available for Sale categories, the market rates / quotes on the Stock Exchanges, the rates declared by Primary Dealers Association of India (PDAI) / Fixed Income Money Market and Derivatives Association (FIMMDA) / Foreign Exchange Dealers Association of India (FEDAI) are used. Investments for which such rates / quotes are not available are valued as per norms laid down by RBI, which are as under: a Government / - on Yield to Maturity basis. Approved securities b Equity Shares, PSU and Trustee shares - at book value as per the latest Balance Sheet (not more than 12 months old), otherwise Re.1 per company.
c Preference Shares - on Yield to Maturity basis with appropriate credit spread mark- up d PSU Bonds - on Yield to Maturity basis with appropriate credit spread mark-up. - at the latest repurchase price / NAV declared by the Fund in respect of each scheme. - Declared NAV or break up NAV as per audited balance sheet which is not more than 18 months old. If NAV/ audited financials are not available for more than 18 months continuously then at Re. 1/- per VCF.
3.4
efveJesMeeW kee efvemleejCe HeefjHekeJelee leke Oeeefjle kes He ceW Jeieeake=le efkeS ieS efveJesMeeW keer efyeeer Hej nesves Jeeues ueeYe/neefve kees, efveJesMe mes mebyebeOele Yeeefjle Deewmele f ueeiele/yener cetue kes DeeOeej Hej ueeYe/neefve uesKes ceW efueee peelee nw
3.4 Disposal of Investments Profit/ loss on sale of Investments classified as HTM is recognized in the Profit and Loss Account based on
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the weighted average cost / book value of the related Investments and an amount equivalent of profit on sale of Investments in HTM classification is appropriated to Capital Reserve Account. Profit/ loss on sale of Investment in AFS/ HFT category is recognized in Profit and Loss Account. 3.5 The Bank is following uniform methodology of accounting for investments on settlement date basis. 3.6 In respect of investments at overseas branches, RBI guidelines or those of the host countries, whichever are more stringent are followed. In case of those branches situated in countries where no guidelines are specified, the guidelines of the RBI are followed. 3.7 The transfer of a security between these categories is accounted for at the acquisition cost / book value / market value on the date of transfer, whichever is the least, and the depreciation, if any, on such transfer is fully provided for. 3.8 In respect of non-performing securities, income is not recognised, and provision is made for depreciation in the value of such securities as per RBI guidelines. 3.9 REPO / Reverse REPO The Bank has adopted the Uniform Accounting Procedure prescribed by the RBI for accounting of market Repo and Reverse Repo transactions [other than the Liquidity Adjustment Facility (LAF) with the RBI]. Repo and Reverse Repo Transactions are treated as Collaterised Borrowing / Lending Operations with an agreement to Repurchase on the agreed terms. Securities sold under Repo are continued to be shown under investments and Securities purchased under Reverse Repo are not included in investments. Costs and revenues are accounted for as interest expenditure / income, as the case may be. Securities purchased / sold under LAF with RBI are debited / credited to investment Account and reversed on maturity of the transaction. Interest expended / earned thereon is accounted for as expenditure / revenue. 3.10 Derivatives The Bank presently deals in interest rate and currency derivatives. The interest rate derivatives dealt with by the Bank are Rupee Interest Rate Swaps, Foreign Currency Interest Rate Swaps and forward rate agreements. Currency Derivatives dealt with by the Bank are Options and Currency swaps. Based on RBI guidelines, Derivatives are valued as under: The hedge/ non-hedge(market making) transactions are recorded separately. Derivative contracts designated as hedges are not marked to market unless their underlying is marked to market. Trading derivative positions are marked-to-market (MTM) and the resulting losses, if any, are recognized in the Profit and Loss Account. Profit, if any, is ignored. Income and Expenditure relating to interest rate swaps are recognized on the settlement date. Gains/ losses on termination of the trading swaps are recorded on the termination date as income/ expenditure.
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cetueebkeve kes efueS, kegue mJewhe kes JeemleefJeke cetue keer ieCevee legueveHe$e keer efleefLe kees mJewHe kejejeW kes keejesyeej meceeefHle Hej HeeHe ee ose jeefMe kes DeeOeej hej keer peeleer nw, mebyebefOele neefveeeW, eefo neW, kes efueS HetCe&le: HeeJeOeeve efkeee ieee nw, peyeefke ueeYeeW kees es[ efoee ieee nw. legueve he$e keer efleefLe kees Hes[eF& eje DeefOemeteele efJeefvecee oj kes yebo f YeeJe hej efJeosMeer cege ceW [sejJeseJe mebeJeoeDeeW kees Deekeefmceke oseleeDeeW kes f f f Devle&iele Jeieeake=le efkeee peelee nw.
For the purpose of valuation, the fair value of the total swap is computed on the basis of the amount that would be receivable or payable on termination of the transactions of the swap agreements as on the Balance Sheet date. Losses arising there from, if any, are fully provided for while the profits, if any, are ignored. Contingent Liabilities on account of derivative contracts denominated in foreign currencies are reported at closing rates of exchange notified by FEDAI at the Balance Sheet date. 4 ADVAnCES 4.1 Advances in India are classified as Standard, Substandard, Doubtful or Loss assets and provision for advances are made as per the Prudential Norms of the RBI. In respect of Advances made in overseas branches, Advances are classified in accordance with Prudential Norms prescribed by the RBI or local laws of the host country in which advances are made, whichever is more stringent. 4.2 Advances are net of specific loan loss provisions, interest suspense, amount received and held in suitfiled Sundry Deposits and Claims Received. 4.3 In respect of Rescheduled / Restructured accounts, Provision for dimunition in fair value of restructured advances is measured in net present value terms as per RBI guidelines. 4.4 In case of financial assets sold to Asset Reconstruction Company (ARC)/ Securitization Company (SC), if the sale is at a price below the net book value (NBV), (i.e. Book value less provisions held) the shortfall is debited to the profit and loss account. If the sale value is higher than the NBV, surplus is carried forward and utilised to meet the shortfall/ loss on account of subsequent sale of non-performing financial assets. 5 FiXED ASSEtS 5.1 Premises and other Fixed Assets are stated at historical cost except revalued premises which are stated at revalued amount. The appreciation on revaluation is credited to Capital Reserve and the depreciation provided thereon is deducted therefrom. land and building under
4. Deefiece
4.1 Yeejle ceW DeefieceeW kees ceeveke, DeJeceeveke, mebefoiOe ee neefve DeeefmleeeW kes He ceW Jeieeake=le efkeee peelee nw leLee Fmekes efueS HeeJeOeeve Yeejleere efj]peJe& yeQke kes efJeJeskehetCe& ceeveob[eW kes Devegmeej efkeee peelee nw. efJeosMeer MeeKeeDeeW eje efoS ieS DeefieceeW kes mebyebOe ceW Yeejleere efj]peJe& yeQke kes efveoxMeeW kes Devegmeej DeLeJee Gme osMe, efpemeceW Deefiece efoS ieS nQ, ceW efJeeceeve ceeveob[eW ceW mes pees Yeer ke[s ceeveob[ nebs, kes DevegHe Jeieeake=le efkeee peelee nw. Deefiece, efJeefveefo& $e+CeeW Hej neefve kes HeeJeOeeveeW, Geble yeepe, Jeeoemle efJeefJeOe pecee SJeb eehle oeJee jeefMe kee efveJeue nw. Hegveefve&Oeeefjle/Hegveie&ef"le KeeleeW kes mebyebOe ceW Yeejleere efj]peJe& yeQke kes efoMee efveoxMeeW kes Devegmeej hegveie&ef"le DeefeceeW kes Gefele cetue ceW keceer kes efueS eeJeOeeve efJeeceeve cetue MeleeX hej Deekeueve kejles ngS efkeee peelee nw. Deeefmle Hegveie&"ve kebHeveer (SDeejmeer) /HeeleYetelekejCe (efmekeeesejeFpesMeve) f f f kebHeveer (Smemeer) kees yeseer ieF& efJeeere DeeefmleeeW kes ceeceues ceW, eefo efyeeer Meg yener cetue mes kece cetue Hej keer ieF& nes lees neefve (keceer) kees ueeYe neefve Keeles ceW veeces efkeee peelee nw. eefo efyeeer cetue yener cetue mes peeoe nw lees Deefleefjkele HeeJeOeeve jeefMe kees efjJeme& veneR efkeee peelee nw yeefuke Fmes Deve iewj efve<heeoke efJeeere DeeefmleeeW keer efyeeer kejves hej keceer/neefve kees hetje kejves kes efueS Gheeesie ceW efueee peelee nw. Heefjmej Je Deve Deeue Deeefmleeeb Hegvecet&ueebefkele HeefjmejeW kees es[kej, meeceevele: HejcHejeiele cetue Hej ueer ieeer nQ. Hegvecet&ueebkeve Hej ngF& cetueJe=ef, eefo keesF& nes, kees Hetbpeeriele Heejef#ele efveefOe ceW pecee efkeee ieee nw. leLee Fme Hej cetueeme kees FmeceW mes Ieeee peelee nw. HeefjmejeW ceW Yetefce SJeb efvecee&CeeOeerve HeefjmejeW kees Meeefceue efkeee ieee nw.
4.2 4.3
4.4
5. Deeue Deeefmleeeb
5.1
5.2
RESERVES AnD SURPLUS Revenue and other Reserves include Statutory Reserves created by foreign branches as per applicable local laws of the respective countries.
REVEnUE RECOGnitiOn 7.1 Income (other than item referred in Paragraph 7.2)/ expenditure is generally recognised on accrual basis. In case of foreign offices, income/ expenditure is recognised as per the local laws of the country in which the respective foreign office is located. 7.2 Income by way of Fees, Commission other than on Government business, Commission on Guarantees, Letter of Credits, Exchange, Brokerage and Interest on Advance Bills are accounted for on realisation
7.2
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7.3
basis. Dividend on shares in Subsidiaries, joint ventures and associates is accounted on realisation basis. 7.3 In view of uncertainty of collection of income in cases of Non-performing Assets/Investments, such income is accounted for only on realisation in terms of the RBI guidelines. 7.4 Lease payments including cost escalation for assets taken on operating lease are recognised in the Profit and Loss Account over the lease term in accordance with the AS 19 (Leases) issued by ICAI. EMPLOYEE BEnEFitS 8.1 PROVIDENT FUND Provident fund is a defined contribution as the Bank pays fixed contribution at pre-determined rates. The obligation of the Bank is limited to such fixed contribution. The contributions are charged to Profit and Loss Account. 8.2 GRATUITY Gratuity liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation made at the end of the financial year. The gratuity liability is funded by the bank and is managed by a separate trust. 8.3 PENSION 8.3.1Pension liability is a defined benefit obligation and is provided for on the basis of actuarial valuation made at the end of the financial year, for the employees who have joined Bank up to 31.03.2010 and opted for pension. The pension liability is funded by the bank and is managed by a separate trust. 8.3.2 New Pension Scheme which is applicable to employees who joined bank on or after 01.04.2010 is a defined contribution scheme, Bank pays fixed contribution at pre determined rate, the obligation of the Bank is limited to such fixed contribution. The contribution is charged to Profit and Loss Account. 8.4 COMPENSATED ABSENCES Accumulating compensated absences such as Privilege Leave and Sick Leave are provided for based on actuarial valuation. 8.5 OTHER EMPLOYEE BENEFITS Other Employee benefits such as Leave Encashment, Leave Fare Concession and Additional Retirement Benefit on Retirement are provided for based on actuarial valuation. In respect of overseas branches and offices, the benefits in respect of employees other than those on deputation are valued and accounted for as per laws prevailing in the respective territories. DEPRECiAtiOn 9.1 Depreciation on Fixed Assets in India [other than those referred in Paragraph 9.3 and 9.4] is provided
7.4
8.2
8.3
8.4
8.5
9. cetueeme
9.1
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Devegmeej eeJeOeeve efkeee peelee nw. FmeceW hegvece&tueebefkele DeeefmleeeW keer Devegceeefvele Gheeesie DeJeefOe kes DeeOeej hej DeefOeke cetueeme kee eeJeOeeve efkeee peelee nw. 9.2 Yeejle mes yeenj Deeue DeeefmleeeW Hej, (veeres Devegso 9.3 ceW JeefCe&le kees es[kej) cetueeme mLeeveere keevetveeW ee mebyebefOele osMe ceW Heeefuele eefeee kes Devegmeej efkeee peelee nw. Yeejle Deewj Yeejle kes yeenj kebHetjeW Hej cetueeme Yeejleere efj]peJe& yeQke kes efoMee-efveoxMeeW kes Devegmeej m^s ueeFve efJeefOe mes 33.33% keer oj mes Heoeve efkeee ieee nw. kebHetj mee@HeJesej, pees efke ne[&Jesej kee DeefveJeee& Debie veneR nw, kee hetCe& cetueeme Kejero Je<e& kes oewjeve ner kej efoee peelee nw. SerSce Hej cetueeme kee eeJeOeeve m^s ueeFve Heefle mes 20% eefleJe<e& keer oj mes efkeee peelee nw. HeefjJe&veeW Hej cetueeme kee mebHetCe& Je<e& kes efueS HeeJeOeeve efkeee ieee nw peyeefke efyeeer/efveHeeve kes Je<e& ceW cetueeme kee keesF& HeeJeOeeve veneR efkeee peelee nw. Hes Hej Oeeefjle peceerve Deewj hes hej Oeeefjle peceerve hej efkeS ieS efJekeeme keer ueeiele Hee DeJeefOe ceW egkelee (Sceese&F&pe) keer peeleer nw.
on the written down value method in accordance with Schedule XIV to the Companies Act, 1956, except in case of revalued assets, in respect of which higher depreciation is provided on the basis of estimated useful life of these revalued assets. 9.2 Depreciation on Fixed Assets outside India [other than those referred to in Para 9.3 below] is provided as per local laws or prevailing practices of the respective territories. 9.3 Depreciation on Computers and Software forming an integral part of Computer Hardware, in and oustside India is provided on Straight Line Method at the rate of 33.33% p.a., as per the guidelines of RBI. Computer software not forming part of an intergral part of hardware is charged directly to Profit and Loss Account. 9.4 Depreciation on ATMs is provided on Straight Line Method at the rate of 20% p.a. 9.5 Depreciation on additions is provided for full year and no depreciation is provided in the year of sale / disposal. 9.6 Cost of leasehold land and leasehold improvements are amortised over the period of lease. 10. iMPAiRMEnt OF ASSEtS Impairment losses (if any) on Fixed Assets (including revalued assets) are recognised in accordance with AS 28 (Impairment of Assets) issued by the ICAI and charged off to Profit and Loss Account. 11. FOREiGn CURREnCY tRAnSACtiOnS 11.1 Accounting for transactions involving foreign exchange is done in accordance with AS 11, (The Effects of Changes in Foreign Exchange Rates), issued by the ICAI. 11.2 As stipulated in AS 11, the foreign currency operations of the Bank are classified as a) b) Integral Operations and Non Integral Operations. All Overseas Branches, Offshore Banking Units, Overseas Subsidiaries are treated as Non Integral Operations and domestic operations in foreign exchange and Representative Offices are treated as Integral Operations. The transactions are initially recorded on weekly average rate as advised by FEDAI. Foreign Currency Assets and Liabilities (including contingent liabilities) are translated at the closing spot rates notified by FEDAI at the end of each quarter. The resulting exchange differences are recognized as income or expenses and are accounted through Profit and Loss Account. Any reversals / payment of foreign currency assets and liabilities is done at the weekly
9.3
9.4 9.5
9.6
c.
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average closing rate of the preceding week and the difference between the outstanding figure and the amount for which reversal / payment is made, is reflected in Profit and Loss Account. Foreign exchange spot and forward contracts outstanding as at the balance sheet date and held for trading, are revalued at the closing spot and forward rates respectively notified by FEDAI and at interpolated rates for contracts of interim maturities. The resulting forward valuation profit or loss is included in the Profit and Loss Account. Assets and Liabilities are translated at the closing spot rates notified by FEDAI at the end of each quarter. Foreign Exchange Spot and Forward contingent liabilities outstanding as at the balance sheet date are translated at the closing spot and forward rates respectively notified by FEDAI and at interpolated rates for contracts of interim maturities. Income and Expense are translated at quarterly average rate notified by FEDAI at the end of each quarter. The resulting exchange differences are not recognized as income or expense for the period but accumulated in a separate account Foreign Currency Translation Reserve till the disposal of the net investment.
b.
c.
d.
11.5 Forward Exchange Contracts In accordance with the guidelines of FEDAI and the provisions of AS 11, Foreign exchange spot and forward contracts outstanding as at the balance sheet date and held for trading, are revalued at the closing spot and forward rates respectively notified by FEDAI and at interpolated rates for contracts of interim maturities. The resulting forward valuation profit or loss is included in the Profit and Loss Account. 12. tAXES On inCOME This comprise of provision for Income tax and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period) as determined in accordance with AS 22 (Accounting for taxes on Income) issued by ICAI. Deferred tax is recognised subject to consideration of prudence in respect of items of income and expenses those arise at one point of time and are capable of reversal in one or more subsequent periods. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the timing differences are expected to be reversed. The effect on deferred tax assets and liabilities of a change in tax rates is recognised in the income statement in the period of enactment of the change
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13. EARninGS PER ShARE The bank reports basic and diluted earnings per equity share in accordance with the AS 20 (Earnings Per Share) issued by the ICAI. Basic earnings per equity share has been computed by dividing net income by the weighted average number of equity shares outstanding for the period. Diluted earnings per equity share has been computed using the weighted average number of equity shares and dilutive potential equity shares outstanding during the period. 14. PROViSiOnS, COntinGEnt COntinGEnt ASSEtS LiABiLitiES AnD
yeQke, DeeIeejYetle SJeb [eFuet[ Heele FefkeJeer Mesej Depe&ve kees Yeejleere meveoer s f uesKeekeej mebmLeeve eje Fme mebyebOe ceW peejer uesKee ceeveke 20 (eefle Mesej Deee) kes Devegmeej efjHees& kejlee nw. DeeIeejYetle Heele Mesej Depe&ve keer ieCevee Meg Deee f kees Gme DeJeefOe kes efueS yekeeee Yeeefjle Deewmele FefkeJeer MesejeW keer mebKee mes efJeYeeefpele kej keer ieF& nw. [eFuet[ Heele Mesej Depe&ve keer ieCevee Meg Deee s f kees Gme DeJeefOe kes efueS yekeeee Yeeefjle Deewmele FefkeJeer MesejeW SJeb Gme DeJeefOe kes oewjeve [eFueteJe mecYeeJe FefkeJeer MesejeW keer mebKee kes DeeOeej hej keer ieF& nw. f
As per AS 29 (Provisions, Contingent Liabilities and Contingent Assets) issued by the ICAI, the Bank recognises provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of the amount of the obligation can be made. Contingent liability is disclosed unless the possibility of an outflow of resouces embodying economic benefit is remote. Contingent Assets are not recognised in the financial statements since this may result in the recognition of income that may never be realised.
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eeuet Je<e&
efheuee Je<e&
ii) meer Deej S Deej efej I hetbpeer (%) yeemesue-II iii) meer Deej S Deej efej II hetbpeer (%) yeemesue-II iv) yeQke ceW Yeejle mejkeej keer
CRAR Tier ll Capital (%) Basel-II Percentage of the shareholding of the Government of India Amount of subordinated debt raised as Tier-II Capital Amount raised by issue of IPDI Amount raised by issue of Upper Tier II instruments A-2. Particulars (1) Value of Investments (i) Gross Value of Investments (a) In India (b) Outside India, (ii) Provisions for Depreciation (a) In India (b) Outside India, (iii) Net Value of Investments (a) In India (b) Outside India. (2) Movement of provisions held towards depreciation on investments (i) Opening balance (ii) Add: Provisions made during the year (iii) Less: Write-off / write-back of excess provisions during the year (iv) Closing balance Investments
vi) DeeF&heer[erDeeF& efveie&efcele kej eehle jeefMe vii) Dehej efej II efueKeleeW kees efveie&efcele kej
2.
eeuet Je<e&
Previous Year
efheuee Je<e&
(1) efveJesMeeW kee cetue (i) efveJesMeeW kee mekeue cetue (ke) Yeejle ceW (Ke) Yeejle mes yeenj (ii) cetueeme kes efueS eeJeOeeve (ke) Yeejle ceW (Ke) Yeejle mes yeenj (iii) efveJesMeeW kee efveJeue cetue (ke) Yeejle ceW (Ke) Yeejle mes yeenj (2) efveJesMeeW hej cetueeme kes efueS Oeeefjle eeJeOeeveeW kee mebeueve (i) (ii) eejefcYeke Mes<e pees[W : Je<e& kes oewjeve efkeS ieS eeJeOeeve
79,818.80 4,094.49
68,137.30 3,739.46
553.80 150.08
336.96 143.21
79,265.00 3,944.41
67,800.34 3,596.25
(iii) IeeSb : Je<e& kes oewjeve Deefleefje eeJeOeeveeW kee yedekejCe/hegvejebkeve (iv) Debeflece Mes<e
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2.1 efjhees mebJeJenej (Debefkele cetue ceW) 2.1 (ke) Yeejleere efj]peJe& yeQke kes meeLe efjhees mebJeJenej (SueSShe)
A-2.1 Repo Transactions (in face value terms) 2.1 a. Repo Transactions (LAF) with RBI ( ` kejes[ ceW / ` in Crores)
Minimum Maximum Daily Average outstanding outstanding outstanding during the year during the year during the year
Je<e& kes oewjeve Je<e& kes oewjeve Je<e& kes oewjeve owefveke 31 ceee& 2012 kees yekeeee Mes<e vetvelece yekeeee Mes<e DeefOekelece yekeeee Mes<e Deewmele yekeeee Mes<e
Outstanding as on March 2012 7,000.00 -
efjhees kes lenle yeseer ieF& eefleYetefleeeb (i) mejkeejer eefleYetefleeeb (ii) keeheexjs $e+Ce eefleYetefleeeb efjJeme& efjhees kes lenle Kejeroer ieF& eefleYetefleeeb (i) mejkeejer eefleYetefleeeb (ii) keeheexjs $e+Ce eefleYetefleeeb
Securities sold under repo i. Government securities ii. Corporate debt securities Securities purchased under reverse repo i. Government securities ii. Corporate debt securities 304.71 6,690.55 129.58 504.85 8,797.88 2,348.41 -
ke-2.2 iewj Sme Sue Deej efveJesMe hees&Heesefueees i) iewj Sme Sue Deej efveJesMeeW kes peejerkelee& Ieke
A-2.2 Non-SLR Investment Portfolio i) Issuer composition of Non SLR investments ( ` kejes[ ceW / ` in Crores)
meb.
No.
peejerkelee&
Issuer
Amount
jeefMe
heerSmeet SHeDeeF& (iii) yeQke (iv) efvepeer efveiece (v) Deveg<ebefieeeb / mebegkele Gece (vi) Deve (vii) cetueeme nsleg Oeeefjle eeJeOeeve kegue
(ii) ii)
(1) (i)
(2) PSUs FIs Banks Private Corporate Subsidiaries/ Joint Ventures Others Provision held towards depreciation Total
Extent of Below Investment Grade Securities (5) 73.64 408.85 790.66 955.33 2,228.48
Extent of Unlisted Securities (7) 107.08 73.64 97.20 159.05 305.25 742.22
Devepe&ke iewj-SmeSueDeej efveJesMe efJeJejCe eejbefYeke Mes<e Je<e& kes oewjeve heefjJeOe&ve Ghejese DeJeefOe kes oewjeve keewefleeeb Debeflece Mes<e kegue Oeeefjle eeJeOeeve
Particulars
eeuet Je<e&
efheuee Je<e&
166
2011-12
A-2.3.1 Forward Rate Agreement / Interest Rate Swap ( ` kejes[ ceW / ` in Crores) Current year The notional principal of swap agreements Losses which would be incurred if counterparties failed to fulfill their obligations under the agreements Collateral required by the bank upon entering into swaps Concentration of credit risk arising from the swaps The fair value of the swap book 17,477.59 179.62
eeuet Je<e&
efheuee Je<e&
mJewhe mecePeewles keer keefuhele cetue jeefMe mecePeewles kes lenle Deheveer eefleyeleeDeeW kees keeGbj heeea eje hetje ve kejves hej nesves Jeeueer neefve mJewhe ceW Deeves hej yeQke kes efueS Dehesef#ele keesuewjue
iii)
977.85
601.4
732.07
256.29
A-2.3.2 Exchange Traded Interest Rate Derivatives: ( ` kejes[ ceW / ` in Crores) Particulars Amount Notional principal amount of exchange traded interest rate derivatives undertaken during the year (instrument-wise) A. Interest Rate Future (IRF) Notional principal amount of exchange traded interest rate derivatives outstanding as on 31st March 2012 (instrument-wise) Notional principal amount of exchange traded interest rate derivatives outstanding and not "highly effective" (instrument-wise) Mark-to-market value of exchange traded interest rate derivatives outstanding and not "highly effective" (instrument-wise)
meb. e.
efJeJejCe
Je<e& kes oewjeve SkemeeWpe ^s[s[ yeepe oj [sjerJesefJme keer veesMeveue eEheefmeheue jeefMe (efueKeleJeej) A. yeepe oj Heetej (DeeF&DeejSHe)
jeefMe
445.37
(ii)
Je<e& kes oewjeve SkemeeWpe ^s[s[ yeepe oj [sjerJesefJme keer 31 ceee&, 2012 kes Devegmeej (efueKeleJeej) yekeeee veesMeveue eEheefmeheue jeefMe veesMeveue efebefmeheue jeefMe Je<e& kes oewjeve SkemeWpe ^s[s[ yeepe oj [sjerJesefJme keer yekeeee veesMeveue efebefmeheue jeefMe ``DeleefOeke eYeeJeer'' veneR (efueKeleJeej) SkemeeWpe ^s[s[ yeepe oj keer ceeke&-t-ceekex keercele [sjerJesefJme yekeeee Deewj DeleefOeke eYeeJeer veneR (efueKeleJeej)
Metve
NIL
(iii)
Metve
NIL
(iv)
Metve
NIL
A-2.3.3 Disclosures on risk exposure in derivatives (i) Qualitative Disclosure The Treasury Policy of the bank lays down the types of financial derivative instruments, scope of usages, approval procedures and the limits like open position limits, stop loss limits and
yeQke keer ^spejer veerefle ceW [sjerJesefJme uesve osveeW kes keee& kes efueS meYeer Hekeej keer efJeeere [sjerJesefJme efueKeleeW kes Hekeej, efJemleej SJeb GHeeesie, Devegceesove Heefeee leLee DeesHeve HeespeerMeve efueefce, meHe uee@me efueefce leLee keeGvj Heeea SkemeHeespej efueefce
167
2011-12
counter party exposure limits for undertaking derivative transactions. The Bank uses financial derivative transactions for hedging, its on or off balance sheet exposures as well as for market making. Basically, these products are used for hedging risk, reducing cost and increasing the yield in such transactions and for proprietary trading. The types of risk to which the bank is exposed to are credit risk, market risk, country risk and operational risk, The Bank has risk management policies (approved by Board of Directors of the Bank), which is designed to measure the financial risks for transactions in the trading book on a regular basis, by way of MTM, VaR and PV01, and to set appropriate risk limits. These are monitored by means of reliable and up to date Management Information Systems by the Risk Management Department of the Bank from time to time who, in turn, appraises the risk profile to the Risk management Committee of Directors, which is presided over by the Banks Chairman and Managing Director. The counter parties to the transactions are banks and corporate entities. The deals are done under approved exposure limits. The bank has adopted the current exposure method prescribed by Reserve Bank of India for measuring Credit Exposure on Derivative products as per which the bank sums the total replacement cost (obtained by mark to market of all its contracts with positive value i.e. when the bank has to receive money from the counter party) and an amount for potential future changes in credit exposure calculated on the basis of the total notional principal amount of the contract multiplied by the relevant credit conversion factors according to the residual maturity as detailed herein under:Conversion factor to be applied on notional principal amount
yeQke Deheves legueve he$e ceW oMee&S ieS DeLeJee oMee&S ve ieS peesefKeceeW keer nseEpeie kes efueS leLee yee]peej DeeOeej leweej kejves kes efueS efJeeere [sjerJesefJme uesve osveeW kee Gheeesie kejlee nw, cetuele: es Glheeo, peesefKece kes heefle yeeeJe JeJemLee, ueeiele kece kejves leLee Ssmes uesve osveeW ceW heefleHeue ye{eves kes SJeb heeshejeFjer ^seE[ie kes efueS Gheeesie ceW ueeS peeles nQ. yeQke kees efpeve peesefKeceeW kee Keleje jnlee nw, Jes nQ : $e+Ce peesefKece, yeepeej peeseKece, f osMeere peesefKece Deewj Heefjeeueve peesefKece. yeQke keer cetue peesefKece, peesefKece HeyebOeve veerefleeeb (yeQke kes efveosMeke ceb[ue eje Devegceesefole) nQ, pees SceerSce, (JeerSDeej) leLee HeerJeer01 kes ceeOece mes efveeefcele DeeOeej hej Jeeheej yener ceW uesve osveeW keer efJeeere peesefKeceeW kes Deekeueve leLee Gefele peesefKece meerceeSb lee kejves kes efueS leweej keer ieF& nQ. Fvekees yeQke kes peesefKece HeyebOeve efJeYeeie eje mecee-mecee Hej efJeMJemeveere SJeb Deeleve HeyebOeve metevee HeCeeefueeeW eje cee@veerj efkeee peelee nw leLee Fme yeejs ceW yeQke kes DeOe#e SJeb HeyebOe efveosMeke keer DeOe#elee Jeeueer efveosMekeeW keer peesefKece HeyebOeve meefceefle kees DeJeiele kejeee peelee nw. uesveosveeW keer keeGbj Heeef&eeb, yeQke leLee keeHeexjs Heefle<"eve nQ. Devegceesefole SkemeHeespej meerceeDeeW kes Debleie&le JeJenej efkeS peeles nQ. [sjerJesefJme GlHeeoeW Hej $e+Ce peesefKece Deekeefuele kejves kes efueS yeQke ves Yeejleere efj]peJe& yeQke eje efveOee&efjle ceewpetoe SkemeHeespej Heefle kees DeHeveeee nw, efpemekes Devegmeej yeQke kegue HeeflemLeeHeve ueeiele kee eesie, (meYeer mebefJeoeDeeW kees mekeejelceke cetue meefnle ceeke&-g-ceekex eje HeeHle kejves DeLee&led peye yeQke kees keeGbj Heeea mes Oeve HeeHle kejvee nw) leLee $e+Ce peesefKece ceW YeefJe<e ceW nesves Jeeues mebYeeJe HeefjJele&veeW keer jeefMe, efpemekeer ieCevee mebefJeoe keer kegue keefuHele cetue jeefMe Mes<e HeefjHekeJelee kes Devegmeej mebyebefOele $e+Ce heeblejCe IekeeW kes meeLe iegCee kejkes Heefjkeefuele keer peeleer nw, efvecveevegmeej nw :keefuHele cetue jeefMe Hej ueeiet efkeee peeves Jeeuee HeeblejCe Ieke
DeJeefMe heefjhekeJelee Ske Je<e& mes kece Ske Je<e& Deewj DeefOeke heebe Je<e& mes DeefOeke
Residual Maturity Less than one year One year and above Over five years
yeepe oj mebefJeoe
efJeefvecee oj mebefJeoe
nspe leLee iewj-nspe (ceekex cesefkebie) uesve osveeW kees Deueie mes ope& efkeee peelee nw. nwefpebie [sefjJesefJme Gheee DeeOeej Hej efnmeeye ceW efueS peeles nQ. ^sef[bie [sefjJesefJme HeesefpeMeve (SceerSce) kees ceeke& keer peeleer nw Deewj HeefjCeecemJeHe ueeYe-neefve Keeles ceW eefo keesF& neefve nes, efnmeeye ceW ueer peeleer nw. ueeYe, eefo keesF& nes, veneR ceevee peelee nw. yeepe oj mJewHme mes mebyebefOele yeepe Deewj Jee efveHeeve keer leejerKe Hej efnmeeye ceW efueS peeles nQ. ^sef[bie mJewHe kes meceeHle nesves Hej ueeYe /neefve meceeefHle keer leejerKe Hej Deee /Jee kes he ceW ope& efkeS peeles nQ.
