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Bank Of Baroda
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-18.5 Market Cap (Rs Cr)
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Inside: Bank of Baroda
About The Company
Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
What The Company Does
Bank of Baroda is engaged in personal, business, corporate, International, treasury and rural banking activities. Bank of Baroda has an extensive network of 3467 branches.
Personal Banking
Deposits, Loans, Credit/Debit Cards
Treasury
Domestic and Forex operations
Business
Services, Lockers
Corporate
Wholesale Banking, Services
International Banking
NRI Services, Foreign Currency Credits, ECB
Achievements / Milestones
2009: Four Awards of ABCI (Association of Business Communicators of India)
2011: Financial Inclusion Award 2011 by Skoch Consultancy Services Pvt. Ltd.
2010: Silver Award by Dainik Bhaskar group (DNA) under its Annual India Pride Award 2010
2010: Best Bank 2010 award by the financial magazine, Business India
Year Of Incorporation
1908
On 20th July 1908, under the Companies Act of 1897, and with a paid up capital of Rs 10 Lacs started the legend that has now translated into a strong, trustworthy financial body, THE BANK OF BARODA.
Board of Directors
Alok Nigam
Director
Vinil Kumar Saxena
Director
Surendra Singh Bhandari
Director
Satya Dev Tripathi
Director
Rajib Sekhar Sahoo
Director
Maulin A Vaishnav
Director
Sudarshan Sen
Director
V B Chavan
Director
P Srinivas
Executive Director
Sudhir Kumar Jain
Executive Director
Ranjan Dhawan
Executive Director
S S Mundra
Chairman & Managing Director
Interview: Inside companies: Why BoB succeeds where others fail
Saikat Das
Moneycontrol.com
Bank of Baroda has been the best performing stock among top tier public sector banks and even a couple of high quality private names, over the last one year. The stock has declined around 12%, but that is much lower than the 17-34% slide suffered by most of its rivals. During the same period, Bank Nifty—the benchmark for banks—fell around 15%.
The BoB stock’s outperformance could largely be attributed to the bank’s ability to maintain its asset quality and margins even in a rising interest rate scenario.
“We fix challenging credit growth targets and not placid ones for ourselves,” R K Bakshi, executive director, Bank of Baroda told Moneycontrol.com in an exclusive interview.
During April-June quarter, the bank’s total loan book grew more than 25% to Rs 232,340 crore. The Reserve Bank of India (RBI) has projected a credit growth of 18% in FY12 as against 20% a year back.
“We have been growing higher than the industry. In FY11, we achieved 28% credit growth. This year, we have set a target of 24% credit growth. So far, we have not revised it despite recent macro events both globally and locally. However, we might take a call after September,” Bakshi said.
When interest rates rise, the number of loan defaulters too tends to rise. However, BoB has managed to keep its net non-performing asset read more
Compare Bank of Baroda With Peers
| Bank of Baroda | 29673.72 | 5006.96 | 367036.77 |
| Bank of India | 28480.67 | 2677.52 | 331073.87 |
| Canara Bank | 30850.62 | 3282.71 | 333174.66 |
| IDBI Bank | 23369.93 | 1894.34 | 263422.94 |
| PNB | 36428.03 | 4884.20 | 409962.68 |
| SBI | 106521.45 | 11686.01 | 1123582.64 |
| Union Bank | 21144.28 | 1787.14 | 236987.49 |
Expert Views & Broker Reports
In The News
13.05.2013
Videos
09.05.2013
18.04.2013
Key Stats
Market Cap
(Rs Cr.):
(Rs Cr.):
29365.16
EPS-TTM(Rs):
106.05
P/E Ratio(x):
6.55
Face Value (Rs):
10.00
Latest Div(%):
170.00%
Div.Yield(%)
2.45
Book Value/sh.(Rs):
650.55
P/C:
6.55
Key Financials
Mar '13
Dec '12
Sales Turnover
9,071.57
8,844.92
Total Income
10,262.50
9,685.51
Total Expenses
3,421.28
2,454.82
Operating Profit
5,650.29
6,390.10
Gross Profit
6,841.22
7,230.69
Net Profit
1,028.85
1,011.62
Dividend (%)
--
--
Earnings Per Share
24.35
24.53
Ratios
| Mar '12 | Mar '11 |
Investment Valuation Ratios
| Face Value | 10.00 | 10.00 |
