Account Project Orginal

7/27/2019 Account Project Orginal

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FINAL ACCOUNTS OF BANKING COMPANY

1

HISTORY:

The Bank was incorporated in 1931 as Travancore Federal Bank Limited to cater

to the banking needs of Travancore Province by a small group of local citizens. It

embarked on a phase of sustained growth under the leadership of K.P. Hormist.

The bank along with six other banks co-promoted Bharat Overseas Bank Ltd.

1949 - The Board of Directors of the Bank was reconstituted and fresh Articles of

Association were adopted and the Bank was renamed as The Federal Bank

Limited.

1993 - During March, the bank issued 25,25,000 No. of equity shares of Rs 10

each at a premium of Rs 25 per share in proportion 1:2. Another 5,25,000 No. of

equity shares were offered to the employees on an equity basis. Only 30,47,894

shares of the above taken up (2,106 shares kept in abeyance). Another 30,00,000

No. of equity shares were allotted at a prem. of Rs 30 per share to ICICI associates

companies.

1994 - During March, the company offered to the public 35,45,500 shares at a

prem. of Rs 80 per share. Additional 1,72,600 shares were allotted to retain

oversubscription. During January 1996, the bank issued 74,08,122 rights equity

shares (prem. Rs 140; prop. 1:2) 73,51,734 shares taken up.

1995 - 50,50,000 No. of equity shares were issued and paid-up of which 3,318 No.

of equity shares were issued for consideration other than cash on 27.1.1965 to

shareholders of erstwhile St. George Union Bank Ltd., Puthenpully, Kerala.


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2

1996 - The Company undertook as 3 year Information Technology Strategic Plan

2000 for automating its branches in a phased programme.

2000 - Federal Bank is to foray into internet banking and E-commerce in the

month April. The Bank will be he first among the old private sector banks in the

country to diversify into internet banking. The Bank has entered into marketing

pacts with some commercial agencies for its E-commerce business.

2001 - The Aluva-based Federal Bank has tied up with Escotel Communications to

launch mobile banking services using SMS technology.Federal Bank has launched

a new deposit scheme christened as `Suraksha' for senior citizens.

2005-JRG Securities Ltd has forged alliance with Federal Bank Ltd for providing

loans for subscribing to initial public offers (IPOs). FedBank gets award for best

use of IT.Federal Bank keen on merger with southern entity

2006-Federal Bank to acquire Ganesh Bank. Federal Bank rolls out savings deposit

schemes.Federal Bank gets banking tech awards. Federal Bank bags YMCA

award. IDBI Bank, Fortis join Federal Bank for risk JV

2010- Federal Bank unveiled FedSelect, a premium product for their high networth

individual (HNI) customers. Shyam Srinivasan has taken charge as the ManagingDirector & CEO of Federal Bank with effect from September 23.

Federal Bank Ltd has appointed Shri. Shyam Srinivasan as Managing Director &

Chief Executive Officer of the Bank


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3

VISION:

Become the dominant bank in Kerala and a leading player in target markets. Be the

trusted partner of choice for target (SME, Retail, NRI) customers. Be a customer-

centric organization setting the benchmarks for service.

Offer innovative yet simple products supported by the state-of-the art technology.

Have a dynamic and energized workforce with a strong sense of belonging.

Deliver top tier financial performance and superior value to stakeholders.

Be a role model for corporate governance and social responsibility.

MISSION:

Devote balanced attention to the interests and expectations of stakeholders,

and in particular:

Shareholders: Achieve a consistent annual post-tax return of at least 20% on net

worth.

Employees: Develop in every employee a high degree of pride and loyalty in

serving the Bank.

Customers: Meet and even exceed expectations of target customers by delivering

appropriate products and services, employing, as far as feasible, the single-window

and 24-hour-seven-day-week concepts, leveraging strengthened branch

infrastructure, ATMs, and other alternative distribution channels, cross-selling a

range of products and services to meet customer needs varying over time, andensuring the highest standards of service at all times


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4

MANAGEMENT

Name Designation

Abraham Chacko Executive Director

Abraham Koshy Director

Ashutosh Khajuria President - Treasury

C P Mohandas General Manager

Girish Kumar Ganapathy Company Secretary & Compliance Officer

Girish Kumar Ganapathy SecretaryJolly Antony General Manager

K Krishnakumar Asst. General Manager

K S Mohan General Manager

M Y Khan Director

Nilesh Shivji Vikamsey Director

P C Cyriac Chairman / Chair Person

P C John Executive Director & CFO

Shyam Srinivasan CEO

Shyam Srinivasan Managing Director & CEO

Suresh Kumar Director

T C Nair Director

T Ommen Benjamin General Manager

T S Jagadeesan Chief General Manager


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5

AWARDS AND RECOGNITION

The Bank has also won awards in 2 categories from the Kerala Management

Association in 2011 - Innovative Cost Management Measures and Excellence in

House Magazine.

The Bank has won the Blue Dart World CSR Day - Global CSR Award for Best

Corporate Social Responsibility Practice Overall.

The Bank was ranked as the Best Bank among old private sector banks in 2010, byFinancial Express.

The bank was ranked 497th bank in the world by "The Banker", the Internatinal

Financial Affairs publication edited from London, in their July 2011 edition.

The Golden Peacock Award, a prestigious award instituted by The Golden Peacock

Awards Secretariat (GPAS), on the CSR front was awarded to us in this fiscal

year.