The hedge/non-hedge (market making) transactions are recorded separately. Hedging derivatives are accounted for on an accrual basis. Trading derivative positions are marked-tomarket (MTM) and the resulting losses, if any, are recognized in the Profit and Loss Account. Profit, if any is not recognized. Income and Expenditure relating to interest rate swaps are recognized on the settlement date. Gains/losses on termination of the trading swaps are recorded on the termination date as income/expenditure.
168
2011-12
meb. e. efJeJejCe
kejWmeer [sefjJesefJme
Currency Derivatives 422.78 300.34 122.44 22.11 26.89 -4.78 32.75 0.44 -0.02 0.46
yeepe oj [sefjJesefJme
Interest rate Derivatives 17,177.27 9,228.38 7,948.89 604.84 724.9 -120.06 963.43 452.05 275.61 176.44
[sefjJesefJme (keefuhele cetue jeefMe) ke) nweEpeie kes efueS Ke) ^seE[ie kes efueS
Derivatives (Notional Principal Amount) a) For hedging b) For trading Marked to Market Positions a) b) Asset (+) Liability (-)
(ii)
ceeke&[ t ceekex heesefpeMeve (1) ke) Deeefmleeeb (+) Ke) oseleeSb (-)
(iii) (iv)
$e+Ce peesefKece (2) yeepe oj ceW Ske eefleMele nesves Jeeues heefjJele&ve kee mebYeeefJele eYeeJe (100*heerJeer 01) ke) nweEpeie [sefjJesefJme hej Ke) ^seE[ie [sefjJesefJme hej Je<e& kes oewjeve heeS ieS vetvelece leLee DeefOekelece 100*heerJeer01 ke) nweEpeie hej Ke) ^seE[ie hej
Credit Exposure Likely impact of one percentage change in interest rate (100*PV01) a) b) On hedging derivatives On trading derivatives
(v)
Maximum and Minimum of 100*PV01 observed during the year a) On hedging b) On trading A-2.4 Asset Quality
ke-2.4 Deeefmle iegCeJeee ke-2.4.1 iewj efve<heeoke Deeefmleeeb ke. iewj efve<heeoke DeeefmleeeW kee mebeueve
A. Movement of NPAs
Current Year
eeuet Je<e&
efheuee Je<e&
1 Dehewue, 2011 kees mekeue SveheerS (heejbefYeke Mes<e) Je<e& kes oewjeve peg[s (veS SveheerS) Ghe pees[ (ke) IeeSb :
(i) (ii)
Gross NPAs as on 1st April 2011 (Opening Balance) Additions (Fresh NPAs) during the year Sub-Total (A) Less : -
Dehees[sMeve
(i)
Up-gradations
335.55 580.46
189.17 455.49
Jemetefueeeb (Dehees[ efkeS ieS KeeleeW (ii) Recoveries (excluding recoveries made from upgraded accounts) mes ngF& JemetefueeeW kees es[kej) yes Keeles [eueer ieF& jeefMe Ghe pees[ (Ke)
(iii) Write-offs Sub-total (B)
(iii)
31 ceee&, 2012 kes mekeue SveheerS Gross NPAs as on 31st March 2012 (closing balance) (A-B) (Debeflece Mes<e) (ke-Ke)
169
2011-12
B) Particulars
efJeJejCe
(i) (ii)
eeuet Je<e&
efheuee Je<e&
Meg DeefeceeW ceW Meg SveheerS (%) SveheerS kee mebeueve (mekeue) (ke) (Ke) (ie) (Ie) eejbefYeke Mes<e Je<e& kes oewjeve pees[s ieS Je<e& kes oewjeve IeeS ieS Debeflece Mes<e eejbefYeke Mes<e Je<e& kes oewjeve pees[s ieS Je<e& kes oewjeve IeeS ieS Debeflece Mes<e
Net NPAs to Net Advances (%) Movement of NPAs (Gross) (a) (b) (c) (d) Opening balance Additions during the year Reductions during the year Closing balance
(iii)
Movement of Net NPAs (a) (b) (c) (d) Opening balance Additions during the year Reductions during the year Closing balance 790.88 1,988.72 1,235.96 1,543.64 602.32 718.15 529.59 790.88
(iv)
Movement of provisions for NPAs SveheerS nsleg eeJeOeeve kee mebeueve (ceeveke DeeefmleeeW hej eeJeOeeve kees es[kej) (excluding provisions on standard assets)
eejbefYeke Mes<e Je<e& kes oewjeve pees[s ieS DeeefOekee eeJeOeeveeW kees yes Keeles [euevee/hegveefnmeeye ceW uesvee Debeflece Mes<e
Opening balance Provisions made during the year Write-off/ write-back of excess provisions Closing balance C) Sector-wise NPAs
#es$eJeej SveheerS
Sector
eceebke #es$e
eeuet Je<e&
efheuee Je<e&
1 2 3 4
ke=ef<e SJeb mecye ieefleefJeefOeeeb Geesie (ceeFees SJeb ueIeg, ceOece SJeb ye[s) mesJeeSb Jeefeiele $e+Ce
efJeosMeer Deeefmleeeb, SveheerS leLee jepemJe
Agriculture & allied activities Industry (Micro & small, Medium and Large) Services Personal Loans D) Particulars Total Assets Total NPAs Total Revenue
Ie)
Overseas Assets, NPAs and Revenue ( ` kejes[ ceW / ` in Crores) Current Year 12,7861.71 582.92 4,032.74
eeuet Je<e&
efheuee Je<e&
170
2011-12
meer[erDeej keee&eCeeueer
Others
Deve
$e+Ce kelee&DeeW keer mebKee yekeeee jeefMe t (Gefele cetue ceW keceer)
No. of Borrowers
16 (3)
277 (203) 505.76 (487.22) 4.27 (4.91) 6 (22) 17.04 (12.9) 0.07 (0.16) 2 (13) 1.93 (0.01) (0.01) 285 (238) 524.73 (500.13) 4.34 (5.08)
9,620 (9,786) 6,813.28 (2,189.38) 33.67 (52.74) 2042 (129) 5.09 (4.42) 0.19 (0.1) 40 (109) 2.06 (11.91) 0.1 (0.12) 11702 (10024) 6,820.43 (2,205.71) 33.96 (52.96)
Amount outstanding
1,534.03 (166.01)
262.81 (11.06)
$e+Ce kelee&DeeW keer mebKee yekeeee jeefMe t (Gefele cetue ceW keceer)
No. of Borrowers
(1)
Amount outstanding
(154.24)
(4.5)
$e+Ce kelee&DeeW keer mebKee yekeeee jeefMe t (Gefele cetue ceW keceer)
No. of Borrowers
(-)
(-)
(-)
No. of Borrowers
16 (4)
Amount outstanding
1,534.03 (320.25)
262.81 (15.56)
Ske hegveie&ef"le Keeles kes ceeceues ceW, yeQke mebyebefOele Keeles kes Gefele cetue ceW
eme kes mebyebOe ceW eeJeOeeve kee heefjMeesOeve kejsiee leLee Yee.efj.yeQke kes 2 Dehewue, 2012 kes he$e kes Devegmeej efJeeere Je<e& 2012-13 keer henueer efleceener mes 8 efleceeefneeW keer DeJeefOe kes efueS Keeles kee hegveie&"ve kejves nsleg Deefleefjkele heeJeOeeve kejsiee.
Figures in bracket denote previous year numbers * In respect of one restructured account, the bank shall amortize the provision towards diminution in fair value of the said advance and the additional provision required for restructured standard asset over a period of 8 quarters starting from the first quarter of financial year 2012-2013 as per the directives from Reserve Bank of India vide their letter dated 2nd April 2012.
171
2011-12
ke- 2.4.3 eefleYeteflekejCe/hegveie&"ve kecheveer DeLeJee Deeefmle hegveie&"ve kes efueS yeseer ieF& efJeeere DeeefmleeeW kee efJeJejCe efJeJejCe
(i) KeeleeW keer mebKee (ii) Smemeer/Deejmeer kees yeses ieS KeeleeW keer Particulars No. of accounts
A-2.4.3 Details of financial assets sold to Securitization / Reconstruction Company or Asset Reconstruction ( ` kejes[ ceW / ` in Crores) Current Year 3 6.52 -
eeuet Je<e&
efheuee Je<e&
Aggregate value (net of provisions) of accounts sold to SC / R C Aggregate consideration Additional consideration realized in respect of accounts transferred in earlier years Aggregate gain/loss over net book value
(iii) kegue eefleHeue (iv) DeejbefYeke Je<eeX ceW Debleefjle KeeleeW kes mebyebOe ceW
6.52
5.05
ke-2.4.4 Kejeroer ieF& / yeseer ieF& iewj efve<heeoke efJeeere DeeefmleeeW kee efJeJejCe
A-2.4.4 Details of non-performing financial assets purchased/sold A. Details of purchased: non-performing financial assets
ke.
efJeJejCe
1.
Particulars
eeuet Je<e&
Previous Year -
efheuee Je<e&
ke. Je<e& kes oewjeve Kejeros ieS KeeleeW keer mebKee (a) No. of accounts purchased during the Ke. mecee yekeeee
(b) Aggregate outstanding (a) Of these, number of accounts restructured during the year (b) Aggregate outstanding
2.
ke. FveceW mes Je<e& kes oewjeve hegveie&ef"le KeeleeW keer mebKee Ke. mekeue yekeeee Ke. efJeJejCe
B.
eeuet Je<e&
efheuee Je<e&
1. 2. 3.
yeses ieS KeeleeW keer mebKee mecee yekeeee mecee eefleHeue eeefhle
ke-2.4.5 ceeveke DeeefmleeeW hej eeJeOeeve ceoW DeejyeerDeeF& ceeveoC[eW kes Devegmeej ceeveke DeeefmleeeW kes efueS eeJeOeeve
Item
A-2.4.5 Provisions on Standard Asset ( ` kejes[ ceW / ` in Crores) Current Year Provisions towards Standard Assets as per RBI norms 1,390.06
eeuet Je<e&
efheuee Je<e&
172
2011-12
efJeJejCe
(i) (ii) (iii) (iv) (v) (vi)
eeuet Je<e&
efheuee Je<e&
Deewmele keee&Meerue efveefOeeeW kes eefleMele kes he ceW Interest Income as a percentage to Average Working Funds yeepe Deee Deewmele keee&Meerue efveefOeeeW kes eefleMele kes he ceW Non-interest income as a Percentage to Average Working Funds iewj-yeepe Deee Deewmele keee&Meerue efveefOeeeW kes eefleMele kes he ceW Operating Profit as a percentage to Average Working Funds heefjeeueve ueeYe DeeefmleeeW hej eefleHeue eefle kece&eejer JeJemeee (keesj pecee leLee Deefece) (` kejes[ ceW) eefle kece&eejer ueeYe (` kejes[ ceW)
Return on Assets Business (Core Deposits plus advances) per employee (`in Crores) Profit per employee (`in Crores)
ke-2.6 DeeefmleeeW Deewj oseleeDeeW keer keg ceoeW kee heefjhekeJelee mJehe (eyebOeve eje mecesefkele SJeb uesKee hejer#ekeeW eje Jee efJeMJeeme kes Devehe) 1 efove 2 mes 7 efove
2 to 7 days
A. 2.6 Maturity pattern of certain items of assets and liabilities (As compiled by the management and relied upon by the auditors) ( ` kejes[ ceW / ` in Crores)
Total
1 day
8 mes 14 15 mes 28 29 efove mes 3 cenerveeW mes 6 cenerveeW mes 1 Je<e& mes 3 Je<e& mes 5 Je<e& mes efove efove 3 ceen peeoe leLee 6 peeoe leLee peeoe leLee peeoe leLee DeefOeke 8 to 14 15 to 28 29 days cenerveeW leke 1 Je<e& leke 3 Je<e& leke 5 Je<e& leke Over 5
days days to 3 months Over 3 Over 6 Over 1 Over 3 months months year & up years & up & up to 6 & up to 1 to 3 years to 5 years months year years
kegue
pecee jeefMeeeb Deefece efveJesMe GOeej efJeosMeer cege Deeefmleeeb efJeosMeer cege oseleeSb
Deposits
14329.7 57524.98
46899.67 101186.09
(6810.06) (15685.48) (14159.61) (11574.86) (35087.6) (31880.74) (78769.36) (58293.15) (10417.81) (42760.81) (305439.48) Advances 2219.76 6010.72 8268.23 6769.28 37969.99 31238.21 30909.28 89550.2 31298.26 43143.37 287377.29
(3189.22) (4055.21) (4719.87) (5165.89) (27056.95) (29223.81) (30160.55) (43314.63) (28991.24) (52798.99) (228676.36) Investments 419.65 1186.93 (308.78) (1021.37) Borrowings 61.03 508.8 290.33 (261.94) 39.32 (71.92) 4883.32 764.51 5737.41 (473.73) (2888.74) 25.44 1751.06 (293.75) (1543.06) 6054.54 29164.67 1231.49 (1077.89) 2387.02 (2305.3) 1633.1 12828.27 10593.25 48524.47 (1994.7) 2042.77 83209.4
(324.42) (451.79) Foreign Currency assets 8545.19 10212.72 (9641.29) (5077.95) Foreign Currency liabilities 1737.17 17556.76
23826.91 15119.83
(16715.24) (16187.12) (10677.74) (10688.62) (6636.2) (106809.82) 22690.71 21937.97 4997.56 16567.48 8926.66 133332.88
(9591.3) (8928.37) (3231.94) (6057.93) (16073.17) (18028.63) (13464.97) (11483.17) (11853.45) (10247.89) (108960.83)
and Liabilities has been done as per the Asset Liability Management and Group Risk Policy-2011 of the Bank kegue DeefieceeW keer ieCevee ceW eeJeOeeveeW SJeb Deve keewefleeeW kee efJeYeepeve mekeue ceeveke DeefieceeW kes Devegheele ceW efkeee ieee nw. The Distribution of provisions and other deductions, while arriving at the net advances, has been done in proportion to the gross Standard Advances. efJeosMeer cege keer oseleeDeeW kee efJeYeepeve cetue oselee efJeYeepeve kes Devegheele ceW efkeee ieee nw. Distribution of provision on foreign currency liabilities has been done in proportion to the distribution of the parent liability.
keeske ceW efoS ieS Deebke[s efHeues Je<e& keer mebKeeSb nQ. Figures in bracket denote previous year numbers DeeeqmleeeW SJeb oseleeDeeW kee efJeYeepeve yeQke keer Deeeqmle oselee heyebOeve SJeb mecetn peesefKece veerefle 2011 kes Devegmeej efkeee ieee nw. The distribution of Assets
173
2011-12
A-2.7
Exposure
A-2.7.1 Exposure to Real Estate Sector ( ` kejes[ ceW / ` in Crores) Category a) (i) Direct exposure Residential Mortgages 15,729 13,085.20 Current Year Previous Year
eeuet Je<e&
efheuee Je<e&
ke) ele#e Skemeheespej (i) DeeJeemeere yebOeke DeeJeemeere mebheefe, pees kepe&oej kes mJeeefcelJe ceW nw / nesieer ee efkejeS hej nw, kees yebOeke jKeles ngS hetCe& megjef#ele kepe&, FveceW mes Jeefeiele DeeJeeme $e+Ce heeLeefcekelee heehle DeefieceeW ceW Meeefceue kejves nsleg hee$e nQ. (ii) JeeefCeefpeke efjeue Sms JeeefCeeqpeke efjeue Sms hej yebOeke eje megjef#ele kepe& (keeee&uee YeJeve, efjsue mhesme, ceuer hehe&me kecee|Meeue heefjmej, yengheefjJeej DeeJeemeere YeJeve, yeng efkejeSoej kecee|Meeue heefjmej, Deeweeseieke ee Jesej f neGme mhesme, nesue, peceerve, DeefOeienCe, efJekeeme leLee efvecee&Ce keee& Deeefo) Skemeheespej ceW iewj efveefOe ] DeeOeeefjle (SveSHeyeer) meerceeSb Meeefceue nes mekeleer nQ. (iii) yebOeke ege heefleYetefleeeW ceW efveJesMe (Sce yeer Sme) leLee Deve heefleYeteflele Skemeheespej ke. DeeJeemeere Ke. JeeefCeefpeke efjeue Sms Ke) Deele#e Skemeheespej efveefOe DeeOeeefjle leLee iewj efveefOe DeeOeeefjle Skemeheespej (i) vewMeveue neGeEmeie yeQke (SveSeyeer) leLee (ii) DeeJeeme efJee kebheefveeeb (SeSHemeer) efjeue Sms #es$e ceW kegue Skemeheespej
Lending fully secured by mortgages on residential property that is or will be occupied by the borrower or that is rented; Of which Individual housing loans eligible for inclusion in priority sector ii) Commercial Real Estate Lending secured by mortgages on commercial real estates (office buildings, retail space, multipurpose commercial premises, multi-family residential buildings, multi-tenanted commercial premises, industrial or warehouse space, hotels, land acquisition, development and construction, etc.). Exposure would also include non-fund based (NFB) limits; (iii) Investments in Mortgage Backed Securities (MBS) and other securitised exposures a. b. b) (i) (ii) Residential, Commercial Real Estate.
(9,880.57) 5,834.96
(8,074.83) 6,082.45
0.41 13.13
17.84 43.54
Indirect Exposure National Housing Bank (NHB) Housing Finance Companies (HFCs) 83.18 5,496.72 27,157.40 10.00 4,618.91 23,857.95
174
2011-12
eeuet Je<e&
efheuee Je<e&
(i)
FefkeJeer Meseme&, HeefjJele&veere yeeb[eW, HeefjJele&veere ef[yeWejeW (i) leLee FefkeJeer DeeOeeefjle cetegDeue Heb[ keer etefveeW, efpevekes kee@jheme keeHeexjs $e+Ce ceW Deueie mes efveJesMe veneR efkeS ieS neW, ceW ele#e efveJesMe MesejeW/yeeb[eW/ef[yeWejeW DeLeJee Deve eefleYetefleeeW keer (ii) SJe]pe ceW Deefece DeLeJee MesejeW (DeeF&heerDees/F&SmeDeesheer), heefjJele&veMeerue yeeb[eW, heefjJele&veMeerue ef[yeWejeW leLee FefkeJeer DeeOeeefjle cetegDeue Heb[ keer etefveeW ceW efveJesMe kes efueS JeefeeeW kees efveyeOe DeeOeej hej efoS ieS Deefece efkevneR Deve Ssmes GsMeeW kes efueS Deefece peneb MesejeW (iii) DeLeJee HeefjJele&veere yeeb[eW DeLeJee HeefjJele&veere ef[yeWejeW DeLeJee FefkeJeer DeeOeeefjle cetegDeue Heb[ keer etefveeW kees HeeLeefceke HeefleYetefle kes He ceW efueee ieee nw. efkevneR Deve Ssmes GsMeeW kes efueS Gme meercee leke Deefece, (iv) peesefke MesejeW, heefjJele&veMeerue yeeb[eW DeLeJee HeefjJele&veere ef[yeWejeW DeLeJee FefkeJeer DeeOeeefjle cetegDeue Heb[ keer etefveeW keer mebheeefMJe&ke eefleYetefle mes mebjef#ele nw; DeLee&le peneb efke MesejeW/HeefjJele&veere yeeb[eW/HeefjJele&veere ef[yeWejeW/ FefkeJeer DeeOeeefjle cetegDeue Heb[eW kes DeueeJee ueer ieeer HeeLeefceke HeefleYetefle Hetjer lejn mes DeefieceeW kees keJej veneR kej Heeeer nw. me@ke yeeskejeW kees peceeveleer leLee iewj peceeveleer Deefiece (v) leLee me@ke yeeskejeW leLee ceekex ceskej keer Deesj mes peejer ieejbefeeb keeHeexjs kees MesejeW/yeeb[eW/ef[yeWejeW DeLeJee Deve (vi) HeefleYetefleeeW DeLeJee DeHeves mebmeeOeveeW kes ye{ves keer HeleeMee ceW veeer kebHeefveeeW keer FefkeJeer kees Heesceesj kes DebMeoeve kes efueS efveyeb&Oe DeeOeej Hej mJeerke=le efkeS ieS Deefiece
Direct investment in equity shares, convertible bonds, convertible debentures and units of equity-oriented mutual funds the corpus of which is not exclusively invested in corporate debt; Advances against shares/bonds/ debentures or other securities or on clean basis to individuals for investment in shares (including IPOs/ESOPs), convertible bonds, convertible debentures, and units of equity-oriented mutual funds; Advances for any other purposes where shares or convertible bonds or convertible debentures or units of equity oriented mutual funds are taken as primary security; Advances for any other purposes to the extent secured by the collateral security of shares or convertible bonds or convertible debentures or units of equity oriented mutual funds i.e. where the primary security other than shares/ convertible bonds/convertible debentures/ units of equity oriented mutual funds `does not fully cover the advances Secured and unsecured advances to stockbrokers and guarantees issued on behalf of stockbrokers and market makers Loans sanctioned to corporates against the security of shares / bonds/debentures or other securities or on clean basis for meeting promoters contribution to the equity of new companies in anticipation of raising resources; Bridge loans to companies against expected equity flows/issues;
1,846.09
(ii)
70.60
12.16
(iii)
12.57
4.80
(iv)
116.39
5.37
(v)
159.72
206.46
(vi)
123.74
(vii) mebYeeefJele FefkeJeer HeJeen/efveie&ceeW keer SJepe ceW kebHeefveeeW kees (vii)
0.60
0.13 -
(viii) MesejeW DeLeJee HeefjJele&veere yeeb[eW/ef[yeWejeW DeLeJee FefkeJeer (viii) Underwriting commitments taken up by the banks in respect of primary issue of shares or DeeOeeefjle cetegDeue Heb[ kes HeeLeefceke cegeW kes yeejs ceW yeQkeeW convertible bonds or convertible debentures eje keer ieF& neceeroejer eefleyeleeSb or units of equity oriented mutual funds; (ix) (x)
ceeefpe&ve ^sef[bie kes efueS me@ke yeeskejeW kees efJee Heoeve (ix) kejvee JeWej hetbpeer efveefOeeeW (Hebpeerke=le leLee iewj Hebpeerke=le) kee (x) peesefKece Hetbpeer yeepeej ceW kegue peesefKece
Financing to stockbrokers for margin trading All exposures to Venture Capital Funds (both registered and unregistered) Total Exposure to Capital Market
hetbpeer yeepeej ceW ` 2,939.39 kejes[ kee $e+Ce kegue $e+Ce keer meercee jeefMe ` 7,900.25 kejes[ kes Yeerlej nw. (DeLee&le 31.03.2011 kees yeQke keer Meg ceeefueele `19,750.63 kejes[ kee 40%). hetbpeer yeepeej ceW hele#e SkemeHeespej ` 2,663.28 kejes[ nw Deewj yeQke keer efveJeue ceeefueele (` 3,950.12 kejes[) 20% kes Yeerlej nw.
The exposure to Capital Market of ` 2,939.39 Crores is within the limit of ` 7,900.25 Crores (i.e. 40% of Banks Net worth `19,750.63 Crores as on 31.03.2011). The direct exposure to Capital Market is ` 2,663.28 Crores and is within 20% of the Banks Net Worth (` 3,950.12 Crores).
175
2011-12
Exposure (net) as at 31st March 2012 16,820.37 13,082.91 479.44 62.23 1,577.95 22.05 0.38 32,045.33
Exposure (net) as at 31st March 2011 11,525.14 11,681.36 769.28 337.49 1,212.04 6.66 0.06 25,532.03
ke-2.7.4 yeQke eje Skeue $e+Ceer meercee (SmeyeerSue) mecetn $e+Ceer meercee (peeryeerSue) ceW DeeefOekee
A-2.7.4 Single Borrower Limit (SBL)/ Group Borrower Limit (GBL) exceeded by the bank. ( ` kejes[ ceW / ` in Crores)
Ssmes DeefieceeW efpeveceW nkeoejer, ueeFmeWme, heeefOekeej Deeefo hej heYeej nsleg Decetle& heefleYetefleeeb peceevele kes he ceW ueer ieF& nw, keer jeefMe ` 1033.30 kejes[ nw Deewj GvnW iewj peceeveleer DeefieceeW kes Yeeie kes he ceW oMee&ee ieee nw pewmee efke legueve he$e keer Devegmeteer 9 ceW GequueefKele nw. kegue iewj peceeveleer DeefieceeW ceW Ssmes DeefieceeW kee DebMe 2.20% nw.
` 277.23 kejes[ kes iewj peceeveleer $e+Ce Jeeues Ske Keeles ceW efoveebke 23.04.2010 keer cetueebkeve efjhees& kes Devegmeej Decetle& mebheee|eke kee cetueebkeve ` 1099.28 kejes[ nw. ` 756.07 kejes[ keer yekeeee jeefMe Jeeues Deve KeeleeW kes mebyebOe ceW Decetle& heefleYetefle kee Deekeefuele cetue veneR efueee ieee nw.
The amount of advances, for which intangible securities, such as charge over the rights, licenses, authority etc. have been taken as security is ` 1033.30 Crores and the same has been classified as unsecured, forming part of unsecured advances as reflected in schedule 9 of the balance sheet. Such advances to total unsecured advances are 2.20 %. One account with unsecured loan of ` 277.23 Crores has intangible collateral valued at ` 1099.28 Crores as per valuation report dated 23.04.2010. In respect of other accounts for unsecured outstanding of ` 756.07 Crores, the estimated value of intangible security is not taken.
176
2011-12
A-2.7.6 Concentration of Deposits, Advances, Exposures and NPAs 2.7.6. a) Concentration of Deposits ( ` kejes[ ceW / ` in Crores) Current Year 36,576.98 9.50
eeuet Je<e&
yeerme meyemes ye[s peceekelee&DeeW keer kegue peceeSb yeQke keer kegue peceeDeeW ceW yeerme meyemes ye[s peceekelee&DeeW keer peceeDeeW kee eefleMele
2.7.6. Ke) DeefeceeW kee kesverkejCe
Total Deposits of twenty largest depositors Percentage of Deposits of twenty largest depositors to Total Deposits of the bank
efheuee Je<e&
2.7.6. b) Concentration of Advances ( ` kejes[ ceW / ` in Crores) Current Year 42,897.70 10.22
eeuet Je<e&
yeerme meyemes ye[s $e+efCeeeW kees efoS ieS kegue $e+Ce yeQke kes kegue DeefeceeW ceW yeerme meyemes ye[s $e+efCeeeW kees efoS ieS DeefeceeW kee eefleMele
2.7.6. ie) Skemehees]pej kee kesverkejCe
To t a l A d v a n c e s t o t w e n t y l a r g e s t borrowers Percentage of Advances to twenty largest borrowers to Total Advances of the bank
efheuee Je<e&
2.7.6. c) Concentration of Exposures ( ` kejes[ ceW / ` in Crores) Current Year 44,872.71 8.99
eeuet Je<e&
yeerme meyemes ye[s $e+efCeeeW / eenkeeW kee kegue Skemehees]pej yeerme meyemes ye[s $e+efCeeeW / eenkeeW kees yeQke kes kegue Skemehees]pej kee eefleMele
2.7.6. Ie) SveheerS kee kesverkejCe
Total Exposure to twenty largest borrowers/ customers Percentage of Exposures to twenty largest borrowers/customers to Total Exposure of the bank on borrowers/customers
efheuee Je<e&
eeuet Je<e&
efheuee Je<e&
eeuet Je<e&
keJejspe
Devegheele
efheuee Je<e&
ke-2.8 efJeefJeOe ke-2.8.1 Je<e& kes oewjeve kejeOeeve nsleg efkeS ieS eeJeOeeve keer jeefMe
A-2.8.1 Amount of Provisions for Taxation during the year ( ` kejes[ ceW / ` in Crores) Current Year
eeuet Je<e&
efheuee Je<e&
mebheefe kej SJeb DeemLeefiele kej meefnle kes kejeW nsleg heeJeOeeve Provision for Tax including Wealth tax &
deferred tax
IeeSb efheues Je<eeX mes mebyebefOele kej heeJeOeeveeW kee efjJeme&ue kej kes efueS ves eeJeOeeve
Less reversal of Tax provisions relating to previous years net Provision for tax
177
2011-12
ke-2.8.2 Yeejleere efj]peJe& yeQke eje ueieeS ieS ob[ kee ekeerkejCe efJeeere Je<e& 2011-12 kes oewjeve yeQke hej yeQeEkeie efJeefveece DeefOeefveece 1949 keer efkemeer Yeer Dehes#ee keer DeJensuevee DeLeJee iewj Devegheeuevee DeLeJee Yeejleere efj]peJe& yedWke eje Ge DeefOeefveece ceW efJeefvee|o efveeceeW DeLeJee MeleeX kee heeueve ve nesves kes keejCe yeQke hej Ssmee keesF& oC[ veneR ueieeee ieee nw. ke-2.8.3 eeeesefpele SmeheerJeer Dee@He yewueWme Meer (efpemes uesKee ceevekeeW kes Devegmeej mecesefkele efkeee peevee nw)
A-2.8.2 Disclosure of penalties imposed by RBI During the financial year 2011-12, the bank has not been subjected to any penalty for contravention or non-compliance with any requirement of the Banking Regulation Act, 1949, or any rules or conditions specified by the Reserve Bank of India in accordance with the said Act. A-2.8.3 Off-balance sheet SPVs sponsored (which are required to be consolidated as per accounting norms)
eeeesefpele SmeheerJeer kee veece Name of the SPV sponsored Iejsuet Domestic Metve / NIL ke-3. SmeSueDeej efveJesMe
A-3. SLR Investments:
69,207.34 163.26
69207.34 163.26
*FmeceW meermeerDeeF&Sue/ScemeerSkeme/etSmeF&/SveSmeF& kes Heeme jKeer SmeSueDeej eefleYetefleeeb Meeefceue nQ. *incl. SLR Securities kept with CCIL/ MCX / USE / NSE
ke-4. eeJeOeeveeW Je DeekeefmcekeleeDeeW kee yeske Dehe ke-4.1 ueeYe Je neefve Keeles ceW Deeves Jeeues eeJeOeeve Je DeekeefmcekeleeDeeW kee efJeJejCe Fme ekeej nw:
Particulars
A-4. Break up of Provisions and Contingencies A-4.1The break-up of provisions and contingencies appearing in Profit & Loss Account is as under: ( ` kejes[ ceW / ` in Crores) Current Year 236.33 1,568.87 448.17 1,018.84
eeuet Je<e&
efJeJejCe efveJesMe hej cetueeme nsleg eeJeOeeve yesKeeles [eues ieS DeMeesOe $e+CeeW/SveheerS kes efueS eeJeOeeve ceeveke DeeefmleeeW nsleg eeJeOeeve kej nsleg eeJeOeeve (DeemLeefiele kejeW, Deewj mebheoe kej meefnle) Deve eeJeOeeve leLee DeekeefmcekeleeSb hegveie&ef"le ceeveke Je DeJeceeveke KeeleeW ceW yeepe kes mewefeHeeFme nsleg eeJeOeeve osMeiele peesefKece eyebOeve nsleg eeJeOeeve kece&eejer keueeCe Kee& nsleg eeJeOeeve Deve kegue
efheuee Je<e&
Provision for depreciation on investment Bad debts written off / Provision made towards NPA Provision for standard assets Provision for taxes (including deferred taxes, and Wealth tax) Other Provision and Contingencies Provision towards sacrifice of interest in restructured standard and sub-standard accounts Provision for Country Risk Management Provision for staff welfare expenses Others total
178
2011-12
A-4.2Floating Provisions Comprehensive Disclosures ( ` kejes[ ceW / ` in Crores) Particulars a. b. c. d. Opening balance in the floating provisions account The quantum of floating provisions made in the accounting year Amount of draw down made during the accounting year Closing balance in the floating provisions account A-4.3 Draw Down from Reserves During the financial year 2011-12, there has been no draw down from Reserves. A-5. Disclosure of complaints I. Customer Complaints Current Year 850.35 850.35
eeuet Je<e&
efJeJejCe ke. DemLeeeer eeJeOeeve Keeles ceW DeejefcYeke Mes<e Ke. uesKee Je<e& ceW efkeS ieS DemLeeeer eeJeOeeve keer jeefMe ie. uesKee Je<e& kes oewjeve efkeS ieS [^e [eGve keer jeefMe Ie. DemLeeeer eeJeOeeve Keeles ceW Debeflece Mes<e
efheuee Je<e&
ke- 5.
efJeeere Je<e& 2011-12 kes oewjeve Deejef#ele efveefOeeeW ceW keesF& efiejeJe veneR DeeF&. efMekeeeleeW kee ekeerkejCe I. eenke efMekeeele
Particulars
efJeJejCe (ke) Je<e& kes Meg ceW uebefyele efMekeeeleeW keer mebKee (Ke) Je<e& kes oewjeve HeeHle efMekeeeleeW keer mebKee (ie) (Ie)
* FveceW
Current Year
eeuet Je<e&
Previous Year
efheuee Je<e&
(a) No. of complaints pending at the beginning of the year (b) No. of complaints received during the year (c) No. of complaints redressed during the year
Je<e& kes oewjeve efveJeeefjle efMekeeeleeW keer mebKee Je<e& kes Deble ceW uebefyele efMekeeeleeW keer mebKee
* out of these 525 complaints are pending for less than 30 days. II. Awards passed by the Banking Ombudsman
efJeJejCe (ke) Je<e& kes Meg ceW keeee&efvJele ve efkeS ieS efveCe&eeW keer mebKee (Ke) Je<e& kes oewjeve yeQefkebie ueeskeHeeue eje efoS ieS efveCe&eeW keer mebKee (ie) Je<e& kes oewjeve keeee&efvJele efveCe&eeW keer mebKee
Current Year 01 12 09 04
eeuet Je<e&
Previous Year 02 21 22 01
efheuee Je<e&
(a) No. of unimplemented Awards at the beginning of the year (b) No. of Awards passed by the Banking Ombudsman during the year (c) No. of Awards implemented during the year
(Ie) Je<e& kes Deble ceW keeee&efvJele ve efkeS ieS efveCe&eeW keer mebKee
179
2011-12
eeuet efJeeere Je<e& kes oewjeve peejer egkeewleer DeeMJeemeve he$e (SueDeesmeer) yeQke ves eeuet Je<e& kes oewjeve efJeosMeer/osMeere efveeecekeeW eje Deheveer Deveg<ebefieeeW keer mLeehevee kejves/MeeKeeDeeW kees Keesueves kes efueS Dehevee Devegceesove eehle kejles mecee DeeJeMekeleeDeeW keer hetefle& kes meboYe& ceW keesF& DeeMJeemeve he$e peejer veneR efkeee.
