Performance

PerformanceAnalysis
Analysis
Q3
Q4FY
FY2020
2020
Jan 24, 2020
 Safe Harbor
This presentation has been prepared by Bank of Baroda (the our growth and expansion, the adequacy of our allowance for non-
“Bank”) solely for information purposes, without regard to any performing loans, credit losses, our provisioning policies,
specific objectives, financial situations or informational needs of technological changes, investment income, cash flow
any particular person. projections, our exposure to market risks as well as other risks.
Bank of Baroda undertakes no obligation to update the forward-
Except for the historical information contained herein, statements
looking statements to reflect events or circumstances after the
in this release which contain words or phrases such as “will”,
date thereof.
“aim”, “will likely result”, “would”, “believe”, “may”, “expect”, “will
continue”, “anticipate”, “estimate”, “intend”, “plan”, “contemplate”, Note: All financial numbers in the presentation are from Audited
“seek to”, “future”, “objective”, “goal”, “strategy”, “philosophy”, Financials or Limited Reviewed financials or based on
“project”, “should”, “will pursue” and similar expressions or Management estimates.
variations of such expressions may constitute "forward-looking
statements". These forward-looking statements involve a number
of risks, uncertainties and other factors that could cause actual Amalgamation
results to differ materially from those suggested by the forward-
looking statements. The uncertainties related to COVID 19
pandemic may impact the Bank’s growth, asset quality and
Bank has amalgamated with itself Vijaya Bank and Dena
performance, which is contingent on the duration the pandemic Bank w.e.f. April 1, 2019. Accordingly financials as on Mar
continues and time taken by the polices to contain the impact. 2019 are combined figures of three banks. The combined
These risks and uncertainties include, but are not limited to our financials have been arrived at by aggregation of audited
ability to successfully implement our strategy, future levels of numbers and do not entail any adjustments

© 2020 Bank of Baroda. All Rights Reserved Page | 2

 Contents

Major Highlights
Business Performance
Financial Performance
Asset Quality
Capital Adequacy & Shareholding
Integration
Strengths & Initiatives
Consolidated Financials

© 2020 Bank of Baroda. All Rights Reserved Page | 3

 Major Highlights
© 2020 Bank of Baroda. All Rights Reserved Page | 4
 Major Highlights for Q4FY20
Operating Profit for Q4FY20 increased to INR 5,121 crore, an increase of 47.9% due to 23.2% decline in operating expenses
1 (Q4FY19 included amalgamation related one-off). Trading gains higher by 74.1%.

Global NIM during Q4FY20 increased to 2.67% from 2.62% in Q4FY19 and domestic NIM increased to 2.78% from 2.68% in
2 Q4FY19. Domestic cost of deposits in Q4FY20 fell to 5.20% lower by 33bps YoY. Domestic CASA ratio increased by 181bps
YoY to 39.1% (38.84% in Q3FY20).
Global advances increased by 5.95% led by international and domestic retail loans (ex-portfolio purchase) which grew by
3 21.4% and 16.05% respectively. Within retail, home loans (ex portfolio purchase) and auto loans increased by 11.48% and
41.24% respectively.

Gross NPA ratio at 9.40% as on March 31, 2020 against 10.43% as on December 31, 2019 (10.02% as on March 31, 2019). Net
4 NPA ratio at 3.13% as against 4.05 % as on December 31, 2019 (3.65% as on March 31, 2019). Slippage ratio fell to 1.9% in
Q4FY20 compared with 6.8% in Q3FY20. Slippage ratio for FY20 stands at 2.97% as against 4.34% in FY20.

5 PCR continues to be high. PCR including TWO at 81.33% as on March 31, 2020 compared with 77.77 % as on December
31, 2019 (77.72% as on March 31, 2019).

6 Bank reported a Net Profit of INR 507 crore in Q4FY20. Consolidated Net Profit of the Bank for FY 20 stood at INR 927 crore.
Cost to income ratio of the Bank declined to 47.86% in FY20 from 52.01% in FY19.

Credit cost declined to 1.82% in Q4FY20 compared with 3.88% during Q3FY20. Credit cost for FY20 declined to 2.35%
7
compared with 3.27% in FY19.

8 Integration moving forward as per plan despite COVID-19 with IT integration to be completed in the current financial year.

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 Progress in the quarter
Particulars
Dec 31, 2019 Mar 31, 2020 Particulars
(INR crore) Dec 31, 2019 Mar 31, 2020
(INR crore)
Total Business 15,50,627 16,36,106 Gross NPA 73,140 69,381
Total Deposits 8,96,162 9,45,985 Net NPA 26,504 21,577
Net NPA Ratio 4.05% 3.13%
Domestic Deposits 7,82,070 8,08,706
PCR (with TWO) 77.77% 81.33%
Total Advances 6,54,465 6,90,121 PCR (without TWO) 63.76% 68.90%

Domestic Advances 5,44,726 5,70,341

Particulars
Dec 31, 2019 Mar 31, 2020
Domestic CASA ratio 38.84% 39.07% (%)
Slippage Ratio 6.78 1.94
Total Assets 10,93,563 11,57,916
Credit Cost 3.88 1.82
Domestic NIM 2.88 2.78 Cost to income Ratio 49.76 47.86
Global Cost of Deposits 4.86 4.76
Branches 9,470 9,482
Domestic Yield on Advances 8.73 8.77
ATMs 13,161 13,193 Capital Adequacy Ratio
13.48% 13.30%
(Standalone)
Customers (in crore) 13.1 13.1
Capital Adequacy Ratio
13.98% 13.87%
(Consolidated)
Employees 85,135 84,283

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 Business Performance
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 Business Performance (1/2)
Terminal Figures
Particulars
Mar’19 Dec’19 Mar’20 YOY (%)
(INR crore)
Total Business 15,66,544 15,50,627 16,36,106 4.44
Domestic Business 13,47,186 13,26,796 13,79,047 2.37
Total Deposits 9,15,159 8,96,162 9,45,985 3.37
Domestic Deposits 7,94,435 7,82,070 8,08,706 1.80
CASA Deposits 3,11,368 3,20,264 3,33,825 7.21
Domestic CASA Deposits 2,95,978 3,03,795 3,15,951 6.75
Total Saving Deposits 2,50,044 2,58,838 2,69,243 7.68
Domestic Saving Deposits 2,47,227 2,55,994 2,66,301 7.72
Total Current Deposits 61,324 61,426 64,582 5.31
Domestic Current Deposits 48,751 47,801 49,650 1.85
Advances (Net) 651,384 6,54,465 6,90,121 5.95
Domestic Advances (Net) 5,52,750 5,44,726 5,70,341 3.18
Retail Term Deposits 4,32,947 4,35,620 4,62,499 6.83
Domestic Retail Term Deposits 3,49,667 3,67,415 3,78,390 8.21
Domestic CASA(%) 37.26% 38.84% 39.07%
Global CASA (%) 34.02% 35.74% 35.29%