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6

PRODUCTS AND SERVICES

Savings Bank

Current Accounts Deposits Loans Safe Deposit Lockers Debit-Cards GiftCard Travel Card - Cash Passport Funds Transfer Demat Accounts Online Healthcare Portal Federal Pure Gold Mutual Fund Payment Gateway Mobile Banking- FedMobile Internet Banking-FedNet Insurance Products
http://www.federalbank.co.in/General_HomePages_ProductsandServices.aspxhttp://www.federalbank.co.in/Personal_SavingsBank_SavingsBank.aspxhttp://www.federalbank.co.in/SME-Business_ProductandServices_CurrentAccounts.aspxhttp://www.federalbank.co.in/Personal_Deposit_Deposits.aspxhttp://www.federalbank.co.in/General_ProductandServices_Loans.aspxhttp://www.federalbank.co.in/General_SafeDepositLockers_SafeDepositLockers.aspxhttp://www.federalbank.co.in/General_DebitCards_Debit-Cards.aspxhttp://www.federalbank.co.in/General_PrepaidCards_GiftCard.aspxhttp://www.federalbank.co.in/General_PrepaidCards_TravelCard-CashPassport.aspxhttp://www.federalbank.co.in/General_FundTransfer_FundsTransfer.aspxhttp://www.federalbank.co.in/Personal_DematAccounts_DematAccounts.aspxhttp://www.federalbank.co.in/General_ProductandServices_OnlineHealthcarePortal.aspxhttp://www.federalbank.co.in/Personal_GoldCoin_FederalPureGold.aspxhttp://www.federalbank.co.in/General_MutualFund_MutualFund.aspxhttp://www.federalbank.co.in/SME-Business_ProductandServices_PaymentGateway.aspxhttp://www.federalbank.co.in/General_Services_MobileBanking-FedMobile.aspxhttp://www.federalbank.co.in/General_InternetBanking_InternetBanking-FedNet.aspxhttp://www.federalbank.co.in/Personal_Insurance_InsuranceProducts.aspxhttp://www.federalbank.co.in/Personal_Insurance_InsuranceProducts.aspxhttp://www.federalbank.co.in/General_InternetBanking_InternetBanking-FedNet.aspxhttp://www.federalbank.co.in/General_Services_MobileBanking-FedMobile.aspxhttp://www.federalbank.co.in/SME-Business_ProductandServices_PaymentGateway.aspxhttp://www.federalbank.co.in/General_MutualFund_MutualFund.aspxhttp://www.federalbank.co.in/Personal_GoldCoin_FederalPureGold.aspxhttp://www.federalbank.co.in/General_ProductandServices_OnlineHealthcarePortal.aspxhttp://www.federalbank.co.in/Personal_DematAccounts_DematAccounts.aspxhttp://www.federalbank.co.in/General_FundTransfer_FundsTransfer.aspxhttp://www.federalbank.co.in/General_PrepaidCards_TravelCard-CashPassport.aspxhttp://www.federalbank.co.in/General_PrepaidCards_GiftCard.aspxhttp://www.federalbank.co.in/General_DebitCards_Debit-Cards.aspxhttp://www.federalbank.co.in/General_SafeDepositLockers_SafeDepositLockers.aspxhttp://www.federalbank.co.in/General_ProductandServices_Loans.aspxhttp://www.federalbank.co.in/Personal_Deposit_Deposits.aspxhttp://www.federalbank.co.in/SME-Business_ProductandServices_CurrentAccounts.aspxhttp://www.federalbank.co.in/Personal_SavingsBank_SavingsBank.aspxhttp://www.federalbank.co.in/General_HomePages_ProductsandServices.aspx


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7

BALANCE SHEET AS ON 31st

MARCH, 2012 -federal bank

PARTICULARS SCHEDULE

NO.

AS ON

31-03-2012

AS ON

31-03-2011

CAPITAL & LIABILITIES

CAPITAL 1 1,71,04,71 1,71,04,71

Reserves and Surplus 2 5535,27,98 4937,61,46

Deposits 3 48937,12,21 43014,78,06

Borrowings 4 4241,03,41 1888,36,26

Other Liabilities and Provisions 5 1742,28,90 1444,55,93

TOTAL 60626,77,21 51456,36,42

ASSETS

Cash and Balances with Reserve

Bank of India

6 2424,14,66 2935,05,31

Balances with Banks and Money at

Call and Short Notice

7 1108,40,48 813,25,04

Investments 8 17402,48,77 14537,67,50

Advances 9 37755,98,59 31953,23,37

Fixed Assets 10 326,13,92 289,81,68

Other Assets 11 1609,60,79 927,33,52

TOTAL 60626,77,21 51456,36,42

Contingent Liabilities 12 35849,40,40 22112,74,97

Bills for Collection 1189,31,40 912,52,04


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8

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED

31st

MARCH, 2012


NO.

AS ON

31-03-2012

AS ON

31-03-2011

1) INCOME

Interest Earned 13 5558,3924 4052,02,83

Other Income 14 532,34,32 516,81,41

TOTAL 6090,73,56 4568,84,24

2) EXPENDITURE

Interest Expended 15 3604,98,51 2305,44,96

Operating Expenses 16 979,27,31 836,13,91

Provisions and Contingencies 729,67,79 840,17,05

TOTAL 5313,93,61 3981,75,92

3) PROFIT / LOSS

Net Profit for the year 776,79,95 587,08,32

Profit / Loss () brought forward 25,77,66 23,13,93

TOTAL 802,57,61 610,22,25

4) APPROPRIATIONS

Statutory Reserves 194,20,00 146,80,00

Revenue Reserves 98,88,00 232,11,00

Capital reserves 5,40,17 0

General reserves 0 0

Special Reserves u/s

36(1) (viii) of Income Tax Act 1961

28,50,00 36,56,00

Proposed Final Dividend (inclusive of

Dividend

Distribution Tax of ` 37.11 Cr,

153,94,24 145,39,00

Provision for dividend 24,97,33 23,58,59

Balance carried over to balance sheet 296,67,87 25,77,66

Total 802,57,61 610,22,25

Earning per share 45.41 34.32


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9

SCHEDULES

SCHEDULE-1: CAPITAL

PARTICULAR AS ON

31-03-2012

AS ON

31-03-2011

AUTHORISED CAPITAL 300,00,00,000

Equity Shares of ` 10 each

200,00,00 200,00,00

1) ISSUED, SUBSCRIBED, CALLED & PAID

UP CAPITAL

Opening Balance 17,13,179 171,31,79

Additions during the year

Equity Shares of ` 10/- each issued during the

year. Total number of

Shares held by Central Government is

39,82,85,671

2) Perpetual Non-Cumulative Preference Share

(PNCPS)

