Bank of baroda

Approvals for our Business
Licences and Approvals from the GoI
Appointment of Directors
1.
Notification no. F.No.9/60/2004-B.O.I dated March 1, 2005 issued by the Department of Economic Affairs (Banking
Division), MoF, GoI appointing Dr. A.K. Khandelwal, as the Chairman and Managing Director of the Bank for a
period of three years with effect from March 1, 2005 up to March 31, 2008 or until further orders, whichever is
earlier.
2.
Notification no. F.No.9/11/2005-B.O.I dated June 18, 2005 issued by the Department of Economic Affairs (Banking
Division), MoF, GoI appointing A.C. Mahajan as a whole time Director (designated as Executive Director) of the
Bank for a period of five years from the date of his taking charge of the post or until further orders, whichever is
earlier.
3.
Notification no. F.No.9/28/2004-B.O.I dated April 28, 2005 issued by the Department of Economic Affairs (Banking
Division), MoF, GoI nominating T.K. Balasubramanian as a Director of the Bank for a period from the date of
notification and up to June 30, 2007 or until his successor has been nominated or until he ceases to be an officer
of the Bank, whichever is earlier.
4.
Notification no. F.No.9/2/2004-B.O.I dated January 9, 2004 issued by the Department of Economic Affairs (Banking
Division), MoF, GoI nominating G.K. Sharma, Chief General Manager-in-charge, Department of Administration and
Personnel Management, RBI, as a Director of the Bank, with immediate effect and until further orders.

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BANK OF BARODA
5.
Notification no. F.No.9/3/2002-B.O.I dated October 25, 2002 issued by the Department of Economic Affairs (Banking
Division), Ministry of Finance and Company Affairs, GoI nominating Vinod Rai as a Director of the Bank with
immediate effect and until further orders.
6.
Notification no. F.No.9/29/2005-BO-I dated September 15, 2005 issued by the Department of Economic Affairs
(Banking Division), Ministry of Finance and Company Affairs, GoI nominating Masarrat Shahid as a part-time non-
official director for a period of three years or until the appointment of her successor, whichever is earlier.
7.
Letter no. F.No.26/2/2000-B.O.I dated January 15, 2004 issued by the Department of Economic Affairs (Banking
Division), MoF, GoI, to the Chairman and Managing Directors/ Executive Directors of the nationalised banks stating
that the sitting fees payable to the directors nominated by MoF, GoI, shall be Rs.5,000 per meeting of the board and
Rs.2,500 per meeting of board committees.
8.
Letter no. F. No.9/60/2004-BOI dated July 18, 2005 issued by the Department of Economic Affairs (Banking Division),
MoF, GoI to the Chairman and Managing Director intimating him that his remuneration package would be the same
as the one that he was entitled to as the chairman and managing director of Dena Bank. Attached to his letter is the
letter issued by the Department of Economic Affairs (Banking Division), MoF, GoI dated February 24, 2004 specifying
his remuneration as the chairman and managing director of Dena Bank.
9.
Notification F.No.11/31/2004-BOA dated February 14, 2005, from the GoI, MoF granting an exemption to us from the
provisions of sections 13 and 15(1) of the Banking Regulations Act for a period of five years from the date of the
notification.
Taxation
1.
Permanent Account No. (PAN) AAACB1534F issued by the Department of Income Tax.
2.
Letter no. 732010865/TAN/000090179 dated June 17, 2004 from the Department of Income Tax, issuing Tax Deduction
No. (TAN) MUMB11511D to the Bank.
3.
Letter no. ST/DIV.III/STC-CODE/2004/6921 dated October 14, 2004 from the Assistant Commissioner of Service Tax,
Division-III, Mumbai allotting Service Tax Code (STC) No. AAACB1534FST378 to the Bank in relation to payment of
service tax on banking and other financial services.
Licences and Approvals from RBI
1.
Section 22 of the Banking Regulation Act, which requires a license to be obtained from RBI in order to carry out
banking business in India, applies only to banking companies, and not corresponding new banks after nationalisation
of banks. Accordingly, our Bank does not require a license in order to carry out banking activities.
2.
Letter no. DBOD.No.FSC.BC 27/24.01.018/2003-2004 dated September 22, 2003 issued by RBI to all scheduled
commercial banks (excluding RRBs and LABs) permitting them to enter into insurance referral business without
prior approval of RBI, subject to certain conditions including obtaining approval of the IRDA.
3.
Letter no. DBOD. No.IBS 1703/23.01.004/99-2000 dated January 3, 2000 granting permission to the Bank for setting
up subsidiary in Botswana.
4.
Letter no. DBOD No.IBS 1042/23.01.004/2002-03 dated December 2, 2002 granting approval to the Bank for
opening a wholly owned subsidiary in Tanzania
5.
Letter no. DBOD.IBS.No.1708/23.01.004/2004-05 dated May 31, 2005 granting approval to the Bank for establishing
fully owned subsidiaries in Canada, New Zealand, Trinidad & Tobago.
6.
Letter no. DBOD.IBS.No.1660.23.01.004/2004-05 dated May 24, 2005 extending validity of approval to the Bank for
opening a representative office at Bangkok, Thailand.
7.
Letter no. DBOD.IBS.No.989/23.01.004/2004-05 dated February 11, 2005 granting approval to the Bank for opening
a Branch at Hong Kong, China.
8.
Letter no. DBOD.IBS/290/23.01.004/2003-04 dated August 29, 2003 granting approval to the Bank for opening a
representative office at Kuala Lumpur, Malaysia.

