Performance Analysis: Q4FY22 & FY22

Performance Analysis
Q4FY22 & FY22

1
Major Highlights
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Major Highlights
Business Details (INR crore) Key performance drivers
FY21 FY22 YOY(%)
Domestic CASA Deposits 3,68,027 4,10,123 11.4 Domestic CASA Ratio (%)
Net Profit (INR crore)
137 bps YoY
Domestic Savings
3,06,418 3,41,343 11.4
Deposits
44.24 7,272
Domestic Current 42.87
61,609 68,780 11.6
Deposits
Domestic Gross Advances 6,41,076 6,84,153 6.7 39.07
Agriculture Advances 99,543 1,09,796 10.3
MSME Advances* 91,938 96,863 5.4
Retail Advances* 1,20,256 1,40,399 16.8 829
546
*organic growth, excluding pool purchase
Mar-20 Mar-21 Mar-22 FY20 FY21 FY22
Financial performance (INR crore)
FY21 FY22 YOY (%) Return on Assets Net Interest Margin (%)
Net Interest Income 28,809 32,622 13.2 53 bps YoY
32 bps YoY
Fee Income 5,693 6,409 12.6 0.60

3.03
Operating profit 21,199 22,389 5.6
2.73 2.71
Profit before Tax 5,556 9,387 69.0
Net profit 829 7,272
GNPA Ratio (%) 8.87 6.61 226 bps
0.06 0.07
Capital Adequacy Ratio
14.99 15.84 85 bps
(Standalone) (%)
ROE** FY20 FY21 FY22 FY20 FY21 FY22
1.50 11.82
**After infusion of INR 4,500 crore in CET-1 through QIP in Feb’21

Financial Performance
Key Ratios - Quarterly
Cost of Deposits NIM
Domestic
Domestic Global International 3.12% 3.21% 3.14%
2.90%
2.73%
4.10%
3.92% 3.84% 3.80% 3.85%
3.71% 3.55% 3.52% 3.50% 3.53%

Mar'21 Jun'21 Sep'21 Dec'21 Mar'22
International
0.63% 0.50% 0.50% 1.88%

0.45% 0.46%
1.57%
1.45%
1.33%
1.21%
Yield on Advances
Domestic Global International Mar'21 Jun'21 Sep'21 Dec'21 Mar'22
7.72% 7.79% 7.55%

7.29% 7.36%
Global
6.85% 6.92% 6.81%

6.57% 6.55% 3.04% 3.13% 3.08%
2.72% 2.85%
2.50% 2.62%
1.95% 2.01% 2.09%

Key Ratios - Annual
Cost of Deposits NIM
Domestic
Domestic Global International 3.09%
2.85% 2.79%
5.39%
4.44%
4.98% 3.85%
4.01%
3.52% Mar'20 Mar'21* Mar'22
2.03%
0.95% International
0.48%
1.47%
1.34% 1.29%
Mar'20 Mar'21 Mar'22
Yield on Advances
Domestic Global International
Mar'20 Mar'21 Mar'22
8.82%
7.83% 7.61%
7.99% Global
6.98% 6.79% 3.03%
2.73% 2.71%
3.77%
2.48% 2.18%
Mar'20 Mar'21 Mar'22 Mar'20 Mar'21 Mar'22

*Excluding impact of SC verdict, Domestic NIM would have been higher by 5bps.

Operating Performance
Particulars
Q4 FY21 Q3 FY22 Q4 FY22 YOY (%) FY21 FY22 YOY (%)
(INR crore)
Interest on advances 11,749 12,631 12,835 9.2 50,052 49,279 -1.5
Interest on investments 4,133 4,567 4,767 15.3 17,077 17,617 3.2
Other Interest income 803 765 572 -28.8 3,366 2,985 -11.3
Total Interest Income 16,685 17,963 18,174 8.9 70,495 69,881 -0.9
Interest on Deposits 8,614 8,288 8,430 -2.1 37,564 33,290 -11.4
Interest on borrowings 367 552 561 52.8 1,864 1,727 -7.3
Other Interest paid 597 571 571 -4.4 2,258 2,242 -0.7
Total Interest Expenses 9,578 9,411 9,562 -0.2 41,686 37,259 -10.6
Net Interest Income (NII) 7,107 8,552 8,612 21.2 28,809 32,622 13.2
Total Fee Income 1,747 1,557 1,848 5.8 5,693 6,409 12.6
Other Non-Interest Income 3,070 962 674 -78.0 7,241 5,075 -29.9
Non- Interest Income 4,817 2,519 2,522 -72.3 12,934 11,484 -11.2
Operating Income 11,924 11,071 11,134 -6.6 41,743 44,106 5.7
Operating Expenses 5,689 5,588 5,499 -3.3 20,544 21,716 5.7
Operating Profit 6,235 5,483 5,635 -9.6 21,199 22,389 5.6*
Cost to Income Ratio (%) 47.71 50.47 49.39 49.22 49.24
*Growth in Operating Profit for FY22 excluding revaluation of investment would have been 13.1%

