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Bank of India AR 2011
Bank of India AR 2011
Bank of India AR 2011
,
31 2011
,
2010
, 2010
2010 2011
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2010
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2011 4.4%
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2010-11
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2011-12
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21.5% 22.9%
2010 4.03% 2011
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2011 ` 73,139
45.05 ( 8.08 )
, 2010-11
42.94% ` 2,489 ''
2011 3.31% 2010 2.92%
2010 2.51% 2011
1
/ BANK OF INDIA
2.92% 31 , 2010
2.85% 31 , 2011 2.23%
, 2010 1.31% , 2011 0.91% 201011
31 , 2010 65.51%
31 , 2011 72.18%
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31 , 2011 ,
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` 2,489 42.94%
( II ) 12.94%
12.17%
` 283.24 ( ` 236.84)
31.03.2011 2.23%
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( + ) ` 5,15,040 ,
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26.02%
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30.08%
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31.03.2011 29.18%
26.17% ` 2,16,154
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2010-11
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2010-11 ,
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/ BANK OF INDIA
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( II )
2010-11 ` 12456
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` 474.07 2,13,04,870
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31.03.2010
31.03.2011
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_
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()
2010-11
` 300 -II
` 1000 ` 450 -II
/ BANK OF INDIA
2010, 2009 0.8%
5% 2010
- 2010
2010
2009
2008 6.1% 2.6% 2010
7.1% 2010
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2010
2011-12
,
,
,
2011
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2011
2011
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2008-09 6.8% 2009-10 8%
2009-10 2010-11 8.6%
2010-11
0.4% 2010-11
5.4% : 2009-10 8%
8
2010-11 8.1%
2009-10 10.1% 2011 9.6%
2010-11
2010-11 37.5% 2010-11
2010-11
5.5%
5.1%
$ 23
2010
2011 11%
24%
2010-11
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2011
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$ 28
$ 305 2010-11 ,
3% ,
2.5%
-
, 2011-12
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2011
,
2011-12
,
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/ BANK OF INDIA
2011-12
75
6%
2011-12
2011-12 8%
2010-11
21.4%
,
, 18%
17.2% 15.8%
2010-11
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2010
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` 12,250
4.96%
2011
, ,
, ,
, 2010-11
2011-12
, 2011-12
2011-12 20%
, 2011-12
9
/ BANK OF INDIA
22.93% 2.43%
29.18%
, 2011
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11%, 17% 62%
45.05 42 3.05
31.03.2010 ` 1,35,193.96
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2010-11
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2009-10
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11
/ BANK OF INDIA
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/ BANK OF INDIA
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/ BANK OF INDIA
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15
/ BANK OF INDIA
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2010-11 ,
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/ BANK OF INDIA
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12 (xii)
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25
/ BANK OF INDIA
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,
, 2000
28
/ BANK OF INDIA
, ()
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31.03.2011 90,012 2010-11
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29
/ BANK OF INDIA
30
2010 and March 2011 by 11%. Net FIIs inflows were around
US$ 30bn during the year 2010-11.
Along with high growth, the economy also witnessed high
levels of inflation for the major part of 2010-11. RBI increased
policy rates 8 times beginning with March 2010 to contain
inflation. Though lending rates went up in line with policy
rates, banks have posted reasonably high growth in their
loan portfolio in 2010-11 given the strong demand impulses
in the economy. Advances for the Banking system grew by
21.5%, more than the Annual growth target of 20% set by
RBI. However, Deposit growth fell below RBIs target of 18%
for 2010-11 and recorded a growth of only 15.9%. Frictional
liquidity shortage because of Governments parking of the
more than expected 3G revenue auction money with the RBI
for an extended period contributed to the low deposit growth.
The rising crude and commodity prices coupled with demand
side pressures on inflation observed in the last couple of
months has rendered inflation management as the key policy
challenge as the economy enters 2011-12. The monetary
policy measures and the base effect are expected to bring
down inflation levels so as to sustain the high growth
momentum in the medium term. The strong lead indicators
for Manufacturing and Services, expectation of a normal
monsoon, resilience in the External Sector coupled with
prudent Macroeconomic Management are indicators of a
bright Financial year 2011-12.
During 2010-11, your Bank crossed the milestone of ` Five
lakh crore business mix mark. Global business of the Bank
reached a level of ` 5,15,040 crore registering a growth of
28.41%. Domestic business touched ` 4,18,110 crore as
on 31st March, 2011 showing an annual growth of 26.02%.
Overseas business grew by 39.87% to reach ` 96,930
crore. In a year of tight liquidity, your bank has done well
in mobilizing deposits. In contrast to banking systems
deposit growth of 15.9%, our growth was 26.9%. This helped
in improving our market share in deposits from 4.18% to
4.58%. On Advances front too, your Banks growth at 22.9%
was higher than the systems growth of 21.5%. Our share
in advances also increased to 4.07% in 2011 compared to
4.03% in 2010. CASA deposits rose to ` 73,138 Crore as on
31st March, 2011 as against ` 61,843 crore in the previous
year. The customer base of the Bank increased to 45.05
million, with the addition of 8.08 million new customers during
2010-11.
/ BANK OF INDIA
Notwithstanding the higher provisioning mandated by
the system towards superannuation related payments
for serving and retired employees, Net Profit for the year
2010-11 grew by 42.94% to ` 2,489 Crores. The higher
profit was on account of rising NIM and drop in NPAs.
NIM for domestic operations increased to 3.31% in FY
2011 from 2.92% in 2010. On global basis, NIM moved up
to 2.92% in FY 2011 from 2.51% in FY 2010. The Banks
Gross NPA ratio improved to 2.23% as at 31st March, 2011
in comparison to 2.85% as at 31st March, 2010 and Net
NPA ratio improved to 0.91% in March 2011 from 1.31%
in March 2010. Not only the NPA levels came down in
2010-11, the Bank made significant improvement in the
Provision Coverage Ratio. The Provision coverage ratio
improved considerably to 72.18% as at 31st March, 2011
from 65.51% as at 31st March, 2010. Employee Productivity
measured by Business per Employee and Gross Profit per
Employee too witnessed significant improvement in 2011.
While business per employee increased to ` 1,284 lacs as
at 31st March, 2011 from ` 1,011 lacs in the previous year,
Gross Profit per Employee increased to ` 17.89 lacs as at
31st March, 2011 from ` 11.86 lacs in the corresponding
period of the previous year.
31
/ BANK OF INDIA
The formation of Business groups and Verticals has led to
a focused attention of various market segments. Realising
that human capital is the most important asset in the service
oriented industry, the Bank has recruited and trained staff in
a big way.
Customer acquisition and introduction of new products and
services were given a new impetus. These steps will also
be pursued in the year ahead and prove rewarding to the
Bank. The Bank is well poised for a sustained growth and for
improving its market share.
Going forward, during 2011-12, the Banks outreach will be
expanded through opening up of new branches and setting
up of additional ATMs. Your Bank would focus on increasing
Agriculture, SME and Mid Corporate Business during
2011-12. Of course, the Inclusive Growth will continue to
receive due importance. On the International front, four new
centres would be added i.e. New Zealand, Uganda, Canada
and Botswana.
32
(Alok K Misra)
Date: June 6, 2011
/ BANK OF INDIA
DIRECTORS REPORT
The Board of Directors have pleasure in presenting the
Banks Annual Report along with the audited statement of
accounts and the cash flow statement for the year ended 31st
March 2011.
PERFORMANCE HIGHLIGHTS
FINANCIAL PARAMETERS
33
/ BANK OF INDIA
e-Payment for Direct & Indirect, Central Excise & Service Tax.
e-Freight Payment.
BUSINESS INITIATIVES
Keeping its growth aspirations in mind, the Bank has
embarked upon a new bold vision Sankalp 10,000. Sankalp
10,000 rests on the three pillars of Customer First, Building
Winning Teams & High performance Driven Culture.
34
/ BANK OF INDIA
(Amount in ` Crore)
Particulars
5,755.94 7,810.69
Non-Interest Income
2,616.64 2,641.77
0.96
Operating Expenses
3,667.81 5,068.24
38.18
Operating Profit
4,704.77 5,384.23
14.44
Provisions / Contingencies
2,963.70 2,895.52
-2.30
1,741.07 2,488.71
42.94
Net Profit
FINANCIAL REVIEW
FINANCIAL PERFORMANCE
The Bank recorded an Operating Profit of ` 5,384.23 crore,
(growth of 14.44% over previous year). Net Profit stood at
` 2,488.71Crore, recording a growth of 42.94%.
Net interest income grew by 35.70% on the backdrop of rise in
volume of business mix by 28.41% (from ` 4,01,078.83 crore to
` 5,15,040.06 crore). Non-interest income increased by 0.96%
and covered 52.12% of Operating Expenses as against 71.34%
in the previous year.
35.70
(`)
33.15
47.35
42.84
(`)
236.84
283.24
19.59
14.76
8.90
0.70
0.82
(%)
Parameters
2009-10
2010-11
Yield on Advances
8.42
8.62
Yield on Investment
7.46
7.59
Yield on Funds
7.14
7.14
Cost of Deposits
5.16
5.03
Cost of Funds
4.84
4.57
2.51
2.92
71.34
52.12
1.05
0.87
1.47
1.66
0.92
1.14
0.55
0.52
1.88
1.77
12.77
10.83
31.25
25.27
43.81
48.49
35
/ BANK OF INDIA
been declared. The total dividend payment amounts to ` 444.29
crore (including dividend distribution tax).
CAPITAL
Particulars
CAPITAL ADEQUACY
As per Basel II framework, the Banks Capital Adequacy
Ratio was at 12.17%, which was higher than the regulatory
requirement of 10%.
36
31.03.2010
Amount
31.03.2011
CRAR (%)
Amount
CRAR (%)
Tier I Capital
13,725
8.48
17,047
8.33
Tier II Capital
7,218
4.46
7,867
3.84
Total Capital
20,943
12.94
24,914
12.17
2,04,762
BORROWINGS
The Bank has raised debts instrument through private
placements like perpetual bonds and Upper Tier II Bonds and
Medium Term Notes (MTN) through overseas borrowings.
The bank has raised ` 300 crore through issue of IPDI and
` 1000 crore through Upper Tier-II instrument during the year
2010-11. The Bank has also redeemed Tier II Subordinated
bonds for ` 450 crore.
/ BANK OF INDIA
37
/ BANK OF INDIA
core inflation which reflects the demand side pressure and
guides monetary policy formulation rose to 7.1% in March
2011. Notwithstanding the benign base effect, persistence of
headline and core inflation at higher levels is likely to prompt
a hawkish monetary policy stance and a rise in the key policy
rates by at least 75 basis points during the course of 201112. The economy will have to grapple with high interest rates
till inflation is brought to more moderate levels of around 6%.
In the process, a few basis points of growth may be tucked
off in 2011-12. Nonetheless, the knocked off growth number
for 2011-12 will be around 8%, which will provide reasonable
scope for business growth.
Banking sector developments and outlook
Despite an elevated interest rate scenario, especially during
the latter part of the 2010-11, credit growth at 21.4% for the
entire year outpaced the growth recorded in the previous
year and also the target set by RBI; given the strong growth
of the economy. However, deposits growth could not match
the pace of credit and grew by 15.8% for the entire year
compared to 17.2% in the previous year against the target
of 18% set by the Reserve Bank of India. Reflecting the
relatively higher credit growth, the C-D ratio for 2010-11 was
seen at 75.68%, higher than the 72% recorded in 2009-10.
The system witnessed liquidity shortage much above RBIs
comfort level of 1% of NDTL for most part of the year. Both
structural and frictional factors contributed to the liquidity
shortage. To alleviate the liquidity shortage during 2010-11,
RBI opened a second window of LAF in May 2010 which
was in operation till the end of 2010-11 and also lowered
the SLR to 24% in December 2010. Increase in policy
rates coupled with tight liquidity position caused an upward
movement in both lending as well as deposit rates towards
the later part of the current financial year. However, banks
have been able to protect their NIM in the reported results for
the 3rd quarter of 2010-11.
Banking Sector Outlook
As per the rating agencies Fitch and Moodys, the outlook
for Indian banks would be stable in 2011. The stable outlook
reflects favourable operating conditions for banks, easing
asset quality concerns, improving loan loss reserves position,
solid capital levels, a strong retail deposit base, sound
liquidity and infusions of common equity by the government.
Though lending rates have gone up, banks have post
reasonably high growth in their loan portfolio in 2010-11 given
the strong demand. Lending activity by the banks will remain
buoyant in 2011-12 for a couple of reasons. First, the Indian
Meteorological Department expects normal Monsoon for
2011-12. Increased plan allocation for agriculture by 20% in
2011-12 coupled with increased spending by the government
in building the rural infrastructure and other welfare related
programmes will give a boost to rural income levels catalyzing
38
BUSINESS REVIEW
DEPOSITS
Banks deposits increased by ` 69,123.87 crore to
` 2,98,885.81 crore during the year recording a growth of
30.08%. The growth in domestic deposits was to the tune
of ` 56,378.47 crore or 28.68% as against previous years
growth of 23.26%.
Non-Resident Deposits of the Bank stood at ` 12,250 crore
which constituted 4.96% of aggregate domestic deposits.
/ BANK OF INDIA
39
/ BANK OF INDIA
RETAIL CREDIT
The Bank during the year 2010-11, pursued the policy of building
up healthy retail credit portfolio. In the post recessionary period
2010-11 the spring buds of reviving economy gave ample
opportunity for retail credit and the Banks retail credit portfolio
increased from ` 15,536 crore to ` 16,649 crore. During this
period the contours of retail credit were also redefined.
The Bank continues to pursue the Retail Hub concept and
started the process of migration to Retail Business Centre model
to expedite the processing of the Home Loans, Autofin loans
proposals. During the year a special scheme was introduced
for employees of Central Govt./PSUs/PSEs under Star Home
Loans, Star Autofin Loans and Star Personal Loans schemes,
wherein concessions in Rate of Interest and Processing
charges were offered. Home Loan segment recorded a growth
of ` 537 crore from ` 6,496 crore (March, 2010) to ` 7,033 crore
(March, 2011). The Bank has formulated basic guidelines for
entering tie-up with builders. In order to ensure that the tie-ups
are encouraged only with builders with proven track record, the
Zonal Managers have been empowered to scout and enter into
tie-ups with builders of repute locally. The Bank is participating in
the Central Government Sponsored special Interest Subvention
scheme to stimulate demand for credit to Housing in the middle
and lower income segment as announced in the Union Budget.
Education loan recorded growth of 13.14% increasing from
` 1,720 crore to ` 1,946 crore during the year. The Bank has
embraced the Interest subsidy scheme, wherein borrowers
who have availed education loans during academic year
2009-10 and hailing from Economically Weaker Section are
eligible for education loan interest subsidy from Government of
India, Ministry of HRD, through Nodal Bank. The Bank continues
to give top priority for extending credit for pursuing higher
education under the Star Education Loan scheme. Towards
this end, the Zonal marketing teams are constantly making
tie-up arrangements with local Institutions so that the students
requirements are speedily attended to by the Branches.
Autofin segment also recorded reasonable growth of 24.27%
increasing from ` 1,133 crore to ` 1,048 crore during the year.
The strategy of tie-up arrangement with various reputed Auto
manufacturers like Maruti Suzuki, Tata Motors, Hyundai Motors,
TVS and Hero Honda continues to provide healthy retail leads
to augment Autofin portfolio.
The growth in respect of important Retail loan schemes was
as under:
Scheme
31.03.2010 31.03.2011
Growth
Outstanding Outstanding
(` Crore)
(` Crore) Amount
%
(`
Crore)
6,496
7,033
537
8.27
1,720
1,946
226
13.14
1,133
1,408
275
24.27
40
Rural Banking
Financial Inclusion
Retail Banking
SME Banking
Mid-Corporate Banking
Project Finance
Transaction Banking
International Banking
Treasury
/ BANK OF INDIA
1.
Major highlights
RURAL BANKING
Priority Sector Advances
2010
2011
Growth
Amount
Percentage
1. Agriculture
17,921
22,069
4,148
23.14
2. Small Enterprise
25,810
31,297
5,487
21.25
3. Education
1,716
1,927
211
12.29
4. Housing
6,343
5,616
(727)
(11.46)
51,790
60,909
9,119
17.60
41
/ BANK OF INDIA
2.
Debt Swap
42
/ BANK OF INDIA
FINANCIAL INCLUSION
Financial Inclusion is integral to the inclusive growth process
and sustainable development of the country. There has
been a strategic shift in sustainable financial inclusion to
the adoption of market oriented approach viewing financial
inclusion as a viable business proposition. The paradigm
has decidedly shifted from CSR to economic viability.
It has been made possible with the availability of ICT
based solution to support secured and sufficiently low cost
transactions required by the financial sector. The Bank is
viewing these prospective banking service users through a
prism of opportunity rather than obligation.
The Bank has carved out Financial Inclusion as a new
Business Unit headed by a General Manager to drive
board approved Financial Inclusion Plan (2010-13). Bank
is committed to provide banking services through Business
Correspondents and ICT based hand held devices (micro
ATMs) to 29,000 villages, connect 125 lakh people through
no frill accounts with inbuilt overdraft facilities to take care
of their urgent consumption needs, extend entrepreneurship
credit to eligible people to earn their sustainable livelihood,
offer mobile based remittance facility to help mainly the
migrant labour/self employed to remit money to their family
members and facilitate access to Banks third party products
including Micro Insurance.
The progress under Financial Inclusion Plan (FIP) is
summarized as under:
6.01 lakh
GCC/KCC issued
Business Correspondents
1811
61
43
/ BANK OF INDIA
(Madhya Pradesh State) and Wainganga Krishna Gramin
Bank (Maharashtra State). All RRBs are profit making.
All Branches and administrative offices of three RRBs viz.
Aryavarta Gramin Bank, Narmada Malwa Gramin Bank and
Wainganga Krishna Gramin Bank are now on CBS platform.
Other two RRBs will also reach to this level by April 2011
against a targeted date of 30.09.2011 by RBI. Altogether
92% of the branches of RRBs with 95% business have been
brought on CBS. These banks are also going to start RTGS
and ATM services shortly. All RRBs taken together have a
branch network of 1,030 and have garnered a business mix
of ` 15,411 crore.
SME
The Bank has created a new SME vertical headed by a
General Manager to cater to the specific business needs
of the segment. A more inclusive definition has been given
for SME business to include all business activities with a
turnover of upto ` 100 crore. The vertical will look for growth
not only on credit, but CASA, retail business, fee based
income and third party products in the SME segment.
Strategies for SME business growth, as enunciated by the
Bank are:
The Bank has put in place an OTS scheme and exhort the
zones/branches to make effective use of the scheme to
reduce the NPA in the current year
44
FOREX BUSINESS
The forex business handled by the bank has shown good
growth. During the year 2010-11, Export turnover was ` 44,124
crore and the Import turnover was ` 35,327 crore. The Bank
continues to be a leading player in forex market. The aggregate
turnover of Banks Treasury Branch during the year was
` 5,86,326 crore.
TREASURY INVESTMENTS
The yield on benchmark 10 year G-Sec on 31.03.2010 which was
7.87% has since hardened to 8.01% as on 31.03.2011. However,
movement of G-Sec yields was highly volatile and the same
moved within a wide range of 7.37% to 8.25% during the year. The
Bank maintained a higher level of investments keeping a balance
between yield income and market risk. The Bank had maintained
/ BANK OF INDIA
SLR investments at higher level in excess of the required SLR
investments of 24% of Net Demand & Time Liabilities so that
the excess SLR can be utilised for borrowing from Repo/CBLO
window. The SLR investments at gross basis were ` 67,859 crore,
(82.28% of total investments) and Non-SLR investments stood at
` 14,611.16 crore, (17.72% of total investments).
The Investments are made in accordance with the
comprehensive policy in this regard approved by the Board.
The policy is reviewed periodically to respond to market
developments/regulatory requirements.
TREASURY OPERATIONS
The Bank continued to play an active role in all segments of
the market Funds, Forex and Bonds during the year 2010-11.
Taking advantage of G-sec rate movements, bank also churned
its investment portfolio and earned profits from trading and
sale of securities. The Bank has taken advantage of arbitrage
opportunity within various market segments and could place
the excess rupee funds in Certificate of Deposits (CD), Buy/Sell
Foreign Exchange swaps, term money market thereof earning
a spread of 2.5-3.5%. The Bank has built up a portfolio of
` 6,522.02 crore in CDs, lent ` 4,653.70 crore in domestic Money
Market as on 31.03.2011, earning a spread of approximately
2.50%.The Bank has subscribed to IPOs of good companies in
private and public sector and booked a profit of ` 19.64 crore.
The Bank has also invested in equity linked growth funds of
front line Mutual Funds and earned ` 8.40 crore profit. The Bank
pursued the strategy of building up and churning of about 40-50
front line stocks of various sectors depending upon the ongoing
market sentiments and sale of strategic stakes, thereby earning
a profit of ` 36 crore as on 31.03.2011 (` 13.42 crore as on
31.03.2010).
INTERNATIONAL OPERATIONS
The Bank has presence across 4 continents and 18 countries
covering all the major financial centres such as London,
New York, Paris, Tokyo, Singapore and Hong Kong. As on
31.03.2011, bank has a network of 29 branches and offices
abroad, including 5 representative offices.
The Bank has also received permission from RBI to expand
its overseas operations in Bangladesh, Canada, China, Egypt,
New Zealand, Madagascar, Qatar, South Africa, UK (Leeds and
Coventry), UAE and Vietnam. In New Zealand, the subsidiary
Bank of India (New Zealand) Limited has been registered as
a bank by the local regulators RBNZ on 31st March 2011. The
Bank has a Global Processing Centre (GPC) at Singapore
with identical IT systems at Banks foreign branches, thereby
improving the Management Information system and the
customer service.
Bank is acting as Mandated Lead Arranger (MLA) and Joint
Book Runner (JBR) for Multicurrency International Syndication
loans and has arranged loan in USD, JPY, EURO and GBP
45
/ BANK OF INDIA
Under the business model gold is procured from Commerz
Bank International S.A, UBS A.G and First Rand Bank on
consignment basis for catering to the needs of Jewellery
exporters and domestic jewellers. The Bank sold 13,723 kg
of gold in the year 2010-11, with a turnover of ` 3,261 crore,
thereby earning an income of ` 16.68 crore. The increase in the
earning during the year was 37.63%.
STAR CASH MANAGEMENT SERVICES (STAR CMS)
The Bank has active presence in CMS space since 2000;
but the entire CMS have been revamped by adopting latest
state of the art WEB based technology which has been made
operational since August, 2008. The Bank has also entered into
correspondence banking arrangement with 4-5 other Banks.
The Bank also has some of the corporate clients in its fold who
are availing of the CMS services and are fully satisfied. Due to
switch over to the WEB based software on ORACLE platform the
Bank is well positioned to handle any number of transactions.
