|
Business Overview
We are one of India’s leading commercial banks. As of September 30, 2005, we had 2,694 branches in India spread
over 27 states and five union territories. In addition, as on date, the Bank and its Subsidiaries maintain an international
presence in 19 countries across the globe. As of September 30, 2005, we had a work force of over 39,170 people
serving over 25 million customers.
At March 31, 2005, we had assets of Rs. 943,844.41 million and our net worth was Rs. 53,479.59 million. At September
30, 2005, we had assets of Rs. 1,013,556.06 million and our net worth was Rs. 57,577.38 million.
We were established in 1908 in Baroda as a private bank and following nationalization became a wholly-owned
Government bank in 1969. Our head office is in Baroda and our corporate office is in Mumbai. We had our initial public
offering in 1996 at which time the shareholding of the Government of India was diluted to 66.83%. After this Issue, the
Government of India’s shareholding will be reduced to 53.81%. We have a diverse shareholder base, and we believe
Government support to the Bank is regarded favourably by the general public. We have been profitable continuously and
have a consistent record of paying dividends to our shareholders. We maintain the highest credit rating for both our
short-term and long-term borrowings from the rating agencies: CRISIL; ICRA; and FITCH. Moody’s have given us a
financial strength rating of ‘D(FSR)’ and a rating of ‘Ba2’ for long term deposits, which reflects a stable outlook. In
addition, we were the first public sector bank to obtain a corporate governance rating, and were assigned a rating of
“CGR-2” from ICRA, demonstrating the high quality of our corporate governance.
Our business involves six main business areas: corporate financial services; international operations; retail financial
services; business financial services; global treasury; and rural financial services.
We provide a wide range of corporate financial services. We provide commercial banking products and services to
corporate customers, including mid-sized and small businesses and government entities. Our products include various
deposits, term loans and advances for the acquisition, construction or improvement of assets. We also offer fee-based
services such as cash management and remittance services. In addition, our subsidiary BOB Caps provides a full range
of appraisal and merchant banking services.
We provide business financial services to small and medium sized enterprises as well as to commercial enterprises. Our
services include deposits, loans and advances, working capital finance, short-term corporate loans, project finance and
cash management. This wide range of services allows us to also develop personalised banking solutions for individual
business customers.
We are one of the largest retail banks in India in terms of number of customers, and our strategy is to emphasize retail
banking. We have a wide network of branches across India, and we are well positioned to offer retail customers
convenient and accessible banking services. Our branch network is strong in the industrially developed states of Gujarat
and Maharashtra as well as in the state of Uttar Pradesh, which has a strong agricultural base and developing industrial
base. Our deposit products, retail loans, depositary services and debit cards cater to the financial needs of all our
customers.
Our international operations have a considerable history with our first overseas branch in Mombassa, Kenya established
in 1953. Today, on a consolidated basis, we have an international presence in 19 countries with 59 branches and offices,
which gives us diversity of business and a wide customer reach. We offer a variety of banking services through our
international network, which varies from country to country. In fiscal 2005, our international operations contributed 15.47%
and 9.28% of our total business (deposits plus advances) and total income, respectively, on a consolidated basis rising
from 14.78% and 7.74%, respectively, in fiscal 2004.
Our domestic treasury operations are integrated through our Specialized Integrated Treasury Branch (SITB). The markets
integrated by our treasury operations are domestic money, investments, foreign exchange and derivatives. SITB enables
2
Do'stlaringiz bilan baham: |
