COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

HISTORY:
The Bank was incorporated in 1931 as Travancore Federal Bank Limited to cater to the banking needs of Travancore Province by a small group of local citizens. It embarked on a phase of sustained growth under the leadership of K.P. Hormist. The bank along with six other banks co-promoted Bharat Overseas Bank Ltd.

1949 - The Board of Directors of the Bank was reconstituted and fresh Articles of Association were adopted and the Bank was renamed as The Federal Bank Limited.

1993 - During March, the bank issued 25,25,000 No. of equity shares of Rs 10 each at a premium of Rs 25 per share in proportion 1:2. Another 5,25,000 No. of equity shares were offered to the employees on an equity basis. Only 30,47,894 shares of the above taken up (2,106 shares kept in abeyance). Another 30,00,000 No. of equity shares were allotted at a prem. of Rs 30 per share to ICICI associates companies.

1994 - During March, the company offered to the public 35,45,500 shares at a prem. of Rs 80 per share. Additional 1,72,600 shares were allotted to retain oversubscription. During January 1996, the bank issued 74,08,122 rights equity shares (prem. Rs 140; prop. 1:2) 73,51,734 shares taken up.

1995 - 50,50,000 No. of equity shares were issued and paid-up of which 3,318 No. of equity shares were issued for consideration other than cash on 27.1.1965 to shareholders of erstwhile St. George Union Bank Ltd., Puthenpully, Kerala.

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

1996 - The Company undertook as 3 year Information Technology Strategic Plan 2000 for automating its branches in a phased programme.

1999 - As part of its plan to widen the retail credit portfolio, the Aluva-based Federal Bank has launched three new schemes to promote travel and tourism, fund short and long-term needs of the trading community and to finance payments of premium of LIC's Bima Nivesh. Federal Bank, one of the country's old private banks, opened its first specialised branch for asset recovery in Mumbai on December 16, '99.The Bank has also set up a target of Rs 86 crore in the current year for the recovery of the non-performing assets (NPAs).The bank has set up an asset recovery department at it corporate office at Alwaye and strengthened asset recovery cells at regional offices.

2000 - Federal Bank is to foray into internet banking and E-commerce in the month April. The Bank will be he first among the old private sector banks in the country to diversify into internet banking.The Bank has entered into marketing pacts with some commercial agencies for its E-commerce business.

2001 - The Aluva-based Federal Bank has tied up with Escotel Communications to launch mobile banking services using SMS technology.Federal Bank has launched a new deposit scheme christened as `Suraksha' for senior citizens.

2005-JRG Securities Ltd has forged alliance with Federal Bank Ltd for providing loans for subscribing to initial public offers (IPOs).FedBank gets award for best use of IT.Federal Bank keen on merger with southern entity

2006-Federal Bank to acquire Ganesh Bank.Federal Bank rolls out savings deposit
2

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

schemes.Federal Bank gets banking tech awards.Federal Bank bags YMCA award.IDBI Bank, Fortis join Federal Bank for risk JV

2007-The company has issued rights in the ratio of 1:1 at a premium of Rs.240/Per Share.Federal Bank buys stake in LVB, South Indian.Federal Bank to set up office in Abu Dhabi

2008-Federal Bank Ltd has informed that Reserve Bank of India vide letter dated July 08, 2008 approved the appointment of Shri. P R Kalyanaraman, Executive Director as Whole Time Director of the Bank for a period of 3 years w.e.f. January 03, 2008.

2010- Federal Bank unveiled FedSelect, a premium product for their high networth individual (HNI) customers.Shyam Srinivasan has taken charge as the Managing Director & CEO of Federal Bank with effect from September 23. Federal Bank Ltd has appointed Shri. Shyam Srinivasan as Managing Director & Chief Executive Officer of the Bank

VISION:
Become the dominant numero uno bank in Kerala and a leading player in target markets.Be the trusted partner of choice for target (SME, Retail, NRI) customers. Be a customer-centric organisation setting the benchmarks for service. Offer innovative yet simple products supported by the state-of-the art technology. Have a dynamic and energised workforce with a strong sense of belonging.

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Deliver top tier financial performance and superior value to stakeholders. Be a role model for corporate governance and social responsibility.

MISSION:
Devote balanced attention to the interests and expectations of stakeholders, and in particular: Shareholders: Achieve a consistent annual post-tax return of at least 20% on net worth. Employees: Develop in every employee a high degree of pride and loyalty in serving the Bank. Customers: Meet and even exceed expectations of target customers by delivering appropriate products and services, employing, as far as feasible, the single-window and 24-hour-seven-day-week concepts, leveraging strengthened branch

infrastructure, ATMs, and other alternative distribution channels, cross-selling a range of products and services to meet customer needs varying over time, and ensuring the highest standards of service at all times

Corporate Social Responsibility For Federal Bank, Corporate Social Responsibility (CSR) has been an inherited and inbuilt element of its fundamentals right from the day the bank was founded. Our Founder's values and ethos based on trust got embedded in the bank's policies and principles which reflect on its day to day business. CSR in Federal Bank began with the first act of cultivating banking habits in an agrarian society - to effectively utilize idle money for productive purposes. Creating employment opportunity for a predominantly farming community was phase two.
4

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

FUTURE:
We are the fourth largest bank in India in terms of capital base and can easily boast of a Capital Adequacy Ratio of 17.23 %, one of the highest in the industry. This along with the existence in a highly regulated environment has helped the bank to tide over the recession with minimum impact to its financial stability. In fact we have been expanding organically over the past few months. We believe in extending our reach to our customers by making our services available to all, 24x7. We have Branches and ATMs across India in addition to the Representative Office at Abu Dhabi that serves as a nerve centre for the NRI customers in UAE. We are transforming ourselves, keeping our principles in tact, into an organisation that offers service beyond par. Being in the service industry we are conscious of our surroundings and what happens in the society.

