Bob Analystsq2h1 Fy11

8/8/2019 Bob Analystsq2h1 Fy11

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Bank of BarodaBank of BarodaA Bank of Credible Track RecordA Bank of Credible Track Record

( Q2 & H1 , 2010( Q2 & H1 , 2010--11)11)

Dr Rupa Rege NitsureDr Rupa Rege Nitsure

Chief EconomistChief Economist

October 28, 2010October 28, 2010


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Bank of Baroda: Key StrengthsBank of Baroda: Key Strengths

Bank of Baroda is a 102 years old State-owned Bank with modern & contemporary

personality, offering banking products and services to Large industrial, SME, retail &agricultural customers across the country.

Relatively Strong Presencein Progressive States like

Gujarat & Maharashtra

Uninterrupted Recordin Profit-making and

Dividend Payment

Overseas BusinessOperations extend across

26 countriesthrough 81 Offices

First PSB to receive

Corporate GovernanceRating (CAGR-2)

Robust Technology

Platform with 100%

CBS in Indian Branches

Pioneer in manyCustomer-Centric

Initiatives

Strong DomesticPresence through

3, 202 Branches

Modern & Contemporary

Personality

Provides FinancialServices to over

37.153 mln CustomersGlobally

A well-accepted &recognised Brand in

Indian banking industry


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Robust Technology PlatformRobust Technology Platform

As on 30 Sept 2010, all domestic branches, that is 3,202 branches and 38 extension counters were on CBS.

Additionally, 47 branches of 15 overseas territories and 28 branches of eight overseas subsidiaries are onthe CBS covering 96.15% of the Banks overseas network.

A pilot roll out has started for the Banks RRBs and the Bank plans to achieve 100.0% roll out in its RRBs inthe current financial year.

Banks Retail & Corporate Customers enjoy several facilities like internet banking, phone banking, rapidfunds2india an online money transfer service, retail depository services, e-tax payment, NEFT/RTGSthrough e-banking, sms alerts, cash mgmt services, online institutional trading, etc.

As on 30 Sept., 2010, Bank had 1,443 ATMs 910 Onsite ATMs & 533 Offsite ATMs.

An Integrated Global Treasury Solution is implemented in UK, UAE, Bahamas, Baharain, Hong Kong,Singapore & in India.

AML System has been implemented in India and in 19 overseas territories.

Bank has created an Online Centralised-Database of its employees, which enables speedy decision-making, promotions, selection, etc. through automated processes.

Payment Messaging Solution has been implemented in 18 territories including India.

Bank has implemented multiple accounts being linked to a single Debit Card (verified by Visa; CVV2) &has also implemented 3DSecure feature & Back Office for Merchant Mgmt in the Internet PaymentGateway.

Document Mgmt System has been rolled out for Centralised Pension Payment Cell at Baroda.

All Back-Office functions have now been effectively centralised in Bank of Baroda.

Bank has also implemented the NRHM (software) for National Rural Health Mission for Gujarat &Rajasthan and Solar Power Generation System a Green Initiative in 64 branches.


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Concentration (%): Domestic Branch NetworkConcentration (%): Domestic Branch Network

Gujarat, 22.14

Maharashtra, 11.1

Rajasthan, 11.74South, 10.85

UP & Uttaranchal,

22.48

Rest of India, 21.61


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Pattern of Shareholding: 30Pattern of Shareholding: 30thth Sept, 2010Sept, 2010

FIIs

18.5%

Corp.Bodies

4.8%

Indian

Public

6.0%Others

0.2%

Mutual

Funds

9.1%

Insurance

Cos

7.7%

Govt. of

India

53.8%

BOB is a Part of the following Indexes

BSE 100, BSE 200, BSE 500 & Bankex

Nifty Junior, BankNifty, CNX 100, CNX 500

BOBs Share is listed on BSE and NSE inFuture and Options segment also.

As on 30th Sept., 2010

Share Capital Rs 365.53 crore

No. of Shares 364.27 million

Net worth Rs 15,669.06 crore

B. V. per share Rs 430.15

Return on Equity (annualised): 23.98%


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Comparative Performance of BoB Stock: Sept09 to Sept10

Index/StockValue

(30th Sept09)

Value

(30th Sept10) % Change

Sensex 17,126.84 20,069.12 17.2%

Nifty 5,083.95 6,029.95 18.6%

Bankex 9,855.60 14,025.04 42.3%

BankNifty 8,812.35 12,366.35 40.3%

BoBBoB--BSEBSE 482.40482.40 872.80872.80 80.9%80.9%

BoBBoB--NSENSE 481.70481.70 872.50872.50 81.1%81.1%


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Awards & Accolades

The Bank has received several awards during the calendar 2010 for its

consistent outstanding performance (both business & financial), superiormanagement, dedication to excellence and contribution to rural economy &financial inclusion.