Non-Interest Income
Particulars
(INR crore)
Commission, Exchange,
715 743 786 9.9 2,521 2,771 9.9
Brokerage
Incidental Charges 293 287 387 32.1 927 1,202 29.7
Other Miscellaneous Income 436 317 403 -7.6 1,196 1,283 7.3
Forex Income 303 210 272 -10.2 1,049 1,153 9.9
Total Fee Income 1,747 1,557 1,848 5.8 5,693 6,409 12.6
Dividend Income 5 0 6 20.0 132 189 43.2

Trading Gains – Profit from
904 421 136 -85.0 3,376 2,729 -19.2
Sale of Investments
Revaluation of Investment -31 25 -819 - 570 -955 -
Recovery from TWO 2,040 516 916 -55.1 2,985 2,510 -15.9
Other Income 152 0 435 - 178 602 -
Other Non-Interest Income 3,070 962 674 -78.0 7,241 5,075 -29.9
Total Non-Interest Income 4,817 2,519 2,522 -47.6 12,934 11,484 -11.2

Operating Expenses
Particulars
(INR crore)
Employee Cost 3,125 3,103 2,702 -13.5 11,446 11,979 4.7

of which: Salaries 2,461 2,206 2,332 -5.2 8,576 9,216 7.5
Provisions for
664 897 370 -44.2 2,870 2,762 -3.8
employees
Other Operating Expenses 2,564 2,485 2,797 9.1 9,098 9,737 7.0
of which :
417 358 431 3.4 1,506 1,473 -2.2
Rent, Taxes and Lighting
Printing and Stationery 41 32 40 -3.3 126 122 -3.5
Depreciation 333 394 413 24.0 1,315 1,390 5.7
Law charges 52 48 53 1.9 164 191 16.5
Repairs and Maintenance 302 243 256 -15.2 1,110 993 -10.5
Insurance 434 316 428 -1.4 1,354 1,379 1.8
NFS charges/Fees 109 126 119 9.2 380 449 18.2
Other Expenditure 876 969 1,057 20.6 3,143 3,740 19.0
Operating Expenses 5,689 5,588 5,499 -3.3 20,544 21,716 5.7

Profit Position
Particulars
(INR crore)
Operating Profit 6,235 5,483 5,635 -9.6 21,199 22,389 5.6
Total Provisions 3,555 2,506 3,736 5.1 15,643 13,002 -16.9
of which
Provision for NPA & Bad 4,593 4,283 5,200 13.2 12,408 14,640 18.0
Debts Written-off
Provision for Standard
-1,663 -1,936 -1,744 - 2,158 -2,672 -
Advances
Provision for Investment 442 447 117 -73.5 879 559 -36.4
Other Provisions 183 -288 163 -11.0 198 475 -

Profit before Tax 2,680 2,976 1,899 -29.1 5,556 9,387 69.0
Tax Provisions 3,726 779 120 -96.8 4,727 2,114 -55.3
Net Profit -1,047 2,197 1,779 - 829 7,272 -

Business Performance
Deposits
Particulars % share in Domestic Deposits in Mar’ 22
(INR crore) Mar’21 Mar’22 YOY (%) Dec’21 Mar’22 QOQ (%)
Domestic CASA Deposits 3,68,027 4,10,123 11.4 3,88,169 4,10,123 5.7

Savings
Deposits
Domestic Saving 37%
3,06,418 3,41,343 11.4 3,22,909 3,41,343 5.7
Deposits
Term
Domestic Current deposits
61,609 68,780 11.6 65,260 68,780 5.4
Deposits 56%
Current
Deposits
Term Deposits 4,90,386 5,16,888 5.4 4,88,386 5,16,888 5.8 7%
Retail Term % share in Domestic Deposits in Mar’ 21

3,91,670 4,05,187 3.5 3,99,749 4,05,187 1.4
Deposits
Bulk Deposits
98,716 1,11,701 13.2 88,637 1,11,701 26.0
(including CD) Savings
Deposits
Domestic Deposits 8,58,413 9,27,011 8.0 8,76,555 9,27,011 5.8 36%
International Deposits 1,08,583 1,18,928 9.5 1,01,479 1,18,928 17.2

