Bank of Baroda

Bank Of Baroda has informed the Exchange that the dividend payment date is July 08, 2013.

Bank Of Baroda has informed the Exchange that Shri Ajay Mathur, Director of the Bank, ceased to be Director on the Board of the Bank w.e.f. May 05, 2013 consequent upon expiry of his term on May 04, 2013. Shri Mathur was appointed as Director of the Bank w.e.f. May 05, 2010 by the Central Government under section 9(3) (g) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest on term deposits w.e.f. April 06, 2013.

Bank Of Baroda has informed the Exchange that it has been decided to extend business / working hours on March 30, 2013 (Saturday) to full working day for all customers and for all type of transactions as done on normal working day to facilitate Bank`s customers due to holidays during the last week of March 2013 on various days in the country due to festivals and annual closing of Bank.

Bank Of Baroda has informed the Exchange regarding the Proceeding of the Extra-Ordinary General Meeting of the Bank held on March 11, 2013 under Clause 35A.

Bank Of Baroda has informed the Exchange that on March 12, 2013, Allotment Committee of the Bank has issued and allotted 1,01,32,920 Equity shares of Rs. 10/- each at issue price of Rs. 838.85 aggregating to Rs. 849,99,99,942 (Rs Eight hundred forty nine crore ninety nine lacs ninety nine thousand nine hundred forty two only) to Government of India (President of India) on preferential basis, as per SEBI Guidelines.

Bank Of Baroda has submitted to the Exchange a copy of the notice of the Extra Ordinary General Meeting of the Bank to be held on March 11, 2013.

Bank Of Baroda has informed the Exchange that the Board of Directors of the Bank at its meeting held on February 04, 2013, inter alia, considered and approved issue of Equity Shares of face value of Rs. 10/- each, for cash at a premium to be determined in accordance with SEBI (ICDR)Regulations aggregating upto Rs. 850 crores, on preferential basis to Government of lndia (GOI). Extra-ordinary General Meeting of the Bank is also fixed to be held at Vadodara on March 11, 2013, for the purpose.

Bank Of Baroda has informed the Exchange that in response to the RBI`s move to reduce the key policy (Repo) rate by 25 bps and the Cash Reserve Ratio by 25 bps in its Third Quarterly Review of Monetary Policy unveiled on January 29, 2013 the Bank has realigned its Deposit Rates in the band of 15 to 20 bps in the shorter maturities and reduced its Base Rate and BPLR by 25 bps each with effect from February 09, 2013. With this, the Bank`s Base rate will be at 10.25% and BPLR at 14.50% with effect from February 09, 2013.

Bank Of Baroda has informed the Exchange vide letter dated January 21, 2013 that "In exercise of the powers conferred by clause (a) of sub section 3 of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government after consultation with the Reserve Bank of India, vide its notification F.No. 4/4/2011-BO-I dated 21 January, 2013 has appointed Shri S. S. Mundra as Chairman & Managing Director of Bank of Baroda, w.e.f. the date of his taking over charge of the post till 31-07-2014 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earlier. Shri Mundra has taken over charge of the post from 21 January 2013".

Bank Of Baroda has informed the Exchange that the Extra- ordinary General Meeting of the Company to be held on January 17, 2013, hereby authorize Mr S M Kokate, Chief Manager, Treasury Branch, Bank of Baroda, Mumbai to represent the Bank in the Extra-ordinary General Meeting and vote on behalf of the Bank.

Bank Of Baroda has informed the Exchange regarding Change in Statutory Central Auditors (SCAs).

Bank Of Baroda has informed the Exchange that at its meeting held on December 24, 2012 the Board of Directors of the Bank, inter alia, considered and approved issuance of Equity Shares of face value of Rs. 10/- each, for an amount upto Rs.1550 crores, at such price as may be decided as per SEBI (ICDR) Regulations, on preferential basis in favour of Government of India.

