Bank of baroda

RISK FACTORS
An investment in the Equity Shares involves a degree of risk. You should carefully consider all the information in this
Red Herring Prospectus, including the risks and uncertainties described below, before making an investment in our
Equity Shares. To obtain a complete understanding of our Bank, you should read this section in conjunction with the
sections entitled “Business” beginning on page 46 of this Red Herring Prospectus and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations on an Unconsolidated Basis” beginning on page 259 of this
Red Herring Prospectus and “Management’s Discussion and Analysis of Financial Condition and Results of Opera-
tions on a Consolidated (Unrestated) Basis” beginning on page 279 of this Red Herring Prospectus as well as the other
financial and statistical information contained in this Red Herring Prospectus. If the following risks occur, our business,
results of operations and financial condition could suffer, and the price of our Equity Shares and the value of your
investment in our Equity Shares could decline.
All of the financial data presented in this section is based on our Bank’s standalone restated financial statements
included in this Red Herring Prospectus or on the data reported to RBI on the dates indicated, unless otherwise noted.
Internal Risk Factors and Risks Relating to our Business
Criminal Cases and violation of Securities Law
There are 15 criminal cases and three security related cases that have been filed against the Bank and/or its officers.
For futher details please see the sections “Criminal Cases - Cases against the Bank – Outstanding Litigation and
Material Developments” and “Securities Related Offences - Cases against the Bank – Outstanding Litigation and
Material Developments” on pages 298 and 301 of the Red Herring Prospectus respectively.