A ASSIGNMENT ON

BANK OF BARODA
KHANDELA (SIKAR)

SUBMITTED BY: -KAMINI SHARMA Ravinder Singh Baliram Yadav PGDM 4th Trimester

SUBMITTED TO: Miss.KavitaShekhawat

SOBHASARIA GROUP OF INSTITUTES, SIKAR

Type Traded as

Public BSE: 532134 Banking Industry Financial services Investment services Founded 1908 Bank of Baroda, Suraj Plaza-1, Sayaji Ganj, Headquarters Baroda India M D Mallya (Chairman & MD) Finance and insurance Consumer banking Corporate banking Investment banking Investment management Private banking Private equity Mortgages Credit cards 24,695.10 crores (US$5.51 billion) (2011) [1] 358,397 crores (US$79.92 billion) (2011) [2]

Key people

Products

Revenue Total assets

About bank of Baroda - Bank of Baroda (BoB) (BSE: 532134) (Hindi: )

is the third largest bank in India, after the State Bank of India and the Punjab National Bank and ahead of ICICI Bank.[3] BoB is ranked 763 in Forbes Global 2000 list. BoB has total assets in 2

excess of Rs. 3.58 lakh crores, or Rs. 3,583 billion, a network of over 3,409 branches and offices, and about 1,657 ATMs. It plans to open 400 new branches in the coming year. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Its total business was Rs. 5,452 billion as of June 30.[4] As of August 2010, the bank has 78 branches abroad and by the end of FY11 this number should climb to 90. In 2010, BOB opened a branch in Auckland, New Zealand, and its tenth branch in the United Kingdom. The bank also plans to open five branches in Africa. Besides branches, BoB plans to open three outlets in the Persian Gulf region that will consist of ATMs with a couple of people. The Maharajah of Baroda, Sir Sayajirao Gaekwad III, founded the bank on 20 July 1908 in the princely state of Baroda, in Gujarat. The bank, along with 13 other major commercial banks of India, was nationalized on 19 July 1969, by the government of India. Bank of Baroda was originally incorporated on July 20, 1908 under the Baroda Companies Act, 1897 as Bank of Baroda Limited with its Head Office at Vadodara.

Constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 on July 19, 1969) Head Office: Baroda House, Mandvi, Vadodara 390 006, Gujarat, India Tel: (91 265) 251 8715, 236 3001, 236 2225, Fax: (91 265) 236 2914 Corporate Office: Baroda Corporate Centre, C-26, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051, Maharashtra Tel: (91 22) 5698 5000-04, 2652 2112; Fax: (91 22) 2652 3510, 2652 1955 Contact Person: M.T. Udeshi;

Term Description

DEFINITIONS AND ABBREVIATIONS

The Bank or our Bank 3

or Bank of Baroda or we or our or us Unless the context otherwise requires, refers to Bank of Baroda, a corresponding new bank constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head Office at Baroda House, Mandvi, Vadodara 390 006, Gujarat, India Our Logo Our new logo is a unique representation of a universal symbol. It comprises dual B letterforms that hold the rays of the rising sun. We call this the Baroda Sun. The sun is an excellent representation of what our bank stands for. It is the single most powerful source of light and energy its far reaching rays dispel darkness to illuminate everything they touch. At Bank of Baroda, we seek to be the source that will help all our stakeholders realise their goals. To our customers, we seek to be a one-stop, reliable partner who will help them address different financial needs. To our employees, we offer rewarding careers and to our investors and business partners, maximum return on their investment.

. International presence Bank of Baroda Building in Dubai In its international expansion, the Bank of Baroda followed the Indian diaspora, especially that of the Gujaratis. It has significant international presence with a network of 72 offices in 25 countries, six subsidiaries, and four representative offices. Among the Bank of Barodas 85 overseas branches are ones in the worlds major financial centers (e.g., New York, London, Dubai, Hong Kong (which it has upgraded recently), Brussels and Singapore), as well as a number in other countries. The bank is engaged in retail banking via 17 branches of subsidiaries in Botswana, Guyana, Kenya, Tanzania, and Uganda. The Bank of Baroda also has a joint-venture bank in Zambia with nine branches. The Bank of Baroda 4

