Bank of baroda

BANK OF BARODA
NOTES ON THE CONSOLIDATED FINANCIAL STATEMENTS:
1.
The Consolidated Financial Statement (CFS) comprise the results of the Bank (Parent) and the following Subsidiaries:
Names of Subsidiaries
Country of
Proportion of
Incorporation
Ownership
Domestic Subsidiaries:
a)
Banking:
Nainital Bank Ltd.
India
97.72%
b)
Non Banking:
1)
BOB Housing Finance Limited.
India
67.11%
2)
BOB Asset Management Co. Ltd.
India
100.00%
3)
BOB Capital Market Ltd.
India
100.00%
4)
BOB Cards Ltd.
India
100.00%
Overseas Subsidiaries:
a)
Banking:
1)
Bank of Baroda (Botswana) Ltd.
Botswana
100.00%
2)
Bank of Baroda (Kenya) Ltd.
Kenya
86.70%
3)
Bank of Baroda (Uganda) Ltd.
Uganda
80.00%
4)
Bank of Baroda (Hongkong) Ltd.
Hongkong
100.00%
5)
Bank of Baroda (Guyana) Inc.
Guyana
100.00%
6)
Bank of Baroda (Tanzania) Ltd
Tanzania
100.00%
(From 03 – 04 onwards)
b)
Non Banking:
1) BOB (UK) Ltd.
United Kingdom
100.00%
2.
Associates:
2.1
The particulars of associates considered in the CFS are as under:
Indo Zambia Bank Limited, Zambia (parent’s ownership interest 20%); UTI Asset Management Co. Pvt. Ltd
(from 03 – 04 onwards; parent’s ownership interest 25%); and 19 Regional Rural Banks (parent’s ownership
interest 35%).
(1)
Raebareli Kshetriya Gramin Bank; (2) Sultanpur Kshetriya Gramin Bank; (3) Allahabad Kshetriya Gramin
Bank; (4) Kanpur Kshetriya Gramin Bank; (5) Pratapgarh Kshetriya Gramin Bank; (6) Fatehpur Kshetriya
Gramin Bank; (7) Faizabad Kshetriya Gramin Bank; (8) Bareilly Kshetriya Gramin Bank; (9) Shahjahanpur
Kshetriya Gramiin Bank; (10) Nainital Almora Kshetriya Gramin Bank; (11) Marudhar Kshetriya Gramin
Bank; (12) Aravali Kshetriya Gramin Bank; (13) Bundi Chittorgarh Kshetriya Gramin Bank; (14) Bhilwara
Ajmer Kshetriya Gramin Bank; (15) Dungarpur Banswara Kshetriya Gramin Bank; (16) Panchmahal
Vadodara Gramin Bank; (17) Valsad Dangs Gramin Bank; (18) Surat Bharuch Gramin Bank; (19) Jhabua
Dhar Kshetriya Gramin Bank.

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2.2