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

MANAGEMENT
Name Abraham Chacko Abraham Koshy Ashutosh Khajuria C P Mohandas Girish Kumar Ganapathy Girish Kumar Ganapathy Jolly Antony K Krishnakumar K S Mohan M Y Khan Nilesh Shivji Vikamsey P C Cyriac P C John Shyam Srinivasan Shyam Srinivasan Suresh Kumar T C Nair Designation Executive Director Director President - Treasury General Manager Company Secretary & Compliance Officer Secretary General Manager Asst. General Manager General Manager Director Director Chairman / Chair Person Executive Director & CFO CEO Managing Director & CEO Director Director

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

T Ommen Benjamin T S Jagadeesan

General Manager Chief General Manager

COMPANY BACKGROUND
The Background page of Federal Bank Ltd. captures the details on Company's Industry, Incorporation Date, Face Value, Registered Address, Web Site, Registrar, and Auditors information. Industry Name: Finance - Banks - Private Face Value: 10.0 ISIN: INE171A01011 Sector Market Lot: 1 House Name: Not Applicable Incorporation Date: 23/05/1931 Registered Address Registrar

P O Box No 103, Federal Towers City:Alwaye State:Kerala Pincode:683101 Email ID:secretarial@federalbank.co.in Web Url:http://www.federalbank.co.in

Integrated Enterprises (India) Ltd. 5A, 5th Floor, Kences Towers, No. 1, Ramakrishna Street, North Usman Road, City:Chennai (Madras) State:Tamil Nadu Pincode:600017 Auditor Varma & Varma,

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

AWARDS AND ACCOLADES

The Bank has also won awards in 2 categories from the Kerala Management Association in 2011 - Innovative Cost Management Measures and Excellence in House Magazine.

The Bank has won the Blue Dart World CSR Day - Global CSR Award for Best Corporate Social Responsibility Practice Overall. The Bank was ranked as the Best Bank among old private sector banks in 2010, by Financial Express.

The bank was ranked 497th bank in the world by "The Banker", the Internatinal Financial Affairs publication edited from London, in their July 2011 edition.

The Golden Peacock Award, a prestigious award instituted by The

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Golden Peacock Awards Secretariat (GPAS), on the CSR front was awarded to us in this fiscal year.

PRODUCTS AND SERVICES

Savings Bank Current Accounts Deposits Loans Safe Deposit Lockers Debit-Cards GiftCard Travel Card - Cash Passport Funds Transfer Demat Accounts Online Healthcare Portal Federal Pure Gold Mutual Fund

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Payment Gateway Mobile Banking- FedMobile Internet Banking-FedNet Insurance Products

CASH FLOW
Particulars Mar'12 Mar'11 Mar'10 Mar'09 Mar'08

Profit Before Tax Net Cash Flows from Operating Activity Net Cash Used in Investing Activity

1,506.48 1,427.25 1,264.85 1,259.77 794.12 227.10 1,268.50 -555.25 918.11 1,525.86 -137.47

-273.87

-144.21

-58.73

-155.76

Net Cash Used in Financing -168.98 Activity Net Inc/Dec in Cash and Cash Equivalent -215.75

-99.38

-99.73

-70.74

2,095.68

1,024.91 -713.71

691.61

432.35

Cash and Cash Equivalent - 3,748.30 2,723.39 3,437.09 2,745.49 2,313.14 Beginning of the Year

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Cash and Equivalent - End of the Year

3,532.55 3,748.30 2,723.39 3,437.09 2,745.49

BALANCE SHEET AS ON 31st MARCH, 2012 -federal bank

PARTICULARS CAPITAL & LIABILITIES CAPITAL Reserves and Surplus Deposits Borrowings Other Liabilities and Provisions TOTAL ASSETS Cash and Balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice 7 1108,40,48 813,25,04 6 2424,14,66 2935,05,31 1 2 3 4 5 1,71,04,71 5535,27,98 48937,12,21 4241,03,41 1742,28,90 60626,77,21 1,71,04,71 4937,61,46 43014,78,06 1888,36,26 1444,55,93 51456,36,42
SCHEDULE NO.

AS ON 31-03-2012

AS ON 31-03-2011

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Investments Advances Fixed Assets Other Assets TOTAL Contingent Liabilities Bills for Collection

8 9 10 11

17402,48,77 37755,98,59 326,13,92 1609,60,79 60626,77,21

14537,67,50 31953,23,37 289,81,68 927,33,52 51456,36,42 22112,74,97 912,52,04

12

35849,40,40 1189,31,40

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2012

PARTICULARS 1) INCOME Interest Earned Other Income TOTAL 2) EXPENDITURE Interest Expended Operating Expenses Provisions and Contingencies TOTAL 3) PROFIT / LOSS Net Profit for the year Profit / Loss () brought forward TOTAL

SCHEDULE AS ON NO. 31-03-2012

AS ON 31-03-2011

13 14

5558,3924 532,34,32 6090,73,56

4052,02,83 516,81,41 4568,84,24

15 16

3604,98,51 979,27,31 729,67,79 5313,93,61

2305,44,96 836,13,91 840,17,05 3981,75,92

776,79,95 25,77,66 802,57,61

587,08,32 23,13,93 610,22,25

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

4) APPROPRIATIONS Statutory Reserves Revenue Reserves Capital reserves General reserves Special Reserves u/s 36(1) (viii) of Income Tax Act 1961 Proposed Final Dividend (inclusive of Dividend Distribution Tax of ` 37.11 Cr, Provision for dividend Balance carried over to balance sheet Total Earning per share 153,94,24 145,39,00 194,20,00 98,88,00 5,40,17 0 28,50,00 146,80,00 232,11,00 0 0 36,56,00