(II) 31.03.2012 kees yekeeee egkeewleer Deeeemeve he$eeW keer mebeeer eqmLeefle (i)
efJeeere Je<e& 2008-09 kes oewjeve efJeosMeer/osMeer efJeefveeecekeeW keer Dehes#eeDeeW kees hetje kejves kes efueS Deveg<ebefieeeW keer mLeehevee / MeeKeeSb Keesueves nsleg Gvemes Devegceesove heehle kejves kes efueS efj]peJe& yeQke Dee@He vetpeerueQ[ kee Gme osMe ceW yeQke keer Deveg<ebieer kes efueS egkeewleer Deeeemeve he$e peejer efkeee ieee Lee. efo.31.03.2012 kes uesKee hejeref#ele uesKeeW kes Devegmeej Deveg<ebieer keer peceeSb `.80.90 kejes[ SJeb yeenjer oseleeSb `.0.46 ueeKe nw. yeQke Dee@]He ye[ewoe eje peejer efkeee ieee SueDeesmeer `.81.36 kejes[ keer mecemle jeefMe DeLee&le peceejeefMe SJeb yeenjer oseleeDeeW kees keJej kejlee nw. leLeeefhe Fme Deveg<ebieer keer Meg ceeefueele `.170.33 kejes[ nw Deewj FmeefueS 31 ceee&, 2012 kees meceehle DeJeefOe kes efueS Fme Deveg<ebieer kes heefjeeueveeW kes keejCe keesF& oseleeSb GlheVe veneR nes jner nw. (ii) efJeeere Je<e& 2010-11 kes oewjeve yeQke ves mebege Gece yeQke Fbef[ee FbjvesMeveue yeQke (ceuesefMeee) yeerSe[er (DeeF&DeeF&yeerSceyeer) ceW yeQke kes 40% MesejOeeefjlee keer meercee leke yeQke Dee@]He vesieeje ceuesefMeee kees Deeeemeve he$e peejer efkeee nw. yeQke kees DeYeer DeHevee Heefjeeueve DeejbYe kejvee nw. Dele: yeQke keer keesF& efJeeere oselee vener nw. ke-7 leermejer heeea kes GlheeoeW kes efJeheCeve mes Dee|pele Deee
A-6. Status of Letters of Comfort i Letters of Comfort (LOCs) issued during the Current Financial Year During the current financial year Bank has not issued any Letter of Comfort to meet the requirements of the overseas/domestic regulators while seeking their approval for establishing subsidiaries / opening of branches. ii Cumulative position of LOCs outstanding on 31.03.2012 The Bank has issued the following Letter of Comforts (i) During financial year 2008-09 to meet the requirements of the overseas/ domestic regulators while seeking their approval for establishing subsidiaries/ opening of branches, the Letter of Comfort was issued to Reserve Bank of New Zealand for the Banks subsidiary in that country As per audited accounts as on 31.03.2012, the deposits of the subsidiary are ` 80.90 Crores and outside liabilities are `0.46 Lacs The LOC issued by Bank of Baroda covers this entire amount of ` 81.36 Crores i.e. deposit and outside liabilities. However, the net worth of the subsidiary is ` 170.33 Crores and as such there is no liability arising on account of operations of the subsidiary for the period ended 31st March 2012. (ii) During financial year 2010-11, the Bank has issued Letter of comfort to the Bank of Negara Malaysia to the extent of the Banks 40% shareholding in the joint venture Bank India International Bank (Malaysia) Bhd (IIBMB)- The Bank is yet to commence operations and therefore no financial liabilities arise to Bank of Baroda. A-7 income earned for marketing third party products (` in Crores)
efJeJejCe
peerJeve yeercee heeefueefmeeeW keer efyeeer nsleg iewj peerJeve yeercee heeefueefmeeeW keer efyeeer nsleg cetetDeue Heb[ heespeskeeW keer efyeeer nsleg FeqkeJeer yeeseEkeie Glheeo yeQkeMeesjWme JeJemeee
Nature of Income For selling life insurance policies For selling non life insurance policies For selling mutual fund projects Equity broking product Bancassurance Business
eeuet Je<e&
efheuee Je<e&
ke-8. Je<e& kes heejbYe ceW SeerSce esCeer ceW jKes ieS efveJesMeeW kes yener-cetue kes 5% mes Deefleefje kes SeerSce ceW jKes ieS efveJesMeeW keer efyeeer
A-8 Sale of Investment held under Held to Maturity (HTM) Category in excess of 5% of the Book value of the investment held in HTM category at the beginning of the year
HeefjJe&ve
Addition
ke-9. SmepeerSue HeeceeX kes ueeweS peeves Hej ueieeS ieS ob[ kee ekeerkejCe
meceeHle Je<e&
Year ended 2012 2011
jeefMe
efHHeCeer
Remarks -
180
2011-12
Disclosure in terms of Accounting Standards (AS) issued by the Institute of Chartered Accountants of India: B-1. Employee Benefits (AS-15) B- 1.1 The Bank has adopted the Accounting Standard (AS-15) issued by ICAI, effective from 07.12.2006. The standard has been revised and notified on 17.12.2007. The provisions contained in AS-15 give option to the bank, to charge the transitional liability as an expense in its Profit and Loss Account spread over a period of 5 years. Bank has exercised this option and accordingly made an incremental provision for employee benefits such as pension, gratuity, leave encashment and other retirement benefits to the extent of 1/5th of the total transitional liability commencing from financial year 2007-08, which is crystallized on Actuarial valuation at ` 901.00 Crores, which has been fully provided as on March 31, 2012 B-1.2 GRATUITY The Bank pays gratuity to employees who retire or resign from Banks service, after initial service period of five years. Accordingly, the Bank makes contributions to an in-house trust, towards funding this gratuity, payable every year. In accordance with the gratuity funds rules, actuarial valuation of gratuity liability is calculated based on certain assumptions regarding rate of interest, salary growth, mortality and staff attrition as per the projected unit credit actuarial method. The investment of the funds is made according to investment pattern prescribed by the Government of India. The gratuity payable is worked out by way of 3 different schemes and the entitlement is based on what is most beneficial to employees. B- 1.3 PENSION B. 1.3.1 Bank of Baroda pays pension, a defined benefit plan covering the employees who have opted for pension and also to the employees joining the banks service on or after 29.9.1995 but before 01.04.2010. The plan provides for a pension on a monthly basis to these employees on their cessation from Banks service in terms of Bank of Baroda (Employees) Pension Regulations, 1995. Employees covered under Bank of Baroda (Employees) Pension Regulations, 1995 are not eligible for Banks contribution to Provident fund. B. 1.3.2 New Pension Scheme In terms of Bipartite Settlement and Joint Note dated 27.04.2010 between IBA and Employees Organisations on extending another option for pension, employees joining the services of the Bank on or after 01.04.2010 are eligible for the Defined Contributory Pension Scheme, which is introduced by the Bank in terms of the Joint Note / Settlement dated 27.04.2010, similar to the one governed by the provisions of New Pension Scheme introduced for the employees of Central Government w.e.f. 01.01.2004 and as modified from time to time. Hence they are not eligible for becoming members of Banks Provident Fund Scheme and Pension Scheme. In respect of the employees of the Bank who have joined the services of the Bank on or after 01.04.2010, deduction towards
yeQke DeHeves Ssmes kece&eeefjeeW kees, pees efke yeQke mesJee mes mesJeeefveJe=e DeLeJee mesJeeleeie kejles nQ, ieeger kee Yegieleeve kejlee nw. yeQke Heleske Je<e& Yegieleeve s keer peeves Jeeueer Fme ieeger keer hebef[ie kes efueS Ske Deebleefjke veeme kees s DebMeoeve jeefMe Heoeve kejlee nw. ieeger efveefOe kes efveeceeW kes DevegHe yeepe s oj, Jesleve Je=e, ce=leg oj Deewj mesJee es[ves Jeeues mehe kee Devegceeve ueieeles f ngS, Heefjueef#ele FkeeF& $e+Ce yeerceebekeke Heefle kes DeeOeej Hej ieeger oselee kes f s yeerceebekeke cetue keer ieCevee keer peeleer nw . f efveefOeeeW kee efveJesMe Yeejle mejkeej eje efveOee&efjle efveJesMe Heefle kes Devegmeej efkeee peelee nw . Yegieleeve keer peeves Jeeueer ieseger keer ieCevee 3 efJeefYevve eespeveeDeeW kes lejerkes mes keer peeleer nw leLee Fmekes efueS kece&eeefjeeW kes efueS Hee$elee pees kece&eeefjeeW kes efueS DeefOeke ueeYekeejer nes, Gmekes DeeOeej Hej keer peeleer nw. Ke-1.3 HeWMeve Ke-1.3.1 yeQke Dee@He] ye[ewoe DeHeves kece&eeefjeeW, efpevneWves HeWMeve kee efJekeuHe egvee nw Deewj Ssmes kece&eeefjeeW kees, efpevneWves 29.09.1995 kees Hejbleg 01.04.2010 kes HetJe& yeQke mesJee ceW keee&Yeej mebYeeuee nw, GvnW efJeefveefo&< ueeYe leLee mesJee efveJe=efe eespevee kes Debleie&le HeWMeve kee Yegieleeve kejlee nw. en eespevee kece&eeefjeeW kees ceeefmeke DeeOeej Hej yeQke Dee@He] ye[ewoe (kece&eejer) HeWMeve efJeefveece, 1995 kes DeOeerve Gvekes yeQke es[ves kes Heeeled HeWMeve eoeve kejves keer megefJeOee eoeve kejleer nw. yeQke Dee@He] ye[ewoe (kece&eejer) HeWMeve efJeefveece, 1995 Debleie&le Meeefceue kece&eejer YeefJe<e efveefOe ceW yeQke kes DebMeoeve kes efueS Hee$e veneR nw.
Ke-1.3.2 veF& heWMeve eespevee heWMeve kee ogyeeje efJekeuhe osves kes yeejs ceW Yeejleere yeQke mebIe Deewj kece&eejer mebie"veeW kes yeere ngS efhe#eere mecePeewles Deewj mebege vees efoveebke 27.04.2010 kes Devegmeej efoveebke 01.04.2010 kees ee Fmekes heeele yeQke keer mesJee ceW heJesMe kejves Jeeues kece&eejer heefjYeeef<ele DebMeoeeer heWMeve eespevee kes efueS hee$e nQ pees efke yeQke ves mebege vees/mecePeewles efoveebke 27.04.2010 kes Devegmeej Meg keer nw. en eespevee efoveebke 01.01.2004 mes kesvere mejkeej kes kece&eeefjeeW kes efueS Meg keer ieF& leLee mecee-mecee hej eLeemebMeeseOele veF& hesMeve eespevee kes f heeJeOeeveeW mes ner efveebe$ele nesleer nw. Dele: Jes yeQke keer YeefJe<e efveefOe eespevee leLee f heWMeve eespevee kee meome yeveves kes efueS hee$e veneR nQ. efoveebke 01.04.2010 kees DeLeJee Fmekes heeeled yeQke mesJeeDeeW ceW heJesMe kejves Jeeues yeQke kes kece&eeefjeeW kes mebyebOe ceW kegue heefjueeqyOeeeW mes Jesleve leLee cenbieeF& Yees keer 10% keer oj mes
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2011-12
veF& heWMeve eespevee kes efueS keewleer Deewj Fmekes mecelegue ner yeQke eje DebMeoeve efkeee pee jne nw.
New Pension Scheme at the rate of 10% of the pay and Dearness Allowance from the salary with a matching contribution by Bank is being made. B-1.3.3 Prudential Regulatory treatment (reopening of Pension) During the year 2010-11, the Bank had reopened the pension option for such of its employees who had not opted for the pension scheme earlier. As a result of exercise of which by 18,989 employees, the Bank had incurred a liability of `1829.90 Crores. In terms of the requirements of AS 15 - Employee Benefits, the entire amount of `1829.90 Crores was required to be charged to the Profit and Loss Account. However, the RBI had issued a circular no. DBOD. BP.BC.80/21.04.018/2010-11 on Re-opening of Pension Option to Employees of Public Sector Banks and Enhancement in Gratuity Limits Prudential Regulatory Treatment, dated February 9, 2011. In accordance with the provisions of the said Circular, the Bank has charged an amount of `731.96.Crores (representing two-fifth of `1829.90 Crores) upto March 31, 2012. The unrecognised balance amount of `1097.94 Crores shall be accounted for and charged off over the balance period stipulated in the said circular. This amount does not include any employees relating to separated/ retired employees. B-1.4 PROVIDENT FUND The Bank is statutorily required to maintain a provident fund as a part of its retirement benefits to its employees who joined Banks service on or before 31.03.2010. This fund is administered by a Bank managed trust. Each employee contributes 10% of their basic salary and eligible allowances and the Bank contributes an equal amount to the fund. The investment of the fund is made according to investment pattern prescribed by the Government of India. B- 1.5 LEAVE ENCASHMENT An employee is entitled to encash privilege leave standing to his/her credit subject to a maximum of 240 days on the date of superannuation/Voluntary Retirement/death. However, on resignation, an employee is entitled to get encashment to the tune of 50% of the privilege leave standing to the credit subject to a maximum of 120 days. B- 1.6 ADDITIONAL RETIREMENT BENEFIT The scheme for additional retirement benefit provides that an officer on his Retirement/ Voluntary retirement/ Death shall be eligible for additional retirement benefit, provided he had completed-25-years of service in Bank. In the same manner, award staff member on Retirement/ Voluntary Retirement/ Death shall be eligible for additional retirement benefit, provided he had completed 30-years of service in Bank. However, in case of dismissal, discharge, termination, compulsory retirement and resignation additional retirement benefit shall not be payable, irrespective of any number of years of service
Ke-1.6 Deefleefjkele mesJeeefveJe=efe ueeYe Deefleefjkele mesJee efveJe=efe ueeYe kes efueS eespevee kes Debleie&le keesF& DeefOekeejer DeHeveer mesJeeefveJe=efe /mJewefke mesJee efveJe=efe /ce=leg Hej Deefleefjkele mesJee efveJe=efe ueeYe Heeves kee nkeoej nesiee yeMelex efke Gmeves yeQke ceW 25 Je<eeX keer mesJee Hetjer kej ueer nes. "erke Fmeer lejn, DeJee[& me@He meome mesJee efveJe=efe /mJewefke mesJee efveJe=efe/ ce=leg nesves Hej Deefleefjkele mesJee efveJe=efe ueeYe Heeves kes efueS nkeoej neWies yeMelex Gmeves yeQke mesJee ceW 30 Je<eeX keer mesJee Hetjer kej ueer nes . leLeeefHe, yeKee&mleieer, mesJee cegefkele, mesJee meceeefHle, DeefveJeee& mesJee efveJe=efe Deewj mesJee leeie keer efmLeefle ceW mesJee keeue kes Je<eeX keer mebKee hej Oeeve ve jKeles ngS Deefleefjkele mesJee efveJe=efe ueeYe kee Yegieleeve veneR efkeee peeSiee.
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B- 1.7Disclosures Principal Actuarial Assumptions [Expressed as Weighted Averages] ( ` kejes[ ceW / ` in Crores)
PENSION
HeWMeve
eespevee kee mJehe TYPE OF PLAN DeJekeeMe vekeoerkejCe ieseger Deefle. mesJee ueeYe
GRATUITY 8.50% 4.00% 2.00% 8.00% ARB 8.50% 4.00% 2.00% -
Discount rate Salary Escalation Rate Attrition Rate Expected Rate of Return on plan Assets
HeWMeve
DeJekeeMe vekeoerkejCe
559.91 48.43
ENCASHMENT
ke) 1/4/2010 kees HeerJeerDees Ke) pees[sb: yeepe keer ueeiele ie) pees[sb: eeuet mesJee ueeiele Ie) IeeeW: ueeYe Yegieleeve *) pees[sb: efheueer mesJee ueeiele (efveefnle ueeYe) Ie) 31.03.2012 kees HeerJeerDees
a) PVO as at 01.04.2011 b) Add- Interest Cost c ) Add- Current Service Cost d) Less- Benefits Paid e) Add- Actuarial loss/gain(-) on obligation f) PVO as at 31.03.2012
eespevee DeeefmleeeW kes Gefele cetue kes DeejbefYeke Mes<e SJeb Debeflece Mes<e kee meceeOeeve
Reconciliation of opening & closing balance of fair value of plan assets ( ` kejes[ ceW / ` in Crores)
ieseger
183
2011-12
eespevee kee mJehe TYPE OF PLAN Deefle. mesJee ueeYe PENSION GRATUITY ENCASHMENT ARB HeWMeve DeJekeeMe vekeoerkejCe LEAVE ieseger
ke) oeefelJe kee HeerJeer Ke) eespeveeiele DeeefmleeeW kee Gefele cetue ie) Devlej Ie) DeefveOee&efjle mebeceCeMeerue oselee *) leguevehe$e ceW ceeve oselee
a) PV of obligation b) Fair value of plan assets c) Difference d) Unrecognised transitional liability e) Liability Recognised in the BS 7033.55 5740.29 1293.26 1097.94 195.32 566.01 566.01 566.01 1416.85 1308.84 108.01 108.01 446.62 446.62 446.62
eeuet mesJee ueeiele yeepe ueeiele eespeveeiele Deeefmle Hej mebYeeefJele efjve& eqveOee&efjle efheueer mesJee ueeiele (-) Je<e& kes oewjeve mebeceCeere oselee ueeYe neefve Keeles ceW efveOee&efjle Kee&
a) b) c) d) e)
Current Service Cost Interest Cost Expected Return on Plan Assets Net Actuarial Loss/gain(-) Transitional liability recognized in the year
-28.07
378.98 671.88
39.20 93.46
37.60 145.63
45.40 80.97
Deieueer DeJeefOe (2012-13) kes efueS mebYeeefJele DebMeoeve efJeJejCe mebYeeefJele DebMeoeve efveJesMe Hewve& efJeJejCe kesvere mejkeej eefleYetefleeeb jepe mejkeej eefleYetefleeeb keeheexjs (heerSmeet) keeheexjs (heeFJes) Deve kegue
Expected contribution for next period (2012-13) ( ` kejes[ ceW / ` in Crores) Particulars Expected contribution investment Pattern Particulars Central Government Securities State Government Securities Corporate (PSU) Corporate (Private) Others Total
HeWMeve / Pension
401.57
iesegerr / Gratuity
136.01 ( ` kejes[ ceW / ` in Crores)
184
2011-12
^spejer
Retail Banking
efjsue yeQeEkeie
Total
kegue
Particulars
jepemJe heefjCeece Deveeyebefle Kee& heefjeeueveiele ueeYe Deeekej efJeefMe< ueeYe/ neefve Meg ueeYe Deve metevee mesieceW Deeefmleeeb Deveeyebefle Deeefmleeeb mesieceW oseleeSb Deveeyebefle oseleeSb
Revenue Result Unallocated Expense Operating Profit Income taxes Extra-ordinary Profit/loss Net Profit Other Information Segment Assets Unallocated Assets
Current Yr Prev Year Current Yr Prev Year Current Yr Prev Year Current Yr Prev Year Current Yr Prev Year 7325.07 5597.84 13132.6 9840.82 8488.31 5983.4 4150.07 3273.04 33096.05 24695.1 887.72 882.51 965.87 1702.31 2782.37 1341.07 2959.73 2750.61 7595.69 1569.89 6025.80 1018.84 5006.96 6676.5 1026.18 5650.32 1408.64 4241.68 -
eeuet Je<e&
efheuee Je<e&
efheuee Je<e&
eeuet Je<e&
efheuee Je<e&
eeuet Je<e&
efheuee Je<e&
eeuet Je<e&
efheuee Je<e&
103694.34 85948.22 140207.90 116375.42 63161.52 53954.06 135618.27 99218.99 442682.03 355496.69 4639.44 2900.49
447321.47 358397.18 97324.89 80901.71 131595.59 109542.36 59281.81 50786.11 127287.87 93393.28 415490.16 334623.46 4354.46 2730.18
]kegue oseleeSb Total Liabilities efveeesefpele Hetbpeer Capital Deveeyebefle kegue Hetbpeer
employed Unallocated Total Capital
419844.62 337353.64 6369.46 5046.51 8612.31 6833.07 3879.71 3167.95 8330.39 5825.71 27191.87 20873.24 284.98 170.3
27476.85 21043.54
Part B Geographic Segments ( ` kejes[ ceW / ` in Crores) Debleje&^ere International eeuet Je<e& Current Yr 4,032.74 1,27,861.71 efheuee Je<e& Prev. Yr 2,951.23 90,767.70 kegue Total eeuet Je<e& Current Yr 33,096.05 4,47,321.47 efheuee Je<e& Prev. Yr 24,695.10 3,58,397.18
mesieceW efJeJejCe
Segments Particulars
185
2011-12
Notes on Segment Reporting 1. As per guidelines of RBI on compliance with Accounting Standards AS-17, The 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 Employed of International operations is included in other banking operations. Names of the Related Parties and their relationship with the Bank: (a) Subsidiaries (i) (ii) (iii) (iv) (v) (vi) (vii) (ix) (x) (xi) (xii) BOB Capital Markets Limited BOB Cards Limited The Nainital Bank Limited Bank of Baroda (Botswana) Limited Bank of Baroda (Kenya) Limited Bank of Baroda (Uganda) Limited Bank of Baroda (Guyana) Inc. Bank of Baroda (Tanzania) Limited Baroda Capital Markets (Uganda) Limited. (Subsidiary of Bank of Baroda Uganda Ltd.) BOB Trinidad & Tobago Ltd. Bank of Baroda (Ghana) Ltd.
2. 3. 4. 5.
DeeF&meerSDeeF& eje mesieceW efjHeexeEie Hej peejer uesKee ceeveke S.Sme.-17 keer DevegHeeuevee nsleg Yeejleere efjpeJe& yeQke kes ceeie&efveoxMeeW kes Devegmeej yeQke ves Yeejleere efjpeJe& yeQke eje peejer mesieceW efjHeesefie Hej S.Sme.-17 kes meeLe DevegHeeuevee kes GsMe kes efueS ^spejer heefjeeueve, Leeske, Kegoje Deewj Deve yeQefkebie HeefjeeueveeW kees HeeLeefceke efyepevesme mesieceW kes He ceW leLee Iejsuet Deewj Debleje&<^ere kees efleere/Yeewieesefueke mesieceW kes He ceW Deheveeee nw. mesieceW jepemJe yeee ieenkeeW mes HeeHle jepemJe kee HeefleefveefOelJe kejlee nw. mesieceW HeefjCeece lee kejles mecee, yeQke ves efveefOe DeblejCe cetue efveOee&jCe HeCeeueer kees DeHeveeee nw. Heleske mesieceW kes efueS ueieeeer ieeer Hebtpeer mesieceW keer DeeefmleeeW kees DevegHeeefleke DeeOeej Hej Deeyebefle kej oer ieeer nw. Deve yeQefkebie heefjeeueveeW ceW heefjCeece jepemJe leLee ueieeeer ieeer hetbpeer ceW Debleje&^ere heefjeeueveeW mes mebyebefOele Deebke[s Yeer Meeefceue nQ.
2. 3. 4. 5.
Ke-3. mebyebefOele heeea ekeerkejCe (SSme-18) mebyebefOele heeef&eeW kes veece SJeb yeQke kes meeLe Gvekes mebyebOe ke) Deveg<ebefieeeb i) yee@ye kewefheue ceekex efueefces[ ii) yee@ye kee[&dme efueefces[ iii) vewveerleeue yeQke efueefces[ iv) yeQke Dee@He ye[ewoe (yeeslmeJeevee) efueefces[ v) yeQke Dee@He ye[ewoe (kesefveee) efueefces[ vi) yeQke Dee@He ye[ewoe (etieeb[e) efueefces[ vii) yeQke Dee@He ye[ewoe (iegeevee) DeeF&Svemeer. viii) yeQke Dee@He ye[ewoe (etkes) efueefces[ ix) yeQke Dee@He ye[ewoe (lebpeeefveee) efueefces[ x) ye[ewoe kesefheue ceekexdme (etieeb[e) efueefces[ (yeQke Dee@He ye[ewoe etieeb[e efueefces[ keer Deveg<ebieer) xi) yee@ye ef$eefveoeo Je esyeeiees efue. xii) yeQke Dee@]He ye[ewoe (Ieevee) efue. xiii) yeQke Dee@]He ye[ewoe (vetpeerueQ[) efue. (Ke) meneesieer FkeeFeeb
i) ii) iii) iv) v) vi) vii)
ye[ewoe Gej eosMe eeceerCe yeQke vewveerleeue Deucees[e #es$eere eeceerCe yeQke ye[ewoe jepemLeeve eeceerCe yeQke ye[ewoe iegpejele eeceerCe yeQke PeeyegDee-Oeej #es$eere eeceerCe yeQke ye[ewoe Heeeesefveej Smes cesvespeceW keb. efue. Fb[es peebefyeee yeQke efueefces[
(b)
Associates (i) (ii) (iii) (iv) (v) (vi) (vii) Baroda Uttar Pradesh Gramin Bank Nainital-Almora Kshetriya Gramin Bank Baroda Rajasthan Gramin Bank Baroda Gujarat Gramin Bank Jhabua-Dhar Kshetriya Gramin Bank Baroda Pioneer Asset Management Co. Ltd. Indo Zambia Bank Limited India First Life Insurance Company Ltd. India International Bank (Malaysia) Bhd.
(c)
Fbef[ee Hem& ueeFHe FbMetjWme keb. efue. Fbef[ee FbjvesMeveue yeQke (ceuesefMeee) yeerSe[er
186
2011-12
veece
Designation
heoveece
Shri M.D.Mallya
* FmeceW "s Jesleve-Deeeesie keer yekeeee jeefMe leLee eeslmeenve jeefMe Meeefceue nw.
mebyebefOele heeea ef[mkeueespej kes S Sme-18 kes hewje 9 kes cesvepej Deveg<ebefieeeW Deewj meneesieer yeQkeeW kes meeLe mebJeJenej kee ekeerkejCe veneR efkeee ieee nw, pees jepe efveeefv$ele GheeceeW kees Deve mebyebefOele heeef&eeW kes meeLe Deheves uesve-osveeW mes mebyebefOele efkemeer ekeej kee ekeerkejCe kejves mes jeskelee nw, pees Yeer jepe efveebef$ele nw.
* Amount includes arrears on account of VI pay commission and incentives. The transactions with the Subsidiaries and Associate Banks have not been disclosed in view of para 9 of the (AS) 18 Related Parties Disclosure, which exempts state controlled enterprises from making any disclosure pertaining to their transactions with other related parties which are also state controlled. B-4. Earning Per Share (AS-20)
Ke-4. eefle Mesej Depe&ve (SSme-20) efJeJejCe kej kes yeeo Meg ueeYe (. kejes[ ceW) MesejeW keer mebKee (Jess[) eefle Mesej yegefveeeoer Je [eeuets[ Depe&ve eefle Mesej Debefkele keercele Ke-5. Deee kej keer ieCevee (SSme-22)
Particulars
Net profit after tax (` In Crores) Number of Shares (weighted) Basic & diluted earning per share Nominal value per share
eeuet Je<e&
efheuee Je<e&
DeeF&meerSDeeF& eje peejer Deee Hej kej keer ieCevee nsleg SSme-22 keer pejleeW kee yeQke ves Heeueve efkeee nw leLee leodvegmeej DeemLeefiele kej Deeefmleeeb leLee oseleeSb efveOee&efjle keer ieF& nQ. 31 ceee&, 2012 kees DeemLeefiele kej oseleeDeeW kee ves yewueWme `255.97 kejes[ nw, pees Fme ekeej nw :-
B-5. Accounting for Taxes on Income (AS-22) The Bank has complied with the requirements of AS 22 on Accounting for Taxes on Income issued by ICAI and accordingly deferred tax assets and liabilities are recognized. The net balance of deferred tax liabilities as on 31st March 2012 amounting to ` 255.97 Crores consists of the following: ( ` kejes[ ceW / ` in Crores) 31.03.2012 31.03.2011 Asset -
Deeefmleeeb
Asset -
Liability 89.93
oselee
Deeefmle
Liability 52.29
oselee
Deeue DeeefmleeeW hej Deeekej DeefOeefveece kes lenle Difference between book depreciation and Depreciation under Income Tax Act on yener cetueeme leLee cetueeme ceW Deblej
fixed assets
Deeekej DeefOeefveece, 1961 keer Oeeje 36(1)(viii) Deduction under section 36 (1) (viii) of the Income-Tax Act, 1961 kes Devleie&le keewleer heefjhekeJelee kes efueS Oeeefjle (SeerSce) eefleYetefleeeW Depreciation on HTM Securities hej cetueeme Deeekej DeefOeefveece keer Oeeje 40 (S) (DeeF&S) kes Amount disallowed U/S 40 (a) (ia) of the IT Act Devleie&le iewj Devegcele jeefMe DeJekeeMe vekeoerkejCe kes efueS eeJeOeeve mebefoiOe $e+CeeW leLee DeeqeceeW (efJeosMeer) kes efueS eeJeOeeve pees[ Meg DeemLeefiele kej oseleeSb
Provision for leave encashment Provision for doubtful debts and advances (foreign) Total: Net Deferred Tax Liabilitiy
187
2011-12
B-6. Discontinuing operations (AS 24) During the financial year 2011-12 the bank has not discontinued the operations of any of its branches, which resulted in shedding of liability and realization of the assets and no decision has been finalized to discontinue an operation in its entirety, which will have the above effect. B-7. Impairment of Assets (AS-28) In view of the absence of indication of material impairment within the meaning of clause 5 to clause 13 of AS 28 Impairment of Assets, no impairment of fixed assets is required in respect of current financial year. B-8. Provisions, Contingent Liabilities and Contingent Assets (AS-29) B-8.1 Movement of provisions for Liabilities (excluding provisions for others) ( ` kejes[ ceW / ` in Crores)
efJeeere Je<e& 2011-12 kes oewjeve yeQke ves Deheveer efkemeer Yeer MeeKee kees yebo kejves mebyebOeer keee&Jeener veneR keer nw, efpememes efke oseleeDeeW kees kece kejkes DeeeqmleeeW keer Jemetueer keer pee mekes Deewj mebhetCe& yeQke mlej hej Deheves heefjeeueve ceW efkemeer keee&Jeener keer meceeeqhle, efpememes Ghejese heYeeJe he[s, mebyebOeer efveCe&e veneR efueee ieee nw.