0 0

TOTAL(1+2) 171,04,75 171,04,75

SCHEDULE-3: DEPOSITS

PARTICULARS AS ON 31-

03-2012

AS ON 31-

03-2011

A I Demand Deposits

From Banks 12,69,97 142,68,91

From Others 2533,20,98 2263,11,94

II Savings Bank Deposits 10929,94,57 9148,29,02

III Term Deposits


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10

From Banks 476,20,50 199,20,23

From Others 39485,06,19 31261,47,96

TOTAL A (I+II+III) 49837,12,21 43014,78,06

B Deposits of Branches in India 48937,12,21 43014,78,06

Deposits of Branches outside India nil Nil

TOTAL (A+B) 48937,12,21 43014,78,06

SCHEDULES-4: BORROWINGS

PARTICULARS AS ON

31-03-2012

AS ON

31-03-2011

I Borrowings in India 0 0

i) Reserve Bank of India 90,00,00 100,00,00

ii) Other Banks

iii) Other Institutions and Agencies 2516,17,33 1417,29,17

iv) Innovative Perpetual Debt Instruments (IPDI) 0 0

v) Hybrid debt capital instruments issued as bonds

/debentures

0 0

vi) Perpetual Cumulative Preference Shares (PCPS) 0 0

vii) Redeemable Cumulative Preference Shares

(RCPS)

0 0

viii) Subordinated Debt 306,00,00 306,00,00

ix) TOTAL 2912,17,33 1823,29,17

II Borrowings outside India 1328,86,08 65,07,09

TOTAL (I + II) 4241,03,41 1888,36,26


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SCHEDULES-5: OTHER LIABILITIES AND PROVISIONS


03-2012

AS ON 31-

03-2011

I Bills Payable 20,51,90 24,29,70

II Inter-Office Adjustments (Net) 163,68,47 182,36,54

III INTEREST ACCRUED 165,85,32 149,23,10

IV CONTINGENT PROVISION AGAINST

STANDARD ASSETS

64,19,00

V Others (including provisions) 1228,04,21 1088,66,59

TOTAL (I+II+III+IV+V) 1742,28,90 1444,55,93

SCHEDULE-6: CASH AND BALANCES WITH RBI


03-2012

AS ON 31-

03-2011

I Cash in hand (including foreign currency notes) 395,84,43 332,66,89

II Balances with Reserve Bank of India

In Current Account 2028,30,23 2602,38,42

In Other Accounts 0 0

TOTAL (I+II) 2424,14,66 2935,05,31


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SCHEDULE7: BALANCES WITH BANKS AND MONEY AT CALL AND

SHORT NOTICE

PARTICULARS AS ON 31-03-2012

AS ON 31-03-2011

I In India

i) Balances with Banks

Current Accounts 40,09,02 40,16,13

in other Deposit Accounts 423,18,00 273,67,20

ii) Money at Call and Short Notice

with banks 100,00,00 399,72,13

with other institutions 404,57,07 0

Total 967,84,09 713,55,46

II Outside India

i) in Current Accounts 13,37,64 32,80,33

ii) in other Deposit Accounts 127,18,75 66,89,25

iii) Money at Call and Short Notice 0 0

Total 140,56,39 99,69,58

TOTAL (I + II) 1108,40,48 813,25,04

SCHEDULE8: INVESTMENTS

Particulars As on 31-

03-2012

As on 31-

03-2011

I Investments in India (gross) 17453,85,45 14554,17,96

Less: provision for depreciation 51,36,68 16,50,46

Total 17402,48,77 14537,67,50

Government securities 11531,24,13 9964,52,93

Other approved securities 35,74

Shares 190,72,92 168,06,61


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Debentures and bonds 960,35,02 605,34,48

Subsidiaries and/or associates 395,92,00 217,00,00

Others 4324,24,70 3582,37,74

Total 17402,48,77 14537,67,50

II Investments outside India (gross) nil Nil

SCHEDULE 9- ADVANCES

PARTICULARS As on

31-03-2012

As on

31-03-2012

A) i) Bills Purchased and Discounted 1853,81,17 898,60,67

ii) Cash Credits, Overdrafts and

Loans Repayable on Demand

21683,22,98 17411,48,48

iii) Term Loans 14218,94,44 13643,14,22

TOTAL A(i to iii) 37755,98,59 31953,23,37

B) i) Secured by Tangible Assets

(includes advances against

Book Debts)

26278,13,89 23508,51,56

ii) Covered by Bank/Government

Guarantees

2864,11,38 1671,22,62

iii) Unsecured 8613,73,32 6773,49,19

TOTAL B(i to iii)

C) I) Advances in India

i) Priority Sector 12188,45,84 10585,79,92

ii) Public Sector 2817,58,47 1945,87,30

iii) Banks 4,46,36 4,50,44iv) Others 22745,47,92 19417,05,71

II) Advances Outside India Nil Nil

TOTAL C(i & ii) 37755,98,59 31953,23,37


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SCHEDULE 10- FIXED ASSETS

PARTICULARS As on 31-

03-2012

As on 31-

03-2012

I) Premises

At cost/revalued amount as

on 31st March of the

preceding year

219,27,17 218,54,14

Additions/adjustments

during the year

1,29,13 74,86

(Includes revalued amount)

Deductions/adjustments during

the year

1,83

Less: Depreciation/

Amortisation to date

56,88,70 50,78,90

II) Other Fixed Assets

(including Furniture & Fixtures)

At cost/valued amount as on

31st March of the precedingyear

383,85,29 337,61,75

Additions/adjustments during the

year

92,37,95 57,42,43

Less: Deductions/adjustments

during the year

8,58,65 11,18,89

Less : Depreciation to date 305,56,61 262,90,22

III) Assets given on Lease

(Acquired on winding up of a

subsidiary)


31st March of the preceding

year

3,10,13 3,10,13


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TOTAL (I to III) 326,13,92 289,81,68