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 Sustained CA and SA Ratio

Savings Deposits Ratio Current Deposits Ratio CASA Ratio

39.07
32.9 38.84
32.7

37.26
6.14 6.11 6.14
31.1

Mar'19 Dec'19 Mar'20 Mar'19 Dec'19 Mar'20 Mar'19 Dec'19 Mar'20

Domestic SA ratio Domestic CA Deposits
Domestic CA Deposits

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 Cost of Deposits
Quarterly Cost of Deposit Yearly Cost of Deposit

5.53% 5.43%
5.39%

5.25%
5.20%
5.09%
4.97% 4.98%

4.86%
4.76%

Mar'19 Dec'19 Mar'20 Mar'19 Mar'20

Global Deposits Domestic Deposits Global Deposits Domestic Deposits

Cost of domestic deposits has gone down sequentially

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 Credit Portfolio- well diversified

% share in Gross Domestic Credit in Mar’ 20 Particulars

Mar ’19 Dec ’19 Mar ’20
Agriculture Others (incl LABOD & (INR crore)
14.42% Staff loans)
3.70%
Corporate 2,77,038 2,70,896 2,91,543

Retail (excl MSME 86,985 87,041 87,328

LABOD) Corporate
19.79% 47.71% Retail (excl LABOD) 1,08,525 1,19,085 1,20,657

MSME Agriculture 81,164 84,548 87,921

14.38%
Others (incl LABOD &
% share in Gross Domestic Credit in Mar’ 19 Staff loans)
39,094 22,896 23,596

Others (incl LABOD

& Staff loans), 6.59 Gross Domestic
Agriculture, 13.69 5,92,806 5,84,466 6,11,046
Advances

Retail (excl
LABOD), 18.31 Corporate , 46.73

• LABOD – Loan Against Bank Own Deposit

MSME, 14.67

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 Steady Retail Loan Growth - Terminal
Retail Credit – By Segment (INR crore) Percentage Growth in Retail, Home and Auto
loans (ex Pool purchase)
1,19,085 1,20,657 40%

1,08,525 15,868 31%

16,320

14,282 5,119 5,287

4,455 16,490
15,871 16%
11,742 18%
8%
11%

81,775 83,012
78,047

Mar'19 Dec'19 Mar'20 Mar'19 Mar'20

Growth in Retail Loans (YOY) Growth in Home Loans (YOY)
Other Retail loans. Education Auto Home
Growth in Auto Loans (YOY)

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 Risk profile- Post Amalgamation

As on 01.04.2019 As on 31.03.2020

6% 1%
17%
17%

11%
8%

69%
71%

Above 725 701-725 Up to 700 -1

Above 725 701-725 Up to 700 -1

*Based on Amt.
*CIBIL scores (V1) as on 01.04.2019 have been converted into corresponding Credit Vision CIBIL Scores

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 MSME Portfolio CIBIL –CMR/CRIF Rank-wise
100%
100% Standard Portfolio Distribution %-
NPA % CMR rank wise CMR Rank
100%
96%
90%
93% 98% 100%
85% 93%
89%
83%
72%

52% 67%
57%
58%

36%

26% 27%
28%
15% 19%
11%
9% 7%
3% 10% 1% 6%
1% 7%
0% 3% 1%
1% 2% 3%
0% 0%

Dec'19 Mar'20
Dec'19 Mar'20

• CMR 1-4 increased from 57.14% to 58.35% while CMR 1-5 decreased from 71.72% to 66.71% due to shift of CMR 5 accounts.
• NPA exposure under CMR 1-5 has decreased from 11.28% to 2.50%.
• Standard Exposure in CMR 7-10 has decreased from 5400 to 5154 out of which exposure in CMR 7 remains constant at 1800 crore reflecting the decrease in our
exposure in CMR 8-10 (Very High Risk).

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 Improving Rating Profile

55.76% 57.97% 62.19%

74.76%

15.59% 12.82%
13.40%

17.14% 16.01% 9.08%

13.30%
6.46%
11.15% 13.19% 11.11% 9.70%

Mar'19 Dec'19 Mar'20 Incremental Mar-19-Mar20

A & Above BBB Below BBB Unrated

*External Rating Distribution of Domestic Advances above INR 5 Crore

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 Industry-wise Exposure
Mar ’19 Dec ’19 Mar ’20
Particulars (INR crore)
Outstanding %share Outstanding %share Outstanding %share
Infrastructure of which 79,288 13.38 62,333 10.67 62,045 10.15
1. Power 40,631 6.85 32,199 5.51 29,805 4.88
2. Telecom 7,958 1.34 9,360 1.60 11,617 1.90
3. Roads & Ports 11,794 1.99 7,260 1.24 7,595 1.24
4. Other Infrastructure 18,906 3.19 13,515 2.31 13,027 2.13

Basic Metals & Metal Industry 27,020 4.56 24,892 4.26 28,338 4.64
of which
1. Iron & Steel 24,751 4.18 21,777 3.73 26,150 4.28
Textiles 19,413 3.27 18,317 3.13 17,371 2.84
Petroleum & Petrochemicals 3,253 0.55 1,549 0.27 4,549 0.74
All Engineering 11,953 2.02 10,120 1.73 9,132 1.49
Food Processing 10,944 1.85 11,716 2.00 12,080 1.98
Chemicals and Chemical Products 12,737 2.15 11,115 1.90 11,918 1.95
Trade 7,940 1.34 12,485 2.14 9,927 1.62
Other Industries / Sectors 2,28,292 38.51 2,28,304 39.06 2,47,108 40.44
Retail Loans 1,08,525 18.31 1,19,085 20.38 1,20,657 19.75
Agriculture 83,441 14.08 84,548 14.47 87,921 14.39
Gross Domestic Advances 5,92,805 100 5,84,466 100 6,11,045 100
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 Segment wise breakup and Ratings of
NBFC Standard exposure
Segment wise breakup of NBFC Standard Rating Profile of NBFCs NBFC standard exposure at Rs
exposure 1,10,877 crore
Particula
Particulars (INR crore) Dec ’19 Mar ’20 Dec’19 Mar’20
rs
Pvt others
Asset Finance Company (AFC) 13,092 Exposure Exposure % 26.4%
14,792 % Share
(INR cr) (INR cr) Share 36.6%
Housing Finance Company
31,124
(HFC) 30,986
AAA 46,505 47.1% 62,795 56.6% Backed by
Infrastructure Finance Company 2,763 Large Private
2,731 Institutions
42.2%
NBFC - PSU 29,011
17,744 AA 42,141 42.7% 36,585 33.0%
46.5% Backed by
Micro Finance Institutions (MFI) 2,564 PSUs
1,310
A 5,780 5.9% 8,291 7.5% 5.9%
Others (Corporate Loan, Gold
Loan, Education, Real Estate, 32,324
31,152 4.9% Central & State
Auto, SME, etc.) 25.6%
BBB 1,422 1.4% 2,248 2.0% PSUs
12.0%