Bank Of Baroda has informed the Exchange that : "Shri M.D.Mallya, Chairman & Managing Director of our Bank, demitted his office w.e.f. 1st December 2012, consequent upon his superannuation at the close of working hours on 30th November 2012. Shri Mallya was appointed as Chairman & Managing Director of the Bank w.e.f 7th May 2008 by the Central Government under section 9(3) (a) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970".

Bank Of Baroda has informed the Exchange vide its letter dated November 01, 2012 regarding Cessation/Appointment of Director

Bank Of Baroda has informed the Exchange that Dr. (Smt) Masarrat Shahid, Director of the Bank, ceased to be Director on the Board of the Bank w.e.f. October 29, 2012 consequent upon expiry of her term on October 28, 2012. Dr. (Smt) Shahid was appointed as Director of the Bank w.e.f. October 29, 2009 by the Central Government under section 9(3) (h) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

Bank Of Baroda has informed the Exchange that M/s Khimji Kunverji & Co., one of the Statutory Central Auditors (SCAs) of the Bank has resigned as the Statutory Central Auditors of the Bank for the F.Y. 2012-13, due to technical grounds of number of audit assignments handled by them at present. Consequently, the Limited Review of the Financial Statements of the Bank for the half year / quarter ended September 30, 2012 will be done by the remaining five SCAs.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest on retail loans of the Bank w.e.f. September 10, 2012.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest payable on Domestic Term Deposits of the Bank w.e.f. August 13, 2012.

Bank Of Baroda has informed the Exchange regarding the Proceedings of Annual General Meeting of the Bank held on June 28, 2012 along with voting result.

Bank Of Baroda has informed the Exchange that in exercise of the powers conferred by clause (a) of sub section 3 of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government after consultation with the Reserve Bank of India has appointed Shri P.Srinivas as Executive Director of Bank of Baroda, w.e.f. the date of his taking over charge of the post till June 30, 2016 i.e. the date of his superannuation or until further orders, whichever is earlier. Shri P. Srinivas has taken over charge of the post from June 18, 2012.

Bank Of Baroda has informed the Exchange that in exercise of the powers conferred by clause (a) of sub section 3 of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970/1980, the Central Government after consultation with the Reserve Bank of India has appointed Shri Sudhir Kumar Jain as Executive Director of Bank of Baroda, w.e.f. the date of his taking over charge of the post for a period of five years or until further orders, whichever is earlier. Shri Jain has taken over charge of the post from June 18, 2012.

Bank Of Baroda has informed the Exchange that Sri N.S. Srinath, Executive Director of the Bank, ceased to be Director on the Board of the Bank w.e.f. June 01, 2012 consequent upon his superannuation. Shri Srinath was appointed Executive Director of the Bank w.e.f. December 07, 2009 by the Central Government under Section 9(3)(a) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

Bank Of Baroda has informed the Exchange that July 09, 2012, shall be the date on and from which the Dividend for the FY 2011-12 on fully paid equity shares of the Bank will be payable, if any.

Life Insurance Corporation of India has submitted to the Exchange vide its letter dated May 08, 2012 a copy of disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 along with disclosure under regulation 13(3) and 13(6) of SEBI (Prohibition of Insider Trading) Regulations, 1992.

Bank Of Baroda has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 04, 2012, inter alia, has recommended a dividend @ Rs.17/- (Rupees Seventeen only) per equity share (equity shares of Rs. 10/- each fully paid-up) for the F.Y. 2011-12 subject to necessary approvals and declaration at the ensuing Annual General Meeting of the shareholders of the Bank, which will be paid / dispatched by July 09, 2012.

Bank Of Baroda has informed the Exchange in response to the RBl?s move to reduce the policy rate by 50 bps in its Annual Monetary Policy unveiled on 17th April, the Bank has decided to reduce its Deposit Rates by 25 to 50bps in various maturities and its Base Rate and BPLR by 25 bps each with effect from May 01, 2012 to revive the sagging investment sentiment in the country. With this, the Bank?s Base Rate will be at 10.50% and BPLR at 14.75% w.e.f. May 01, 2012.