The Bank has a separate department for CMS at Head Office
which monitors and controls the overall functioning of CMS. It
is under the direct control of the General Manager (Transaction
Banking). The CMS HUB located at M.G. Road, Mumbai takes
care of the operational side of the initiative.
The Bank has 3,490 branches which are operating on CBS
platform at more than 1000 cities and towns. All these branches
can be made available for CMS clients for availing various CMS
services.
Product-wise Capabilities
a.
Local Collections:
Physical Cash:
46
/ BANK OF INDIA
Amount
189.44
29.12
Total Recovery
218.56
31.03.09
(Actual)
31.03.10
(Actual)
31.03.11
(Actual)
1,931
2,471
4,883
Cash-Recovery
676
622
895
Upgradations
325
204
1,038
Write-off
384
743
881
Agr.Debt Waiver/Debt
Relief Scheme 2008
175
1,560
1,569
2,814
2,100
4,162
2,908
181
166
2,471
4,883
4,811
352
300
383
Net NPA
628
2,207
1,945
1.71
2.85
2.23
0.44
1.31
0.91
Less:
Add:
Slippages
(` in crore)
(` in crore)
Item
Total Reduction
During the year, on bid and Portfolio basis the Bank sold 9
impaired assets to various ARCs worth ` 21.69 crore on Cash
basis.
To boost recovery in small accounts, two existing schemes
have been modified during the year by the Bank as under:i)
ii)
31.03.2010
31.03.2011
No. of Brs. % to Total No. of Brs. % to Total
Metropolitan
628
19.58
660
18.91
Urban
607
18.93
645
18.49
Semi-Urban
701
21.86
841
24.09
Rural
1,271
39.63
1,344
38.51
Total Branches
3,207
100
3,490
100
31.03.2010 31.03.2011
1. SME Branches
29
100
2. Overseas Branches
04
03
13
00
02
10
5. Mid-Corporate Branches
28
40
6. N.R.I. Branches
06
04
7. Recovery Branches
15
15
36
30
01
01
9. Treasury Branch
27
33
01
01
01
01
37
40
01
201
279
47
/ BANK OF INDIA
31.03.2010
31.03.2011
3,236
3,519
29
29
3,207
3,490
Metropolitan
628
660
Urban
607
645
Number of branches
Foreign
Indian
Of which :
Semi-Urban
Rural
701
841
1,271
1,344
3,207
3,490
201
279
57
55
Computerised Branches
Fully computerised
Partially computerised
Specialised Branches
Extension counters
Training:
Sales Force and Relationship Managers are being
provided training from time to time either by the Training
Centers or at Zonal Office. During the current year,
training for all the Heads of Marketing and selected
Sales Force and RSMs from each zone at MDI, Mumbai
during April & May, 2010 has been imparted.
Sales Force Automation (SFA) Package:
Bank has launched IT enabled software package called
Sales Force Automation (SFA) i.e. Lead Management
System. The system will effectively capture, monitor,
track, closed and analyze the leads generated at various
levels. The system will also be used for administering
the incentive scheme as well.
Quick Wins Campaign:
Massive Contact Programme to meet Diamond
Customers. The Campaign was launched in 15 Centres
for contacting Diamond Customers, updating their data,
KYC compliance, opening of new value accounts,
cross selling of various Banks products and Third party
48
OPERATIONAL EXCELLENCE
Commitment towards Customers
The Bank reiterates its commitment to customer service
through a customer centric approach to achieve the goals set
under SANKALP 10,000.
The Bank has been a voluntary member of the Banking
Codes and Standards Board of India (BCSBI) since its
inception in 2006 to emphasise its customer orientation
and commitment to provide service of a high order in
a transparent manner, supplying the customer with the
necessary information to take an informed decision. BCSBI
revised Code 2009 was promptly adopted by the Bank
and displayed on website. Copies of the revised code are
distributed among customers for their information.
The Bank has adopted various customer centric policies
formulated by IBA - like Deposit Policy, Cheque Collection
Policy, Grievance Redressal Policy, Compensation Policy,
Recovery of Dues and Security Repossession Policy,
Simplified procedures for settlement of dues in deceased
depositors accounts and delivery of contents from Safe
Custody and SDV lockers in case of deceased constituents.
The Bank took following initiatives during the year to
enhance customer service at branches:
/ BANK OF INDIA
capital adequacy
(Basel II) based
Market Risk and
Risk as per RBI
INFORMATION TECHNOLOGY
Branch Automation
All branches of the Bank are now under the Core Banking
Solution (CBS) and new branches are directly being opened
under the CBS platform. In addition to that, all these
branches are RTGS/NEFT enabled. The Bank opened 105
new branches directly under CBS and also installed 105 new
ATMs on Banks Foundation day i.e. 07.09.2010.
Besides the regular banking modules, the Bank has ensured
that even ancillary portfolios viz. Government Business,
Safe Deposit Vault, PPF, SCSS (Senior Citizen Savings
Scheme), Government bonds are seamlessly integrated
under CBS platform ensuring one-stop-shop for everyone
avoiding hopping between various systems. The Bank has
implemented Straight Through Processing (STP) between
CBS and various Payments Systems/other applications to
eliminate the need for data entry at multiple systems & hence
ensuring integrity & reliability of data. This has also ensured
auto reconciliation of these entries within the system itself.
49
/ BANK OF INDIA
The following customer centric enhancements have been
implemented:
The Bank introduced issuance of insta-pin for Debit-cumATM Card. This will address the customer grievance for
non-receipt of Re-pin and also save the effort and expense
in generating and mailing Re-pins.
Data Centre
ISO 27001:2005 certified Data Centre with 1:1 redundancy
of physical hardware Infrastructure between primary site to
secondary site with the Recovery Time Objective (RTO) of 15
minutes has been successfully established by the Bank. The
primary site is situated at Mumbai and Disaster Recovery site
(DR) situated at Bangalore. The Near Site (NR) has been
established with primary site storage replication for zero
data loss. The Data Centre handles on an average 43 lakh
transactions per day. All offices, branches and data centres
are connected in WAN network with 24 hours dual power
supply from two DG-Sets through UPS.
The Data Centre deploys three tier architecture i.e. database,
application and web, which are deployed in different high-end
servers with latest version of operating systems, RDBMS and
applications for better management and performance.
The Banks security and network infrastructure is designed
considering availability/capacity requirements. The data
centre also has a strong physical security control with Bio
metric authentication for critical areas of server and network
farms. Dedicated resources working on 24X7X365 days
equipped with latest Building Management Systems to
control and optimise management of power cooling, Fire
protection and data centre infrastructure system is in place.
The entire premises are covered with surveillance cameras
to monitor 24X7X365.
50
Internet Banking
A fast and secure internet banking facility is available to the
Banks customers for utility bill payments, air & rail ticket
booking, online shopping, inter-bank and intra bank fund
transfers, tax payments.
The Bank is the first PSU Bank in India to implement Twofactor Authentication (2FA) Star Token for both Retail
and Corporate internet banking customers as an additional
security measure. The Banks customers enjoy the
convenience of secured Anytime, Anywhere, Anyhow hassle
free Banking from the comfort of their homes and offices with
a click of a mouse.
/ BANK OF INDIA
Some of the features introduced during the year are:
e-Freight Payment.
51
/ BANK OF INDIA
INFORMATION SECURITY
RBI constituted the Working Group on Information Security,
Electronic Banking, Technology Risk Management and Cyber
Frauds. The Group examined various issues arising out of
the use of Information Technology in banks and made its
recommendations in nine broad areas of IT Governance,
Information Security, IS Audit, IT Operations, IT Services
Outsourcing, Cyber Fraud, Business Continuity Planning,
Customer Awareness programmes and Legal aspects.
RBI has mandated banks to ensure implementation of
basic organizational framework and put in place policies
and procedures which do not require extensive budgetary
support, infrastructural or technology changes, by
October 31, 2011.
To implement these guidelines, the Bank is in the process
of setting up IT Governance Framework consisting of
formation of IT Strategy Committee represented by the
various departments, adopting industry standard processes
for IT service management and IT service delivery,
implementing COBIT (Control Objectives on IT) standard etc.
The above measures would facilitate the Bank in the
implementation of RBIs recommendations meticulously
in a phased manner. To improve the Information Risk
management processes, the Bank has taken several steps
like getting PCI-DSS certification to secure customers card
related data. Initiating a project on Business continuity
namely BS-25999 which would ensure that effective Business
continuity for all critical IT assets and Treasury department is
in place in a disastrous situation.
The bank is also in the process of setting up Enterprise wide
identity and Access management system, Active Directory
across all the branches so that banking operations are
delivered seamlessly, quickly and securely using IT.
HUMAN RESOURCES DEVELOPMENT
Human Resources Department is instrumental in creating
a vibrant organizational culture in which employees are
encouraged and motivated to perform their best. HRD,
through its continuous training and development programmes
and modules, acts as a catalyst in augmenting the
competencies of employees and equip them with right skills
and knowledge for meeting ever changing business needs of
customers in different segments.
The Bank has six training colleges across the country. While
the Management Development Institute (MDI), CBD Belapur,
Navi Mumbai is Apex level training establishment, four
Staff Training Colleges (STCs) are at strategic locations at
Bhopal, Chennai, Noida and Kolkata besides one Information
Technology Training Centre (ITTC) at Pune. During the
year in all 22,644 employees of the Bank and 13,560
employees from other organizations were imparted training in
1,044programmes organized at these colleges.
During the last one year, 3,066 newly recruited direct recruit
officers joined the Bank for whom exclusive Induction training
52
/ BANK OF INDIA
Policies, Recruitment & Promotion
Human Resources play a vital role in accomplishment of
corporate goals. In a service-oriented industry like Banking,
success depends on introduction of innovative products
on an ongoing basis to suit the constantly changing
requirements of customers. Banking industry as a whole
is facing acute shortage of staff and all Banks are making
all out efforts to recruit employees both in Clerical and
Officer cadre. While conscious attempts are being made
to improve / infuse young employees to replace the super
annuating employees, both directly from market as well
as through campus, the Bank could partly succeed due to
various inherent constraints such as reluctance of young
candidates to accept rural postings, monetary compensation,
simultaneous recruitment of staff by all Public Sector Banks.
The Bank initiated steps for recruitment of 2,000 General
Banking Officers in JMGS I, and 2,467 Clerical Staff. The
newly recruited Clerks and Officers including Specialist
Officers are expected to report for duties in the first quarter
of financial year 2011-12. Process for recruitment of 250
Agricultural Officers in JMGS I, 100 Marketing Officers
in MMGS II, 100 Finance Executives in MMGS II, 200
Chartered Accountants in MMGS II, has already commenced
and it is expected to be concluded shortly.
It is proposed to recruit 1,500 officers and 2,400 clerks
during financial year 2011-12 to take care of projected
branch business expansion as well as retirements / VRS.
Furthermore, recruitment is planned for Specialist of Officers
in various disciplines of Agriculture, Marketing, Finance, IT,
Law, HR&IR, Technical (Evaluation) as per the requirement of
functional and support departments.
The training colleges are tuned to conduct specially designed
induction programmes to provide the required degree of skill
and knowledge to the newly recruited staff members.
The other initiatives being taken on the HR front include:
Cadre
Pre-Recruitment
No. of
Duration
Programmes period of
conducted Programme
Pre-Promotion
No. of
No. of
Duration
Persons Programmes period of
Trained
conducted Programme
SCs STs
a)
Officers
12
6 days
1,394 495
b)
Clerks
22
6 days
7,251 2,362
c)
Sub-Staff
No. of
Persons
Trained
SCs STs
6 days
31
6 days
62
11
713 233
(Provisional)
March 2010
Officers
Clerks
SC
2,593
2,702
2798
8093
% to total Staff in
Indian Offices
17.29
15.48
35.65
20.08
ST
1,126
1,270
810
3206
7.51
7.27
10.32
7.95
OBC
764
1,000
949
2,713
% to total Staff in
Indian Offices
5.09
5.73
12.09
6.73
% to total Staff in
Indian Offices
Sub-Staff
Total
53
/ BANK OF INDIA
LEGAL
The Legal Department guides the Bank in the process
of recovery by filing suits and/or through action under the
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act 2002 (SARFAESI
Act). In addition to the same, the Legal Department also
monitors and guides the Zones and Branches for proper
implementation of the Right to Information Act 2005.
The Bank has designated Central Public Information
Officers (CPIO) and Appellate Authorities (AA) for its
National Banking Group offices, Divisional Offices and Large
Corporate Branches in addition to the existing CPIOs and
AAs for its Zonal Offices and Branches under the respective
Zones to attend to the requests and appeals of the Public in
time.
The Bank also has a Central Public Information Officer
and Appellate Authority at the Head Office to attend to
requests received at Head Office. The vital information
about Bank required under the Right to Information Act is
placed on Banks website. The Bank has been disposing of
all applications and appeals received from parties within the
time prescribed under the Act.
COMPLIANCE
Compliance in a regulatory context is of prime importance,
perhaps because of an ever-increasing number of regulations
and a fairly widespread lack of understanding about what is
required for an organisation to be compliant. Compliance has,
thus, increasingly become a concern of corporate governance.
A Compliance Function Policy for the Bank was adopted
by the Board as per Reserve Bank of India guidelines. An
independent Compliance department, headed by a Chief
Compliance Officer (of the rank of General Manager), is in
operation in the Bank. Compliance of statutory, regulatory
and internal guidelines of the Bank is the scope of operation
of the compliance function of the Bank.
The department has prepared Compliance Rules in the
following areas of branch banking:
Return
Frequency
No. Of Rules
Monthly
51
Quarterly
62
Advances
Quarterly
63
FEMA
Quarterly
119
54
/ BANK OF INDIA
55
/ BANK OF INDIA
2010-11, issued by Government of India. For effective
implementation of Official Language Policy, the Bank has
conducted review meetings for all Official Language Officers
to boost the implementation of Hindi. The bank has also
successfully organized various customer related programmes
in Hindi as per directives of Reserve Bank of India and
Government of India, Ministry of Finance.
Total 60 Hindi workshops were conducted during the year in
which 1,293 Officers/Clerks were trained to use Hindi in day
to day banking functions. The Bank received various awards
for implementation of Official Language policy. Prominent
among them are Town Official Language Implementation
Committee (TOLIC) prizes to Patna, Pune, Khandwa, Ujjain,
Bhubaneshwar and Ludhiana zones. Bank has also received
Consolation prize from State Level Bankers committee, Pune
& RBI Governer Rajbhasha Sheild for Region B respectively.
All the information in Banks website is being published in
Hindi also. The facility of Hindi has also been provided in
ATM for ATM users.
56
/ BANK OF INDIA
Bank of India (Tanzania) Ltd.
Bank of India (Tanzania) Ltd. is wholly owned subsidiary of
the Bank and commenced operations on 16th June 2008 with
first branch at Dar-Es-Saleam.
Bank of India (New Zealand) Ltd.
Bank of India (New-Zealand) Ltd. is wholly owned subsidiary
of the Bank with ` 176.95 crore paid up capital. The Bank
has received a license to operate as a Bank from Reserve
Bank of New Zealand on 31-03-2011. The operations are
likely to start shortly.
57
/ BANK OF INDIA
ii)
b)
c)
58
CORPORATE GOVERNANCE
A detailed report on Corporate Governance, being a part of
Directors' Report is appearing from page no. 59 to 76.
ACKNOWLEDGEMENT
The Board express its gratitude to the Government of India,
Reserve Bank of India and Securities and Exchanges Board
of India for the valuable guidance and support received from
them. The Board places on record its deep appreciation for
the services and contributions made by Shri M. Narendra
(Ex Executive Director), Shri K.S. Sampath, Shri A.V.
Sardesai, Shri Amit K. Motayed, Shri Indresh V. Singh, all
Directors of the Bank, who have relinquished office during
the year. The Board also thanks financial Institutions and
correspondent banks for their co-operation and support. The
Board acknowledges the unstinted support of its customers
and shareholders and also wishes to place on record its
appreciation of staff members for their dedicated services
and contribution for the overall performance of the Bank.
Place : Mumbai
Date : 02.05.2011
(Alok K Misra)
Chairman & Managing Director
/ BANK OF INDIA
CORPORATE GOVERNANCE
Board of Directors :
- ( )
, 1970
,
. .
.
(31.10.2010 )
.
(01.11.2010 )
..
(31.07.2010 )
.
(03.08.2010 )
..
(31.12.2010 )
.
(01.01.2011 )
.
. .
(31.01.2011 )
(01.02.2011 )
. .
.
. .
Executive Director
Shri M. Narendra
(upto 31.10.2010)
Executive Director
Shri N. Seshadri
(From 01.11.2010)
Executive Director
Shri G. Mahalingam
(From 03.08.2010)
Shareholder Director
Shareholder Director
Shareholder Director
59
/ BANK OF INDIA
-
49
. ,
. , 58 , 01.11.2010
.
30 , 1953 1975
35
.
.
. , 54 , () ,
, ..
03.08.2010
01.02.2011 -
,
(.)
Shri G. Mahalingam
Shri G. Mahalingam, 54 years, is a Post Graduate in Science
(Statistics), M.B.A. in International Banking and Finance from
Birmingham Business School, U.K. He is a Chief General
Manager of Reserve Bank of India. He has been appointed
by the Central Government as a Director of Bank with effect
from 03.08.2010.
Shri Harvinder Singh
Shri Harvinder Singh is the Non workmen Employee
Director appointed by the Bank with effect from 01.02.2011.
Shri Harvinder Singh is the General Secretary of the
Federation of Bank of India Officers Association. He is
Commerce Post graduate (M.Com) and also done LLB.
Name of Directors
1.
Holding of
Date of
Banks Appointment
Equity
as
shares
Director
Shri Alok K Misra
60
400
05.08.2009
Area of
Expertise
Directorships of other Companies
Member of Board
Committees
i) -
ii) .
Banking
i)
ii)
Member
Chairman
/ BANK OF INDIA
Name of Directors
2.
Holding of
Date of
Banks Appointment
Equity
as
shares
Director
15.10.2008
.
Shri N. Seshadri
4.
. .
3.
01.11.2010
05.07.2007
Area of
Expertise
Member of Board
Committees
i)
ii)
iii)
iv)
Banking
i)
ii)
iii)
iv)
v)
1. .
2. .
() .
.
.
- -
.
v) ..
ASREC (India) Ltd.
BOI Shareholding Ltd.
BOI Tanzania Ltd.
Star Union Dai-ichi L.I.C. Ltd.
P.T. Bank Swadeshi, Tbk.
Banking
1.
2.
1. ..
2. .
3.
.
4.
5. ..
Administration
1.
2.
3.
4.
5.
Member
Chairman
5.
03.08.2010
6.
19.01.2009
7.
600
01.02.2011
8.
..
100
25.10.2008
9.
10.
Shri G. Mahalingam
Dr. Shanta Chavda
Shri Harvinder Singh
Shri M.N. Gopinath
500
25.10.2008
. .
600
25.10.2008
Banking
Literature
Banking
Banking
1. .
2.
.
Banking
Administration
1.
2.
IFCI Ltd.
Stock Holding Corporation of
India Ltd.
...
61
/ BANK OF INDIA
49
/
14
:
21.04.2010
07.05.2010
26.05.2010
30.06.2010
14.07.2010
31.07.2010
12.08.2010
06.09.2010
22.10.2010
16.11.2010
29.12.2010
21.01.2011
01.02.2011
30.03.2011
:
Details of attendance of the Directors at the Board Meetings are as follows:
Attendance Recorded
Meetings held
during their tenure
Name of Directors
14
14
..
14
14
Shri M. Narendra
Shri N. Seshadri
14
..
Shri G. Mahalingam
..
11
11
14
14
..
12
12
..
12
14
12
14
..
14
14
(
) , 1970
, / , /
31.03.2011 7 ,
2 , 3
62
/ BANK OF INDIA
31
:
08.04.2010
21.04.2010
28.04.2010
08.05.2010
17.05.2010
26.05.2010
08.06.2010
22.06.2010
30.06.2010
09.07.2010
19.07.2010
30.07.2010
09.08.2010
18.08.2010
30.08.2010
15.09.2010
25.09.2010
09.10.2010
19.10.2010
30.10.2010
16.11.2010
02.12.2010
16.12.2010
08.01.2011
19.01.2011
01.02.2011
18.02.2011
01.03.2011
10.03.2011
18.03.2011
26.03.2011
Name of Directors
..
.
.
..
.
.
.
..
..
..
Attendance
Record
30
(-)
Meetings held
during their tenure
31
31
31
Shri M. Narendra
20
20
Shri N. Seshadri
10
11
12
12
Shri G. Mahalingam
13
19
14
14
11
11
13
18
21
20
20
/ to 31.03.2011
01.04.2010 / to 31.03.2011
01.04.2010 / to 31.10.2010
01.11.2010 / to 31.03.2011
01.04.2010 / to 31.07.2010
03.08.2010 / to 31.03.2011
01.04.2010 / to 28.05.2010
29.11.2010 / to 01.01.2011
22.07.2010 / to 21.01.2011
01.04.2010 / to 21.07.2010
02.02.2011 / to 31.03.2011
01.08.2010 / to 31.01.2011
29.05.2010 / to 28.11.2010
22.01.2011 / to 31.03.2011
01.04.2010 / to 31.07.2010
02.01.2011 / to 31.03.2011
01.04.2010
()
-
6 , ,
,
2
11 :
20.04.2010
07.05.2010
26.05.2010
31.07.2010
13.08.2010
06.09.2010
09.10.2010
22.10.2010
22.12.2010
21.01.2011
30.03.2011
63
/ BANK OF INDIA
Name of Directors
..
Attendance
Record
Meetings held
during their tenure
Period
11
11
01.04.2010
/ to 31.03.2011
Shri M. Narendra
01.04.2010
/ to 31.10.2010
Shri N. Seshadri
01.11.2010
/ to 31.03.2011
11
01.04.2010
/ to 31.03.2011
..
01.04.2010
/ to 31.07.2010
Shri G. Mahalingam
03.08.2010
/ to 31.03.2011
01.04.2010
/ to 31.12.2010
..
01.01.2011
/ to 31.03.2011
49 ,
,
/
/
/ :
.
, ,
4
:
08.06.2010
16.11.2010
29.12.2010
Name of Directors
.
. ..
.
.
..
64
10.03.2011
Attendance
Record
Meetings held
during their tenure
Period
Shri M. Narendra
Shri N. Seshadri
/ to 31.03.2011
01.04.2010 / to 31.03.2011
01.04.2010 / to 31.10.2010
01.11.2010 / to 31.03.2011
01.04.2011 / to 31.03.2011
01.04.2010
/ BANK OF INDIA
14.07.2010
/ :
,
//
:
() . . : , 13,
, , ,
, , ,
, - 400 072 022-67720300, - 022-28591568,
E-mail : boi@shareproservices.com
() . ,. , 912,
, , - 400 021.