Total NBFC Exposure 98,714 1,10,877 BB & Mar'19 Mar'20

2,866 2.9% 958 0.9%
below

The outstanding NBFC advances as of March 2020 stood at Rs 1,04,651 crore

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 Yield on Advances

Quarterly YOA Yearly YOA

8.77% 8.82%
8.73%
8.65% 8.62%

7.98% 7.94% 7.99%

7.91%
7.82%

Mar'19 Dec'19 Mar'20 Mar'19 Mar'20

Domestic Global Domestic Global

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 Treasury operations

Particulars
Mar ’19 Dec ’19 Mar ’20 • Domestic investment book comprises of 63.76% in
(INR crore) HTM; 36.17% in AFS and 0.07% in HFT.
Domestic
2,53,704 2,56,157 2,65,016
Investments • The percentage of SLR Securities to NDTL at March
31, 2020 was at 26.05%.
of which
2,15,070 2,12,059 2,21,174
SLR
• As on March 31, 2020, the modified duration of AFS
investments is 1.32, HTM securities is 4.75 and total
Non SLR 38,634 44,098 43,842
investments is 3.60.

Held To Maturity (HTM) 1,59,812 1,71,639 1,68,967

Available For Sale

93,203 84,198 95,846
(AFS)

Held For trading (HFT) 689 320 204

International
11,848 12,176 13,032
Investments
Global
2,65,552 2,65,802 2,78,048
Investments

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 Yield on Investment

Quarterly YOI Yearly YOI

7.58% 7.58%
7.24%
7.07% 7.31%
7.59% 7.59%

7.04% 6.97%
7.17%

Mar'19 Mar'20
Mar'19 Dec'19 Mar'20

Domestic Global Domestic Global

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 Business Performance-International
Particulars
Mar’19 Dec’ 19 Mar’ 20 YOY (%) QOQ (%)
(INR crore)
Terminal Figures
Total Business 2,19,356 2,23,831 2,57,010 17.17% 14.82%
Total Deposits 1,20,723 1,14,092 1,37,279 13.71% 20.32%
CASA Deposits 15,390 16,469 17,873 16.13% 8.52%
Total Saving Deposits 2,817 2,844 2,942 4.44% 3.44%
Total Current Deposits 12,573 13,625 14,931 18.75% 9.58%
Advances (Net) 98,633 1,09,739 1,19,731 21.39% 9.10%
Average Figures*
Total Business 2,16,624 214,505 2,32,642 7.39% 8.46%
Total Deposits 1,10,810 103,869 1,14,053 2.93% 9.80%
CASA Deposits 16,972 16,987 18,649 9.88% 9.78%
Total Saving Deposits 2,710 2,687 2,813 3.81% 4.71%
Total Current Deposits 14,262 14,300 15,836 11.03% 10.74%
Advances (Gross) 1,05,814 110,636 1,18,589 12.07% 7.19%

* Average business data is based on daily averages for the respective quarter.
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 Cluster wise Business of Overseas branches
2.06% 2.28% 2.23% 2.13% 1.92%
12.53% 13.62% 14.21% 13.24% 12.18%

16.26% 15.40% 17.40%

20.71% 18.27%

34.84% 32.31%
32.35% 34.05% 35.17%

34.39% 36.20%
32.35% 31.79% 32.13%

Mar'19 Jun'19 Sep'19 Dec'19 Mar'20

America GCC European East Asia and Far East African

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 Breakup of Advances -International

Particulars As % of As % of As % of
Mar’19 Total Dec’19 Total Mar’20 Total
(INR Crores) Advances Advances Advances

Buyer’s Credit 2,480 2.35% 1,303 1.11% 1,014 0.78%

New Trade Credit (Supplier’s credit/ UPAS) 12,886 12.19% 19,017 16.18% 21,604 16.60%

BP / BD under LCs and Advances against SBLCs 11,765 11.13% 10,540 8.97% 11,276 8.67%

Advances considered as exposure on Banks 27,131 25.66% 30,860 26.26% 33,894 26.05%

External Commercial Borrowings (ECBs) 14,088 13.32% 15,079 12.83% 18,139 13.94%

Loans to India Related Companies (other than ECBs) 21,691 20.52% 22,472 19.13% 26,300 20.21%

Loans to Non Indian Entities 8,830 8.35% 10,480 8.92% 10,364 7.97%

Local Credit 33,987 32.15% 38,616 32.86% 41,415 31.83%

Total Advances Portfolio 1,05,727 100.00% 1,17,507 100.00% 1,30,112 100.00%

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 Key Ratios - International Operations

4.40%
4.08%
3.82% 3.91%
3.76%
3.54%
3.34%

2.88%

2.22% 2.19%
1.97% 1.96%
1.70% 1.76% 1.77%
1.54%

1.66% 1.72%
1.49% 1.45% 1.51%
1.26% 1.21%
1.14%
Mar' 18 Jun'18 Sep' 18 Mar' 19 Jun'19 Sep'19 Dec'19 Mar'20

Cost of Deposits (%) Yield on advances (%) Net Interest Margin (%)

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 Financial Inclusion (1/2)

Total Financial Inclusion Accounts (in Lakh) Balance/ Average Balance in Financial Inclusion
512
508 20000.0 accounts 18,731 3800
500
16,921
15,999 3600
14,973 3,658
15000.0 13,362
470 3400
453 3,337 3200
10000.0 3,206
3,186
3000
2,950
5000.0 2800
Dec '18 Mar'19 Sep '19 Dec'19 Mar'20 Dec' 18 Mar '19 Sep' 19 Dec' 19 Mar' 20
Balance in Financial Inclusion Accounts (in INR Crore) Average Balance (in INR)

No of Transactions Through Business

Transactions – By Amount (in INR crore)
11,358 11,318
Correspondents (in lakhs)
10,835 304 308 300
266
7,695 213
7,111

Dec'18 Mar '19 Sep' 19 Dec' 19 Mar '20 Dec'18 Mar '19 Sep' 19 Dec' 19 Mar '20

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 Financial Inclusion (2/2)
Social Security Schemes
Enrolment up to
Particulars (in Lakh)
Dec ’18 Sep ’19 Dec ’19 Mar ’20
Pradhan Mantri Suraksha Bima Yojana 119.4 148.7 157.7 165.8

Pradhan Mantri Jeevan Jyoti Bima Yojana 33.44 42.72 44.78 46.93
Atal Pension Yojana 12.94 17.74 19.19 20.04

Zero Balance Accounts (%) Market Share of BOB in PMJDY Accounts (%) Market Share of BOB in PMJDY Deposits (%)
13.35% 13.33% 13.45%
12.87% 12.94%
9.9% 10.2% 14.53% 14.55% 14.75%
13.75% 14.02%
9.4%
9.0%

7.9%

Dec'18 Mar '19 Sep'19 Dec'19 Mar '20 Dec'18 Mar'19 Sept'19 Dec'19 Mar'20 Dec'18 Mar'19 Sep'19 Dec'19 Mar'20

In Q4FY20, the Bank’s 87 FLC centres across the country conducted 3251 meetings/camps to educate 1,37,030 people.
Further, 64 RSETIs have trained 12,371 youth through 435 training programmes during the quarter.