24,97,33 296,67,87 802,57,61 45.41

23,58,59 25,77,66 610,22,25 34.32

SCHEDULES
SCHEDULE-1: CAPITAL
PARTICULAR AS ON 31-03-2012 AUTHORISED CAPITAL 300,00,00,000 Equity Shares of ` 10 each 200,00,00 AS ON 31-03-2011 200,00,00

1) ISSUED, SUBSCRIBED, CALLED &

PAID UP CAPITAL

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Opening Balance Additions during the year Equity Shares of ` 10/- each issued during the year. Total number of Shares held by Central Government is 39,82,85,671 2) Perpetual Non-Cumulative Preference Share (PNCPS) TOTAL(1+2)

17,13,179

171,31,79

171,04,75

171,04,75

SCHEDULE-3: DEPOSITS
PARTICULARS AS ON 31-03-2012 A I Demand Deposits From Banks From Others II Savings Bank Deposits 12,69,97 2533,20,98 10929,94,57 142,68,91 2263,11,94 9148,29,02 AS ON 31-03-2011

III Term Deposits From Banks From Others TOTAL A (I+II+III) B Deposits of Branches in India Deposits of Branches outside India TOTAL (A+B) 476,20,50 39485,06,19 49837,12,21 48937,12,21 nil 48937,12,21 199,20,23 31261,47,96 43014,78,06 43014,78,06 Nil 43014,78,06

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

SCHEDULES-4 : BORROWINGS
PARTICULARS AS ON 31-03-2012 I i) ii) iii) iv) Borrowings in India Reserve Bank of India Other Banks Other Institutions and Agencies Innovative Perpetual Debt Instruments (IPDI) v) Hybrid debt capital instruments issued as bonds /debentures vi) Perpetual Cumulative Preference Shares (PCPS) vii) Redeemable Cumulative Preference Shares (RCPS) viii) Subordinated Debt ix) II TOTAL Borrowings outside India TOTAL (I + II) 306,00,00 2912,17,33 1328,86,08 4241,03,41 306,00,00 1823,29,17 65,07,09 1888,36,26 0 0 0 0 0 0 2516,17,33 0 1417,29,17 0 0 90,00,00 AS ON 31-03-2011 0 100,00,00

SCHEDULES-5: OTHER LIABILITIES AND PROVISIONS

PARTICULARS AS ON 31-03-2012 AS ON 31-03-2011
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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

I II

Bills Payable Inter-Office Adjustments (Net)

20,51,90 163,68,47 165,85,32 64,19,00

24,29,70 182,36,54 149,23,10

III INTEREST ACCRUED IV CONTINGENT PROVISION AGAINST STANDARD ASSETS V Others (including provisions) TOTAL (I+II+III+IV+V)

1228,04,21 1742,28,90

1088,66,59 1444,55,93

SCHEDULE-6: CASH AND BALANCES WITH RBI

PARTICULARS AS ON 31-03-2012 I Cash in hand (including foreign currency notes) II Balances with Reserve Bank of India In Current Account In Other Accounts TOTAL (I+II) 2028,30,23 0 2424,14,66 2602,38,42 0 2935,05,31 395,84,43 AS ON 31-03-2011 332,66,89

SCHEDULE 7: BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
PARTICULARS AS ON AS ON

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

31-03-2012 I i) In India Balances with Banks Current Accounts in other Deposit Accounts ii) Money at Call and Short Notice with banks with other institutions Total II i) ii) Outside India in Current Accounts in other Deposit Accounts 13,37,64 127,18,75 0 140,56,39 1108,40,48 100,00,00 404,57,07 967,84,09 40,09,02 423,18,00

31-03-2011

40,16,13 273,67,20

399,72,13 0 713,55,46

32,80,33 66,89,25 0 99,69,58 813,25,04

iii) Money at Call and Short Notice Total TOTAL (I + II)

SCHEDULE 8: INVESTMENTS
Particulars As on 31-03-2012 I Investments in India (gross) Less: provision for depreciation Total Government securities Other approved securities Shares 190,72,92 17453,85,45 51,36,68 17402,48,77 11531,24,13 As on 31-03-2011 14554,17,96 16,50,46 14537,67,50 9964,52,93 35,74 168,06,61
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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Debentures and bonds Subsidiaries and/or associates Others Total II Investments outside India (gross)

960,35,02 395,92,00 4324,24,70 17402,48,77 nil

605,34,48 217,00,00 3582,37,74 14537,67,50 Nil

SCHEDULE 11-OTHER ASSETS

PARTICULARS As on 31-03-2012 I) II) III) Inter-Office Adjustments (Net) Interest accrued Tax paid in advance/tax deducted at source (net of provisions) IV) V) Stationery and Stamps Non-banking assets acquired in satisfaction of claims (Net of Depreciation) VI) Others TOTAL (I+II+III+IV+V+VI) 83,81,90 1609,60,79 301,26,45 927,33,45 3,10,61 3,05,01 1,50,00 399,50,24 620,48,86 2,69,18 As on 31-03-2011 280,41,36 338,48,01 2,62,69

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

SCHEDULE 12-CONTINGENT LIABILITIES PARTICULARS

I) Claims against the bank not acknowledged as debts II) Liability for partly paid Investments/venture fund 58,38,16 III) Liability on account of outstanding forward exchange contracts IV) Guarantee given on behalf of constituents -IN INDIA -IN OUTSIDE INDIA V) Acceptances, endorsements and other obligations VI) Other items for which bank is contingently liable - Estimated amount of contracts remaining to be executed on capital accounts not provided for -Others TOTAL (I+II+III+IV+V+VI) 35849,40,40 22112,74,97 34,52,05 34,61,16 1188,48,26 1568,27,47 3533,64,90 3739,03,73 30431,60,64 16163,50,63 As on 31-03-2012 661,14,55 As on 31-03-2011 613,31,98