Ke-7. DeeefmleeeW kee Devepe&ke yevevee (SSme-28)
uesKee ceeveke-28 DeeefmleeeW kee FbhesejceW kes Keb[ 5 mes Keb[ 13 kes Debleie&le keesF& cenlJehetCe& GuuesKe ve nesves kes heuemJehe eeuet efJeeere Je<e& ceW Deeue mebheefe kee keesF& Yeer FbhesejceW pejer veneR nw.
Ke-8. eeJeOeeve, Deekeefmceke oseleeSb leLee Deekeefmceke Deeefmleeeb (SSme-29) Ke-8.1 oseleeDeeW kes efueS eeJeOeeveeW kee mebeueve (Deve kes efueS eeJeOeeveeW kees es[kej)
efJeJejCe cegkeoceW / Deekeefmceke Keex 1 Deewue 2011 kees Mes<e Je<e& kes oewjeve eoe 31 ceee& 2012 kees Mes<e DeeGHeuees/DeefveefMeleleeDeeW kee mecee
Particulars Legal Cases / contingencies Balance as on 1st April 2011 Provided during the year Balance as on 31st March 2012 Timing of outflow / uncertainties
eeuet Je<e&
efheuee Je<e&
Outflow on settlement/crystallization
yeQke ves Ske veerefle efveOee&efjle keer nw efpemekes Devegmeej yeQke kes efJe oeJeeW kees $e+Ce kes he ceW mJeerkeej veneR efkeee peelee nw.
The Bank has provided for claims against the bank which have not been acknowledge as debt as per the policy framed by it. B-8.2 Contingent Liabilities Such liabilities as mentioned at Serial No (I) to (VI) of Schedule 12 of Balance Sheet are dependent upon, the outcome of court, arbitration, out of court settlement, disposal of appeals, the amount being called up, terms of contractual obligations, development and raising of demand by concerned parties respectively. No reimbursement is expected in such cases. C. Other Notes to Accounts Initial matching of debit and credit outstanding entries in various heads of accounts included in Inter office Adjustments has been completed upto 31.03.2012, the reconciliation of which is in progress. C-2. Capital During the year, the Bank has allotted 1,95,77,304 equity shares of ` 10/- each at a premium of ` 830.10 per share to Life Insurance Corporation of India as determined by the Board in accordance with regulation 76 (1) of SEBI Issue of Capital and Disclosures Requirements Regulation on preferential basis. The total amount of capital received by the Bank on this account is `1644.69 Crores. C-1. Balancing of Books and Reconciliation
Ke-8.2 Deekeefmceke oseleeSb leguevehe$e kes Mes[etue 12 kes e.meb.(i) mes (iv) ceW G=le Ssmeer oseleeSb Deoeuele kes efveCe&e, hebe Hewmeues, Deoeuele kes yeee efvemleejCe, Deheerue kee efveheeje, ceebieer ieF& jeefMe, DevegyebOeve oeefelJeeW kes mebyebOe ceW, eceMe: mebyebefOele heee|eeW eje keer ieF& ceebieeW hej efveYe&j kejleer nQ. Ssmes ceeceueeW ceW keesF& heeflehete|le Dehesef#ele veneR nw.
ie. ie-1. uesKeeW Hej Deve efHHeefCeeeb yeefneeW kee efceueeve SJeb meceeOeeve Deblej keeee&uee meceeeespeve kes Debleie&le uesKeeW kes efJeefYeVe Meer<eeX ceW veeces SJeb pecee keer yekeeee heefJeeqeeW kes heejbefYeke efceueeve kee keee& meceeOeeve kes heeespeve nsleg 31.03.2012 leke kej efueee ieee nw. FmeceW Gefele meceeOeeve kee keee& heieefle hej nw. ie-2. Hetbpeer Je<e& kes oewjeve, yeQke ves efveosMeke ceb[ue kes Devegceesove mes mesyeer DeeF&meer[erDeej efJeefveeceve kes efJeefveece 76(1) kes Devegmeej Yeejleere peerJeve yeercee efveiece kees efheHejWefMeeue DeeOeej hej .10/- heleske kes 1,95,77,304 FeqkeJeer MesejeW kees .830.10 heefle Mesej kes heerefceece hej Deeyebefle efkeS nQ. Fmekes HeuemJehe, yeQke kees .1644.69 kejes[ keer kegue jeefMe hetbpeer kes he ceW heehle ngF&.
188
2011-12
C-3. Capital Reserves Capital Reserve includes appreciation arising on revaluation of immovable properties and amount subscribed by Government of India under the World Banks Scheme for Export Development Projects for small / medium scale industries. C-4. Investments C-4.1 In terms of RBI Guidelines, during the year, the bank has transferred a portion of Government Securities (SLR) kept in Available for Sale category to Held to Maturity category. The resultant depreciation of `49.01 Crores (previous year `75.80 Crores) has been charged to the Profit & Loss Account. C-4.2Profit on sale of investments held under Held to maturity category amounting to ` 44.20 Crores has been taken to the Profit and Loss Account and thereafter an amount of `.22.40 Crores has been appropriated to the Capital Reserve, net of taxes and amount transferred to Statutory Reserve under section 17 of the Banking Regulation Act, 1949. C-5 Provision for Taxes C-5.1 Provision for Taxes has been arrived at after due consideration of decisions of the appellate authorities and advice of counsels. C-5.2 Tax paid in advance /tax deducted at source appearing under Other Assets amounting to `1993.11 Crores (previous year `1316.28 Crores) represents amounts adjusted by the department / paid by the Bank in respect of disputed tax demands for various assessment years. No provision is considered necessary in respect of the said demands, as in the banks view, duly supported by counsels opinion and / or judicial pronouncements, additions / disallowances made by the Assessing Officer are not sustainable. C-5.3 The Bank has claimed deduction under section 36(1) (viii) of the Income-tax Act,1961 in respect of the eligible business as specified in the said section and has accordingly transferred a sum of ` 533.85 Crores to the corresponding Special Reserve account and reported under Other Reserve. C-6. Premises C-6.1 Execution of conveyance deeds is pending in respect of certain properties at ` 78.37 Crores (Previous Year `.88.63 Crores) (Original Cost). C-6.2 Certain properties of the Bank are stated at revalued amounts. The gross amount of the revaluation included in premises as at the year `1777.43 Crores (including `30.55 Crores at overseas offices) and net of depreciation the revaluation amounts to `1173.68 Crores (Previous Year `1242.49 Crores). C-6.3 Premises include assets under construction/acquisition amounting to ` 51.87 Crores (Previous Year ` 43.77 Crores). C-7. BOB Fiscal Services Limited (BOBFSL), erstwhile wholly owned subsidiary of Bank of Baroda, had passed a special resolution for voluntary winding up of the company on 24.09.1990 and the liquidator was appointed for the same. BOBFSL entered into an agreement with Bank of Baroda pursuant to which entire assets and liabilities of BOBFSL
189
2011-12
Gmekes hetCe& JeJemeee kes meceeheve kes HeuemJehe Ske ieesFbie kebmeve&/efyeeer kes he ceW yeQke Dee@]He ye[ewoe kees mLeeveebleefjle kej efoS ieS. etbefke kebheveer efJeeejeOeerve keevetveer ceeceues kes keejCe hetCe& he mes heefjmeceehle veneR keer pee mekeleer Leer Dele: efoveebke 30 ceee& 2007 kees yee@ye SHeSmeSue keer Jeee|<eke meeceeve yew"ke ceW yee@ye SHeSmeSue kees yeQke Dee@]He ye[ewoe ceW Meeefceue kejves kee efveCe&e efueee ieee. yeQke Dee@]He ye[ewoe kes meeLe cewmeme& yee@ye efHemekeue mee|Jemesme efue. kes meceecesueve kees yeQke keer efoveebke 28.01.2009 kees Deeeesefpele yes"ke ceW Devegceesefole efkeee ieee Deewj Ge veeeeuee kes meccegKe yee@ye kes meeLe yee@ye SHeSmeSue meceecesueve nsleg DeeJeMeke eeefekee ope& kejves kes efueS yee@ye kees heeefOeke=le efkeee. ie-8 yeQke ves Yeejleere efj]peJe& yeQke kes he$e meb.etyeer[er.meerDees.SceF&DeejDeesF&Deej veb. 7814/09.16.901/2010.11 efo. 4 ceee&, 2011 ceW efoS ieS Devegceesove kes Devegmeej cesceve kees-Dee@hejsefJe yeQke efueefces[ keer efJeefvee|o DeeeqmleeeW SJeb oseleeDeeW kee DeefOeienCe efoveebke 18.04.2011 kees efkeee. Ge DeefOeienCe kes heefjCeecemJehe ` 149.25 kejes[ kes ngS Iees ceW mes yeQke ves 31 ceee& 2012 kees meceehle Je<e& kes oewjeve ` 49.75 kejes[ keer jeefMe ueeYe SJeb neefve Keeles ceW heYeeefjle keer nw. Yeejleere efj]peJe& yeQke kes he$e meb. [eryeerDees[er.meb.yeerheer. 1311/21.01.048/2012-11 efo. 25 pegueeF&, 2011 ceW efoS ieS Devegceesove kes Devegmeej ` 99.50 kejes[ keer Mes<e jeefMe efJeeere Je<e& 2013-14 leke keer Mes<e DeJeefOe kes oewjeve Deevegheeefleke he mes heYeeefjle keer peeSieer. ie-9 yeQke ves peceeveleer DeJeceeveke DeefieceeW hej 15% keer efJeefveeeceke DeeJeMekelee keer leguevee ceW 20% kee heeJeOeeve efkeee nw. Fmekes Deefleefje yeQke ves keg Devepe&ke Iejsuet Deefiece KeeleeW ceW 31 ceee& 2012 kees ` 342.79 kejes[ (efheues Je<e& ` 320.08 kejes[) kee Deefleefje leoLe& heeJeOeeve efkeee nw. ie-10 efveosMeke ceb[ue ves 17 hees heefle Mesej (`10 kes Debefkele cetue hej) ueeYeebMe hemleeefJele efkeee nw pees efke yeQkekeejer efJeefveeceve DeefOeefveece, 1949 keer Oeeje 15 kes Devegheeueve Deewj yeQkekeejer efJeefveeceve DeefOeefveece, 1949 keer Oeeje 53 kes lenle Yeejle mejkeej eje Fme DeeMee keer peejer keer peeves Jeeueer hejJeleea DeefOemetevee Deewj MesejOeejkeeW kes Devegceesove kes DeOeOeerve nw. ie-11 ceewpetoe DeJeefOe / Je<e& kes JeieeakejCe kes leoveghe, peneb keneR DeeJeMeke nw, efheueer DeJeefOe / Je<e& kes Deebke[eW kees hegve: mecetnerke=le / hegve: JeJeeqmLele efkeee ieee nw.
were transferred to BOB as a going concern / as sale in liquidation of the entire business w.e.f. 28.2.1991. As the company could not be liquidated due to pending legal cases; a decision to merge BOBFSL with Bank of Baroda was taken in the Annual General Meeting of BOBFSL held on 30th March 2007. The Bank has approved the merger of BOBFSL with Bank of Baroda in its Board meeting on 28.01.2009 and authorized Bank to file necessary petition for merger of BOBFSL with BOB before the High Court. C-8. The Bank has taken over specified Assets & Liabilities of The Memon Co-operative Bank Ltd on 18th April, 2011 as per approval granted by RBI vide letter no. UBD.CO.MEROER No. 7814/09.16.901/2010.11 dated 04th March, 2011. Out of the deficit of ` 149.25 Crores on account of the said take over, the Bank has proportionately charged ` 49.75 Crores of the said deficit to the Profit and Loss Account during the year ended March 31, 2012. The balance amount of ` 99.50 Crores will be charged proportionately during the remaining period till Financial Year 2013-14, as approved by RBI vide letter no. DBOD.No.BP.1311/21.04.048/2010-11 dated 25th July, 2011. C-9. The Bank has made provision @ 20% on the Secured Substandard Advance as against the Regulatory requirement of 15%. Further the Bank has made an additional ad-hoc provision of ` 342.79. Crores for the year ended March 31, 2012 (previous year ` 320.08 Crores) in certain non performing domestic advance accounts. C-10.The Board of Directors has proposed dividend of `17/per share (on face value of `10/-) which is subject to compliance of Section 15 of Banking Regulation Act, 1949 and consequential notification to be issued to this effect by the Government of India under Section 53 of Banking Regulation Act, 1949 and approval of the shareholders. C-11. Previous Year figures have been regrouped/ rearranged wherever considered necessary to conform current year presentation.
190
2011-12
31 ceee& 2012 kees meceehle Je<e& kes efueS vekeoer eJeen efJeJejCe
Statement of Cash Flow for the year ended 31st March, 2012
(` in 000's
ke. Heefjeeueve keee&keueeHeebs mes vekeoer HeJeen : kej mes HetJe& Meg ueeYe efvecveefueefKele kes efueS meceeeespeve : Deeue DeeefmleeeW Hej cetueeme efveJesMeeW Hej cetue eme (HeefjHekeJe $e+CeHe$eeW meefnle) yes Keeles [eues ieS DeMeesOe $e+Ce / iewj efve<Heeoke DeeefmleeeW kes efueS HeeJeOeeve ceeveke DeeefmleeeW kes efueS HeeJeOeeve Deve ceoeW kes efueS HeeJeOeeve (efveJeue) Deeue DeeefmleeeW keer efyeeer mes ueeYe/(neefve) (efveJeue) ieewCe $e+CeeW Hej yeepe nsleg Yegieleeve/HeeJeOeeve, (Deueie mes ef}ee ieee) Deveg<ebieer FkeeFeeW/Deve mes HeeHle ueeYeebMe (Deueie mes ef}ee ieee) GHe-pees[ efvecveefueefKele kes ef}S meceeeespeve : efveJesMeeW ceW (Je=ef) /keceer DeefieceeW ceW (Je=ef) /keceer Deve DeeefmleeeW ceW (Je=ef) /keceer GOeej jeefMeeeW ceW Je=ef /(keceer) pecee jeefMeeeW ceW Je=ef / (keceer) Deve oseleeDeeW leLee HeeJeOeeveesb ceW Je=ef /(keceer) Heoe Hele#e kej (efjHeb[ keer efveJeue jeefMe) Heefjee}ve keee&keueeHeeW mes Meg vekeoer (ke)
A.
Cash flow from operating activities: net Profit before taxes Adjustments for: Depreciation on fixed assets Depreciation on investments (including on Matured debentures) Bad debts written-off/Provision in respect of non-performing assets Provision for Standard Assets Provision for Other items (Net) Profit/(loss) on sale of fixed assets (Net) Payment/provision for interest on subordinated debt (treated separately) Dividend received from subsidiaries/ others (treated separately) Sub total Adjustments for: (Increase)/Decrease in investments (Increase)/Decrease in advances (increase)/Decrease in other assets Increase/(Decrease)in borrowings Increase/(Decrease) in deposits Increase/(Decrease) in other liabilities and provisions Direct taxes paid (Net of Refund) net cash from operating activities (A) (12216,12,13) (60566,12,42) (3321,50,31) 1076,82,45 79431,62,40 1952,31,61 (1695,67,09) 14406,50,34 (9906,76,24) (54691,67,24) (1856,38,43) 6755,39,20 64177,55,67 689,60,16 (1431,43,54) 11778,81,32 276,56,52 236,32,83 243,04,10 9,01,27 6025,79,75 5650,32,10
1865,19,16
1050,59,74
914,36,03
846,16,11
(25,57,86)
(28,46,80)
9745,15,83
8042,51,74
191
2011-12
(` in 000's
1. vekeoer leLee vekeoer mecelegue ceW neLe ceW vekeoer, Yeejleere efj]peJe& yeQke SJeb Deve yeQke kes heeme yewuesvme Deewj ceebie SJeb Deuhe metevee hej Oeve meceeefJe nw.
2.
vekeoer leLee vekeoer mecelegue kes Ieke vekeoer SJeb Yeejleere efj]peJe& yeQke kes heeme yewueWme yeQkeeW kes heeme yewueWme Deewj ceebie SJeb Deuhe metevee hej Oeve kegue
2.
192
2011-12
193
2011-12
oseleeDeeW kees ske DeesJej kejves mes 31.03.12 kees ngS iewj ceevelee eeHle Iees keer kegue 99.50 kejes[ keer jeefMe kees Je<e& 2013-14 leke DeevegHeeefleke DeeOeej Hej neee peees. 7. nceejer jee ceW, yeQke keer yeefneeW ceW oMee&S ieS Devegmeej leLee nceejer DeefOekelece peevekeejer Deewj nceW efoS ieS mheerkejCeeW kes Devegmeej : i vees kes meeLe Heef"le en legueve-He$e HetCe& Deewj mener nw, efpemeceW DeeJeMeke efJeJejCe efoS ieS nQ Deewj Fmes eLeesefele {bie mes yeveeee ieee nQ, efpememes efke, Yeejle ceW meeceevele: mJeerkeee& uesKeebkeve efmeebleeW kes meceHe vees kes meeLe Heef"le yeQke kes 31 ceee&, 2012 kes efeeekeueeHeeW kee mener SJeb eLeeeesie efe$e meeceves Dee mekes. ii ueeYe-neefve uesKee, oer ieF& efhheefCeeeW kes meeLe heef"le Yeejle ceW meeceevele: mJeerkeee& uesKeebkeve efmeebleeW kes meceHe leLee Keeles kes Je<e& kes efueS yeQke kes mener ueeYe Mes<e kees oMee&lee nw. iii vekeoer HeJeen-efJeJejCe Gme leejerKe kees meceehle Je<e& kes oewjeve vekeoer HeJeen kee mener SJeb mHe< efJeJejCe emlegle kejlee nw. Deve efJeefOeke SJeb efveeeceke Dehes#eeSb 8. legueve-He$e Deewj ueeYe-neefve uesKee, yeQkekeejer kebHeveer DeefOeefveece, 1949 keer le=leere Devegmeteer kes eceMe: Heece& S Deewj yeer ceW yeveeS ieS nQ. 9. Ghejese Devegso 1 mes 5 ceW JeefCe&le uesKee hejer#ee meerceeDeeW Deewj yeQkekeejer (kebheveer GheeceeW kee Depe&ve SJeb DeblejCe) 1970/1980 Deewj Fvekes Devleie&le ekeerkejCe keer meerceeDeeW kes DeOeOeerve, nce metefele kejles nQ efke : i nceves DeHeves DeefOekelece %eeve SJeb efJeMJeeme kes Devegmeej uesKee-Hejer#ee nsleg DeeJeMeke meYeer peevekeejer leLee mHe<erkejCe HeeHle efkeS nQ leLee GvnW meblees<epeveke Heeee nw. ii yeQke kes mebJeJenejeW keer pees peevekeejer nceejs meeceves Deeeer nw, Jes yeQke kes DeefOekeej #es$e kes Debleie&le ner nQ. iii yeQke kes keeee&ueeeW Deewj MeeKeeDeeW mes HeeHle efJeJejefCeeeb uesKee-Hejer#ee nsleg meeceevele: Heee&Hle Heeeer ieeeR. 10. nceejer jee ceW legueve he$e, ueeYe/neefve uesKee Deewj vekeoer eJeen efJeJejCeer ceeve uesKee ceevekeeW kes Deveghe nw.
31, 2012, arising out of the take-over of specified assets and liabilities from the Memon Co-operative Bank Limited to be charged off proportionately till financial year 2013-14 as per approval received from RBI vide Letter No. DBOD. No.BP.1311/21.04.048/2010-11 dated July 25, 2011. 7 In our opinion, as shown by books of bank, and to the best of our information and according to the explanations given to us: i The Balance Sheet, read with the notes thereon is a full and fair Balance Sheet containing all the necessary particulars, is properly drawn up so as to exhibit a true and fair view of state of affairs of the Bank as at March 31, 2012 in conformity with accounting principles generally accepted in India; ii The Profit and Loss Account, read with the notes thereon shows a true balance of profit, in conformity with accounting principles generally accepted in India, for the year covered by the account; and iii The Cash Flow Statement gives a true and fair view of the cash flows for the year ended on that date. Report on Other Legal and Regulatory Requirements 8 The Balance Sheet and the Profit and Loss Account have been drawn up in Forms A and B respectively of the Third Schedule to the Banking Regulation Act, 1949. 9 Subject to the limitations of the audit indicated in paragraph 1 to 5 above and as required by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/ 1980, and subject also to the limitations of disclosure required therein, we report that; i We have obtained all the information and explanations which to the best of our knowledge and belief, were necessary for the purposes of our audit and have found them to be satisfactory; ii The transactions of the Bank, which have come to our notice have been within the powers of the Bank; and iii The returns received from the offices and branches of the Bank have been found adequate for the purposes of our audit. 10 In our opinion, the Balance Sheet, Profit and Loss Account and Cash Flow Statement comply with the applicable accounting standards.
ke=les efKecepeer kegbJejpeer SC[ keb. meveoer uesKeekeej SHeDeejSve: 105146 [yuet (ieewlece Jeer Meen) Yeeieeroej Sce. veb.: 117348
For Khimji Kunverji & Co Chartered Accountants FRN: 105146W (Gautam V. Shah) Partner M No.117348
ke=les yeeee SC[ keb. meveoer uesKeekeej SHeDeejSve: 000511 Sme (efpeleW kegceej) Yeeieeroej Sce. veb.: 201825
For Brahmayya & Co. Chartered Accountants FRN: 000511S (Jitendra Kumar) Partner M No.201825
ke=les js SC[ js meveoer uesKeekeej SHeDeejSve: 301072 F& (S. Sve. esVesceeoer) Yeeieeroej Sce. veb.: 031004
For Ray & Ray Chartered Accountants FRN: 301072E (A. N. Yennemadi) Partner M. No. 031004
ke=les Sme kes. efceeue SC[ keb. meveoer uesKeekeej SHeDeejSve: 001135 Sve (ieewjJe efceeue) Yeeieeroej Sce. veb.: 099387
For S. K. Mittal & Co. Chartered Accountants FRN: 001135N (Gaurav Mittal) Partner M. No. 099387
ke=les Sve.yeer.Sme. SC[ keb. meveoer uesKeekeej SHeDeejSve: 110100 [yuet (Sve. yeer. Meser) Yeeieeroej Sce. veb.: 016718
For N. B. S. & Co. Chartered Accountants FRN: 110100W (N. B. Shetty) Partner M No.016718
ke=les ue#ceerefveJeeme veerLe SC[ keb. meveoer uesKeekeej SHeDeejSve: 002460 Sme (ue#ceerefveJeeme Mecee&) Yeeieeroej Sce. veb.: 014244
For Laxminiwas Neeth & Co. Chartered Accountants FRN: 002460S (Laxminiwas Sharma) Partner M No.014244
194
2011-12
195
2011-12
Devegmeteer
Deeefmleeeb
Yeejleere efj]peJe& yeQke kes Heeme vekeoer Deewj Mes<e jkece yeQkeesb kes Heeme Mes<e jkece leLee ceebie SJeb DeuHe metevee Hej Heefleose jeefMe efveJesMe $e+Ce SJeb Deefece Deeue Deeefmleeeb Deve Deeefmleeeb pees[ Deekeefmceke oseleeSb Jemet}er kes efueS efyeue cenlJehetCe& uesKee-veerefleeebb uesKeeW Hej efHHeefCeeeb
ASSETS
Cash and balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice Investments Loans & Advances Fixed Assets Other Assets TOTAL Contingent Liabilities Bills for Collection Significant Accounting Policies Notes on Accounts 18 19 12 6 7 8 9 10 11 22268,34,40 43542,00,27 86697,00,36 292077,13,69 2428,19,01 10399,32,85 457412,00,58 153154,98,92 22862,48,49 20394,41,61 31029,31,11 74154,41,87 232085,11,12 2383,19,95 6167,30,91 366213,76,57 127562,35,80 18986,68,46
THej oMee&eer ieeer Devegmetefeeeb legueve-He$e kee Ske DeefYevve Yeeie nQ.
eer Sce.[er.ceuee efveosMeke
The Schedules referred to above form an integral part of the Balance Sheet.
uesKee Hejer#eke mece leejerKe keer nceejer mebueive he=Leke efjhees& kes Devegmeej ke=les efKecepeer kegBJejpeer SC[ keb. ke=les yeeee SC[ keb. ke=les js SC[ js meveoer uesKeekeej meveoer uesKeekeej meveoer uesKeekeej SHeDeejSve : 301072 F& SHeDeejSve : 105146 [yuet SHeDeejSve : 000511 Sme (ieewlece Jeer Meen) Yeeieeroej Sce. veb.: 117348 ke=les Sme kes. efceeue SC[ keb. meveoer uesKeekeej SHeDeejSve : 001135 Sve (ke=Meve mJeHe) Yeeieeroej Sce. veb.: 010633 (efpeleW kegceej) Yeeieeroej Sce. veb.: 201825 ke=les SveyeerSme SC[ keb. meveoer uesKeekeej SHeDeejSve : 110100 [yuet (eoerHe pes Meser) Yeeieeroej Sce. veb.: 046940 (S. Sve. esVesceeoer) Yeeieeroej Sce. veb.: 031004 ke=les ue#ceerefveJeeme veerLe SC[ keb. meveoer uesKeekeej SHeDeejSve : 002460 Sme (oeeefveJeeme Mecee&) Yeeieeroej Sce. veb.: 014244
eer Deeueeske efveiece eer efJeefveue kegceej mekemesvee eer Depee ceeLegj eer mele osJe ef$ehee"er eer megjW Sme Yeb[ejer eer mego&Meve mesve eer Jeer. yeer. eJneCe [e@.(eerceleer) cemej&le Meeefno eer ceewefueve S. Jew<CeJe eer jepeerye Sme meent
196
2011-12
31 ceee& 2012 kees meceehle Je<e& kee mecesefkele ueeYe Je neefve uesKee
Consolidated Profit & Loss Account for the year ended 31st March 2012 (000 Devebefkele
SCHEDULE omitted)
Devegmeteer
Year ended Year ended 31st Mar 2012 31st Mar 2011 ` ` I. Interest Earned Other Income TOTAL II. EXPENDITURE Interest Expended Operating Expenses Provisions and Contingencies TOTAL Consolidated Profit before Minority Interest and share of earning in Associates Share of earnings in Associates Consolidated Net Profit for the year before deducting Minority interest Less : Minority Interest Consolidated Profit for the year attributable to the group Deeies ueeF& ieF& ueeYe SJeb neefve Keeles ceW Balance in Profit and Loss A/c brought forward Mes<e jeefMe efJeefveeesie nsleg GheueyOe jeefMe Amount available for appropriation III. efJeefveeesie III. APPROPRIATIONS meebefJeefOeke eejef#ele efveefOe ceW DevlejCe Transfer to Statutory Reserve hetpeer eejef#ele efveefOeeeW ceW DevlejCe b Transfer to Capital Reserve Oeeje 36(1) (viii) kes lenle efJeMes<e Deejef#ele efveefOe ceW DeblejCe Transfer to Special Reserve u/s 36 (1) (viii) jepemJe SJeb Deve eejef#ele efveefOeeeW ceW DeblejCe Transfer to Revenue & Other Reserves emleeefJele ueeYeebMe (ueeYeebMe kej meefnle) Proposed Dividend (Including Dividend Tax) mecesefkele yesueWmeMeer ceW Deeies ues peeee Balance carried over to consolidated Balance Sheet ieee Mes<e efveJesMe efj]peJe& Keelee Investment Reserve Account pees[ TOTAL cenlJehetCe& uesKee-veerefleeebb Significant Accounting Policies uesKeeW Hej efHHeefCeeeb Notes on Accounts HeeleMesej Deee (yesemeke Je [eeuet[) f f s Earnings per Share (Basic & Diluted) (`.) (meebkesefleke cetue eefle Mesej `10) (Nominal value per share `10)
Deee Deefpe&le yeepe Deve Deee pees[ II. Jee yeepe Jee heefjeeueve Jee eeJeOeeve Deewj Deekeefmceke Jee pees[ ceeFveesefjer yeepe mes hetJe& mecesefkele ueeYe Deewj meneesieer FkeeFeeW ceW Deee kee DebMe meneesieer FkeeFeeW ceW Deee kee DebMe ceeFveesefjer yeepe keeves mes HetJe& Je<e& kes efueS mecesefkele Meg ueeYe IeeSb : ceeFveesefjer yeepe Je<e& kes efueS mecetn kee mecesefkele ueeYe
I. INCOME
13 14
30488,49,36 4100,41,66 34588,91,02 19724,34,35 5455,54,49 4192,73,51 29372,62,35 5216,28,67 53,12,40 5269,41,07 20,83,69 5248,57,38 138,66,20 5387,23,58 1272,75,29 47,72,04 537,15,33 2607,32,89 812,29,04 178,72,72 (68,73,73) 5387,23,58
22513,30,54 3287,10,02 25800,40,56 13349,59,66 4850,58,58 3181,02,18 21381,20,42 4419,20,14 34,71,81 4453,91,95 20,21,24 4433,70,71 82,20,34 4515,91,05 1072,74,87 209,956 3,403,987 2221,15,61 7,533,520 138,66,20 (31,40,26) 4515,91,05
15 16 19 (8)
17
18 19 19 (12)
134.01
121.64
The Schedules referred to above form an integral part of the Profit & Loss Account.