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 Financial Performance
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 Net Interest Margin (%)

Quarterly NIM Yearly NIM

2.88%
2.85%
2.81% 2.80%
2.78%
2.84%
2.80% 2.78% 2.77%
2.68%
2.73%
2.67%
2.62% 2.64%

Mar'19 Dec'19 Mar'20 Mar'19 Mar'20

Domestic Ex It refund Global Domestic Excluding It refund Global

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 Operating Performance
Particulars
Q4 FY 19 Q3 FY 20 Q4 FY 20 YOY (%) FY 19 FY 20 YOY (%)
(INR crore)
Interest on advances 13,211 13,583 13,292 0.6 51,118 54,116 5.9

Interest on investments 4,727 4,569 4,464 -5.6 18,600 18,097 -2.7

Other Interest income 799 915 943 18.0 3,083 3,771 22.3

Total Interest Income 18,737 19,067 18,698 -0.2 72,801 75,984 4.4
Interest on Deposits 11,027 10,725 10,627 -3.6 42,657 43,657 2.3

Interest on borrowings 878 714 674 -23.3 3,079 2,686 -12.8

Other Interest paid 359 500 600 67.2 1,387 2,190 57.8

Total Interest
12,264 11,939 11,900 -3.0 47,123 48,532 3.0
Expenses
Net Interest Income
6,473 7,128 6,798 5.0 25,678 27,451 6.9
(NII)
Operating Expenses 5,876 4,912 4,512 -23.2 17,928 18,077 0.8
16,545 19,691 19.0
Operating Profit 3,462 4,958 5,121 47.9

Cost to Income Ratio (%) 62.93 49.76 46.84 52.01 47.86

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 Non-Interest Income

Particulars
Q4 FY 19 Q3 FY 20 Q4 FY 20 YOY (%) FY19 FY20 YOY (%)
(INR crore)
Commission, Exchange,
676 652 716 5.8 2,426 2,590 6.8
Brokerage
Incidental Charges 304 284 310 2.2 983 1,014 3.2

Other Miscellaneous Income 391 321 367 -6.2 1,505 1,248 -17.1

Customer Forex Income 128 123 142 11.0 228 514 125.3
Total Fee Income 1,498 1,380 1,535 2.5 5,141 5,365 4.4
Forex Income 83 91 144 72.7 560 502 -10.3
Dividend Income 99 24 1 -98.8 156 100 -35.9
Trading Gains – Profit from Sale
502 596 875 74.1 1,254 2,751 119.3
of Investments
Recovery from TWO 363 584 -23.0 1,294 1,532 18.4
280
Other Non-Interest Income 1,048 1,295 1,299 24.0 3,264 4,885 49.6

Non-Customer Interest Income 319 67 0 -100.0 388 67 -82.7

Total Non-Interest Income 2,865 2,741 2,834 -1.1 8,794 10,317 17.3

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 Operating Expenses
Particulars (INR crore) Q4 FY 19 Q3 FY 20 Q4 FY 20 YOY (%) FY19 FY20 YOY (%)
Employee Cost 3,338 2,594 1,954 -41.4 9,342 8,770 -6.1
of which: Salaries 1,700 2,023 1,837 8.1 6,541 7,297 11.6
Provisions for employees 1,638 571 117 -92.8 2,801 1,472 -47.4
Other Operating Expenses 2,538 2,318 2,558 0.8 8,586 9,308 8.4
of which :
403 373 410 1.8 1,517 1,518 0.0
Rent, Taxes and Lighting
Printing and Stationery 32 30 34 6.3 110 117 6.4
Depreciation 484 423 383 -20.9 1,228 1,660 35.2
Law charges 67 33 51 -23.9 197 159 -19.1
Postage, Telegrams, Telephone
70 51 52 -25.7 191 197 3.5
etc
Repairs and Maintenance 216 296 259 19.8 991 1,133 14.2
Insurance 269 227 309 14.8 952 1,062 11.5
NFS charges/Fees 91 105 115 27.3 370 412 11.4
Sundry charges 431 158 214 -50.4 1,094 714 -34.7
Other Expenditure 474 622 730 54.0 1,936 2,336 20.7
Operating Expenses 5,876 4,912 4,512 -23.2 17,928 18,077 0.8

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 Profit Position

Particulars YOY
Q4 FY 19 Q3 FY 20 Q4 FY 20 FY 19 FY 20 YOY (%)
(INR crore) (%)

Operating Profit 3,462 4,958 5,121 47.9 16,545 19,691 19.0

Total Provisions 12,335 6,365 4,614 -62.6 24,884 19,145 -23.1

of which
Provision for NPA & Bad Debts 10,368 6,621 3,190 -69.2 20,972 16,405 -21.8
Written-off
Provision for Standard
52 217 2684 5061 -111 3,085
Advances
Provision for Depreciation on
-218 2 740 518 987 90.4
Investment

Other Provisions 418 315 229 -45.2 1,019 1,016 -0.3

Tax Provisions 1,716 -790 -2230 2,486 -2,348

Net Profit -8,875 -1407 507 -8,340 546

• Provision made in for accounts under NCLT 1 & 2 list is INR 28 crore during Q4 FY 20.

© 2020 Bank of Baroda. All Rights Reserved Page | 32

 Asset Quality
© 2020 Bank of Baroda. All Rights Reserved Page | 33
 Movement in NPAs
Particulars
Q4 FY 19 Q1 FY 20 Q2 FY 20 Q3 FY 20 Q4 FY 20 FY19 FY20
(INR crore)

A. Opening Balance 74,322 69,924 69,714 69,969 73,140 80,367 69,924

4,485
B. Additions 7,305 6,624 7,259 11,820 24,900 23,315

Out of which, Fresh

6,554 5,583 6,001 10,387 3,050 20,334 18,665
Slippages
C. Reductions 11,703 6,834 7,004 8,649 8,243 35,343 23,858
Recovery 2,488 1,544 2,099 2,095 2,066 12,763 6,304
Upgradation 1,492 684 1,550 1,096 3,968 3,288 1,668
Write-Offs 7,652 4,532 3,355 5,459 2,210 19,292 15,806
Other
70 74 0 0 0 0 80
Adjustments