SCHEDULE 13-INTEREST EARNED PARTICULARS

As on As on

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

31-03-2012 I II III Interest/Discount on Advances/Bills Income on investments 4189,76,37 1315,73,76

31-03-2011 3168,80,24 868,03,04 10,59,78

Interest on balances with Reserve Bank 34,8836 of India and other inter bank funds

IV

Others TOTAL (I+II+III+IV)

18,00,75 5558,39,24

4,59,77 4052,02,83

SCHEDULE 14: OTHER INCOME PARTICULARS

I) II) Commission, Exchange and Brokerage Profit on sale of investments Less: Loss on sale of investments III) Profit on sale of land, buildings & other assets Less: Loss on sale of land, buildings & other assets IV) Profit on Exchange Transactions Loss on Exchange Transactions V) Income earned by way of dividend 5,12,46 109,03,88 3,52,36 159,75,15 84,20,86 57,22,90 As on 31-03-2012 251,56,90 82,07,06 0 33,16 As on 31-03-2011 250,22,42 45,75,89 0 32,69

VI) Miscellaneous Income

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

TOTAL (I+II+III+IV+V+VI)

532,34,32

159,75,15

SCHEDULE 15: INTEREST EXPENDED PARTICULARS

I) II) Interest on Deposits Interest on Reserve Bank of India/Inter Bank borrowings III) Others Total(I+II+III) 225,15,86 3604,98,51 133,60,01 2305,44,96 As on 31-03-2012 3331,28,00 48,54,65 As on 31-03-2011 2161,98,20 9,86,75

SCHEDULE 16: OPERATING EXPENSES PARTICULARS

I) II) III) IV) V) VI) VII) Payments to and provisions for employees Rent, taxes and lighting Printing and stationery Advertisement and publicity Depreciation on bank's property Directors' fees, allowances and expenses Auditors' fees and expenses (including branch auditors) VIII) Law charges IX) Postage, telegrams, telephones etc. 4,96,44 27,61,89 5,36,41 18,86,85
21

As on 31-03-2012 543,85,38 94,81,28 10,36,90 16,05,10 56,66,45 69,64 3,03,69

As on 31-03-2011 480,41,33 79,59,52 10,16,38 18,12,37 54,25,56 70,85 2,83,52

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

X) XI) XII)

Repairs and maintenance Insurance Other expenditure Total(I+II+III+IV+V+VI+VII+VIII+IX+X +XI+XII)

37,32,19 43,53,71 140,34,64 1979,27,31

23,03,99 35,84,70 106,92,43 836,13,01

BANK OF BARODA
HISTORY
1908-1959 In 1908, Maharaja Sayajirao Gaekwad III Maratha of the Maratha Empire set up the Bank of Baroda (BoB). Two years later, BoB established its first branch in Ahmedabad. The bank grew domestically, until after World War II. Then in 1953 it crossed the Indian Ocean to serve the communities of Indians in Kenya and Indians in Uganda by establishing a branch each

in Mombasaand Kampala. The next year it opened a second branch in Kenya, in Nairobi, and in 1956 it opened a branch in Dar-es-Salaam. Then in 1957 BoB took a giant step abroad by establishing a branch in London. London was the center of the British Commonwealth and the most important international banking
22

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

centre. 1959 saw BoB complete its first domestic acquisition when it took over Hind Bank. 1960s In 1961, BoB merged in New Citizen Bank of India. This merger helped it increase its branch network in Maharashtra. BoB also opened a branch in Fiji. The next year it opened a branch inMauritius. In 1963, BoB acquired Surat Banking Corporation in Surat, Gujarat. The next year BoB acquired two banks: Umbergaon Peoples Bank in southern Gujarat and Tamil Nadu Central Bank in Tamil Nadu state. In 1965, BoB opened a branch in Guyana. That same year BoB lost its branch in Narayanjanj (East Pakistan) due to the Indo-Pakistani War of 1965. It is unclear when BoB had opened the branch. In 1967 it suffered a second loss of branches when the Tanzanian government nationalized BoBs three branches there (Dar es Salaam, Mwanga, and Moshi), and transferred their operations to the Tanzanian government-owned National Banking Corporation. In 1969 the Indian government nationalized 14 top banks, including BoB. BoB incorporated its operations in Uganda as a 51% subsidiary, with the government owning the rest. 1970s In 1972, BoB acquired Bank of Indias operations in Uganda. Two years later, BoB opened a branch each in Dubai and Abu Dhabi. Back in India, in 1975, BoB acquired the majority shareholding and management control of Bareilly Corporation Bank (est. 1928) and Nainital Bank (est. in 1954), both in Uttar Pradesh. Since then, Nainital Bank has expanded

to Uttarakhand state. International expansion continued in 1976 with the opening of a branch in Oman and another in Brussels. The Brussels branch was aimed at Indian firms
23

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

from Mumbai (Bombay) engaged in diamond cutting and jewellery having business in Antwerp, a major center for diamond cutting. Two years later, BoB opened a branch in New York and another in the Seychelles. Then in 1979, BoB opened a branch in Nassau, the Bahamas. 1980s In 1980, BoB opened a branch in Bahrain and a representative office in Sydney, Australia. BoB, Union Bank of India and Indian Bank established IUB

International Finance, a licensed deposit taker, in Hong Kong. Each of the three banks took an equal share. Eventually (in 1998), BoB would buy out its partners. A second consortium or joint-ventrue bank followed in 1985. BoB (20%), Bank of India (20%), Central Bank of India (20%) and ZIMCO (Zambian government; 40%) established Indo-Zambia Bankin Lusaka. That same year BoB also opened an Offshore Banking Unit (OBU) in Bahrain. Back in India, in 1988, BoB acquired Traders Bank, which had a network of 34 branches in Delhi. 1990s In 1990, BoB opened an OBU in Mauritius, but closed its representative office in Sydney. The next year BoB took over the London branches of Union Bank of India and Punjab & Sind Bank(P&S). P&Ss branch had been established before 1970 and Union Banks after 1980. The Reserve Bank of India ordered the takeover of the two following the banks' involvement in the Sethia fraud in 1987 and subsequent losses. Then in 1992 BoB incorporated its operations in Kenya into a local subsidiary with a small tranche of shares quoted on the Nairobi Stock Exchange. The next year, BoB closed its OBU in Bahrain.