Bank Of Baroda has informed the Exchange that the Bank has allotted 1,95,77,304 equity shares of the Bank @ Rs. 840.10 aggregating to Rs. 1644,68,93,090.40 to LIC of India on preferential basis.

Bank Of Baroda has submitted to the Exchange a copy of Proceedings of the Extra-ordinary General Meeting of the Bank held on March 27, 2012 along with voting results.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest payable on Domestic Term Deposits of the Bank w.e.f. March 19, 2012.

Bank Of Baroda has submitted to the Exchange a copy of the Notice of the Extraordinary General Meeting of the Bank to be held on March 27, 2012.

Bank Of Baroda has informed the Exchange that "We advise that Bank of Baroda (BOB) and Banco Bilbao Vizcaya Argentaria (BBVA) had entered into a Memorandum of Understanding (MOU) for a Joint Venture regarding credit card business. BBVA has now informed us that although they consider our Bank as an ideal partner, due to change of strategy within BBVA, the not be able to proceed further in the matter".

Bank Of Baroda has informed the Exchange that the Board of Directors of Bank in its meeting held on February 27, 2012 has approved: (1) The proposal for issuing of equity shares upto 5% of preissue paid up capital of the bank in favor of Life Insurance Corporation of India (LIC) / Mutual Funds (MF) on preferential basis as per SEBI ICDR Regulations, subject to shareholders` approval and other necessary regulatory/ statutory approvals. (2) The Relevant Date in this regard as February 24, 2012. (3) Convening of Extra Ordinary General Meeting of Shareholders of the Bank on March 27, 2012 for the said purpose.

Bank Of Baroda has submitted to the Exchange a copy of the proceedings of the Extra Ordinary General Meeting of the Company held on December 23, 2011.

Bank Of Baroda has submitted to the Exchange a copy of the Proceedings of the Extra-Ordinary General Meeting of the shareholders of the Bank held on December 23, 2011.

Bank Of Baroda has informed the Exchange regarding the list of valid candidates for election, after scrutiny of nominations and determination of their `Fit & Proper Status`, for election of three Shareholder Directors of the Bank in the Extra- ordinary General Meeting of the Bank scheduled to be held on December 23, 2011.

Bank Of Baroda has informed the Exchange that the Bank has appointed M/s N B S & Co., Mumbai, M/s S.K.Mittal & Co. New Delhi, M/s Ray & Ray, Kolkata and M/s Laxminiwas Neeth & Co., Hyderabad as new Statutory Central Auditors of the Bank for the year 2011-12 in place of M/s. Ashwani & Associates, Ludhiana, M/s. S. K. Kapoor & Co., Kanpur, M/s. N. C. Banerjee & Co, Kolkata and M/s Haribhakti & Co., Mumbai, on completion of their tenure. Moreover, following existing SCAs firms have been reappointed as SCAs for the year 2011-12 : (1) Ms. Khimji Kunverji & Co., Mumbai; (2) M/s. Brahmayya & Co., Chennai.

Bank Of Baroda has submitted to the Exchange a copy of the notice of the Extra-ordinary General Meeting of the Bank to be held on December 23, 2011.

Bank Of Baroda has informed the Exchange that an Extraordinary General Meeting (EGM) of the Shareholders of Bank of Baroda will be held on December 23, 2011, to elect three directors from amongst shareholders of the Bank other than the Central Government in terms of Section 9(3)(i) of The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with The Banking Regulations Act, 1949, Nationalized Banks (Management And Miscellaneous Provisions) Scheme, 1970 and Bank of Baroda (General Shares and Meetings) Regulations, Notification No. DBOD BC.No.46 & 47/29.39.001/2007-08 dated November 01, 2007 and DBOD No. BC.No.95/29.39.001/2010-11 dated May 23, 2011 of Reserve Bank of India. Further the Bank has informed that November 04, 2011 has been fixed as the Cut-off date for the purpose of ascertaining the list of shareholders who will be entitled to participate in the election i.e. nominate, contest and vote in the above election.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest payable on Domestic Term Deposits of the Bank w.e.f. September 14, 2011.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest payable on Domestic Term Deposits below Rs. 1 cr. and on term deposits of Rs. 1 cr and above w.e.f. August 01, 2011. Further, the Bank has decided to increase the Bank`s Base Rate for domestic advances by 50 bps i.e. from 10.25% to 10.75% and Benchmark Prime Lending Rate (BPLR) by 50 basis points i.e. from 14.50% to 15.00% with effect from August 01, 2011.