SCHEDULE 11-OTHER ASSETS

PARTICULARS As on

31-03-2012

As on 31-

03-2011

I) Inter-Office Adjustments (Net) 399,50,24 280,41,36

II) Interest accrued 620,48,86 338,48,01

III) Tax paid in advance/tax deducted at source

(net of provisions)

2,69,18 2,62,69

IV) Stationery and Stamps 3,10,61 3,05,01

V) Non-banking assets acquired in satisfaction of

claims (Net of Depreciation)

1,50,00

VI) Others 83,81,90 301,26,45

TOTAL (I+II+III+IV+V+VI) 1609,60,79 927,33,45

SCHEDULE 12-CONTINGENT LIABILITIES

PARTICULARS As on

31-03-2012

As on 31-

03-2011

I) Claims against the bank not acknowledged as

debts

661,14,55 613,31,98

II) Liability for partly paid Investments/venture

fund 58,38,16

III) Liability on account of outstanding forward

exchange contracts

30431,60,64 16163,50,63

IV) Guarantee given on behalf of constituents


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-IN INDIA 3533,64,90 3739,03,73

-IN OUTSIDE INDIA

V) Acceptances, endorsements and other

obligations

1188,48,26 1568,27,47

VI) Other items for which bank is contingently

liable

34,52,05 34,61,16

- Estimated amount of contracts remaining to

be executed on capital accounts not provided

for

-Others


SCHEDULE 13-INTEREST EARNED

PARTICULARS As on

31-03-2012

As on 31-

03-2011

I Interest/Discount on Advances/Bills 4189,76,37 3168,80,24

II Income on investments 1315,73,76 868,03,04

III Interest on balances with Reserve Bank of

India and other inter bank funds

34,8836 10,59,78

IV Others 18,00,75 4,59,77

TOTAL (I+II+III+IV) 5558,39,24 4052,02,83


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SCHEDULE14: OTHER INCOME

PARTICULARS As on

31-03-2012

As on

31-03-2011

I) Commission, Exchange and Brokerage 251,56,90 250,22,42

II) Profit on sale of investments 82,07,06 45,75,89

Less: Loss on sale of investments 0 0

III) Profit on sale of land, buildings & other assets 33,16 32,69

Less: Loss on sale of land, buildings & other

assets

IV) Profit on Exchange Transactions 84,20,86 57,22,90

Loss on Exchange Transactions

V) Income earned by way of dividend 5,12,46 3,52,36

VI) Miscellaneous Income 109,03,88 159,75,15


SCHEDULE15: INTEREST EXPENDED

PARTICULARS As on

31-03-2012

As on

31-03-2011

I) Interest on Deposits 3331,28,00 2161,98,20

II) Interest on Reserve Bank of India/Inter Bank

borrowings

48,54,65 9,86,75

III) Others 225,15,86 133,60,01

Total(I+II+III) 3604,98,51 2305,44,96


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SCHEDULE16: OPERATING EXPENSES

PARTICULARS As on31-03-2012

As on31-03-2011

I) Payments to and provisions for employees 543,85,38 480,41,33

II) Rent, taxes and lighting 94,81,28 79,59,52

III) Printing and stationery 10,36,90 10,16,38

IV) Advertisement and publicity 16,05,10 18,12,37

V) Depreciation on bank's property 56,66,45 54,25,56

VI) Directors' fees, allowances and expenses 69,64 70,85

VII) Auditors' fees and expenses (including branch

auditors)

3,03,69 2,83,52

VIII) Law charges 4,96,44 5,36,41

IX) Postage, telegrams, telephones etc. 27,61,89 18,86,85

X) Repairs and maintenance 37,32,19 23,03,99

XI) Insurance 43,53,71 35,84,70

XII) Other expenditure 140,34,64 106,92,43

Total(I+II+III+IV+V+VI+VII+VIII+IX+X+XI+XI

I)

1979,27,31 836,13,01


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BANK OF BARODA

HISTORY

1908-1959

In 1908, Maharaja Sayajirao Gaekwad III Maratha of the Maratha Empire set up

the Bank of Baroda (BoB). Two years later, BoB established its first branch

in Ahmedabad. The bank grew domestically, until after World War II. Then in

1953 it crossed the Indian Ocean to serve the communities ofIndians in

Kenya and Indians in Ugandaby establishing a branch each

in Mombasaand Kampala. The next year it opened a second branch in Kenya,in Nairobi, and in 1956 it opened a branch in Dar-es-Salaam. Then in 1957 BoB

took a giant step abroad by establishing a branch in London. London was the

center of the British Commonwealth and the most important international banking

centre. 1959 saw BoB complete its first domestic acquisition when it took over

Hind Bank.

1970s

In 1972, BoB acquired Bank of Indias operations in Uganda. Two years later,

BoB opened a branch each in Dubai and Abu Dhabi.

Back in India, in 1975, BoB acquired the majority shareholding and management

control of Bareilly Corporation Bank (est. 1928) and Nainital Bank(est. in 1954),