maintains representative offices in Malaysia, China, Thailand, and Australia. It plans to upgrade its offices in China and Malaysia shortly to a branch and joint-venture, respectively. The Bank of Baroda has received permission or in principle approval from host country regulators to open new offices in Trinidad and Tobago and Ghana, where it seeks to establish joint ventures or subsidiaries. The bank has received Reserve Bank of India approval to open offices in The Maldives, and New Zealand. It is seeking approval for operations in Bahrain, South Africa, Kuwait, Mozambique, and Qatar and is establishing offices in Canada, New Zealand, Sri Lanka, Bahrain, Saudi Arabia, and Russia. It also has plans to extend its existing operations in the United Kingdom, the United Arab Emirates, and Botswana. The slogan of Bank of Baroda is "India's International Bank". 1908: Maharaja Sayajirao Gaekwad III set up Bank of Baroda (BOB)ps\pareek. 1910: BoB established its first branch in Ahmedabad. 1953: BoB established a branch in Mombasa and another in Kampala. 1954: BoB opened a branch in Nairobi. 1956: BoB opened a branch in Dar-es-Salaam. 1957: BoB established a branch in London.

1959: BoB acquired Hind Bank 2006: BoB established an Offshrore Banking Unit (OBU) in Singapore. 2007: In its centenary year, BoBs total business crossed 2.09 lakh crores, its branches crossed 1000, and its global customer base 29 million people. 2008: BoB opened a branch in Guangzhou, China (02/08/2008) and in Kenton, Harrow United Kingdom. 2008: BoB opened a joint venture life insurance company with Andhra Bank and Legal and General (UK) called IndiaFirst Life Insurance Company 2009: The Bank of Baroda registered with the Reserve Bank of New Zealand, enabling it to trade as a bank in New Zealand (2009/09/01) 2010s 2010: Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. The new 5

bank, India BIA Bank (Malaysia), will reside in Kuala Lumpur, which has a large population of Indians. Andhra Bank will hold a 25% stake in the joint-venture, BoB will own 40% and IOB the remaining 35%.

Subsidiaries
BOB Capital Markets Ltd. (BOBCAPS) is a SEBI-registered investment banking company based in Mumbai, Maharashtra. [6] It is a wholly owned subsidiary of Bank of Baroda.[7] Its financial services portfolio includes Initial Public Offerings, private placement of debts, corporate restructuring, Business valuation, mergers & acquisition, project appraisal and loan syndication.

Bank of Baroda financials 2011

Sales Rs. 24,695 crores Profits Rs. 4,241 crores

Assets Rs. 3, 58,397 crores

Name of Retail Asset Product

1. Baroda Home Loan Baroda Home Loan to NRI/PIO Baroda Home Improvement Loan Baroda Golden Jubilee Rural HL Baroda Additional Assured Advance to Residents /NRIs /PIOs Interest Subsidy Scheme for Housing the Urban Poor 2. Baroda Education Loan Baroda Vidya, Baroda Gyan, Baroda Scholar and Baroda Career Development Loan Education Loan Interest Subsidy Scheme 3. Baroda Auto Loan Baroda Car Loan Baroda Car Loan to HNIs/ Corporate Baroda Loan for Two Wheelers 4.Baroda Traders Loan & Baroda Traders Loan Against the 6

Security of Gold Ornaments /Jewelry 5. Baroda Personal Loan & Baroda Loan to Pensioners Baroda Loan to Defense Pensioners Baroda Loan for Earnest Money Deposit Scheme Baroda Loan for Consumer and Durables Baroda Loan for Laptop & Computers 6. Baroda Ashray (Reverse Mortgage Loan) 7. Baroda Loan to Doctors 8. Baroda Loan/Advance Against Securities 9. Baroda Mortgage Loan & Baroda Advance Against Property Baroda Loan to Professionals 10. Baroda Advance Against Gold Ornaments /Jewelry