It is the only Indian bank whose Rank has improved by 69 notches in just ayears time from 283 to 214 in the Bankers (London) Top 1,000 World Banks.

To list a few select awards that the Bank has received in the recent past,

Business Indias Best Bank award for the year 2010

Dainik Bhaskar-DNA India Pride Award 2010 A Silver Trohy

Dalal Street-KPMG DSIJ PSU Award 2010

Runner Up in Financial Express Best Bank Awards under the

Nationalised Bank Category

Innovative Brand Builder Award by CMO Asia Awards, Singapore

Skoch Challenger Award for Bank of the Year


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Indian Macro Scene during Sep09 to Sep10

IIP Growth (%)

5.6

15.2

5.8

11.5

9.3

10.2

1217.7

16.3

14.7

14.5

15.2

0

2

4

6

8

10

12

14

16

1820

Sept'09Oc

t'09No

v'09De

c'09Jan'10

Feb'10

Mar'10 Ap

r'10M

ay'10Jun'10 Jul'10 Au

g'10

WPI (%)

8.62

1.09

1.48

4.50

6.92

8.539.68

10.2311.00

11.39

10.288.51

10.31

0

2

4

6

8

10

12

Sep'09

Nov'09

Jan

'10

Mar'10

May'10

Jul

'10

Sept'10

12.6

9.5 10.0

12.2

14.815.1

16.7 17.6

18.1

21.7

19.7 19.419

0.0

5.0

10.0

15.0

20.0

25.0

Sep'09 Nov'09 Jan'10 Mar'10 May'10 Jul'10 Sept'10

Bank Credit Growth (%)

48.1

46.95

46.51 46.53

46.17 46.08

44.9

44.36

46.37

46.46

46.4

47.07

44.93

42

43

44

45

46

47

48

49

Sep'09 Nov'09 Jan'10 Mar'10 May'10 Jul'10 Sept'10

Rs/$


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Economic & Policy Environment in H1, FY11

The IMFs latest World Economic Outlook (Oct. 6) says global economic recovery isproceeding, but it is an unbalanced recovery.

Global recovery is sluggish in advanced countries but much stronger in emergingand developing economies.

Indias GDP grew 8.8% in Q1, FY11 over & above 8.6% in Q4, FY10.

Growth in Q1, FY11 was driven by a strong growth rebound in manufacturingsector and a few segments of services sector like hospitality & communications.

Indias industrial output grew 10.6% (y-o-y) in Apr-Aug, FY11 versus 5.9% a year ago.

However, the growth is still quite lop-sided and stresses are seen in sectors likepower generation, beverages, textiles, chemicals, wood products, consumer non-durables, etc.

Thanks to good monsoon rains, Indias kharif foodgrain production in FY11 is estimated

at 114.63 mln tns 10.4% higher than the last years level.Indias exports grew 28.6% (y-o-y) in Apr-Aug10, while imports grew 33.1%, takingtrade deficit to US$56.62 bln in Apr-Aug10, versus UD $40.28 bln a year ago.

Higher trade deficit combined with the lower invisibles surplus has been puttingsustained adverse pressure on current account deficit.


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Economic & Policy Developments in H1, FY11

However, capital account surplus on the back of short term credit, ECBs, bankingcapital, etc., has been adequately financing the current account deficit.

Net investment of portfolio investors in Indias debt & equity segments amountedto US $27.12 bln in H1,FY11.

Indian rupee that depreciated against the USD by 3.5% in Q1, FY11 to 46.46 as on 30 Jun,2010 bounced back in Q2 and appreciated by 3.3% during Q2, FY11 to 44.93 as on 30 Sept,2010.

Indian governments Fiscal Deficit declined 16.9% (y-o-y) during Apr-Aug, FY11 mainlyon account of windfall from 3G & broadband spectrum auctions and decent revenuegeneration.

Inflation has emerged as a major concern in macroeconomic management and is stillsticky in the band of 8.5% to 9.0%.