both in Uttar Pradesh. Since then, Nainital Bank has expanded

to Uttarakhand state.
http://en.wikipedia.org/wiki/Maharaja_Sayajirao_Gaekwad_IIIhttp://en.wikipedia.org/wiki/Marathahttp://en.wikipedia.org/wiki/Maratha_Empirehttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Indians_in_Kenyahttp://en.wikipedia.org/wiki/Indians_in_Kenyahttp://en.wikipedia.org/wiki/Indians_in_Ugandahttp://en.wikipedia.org/wiki/Mombasahttp://en.wikipedia.org/wiki/Kampalahttp://en.wikipedia.org/wiki/Nairobihttp://en.wikipedia.org/wiki/Dar-es-Salaamhttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Dubaihttp://en.wikipedia.org/wiki/Abu_Dhabihttp://en.wikipedia.org/wiki/Nainital_Bankhttp://en.wikipedia.org/wiki/Uttar_Pradeshhttp://en.wikipedia.org/wiki/Uttarakhandhttp://en.wikipedia.org/wiki/Uttarakhandhttp://en.wikipedia.org/wiki/Uttar_Pradeshhttp://en.wikipedia.org/wiki/Nainital_Bankhttp://en.wikipedia.org/wiki/Abu_Dhabihttp://en.wikipedia.org/wiki/Dubaihttp://en.wikipedia.org/wiki/Bank_of_Indiahttp://en.wikipedia.org/wiki/Londonhttp://en.wikipedia.org/wiki/Dar-es-Salaamhttp://en.wikipedia.org/wiki/Nairobihttp://en.wikipedia.org/wiki/Kampalahttp://en.wikipedia.org/wiki/Mombasahttp://en.wikipedia.org/wiki/Indians_in_Ugandahttp://en.wikipedia.org/wiki/Indians_in_Kenyahttp://en.wikipedia.org/wiki/Indians_in_Kenyahttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Maratha_Empirehttp://en.wikipedia.org/wiki/Marathahttp://en.wikipedia.org/wiki/Maharaja_Sayajirao_Gaekwad_III


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20

2004: BoB acquired the failed Gujarat Local Area Bank, and returned

to Tanzaniaby establishing a subsidiary in Dar-es-Salaam. BoB also opened a

representative office each in Kuala Lumpur, Malaysia, and Guangdong, China.

2005: BoB built a Global Data Centre (DC) in Mumbai for running its centralizedbanking solution (CBS) and other applications in more than 1,900 branches across

India and 20 other counties where the bank operates. BoB also opened a

representative office in Thailand.

2008: BoB opened a branch in Guangzhou, China (02/08/2008) and in Kenton,

Harrow United Kingdom. BoB opened a joint venture life insurance company

with Andhra Bankand Legal and General (UK) called IndiaFirst Life Insurance

Company.

2010s

In 2010, Malaysia awarded a commercial banking license to a locally incorporated

bank to be jointly owned by Bank of Baroda, Indian Overseas Bankand Andhra

Bank. That same year, BoB also opened a branch in New Zealand.

In 2011, BoB opened an Electronic Banking Service Unit (EBSU) was opened at

Hamriya Free Zone, Sharjah (UAE). It also opened four new branches in existing

operations in Uganda, Kenya (2), and Guyana. BoB closed its representative office

in Malaysia in anticipation of the opening of its consortium bank there. BoB

received In Principle approval for the upgrading of its representative office in

Australia to a branch.The Malaysian consortium bank, India International Bank Malaysia (IIBM), finally

opened in Kuala Lumpur, which has a large population of Indians. BOB owns

40%, Andhra Bank owns 25%, and IOB the remaining 35% of the share capital.
http://en.wikipedia.org/wiki/Tanzaniahttp://en.wikipedia.org/wiki/Dar-es-Salaamhttp://en.wikipedia.org/wiki/Kuala_Lumpurhttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Guangdonghttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Guangzhouhttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Legal_and_Generalhttp://en.wikipedia.org/wiki/IndiaFirst_Life_Insurance_Companyhttp://en.wikipedia.org/wiki/IndiaFirst_Life_Insurance_Companyhttp://en.wikipedia.org/wiki/Indian_Overseas_Bankhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/New_Zealandhttp://en.wikipedia.org/wiki/New_Zealandhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Indian_Overseas_Bankhttp://en.wikipedia.org/wiki/IndiaFirst_Life_Insurance_Companyhttp://en.wikipedia.org/wiki/IndiaFirst_Life_Insurance_Companyhttp://en.wikipedia.org/wiki/Legal_and_Generalhttp://en.wikipedia.org/wiki/Andhra_Bankhttp://en.wikipedia.org/wiki/Chinahttp://en.wikipedia.org/wiki/Guangzhouhttp://en.wikipedia.org/wiki/Thailandhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/People%27s_Republic_of_Chinahttp://en.wikipedia.org/wiki/Guangdonghttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/Kuala_Lumpurhttp://en.wikipedia.org/wiki/Dar-es-Salaamhttp://en.wikipedia.org/wiki/Tanzania


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21

MISSION AND VISION

Mission

To be a top ranking National Bank of International Standards committed to

augmenting stake holders' value through concern, care and competence.

Vision

The Bank aspires to regain the leadership spot in the public sector banking,

deploying the most modern technology and pursuing global best practices for

affording world-class banking experience and best value to its customers. Towards

this, the Bank seeks to: Double its global business size (deposits + advances)

within the next 2-3years Acquire at least 2 million customers every year.


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22

MANAGEMENT

Name Designation

A K Gupta General Manager

Ajay Mathur Director

Alok Nigam Director

Animesh Chauhan General Manager

Arun Shrivastava General Manager

Arun Tiwari General Manager

B B Garg General Manager

B Elango Asst. General Manager - Corp. A/cs & Taxation

C D Kalkar General Manager

Cyril Patro General Manager

D K Garg General Manager

J D Parmar General Manager

J Ramesh General Manager

K K Shukla General Manager

K N Manvi General Manager

K P Kharat General Manager

K Venkata Rama Moorthy General Manager

M D Mallya CEO


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23

PRODUCT AND SERVICES OF BANK OF BARODA

Wholesale banking Deposit products Saving deposit Current deposit Fixed deposit Loan products Internet banking Demat account NRI service Atm/debit cards Mobile banking Rural banking Treasury services


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24

BALANCE SHEET AS ON 31st

MARCH, 2012 -BANK OF BARODA


NO.

AS ON

31-03-2012

AS ON

31-03-2011

CAPITAL & LIABILITIES

CAPITAL 1 412,38,46 329,80,73

Reserves and Surplus 2 27064,46,61 20650,72,58

Deposits 3 384871,10,59 305439,48,19

Borrowings 4 23573,05,12 22307,85,48

Other Liabilities and Provisions 5 11400,45,92 9606,30,56

TOTAL 447321,46,70 358397,17,54

ASSETS

Cash and Balances with Reserve

Bank of India

6 21651,45,96 19868,17,89

Balances with Banks and Money at

Call and Short Notice

7 42517,08,16 30065,88,89

Investments 8 83209,40,01 71396,59,21

Advances 9 287377,29,35 228676,36,09

Fixed Assets 10 2341,50,20 2299,71,83

Other Assets 11 10224,73,02 6090,43,63

TOTAL 447321,46,70 358397,17,54Contingent Liabilities 12 152502,81,31 127163,87,03

Bills for Collection 22766,99,37 18844,71,94


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PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED

31st MARCH, 2012


NO.