Term
deposits
Total Deposits 9,66,996 10,45,939 8.2 9,78,034 10,45,939 6.9 57%
Current
Domestic CASA(%) 42.87% 44.24% 137 bps 44.28% 44.24% -4 bps Deposits
7%
Global CASA (%) 40.15% 41.46% 131 bps 41.98% 41.46% 52 bps

Advances
Particulars
Mar’21 Mar’22 YOY (%) Dec’21 Mar’22 QOQ (%) % share in Gross Domestic Credit in Mar’22
(INR crore)
Retail* 1,20,256 1,40,399 16.8 1,28,960 1,40,399 8.9 Others (incl

Agriculture
16.0% LABOD &
Home Loans* 73,714 82,009 11.3 76,898 82,009 6.6 Staff loans)
3.4%
Auto Loans* 21,031 25,130 19.5 23,384 25,130 7.5
Mortgages Loans* 12,760 14,242 11.6 13,446 14,242 5.9 Corporate

44.0%
Education Loans 5,766 6,731 16.7 6,398 6,731 5.2 Retail (excl
LABOD)
22.0%
Personal Loans 4,685 9,748 108.1 6,390 9,748 52.6
Gold Loans 1,101 1,371 24.5 1,277 1,371 7.4

MSME
Others 1,199 1,168 -2.6 1,167 1,168 0.1 14.6%
Agriculture 99,543 1,09,796 10.3 1,05,694 1,09,796 3.9

% share in Gross Domestic Credit in Mar’21
Gold Loans 22,492 27,946 24.2 26,065 27,946 7.2
Agriculture Others (incl
MSME* 91,938 96,863 5.4 92,688 96,863 4.5 15.5% LABOD &
Staff loans)
3.1 3.5 3.3%
Corporate 2,91,615 3,00,693 2,90,601 3,00,693
Others 37,724 36,402 -3.5 36,372 36,402 0.1

Corporate
Gross Domestic Advances 6,41,076 6,84,153 6.7 6,54,315 6,84,153 4.6 Retail (excl 45.5%
LABOD)
International Gross Advances 1,10,514 1,33,968 21.2 1,17,679 1,33,968 13.8 20.7%
Global Gross Advances 7,51,590 8,18,120 8.9 7,71,994 8,18,120 6.0
MSME
*ex-pool purchase. Retail including pool stands at INR 1,50,253 crore. MSME including pool at INR 1,00,131 crore as on Mar 31, 2022 15.0%
Risk profile – Retail loans
As on 31.03.2021 As on 31.12.2021 As on 31.03.2022
3% 0%
0%
18% 14% 16%
10% 10%
12%
70% 74% 73%
Above 725 701-725 Up to 700 -1 Above 725 701-725 Upto 700 0 & -1 Above 725 701-725 Upto 700 0 & -1
*Based on Amt.
*CIBIL scores (V1) as on 01.04.2019 have been converted into corresponding Credit Vision CIBIL Scores

Industry-wise outstanding
Mar ’21 Mar ’22 Rating Profile
Particulars (INR crore)
Outstanding Share Outstanding Share
Infrastructure of which 70,730 11.03% 1,03,549 15.14%
1. Power 32,247 5.03% 50,260 7.35%
2. Telecom 11,049 1.72% 10,871 1.59%
3. Roads & Ports 12,965 2.02% 26,482 3.87%
4. Other Infrastructure 14,468 2.26% 15,937 2.33%

73%
16,586 2.59% 9,801 1.43% 78%
Basic Metals & Metal Industry
of which
Iron & Steel 14,468 2.26% 7,920 1.16%
Textiles 18,259 2.85% 17,161 2.51%
Petroleum & Petrochemicals 6,114 0.95% 10,947 1.60%

11%
All Engineering 7,744 1.21% 6,706 0.98% 10%
8%
Food Processing 13,062 2.04% 15,151 2.21% 6%
8% 5%
Chemicals and Chemical Products 12,021 1.88% 11,541 1.69%
20,385 3.18% 18,063 2.64% Mar'21 Mar'22
Trade (Wholesale)
NBFC 82,228 12.83% 83,978 12.27%
A & Above BBB Below BBB Unrated
Other Industries / Sectors 1,61,839 25.24% 1,47,207 21.52%
*External Rating Distribution of Domestic Advances above
Retail Loans 1,32,565 20.68% 1,50,253 21.96%
INR 50 Crore
Agriculture 99,543 15.53% 1,09,796 16.05%
Gross Domestic Advances 6,41,076 100.00% 6,84,153 100.00%

