PROJECT ON

BANKING REGULATION &

ANNUAL
REPORT BANK OF
BARODA

M.COM. SEMISTER - I

SUBMITTED TO UNIVERSITY OF
MUMBAI

PREPARED BY LAXMI S. JAISWAR

ROLL NO

14

UNDER THE GUIDENCE OF PROF.

TARUNA MAKHIJA

J. WATUMUL
GIRLS COLLEGE

SADHUBELLA

ACADEMIC YEAR - 2015 2016

Declaration
I, LAXMI JAISWAR student of J.W.SADHUBELLA GIRLS
COLLEGE, M.Com1(Semester-1) hereby declare that I have completed
this project on BANK OF BARODA in the academic year 20152016.
The information submitted is true &original to the best of my
knowledge....

Student Signature
(LAXMI JAISWAR)

CERTIFICATE

I , PROF. TARUNA MAKHIJA here by certify that LAXMI

JAISWAR of M.COM PART-1. Master of commerce of J.W.
SADHUBELLA GIRLS COLLEGE. Ulhasnagar-421001 has
completed the project entitled BANK OF BARODA for the
Academic Year 2015-16 under my guidance.
The information submitted is true and original to the best of
my knowledge.

PROF. TARUNA MAKHIJA

Signature

WATUMULL SADHUBELLA GIRLS COLLEGE

UNIVERSITY OF MUMBAI

CERTIFICATE
This is to certify that LAXMI JAISWAR Master of
commerce (semester 1 ) for the academic year
2015 - 2016 has completed the project on BANK
OF BARODA under the guidance of
PROF.TARUNA MAKHIJA .

PROF. TARUNA MAKHIJA

MENGHANI

PROF. KIRAN

(Project Guide)
(Co-ordinator)

PROF. R.H. SURYRAO

(Principle)

(External examiner)

ACKNOWLEDGEMENT

I take this opportunity to present a sense

of
gratitude towards my project PROF. TARUNA
MAKHIJA for her excellent guidance and letting me know
about project name and its need in today world . Her
understanding and personal guidance have provided a good basis
for this project.

I would also like to thank college authorities, our principal

and coordinator guide for authorizing my project.

METHODOLOGY
The project is a theoretical as well as
knowledge.
Also it can contain ideas and information imparted
by the project guide.

Secondary data :-

The secondary data required for the project was

collected from various kinds of website the name of
which are mentioned in
bibliography.

PROJECT NAME

OBJECTIVE OF THE PROJECT

Banks are the Financial Institution which satisfies
the individual & group goals with proper systems of
rules, regulations, policies, services, procedures&
strategies. To achieve the goals and objectives the
main component of the banks are the customers
.Banks are the diversified financial services
company that provide a range of services to
customer including retail banking, venture capital,
private equity, working capital finance etc .The aim
of the banks is to provide state-of-the-art, low cost
and efficient banking services, with a focus on

increasing fee-based income. New innovative

products are been offered, even a small investor is
able to investing such products .Indias financial
services sector is expected enjoy generally strong
growth during coming years, driven by rising
personal incomes, financial sector liberalization
and the growth of a more consumer oriented,
credit-oriented culture. This is expected to lead to
increasing demand for financial products, including
consumer loans as well as investment products.

INDEX
SR.
NO.

PARTICULAR

1.

WHAT IS BANKING COMPANY

INTRODUCTION OF BANK OF
BARODA
AIMS AND OBJECTIVES OF BANK
OF BARODA
FUNCTION OF BANK OF BARODA

5.

FEATURES OF BANK OF BARODA

3.

PAGE
NO.

6.

HISTORY OF BANK OF BARODA

7.

SUBSIDIARIES

8.

ANNUAL REPORT OF BANK OF

BARODA BALANCESHEET AND
PROFIT & LOSS
SUGGESTION

9.
1O.

CONCLUSION

11.