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

In 1996, BoB Bank entered the capital market in December with an Initial Public Offering (IPO). The Government of India is still the largest shareholder, owning 66% of the bank's equity. In 1997, BoB opened a branch in Durban. The next year BoB bought out its partners in IUB International Finance in Hong Kong. Apparently this was a response to regulatory changes following Hong Kongs reversion to the Peoples Republic of China. The now wholly owned subsidiary became Bank of Baroda (Hong Kong), a restricted license bank. BoB also acquired Punjab Cooperative Bank in a rescue. BoB incorporate wholly owned subsidiary BOB Capital Markets Ltd. for broking business. In 1999, BoB merged in Bareilly Corporation Bank in another rescue. At the time, Bareilly had 64 branches, including four in Delhi. In Guyana, BoB incorporated its branch as a subsidiary, Bank of Baroda Guyana. BoB added a branch in Mauritius and closed its Harrow Branch in London. 2000s 2000: BoB established Bank of Baroda (Botswana). 2002: BoB acquired Benares State Bank (BSB) at the Reserve Bank of Indias request. BSB was established in 1946 but traced its origins back to 1871 and its function as the treasury office of the Benares state. In 1964, BSB had acquired Bareilly Bank (est. 1934), with seven branches; it also had taken over Lucknow Bank in 1968. The acquisition of BSB brought BoB 105 new branches. 2002: Bank of Baroda (Uganda) was listed on the Uganda Securities

Exchange (USE). 2003: BoB opened an OBU in Mumbai. 2004: BoB acquired the failed Gujarat Local Area Bank, and returned to Tanzania by establishing a subsidiary in Dar-es-Salaam. BoB also opened a representative office each in Kuala Lumpur, Malaysia, and Guangdong, China.
25

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

2005: BoB built a Global Data Centre (DC) in Mumbai for running its centralized banking solution (CBS) and other applications in more than 1,900 branches across India and 20 other counties where the bank operates. BoB also opened a representative office in Thailand. 2006: BoB established an Offshrore Banking Unit (OBU) in Singapore. 2007: In its centenary year, BoBs total business crossed 2.09 lakh crores, its branches crossed 1000, and its global customer base 29 million people. 2008: BoB opened a branch in Guangzhou, China (02/08/2008) and in Kenton, Harrow United Kingdom. BoB opened a joint venture life insurance company with Andhra Bank and Legal and General (UK) called IndiaFirst Life Insurance Company. 2010s In 2010, Malaysia awarded a commercial banking license to a locally incorporated bank to be jointly owned by Bank of Baroda, Indian Overseas Bank and Andhra Bank. That same year, BoB also opened a branch in New Zealand. In 2011, BoB opened an Electronic Banking Service Unit (EBSU) was opened at Hamriya Free Zone, Sharjah (UAE). It also opened four new branches in existing operations in Uganda, Kenya (2), and Guyana. BoB closed its representative office in Malaysia in anticipation of the opening of its consortium bank there. BoB received In Principle approval for the upgrading of its representative office in Australia to a branch. The Malaysian consortium bank, India International Bank Malaysia (IIBM), finally opened in Kuala Lumpur, which has a large population of Indians. BOB owns 40%, Andhra Bank owns 25%, and IOB the remaining 35% of the share capital. IIBM seeks to open five branches within its first year of operations in Malaysia, and intends to grow to 15 branches within the next three years.

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

MISSION AND VISION

Mission
To be a top ranking National Bank of International Standards committed to augmenting stake holders' value through concern, care and competence.

Vision
The Bank aspires to regain the leadership spot in the public sector banking, deploying the most modern technology and pursuing global best practices for affording world-class banking experience and best value to its customers. Towards this, the Bank seeks to: Double its global business size (deposits + advances) within the next 2-3years Acquire at least 2 million customers every year.

27

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

MANAGEMENT
Name A K Gupta Ajay Mathur Alok Nigam Animesh Chauhan Arun Shrivastava Arun Tiwari B B Garg B Elango C D Kalkar Designation General Manager Director Director General Manager General Manager General Manager General Manager Asst. General Manager - Corp. A/cs & Taxation General Manager

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Cyril Patro D K Garg J D Parmar J Ramesh K K Shukla K N Manvi K P Kharat K Venkata Rama Moorthy M D Mallya

General Manager General Manager General Manager General Manager General Manager General Manager General Manager General Manager CEO

COMPANY BACKGROUND
The Background page of Bank of Barod. captures the details on Company's Industry, Incorporation Date, Face Value, Registered Address, Web Site, Registrar, and Auditors information. Industry Name: Finance - Banks - Public Sector House Name: Public Sector Market Lot: 1 Incorporation Date: Registered Address Registrar Face Value: 10.0 ISIN: INE028A01013

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Baroda House, Mandvi, City:Vadodra State:Gujarat Pincode:390006 Email ID:investorservices@bankofbaroda.com Web Url:http://www.bankofbaroda.com

Karvy Computershare Private Ltd. Plot No.17-24, Vittalrao Nagar, Madhapur City:Hyderabad State:Andhra Pradesh Pincode:500081 Auditor Brahmayya & Co., Khimji Kunverji & Co., Laxminiwas Neeth & Co, NBS & Co, Ray & Ray, S K Mittal & Co.,

PRODUCT AND SERVICES OF BANK OF BARODA

Wholesal banking Deposit products Saving deposit Current deposit Fixed deposit Loan products Internet banking
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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Demat account NRI service Atm/debit cards Mobile banking Rural banking Treasury services

BALANCE SHEET AS ON 31st MARCH, 2012 - BANK OF BARODA

PARTICULARS CAPITAL & LIABILITIES CAPITAL Reserves and Surplus Deposits Borrowings Other Liabilities and Provisions TOTAL 1 2 3 4 5 412,38,46 27064,46,61 329,80,73 20650,72,58
SCHEDULE NO.

