#175 आज़ादी क अमृत महोत्सव बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA P देना DENA Performance Analysis Q3 FY 2023#2| Maj Major Highlights © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page | 2#3Major Highlights बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA सेना DENA Net Profit (INR crore) 69.9% YoY A 9,334 Business Details (INR crore) Key Performance Drivers Dec 31, 2021 Dec 31, 2022 Domestic Deposits 8,76,555 10,03,737 YoY (%) 14.5 Net Interest Margin (%) 24 bps YoY 22 bps YoY International Deposits 1,01,479 1,45,770 43.6 3.37 Global Deposits 9,78,034 11,49,507 17.5 3.23 3.13 Retail Advances * 1,28,960 1,66,861 29.4 Domestic Gross Advances 6,54,315 7,60,249 16.2 International Advances 1,17,679 1,63,629 39.0 Global Advances 7,71,994 9,23,878 19.7 Total Business 17,50,028 20,73,385 18.5 *organic growth, excluding pool purchase ilii Q3FY22 Q3FY23 9MFY22 9MFY23 3.01 2,197 75.4% YoY Δ 5,494 3,853 Financial Performance (INR crore) Return on Assets Q3FY22 Q3FY23 ΥΟΥ (%) 39 bps YoY Net Interest Income 8,552 10,818 26.5 31 bps YoY 1.13 Fee based Income 1,407 1,539 9.4 Δ 0.93 Operating Profit 5,483 8,232 50.1 0.74 Profit before Tax 2,976 5,828 95.8 0.62 Q3FY22 Q3FY23 9MFY22 9MFY23 Return on Equity 671 bps YoY 504 bps YoY 21.08 Δ 17.02 14.37 11.98 Net Profit 2,197 3,853 75.4 GNPA Ratio (%) 7.25 4.53 (272 bps) NNPA Ratio (%) 2.25 0.99 (126 bps) Capital Adequacy Ratio 15.47% 14.93% (54 bps) (Standalone) (%) Q3FY22 Q3FY23 9MFY22 9MFY23 Q3FY22 Q3FY23 9MFY22 9MFY23 © 2023 Bank of Baroda. All Rights Reserved Page | 3#4Financial Performance © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page | 4#5Key Ratios Cost of Deposits 3.80% Domestic 3.90% Net Interest Margin B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Domestic Global International 3.54% 3.41% 3.35% 3.21% 3.08% 4.11% 4.01% 3.50% 3.59% 3.27% Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 International 1.33% 0.46% Q3FY22 Q2FY23 Yield on Advances Q3FY23 2.17% 1.86% 1.74% 1.45% 1.33% Domestic Global International 8.45% Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 7.79% 8.01% Global 7.78% 7.22% 6.92% 3.33% 3.37% 3.13% 3.23% 4.68% 3.01% 3.54% 2.09% Q3FY22 © 2023 Bank of Baroda. All Rights Reserved Q3FY22 Q2FY23 Q3FY23 9MFY22 9MFY23 Q2FY23 Q3FY23 Page | 5#6Operating Performance बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA à-II DENA Particulars (INR crore) Q3 FY22 Q2 FY23 Q3 FY23 ΥΟΥ (%) 9M FY22 9M FY23 ΥΟΥ (%) Interest on advances 12,631 14,834 17,106 35.4 36,443 44,979 23.4 Interest on investments 4,567 5,442 5,717 25.2 12,851 16,099 25.3 Other Interest income 765 978 717 -6.3 2,413 2,654 10.0 Total Interest Income 17,963 21,254 23,540 31.0 51,707 63,732 23.3 Interest on Deposits 8,288 9,365 11,054 33.4 24,860 29,254 17.7 Interest on borrowings 552 1,176 1,138 -- 1,166 3,054 Other Interest paid 571 539 529 -7.4 1,671 1,592 -4.7 Total Interest Expenses 9,411 11,080 12,722 35.2 27,697 33,901 22.4 Net Interest Income (NII) 8,552 10,174 10,818 26.5 24,010 29,831 24.2 Fee based Income 1,407 1,515 1,539 9.4 3,862 4,332 12.2 Treasury Income 596 -435 1,142 91.7 3,156 119 -96.2 Other Non-Interest Income 516 745 871 68.8 1,944 2,109 8.5 Non-Interest Income 2,519 1,826 3,552 41.0 8,962 6,560 -26.8 Operating Income 11,071 12,000 14,370 29.8 32,972 36,391 10.4 Operating Expenses 5,588 5,969 6,138 9.8 16,218 17,600 8.5 Operating Profit 5,483 6,031 8,232 