AS ON

31-03-2012

AS ON

31-03-2011

1) INCOME

Interest Earned 13 29673,72,42 21885,91,56

Other Income 14 3422,32,82 2809,18,60

TOTAL 33096,05,24 24695,10,16

2) EXPENDITURE

Interest Expended 15 19356,71,23 13083,65,77

Operating Expenses 16 5158,71,73 4629,83,49

Provisions and Contingencies 3573,66,66 2739,92,93

TOTAL 28089,09,62 20453,42,19

3) PROFIT / LOSS

Net Profit for the year 5006,95,62 4241,67,97

Available for appropriation

TOTAL 5006,95,62 4241,67,97

4) APPROPRIATIONS

Statutory Reserves 1251,73,91 1060,41,99

Statutory Reserves(foreign) 1,55,80 2,46,92

Capital reserves 22,39,86 20,99,56

General reserves 2453,86,08 2100,45,56

Special Reserves u/s

36(1) (viii) of Income Tax Act 1961

533,84,66 335,39,00

Proposed Final Dividend (inclusive of

Dividend

Distribution Tax of ` 37.11 Cr,

812,29,04 753,35,20

Investment reserve account (68,73,73) (31,40,26)

Total 5006,95,62 4241,67,97

Earnings per share 127.84 116.37


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SCHEDULES

SCHEDULE-1: CAPITAL

PARTICULAR AS ON

31-03-2012

AS ON 31-

03-2011AUTHORISED CAPITAL 300,00,00,000

Equity Shares of ` 10 each

3000,00,00 3000,00,00

1) ISSUED, SUBSCRIBED, CALLED & PAID

UP CAPITAL

Opening Balance 413,85,69 394,27,96

Additions during the year

Equity Shares of ` 10/- each issued during the

year. Total number of

Shares held by Central Government is

39,82,85,671

2) Perpetual Non-Cumulative Preference Share

(PNCPS)

0 0

Called up capital 411,12,34 391,54.61

Addforfeited share 1,26,12 1,26,12

TOTAL 412,38,46 392,80,73

SCHEDULE-2: RESERVES AND SURPLUS


03-2012

As on 31-

03-2012

I) Statutory reserveOpening balance 4612,17,42 3551,75,43

Additions during the year 1251,73,91 1060,41,99

II) Capital reserve

Opening balance 2021,30,70 2079,07,35


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Other adjustments 7,63,41 79,05

Deductions

Depreciation on revalued fixed assets

transferred to profit & loss account

(76,44,38) (79,55,26)

III) Share premium

Opening balance 4707,60,59 2273,88,56

Addition during the year 1625,11,20 2433,72,03

IV) Revenue and other reserves

a) Statutory reserve (foreign)

Opening balance 89,21,65 85,55,83

Addition during the year 1,55,80 2,46,92

Other adjustments 11,84,40 1,18,90

b) Special reserve u/s 36(1)(viii) of Income

Tax Act, 1961

Opening Balance 1025,39,00 690,00,00


c) Foreign Currency

Translation ReserveOpening Balance 49,35,70 (13,43,51)

Additions during the

year

647,22,44 62,79,21

d) Investment Reserve

Account

Opening Balance 68,73,73

Transferred from

Other Reserve

100,13,99

Transferred to P&L

Appropriation A/c.

(68,73,73) (31,40,26)

e) Other Reserves


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28

Opening Balance 8076,93,79 6074,01,84

Transferred to Investment Reserve Account (100,13,99)

Additions during the

year

2453,86,08 2100,45,56

Adjustments 3,70,38 2,60,38

TOTAL - IV (a, b, c, d & e) 12892,93,90 9309,63,87

TOTAL (I to IV) 27064,46,61 20650,72,58

SCHEDULE-3: DEPOSITS


03-2012

AS ON 31-

03-2011

A I Demand Deposits

From Banks 1124,43,94 875,98,04

From Others 27819,92,29 22258,68,51

II Savings Bank Deposits 74579,52,82 644454,03,09

III Term Deposits

From Banks 52907,06,49 41032,90,53

From Others 2228440,15,05 176817,88,02

TOTAL A (I+II+III) 384871,10,59 305439,48,19

B Deposits of Branches in India 280135,25,38 233323,30,01

Deposits of Branches outside India 104735,85,21 72116,18,18

TOTAL (A+B) 384871,10,59 305439,48,19


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29

SCHEDULES-4 : BORROWINGS

PARTICULARS AS ON

31-03-2012

AS ON

31-03-2011

I Borrowings in India 0 0

i) Reserve Bank of India 350,00,00

ii) Other Banks 168,00,19 114,48,74

iii) Other Institutions and Agencies 410,20,99 471,56,24

iv) Innovative Perpetual Debt Instruments (IPDI) 1911,70,00 1911,70,00

v) Hybrid debt capital instruments issued as bonds

/debentures

5000,00,00 5000,00,00

vi) Perpetual Cumulative Preference Shares (PCPS) 0 0

vii) Redeemable Cumulative Preference Shares

(RCPS)

0 0

viii) Subordinated Debt 2490,00,00 2490,00,00

ix) TOTAL 9979,91,18 10337,74,98

II Borrowings outside India 13593,13,94 11970,10,50

TOTAL (I + II) 23573,05,12 22307,85,48

SCHEDULES-5: OTHER LIABILITIES AND PROVISIONS


03-2012

AS ON 31-

03-2011

I Bills Payable 1366,84,43 1651,81,07

II Inter-Office Adjustments (Net)