BIBLOGRAPHY & WEBLOGRAPHY

WHAT IS BANKING COMPANY

In simple words, Banking can be defined as the business
activity of accepting and safeguarding money owned by
other individuals and entities, and then lending out this
money in order to earn a profit. However, with the
passage of time, the activities covered by banking
business have widened and now various other services
are also offered by banks. The banking services these
days include issuance of debit and credit cards, providing
safe custody of valuable items, lockers, ATM services and
online transfer of funds across the country / world.

It is well said that banking plays a silent, yet crucial part

in our day-to-day lives. The banks perform financial
intermediation by pooling savings and channelizing them
into investments through maturity and risk
transformations, thereby keeping the economys growth
engine revving.
Banking business has done wonders for the world
economy. The simple looking method of accepting money
deposits from savers and then lending the same money
to borrowers, banking activity encourages the flow of
money to productive use and investments. This in turn
allows the economy to grow. In the absence of banking
business, savings would sit idle in our homes, the
entrepreneurs would not be in a position to raise the
money, ordinary people dreaming for a new car or house
would not be able to purchase cars or houses.

DEFINATION OF BANKING COMPANY

As per Section 5(c) of the Banking Regulation Act,

1949 a "Banking Company" means any company
which transacts the business of banking in India.

As per Section 5(b) of the Banking Regulation Act,

1949 , "banking" means the accepting, for the

purpose of lending or investment, of deposits of

money from the public, repayable on demand or
otherwise, and withdrawals by cheque, draft, order
or otherwise.

As per Section 5(d) of the Banking Regulation Act,

1949 , "company" means any company as defined
in Section 3 of the Companies Act, 1956 and
includes a foreign company within the meaning of
Section 591 of that Act.

INTRODUCTION OF BANK OF BARODA

Bank of Baroda is one of the most prominent banks in

India, having its total assets as Rs. 1, 43,146 Crores as on
31st of March 2007. The bank was founded by Maharaja

Saionji rao Gaikwad III as the then Maharaja of Baroda on

20th of July 1908 with a paid capital of Rs. 10 Lacks .
From its introduction in a small building of Baroda, the
bank has come a long way to achieve its current position
as one of the most important banks in India. On 19th of
July 1969, Bank of Baroda was nationalized by the
Government of India along with 13 other commercial
banks .
The bank offers a wide array of customized and
specialized services to meet the diverse needs of its
customers, and these services have been categorized
into Personal Banking, Business Banking, Corporate
Banking, International Banking, Treasury Banking and
Rural Banking service.

DEFINITION & MEANING OF BANK

DEFINITION:

A financial institution that is licensed to deal with money

and its substitutes by accepting time and demand
deposits, making loans, investing insecurities. The bank
generates profits from the difference in the interest rates
charged and paid.

MEANING
A bank is a financial institution licensed by a government.
Its primary activities include borrowing and lending
money. Many other financial activities were allowed over
time. For example, banks are important Player sin
financial markets and offer financial services such as
investment funds.
In some countries such as Germany, banks have
historically owned major stakes in industrial corporations
while in other countries such as the United States banks
are prohibited from owning non-financial companies. In
Japan, banks are usually the nexus of a cross-share
holding entity known as the zaibatsu.
In France, banc assurance is prevalent, as most banks
offer insurance services (and now real estate services) to
their cline.

AIM & OBJECTIVES OF BANK OF BARODA

 To identify, orient, motivate, train youth and impart

them the knowledge and skill for taking up self
employment ventures.
To develop attitude for working in rural areas, in rural
development projects.
To assist trained youth in self employment as far as
possible, in obtaining credit from bank / other
financial institution, and to assist them in
successfully setting up their own ventures.
To conduct various training programmers (either
independent or in collaboration with other
organization) connected with rural technology, rural
development and entrepreneurship development.
To provide counseling and consultancy guidance with
all possible help to the youth in the field of Self
Employment and Rural Development.
Work for development of villagers and quality of life
in rural areas.

