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Indias International Bank

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Position.

Bank of Baroda (BoB) (BSE: 532134)(Hindi: ) is the third largestbank in India, after the State Bank of India and

the Punjab National Bank and ahead of ICICIBank. BoB is ranked 763 in Forbes Global2000 list. BoB has total assets in excess of Rs.3.58 lakh crores, or Rs. 3,583 billion, a

network of over 3,409 branches and offices,and about 1,657 ATMs. It plans to open 400new branches in the coming year.

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General information.

TypePublic

Traded as BSE: 532134

Industry- Banking, Financial services

Founded- 1908

Headquarters- Vadodara, India

Area served- Worldwide

Key people -M. D. Mallya(Chairman & MD)

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Contd..

Products- Credit cards, consumer banking,corporate banking, finance andinsurance, investment banking, mortgageloans, private banking, private equity, wealth

management Revenue- 25,800 crore (US$5.68 billion)(2011)

Net income- 4,433 crore (US$975.26million)(2011)

Total assets- 355,826 crore (US$78.28billion)(2011)

Website- www.bankofbaroda.com

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International presence

In its international expansion, the Bank of Baroda followed theIndian diaspora, especially that of the Gujaratis. It hassignificant international presence with a network of 72 officesin 25 countries, six subsidiaries, and four representative

offices. Among the Bank of Barodas 85 overseas branches are ones in

the worlds major financial centers (e.g., NewYork, London, Dubai, Hong Kong (which it has upgradedrecently), Brussels and Singapore, as well as a number in other

countries. The bank is engaged in retail banking via 17branches of subsidiaries in Botswana, Guyana, Kenya,Tanzania, and Uganda.

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Contd..

The Bank has also received permission to startits operations in countries like Trinidad andTobago, Ghana, Bahrain, South

Africa, Kuwait, Canada, New Zealand, SriLanka, Bahrain, Saudi Arabia, Russia, UnitedKingdom, the United Arab Emirates,and Botswana.

The slogan of Bank of Baroda is "India'sInternational Bank".

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Business Strategy

Focus on marketing their credit products to large and

medium sized industrial units and infrastructure

projects

Grow their international operations Continue growing their retail banking business

Strengthen their priority sector banking business

Entering new areas businesses, alliances and strategicacquisitions

Building their corporate image and their Bank of

Baroda brand

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Corporate Banking

General -

They provide commercial banking products and

services to corporate customers including mid-sized

and small businesses and government entities. Theirproducts include term loans, advances for the

acquisition, construction or improvement of assets.

They also offer fee based services such as cash

management and remittance services. In addition,their subsidiary BOB Caps provides a full range of

appraisal and merchant banking services.

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Loans and advances

Working Capital Finance

Term Finance

Short term corporate loans Loans to Small and Medium sized borrower

Project Finance

Infrastructure Finance Loan against Future Rent Receivables

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Corporate Products and Service

Foreign Currency Credits

External Commercial Borrowings

Export Credits Import Finance

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Personal loan

Baroda Housing Loan

Baroda Home Improvement Loan

Baroda Education Loan

Baroda car & Two Wheeler loan

Baroda Consumer Durables Loan

Baroda Personal Loans and Marriage Loan

Baroda Vaibhav Lakshmi

Baroda Festival Loans

Baroda Loans against Future Rent Receivable

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International Operation

Their international operations have a

considerable history with their first overseas

branch in Mombassa, Kenya in 1953. Their

wide spread reach provides gives themdiversity of business and a wide customer

reach. They offer a variety of banking services

through their international network, whichvary from country to country.

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Offshore Banking

One of the few banks that have been granted

permission by the Government of India and

RBI to operate offshore banking units. They

have opened their Offshore Banking Unit(OBU) in SEEPZ(Santacruz Electronics

Export Processing Zone), Mumbai in addition

to their OBUs in Mauritius and Bahamas.These OBUs provide various foreign currency

asset and liability products and services.

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Correspondent Banking

The extensive worldwide network of branches

are able to offer correspondent banking

services to other Indian banks as well as banks

from other countries. In particular, their NewYork, Brussels and London branches are

equipped with the latest technology and trained

staff to provide services in Nostro accounts inUnited States Dollars, Euros and Great Britain

Pounds respectively.

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Contd

The main services provided through their

correspondent banking network include

collection of bills, advising and confirming

letters of credit issued by other banks,discounting of bills drawn under letters of

credits, maintenance of foreign currency

accounts, and handling remittances on behalfof other banks.

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Overseas Expansion

They intend to grow their operations through thefollowing expansion overseas:

They have received RBI approval for the openingof additional offices in Bangladesh, Canada,Maldives, New Zealand, Sri Lanka, Trinidad, andTobago.

They are awaiting host country approval for theopening of a branch in Houston, USA, a branch at

Hong Kong and an OBU in Singapore. They have undertaken feasibility studies for the

opening of an office in Australia.

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Deposit Products

Fixed Deposit Accounts

Current Deposits

Premium Current Account General Savings Account

Super Savings Account

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Deposits by Non-Resident Indian

Through the wide network of foreign

branches, offices and correspondent relations

at various business locations around the world,

they actively seek banking business from Non-Resident Indians (NRIs). They seek to

satisfy the comprehensive banking needs of

NRIs by providing a wide range of services,including deposit products in Indian and

foreign currencies.

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Facilities to Returning Indians

Returning Indians i.e. those who were Non- Residents earlier and

are returning now for permanent stay, are permitted to open

hold and maintain a RFC account in India to keep their -

foreign currency assets acquired, owned and held outside India

and brought to India at the time of returning for permanent

stay

foreign exchange received as pension or any other

superannuation or other monetary benefits from his employer

outside India

foreign exchange received or acquired when he was resident

outside India as gift or inheritance from a person resident

outside India

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Non-Resident accounts

Ordinary Non- Resident AccountsOrdinary non-resident accounts will be redesignated

to resident accounts in India on return of the account

holder to India and consequently becoming resident in

India Non-Resident (External) Rupee Accounts

NRE accounts will also be converted to resident

rupee accounts or RFC accounts at the option of theaccount holder on his return to India and becoming

residents in India. In case of NRE Fixed Deposit, the

accounts will continue to earn agreed rate of interest till

maturity even after these being converted to resident

account.

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FCNR Accounts

FCNR accounts will be converted to residentrupee accounts or RFC account at the option ofthe account holder on his return to India and

becoming resident in India. In case the account isconverted to resident rupee account, the foreigncurrency amount will be converted to IndianRupees at applicable exchange rate ruling on the

day of conversion. Interest on the new depositwould be payable at the relevant rate applicableon such deposit

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RFC Accounts

In case the amount is transferred to RFC

account, the rate of interest applicable to RFC

account will be payable. You can also open

RFC account with the ASSETS brought by youon return as well as your foreign assets held

abroad, at any future date, should you so desire

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Other Banking Services

Credit Cards

Debit Cards

Cash Management and Remittance

Collection Services Insurance

Information based Internet and Mobile Banking

Services (I- BoB and M-BoB) Safe Deposit Lockers

BillDesk

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