III INTEREST ACCRUED 2805,96,51 2138,29,54

IV CONTINGENT PROVISION AGAINST

STANDARD ASSETS

1390,06,06 911,35,00

V Others (including provisions) 5837,58,92 4904,84,95

TOTAL (I+II+III+IV+V) 11400,45,92 9606,30,56


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30

SCHEDULE-6: CASH AND BALANCES WITH RBI


03-2012

AS ON 31-

03-2011

I Cash in hand (including foreign currency notes) 1200,78,63 1357,06,76

II Balances with Reserve Bank of India

In Current Account 20450,67,33 18511,11,13

In Other Accounts 0 0

TOTAL (I+II) 21651,45,96 19868,17,89

SCHEDULE7: BALANCES WITH BANKS AND MONEY AT CALL AND

SHORT NOTICE


03-2012

AS ON 31-

03-2011

I In India

i) Balances with Banks

Current Accounts 254,43,24 247,67,89

in other Deposit Accounts 3554,22,95 1519,88,03

ii) Money at Call and Short Notice

with banks 50,00,00

with other institutions

Total 3858,66,19 17,67,55,92

II Outside India

i) in Current Accounts 7773,20,19 4869,00,14

ii) in other Deposit Accounts 15668,49,67 11276,17,90

iii) Money at Call and Short Notice 15216,72,11 12153,14,93

Total 38658,41,97 28298,32,97

TOTAL (I + II) 42517,08,97 30065,88,89


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31

SCHEDULE8: INVESTMENTS

Particulars As on 31-

03-2012

As on 31-

03-2011

I Investments in India (gross) 4094,48,61 3739,46,94

Less: provision for depreciation 150,08,03 143,21,17

Total 3944,40,58 3596,25,77

Government securities 1059,64,08 916,44,02

Other approved securities

Shares

Debentures and bonds 2347,41,76 2277,27,36

Subsidiaries and/or associates 537,34,76 402,54,39

Others 4324,24,70 3582,37,74

Total 83209,40,01 71396,59,21

II Investments outside India (gross) nil Nil

SCHEDULE 9- ADVANCES

PARTICULARS As on

31-03-2012

As on

31-03-2012

A) i) Bills Purchased and Discounted 39117,90,23 29689,90,20

ii) Cash Credits, Overdrafts and

Loans Repayable on Demand

121401,49,70 97804,86,18

iii) Term Loans 126857,89,42 101181,59,71

TOTAL A(i to iii) 287377,29,35 228676,36,09

B) i) Secured by Tangible Assets

(includes advances against

Book Debts)

190080,43,40 145684,45,22

ii) Covered by Bank/Government

Guarantees

50360,86,29 33889,56,62

iii) Unsecured 46935,99,66 49102,34,25

TOTAL B(i to iii) 287377,29,35 228676,36,09


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32

C) I) Advances in India

i) Priority Sector 64909,93,48 54909,27,21

ii) Public Sector 23704,48,27 23053,89,13

iii) Banks 2095,10,85 520,78,73

iv) Others 111365,86,96 90923,91,42

II) Advances Outside India

i) Due from Banks 119,49,70

ii) Due from Others

a) Bills Purchased

& Discounted

33315,39,60 25851,45,42

b) Syndicated Loans 12068,97,80 9529,92,14

c) Others 39917,52,39 23767,62,34

TOTAL C(i & ii) 287377,29,35 228676,36,09

SCHEDULE 10- FIXED ASSETS


03-2012

As on 31-

03-2012

I) Premises

At cost/revalued amount as

on 31st March of the

preceding year

2488,44,27 2442,16,11

Additions/adjustments

during the year

96,96,40 48,22,01

(Includes revalued amount) 2585,40,67 2490,38,12

Deductions/adjustments duringthe year

1,26,78 1,93,85

Less: Depreciation/

Amortisation to date

813,03,56 712,12,97

II) Other Fixed Assets 2059,71,72 1810,48,05


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(including Furniture & Fixtures)



year

Additions/adjustments during the

year

337,57,40 310,09,44

Less: Deductions/adjustments

during the year

59,84,30 60,85,77


III) Assets given on Lease

(Acquired on winding up of a

subsidiary)



year

13,95,89

Less : Depreciation to date 13,95,89

TOTAL (I to III) 2341,50,20 2299,71,83

SCHEDULE 11-OTHER ASSETSPARTICULARS As on

31-03-2012

As on 31-

03-2011

I) Inter-Office Adjustments (Net) 354,64,99 274,24,46

II) Interest accrued 3515,91,88 2433,59,22

III) Tax paid in advance/tax deducted at source

(net of provisions)

1993,11,31 1316,28,35

IV) Stationery and Stamps 7,07,33 7,08,28

V) Non-banking assets acquired in satisfaction of

claims (Net of Depreciation)

