BCC:CHMD:106:19

12th March’2014S. S. MUNDRA

Chairman & Managing Director

Dear Barodians,

Re: Introduction of a revised Performance linked incentive Scheme for employees

Greetings to you and members of your family.

I am sure that all of you must be busy with the last mile sprint for garnering business before we close the

st

their best.

a revised performance linked incentive scheme for our employees. The Board in its meeting held on 05th

employees.

in all grades/cadres under the following types:

Group Incentives parameters

Individual incentives

Role-based incentives

Field GMs / DGMs

Corp. GMs / DGMs

Incentives for Bank’s overseas territories

To all staff of

All staff will include IBOs as well as local staff in the respective territory provided they are not covered under any local incentive scheme in that territory.

role and additional responsibility.

for grant of campaign incentives and product sales incentives

efforts. This scheme has been made applicable with retrospective effect from the year 2012-13 onwards and we shall be announcing the names of the units / employees eligible for receiving incentives for the year 2012-13 in April’14based on the results / performance of the current year and will be announced in due course after the results are compiled.

but also suitably reward and differentiate our top performers.

S. S. MUNDRA

Baroda Corporate Centre,

Phone : 91 22 6698 5000 l l

yeermeermeer:meerSÛeSce[er:106:1912 ceeÛe&, 2014

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efØeÙe yeÌ[ewefoÙeve,

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Deehe Deewj Deehekesâ heefjkeejpeveesb keâes cesjer MegYekeâeceveeSb.

cegPes efkeMkeeme nw efkeâ Ûeeuet efkeòeerÙe ke<e& keâer meceeefhle cesb yeÛes Fme Deuhe meceÙe cesb Deehe kÙekemeeÙe nsleg efveOee&efjle }#Ùe keâes heÇehle keâjves kesâ ef}S hetjer leekeâle mes pegšs nesbies. Ùen ke<e& efveefMÛele ®he mes Skeâ keâef"ve ke<e& jne, efkeâbleg yeÌ[ewefoÙeve ncesMee ÛegveewefleÙeesb keâe meecevee keâjves kesâ ef}S peeves peeles nQ. Fme keâef"ve he=…Yetefce kesâ yeekepeto 31 efomebyej, 2013 keâes meceehle efleceener kesâ nceejs heefjCeece ve kesâke} efkeMues<ekeâesb keâer Dehes#eeDeesb kesâ Deveg®he jnsb nQ yeefukeâ Fvemes nceejer me=ÂÌ{lee SJeb keâef"ve heefjefmLeefleÙeeW ceW heefjCeece neefmeue keâjves keâer #ecelee keâe Yeer helee Ûeuelee nw. yeepeej keâer efmLeefleÙeesb keâes OÙeeve cesb jKeles ngS DelÙeefOekeâ Dee›eâecekeâ ®he mes ve yeÌ{ves kesâ yeeJepeto nce yengle mes ceeveob[esb cesb GÅeesie mlej mes Yeer DeÛÚe heÇoMe&ve keâj jns nQ. ncesb ceewpetoe efleceener kesâ ef}S Yeer kewmes ner jheäleej yeveeS jKeveer nw leeefkeâ nce ve kesâke} Deheveer yeepeej efnmmesoejer keâes yeÌ{e mekesâb yeefukeâ osMe kesâ meyemes yeÌ[s je<š^erÙeke=âle yeQkeâ kesâ ®he cesb Deheveer efmLeefle Yeer cepeyetle keâj mekesâb.

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Ùen mebMeesefOele keâeÙe&efve<heeove DeeOeeefjle heÇeslmeenve Ùeespevee ve kesâke} kÙeehekeâ nw Deefheleg Fmecesb heejoefMe&lee, kemlegefve… ceeveob[ kesâ Éeje meYeer ßesefCeÙeesb kesâ keâce&ÛeeefjÙeesb Skeb kÙekemeeÙe FkeâeFÙeesb keâes Meeefce} efkeâÙee ieÙee nw, meeLe ner Ùen keâce&ÛeeefjÙeesb keâes Gvekesâ heÇÙeemeesb kesâ heÇefleHeâ} Yeer heÇoeve keâjsiee. ne}ebefkeâ efkemle=le Ùeespevee peuo ner peejer keâer peeSieer, cewb Fme DelÙeble cenlkehetCe& veerefle keâer kegâÚ heÇcegKe efkeMes<eleeDeesb hej heÇkeâeMe [e}vee Ûeentbiee.

DeOÙe#e SJeb ØeyebOe efveosMekeâ keâer [smkeâ mes

yeÌ[ewoe keâeheexjsš mesvšj, meer-26, peer-yuee@keâ, yeevõe kegâuee& keâe@chueskeäme, cegbyeF& 400 051, YeejleHeâesve : 91 22 6698 5000 l Hewâkeäme : F&-cesue : l Jesye:

meb#eshe cesb, Ùen Ùeespevee meYeer ßesCeer/mebkeie& cesb yeQkeâ kesâ mekeexÛÛe 25 efve<heeove keâce&ÛeeefjÙeesb keâes efvecveef}efKele heÇkeâej mes heÇeslmeenve osves hej DeeOeeefjle nw: -