Segment wise breakup & Ratings of NBFC Standard
Outstanding
Rating Profile of NBFCs Standard Outstanding*
NBFC Portfolio by Ownership
Particulars Dec’21 Mar’22
Outstanding Outstanding
11% 12% % Share % Share
(INR cr) (INR cr)
Pvt others AAA 65,236 65.99 68,863 65.89
44% 43% Backed by Large AA 21,176 21.42 23,237 22.23

Private Institutions
A 8,912 9.02 8,985 8.60
Backed by PSUs
11% 12% BBB 1,849 1.87 1,262 1.21

Central & State
PSUs
BB & below 1,684 1.70 2,169 2.08
35% 33%
Total 98,858 100.00 1,04,515 100.00
Dec'21 Mar'22
*Includes outstanding in Domestic & International Branches

Treasury operations
Particulars • Domestic investment book comprises of 65.54% in HTM;

Mar ’21 Dec ’21 Mar ’22 34.40% in AFS and 0.06% in HFT.
(INR crore)
Domestic • The percentage of Investments in SLR Securities to NDTL at
2,51,708 2,94,923 3,04,062
Investments Mar 31, 2022 was at 27.49%.
of which
2,04,131 2,45,399 2,51,490 Modified Duration
SLR
Particulars Mar ’21 Dec ’21 Mar ’22
Non SLR 47,577 49,524 52,572 AFS 1.30 1.86 1.77
HTM 4.42 5.16 4.96
Held To Maturity
1,48,805 1,83,712 1,99,275 Total Investment 3.22 3.98 3.94
(HTM)
Available For Sale

1,02,702 1,10,847 1,04,595 Yield on Investment
(AFS)
Held For trading
Particulars Mar ’21 Dec ’21 Mar ’22
201 364 192
(HFT) Domestic 6.56% 6.51% 6.43%
International International 2.95% 2.28% 2.50%
13,186 16,099 16,753
Investments
Global 6.51% 6.25% 6.31%
Global Investments 2,64,894 3,11,022 3,20,815

Financial Inclusion
Total Financial Inclusion Accounts Balance /Avg Balance in FI accounts
(in Lakh) 27,864 Zero Balance Accounts (%)
647
25,158
23,521
632 5.8%
5.5%
5.3%
590 4,308
3,985 3,980
Mar'21 Dec'21 Mar'22

Market Share* of BOB in PMJDY Accounts (%)
Mar'21 Dec'21 Mar'22 Balance in Financial Inclusion Accounts (in INR Crore)
15.41% 15.60%
Average Balance (in INR) 14.82%
No of Transactions Through Business

Transactions – By Amount (in INR crore) Correspondents (in lakhs)
23,800
21,292 552 Mar'21 Dec'21 Mar'22
18,335 498
Market Share* of BOB in PMJDY Deposits (%)
419
17.42%
17.07%
16.24%

In Q4FY22, Bank’s 85 FLC centres across the country conducted 1,456 meetings/camps to educate 38,958 people. Mar'21 Dec'21 Mar'22
Further, our 64 RSETIs have trained 13,189 youth through 485 training programmes. *amongst PSBs
Asset Quality
Movement of NPAs
Particulars
Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22
(INR crore)
A. Opening Balance 63,182 59,504 55,997 69,381 66,671
B. Additions 12,274 3,491 5,780 20,005 14,255
Out of which, Fresh Slippages 11,656 2,830 4,514 18,101 11,046
C. Reductions 8,785 6,998 7,717 22,716 26,867
Recovery 2,759 2,032 2,136 5,867 6,054
Upgradation 279 1,272 1,112 1,423 2,394
Write-Offs 5,747 3,694 4,425 14,878 17,967
Other Adju/ Exchange difference 0 0 45 548 452
Closing Balance (Gross NPA) 66,671 55,997 54,059 66,671 54,059
Net NPA 21,800 16,465 13,365 21,800 13,365
Recovery in TWO* 2,040 516 916 2,985 2,510
Slippage Ratio(%) 6.83 1.68 2.52 2.71 1.61
Credit cost (%) 2.46 2.33 2.69 1.68 1.95
Gross NPA Ratio (%) 8.87 7.25 6.61 8.87 6.61
Net NPA Ratio (%) 3.09 2.25 1.72 3.09 1.72
Provision Coverage Ratio (Including TWO) (%) 81.80 85.95 88.71 81.80 88.71
Provision Coverage Ratio (Excluding TWO) (%) 67.30 70.60 75.28 67.30 75.28
* Technical Write off accounts