To counter inflationary pressures, the RBI has cumulatively raised Repo rate by 125

bps and Reverse Repo rate by 175 bps since Mar10.

Banking industrys aggregate deposit growth at 14.3% (y-o-y) and credit growth at19.0% (y-o-y) as on Sept 24, 2010 were way below market expectations. The broad moneysupply expansion was also controlled at 14.7% (y-o-y).


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Banks Business Growth (YBusiness Growth (Y--OO--Y): Sept05 to Sept10Y): Sept05 to Sept10

9.6

25.022.0

22.6

28.730.1

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Sep'05

Sep'06

Sep'07

Sep'08

Sep'09

Sep'10

Growth: Total Deposits (%)

30.9

45.0

27.1

31.6

25.4

29.6

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

Sep'05

Sep'06

Sep'07

Se'08

Sep'09

Sep'10

Growth: Total Advances (%)

16.5

32.2

24.026.3

27.329.9

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

Sep'05

Sep'06

Sep'07

Sep'08

Sep'09

Sep'10

Growth: Total Business (%)

17.3

22.2

7.9

18.2

23.727.3

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Sep'05

Sep'06

Sep'07

Sep'08

Sep'09

Sep'10

Domestic CASA Growth (%)


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Banks Asset Quality: Sept04 to Sept10Banks Asset Quality: Sept04 to Sept10

6.34

3.44

2.33

1.62

1.30 1.39

0.38

2.27

1.13

0.77

0.55

0.430.27

0

1

2

3

4

5

6

7

8

9

Sep'04 Sep'05 Sep'06 Sep'07 Sep'08 Sep'09 Sep'10

%

0

0.5

1

1.5

2

2.5

3

3.5

4%

Gross NPA

Net NPA


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Banks Business Performance: Sep09 to Sep10Banks Business Performance: Sep09 to Sep10

Particular(Rs crore)

Sep09 Mar10 Sep10 Y-O-Y(%)

Change

Over

March(%)

Global Business 3,56,274 4,16,080 4,62,619 29.9 11.2

Domestic Business 2,70,250 3,16,926 3,47,733 28.7 9.7

Overseas Business 86,025 99,153 1,14,885 33.6 15.9

Global Deposits 207355 2,41,044 2,69,660 30.1 11.9

Domestic Deposits 1,60,609 1,85,283 2,06,001 28.3 11.2

Overseas Deposits 46,746 55,762 63,659 36.2 14.2

Global CASA Deposits 62705 71,468 79,815 27.3 11.7Domestic CASA 58,091 66,024 73,944 27.3 12.0

Overseas CASA 4,614 5,444 5,870 27.2 7.8

Share of Domestic CASA improved from 35.23% in Q1, FY11 to 35.89% in Q2, FY11.


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Particular

(Rs crore) Sep09 Mar10 Sep10Y-O-Y

(%)

Change

Over

March(%)

Global advances (Net) 1,48,919 1,75,035 1,92,959 29.6 10.2

Domestic Advances 1,09,641 1,31,644 1,41,732 29.3 7.7

Overseas Advances 39,278 43,392 51,227 30.4 18.1Out of Gross Domestic Credit,

Retail Credit

Of which:21,403 24,248 27,192 27.0 12.1

Home Loans 9,353 10,313 11,324 21.1 9.8

SME Credit 16,666 21,111 23,506 41.0 11.3

Farm Credit 17,744 21,617 21,555 21.5 -0.3

Credit to WeakerSections

8,961 10,945 11,976 33.6 9.4


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Particular(Rs crore)

Sep09 Mar10 Sep10 Y-O-Y(%)

Change

Over

March (%)

Global SavingDeposits

46,988 52,544 59,349 26.3 13.0

Domestic SavingsDeposits

45,749 51,258 57,994 26.8 13.1

Overseas SavingsDeposits

1,239 1,286 1,355 9.3 5.4

Global CurrentDeposits

15,717 18,924 20,466 30.2 8.1

Domestic Current

Deposits12,343 14,766 15,950 29.2 8.0

Overseas CurrentDeposits 3,375 4,158 4,516 33.8 8.6


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Banks Profits & NII: JulBanks Profits & NII: Jul--Sep, FY10 & FY11Sep, FY10 & FY11

Particular

(Rs crore)Jul-Sep09 Jul-Sep10

Y-O-Y

(%)

Gross Profit 1,031.59 1,656.74 60.6

Net Profit 634.18 1,019.30 60.7

Net InterestIncome

1,388.60 2,038.14 46.8

The Banks NII grew sequentially from Rs 1,744.95 crore in Jan-Mar10 to Rs 1,857.99 crore in Apr-Jun10 to Rs 2,038.14 crore on theback of a healthy growth in credit and prudent management ofliabilities.