PROGRESS IN SETTING UP OF BSVS (BARODARSETI) UNITS:

Bank has embarked upon ambitious programmers
of setting up of BSVS (R-SETI) centres across the

country with a focus on expanding its network in

our lead districts.
The BSVS trust founded in 2003 by our Bank for
promoting Rural Entrepreneurship has now
branched out to 49 BSVS centres with pan India
coverage in 7 states of which -16- are in
Uttarpradesh, -2- in Uttrakhand, -12- in Rajasthan,
-14- in Gujarat, -2- in Madhya Pradesh, -2- in Bihar
and -1- in Maharashtra state.
Our Ajmer (Rajasthan) R-SETI is dedicated
exclusively for training women beneficiaries, and
managed by women Director.

ELIGIBILITY CRITERIA FOR TRAINING

PROGRAMMES:

Any unemployed youth in the age group of 18-45 years,

irrespective of caste, creed, religion, gender and
economic status, having aptitude to take up self
employment or wage employment and having some basic
knowledge in the related field can undergo training which
is totally free.

IMPORTANT TRAINING PROGRAMMES CONDUCTED:

So far our BSVS centers have organized trainings in more

than 65 activities. Some of the major activities are:

Dairy Development
Tailoring
Inverter Manufacturing and Repairing
Colored TV & DVD repairing
Refrigerator repairing
Photography & Videographer
2- wheeler repairing
Mushroom Production
Print & Paint Application
EDP for Ex-Servicemen
Beauty Parlor Management
SHG Bank Linkage
Soft Toys and Decorative Items Making
Food Processing Techniques
Medicinal & Aromatic Plants
Mobile Repairing

FUNCTION OF BANK OF BARODA

The two most distinctive features of a commercial bank

are borrowing and lending, i.e., acceptance of deposits
and lending of money to projects to earn Interest (profit).
In short, banks borrow to lend. The rate of interest offered
by the banks to depositors is called the borrowing rate
while the rate at which banks lend out is called lending
rate.
The difference between the rates is called spread which
is appropriated by the banks. Mind, all financial
institutions are not commercial banks because only those
which perform dual functions of (i) accepting deposits and
(ii) giving loans are termed as commercial banks. For
example post offices are not bank because they do not
give loans. Functions of commercial banks are classified

in to two main categories(A) Primary functions and (B)

Secondary functions.

(A) Primary Functions:

1.

It accepts deposits:

A commercial bank accepts deposits in the form of

current, savings and fixed deposits. It collects the surplus
balances of the Individuals, firms and finances the
temporary needs of commercial transactions. The first
task is, therefore, the collection of the savings of the
public. The bank does this by accepting deposits from its
customers. Deposits are the lifeline of banks.

Deposits are of three types as under:

(i) Current account deposits:
Such deposits are payable on demand and are, therefore,
called demand deposits. These can be withdrawn by the
depositors any number of times depending upon the
balance in the account. The bank does not pay any
Interest on these deposits but provides cheque facilities.
These accounts are generally maintained by businessmen
and Industrialists who receive and make business
payments of large amounts through cheques.

(ii) Fixed deposits (Time deposits):

Fixed deposits have a fixed period of maturity and are
referred to as time deposits. These are deposits for a
fixed term, i.e., period of time ranging from a few days to
a few years. These are neither payable on demand nor
they enjoy cheque facilities. They can be withdrawn only
after the maturity of the specified fixed period. They carry
higher rate of interest. They are not treated as a part of
money supply Recurring deposit in which a regular
deposit of an agreed sum is made is also a variant of
fixed deposits.

