Post on 14-Apr-2018
7/27/2019 Account Project Orginal
1/41
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.
7/27/2019 Account Project Orginal
2/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
3/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
4/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
5/41
FINAL ACCOUNTS OF BANKING COMPANY
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.
7/27/2019 Account Project Orginal
6/41
FINAL ACCOUNTS OF BANKING COMPANY
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.aspx7/27/2019 Account Project Orginal
7/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
8/41
FINAL ACCOUNTS OF BANKING COMPANY
8
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31st
MARCH, 2012
PARTICULARS SCHEDULE
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
7/27/2019 Account Project Orginal
9/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
10/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
11/41
FINAL ACCOUNTS OF BANKING COMPANY
11
SCHEDULES-5: OTHER LIABILITIES AND PROVISIONS
PARTICULARS AS ON 31-
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
PARTICULARS AS ON 31-
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
7/27/2019 Account Project Orginal
12/41
FINAL ACCOUNTS OF BANKING COMPANY
12
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
7/27/2019 Account Project Orginal
13/41
FINAL ACCOUNTS OF BANKING COMPANY
13
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
7/27/2019 Account Project Orginal
14/41
FINAL ACCOUNTS OF BANKING COMPANY
14
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)
At cost/valued amount as on
31st March of the preceding
year
3,10,13 3,10,13
7/27/2019 Account Project Orginal
15/41
FINAL ACCOUNTS OF BANKING COMPANY
15
Less : Depreciation to date 2,71,79 2,71,79
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
7/27/2019 Account Project Orginal
16/41
FINAL ACCOUNTS OF BANKING COMPANY
16
-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
TOTAL (I+II+III+IV+V+VI) 35849,40,40 22112,74,97
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
7/27/2019 Account Project Orginal
17/41
FINAL ACCOUNTS OF BANKING COMPANY
17
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
TOTAL (I+II+III+IV+V+VI) 532,34,32 159,75,15
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
7/27/2019 Account Project Orginal
18/41
FINAL ACCOUNTS OF BANKING COMPANY
18
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
7/27/2019 Account Project Orginal
19/41
FINAL ACCOUNTS OF BANKING COMPANY
19
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_III7/27/2019 Account Project Orginal
20/41
FINAL ACCOUNTS OF BANKING COMPANY
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/Tanzania7/27/2019 Account Project Orginal
21/41
FINAL ACCOUNTS OF BANKING COMPANY
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.
7/27/2019 Account Project Orginal
22/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
23/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
24/41
FINAL ACCOUNTS OF BANKING COMPANY
24
BALANCE SHEET AS ON 31st
MARCH, 2012 -BANK OF BARODA
PARTICULARS SCHEDULE
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
7/27/2019 Account Project Orginal
25/41
FINAL ACCOUNTS OF BANKING COMPANY
25
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED
31st MARCH, 2012
PARTICULARS SCHEDULE
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
7/27/2019 Account Project Orginal
26/41
FINAL ACCOUNTS OF BANKING COMPANY
26
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
PARTICULARS As on 31-
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
7/27/2019 Account Project Orginal
27/41
FINAL ACCOUNTS OF BANKING COMPANY
27
Additions during the year 22,39,86 20,99,56
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
Additions during the year 533,84,66 335,39,00
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
7/27/2019 Account Project Orginal
28/41
FINAL ACCOUNTS OF BANKING COMPANY
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
PARTICULARS AS ON 31-
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
7/27/2019 Account Project Orginal
29/41
FINAL ACCOUNTS OF BANKING COMPANY
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
PARTICULARS AS ON 31-
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
7/27/2019 Account Project Orginal
30/41
FINAL ACCOUNTS OF BANKING COMPANY
30
SCHEDULE-6: CASH AND BALANCES WITH RBI
PARTICULARS AS ON 31-
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
PARTICULARS AS ON 31-
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
7/27/2019 Account Project Orginal
31/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
32/41
FINAL ACCOUNTS OF BANKING COMPANY
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
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
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
7/27/2019 Account Project Orginal
33/41
FINAL ACCOUNTS OF BANKING COMPANY
33
(including Furniture & Fixtures)
At cost/valued amount as on
31st March of the preceding
year
Additions/adjustments during the
year
337,57,40 310,09,44
Less: Deductions/adjustments
during the year
59,84,30 60,85,77
Less : Depreciation to date 1767,04,95 1536,31,19
III) Assets given on Lease
(Acquired on winding up of a
subsidiary)
At cost/valued amount as on
31st March of the preceding
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
TOTAL (I+II+III+IV+V+VI) 10224,73,02 6090,43,63
7/27/2019 Account Project Orginal
34/41
FINAL ACCOUNTS OF BANKING COMPANY
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
TOTAL (I+II+III+IV+V+VI) 152502,81,31 127163,87,03
7/27/2019 Account Project Orginal
35/41
FINAL ACCOUNTS OF BANKING COMPANY
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
TOTAL (I+II+III+IV+V+VI) 3422,32,82 2809,18,60
7/27/2019 Account Project Orginal
36/41
FINAL ACCOUNTS OF BANKING COMPANY
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
7/27/2019 Account Project Orginal
37/41
FINAL ACCOUNTS OF BANKING COMPANY
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%
7/27/2019 Account Project Orginal
38/41
FINAL ACCOUNTS OF BANKING COMPANY
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%
7/27/2019 Account Project Orginal
39/41
FINAL ACCOUNTS OF BANKING COMPANY
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.
7/27/2019 Account Project Orginal
40/41
FINAL ACCOUNTS OF BANKING COMPANY
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.
7/27/2019 Account Project Orginal
41/41
FINAL ACCOUNTS OF BANKING COMPANY
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