50.1 16,754 18,791 12.2 Cost to Income Ratio (%) 50.47 49.74 42.71 (776 bps) 49.19 48.36 (83 bps) Cost to Income Ratio (%) (incl. SR shifting impact) * 50.47 49.74 47.10 (337 bps) 49.19 50.10 91 bps © 2023 Bank of Baroda. All Rights Reserved Page | 6#7Non-Interest Income बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मैना DENA Particulars Q3 FY22 Q2 FY23 Q3 FY23 ΥΟΥ (%) 9M FY22 9M FY23 ΥΟΥ (%) (INR crore) Commission, Exchange, 743 778 728 -2.0 1,985 2,121 6.9 Brokerage Incidental Charges 287 306 357 24.4 815 955 17.2 Forex Income 60 68 69 15.0 180 200 11.1 Other Miscellaneous Income 317 364 385 21.4 882 1,056 19.7 Fee based Income 1,407 1,515 1,539 9.4 3,862 4,332 12.2 Trading Gains - Profit from Sale of 421 174 213 -49.4 2,592 782 -69.8 Investments Revaluation of Investment 25 -413 750 -136 -831 Profit on Exchange Transactions 150 -196 179 19.3 700 168 -76.0 Treasury Income 596 -435 1,142 91.7 3,156 119 -96.2 Dividend Income 0 142 60 -- 183 280 53.0 Recovery from TWO 516 603 811 57.1 1,594 1,829 14.8 Other Income 0 0 0 167 0 Other Non-Interest Income 516 745 871 68.8 1,944 2,109 8.5 Total Non-Interest Income 2,519 1,826 3,552 41.0 8,962 6,560 -26.8 © 2023 Bank of Baroda. All Rights Reserved Page | 7#8Operating Expenses Particulars (INR crore) Q3 FY22 Q2 FY23 Q3 FY23 ΥΟΥ (%) 9M FY22 9M FY23 बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA सेना DENA ΥΟΥ (%) Employee Cost 3,103 3,183 3,347 7.9 9,276 9,574 3.2 of which: Salaries 2,206 2,347 2,497 13.2 6,884 7,200 4.6 Provisions for employees 897 836 850 -5.2 2,392 2,374 -0.8 Other Operating Expenses 2,485 2,786 2,791 12.3 6,942 8,027 15.6 of which : 358 411 382 6.6 1,042 1,105 6.1 Rent, Taxes and Lighting Printing and Stationery 32 42 47 46.0 82 117 42.6 Depreciation 394 492 487 23.6 977 1,441 47.5 Law charges 48 48 52 7.9 138 145 5.2 Repairs and Maintenance 243 279 253 4.1 737 763 3.6 Insurance 316 365 367 16.3 950 1,074 13.1 NFS charges/Fees 126 118 125 -0.8 330 365 10.6 Other Expenditure 969 1,031 1,079 11.3 2,686 3,016 12.3 Operating Expenses* 5,588 5,969 6,138 9.8 16,218 17,600 8.5 *Excluding the increase in depreciation due to revaluation of fixed assets in Mar'22, Operating Expenses for 9MFY23 would have grown by 6.7% YoY © 2023 Bank of Baroda. All Rights Reserved Page | 8#9Profit Position Particulars (INR crore) Operating Profit बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Q3 FY22 Q2 FY23 Q3 FY23 ΥΟΥ (%) 9M FY22 9M FY23 ΥΟΥ (%) 5,483 6,031 8,232 50.1 16,754 18,791 12.2 2,506 1,628 2,404 -4.1 9,266 5,717 -38.3 Total Provisions of which: 4,283 1,654 817 -80.9 9,440 4,031 -57.3 Provision for NPA & Bad Debts Written-off Provision for Standard Advances -1,936 104 124 Provision for Non Performing Investment 447 -126 1,409 Other Provisions -288 -4 54 Profit before Tax Tax Provisions Net Profit © 2023 Bank of Baroda. All Rights Reserved -929 109 442 1,485 313 92 -70.6 2,976 4,403 5,828 95.8 7,488 13,074 74.6 779 1,090 1,976 ļ 1,994 3,740 2,197 3,313 3,853 75.4 5,494 9,334 69.9 Page 9#10usine Business Performance © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page 10#11Deposits B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA सेना DENA Particulars Dec'21 Dec 22 YOY (%) Sep'22 Dec'22 QOQ (%) % share in Domestic Deposits in Dec' 22 (INR crore) Domestic CASA Deposits 3,88,169 4,17,812 7.6 4,10,151 4,17,812 1.9 Domestic Saving Savings Deposits 35% 3,22,909 3,52,620 9.2 