Closing Balance 69,924 69,714 69,969 73,140 69,381 69,924 69,381

Recovery in TWO* 363 203 465 584 280 832 1,532

Slippage Ratio(%) 4.94 3.56 3.95 6.78 1.94 4.34 2.97

Credit cost(%) 8.13 1.81 2.02 3.88 1.82 3.27 2.35

* Technical Write off accounts

© 2020 Bank of Baroda. All Rights Reserved Page | 34

 Provision Coverage Ratio

Particulars Mar’19 Dec’19 Mar’20

Gross Advances (INR crore) 6,97,824 7,01,266 7,38,096

Gross NPA (INR crore) 69,924 73,140 69,381

Outstanding Provisions on NPAs/ Eligible

46,130 46,636 47,804
deductions (INR crore)

Net NPA (INR crore) 23,794 26,504 21,577

Gross NPA Ratio (%) 10.02 10.43 9.40

Net NPA Ratio (%) 3.65 4.05 3.13

Provision Coverage Ratio (Including Technical

77.72 77.77 81.33
Write off accounts) (%)

Provision Coverage Ratio (Excluding Technical

65.97 63.76 68.90
Write off accounts) (%)

© 2020 Bank of Baroda. All Rights Reserved Page | 35

 NPA Ratios

10.43%
10.02%
9.40%

4.05%
3.65%
3.13%

Mar'19 Dec'19 Mar'20

Gross NPA Ratio Net NPA Ratio

© 2020 Bank of Baroda. All Rights Reserved Page | 36

 Sectoral & Industry wise Contribution of NPAs

Particulars
Mar ’19 Dec ’19 Mar ’20 Industry (INR crore) Mar’ 19 Dec ’19 Mar ’20
(INR crore)
Infrastructure of which 13,011 11,892 9,100
Corporate 40,594 38,349 36,934 4,943
1. Power 3,545 2,335

MSME 2. Telecom 4,423 4,135 3,825

9,883 11,130 11,370
3. Roads & Ports 2,559 2,317 2,175
Retail 1,735 2,586 2,395 4. Other Infrastructure 1,310 1,895 765

Basic Metals & Metal Industry

Agriculture 9,040 9,282 9,072 6,859 5,834 5,132
of which

Others 826 1,263 673 1. Iron & Steel 6,150 5,131 4,505
Textiles 3,807 4,625 3,597
Total
62,079 62,610 60,444 Petroleum & Petrochemicals 32 31 5
Domestic
All Engineering 5,040 5,166 4,659
International 7,845 10,530 8,937 Food Processing 1,936 2,079 1,903
Chemicals and Chemical
722 732 784
Global 69,924 73,140 69,381 Products
Trade 1,669 2,217 1,622

© 2020 Bank of Baroda. All Rights Reserved Page | 37

 Exposure to NCLT accounts

51844

99.57%
35015
93.01% 92.87%
88.04%
84.76%

4878 6060 5891

NCLT 1 List NCLT 2 List Accounts filed Accounts filed Total NCLT 1 List NCLT 2 List Accounts filed Accounts filed Total
by BOB at by other banks by BOB at by other banks
NCLT at NCLT NCLT at NCLT

Exposure in INR crore Provision Coverage (%)

• Additional Provision made for RBI-1 and RBI-2 lists of RBI is INR 28 Crore in Q4 FY 20.
• Bank is having 88.04% PCR in NCLT accounts.

© 2020 Bank of Baroda. All Rights Reserved Page | 38

 Asset Quality – Watch list
12500 INR in crore  All stressed accounts under SMA included in the
2600
watch list.
OTHERS  90% slippage in March 2020 quarter was from
(International)
OTHERS watch-list of December 2019 of Amalgamated
4205
TEXTILES Book.
IRON & STEEL

ROAD & EPC

1285
285 NBFC

POWER
3119

79
927

Watch list as on March 31, 2020

© 2020 Bank of Baroda. All Rights Reserved Page | 39

 Movement of portfolio under SMA

2.25%
2.20%
2.12%
2.06%
1.63%
1.54%
1.48%
1.39%

1.20%

1.20%

Mar' 19 Jun' 19 Sep'19 Dec'19 Mar'20 Mar' 19 Jun' 19 Sep'19 Dec'19 Mar'20
Percentage of SMA2 movement with total advances Percentage of SMA1 movement with total advances

• The SMA data shown is for global advance portfolio

© 2020 Bank of Baroda. All Rights Reserved Page | 40

 Capital Adequacy & Shareholding
© 2020 Bank of Baroda. All Rights Reserved Page | 41
 Capital Adequacy
12.98% 13.48% 13.30%
11.50% Tier II
2.07% 2.03% 2.59% AT-1
Tier I
1.94% 1.07% 1.60%
1.27%
CET-1
1.06%

9.56% 11.45%
9.84% 10.91% 9.85% 10.71%
8.49% 9.44%

Jun'19 Sep'19 Dec'19 Mar'20

Particulars (INR crore) Sep ’19 Dec ’19 Mar ’20

Common Equity Tier I Capital (CET 1) 56,489 56,979 57,433
Tier I Capital 62,612 66,226 65,123
Tier II Capital 11,905 11,780 15,767
Total Capital 74,517 78,007 80,890

• Capital Adequacy of the Bank continues to be above regulatory norms.

• Consolidated Capital Adequacy as on Mar 31,2020 is 13.87%.

© 2020 Bank of Baroda. All Rights Reserved Page | 42

 Shareholding Pattern as on March 31, 2020

Bodies
Indian Public, Corporates, As on March 31, 2020
Foreign 7.99% 0.65% Others, 1.30%
Holding, 4.89%

Insurance  Share Capital: INR 924.11 crore.

Companies,
3.56%

Mutual Funds,
10.01%
 Equity shares of Bank of Baroda are part of the following Indices:
Government of
India, 71.60%  BSE 100, BSE 200, BSE 500 & Bankex
BankNifty, Nifty 100, Nifty 200, Nifty 500

 Shares of Bank of Baroda are also listed on BSE and NSE

in the ‘Future and Options’ segment

© 2020 Bank of Baroda. All Rights Reserved Page | 43

 Integration
© 2020 Bank of Baroda. All Rights Reserved Page | 44
 Integration update

Migration of all corporate and common NPA Branch rationalization underway with 650+
accounts into Bank of Baroda completed branches rationalized

All ATMs from eVB and eDB migrated to Bank

of Baroda

ATM rationalization in-progress with 110+

low-hit ATMs rationalized
Onboarding of all active business (1250+)
correspondents of eDB to corporate BC model
of Bank of Baroda completed

Constant customer communication ensured

Branch migration in full swing – 152 eVB
with no major customer grievances related to
branches successfully migrated
integration reported

© 2020 Bank of Baroda. All Rights Reserved Page | 45

 Integration update – IT & HR
IT integration update

CBS migration underway for eVB branches – 152 Payment system integration of NEFT/RTGS,
branches migrated successfully to BOB IMPS, NACH/ECS etc. has been completed

Integration of CTS solution completed along

IP address harmonization across 4000+ branches
with operationalization of new MICR and IFSC
completed
codes for eVB & eDB branches

