Bank of baroda

Activity
Expense (in Rs. million)
Lead management fee and underwriting commission*
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Advertising and Marketing expenses
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Printing and stationery
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Registrars’ fee, legal fees, etc.
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Others
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Total estimated Issue expenses
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*
will be incorporated after finalisation of Issue Price
In addition to the above, listing fees will be paid by the Bank.

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26
BANK OF BARODA
BASIS FOR ISSUE PRICE
Qualitative Factors
1.
We are one of India’s major public sector banks with a considerable presence outside India and service over 25
million customers across India.
2.
As of September 30, 2005, we had 2,694 branches in India spread over 27 states and five union territories. In
addition, on a consolidated basis, we maintain an international presence in 19 countries across the globe with 59
branches and offices and one joint-venture. We have 12 Subsidiaries out of which seven are located overseas
besides 20 Associates, which include 17 Regional Rural Banks for whom we are the sponsoring bank.
3.
Our advances increased by 21.91% to Rs. 434,003.84 million as of March 31, 2005 from Rs. 356,008.82 million as
of March 31, 2004; and our retail portfolio increased by 51.33% to Rs. 63,830.60 million as of March 31, 2005 from
Rs. 42,177.60 million as of March 31, 2004.
4.
Our deposits increased by 11.47% to Rs. 813,334.65 million at March 31, 2005 from Rs. 729,673.23 million at
March 31, 2004. As at March 31, 2005, our interest-free demand deposits and low-interest savings bank deposits
constituted 36.45% of our total deposits. These low-cost deposits led to an average cost of deposits of 2.35% and
an average cost of deposits of 4.23% for fiscal 2005.
5.
Our ratio of net NPAs to net advances declined to 1.45% as at March 31, 2005 from 2.99% as at March 31, 2004.
6.
Post our nationalisation, we have a track record of consistent profitability.