AS ON 31-03-2012

AS ON 31-03-2011

384871,10,59 305439,48,19 23573,05,12 11400,45,92 22307,85,48 9606,30,56

447321,46,70 358397,17,54

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

ASSETS Cash and Balances with Reserve Bank of India Balances with Banks and Money at Call and Short Notice Investments Advances Fixed Assets Other Assets TOTAL Contingent Liabilities Bills for Collection 12 8 9 10 11 83209,40,01 71396,59,21 7 42517,08,16 30065,88,89 6 21651,45,96 19868,17,89

287377,29,35 228676,36,09 2341,50,20 10224,73,02 2299,71,83 6090,43,63

447321,46,70 358397,17,54 152502,81,31 127163,87,03 22766,99,37 18844,71,94

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31st MARCH, 2012

PARTICULARS 1) INCOME Interest Earned Other Income TOTAL 2) EXPENDITURE

SCHEDULE AS ON NO. 31-03-2012

AS ON 31-03-2011

13 14

29673,72,42 21885,91,56 3422,32,82 2809,18,60

33096,05,24 24695,10,16

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Interest Expended Operating Expenses Provisions and Contingencies TOTAL 3) PROFIT / LOSS Net Profit for the year Available for appropriation TOTAL 4) APPROPRIATIONS Statutory Reserves Statutory Reserves(foreign) Capital reserves General reserves Special Reserves u/s 36(1) (viii) of Income Tax Act 1961 Proposed Final Dividend (inclusive of Dividend Distribution Tax of ` 37.11 Cr, Investment reserve account Total Earnings per share

15 16

19356,71,23 13083,65,77 5158,71,73 3573,66,66 4629,83,49 2739,92,93

28089,09,62 20453,42,19

5006,95,62

4241,67,97

5006,95,62

4241,67,97

1251,73,91 1,55,80 22,39,86 2453,86,08 533,84,66

1060,41,99 2,46,92 20,99,56 2100,45,56 335,39,00

812,29,04

753,35,20

(68,73,73) 5006,95,62 127.84

(31,40,26) 4241,67,97 116.37

SCHEDULES
SCHEDULE-1: CAPITAL

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

PARTICULAR

AS ON 31-03-2012

AS ON 31-03-2011 3000,00,00

AUTHORISED CAPITAL 300,00,00,000 Equity Shares of ` 10 each

3000,00,00

1) ISSUED, SUBSCRIBED, CALLED &

PAID UP CAPITAL Opening Balance Additions during the year Equity Shares of ` 10/- each issued during the year. Total number of Shares held by Central Government is 39,82,85,671 2) Perpetual Non-Cumulative Preference Share (PNCPS) Called up capital Add forfeited share TOTAL 411,12,34 1,26,12 412,38,46 391,54.61 1,26,12 392,80,73 413,85,69 394,27,96

SCHEDULE-3: DEPOSITS
PARTICULARS AS ON 31-03-2012 A I Demand Deposits From Banks From Others II Savings Bank Deposits 1124,43,94 27819,92,29 74579,52,82 875,98,04 22258,68,51 644454,03,09 AS ON 31-03-2011

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

III Term Deposits From Banks From Others TOTAL A (I+II+III) B Deposits of Branches in India Deposits of Branches outside India TOTAL (A+B) 52907,06,49 2228440,15,05 384871,10,59 280135,25,38 104735,85,21 384871,10,59 41032,90,53 176817,88,02 305439,48,19 233323,30,01 72116,18,18 305439,48,19

SCHEDULES-4 : BORROWINGS
PARTICULARS AS ON 31-03-2012 I i) ii) iii) iv) Borrowings in India Reserve Bank of India Other Banks Other Institutions and Agencies Innovative Perpetual Debt Instruments (IPDI) v) Hybrid debt capital instruments issued as bonds /debentures vi) Perpetual Cumulative Preference Shares (PCPS) vii) Redeemable Cumulative Preference Shares (RCPS) viii) Subordinated Debt ix) TOTAL 2490,00,00 9979,91,18 2490,00,00 10337,74,98 0 0 0 0 5000,00,00 5000,00,00 168,00,19 410,20,99 1911,70,00 0 AS ON 31-03-2011 0 350,00,00 114,48,74 471,56,24 1911,70,00

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

II

Borrowings outside India TOTAL (I + II)

13593,13,94 11970,10,50 23573,05,12 22307,85,48

SCHEDULES-5: OTHER LIABILITIES AND PROVISIONS

PARTICULARS AS ON 31-03-2012 I II Bills Payable Inter-Office Adjustments (Net) 2805,96,51 1390,06,06 2138,29,54 911,35,00 1366,84,43 AS ON 31-03-2011 1651,81,07

III INTEREST ACCRUED IV CONTINGENT PROVISION AGAINST STANDARD ASSETS V Others (including provisions) TOTAL (I+II+III+IV+V)

5837,58,92 11400,45,92

4904,84,95 9606,30,56

SCHEDULE-6: CASH AND BALANCES WITH RBI

PARTICULARS AS ON 31-03-2012 I Cash in hand (including foreign currency notes) II Balances with Reserve Bank of India 1200,78,63 AS ON 31-03-2011 1357,06,76