HR integration update

Promotion process for the amalgamated entity Centralized employee helpdesk set-up to
in progress, completed for senior scales manage migration related issues

Feedback through independent employee Gratuity, pension & provident fund

surveys indicate smooth amalgamation without computations harmonized and respective funds
any major issues of the three banks have been merged

© 2020 Bank of Baroda. All Rights Reserved

Page | 46
 Strengths & Initiatives
© 2020 Bank of Baroda. All Rights Reserved Page | 47
 Key Strengths

Strong domestic presence through 9,482 branches & Well distributed branch network with 31% coverage in Rural,
13,193 ATMs and Cash Recyclers supported by 27% in Semi-urban, 23% Metro and 20% Urban
self-service channels

A well recognized brand in the Indian Banking Industry Global presence across 100 overseas offices spanning 21
with strong retail franchise countries

Subsidiaries and JVs cover the entire Financial Spectrum -

Insurance, Asset Management, Capital Markets Pioneer in many customer centric initiatives

Capital Adequacy Ratio of 13.30% which is above the

Customer base of ~131 million
regulatory requirements

Deep Financial Inclusion Coverage – 51.2 million accounts,

with a total deposits of INR 18,731 crore and average Committed Workforce of 84,283
balance of INR 3,658

Established on July 20, 1908, Bank of Baroda is a 112 year old Bank with 71.60% stake held by the Government of India.

© 2020 Bank of Baroda. All Rights Reserved Page | 48

 Pan India Presence
Domestic Branch Network ATM Network

9,444 9,449 9,470 9,482

2,973 2,930 2,932 2,934

5,546 5,553
2,509 2,523 2,524 2,525
1,843 1,845

1,541 1,546 1,850 1852 1858 1860

958 959
2,112 2144 2156 2163
1204 1,203

Dec-18 Mar'19 Jun' 19 Sep-19 Dec-19 Mar'20

Metro Urban Semi Urban Rural

Bank had 1,252 e-lobbies, with 24*7 facilities for cash withdrawal, cash
deposit, cheque deposit, passbook printing and internet banking, including
express e-lobbies as on 31st Mar 2020. *Total : 13,193 ATMs and Cash Recyclers

© 2020 Bank of Baroda. All Rights Reserved Page | 49

 International Presence spanning 101 overseas offices across
21 countries

Europe Operations
UK
Americas Operations Brussels GCC Operations
USA UAE East Asia & Far East Operations
Guyana DIFC Singapore
Trinidad & Tobago Oman IBU GIFT City
Africa Operations
Fiji
Uganda Australia
Kenya China
Botswana Hong Kong
Color Codes Tanzania
New Zealand
• Wholesale business South Africa Malaysia
• Full Banking Centres Mauritius
• Offshore Banking Units Seychelles
• Joint Venture Zambia
• Associate

 46 Branches/ offices in 14 countries (Including 1 off-shore International Banking Unit (IBU) at Gift city, Gandhinagar, Gujarat, India).
 8 Subsidiaries having 55 Branches; 1 Joint Venture, 1 Associate with 30 branches.
 Bank’s wholly owned subsidiary viz. Bank of Baroda (Botswana) Ltd. has opened a new branch at Palapye, Botswana on 16.03.2020.
 Bank is in final stage of sale of equity stake in its subsidiary Bank of Baroda (Trinidad & Tobago) Ltd. Page | 50
 Supply Chain Finance Accelerating Business
Momentum
Spokes Sanctioned (INR crore) Anchors Sanctioned (INR crore) Revenue (INR crore)
3107 27738 27739
2868 26488
24530 During Quarter 167
2503
Cumulative 135
1871 15515 16030
104
1621
1425 77
54
34 31 32
20 23 27
16

Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

SCF Outstanding (INR crore) Processing Charges Earned (INR lakh)

1473 1493 110
During year 101
1255
1169 Cumulative 81
1054
64
787

37
28 27
18 20
10 8 8

Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

© 2020 Bank of Baroda. All Rights Reserved Page | 51

 Baroda DigiNext Cash Management: Rapidly Increasing
Market-share
Fee Income (in crores) 140

Avg CASA+Dep (in '000 crores) 7.15

104
5.86
83
68 4.34 4.62
4.16
53
3.29
36 36
17 15 15 21
14

Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

During Quarter Cumulative Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

Transaction Value (in ‘000 crores) Number of Customers 2341

2100
During Quarter Cumulative
135
1738
1574
106
1342
86
72
59 742
39
29
15 20 20
13 14

Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20

• 120% MoM growth in fees to a record Rs. 13 crores in Mar’20. Total revenue for 2019-20 increased to Rs. 175 crores (2018-19: Rs. 115 crores) comprising treasury income of
Rs. 88 crores and fees of Rs. 87 crores.
• 61% growth in CASA to Rs. 1,859 crores. Liabilities including short-term deposits has grown to Rs 8,316 crores.
• 2,341 customers across CFS, PSU, Government departments and Emerging Corporates used Baroda DigiNext in 2019-20.
• Transaction processing run-rate of 5 crore transactions annually with cash-flows of over Rs.1.2 lakh crores.
• Dedicated sales structure being created for originating new opportunities and increasing the Bank’s market share in CFS relationships.

© 2020 Bank of Baroda. All Rights Reserved Page | 52

 Credit cards-Growing Momentum:
New Issuance & Spends
79,746
New cards issued Spends -by amount in 762

60,980 INR crore

57,434
48,480 49,273 512 518
465
40,145
380
332
251 266
22,638

9,306

Q1 FY 19 Q2 FY 19 Q3 FY 19 Q4 FY 19 Q1 FY 20 Q2 FY 20 Q3 FY 20 Q4 FY 20 Q1 FY 19 Q2 FY 19 Q3 FY 19 Q4 FY 19 Q1 FY 20 Q2 FY 20 Q3 FY 20 Q4 FY 20

• New cards issuance grew by 65% from Q4 FY 19 to Q4 FY 20

• Q4 FY 20 spends grew by more than 100% compared to Q4 FY
19
• As of Q4 FY 20, we continue to be the 10th largest issuer in terms
of incremental monthly Credit Card issuance

Key marketing partnerships

© 2020 Bank of Baroda. All Rights Reserved Page | 53

 Digitisation
Banking services through Digital gaining traction

On boarding continues to
41 Lakh show traction 34 Lakh 88%
User Onboarding

New users on digital platform

onboarded during Q4FY20 New users on boarded during April – May 2020 Eligible SB accounts opened through Tab
banking

Ranks Top 3 Amongst

Mobile Banking
8% Large Banks
16% App
ADC transactions

QoQ Growth in UPI transactions QoQ Growth in Mobile banking transactions

280% 118% 36%

Merchant onboarding
QoQ growth in UPI channel on QoQ growth BHIM Aadhar QoQ growth Internet Payment
boarding Gateway