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Other Highlights: For Last Select QuartersOther Highlights: For Last Select Quarters

Particular (in %) Q2,FY10

Q4,FY10

Q1,FY11

Q2,FY11

Global Cost of Deposits 5.15 4.42 4.39 4.50

Domestic Cost of Deposits 5.87 5.08 5.09 5.27

Overseas Cost of Deposits 2.49 2.06 1.95 2.02

Global Yield on Advances 8.71 8.23 8.17 8.40

Domestic Yield on Advances 10.23 9.76 9.79 10.17

Overseas Yield on Advances 4.48 3.74 3.67 3.75


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Other Highlights: For Last Select QuartersOther Highlights: For Last Select Quarters

Particular (in %) Q2,FY10

Q4,FY10

Q1,FY11

Q2,FY11

Global Yield on Investment 6.69 6.51 6.66 7.06

Domestic Yield on Investment 6.87 6.72 6.83 7.24

Overseas Yield on Investment 4.33 3.68 3.71 3.71

Global NIM 2.63 2.97 2.90 3.02

Domestic NIM 2.89 3.50 3.43 3.62

Overseas NIM 1.59 1.30 1.31 1.33


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Key Financial Ratios : H1, FY10 and H1,FY11Key Financial Ratios : H1, FY10 and H1,FY11

Return on Average Assets at 1.27% [1.13% in H1, FY10]

Earning per Share (annualised) at Rs 103.14 [Rs 72.46 in H1, FY10]

Book Value per Share at Rs 430.15 [Rs 348.70 in H1, FY10]

Return on Equity (ROE) at 23.98% [20.78% in H1, FY10]

Capital Adequacy Ratio at 13.22% with Tier I Capital at 8.16%

Cost-Income Ratio declined from 47.54% to 38.69% (Y-o-Y)

Gross NPA ratio increased marginally from 1.30% to 1.39% (Y-o-Y)

Net NPA ratio increased from 0.27% to 0.38% (Y-o-Y).

NPA Coverage at the healthy level of 73.11% (without technical write-offs) and at85.56% (with technical write-offs)

Incremental Delinquency Ratio at 1.05% (annualised) in H1, FY11.


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Key Financial Ratios : Q2, FY10 and Q2,FY11Key Financial Ratios : Q2, FY10 and Q2,FY11

Return on Average Assets at 1.34% [ 1.07% in Q2, FY10]

Earning per Share (annualised) at Rs 111.92 [Rs 69.64 in Q2, FY10]

Return on Equity (ROE) at 26.02% [ 19.97% in Q2, FY10]

Cost-Income Ratio declined from 48.00% in Q2, FY10 to 39.08% inQ2, FY11

Incremental Delinquency Ratio at 0.16% (non-annualised) in Q2,FY11 versus 0.37% (non-annualised) in Q1, FY11.


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NonNon--Interest Income: Q2, FY10 and Q2, FY11Interest Income: Q2, FY10 and Q2, FY11

(Rs crore) Q2, FY10 Q2, FY11

%Change

(Y-O-Y)

Commission, Exchange,Brokerage

192.05 248.28 29.3

Incidental Charges 78.22 90.50 15.7

Other Miscellaneous Income 53.67 63.20 17.8

Total Fee-Based Income 323.94 401.98 24.1

Trading Gains 120.54 110.13 -8.6

Profit on ExchangeTransactions

84.24 100.02 18.7

Recovery from PWO 66.61 69.16 3.8

Total Non-Interest Income 595.33 681.29 14.4


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Provisions & Contingencies: Q2, FY10 and Q2, FY11Provisions & Contingencies: Q2, FY10 and Q2, FY11

(Rs crore) Q2, FY10 Q2, FY11 % Change(Y-O-Y)

Provision for NPA & BadDebts Written-off

172.16 142.26 -17.4

Provision for Depreciationon Investment -61.07 -20.11 --

Provision for StandardAdvances

1.49 52.04 3392.6

Other Provisions (includingProvision for staff welfare)

3.75 11.30 201.3

Tax Provisions 281.08 451.95 60.8

Total Provisions 397.41 637.44 60.4


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Banks Treasury Highlights: Q2 and H1, FY11Banks Treasury Highlights: Q2 and H1, FY11

Treasury Income stood at the healthy level of Rs 210.15 crore in Q2, FY11

and at Rs 459.70 crore in H1, FY11. The Banks Trading Gains Stood at Rs 110.13 crore in Q2, FY11 and at Rs

238.07 crore in H1, FY11.