:
Apart from the above, investors may also contact the Bank at
its Share Department at
, 8 , , -5, ,
, (), - 400 051, 022-66684444,
- 022-66684491, - l: headoffice.share@bankofindia.co.in
( ) , 2007
26 31.03.2011
Nature of Meeting
1
Date & Time
17.03.2011
3.30
Venue
, , , () - 400 051.
3.30 P.M.
2
14.07.2010
3.00
, , , () - 400 051.
3.00 P.M.
3
11.07.2009
: 11.00
, , , () - 400 051.
11.00 A.M.
4
23.10.2008
: 11.00
, , , () - 400 051.
11.00 A.M.
5
11.07.2008
2.30
, , , () - 400 051.
2.30 P.M.
65
/ BANK OF INDIA
:
, 1949 (
) , 1970 ( )
, 1970
(- , ,
) 49
i)
:
, ,
:
: ` 5,000/-
: ` 2,500/-
ii)
, ,
-
iii) , ,
` 1009.99
I
` 464.07
` 10/- 2,13,04,870
-
:
. .
1
Date of Issue
11.06.2010
Sr. No.
Remuneration of Directors :
Description of Bonds
Present Coupon
Rate
(` )
Amount
(` in crores)
II VI
8.48%
1000
VI
9.05%
300
/ TOTAL
1300
09.09.2010
66
/ BANK OF INDIA
I II
iv) ,
v)
47() ,
, ,
-
:
30
,
vi) . //-16
31 , 2002
/
-
:
( -
/ , ,
( ) /
/
www.bankofindia.co.in.
()
()
67
/ BANK OF INDIA
, 2 , 2011
Board Meeting for considering Annual Audited Accounts of Bank of India and
recommendation of dividend
15 , ,
14.7.2011 3.30
,
1, , , - 400 020.
9.6.11
9.7.2011
9th
( )
25th
3 -
45
.,
. :
. ()
()
/ to 19.6.2011
/ to 14.7.2011
/ July, 2011
/ July, 2011
532149 / BOI
BANKINDIA EQ
ISIN Number
INE084A01016
2011-2012
Annual listing fee for 2011-12 has been paid to both of the
stock exchanges.
- ( I II
) :
I II 31.03.2011
. .
Sr.No.
1.
2.
3.
4.
5.
68
(` )
350.00
200.00
/ INE084A09050
/ INE084A09068
/ INE084A09076
/ INE084A09084
/ INE084A09100
5.88% - V-2014
5.90% - VI-2014
7.10% - VII-2014
7.50% - VIII-2014
8.00% - IX-2016
TOTAL VALUE
(` in Crores)
300.00
750.00
200.00
ISIN NO.
/ BANK OF INDIA
. .
Sr.No.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
9.35% II - 2016
11.15% II - II-2018
8.45% II - III-2019
8.50% II - IV-2019
8.54% II - V-2020
8.48% II - VI-2020
10.55% - I
10.45% - II
10.40% - III
8.90% - IV
9.00% - V
9.05% - VI
(` )
732.00
/ INE084A09118
/ INE084A09159
/ INE084A09175
/ INE084A09183
/ INE084A09209
/ INE084A09217
/ INE084A09126
/ INE084A09134
/ INE084A09142
/ INE084A09167
/ INE084A09191
/ INE084A09225
TOTAL VALUE
(` in Crores)
500.00
500.00
500.00
1000.00
1000.00
400.00
100.00
155.00
400.00
325.00
300.00
TOTAL
7712.00
..
2011-2012
31 , 2011
:
ISIN NO.
/ Agency
/ Rating
()
Baa 2
( )
(-)
BBB (-)
.()
CAREAAA
()
Investment Information and Credit Rating Agency (ICRA) for Term Deposit Programme
MAAA
()
LAA+
() .
AAA
() .-
1+
P1+
. .
BWR AAA
..
BWR AAA
69
/ BANK OF INDIA
Dematerialisation of Shares
- ()
.() ()
. ()
31.03.2011
:
No. of shares
% shareholding
Physical
117855
17913330
3.28
NSDL
67568
165003354
30.19
CDSL
27913
363563686
66.53
Total
213336
546480370
100.00
Category
Code
(I)
()
70
Category
of
Shareholders
(II)
(1)
() /. ..
() /
Number
of Shareholders
Total
No. of
shares
(III)
Number of
shares held
in demated
form
(IV)
(V)
Total shareholding as
a percentage of total
number of shares
As a percentage of
Shares pledged
or otherwise
encumbered
. %
(+)1
(++)
(A+B) 1
(A+B+C)
Number of
Shares
As a
%
(VI)
(VII)
(VIII)
(IX)=(VIII) /
(IV)*100
(b) Cental/State
Government (s)
()
() /
() ( )
- ()(1)
(2)
() /
()
()
() ( )
- () (2)
()=()(1)+()(2)
0.00
0.00
359884870 359884870
65.86
65.86
0.00
359884870 359884870
65.86
65.86
0.00
0.00
(d) Financial
Institutions/Banks
Sub-Total (A) (1)
(2) Foreign
(a) Non Resident
Individuals /
Foreign Nationals
(c) Institutions
(d) Any Other (specify)
Sub-Total (A) (2)
Total holding of
Promoter and Promoter
Group(A)=(A)(1)+(A)(2)
0.00
0.00
0.00
0.00
359884870 359884870
65.86
65.86
0.00
0.00
/ BANK OF INDIA
Category
Code
Category
of
Shareholders
(I)
()
(II)
() /
(b) Financial
Institutions/Banks
() /
(c) Central/State
()
()
()
()
Government(s)
Investors
( )(1)
(2)
Total
No. of
shares
(III)
Number of
shares held
in demated
form
Total shareholding as
a percentage of total
number of shares
As a percentage of
Shares pledged
or otherwise
encumbered
. %
(+)1
(++)
(A+B) 1
(A+B+C)
Number of
Shares
As a
%
(VI)
(VII)
(VIII)
(IX)=(VIII) /
(IV)*100
(IV)
(V)
45
10126382
10125682
1.85
1.85
22
1181871
1181071
0.21
0.21
500
500
0.00
0.00
24
57004962
57004962
10.43
10.43
232
78012421
78007421
14.28
14.28
146326136 146319636
26.77
26.77
324
()
()
(b) Individuals
1843
7476716
7101016
1.37
1.37
209744
29483403
12777573
5.40
5.40
26
870051
870051
0.16
0.16
160200
0.03
0.03
1395
2278994
1613894
0.41
0.41
213011
40269364
22362534
7.37
7.37
share capital in
excess of ` 1 lakh
()
Number
of Shareholders
(1) Institutions
() /
ii)
(1)
i)
() )
Any Other
()(2)
()=()(1)+()(2)
213335
186595500 168682170
34.14
34.14
()+()
213336
546480370 528567040
100.00
100.00
0.00
0.00
0.00
0.00
1.
0.00
0.00
0.00
0.00
2.
Public
0.00
0.00
0.00
0.00
546480370 528567040
100.00
100.00
0.00
0.00
() + () + ()
Custodians and
against which Depository
GRAND TOTAL
(A) + (B) + (C)
213336
71
/ BANK OF INDIA
I)
()
(I)
` '
: 532149
31.03.2011
.
.
Number of
shares
Sr.
No.
( (1)
()
() + () + ()
Shares pledged or otherwise encumbered
Shares as a percentage of
total number of shares
(i.e. Grand total of (A)+(b)+(C)
indicated in statement
at para (I) (a) above)
Number of
Shares
As a
%
(++)
%
(1) ()
As a % of
grand total
(A+B+C) subclause (I) (a)
PRESIDENT OF INDIA
359884870
65.86
0.00
0.00
0.00
/ Total
359884870
65.86
0.00
0.00
0.00
(I)
() ''
1
(I)
: 532149
SCRIP CODE : 532149
Number of shares
..
( (1) ()
() + () + ()
Sr.
No.
45409021
8.31
25030889
4.58
/ Total
70439910
12.89
(I) ()
(I) (d) Statement showing details of locked-in shares
: 532149
( (1) ()
( + + ) )
.
.
Sr.
No.
1
Name of the
shareholder
President of India
72
Category of
shareholders
Promoters/Public
Promoters
359884870
65.86
/ BANK OF INDIA
31 , 2011
Distribution of Shareholdings as on 31st March, 2011
/ Folio
No of Equity Shares held
Upto 500
/ Nos.
/ to 1000
1001 / to 5000
5001 / to 10000
10001 / & above
/ Total
501
/ Shares
/ %age
/ Nos.
/ %age
207452
97.24
25166649
4.61
4143
1.94
2925938
0.54
1216
0.58
2633741
0.48
153
0.07
1115593
0.20
372
0.17
514638449
94.17
213336
100.00
546480370
100.00
/ : () - :-
Share Price/Volume : The monthly high and low quotation and the volume of Shares traded on NSE are as under:-
Period
, 2010
, 2010
, 2010
, 2010
, 2010
, 2010
, 2010
, 2010
, 2010
, 2011
, 2011
, 2011
April, 2010
31.03.2011
Highest `
400.00
Lowest `
-
Volume of shares
traded
341.25
13121633
15492126
May, 2010
385.90
310.60
June, 2010
353.90
320.50
11534735
July, 2010
415.00
346.10
22585218
August, 2010
476.40
415.80
24096699
September, 2010
528.60
443.35
24005490
October, 2010
589.00
478.20
33113756
November, 2010
529.85
388.35
30309676
December, 2010
499.15
413.50
29312269
January, 2011
489.90
408.90
23839345
February, 2011
465.90
392.00
14334696
March, 2011
485.90
442.60
18158865
` 475.35 () / (NSE)
` 25977 / crore
73
/ BANK OF INDIA
iii) -
49 -1
- :
i)
ii)
4
-
:
: 02.05.2011
74
( )
Place : Mumbai
Date : 02.05.2011
(Alok K Misra)
Chairman & Managing Director
/ BANK OF INDIA
Head Office: Star House, C-5, 'G' Block, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051.
,
31 , 2011
:
: 02.05.2011
( )
DECLARATION
The Bank has laid down a Code of Conduct for all the directors and Core Management of the
Bank, the text of which posted on the Banks website. The Directors and Core Management
have affirmed compliance with the Code of Conduct for the financial year ended 31st March,
2011.
Place : Mumbai
Date : 02.05.2011
(Alok K Misra)
Chairman & Managing Director
75
/ BANK OF INDIA
49
31 , 2011
( ..004207)
( ..002405)
( ..104863W)
(.)
. 28684
( . )
. 71600
. 033951
(C. Naresh)
Partner
M. No. 28684
(Anil K. Saxena)
Partner
M. No. 71600
(Sunil Hirawat)
Partner
M. No. 033951
..
( ..301088E)
( ..003582S)
( ..101720W)
(.. )
. 14722
(.)
. 8646
(.. )
. 33523
(K.K. Bhanja)
Partner
M. No. 14722
(S. Chandran)
Partner
M. No. 8646
2 , 2011
76
Mumbai,
2nd May, 2011
(H.P. Chaturvedi)
Partner
M. No. 33523
/ BANK OF INDIA
31 , 2011
31 , 2011
Balance Sheet
As at 31st March, 2011
&
Profit and Loss Account
For the year ended 31st March, 2011
77
/ BANK OF INDIA
31 , 2011 -
BALANCE
I.
Schedule
No
1
2
3
4
(000's Omitted)
As at
31-03-2011
31-03-2010
`
`
As at
5,472,195
167,434,602
2,988,858,063
220,213,756
5,259,146
137,040,792
2,297,619,439
223,998,955
129,746,875
85,746,253
TOTAL
3,511,725,491
2,749,664,585
217,824,332
156,026,240
7
8
9
10
11
155,275,558
858,724,176
2,130,961,817
24,807,363
124,132,245
156,275,098
670,801,795
1,684,907,098
23,518,088
58,136,266
3,511,725,491
2,749,664,585
12
1,635,305,789
126,748,343
1,350,987,825
118,101,637
II.
ASSETS
Cash and balances with Reserve
Bank of India
Balances with Banks and money
at call and short notice
Investments
Advances
Fixed Assets
Other Assets
TOTAL
Contingent Liabilities
Bills for Collection
-
The Schedules referred to above form an integral part of the Balance Sheet.
, 1949 `' -
The Balance Sheet has been prepared in conformity with Form A of the Third Schedule to the Banking Regulation Act, 1949.
Alok K Misra
DIRECTORS
Tarun Bajaj
G. Mahalingam
. .
. .
M. N. Gopinath
Prakash P. Mallya
Harvinder Singh
. .
B. A. Prabhakar
N. Seshadri
Executive Directors
Chartered Accountants
( .. 004207)
(. )
( .. 002405)
. 71600
(Sunil Hirawat)
Partner
. 033951
L B Jha & Co
Chartered Accountants
Chartered Accountants
( .. 003582)
( .. 101720)
(. )
(. . )
(K. K. Bhanja)
(S. Chandran)
Partner
Partner
. 14722
Partner
( .. 104863)
Partner
(. . )
Chartered Accountants
( )
(Anil K. Saxena)
( .. 301088)
( . )
(C. Naresh)
78
Chartered Accountants
. .
. 28684
nd
, 2 , 2011
. 8646
(H. P. Chaturvedi)
Partner
. 33523
/ BANK OF INDIA
31 , 2011
PROFIT
AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2011
Schedule
I.
(000's Omitted)
31-03-2011
`
31-03-2010
`
217,517,238
26,417,749
243,934,987
178,779,879
26,166,363
204,946,242
139,410,323
50,682,387
28,955,213
219,047,923
121,220,429
36,678,137
29,636,987
187,535,553
24,887,064
24,887,064
17,410,689
17,410,689
6,250,000
12,158,730
49,817
(14,437)
4,442,954
2,000,000
4,500,000
6,255,641
379,149
(10,566)
4,286,465
2,000,000
24,887,064
17,410,689
47.35
33.15
No.
INCOME
Interest earned
13
Other income
14
TOTAL
II.
EXPENDITURE
Interest expended
15
Operating expenses
16
Provisions and Contingencies
TOTAL
III.
PROFIT
Net Profit for the period
:
Add: Profit brought forward
TOTAL
IV.
APPROPRIATIONS
Transfer to Statutory Reserve
Transfer to Revenue Reserve
Transfer to Capital Reserve
- Transfer (from)/to Special Reserve-Currency Swap
( )
Final Dividend (including dividend tax)
, 1961 Special Reserve u/s Sec 36(1) (viii) of
36(1)(viii) Income Tax Act,1961
TOTAL
(`)
Earnings Per Share (`)
-
The schedules referred to above form an integral part of the Profit and Loss Account.
, 1949 ''
The Profit and Loss Account has been prepared in conformity with Form B of the Third Schedule to the Banking Regulation Act, 1949.
Alok K Misra
DIRECTORS
Tarun Bajaj
G. Mahalingam
. .
. .
M. N. Gopinath
Prakash P. Mallya
Harvinder Singh
. .
B. A. Prabhakar
N. Seshadri
Executive Directors
Chartered Accountants
Chartered Accountants
( .. 004207)
(. )
( .. 002405)
. 71600
Partner
. 033951
Chartered Accountants
Chartered Accountants
( .. 003582)
( .. 101720)
(. )
(. . )
(K. K. Bhanja)
(S. Chandran)
Partner
Partner
. 14722
(Sunil Hirawat)
L B Jha & Co
Partner
(. . )
( .. 104863)
Partner
( .. 301088)
Chartered Accountants
( )
(Anil K. Saxena)
( . )
(C. Naresh)
. .
. 28684
nd
, 2 , 2011
. 8646
(H. P. Chaturvedi)
Partner
. 33523
79
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
As at
31-03-2010
`
- 1 :
SCHEDULE - 1 : CAPITAL
` 10 ` 300,00,00,000
( 300,00,00,000)
AUTHORISED
300,00,00,000 (Previous year 300,00,00,000)
Equity Shares of ` 10 each
30,000,000
30,000,000
5,476,575
5,263,526
TOTAL
5,476,575
5,263,526
PAID-UP CAPITAL
54,64,80,370 Equity Shares (Previous year
52,51,75,500) of ` 10 each fully paid-up
(including 2,13,04,870 Equity shares issued
during the year by way of preferential issue
of equity shares)
Add: Amount of shares forfeited
5,464,804
7,391
5,251,755
7,391
TOTAL
5,472,195
5,259,146
39,751,686
6,250,000
46,001,686
35,251,686
4,500,000
39,751,686
14,286,186
17,102,902
` 359.88 (
` 338.58 )
` 10 ` 35,98,84,870
( 33,85,80,000) ` 10
54,76,57,470
( 52,63,52,600)
` 10 54,64,80,370
( 52,51,75,500) (
35,98,84,870 )
:
- 2 :
I.
:
(I)
II. :
) :
/
()
)
i) `` ''
(i)
ii)
/: ()
80
(ii)
Statutory Reserve :
Opening Balance
Additions during the year
TOTAL (I)
II.
A)
Capital Reserves :
Revaluation Reserve :
Opening Balance
Add: Revaluation of Property
Less: Depreciation/adjustments on
account of revaluation
Total of (A)
B) Others
i) Profit on sale of Investments -
"Held to Maturity"
Opening Balance
Additions during the year
Sub-total of (i)
ii) Foreign Currency Translation Reserve
Opening Balance
Add / (Less) : Adjustments during the
year (Net)
Sub-total of (ii)
1,091,513
2,816,716
13,194,673
14,286,186
8,282,242
49,817
8,332,059
7,903,093
379,149
8,282,242
3,453,777
6,410,560
1,154,261
4,608,038
(2,956,783)
3,453,777
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
- 2: ()
iii)
iii)
Total of (B)
III.
TOTAL (II)
Share Premium :
Opening Balance
Additions during the year (Preferential
Issue of Equity shares)
Add: On forfeited shares annulled
(iii)
()
(II)
III. :
(
)
:
(III)
IV. :
i) :
IV(i)
ii) , 1961 36(1
(viii) ( )
:
IV(ii)
(IV)
V. - :
(I V)
TOTAL (III)
IV.
ii)
- 3 :
SCHEDULE - 3 : DEPOSITS
. I.
A.
I. Demand Deposits :
i) From Banks
ii) From Others
II.
III.
i)
ii)
i)
ii)
II.
III.
i)
ii)
. i)
ii)
(I)
:
(III)
(I, II, III)
()
50,032
(14,437)
35,595
60,598
(10,566)
50,032
12,975,692
11,786,051
26,170,365
26,072,237
18,455,796
18,455,795
9,886,952
28,342,748
18,455,796
47,561,073
12,158,730
59,719,803
41,305,433
6,255,640
47,561,073
5,200,000
2,000,000
7,200,000
3,200,000
2,000,000
5,200,000
66,919,803
52,761,073
167,434,602
137,040,792
8,463,286
160,245,197
3,031,718
155,840,485
168,708,483
590,967,985
158,872,203
480,758,297
TOTAL (I)
Savings Bank Deposits
Term Deposits :
From Banks
From Others
175,678,693
119,340,643
2,053,502,902 1,538,648,296
TOTAL (III)
2,229,181,595 1,657,988,939
2,988,858,063 2,297,619,439
As at
31-03-2010
`
TOTAL (B)
2,529,633,133 1,965,848,359
459,224,930 331,771,080
2,988,858,063 2,297,619,439
81
/ BANK OF INDIA
- 4 :
I.
:
i)
ii)
. -I ()
. -II
.
(-II )
.
(ii)
iii)
. -I ()
. -II I
.
(-II )
.
II.
(I)
. I ()
. -II
.
(II)
(I,II)
(iii)
- 5 :
I.
II.
III.
IV.
V.
- -()
- 6 :
I.
II.
( )
:
i)
ii)
(II)
(I, II)
82
(000's Omitted)
As at
31-03-2011
`
As at
31-03-2010
`
6,316,000
725,000
4,825,000
825,000
1,083,000
1,103,000
1,784,144
917,801
9,908,144
7,670,801
10,484,000
41,595,000
8,975,000
31,495,000
16,917,000
21,397,000
6,759,312
59,982,266
75,755,312
121,849,266
85,663,456
129,520,067
3,778,684
10,699,038
3,811,399
10,772,970
SCHEDULE - 4 : BORROWINGS
I.
Borrowings in India :
i) Reserve Bank of India
ii) Other Banks
a. Tier I Capital (I.P.D.I.)
b. Upper Tier II Capital
c. Unsecured Non-convertible
Redeemable Bonds
(Subordinated for Tier-II Capital)
d. Others
iii)
Total (ii)
Other Institutions and Agencies
a. Tier I Capital (I.P.D.I.)
b. Upper Tier II Capital
c. Unsecured Non-convertible
Redeemable Bonds
(Subordinated for Tier-II Capital)
d. Others
Total (iii)
II.
Total (I)
Borrowings outside India
a. Tier I Capital (I.P.D.I.)
b. Upper Tier II Capital
c. Others
120,072,578
79,894,519
Total (II)
134,550,300
94,478,888
Total (I,II)
220,213,756
223,998,955
Bills Payable
Inter-office adjustments (net)
Interest accrued
Deferred Tax Liabilities
Others
11,250,661
8,028,658
7,064,252
103,403,304
11,716,454
7,170,146
7,282,177
5,743,200
53,834,276
TOTAL
129,746,875
85,746,253
Cash in hand
(including foreign currency notes and gold)
Balances with Reserve Bank of India :
i) In Current Account
ii) In Other Accounts
7,673,536
6,507,161
210,150,796
149,519,079
TOTAL (II)
210,150,796
149,519,079
217,824,332
156,026,240
/ BANK OF INDIA
II.
As at
31-03-2011
`
- 7 :
I.
(000's Omitted)
:
i)
)
)
ii)
)
)
(I)
I.
In India :
i) Balances with Banks
a) in Current Accounts
b) in Other Deposit Accounts
ii) Money at call and short notice
a) With Banks
b) With Other Institutions
:
i)
ii)
iii)
(II)
(I, II)
II.
Outside India :
i) In Current Accounts
ii) In Other Deposit Accounts
iii) Money at call and short notice
TOTAL (I)
TOTAL ( II )
TOTAL ( I, II )
- 8 :
SCHEDULE - 8 : INVESTMENTS
I.
I.
Investments in India :
i) Government Securities
ii) Other approved Securities
iii) Shares
iv) Debentures and Bonds
v) Subsidiaries and Associates
vi) Others
II.