Sectoral & Industry wise Contribution of NPAs
Sector-wise NPA Industry- wise NPA
Particulars (INR
Particulars Q4 FY21 Q3 FY22 Q4 FY22
Q4 FY21 Q3 FY22 Q4 FY22 crore)
(INR crore)
Infrastructure of which 6,509 4,675 3,576
Corporate 27,234 16,389 14,533 1. Power 2,373 2,771 2,036
2. Telecom 1,839 1 2
MSME 13,025 13,320 12,882
3. Roads & Ports 1,662 1,467 1,281
4. Other Infrastructure 636 436 258

Retail 3,044 3,762 3,686
Basic Metals & Metal
2,539 1,708 1,428
Industry
Agriculture 8,450 9,317 9,321 of which
Iron & Steel 2,126 1,408 1,179

Others 593 520 849
Textiles 3,642 3,152 2,306
Petroleum &
96 96 96
Total Domestic 52,346 43,307 41,271 Petrochemicals
All Engineering 2,413 1,499 1,352
International 14,325 12,689 12,788 Food Processing 1,687 1,714 1,584

Chemicals and
989 520 486
Chemical Products
Global 66,671 55,997 54,059
Trade (Wholesale) 2,537 415 2,129

Asset Quality : Sectoral Fresh Slippages
Fresh Slippages
CRILC o/s SMA1 and SMA 2 (%)
Particulars (INR crore) Q4 FY21 Q3 FY22 Q4 FY22 FY21 FY22
Corporate 5,817 602 2,055 5,923 3,601
MSME 2,846 1,013 1,271 3,103 3,294
Retail 1,184 501 466 1,247 1,387

3.23
Agriculture 1,115 615 636 1,160 2,344
Others 6 10 10 14 30 1.12
0.44
Total Domestic 10,969 2,741 4,438 11,447 10,656
Mar'21 Dec-21 Mar-22
International 687 89 76 6,653 390
Global 11,656 2,830 4,514 18,101 11,046
SMA1 and SMA2 as a per cent of Standard advances (Accounts

with outstanding above INR 5 crore CRILC data.)
The GNPA ratio for Housing loans (ex-pool) is 2.01%, Auto loans is 2.21%; Personal
loans (including Gold Loan) is 1.39% ; Retail Gold loan is 1.47% as of March 2022
Collection efficiency (excluding Agriculture) stands at 97%

as of March 2022.

Exposure to NCLT Accounts
49752
99.19%
98.28% 98.05%
34451 97.51%
94.11%
7757
5077
2467
RBI 1 List RBI 2 List Accounts filed Accounts filed Total RBI 1 List RBI 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 (%)
Provision coverage ratio under NCLT accounts is 97.51%.

Capital Adequacy

Capital Adequacy
15.84% 16.33%
14.99% 15.40% 15.55% 15.47% Tier II
2.50% 2.44%
2.32% 2.34% 2.34% 2.23% AT-1
1.75% 1.69%
1.81% 1.82% 1.94%
1.73% CET-1
11.25% 11.39% 11.30% 11.59% 12.20%

10.94%
Mar'21 Jun'21 Sep'21 Dec'21 Mar'22 Consol Mar'22

Mar ’22
Particulars (INR crore) Mar ’21 Dec ’21 Mar ’22 (Consolidated)
Common Equity Tier I Capital (CET 1) 67,944 68,061 73,359 80,114
Tier I Capital 78,660 79,778 84,446 91,231
Tier II Capital 14,390 13,450 15,807 16,028
Total Capital 93,051 93,227 1,00,253 1,07,259
 Bank has raised capital through Additional Tier – 1 (AT-1) bonds of amount INR 2,749 crore in FY22

bob World

bob World – Engagement leads to more Product Sales
Credit Report for customers Offers to customers basis

credit report
20 lakhs users have availed the Customized offers to be designed for 20
services lakh users for whom the bank has the
credit reports
Ability of send push E-commerce – Offer basis

notifications buying behavior of customers
214 types of push notification in ~32 lakhs users have registered for
10 separate categories merchant services and ~6.5 lakhs
unique users have been proactively
shopping through compare and shop
services

bob World Statistics
“Best Technology Bank” for the 2nd year in a row at IBA’s Annual Banking Technology Conference
App Downloads Activated Users Daily Active Users PL through bob World
34 Million 19.6 Million 3.7 Million 82%

With 73 lakhs daily txns
(financial & non-financial)
%IMPS txns through %Billpay txns through %FDs opened through

Market Share* bob World
bob World bob World
87% 82% 17.17% 13%
Digital Passbook accessed UPI handle generated Average Engagement PPF Account Opening
through bob World through bob World Ratio through bob World
83% 81% 9 36%