As of September 30, 2010, the share of SLR Securities in Total Investment

was 85.85%.

The Bank had 78.35% of SLR Securities in HTM and 20.92% in AFS at end-September 2010.

The per cent of SLR to NDTL as on 30th September, 2010 was 26.79%.

While the modified duration of AFS investments is 2.52 years; that of

HTM securities is 5.15 years.

Total size of Banks Domestic Investment Book as on 30th September, 2010stood at Rs 63,081.12 crore.

Total size of Banks Overseas Investment Book as on 30th September, 2010

stood at Rs 3,193 crore.


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Overseas Business: H1, FY11Overseas Business: H1, FY11

As on 30 Sept, 2010, the Overseas Business contributed 24.8% to the Banks

Total Business, 16.9% to its Gross Profit and 31.6% to its Core Fee income.

While the Cost-Income Ratio for Domestic Operations stood at 41.51% in H1,FY11, it was more favourable at 19.74% for the Banks Overseas Operations.

While the Gross NPA (%) in Domestic Operations stood at 1.68% at end-September, 2010, that for Overseas Operations was lower at 0.58%.

The ROAA for Overseas Operations stood at 1.05% in Q2, FY11 and at 0.98% inH1, FY11.

The Return on Avg. Net Worth for Overseas Operations improved from 16.41%at end-June, 2010 to 19.23% at end-Sept, 2010.

During H1, FY11, the Bank raised US $350 mln for 5.5 years at 4.75% coupon(YTM: 4.886) under its MTN programme to finance asset growth in overseasoperations.


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Capital Adequacy & Capital Raising in H1, FY11Capital Adequacy & Capital Raising in H1, FY11

The Banks CRAR (Basel II) as on 30th Sept., 2010 was at 13.22%; of

which Tier1 was at 8.16% and Tier 2 at 5.07%.

The size of Banks risk-weighted assets as on 30th September, 2010 wasRs 1,85,282 crore.

The Bank proposes to maintain its CRAR in the band of 13.0% to 13.5%in the coming years (with the Tier 1 between 8.0% and 8.5%).

The Bank raised Rs 2,211.50 crore during H1, FY11 by way of thefollowing issues.

Subordinated Upper Tier II Bonds (maturing in 2025): Rs 500 crorein May, 2010

Subordinated Upper Tier II Bonds (maturing in 2025): Rs 500 crore

in June, 2010 Subordinated Upper Tier II Bonds (maturing in 2025): Rs 500 crore

in August, 2010

Perpetual [IPID] (maturing in 2020): Rs 711.50 crore in August,2010


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NPA Movement (Gross): H1, FY11NPA Movement (Gross): H1, FY11

Particular ( Rs crore)

A. Opening Balance 2,400.69

B. Additions during H1, FY11 954.31

Out of which, Fresh Slippages 919.63

C. Reduction during H1, FY11 635.15

Recovery 242.45

Upgradation 144.67

PWO & WO 248.03

Exchange Difference --NPA as on 30th September, 2010 2,719.85

Recovery in PWO in H1, FY11 125.28


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SectorSector--wise Gross NPAs: H1, FY10 & FY11wise Gross NPAs: H1, FY10 & FY11

Sector Gross NPA(%)

H1, FY10

Gross NPA(%)

H1, FY11

Agriculture 2.09 3.44

Large & MediumIndustries 1.21 1.56

Retail 2.38 2.12

Housing 2.67 2.13

SME1.70 2.94


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Cumulative Position of Restructured Assets (Domestic)Cumulative Position of Restructured Assets (Domestic)

During 30 months (1 Apr08 to 30 Sep10), the Bank has restructuredaccounts amounting Rs 5,432.66 crore.

Within this, the loans worth Rs 319.04 crore were restructured in H1, FY11.

For the period of 30 months, out of the total amount restructured, Rs 2,845.44crore (52.4%) belonged to wholesale banking, Rs 1,345.59 crore (24.8%) toSMEs, Rs 566.08 crore (10.4%) to retail and Rs 675.55 crore (12.4%) toagriculture sector.