(iii) Savings account deposits:

These are deposits whose main objective is to save.
Savings account is most suitable for individual
households. They combine the features of both current
account and fixed deposits. They are payable on demand
and also withdraw able by cheque. But bank gives this
facility with some restrictions, e.g., a bank may allow four
or five cheques in a month. Interest paid on savings
account deposits in lesser than that of fixed deposit.
Difference between demand deposits and time
(term) deposits:

Two traditional forms of deposits are demand

deposit and term (or time) deposit:

(i) Deposits which can be withdrawn on demand by

depositors are called demand deposits, e.g., current
account deposits are called demand deposits because
they are payable on demand but saving account deposits
do not qualify because of certain conditions on
withdrawal. No interest is paid on them. Term deposits,
also called time deposits, are deposits which are payable
only after the expiry of the specified period.

(ii) Demand deposits do not carry interest whereas time

deposits carry a fixed rate of interest.
(iii) Demand deposits are highly liquid whereas time
deposits are less liquid,
(iv) Demand deposits are chequable deposits whereas
time deposits are not.

2. It gives loans and advances:

The second major function of a commercial bank is to
give loans and advances particularly to businessmen and
entrepreneurs and thereby earn interest. This is, in fact,
the main source of income of the bank. A bank keeps a

certain portion of the deposits with itself as reserve and

gives (lends) the balance to the borrowers as loans and
advances in the form of cash credit, demand loans, shortrun loans, overdraft as explained under.

(i) Cash Credit:

An eligible borrower is first sanctioned a credit limit and
within that limit he is allowed to withdraw a certain
amount on a given security. The withdrawing power
depends upon the borrowers current assets, the stock
statement of which is submitted by him to the bank as
the basis of security. Interest is charged by the bank on
the drawn or utilized portion of credit (loan).

(ii) Demand Loans:

A loan which can be recalled on demand is called demand
loan. There is no stated maturity. The entire loan amount
is paid in lump sum by crediting it to the loan account of
the borrower. Those like security brokers whose credit
needs fluctuate generally, take such loans on personal
security and financial assets.

(iii) Short-term Loans:

Short-term loans are given against some security as
personal loans to finance working capital or as priority

sector advances. The entire amount is repaid either in

one installments or in a number of installments over the
period of loan.

Investment:
Commercial banks invest their surplus fund in 3 types of
securities:
(i) Government securities, (ii) Other approved securities
and (iii) Other securities. Banks earn interest on these
securities.

(B) Secondary Functions:

Apart from the above-mentioned two primary (major)
functions, commercial banks perform the following
secondary functions also.

Discounting bills of exchange or bundles:

A bill of exchange represents a promise to pay a fixed
amount of money at a specific point of time in future. It
can also be enchased earlier through discounting process
of a commercial bank. Alternatively, a bill of exchange is
a document acknowledging an amount of money owed in

consideration of goods received. It is a paper asset signed

by the debtor and the creditor for a fixed amount payable
on a fixed date. It works like this.
Suppose, A buys goods from B, he may not pay B
immediately but instead give B a bill of exchange stating
the amount of money owed and the time when A will
settle the debt. Suppose, B wants the money
immediately, he will present the bill of exchange to the
bank for discounting. The bank will deduct the
commission and pay to B the present value of the bill.
When the bill matures after specified period, the bank will
get payment from A.

Overdraft facility:
An overdraft is an advance given by allowing a customer
keeping current account to overdraw his current account
up to an agreed limit. It is a facility to a depositor for
overdrawing the amount than the balance amount in his
account. In other words, depositors of current account
make arrangement with the banks that in case a cheque
has been drawn by them which are not covered by the
deposit, then the bank should grant overdraft and honor
the cheque. The security for overdraft is generally
financial assets like shares, debentures, life insurance
policies of the account holder, etc.

Difference between Overdraft facility and Loan:

Overdraft is made without security in current account

but loans are given against security.
In the case of loan, the borrower has to pay interest
on full amount sanctioned but in the case of
overdraft, the borrower is given the facility of
borrowing only as much as he requires.
Whereas the borrower of loan pays Interest on
amount outstanding against him but customer of
overdraft pays interest on the daily balance.

Agency functions of the bank:

The bank acts as an agent of its customers and gets
commission for performing agency functions as under:

(i) Transfer of funds:

It provides facility for cheap and easy remittance of funds
from place-to-place through demand drafts, mail
transfers, telegraphic transfers, etc.