Retail Banking
Retail banking refers to the dealing of banks with individual customers, both on liabilities and assets sides of the balance sheet. Fixed, current / savings accounts on the liabilities side; and mortgages, loans (e.g. personal, housing, auto, and educational) on the assets side, are the more important of the products offered by banks. Globally, Retail Banking sector is characterized by three basic characteristics: Multiple products (deposits, credit cards, insurance, investments and securities); Multiple channels of distribution (call centre, branch, Internet and kiosk); and Multiple customer groups (consumer, small business, and corporate). However , in our bank Current Account Credit cards, Investment and Securities as well as multiple channel of distributions and Corporate clients have been kept out of purview of Retail Banking In our Bank, Retail Banking has been divided into two parts: A. Retail Asset Products B. Retail Liabilities

Home Loan Products Baroda Home Loan

Home Loan is available for: Purchase of new / old dwelling unit. Construction of house. Purchase of plot of land for construction of a house. 7

Repaying a loan already taken from other Housing Finance Company / Bank. Loan available up to Rs.100 lac Margin as low as 15% of the cost including Registration Charges.

Repayment period up to 25 years (floating rate option). Free Property and Personal Accident Insurance (available for stipulated tenure of loan). Advance up to 90% of the principal amount of home loan repaid for any requirement ('AAA'). As per current IT provisions - Interest on loan upto Rs. 1.5 Lakhs per annum is exempt from income tax (Under section 23/24(I) of the Income Tax Act). Eligibility as per Income Criteria: Monthly Income Modified Criteria Up to Rs. 20,000/- 36 times of monthly income More than 48 times of monthly Rs.20,000/- & up to income Rs. 1 lac More than Rs. 1 lac 54 times of monthly income Margin: Monthly Income Up to Rs.20000/Above Rs.20000/-

Purpose Purchase of plot House/flat already constructed from own resources All other cases Purchase of plot House/flat already constructed from own resources All other cases

Margin 20% 25% 20% 20% 20% 15%

Interest rates (Intt. Rates are linked with Base Rate Present Base Rate effective from 05.10.2010 8.50%) Tenure Up to 5 years Loan amt. up to Rs. 30/lacs Base Rate + Loan amt. more than Rs. 30/- lacs Base Rate + 8

>5 years to up to 15 years >15 years to up to 25 years

0.50 i.e. 9% Base Rate + 0.75 i.e. 9.25% Base Rate + 1.00 i.e. 9.50%

1.25 i.e. 9.75% Base Rate + 1.50 i.e. 10% Base Rate + 1.75 i.e. 10.25%

As security against the loan amount, the bank will take an equitable mortgage of the housing property and/or other suitable securities. No Fees will be charged on part prepayment / full prepayment of the loan amount from own sources. The loan can be repaid in a maximum period of 25 years or up to age of retirement in case of salaried persons and 65 years in case of others whichever is earlier. In case of full prepayment or foreclosure (other than from own sources) fees will be charged at 0.5% for each year of the residual period subject to maximum of 2%.

Baroda Home Improvement Loan

Bank provides a unique loan product. A loan for Repairs / Renovations / Improvement / Extension of Home and for Furniture, Fittings & Fixtures. Product Features Loan available for repairs, renovation improvement & extension of the existing house Loan available for purchase of furniture / fixtures / furnishing / other gadgets such as fans, geysers, air conditioners etc. required, to: Maximum Loan Limit Rs.10 Lac Maximum Repayment Period 10 Years Margin 25% of the Project cost Our existing housing loan borrowers New borrowers

Baroda Home Loans NRIs / PIOs

Bank provides Home Loans to NRIs / PIOs, housing loan facility designed specially for Non Resident Indians (NRI) and Person of Indian Origin (PIO). Product Features A loan product tailor-made for NRI / PIO needs Opt for Flexi Rate plan to hedge the interest rate risk by breaking the loan into two separate accounts Free property insurance and personal accident insurance

No pre payment / foreclosure charges for part as well as full prepayment (when repaid from own sources. For purchase of plot: 20%

Terms & Conditions

Eligibility: Non-Resident Indians holding Indian passport or Persons of Indian origin holding foreign
passport, singly or jointly. For this purpose Person of Indian Origin means a citizen of any country other than Bangladesh / Pakistan / Sri Lanka / Afganistan / China / Iran / Nepal & Bhutan if a. he at any time held Indian passport or

b. he or either of his parents or any of his grand parents was a citizen of India by virtue of
the Citizenship Act 1955, or c. the person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b) above. Must be employed/self-employed or having a business unit and staying abroad at least for 2 years. Must have minimum gross annual income equivalent to Rs. Five lacs per annum. salaried persons- 48 times of monthly income (average of last 2 years income including incentive, commission, bonus For others - 4 times of average (last 2 years) annual income.