3,45,278 3,52,620 2.1 Deposits Domestic Current 65,260 65,192 -0.1 64,873 65,192 0.5 Term Deposits Deposits 58% Term Deposits 4,88,386 5,85,925 20.0 5,48,816 5,85,925 6.8 Current Deposits 7% Retail Term 3,99,749 4,09,593 2.5 4,12,052 4,09,593 -0.6 Deposits % share in Domestic Deposits in Dec' 21 Bulk Deposits 88,637 1,76,332 98.9 1,36,764 1,76,332 28.9 (including CD) Domestic Deposits 8,76,555 10,03,737 14.5 9,58,967 10,03,737 4.7 Savings Deposits 37% International Deposits 1,01,479 1,45,770 43.6 1,31,205 1,45,770 11.1 Term Deposits Total Deposits 9,78,034 11,49,507 17.5 10,90,172 11,49,507 5.4 56% Domestic CASA (%) 44.28% 41.63% (265 bps) 42.77% 41.63% (114 bps) Current Deposits 7% © 2023 Bank of Baroda. All Rights Reserved Page 11#12Advances B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA % share in Gross Domestic Credit in Dec'22 Particulars (INR crore) Dec'21 Dec'22 ΥΟΥ (%) Sep'22 Dec'22 QOQ (%) Retail* 1,28,960 1,66,861 29.4 1,58,506 1,66,861 5.3 Agriculture 15.7% Home Loans* 76,898 91,989 19.6 88,398 91,989 4.1 Auto Loans* 23,384 29,821 27.5 28,301 29,821 5.4 Mortgages Loans* 13,446 16,196 20.5 15,463 16,196 4.7 Retail Education Loans 6,398 7,942 24.1 7,652 7,942 3.8 26.8% Personal Loans 6,390 17,230 169.6 15,317 17,230 12.5 Gold Loans 1,277 2,069 62.0 1,844 2,069 12.2 Others 1,167 1,614 38.3 1,531 1,614 5.4 Agriculture 1,05,694 1,19,197 12.8 1,14,964 1,19,197 3.7 Gold Loans 25,795 33,065 28.2 31,658 33,065 4.4 Agriculture 16.2% MSME* 92,688 1,03,003 11.1 1,01,278 1,03,003 1.7 Corporate 2,90,601 3,29,212 13.3 3,01,663 3,29,212 9.1 Others 36,372 41,976 15.4 40,326 41,976 4.1 Gross Domestic Advances 6,54,315 7,60,249 16.2 7,16,737 International Gross Advances 1,17,679 1,63,629 39.0 1,56,759 7,60,249 1,63,629 6.1 Retail 24.8% 4.4 Global Gross Advances 7,71,994 9,23,878 19.7 8,73,496 9,23,878 5.8 *ex-pool purchase. Retail including pool stands at INR 1,76,283 crore. MSME including pool at INR 1,08,189 crore as on Dec 31, 2022 © 2023 Bank of Baroda. All Rights Reserved MSME 14.2% Corporate 43.3% % share in Gross Domestic Credit in Dec'21 Corporate 44.4% MSME 14.6% Page | 12#13Industry-wise Outstanding B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Dec'21 Particulars (INR crore) Outstanding Share (%) Dec'22 Outstanding Share (%) Infrastructure of which 97,577 14.9 1,06,813 14.0 Rating Profile 1. Power 2. Telecom 45,112 6.9 51,084 6.7 11,088 1.7 7,999 1.1 3. Roads & Ports 26,651 4.1 34,505 4.5 4. Other Infrastructure 14,726 2.3 13,226 1.7 Basic Metals & Metal Industry 11,126 1.7 13,422 1.8 of which 79% 83% Iron & Steel 9,362 1.4 11,300 1.5 Textiles 17,454 2.7 15,456 2.0 Petroleum 9,270 1.4 11,206 1.5 All Engineering 6,743 1.0 7,299 1.0 Food Processing 14,530 2.2 16,870 2.2 11% 8% Chemicals and Chemical Products 10,746 1.6 12,879 1.7 6% 3% NBFC 99,058 15.1 1,26,697 16.7 3% 6% Dec'21 Dec'22 Other Industries / Sectors 1,43,142 21.9 1,54,127 20.3 Retail Loans 1,38,974 21.2 1,76,283 23.2 A& Above BBB Below BBB Unrated Agriculture 1,05,694 16.2 1,19,197 15.7 Gross Domestic Advances 6,54,315 100.0 7,60,249 100.0 *External Rating Distribution of Domestic Advances above INR 50 Crore © 2023 Bank of Baroda. All Rights Reserved Page | 13#14बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA à-II DENA Segment wise breakup & Ratings of NBFC Standard Outstanding NBFC Portfolio by Ownership Rating Profile of NBFCs Standard Outstanding* 12% 