*Of total Mobile Banking app downloaded by users in Q4FY22
Digital Milestones

Digital Milestones…1/2
1st 1st 2nd

Rank in Mobile
Rank in e-stamping Rank in e-sign Infra
Banking
usage usage
Downloads
Mar’22 Q4FY22
Mar’22 Source: NeSL Source: NeSL
2nd 3rd 99.64%

Rank in Debit Card Rank in UPI UPI Remittance
Issuance remittance Success Rate
Mar’22 Source: RBI Mar’22 Source: NPCI Mar’22 Source: RBI
88% 92% 85%

Transactions done New SA acquisition New CA acquisition
digitally (Digitally) (Digitally)
Q4 FY22 Q4 FY22 Q4 FY22

Digital Milestones….2/2
83% 69% 73%

Passbook updates New SHG
done digitally Digital FDs
acquisition
(Digitally)
As of 31.03.2022 Q4FY22
As of 31.03.2022
36% 97% 58%

Digitally active Digital Retail Loans
Digital PL
customers Sanctioned
As of 31.03.2022 As of 31.03.2022 As of 31.03.2022
38% 33% 22%

Number of merchants using
MSME Loans Processed MSME Loans POS, BHIM Baroda Pay, QR,
Digitally renewed digitally IPG
as of 31.03.2022 as of 31.03.2022 as of 31.03.2022

Environmental, Social and Governance (ESG)
Environmental, Social & Governance (ESG) Initiatives
Environment Social Governance
 Bank does not finance borrowers for setting up  Bank’s RSETIs have been graded as “AA”  The Bank’s code of commitment to customers
new units producing / consuming Ozone (outstanding) by Ministry of Rural and MSME’s, citizen charter, grievance
Depleting Substances (ODS) and small / Development, GOI based on the overall redressal policy, and banking ombudsman
medium scale units engaged in the performance of the RSETIs. Bank’s 64 RSETIs scheme are available on the Bank’s website to
manufacturing of aerosol units using have trained 13,189 youth through 485 training promote fair banking practices by maintaining
Chlorofluorocarbons (CFC) as a policy to programs in Q4FY22 transparency in various products, services and
reduce greenhouse effect. policies
 In Q4FY22, Bank’s 85 Financial Literacy
 Bank has Green Building Certificate GOLD Centres across the country conducted 1,456  Bank recognizes that Ethics & values are key
rating for Baroda Corporate Centre and SILVER meetings/camps to educate 38,958 people. to long-term and sustainable growth.
rating for Baroda Sun Tower Building through Corporate Ethics department launched to
IGBC (Indian Green Building Council). -4- of  Bank has also rolled out a scholarship scheme reinforce the importance of ‘Ethics’ as an integral
Bank’s buildings in India have green building for Girl Student School Toppers of class X part of our operations.
rating and -43- more buildings are identified for and XII studying in Government schools in 9
Green Building. Aspirational Districts in the states of Gujarat,  Apex Level Ethics Committee set up with
Uttar Pradesh and Rajasthan representation from diverse sections of the
 145 branches in rural/semi urban areas are workforce and reflects inclusiveness and
being run on Solar Energy only. Total 960  Bank has credit linked 92,615 SHGs by granting collaboration as a central theme for this whole
Tons of Carbon Dioxide Emission reduced as a loans amounting to INR 2,782 crore during FY ethics journey in the Bank.
result of using Green Energy/renewable/solar 2022. Bank has been awarded as “One of the
energy. Best Performing Bank in Public Sector Bank
Category for SHG Credit Linkage” by MoRD
 A Bio-Gas plant (capacity of 500Kg wet for third year in a row
waste) is installed at Bank’s building at
BKC, Mumbai which produces cooking gas that
is used in Bank’s canteen and organic manure
is used in garden/lawns

Consolidated Financials
Subsidiaries and JVs Performance
Baroda Asset Management India

IndiaFirst Life Insurance Co. Ltd. BOB Financial Solutions Limited
Limited
(Subsidiary Holding - 65%) (Subsidiary Holding – 100%)
(Subsidiary Holding – 50.1%)
 IndiaFirst Life recorded YoY growth of 50% in  Crossed milestone of One million cards -  Merged with BNP Paribas AMC with effect
Individual New Business APE and 47% YoY Number of Cards as of March 31,2022 stood at from March 14, 2022.
Growth on Total New Business APE for FY 22 11,03,921.
 Total revenue of the merged entity for FY22 is
 AUM as of March 31, 2022 stands at INR  New Credit Cards issuance in grew by 132% INR 103.14 crore.
18,932 crore, with 11% YoY growth. YoY.
 Net worth of the merged entity is INR 146.76
 IndiaFirst improved its FY22 ranking by 1  Spends in Q4FY22 grew by 83% compared to crore as on 31st Mar 2022
position to 11th on Individual New Business Q4FY21
APE as compared to FY21 (amongst private  Average Assets Under Maintenance (AAUM)
peers)  Unaudited Net Profit for FY22 stands at INR of the merged entity stands at INR 21,393
10.07 crore. crore.
 Market share amongst Private Insurers stands
at 2.4% (Individual NB APE terms)  Credit rating of A1+
 Gross premium income stands at INR 1,656.4  Unaudited CRAR as of March 31, 2022 is at
crore for Q4FY22 and INR 5,186.6 crore for 22.18%
FY22
Note: APE stands for Annualised Premium Equivalent, where single premium is considered at 10%