© 2020 Bank of Baroda. All Rights Reserved Page | 54

 Digital Footprint
Digital Network
11613 22% 105%
POS/ECOM UPI Outward (F) txns
(YOY growth) (YOY growth)
1580
1196 540

ATM Cash Recycler E-lobbies (Incl

express E-
Active Debit
Card (in lac)
335% 48%
lobbies)
Txns
Recent Initiatives (YOY growth) Mobile Banking (F+NF)
• Waiver of Service charges for retail customer while (YOY growth)
doing transaction from Digital Banking Products In
light of the recent pandemic of COVID-19. Recent Product Suite
• Successful migration of eVB and eDB ATMs to BOB
SSPBP
switch.
• First in industry to implement QR code based fully
automatic self Service Pass book printer machines.
• Bank UPI is now integrated with our Banks Internet
Payment Gateway (IPG) BHIM Baroda
• Under “Digital Payment Corner” -185-Corporate Aadhaar Pay
Merchant on boarded on UPI platform till 31st
March 2020.
• Implementation of Baroda FASTag recharge
through BBPS (Bharat Bill Payment System)
• Bank went live with Mobile Prepaid Recharge/
Insurance facility with BillDesk (Non-BBPS) and
BBPS billers in BHIM Baroda Pay UPI application
F and NF stands for non financial and F- financial transactions Gift Card
© 2020 Bank of Baroda. All Rights Reserved Page | 55
 BOB’s Mobile Banking ranked amongst top 3 in Large Indian banks
Ranked 2 on Google Play Store among similar mobile banking apps
Ranking Based on Google Play Store Ranking Based on App
Ratings Store Ratings
Ranked 3 on Apple Store among similar mobile banking apps

Rating Size Downloads Rating Size (MB) Customer Reviews

(MB) (Million)
Axis Bank 4.7 47 10+ Axis Bank 4.6 68

BOB 4.45 27 11.43 ICICI Bank 4.4 239

ICICI Bank 4.4 165 10+ BOB 3.6 44

HDFC Bank 4.3 33 10+ Bank Of India 3.5 26

SBI 4.1 23 10+ Canara Bank 3.4 161

Canara Bank 4.1 48 5+ HDFC Bank 3.1 180

4.1 23 5+ SBI 2.8 34

Union Bank

4.1 13 5+ PNB 2.5 62

Bank Of India

Indian bank 4.1 25 5+ Indian bank 2.5 43

PNB 3.8 40 1+ Union Bank 2.3 52

App Rating is based on Bank’s Balance Sheet Size*

© 2020 Bank of Baroda. All Rights Reserved Page No || 56

Page 57
 COVID-19 impact on Verticals
Banking services –Verticals

Low App
Agriculture Relatively less impact of Covid-19 Gold ~Rs 18k crore Gold loan Agri Digital - Baroda Kisan App
disbursement

PSB Ranks highest in terms of CMR rated customer above Nil Delinquency in Supply Chain
77%
MSME 59 sanction, disbursement under score of 625+ Finance
online portal PSB59

Mortgages Security backed and % of On boarding of Low Exposure to under construction

80% 73%
Retail the LTV is 60-65% customers with CIBIL score of properties
760+

Corporate Of non NBFC corporate 57% Corporate Loans to A and 6.9% Share of exposure to severely
37%
exposure accounted for PSU above rated customers stressed sectors
Banking segment

© 2020 Bank of Baroda. All Rights Reserved Page | 57

 Human Resources
Banking services – HR services

Thermal Scanners, Hand gloves, Employees with disability/ All customers were provided with
sanitizers, face masks have been Visually Impaired employees hand sanitization facility upon
Safety Measures provided at all branches/ offices in have been exempted from entering the branches.
India. essential services.

Bank employees have contributed to Bank has contributed to CSR

PM cares with the Bank matching the activities for Covid-19 related
Community contribution. Besides, contributions activities
were made to State relief funds

Virtual training and skill upgrading carried Virtual paperless office for internal
continuously for Bank Staff communication
Operations and 22%
Staff deployment

Employees worked from home

© 2020 Bank of Baroda. All Rights Reserved Page | 58
 New Fintech Initiatives
FINTECH INNOVATION
Retail Start-up Banking
CENTRE

Dedicated Customized Bank of Baroda - IIT Bombay Fintech Innovation

On The Fly - Digital EMI Product Relationship
Start-Up Banking Managers Centre
Branches Products

Launched on 04.12.2019, in tie- BOB-IITB IC was inaugurated by Mr Sanjiv

up with Pine labs Pvt. Ltd.
Start-Up Product Suite Chadha, MD & CEO, Bank of Baroda and
Prof Subhasis Chaudhuri, Director, IIT
Bombay in the presence of Mr P. S.
Enable pre-approved customers Jayakumar, Ex MD & CEO, Bank of Baroda,
for transactions from Rs. 5,000/- Padma Shri Mohandas Pai, Padma Shri
to Rs. 50,000/- into easy EMIs. Current Start-Up Credit Payment Corp. Salary Deepak Pathak and top management of
Account Finance Card Gateway A/c
Bank of Baroda during the Entrepreneurship
Summit, 2020.
Brands: 140
Alliance Partners
100 Ideas Programme
Cashback: 2% - 16%
1st of its 100 Idea
kind FIN + Programm Pre It enables people with ideas having high
TECH e transformational potential, to turn their idea into a
collaboratio Incubatio minimum viable product (MVP)
n n
Accounts opened: 1250+
Achievements Robust
Incubatio The program enables onboarded start ups turn
their MVP into a successful venture with a strong
Prime
location
Governanc n market ready business plan that could potentially
e Model
generate revenue
To tap 5% market share in Start-ups Corp salary Start up Start up
Consumer Durable Finance (Rs connected Accounts Accounts Events Accelerat It enables onboarded start ups to scale up their
business so as to be high growth companies with
2,500 Cr) or strong go to market strategy
Financial Illustrative
Asistance Use Cases
1500+ 275+ 500+ 50+ R&D Professors and fellows from IIT B pursue critical
research and development projects on themes/
Projects use cases that BOB would like to invest in.

©
© 2020
2020 Bank
Bank of
of Baroda.
Baroda. All
All Rights
Rights Reserved
Reserved. Page | 59
 Key Updates – Shared Services
BGSS lent support to Bank’s efforts to sustain banking operations during lockdown to ensure business continuity without any adverse
impact while taking all required precautions.

Uninterrupted digital operations were ensured by maintaining ATM uptime higher than 88% and initiated cross selling of agri products

Centralisation of processes has led to release of 850+ staff, resulting in redeployment to customer focused services at front end. This has
led to cost saving of Rs 150 crore and cross sales of Rs 650 crore+ till date.

Priority Desk set up to provide specific services to segmented customers. Also, establishment of corporate care for wholesale customers
bridged the gap between the customers and Bank, thus provide real time support to customers and branches.

70% of processes for the amalgamated entity have been centralized.

In addition to reskilling and upskilling, internal staff reassigned to new projects like CKYC, complaint management and new migrations.