Chairman & Managing Director
THej oMee&F& ieF& Devetmetefeeeb ueeYe SJeb neefve uesKes kee ner Ske Yeeie nQ
DIRECTORS Shri Alok Nigam Shri Vinil Kumar Saxena Shri Ajay Mathur Shri Satya Dev Tripathi Shri Surendra S Bhandari Shri Sudarshan Sen Shri V B Chavan Dr (Smt) Masarrat Shahid Shri Maulin A Vaishnav Shri Rajib S Sahoo
Shri M. D. Mallya
Shri R. K. Bakshi
Executive Director Executive Director
For Khimji Kunverji & Co Chartered Accountants FRN: 105146W (Gautam V Shah) Partner M No. 117348 For S K Mittal & Co Chartered Accountants FRN: 001135N (Krishan Sarup) Partner M No. 010633
For Brahmayya & Co Chartered Accountants FRN: 000511S (Jitendra Kumar) Partner M No. 201825 For For N B S & Co Chartered Accountants FRN: 110100W (Pradeep J. Shetty) Partner M No. 046940
For Ray & Ray Chartered Accountants FRN: 301072E (A. N. Yennemadi) Partner M No. 031004 For Laxminiwas Neeth & Co Chartered Accountants FRN: 002460S (Dayaniwas Sharma) Partner M No. 014244
197
2011-12
Devegmeteer - 1 Hetbpeer HeeefOeke=le Hetbpeer (eleske `10/- kes 300,00,00,000 FefkeJeer Mesej) (efheues Je<e& eleske `10/- kes 300,00,00,000/- Mesej) peejer keer ieeer leLee DeefYeoe Hetbpeer eleske `10/- kes 41,38,56,883 FefkeJeer Mesej (efheues Je<e& eleske `10 kes 39,42,79,579 FefkeJeer Mesej) ceebieer ieF& Hetbpeer eleske `10/- kes 41,11,23,383 (efHeues Je<e& 39,15,79,579) FefkeJeer Mesej) efpemeceW eleske `10/- kes 22,32,79,579 Mesej (efHeues Je<e& 22,32,79,579 Mesej) Meeefceue nQ, efpemekeer kegue jeefMe `223.28 kejes[ kesv mejkeej eje Oeeefjle nw. pees[W : peyle Mesej pees[W Devegmeteer - 2 Heeefj#ele efveefOeeeb Deewj DeefOeMes<e i meebefJeefOeke Heejef#ele efveefOeeeb DeejbefYeke Mes<e pees[W/(IeeSb) : ueeYe SJeb neefve Keeles mes Debleefjle pees[W/(IeeSb) : Je<e& kes oewjeve meceeeespeve ii ke) Hetbpeeriele Heejef#ele efveefOeeeb (Hegvecet&ueekeve efj]peJe& meefnle) DeejbefYeke Mes<e pees[W/(IeeSb) : ueeYe SJeb neefve Keeles mes Debleefjle pees[W/(IeeSb) : Je<e& kes oewjeve meceeeespeve Ke) meceskeve hej Hetbpeeriele Heejef#ele efveefOeeeb DeejbefYeke Mes<e pees[W : Je<e& kes oewjeve meceeeespeve
iii Mesej Heerefceece
SCHEDULE - 1 CAPITAL
AUTHORISED CAPITAL (300,00,00,000 Shares of `.10/each) (previous year 300,00,00,000 shares of `.10/- each) ISSUED & SUBSCRIBED CAPITAL (41,38,56,883 Equity Shares of `10/- each(Previous Year 39,42,79,579 Equity shares of `10each) CALLED UP CAPITAL 41,11,23,383 (previous year 39,15,79,579) Equity shares of `10/- each including 22,32,79,579 shares (previous year 22,32,79,579 shares) of `10/- each amounting to `223.28 crores held by Central Government Add: Forfeited Shares TOTAL SCHEDULE - 2 RESERVES & SURPLUS i Statutory Reserves Opening Balance Add: Transfer from P&L Accounts Add/(Less): Adjustments during the year ii a) Capital Reserves
(Including Revaluation reserve)
3000,00,00
3000,00,00
413,85,69
394,27,96
Opening Balance Add/(Less): Transfer from P&L Accounts Add/(Less): Adjustments during the year b) Capital Reserve on Consolidation Opening Balance Add: Adjustments during the year iii Share Premium Opening Balance
DeejbefYeke Mes<e
198
2011-12
(000 Devebefkele
As on 31st March 2012 ` ` Add/(Less): Adjustments pees[W/(IeeSb) : Je<e& kes oewjeve HeefjJeOe&ve during the year / meceeeespeve iv Revenue & Other Reserves iv jepemJe SJeb Deve Heejef#ele efveefOeeeb a. Special Reserves u/s 36 (1) ke. Oeeje 36 (1) (viii) kes lenle efJeMes<e (viii) eejef#ele efveefOeeeb Opening Balance eejbefYeke Mes<e 1625,11,20 6389,91,79
omitted)
pees[W/(IeeSb) : ueeYe SJeb neefve Keeles mes DeblejCe b. Translation Reserves Ke. heeblejCe eejef#ele efveefOeeeb c. Investment Reserve Account ie. efveJesMe efj]peJe& Keelee Opening Balance eejbefYeke Mes<e Transferred from Other Deve efj]peJe& mes Debleefjle
ueeYe SJeb neefve efJeefveeespeve Keeles ceW Debleefjle ie. jepemJe Heejef#ele efveefOeeeb eejbefYeke Mes<e efveJesMe efj]peJe& Keeles ceW Debleefjle pees[s : ueeYe Deewj neefve Keeles mes DeblejCe pees[W/(IeeSb): Je<e& kes oewjeve efkeS ieS meceeeespeve v ueeYe/neefve Keeles ceW Mes<e kegue Heejef#ele efveefOeeeb Deewj DeefOeMes<e (i mes v) Devegmeteer - 2 S- ceeFveesefjer yeepe
HeejbefYeke Mes<e pees[W / (IeeSb): Je<e& kes oewjeve efkeS ieS meceeeespeve kegue ceeFveesefjer yeepe Devegmeteer - 3 pecee jeefMeeeb ke. I ceebie pecee jeefMeeeb i) yewkeeW mes ii) DeveeW mes
II yeele yeQke pecee jeefMeeeb III ceereeoer pecee jeefMeeeb i) yeQkeeW mes ii) DeveeW mes pees[ (I, II SJeb III) Ke. I Yeejle ceW MeeKeeDeeW keer peceejeefMeeeb
100,13,99 (68,73,73) 8595,64,29 2607,32,89 (18,20,72) 11184,76,46 178,72,72 28103,91,87 (31,40,26) 6501,35,62 (100,13,99) 2221,15,61 (26,72,95) 8595,64,29 138,66,20 21433,76,47 68,73,73
c. Revenue Reserves Transferred to Investment Reserve Account Add: Transfer from P&L Accounts Add/(Less): Adjustments during the year v Balance in Profit & Loss Account Total Reserves & Surplus (I to v) SCHEDULE - 2A- Minority Interest Opening Balance Add/(Less): Adjustments during the year Total Minorities Interest
SCHEDULE - 3 DEPOSITS
A. I Demand Deposits i) From Banks ii) From Others II Savings Bank Deposits III Term Deposits i) From Banks ii) From Others TOTAL (I,II and III) B. I Deposits of branches in India II Deposits of branches outside India TOTAL (I & II) 1052,06,30 28460,40,59 29512,46,89 76429,30,62 804,90,86 22892,11,07 23697,01,93 66096,09,52
53301,53,18 41191,23,59 233372,63,81 286674,16,99 180618,89,85 221810,13,44 392615,94,50 311603,24,89 283253,58,77 109362,35,73 311603,24,89 235899,75,53 75703,49,36 245951,14,55
pecee jeefMeeeb
199
2011-12
(000 Devebefkele
As on 31st March 2012 ` `
omitted)
Devegmeteer - 4 GOeej jeefMeeeb I Yeejle ceW GOeej jeefMeeeb i) Yeejleere efjpeJe& yeQke ii) Deve yeQke iii) Deve mebmLeeve Deewj SpeWefmeeeb
iv) DeeF&heer[erDeeF&
efueKelesb vi) ieewCe $e+Ce II Yeejle mes yeenj GOeej jeefMeeeb pees[ (I SJeb II) THej I SJeb II ceW Meeefceue peceeveleer GOeej jeefMeeeb Devegmeteer - 5
(FmeceW `1526.25 kejes[ (efheues Je<e& `1337.88 kejes[) kes SceerSve yeeC[ Meeefceue nQ )
SCHEDULE - 5
OTHER LIABILITIES AND PROVISIONS I Bills Payable II Interest Accrued
III Deferred Tax Liabilities IV Contingent Provision against IV ceeveke DeeqeceeW kes Hess Deekeeqmceke eeJeOeeve Standard Advances V Others (including provisions) V Deve (eeJeOeeveeW meefnle) Total (I to V) pees[ (I SJeb V) SCHEDULE - 6 Devegmeteer - 6 BALANCES WITH vekeoer leLee Yeejleere efjpeJe& yeQke kes Heeme CASH ANDBANK OF INDIA RESERVE Mes<e I Cash in hand (including I neLe ceW vekeoer (efJeosMeer cege veeseW foreign currency notes) meefnle) II Balances with Reserve Bank II Yeejleere efjpeJe& yeQke kes Heeme Mes<e i) eeuet Keeles ceW ii) Deve KeeleeW ceW pees[ (I SJeb II) Devegmeteer - 7 yeQke kes heeme Mes<e Deewj ceebie SJeb DeuHe metevee Hej Heefleose jeefMe I Yeejle ceW i) yewkeeW kes Heeme Mes<e jkece of India : i) in Current Account ii) in Other Accounts Total (I & II) 20901,20,65
1267,80,21
1411,28,67
99,33,54 21000,54,19
SCHEDULE - 7 BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE I In India
i) Balances with Banks a) in Current Accounts b) in Other Deposit Accounts 330,76,38 4105,69,13 4436,45,51 325,09,18 2178,74,98 2503,84,16
200
2011-12
(000 Devebefkele
As on 31st March 2012 ` `
omitted)
(ke) yewkeeW kes Heeme (Ke) Deve mebmLeeveeW kes Heeme pees[ (i SJeb ii) II Yeejle mes yeenj i) eeuet KeeleeW ceW ii) Deve pecee-jeefMe KeeleeW ceW iii) ceebie SJeb DeuHe metevee Hej Heefleose jeefMe pees[ (i,ii SJeb iii) kegue pees[ (I SJeb II) Devegmeteer - 8 efveJesMe I Yeejle ceW efvecve ceW efveJesMe i) mejkeejer HeefleYetefleeeb ii) Deve Devegceesefole HeefleYetefleeeb
iii) Mesej iv) ef[yeWej SJeb yeeb[ v) meneesieer FkeeFeeW ceW efveJesMe [FmeceW #es$eere ieeceerCe yeQkeeW keer Mesej
ii) Money at call and short notice a) with Banks 60,00,00 b) with Other Institutions 60,00,00 Total (i and ii) 4496,45,51 II Outside India i) in Current Accounts 7968,12,23 ii) in Other Deposit Accounts 15829,53,01 iii) Money at Call and Short Notice 15247,89,52 Total (i, ii and iii) 39045,54,76 Grand Total (I and II) 43542,00,27 SCHEDULE - 8 INVESTMENTS I Investments in India in i) Govt Securities ii) Other Approved Securities iii) Shares iv) Debentures and Bonds v) Investment in Associates [includes Banks share of contribution as advance of `112.82 crores (Previous Year `94.62 crores) towards Share Capital of RRBs pending allotment] vi) Others Total (i to vi) II Investments Outside India in i) Govt Securities (incl. Local authorities) ii) Investment in Associates iii) Others Total (i to iii) Grand Total (I & II) III Investments in India Gross value of Investments Less: Aggregate of Provisions for Depreciation Net Investments IV Investments outside India Gross value of Investments Less: Aggregate of Provisions for Depreciation Net Investments 70043,86,02 354,75,58 1868,03,03 3292,91,03
2503,84,16
Hetpeer kes He ceW yeQke kee Deefiece DebMeoeve b ` 112.82 kejes [ . (ef H eues Je<e& ` 94.62 kejes [ ) Meeef c eue nw pees Deeyebve nsleg ueefcyele nQ.]
vi) Deve pees[ (i mes vi) II Yeejle mes yeenj efveJesMe i) mejkeejer He e f l eYet e f l eeeb (mLeeveer e
HeeefOekejCeeW meefnle)
ii) meneesieer FkeeFeeW ceW efveJesMe iii) Deve pees[ (i mes iii) kegue pees[ (I SJeb II) III Yeejle ceW efveJesMe
3313,60,80 45,71,39 2369,19,47 5728,51,66 86697,00,36 81529,17,41 560,68,71 80968,48,70 5878,59,69 150,08,03 5728,51,66 86697,00,36
3039,45,12 37,61,68 2298,09,22 5375,16,02 74154,41,87 69120,68,65 341,42,80 687792585 5518,37,19 143,21,17 5375,16,02 74154,41,87
efveJesMeeW kee mekeue cetue IeeSb: cetueeme nsleg HeeJeOeeveeW kee pees[ Meg efveJesMe IV Yeejle mes yeenj efveJesMe efveJesMeeW kee mekeue cetue IeeSb: cetueeme nsleg HeeJeOeeveeW kee pees[ Meg efveJesMe
201
2011-12
(000 Devebefkele
As on 31st March 2012 ` `
omitted)
SCHEDULE - 9 ADVANCES
A. i) Bills Purchased and Discounted ii) Cash Credits, Overdrafts and Loans Repayable on Demand iii) Term Loans 39163,13,03 123765,58,53 129148,42,13 292077,13,69 29699,84,56 99592,12,58 102793,13,98 232085,11,12
Total (i to iii) pees[ (i mes iii) Ke. i) cetle& DeeefmleeeW eje mebjef#ele (yener B. i) Secured by Tangible Assets(Includes advances $e+Ce keer SJepe ceW DeefieceeW meefnle) against book debts) ii) yewkeeW/mejkeejer ieejbefeeW eje jef#ele iii) iewj-peceeveleer ii) Covered by Bank/ Government Guarantees iii) Unsecured Total (i to iii) C. I Advances in India i Priority Sector
pees[ (i mes iii) ie. I Yeejle ceW Deefiece i HeeLeefcekelee HeeHle #es$e ii meeJe&peefveke #es$e iii yeQke iv Deve II Yeejle mes yeenj Deefiece i yeQkeeW mes HeeHe ii DeveeW mes HeeHe ke. Kejeros ieS Deewj YegveeS ieS efyeue Ke. mecetn $e+Ce ie. Deve pees[ (ie I + ie II)
ii Public Sector iii Banks iv Others II Advances Outside India i Due from Banks a) Bills purchased & Discounted b) Syndicated Loans c) Others Total (C.I +C.II)
ii Due from Others 33344,02,10 12087,44,47 42604,38,17 88035,84,74 292077,13,69 25859,61,44 9532,22,74 25611,36,33 61056,06,37 232085,11,12
SCHEDULE - 10 Devegmeteer-10 FIXED ASSETS Deeue Deeefmleeeb I Premises I Heefjmej At cost as on 31st March of efJeiele Je<e& kes 31 ceee& keer ueeiele Hej the preceding year (includes (Hegvece&tequele jeefMe meefnle)
Je<e& kes oewjeve HeefjJeOe&ve / meceeeespeve IeeSb : Je<e& kes oewjeve keewefleeeb Deeleve leejerKe kees cetueeme II Deve Deeue Deeefmleeeb (Heveeaej SJeb efHekemeej meefnle) efJeiele Je<e& kes 31 ceee& keer ueeiele hej
Less : Deductions during the year Depreciation to date II Other Fixed Assets
(including Furniture & Fixtures) :
2167,11,20
1907,87,23
202
2011-12
(000 Devebefkele
As on 31st March 2012 ` `
omitted)
Je<e& kes oewjeve HeefjJeOe&ve / meceeeespeve Je<e& kes oewjeve keewefleeeb Deeleve leejerKe leke cetueeme II ke. hes Hej oer ieF& Deeefmleeeb ueeiele Hej Je<e& kes oewjeve heefjJeOe&ve / meceeeespeve Je<e& kes oewjeve keewefleeeb eeJeOeeveeW meefnle. legueve-he$e keer leejerKe leke cetueeme pees[ (I, II SJeb II ke) Devegmeteer - 11 Deve Deeefmleeeb I Deblej keeee&uee meceeeespeve (Meg)
I GHeefele yeepe
Additions/Adjustments during the year Deductions during the year Depreciation to date II A Leased Assets At cost Additions/Adjustments during the year Deductions during the year incl. Provisions Depreciation to date Total (I, II and IIA)
352,91,50 2520,02,70 60,69,97 2459,32,73 1841,74,57 19,34,17 3,27,77 22,61,94 13,95,89 8,66,05 1,57,13 7,08,92 2428,19,01 617,58,16
571,07,47
4,79,13 2383,19,95
392,47,97 3530,54,00
233,13,53 2471,06,84
II Deefiece kej Yegieleeve/eesle Hej kej keewleer II Tax paid in advance/tax deducted at source (net of (eeJeOeeveeW kee efveJeue) Provisions) III Stationery and Stamps III msMevejer SJeb mwche
CONTINGENT LIABILITIES I Claims not acknowledged as debts II DeebefMeke egkelee efveJesMeeW kes efueS oselee II Liability for partly paid Investments III yekeeee Jeeeoe efJeefvecee mebefJeoeDeeW kes III Liability on account of outstanding forward keejCe oselee exchange contracts IV Guarantees given on behalf IV mebIekeeW keer Deesj mes oer ieF& ieejbefeeb of constituents : a) In India ke) Yeejle ceW
b) Outside India Ke) Yeejle mes yeenj V Acceptances, Endorsements V mJeerke=efleeeb, Hejebkeve Deewj Deve oeefelJe VI Deekeefmceke oselee keer Deve ceoW and Other Obligations VI Other items of contingent liability Total ( I to VI)
pees[ (I mes V) Devegmeteer - 12 Deekeefmceke oseleeSb I oeJes efpevnW $e+Ce veneR ceevee ieee
SCHEDULE - 12
78,60,61 28,00
238,22,64 28,00
93060,59,01
78454,09,29
203
2011-12
yee
II efveJesMe Hej Deee III Yeejleere efjpeJe& yeQke Mes<e Deewj Deve
IV Deve
III efJeefvecee uesve-osve Hej ueeYe (Meg) IV efveJesMe keer efyeeer Hej ueeYe (Meg)
V efveJesMeeW kes Hegvecet&uebekeve Hej ueeYe/(neefve) V Profit / (Loss) on revaluation of Investments (Net) (Meg)
pees[ (I mes V)
II Yeejleere efj]peJe& yeQke/ Devlej yeQke GOeej II Interest on Reserve Bank of India/Inter-Bank Borrowings jeefMeeeW Hej yeepe III Deve III Others TOTAL Total ( I to III)
204
2011-12
(000 Devebefkele
As on 31st March 2012 ` `
omitted)
HeeJeOeeve
II efkejeee, kej SJeb efJeegle III cegCe SJeb msMevejer IV efJe%eeHeve SJeb Heeej V ke) Heeke=le DeeefmleeeW kes DeueeJee yeQke
III Printing and Stationery IV Advertisement and Publicity V a) Depreciation on Banks Property other than Leased Assets b) Depreciation on Leased Assets VI Directors Fees, Allowances and Expenses VII Auditors Fees and Expenses (including Branch Auditors Fees and Expenses) VIII Law Charges IX Postages, Telegrams, Telephones etc. X Repairs and Maintenance XI Insurance XII Other Expenditure TOTAL (I to XII)
VIII efJeefOe HeYeej IX [eke Jee, leej SJeb otjYee<e Deeefo X cejccele SJeb jKe jKeeJe XI yeercee XII Deve Jee
205
2011-12
Devegmeteer 18: 31 ceee& 2012 kees meceehle Je<e& kes efueS mecesekele efJeeere efJeJejefCeeeW keer cenlJehetCe& uesKeebkeve veereleeeb f f
Schedule 18 : Significant Accounting Policies on the Consolidated Financial Statements for the year ended 31st March 2012
1. mecesefkele efJeeere efJeJejefCeeeb leweej kejves kee DeeOeej
yeQke (cetue), Fmekeer Deveg<ebefieeeW mebege GeceeW Deewj meneesieer FkeeFeeW keer mecesefkele efJeeere efJeJejefCeeeb (meerSHeSme) HejcHejeiele ueeiele kes DeeOeej Hej yeveeF& ieF& nQ Deewj meYeer JeemleefJeke HenuegDeeW kes meboYe& ceW, Yeejle keer MeeKeeDeeW/ keeee&ueeeW kes efJe<ee ceW Yeejle ceW Deewj efJeosMeer MeeKeeDeeW/keeee&ueeeW kes efJe<ee ceW mebye osMe ceW Heeeefuele meebefJeefOeke HeeJeOeeveeW SJeb efJeOeeDeeW kes DevegHe, peye leke efke keesF& DeveLee GuuesKe ve efkeee ieee nes, yeveeF& ieF& nQ. 1.2 Devegceeveesb kee Gheeesie efJeeere efJeJejCeeW kees leweej kejves ceW efJeeere efJeJejCe keer leejerKe kees efjHees& keer ieF& Deeefmle SJeb oseleeDeeW (Deekeefmceke oseleeDeeW meefnle) leLee efjHees& keer ieF& DeJeefOe nsleg Deee SJeb Jee mebyebOeer jeefMe kees efjHees& kejves nsleg HeyebOeve kees keg DevegceeveeW Deewj DeekeueveeW kees DeeOeej yeveevee He[lee nw. HeyebOeve kee efJeMJeeme nw efke efJeeere efJeJejCe kees leweej kejves kes efueS Heegkele Deekeueve efJeJeskeHetCe& Deewj Gefele nw.
1.2 1. 1.1 BASiS OF PREPARAtiOn OF COnSOLiDAtED FinAnCiAL StAtEMEntS BASIS OF PREPARATION: Consolidated Financial Statements (CFS) of the Bank (Parent), its subsidiaries, joint ventures and associates are drawn up on historical cost basis and conform in all material aspects to statutory provisions and practices prevailing in India in respect of Indian offices / branches and respective foreign countries in respect of foreign offices / branches, unless otherwise stated. USE OF ESTIMATES: The preparation of financial statements requires the management to make estimates and assumptions considered in the reported amount of assets and liabilities (including contingent liabilities) as of date of the financial statements and the reported income and expenses for the reporting period. Management believes that the estimates used in the preparation of the financial statements are prudent and reasonable. 2. 2.1 COnSOLiDAtiOn PROCEDURE: CFS of the group (comprising of -12- Subsidiaries, -7Associates and -2- Joint Ventures) have been prepared on the basis of : a. b. Audited accounts of Bank of Baroda (Parent). Line by line aggregation of each item of asset/ liability/income/expense of the subsidiaries with the respective item of the Parent, and after eliminating all material intra-group balances / transactions, unrealised profit/loss as per AS 21 (Consolidated Financial Statements) issued by the Institute of Chartered Accountants of India (ICAI). Investments in Associates are accounted for under the Equity Method as per AS 23 (Accounting for Investments in Associates in Consolidated Financial Statements) issued by ICAI based on the audited Financial Statements of the associates. Interests in Joint Ventures are consolidated on Proportionate consolidation method as prescribed in AS 27 (Financial Reporting of Interests in Joint Ventures) issued by ICAI.
2.
meceskeve Heefeee
2.1 mecetn (12 Deveg<ebefieeeb, 7 meneesieer FkeeFeeW leLee 2 mebegkele Gece) keer mecesefkele efJeeere efJeJejefCeeeb efvecveefueefKele kes DeeOeej hej leweej keer ieF& nQ : ke) yeQke Dee@]He ye[ewoe (cetue) kes uesKee-hejeref#ele Keeles Ke) Deveg<ebefieeeW keer Deeefmle/oselee/Deee/Jee keer eleske ceo kee cetue mebmLee keer mebyebefOele ceo kes meeLe ueeFve-t-ueeFve Ske$eerkejCe leLee Yeejleere meveoer uesKeekeej mebmLeeve (DeeF&meerSDeeF&) eje peejer uesKeekebve ceeveke (SSme-21) kes Devegmeej meYeer Fv^e eghe Mes<eeW/mebJeJenejeW Deewj Jemetue ve efkeS ieS ueeYe/neefve kees kece kejles ngS. ie) meneesieer mebmLeeDeeW ceW efveJesMe kee uesKeebkeve uesKee Hejeref#ele efJeeere efJeJejefCeeeW kes DeeOeej Hej DeeF&meerSDeeF& eje peejer DekeeGbefbie Hee@j FveJesmceW Fve SmeesefmeSdme Fve kevemeeefue[ss[ HeeFveWefMeeue msceWdme S Sme 23 FefkeJeer HeCeeueer kes DevegHe efkeee ieee nw. mebege GeceeW ceW efveJesMe, DeeF&meerSDeeF& eje peejer SSme-27 (HeeeveWefMeeue efjheese\ie Dee@He Fvsjm Fve pJeeFb JeWej) ceW efveOee&efjle meceevegheeefleke DeeOeej hej mecesefkele efkeee ieee nw.
2.2
c.
Ie)
d.
2.2 uesKeebkeve veerefleeeW ceW Devlej nesves keer efmLeefle ceW Deveg<ebefieeeW, mebegkele Gece SJeb meneesieer FkeeFeeW keer efJeeere efJeJejefCeeeW kees, peneb keneR DeeJeMeke leLee JeJeneefjke nes, cetue keer uesKee-veerefleeeW kes DevegHe meceeeesefpele efkeee ieee nw. 2.3 mecesefkele efJeeere efJeJejefCeeeW kes ceeFveesefjer Fvjsm ceW Deveg<ebefieeeW keer Meg FefkeJeer/ueeYe ceW ceeFveesefjer MesejOeejkeeW kes DebMe meceeefnle nw.
In case of difference in Accounting Policies, the Financial Statements of Subsidiaries, Joint ventures and Associates are adjusted, wherever necessary and practicable, to conform to the Accounting Policies of the Parent. Minority interest in the CFS consists of the share of the minority shareholders in the net equity / profit of the subsidiaries.
2.3
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The difference between cost to the Parent of its initial investment in the subsidiaries and the Parents portion of the equity of the subsidiaries is recognized as goodwill/ capital reserve as the case may be. inVEStMEntS: Classification The Investment portfolio of the Parent and its domestic subsidiaries is classified in accordance with Reserve Bank of India guidelines into: (a) (b) (c) Held to Maturity (HTM) comprising investments acquired with the intention to hold them till maturity. Held for Trading (HFT) comprising investments acquired with the intention to trade. Available for Sale (AFS) comprising investments not covered by (a) and (b) above i.e. those which are acquired neither for trading purposes nor for being held till maturity.
3.
efveJesMe
3. 3.1
3.1 JeieeakejCe cetue mebmLee leLee Fmekeer Iejsuet Deveg<ebefieeeW kes efveJesMe Hees&Heesefueees kees Yeejleere efjpeJe& yeQke kes efoMee efveoxMeevegmeej efvecveevegmeej Jeieeake=le efkeee ieee nw : ] (ke) HeefjHekeJelee leke Oeeefjle efveJesMe jeefMeeeW ceW HeefjHekeJelee leke jKeves kes GsMe mes HeeHle efveJesMe Meeefceue nQ. (Ke) JeeHeej nsleg Oeeefjle ceW Jes efveJesMe Meeefceue nQ efpevnW JeeHeej kes GsMe mes HeeHle efkeee ieee nw. (ie) efyeeer nsleg GHeueyOe ceW Jes efveJesMe Meeefceue nQ pees GHejeskele ke leLee Ke ceW Meeefceue veneR nQ DeLee&led pees ve lees JeeHeej kes GsMe mes HeeHle efkeS ieS nQ Deewj ve ner HeefjHekeJelee leke jKeves kes GsMe mes HeeHle efkeS ieS nQ. 3.2 DeefOeenCe ueeiele efveJesMeeW kes DeefOeenCe keer ueeiele-eeslmeenveeW, eb SC[ heerme SJeb keceerMeve kee kegue eesie nw. 3.3 cetueebkeve kee DeeOeej HeefjHekeJelee leke Oeeefjle kes He ceW Jeieeake=le efveJesMeeW kees Yeeefjle Deewmele Deefpe&le ueeiele Hej efueee ieee nw, eefo Jen Debefkele cetue mes DeefOeke vener nQ. efJehejerle efmLeefle ceW Heerefceece kees HeefjHekeJelee keer Mes<e DeJeefOe leke HeefjMeesefOele efkeee ieee nw. HeefjHekeJelee leke Oeeefjle kes He ceW Jeieeake=le efveJesMeeW ceW Ssmes ef[yeWej/yeeb[dme Meeefceue nQ efpevnW mJeHe/Heke=efle keer ef< mes Deefiece ceevee peelee nw (efpevekes efueS DeefieceeW hej ueeiet Deeefmle JeieeakejCe Deewj HeeJeOeeveerkejCe mebyebOeer Yeejleere efj]peJe& yeQke kes efJeJeskeHetCe& ceeveob[ ueeiet kejles ngS HeeJeOeeve efkeee ieee nw.) #es$eere ieeceerCe yeQkeeW ceW, ^s]pejer efyeueeW, keceefMe&eue HesHeme&, Fbefoje efJekeeme-He$e, efkemeeve efJekeeme He$e Deewj pecee HeceeCe He$e ceW efkeS ieS efveJesMeeW kees jKeeJe ueeiele DeeOeej hej cetueebkeve efkeee ieee nw. 23.08.2006 kes heeeled cetue eje JeermeerShe keer F&keeFeeW ceW efkeS ieS efveJesMe kees DeejefcYeke leerve Je<eeX kes efueS heefjhekeJelee leke Oeeefjle esCeer ceW Jeieeake=le efkeee ieee nw leLee keercele kes DeeOeej hej cetueebkeve efkeee ieee nw. mebefJelejCe kes leerve Je<eeX kes heeeled FvnW SSheSme ceW Debleefjce kee efoee peeSiee leLee Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej yeepeej efeefvnle jKee peeSiee. JeeHeej kes efueS Oeeefjle SJeb efyeeer kes efueS GHeueyOe kes He ceW Jeieeake=le efveJesMe yeepeej efmeHeJeej efeefle efkeee ieee nQ leLee legueve He$e ceW Heleske esCeer ceW oMee&S ieS HeefjCeeceer Meg cetueeme eefo keesF& nw, kees ueeYe neefve Keeles ceW mLeeve efoee ieee nw. peye efke Meg cetueJe=ef eefo keesF& nes, kees es[ efoee ieee nw. JeeHeej kes efueS Oeeefjle esCeer kes lenle ^spejer efyeueeW ceW eeLeefceke [eruej kes He ceW cetue yeQke eje efkees iees efveJesMe kee jKe-jKeeJe ueeiele Hej cegueebkeve efkeee ieee nw. JeeHeej kes efueS Oeeefjle leLee efyeeer kes efueS GHeueyOe esCeer kes efveJesMeeW kes cetueebkeve kes efueS yee]peej me@ke SkemeeWpe ceW GodOe=le ojW HeeFcejer [erueme& SmeesefmeSMeve Dee@He FefC[ee (Heer[erSDeeF&) efHekem[ Fvkece ceveer ceekex SC[ [sefjJesefJme SmeesefmeSMeve (SHeDeeF&SceSce[erS) eje Ieesef<ele ojeW kee GHeeesie efkeee ieee nw. efpeve efveJesMeeW kes efueS Ssmeer ojW / GodOe=le ojbs GHeueyOe veneR nQ, Gvekee cetueebkeve
3.2
Acquisition Cost Cost of Acquisition of Investments is net of incentives, front-end fees and commission.