Subsidiaries and JVs Performance
India Infradebt Limited Baroda Global Shared Services Limited BOB Capital Markets Limited
(Joint Venture of 40.99%) (Subsidiary Holding – 100%) (Subsidiary Holding – 100%)
 India Infradebt focused on disbursement in  BGSSL total income (PBT) grew 72% YoY  The gross revenue for Q4FY22 is at INR 13.85
renewable energy sector during the quarter. in FY22 crores and for FY22 is at INR 55.05 crores vis-
à-vis INR 24.90 crores & INR 46.55 crores
 Total Income during FY22 stood at INR 385  Total Revenue grew by 71% YoY in FY22 respectively for previous year’s corresponding
Crore. and stood at INR 84.16 crore as on March periods.
31, 2022.
 Operating profit in FY22 increased by 11%  Profit for Q4FY22 is INR 1.08 crores and for
YoY to INR 349 Crore.  Direct Sales Team (DST) of 700+DSEs FY22 is INR 7.72 crores, after adjusting one
across 20+ cities has sanctioned loans of time cost towards deferred staff
 Net profit stands at INR 317 crore. INR 1,600 crore Loans since inception in incentive/retention costs.
October 2021.
 Successfully closed 3 Syndication
 Achieved 1,421 Business Correspondent transactions, 2 Advisory and 18 DCM
mandates across 14 States, 28 Business transactions, secured 11th Rank in Bloomberg
Correspondents operationalized in Mar’22 DCM League.
and more than 250+ transactions
performed.  Successfully completed 5 OTR transactions
aggregating INR 38,600 Crore in FY22.

Overseas Subsidiaries and JVs performance
Bank of Baroda (Uganda) Ltd. Bank of Baroda (Kenya) Ltd. Bank of Baroda (UK) Ltd.
 Total Deposits of Bank of Baroda (Uganda)  Total Deposits of Bank of Baroda (Kenya)  Total Deposits of Bank of Baroda (UK) stood at
stood at INR 3,326 crore as in FY22* stood at INR 9,814 crore as in FY22* INR 7,562 crore during FY22.
registering a growth of 5.78% YoY. registering a growth of 8.61% YoY
 The gross advances grew by 11.90% and
 The gross advances grew by 17.66% on YoY  The gross advances stood at INR 3,821 crore stands at INR 2,707 crore during FY22.
basis to INR 1,993 crore. registering a growth of 11.62% YoY
 GNPA ratio at the end of FY22 was at 0.0%.
 Net profit increased by 17.53% YoY to INR 181  Net profit increased by 13.65% on YoY basis to (NIL NPA)
crore during FY22*. INR 357 crore.
 The RONW as on FY22* stands at 15.43%.  The RONW during the year stands at 18.32%
 The GNPA ratio as on FY22* was at 0.07% as

against 1.38% in FY21*.
*Kenya and Uganda are December year end overseas subsidiaries hence, data provided for these subsidiaries are as of 31 December 2020 and 31 December 2021.

Balance Sheet and PL– Consolidated
Particulars
Mar ’21 Dec ’21 Mar ’22 Particulars
(INR crore) FY21 FY22 YOY (%)
CAPITAL & LIABILITIES (INR crore)
Capital 1,036 1,036 1,036 Net Interest Income 31,113 34,570 11.1%
Share Application Money Pending
0 0 0
Allotment Non Interest Income 15,254 14,395 -5.6%
Reserves & Surplus 81,354 87,412 90,833
Total Income 46,367 48,965 5.6%
Minority Interest 436 488 758
Deposits 9,95,910 10,07,753 10,75,804 Operating Expenses 23,117 24,839 7.4%
Borrowings 71,263 96,077 1,09,526
Operating Profit 23,250 24,126 3.8%
Other Liabilities & Provisions 52,677 54,283 62,180
TOTAL 12,02,676 12,47,049 13,40,137 Provisions 16,876 14,118 -16.3%
ASSETS
Cash and Balances with RBI 40,154 47,408 56,775 Profit before Tax 6,374 10,008 57.0%
Balances with Banks 88,507 57,903 73,454 Tax 4,919 2,308 -53.1%
Investments 2,81,859 3,28,508 3,47,587
Minority Interest 73 83 13.7%
Loans & Advances 7,23,242 7,51,572 7,97,281
Fixed Assets 8,217 7,707 10,188 Share of Earning in Associates 166 233 40.4%
Other Assets 60,473 53,727 53,941