Age:

Minimum age must be 21 years. Age of the borrower plus repayment period should not be beyond retirement age or 65 years whichever is earlier.

Margin:

For purchase of new/ old dwelling unit or Construction of the unit : 15%

For repairs / renovations / extension in existing home: 20% of the project cost.

Security: to be

Equitable or legal mortgage of the property constructed / purchased or renovated / repaired etc.

Personal guarantee of spouse / family member, residing in India. In case the spouse is

also residing abroad, personal guarantee of one / two persons resident in India shall be obtained.

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Repayment Period:

Maximum 15 years including moratorium. Payment to be remitted from abroad through normal banking channels or out of funds in NRE/ NRO accounts. Post-dated cheques drawn on NRE/ NRO account of the borrower are to be obtained.

Close relatives of the borrower in India may also repay the installments of such loans,
interest and other charges, if any, through their bank account directly to the said loan account.

Part Prepayment / Premature Closure Charges

No pre-payment / fore-closure charges if the amount is partly or fully repaid from own sources by the borrower/s. In case of take over of the account by other Bank / HFCs. - The charges @ 0.5% of balance outstanding for each year of the residual period of housing loan subject to maximum of 2.00%

Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)

Product Features

1. Purpose The scheme is applicable for urban poors only EWS/LIG persons. 2. Eligibility EWS - households having an average monthly income up to Rs. 5000.
LIG - households having an average monthly income between Rs.5001 up to Rs10000. For salaried persons: 36 times of salary For others Max. 3 times of average annual income (for last 3 years)

3. Loan amount admissible For EWS - Max. amount Rs. 1 lac for 20 years, for a house at least of 25 sq.mts. For LIG - Rs. 1,60,000, for a house at least of 40 sq.mts. However, subsidy eligibility will be on Rs. 1 lac only No loan for purchase of plot. Margin min. 20% Rate of interest: as applicable Repayment: Maximum 20 years including moratorium period. Security: Mortgage of house (no collateral / third party guarantee for loans upto Rs. 1 lac excluding group guarantee. No Unified Processing charges

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Free Home Loan Suraksha Bima of NICL Subsidy Reimbursement: 5% interest subsidy (Net Present Value) for a maximum of principal amount of Rs. 1.00 lac is available under the scheme.

Baroda Current Account Features Ideal for Businessmen and Traders No limit to number of transactions Absolute liquidity Club, Societies, Banks and Associations Minimum Balance Personal A/c Others Rural 1000/- 1000/Semi Urban 1000/- 1000/Urban 2000/- 3000/Metro 3000/- 5000/Service Charges Not Maintaining Minimum Balance In Rural Rs. 30/- + Service Tax. In Other Centers Rs. 60/- + Service Tax Closure of Account within One Year Individual Rs. 150/- + Service Tax Non-Individual Rs. 500/- + Service Tax Baroda Advantage Current Account (CBS Branches) Features Business Banking Made Easy Roaming Account Facility Deposit / Withdrawal of Cash / Cheque Transfer of Funds Obtaining DD / Bankers Cheque Account Inquiries No Limit to Number of Transactions Multi-city Cheque Facility Free Internet Banking Absolute Liquidity Bank Statement by Email Free Online Payment of Excise Duty / Service Tax Balance Quarterly Average Balance Rs. 10000/Baroda Savings Bank Account Features Ideal for Individuals Simplest Deposit Option No Hidden Costs Provision for Nomination Baroda Salary Advantage Savings Account

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Features Special salary account with added benefits. Built in feature of overdraft facility upto Rs. 100000/ Interest earned on credit balance as per saving bank a/c rules Free cheque book for routine requirement No minimum balance requirement No ceiling on the amount to be deposited and credit balance in the account Available at CBS and BIBAS branches

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