:
i)
ii)
iii)
iv)
v)
vi)
(I)
` 821141430 (
` 625242684)
: ` 3523691 (
` 4297470)
II. :
i) (
)
/
iii)
(II)
` 44489965 (
ii)
` 54444214)
: -
` 3383528 ( ` 4587633)
(I, II)
As at
31-03-2010
`
TOTAL (I)
Gross ` 821141430 (Previous year
` 625242684)
Less: Depreciation ` 3523691
(Previous year ` 4297470)
TOTAL (II)
Gross ` 44489965 (Previous year
` 54444214)
Less : depreciation and amortisation
` 3383528 (Previous year ` 4587633)
TOTAL (I, II)
4,886,335
30,865,988
4,321,698
54,986,796
24,355,780
19,486,920
60,108,103
78,795,414
2,409,287
67,904,652
24,853,516
5,890,144
46,011,212
25,578,328
95,167,455
77,479,684
155,275,558
156,275,098
673,433,016
3,127,611
8,497,104
27,686,707
2,787,171
102,086,130
568,693,360
4,660,651
7,924,776
21,361,763
2,586,171
15,718,493
817,617,739
620,945,214
19,686,062
25,857,586
3,541,493
17,878,882
1,772,417
22,226,578
41,106,437
49,856,581
858,724,176
670,801,795
83
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
- 9 :
As at
31-03-2010
`
SCHEDULE - 9 : ADVANCES
. i)
ii) ,
iii)
()
A.
i)
ii)
iii)
TOTAL (A)
. :
i)
( )
ii) /
iii)
B.
Particulars of Advances :
i) Secured by tangible assets
1,257,282,746 1,038,392,752
(includes advances against Book Debts)
ii) Covered by Bank/Government
Guarantees
370,068,958
276,692,021
iii) Unsecured
503,610,113 369,822,325
C.
()
. :
I.
i)
ii)
iii)
iv)
(-I)
II. :
i)
ii)
)
)
)
(-II)
(-I, -II)
II.
i)
ii)
TOTAL (B)
TOTAL (C-I)
Advances outside India :
Due from Banks
Due from others
a) Bills Purchased and Discounted
b) Syndicated Loans
c) Others
TOTAL (C-II)
TOTAL (C - I, C - II)
- 10 :
I.
I.
:
/
: /
-
: (
6419305 - ` 5467781)
- (I)
84
PREMISES :
Opening Balance at cost
Additions / Adjustments during the year
Less: Deductions / Adjustments during the year
Sub-total
Addition to date on account of revaluation
credited to revaluation reserve
Less : Depreciation to date (including
` 6419305 on account of revaluation Previous year end ` 5467781)
TOTAL - (I)
367,437,669
254,734,079
945,644,936
817,879,212
706,463,601
723,709,418
2,130,961,817 1,684,907,098
2,130,961,817 1,684,907,098
548,830,581
166,622,200
3,198,900
905,438,763
429,288,969
150,675,520
16,840,360
729,616,015
1,624,090,444 1,326,420,864
210,883,571
91,130,871
72,753,106
94,525,045
128,709,651
86,075,400
73,559,029
107,720,934
506,871,373
358,486,234
2,130,961,817 1,684,907,098
6,788,559
1,090,302
144,499
5,815,790
1,042,078
69,309
7,734,362
6,788,559
19,753,966
19,753,966
8,425,689
7,219,119
19,062,639
19,323,406
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
- 10 : ()
II.
III.
:
( )
/
: /
-
:
(II)
(I, II, III)
11,365,550
10,212,580
2,381,647
1,520,492
1,034,288
367,522
Sub-total
12,712,909
11,365,550
8,116,255
7,821,601
TOTAL ( II )
4,596,654
3,543,949
1,148,070
650,733
24,807,363
23,518,088
33,518,027
14,895,146
13,416,197
30,211,779
27,647,923
19,722
18,261
- 11 :
I.
I.
()
II.
III. / ()
As at
31-03-2010
`
IV.
V.
120,212
157,906
VI.
VI. Others
45,367,359
16,895,979
TOTAL
124,132,245
58,136,266
- 12
I.
II. :
III.
IV.
V.
VI.
VII.
7,093,168
5,004,171
3,200
3,200
863,357,325
673,100,301
159,630,208
158,120,186
68,004,077
46,763,148
198,310,417
165,625,912
332,129,487
300,544,560
6,777,907
1,826,347
a) In India
b) Outside India
TOTAL
1,635,305,789 1,350,987,825
85
/ BANK OF INDIA
(000's Omitted)
- 13 :
31-03-2011
31-03-2010
Year ended
`
Year ended
`
SCHEDULE - 13 : INTEREST EARNED
/ /
, -
IV.
I.
II.
III.
IV.
Interest/Discount on advances/bills
Income on Investments
Interest on balances with Reserve Bank
of India and other inter-bank funds
Others
155,002,340
51,717,128
131,032,261
44,643,037
7,854,315
2,943,455
2,493,955
610,626
TOTAL
217,517,238
178,779,879
- 14 :
I.
II.
III.
,
-
,
-
IV. -
V. / /
VI.
I.
II.
III.
IV
V
VI
11,810,509
3,218,485
10,965,305
5,936,029
5,024,808
3,717,975
264,735
6,099,212
188,539
5,358,515
TOTAL
26,417,749
26,166,363
- 15 :
/
III.
I.
II.
III.
Interest on Deposits
Interest on Reserve Bank of India /
inter-bank borrowings
Interest on subordinated debts, IRS etc.
121,785,701
108,121,859
8,128,946
9,495,676
5,556,356
7,542,214
TOTAL
139,410,323
121,220,429
- 16 :
I.
II.
III.
I.
II.
I.
II. ,
III.
IV.
V.
( )
VI. ,
VII.
( )
VIII.
IX. , ,
X. -
XI.
XII.
86
TOTAL
50,682,387
22,960,722
2,439,620
386,158
474,742
1,012,873
983
324,478
103,675
321,489
437,889
1,638,888
6,576,620
36,678,137
/ BANK OF INDIA
-17 :
SCHEDULE - 17:
SIGNIFICANT ACCOUNTING POLICIES
1)
ACCOUNTING CONVENTION
2)
2.1
Translation
operations:
1.
, :
()
,
()
/
2.
() 11
2.1
in
respect
of
Integral
Foreign
i.
i)
ii.
-
/
iii. ,
87
/ BANK OF INDIA
2.2
:
i.
( -
)
()
/
ii.
iii.
2.3
:
-11
,
2.3
3)
INVESTMENTS:
/
/
3.
' '
, 1949
: : ,
, , ,
/
3.1
: :
90
: ,
88
3.1
Basis of classification
(a)
Held to Maturity
These comprise investments the Bank intends to hold
on to maturity.
(b)
/ BANK OF INDIA
.
3.2
(c)
3.2
Method of valuation
.
, ,
,
. /
1.
/ -
/ -
2. " " " "
/
/ ()
/ ()
()
/
-
(12
) ,
1
18
/
18
` 1
(a)
Held to Maturity
Investments included in this category are carried
at their acquisition cost. Premium, if any, paid
on acquisition is amortised using constant yield
method over the remaining period of maturity.
(b)
Government /
Approved securities
Preference Shares
PSU Bonds
Venture Capital
89
/ BANK OF INDIA
. :
. :
() ()
/ /
-,
. :
-
. /
(
() )
() ( )
,
,
/
, , /
/
/
/
/
(f)
h)
Derivative
.
, ,
90
,
. -
():
/ BANK OF INDIA
,
-,
:
/ ( )
: , ,
, ,
/
/
/
/
4.
:
.
/
() -,
4)
ADVANCES:
(a)
(b)
(c)
.
.
:
20% (
)
31.03.09
100% (
)
31.03.09
Category
Provision made
a) Secured portion
50%
1 3
60%
100%
100%
b) Unsecured portion
100%
100%
100%
Upto 1 year
50%
60%
100%
91
/ BANK OF INDIA
. /
,
(d)
.
, ,
(e)
(f)
(g)
5)
FIXED ASSETS:
. /:
. ()/
() ,
() ,
/
/
5.
:
. ,
(a)
(b)
6.
6)
i.
(i)
Depreciation
. ( )
,
(a)
(b)
(c)
(d)
. /
.
ii.
- ,
iii.
92
(ii)
(iii)
/ BANK OF INDIA
iv.
:
.
.
1.
2.
. , ,
.
. ,
.
Particulars
Rate of
Depreciation
1.
Premises
2.
10%
10%
15%
15%
20%
20%
33.33%
vi.
/ /
:
. -
. ,
. 31.03.2007 ,
15 , 5
.
, 1972
5%
33.33%
v)
vi)
7)
REVENUE RECOGNITION:
(a) Income/Expenditure is generally accounted for on
accrual basis, except in the case of income on
NPAs which is recognised on realisation, in terms
of the RBI guidelines issued from time to time.
(b) The recoveries made from NPA accounts are
appropriated first towards unrealised interest/
income, principal dues and thereafter towards
uncharged interest.
(c) Dividend Income, Commission on Government
Business, Commission on Third Party Products
are accounted on actual realisation basis.
(d) Interest on Income-tax refunds is accounted for
in the year of receipt of the assessment order.
8)
EMPLOYEE BENEFITS:
:
.
, ,
/
. /
/
. , ,
.
8.
5%
v.
7.
(iv)
a)
b)
c)
d)
93
/ BANK OF INDIA
31.03.2011
5
9.
:
()
() 19 " "
10. :
() 20 ( )
11. :
()
() 22 " "
12. :
9)
LEASED ASSETS:
10)
11)
TAXES ON INCOME
Income Tax comprises the current tax provision and
net change in deferred tax assets or liabilities during
the year, in accordance with the Accounting Standard
(AS) 22, Accounting for Taxes on Income issued by
The Institute of Chartered Accountants of India (ICAI).
Deferred Tax is recognised subject to consideration of
prudence in respect of items of income and expenses
those arise at one point of time and are capable of
reversal in one or more subsequent years. Deferred tax
assets and liabilities are measured using the tax rates
and tax laws that have been enacted or substantively
enacted by the balance sheet date.
12)
IMPAIRMENT OF ASSETS
Impairment losses, if any on Fixed Assets (including
revalued assets) are recognised and charged to Profit
and Loss account in accordance with the Accounting
Standard (AS) 28 Impairment of Assets issued by The
Institute of Chartered Accountants of India.
13)
( )
( )
() 28 " "
13. ,
() 29 ", "
,
,
94
/ BANK OF INDIA
-18 :
1.
2.
3.
` 10/- (
200) `
( ` 2000)
/ , -,
/
15.03.2011
/
/
:
:
(` )
i)
ii)
iii)
iv)
v)
vi)
31.03.2011
31.03.2010
(%)
-I
11.42%
12.63%
-II
12.17%
12.94%
- I (%)
1.
2.
3.
a)
Capital:
(` in crore)
Items
31.03.2011 31.03.2010
i)
CRAR (%)
Basel-I
11.42%
12.63%
Basel-II
12.17%
12.94%
ii)
Basel-I
7.80 %
8.29%
Basel-II
8.33%
8.48%
-I
7.80 %
8.29%
-II
8.33%
8.48%
Basel-I
3.62 %
4.34%
-I
3.62 %
4.34%
Basel-II
3.84%
4.46%
-II
3.84%
4.46%
65.86%
64.47%
v)
300.00
325.00
1000.00
2000.00
- II (%)
65.86%
64.47%
- I
()
300.00
325.00
- II
1000.00
2000.00
95
/ BANK OF INDIA
:
(` )
2006-07
()
2007-08
2008-09
2009-10
2010-11
377.87
( 85
)
655.00
400.00
325.00
300.00
(
)
377.87
( 85 )
( I)
655.00
400.00
325.00
300.00
I II
2006-07
2006-07
2008-09
2009-10
2010-11
2003-04
2004-05
2005-06
()
()
II
II
II
II
II
II
II
II
(` )
(
)
` 1069.90 (
1069.90
240 )
732.00
732.00
500.00
500.00
2000.00
2000.00
1000.00
1000.00
550.00
330.00
300.00
180.00
950.00
800.00
()
31 , 2010 0.91%
( 1.31%)
:
`` ``
:
( )
( )
96
2010-11
1054.30
136.91
1006.68
149.55
548.08
2895.52
(` )
2009-10
1754.25
243.47
752.76
31.27
181.95
2963.70
Nature
Amount
2006-07
Innovative
377.87
perpetual debt
(USD 85 Mn.
instruments
raised in foreign
(IPDI)
currency)
377.87
(USD 85 Mn.)
(Tier I)
2007-08
IPDI
655.00
655.00
2008-09
IPDI
400.00
400.00
2009-10
IPDI
325.00
325.00
2010-11
IPDI
300.00
300.00
Nature
Amount
` 1069.90 crore
1069.90
732.00
732.00
500.00
500.00
2000.00
2000.00
2010-11
Upper Tier II
1000.00
1000.00
550.00
330.00
300.00
180.00
950.00
800.00
(b)
(c)
Items
2010-11
2009-10
1054.30
1754.25
136.91
243.47
1006.68
752.76
149.55
31.27
548.08
181.95
2895.52
2963.70
/ BANK OF INDIA
()
(ii) -
(iii)
(iv)
(v) (` )
(
)
(vi) (` )
31.03.2011
31.03.2010
7.14%
6.95%
7.14%
0.84%
1.05%
0.84%
1.05%
1.72%
0.79%
1.88%
0.70%
1.72%
1.88%
1284
6.20
1011
4.39
31.03.2011
31.03.2010
(i)
Business Ratios :
6.95%
Items
0.79%
0.70%
1284
1011
6.20
4.39
(e)
Items
Day 1
2 7
2 to 7
days
8 14
8 to 14
days
15 28
15 to 28
days
29 3
3
6
29 days
to 3
months
Over 6
months
& upto
1 year
Over 1
year &
upto
3 years
Total
Over
5 years
Over 3
years &
upto
5 years
Deposits
16104.82 10880.77
Advances
19136.68
3994.52
3358.81
Investments
23.20
2071.30
913.63
1400.90
7761.21
1900.99
1355.30
7253.53
2482.62
114.76
2.02
581.27
1320.24
658.21
107.22
1985.70
4955.47
9813.87 22021.38
3562.93
1653.32
7639.24
7002.70
5616.52
6548.00 62550.92
7174.43
2277.91
9062.99
3195.05
4013.56
4728.08 71469.46
Borrowings
Foreign
Foreign
Currency
liabilities
4805.92
()
Over 3
months
& upto
6 months
6
1 3
1 3 5
(i) (%)
(ii) () -
)
)
)
)
(f)
2010-11
0.91%
(` )
2009-10
1.31%
4882.65
2908.38
2979.48
4811.55
2470.88
4161.66
1749.89
4882.65
Items
(i) Net NPAs to Net Advances (%)
2010-11
2009-10
0.91%
1.31%
a) Opening balance
4882.65
2470.88
2908.38
4161.66
2979.48
1749.89
d) Closing balance
4811.55
4882.65
97
/ BANK OF INDIA
(iii) -
Items
2009-10
628.21
a) Opening balance
94.82
2411.77
357.28
832.53
1944.99
2207.45
d) Closing balance
2199.38
1386.89
1139.36
1763.54
1113.78
2224.96
)
)
)
2009-10
2207.45
628.21
94.82
2411.77
2207.45
2010-11
(iv) -
357.28
832.53
1944.99
2207.45
a) Opening balance
2199.38
1386.89
1139.36
1763.54
951.05
1113.78
951.05
2199.38
d) Closing balance
2224.96
2199.38
31.03.2011 72.18% (
65.51%)
() :
(` in crores)
2010-11
0.00
(` )
2009-10
(0.01)
275.21
2.47
15.35
262.33
283.66
72.99
81.44
275.21
(8.01)
0.34
(10.46)
2.79
48.36
(3.90)
52.47
(8.01)
283.22
2.13
25.81
259.54
235.31
76.89
28.98
283.22
(i) (%)
(ii) ()
)
)
)
)
(iii) -
)
)
)
)
(iv) (*) -
)
)
)
)
(g)
2010-11
2009-10
0.00
(0.01)
275.21
283.66
a) Opening balance
d) Closing balance
2.47
72.99
15.35
81.44
262.33
275.21
a) Opening balance
d) Closing balance
(8.01)
48.36
0.34
(3.90)
(10.46)
52.47
2.79
(8.01)
283.22
235.31
2.13
76.89
a) Opening balance
d) Closing balance
25.81
28.98
259.54
283.22
(*)
(*) Provision more than book value in the previous year on account of
provision on IRS done against investment.
()
(h)
(` )
Sl.
Category
a)
Direct exposure
i)
Residential Mortgages
5049.66
6923.87
31.03.11
31.03.10
16495.47
14741.94
i)
9678.42
7813.98
- ` 20
6034.69
ii)
6814.43
98
As at
31.03.11
As at
31.03.10
16495.47 14741.94
9678.42
7813.98
6034.69
5049.66
6814.43
6923.87
/ BANK OF INDIA
.
31.03.11
31.03.10
2.62
4.09
2.62
4.09
0.00
0.00
iii) ()
)
()
()
i)
ii)
iii)
iv)
v)
vi)
, ,
a) Residential
2.62
4.09
0.00
0.00
b)
Indirect Exposure
Fund based and non-fund based
exposures on National Housing
Bank (NHB) and Housing Finance
Companies (HFCs)
4316.46
4424.77
20811.93
19166.71
As at
31.03.11
As at
31.03.10
2.62
4.09
20811.93 19166.71
2010-11
2009-10
1078.53
1170.20
11.60
27.24
,
;
7.53
7.38
,
/ /
/
,
;
436.62
643.93
1713.15
1515.68
0.00
0.00
//
;
4424.77
///
( / )
/
;
4316.46
(` )
Category
..
Sl.
(` in crores)
S.No.
Category
2010-11
2009-10
1078.53
1170.20
11.60
27.24
7.53
7.38
436.62
643.93
1515.68
i)
ii)
iii)
iv)
v)
vi)
0.00
0.00
99
/ BANK OF INDIA
..
vii)
/
;
;
;
( )
(
)
viii)
ix)
x)
2010-11
2009-10
0.00
0.00
0.00
0.00
0.00
0.00
0.00
3247.43
0.00
3364.43
` 3247.43 , ` 4982.40
( 31.03.2010 ` 12456.00 40%)
` 1170.20
20% (31.03.2010 ` 2491.20 )
(I)
i) :
(` )
()
624
154.77
204.52 2131.99
19.43
0.23
81.59
300
()
0.30
54.13
()
100
2009-10
0.00
0.00
viii)
0.00
0.00
ix)
0.00
0.00
x)
0.00
0.00
3247.43
3364.43
Standard
No. of borrowers
advances
Amount Outstanding
restructured
Sacrifice (diminution
in the value)
21344
12.35
2010-11
(` in crores)
Category
29.79
()
S.No.
Amount Outstanding
CDR
SME
MechaDebt
nism Restructuring
5
154.77
624
Others
21344
204.52 2131.99
19.43
0.23
81.59
300
29.79
12.35
restructured
NPV Sacrifice
0.30
Doubtful
No. of borrowers
0.27
advances
Amount Outstanding
54.13
0.27
1.88
0.17
1.88
0.17
625
21644
625
21644
238.69
21.31
204.79 2144.34
0.40
81.89
restructured
NPV Sacrifice
No. of borrowers
Total
Amount Outstanding
Sacrifice (diminution
in the value)
238.69
21.31
204.79 2144.34
0.40
81.89
/ BANK OF INDIA
(I)
ii)
: (
)
()
()
()
()
()
N.A.
(` )
2010-11 2009-10
N.A 32016
5064
N.A.
N.A.
N.A.
N.A.
N.A.
N.A
268.42 114.40
0.09
0.06
37
88
N.A.
N.A.
N.A.
N.A.
N.A.
N.A
0.20
0.00
5
3.32
0.00
0
N.A.
N.A.
N.A.
N.A.
0.11
0.00
0.00
0.00
N.A.
N.A.
N.A.
N.A
N.A.
N.A.
32058
5152
268.73 117.72
0.09
0.06
/
(` )
2010-11
(` in crore)
Standard
advances
restructured
No. of borrowers
N.A.
N.A
32016
Amount Outstanding
N.A.
N.A.
268.42 114.40
N.A.
N.A.
0.09
N.A.
N.A
37
88
advances
restructured
Amount Outstanding
N.A.
N.A.
0.20
3.32
Sacrifice (diminution
in the value)
N.A.
N.A.
0.00
0.00
Doubtful
advances
restructured
9.72
52.29
0.00
7.43
20.79
2.
0
0.00
N.A.
N.A.
0.00
0.00
No. of borrowers
N.A.
N.A
32058
5152
Total
Amount Outstanding
N.A.
N.A.
268.73 117.72
Sacrifice (diminution
in the value)
N.A.
N.A.
(j)
2.29
31.50
Aggregate consideration
9.72
52.29
0.00
0.00
7.43
20.79
NIL
NIL
0.06
2010-11
:
2009-10
NIL
NIL
0.09
(` in crore)
/ :
NIL
NIL
5
0.11
Sacrifice (diminution
in the value)
Non-Performing
financial
assets
(` in crore)
(` )
1.
N.A
N.A.
k)
2010-11
NIL
NIL
N.A.
N.A.
()
()
()
()
No. of borrowers
3
31.50
0.06
Amount Outstanding
Number of Accounts
2.29
5064
Particulars
/
( )
Sacrifice (diminution
in the value)
No.
/()
2009-10
(I)
Particulars
2010-11
2009-10
NIL
NIL
NIL
NIL
NIL
NIL
NIL
NIL
101
/ BANK OF INDIA
)
(` )
1.
2.
3.
(l)
2010-11
Nil
Nil
Nil
2009-10
Nil
Nil
Nil
: / :
(` in crore)
2010-11
2009-10
1.
Particulars
Nil
Nil
2.
Aggregate outstanding
Nil
Nil
3.
Nil
Nil
(l)
(` )
( )
:
( )
0.00
10000
0.00
9495
2613.62
604.94
31 ,
2011
0.00
0.00
()
( )
()
i)
)
)
ii)
)
)
iii)
)
)
iv)
)
)
:
: /
102
(` )
31.03.11 31.03.10
86563.13
82114.14
4448.99
689.45
352.37
337.08
1.27
0.00
1.27
85872.41
81761.77
4110.64
886.13
235.24
431.92
689.45
67968.68
62524.27
5444.41
886.13
429.75
456.38
2.37
0.00
2.37
67080.18
62094.52
4985.66
705.99
418.90
238.76
886.13
Minimum Maximum
Daily
As on
outstand- outstand- Average March 31,
ing during ing during outstand2011
the year
the year ing during
the year
Securities sold
under Repo
(Government
Securities)
0.00
10000
2613.62
0.00
Securities
purchased
under reverse
Repo (Govern-
ment Securities)
0.00
9495
604.94
0.00
Investments
(` in crore)
Items
As at
31.03.11
As at
31.03.10
1 Value of Investments
86563.13 67968.68
a) In India
82114.14 62524.27
b) Outside India
4448.99
5444.41
689.45
886.13
a) In India
352.37
429.75
b) Outside India
337.08
456.38
iii) Amortisation
1.27
2.37
a) In India
0.00
0.00
b) Outside India
1.27
2.37
85872.41 67080.18
a) In India
81761.77 62094.52
b) Outside India
4110.64
4985.66
Opening balance
886.13
705.99
235.24
418.90
431.92
238.76
Closing balance
689.45
886.13
/ BANK OF INDIA
()
(` )
.
.
