Bank of baroda

Indo- Zambia Bank Limited
1.
Contingent Liabilities not provided for as of November 30, 2005:
Letters of Credit – Rs. 268.38 million; and
Guarantees and Performance Bonds – Rs. 458.13 million
2.
Litigation against the Indo-Zambia Bank Limited as of November 30, 2005: Nil.
Raebareli Kshetriya Gramin Bank
1.
Contingent Liabilities not provided for as of March 31, 2005: NIL.
However, as per a circular issued by the Bank numbered No. BCC/PS/RRB/97/O-21/378 dated March 31, 2005,
accrued liability for gratuity and leave encashment of Rs. 23.15 million has to be provided for the next three years.
As against this, provision of Rs. 4.50 million has been made during the year 2004-05.
2.
Litigation against Raebareli Kshetriya Gramin Bank as of November 30, 2005
Consumer Cases
148 cases involving an amount of Rs. 1.40 million (approximately) are pending in various courts/consumer forum. These
cases are filed against insurance companies in which the bank has been made as proforma party and hence no liability
is expected to arise to the bank.
Civil Cases
Seven civil suits for recovery of advances have been filed by the bank involving an amount of Rs. 0.60 million. However,
appropriate provision as per requirement under IRAC Norms has already been made by the bank.

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Labour Cases
There are 15 writ petitions that have been filed against the bank before the Lucknow Bench of the Allahabad High Court
and one writ petition filed against the bank before the Supreme Court of India by its employees/ex-employees or their
dependants thereof/ employee associations in relation to various matters including termination of employment, demanding
promotion, compassionate appointment, withdrawal of reservations, etc. 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.