(ii) Collection of funds:

It collects funds through cheques, bills, bundles and
demand drafts on behalf of its customers.

(iii) Payments of various items:

It makes payment of taxes. Insurance premium, bills, etc.
as per the directions of its customers.

(iv) Purchase and sale of shares and

securities:
It buys sells and keeps in safe custody securities and
shares on behalf of its customers.

(v) Collection of dividends, interest on shares and

debentures is made on behalf of its customers.

(vi) Acts as Trustee and Executor of property of its

customers on advice of its customers.

(vii) Letters of References:

It gives information about economic position of its
customers to traders and provides similar information
about other traders to its customers.

Performing general utility services:

The banks provide many general utility services, some of

which are as under:

(i) Travelers cheques .The banks issue travelers

cheques and gift cheques.

(ii) Locker facility. The customers can keep their

ornaments and important documents in lockers for safe
custody.

(iii) Underwriting securities issued by government, public

or private bodies.

(iv) Purchase and sale of foreign exchange (currency)

FEATURES OF BANK OF BARODA

Education Loan :
Baroda Gina An education loan product specially
designed for students pursuing Graduation, Post Graduation, Professional & Other courses.

Car Loan:
In today's fast paced world, a vehicle is but a necessity.
Whether as a comfortable and dependable means of
transport or as a status symbol in Loan.

Loan Against Property :

Bank of Baroda brings to you an innovative combination

of a loan and over draft facility with flexible repayment
options against the security of other property.

Personal Loan :
Bank of Baroda Personal Loan helps you take care of all
kinds of expenses at a short notice .The Loan may be
availed to meet expenses related to personal loan.

Business Loan :
Baroda Traders Loan facility enables individuals,
proprietorships, bodies such as partnership firms and coop societies to avail of working...

Home Loan :
Bank of Baroda offers following benefits with home loan
to be availed by you: & bull; Free Property and Personal
Accident Insurance (available for home loan.

HISTORY OF BANK OF BARODA

Bank of Baroda
Banking Company
Bank of Baroda is an Indian state-owned banking and
financial services company headquartered in Vadodara in
Gujarat, India. Wikipedia
Stock price:
-0.65 (-0.35%)

BANKBARODA (NSE) Rs. 185.70

8 Oct, 3:47 PM IST Disclaimer

Customer service:

1800 102 4455

CEO:

Ranjan Dhawan

Headquarters:

Mumbai

Founder:

Sayajirao Gaekwad III

Founded:

July 20, 1908

Owners:

Government of India

1990s
1990: BOB opened an OBU in Mauritius, but closed its
representative office in Sydney.
1991: BOB took over the London branches of Union
Bank of India and Punjab & Sind Bank (P&S). P&Ss
branch had been established before 1970 and Union
Banks after 1980. The Reserve Bank of India ordered
the takeover of the two following the banks'
involvement in the Sethia fraud in 1987 and
subsequent losses.

1992 BOB incorporated its operations in Kenya into a

local subsidiary with a small tranche of shares
quoted on the Nairobi Stock Exchange.
1993: BOB closed its OBU in Bahrain.
1996: BOB Bank entered the capital market in
December with an Initial Public Offering (IPO). The
Government of India is still the largest shareholder,
owning 66% of the bank's equity.
1997: BOB opened a branch in Durban.

 1998: BOB bought out its partners in IUB

International Finance in Hong Kong. Apparently this
was a response to regulatory changes following Hong
Kongs reversion to the Peoples Republic of China .
BOB also acquired Punjab Cooperative Bank in a
rescue.
1999: BOB merged in Bareilly Corporation Bank in
another rescue. At the time, Bareilly had 64
branches, including four in Delhi .In Guyana, BOB
incorporated its branch as a subsidiary, Bank
of Baroda Guyana. BOB added a branch in Mauritius,
but closed its Harrow Branch in London.
2000s

2000: BOB established Bank of Baroda (Botswana).