11% ■Pvt others Particulars Sep'22 Dec'22 Outstanding (INR crore) % Share Outstanding (INR crore) % Share AAA 75,724 68.05 92,139 72.14 46% ■Backed by Large AA 50% 26,060 23.42 25,667 20.09 Private Institutions ■Backed by PSUs A 7,135 6.41 7,984 6.25 13% 12% ■Central & State PSUs BBB 30% 26% Sep'22 Dec'22 © 2023 Bank of Baroda. All Rights Reserved 971 0.87 746.19 0.58 BB & below 1,395 1.25 1,194 0.94 Total 1,11,284 100.00 1,27,731 100.00 *Includes advances and investments in Domestic & International Branches Page | 14#15Treasury Operations Particulars (INR crore) • Dec '21 Sep '22 Dec '22 बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Domestic investment book comprises of 67.56% in HTM; 32.35% in AFS and 0.09% in HFT. • Domestic Investments 2,94,923 3,39,667 3,39,674 The percentage of Investments in SLR Securities to NDTL at Dec 31, 2022 was at 28.33%. of which SLR Modified Duration 2,45,399 2,83,048 2,82,639 Particulars AFS Non SLR 49,524 56,619 57,035 HTM Total Investment Held To Maturity (HTM) 1,83,712 2,26,220 2,29,483 Dec '21 Sep '22 Dec '22 1.86 1.44 1.79 5.16 5.09 4.95 3.98 3.94 3.99 Available For Sale (AFS) 1,10,847 1,13,323 1,09,873 Particulars Domestic Held For trading (HFT) 364 124 318 International International 16,099 15,154 15,696 Global Investments Global Investments 3,11,021 3,54,821 3,55,370 © 2023 Bank of Baroda. All Rights Reserved Yield on Investment Dec '21 Sep '22 Dec '22 6.51% 6.57% 6.75% 2.28% 2.89% 2.83% 6.25% 6.45% 6.55% Page | 15#16Financial Inclusion Total Financial Inclusion Accounts (in Lakh) 632 Balance /Avg Balance in Fl accounts 668 25,158 661 28,356 29,927 5.50% B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Zero Balance Accounts (%) 5.40% 5.36% 3,980 4,290 4,482 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 Dec'21 Sep'22 Dec'22 ■Balance in Financial Inclusion Accounts (in INR Crore) Average Balance (in INR) Market Share* of BOB in PM JDY Accounts (%) 15.41% 15.37% 15.31% Transactions - By Amount (in INR crore) No of Transactions Through Business Correspondents (in lakhs) 29,129 654 Dec'21 26,260 21,292 609 498 Q3FY22 Q2FY23 Q3FY23 Q3FY22 Q2FY23 In Q3FY23, Bank's 85 FLC centres across the country conducted 961 meetings/camps to educate 40,993 people. Further, our 64 RSETIS have trained 4,989 youth through 177 training programmes. © 2023 Bank of Baroda. All Rights Reserved Sep'22 Dec'22 Market Share of BOB in PMJDY Deposits (%) 17.07% 17.28% 17.13% Q3FY23 Dec'21 Sep'22 Dec'22 amongst PSBS Page 16#17Asset Quality © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page 17#18Movement of NPAs बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA सेना DENA Particulars (INR crore) A. Opening Balance B. Additions Out of which, Fresh Slippages C. Reductions Recovery Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 59,504 52,591 46,374 66,671 54,059 3,491 4,465 2,881 11,989 9,661 2,830 3,479 2,172 9,986 6,982 6,998 10,682 7,397 22,663 21,862 2,032 2,047 1,710 4,316 4,828 Upgradation 1,272 3,313 925 4,026 3,660 Cash Recovery + Upgradation 3,304 5,360 2,635 8,343 8,488 Write-Offs 3,694 5,279 4,725 13,561 13,032 Other Adju/ Exchange difference 0 43 37 760 342 Closing Balance (Gross NPA) 55,997 46,374 41,858 55,997 41,858 Net NPA 16,465 9,672 8,854 16,465 8,854 Recovery in TWO* Total Recovery (NPA + TWO) Slippage Ratio (%) 516 603 811 2,642 1,829 3,820 5,963 3,446 10,984 10,317 1.68 1.77 1.05 1.94 