(1)
(2)
(3)
` `` ``
`
(4)
(5)
(6)
Amount
(7)
361.29
80.22
0.00
0.00
0.00
791.32
471.71
0.00
0.00
150.49
1736.19
494.35
0.00
0.00
862.06
3079.64 2621.52
183.54
28.66
281.82
5
/
Sr. Issuer
No.
(3)
Extent
of
Private
placement
Extent of Extent
Extent
below
of
of
invest- unrated un-listed
ment
secusecurities
grade
rities
securities
(1)
(2)
(4)
(5)
(6)
PSUs
361.29
80.22
0.00
0.00
(7)
0.00
FIs
791.32
471.71
0.00
0.00
150.49
Banks
1736.19
494.35
0.00
0.00
862.06
Private
Corporates
3079.64
2621.52
183.54
28.66
281.82
634.73
634.73
0.00
0.00
0.00
634.73
0.00
0.00
0.00
Subsidiaries/
Joint Ventures
10131.52 7053.46
0.00
0.00
156.85
Others
10131.52
7053.46
0.00
0.00
156.85
16734.69 11355.99
183.54
28.66
1451.22
Total
16734.69 11355.99
183.54
28.66
1451.22
Less:
Provisions
held towards
Depreciation
NET
183.54
28.66
1451.22
634.73
486.48
16248.21 11355.99
183.54
28.66
1451.22
(o)
486.48
16248.21 11355.99
() -
(` in crore)
(` )
Particulars
2010-11
2009-10
275.20
281.55
2.38
72.99
15.35
79.34
Closing balance
262.23
275.20
259.52
284.21
2010-11
2009-10
275.20
281.55
2.38
72.99
15.35
79.34
262.23
275.20
259.52
284.21
()
(),
()
(` )
.
.
1.
2.
()
31.03.11
3140.00
3545.30
3545.30
( , ,
Opening balance
Additions during the year
(p)
Single Borrower
Small Industries
Development Bank
of India (SIDBI)
2.
Group Borrower
NIL
Exposure
Ceiling
Limit
Sanctioned
Outstanding
as on
31.03.11
3140.00
3545.30
3545.30
NIL
NIL
NIL
103
/ BANK OF INDIA
()
(` )
.
.
1
2
3
4
5
6
7
31.03.11
19917.89
4912.39
1816.49
344.03
1514.74
1.39
0.54
31.03.10
19295.11
3606.98
1291.24
653.62
36.24
2.70
0.07
28507.47
24885.96
20.00
20.00
iii)
iv)
v)
31.03.11
31.03.10
30114.03
25607.84
503.42
624.37
314.73
()
()
85.83
:
/
)
)
104
Risk
Category
As at 31.03.11
As at 31.03.10
Insignificant
Low
4912.39
3606.98
Moderate
1816.49
1291.24
High
344.03
653.62
Very High
1514.74
36.24
Restricted
1.39
2.70
Off credit
0.54
0.07
Total
19917.89
28507.47
20.00
19295.11
24885.96
20.00
Derivatives
( )
)
)
)
(` in crore)
Sr.
No.
(` )
7.34
Items
i)
ii)
As at
31.03.11
As at
31.03.10
30114.03 25607.84
503.42
624.37
Note A
(A)
Note B
(B)
v)
314.73
85.83
Note: The terms of swaps are either to receive fixed interest and pay
floating rate or to pay fixed interest and receive floating rate. A few
floating to floating deals are undertaken to hedge interest rate risk on
interest bearing assets and liabilities/trading purposes.
(A) No collaterals were required for the swaps as counterparty was
either banks or premier corporates.
(B) There is no concentration of credit risk arising from the interest
rate swaps undertaken during the year.
(s)
() :
.
(i)
Sr.
No.
(` )
i)
ii)
(r)
()
/
..
(q)
No.
(i)
Particulars
Notional principal amount of exchange traded
interest rate derivatives undertaken during
the year (instrument-wise)
a)
b)
c)
Amount
7.34
/ BANK OF INDIA
.
(ii)
31 , 2011
( )
(iii)
(iv)
)
(iii)
`` ``
( )
)
)
)
(iv)
`` ` ( )
)
)
Particulars
(ii)
)
)
No.
Amount
)
(t)
()
i.
- , -
,
, ,
,
,
-
-
105
/ BANK OF INDIA
-
/
-
-
-
- - /
, -
,
/
-
, ,
-
,
/
:
106
)
(
)
/ BANK OF INDIA
0.50%
2.00%
1.00%
10.00%
3.00%
15.00%
` `
/ /
````
0.4%
ii.
(` )
.
.
1
(
)
)
)
74636.82
301114.08
4764.13
17814.08
69872.69
12300.00
689.73
(370.59)
) (+)
0.50%
2.00%
1.00%
10.00%
3.00%
15.00%
Quantitative Disclosure
Particulars
(` in crore)
Currency
Derivatives
Interest Rate
Derivatives (INR)
74636.82
301114.08
Derivatives (Notional
Principal Amount)
a) For Hedging
4764.13
17814.08
b) For Trading
69872.69
12300.00
689.73
(370.59)
a) Asset (+)
693.96
363.07
3.80
48.44
b) Liability (-)
Credit Exposure
a) On Hedging
Derivatives
b) On Trading
Derivatives
Max.
Min.
a) On Hedging
3.34
1.43
b) On Trading
0.92
0.02
()
3457.90
368.48
1%
(100*01)
0.51
131.28
1.43
128.79
(0.92)
(3.54)
)
100*01
Max.
Min.
Max.
Min.
3.34
1.43
136.03
128.79
0.92
0.02
3.54
1.36
. //72/
21.04.018/2004-05 3.3.2005
(` )
363.07
Exchange Rate
Contract
693.96
()
Interest Rate
Contract
) (-)
Residual Maturity
31.03.11 31.03.10
869.24
720.67
3.80
48.44
3457.90
368.48
0.51
131.28
1.43
128.79
(0.92)
(3.54)
Max.
Min.
136.03 128.79
3.54
1.36
As at
31.03.11
As at
31.03.10
869.24
720.67
107
/ BANK OF INDIA
()
(` )
2010-11
2009-10
Item
869.31
504.54
137.37
248.22
1006.68
752.76
2010-11
2009-10
869.31
504.54
137.37
248.22
1006.68
752.76
Total
(w)
() (
)
2010-11
2009-10
385.92
385.92
158.00
0.00
0.00
0.00
543.92
385.92
( )
2009-10
Opening Balance
385.92
385.92
158.00
0.00
0.00
0.00
543.92
385.92
Closing Balance
(x)
Disclosures of Complaints:
i) Customer Complaints:
()
()
2870
()
2800
()
ii)
2010-11
() :
i)
Particulars
(` )
2870
2800
:
0
55
53
()
()
55
()
53
()
(y)
() : :201011 , 1949
-
() :
. 1.44 ( . 1.06
)
108
71
71
(z)
/ BANK OF INDIA
() :
i)
( 12)
.530.59
/
( 11) /
ii)
() :
( ) -
() .
() :
(` )
2010-11
2009-10
- , ,
563.46
889.38
105.95
2010-11
2009-10
563.46
889.38
105.95
272.96
272.96
() :
31-03-2011 ,
` 4818.27
12.56 `
9016.80 ` 317.52
31-03-2011 ,
` 100.37
` 16.67
() : ( )
(` )
2010-11
2009-10
Particulars
28219.12
22535.82
9.44%
9.81%
2010-11
2009-10
28219.12 22535.82
9.44%
9.81%
109
/ BANK OF INDIA
() : ( )
(` )
2010-11
2009-10
28617.91
33471.53
7.06%
10.07%
() : ( )
(` )
/
/
/
2010-11
2009-10
38333.19
33631.81
Particulars
Total Advances of twenty largest
borrowers
Percentage of Advances of twenty largest
borrowers to Total Advances of the Bank
8.40%
() : ( )
(` )
2010-11
2009-10
808.04
1179.74
2009-10
28617.91 33471.53
7.06%
10.07%
7.80%
2010-11
2010-11
38333.19 33631.81
7.80%
2009-10
8.40%
(` in crores)
2010-11
2009-10
808.04
1179.74
() : ( )
.
.
1
2
3
4
2010-11
( , )
2009-10
2.94
2.36
2.56
3.09
2.29
4.74
4.30
4.16
()
01.04.2010
( )
-()
:
(i)
(ii) ( )
(iii)
(iv)
- ()
31.03.2011 (-)
110
(` )
4882.65
2908.38
7791.03
1037.82
895.32
880.42
165.92
2979.48
4811.55
(ai)
Sl. Sector
No.
Percentage of NPAs
to Total Advances in
that sector
2010-11
2009-10
2.94
2.36
2.56
3.09
Services
2.29
4.74
Personal Loans
4.30
4.16
(aj)
Movement of NPAs:
Particulars
` in Crores
4882.65
2908.38
7791.03
Sub-total (A)
Less:-
(i) Up gradations
1037.82
895.32
(iii) Write-offs
880.42
165.92
Sub-total (B)
2979.48
4811.55
/ BANK OF INDIA
() ,
(` in crores)
(` )
2010-11
2009-10
Particulars
61577.06
59198.51
Total Assets
454.95
405.27
2075.36
2068.81
2010-11
61577.06 59198.51
Total NPAs
Total Revenue
(al)
() (
)
2009-10
454.95
405.27
2075.36
2068.81
Domestic
() ,
31.03.2011 , . 33.96
( 32.36 )
Overseas
NIL
NIL
()
(` )
31.03.2011
/
(, , ) 69513.05 67632.32
/
315.42
332.70
Particulars
31.03.2010
466.06
498.97
() . 3%
48%
:
Book
Value
Market
Value
As at 31.03.2010
Book
Value
Market
Value
Government Securities
SLR (CG,SG, TB)
69513.05 67632.32 59818.63 58352.19
Approved
securities - SLR
59818.63 58352.19
() ` `
` 9.95
` 4.98
, 1949
17
4.
As at 31.03.2011
315.42
332.70
466.06
498.97
111
/ BANK OF INDIA
15 ()
a)
(`
/ ` in Crores)
2010-2011
2009-2010
(ii)
:
( )
-
()/
(iii)
:
/()
/()
(iv)
(v)
:
/()
(vi)
112
8.50%
8.00%
4.00%
2.00%
8.50%
8.00%
4.00%
2.00%
904.65
70.72
54.51
428.96
(150.38)
141.21
1,449.67
2,177.49
166.72
79.24
2,212.15
707.75
1,539.00
(345.42)
355.13
6,892.06
8.00%
8.00%
5.00%
2.00%
8.00%
8.00%
5.00%
2.00%
858.29 2,045.48
69.74 160.60
37.44
37.57
(48.06) (151.21)
(12.76)
85.05
904.65 2,177.49
793.89 1,624.14
66.52 138.18
61.70 178.73
(48.06) (151.21)
1.23 (25.82)
875.28 1,764.02
13.98 (110.88)
2.00
1.00
1.00
188.77
94.38
94.39
3.00
1.00
2.00
283.15
94.38
188.77
67.80
(2.22)
65.58
145.28
244.03
389.31
66.52
1.23
67.75
138.18
(25.82)
112.36
(267.65) (1,456.34)
904.65 2,177.49
875.28 1,764.02
(29.37) (413.47)
2.00 188.77
(27.37)
(224.70)
/ BANK OF INDIA
/ ` in Crores)
2010-2011
2009-2010
54.51
79.24
37.44
37.57
Interest Cost
70.72
166.72
69.74
160.60
( )
( )
(viii)
(ix)
(x)
(xi)
:
(
)
:
50%
, 1/66
` 10000/-
15
/
:
:
()/
()/
Statement :
(67.80) (145.28)
(66.52) (138.18)
85.79
442.43
707.75
1.00
94.38
1.00
94.38
143.43
111.10
(13.98)
110.87
287.65 1,456.34
27.67
265.24
224.70
61.40
138.22
287.65 1,456.34
27.67
265.24
27.37
Employers Contribution
(47.37) (224.70)
267.65 1,456.34
(61.70) (178.76)
27.37
224.70
36,950
39,389
15,085
Other Details :
Pension is payable at the rate of 1/66
salary for each year of service subject
to maximum of 50%
Gratuity is payable at the rate of 15 days
salary for each year of service subject to a
maximum of ` 10,00,000/or as per
company scheme as detailed in report.
Actuarial gain/loss is accounted for in
the year of occurrence
No. of members
39,948
Salary P.M.
127.70
121.92
103.55
33.72
127.65
395.02
76.88
Category of Assets :
Government of India Assets
193.05
703.20
190.75
358.23
Corporate Bonds
232.93
968.94
227.43
901.40
130.33
334.91
16.80
69.10
167.64
928.97
Total
837.85 3,571.61
875.28 1,764.02
217.38 1,417.88
(12.76)
85.05
1.23
(25.82)
Other
554.20 1,070.88
Experience Adjustment :
On Plan Liability (Gain)/Loss
On Plan Asset (Loss)/Gain
(2.22)
244.03
113
/ BANK OF INDIA
i)
31.03.2007 17.10.2007
` 125.27
31.03.2011
1/5
` 125.27
ii)
, ` 56.83
( ` 68.64 )
iii)
, :
` 2,212.15
, , , 1972
` 428.96
() 15,
` 2641.11 ( ` 2215.15
+ ` 498.96 )
,
-
, 9 , 2011 (.
..80/21.04.018/2010-11)
,
` 2641.11 ` 528.22
(` 2,641.11 )
, ` 2112.89
(` 2641.11 - ` 528.22 ) /
15 ` 2112.89
114
/ BANK OF INDIA
Business
Segment
(
- )
Gross Revenue
Treasury Operations
(`
Wholesale Banking
Operations
Retail Banking
Operations
/ `
in crore)
Total
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
6801.23
5701.77
10285.30
8838.66
7033.76
5825.67
24120.29
20366.10
Un allocated revenue
313.46
78.58
Less Inter
Segment Revenue
40.25
(49.94)
Net Revenue
24393.50
20494.62
39.43
195.11
3089.16
2155.23
515.06
839.64
3643.65
3189.98
(148.27)
(696.15)
Results
Unallocated Income
Net of Expenses
Operating Profit
3495.38
2493.83
Income Tax
1006.67
752.76
Net Profit
2488.71
1741.07
68470.14
Other Information
Segment Assets
115527.65
Unallocated Assets
Total Assets
351172.55 274966.46
65169.57
Segment Liabilities
109771.66
7117.98
Unallocated Liabilities
Total Liabilities
333881.87 260736.47
5755.99
4403.35
8041.59
6043.04
3300.57
2521.11
6925.45
4771.09
17098.15
3508.60
12967.50
Un allocated
192.53
1262.49
17290.68
14229.99
(`
in crore)
Geographical
Segments
Particulars
2010-11
2009-10
2010-11
2009-10
Revenue
22318.14
18669.04
2075.36
1825.58
24393.50
20494.62
289524.85
227799.22
61647.70
47167.24
351172.55
274966.46
Assets
/ `
Domestic
International
2010-11
2009-10
Total
1. 17
,
) :
a)
) :
b)
115
/ BANK OF INDIA
) :
:
i)
` 5
ii)
` 50
-
,
)
c)
) /
a) Domestic Operations
b) International Operations
) 18 ( ):
(c)
I)
()
I)
Chairman &
Managing
Director
: Shri Alok K Misra
. (31.10.2010 )
Executive
Directors
. (01.11.2010 )
(b)
Subsidiaries :
(i) BOI Shareholding Ltd.
(ii) PT Bank Swadesi
(iii) BOI Tanzania Ltd.
(iv) Bank of India (New Zealand) Ltd.
(c)
Associates :
(i) Securities Trading Corporation of India Ltd.
(ii) Star Union Dai ichi Life Insurance
Company Ltd.
(iii) ASREC (India) Ltd.
. .
() :
(i) .
(ii)
(iii) .
(iv) () .
() :
(i) .
(ii) .
(iii) () .
116
/ BANK OF INDIA
(iv) - .
(v) 5
, , ,
, ;
II.
Items /
Related Party
//
//
/
/
/
/
-
-
Deposit
Maximum during the year
Placement of deposits
Maximum during the year
Associates/Joint
ventures
Key Management
Personnel
/ ` in crore)
Relatives of Key
Management
Personnel
Total
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
28.92
22.17
0.41
0.44
0.00*
0.01
29.33
22.63
68.67
73.24
0.53
0.50
0.01
0.01
69.21
73.75
306.71
306.71
57.66
57.66
Investments
99.99
99.99
Other Lending
0.02
0.00
0.02
0.00
100.67
0.08
0.04
100.75
0.04
144.19
29.89
144.19
29.89
320.39
40.30
320.39
40.30
Non-funded commitments
Maximum during the year
Interest paid
1.18
0.01
0.02
0.00*
1.20
0.01
Interest received
2.00
0.00*
2.00
0.16
0.15
0.16
0.15
Dividend Paid
0.00*
Dividend Received
1.31
1.31
Services rendered
21.15
21.15
Services received
11.67
11.67
Management contracts
0.27
0.01
0.27
0.01
Any Others
2.68
2.68
* ` 50,000
* Actual amount being less than ` 50,000/-, the same is not furnished.
117
/ BANK OF INDIA
() :
.
.
(`)
. .
.
.
3
4
Remuneration
Sl.
Name
No.
Designation
Current
Year (`)
(`)
7,99,690
11,87,143 14,46,459
6,75,525 13,46,752
Shri M. Narendra
Executive Director
6,75,525 13,46,752
4,71,250
Shri N. Seshadri
Eexecutive Director
4,71,250
13,87,200
Chairman &
Managing Director
Previous
Year (`)
13,87,200
7,99,690
11,87,143 14,46,459
, -18 9
, ,
() 19 - :
(i)
,
:
(` )
.
.
)
)
(i) 1
(ii) 1
5
(iii) 5
(-)
)
)
31-03-2011 31-03-2010
0.62
2.64
0.62
2.64
0.00
0.00
0.00
0.00
0.62
2.64
0.00
0.03
0.62
2.61
Particulars
a)
Gross Investments
b)
0.62
2.64
0.62
2.64
0.00
0.00
0.00
0.00
TOTAL
0.62
2.64
c)
0.00
0.03
d)
Net investments [ a c ]
0.62
2.61
(ii) ( ` 0.19 )
() 20 :
..
1.
2009-2010
` 47.35
` 33.15
...
..
31-03-2011 31-03-2010
2010-11
2009-2010
Sr.
No.
1.
Particulars
Basic & Diluted *
2010-11
2009-2010
` 47.35
` 33.15
Particulars
2010-11
2009-2010
2488.71
` 1741.07
52.56
52.52
()
(A)
52.52
(/)
47.35
` 33.15
52.56
()
(B)
()
` 10.00
` 10.00
(C)
47.35
(D)
` 33.15
` 10.00
()
()
()
* ...
118
` 10.00
` 1741.07
* Basic & Diluted E.P.S. are same as there are no dilutive potential equity shares.
/ BANK OF INDIA
() ( 22) :
:
(` )
..
31.03.2011 31.03.2010
(f)
Sr.
No.
Particulars
i)
ii)
i)
352.70
310.86
68.05
74.63
420.75
385.49
31.03.2011 31.03.2010
ii) Others
Total Deferred Tax Assets
68.05
74.63
420.75
385.49
28.93
i) On account of Depreciation on
fixed assets
26.40
28.93
658.85
507.93
426.99
365.16
26.40
ii)
658.85
507.93
iii)
426.99
365.16
iv)
3.61
41.20
1115.85
943.22
/()
(695.10)
(557.73)
() 29
, ``, '' :
. (
) :
(` )
iv) Others
3.61
41.20
1115.85
943.22
(695.10)
(557.73)
Particulars
Legal cases/contingencies
1 , 2010
1.20
216.49
216.49
211.08
211.08
6.61
31 , 2011
/
6.61
/
. :
310.86
, ,
, ,
, , ,
:
Timing of outflow/uncertainties
1.20
Outflow on
settlement/Crystallization
B.
Contingent Liabilities
119
/ BANK OF INDIA
() 3 - /
(h) Accounting Standard 3 Cash Flow statement
Particulars
. :
:
/
, II
/
:
/()
/()
/()
()/()
()/()
()/()
()/
()
. :
/ /
()
. :
, II ()
(` 000
A.
/ ` in 000)
/
Year ended
31.03.2011
Year ended
31.03.2010
34,953,830
24,938,296
4,473,325
Amortisation/Depreciation on Investments
2,669,978
1,405,552
1,012,873
17,519,294
19,674,703
7,309,933
57,15,423
Dividend received
(264,735)
(188,539)
Adjustments for:
Increase/(Decrease) in Deposits
691,238,624
400,534,642
Increase/(Decrease) in Borrowings
(12,178,552)
45,924,823
36,758,024
10,591,780
(Increase)/Decrease in Investments
(188,547,583) (148,796,037)
(Increase)/Decrease in Advances
(456,597,715) (2,73,355,851)
(63,469,817)
4,903,899
(11,328,854)
(11,031,209)
59,467,979
84,398,128
(3,969,286)
(2,108,763)
182,945
80,432
(2,044,776)
(407,292)
264,735
188,539
(5,566,382)
(2,247,084)
Dividend received
Net Cash Flow from Investing Activities (B)
C.
Share Capital
213,049
0.00
Share Premium
9,886,952
0.00
8,393,353
21,342,331
( )
/ II
(4,286,466)
(3,072,144)
(7,309,933)
(5,732,449)
()
() + () + ()
6,896,955
12,537,738
60,798,552
94,688,782
312,301,338
217,612,556
373,099,890
312,301,338
5.
120
/ BANK OF INDIA
,
1.
31 , 2011
20
( ), 2796
24
- 674
-
1.23% , 2.43% , 0.97% 2.48%
2.
3.
,
1949 : ``" ``"
4.
:
../80/ 21.04.018/2010-11
9, 2011
() 15
18
4 ()
` 2112.89
5.
1 (
) , 1970
:
121
/ BANK OF INDIA
)
:
(i)
, 31 , 2011
(ii)
,
;
(iii) ,
)
,
) -
)
Chartered Accountants
( ..004207)
Chartered Accountants
( ..002405)
(.)
( . )
(C. Naresh)
(Anil K. Saxena)
Chartered Accountants
( ..104863W)
(Sunil Hirawat)
Partner
Partner
Partner
. 28684
. 71600
. 33951
M. No. 28684
..
For L.B. Jha & Co.
Chartered Accountants
( ..301088E)
(. . )
(K.K. Bhanja)
M. No. 71600
Chartered Accountants
( ..003582S)
(.)
(S. Chandran)
M. No. 33951
Chartered Accountants
( ..101720W)
(.. )
(H.P. Chaturvedi)
Partner
Partner
Partner
. 14722
. 8646
. 33523
M. No. 14722
, 2 , 2011
Mumbai, 2nd May, 2011
122
M. No. 8646
M. No. 33523
/ BANK OF INDIA
2010-11
Bank of India
Consolidated Financial Statements
2010-11
123
/ BANK OF INDIA
- 31 , 2011
ASSETS
Cash and balances with Reserve
Bank of India
Balances with Banks and money
at call and short notice
Investments
Advances
Fixed Assets
Other Assets
TOTAL
Contingent Liabilities
Bills for Collection
Significant Accounting Policies
Notes on Accounts
-
II.