2002: BOB acquired Benares State Bank (BSB) at the
Reserve Bank of Indias request. BSB was established
in 1946 but traced its origins back to 1871 and its
function as the treasury office of the Benares state.
In 1964, BSB had acquired Bareilly Bank (est. 1934),
with seven branches; it also had taken over Lucknow
Bank in 1968. The acquisition of BSB brought BOB
105 new branches.
2002: Bank of Baroda (Uganda) was listed on the
Uganda Securities Exchange(USE).

 2003: BOB opened an OBU in Mumbai.

2004: BOB acquired the failed Gujarat Local Area
Bank, and returned to Tanzania by establishing a
subsidiary in Dar-is-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 centralized banking 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.
2006: BOB established an Offshore Banking Unit
(OBU) in Singapore.
2007: In its centenary year, Bobs total business
crossed 2.09 trillion (short scale), its branches
crossed 2000, and its global customer base
29 million people. In Hong Kong, Bank got Full
Fledged Banking license and business of its
Restricted License Banking subsidiary was taken over
Bank of Baroda branch in Hong Kong
w.e.f.01.04.2007.

 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 Bank and Legal and General (UK) called
India First 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 Bank and 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, (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. IIBM seeks to open five
branches within its first year of operations in

Malaysia, and intends to grow to 15 branches

within the next three years.

SUBSIDIARIES

BOB Capital Markets is a SEBI-registered investment

banking company based in Mumbai, Maharashtra. It

is a wholly owned subsidiary of Bank of Baroda .Its

financial services portfolio includes initial public
offerings, private placement of debts, corporate
restructuring, business valuation, mergers and
acquisition, project appraisal, loan syndication,
institutional equity research, and brokerage.
Bob cards Ltd is a credit card company, 100%
subsidiary of Bank of Baroda. The company is in the
business of Credit cards, Acquiring Business & back
end support for Debit cards operations to Bank of
Baroda. Bank of Baroda had introduced its first
charged card named BOBCARD in the year 1984. The
whole operation of this plastic card was managed by
Credit card division of Bank of Baroda. It established
a wholly owned subsidiary, Bob cards Limited in the
year 1994 to cater to the need of rapidly growing
credit card industry in a focused manner. BOBCARDS
Ltd is the first Non-banking company in India issuing
credit cards.

Profit and loss accounts for bank of

Baroda
(Rs. In cr.)
Sched March
ule
15
No.
Income

Interest earned
Other income

13
14

Total
Expenditure
Interest expended
Operating expenses
Provisions and contingencies

5800
1755

7555
15
16

1200
3807
1095

Total
Profit and loss

6102

Net profit/loss (-) for the year

1453

Profit/loss (-) brought forward

852

Total
Appropriation

2305

Transfer to reserve

291

Transfer to other reserve

300

Transfer to govt.
Balance carried over to balance sheet

1000
714

Total

2305

Balance sheet for Bank Of Baroda

(Rs in Cr)

Schedule
no.

March
15

CAPITAL & LIABILITIES

Capital
Reserves & surplus
Deposits

1
2
3

10000
13805
97200

Borrowing

12200

Other liabilities and provisions

7025

Total

14023
0

Assets
Cash and balances with Reserve bank of
India
Balance with banks and money at call and
short notice
Investments

438

8369

49900

Advances

77105

Fixed assets

10

3500

Other assets

11

918

Total

14023
0

Contingent liabilities

12

Bills for collection

11168
22100

SCHEDULE
Rs in cr.
Schedule 1 capital
authorized
Issued capital
Subscribed capital

20000
20000

Called up capital

10000
10000

Schedule 2- reserve & surplus

Statutory reserve
Opening balance
Addition during the year

10000
291
10291

Revenue and other reserve

Opening balances
Additions during the year

2500
300
2800

Balance in profit & loss A/C

total

714
13805

Schedule 3 deposits
Demand deposits
Other
Saving bank deposits
Term deposits
Other
37180
Deposits of branch in India
Deposits outside