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9.
License no. DBOD No.IBS.1042/23.01.004/2002-03 dated December 2, 2002 granting approval to the Bank for
opening a representative office at Guangzhou, China.
10.
Letter no. DBOD No.IBS/434/23.12.004-94/95 dated October 8, 1994 granting approval to the Bank for opening a
branch at Al Ain (Abu Dhabi), United Arab Emirates.
11.
License no. BL. B. 8120 (issued vide letter no. DBOD (Bom) No.2213/B.L.2(D)-79 dated March 7, 1979) granting
approval to the Bank to open a branch at Salalah, Sultanante of Oman.
12.
License no. BL. B. 7403 (issued vide letter no. DBOD (Bom) No.8779/B.L.2(D)-77 dated August 19, 1977) granting
approval to the Bank to open an offshore branch at Nassau, Bahamas.
13.
License no. BL. B. 7402 (issued vide letter no. DBOD (Bom) No.8779/B.L.2(D)-77 dated August 19, 1977) granting
approval to the Bank to open a branch at New York, U.S.A.
14.
License no. BL. B. 7425 (issued vide letter no. DBOD (Bom) No.9978/B.L.2(D)-77 dated October 3, 1977) granting
approval to the Bank to open a branch at Seychelles.
15.
License no. BL. B. 5557 (issued vide letter no. DBOD (Bom) No.1911/B.L.2(D)-75 dated April 1, 1975) granting
approval to the Bank to open a branch at Quatre-Bornes, Mauritius.
16.
License no. BL. B. 5646 (issued vide letter no. DBOD (Bom) No.3860/B.L.2(D)-75 dated May 26, 1975) granting
approval to the Bank to open a sub-branch at Sigatoka, Fiji Islands.
17.
License no. BL. B. 1465 (issued vide letter no. DBOD (Bom) No.2958/B.L.17-66 dated July 11, 1966) granting
approval to the Bank to open a branch at Southall (Middlesex), United Kingdom.
We require prior approval from RBI for opening a new place of business in India or abroad. We have obtained the
necessary approvals from the appropriate statutory and regulatory authorities for carrying out our business and operations
through our branches and no further approvals are required from any Indian government authority / RBI to continue our
business and operations. As regards our overseas operations through branch/representative offices/subsidiaries, except
as disclosed in the section “Licenses and Approvals – Approvals applied for and pending Approval” on page 331 of this
Red Herring Prospectus, we have obtained the necessary approvals from the appropriate statutory and regulatory
authorities. Except as disclosed hereunder, there are no approvals which have expired, or which have been applied for
and have not been granted to the Indian branches of the Bank. We are not required to apply for any other approvals for
the purposes of running our business and operations.
Registration with SEBI
1.
Certificate of Registration dated April 19, 2004 granted by SEBI to the Bank for carrying on the activities of a
debenture trustee with the registration code IND000000018. The license is valid till September 30, 2006.
2.
Certificate of Registration dated January 5, 2004 granted by SEBI to the Bank for carrying on the activities of a
banker to an issue with the registration code INBI00000030. The license is valid till November 30, 2006.
3.
Registration dated September 14, 2000 recording that the Bank has been registered vide registration number IN-
DP-CDSL-86-2000 as a ‘participant ’ with the CDSL under the SEBI (Depositories and Participant) Regulations,
1996. The said registration is valid till September 13, 2005.
4.
Registration dated February 6, 2004 recording that the Bank has been registered vide registration number IN-DP-
NSDL-90-99 as a ‘participant ’ with the NSDL under the SEBI (Depositories and Participant) Regulations, 1996. The
said registration is valid till April 4, 2009.
Approvals granted by the Insurance Regulatory and Development Authority
1.
Licence no.1715936 dated June 18, 2004 issued by the IRDA authorizing the Bank to act as a corporate agent for
procuring/soliciting insurance business of a General Insurer for three years from June 18, 2004.
Licences and Approvals from foreign regulatory authorities
1.
Letter no. FO48 dated March 31, 1980 from the Bank of England recognizing the Bank as a ‘bank’ in pursuance to
an application filed by the Bank for deposit taking authority under the Banking Act, 1979.

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