About 41 accounts (of Rs 1 crore & above) restructured on/after 1st Apr,2008 with aggregate outstanding of Rs 539.01 crore slipped to NPA afterrestructuring and most of them belonged to the SME segment.

Industry-wise break-up shows that the Banks restructured accounts are well

spread over different sectors, the major ones being iron & steel, cottontextiles, engineering, infrastructure, real estate, etc.

The Bank has primarily helped genuine borrowers who suffered fromtemporary cash flow problems due to the global crisis. These accounts arerestructured looking into the internal strength and the financial viability ofsuch borrowers.


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Sectoral Deployment ofCredit at endSectoral Deployment ofCredit at end--Sept, 2010Sept, 2010

Sector % share in GrossDomestic Credit

Agriculture 15.0

Retail 18.9

SME 16.3

Wholesale 36.3

Miscellaneous 13.5

Total 100.0%


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Economic OutlookEconomic Outlook

The IMF forecasts global output to increase by 4.8% in 2010 and by 4.2% in2011 reflecting a temporary slowdown spanning the second half of this year.

It has revised upwards Indias economic growth forecast for 2010 from 9.4% to9.7% citing strengthening local consumer demand.

However, it has maintained its 2011 economic growth forecast for India at8.4%.

Indian policymakers project Indias economy to expand by 8.0% to 8.5% inFY11.

While a good harvest season augurs well for domestic consumption, inflationinertia and appreciating rupee pose significant challenges for policymakers.

Credit growth is still not highly broad-based and is expected to stay in theband of 18% to 20% for the banking industry in FY11.

Slow pace of deposit mobilisation and large IPO issues have created short-term tightness in liquidity and pressure on short term interest rates.

Busy season of H2, FY11 & continuation of tightening cycle are supportive ofan upward bias in long-term interest rates.

Banks will continue to focus on the CASA franchise and recovery from the nonperforming loans.

Pressures on asset quality have eased on the back of improving ratingupgrades for the corporates.


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Banks Guidance & VisionBanks Guidance & Vision

The Bank would continue with its thrust on sustainable & qualitativegrowth --

Would maintain its growth above the industry average to steadilyexpand the market share. From Sep07 to Sep10, the Banks marketshare in Deposits has gone up from 3.62% to 3.65% and in Advancesfrom 3.45% to 3.71%.

The Bank would grow its deposits in the band of 20% to 22.0%; credit in the

range of 23.0% to 24.0%, fee-based income in line with the loan-book andoverall profitability by 25.0%, factoring in various downside risks stemmingfrom the economic environment.

The Bank is building Strong Foundation for Future Growth by

working aggressively on enhancing the HR capabilities

working in a dedicated fashion on its BPR project in consultation with

Mckinsey & Co.

focusing on development of marketing and sales & service culture

expanding the market share in both Indian and overseas territories

raising capital at every appropriate opportunity


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Banks BPRProjectBanks BPRProject -- NavnirmaanNavnirmaan

Roadmap of the Project Navnirmaan

Design : 4 Months

Pilot & Execution: 5 to 12 months

Roll-Out: 2 to 3 years

Project Navnirmaan has already entered the Implementation stage

There are in all 18 activities underway focusing on superior

customer experience, customer convenience, capacity building ofemployees & leveraging technology.

As a part of rollout, all branches at metro & urban centres shall bebrought under the new model of Baroda Next branch

Training system is being revamped and an Academy of Excellenceis being created to meet the soft skill requirement of the employeesbesides developing a pipeline of business leaders

Organisational restructuring is being undertaken to align the Bankwith redesigned processes and prepare it for the challenges ofambitious growth


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Banks HRInitiativesBanks HRInitiatives

Recruitment during FY11

Probationary Officers 1,200Specialist Officers (in various specialised disciplines) 345

Clerks 2,000 (in progress)

Campus Recruitment 616

(Bank visited nearly 75 institutes including some of the premier Business schools of

the country)

Total New Hires Joining BoB in FY11 : 4,161

Tentative Recruitment Plans for FY12

Probationary Officers 1,500

Campus Recruitment around 800

Specialist officers (in various disciplines) 200

Clerks 1,700

New Hires Planned for Recruitment in FY12: 4,200

Bank has launched two massive Leadership Development Programmes for 1,200 of its

branch heads, 300 AGMs/DGMs unparalleled in industry & first of its kind for an Indian

state-owned Bank.


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Thank you.

Bob Analystsq2h1 Fy11

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