Bank Of Baroda has informed the Exchange that in exercise of the powers conferred by clause (e) of sub-section 3 of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 read with sub clause (1) & (2) of clause 9 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970, the Central Government, vide its notification dated July 25, 2011 has appointed Shri Vinil Kumar Saxena as Workmen Employee Director on the Board of the Bank, for a period of three years w.e.f. July 25, 2011 or until further orders, whichever is earlier.

Bank Of Baroda has informed the Exchange that the Bank has decided to revise rates of interest payable on Domestic Term Deposits of the Bank w.e.f. July 12, 2011.

Bank Of Baroda has submiited to the Exchange a copy of the proceedings of the Annual General Meeting of the Bank held on July 04, 2011.

Bank Of Baroda has informed the Exchange that in exercise of the powers conferred by of clause (c) of sub-section 3 of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with sub clause (1) of clause 3 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970, the Central Government vide its notification dated May 30, 2011, has nominated Shri. Sudarshan Sen (Regional Director, RBI, Ahmedabad) as Director of Bank of Baroda, vice Shri. R Gandhi with immediate effect i.e. May 30, 2011 and until further orders.

Bank Of Baroda has informed the Exchange that the Annual General Meeting of the shareholders of the Bank will be held on July 04, 2011 to transact the following business: (1) To discuss, approve and adopt the Balance Sheet of the Bank as at March 31, 2011, Profit and Loss Account for the year ended March 31, 2011, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditors` Report on the Balance Sheet and Accounts. 2) To declare dividend for the year 2010- 11. Further the Register of the shareholders and Share Transfer Register of the Bank will remain closed from June 25, 2011 to July 04, 2011 (both days inclusive) for the purpose of Annual General Meeting and for ascertaining the entitlement for the payment of Dividend 2010-11, if any. Further, July 14, 2011 shall be the date on and from which the Dividend for the F.Y. 2010-11 on fully paid equity shares of the Bank will be payable, if any.

Bank Of Baroda has informed the Exchange that the Bank has decided to increase its Benchmark Prime Lending Rate (BPLR) by 50 basis points from 13.75% to 14.25% and Base Rate by 50 basis points from 9.50% to 10.00% with effect from May 06, 2011.

Bank Of Baroda has informed the Exchange that on March 29, 2011, the bank has allotted 2,72,79,579 equity shares of Rs.10 each for cash at a premium of Rs.892.14 amounting to Rs.2460,99,99,400 on preferential basis to Government of India. With the allotment of aforesaid shares the holding of the promoter i.e. Government of India in the Bank will be raised from 53.81% to 57.03%.

Bank Of Baroda has submitted to the Exchange a copy of the Proceedings of the Extra-Ordinary General Meeting of the shareholders of the Bank held on March 29, 2011.

Bank Of Baroda has informed the Exchange that in exercise of the powers conferred by clause (f) of sub-section 3 of Section 9 of The Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 read with sub-clause (1) & (2) of clause 9 of The Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970, the Central Government, after consultation with the Reserve Bank of India vide its notification F.No. 6/38/2010-BO.I dated March 11, 2011, has nominated Shri. V.B.Chavan (DoB: 15-01-1954), Senior Manager, Bank of Baroda as Officer Employee Director of Bank of Baroda, for a period of three years w.e.f. March 11, 2011 or until he ceases to be an officer of the Bank of Baroda or until further orders, whichever is earlier.