(000's Omitted)
As at
31-03-2011
31-03-2010
`
`
As at
5,472,195
170,888,599
512,363
2,995,594,011
220,213,756
137,637,567
3,530,318,491
5,259,146
139,191,150
3,192,251
2,304,082,106
223,998,955
92,615,184
2,768,338,792
218,600,696
156,579,623
7
8
9
10
11
158,362,937
866,765,912
2,137,083,554
24,994,283
124,511,109
3,530,318,491
157,911,119
681,126,918
1,690,310,111
23,789,166
58,621,855
2,768,338,792
12
17
18
1,635,989,279
126,753,757
1,351,569,147
118,108,338
The Schedules referred to above form an integral part of the Balance Sheet.
1949 `' -
The Balance Sheet has been prepared in conformity with Form A of the Third Schedule to the Banking Regulation Act, 1949.
Alok K Misra
Chairman & Managing Director
Tarun Bajaj
..
DIRECTORS
G. Mahalingam
. .
K.K. Nair
M. N. Gopinath
P. M. Sirajuddin
Harvinder Singh
. .
. .
B. A. Prabhakar
.
N. Seshadri
Executive Directors
( .. 004207)
( .. 002405)
(. )
( . )
(C. Naresh)
Partner
( )
Partner
. 71600
( .. 104863)
Partner
( .. 301088)
Chartered Accountants
(Sunil Hirawat)
Chartered Accountants
(Anil K. Saxena)
. .
L B Jha & Co.
. 033951
Chartered Accountants
Chartered Accountants
( .. 003582)
( .. 101720)
(. . )
(. )
(. . )
(K. K. Bhanja)
124
Prakash P. Mallya
. 28684
, 25 , 2011
Partner
. 14722
(S. Chandran)
Partner
. 8646
(H. P. Chaturvedi)
Partner
. 33523
/ BANK OF INDIA
31 , 2011
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2011
(000's Omitted)
Year ended
Year ended
Schedule
31-03-2011
31-03-2010
No.
I.
`
`
INCOME
Interest earned
13
218,584,283
179,962,490
Other income
14
26,418,262
26,006,635
TOTAL
245,002,545
205,969,125
II.
EXPENDITURE
Interest expended
15
139,809,281
121,632,675
Operating expenses
16
51,213,502
37,186,684
Provisions and Contingencies
29,092,648
29,764,213
TOTAL
220,115,431
188,583,572
/()
Share of earnings/(loss) in Associates
16 A
592,454
458,270
Consolidated Net Profit/(Loss) for
/()
the year before deducting Minorities' interest
25,479,568
17,843,823
:
Less: Minorities' Interest
55,397
(27,730)
/()
Consolidated Net Profit/(Loss) for the year attributable to the group
25,424,171
17,871,553
: /() Add: Brought forward consolidated profit/(loss) attributable to the group
TOTAL
25,424,171
17,871,553
III.
APPROPRIATIONS
Transfer to Statutory Reserve
6,250,000
4,500,000
Transfer to Revenue Reserve
12,694,151
6,714,811
Transfer to Capital Reserve
49,817
379,149
-
Transfer (from)/to Special Reserve-Currency Swap
(14,437)
(10,566)
( )
Final Dividend (including dividend tax)
4,442,954
4,286,465
( )
Dividend Tax - for Subsidiary
1,686
1,694
, 1961
Special Reserve u/s Sec 36(1) (viii) of
2,000,000
2,000,000
36(1)(viii)
Income Tax Act,1961
-
Balance carried over to consolidated Balance Sheet
TOTAL
25,424,171
17871553
(`)
Earnings Per Share (`)
48.37
34.03
Significant Accounting Policies
17
Notes on Accounts
18
- / The schedules referred to above form an integral part of the Profit and Loss Account.
1949 ''
The Profit and Loss Account has been prepared in conformity with Form B of the Third Schedule to the Banking Regulation Act, 1949.
Alok K Misra
Chairman & Managing Director
Tarun Bajaj
..
DIRECTORS
G. Mahalingam
. .
K.K. Nair
M. N. Gopinath
P. M. Sirajuddin
Harvinder Singh
. .
. .
B. A. Prabhakar
.
N. Seshadri
Executive Directors
( .. 004207)
( .. 002405)
( .. 104863)
(. )
( . )
( )
. 71600
. 033951
(C. Naresh)
Partner
(Anil K. Saxena)
Partner
(Sunil Hirawat)
Partner
. .
Chartered Accountants
( .. 301088)
( .. 003582)
(. . )
(. )
(K. K. Bhanja)
Prakash P. Mallya
. 28684
, 25 , 2011
Partner
. 14722
( .. 101720)
(. . )
(S. Chandran)
(H. P. Chaturvedi)
Partner
Partner
. 8646
. 33523
125
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
As at
31-03-2010
`
- 1 :
SCHEDULE - 1 : CAPITAL
` 10 ` 300,00,00,000
( 300,00,00,000)
AUTHORISED
300,00,00,000 (Previous year 300,00,00,000)
Equity Shares of ` 10 each
30,000,000
30,000,000
5,476,575
5,263,526
TOTAL
5,476,575
5,263,526
PAID-UP CAPITAL
54,64,80,370 Equity Shares (Previous year
52,51,75,500 ) of ` 10 each fully paid-up
(including 2,13,04,870 Equity shares issued
during the year by way of preferential issue
of equity shares)
Add: Amount of Shares forfeited
5,464,804
7,391
5,251,755
7,391
TOTAL
5,472,195
5,259,146
39,751,686
6,250,000
46,001,686
35,251,686
4,500,000
39,751,686
14,286,186
17,102,902
` 359.88 (
` 338.58 )
` 10 ` 35,98,84,870
( 33,85,80,000) ` 10
54,76,57,470
( 52,63,52,600)
` 10 54,64,80,370
( 52,51,75,500) (
2,13,04,870 )
:
- 2 :
I.
:
(I)
II. :
) :
:
: /
()
)
i) `` ''
(i)
ii)
/: ()
126
(ii)
Statutory Reserve :
Opening Balance
Additions during the year
TOTAL (I)
II.
A)
Capital Reserves :
Revaluation Reserve :
Opening Balance
Add: Revaluation of Property
Less: Depreciation/adjustments on
account of revaluation
Total of (A)
B) Others
i) Profit on sale of Investments -
"Held to Maturity"
Opening Balance
Additions during the year
Total (i)
ii) Foreign Currency Translation Reserve
Opening Balance
Add / (Less) : Adjustments during the
year (Net)
Total (ii)
1,091,513
2,816,716
13,194,673
14,286,186
8,282,242
49,817
8,332,059
7,903,093
379,149
8,282,242
3,551,717
6,410,560
1,102,533
4,654,250
(2,858,843)
3,551,717
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
- 2: ()
iii)
/():
(iii)
()
(II)
III. :
( )
:
:
i) :
/()
IV
ii) , 1961 36(1
(viii) ( )
:
(ii)
(IV)
V.
-
(I V)
- 2A :
50,032
60,598
(14,437)
(10,566)
35,595
50,032
Total (iii)
Total of (B)
13,021,904
11,883,991
TOTAL (II)
26,216,577
26,170,176
Opening Balance
18,455,796
18,455,795
10,702,952
29,158,748
18,455,796
TOTAL (III)
(III)
IV.
As at
31-03-2010
`
i) Revenue Reserve :
Opening Balance
49,613,492
42,921,699
12,694,151
6,714,811
3,945
(23,018)
Total of (i)
62,311,588
49,613,492
Opening Balance
5,200,000
3,200,000
2,000,000
2,000,000
Total of (ii)
7,200,000
5,200,000
TOTAL (IV)
69,511,588
54,813,492
170,888,599
139,191,150
137,220
186,220
/ ()
375,143
3,006,031
512,363
3,192,251
127
/ BANK OF INDIA
- 3 :
SCHEDULE - 3 : DEPOSITS
. I.
A.
I. Demand Deposits :
i) From Banks
ii) From Others
II.
III.
i)
ii)
i)
ii)
II.
III.
i)
ii)
. i)
ii)
(I)
:
(III)
(I III)
()
- 4 :
I.
:
i)
ii)
. -I ()
. -II
.
(-II )
.
(ii)
iii)
. -I ()
. -II I
.
(-II )
.
(iii)
(I)
II.
. I ()
. -II
.
(II)
(I II)
128
As at
31-03-2010
`
8,451,557
160,837,497
3,003,794
155,832,378
169,289,054
591,490,542
158,836,172
481,302,744
175,817,958
119,495,543
2,058,996,457 1,544,447,647
TOTAL (III)
2,234,814,415 1,663,943,190
TOTAL A (I to III)
TOTAL (B)
As at
31-03-2011
`
TOTAL (I)
Savings Bank Deposits
Term Deposits :
From Banks
From Others
(000's Omitted)
2,995,594,011 2,304,082,106
2,529,343,658 1,965,012,021
466,250,353 339,070,085
2,995,594,011 2,304,082,106
SCHEDULE - 4 : BORROWINGS
I.
Borrowings in India :
i) Reserve Bank of India
ii) Other Banks
a. Tier I Capital (I.P.D.I.)
b. Upper Tier II Capital
c. Unsecured Non-convertible
Redeemable Bonds
(Subordinated for Tier-II Capital)
d. Others
iii)
Total (ii)
Other Institutions and Agencies
a. Tier I Capital (I.P.D.I.)
b. Upper Tier II Capital
c. Unsecured Non-convertible
Redeemable Bonds
(Subordinated for Tier-II Capital)
d. Others
II.
Total (I)
Borrowings outside India
a. Tier I Capital (I.P.D.I.)
b. Upper Tier II Capital
c. Others
Total (iii)
6,316,000
725,000
4,825,000
825,000
1,083,000
1,103,000
1,784,144
917,801
9,908,144
7,670,801
10,484,000
41,595,000
8,975,000
31,495,000
16,917,000
21,397,000
6,759,312
59,982,266
75,755,312
121,849,266
85,663,456
129,520,067
3,778,684
10,699,038
3,811,399
10,772,970
120,072,578
79,894,519
Total (II)
134,550,300
94,478,888
220,213,756
223,998,955
/ BANK OF INDIA
I.
II.
III.
IV.
V.
As at
31-03-2011
`
- 5 :
- -()
(000's Omitted)
As at
31-03-2010
`
Bills Payable
Inter-office adjustments (net)
Interest accrued
Deferred Tax Liabilities
Others
11,280,404
8,064,677
7,064,389
111,228,097
11,754,056
7,170,146
7,316,562
5,743,200
60,631,220
TOTAL
137,637,567
92,615,184
- 6 :
I.
( )
II. :
i)
ii)
(II)
(I, II)
I.
Cash in hand
(including foreign currency notes and gold)
II.
- 7 :
I.
II.
:
i)
)
)
ii)
)
)
(I)
:
i)
ii)
iii)
(II)
(I, II)
7,788,852
6,626,220
210,737,579
74,265
149,890,070
63,333
TOTAL (II)
210,811,844
149,953,403
218,600,696
156,579,623
I.
In India :
a) in Current Accounts
b) in Other Deposit Accounts
a) With Banks
TOTAL (I)
5,090,284
4,509,680
31,154,902
55,318,610
24,355,780
67,607
19,486,920
60,668,573
79,315,210
2,601,881
5,952,060
i) In Current Accounts
69,606,765
46,164,704
25,485,718
26,479,145
97,694,364
78,595,909
158,362,937
157,911,119
TOTAL ( II )
TOTAL ( I, II )
129
/ BANK OF INDIA
- 8 :
SCHEDULE - 8 : INVESTMENTS
I.
I.
:
i)
ii)
iii)
iv)
v)
vi)
(I)
II. :
i) (
)
ii)
iii)
iv)
(II)
(I II)
III.
i)
ii)
iii)
IV.
i)
ii)
iii)
(III IV)
- 9 :
Investments in India :
i) Government Securities
ii) Other approved Securities
iii) Shares
iv) Debentures and Bonds
v) Investment in Associates
vi) Others
TOTAL (I)
II.
(000's Omitted)
As at
31-03-2011
`
As at
31-03-2010
`
674,762,938
2,783,365
12,317,239
29,004,830
5,155,221
103,519,487
570,640,020
4,482,763
10,722,479
23,065,599
4,232,886
17,440,165
827,543,080
630,583,912
20,476,384
380,332
351,493
18,014,623
27,512,613
363,660
330,676
22,336,057
39,222,832
50,543,006
866,765,912
681,126,918
III.
Investments in India :
i) Gross value of Investments
ii) Aggregate provisions for depreciation
iii) Net Investments
831,066,771
3,523,691
827,543,080
634,881,382
4,297,470
630,583,912
IV
42,623,287
3,400,455
39,222,832
55,135,418
4,592,412
50,543,006
866,765,912
681,126,918
SCHEDULE - 9 : ADVANCES
. i)
ii) ,
iii)
()
367,442,634
254,747,317
945,940,431
710,607,593
823,700,489
724,955,201
. :
i)
( )
ii) /
iii)
B. Particulars of Advances :
130
()
TOTAL (A)
2,137,083,554 1,690,310,111
370,068,958
276,692,021
iii) Unsecured
503,610,848
369,833,752
TOTAL (B)
2,137,083,554 1,690,310,111
/ BANK OF INDIA
- 9 : ()
. :
I.
i)
ii)
iii)
iv)
II.
i)
ii)
(-I)
:
)
)
)
(-II)
(-I, -II)
I.
Advances in India
i) Priority Sector
548,830,581
429,288,969
166,622,200
150,675,520
iii) Banks
3,198,900
16,840,360
iv) Others
905,438,763
729,616,015
II.
i)
ii)
TOTAL (C-I)
Advances outside India :
Due from Banks
Due from others
a) Bills Purchased and Discounted
b) Syndicated Loans
c) Others
TOTAL (II)
TOTAL (I & II)
I.
I.
II.
:
( )
/
: /
-
:
(II)
III.
(I III)
As at
31-03-2010
`
As at
31-03-2011
`
- 10 :
:
/
: /
-
: (
6419305 - ` 5467781)
- (I)
(000's Omitted)
PREMISES :
Opening Balance at cost
Additions / Adjustments during the year
Less: Deductions / Adjustments during the year
Sub-total
Addition to date on account of revaluation
credited to revaluation reserve
Less : Depreciation to date (including
` 6419305 on account of revaluation Previous year end ` 5467781)
TOTAL ( I )
1,624,090,444 1,326,420,864
210,883,571
91,130,871
72,753,106
94,525,045
134,831,388
86,075,400
73,559,029
113,123,947
512,993,110
363,889,247
2,137,083,554 1,690,310,111
6,900,453
1,115,822
155,825
5,895,789
1,073,973
69,309
7,860,450
6,900,453
19,753,966
19,753,966
8,474,773
7,263,928
19,139,643
19,390,491
11,775,706
10,560,408
2,419,407
1,622,048
1,182,019
406,750
13,013,094
11,775,706
8,315,257
8,027,861
TOTAL ( II )
4,697,837
3,747,845
1,156,803
650,830
24,994,283
23,789,166
Sub-total
131
/ BANK OF INDIA
(000's Omitted)
As at
31-03-2011
`
As at
31-03-2010
`
33,518,027
- 11 :
I.
()
I.
II.
14,991,418
13,525,405
III.
/ ()
IV.
30,185,811
27,650,341
V.
56,543
51,135
VI.
136,476
167,994
VI. Others
45,622,834
17,226,980
TOTAL
124,511,109
58,621,855
- 12
I.
I.
II.
III.
IV.
V.
VI.
7,093,168
5,004,171
3,200
3,200
863,609,290
673,103,889
159,630,208
158,120,186
68,167,301
46,924,062
198,428,256
165,738,821
332,129,487
300,544,560
VII.
6,928,369
2,130,258
132
a) In India
b) Outside India
TOTAL
1,635,989,279 1,351,569,147
/ BANK OF INDIA
- 13 :
(000's Omitted)
For the
For the
155,696,186
51,951,990
131,695,900
44,897,567
7,981,967
2,954,140
218,584,283
2,615,989
753,034
179,962,490
11,858,237
3,236,157
11,002,929
5,993,586
278
5,042,678
957
3,734,261
166,022
6,114,890
26,418,262
117,692
5,157,211
26,006,635
Year ended
31-03-2011
`
I.
II.
III.
/ /
-
IV.
I.
II.
III.
IV.
- 14 :
Interest/Discount on advances/bills
Income on Investments
Interest on balances with Reserve Bank
of India and other inter-bank funds
Others
TOTAL
,
-
,
-
IV. -
V. / /
VI.
I.
II.
III.
IV
V
VI
- 15 :
I.
II.
III.
108,533,480
8,129,121
9,495,675
139,809,281
5,556,981
7,542,214
121,632,675
I.
II.
III.
- 16 :
I.
II. ,
III.
IV.
V.
( )
VI. ,
VII.
( )
VIII.
IX. , ,
X. -
XI.
XII.
- 16 : /
I.
II.
()
Interest on Deposits
Interest on Reserve Bank of India /
inter-bank borrowings
Interest on subordinated debts, IRS etc.
TOTAL
122,184,485
II. /
III.
I.
Year ended
31-03-2010
`
23,087,487
2,462,568
389,687
525,124
1,099,592
12,587
326,599
105,145
336,110
446,305
1,593,642
6,801,838
37,186,684
413,781
178,673
592,454
394,054
64,216
458,270
133
/ BANK OF INDIA
- 17 :
.
:
()
,
: ()
,
,
(), , 1956,
()/
/
BASIS OF PREPARATION:
B.
BASIS OF CONSOLIDATION:
( )
:
(4 , 8 )
:
1.
()
()-21, `` ``
-,
-
,
, ,
/
/
()
31
, 2011
2.
134
/ BANK OF INDIA
/ , ,
3.
4. ()
()-23, ``
''
5. ()
()-27, ``
''
`` ''
1.
-
``
'' () 11
-
1.1
.
-
/
. ,
1.2
, /
:
. ( -
)
()
/
.
135
/ BANK OF INDIA
.
'
'
1.3
2.
2.1
-11
,
/
/
2.
INVESTMENTS:
, `
' ,
1949
: - ,
, , , /
2.1
: :
.
.
90
: ,
.
' '
' ' ,
2.2
.
,
, ,
136
Basis of classification:
Classification of an investment is normally done at the
time of its acquisition:
a)
Held to Maturity:
b)
c)
Held to Maturity:
Investments included in this category are carried
at their acquisition cost. Premium, if any, paid on
acquisition is amortised using constant yield method
/ BANK OF INDIA
- 13-``
II - ''
. / :
1.
/ -
/ -
,
Type of Security
Government/
Approved
securities
, (12
Method of Valuation
On Yield to Maturity basis
)
, ` 1
` 1 per company.
Preference Shares On Yield to Maturity basis
PSU Bonds
Units of Mutual
Funds
Venture Capital
18
/
18
` 1
. :
-
c)
. :
3.1 () ()
d)
137
/ BANK OF INDIA
/
/
-, ,
. :
, '
'
" "
. -
() :
-
. /
(
()
)
()
( )
,
,
/ ,
, /
/
/
/
/
.
,
, ,
,
e)
f)
g)
REPO/REVERSE REPO
h)
Derivatives:
The Parent Bank presently deals in interest rate and
currency derivatives. The interest rate derivatives
dealt with by the Parent Bank are Rupee Interest
Rate Swaps, Foreign Currency Interest Rate
Swaps, Forward Rate Agreements and Interest
Rate Futures. Currency Derivatives dealt with by the
Bank are Options, Currency Swaps and Currency
Futures.
-
:
/ ( )
138
/ BANK OF INDIA
: , ,
, ,
/
/
/
/
3.
/ :
3.1
/ ""
""
() -,
3.2
3.3
20% ( )
31.03.09
100% ( )
31.03.09
3.5
3.6
3.7
Provision made
20% (irrespective of the
value of security)
3.4
3.
a) Secured portion
50%
1 3
60%
100%
100%
b) Unsecured portion
100%
100%
100%
/
,
, ,
/:
()/
() ,
() ,
Upto 1 year
50%
60%
100%
139
/ BANK OF INDIA
/ /
4.
4.
4.1
4.2
5.
5.1
. ( )
,
.
. /
FIXED ASSETS:
5.1 Depreciation :
a) on assets (including revalued assets), is charged on
the Written Down Value at the rates determined by
the Bank; and on computers, where it is calculated
on the Straight Line Method, at the rates prescribed
by the RBI;
b) on additions is provided for the full year, irrespective
of the date on which the assets were put to use;
c) is not provided in the year of sale/disposal of an
asset;
5.2
- ,
5.3
5.4
/
/
/
5.5
..
1.
2.
, ,
10%
15%
20%
140
5%
33.33%
Sr.
No.
Particulars
1. Premises
Rate of
Depreciation
5%
10%
15%
20%
33.33%
/ BANK OF INDIA
5.6
6.
6.1
. -
,
, /
. /
/
. , ,
.
6.2
- :
:
) :
( )
REVENUE RECOGNITION:
Premium Income:
b)
) :
,
, ,
) :
: :
c)
Reinsurance Premium:
) ( ):
,
,
d)
141
/ BANK OF INDIA
,
)
-
,
,
) :
,
,1938 ,
7.
e)
Acquisition Costs
f)
7.
7.1
7.2
7.3
31.03.2007 ,
15 , 5
7.4
,
1972
31.03.2011 5
142
EMPLOYEE BENEFITS:
/ BANK OF INDIA
8.
9.
LEASED ASSETS:
()
19 " "
9.
()
20 " "
10. :
()
-22 " "
11. :
( )
( )
() 28 " "
12. ,
29 ", "
,
143
/ BANK OF INDIA
-18
1.
( )
:
.
.
31.03.2011
51%
2.
Indonesia
76%
Tanzania
100%
New Zealand
100%
) () .
()
100%
) () .
()
100%
c)
(Banking)
)
i)
ii)
iii)
iv)
v)
) .
(ii)
Names of
Associates
35%
35%
35%
35%
35%
20%
India
India
35%
India
35%
India
35%
India
35%
)
. ()
29.96%
) () .
26.02%
Zambia
35%
20%
India
29.96%
India
26.02%
)
.. (*)
(*)
Country of Proportion of
Incorporation Ownership
Sr.
No.
-
51% 48% 3 , 2010
, ,
, ,
31 , 2011
Names of
Joint Venture
48%
3% ` 7.50 ,
` 3.78
144
Sr.
No.
c)
.
.
3.
(i) :
51%
76%
.
.
India
Overseas Subsidiaries:
:
) ()
Proportion of
Country of Ownership by
Incorporation the Parent as
on 31.03.2011
Domestic Subsidiaries:
:
) .