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efvec>e keâes osÙe: Heâeru[ ceneheÇyebOekeâ/GheceneheÇyebOekeâkeâehee&sjsš ceneheÇyebOekeâ/GheceneheÇyebOekeâ

yeQkeâ kesâ efkeosMeer #es$eesb kesâ ef}S heÇeslmeenve

efvec>eef}efKele meYeer mšeHeâ keâes: mekeexÛÛe 25 efkeosMeer MeeKeeSb (#es$ekeej)efkeosMeer ØeeosefMekeâ keâeÙee&}Ùe, efoS ieS ceeveob[esb keâes hetje keâjves hej hee$e nesbies

meYeer mšeHeâ cesb DeeF&yeerDees meefnle meyebefOele #es$e kesâ mLeeveerÙe mšeHeâ Meeefce} nesbies yeMele&s efkeâ kes Gme #es$e cesb efkeâmeer DevÙe mLeeveerÙe Ùeespevee kesâ lenle keâkej venerb nQ.

mecetn heÇeslmeenve kesâ Debleie&le heÇeslmeenve nsleg hee$e nesveskee}s meyebefOele mecetnesb (FkeâeFÙeesb) kesâ heÇcegKe Deheves keâeÙe&oeefÙelkeesb kesâ DeeOeej hej Deefleefjòeâ heÇeslmeenve jeefMe heÇehle keâjsbies. Ùen heÇeslmeenve Gvnsb mekeexÛÛe 25 metÛeer cesb FkeâeF& keâes hengbÛeeves kesâ ef}S ceeie&oMe&ve osves nsleg heÇoefMe&le vesle=lkekeâejer Yetefcekeâe kesâ ef}S efoÙee peeSiee. Fme heÇkeâej megÙeesiÙe kÙekemeeÙe vesle=lkekeâlee&Deesb keâes Gvekesâ vesle=lke Deewj Deefleefjòeâ GòejoeefÙelke kesâ efvekee&n kesâ ef}S efkeMes<e mecceeve heÇehle nesiee.

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heÇeslmeenve jeefMe efkeâmeer Yeer keâce&Ûeejer kesâ mekeâ} keeef<e&keâ kesleve kesâ 10 mes DeefOekeâlece 20 lekeâ nesieer. efkeefYeVe heÇkeâej kesâ heÇeslmeenveesb Skeb efkeefYeVe ßesCeer/kesleveceeveesb kesâ ef}S De}ie-De}ie jeefMe efveOee&efjle keâer ieF& nw. Fme heÇkeâej keâce&ÛeeefjÙeesb keâes heÙee&hle heÇefleHeâ} heÇehle nesiee pees Gvekesâ ef}S yengle DeLe&hetCe& nesiee.

GheÙe&gòeâ meYeer heÇkeâej kesâ heÇeslmeenveesb kesâ ef}S ceeveob[/hee$elee mhe<šleŠ heefjYeeef<ele efkeâS ieS nQ Deewj kemlegiele leLee heejoMeer& nQ. Fmekeâer metÛevee MeerIeÇ ner SÛe.Deej.Sce efkeYeeie Éeje oer peeSieer leeefkeâ meYeer FkeâeFÙeeb Skeb keâce&Ûeejer ceeveob[esb mes heefjefÛele neW Skeb megefveefMÛele keâeÙe&efve<heeove heÇÙeemeesb kesâ ceeOÙece mes heÇeslmeenve jeefMe heÇehle keâjves nsleg mheOee& keâj mekesâb. Ùen Ùeespevee ke<e& 2012-13 mes hetke& heÇYeekeer ®he ceW Deeies kesâ ef}S }eiet keâer ieF& nw. nce ke<e& 2012-13 nsleg heÇeslmeenve jeefMe heÇehle keâjves kee}er hee$e FkeâeFÙeesb/keâce&ÛeeefjÙeesb kesâ veece DeheÇw} 14 cesb Ieesef<ele keâjsbies. ke<e& 2013-14 nsleg heÇeslmeenve jeefMe keâer heÇef›eâÙee Ûee}t ke<e& kesâ heefjCeeceesb keâeÙe&efve<heeove hej DeeOeeefjle nesieer Skeb heefjCeece kesâ meceskeâve kesâ yeeo ÙeLeemeceÙe Ieesef<ele keâer peeSieer.

Ùen kÙeehekeâ Skeb meceekesMeer keâeÙe&efve<heeove mebyebOe heÇeslmeenve veerefle nceejer SÛe.Deej. Ùee$ee keâe DelÙeble cenlkehetCe& ceer} keâe helLej nw. cegPes efkeMkeeme nw efkeâ Ùen ve kesâke} meYeer keâce&ÛeeefjÙeesb keâes Deheves meke&ßes… heÇÙeemeesb kesâ ef}S heÇeslmeeefnle keâjsiee Deefheleg nceejs GÛÛe keâeÙe& efve<heeokeâesb keâes GheÙegòeâ ®he mes mecceeefvele Skeb efkeefMe°lee Yeer heÇoeve keâjsiee.

cesjer MegYekeâeceveeSb nQ efkeâ Deehe ve kesâke} Ûee}t efkeòeerÙe ke<e& ceW Deheves }#Ùe Skeb GösMÙeesb keâes heÇehle keâjsb Deefheleg Gmekesâ yeeo heÇeslmeenve jeefMe kesâ ef}S Yeer hee$e yeveW. DeeFS! nce Deheves heÇÙeemeesb keâes ogiegvee keâjsb Deewj Dehevee mekeexÛÛe heÇoeve keâjsb.

YekeoerÙe,

(Sme.Sme.cetboÌ[e)