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Bank of Baroda aDnounced its reviewed results for the th,rd quarter
following th approval of its Board of Directors on February 13, 2016.
ReiulB at
Prrticular
a Glance
Quanerly Results
Q,l, FY16
Q3, FYls
Apr-Oec:
Apr-Irc:
r]t!6
FYlS
cror)
({ dore}
{i
crore)
({ crore}
Total lncome
Lt 72635
1tg}8.34
36,271,O7
35,3O4,15
lntereit lncome
10,514.()4
10,717.5
33,(X5'89
32,m1.52
lnterest Erpens'
l\let lntercst lnaome
Other lncome
7,N.m
7,$1.45
23,64r.4
2ltfi.8
47OS.v
3,8.14
9,M.4t
10,ols.s5
1,112-91
L(m3s
3,224,L4
3.(r.s4
Total Expenses
10,02231
9,,t59.3
24,(86,S9
Operatlng Expenss
2,LL4.1L
LO37.45
:to,o27.!t5
5,390,5
ofwhich,
L,t5r'..79
1,119.ra
1543.85
3,333.11
Oper.tih8 Profit
1,7011.14
2.3i,9.U
5,2tt.tt
7,221.57
6,t74-ta
\l|I)42
8186
2,106
-1,118.37
742.al
-247.17
1.7,,.49
Net Profit
-3,y2.U
38.lla
-2,165.41
2,8lD.Oa
(<
tgoo.s3
Emolovee Cost
BUSINESS EXPANSION
The Bank's Total Eusiness expanded by 1.64% (y-o-y) to
Total Deposits increased by 4.44% (y-o-y) to I 5,8!r,687 crore. However, the y-o-y growth in
total Domesti. Deposits on average basis {based on daily averages) was at 72.79%. Tolal
Deposits on averaSe basis grew by 9.49%.
INCOME
The Bank's Total lncome stood at 11,727 crore in Q3, FY16 and Net lnterest lncome stood at
12,705 crore. (Xher lncome increased by 2.07% to t 1,113 crore.
EXPENSES
The Bank's Total Expenss grew by 5.85% (y-o-y) to l1O,O23 crore in Q3, FY16, Operating
Expenses grew by 3.766/" to < 2,174 crore and lnterest Elpehses grew by 6.42% to 17,9C) crorc.
ASSET QUALITY
Gross NPA ofthe Bank stood at l3&934 crore as on December 31, 2015. Fresh slippage during
the quarter was at <1t5O3 crore, The Grors NPA ratio stood at 9.68% as on 315t Dec, 2015,
while the Net lilPA ratio stood at 5.67%. Gross PA of ove6eas businEs was 4.89 % in q3,
FYIS while net NPA was 2.75%.
Total Restructured standard Assets of the Bank decreased from 122,930 crore as on
September 30, 2015 to
Proviilons and Contingencies (excluding tax prorisions) made by the Bank stood at 16,164
sore in Q3, FY16 versus I 1,262 crore in Q3, FY15. Provisions against "NpAs/ Bad Debts
written off" stood at I 6,474 crote in Q3, FY16. The provision for Q3 FY 16 (excluding one
timers) amounts to < 3,708 crore (comparable to Q3 FY 15 - < 1,150 crore).
,\
Provision CoyeraSe Ratio (PCR) ofthe Bank was at 52.7096 as on December 31, 2015.
Bank's Tax Provision was at (-)
PROFIT
The Bank's Operating Profit was i1,704 crore in Q3, FY16 as against 12,339 crore in Q3, FY15.
Its Net Profit for Q3, FY16 stood at (-) t 3,:t42 crore.
While the Bank does not provide any forward guidance, the management is confident that the
Bank will make profit in Q4 FY16 and expects to provide reasonable return on clpital in FY17.
CAPITAL ADEQUACY
The CRAR (Basel lll) was at 12.18% as on December 31, 2015. Out of this, the share of Tier 1
capital was 9.57% and that of CET Capital was 9.04%. Based on existing position of capital
including CET1, the mana8ement has advised the Government that the Sank does not currently
require additional support by way of subscription to equity capital.
for
Bank of Baroda won the First Prize under All lndia Rajbhasha Kriti Purashkar scheme
of
garoda was conferred BML Munial award in the Public Sector CateSory for
"gusinss Excellence through Leaming & Development- 2015".
Bank
of
V S Narang
General Marager
(Strategic Planning & Performance Budgeting)
and Chlef lntormation Officer