Bank of baroda

Agriculture and Priority Segments
In the agriculture and priority segments, our principal competitors are the large public sector banks and RRBs. This is due
to the extensive physical presence of public sector banks and RRBs, throughout India via their large branch networks
and the focus on agriculture and priority sectors that has traditionally existed among public sector banks.

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Treasury
In our treasury services for corporate and business clients, we compete principally with foreign banks in foreign exchange
and derivatives trading, as well as other public sector and private banks in the foreign exchange and- money markets
business.
Properties
Our head office is located at Baroda House, P.B. No 506, Mandavi Baroda-396006. We own the land on which our head
office is built. Our corporate office is located at Plot No. - C-26, G-block, Bandra - Kurla Complex, Bandra (East) Mumbai-
400051. The land on which our corporate office is built is subject to a long-term lease.
We conduct our business through a total network of 2,678 domestic branches, 19 service branches and 84 extension
counters as of November 30, 2005. 2,665 of our branches are located in leased premises. We own 39 residential
properties, 78 commercial properties and 18 vacant sites.

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BANK OF BARODA
REGULATIONS AND POLICIES
The main legislation governing commercial banks, the Banking Regulation Act, applies to public sector banks like Bank
of Baroda only to a limited extent. Sections 34A, 36AD and Section 51 of the Banking Regulation Act are applicable to
corresponding new banks constituted under the Bank Acquisition Act. In turn, Section 51 of the Bank Regulation Act
makes some of its sections applicable to corresponding new banks.
The Bank, as a corresponding new bank, is governed primarily by the provisions of the Bank Acquisition Act. The Bank
Scheme and the Bank Regulations govern our operations.
Other important laws include the Reserve Bank of India Act, 1934. Additionally, the RBI, from time to time, issues
guidelines, regulations, policies, notifications, press releases, circulars, etc. to be followed by us and supervises our
compliance with these guidelines.
Like all corresponding new banks, we are regulated and supervised by the RBI. The RBI requires us to furnish statements,
information and certain details relating to our business. It has issued guidelines on several matters including recognition
of income, classification of assets, valuation of investments, maintenance of capital adequacy and provisioning for impaired
assets. The RBI has set up a Board for Financial Supervision (“BFS”), under the chairmanship of the Governor of the RBI.
The primary objective of the BFS is to undertake consolidated supervision of the financial sector comprising commercial
banks, financial institutions and non-banking finance companies. The appointment of the auditors of banks is subject to
the approval of the RBI.
The Companies Act does not apply to us and therefore there are important differences in the rights that are available to
a shareholder under the Companies Act and the rights available to a shareholder of a corresponding new bank. The
table provided below summarises these differences.