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

In Current Account In Other Accounts TOTAL (I+II)

20450,67,33 0 21651,45,96

18511,11,13 0 19868,17,89

SCHEDULE 7: BALANCES WITH BANKS AND MONEY AT CALL AND SHORT NOTICE
PARTICULARS AS ON 31-03-2012 I i) In India Balances with Banks Current Accounts in other Deposit Accounts ii) Money at Call and Short Notice with banks with other institutions Total II i) ii) Outside India in Current Accounts in other Deposit Accounts 7773,20,19 15668,49,67 15216,72,11 38658,41,97 42517,08,97 4869,00,14 11276,17,90 12153,14,93 28298,32,97 30065,88,89 3858,66,19 17,67,55,92 50,00,00 254,43,24 3554,22,95 247,67,89 1519,88,03 AS ON 31-03-2011

iii) Money at Call and Short Notice Total TOTAL (I + II)

SCHEDULE 8: INVESTMENTS
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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Particulars

As on 31-03-2012

As on 31-03-2011 3739,46,94 143,21,17 3596,25,77 916,44,02

Investments in India (gross) Less: provision for depreciation Total Government securities Other approved securities Shares Debentures and bonds Subsidiaries and/or associates Others Total

4094,48,61 150,08,03 3944,40,58 1059,64,08

2347,41,76 537,34,76 4324,24,70 83209,40,01 nil

2277,27,36 402,54,39 3582,37,74 71396,59,21 Nil

II

Investments outside India (gross)

SCHEDULE 11-OTHER ASSETS

PARTICULARS As on 31-03-2012 I) II) III) Inter-Office Adjustments (Net) Interest accrued Tax paid in advance/tax deducted at 354,64,99 3515,91,88 1993,11,31 As on 31-03-2011 274,24,46 2433,59,22 1316,28,35
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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

source (net of provisions) IV) V) Stationery and Stamps Non-banking assets acquired in satisfaction of claims (Net of Depreciation) VI) Others TOTAL (I+II+III+IV+V+VI) 4353,97,51 10224,73,02 2059,23,32 6090,43,63 7,07,33 7,08,28

SCHEDULE 12-CONTINGENT LIABILITIES PARTICULARS

I) Claims against the bank not acknowledged as debts II) Liability for partly paid Investments/venture fund 58,38,16 III) Liability on account of outstanding forward exchange contracts IV) Guarantee given on behalf of constituents -IN INDIA -IN OUTSIDE INDIA V) Acceptances, endorsements and other obligations VI) Other items for which bank is contingently liable 17710,07,00 14148,87,89 13765,92,57 9979,65,84 17950,28,63 11780,04,65 7678,15,84 14890,95,28 93031,85,80 78432,99,31 28,00 28,00 As on 31-03-2012 64,73,47 As on 31-03-2011 232,56,06

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

- Estimated amount of contracts remaining to be executed on capital accounts not provided for -Others TOTAL (I+II+III+IV+V+VI) 152502,81,31 127163,87,03

SCHEDULE 13-INTEREST EARNED PARTICULARS

I II III Interest/Discount on Advances/Bills Income on investments As on 31-03-2012 22369,40,96 6184,72,95 As on 31-03-2011 16183,76,26 4774,78,27 494,49,37

Interest on balances with Reserve Bank 837,43,27 of India and other inter bank funds

IV

Others TOTAL (I+II+III+IV)

282,15,24 29673,72,42

432,87,66 21885,91,56

SCHEDULE 14: OTHER INCOME PARTICULARS

I) II) Commission, Exchange and Brokerage Profit on sale of investments As on 31-03-2012 1226,08,44 643,15,79 As on 31-03-2011 1020,63,83 472,95,89

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Less: Loss on sale of investments III) Profit on sale of land, buildings & other assets Less: Loss on sale of land, buildings & other assets IV) Profit on Exchange Transactions Loss on Exchange Transactions V) Income earned by way of dividend

36,48,69 2,57,17

29,25,53 1,37,25

1,76,03

1,54,68

690,77,15 4,66,14 25,57,86 877,07,27 3422,32,82

515,14,49 37,46 28,46,80 801,78,01 2809,18,60

VI) Miscellaneous Income TOTAL (I+II+III+IV+V+VI)

SCHEDULE 15: INTEREST EXPENDED PARTICULARS

I) II) Interest on Deposits Interest on Reserve Bank of India/Inter Bank borrowings III) Others Total(I+II+III) 954,84,77 19356,71,23 875,70,31 13083,65,77 As on 31-03-2012 17770,71,70 631,14,76 As on 31-03-2011 11862,60,66 345,34,80

SCHEDULE 16: OPERATING EXPENSES PARTICULARS

As on 31-03-2012 As on 31-03-2011

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

I) II) III) IV) V) VI) VII)

Payments to and provisions for employees Rent, taxes and lighting Printing and stationery Advertisement and publicity Depreciation on bank's property Directors' fees, allowances and expenses Auditors' fees and expenses (including branch auditors)

2985,57,91 415,73,56 38,80,56 58,15,34 276,56,52 1,17,59 39,64,82

2916,78,26 357,10,18 32,46,90 57,51,10 243,04,10 85,91 38,85,46

VIII) Law charges IX) X) XI) XII) Postage, telegrams, telephones etc. Repairs and maintenance Insurance Other expenditure Total(I+II+III+IV+V+VI+VII+VIII+IX+X +XI+XII)

22,12,49 99,32,85 168,90,38 277,20,30 775,49,41 5158,71,73

18,87,90 88,08,74 110,44,95 229,68,16 536,11,83 4629,83,49

CASH FLOW

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA Particulars Mar'12 Mar'11 Mar'10 Mar'09 Mar'08

