Bank of baroda

Total
19,451.97
12.05
10,930.05
18,724.15
9.81
10,993.60
The following table sets forth our 10 largest gross non-performing assets as of September 30, 2005. Together, these
borrowers constitute 13.34 % of our gross NPAs as of September 30, 2005.
(Rs. in million)
Gross NPA
De-recognized
Provision
Net NPA
Realizable
Industry
income
value of
collateral
Borrower 1
712.00
106.89
283.11
322.00
460.00
Readymade Garments
Borrower 2
590.72
0
514.06
76.66
150.00
Petrochemicals
Borrower 3
555.75
81.98
473.77
0
0
Allopathic Drugs &
Pharma
Borrower 4
547.32
27.51
519.81
0
191.76
Ind. Org. Chemicals
Borrower 5
419.90
61.21
35.87
322.82
249.68
Transformers
Borrower 6
352.73
0
336.61
16.12
48.10
Industrial Fastener Belts
Borrower 7
368.55
21.85
178.01
168.69
210.86
Readymade Garments
Borrower 8
266.09
30.04
236.05
0
0
Textile Spinning Wvg.
Borrower 9
253.95
0
209.84
44.11
176.46
Polyester Synthetic Fibre
Borrower 10
246.94
40.67
180.19
26.08
104.33
Fertilizer Distribution
Total
4,313.95
370.16
2,967.31
976.48
1,591.19

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259
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS ON AN UNCONSOLIDATED BASIS
You should read the following discussion and analysis of our financial condition and results of operations together with
our financial statements included in this Red Herring Prospectus, along with the section titled “Selected Financial
Information” beginning on page 6 and the section titled “Selected Statistical Information” beginning on page 238, which
presents important statistical information about our Bank’s business. You should also read the section titled “Risk Factors”
beginning on page xiii, which discusses a number of factors and contingencies that could impact our financial condition
and results of operations. The following discussion relates to the Bank on a standalone basis and is based on our
restated unconsolidated financial statements, which have been prepared in accordance with Indian GAAP and the RBI
guidelines. The following discussion is also based on internally prepared statistical information and on information publicly
available from the RBI and other sources.