3.3
Basis of Valuation Investments classified as HTM are carried at weighted average acquisition cost unless it is more than the face value, in which case the premium is amortized over the period remaining to maturity. Investments classified as HTM includes debentures / bonds which are deemed to be in the nature of / treated as advances (for which provision is made by applying the RBI prudential norms of assets classification and provisioning applicable to advances). Investments in Regional Rural Banks, Treasury Bills, Commercial Papers and Certificates of Deposit which have been valued at carrying cost. Parents investment in units of VCFs made after 23.08.2006 are classified under HTM category for initial period of three years and are valued at cost. After period of three years from date of disbursement, it will be shifted to AFS and marked-to-market as per RBI guidelines. Investments classified as HFT and AFS are marked to market, scrip-wise and the resultant net depreciation if any in each category disclosed in the Balance Sheet is recognized in the Profit and Loss Account, while the net appreciation, if any, is ignored. Investments made by the Parent as Primary Dealer in Treasury Bills under HFT category have been valued at carrying cost. For the purpose of valuation of quoted investments in HFT and AFS categories, the market rates/quotes on the Stock exchanges, the rates declared by Primary Dealers Association of India (PDAI)/ Fixed Income Money Market and Derivatives Association (FIMMDA)/ Foreign Exchange Dealers Association of India (FEDAI) are used. Investments for which such rates / quotes are not
207
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Yeejleere efj]peJe& yeQke (DeejyeerDeeF&) eje efveOee&efjle ceeveoC[eW kes Devegmeej efkeee ieee nw pees efvecveevegmeej nQ :-
available are valued as per norms laid down by Reserve Bank of India, which are as under: a Government / Approved securities Equity Shares, PSU and Trustee shares Preference Shares On Yield to Maturity basis.
ke. mejkeejer/Devegceesefole - HeefjHekeJelee HeeleHeue kes DeeOeej Hej f HeeleYeteleeeb f f Ke. FefkeJeer Mesej, HeerSmeet SJeb ^mer Mesej ie. DeefOeceeveer Mesej Ie. HeerSmeet yee@v[
- Deeleve legueveHe$e (12 ceen mes DeefOeke
Hegjevee veneR) kes Devegmeej yener cetue Hej DeveLee `1 Heefle kebHeveer
- HeefjHekeJelee HeefleHeue kes DeeOeej Hej,
HeefjHekeJelee HeefleHeue kes DeeOeej Hej * ceg eg D eue He b [ keer - Heb[ eje Heleske mkeerce kes mebyebOe ceW Ieesef<ele Deeleve HegveKe&jero cetue/Meg etefveW Deeefmle cetue SveSJeer Hej e. Gece Hetbpeer
- uesKee Hejeref#ele legueve He$e kes Devegmeej
Ieesef<ele SveSJeer peesefke 18 ceen mes peeoe Hegjeveer ve nes, eefo ueieeleej 18 ceen mes DeefOeke kes SveSJeer ee uesKee Hejeref#ele efJeeere Deebke[s GHeueyOe ve neW lees Heefle Gece Hetbpeer efveefOe (JeerSmeSHe) `1/3.4 efveJesMeeW kee efvemleejCe HeefjHekeJelee leke Oeeefjle kes He ceW Jeieeake=le efveJesMeeW keer efyeeer Hej ueeYe/ neefve kees mebyebefOele efveJesMeeW keer Yeeefjle Deewmele ueeiele/yener cetue kes DeeOeej Hej ueeYe SJeb neefve Keeles ceW Debefkele efkeee peelee nw SJeb HeefjHekeJelee leke Oeeefjle JeieeakejCe ceW mebyebefOele efveJesMeeW kes yener cetue kes mecelegue ueeYe kees Heejef#ele Hetbpeer Keeles ceW efJeefveeesefpele efkeee peelee nw. SSheSme/SeSheer esCeer kes efveJesMeeW keer efyeeer hej ngF& ueeYe/neefve kees ueeYe SJeb neefve Keeles ceW efueee ieee nw. 3.5 yeQke kes eje efveJesMeeW kes efueS, efveheeve leejerKe DeeOeej hej mecehe uesKee eCeeueer kee DevegmejCe efkeee pee jne nw. 3.6 efJeosMeer MeeKeeDeeW ceW efveJesMe kes mecyebOe ceW Yeejleere efj]peJe& yeQke DeLeJee cespeyeeve osMeeW kes efoMee-efveoxMeeW kee, oesveeW ceW mes pees DeefOeke ke"esj neW, kee DevegHeeueve efkeee peelee nw. Ssmeer MeeKeeDeeW kes ceeceues ceW pees Ssmes osMeeW ceW efmLele nw peneb keesF& efJeefMe< efoMeeefveoxMe veneR nw, Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kee Heeueve efkeee peelee nw. 3.7 Fve esefCeeeW kes yeere HeefleYetefleeeW kes DeblejCe keer ieCevee, DeblejCe keer leejerKe kees Gmekeer DeefOeienCe ueeiele/yener cetue/ yeepeej cetue ceW mes pees Yeer kece nes, Hej keer ieF& nw Deewj Ssmes DeblejCe kes HeuemJeHe DeeS cetueeme, eefo keesF& nw, kes efueS HeeJeOeeve efkeee ieee nw. 3.8 Iejsuet iewjefve<heeoke eefleYetefleeeW mes mebyebefOele Deee kees veneR efueee ieee nw. Deewj Fve eefleYetefleeeW kes cetue ceW cetueeme kes efueS Yeejleere efj]peye& yeQke kes efveoxMeevegmeej eeJeOeeve efkeee ieee nw. 3.9 jshees / efjJeme& jshees yeQke ves Hegve: Kejero leLee HeleeJeefle&le Hegve: Kejero uesveosveeW kees uesKeebefkele
3.4
At book value as per the latest Balance Sheet (not more than 12 months old), otherwise Re.1 per company. c On Yield to Maturity basis with appropriate credit spread markup. d PSU Bonds - On Yield to Maturity basis with appropriate credit spread markup. e Units of - At the latest repurchase price Mutual / NAV declared by the Fund in Funds respect of each scheme. f Venture - Declared NAV or break up Capital NAV as per audited balance sheet which is not more than 18 months old. If NAV/ audited financials are not available for more than 18 months continuously then at Re. 1/- per VCF. Disposal of Investment Profit / loss on sale of investments classified as HTM is recognized in the Profit and Loss account based on the weighted average cost / book value of the related investments and an amount equivalent of profit on sale of investments in HTM classification is appropriated to Capital Reserve Account. Profit /loss on sale of Investment in AFS/HFT category is recognized in Profit and Loss account.
3.5 3.6
The Parent is following uniform methodology of accounting for investments on settlement date basis. In respect of Investments at Overseas Branches, Reserve Bank of India guidelines or those of the host countries, whichever are more stringent are followed. In case of those branches situated in countries where no guidelines are specified, the guidelines of the Reserve Bank of India are followed. The transfer of a security between these categories is accounted for at the acquisition cost / book value / market value on the date of transfer, whichever is the least, and the depreciation, if any, on such transfer is fully provided for. In respect of domestic non-performing securities, income is not recognised, and provision is made for depreciation in the value of such securities as per RBI guidelines. REPO / REVERSE REPO The Parent has adopted the Uniform Accounting Procedure prescribed by the RBI for accounting of market Repo and Reverse Repo transactions [other
3.7
3.8
3.9
208
2011-12
than the Liquidity Adjustment Facility (LAF) with the RBI]. Repo and Reverse Repo Transactions are treated as Collaterised Borrowing / Lending Operations with an agreement to Repurchase on the agreed terms. Securities sold under Repo are continued to be shown under Investments and Securities purchased under Reverse Repo are not included in Investments. Costs and revenues are accounted for as interest expenditure / income, as the case may be. Securities purchased / sold under LAF with RBI are debited / credited to Investment Account and reversed on maturity of the transaction. Interest expended / earned thereon is accounted for as expenditure / revenue. 3.10 DERIVATIVES The Parent presently deals in interest rate and currency derivatives. The interest rate derivatives dealt with by the Parent are Rupee Interest Rate Swaps, Foreign Currency Interest Rate Swaps and forward rate agreements. Currency Derivatives dealt with by the Parent are Options and Currency swaps. Based on RBI guidelines, Derivatives are valued as under: The hedge / non-hedge (market making) transactions are recorded separately. Derivative contracts designated as hedges are not marked to market unless their underlying is marked to market. Trading derivative positions are marked-to-market (MTM) and the resulting losses, if any, are recognized in the Profit and Loss Account. Profit, if any, is ignored. Income and Expenditure relating to interest rate swaps are recognized on the settlement date. Gains / losses on termination of the trading swaps are recorded on the termination date as income / expenditure. For the purpose of valuation, the fair value of the total swap is computed on the basis of the amount that would be receivable or payable on termination of the transactions of the swap agreements as on the Balance Sheet date. Losses arising there from, if any, are fully provided for while the profits, if any, are ignored. Contingent Liabilities on account of derivative contracts denominated in foreign currencies are reported at closing rates of exchange notified by FEDAI at the Balance Sheet date. 4 4.1 ADVANCES Advances in India of the Parent and Subsidiaries are classified as Standard, Sub-standard, Doubtful or Loss assets and Provision for losses are made on these assets as per Prudential Norms of Reserve Bank of India. In respect of Advances made in overseas branches and overseas subsidiaries, Advances are classified in accordance with stringent of the Prudential Norms prescribed by the Reserve Bank of India or local laws of the host country in which advances are made, whichever is more stringent. Advances are net of specific loan loss provisions, interest suspense; amount received and held in suit-
4.
Deefiece
4.1 cetue mebmLee leLee Fmekeer Iejsuet meneesieer mebmLeeDeeW kes Deefiece ceeveke, DeJeceeveke, mebefoiOe SJeb neefve DeeefmleeeW kes He ceW Jeieeake=le efkeS ieS nQ Deewj Fve hej ngF& neefve kes mebyebOe ceW Yeejleere efj]peJe& yeQke eje efveOee&efjle efJeJeskeHetCe& ceeveoC[eW kes Devegmeej eeJeOeeve efkeS ieS nQ. efJeosMeer MeeKeeDeeW leLee Deveg<ebefieeeW eje efkeS ieS Deefece kes mebyebOe ceW DeefeceeW kee JeieeakejCe Yeejleere efj]peJe& yeQke DeLeJee cespeyeeve osMe, efpemeceW Deefiece efoee ieee nw, kes DevegHe efkeee ieee nw, Fve ceW mes pees Yeer DeefOeke ke"esj nes. 4.2 Deefiece jeefMe, Gevle Keeles kes yeepe, Jeeoiemle efJeefJeOe pecee KeeleeW ceW HeeHle SJeb jKeer ieF& jeefMe, HeeHle keuesce Deewj iewj efve<Heeefole DeefieceeW kes efueS efkeS
4.2
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filed Sundry Deposit and Claims Received. 4.3 In respect of Rescheduled / Restructured accounts, Provision for diminution in fair value of restructured advances is measured in present value terms as per RBI guidelines. In case of financial assets sold to Asset Reconstruction Company (ARC) / Securitization Company (SC), if the sale is at a price below the net book value (NBV), (i.e. Book value less provisions held) the shortfall is debited to the Profit and Loss Account. If the sale value is higher than the NBV, the surplus provision is carried forward and utilised to meet the shortfall /loss on account of subsequent sale of non-performing financial assets. FIXED ASSETS: Premises and other fixed assets are stated at historical cost except revalued premises which are stated at revalued amount. The appreciation on such revaluation is credited to Capital Reserve and the depreciation provided thereon is deducted there from. Premises include Land and Building under construction. RESERVES AND SURPLUS: Revenue and other Reserves include Statutory Reserves created by foreign branches as per applicable local laws of the respective countries. 7. a. REVENUE RECOGNITION: Income (other than item referred in Paragraph 7.2)/ expenditure is generally recognised on accrual basis. In case of foreign offices, income/ expenditure is recognised as per the local laws of the country in which the respective foreign office is located. Income by way of Fees, Commission other than on Government business, Commission on Guarantees, Letter of Credits, Exchange, Brokerage and interest on Advance Bills are accounted for on realisation basis. Dividend on shares in subsidiaries, joint ventures and associates is accounted on realisation basis. In view of uncertainty of collection of income in cases of Non-performing Assets/ Investments, such income is accounted for only on realization in terms of the RBI guidelines. Lease payments including cost escalation for assets taken on operating lease are recognised in the Profit and Loss Account over the lease term in accordance with the AS 19 (Leases) issued by ICAI. LIFE INSURANCE COmPANy: Premium Income: Premium (net of service tax) is recognised as income when due. For linked business, premium is recognised when the associated units are created. Top up premiums are considered as single premium. Premium on lapsed policies is recognised as income when such policies are reinstated. Commission received on reinsurance ceded is recognised as income in the period in which reinsurance
4.3 Hegveefve&Oee&efjle/Hegveie&ef"le KeeleeW kes mebyebOe ceW Yeejleere efj]peJe& yeQke kes ceeie& efveoxMeeW kes Devegmeej ceewpetoe cetue MeleeX ceW Deebkes iees yeepe neefveeeW kes efueS HeeJeOeeve efkeee ieee nw. 4.4 Deeefmle Hegveie&"ve kebHeveer (SDeejmeer)/peebe kebheveer (Smemeer) kees yeseer ieF& DeeefmleeeW kes ceeceues ceW eefo efyeeer Meg yener cetue (Sveyeer Jeer) (DeLee&le yener cetue IeeSb Oeeefjle eeJeOeeve) mes kece cetue Hej keer ieF& nes lees neefve (keceer) kees ueeYe neefve Keeles ceW veeces efkeee ieee nw. eefo efyeeer cetue, Meg yener cetue mes peeoe nw lees Deefleefjkele HeeJeOeeve jeefMe kees efjJeme& veneR efkeee ieee nw Deefheleg Fmekee Gheeesie otmejer iewj efve<heeoke DeeefmleeeW keer efyeeer kes HeuemJehe keceer / Iees kees hetje kejves kes efueS efkeee ieee nw.
4.4
5. 5.1
5.
Deeue Deeefmleeeb
5.1 Hegvecet&ueebefkele HeefjmejeW kees es[kej, Heefjmej Je Deve Deeue Deeefmleeeb meeceevele: HejcHejeiele ueeiele Hej ueer ieF& nQ, Hegvecet&ueebkeve Hej ngF& Je=ef kees Hetbpeeriele Heejef#ele efveefOe ceW pecee efkeee ieee nw. Ssmeer ye{er ngF& jeefMe Hej cetueeme nsleg efkeS ieS HeeJeOeeve kees FmeceW mes Iee efoee peelee nw. 5.2 Heefjmej ceW Yetefce leLee efvecee&CeeOeerve YeJeve kee meceeJesMe nQ.
5.2 6.
6.
7.
ke. peye leke DeveLee GuuesefKele ve nes, Deee (HewjeeeHe 7.2 ceW GequueefKele ceo mes efYeVe) / Jee kee efveOee&jCe GHeee DeeOeej Hej efkeee ieee nw. efJeosMeer keeee&ueeeW kes ceeceues ceW mecye osMe peneb efJeosMeer keeee&uee efmLele nw, mLeeveere efveeceeW kes lenle Deee kee efveOee&jCe efkeee ieee nw. Ke. MegukeeW kes ceeOece mes HeeHle Deee, mejkeejer keejesyeej kees es[kej keceerMeve, ieejber, meeKehe$e hej keceerMeve, efJeefvecee, oueeueer leLee Deefleose efyeueeW/Deefiece efyeueeW Hej yeepe kees JeemleefJeke Jemetueer DeeOeej Hej efnmeeye ceW efueee ieee nw. Deveg<ebefieeeW, mebegkele GeceeW leLee meneesieer FkeeFeeW ceW MesejeW ceW ueeYeebMe kees Jemetueer DeeOeej Hej efnmeeye ceW efueee ieee nw. ie. iewj efve<Heeefole DeefieceeW leLee efveJesMeeW kes ceeceueeW ceW Deee keer Jemetueer keer Deefveefelelee kes keejCe Ssmeer Deee Yeejleere efj]peJe& yeQke ceeie&efveoxMeeW kes Devegmeej kesJeue Jemetue nesves Hej ner uesKeebefkele keer ieF& nw. Ie. Heefjeeueve ueerpe Hej ueer ieF& DeeeqmleeeW kes efueS ueeiele Je=ef meefnle ueerpe YegieleeveeW kees DeeF&meerSDeeF& eje peejer SSme 19 (ueerpe) kes Devegmeej ueerpe ce& Hej ueeYe SJeb neefve uesKee ceW efnmeeye ceW efueee peelee nw.
b.
c.
d.
8 a.
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2011-12
Income from linked funds which includes premium allocation charges, policy administrative charges, mortality charges, fund management charges etc. are recovered from the linked funds in accordance with the terms and conditions of policies issued. c. Reinsurance Premium: Cost of reinsurance ceded is accounted for at the time of recognition of premium income in accordance with the treaty or in-principle arrangement with the reinsurer. Profit commission on reinsurance ceded is netted off against premium ceded on reinsurance. d. Benefits paid (including claims): Benefits paid comprise of policy benefits & claim settlement costs, if any. Death, rider & surrender claims are accounted for on receipt of intimation. Survival benefit claims and maturity claims are accounted for when due. Withdrawals & surrenders under linked policies are accounted for in the respective schemes when the associated units are cancelled. Reinsurance recoveries on claims are accounted for, in the same period as the related claims. e. Acquisition Costs: Acquisition costs are costs that vary with and are primarily related to acquisition of insurance contracts and are expensed in the period in which they are incurred. f. Liability for life policies: Actuarial liabilities of the company have been calculated in accordance with the requirements of insurance Act.1938, Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000, Guidance Notes issued by Institute of Actuaries of India and generally established actuarial practices. g. Investments: Investments are made in accordance with the Insurance Act, 1938, the Insurance Regulatory and Development Authority (Investment) Regulations, 2000, the insurance regulatory and Development Authority (investment) (Amendment) Regulations, 2001 and various other circulars / notifications issued by the IRDA in this context from time to time. 8. 8.1 EMPLOYEES BEnEFitS: PROVIDENT FUND Provident fund is a defined contribution scheme as the Parent pays fixed contribution at pre-determined rates. The obligation of the Parent is limited to such fixed contribution. The contributions are charged to Profit and Loss Account.
[.
8.
kece&eejer ueeYe
8.1 YeefJe<e efveefOe YeefJe<e efveefOe Ske megheefjYeeef<ele DebMeoeve eespevee nw efpemekes lenle yeQke hetJe&efveOee&efjle ojeW hej efveefele DebMeoeve kee Yegieleeve kejlee nw. yeQke keer yeeOelee Ssmes efveefele DebMeoeve leke ner meerefcele nw. DebMeoeveeW kees ueeYe/neefve Keeles hej eYeeefjle efkeee peelee nw.
211
2011-12
8.2
GRATUITY Gratuity liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation made at the end of the financial year. The gratuity liability is funded by the Parent and is managed by a separate trust.
eseter oselee Ske efveefele efnleyeeOelee nw Deewj Fmekes mebyebOe Je<e& keer meceeefhle ceW yeerceebefkeke cetueebkeve kes DeeOeej hej eeJeOeeve efkees peeles nw. yeQke eje eespevee kes efueS efveefOe GheueyOe kejeeer peeleer nw SJeb Ske Deueie ^m eje Fmekee eyebOeve efkeee peelee nw. 8.3 heWMeve 8.3.1 heWMeve oselee oselee Ske efveefele efnleyeeOelee nw Deewj Fmekes mebyebOe efJee Je<e& keer meceeefhle ceW mebefele cetueebkeve kes DeeOeej hej eeJeOeeve efkees peeles nQ. en Gve kece&eeefjeeW kes efueS nw efpevnesves 31.3.2010 leke yeQke mesJee enCe keer Deewj HeWMeve kee efJekeuHe efueee. yeQke eje eespevee kes efueS efveefOe GheueyOe kejeeer peeleer nw SJeb Ske Deueie ^m eje Fmekee eyebOeve efkeee peelee nw. 8.3.2 veF& HeWMeve eespevee, pees efke yeQke ceW 1.4.2010 kees DeLeJee Fmekes Heeele mesJee ceW Deeves Jeeues kece&eeefjeeW Hej ueeiet nesleer nw, Ske HeefjYeeef<ele DebMeoeeer eespevee nw. yeQke HetJe& efveOee&ejle oj Hej efveeqele DebMeoeve kee Yegieleeve kejlee f nw. yeQke kee oeefelJe kesJeue efveOee&ejle DebMeoeve leke ner meerecele nw. DebMeoeve f f kees ueeYe SJeb neefve Keeles ceW eYeeefjle efkeee peelee nw. 8.4 DevegheefmLeefle #eeflehetefle& mebefele DevegheefmLeefle #eeflehetefle&eeW pewmes efke DeefOekeejpeve DeJekeeMe (heerSue) leLee iCe DeJekeeMe kees yeerceebefkeke cetueebkeve kes DeeOeej hej eoeve efkeee ieee nw. 8.5 Deve kece&eejer ueeYe Deve kece&eejer ueeYe pewmes efke ger efjeeele efkejeee (SueShemeer), efeefkelmee ueeYe Fleeefo kees yeerceeefkeke cetueebkeve kes DeeOeej hej eoeve efkeee ieee nw. efJeosMeer MeeKeeDeeW SJeb keeee&ueeeW kes mebyebOe ceW kece&eeefjeeW mes mebyebefOele ueeYeeW kees, eefleefveegefe hej ieS kece&eeefjeeW kees es[, mebyeb osMe ceW ueeiet keevetve kes DeeOeej hej uesKeeke=le efkeee ieee nw.
8.4 8.3
PENSION 8.3.1 Pension liability is a defined benefit obligation and is provided for on the basis of an actuarial valuation made at the end of the financial year, for the employees who have joined Parent up to 31.03.2010 and opted for pension. The pension liability is funded by the Parent and is managed by a separate trust. 8.3.2 New Pension Sheme which is applicable to employees who joined parent on or after 01.04.2010 is a defined contribution scheme, Parent pays fixed contribution at pre determined rate, the obligation of the Parent is limited to such fixed contribution. The contribution is charged to Profit and Loss Account. COMPENSATED ABSENCES Accumulating compensated absences such as Privilege Leave and Sick Leave are provided for based on actuarial valuation.
8.5
OTHER EMPLOYEE BENEFITS Other Employee benefits such as Leave Encashment, Leave Fare Concession and Additional Retirement Benefits on Retirement are provided for based on actuarial valuation. In respect of overseas branches and offices, the benefits in respect of employees other than those on deputation are valued and accounted for as per laws prevailing in the respective territories.
9.
cetueeme
9. 9.1
DEPRECiAtiOn: Depreciation on Fixed Assets in India [other than those referred to in Para 9.3 & 9.4] is provided on the written down value method in accordance with Schedule XIV to the Companies Act, 1956, except in case of revalued assets, in respect of which higher depreciation is provided on the basis of estimated useful life of these revalued assets. Depreciation on Fixed Assets outside India [other than those referred to in Para 9.3 below] is provided as per local laws or prevailing practices of the respective territories. Depreciation on Computers and Software forming an integral part of Computer Hardware, in and outside India is provided on Straight Line Method at the rate of 33.33% p.a, as per the guidelines of RBI. Computer software not forming an integral part of hardware is charged directly to Profit and Loss Account. Depreciation on ATMs is provided on Straight Line Method at the rate of 20% p.a. Depreciation on additions is provided for full year and no
9.1 Yeejle ceW Deeue DeeefmleeeW hej cetueeme (veeres efoS ieS hewje 9.3 SJeb 9.4 ceW meboefYe&le kees es[) kebheveer DeefOeefveece 1956 keer Devegmeteer XIV kes Devegmeej cetueeefmele yener cetue Heefle kes DeeOeej hej, hegvecet&efuele Deeefmle kees es[ efpemekes mebyebOe ceW Fve hegvece&tefuele DeeefmleeeW keer Devegceeefvele Gheeesefielee DeJeefOe kes DeeOeej hej peeoe cetueeme efkeee peelee nw, eoeve efkeee ieee nw. 9.2 Yeejle mes yeenj Deeue DeeefmleeeW hej cetueeme (veeres efoS ieS hewje 9.3 ceW meboefYe&le kees es[) mLeeveere keevetve DeLeJee mebye osMe ceW ueeiet JeJenejeW Hej eoeve efkeee ieee nw. 9.3 kecHetjeW leLee meeHeJesej pees Yeejle Deewj Yeejle mes yeenj kebcHetj ne[&Jesej kee DeefveJeee& Debie nQ, GveHej cetueeme Yeejleere efj]peJe& yeQke kes efoMeeefveoxMeeW kes Devegmeej m^s ueeFve efJeefOe mes 33.33% eefleJe<e& keer oj mes Heoeve efkeee ieee nw. kebHetj meeHeJesej peesefke ne[&Jesej kee DeefveJeee& Debie veneR nw hej cetueeme Kejero Je<e& kes oewjeve ner kej efoee ieee nw. 9.4 SerSce Hej cetueeme 20% eefleJe<e& keer oj mes m^s ueeFve efJeefOe mes Heoeve efkeee peelee nw. 9.5 HeefjJe&veeW Hej cetueeme kee mebHetCe& Je<e& kes efueS HeeJeOeeve efkeee ieee nw. peye efke yeses ieS/efvemleeefjle efkeS ieS Je<e& ceW cetueeme kee keesF& HeeJeOeeve veneR
9.2
9.3
9.4 9.5
212
2011-12
depreciation is provided in the year of sale / disposal. 9.6 10. Cost of leasehold land & leasehold improvements are amortised over the period of lease. iMPAiRMEnt OF ASSEtS: Impairment losses (if any) on Fixed Assets (including revalued assets) are recognized in accordance with the AS 28 (Impairment of Assets) issued by ICAI and charged off to Profit and Loss Account. 11. FOREiGn CURREnCY tRAnSACtiOnS: 11.1 Accounting for transactions involving foreign exchange is done in accordance with AS 11, (The Effects of Changes in Foreign Exchange Rates), issued by ICAI. 11.2 As stipulated in AS-11, the foreign currency operations of the Parent and its Subsidiaries are classified as a) Integral Operations and b) Non Integral Operations. All Overseas Branches, Offshore Banking Units, Overseas Subsidiaries of Parent are treated as Non Integral Operations; and Domestic Operations in Foreign Exchange and Representative Offices are treated as Integral Operations. 11.3 Translation in respect of Integral Operations: a. b. The transactions are initially recorded on weekly average rate as advised by FEDAI. Foreign Currency Assets and Liabilities (including contingent liabilities) are translated at the closing spot rates notified by FEDAI at the end of each quarter. The resulting exchange differences are recognized as income or expenses and are accounted through Profit and Loss Account. Any reversals / payment of foreign currency assets & liabilities is done at the weekly average closing rate of the preceding week and the difference between the outstanding figure and the amount for which reversal / payment is made, is reflected in Profit and Loss Account. Foreign exchange spot and forward contracts outstanding as at the balance sheet date and held for trading, are revalued at the closing spot and forward rates respectively notified by FEDAI and at interpolated rates for contracts of interim maturities. The resulting forward valuation profit or loss included in the Profit and Loss Account. Assets and Liabilities (including contingent liabilities) are translated at the closing spot rates notified by FEDAI at the end of each quarter. Foreign Exchange Spot and Forward contingent liabilities outstanding as at the balance sheet date are translated at the closing spot and forward rates respectively notified by FEDAI and at interpolated rates for contracts of interim maturities. Income and Expense are translated at quarterly average rate notified by FEDAI at the end of each quarter.
c.
d.
b.
c.
213
2011-12
(Ie) HeefjCeeceer efJeefvecee DeblejeW keer ieCevee Gme DeJeefOe kes efueS Deee DeLeJee Jee kes He ceW veneR keer ieF& nw leLee Fmes Meg efveJesMeeW kes efvemleejCe nesves leke Deueie mes Ske Keeles efJeosMeer cege HeeblejCe Heejef#ele efveefOe ceW jKee ieee nw. Jeeeoe efJeefvecee kejej 11.5 uesKee ceeveke SSme 11 leLee Yeejleere efJeosMeer cege Jeeheejer mebIe (Hes[eF&) kes efoMeeefveoxMeeW kes Devegmeej Jeeheej nsleg Oeeefjle yekeeee efJeosMeer cege neefpej (mhee@) SJeb Jeeeoe mebefJeoeDeeW kees legueve he$e keer efleefLe kees Hes[eF& eje DeefOemetefele yebo neefpej SJeb Jeeeoe yeepeej mebefJeoeDeeW SJeb Devleefjce heefjhekeJelee mebefJeoeDeeW kees Fvjheesues ojeW hej hegvecet&ueebefkele efkeee peelee nw. Fmekes HeuemJehe Jeeeoe cetueebkeve ueeYe DeLeJee neefve kees ueeYe-neefve Keeles ceW Meeefceue efkeee peelee nw.
The resulting exchange differences are not recognized as income or expense for the period but accumulated in a separate account Foreign Currency Translation Reserve till the disposal of the net investment. 11.5 Forward Exchange Contracts In accordance with the guidelines of FEDAI and the provisions of AS 11, Foreign exchange spot and forward contracts outstanding as at the balance sheet date and held for trading, are revalued at the closing spot and forward rates respectively notified by FEDAI and at interpolated rates for contracts of interim maturities. The resulting forward valuation profit or loss is included in the Profit and Loss Account. 12 tAXES On inCOME: This comprises of provision for Income tax and deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the period) as determined in accordance with AS 22 (Accounting for taxes on Income) issued by ICAI. Deferred tax is recognised subject to consideration of prudence in respect of items of income and expenses those arise at one point of time and are capable of reversal in one or more subsequent periods. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the timing differences are expected to be reversed. The effect on deferred tax assets and liabilities of a change in tax rates is recognised in the income statement in the period of enactment of the change. EARninGS PER ShARE: The Parent reports basic and diluted earnings per equity share in accordance with the AS 20 (Earnings per Share) issued by the ICAI. Basic earning per equity share has been computed by dividing net income by the weighted average number of equity shares outstanding for the period. Diluted earning per equity share has been computed using the weighted average number of equity shares and dilutive potential equity shares outstanding during the period. PROViSiOnS, COntinGEnt LiABiLitiES AnD COntinGEnt ASSEtS: As per the AS 29 (Provisions, Contingent Liabilities and Contingent Assets) issued by ICAI, the Parent recognizes provisions only when it has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and when a reliable estimate of the amount of the obligation can be made. Contingent liability is disclosed unless the possibility of an outflow of resources embodying economic benefit is remote. Contingent Assets are not recognized in the financial statements since this may result in the recognition of income that may never be realised.
d.
13
14
214
2011-12
Devegmeteer - 19 : 31 ceee& 2012 kees meceehle efJeeere Je<e& keer mecesefkele efJeeere efJeJejefCeeeW hej vees
1. mecesefkele efJeeere efJeJejCeer (meerSHeSme) ceW yeQke Dee@]he ye[ewoe (cetue mebmLee) leLee efvecveefueefKele Deveg<ebefieeeW/meneesieer FkeeFeeW/mebege GeceeW kes HeefjCeece Meeefceue nQ. osMe, peneb efJeeceeve nw mJeeefcelJe kee DevegHeele 31.03.12 31.03.11
1.
Schedule-19 - Notes on the Consolidated Financial Statements for the year ended 31st march 2012
1. The Consolidated Financial Statements (CFS) of the group comprise the results of the Bank of Baroda (Parent) and the following Subsidiaries/Associates/Joint Ventures: Subsidiaries Country of Percentage of IncorpoOwnership as on ration 31.03.2012 31.03.2011
1.1 Deveg<ebefieeeb 1.1.1 osMeere Deveg<ebefieeeb ke) yeQefkebie 1) vewveerleeue yeQke efue. Ke) iewj yeQefkebie i) yee@ye kewefHeue ceekex efue. ii) yee@ye kee[&me efue. 1.1.2 efJeosMeer Deveg<ebefieeeb ke) yeQefkebie i) yeQke Dee@He ye[ewoe (yeeslmeJeevee) efue. ii) yeQke Dee@He ye[ewoe (kesvee) efue. iii) yeQke Dee@He ye[ewoe (etieeb[e) efue. iv) yeQke Dee@He ye[ewoe (iegeevee) DeeFSvemeer v) yeQke Dee@He ye[ewoe (lebpeeefveee) efue. vi) yeQke Dee@He ye[ewoe ef$eefveoeo SJeb esyesiees efueefces[ vii) yeQke Dee@He ye[ewoe (Ieevee) efue. viii) yeQke Dee@]he ye[ewoe (vetpeeruewv[) efue. Ke) iewj yeQefkebie i) yee@ye (et kes) efue.
1.1
i) The Nainital Bank Ltd. b) Non Banking i) BOB Capital Markets Ltd. ii) BOB Cards Ltd. 1.1.2 Overseas Subsidiaries a) Banking
yeeslmeJeevee kesvee etieeb[e iegeevee lebpeeefveee ef$eefveoeo SJeb esyesiees Ieevee vetpeeruewv[
i) Bank of Baroda (Botswana) Ltd. ii) Bank of Baroda (Kenya) Ltd. iii) Bank of Baroda (Uganda) Ltd. iv) Bank of Baroda (Guyana) Inc. v) Bank of Baroda (Tanzania) Ltd
vi) Bank of Baroda Trinidad & Tobago Trinidad & ltd. Tobago vii) Bank of Baroda (Ghana) Ltd. b) Non Banking i) BOB (UK) Ltd.
1.2 Associates
Ghana
viii) Bank of Baroda (Newzealand) Ltd. Newzealand 100.00% United Kingdom 100.00%
etveeFs[ eEkeie[ce
1.2 meneesieer FkeeFeeb mecesefkele efJeeere efJeJejCeer (meerSHeSme) ceW meceeefnle meneesieer FkeeFeeW kes efJeJejCe efvecveefueefKele nQ : veece
Name
Country of Incorporation
peeefcyeee /Zambia Yeejle/ India Yeejle/ India Yeejle/ India Yeejle/ India Yeejle/ India Yeejle/ India
20 49 35 35 35 35 35
20 49 35 35 35 35 35
(Ke) ye[ewoe Heeeeseveej Demes cesvespecesv kebHeveer efue. (b) Baroda Pioneer Asset Management Co. Ltd. f ye[ewoe Gej eosMe ieeceerCe yeQke
i) Baroda Uttar Pradesh Gramin Bank ii) Nainital-Almora Kshetriya Gramin Bank iii) Baroda Rajasthan Gramin Bank iv) Baroda Gujarat Gramin Bank v) Jhabua-Dhar Kshetriya Gramin Bank
ii) vewveerleeue-Deucees[e #es$eere ieeceerCe yeQke iii) ye[ewoe jepemLeeve ieeceerCe yeQke iv) ye[ewoe iegpejele ieeceerCe yeQke v) PeeyegDee-Oeej #es$eere ieeceerCe yeQke
215
2011-12
1.3
veece / Name
Country of Incorporation
ke)
a) b)
India Malaysia 2.
Yeejle
44 40
Ke) 2.
e. meb
ceuesefMeee
(ke) meneesieer FkeeFeeW ceW efveJesMe keer ueeiele (Ke) GHejeskele (ke) ceW Meeefceue DeefOeienCe Hej meeKe (ie) (Ie) (*) (e) GHejeskele (ke) ceW DeefOeienCe Hej eejef#ele hetbpeer Hegvecet&ueebefkele eejef#ele efveefOe Deewj SHemeer mebJeJenej eejef#ele efveefOe kes Keeles ceW HeefjJeOe&ve DeefOeienCe GHejevle ieg[ efJeue/Deejef#ele hetbpeer kes ueeYe (Meg) kee DebMe 31 ceee& kees efveJesMe (ke-Ke-ie + Ie + *)
a. b. c. d.
Cost of Investment in Associates Goodwill on acquisition included in (a) above Capital reserve on acquisition included in (a) above Additions on account of Revaluation reserve & Foreign Currency Translation reserve Share of post acquisition profits (Net) of Goodwill/ Capital Reserve Investment as at 31st March (a -b-c+d+e) Investment in India Investment outside India Total (g + h) 3.
e. f. g. h. i.
() Yeejle ceW efveJesMe (pe) Yeejle kes yeenj efveJesMe (Pe) kegue ( + pe) 3. Deveg<ebefieeeW /meneesieer FkeeFeeW keer efJeeere efJeJejefCeeeb
f ] 3.1.1 Deveg<ebeieeeW leLee meneesieer FkeeFeeW keer efJeeere efJeJejefCeeeb, yeQke Dee@He ye[ewoe (etieeb[e) efue.(Fmekeer mebhetCe& mJeeefcelJe Jeeueer Deveg<ebieer yeQke Dee@he ye[ewoe kewefHeue ] ceekex etieeb[e efue. kees Meeefceue kejles ngS), yeQke Dee]He ye[ewoe (kesvee) efue., yeQke @ Dee]He ye[ewoe (lebpeeefveee) efue. kees e[kej, efpevekeer 31 ceee&, 2012 leke leweej @ s keer ieF& nw Gmeer efjHeeseie leejerKe kes Devegmeej leweej keer ieF& nQ efpeme leejerKe kees f cetue mebmLee keer efJeJejCeer leweej keer ieF& nw. Gkele Deveg<ebeieeeW keer efJeJejefCeeeb 31 f efomebyej, 2011 keer efmLeefle kes DevegHe leweej keer ieF& nQ. HeyebOeve eje eLee HeceeefCele 1 peveJejer, 2012 mes 31 ceee&, 2012 kes yeere DeHese#ele meceeeespeveeW f nsleg keesF& GuuesKeveere mebJeJenej veneR ngDee nw. 3.1.2 mecesefkele efJeeere efJeJejCeer Je<e& 2011-12 ceW yeQke Dee@]He ye[ewoe (yeeslmeJeevee) efue. leLee yeQke Dee@]he ye[ewoe (ef$eefveoeo SJeb esyewiees) efue. kes DeuesKee hejeref#ele efJeeere efJeJejefCeeeW kee Yeer meceeJesMe nw. 3.2 yeQke keer meneesieer FkeeF& ye[ewoe Heeeesefveej Smes cewvespeceW keb.efue. keer efveJesMe leLee Deeue DeeefmleeeW Hej cetueeme kes efueS eeJeOeeve keer uesKeebkeve veerefleeeb yeQke (cetue mebmLee) mes efYevve nQ. Fmekes HeYeeJe kes HeceeCe kee GuuesKe mecesefkele efJelleere efJeJejCe ceW vener efoee ieee nw, keeeWefke eyebOeve keer jee ceW en cenlJehetCe& veneR nw.
3.1.1 The audited financial statements of the subsidiaries and associates have been drawn up to the same reporting date as that of the Parent i.e. 31st March, 2012 except for Bank of Baroda (Uganda) Ltd, (including its whollyowned subsidiary Baroda Capital Markets (Uganda) Ltd.), Bank of Baroda (Kenya) Ltd., Bank of Baroda (Ghana) Ltd. and Bank of Baroda (Tanzania) Ltd., which have been drawn up to 31st December, 2011. As certified by the Management, there are no significant transactions or other events during 1st January, 2012 to 31st March, 2012 requiring adjustment therein. 3.1.2 CFS for the year 2011-12 of the group includes unaudited financial statements of subsidiaries viz., Bank of Baroda (Botswana) Ltd. and Bank of Baroda (Trinidad and Tobago) Ltd. 3.2 The accounting policies of Baroda Pioneer Asset Management Co. Ltd, an associate of the parent on Investments and Provision for Depreciation on Fixed Assets are different from the Parent. Impact of the same is not given in the Consolidated Financial Statement, and in the opinion of the Management the same is not material.
216
2011-12
The accounts of the following domestic subsidiaries for the year ended 31st March, 2012 are subject to the comments of Comptroller & Auditor General of India under Section 619(4) of the Companies Act, 1956: 1) BOB Capital Markets Ltd. 2) BOB Cards Ltd.
5.
5.
Capital Reserves Capital Reserve includes appreciation arising on revaluation of immovable properties, profit on sale of HTM securities (net of tax and transfer to Statutory Reserve) and amount subscribed by Government of India under the World Banks Scheme for Export Development Projects / Industrial Export Projects for small / medium scale industries. Provision for Taxes Provision for taxes are arrived at after due consideration of decisions of appellate authorities and advice of Consultant. Tax paid in advance / tax deducted at source is net of provisions and is appearing under Other Assets amounting to `2017.81 crores, includes `1993.11 crores of the parent, represents amounts adjusted by the department / paid by the Parent in respect of disputed tax demands for various assessment years. No provision is considered necessary in respect of the said demands as in the parents view, duly supported by counsels opinion and / or judicial pronouncements, additions / disallowances made by the Assessing Officer are not sustainable. Certain properties of the Parent are stated at revalued amounts. The gross amount of the revaluation included in premises as at the year `1777.43 crores (including `30.55 crores at overseas offices) and net of depreciation the revaluation amounts to `1173.68 crores (Previous Year `1242.49 crores). Break up of Provisions and Contingencies The break-up of provisions and contingencies appearing in Profit & Loss Account is as under: (` kejes[ ceW / ` in Crores)
6. 6.1
6.2
8.
efJeJejCe yesKeeles [eues ieS $e+CeeW/SveheerS kes efueS eeJeOeeve hegveie&ef"le ceeveke Je DeJeceeveke KeeleeW ceW yeepe kes meseerHeeFpe nsleg eeJeOeeve osMeiele peesefKece eyebOeve nsleg eeJeOeeve kejeW kes efueS eeJeOeeve (DeemLeefiele kej meefnle) efveJesMe hej cetueeme nsleg eeJeOeeve ceeveke DeeefmleeeW nsleg eeJeOeeve kece&eejer keueeCe Jee nsleg eeJeOeeve Deve pees[
Particulars Bad debts written off / Provision made towards NPA Provision towards sacrifice of interest in Restructured standard and sub-standard accounts Provision for Country Risk Management Provision for taxes (including deferred Taxes) Provision for depreciation on investment Provision for standard assets Provision for staff welfare expenses Others Total
Current Year Previous Year 1595.98 1086.11 296.32 5.22 1087.98 238.81 449.66 25.00 493.76 4192.73 (4.71) 2.06 1477.22 12.12 224.16 15.00 369.06 3181.02
eeuet Je<e&
efJeiele Je<e&
217
2011-12
9.
AS-15 Employee Benefits [Parent] Disclosures Principal Actuarial Assumptions [Expressed as Weighted Averages] (` kejes[ ceW) / (` in crores)
eespevee kee mJehe / TYPE OF PLAN HeWMeve GHeoeve DeJekeeMe Deefle. Pension Gratuity vekeoerkejCe mesJee Leave ueeYe
encashment 8.50% 4.00% 2.00% -
ARB
Discount rate Salary Escalation Rate Attrition Rate Expected Rate of Return on plan Assets
eespevee kee mJehe / TYPE OF PLAN HeWMeve GHeoeve DeJekeeMe Deefle. Pension vekeoerkejCe Gratuity mesJee Leave ueeYe
encashment
48.43 33.90 48.16 -28.07
ARB
1/4/2011 kees HeerJeerDees pees[s-yeepe keer ueeiele b pees[s-eeuet mesJee ueeiele b Ieeesb-Heoe ueeYe pees[s-oeefelJe Hej yeerceebekeke neefve/ueeYe(-) b f 31.03.2012 kees HeerJeerDees
PVO as at 01.04.2011 Add- Interest Cost Add- Current Service Cost Less- Benefits Paid Add- Actuarial loss/gain(-) on obligation PVO as at 31.03.2012
559.91 1327.35 441.52 111.95 53.96 128.45 52.04 37.28 12.25 30.47 -13.96
eespevee DeeefmleeeW kes Gefele cetue kes DeejbefYeke Mes<e SJeb Debeflece Mes<e kee meceeOeeve
Reconciliation of opening & closing balance of fair value of plan assets (` kejes[ ceW / `in Crores)
HeWMeve
GHeoeve
Fair Value of plan assets as on 01-04-2011 Add- Expected Return on Plan Assets Add- Contributions Add- transfer from other trust and members Less- Benefits Paid Add- Actuarial gain/(-)loss Fair Value of Plan Assets as on 31.03.2012
pees[- eespeveeiele DeeefmleeeW hej mebYeeefJele efjve& W pees[- DebMeoeve W pees[- Deve veeme SJeb meomeeW mes Debleefjle W IeeeW-Heoe ueeYe pees[-yeerceebefkeke ueeYe / (-) neefve W 31.03.2012 kees eespeveeiele DeeefmleeeW kee Gefele cetue
218
2011-12
eespevee kee mJehe TYPE OF PLAN Deefle. mesJee ueeYe PENSION GRATUITY ENCASHMENT ARB HeWMeve DeJekeeMe vekeoerkejCe LEAVE ieseger
ke) oeefelJe kee HeerJeer Ke) eespeveeiele DeeefmleeeW kee Gefele cetue ie) Devlej Ie) DeefveOee&efjle mebeceCeMeerue oselee *) leguevehe$e ceW ceeve oselee
a) PV of obligation b) Fair value of plan assets c) Difference d) Unrecognised transitional liability e) Liability Recognised in the BS 7033.55 5740.29 1293.26 1097.94 195.32 566.01 566.01 566.01 1416.85 1308.84 108.01 108.01 446.62 446.62 446.62
eeuet mesJee ueeiele yeepe ueeiele eespeveeiele Deeefmle Hej mebYeeefJele efjve& eqveOee&efjle efheueer mesJee ueeiele (-) Je<e& kes oewjeve mebeceCeere oselee ueeYe neefve Keeles ceW efveOee&efjle Kee&
a) b) c) d) e)
Current Service Cost Interest Cost Expected Return on Plan Assets Net Actuarial Loss/gain(-) Transitional liability recognized in the year
-28.07
378.98 671.88
39.20 93.46
37.60 145.63
45.40 80.97
Deieueer DeJeefOe (2012-13) kes efueS mebYeeefJele DebMeoeve efJeJejCe mebYeeefJele DebMeoeve efveJesMe Hewve& efJeJejCe kesvere mejkeej eefleYetefleeeb jepe mejkeej eefleYetefleeeb keeheexjs (heerSmeet) keeheexjs (heeFJes) Deve kegue
Expected contribution for next period (2012-13) ( ` kejes[ ceW / ` in Crores) Particulars Expected contribution investment Pattern Particulars Central Government Securities State Government Securities Corporate (PSU) Corporate (Private) Others Total
HeWMeve / Pension
401.57
iesegerr / Gratuity
136.01 ( ` kejes[ ceW / ` in Crores)
219
2011-12
10.
uesKee ceeveke 17 - mesieceW efjHeesefie kes lenle ekeerkejCe Yeeie ke eeLeefceke Keb[
Segment Reporting (AS 17) Accounting Standard 17 - Disclosure under Segment Reporting Part A: Primary Segments (` kejes[ ceW / ` in Crores)
efyepevesme mesieceW jepemJe heefjCeece Deveeyebefle Kee& Heefjeeueveiele ueeYe Deeekej efJeefMe< ueeYe / neefve Meg ueeYe Deve metevee mesieceW Deeefmleeeb Deveeyebefle Deeefmleeeb kegue Deeefmleeeb mesieceW oseleeSb Deveeyebefle oseleeSb kegue oseleeSb efveeesefpele Hetbpeer Deveeyebefle kegue efveeesefpele Hetbpeer
Business Segments Revenue Result Unallocated Expense Operating Profit Income taxes
^spejer
Corporate / Wholesale Banking 2010-11 2011-12 2010-11 5692.51 13185.19 9878.83 912.04 980.42 1714.37
keeHeexjs/nesuemesue yeQefkebie
efjsue yeQefkebie
Banking & Other Operations 2011-12 2010-11 5218.99 4049.24 3173.47 2960.49
Total 2011-12 34588.91 7928.90 1592.86 6336.04 1087.47 --5248.57 2010-11 25800.41 6958.08 1047.15 5910.93 1477.22 --4433.71
kegue
Extra-ordinary Profit/loss Net Profit Other Information Segment Assets 105423.13 Unallocated Assets Total Assets Segment Liabilities 98850.77 Unallocated Liabilities Total Liabilities Capital Employed 6572.36 Unallocated Total Capital Employed
64819.14
60778.14
52188.47 132779.94
(` kejes[ ceW / ` in Crores) International Operations 2011-12 4540.52 133958.87 2010-11 3249.87 93755.67
osMeere heefjeeueve
Devleje&^ere heefjeeueve
kegue / Total
2011-12 34448.47 457412.00 2010-11 25800.41 366213.77
efhheCeer : 1. Yeejleere efjpeJe& yeQke kes eqoMee efveoxMeevegmeej uesKeebkeve ceevekeeW kes Devegheeueve ceW yeQke ves ^spejer Dee@hejsMeve, nesuemesue, efjsue Deewj Deve yeQefkebie heefjeeueveeW kees eeLeefceke keejesyeej mesieceW Deewj osMeere Deewj Devleje&^ere kees ieewCe / Yeewieesefueke mesieceW kes he ceW Deheveeee nw. 2. yeQefkebie SJeb Deve heefjeeueveeW ceW Deve yeQefkebie leLee iewj yeQefkebie heefjeeueve Meeefceue nQ. 3. mesieceW jepemJe yeee eenkeeW mes eehle jepemJe kees oMee&lee nw. 4. mesieceW heefjCeece lee kejles mecee, yeQke eje DeheveeF& ieF& DeblejCe cetue efveOee&jCe eCeeueer kees eeesie ceW ueeee ieee nw. 5. eleske mesieceW kes efueS efveeesefpele hetbpeer kees mesieceW keer DeeefmleeeW kes efueS Deevegheeefleke leewj Deeyebefle efkeee ieee nw.
Notes: 1. As per guidelines of RBI on compliance with Accounting Standards, parent has adopted Treasury Operations, Wholesale, Retail and other Banking Operations as Primary business segments and Domestic and International as Secondary / Geographic segments. 2. Banking & Other operations includes other banking operations and nonbanking operations 3. Segment revenue represents revenue from external customers. 4. In determining the segment results, the funds transfer price mechanism followed by the Parent has been used. 5. Capital Employed for each Segment has been allocated proportionate to the assets of the Segment.
220
2011-12
11.
Designation
veece
heoveece
Current Year
Shri M.D.Mallya
12.
eeuet Je<e&
efJeiele Je<e&
FefkeJeer Mesej OeejkeeW nsleg kej kes yeeo GheueyOe Meg ueeYe (` kejes[es ceW) FefkeJeer MesejeW keer mebKee (Yeeefjle) eefle Mesej cetue Je [eeuets[ Depe&ve `10 eleske kes eefle FefkeJeer Debefkele Mesej cetue
Net Profit after tax available for Equity shareholders (` in crores) Number of Equity Shares (Weighted) Basic and diluted earnings per share of `10/- each (`) Nominal Value per Equity Share 13.
13. Deee hej kej ieCevee (SSme-22) ke. DeemLeefiele kej oselee (efveJeue) efJeJejCe
Particulars
Accounting for Taxes on Income (AS-22) a. Deferred Tax Assets (Net) 31.03.2012 31.03.2011
Deeefmleeeb
Asset
Liability
-
oselee
Deeefmleeeb
Asset
3.79
Liability
-
oselee
Deeekej DeefOeefveece kes lenle yener cetueeme leLee cetueeme kes yeere Deblej Deeekej DeefOeefveece 1961 keer Oeeje 36(1) (viii) kes lenle keeQefleeeb Deve mebefoiOe $e+Ce SJeb Deefieceebs kes efueS HeeJeOeeve Deeekej DeefOeefveece keer Oeeje 40(S) (DeeF& S) kes lenle Deceeve jeefMe ger vekeoerkejCe nsleg eeJeOeeve mebefoiOe $e+CeeW leLee DeeqeceeW nsleg eeJeOeeve (efJeosMeer) pees[ Meg DeemLeefiele kej oselee / Deeefmleeeb
Difference between book depreciation and Depreciation under Income Tax Act Deduction under section 36(1)(viii) of the Income-tax Act, 1961 Others Provision for doubtful debts and advances Amount Disallowable U/S 40(a)(ia) of the IT Act Provision for leave encashment Provision for doubtful debts and advances (foreign) Total: Net Deferred tax Liability /Asset
8.94
0.16 0.03 -
0.24 -
2.77 -
2.22 -
11.90 11.90
6.25 6.25
221
2011-12
Particulars Difference between book depreciation and Depreciation under Income Tax Act Deduction under section 36(1) (viii) of the Income-tax Act, 1961 Others Provision for doubtful debts and advances Amount Disallowable U/S 40(a) (ia) of the IT Act Provision for leave encashment Provision for doubtful debts and advances (foreign) Total: Net Deferred tax Liability /Asset
14.
Deeefmleeeb
Asset -
Liability 90.16
oselee
Deeefmleeeb
Asset -
Liability 53.51
oselee
15.
16.
Heefjeeueve yebo kejvee (SSme 24) efJeeere Je<e& 2011-12 kes oewjeve yeQke ves DeHeveer efkemeer Yeer MeeKee kees yebo kejves mebyebOeer keee&Jeener veneR keer nw, HeuemJeHe oseleeDeeW kees kece kejkes DeeefmleeeW keer Jemetueer keer pee mekeer nw Deewj mebHetCe& yeQke mlej Hej DeHeves Heefjeeueve ceW efkemeer keee&Jeener keer meceeefHle, efpememes GHejeskele HeYeeJe He[s, mebyebOeer efveCe&e veneR efueee ieee nw. DeeefmleeeW kee Devepe&ke yevevee (SSme-28) uesKee ceeveke-28 DeeefmleeeW kee FbhesejceW kes Keb[ 5 mes Keb[ 13 kes Debleie&le keesF& cenlJehetCe& GuuesKe ve nesves kes heuemJehe eeuet efJeeere Je<e& ceW Deeue mebheefe kee keesF& Yeer FbhesejceW pejer veneR nw. eeJeOeeve, Deekeefmceke oseleeSb leLee Deekeefmceke Deeefmleeeb (SSme-29) oseleeDeeW kes efueS eeJeOeeveeW kee mebeueve (Deve kes efueS eeJeOeeveeW kees es[kej)
Particulars
15.
16.
AS-24 Discontinuing operations During the financial year 2011-12 the Group has not discontinued the operations of any of its branches, which resulted in shedding of liability and realization of the assets and no decision has been finalized to discontinue an operation in its entirety, which will have the above effect. AS-28 impairment of Assets In view of the absence of indication of material impairment within the meaning of clause 5 to clause 13 of AS 28 Impairment of Assets, no impairment of fixed assets is required in respect of current financial year. AS-29 Provisions, Contingent Liabilities and Contingent Assets: Movement of provisions (excluding provisions for others)
(` in crores)
efJeJejCe
1 Deewue kees Mes<e Je<e& kes oewjeve eoe Je<e& kes oewjeve Heegkele 31 ceee& kees Mes<e DeeGHeuees/DeefveefMeleleeDeeW kee mecee
Balance as on 1st April Provided during the year Amount used during the year Balance as at 31st March Timing of Outflow / uncertainties
Contingencies Current Previous Year Year 8.82 4.87 1.31 10.13 Outflow on settlement / crystallization 3.95 8.82
Deekeefmceke oseleeSb legueveHe$e kes Mes[detue 12 kes e meb. (I) mes (VI) ceW G=le Ssmeer oseleeSb Deoeuele kes efveCe&e, Hebe Hewmeues, Deoeuele kes yeee efvemleejCe, DeHeerue kee efveHeeje, ceebieer ieF& jeefMe, DevegyebOeve oeefelJeeW kes mebyebOe ceW, eceMe: mebyebefOele Heeef&eeW eje keer ieF& ceebieeW Hej efveYe&j kejleer nQ. Ssmes ceeceueeW ceW keesF& HeefleHetefle& DeHesef#ele veneR nw.
Contingent Liabilities Such liabilities as mentioned at Serial No (I) to (VI) of Schedule 12 of Balance Sheet are dependent upon, the outcome of court, arbitration, out of court settlement, disposal of appeals, the amount being called up, terms of contractual obligations, development and raising of demand by concerned parties respectively. No reimbursement is expected in such cases.
222
2011-12
Additional information disclosed in the separate financial statements of the Parent and the subsidiaries having no bearing on the true and fair view of the CFS and also the information pertaining to the items which are not material, have not been disclosed in the CFS. During the previous year, the Parent and its subsidiary The Nainital Bank Ltd. reopened the pension option for such of its employees who had not opted for the pension scheme earlier. As a result of exercise of such option by 19289 employees, the Group had incurred a liability of `1855.71 crores. Further, during the previous year, the limit of gratuity payable to the employees of the Group was also enhanced pursuant to the amendment to the Payment of Gratuity Act, 1972. As a result, the gratuity liability of the Group had increased by `10.09 crores. In terms of the requirements of the AS 15 - Employee Benefits, the entire amount of `1865.80 crores was required to be charged to the Profit and Loss Account. However, vide RBI circular no. DBOD.BP.BC.80/21.04.018/2010-11 on Re-opening of Pension Option to Employees of Public Sector Banks and Enhancement in Gratuity Limits Prudential Regulatory Treatment, dated 9th February 2011, the Group has charged an amount of `746.32 crores (representing two-fifth of `1865.80 crores) upto March 31, 2012. The unrecognized balance of `1119.48 crores (`1865.80 crores `746.32 crores) shall be accounted for and charged off over the balance period stipulated in terms of the said circular. This liability does not include any amount relating to separated/ retired employees. 19. The Parent has taken over specified Assets & Liabilities of The Memon Co-operative Bank Ltd on 18th April, 2011 as per approval granted by RBI vide letter no. UBD. CO.MEROER No. 7814/09.16.901/2010.11 dated 04th March, 2011. Out of the deficit of `149.25 crores on account of the said take over, the Parent has proportionately charged `49.75 crores of the said deficit to the Profit and Loss Account during the year ended 31st March, 2012. The balance amount of `99.50 crores will be charged proportionately during the remaining period till Financial Year 2013-14, as approved by RBI vide letter no. DBOD. No.BP.1311/21.04.048/2010-11 dated 25th July, 2011. The Parent has made provision @ 20% on the Secured Sub-standard Advance as against the Regulatory requirement of 15%. Further the Parent has made an additional ad-hoc provision of `342.79. Crores for the year ended March 31, 2012 (previous year `320.08 Crores) in certain non performing domestic advance accounts. 21. Previous Year Figures: Previous years figures of the group entities have been rearranged / recast / regrouped wherever considered necessary.
20.
21. efheues Je<e& kes Deebke[s mecetn mebmLeeDeeW kes efheues Je<e& kes Deebke[eW kees peneb DeeJeMeke mecePee ieee, Jeneb hegve: JeJeefmLele / hegveefve&Oeeefjle / hegve: mecetnerke=le efkeee ieee nw.
223
2011-12
31 ceee& 2012 kees meceehle Je<e& kes efueS mecesefkele veieoer eJeen efJeJejCe
Statement of Consolidated Cash Flow for the year ended 31st March, 2012 (000 Devebefkele omitted)
31 ceee& 2012 kees meceeHle Je<e&
ke. Heefjeeueve keee&keueeHeebs mes vekeoer HeJeen : kej mes HetJe& Meg ueeYe efvecveefueefKele kes efueS meceeeespeve : Deeue DeeefmleeeW Hej cetueeme efveJesMeeW Hej cetue eme (HeefjHekeJe $e+CeHe$eeW meefnle) yes Keeles ceW [eues ieS DeMeesOe $e+Ce/ iewj efve<Heeoke DeeefmleeeW kes efueS HeeJeOeeve ceeveke DeeefmleeeW kes efueS HeeJeOeeve Deve ceoeW kes efueS HeeJeOeeve Deeue DeeefmleeeW keer efyeeer mes ueeYe /(neefve) ieewCe $e+CeeW Hej yeepe ueeYe/HeeJeOeeve, (Deueie mes efueee ieee) GHe pees[ efvecveefueefKele kes ef}S meceeeespeve : efveJesMeeW ceW (Je=ef) / keceer DeefieceeW ceW (Je=ef) / keceer Deve DeeefmleeeW ceW (Je=ef) / keceer GOeej jeefMeeeW ceW Je=ef / (keceer) pecee jeefMeeeW ceW Je=ef / (keceer) Deve oseleeDeeW leLee HeeJeOeeveesb ceW Je=ef /(keceer) Heoe Hele#e kej (efjHeb[ kee Meg) Heefjeeueve efeeekeueeHeeW mes efveJeue vekeoer (ke) Ke. efveJesMe mebyebOeer efeeekeueeHeeW mes vekeoer eJeen : Deeue DeeefmleeeW keer Kejero Deeue DeeefmleeeW keer efyeeer efveJesMe mebyebOeer keee&keueeHeeW mes Meg vekeoer (Ke) ie. efJelleere efeeekeueeHeeW mes vekeo eJeen Mesej hetbpeer
A. Cash flow from operating activities :
net Profit before taxes Adjustments for: Depreciation on fixed assets Depreciation on investments (including on Matured debentures) Bad debts written-off/Provision in respect of non-performing assets Provision for Standard Assets Provision for Other items (Profit)/loss on sale of fixed assets Payment/provision for interest on subordinated debt(treated separately) Sub total Adjustments for: 295,48,16 238,81,36 1892,81,38 449,66,42 523,98,03 (79,87) 914,36,03 10650,35,21 259,70,38 12,11,71 1081,40,04 224,16,04 386,12,58 12,67 846,16,11 8720,72,05 6336,03,70 5910,92,52
(Increase)/Decrease in investments (Increase)/Decrease in advances (increase)/Decrease in other assets Increase/(Decrease)in borrowings Increase/(Decrease) in deposits Increase/(Decrease) in other liabilities and provisions Direct taxes paid (Net of Refund) net cash from operating activities (A) B. Cash flow from Investing activities : Purchase of fixed assets Sale of fixed assets net cash from investing activities (B) C. Cash flow from financing activities: Share Capital
19,57,73
27,27,96
224
2011-12
Share premium Unsecured Subordinated Bonds Dividend Interest paid / payable on unsecured redeemable bonds net cash from financing activities (C) net increase in cash & cash equivalents (A)+(B)+(C) Cash and cash equivalents as at the beginning of the year Cash and cash equivalents as at the end of the year
Notes: Cash & Cash equivalents includes Cash on hand, Balance with RBI & Other banks and Money at call and Short Notice. Components of Cash & Cash Equivalents Cash & Balance with RBI Balances with Banks and Money at Call and Short Notice total
Yee.efj.yeQ. leLee Deve yeQkeeW kes Heeme Mes<e Deewj ceebie leLee DeuheeJeefOe veesefme hej cege Meeefceue nQ.
Yee.efj.yeQ. kes Heeme vekeoer SJeb Mes<e yeQkeeW kes meeLe Mes<e leLee ceebie SJeb DeuheeJeefOe veesefme hej cege pees[
225
2011-12
yeQke Dee@]He ye[ewoe keer mecesefkele efJelleere efJeJejefCeeeW hej uesKee hejer#ekeeW keer efjhees&
mesJee ceW, efveosMeke ceb[ue, yeQke Dee@]He ye[ewoe 1. nceves yeQke Dee@He ye[ewoe (eghe) kes 31 ceee&, 2012 kes mebueive mecesefkele legueve He$e Deewj Gmekes meeLe mebueive Gkele leejerKe kees meceeHle Je<e& kes mecesefkele ueeYe-neefve uesKes Deewj Ge leejerKe kees meceehle mecesefkele vekeoer eJeen efJeJejCeer keer uesKee Hejer#ee keer nw. FveceW efvecveefueefKele kes Keeles Meeefceue efkeS ieS nQ;
i. To
nceejer uesKee Hejer#ee efjHees& efoveebke 04.05.2012 kes Devegmeej nceejs eje uesKee hejeref#ele yeQke Dee@]He ye[ewoe (o yeQke) kes uesKee hejeref#ele Keeles, Deve uesKee hejer#ekeeW eje uesKee hejeref#ele -10- Deveg<ebefieeeW leLee -7- meneesieer FkeeFeeW, 2 mebege GheeceeW kes uesKee hejeref#ele Keeles, 2 Deveg<ebefieeeW kes DeuesKeehejeref#ele Keeles mecesefkele efJeeere efJeJejefCeeeb efJeeere HeyebOeve keer efpeccesoejer nQ leLee FvnW HeyebOeve eje Deveg<ebefieeeW leLee meneesieer FkeeFeeW leLee mebege GheeceeW keer Deueie efJeeere efJeJejefCeeeW leLee Deve efJeeere meteveeDeeW kes DeeOeej Hej leweej efkeee ieee nw. nceejer efpeccesoejer mecesefkele efJeeere efJeJejefCeeeW kes yeejs ceW nceejs eje keer ieF& uesKee-Hejer#ee kes DeeOeej Hej cele Jekele kejvee nw.
i.
ii.
ii.
iii.
iii.