| Dividend Per Share | 17.00 | 16.50 |
| Operating Profit Per Share (Rs) | 150.18 | 137.25 |
| Net Operating Profit Per Share (Rs) | 777.91 | 610.00 |
| Free Reserves Per Share (Rs) | 154.03 | 120.23 |
| Bonus in Equity Capital | -- | -- |
Profitability Ratios
| Interest Spread | 4.73 | 4.60 |
| Adjusted Cash Margin(%) | 16.07 | 18.16 |
| Net Profit Margin | 15.23 | 17.18 |
| Return on Long Term Fund(%) | 92.37 | 89.23 |
| Return on Net Worth(%) | 18.22 | 20.20 |
| Adjusted Return on Net Worth(%) | 18.21 | 20.20 |
| Return on Assets Excluding Revaluations | 668.34 | 536.16 |
| Return on Assets Including Revaluations | 668.34 | 536.16 |
Management Efficiency Ratios
| Interest Income / Total Funds | 7.94 | 7.50 |
| Net Interest Income / Total Funds | 3.13 | 3.39 |
| Non Interest Income / Total Funds | 0.22 | 0.25 |
| Interest Expended / Total Funds | 4.80 | 4.11 |
| Operating Expense / Total Funds | 1.60 | 1.70 |
| Profit Before Provisions / Total Funds | 1.68 | 1.86 |
| Net Profit / Total Funds | 1.24 | 1.33 |
| Loans Turnover | 0.12 | 0.12 |
| Total Income / Capital Employed(%) | 8.16 | 7.75 |
| Interest Expended / Capital Employed(%) | 4.80 | 4.11 |
| Total Assets Turnover Ratios | 0.08 | 0.08 |
| Asset Turnover Ratio | 0.08 | 0.08 |
Profit And Loss Account Ratios
| Interest Expended / Interest Earned | 65.23 | 59.78 |
| Other Income / Total Income | 2.67 | 3.25 |
| Operating Expense / Total Income | 19.63 | 21.98 |
| Selling Distribution Cost Composition | 0.18 | 0.24 |
Balance Sheet Ratios
| Capital Adequacy Ratio | 14.67 | 14.52 |
| Advances / Loans Funds(%) | 78.07 | 78.56 |
Debt Coverage Ratios
| Credit Deposit Ratio | 74.76 | 73.87 |
| Investment Deposit Ratio | 22.38 | 24.24 |
| Cash Deposit Ratio | 6.01 | 6.11 |
| Total Debt to Owners Fund | 14.01 | 14.55 |
| Financial Charges Coverage Ratio | 0.36 | 0.47 |
| Financial Charges Coverage Ratio Post Tax | 1.27 | 1.34 |
Leverage Ratios
| Current Ratio | 0.03 | 0.02 |
| Quick Ratio | 28.00 | 26.38 |
Cash Flow Indicator Ratios
| Dividend Payout Ratio Net Profit | 16.22 | 17.76 |
| Dividend Payout Ratio Cash Profit | 15.37 | 16.79 |
| Earning Retention Ratio | 83.78 | 82.25 |
| Cash Earning Retention Ratio | 84.63 | 83.21 |
| AdjustedCash Flow Times | 72.85 | 68.10 |
Balance Sheet
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
Capital and Liabilities:
| Total Share Capital | 412.38 | 392.81 |
| Equity Share Capital | 412.38 | 392.81 |
| Share Application Money | 0.00 | 0.00 |
| Preference Share Capital | 0.00 | 0.00 |
| Reserves | 27,064.47 | 20,600.30 |
| Revaluation Reserves | 0.00 | 0.00 |
| Net Worth | 27,476.85 | 20,993.11 |
| Deposits | 384,871.11 | 305,439.48 |
| Borrowings | 23,573.05 | 22,307.85 |
| Total Debt | 408,444.16 | 327,747.33 |
| Other Liabilities & Provisions | 11,400.46 | 9,656.73 |
| Total Liabilities | 447,321.47 | 358,397.17 |
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
Assets
| Cash & Balances with RBI | 21,651.46 | 19,868.18 |
| Balance with Banks, Money at Call | 42,517.08 | 30,065.89 |
| Advances | 287,377.29 | 228,676.36 |
| Investments | 83,209.40 | 71,260.63 |
| Gross Block | 4,921.59 | 4,548.16 |
| Accumulated Depreciation | 2,580.09 | 2,248.44 |
| Net Block | 2,341.50 | 2,299.72 |
| Capital Work In Progress | 0.00 | 0.00 |
| Other Assets | 10,224.73 | 6,226.40 |
| Total Assets | 447,321.46 | 358,397.18 |
| Contingent Liabilities | 134,552.25 | 112,272.64 |
| Bills for collection | 40,717.28 | 33,735.67 |
| Book Value (Rs) | 668.34 | 536.16 |
Cash Flows
| Mar '12 | Mar '11 |
| 12 mths | 12 mths |
| Net Profit Before Tax | 6025.80 | 5650.32 |
| Net Cash From Operating Activities | 14406.50 | 11778.81 |
| Net Cash (used in)/from Investing Activities |
-337.38 | -489.76 |
| Net Cash (used in)/from Financing Activities | 165.35 | 3177.96 |
| Net (decrease)/increase In Cash and Cash Equivalents | 14234.47 | 14467.01 |
| Opening Cash & Cash Equivalents | 49934.07 | 35467.06 |
| Closing Cash & Cash Equivalents | 64168.54 | 49934.07 |
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