( )
Names of
Subsidiaries
Country of Proportion of
Incorporation Ownership
India
48%
(*) During the year, the Parent Bank has reduced its stake in Star
Union Dai-ichi Life Insurance Company Limited from 51% to 48%.
Accordingly the entity has been recognised as Joint Venture w.e.f.
3rd July 2010.
/ BANK OF INDIA
4.
/ /
/ /
/ /
5.
i)
31.03.2011
31.12.2010
ii)
()
31.03.2011
() .
31.12.2010
iii) , () .
31.03.2011 ,
31.03.2011
IV) . -
.., ,
31.03.2011
V) 31.03.2011
()
6.
` 10 (
200)
7.
/ , -
/
/
145
/ BANK OF INDIA
8.
15.03.2011
/
a)
Capital:
(` in crores)
(` )
i)
ii)
iii)
iv)
v)
vi)
31.03.2011
Items
31.03.2010
(%)
31.03.2011
i)
CRAR (%)
Basel-I
11.51%
12.72%
Basel-II
12.24%
13.00%
ii)
11.51%
12.72%
II
12.24%
13.00%
Basel-I
7.90%
8.39%
7.90%
8.39%
Basel-II
8.42%
8.57%
II
8.42%
8.57%
- I (%)
- II (%)
I
3.61%
4.33%
II
3.82%
4.43%
65.86%
64.47%
I
(` )
300.00
325.00
II
(` )
1,000.00
2,000.00
) :
:
Basel-I
3.61%
4.33%
Basel-II
3.82%
4.43%
65.86%
64.47%
300.00
325.00
1,000.00
2,000.00
vi)
b)
(` )
2009-10
1,058.08
1,755.36
136.91
243.47
1,015.97
763.55
149.55
31.27
( ))
548.75
182.77
2,909.26
2,976.42
( )
146
(` in crores)
2010-11
31.03.2010
Items
2010-11
2009-10
1,058.08
1,755.36
136.91
243.47
1,015.97
763.55
149.55
31.27
Other Provisions
(including floating provisions)
548.75
182.77
2,909.26
2,976.42
Total
/ BANK OF INDIA
)
( )
(` )
(
, )
2010-11
385.92
158.00
0.00
2009-10
385.92
0.00
0.00
543.92
385.92
Particulars
385.92
385.92
158.00
0.00
0.00
0.00
543.92
385.92
) ( )
, , () .
9.
Income-Tax
(i) In respect of Parent Bank, the Claims against
the Bank not acknowledged as debt under
contingent liabilities (Schedule 12) include
disputed income tax/interest tax liabilities
of ` 530.59 crores for which no provision
is considered necessary based on various
judicial decisions for past assessments on such
disputes. Payments/adjustments against the
said disputed dues are included under Other
Assets (Schedule 11).
(i) ( 12)
` 236.33
/
( 11) /
ii)
2009-10
Opening Balance
d)
2010-11
The following information is disclosed in terms of Accounting Standards issued by the Institute of Chartered
Accountants of India:
() 15 () " " ( )
(A) Accounting Standard (AS) 15 (Revised) Employee Benefits (Parent Bank)
(`
/ ` in Crores)
2010-2011
2009-2010
8.50%
8.00%
4.00%
2.00%
8.50%
8.00%
4.00%
2.00%
8.00%
8.00%
5.00%
2.00%
8.00%
8.00%
5.00%
2.00%
147
/ BANK OF INDIA
/ ` in Crores)
2010-2011
2009-2010
148
:
( )
-
()/
166.72
69.74
160.60
54.51
79.24
37.44
37.57
428.96 2,212.15
707.75
1,539.00
:
:
858.29 2,045.48
70.72
:
/()
/()
:
/()
904.65 2,177.49
Interest Cost
(150.38) (345.42)
141.21
355.13
(48.06) (151.21)
(12.76)
85.05
1,449.67 6,892.06
904.65 2,177.49
875.28 1,764.02
793.89 1,624.14
of the period
Expected return on Plan Assets
67.80
145.28
66.52
138.18
Contributions
47.37
224.70
61.70
178.73
1,539.00
(150.38) (345.42)
(2.22)
244.03
(48.06) (151.21)
1.23
(25.82)
837.85 3,571.61
875.28 1,764.02
(143.43) (111.10)
13.98 (110.88)
2.00
188.77
3.00
283.15
1.00
94.38
1.00
94.38
1.00
94.39
2.00
188.77
67.80
145.28
66.52
138.18
(2.22)
244.03
1.23
(25.82)
65.58
389.31
67.75
112.36
1,449.67 6,892.06
904.65 2,177.49
837.85 3,571.61
875.28 1,764.02
Difference
(611.82) (3,320.45)
(29.37)
343.17 1,769.72
94.39
2.00
188.77
(267.65) (1,456.34)
(27.37)
(224.70)
37.44
37.57
1.00
(413.47)
54.51
79.24
/ BANK OF INDIA
/ ` in Crores)
2010-2011
2009-2010
Interest Cost
( )
( )
(viii)
(ix)
:
(
)
707.75
1.00
94.38
1.00
94.38
143.43
111.10
(13.98)
110.87
287.65 1,456.34
27.67
265.24
224.70
61.40
138.22
287.65 1,456.34
27.67
265.24
Employers Contribution
(47.37) (224.70)
267.65 1,456.34
to maximum of 50%
` 10000/-
15
/
(x)
(xi)
:
:
()/
()/
(61.70) (178.76)
27.37
224.70
15,085
Other Details :
27.37
160.60
442.43
69.74
(66.52) (138.18)
166.72
85.79
:
50%
70.72
(67.80) (145.28)
39,948
36,950
39,389
Salary P.M.
127.70
121.92
103.55
33.72
127.65
395.02
76.88
193.05
703.20
190.75
358.23
Corporate Bonds
232.93
968.94
227.43
901.40
130.33
334.91
Category of Assets :
16.80
69.10
167.64
928.97
Total
837.85 3,571.61
875.28 1,764.02
217.38 1,417.88
(12.76)
85.05
1.23
(25.82)
Other
554.20 1,070.88
Experience Adjustment :
On Plan Liability (Gain)/Loss
On Plan Asset (Loss)/Gain
(2.22)
244.03
149
/ BANK OF INDIA
i)
31.03.2007 17.10.2007
` 125.27 31.03.2010
1/5
` 250.54
ii)
` 56.83 ( ` 68.64 )
iii
, :
22,388
` 2,212.15
, , , 1972
` 428.96
() 15,
` 2641.11 ( ` 2215.15
+ ` 498.96 )
,
-
, 9 , 2011 (.
..80/21.04.018/2010-11)
,
` 2641.11
` 528.22 (` 2,641.11
)
,
` 2112.89 (` 2641.11 - ` 528.22 )
/
15 ` 2112.89
150
/ BANK OF INDIA
() 17 " " :
(B) Accounting Standard (AS) 17 Segment Reporting
(`
Business Segment
/ ` in Crores)
Treasury
Operations
Wholesale Banking
Operations
Retail Banking
Operations
Total
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
6,791.36
5,694.69 10,285.30
8,838.66
7,131.48
Unallocated revenue
332.36
95.44
40.25
(49.94)
24,500.25 20,596.91
Segment Results
88.81
233.86
3,089.16
2,155.23
537.57
862.16
3,715.54
3,251.25
Unallocated income
net of Expenses
(157.15)
(700.54)
Operating profit
3,558.39
2,550.71
Income Tax
1,015.97
763.55
Net Profit
2,542.42
1,787.16
OTHER INFORMATION :
Segment Assets
Unallocated Assets
Total Assets
353,031.85 276,833.88
Segment Liabilities
Unallocated Liabilities
Total Liabilities
335,395.77 262,388.85
Capital Employed
5,755.99
4,403.35
8,041.59
6,043.04
3,285.18
Unallocated Capital
17,636.08 14,445.03
5,629.58
553.32
4,133.95
1,495.63
: - /
NOTE : Information in respect of Non Banking subsidiaries/joint venture has been included under unallocated segment.
:
Part B : Geographical Segment
(`
Geographical Segments
Particulars
Revenue
Assets
/ ` in Crores)
Domestic
International
Total
2010-11
2009-10
2010-11
2009-10
2010-11
2009-10
22,327.16
18,678.82
2,173.09
1,918.09
24,500.25
20,596.91
290,611.88
228,874.60
62,419.97
47,959.28
353,031.85
276,833.88
151
/ BANK OF INDIA
17
i)
i)
:
) :
,
) :
) :
:
i)
: ` 5
ii)
` 50
b)
c)
)
,
)
/
ii)
d)
e)
Allocation of Costs
Expenses directly attributed to particular
segment are allocated to the relative segment
:
)
)
ii)
18 :
I)
:
() :
: . .
. (31.10.2010 )
(01.11.2010 )
152
I)
Chairman &
Managing
Director
Executive
Directors
/ BANK OF INDIA
() :
(i) .
(ii)
(iii) () .
(iv) () . (31.03.2011 )
(b) Subsidiaries :
(i) BOI Shareholding Ltd.
(ii) PT Bank Swadesi
(iii) Bank of India (Tanzania) Ltd.
(iv) Bank of India (New Zealand) Ltd. (w.e.f.
31.03.2011)
() :
(i) - .
(03.07.2010 )
() :
(i) .
(ii) () .
(ii) .
(iii) 5 :
l
,
l
,
l
,
l
,
l
II)
II)
(d) Associates :
(i) Securities Trading Corporation of India Ltd.
(ii) ASREC (India) Ltd.
(iii) Indo-Zambia Bank Ltd.
(iv) 5 Regional Rural Banks sponsored by the Bank:
Aryavart Gramin Bank
Baitarani Gramya Bank
Jharkhand Gramin Bank
Narmada Malwa Gramin Bank
Wainganga Krishna Gramin Bank
() ( ):
(`
Associates /
Joint
ventures
Key
Management
Personnel
Relatives of Key
Management
Personnel
/ ` in Crores)
Total
Deposit
28.92
22.17
0.41
0.44
0.00*
0.01
29.33
22.63
68.67
73.24
0.53
0.50
0.01
0.01
69.21
73.75
Placement of deposits
306.71
306.71
57.66
57.66
Investments
Other Lending
99.99
99.99
Borrowings in Call/Notice/
Term Money
0.02
0.02
100.67
0.08
0.04
100.75
0.04
153
/ BANK OF INDIA
Associates /
Joint
ventures
Key
Management
Personnel
Relatives of Key
Management
Personnel
/ ` in Crores)
Total
/
/
/
/
144.19
29.89
144.19
29.89
320.39
40.30
320.39
40.30
Non-funded commitments
Interest paid
1.18
0.01
0.02
0.00*
1.20
0.01
Interest received
2.00
0.00*
2.00
0.16
0.15
0.16
0.15
Dividend Paid
0.00*
Dividend Received
1.31
1.31
Services rendered
21.15
21.15
Services received
11.67
11.67
Management contracts
0.27
0.01
0.27
0.01
Any Others
2.68
2.68
* ` 50,000
* Actual amount being less than ` 50000/-, the same is not furnished.
II)
) :
b)
..
/ Name
/ Designation
Sl.No.
/ Remuneration
13,87,200
7,99,690
..
11,87,143
14,46,459
6,75,525
13,46,752
4,71,250
Shri M. Narendra
Shri N. Seshadri
Executive Director
Executive Director
Eexecutive Director
-,
, -18
9
-
154
/ BANK OF INDIA
)
19-
( ) :
(i)
, ,
(` in crores)
(` )
..
31-03-2011 31-03-2010
0.62
2.64
(i) 1
0.62
2.64
(ii) 1
5
0.00
(iii) 5
Sr.
No.
0.62
2.64
(i)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.62
2.64
0.62
2.64
0.00
0.03
(-)
0.62
2.61
(`)
2.64
20 :
1.
0.62
b)
31-03-2010
Gross Investments
..
31-03-2011
a)
c)
0.00
0.03
d)
Net investments [ a c ]
0.62
2.61
2010-2011
2009-2010
48.37
34.03
TOTAL
(ii) ( ` 0.19 )
)
Particulars
Sr.
No.
Particulars
1.
2010-2011
2009-2010
48.37
34.03
... :
..
()
2010-2011
2009-2010
(` )
()
1,787.16
()
()
52.56
52.52
48.37
34.03
Rs.10.00
Rs.10.00
(/) (.)
()
2,542.42
(`)
...
Particulars
2010-2011
2009-2010
(A)
2,542.42
1,787.16
(B)
52.56
52.52
(C)
48.37
34.03
(D)
10.00
10.00
* Basic & Diluted E.P.S. are same as there are no dilutive potential
equity shares.
155
/ BANK OF INDIA
)
22- :
(F)
(iii)
:
(` )
.
.
31.03.2011
(` in crores)
Sr.
Particulars
No.
31.03.2010
i)
ii)
352.79
312.26
i)
352.79
312.26
69.68
74.67
ii)
Others
69.68
74.67
422.47
386.93
422.47
386.93
i)
ii)
iii)
iv)
()
31.03.2011 31.03.2010
26.42
28.97
658.85
507.93
426.99
365.16
3.69
42.39
1,115.95
944.45
/ ()
(693.48)
(557.52)
27 - ( 27) -
:
27
-, -
:
i)
On account of depreciation on
fixed assets
26.42
28.97
ii)
On account of depreciation on
investment
658.85
507.93
426.99
365.16
3.69
42.39
1,115.95
944.45
(693.48)
(557.52)
iv) Others
(` )
31.03.2011
47.79
768.61
816.40
156
Particulars
31.03.2011
Liabilities
(` in crores)
63.48
47.79
Deposits
Borrowings
768.61
Total
816.40
Assets
Cash and Balances with Reserve Bank of India
Balances with Banks and Money at
call and short notice
63.48
/ BANK OF INDIA
31.03.2011
Particulars
31.03.2011
718.48
Investments
718.48
Advances
9.26
Fixed Assets
9.26
25.18
Other Assets
25.18
816.40
Total
816.40
Capital Commitments
0.82
0.82
Income
9.31
Interest Earned
9.31
1.45
Other Income
1.45
10.76
10.76
Expenditure
23.48
23.48
/ ()
Total
(12.72)
Interest Expended
Operating Expenses
23.48
Total
23.48
Profit/(Loss)
(12.72)
29
, ``,
'':
. (
)
(` )
1 2010
1.20
216.49
211.08
31 2011
/
6.61
/
:
,
, , ,
, ,
, :
Particulars
Balances as at 1st April 2010
Legal cases/contingencies
1.20
216.49
211.08
6.61
Timing of outflow/uncertainties
B.
Outflow on settlement/
Crystallization
Contingent Liabilities :
Such Liabilities as mentioned are dependent upon, the
outcome of court order/arbitration/out of court settlement,
disposal of appeals, the amount being called up, terms
of contractual obligations, devolvement and raising of
demand by concerned parties, as the case may be. No
reimbursement is expected in such case.
157
/ BANK OF INDIA
10. 3 - /
. :
:
/
, II
/
:
/()
/()
/()
()/()
()/()
()/()
()/
()
. :
()
()
() + () + ()
Year ended
31.03.2011
Year ended
31.03.2010
35,583,920
25,507,129
4,473,286
Adjustments for:
Amortisation/Depreciation on Investments
2,670,000
1,448,561
1,099,592
17,563,739
19,694,049
7,309,900
5,715,400
Dividend received
(166,022)
(117,692)
Adjustments for:
Increase/(Decrease) in Deposits
691,511,905
402,315,412
Increase/(Decrease) in Borrowings
(12,178,552)
45,868,682
37,723,530
16,341,387
(Increase)/Decrease in Investments
(187,365,842) (156,526,529)
(Increase)/Decrease in Advances
(457,354,233) (274,637,566)
(63,385,302)
4,614,930
(11,399,494)
(11,139,906)
61,962,110
83,208,174
(4,041,202)
(2,242,249)
296,010
150,221
Dividend received
. :
C.
, II ()
/ II
/ ` in 000)
(` 000
166,022
125,892
(943,152)
(355,567)
Minority Interest
(2,679,887)
2,166,625
(7,202,209)
(155,078)
213,049
10,702,952
8,393,353
21,342,400
Dividend paid
(4,286,465)
(3,072,100)
(7,309,900)
(5,732,394)
7,712,989
12,537,907
62,472,890
95,591,003
314,490,742
218,899,739
376,963,632
314,490,742
11.
Additional information disclosed in the separate financial statements of the Parent and the subsidiaries having no bearing
on the true and fair view of the Consolidated Financial Statements and also the information pertaining to the items which
are not material, have not been disclosed in the Consolidated Financial Statements.
12. /
Previous years figures have been regrouped/rearranged, wherever considered necessary.
158
/ BANK OF INDIA
1.
31 2011 ()
, ()
,
i)
ii)
, : ,
,
2.
3.
:
,
()
21 `` '' 23
``
''
ii.
iii)
iv)
i.
159
/ BANK OF INDIA
4.
:
i)
31 2011
.1,121.05
.111.90
ii)
31 2011
.1952.12
.1035.15
ii)
.56.98
5.
.2.27
6.
,
/
:
:
7.
,
18 9() (iii) , ;
2112.89
//
/80/21.04.018/2010-11 9, 2011
:
-
() 15
8.
,
,
:
i)
160
31 2011
,
/ BANK OF INDIA
ii)
iii)
For Sundaram & Srinivasan
Chartered Accountants
( ..004207)
(Firm Reg. No. 004207S)
(. )
(C. Naresh)
Partner
. 28684
M. No. 28684
..
For L.B. Jha & Co.
Chartered Accountants
( ..301088E)
(.. )
(K.K. Bhanja)
Partner
. 14722
M. No. 14722
Chartered Accountants
( ..002405)
( . )
(Anil K. Saxena)
Chartered Accountants
( ..104863W)
(Sunil Hirawat)
Partner
Partner
. 71600
. 033951
M. No. 71600
Chartered Accountants
( ..003582S)
(.)
M. No. 33951
Chartered Accountants
( ..101720W)
(.. )
(S. Chandran)
Partner
(H.P. Chaturvedi)
. 8646
Partner
M. No. 8646
. 33523
M. No. 33523
, 25 , 2011
Mumbai, 25th May, 2011
161
/ BANK OF INDIA
II ( 3) -
() 2011
-1
()
()
(i) (ii)
(iii) (iv)
, (
)
/
/
'' ''
, 27
''
''
21
'' ''
, , /
, ,
,
/ /
31 2011
, 23
``
''
162
/ BANK OF INDIA
i)
:
( )
31.03.2010
:
) .( )
) ()
) . ()
) . ()
31.03.2011
51%
76%
100%
100%
i)
ii)
iii)
iv)
v)
vi)
vii)
viii)
ix)
ii)
iii)
iv)
- ..()
i)
.
() .
.
Country of
Incorporation
Proportion of
Ownership
as on
31.03.2011
Domestic Subsidiaries:
BOI Shareholding Ltd.
(Non-Banking)
India
Overseas Subsidiaries:
a) PT Bank Swadesi (Banking)
Indonesia
b) BOI Tanzania Ltd. (Banking)
Tanzania
c) Bank of India (New Zealand)
Limited (Banking)
New Zealand
51%
76%
100%
100%
20% () :
.
.
i)
48.00
29.96
26.02
20
35
35
35
35
35
()
( )
,
,
i)
ii)
iii)
iv)
v)
vi)
vii)
viii)
ix)
ii)
:
.
.
() .
- ..
5
:
:
()
Country
of incorporation
Proportion of
ownership
percentage
48.00
29.96
26.02
20
35
35
35
35
35
Pro-rata consolidated:
Security Trading Corporation of India Ltd.
Indo-Zambia Bank Ltd.
ASREC (India) Ltd.
Star Union Dai-Ichi Life Insurance Co. Ltd.
5 Regional Rural Banks sponsored by the Bank
Quantitative Disclosures
(b) The aggregate amount of capital deficiencies in all
subsidiaries not included in the consolidation i.e.
that are deducted and the name(s) of such
subsidiaries.
(d) The aggregate amounts (e.g. current book value)
of the banks total interests in insurance entities,
which are risk-weighted as well as their name,
their country of incorporation or residence, the
proportion of ownership interest and, if different,
the proportion of voting power in these entities.
In addition, indicate the quantitative impact on
regulatory capital of using this method versus
using the deduction.
NIL
NIL
163
/ BANK OF INDIA
-2
Table DF-2:
Capital structure
Qualitative Disclosures
() I
2
1.
1 ,
( I) 2
:
()
)
85
) I
) II
) III
) IV
) V
) VI
30.03.2017
6.994%
377.87
27.07.2007
27.09.2007
11.10.2007
10.02.2009
09.12.2009
09.09.2010
27.07.2017
27.09.2017
11.10.2017
10.02.2019
09.12.2019
09.09.2020
10.55%
10.45%
10.40%
8.90%
9.00%
9.05%
400.00
100.00
155.00
400.00
325.00
300.00
2057.87
)
)
)
)
.)
)
)
II
-
II
-
II
-
II
II
-
III
II
-
IV
II
-
V
II
-
VI
164
377.87
27.07.2017
10.55%
400.00
c)
In India 27.09.2007
27.09.2017
10.45%
100.00
d) Series III
In India
11.10.2007
11.10.2017
10.40%
155.00
e) Series IV
In India 10.02.2009
10.02.2019
8.90%
400.00
f)
Series V
In India 09.12.2009
09.12.2019
9.00%
325.00
g) Series VI
In India 09.09.2010
09.09.2020
9.05%
300.00
28.08.2009
20.01.2010
11.06.2010
28.08.2024
20.01.2025
11.06.2025
8.45%
8.50%
8.54%
8.48%
2057.87
Date of
Issue
Date of
Maturity
Coupon
Rate
` in
crore
22.09.2021
6.625%
1069.90
500.00
Upper Tier
II Bonds
Series II
In India 16.10.2008
16.10.2023
11.15%
500.00
500.00
d) Upper Tier
II Bonds
Series III
In India 28.07.2009
28.07.2024
8.45%
500.00
500.00
e) Upper Tier
II Bonds
Series IV
In India 28.08.2009
28.08.2024
8.50%
500.00
1000.00
f)
In India 20.01.2010
20.01.2025
8.54%
1000.00
1000.00
g) Upper Tier
II Bonds
Series VI
In India
11.06.2025
8.48%
1000.00
5301.90
1069.90
28.07.2024
TOTAL
c)
6.625%
28.07.2009
Series II
USD
240 Mn 22.09.2006
22.09.2021
6.994%
In India 27.07.2007
732.00
22.09.2006
30.03.2017
b) Series I
9.35%
240 Mn
USD 85
Mn
30.03.2007
31.07.2021
732.00
` in
crore
In India 31.07.2006
9.35%
11.15%
Coupon
Rate
b) London
Branch
MTN
31.07.2021
16.10.2023
Perpetual &
Call Option
a) Upper Tier
II Bonds
Series I
31.07.2006
16.10.2008
Date of
Issue
a) Jersey
Branch
MTN
Particulars
b)
II
30.03.2007
BANK OF INDIA
Upper Tier
II Bonds
Series V
TOTAL
11.06.2010
5301.90
/ BANK OF INDIA
)
c)
II
)
)
)
)
.)