VI) Others 4353,97,51 2059,23,32



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34

SCHEDULE 12-CONTINGENT LIABILITIES

PARTICULARS As on

31-03-2012

As on 31-

03-2011

I) Claims against the bank not acknowledged as

debts

64,73,47 232,56,06

II) Liability for partly paid Investments/venture

fund 58,38,16

28,00 28,00

III) Liability on account of outstanding forward

exchange contracts

93031,85,80 78432,99,31

IV) Guarantee given on behalf of constituents

-IN INDIA 13765,92,57 11780,04,65

-IN OUTSIDE INDIA 9979,65,84 7678,15,84

V) Acceptances, endorsements and other

obligations

17950,28,63 14890,95,28

VI) Other items for which bank is contingently

liable

17710,07,00 14148,87,89

- Estimated amount of contracts remaining to

be executed on capital accounts not provided

for

-Others



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35

SCHEDULE 13-INTEREST EARNED

PARTICULARS As on

31-03-2012

As on 31-

03-2011

I Interest/Discount on Advances/Bills 22369,40,96 16183,76,26

II Income on investments 6184,72,95 4774,78,27

III Interest on balances with Reserve Bank of

India and other inter bank funds

837,43,27 494,49,37

IV Others 282,15,24 432,87,66

TOTAL (I+II+III+IV) 29673,72,42 21885,91,56

SCHEDULE14: OTHER INCOME

PARTICULARS As on

31-03-2012

As on

31-03-2011

I) Commission, Exchange and Brokerage 1226,08,44 1020,63,83

II) Profit on sale of investments 643,15,79 472,95,89

Less: Loss on sale of investments 36,48,69 29,25,53

III) Profit on sale of land, buildings & other assets 2,57,17 1,37,25

Less: Loss on sale of land, buildings & other

assets

1,76,03 1,54,68

IV) Profit on Exchange Transactions 690,77,15 515,14,49

Loss on Exchange Transactions 4,66,14 37,46

V) Income earned by way of dividend 25,57,86 28,46,80

VI) Miscellaneous Income 877,07,27 801,78,01



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36

SCHEDULE15: INTEREST EXPENDED

PARTICULARS As on

31-03-2012

As on

31-03-2011

I) Interest on Deposits 17770,71,70 11862,60,66

II) Interest on Reserve Bank of India/Inter Bank

borrowings

631,14,76 345,34,80

III) Others 954,84,77 875,70,31

Total(I+II+III) 19356,71,23 13083,65,77

SCHEDULE16: OPERATING EXPENSES

PARTICULARS As on

31-03-2012

As on

31-03-2011

I) Payments to and provisions for employees 2985,57,91 2916,78,26

II) Rent, taxes and lighting 415,73,56 357,10,18

III) Printing and stationery 38,80,56 32,46,90

IV) Advertisement and publicity 58,15,34 57,51,10

V) Depreciation on bank's property 276,56,52 243,04,10

VI) Directors' fees, allowances and expenses 1,17,59 85,91

VII) Auditors' fees and expenses (including branch

auditors)

39,64,82 38,85,46

VIII) Law charges 22,12,49 18,87,90

IX) Postage, telegrams, telephones etc. 99,32,85 88,08,74

X) Repairs and maintenance 168,90,38 110,44,95

XI) Insurance 277,20,30 229,68,16

XII) Other expenditure 775,49,41 536,11,83

Total(I+II+III+IV+V+VI+VII+VIII+IX+X+XI+XII

)

5158,71,73 4629,83,49


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37

INTEREST RATES

FEDERAL BANK

Interest rates for Resident Term Deposits effective from 19-

September-2012

Period Less than Rs.15 Lakhs

Rs.15 Lakhs to less

than Rs.100 Lakhs

7 days to 14 days 5.00% 5.00%

15 days to 29 days 5.00% 5.00%

30 days to 45 days 5.00% 5.00%

46 days to 90 days 7.00% 7.00%

91days to 180 days 7.00% 7.00%

181 days to less than 1 year 8.50% 8.50%

1 year only 9.00% 9.00%

Above 1 year 8.75% 8.75%

INTEREST RATES FOR NRE FIXED DEPOSITS EFFECTIVE

FROM 19-SEPTEMBER-2012

Period Less than Rs. 1 Crore

1 year only 9.00%

Above 1 year 8.75%


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38

BANK OF BARODA

Interest Rates on Deposits (Domestic & NRI) (Per Annum)

(Fresh & Renewal)

Maturity Range Below Rs 15 Lacs Rs 15 Lacs to less

than Rs 1 Cr.

7 days to 14 days 4.50% 4.50%

15 days to 45 days 4.50% 4.50%

46 days to 90 days 6.25% 6.50%

91 days to 180 days 7.00% 7.25%

181 days to 270 days 7.50% 7.50%

271 days & above and

less than 1 year

7.75% 7.75%

1 year and above up to 3

years

9.00% 9.00%

NRE TERM (RUPEE) DEPOSITS (w.e.f 13.08.2012)

Maturity

Period

Rate of Interest

Up to Rs.15 Lac Rs.15 Lac to less than Rs. 1 crore

1 year & above up

to 3 years

9.00% 9.00%

Above 3 year up to

10 years

9.00% 9.00%


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39

COMPARISON BETWEEN FEDERAL BANK AND BANK

OF BARODA

INTEREST RATE ANALYSIS.

The interest rate provided by federal bank is 5% and bank of Baroda is 5% .so

customer will like to deposit in federal bank as it provides more interest rate. But

interest rate on loan provided by Federal bank is 15.45 and Bank of Baroda is

14.75.so customer likely to take loan from Bank of Baroda as it charges less

interest rate as compared to federal bank.

ASSETS

Assets are bought to increase the value of a firm or benefit the firm's operations.

Assets are something that can generate cash flow. Total asset of Bank of Baroda is

447321,46,70 and of federal bank is 60626,77,21.here we can see that federal

bank asset is much higher than bank of Baroda. So we can say that federal banks

performance much better than bank of Baroda

LIABILITY

A liability is defined as an obligation of the bank which is to be payable. Total

Liability of federal bank is 60626,77,21 and Bank of Barodas is 44732146,70.

Mainly people dont prefer to keep their deposit in the bank which has more

liability. Bank of Baroda has more liability as compared to federal bank. It means

Bank of Barodas financial position is not so good.


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40

DIVIDEND RATE

Boards of directors of federal bank are recommended with a dividend of Rs 9 per

share. Boards of directors of Bank of Baroda are recommended to provide a

dividend of Rs 10 per share. Investor may prefer Bank of Baroda because they are

providing more dividends compared to federal bank.

NET PROFIT

Net profit is referred to as net income to measure of the profitability of a bank.Net profit of Federal bank is Rs 802,57,61 and Bank of Baroda is Rs

5006,95,62.the financial performance of Bank is Baroda is better as compared to

federal bank. Customer may prefer Bank of Baroda because their net profit is much

higher.


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BIBLIOGRAPHY

http://www.bankofbaroda.com/

http://www.moneycontrol.com

http://economictimes.indiatimes.com

http://www.federalbank.co.in

http://www.prokerala.com/banking

http://en.wikipedia.org

http://business.mapsofindia.com

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