Profit Before Tax

6,025.80

5,650.32

4,238.06

3,342.94

2,207.16

Net Cash Flows from Operating Activity

14,406.50 11,778.81 11,252.45

1,125.47

2,241.82

Net Cash Used in Investing Activity

-337.38

-489.76

-335.01

-238.93

-235.13

Net Cash Used in Financing Activity

165.35

3,177.96

462.51

901.29

2,012.23

Net Inc/Dec in Cash and Cash Equivalent

14,234.47 14,467.01 11,379.94

1,787.83

4,018.92

Cash and Cash Equivalent Beginning of the Year

49,934.07 35,467.06 24,087.12

22,299.29 18,280.37

Cash and Equivalent - End of the Year

64,168.54 49,934.07 35,467.06

24,087.12 22,299.29

INTEREST RATES
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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

FEDERAL BANK
Interest rates for Resident Term Deposits effective from 19September-2012
Rs.15 Lakhs to less Less than Rs.15 Lakhs than Rs.100 Lakhs 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 7.00% 7.00% 7.00% 7.00% 8.50% 9.00% 8.75% 8.50% 9.00% 8.75%

Period 7 days to 14 days 15 days to 29 days 30 days to 45 days 46 days to 90 days 91days to 180 days 181 days to less than 1 year 1 year only Above 1 year

INTEREST RATES FOR NRE FIXED DEPOSITS EFFECTIVE FROM 19-SEPTEMBER-2012

Period 1 year only Above 1 year Less than Rs. 1 Crore 9.00% 8.75%

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

BANK OF BARODA Interest Rates on Deposits (Domestic & NRI) (Per Annum) (Fresh & Renewal)
Maturity Range 7 days to 14 days 15 days to 45 days 46 days to 90 days 91 days to 180 days 181 days to 270 days 271 days & above and less than 1 year 1 year and above up to 3 years Below Rs 15 Lacs 4.50% 4.50% 6.25% 7.00% 7.50% 7.75% 9.00% Rs 15 Lacs to less than Rs 1 Cr. 4.50% 4.50% 6.50% 7.25% 7.50% 7.75% 9.00%

NRE TERM (RUPEE) DEPOSITS (w.e.f 13.08.2012) Maturity Period 1 year & above up to 3 years Above 3 year up to 10 years Rate of Interest Up to Rs.15 Lac Rs.15 Lac to less than Rs. 1 crore 9.00% 9.00% 9.00% 9.00%

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

INTEREST RATE ANALYSIS. The interest rate provided by both the bank on deposit is 9 %. But interest rate on deposit provided by federal bank is 17.45 and bank of baroda is 14.75.so customer likely to take loan from bank of baroda as it charges less interest rate as compared to federal bank.

ASSETS
Assets are bought to increase the value of a firm or benefit the firm's operations. Assets are something that can generate cash flow. Total asset of Bank of Baroda is 447321,46,70 and of federal bank is 60626,77,21.here we can see that federal bank asset is much higher than bank of Baroda. So we can say that federal banks performance much better than bank of Baroda

LIABILITY
A liability is defined as an obligation of the bank which is to be payable. Total Liability of federal bank is 60626,77,21 and Bank of Barodas is 44732146,70. Mainly people dont prefer to keep their deposit in the bank which has more liability. Bank of Baroda has more liability as compared to federal bank. It means Bank of Barodas financial position is not so good.

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

DIVIDEND RATE
Boards of directors of federal bank are recommended with a dividend of Rs 9 per share. Boards of directors of Bank of Baroda are recommended to provide a dividend of Rs 10 per share. Investor may prefer Bank of Baroda because they are providing more dividends compared to federal bank.

NET PROFIT
Net profit is referred to as net income to measure of the profitability of a bank. Net profit of Federal bank is Rs 802,57,61 and Bank of Baroda is Rs 5006,95,62.the financial performance of Bank is Baroda is better as compared to federal bank. Customer may prefer Bank of Baroda because their net profit is much higher.

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

BIBLIOGRAPHY
http://www.bankofbaroda.com/ http://www.moneycontrol.com http://economictimes.indiatimes.com http://www.federalbank.co.in http://www.prokerala.com/banking http://en.wikipedia.org http://business.mapsofindia.com

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

SCHEDULE-2: RESERVES AND SURPLUS

PARTICULARS

As on 31-03-2012

As on 31-03-2012

I)

Statutory reserve Opening balance Additions during the year

II)

Capital reserve Opening balance Additions during the year Other adjustments Deductions Depreciation on revalued fixed assets transferred to profit & loss account

III) Share premium Opening balance

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Addition during the year IV) Revenue and other reserves a) Statutory reserve (foreign) Opening balance Addition during the year Other adjustments b) Special reserve u/s 36(1)(viii) of Income Tax Act, 1961 Opening Balance Additions during the year c) Foreign Currency Translation Reserve Opening Balance Additions during the year d) Investment Reserve Account Opening Balance Transferred from Other Reserve Transferred to P&L Appropriation A/c. e) Other Reserves Opening Balance

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

Transferred to Investment Reserve Account Additions during the year Adjustments TOTAL - IV (a, b, c, d & e) TOTAL (I to IV)

SCHEDULE 9
PARTICULARS As on 31-03-2012 A) i) ii) Bills Purchased and Discounted Cash Credits, Overdrafts and Loans Repayable on Demand As on 31-03-2012

iii) Term Loans TOTAL A(i to iii) B) i) Secured by Tangible Assets (includes advances against Book Debts) Covered by Bank/Government Guarantees

ii)

iii) Unsecured TOTAL B(i to iii) C) I) Advances in India

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COMPARISON BETWEEN FEDERAL BANK AND BANK OF BARODA

i) ii)

Priority Sector Public Sector

iii) Banks iv) Others II) i) ii) a) b) c) Advances Outside India Due from Banks Due from Others Bills Purchased & Discounted Syndicated Loans Others TOTAL C(i & ii)

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