45500

45500
14520
37180
97200
97200
97200

Schedule 4 borrowing
Other banks

12200

Schedule 5 other liabilities & provision

Net
Other provisions

4555
2470

total

7025

Schedule 6 cash & BANK BALANCE

Cash in hand

438

Schedule 7 balances with banks &

money at call & short notice
Balance with current A/C
Money at call & short notice
total

6869
1500
8369

Schedule 8 investments
Govt. securities
Shares
total

45200
4700
49900

Schedule 9 advances
Bills purchased and discounted
Term loans
total

33100
44005
77105

Schedule 10 fixed assets

Premises
Other fixed assets

3000
500
3500

Schedule 11 other assets

Interest accrued
Non banking assets claim

Schedule 12 contingent liabilities

875
43
918

Acceptance ,other obligation

total

11168
11168

Schedule 13 interest earned

Discount on advance
total

5800
5800

Schedule 14 other income

Commission exchange & brokerage
Miscellaneous income
total

1700
55
1755

Schedule 15 interest expended

Interest deposits
Total

1200
1200

Schedule 16 operating expenses

Payment to provision of employee
Printing & stationery
Banks property
Allowance & expenses
Other expenditure
total

SUGGESTION

2400
400
500
100
407
3807

 The bank should adopt a procedure of adopting

details of loans from other banks before
sanctioning credit, BOB should insist on a
clearance certificates starting that no loan is
overdue to any bank of institution.
The bank of Baroda should also reach out to
the corporate clients for financing their working
capital and other requirement.
Bank of Baroda should take an initiative to
achieve their future goals and plans

CONCLUSION

Bank of baroda was recognized by Dun & Bradstreet as

the best public sector bank under the category. Global
business development at polaries financial technology
banking award 2006. Bank won the special award for best
IT Team among public sector Banks at IDRBT Banking
Technology Excellence award 2012-2013. Bank has been
pioneeer in spreading and promoting the use of Hindi
through the form of Nagar Rajbhasala samitis and has
won Reserve Bank Rajbhasan competion on August.
Bank constantly innovates reorients and religns business
process with advanced technology to serve the customer
better and earn strong brand . The bank identifed RACE
AHEAD as its motto for the FY15 and it can not only
achive as significant business growth but also improve its
profitabilty and soundness indicators. With GDP growth
expected to pick up,banking business is likely to witness
higher optimism during FY15.
Bank of baroda has always looked at technogy as a key
facilitates to provide better custmer service and ensure
that its IT strategy follow the Business Strategy to serve
all stakeholder . To respond to increasing competion and
other challenge . bank will make its business model more
cost efficient and try to improve its Earning through an
optimum mix of intrest income and non intrest income. To
achive this its to be constantly optimize use of tecnology
as the change agenst .boosted by robust economics
growth the bank expect to sustain and improve the
performance.

Similarly to its efforts to improve asset Quality

management in FY14,yourbank is fous on the credit
monitoring. ,NPA recovery and upgradation big way and
further arrest the fresh slippage. Bank proposes to launch
Adarsh Grameen Branches shortly these branches will be
constructed by Bank on its owned plot of land in rural
areas and will be having audio visual facilities to enable
various activities like agri clinic vocational education
,medical camps etc. this endeavor will not only provide
BOB to take forward the mission of financial Inclusion.,
but also generate a lot of goodwill.
With its intrinsic strenggths in the form of capital human
resources , technology and iconic brand. Bank of baroda
is well positioned for growth during financial year 2015.

BOOK REFFRED
1. Advanced Financial Accounting written by Dr Versa M.
Ainapure published by MANAN PRAKASHAN.

Websites:

Annual report of bank of baroda for 2014

www. Bankofbaroda.co.in
www. Wikipedia.com
www.profit. Ndtv.com.