V
VI
VII
VIII
IX
23.01.2004
31.03.2004
23.02.2005
16.09.2005
20.03.2006
30.04.2014
30.04.2014
23.05.2014
16.04.2015
20.06.2016
5.88%
350.00
5.90%
200.00
7.10%
300.00
7.50%
750.00
8.00%
200.00
1800.00
2.
i)
ii)
,
I 15%
iii)
iv) 100 10
3.
II -
i)
( -)
( )
, 15
ii)
iii) 100 10
( )
I , , ,
() . ( )
I , II
1.
Date of
Issue
Date of
Maturity
Coupon
Rate
a) Series V
In India 23.01.2004
30.04.2014
5.88%
350.00
b) Series VI
In India 31.03.2004
30.04.2014
5.90%
200.00
c)
Series VII
In India 23.02.2005
23.05.2014
7.10%
300.00
d) Series VIII
In India 16.09.2005
16.04.2015
7.50%
750.00
e) Series IX
In India 20.03.2006
20.06.2016
8.00%
200.00
TOTAL
1800.00
C.
Quantitative Disclosures
(` )
i)
ii) ( )
iii)
iv)
v) I
I (i+ii+iii+iv-v)
` in
crore
547.22
15013.44
2057.87
-----278.63
17339.90
(` in Crores)
i)
ii)
547.22
15013.44
2057.87
------
Deductions
v)
278.63
17339.90
165
/ BANK OF INDIA
2.
2 ( ) ` 7867.01
3.
(` )
(` in Crores)
5301.90
5301.90
1000.00
1000.00
5301.90
5301.90
4.
2 :
(` )
5.
6.
1800.00
0.00
1310.00
1800.00
0.00
1310.00
(` )
(` in Crores)
17339.90
Tier I Capital
17339.90
II
7867.01
Tier II Capital
7867.01
25206.91
Total Capital
25206.91
-3
Table DF-3
Capital Adequacy
()
,
, ,
,
()
I II
,
II
166
Qualitative disclosures
(a) A summary discussion of the bank's approach to
assessing the adequacy of its capital to support current
and future activities.
A
BANK OF INDIA
/ BANK OF INDIA
( )
B.
` 168.80 ,
() . ()
C.
()
I : ,
I
2 :
() 9%
l
l
()
:
l
- :
- ( ):
- :
() :
l :
()
I
l
l
,
-
Quantitative disclosures
` 18532.29
` 896.03
` 14.67
` 661.07
` 1318.73
12.24% 8.42%
12.17% 8.33%
(b)
(c)
` 18532.29 Crores
NIL
` 896.03 Crores
` 14.67 Crores
` 661.07 Crores
` 1318.73 Crores
12.24% and 8.42%
167
/ BANK OF INDIA
-4
Table DF-4
Qualitative Disclosures
:
l
, ,
:
i)
ii) / (/) ,
``''
iii) 90
90
/
iv) ,
v)
vi) 1 , 2006
90
vi)
90
vii) / ,
: `` ''
,
(90 )
viii)
: `` ''
,
168
( )
BANK OF INDIA
Non-performing Assets
An asset, including a leased asset, becomes nonperforming when it ceases to generate income for the
bank.
/ BANK OF INDIA
ix)
: `` ''
,
:
``''
``'' /
/
90
, ``''
``''
``''
Non-performing Investments
, /
() () :
(i)
/ ( ) 90
(ii)
(iii)
,
. 1
(iv)
:
(v)
/ ,
( )
169
/ BANK OF INDIA
, ,
,
``''
,
`` ``
/ 90
1 , 2010
50 55
32 39
, ,
50 55
2011
Assets are classified into Earning Assets and Nonearning Assets. Earning Assets are provision of funds
by a bank to earn revenues. Non Earning Assets
are assets of the Bank other than Earning Assets with
potential for Loss.
Past due: Any amount due to the bank under any credit
facility is past due if it is not paid on the due date fixed
by the bank.
() . ( )
( );
C.
1.
2.
3.
4.
5.
,
:
91-180
181-270
271
170
10%
50%
100%
Classification
Provisioning
91-180
Substandard
10%
181-270
Doubtful
50%
Loss
100%
/ BANK OF INDIA
1.
, ,
-
2.
, ,
3.
/
/
,
4.
- ,
/
4.1
, ,
,
, ,
, , , ,
, ( ), ,
, , , ,
, ,
BANK OF INDIA
171
/ BANK OF INDIA
,
,
4.2
( ) -
,
()
, ,
, ,
,
/ /
,
/
4.3
//
,
,
,
,
,
,
, ,
,
,
, ,
172
4.3 Operations/Systems/Processes
/ BANK OF INDIA
,
, / , ,
, ,
()
5.
/
) -
5.
b.
Prudential Limits
c.
Risk Rating/Pricing
d.
e.
/
/
) /
) / ()
173
/ BANK OF INDIA
` 10
:
()
-
6.
:
31 2008 ( II)
7.
(
)
8.
( )
-
( )
()
/
,
()
. ( )
,
:
, -
,
174
Risk Measurement
7.
8.
Risk Review:
B.
C.
/ BANK OF INDIA
,
( )
:
)
)
)
) , -
/
: /
:
)
( )
i)
ii)
iii)
iv)
, ,
v)
i) (,
, )
ii)
iii)
iv)
v)
vi) ,
;
Limiting
concentrations
of
exposure
to
counterparties, geographies and industries (for loans
and advances).
promptly
whenever
175
/ BANK OF INDIA
1.
2.
(` )
216778
44092
3.
Category
Amount
Fund Based
216778
44092
165147
39378
(` )
51631
4714
Fund Based
Non Fund Based
162.23
1137.14
10203.38
2530.08
1927.76
779.98
7389.04
4214.51
90.14
3541.36
1409.58
621.06
146.18
464.57
846.66
1873.06
4379.45
237.19
1073.36
2077.70
921.44
461.04
3730.86
1742.38
968.70
2359.59
18.02
13015.00
12076.35
Overseas
165147
51631
39378
4714
(` )
368.45
28.68
1017.59
1225.59
111.80
350.39
614.69
72.01
212.29
, ,
429.55
12.38
8.72
430.07
787.67
232.34
,
1158.73
5328.92
6188.17
( )
140547.96
25625.28
216777.81
44091.52
* - 6% 5%
* - 12.09%
5%
176
(` in Crores)
Domestic
(` in Crores)
Coal
Mining
Iron & Steel
Fund Based
Non Fund Based
Amt Outstanding Amt Outstanding
162.23
1137.14
368.45
10203.38
28.68
2530.08
1017.59
All Engineering
1927.76
1225.59
779.98
111.80
Electricity
7389.04
Cotton Textiles
4214.51
90.14
Other Textiles
3541.36
350.39
Sugar
1409.58
621.06
614.69
146.18
464.57
846.66
72.01
1873.06
212.29
4379.45
429.55
237.19
Of which Electronics
Jute Textiles
Food Processing
Of which Fertilisers
Of which Petro-chemicals
1073.36
2077.70
Cement
921.44
12.38
461.04
8.72
3730.86
430.07
Construction
1742.38
787.67
Petroleum
Automobiles including trucks
Computer Software
968.70
232.34
2359.59
1158.73
18.02
Infrastructure *
13015.00
5328.92
Other Industries
12076.35
6188.17
140547.96
25625.28
Total
216777.81
44091.52
/ BANK OF INDIA
4.
(` )
19145.82
()
23.20
*
2270.17
2 - 7
4005.08
2071.30
3565.12
8 - 14
3387.32
913.63
1655.51
15 - 28
7654.57
1406.01
4075.14
29 - 3
50723.45
7787.51
13730.80
>3 - 6
23531.26
1917.89
10464.87
> 6 - 1
19070.35
1400.95
7639.24
>1 - 3
25401.14
7264.43
7002.70
> 3 - 5
24433.99
8863.84
5616.52
> 5
36373.83
54335.52
6548.00
Maturity Pattern
Advances*
Investments
(gross)
Foreign
Currency
Assets*
Next day
19145.82
23.20
2270.17
2 7 days
4005.08
2071.30
3565.12
8 14 days
3387.32
913.63
1655.51
15 28 days
7654.57
1406.01
4075.14
29 days 3 months
50723.45
7787.51
13730.80
23531.26
1917.89
10464.87
19070.35
1400.95
7639.24
25401.14
7264.43
7002.70
24433.99
8863.84
5616.52
> 5 years
36373.83
54335.52
6548.00
5.
-1
- 2
- 3
(` )
2098.80
1156.81
735.90
290.29
547.88
4829.68
Category
(` in Crores)
Sub Standard
2098.80
Doubtful 1
1156.81
Doubtful 2
735.90
Doubtful 3
290.29
Loss
547.88
TOTAL
4829.68
6.
`1957.73
7.
. : 2.23%
. : 0.92%
8.
(` )
i)
ii)
iii)
iv)
9.
(i+ii-iii)
4893.14
2921.89
2985.35
4829.68
i)
4893.14
2921.89
2985.35
4829.68
(` in Crores)
(` )
i) ( )
2201.29
ii)
1141.16
iii) /
1114.78
iv) (i+ii-iii)
2227.67
i)
2201.29
1141.16
1114.78
2227.67
177
/ BANK OF INDIA
10. `262.60
11. ` 259.81
12.
:
(` )
i)
886.28
ii)
137.03
iii) /
333.59
iv) (i+ii-iii)
689.72
(` in Crores)
137.03
333.59
-5
Table DF-5
l
,
l
;
l
Qualitative Disclosure
a) For portfolios under the standardized approach:
Names of credit rating agencies used, plus reasons
for any changes;
Types of exposure for which each agency is used;
and
A description of the process used to transfer public
issue ratings onto comparable assets in the banking
book;
:
1.
, ,
,
, ,
,
A: BANK OF INDIA
2.
, -II
,
2. The ratings of all these agencies are being used for all
exposures subjected to rating for risk weighting purposes
under the standardized approach for CRAR calculations
under Basel-II.
15
,
,
178
/ BANK OF INDIA
3.
,
,
,
4.
,
,
5.
150%
150%
6.
7.
8.
,
:
i)
( ,
)
179
/ BANK OF INDIA
, ,
ii)
, ,
,
,
, ,
( )
ii.
() . ( )
` 259868
` 115254
` 18217
() :
180
-6
)
( )
;
Quantitative Disclosures:
( )
( )
:l
100%
l
100%
l
100%
l
( )
` 259868 Crores
` 115254 Crores
` 18217 Crores
Deducted
NIL
Table DF-6
Credit risk mitigation: disclosures for standardised
approaches
Qualitative Disclosures
(a) The general qualitative disclosure requirement with
respect to credit risk mitigation including:
policies and processes for collateral valuation and
management;
a description of the main types of collateral taken by
the bank;
the main types of guarantor counterparty and their
creditworthiness; and
information about (market or credit)
concentrations within the mitigation taken.
risk
/ BANK OF INDIA
A: BANK OF INDIA
1.
,
,
( )
() :
(1)
(2) -
(2) On-balance-sheet-netting
(3)
(3) Guarantees
2.
2.
:
i.
ii. 99.99%
iii.
iv.
v.
vi. -
vii. - , ,
viii.
i.
ii.
/ (
) ( ) ,
3.
On-balance-sheet-netting
4.
4.
Guarantees
, , ,
. /
.
3.
181
/ BANK OF INDIA
(i) , (, ,
-
, ),
;
(ii)
5.
,
, , , /
/ /
, , ,
,
, ,
/
/
:-
i)
ii) /
iii)
6.
:
,
i)
182
/ ,
Enforceability
/ BANK OF INDIA
ii) ;
c) Loan-to-value ratios
()
d) Valuation
(g) Insurance;
, ,
, ,
( )
200,000
The Bank has clear and robust procedure for the timely
liquidation of collateral.
183
/ BANK OF INDIA
() . ( )
;
,
/
1)
) 125%
(: )
125%
( )
(
% )
25%
10%
5%
;
( )
()
/ (
)
limit (as % of
core capital)
c) Unsecured
25%
10%
5%
Quantitative Disclosures:
:
()
` 42593 Crores
` 17317 Crores
(b)
(c)
` 42593 Crores
-7
Table DF-7
31.03.2011
-8
Table DF-8
Qualitative disclosures
()
184
/ BANK OF INDIA
- -
-
(i)
:
, ,
() -
(i)
28
,
, ,
12
()
200
Liquidity Risk
185
/ BANK OF INDIA
, ,
(ii)
:
,
, /
(iii)
/
- -
- -
- /
,
-
(iv) / :
( )
,
-
2 ,
186
/ BANK OF INDIA
:
() . ()
i. : ,
,
ii.
ii. :
,
iii. -
iv. :
-
.
l
` 896.03
Rs.896.03 Crores
` 661.07
` 14.67
-9
()
Table DF-9
Operational risk
Qualitative disclosures
A: BANK OF INDIA
,
,
()
187
/ BANK OF INDIA
,
()
,
,
,
-, ,
,
()
,
()
,
,
( )
,
, ,
() . ( )
,
:-
188
/ BANK OF INDIA
:
-10
()
()
-
()
/ /
/ -8
( 100%
)
,
, ,
,
,
1%
A: BANK OF INDIA
189
/ BANK OF INDIA
Assumptions:
,
/ /
3 6 1
( )
() . ( )
- ,
(
) (),
( 5 )
,
(
5%
)
1. ()
0.50%
` 66.31
` 0.56
2.
` 66.31 Crores
` 0.56 Crores
` 1579.13 Crores
` 103.99 Crores
10.19
0.67
1. Earnings At Risk
(NII)
At 0.50% change
for 1 year
2. Economic Value
of Equity at Risk
200
` 1579.13
` 103.99
10.19
0.67
Drop in equity
value in %age terms
190
Total
/ BANK OF INDIA
BANK OF INDIA
: , , (), - 400 051.
Head Office : Star House, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051
NOTICE
, 14 2011 3.30
, 1
, , ( ) - 400 020
:
1 : "31 2011 , 31 ,
2011 - ,
,
"
2 : " 2010-11
"
Ordinary Business
Item No. 1: To discuss, approve and adopt the audited
balance sheet as at 31st March 2011, profit and loss account
for the year ended 31st March 2011, Report of the Board of
Directors on the working and activities of the Bank for the
period covered by the Accounts and the Auditors Report on
the Balance Sheet and Accounts.
Item No. 2: To declare dividend on Equity Shares for the
financial year 2010-11.
3 :
:
" ( )
, 1970 3(28), (
) , 1970
(
) ( ), 2007
4, (
) , 2009 ("
") /// /
, , ,
("")
, , ("")
( ""
()) /
( ) /
(
) / / /
/ /
()
Special Business
Item No. 3. To consider and if thought fit, to pass the
following resolution, with or without modifications, as a
Special Resolution:
RESOLVED THAT pursuant to the provisions of section
3(2B) of the Banking Companies (Acquisition and Transfer
of Undertakings) Act, 1970, section 20 of the Nationalised
Banks (Management and Miscellaneous Provisions) Scheme,
1970, clause 23 of the listing agreement entered into with
the Bombay Stock Exchange Limited and the National Stock
Exchange of India Limited (including any amendment thereto
or re-enactment thereof), regulation 4A of the Bank of India
(Shares and Meetings) Regulations, 2007, the Securities and
Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2009, as amended (the SEBI
ICDR Regulations) and the other rules / notifications / circulars
/ regulations/guidelines, if any, prescribed by the Government of
India, Reserve Bank of India, Securities and Exchange Board
of India (the SEBI) or any other relevant authority, whether
in India or abroad, from time to time to the extent applicable
and subject to approvals, consent, permissions and sanctions
as might be required and further subject to such conditions as
might be prescribed while granting such approvals, consents,
permissions and sanctions, which may be agreed by the Board
of Directors of the Bank of India (the Bank) (hereinafter
referred to as the Board, which term shall be deemed to
include any committee(s) constituted / to be constituted by the
Board to exercise its powers including the powers conferred by
this Resolution) is hereby authorised on behalf of the Bank, to
create, offer, issue and allot including by way of further public
offer (fast track or otherwise) and / or rights issue (fast track
or otherwise) and /or qualified institutional placement and / or
private placement and / or preferential allotment in terms of the
191
/ BANK OF INDIA
/
/
/ ( " "
) /
, , ,
, , , , , ,
/ /
, , /
/
/
` 10 18,00,00,000
( )
-
() ,
() ,
,
/ / / /
,
/
, -
"
,
, ,
, , ,
/
() 2009 VIII
2 (1) ()
:
12
() , 2009 VIII
(), 2009
,
,
, ,
192
/ BANK OF INDIA
/
,
:
(
() )
,
,
,
:
,
,
, ,
,
/
// ///, ,
, /
/ , , ,
, , ,
, () () ()
,
:
: 25.05.2011
( )
Place : Mumbai
Date : 25/05/2011
(ALOK K MISRA)
Chairman & Managing Director
193
/ BANK OF INDIA
:
1.
2.
3.
4.
5.
6.
7.
8.
. 3
4 () 9 , 2011
, -
, , 4 ()
, 9 , 2011
,
,
,
9 , 2011
14 , 2011 ( )
,
:
() ..
: ,
13, , ,
, ,
, , - 400072.
: 022-67720300 l : 022-28591568
E-mail : boi@shareproservices.com
25 2011
:
) 8 , 2011
. ()
() . ()
) 8 , 2011
--
--
//
--
/ --
( ) , 1970 10
, 1956 205-
194
NOTES:
1.
2.
3.
4.
5.
6.
7.
8.
/ BANK OF INDIA
ANNEXURE TO NOTICE
1. , ` 3000 (`
) 31 , 2011 ` 546.48
1.
2. 1997 ` 675
` 35/- ` 10/- 15
, 2008
` 1359.81 ` 350
3,77,72,600
24,2011 ` 464.07
` 10/- 2,13,04,870
` 359.88 65.86%
31 , 2011
:
2.
(31.03.2011 )
-I
-II
( )
2,04,762
17,047
7,867
24,914
%
8.33
3.84
12.17
3.
4. , -I
5. : ,
I
,
(
) / ( ) /
/
/ /
, ()
/
18,00,00,000
6. ,
Particulars
(As on 31.03.2011)
` in crores
Amount
2,04,762
% of capital funds to
risk weighted asset
Tier-I Capital
17,047
8.33
Tier-II Capital
7,867
3.84
Total Capital
24,914
12.17
3.
4.
5.
6.
195
/ BANK OF INDIA
,
() ,
7.
7.
(
) , 1970 3 (2) , ,
, :" , ,
"
8. , ,
, 23
, ,
,
, ,
9. , (
) , 1970 3 (2)
,
( ) 2007 61
:" , ,
"
10.
11. ,
/
:
: 25/5/2011
196
( )
Place : Mumbai
Date : 25/05/2011
(ALOK K MISRA)
Chairman & Managing Director
"
/ BANK OF INDIA
( )
. _______________________________________
. _____________________________________
( )
. ___________________________
( )
/ __________________________________________________________________________________ _____________________________________________________________
_____________________________________ _____________________________________________ / / /
/ __________________________________________ ______________________________ ______________________________ _______________________
/ _________________________________________________________ _____________________________________________________________
___________________________ ____________________________ / / 14 , 2011
/
______________________________ __________________ 2011
___________________________________________________________
: _________________________________________________________________________
: _________________________________________________________________________
______________________________________________________________________________
_________________________________________________________________
/
1.
.
.
.
2.
"
3.
4.
5.
6.
7.
, ,
()
( )
, :
, , , 8 , , -5, `''' , - , (), - 400 051.
197
/ BANK OF INDIA
BANK OF INDIA
Head Office: Star House, C-5, 'G' Block, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051.
PROXY FORM
(To be filled and signed by the Shareholder)
DP ID____________________________________
Folio No._________________________
(if not dematerialised)
I/We, resident of
Client ID_________________________________
(if dematerialised)
________________________________________________
____________________________________________________________________________________________________
resident of
______________________________________________________________
________________________________
in the
__________________________________
_____________________________________________
day of
_________________
2011.
__________________________________________________
Address :
Revenue
Stamp
_______________________________________________
____________________________________________________________
_______________________________________________________
No
a)
b)
c)
2.
An instrument of proxy shall be sufficiently signed by any shareholder, who is, for any reason, unable to write his/her name, if his/her mark
is affixed thereto and attested by a Judge, Magistrate, Registrar or Sub-Registrar of Assurance or other Government Gazetted Officer or
an Officer of Bank of India.
3.
No proxy shall be valid unless it is duly stamped and deposited at the following address not less than FOUR DAYS before the date of the
Annual General Meeting, together with the power of attorney or other authority (if any) under which it is signed or a copy of that power
of attorney or other authority certified as a true copy by a Notary Public or a Magistrate, unless such a power of attorney or the other
authority is previously deposited and registered with the Bank at Bank of India, Share Department Head Office: Star House, C-5, 'G'
Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 051.
4.
An instrument of proxy deposited with the bank shall be irrevocable and final.
5.
In the case of an instrument of proxy granted in favour of two grantees in the alternative, not more than one form shall be executed.
6.
The shareholder who has executed an instrument of proxy shall not be entitled to vote in person at the Annual General Meeting.
7.
No person shall be appointed as duly authorised representative or a proxy who is an officer or employee of the Bank.
198
"
/ BANK OF INDIA
BANK OF INDIA
: , -5, "" , - , (), - 400 051.
Head Office: Star House, C-5, 'G' Block, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051.
---
: 14 , 2011, : : 3.30
, 1, , , ,
( ) - 400 020.
ATTENDANCE SLIP-CUM-ENTRY PASS FOR
ANNUAL GENERAL MEETING
Date: 14th July, 2011, Time 3.30 p.m.
Sir Sitaram and Lady Shantabai Patkar Convocation Hall, 1 Nathibai Thackersey Road, Queens Road, Fort,
(Near Church Gate Railway Station), Mumbai - 400 020
( )
ATTENDANCE SLIP
./ .
//
"
./ .
Folio No. / Client ID
ENTRY PASS
Sr. No.
"
No. of Shares
"
// ---
- / / ,
/
Shareholders/proxy holders / representatives are requested to produce this Attendance slip-cum-Entry pass duly signed, for
admission to the meeting hall. The Entry pass portion will be handed back to the shareholders/proxy holders/representatives,
who should retain it till the conclusion of the meeting. The admission may, however, be subject to further verification/checks,
as may be deemed necessary. Under no circumstances, will any duplicate Attendance slip-cum-Entry pass be issued at the
entrance to the meeting hall.
: /
199
/ BANK OF INDIA
Head Office: Star House, C-5, 'G' Block, Bandra - Kurla Complex, Bandra (East) Mumbai - 400 051.
Our Vision
``,
,
,
''
"To
Our Mission
``
``
"To
,
, , ,
,
become
the
bank
choice
for
provide
superior,
proactive
banking
PROACTIVE,
INNOVATIVE
200
of