Bank of baroda

Valsad Dangs Gramin Bank
1.
Contingent Liabilities not provided for as of March 31, 2005:
Guarantees given on behalf of constituents - Rs. 439,289
2.
Litigation against Valsad Dangs Gramin Bank as of November 30, 2005:
Labour Cases
1.
The Valsad Dangs Gramin Bank (VDGB) Employees’ association filed a case against the bank before the Industrial
Tribunal, Ahmedabad in relation to payment of difference of special pay and computer increment as applicable to
Bank of Baroda employees with retrospective effect.
Surat Bharuch Gramin Bank
1.
Contingent Liabilities not provided for as of March 31, 2005: NIL
2.
Litigation against Surat Bharuch Gramin Bank as of November 30, 2005:
Labour Cases
There are three cases that have been filed against the bank by its employees in relation to termination, remuneration and
promotions before the Gujarat High Court. 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.
Tax Cases
1.
The bank has appealed against the assessment order for the AY 1998-99 under which a tax of Rs. 4,700,197 was
levied on the bank and against the assessment order for the AY 2002-03 under which the tax liability of the bank
was determined at Rs. 441,000 and has filed appeals before Commissioner of Income Tax, Appeals, Baroda
against the said assessment orders, which appeals were dismissed. Appeals have been filed against the said order
before the ITAT, Ahmedabad.
2.
For the A.Y. 1992-93, the income tax department has levied tax of Rs.414,602 and has disallowed the losses from
the last year as well as the expenses of bonus, gratuity, unpaid provident fund and salary to be paid to staff to be
carried forward. The bank has paid an amount of Rs. 327,200 to the income tax department after the consultation
with its tax consultant and has filed an appeal before the appellate authority, which matter is pending.