2.
yeQke eje mecesefkele efJeeere efJeJejefCeeeW kees uesKee-ceeveke SSme-21 (mecesefkele efJeeere efJeJejefCeeeb) Deewj uesKee ceeveke SSme-23 (mecesefkele efJeeere efJeJejCeer ceW Deveg<ebefieeeW ceW efveJesMe nsleg uesKeebkeve) leLee uesKee ceeveke SSme-27 (mebege GheeceeW ceW yeepe keer efJeeere efjheesefie) kes DeeOeej Hej Fbmeret Dee@He ee&[ SkeeGbWdme Dee@He Fbef[ee leLee Yeejleere efj]peJe& yeQke eje peejer efoMee-efveoxMeeW kes DevegHe leweej efkeee ieee nw.
3.
3.
nceves mecesefkele efJeeere efJeJejefCeeeW keer uesKee-Hejer#ee, Yeejle ceW meeceevele: mJeerkeee& uesKee-Hejer#ee ceevekeeW kes DevegHe keer nw. Fve ceevekeeW kes Devegmeej en DeHesef#ele nw efke nce uesKee-Hejer#ee Fme Hekeej megefveeesefpele Deewj mebHevve kejW efke nceW en leke& mebiele DeeMJeemeve efceues efke es efJeeere efJeJejefCeeeb meYeer Hekeej keer cenlJeHetCe& ieueefleeeW mes cegkele nbw. uesKee-Hejer#ee ceW, peebe DeeOeej Hej Hejer#eCe, jeefMeeeW mebyebefOele HeceeCe Deewj efJeeere efJeJejefCeeeW kee HekeerkejCe Meeefceue nw. uesKee-Hejer#ee ceW HeyebOeve eje, Heegkele uesKeekejCe efmeevleeW kee efveOee&jCe Deewj cenlJeHetCe& Deekeueve Meeefceue nw. FmeceW meceie efJeeere efJeJejefCeeeW kee HemlegleerkejCe cetueebkeve Yeer Meeefceue nQ. nceeje efJeMJeeme nw efke nceejs eje keer ieF& uesKee-Hejer#ee nceejer jee kee leke& mebiele DeeOeej nw.
226
2011-12
Incorporated in the Consolidated Financial Statements are: (a) Figures of unaudited financial statements in respect of -2- international subsidiaries, namely Bank of Baroda (Botswana) Ltd. and Bank of Baroda (Trinidad and Tobago) Ltd., whose financial statements reflect total assets of `1497.68 crores as on 31st March, 2012 and total revenue of `82.34 crores and cash flows amounting to `29.32 crores for the year ended on that date (b) Financial statements of -7- international subsidiaries and -1- international Joint venture which have not been audited by us whose financial statements reflect total assets of `4680.42 crores as at 31st March, 2012 and total revenue of `425.43 crores and cash flows amounting to `191.06 crore for the year then ended. The financial statements and other financial information of said subsidiaries and joint ventures have been audited by other auditors as per the requirement of respective local Generally Accepted Accounting Principles (GAAP). These financial statements have been converted as per the requirements of Indian GAAP by the management and audited by them and our opinion, in so far it relates to the amounts included in respect of those subsidiaries is based solely on the reports of those auditors and its conversion into Indian GAAP as stated above. (c) Figures of -3- domestic subsidiaries and -1domestic joint venture which have been audited by other auditors whose financial statements reflect total assets of `5393.35 crore as at March 31, 2012 and total revenue of `1036.41 crore and cash flows amounting to `160.57 crore for the year then ended.
5.
Deheveer jee kees meb%eeve ceW ve uesles ngS, nce efvecveefueefKele keer Deewj Oeeve Deekee|<ele kejles nQ (ke) Devegmeteer 19 kes vees meb.18, efpemeceW yeQke leLee Gmekeer Deveg<ebieer vewveerleeue yeQke efueefces[ keer DeemLeefiele oselee kee GuuesKe efkeee ieee nw peesefke 31 ceee&, 2012 kees 1119.48 kejes[ hees keer heWMeve leLee Gheoeve (ieseger) mes mebye nw. en Yeejleere efj]peJe& yeQke eje mejkeejer #es$e kes yeQkeeW kes kece&eeefjeeW kees heWMeve kee efJekeuhe hegve: Keesueves leLee Gheoeve (ieseter) meercee ceW Je=ef efJeJeskehetCe& efveeeceke JeJenej kes yeejs ceW peejer heefjhe$eebke [eryeerDees[er.yeerheer. yeermeer/80/21.04.018/2010-11 efoveebke 9 HejJejer, 2011 kes Devegmeej SSme 15 (mebMeesefOele) kece&eejer ueeYe kes heeJeOeeveeW kees ueeiet kejves mes yeQkeeW kees t osves kes Devegheeueve kes he ceW nw. (Ke) Devegmeteer 19 kes vees meb.19 ceW Yeejleere efj]peJe& yeQke he$e meb. [eryeerDees[er meb.yeerheer.1311/21.04. 048/2010-11 efoveebke 25 pegueeF&, 2011 kes eje heehle Devegceesove kes Devegmeej cesceve kees-Dee@ hejsefJe yeQke efueefces[ keer efJeefvee|o DeeeqmleeeW leLee oseleeDeeW kes DeefOeienCe kes heefjCeecemJehe 31 ceee&, 2012 kees 99.50 kejes[ hees kes kegue efveOee&ejle Iees kee GuuesKe efkeee ieee nw efpemes efJeeere f Je<e& 2013-14 leke Deevegheeefleke he mes heYeeefjle efkeee peevee nw.
Without qualifying our opinion, we draw attention to: (a) Note No.18 of Schedule-19, which describes deferment of liability of the Bank and its subsidiary, the Nainital Bank Ltd, relating to pension and gratuity to the extent of `1119.48 crores as on March 31, 2012 pursuant to the exemption granted by the Reserve Bank of India to the public sector banks from application of the provisions of AS 15 (revised), Employee Benefits, vide its circular no. DBOD.BP.BC/80/21.04.018/2010-11 dated February 9, 2011, on Re-opening of Pension Option to Employees of Public Sector Banks and Enhancement in Gratuity Limit- Prudential Regulatory Treatment. (b) Note No.19 of Schedule-19, which describes that the unrecognized deficit aggregating `99.50 crores as on March 31, 2012, arising out of the take-over of specified assets and liabilities from the Memon Co-operative Bank Limited to be charged off proportionately till financial year 2013-14 as per approval received from RBI vide Letter No. DBOD. No.BP.1311/21.04.048/2010-11 dated July 25, 2011.
227
2011-12
nceejer uesKee Hejer#ee SJeb Deve uesKee-Hejer#ekeeW keer Deueie efJeeere efJeJejefCeeeW Deewj IekeeW keer Deve efJeeere metevee leLee nceejer meJeexece peevekeejer Deewj hewjeeeHe 4 leLee 5 kes meeLe heef"le nceW efoS ieS mHe<erkejCe kes Devegmeej nceejer en jee nw efke mebueive mecesefkele efJeeere efJeJejefCeeeb Yeejle ceW meeceevele: mJeerke=le uesKeebkeve efmeevleeW kes Devegmeej JeemleefJeke SJeb mener lemJeerj Hemlegle kejleer nQ. (i) 31 ceee& 2012 kees yeQke, yeQke keer Deveg<ebefieeeW kes keee& JeJenejeW leLee yeQke keer meneesieer kecheefveeeW / mebege GheeceeW kes efnleeW mes mecyebefOele mecesefkele legueveHe$e kes mecyeOe ceW. Gkele leejerKe kees meceeHle Je<e& kes efueS iegHe kes mecesefkele ueeYe mecyevOeer mecesefkele ueeYeneefve Keeles kes mecyevOe ceW, leLee
6.
Based on our audit, consideration of reports of other auditors on separate financial statements, consideration of unaudited financial statements and on the other financial information of the components, and to the best of our information and according to the explanations given to us read with paragraphs 4 and 5 above, we are of the opinion that the attached consolidated financial statements give a true and fair view in conformity with the accounting principles generally accepted in India: (i) in the case of the Consolidated Balance Sheet, of the state of affairs of the Bank, its Subsidiaries and interests in its Associates/ Joint ventures(Group) as on 31st March 2012; in the case of the Consolidated Profit & Loss Account, of the consolidated Profit of the Group for the year ended on that date, and
(ii)
(ii)
(iii) Ge leejerKe kees meceehle Je<e& kes efueS eghe kes vekeoer HeJeen mecyevOeer mecesefkele vekeoer HeJeen efJeJejCeer kes mecyebOe ceW.
(iii) in the case of Consolidated Cash Flow Statement, of the cash flows of the Group for the year ended on that date.
ke=les efKecepeer kegbJejpeer SC[ keb. meveoer uesKeekeej SHeDeejSve: 105146 [yuet (ieewlece Jeer Meen) Yeeieeroej Sce. veb.: 117348
For Khimji Kunverji & Co Chartered Accountants FRN: 105146W (Gautam V. Shah) Partner M No.117348
ke=les yeeee SC[ keb. meveoer uesKeekeej SHeDeejSve: 000511 Sme (kes. efpeleW kegceej) Yeeieeroej Sce. veb.: 201825
For Brahmayya & Co. Chartered Accountants FRN: 000511S (K. Jitendra Kumar) Partner M No.201825
ke=les js SC[ js meveoer uesKeekeej SHeDeejSve: 301072 F& (S. Sve. esVesceeoer) Yeeieeroej Sce. veb.: 031004
For Ray & Ray Chartered Accountants FRN: 301072E (A. N. Yennemadi) Partner M. No. 031004
ke=les Sme kes. efceeue SC[ keb. meveoer uesKeekeej SHeDeejSve: 001135 Sve (ke=<Ce meHe) Yeeieeroej Sce. veb.: 010633
For S. K. Mittal & Co. Chartered Accountants FRN: 001135N (Krishan Sarup) Partner M. No. 010633
ke=les Sve.yeer.Sme. SC[ keb. meveoer uesKeekeej SHeDeejSve: 110100 [yuet (eoerHe pes Meser) Yeeieeroej Sce. veb.: 046940
For N. B. S. & Co. Chartered Accountants FRN: 110100W (Pradeep J. Shetty) Partner M No.046940
ke=les ue#ceerefveJeeme veerLe SC[ keb. meveoer uesKeekeej SHeDeejSve: 002460 Sme (oeeefveJeeme Mecee&) Yeeieeroej Sce. veb.: 216244
For Laxminiwas Neeth & Co. Chartered Accountants FRN: 002460S (Dayaniwas Sharma) Partner M No.216244
228
2011-12
efveosMeke ceC[ue yeQke Dee@]He ye[ewoe cegcyeF& efee cenesoe, efJe<ee : Je<e& 2011-12 kes efueS meer F& Dees / meer SHe Dees eceeCeerkejCe - mecesefkele yee@cyes me@ke SkemeeWpe efueefces[ leLee vesMeveue me@ke SkemeeWpe efueefces[ kes meeLe meteeryelee kejej keer Oeeje 41 SJeb Oeeje 49 keer Devegheeuevee mJehe nce Sleod eje eceeefCele kejles nQ efke ke. nceves Je<e& 2011-12 keer efJeeere efJeJejCeer leLee vekeoer eJeen efJeJejCeer (mecesefkele) keer meceer#ee keer nw leLee nceejer DeefOekelece peevekeejer SJeb efJeeeme kes Devegmeej :
i.
Fve efJeJejefCeeeW ceW keesF& efJe<eeiele DeeLeeLe& DeefYekeLeve veneR nw DeLeJee keesF& efJe<eeiele leLe efheeee veneR ieee nw DeLeJee FveceW keesF& Yeeceke DeefYekeLeve Meeefceue veneR efkeee ieee nw. Deveghe nQ.
ii. es DeefYekeLeve / efJeJejCe yeQke kes keee&keueeheeW kee mener SJeb mhe efkeesCe emlegle kejles nQ leLee es efJeeceeve uesKee ceevekeeW, ueeiet efveeceeW SJeb efJeefveeceeW kes
Ke. nceejer peevekeejer SJeb efJeeeme kes Devegmeej Je<e& kes oewjeve yeQke eje Ssmes keesF& mebJeJenej veneR efkeS ieS pees OeesKeeOe[er ceW efuehle nes, iewj keevetveer nes DeLeJee yeQke keer Deeeej mebefnlee kes efJe neW. ie. nce efJeeere efjheesefie mes mecye Deevleefjke efveev$eCeeW kee hetCe& oeefelJe mJeerkeej kejles nQ. nce en Yeer mJeerkeej kejles nQ efke nceves efJeeere efjheesefie keer Deevleefjke efveev$eCe eCeeueer keer eYeeJeMeeruelee kee cetueebkeve/Deekeueve efkeee nw leLee nceves uesKee hejer#ekeeW Deewj uesKee meefceefle kees Deevleefjke efveev$eCeeW kes heefjeeueve SJeb mJehe mes mecye keefceeeW, eefo keesF& nw DeLeJee pees nceejs DeefYe%eeve ceW nQ SJeb nceves FvnW otj kejves kes efueS pees Gheee efkeS nQ ee emleeefJele nw, keer peevekeejer os oer nw. Ie) nceves uesKee hejer#ekeeW leLee uesKee hejer#ee meefceefle kees efvec>efueefKele mes DeJeiele kejeee nw.
i.
Je<e& kes oewjeve efJeeere efjheesefie kes meboYe& ceW Deevleefjke efveev$eCe JeJemLee ceW cenlJehetCe& heefjJele&ve
ii. Je<e& kes oewjeve uesKee veerefleeeW ceW cenlJehetCe& heefjJele&ve leLee Fvekee GuuesKe efJeeere efJeJejefCeeeW kes veesdme ceW kej efoee ieee nw iii. nceejer peevekeejer ceW DeeS OeesKeeOe[er mecyebOeer efJeefMe ceeceues leLee GveceW eyevOeve DeLeJee efkemeer kece&eejer keer mebefuehlelee, efpemekeer Deevleefjke efveev$eCe eCeeueer
Jeer. kes. ieghlee ceneeyevOeke (keeheexjs Keeles SJeb kejeOeeve leLee meerSHeDees) efoveebke : 15 ceF& 2012 mLeeve : cegbyeF&
229
2011-12
Re : CEO/CFO Certification for the year 2011 - 12 - Consolidated Pursuant to Clause 41 and 49 of the Listing Agreements with Bombay Stock Exchange Limited and National Stock Exchange Limited, we hereby certify that: a. We have reviewed financial statements and the cash flow statement for the year 2011-12 (Consolidated) and that to the best of our knowledge and belief: i. ii. b. c. These statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading: These statements together present a true and fair view of the Banks affairs and are in compliance with existing accounting standards, applicable laws and regulations.
There are, to the best of our knowledge and belief, no transactions entered into by the Bank during the year which are fraudulent, illegal or violative of the Banks code of conduct. We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have evaluated the effectiveness of internal control systems of the Bank pertaining to financial reporting and we have disclosed to the auditors and the Audit Committee deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies. We have indicated to the Auditors and the Audit Committee. i. ii. iii. Significant changes in internal control over financial reporting during the year. Significant changes in accounting policies during the year and that the same have been disclosed in the notes to the financial statements and Instances of significant fraud of which we have become aware and the involvement therein, if any, of the management or an employee having a significant role in the Banks internal control system over financial reporting.
d.
V. K. Gupta General Manager (Corporate Accounts & Taxation and CFO) Date : 15th May 2012 Place : Mumbai
230
Heece& yeer
(MesejOeejke eje Yeje SJeb nmlee#ej efkeee peeS) 16JeeR Jeeef<e&ke meeceeve yew"ke iegJeej, 28 petve, 2012
Hee@kemeer - Heece&
[erHeer DeeF&[er e.* ieenke DeeF&[er e.* (Fueske^esefveke he ceW Mesej jKeves Jeeues meomeeW kes efueS ueeiet) efveJeemeer efpeuee yeQke Dee]@He ye[ewoe kee/kes MesejOeejke nesves kes veeles Sleodeje efpeuee kees DeLeJee Gvekeer DevegHeefmLeefle ceW eer/eerceleer efpeuee
jepe kees 28 petve, 2012 kees heele: 10.30 yepes mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej mesJee meove, yeQke Dee@]He ye[ewoe Meleeyoer Je<e& (2007-2008) er.heer.-1, SHe.heer.549/1, peerF&yeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, Dekeese, Je[esoje 390 020 ceW ee Fmekeer mLeefiele leejerKe kees yeQke Dee@]He ye[ewoe kes MesejOeejkeeW keer nesves Jeeueer 16JeeR Jeee|<eke meeceeve yew"ke ceW cesjer /nceejer Deesj mes yew"ke ceW Yeeie uesves Deewj Jees osves kes efueS hee@kemeer efveege kejlee/kejleer ntb/kejles nQ. ke=heee jepemJe leejerKe ceen 2012 kees nmlee#eefjle efke eneb ueieeeW ee@kemeer kes nmlee#ej veece (mhe De#ejeW ceW) : helee : eLece MesejOeejke / Skeue MesejOeejke kes nmlee#ej
Hee@kemeer Heece& Hej nmlee#ej kejves SJeb Hemlegle kejves mebyebOeer DevegosMe 1. Hee@kemeer keer keesF& efueKele leye leke JewOe veneR ceeveer peeSieer peye leke efke : (ke) en Jeweefkeleke MesejOeejke kes ceeceues ceW, MesejOeejke eje ee Gmekes eje efJeefOeJele efueefKele He ceW HeeefOeke=le Gmekes Deveea eje nmlee#eefjle ve nes. (Ke) mebegkele OeejkeeW kes ceeceues ceW, en jefpemj ceW ope& HeLece MesejOeejke eje ee Gmekes eje efJeefOeJeled efueefKele He ceW HeeefOeke=le Gmekes Deveea eje nmlee#eefjle ve nes. (ie) efvekeee keeHeexjs kes ceeceues ceW, efJeefOeJele efueefKele He ceW HeeefOeke=le Fmekes DeefOekeejer DeLeJee Deveea eje nmlee#eefjle ve nes. yeMelex efke Hee@kemeer efueKele efkemeer MesejOeejke eje mecegefele He mes nmlee#eefjle nesvee eeefnS efkebleg eefo efkemeer keejCeJeMe MesejOeejke DeHevee veece efueKeves ceW DemeceLe& nQ Deewj Gmekes Debiet"s kee efveMeeve Jeneb ueiee nw, lees en veeeeOeerMe, cewefpem^s, jefpem^ej ee GHejefpem^ej Dee@He SMeesjsvmesme ee efkemeer Deve mejkeejer jepeHeef$ele DeefOekeejer ee yeQke Dee@]He ye[ewoe kes efkemeer DeefOekeejer eje mee#eebefkele nesvee eeefnS. 2. keesF& Yeer hee@kemeer leye leke JewOe veneR nesieer peye leke efJeefOeJele mebefHele ve nes Deewj Fmes yeQke kes heOeeve keeee&uee ceW yew"ke keer leejerKe mes kece mes kece eej efove henues DeLee&le MeefveJeej 23 petve, 2012 kees oeshenj 2.00 yepes leke yeQke Dee@]He ye[ewoe, kesJeeF&meer SJeb SSceSue efJeYeeie, heOeeve keeee&uee, Dee"Jeeb leue, metjpe hueepee I , meeepeeriebpe, Je[esoje-390 005 ceW yeQke keer keee& meceeeqhle hej ee Fmemes hetJe& pecee ve kejeee ieee nes. Fmekes meeLe Gme cegKleejveecee ee Deve heeefOekeej (eefo keesF& nes) efpemekes lenle Fmes nmlee#eefjle efkeee ieee nes ee Gme cegKleejveecee keer heefle ee heeefOekeej keer heefle efpemes veesjer heeqyueke ee cewefpem^s eje mele heceeefCele efkeee ieee nes, kees pecee ve kejeee ieee nes, yeMelex efke Ssmee cegKleejveecee ee Deve heeefOekeej, yeQke ceW henues pecee Deewj hebpeerke=le ve efkeee ieee nes.. 3. hee@kemeer kee keesF& Yeer efueKele leye leke efJeefOeceeve veneR nesiee, peye leke Jen Heece& yeer ceW ve nes. 4. yeQke kes heeme pecee keer ieF& hee@kemeer keer efueKele DeheefjJele&veere Deewj Debeflece nesieer.. 5. efJekeuhe kes leewj hej oes mJeerke=le JeefeeeW kes he#e ceW oer ieF& hee@kemeer efueKele kes ceeceues ceW Ske mes DeefOeke Heece& efve<heeefole veneR efkeee peeSiee. 6. hee@kemeer keer efueKele kees efve<heeefole kejves Jeeuee Devegoelee (ieejbj) mebyebefOele yew"ke ceW Jeefeiele he ceW celeoeve kee nkeoej veneR nesiee. 7. efkemeer Yeer Ssmes Jeefe kees eLeeefJeefOe heeefOeke=le heefleefveefOe DeLeJee hee@kemeer efveege veneR efkeee peeSiee pees yeQke Dee@]He ye[ewoe kee DeefOekeejer DeLeJee kece&eejer nes. 8. hee@kemeer Heece& ceW efkeS ieS meYeer heefjJele&ve eLeeefJeefOe heYeeefjle nesves eeefnS
PROXY FORM
Regd.Folio No. I / We
in the state of as my/our proxy to vote for me/us and on my/our behalf at the 16th ANNUAL GENERAL MEETING of the Shareholders of BANK OF BARODA to be held on the Thursday, 28th June 2012, at 10.30 a.m. at Sir Sayajirao Nagargriha, Vadodara Mahanagar Seva Sadan, Bank of Baroda Centenary Year (2007-2008), T.P. - 1, F.P. 549/1, Near GEB Colony, Old Padra Road, Akota, Vadodara 390020 and at any adjournment thereof. Signed this Signature of Proxy Name
(In Block Letters)
day of
INSTRUCTIONS FOR SIGNING AND LODGING THE PROXY FORM 1. No instrument of proxy shall be valid unless: a. In the case of an individual shareholder, it is signed by him/her or by his/her attorney, duly authorized in writing or b. In the case of joint holders, it is signed by the shareholder first named in the register or his/her attorney, duly authorized in writing or c. In the case of the body corporate, signed by its officer or an attorney duly authorized in writing. Provided that an instrument of Proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his/her name, if his/her mark / thumb impression is affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurance or other Government gazetted officer or an officer of Bank of Baroda. 2. No proxy shall be valid unless it is duly stamped and is deposited at the Head Office of the Bank at Bank of Baroda, KYC & AML Department, 08th Floor, Suraj Plaza I, Sayajiganj, Vadodara 390 005, not less than 4- days before the date fixed for the meeting i.e. on or before the closing hours of the Bank at 2.00 p.m. on Saturday, 23rd June 2012, together with the power of attorney or other authority (if any) under which it is signed or a copy of that power of attorney or other authority certified as true copy by a Notary Public or a Magistrate unless such a power of attorney or the other authority is previously deposited and registered with the Bank. 3. No instrument of proxy shall be valid unless it is in Form B. 4. An instrument of proxy deposited with the Bank shall be irrevocable and final. 5. In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed. 6. The grantor of an instrument of proxy shall not be entitled to vote in person at the meeting to which such instrument relates. 7. No person shall be appointed as duly authorized representative or a proxy who is an officer or an employee of Bank of Baroda. 8. All alterations in the Proxy Form should be duly authenticated.
DP.ID No*. Client ID No.* _____________________ (* Applicable for members holding shares in electronic form)
GHeefmLeefle Heeea
16JeeR Jeeef<e&ke meeceeve yew"ke
efoveebke mLeeve iegJeej, 28 petve, 2012 mej meeepeerjeJe veiejie=n, Je[esoje ceneveiej mesJee meove, yeQke Dee@]he ye[ewoe Meleeyoer Je<e& (2007-2008), erheer 1, Sheheer 549/1, peerF&yeer kee@ueesveer kes heeme, Deesu[ heeoje jes[, Dekeese-Je[esoje - 390 020
hetje veece (mhe De#ejeW ceW) MesejeW keer mebKee Heesefueees meb.
(Yeewefleke he ceW nesefu[bie nsleg)
GHeefmLele MesejOeejke/ Hee@kemeer / HeefleefveefOe kes nmlee#ej efhheCeer : 1. yew"ke ceW Yeeie uesves kes Fgke meome/hee@kemeer Oeejke yew"ke ceW GheeqmLeefle heeea DeJeMe meeLe ueeS leLee Fmes efJeefOeJele he ceW Yejkej SJeb nmlee#ej kej heJesMe ej hej meeQhe oW. 2. yew"ke ceW Yeeie uesves kes Fgke meome / hee@kemeerOeejke yew"ke ceW meboYe& Deeefo kes efueS Jeee|<eke efjhees& keer Deheveer heefle meeLe ueskej DeeSb. (yew"ke keer mecemle keee&Jeener kes oewjeve DeHeves Heeme jKeW) Heesefueees meb.
(Yeewefleke he ceW MesejOeejkeeW kes efueS)
HeJesMe He$e
hetje veece (mhe De#ejeW ceW) MesejeW keer mebKee efhheCeer : 1. MesejOeejkeeW/Hee@kemeer DeLeJee MesejOeejkeeW kes HeefleefveefOe mes DevegjesOe nw efke Jes yew"ke mLeue hej HeJesMe HeeHle kejves kes efueS yeQke/DeejerS ceW Hebpeerke=le vecetvee nmlee#ej kes Deveghe eLeeefJeefOe nmlee#eefjle Gkele GHeefmLeefle Heeea Deewj HeJesMeHe$e Ske meeLe Hemlegle kejW. 2. heJesMe, meleeheve /peebe, pewmee DeeJeMeke mecePee peeSiee, kes DeOeerve nesiee. 3. efkemeer Yeer HeefjefmLeefle ceW, yew"ke kes HeJesMeej Hej keesF& [gHueerkes GHeefmLeefle Heeea peejer veneR keer peeSieer.
ATTENDANCE SLIP
16th Annual General Meeting
Date Place Thursday, 28th June 2012 Sir Sayajirao Nagargriha, Vadodara Mahanagar Seva Sadan, Bank of Baroda Centenary Year (2007-2008) T.P.-1,F.P. 549/1, Near GEB Colony, Old Padra Road, Akota, Vadodara 390 020
Full Name (In Bock Letters) No of Shares Folio No. (for holding in physical form) DP ID / Client ID No.
(for holding in electronic form)
Signature of the Shareholder / Proxy / Representative present Notes: 1. 2. Member / proxy holder wishing to attend the meeting must bring the attendance slip to the meeting and hand it over at the entrance duly filled-in and signed. Member / proxy holder wishing to attend the meeting should bring his/her copy of the Annual Report for reference at the meeting.
ENTRY PASS
(To be retained throughout the meeting)
Folio No. (for holding in physical form) DP ID / Client ID No. (for holding in electronic form) Full Name (In Bock Letters)
Notes: 1. 2. 3.
Shareholders / proxy or representative of shareholders are requested to produce the above attendance slip, duly filled in and signed in accordance with their specimen signatures registered with the Bank/RTA, along with the entry pass, for admission to the venue. The admission will, however, be subject to verification / checks, as may be deemed necessary. Under no circumstances, any duplicate attendance slip will be issued at the entrance to the meeting.
No. of Shares
Fueske^e@efveke meceeMeesOeve mesJee (pecee meceeMeesOeve) FefkeJeer MesejeW hej ueeYeebMe kes Yegieleeve kes efueS F&meerSme DeefOeosMe 1. 2. eLece MesejOeejke kee veece (mhe De#ejeW ceW) helee : MesejOeejke keer Heesefueees mebKee (Yeewefleke he ces MesejOeejkeeW kes efueS) [er. heer. DeeF&[er / eenke DeeF&[er mebKee (Fueske^e@efveke MesejOeejkeeW kes efueS) 4. yeQke Keeles kee efJeJejCe ke. Ke. ie. Ie. [. e. 5. yeQke kee veece MeeKee kee veece SJeb Menj kee efheve kees[ Keelee mebKee (pewmee efke eske yegke ceW efoee ieee nw) Keelee hekeej (ke=heee efke kejW) (yeele yeQke Keelee/eeuet Keelee ee vekeo-GOeej Keelee) yeQke Keeles keer uespej Heesefueees mebKee (eefo eske yegke hej Debefkele efkeee pee jne nes) yeQke eje peejer ceeFkej eske ceW cegefle yeQke Deewj MeeKee keer 9 Debkeere kees[ meb. : : : : : : : : : : : : yeele yeQke eeuet vekeo GOeej
3.
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BANK OF BARODA
Electronic Clearing Service (Credit Clearing) ECS Mandate for Payment of Dividend on Equity Shares
1. 2.
3. 4.
Shareholders Folio number (for holding in physical form) D. P. ID / Client ID number (for holding in electronic form) : Particulars of Bank Account A. B. C. D. E. F. Bank Name Branch Name & City Pin Code Account No. (as appearing on the cheque book) Account Type (please Tick) : (SB Account / Current A/c. or Cash Credit A/c) Ledger Folio number of Bank Account (if appearing on the cheque book) 9 Digit Code No. of the Bank & Branch appearing on the MICR Cheque issued by the Bank : : : SB Current Cash Credit : : :
5.
Please attach a self-attested photocopy of your PANCARD as Proof of Identity alongwith a photocopy of a Cheque leaf / blank cancelled cheque issued by your Bank relating to your above account for verifying the accuracy of the Code numbers. DECLARATION
I, hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete information, I would not hold Bank of Baroda responsible.
Place:
Note: 1. 2. if the shares are held in electronic mode: Please complete the form, sign and submit alongwith the required documents to your Depository Participant for necessary updation. if the shares are held in physical mode: Please complete the form, sign and mail alongwith the required documents at the address of Registrar and Transfer Agent (RTA), i.e. M/s Karvy Computershare Pvt. Ltd, Plot No. 17-24, Vithalrao Nagar, Madhapur, Hyderabad - 500 081 OR at Bank of Baroda, Investors Services Dept. 1st Floor, Baroda Corporate Centre, C-26, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051.
Date:
efhheCeer / nOtES
efhheCeer / nOtES
2011-12
Sve [er er Jeer eesefHe ueer[jMeerhe DeJee[& - meeJe&peefveke #es$e kee es yeQke
NDTV Profit Leadership Award for Best Public Sector Bank
ScemeerSkeme SJeb erJeer18 eje es meeJe&peefveke #es$e kes yeQke kes efueS Yeejle kee es yeQke SJeb efJeeere mebmLeeve DeJee[&
India Best Banks and Financial Institutions Awards' by MCX and CNBC TV18 for Best Public Sector Bank
efJeeere mesJeeSb - yeQke kes efueS keWere heerSmeet kes lenle meeJe&peefveke #es$e ceW Glke=lee - owefveke Yee<kej Fbef[ee eeF[ DeJee[&
Dainik Bhaskar India Pride Award for excellence in public sector under the Central PSU for Financial Services - Banks
SHe Deee yeer S meer yeQefkebie DeJee[& - yesm FveerefMeSefJe Fve FbkeuetefmeJe yeQefkebie
FIBAC Banking Award for Best initiative in Inclusive Banking
www.bankofbaroda.com
efJeeere Je<e& 2010-11 kes efueS Yeejle mejkeej kees ueeYeebMe kee Yegieleeve
Payment of Dividend to Govt. of India for Financial Year 2010-11