Bank of baroda

Name of the subsidiary
Percentage of holding as on March 31
2001
2002
2003
2004
2005
The Nainital Bank Ltd.
94.59
94.59
97.72
97.72
97.72
BOB Housing Finance Limited
67.11
67.11
67.11
67.11
67.11
BOB Asset Management Co. Ltd.
100.00
100.00
100.00
100.00
100.00
BOB Capital Markets Ltd.
100.00
100.00
100.00
100.00
100.00
BOB Cards Ltd.
100.00
100.00
100.00
100.00
100.00
Bank of Baroda (Botswana) Ltd.
100.00
100.00
100.00
100.00
100.00
Bank of Baroda (Kenya) Ltd.
86.70
86.70
86.70
86.70
86.70
Bank of Baroda (Uganda) Ltd.
80.00
80.00
80.00
80.00
80.00
Bank of Baroda (Hong Kong) Ltd.
100.00
100.00
100.00
100.00
100.00
Bank of Baroda (Guyana) Ltd.
100.00
100.00
100.00
100.00
100.00
Bank of Baroda (Tanzania) Ltd.
—-
—-
—-
100.00
100.00
BOB (UK) Ltd.
100.00
100.00
100.00
100.00
100.00
11.
(a)
Annexures C, D, E, F & G are as per report of the respective auditors detailed as under:
Annexure
Number
Name of the subsidiary
Name of Auditor
Report Dated
Annexure C
The Nainital Bank Ltd.
P Jain & Co.
21.11.05
Annexure D
BOB Housing Finance Limited
Bhandawat & Co.
21.11.05
Annexure E
BOB Asset Management Co. Ltd.
Babu U. Chokshi & Co.
19.11.05
Annexure F
BOB Capital Markets Ltd.
Gokhale & Sathe
28.11.05
Annexure G
BOB Cards Ltd.
V Parshuram & Co.
19.11.05
(b)
The summary of financial statements of following Subsidiaries as per Annexure H is prepared based on the
financial statements audited by their respective auditor’s as mentioned below:
Name of the subsidiary
Period
Name of Auditor
Bank of Baroda (Botswana) Ltd.
2000-01 to 2004-05 & September
Grant Thornton Acumen
2005 (Review)
Bank of Baroda (Kenya) Ltd.
2000-03
Khanubhai & Co.
2004 and September -05 (Review)
Grant Thornton
Bank of Baroda (Uganda) Ltd.
2000-2004 and September 2005
KPMG
(Review)
Bank of Baroda (Hongkong) Ltd.
2000-01 to 2003-04
Deloitte Touche Thmoastu
2004-05 & September 2005 (Review)
Charles H.C. Cheung &
CPA Ltd.
Bank of Baroda (Guyana) Ltd.
2000-01 to 2002-03
Jack. A. Ali Sons & Co.
2003-04, 2004-05 & September
Deloitte & Touche
’2005 (Review)
Bank of Baroda (Tanzania) Ltd.
2004 & September’2005 (Review)
D.G. Patel & Co.
BOB (UK) Ltd.
2000-2001 and 2001-02
Authur Anderson
2002-03 to 2004-05
Deloitte & Touche
September 2005 (Review)
King & King
We have not carried out any audit for any of the subsidiaries. 
Annexures C to H
is as per the audited / reviewed
financial statements of the twelve subsidiaries referred to therein and furnished to us by the bank. These have not

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BANK OF BARODA
been audited, reviewed or subject to adjustments by us. The profits, losses, assets and liabilities as per 
Annexures
C to H
relate entirely to the individual Subsidiaries.
12.
We set out in Annexure I a summary of the consolidated assets, liabilities, income and expenditure, cash flow
statement, significant accounting policies and material notes on accounts of the Bank (as a group) for the years
2002-03, 2003-04, and 2004-2005, which is based on audited accounts for those years. The consolidated financial
statements were audited and reported upon by the respective auditors as given below: