Bank of baroda

Particulars
Year ended
Year ended
Year ended
March 31,
March 31,
March 31,
2003
2004
2005
Capital
10.00
10.00
10.00
Share Capital Deposit Account
29.65
29.65
29.65
Reserves & Surplus
165.15
206.31
246.93
Deposits
1,449.04
1,666.38
2,015.38
Advances
422.94
443.46
580.11
Total Income
162.72
158.81
167.66
Total Expenditures
118.72
117.60
127.04
Profit After Tax (PAT)
44.00
41.22
40.62
Net Asset Value/ Book value per share (Rs.)
2,048.00
2,459.60
2,865.80
Earning per Share (Rs.)
440.00
412.16
406.21
The audited financial position of Surat Bharuch Gramin Bank for the last three financial years is as under:
(Rs. in million)
Particulars
Year ended
Year ended
Year ended
March 31,
March 31,
March 31,
2003
2003
2005
Capital
10.00
10.00
10.00
Share Capital Deposit Account
46.89
46.89
46.89
Reserves & Surplus
1.36
5.31
18.86
Deposits
1,353.00
1,484.69
1,582.86
Advances
588.12
574.83
643.76
Total Income
140.45
133.92
127.09
Total Expenditure
135.34
129.97
113.55
Profit After Tax (PAT)
5.12
3.95
13.54
Net Asset Value/ Book value per share (Rs.)
582.50
622.00
757.50
Earning per Share (Rs.)
51.20
39.50
135.40

---

154
BANK OF BARODA
Jhabua Dhar Kshetriya Gramin Bank
Jhabua Dhar Kshetriya Gramin Bank was established on June 20, 1980 with its head office at Jhabua, Madhya Pradesh.
The operational area of Jhabua Dhar Kshetriya Gramin Bank comprises the districts of Jhabua and Dhar in Madhya
Pradesh and it has 84 branches.
The Board of Directors of Jhabua Dhar Kshetriya Gramin Bank as of March 31, 2005 is as follows:
Name
Designation
Y. A. Vahora
Chairman
M. J. Modh
Director
V. D. Kulkarni
Director
T. C. Chodhari
Director
G. N. Pooranshettiwar
Director
P. Dhiman
Director
E. Ramesh Kumar
Director
Rajendra Garg
Director
Moolchand Bamniya
Director
The audited financial position of Jhabua Dhar Kshetriya Gramin Bank for the last three financial years is as under:
(Rs. in million)
Particulars
Year ended
Year ended
Year ended
March 31,
March 31,
March 31,
2003
2004
2005
Capital
10.00
10.00
10.00
Share Capital Deposit Account
52.84
52.84
62.16
Reserves & Surplus
0.00
0.00
0.00
Deposits
1,978.79
2,350.04
2,809.36
Advances
869.84
945.90
1,191.71
Accumulated Losses
362.51
434.00
432.03
Total Income
203.54
192.03
226.64
Total Expenditure
224.39
263.52
224.68
Profit After Tax (PAT) (Loss)
(20.85)
(71.49)
1.96
Net Asset Value/ Book value per share (Rs.)
-ve
-ve
-ve
Earning per Share (Rs.)
-ve
-ve
19.64

---

155
RELATED PARTY TRANSACTIONS
We have entered into related business transactions with key managerial personnel as identified in the audited accounts.
As per the RBI circular no. DBOD.No.BP. BC. 89 /21.04.018/2002-03 dated March 29, 2003 on Guidelines on the
Compliance of Accounting Standard by Banks, all nationalized banks are exempt from disclosing their transactions with
their Subsidiaries as well as the RRBs sponsored by them.
Transactions with wholetime directors who have been termed key managerial personnel for the purposes of the audited
accounts of the Bank for the period ended September 30, 2005 are as follows:
Key Managerial Personnel
Designation
Salary and emoluments
(Rs. in million)
Dr. Anil K. Khandelwal
Chairman and Managing Director
0. 299
K. Ramakrishnan*
Executive Director
0.103
A.C. Mahajan**
Executive Director
0. 172
*Up to June 8, 2005
** From June 18, 2005

---

156
BANK OF BARODA
DIVIDEND POLICY
The declaration and payment of dividends will be recommended by our Board of Directors and approved by our
shareholders, at their discretion, and will depend on a number of factors, including but not limited to our profits, capital
requirements and overall financial condition, and shall be subject to the guidelines issued by RBI. The Board may also
from time to time pay interim dividend. For further details on restrictions on dividend declaration, see the section titled
“Regulations and Policies – Restrictions on Payment of Dividends” on page 110 of this Red Herring Prospectus.
(Rs. in million)
FY 2005
FY 2004
FY 2003
FY 2002
FY 2001
Face value of Equity Share (per share) (in Rupees)
10
10
10
10
10
Interim Dividend on Equity Shares
527.88
879.79
592.00
NIL
NIL
Final Dividend on Equity Shares
938.45
1,026.42
1,184.00
1,184.00
1,184.00
Total Dividend on Equity Shares
1,466.33
1,906.21
1,776.00
1,184.00
1,184.00
Dividend rate (%)
50
65
60
40
40
Dividend tax
203.23
244.22
151.70
NIL
120.77
The amounts of dividends in the past are not necessarily indicative of our dividend amounts, if any, or our dividend
policy, in the future.

---

157