CKYC remediation for the Bank undertaken; clearing of ~ 10,000 cases on daily basis to address the pendency within aggressive timelines.

Aadhar Enrolment centres at branches managed through automated platform to provide better services centrally.

© 2020 Bank of Baroda. All Rights Reserved.

Reserved Page | 60
 Social Media Footprints

Facebook Twitter YouTube

01.01.2016 01.01.2016 01.04.2016

15 Lac + 1,05,000+ 46,000+

Followers Followers Subscribers

Instagram LinkedIn

20.07.2017 01.01.2018

1,31,000+ 83,700+
Followers Followers Data as on 20.05.2020

© 2020 Bank of Baroda. All Rights Reserved Page | 61

 Consolidated Financials
© 2020 Bank of Baroda. All Rights Reserved Page | 62
 Subsidiaries, Joint Ventures and Associates

Net Profit of Domestic Subsidiaries, Joint Ventures and

Associates (Rs crore) Net Profit of International Subsidiaries, Joint Ventures and
Associates
Subsidiaries FY18 FY19 FY20
BOB Financial Solutions 15.41 4.06 (31.53)
Limited Subsidiaries FY19 FY20
BOB Capital Markets (2.27) (2.92) (0.80)
Limited Bank of Baroda (UGANDA) 148.47 81.98
Baroda Global Shared 0.58 1.50 4.00
Services Limited
Bank of Baroda (KENYA) 271.34 282.31
Baroda Sun Technologies - (0.0096) (0.09)
Limited.
Baroda Asset Management 3.17 4.87 0.85 Bank of Baroda (BOTSWANA) 20.61 37.08
India Limited
Baroda Trustee India 0.01 0.01 0.01 Bank of Baroda (NEW ZEALAND) 4.31 4.70
Private Limited
Nainital Bank Limited 48.89 26.88 (68.07) Bank of Baroda (GHANA) 39.44 0.00
Joint Ventures
India First Life Insurance 51.20 61.57 (97.42) Bank of Baroda (GUYANA) 6.33 5.49
Company Limited
India Infradebt Limited 132.48 189.89 259.05 Bank Of Baroda (UK) -4.82 34.36
Regional Rural
Banks Bank of Baroda (TANZANIA) 6.93 3.97
208.61 210.49 174.77

© 2020 Bank of Baroda. All Rights Reserved Page | 63

 Performance of Subsidiaries, Joint Ventures and Associates

Baroda Global Shared Services Limited Baroda Asset Management India Limited

• Centralisation of back office services • Average AUM for FY 2020 at Rs.10,676 crore
• Value added services like center of excellence for • Equity AUM grew by 30% YoY
Trade & Forex operations • Merger Implementation with BNP Paribas Asset
• Releasing 60-70% capacity at branches Management Asia in progress

India First Life Insurance Company Limited BOB Financial Solutions Limited

• Ranked 12th in Individual New Business APE • Active card base of 4.53 lakh as of Mar’2020
• AUM at Rs.14,723 Crores for FY 2020. • Ranked 10th in terms of net monthly addition
• Certified as a Great Place to Work (GPTW) by of credit cards for FY 2020
GPTW BFSI Survey • Retail spends grew by more than 80% YoY

India Infradebt Limited International Subsidiaries

• AAA rated NBFC by leading CRAs • Deposits at Rs 24,183 crore as of Mar’2020

• Loan book at Rs.11,564 crore as on Mar’ 2020 • Advances at Rs 9,406 crore as of Mar’ 2020
• Net profit at Rs.259 crore for FY2020 • Net Profit at Rs 450 crore as of Mar’2020

© 2020 Bank of Baroda. All Rights Reserved Page | 64

 Balance Sheet – Consolidated

Particulars
Mar ’19 Dec ’19 Mar ’20
(INR crore)
CAPITAL & LIABILITIES
Capital 530 925 925
Share Application Money Pending Allotment 0
Reserves & Surplus 48,646 74,481 75,179
Minority Interest 331 361 386
Deposits 6,36,766 9,23,426 9,73,228
Borrowings 70,401 93,310 95,753
Other Liabilities & Provisions 31,222 44,254 54,471

TOTAL 7,87,896 11,36,758 11,99,942

ASSETS
Cash and Balances with RBI 26,271 38,173 34,245
Balances with Banks 64,876 85,598 96,760
Investments 1,96,880 2,80,945 2,89,727
Loans & Advances 4,64,203 6,69,639 7,06,540
Fixed Assets 5,449 9,369 9,044
Other Assets 29,993 52,810 63,403
Goodwill on Consolidation 224 224 224

TOTAL 7,87,896 11,36,758 11,99,942

© 2020 Bank of Baroda. All Rights Reserved Page | 65
 Profit & Loss – Consolidated

Particulars
FY19 FY20
(INR crore)

Interest Income 52,906 78,895

Non Interest Income 7,887 12,191

Total Income 6,07,93 9,10,86

Operating Expenses 12,769 2,05,76

Operating Profit 15,518 20470

Provisions 14,432 1,95,28

Profit after Tax 1,087 927

EPS (INR) 4.16 1.74

© 2020 Bank of Baroda. All Rights Reserved Page | 66

 Capital Adequacy - Consolidated

Key ratios (Consolidated) Mar’19 Dec’19 Mar’20

Common Equity Tier I Capital (CET 1) (INR crore) 42,026 62,468 63318

Tier I (INR crore) 47,035 71,715 71009

Tier II (INR crore) 7,446 11,808 15966

Total Capital (INR crore) 54,481 83,523 86975

CET 1 Ratio (%) 9.74% 10.45% 10.10%

Tier I Ratio (%) 10.90% 12.00% 11.32%

Tier II Ratio (%) 1.72% 1.98% 2.55%

Capital Adequacy Ratio (%)- Basel-III 12.62% 13.98% 13.87%

© 2020 Bank of Baroda. All Rights Reserved Page | 67

Awards and Accolades (1/2)

The Research Team of Baroda Apex Academy Bank was awarded with IPE award for "BEST
presented a paper on the theme 'Technological PRACTICES IN CSR AWARDS-2020" for LIVELIHOOD
Development in Banking and Payment INITIATIVE. Award was received by Shri P.Srinivas,
Systems' and bagged 3rd Prize in Technology Zonal Head, Hyderabad
Category at the 5th International Youth
Symposium organized by Gujarat University

© 2020 Bank of Baroda. All Rights Reserved Page | 68

 Awards and Accolades (2/2)

Bank has three awards at Indian Banks’ Association (IBA) Banking Technology
Conference, Expo and Awards 2020, held at Hotel Trident, Mumbai.

1. Best Technology Bank of the Year - Large Bank - Runner Up

2. Best Payments Initiatives Amongst Public Sector Banks -Runner Up
3. The Most Customer Centric Bank using Technology - Large Bank -Joint Runner Up

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Thank You

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