Bank of baroda

(Rs. in million)
Particulars
September 30, 2005
Demand Deposits from banks
4,754.57
Demand Deposits from Others
75,940.34
Savings Bank deposits
249,478.85
Term Deposits from banks
40,302.47
Term Deposits from Others
491,240.91
Sub Ordinated Debts including Subordinated Bonds Tier II Series –II to V
22,700.00
Borrowing from other Bank
92.29
Borrowing outside India
14,475.44
Total
898,984.87
Borrowings in India
Borrowings within India comprise of borrowings from the RBI, borrowings from banks and other financial institutions and
agencies. These borrowings are in the ordinary course of the Bank’s business comprising of money market operations,
refinance availed, etc. Some of these borrowings are against the security of Government securities that are held by the
Bank while others are unsecured. In addition the Bank, also has certain borrowings in foreign exchange.
Borrowings in Foreign Exchange
RBI has opened avenues for authorized banks (including the Bank) to generate foreign currency resources by way of
bilateral borrowings from overseas correspondent banks for the purposes of export financing.
In order to cater to the foreign currency demand, the Bank has borrowed a transferable loan facility of U.S.$ 100,000,000
under a loan agreement dated November 12, 2004 from a consortium of overseas correspondent banks including BNP
Paribas, Bank of America, Hong Kong and Shanghai Banking Corporation and certain other financial institutions. The
said loan is repayable within a period of three years.
Additionally, under a separate syndicated facility agreement dated May 12, 2005, the Bank has also borrowed US$
150,000,000 from a consortium of overseas banks including Bank of Tokyo-Mitsubishi, Standard Chartered Bank, Erste
Bank Der Oesterreichischen Sparrkassen AG and Lloyds TSB Bank PLC.
The said loan is repayable within 364 days.
The loan agreements for both the aforementioned borrowings stipulate that:
1.
The Bank and its Subsidiaries would not purchase or redeem any of its issued shares or reduce its share capital
or make a distribution of assets or other capital distribution to its shareholders.
2.
The Bank and its Subsidiaries would be restricted from declaring or paying any dividend or making any other
income distribution to its shareholders or repaying any shareholders’ loan in an amount which exceeds its net profit
available for distribution in the relevant financial period.
3.
The Bank and its Subsidiaries are restricted from issuing or agreeing to issue any further shares or granting options
or warrants to subscribe for any further shares in their capital to any person other than an existing shareholder of
the borrower/ Subsidiary if the majority of the lenders believe that the same could have a material adverse effect on
the Bank’s/ Subsidiary’s business, financial operations, performance or would affect its ability to perform its obligations.

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