Bank of baroda

BANK OF BARODA
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Indo Zambia Bank Limited
Indo Zambia Bank Limited was incorporated on October 19, 1984. It carries out banking activities.
The shareholding pattern of the said company as of March 31, 2005 is as under:
Shareholder
Shareholding (in Percentage)
Bank of Baroda
20
Bank of India
20
Central Bank of India
20
The Government of the Republic of Zambia (GRZ)
40
The board of the company comprises S. P. Agarwal (Managing Director) and B. P. Chakrabarty.
The audited financial position of the company for the last three financial years is as under:
(Rs. in million)
Particulars
Year ended
Year ended
Year ended
March 31,
March 31,
March 31,
2003
2004
2005
Equity Share Capital
33.29
46.00
46.54
Reserves & Surplus
504.79
632.04
715.09
Total Income
620.05
665.55
572.62 
Profit after tax
215.61
193.71
89.62
Book value per share (Rs.)*
160.23
135.61
152.32
Earnings per share (Rs.)*
63.89
38.74
17.92
UTI Asset Management Company Private Limited
UTI Asset Management Company Private Limited was incorporated on November 14, 2002. The company is registered
with the SEBI as an asset management company and manages the schemes of the UTI Mutual Fund.
The shareholding of the company as of March 31, 2005 is:
Shareholder
Shareholding (in Percentage)
State Bank of India (through itself or nominees)
25
Bank of Baroda (through itself or nominees)
25
Life Insurance Corporation of India (through itself or nominees)
25
Punjab National Bank (through itself or nominees)
25
The aforementioned shares of UTI Asset Management Company held by the Bank were not fully paid up and the GoI has
recently directed the aforementioned shareholders of UTI Asset Management Company to make payment towards the
acquisition of the same.
The directors of the company are R. H. Patil, S.H. Bhojani, J.S. Mathur, U.K. Sinha, and Dr. Vinayshil Gautam.

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The audited financial position of the company for the last three financial years is as under:
(Rs. in million)