Bank of baroda

Sultanpur Kshetriya Gramin Bank
1.
Contingent Liabilities not provided for as of March 31, 2005: NIL.
2.
Litigation against Sultanpur Kshetriya Gramin Bank as of November 30, 2005
Tax Cases
For the assessment year 2002-03, the assessing officer fixed an income tax liability of Rs.162.60 million against which
the bank appealed before the Income Tax Commissioner, Allahabad. The same is pending and no final orders have been
passed yet.
Labour Cases
One case each against the bank is pending before the Allahabad High Court and the Industrial Tribunal New Delhi in
relation to the deduction towards provident fund from the wages of part time employees working for less than six hours
in a week. A liability of approximately Rs.2,272,594 may arise if the cases are decided against the bank.
Allahabad Kshetriya Gramin Bank
1.
Contingent Liabilities not provided for as of March 31, 2005:
claims against the bank not acknowledged as debt - Rs. 974,000; and
In respect of suspected frauds - Rs. 25,000.
2.
Litigation as of November 30, 2005
Labour cases
There are currently 54 labour cases at various stages pending against the bank of which 52 are pending before the
Allahabad High Court, one before the Central Government Industrial Tribunal (CGIT) and one before the Assistant Labour
Commissioner. These cases are at various stages of hearing and the exact amount of financial liability to the bank on
account of the same cannot be accurately determined.
Miscellaneous
There are currently 249cases that have been filed against the bank by various parties including borrowers, depositors
and other sundry parties. The amount involved is Rs. 974,000.
Kanpur Kshetriya Gramin Bank
1.
Contingent Liabilities not provided for as of March 31, 2005:
Claim against the bank by the employees of the bank - Rs. 404,000;
Claim against the bank in consumer forum - Rs. 74,000;
Claim against the bank in civil suit but not acknowledged as debt - Rs. 12,000; and
Bank guarantees on behalf of constituents – Rs. 201,000.
2.
Litigation against Kanpur Kshetriya Gramin Bank as of November 30, 2005:
Labour Cases:
1.
A petition was filed against the bank before the Allahabad High Court by an employee for payment of salary of Rs.
0.37 million deducted for the period of his absence from duty. Though the petition is still pending, the petitioner is
attending work and salary is being paid to him.

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BANK OF BARODA
2.
A temporary part-time daily wager filed a case against the bank before the CGIT, Kanpur in 1994 for Rs. 0.03
million, which case was decided in his favour on May 30, 1997. The bank has appealed against the same before
the Presiding Officer and has obtained a stay on the order of the CGIT. The matter is still pending.