Profit after Tax 1,548 7,850
Goodwill on Consolidation 224 224 911
TOTAL 12,02,676 12,47,049 13,40,137 EPS (INR) 3.32 15.18

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Performance Analysis

Q4FY22 & FY22

Fee Income 5,693 6,409 12.6 0.60

© 2022 Bank of Baroda. All Rights Reserved Page | 3

3.71% 3.55% 3.52% 3.50% 3.53%

0.63% 0.50% 0.50% 1.88%

7.72% 7.79% 7.55%

6.85% 6.92% 6.81%

Mar'21 Jun'21 Sep'21 Dec'21 Mar'22

Mar'20 Mar'21 Mar'22 Mar'20 Mar'21 Mar'22

© 2022 Bank of Baroda. All Rights Reserved Page | 6

© 2022 Bank of Baroda. All Rights Reserved Page | 7

Forex Income 303 210 272 -10.2 1,049 1,153 9.9

Dividend Income 5 0 6 20.0 132 189 43.2

Other Income 152 0 435 - 178 602 -

© 2022 Bank of Baroda. All Rights Reserved Page | 8

Employee Cost 3,125 3,103 2,702 -13.5 11,446 11,979 4.7

© 2022 Bank of Baroda. All Rights Reserved Page | 9

Other Provisions 183 -288 163 -11.0 198 475 -

Net Profit -1,047 2,197 1,779 - 829 7,272 -

© 2022 Bank of Baroda. All Rights Reserved Page | 10

Domestic CASA Deposits 3,68,027 4,10,123 11.4 3,88,169 4,10,123 5.7

Retail Term % share in Domestic Deposits in Mar’ 21

International Deposits 1,08,583 1,18,928 9.5 1,01,479 1,18,928 17.2

© 2022 Bank of Baroda. All Rights Reserved Page | 12

Retail* 1,20,256 1,40,399 16.8 1,28,960 1,40,399 8.9 Others (incl

Mortgages Loans* 12,760 14,242 11.6 13,446 14,242 5.9 Corporate

Gold Loans 1,101 1,371 24.5 1,277 1,371 7.4

Agriculture 99,543 1,09,796 10.3 1,05,694 1,09,796 3.9

Others 37,724 36,402 -3.5 36,372 36,402 0.1

Global Gross Advances 7,51,590 8,18,120 8.9 7,71,994 8,18,120 6.0

As on 31.03.2021 As on 31.12.2021 As on 31.03.2022

70% 74% 73%

© 2022 Bank of Baroda. All Rights Reserved Page | 14

1. Power 32,247 5.03% 50,260 7.35%

2. Telecom 11,049 1.72% 10,871 1.59%

3. Roads & Ports 12,965 2.02% 26,482 3.87%

4. Other Infrastructure 14,468 2.26% 15,937 2.33%

Textiles 18,259 2.85% 17,161 2.51%

Petroleum & Petrochemicals 6,114 0.95% 10,947 1.60%

© 2022 Bank of Baroda. All Rights Reserved Page | 15

Pvt others AAA 65,236 65.99 68,863 65.89

44% 43% Backed by Large AA 21,176 21.42 23,237 22.23

11% 12% BBB 1,849 1.87 1,262 1.21

*Includes outstanding in Domestic & International Branches

Particulars • Domestic investment book comprises of 65.54% in HTM;

Available For Sale

© 2022 Bank of Baroda. All Rights Reserved Page | 17

Mar'21 Dec'21 Mar'22

No of Transactions Through Business

Mar'21 Dec'21 Mar'22

* Technical Write off accounts

© 2022 Bank of Baroda. All Rights Reserved Page | 20

Corporate 27,234 16,389 14,533 1. Power 2,373 2,771 2,036

4. Other Infrastructure 636 436 258

Iron & Steel 2,126 1,408 1,179

International 14,325 12,689 12,788 Food Processing 1,687 1,714 1,584

© 2022 Bank of Baroda. All Rights Reserved Page | 21

Corporate 5,817 602 2,055 5,923 3,601