1.22 Credit cost (%) 2.33 0.79 0.37 1.67 0.66 Gross NPA Ratio (%) 7.25 5.31 4.53 7.25 4.53 Net NPA Ratio (%) 2.25 1.16 0.99 2.25 0.99 Provision Coverage Ratio (Including TWO) (%) 85.95 91.73 92.34 85.95 92.34 Provision Coverage Ratio (Excluding TWO) (%) 70.60 79.14 78.85 70.60 78.85 * Technical Write off accounts © 2023 Bank of Baroda. All Rights Reserved Page | 18#19Sectoral & Industry wise Contribution of NPAs B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Sector-wise NPA Industry-wise NPA Particulars (INR crore) Q3 FY22 Q2 FY23 Q3 FY23 Particulars (INR crore) Q3 FY22 Q2 FY23 Q3 FY23 Infrastructure of which 4,675 3,165 1,571 Corporate 16,389 9,371 7,514 1. Power 2,771 1,966 429 MSME 13,320 12,038 10,698 2. Telecom 1 2 3 3. Roads & Ports 1,467 981 991 Retail 3,762 3,899 3,938 4. Other Infrastructure 436 216 149 Basic Metals & Metal Industry 1,708 905 636 Agriculture 9,317 8,969 8,943 of which Others 520 360 225 Iron & Steel 1,408 694 496 Textiles 3,152 1,844 1,666 Total Domestic 43,307 34,637 31,318 Petroleum & Petrochemicals 96 96 96 International 12,689 11,737 10,540 All Engineering 1,499 930 895 Food Processing 1,714 1,588 1,413 Global 55,997 46,374 41,858 Chemicals and Chemical 520 408 373 Products © 2023 Bank of Baroda. All Rights Reserved Page | 19#20Asset Quality Sectoral Fresh Slippages B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Fresh Slippages CRILC o/s SMA1 and SMA 2 (%) Particulars (INR crore) Q3 FY22 Q2 FY23 Q3 FY23 9M FY22 9M FY23 Corporate 602 568 13 3,755 1,107 MSME 1,013 887 836 2,655 2,054 Retail 501 585 551 1,313 1,154 Agriculture 615 658 723 1,932 1,733 1.12 0.42 0.40 Others 10 12 10 28 24 Dec-21 Sep-22 Dec-22 Total Domestic 2,741 2,710 2,133 9,683 6,072 International 89 769 39 303 910 SMA1 and SMA2 as a per cent of Standard advances (Accounts with outstanding above INR 5 crore CRILC data.) Global 2,830 3,479 2,172 9,986 6,982 The GNPA ratio for Housing loans (ex-pool) is 1.78%, Auto loans is 2.06%; Personal loans is 1.38%; Retail Gold loan is 1.49% as of December 2022 © 2023 Bank of Baroda. All Rights Reserved Collection efficiency (excluding Agriculture) stands at 98% as of December 2022. Page | 20#21Exposure to NCLT Accounts 5,067 6,173 2,482 37,737 51,459 99.20% B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA 98.39% 98.55% 99.30% 98.48% بيليا Total Accounts filed Accounts filed by BOB at by other banks NCLT at NCLT ■Provision Coverage (%) RBI 1 List RBI 2 List Accounts filed Accounts filed by BOB at by other banks NCLT Total RBI 1 List RBI 2 List at NCLT Exposure in INR Crore Bank is having 98.55% PCR in NCLT accounts. © 2023 Bank of Baroda. All Rights Reserved Page 21#22Capital Adequacy © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat मेना VIJAYA DENA Page | 22#23Capital Adequacy 15.47% 15.68% 15.46% 15.25% 14.93% 15.44% 2.23% 2.50% 2.49% 2.44% 2.31% 1.94% 1.76% 1.73% 1.86% 2.26% 1.73% ■ Tier II -AT-1 1.79% ■CET-1 11.30% 11.42% 11.24% 10.95% 10.83% 11.45% Dec'21 Particulars (INR crore) Mar'22 Jun'22 Sep'22 Dec'22 Consol Dec'22 Dec '21 Sep '22 Dec '22 Dec 22 (Consolidated) Common Equity Tier I Capital (CET 1) 68,061 71,986 73,885 81,708 Tier I Capital 79,778 84,191 86,105 93,298 Tier II Capital 13,450 16,029 15,774 16,020 Total Capital 93,227 1,00,220 1,01,879 1,09,318 *Adjusted for 9M Profits, CET-1 would have been 12.03% and CRAR 16.13% © 2023 Bank of Baroda. All Rights Reserved बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Page | 23#24bob World © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page | 24#25bob World - Engagement leads to more Product Sales बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Credit Report for customers 55 lakh users have availed the services Ability of send push notifications 167 types of push notification in 38 separate categories © 2023 Bank of Baroda. All Rights Reserved bob World Accounts Save Invest Borrow Shop Savings account Primary 2540 23 2641 5590 * X,XX,XXX Available balance Current 8874! <X, Availab View all accounts What's trending 199 63 D Compare Credit Refer & & shop score Wearable device He boo My bob world RE CL Prechonk Mobile Dinital D Transfor Bill payments Transaction history 合 <! Home UPI Cards More Customised Offers to customers Analytics-based Models being developed for customised offers to customers E-commerce - Offer basis buying behavior of customers ~59 lakh users have registered for merchant services and ~21 lakh unique users have been proactively shopping through compare and shop services Page | 25#26bob World Statistics App Downloads Activated Users Daily Active Users 50 Million 27.3 Million %IMPS txns through bob World %Billpay txns through bob World 69% 81% 4.1 Million With 86 lakhs daily txns (financial & non-financial) Market Share* 12% B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA PL through bob World 89% %FDs /RDs opened through bob World 26% Digital Passbook accessed through bob World 87% UPI handle generated through bob World 95% Average Engagement Ratio 8 PPF Account Opening through bob World 39% © 2023 Bank of Baroda. All Rights Reserved *Of total Mobile Banking app downloaded by users in Q3FY23 Page | 26#27Digital Milestones B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat मेना VIJAYA DENA © 2023 Bank of Baroda. All Rights Reserved Page | 27#28Digital Milestones...1/2 1st Rank in e-stamping usage Dec'22 1st Rank in e-sign Infra usage Source: NeSL Dec'22 2nd Rank in Mobile Banking Downloads Q3 FY23 91% Transactions done digitally Q3 FY23 © 2023 Bank of Baroda. All Rights Reserved Dec'22 3rd Rank in UPI remittance Source: NeSL Dec'22 Source: NPCI 82% New SA acquisition (Digitally) Q3 FY23 Dec'22 B 2nd बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA A-II DENA Rank in Debit Card Issuance 95.13% UPI Remittance Success Rate Source: RBI Source: NPCI 92% New CA acquisition (Digitally) Q3 FY23 Page | 28#29Digital Milestones....2/2 87% Passbook updates done digitally as of 31.12.2022 66% Digital FDs 42% Credit Card sourced digitally As of 31.12.2022 85% Personal Loan (Digitally) as of 31.12.2022 © 2023 Bank of Baroda. All Rights Reserved Q3 FY23 97% New SHG Acquisition (Digitally) as of 31.12.2022 B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA 29% No of merchants using POS, UPI QR, IPG as of 31.12.2022 37% Digitally active customers As of 31.12.2022 46% MSME Loans Renewed Digitally As of 31.12.2022 46% Digital MSME Loans Sanctioned As of 31.12.2022 68% Housing Loan (Digitally) as of 31.12.2022 64% Auto Loan (Digitally) as of 31.12.2022 71% Digital Retail Loans Sanctioned As of 31.12.2022 Page 29#30Increasing Operating Leverage - Deploying Digital Platforms बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Number of Branches & Employees 83,577 Mar-20 Dec-22 9,482 Retail assets (lakh crore) 1.2 1.8 ↑ 46% 82,209 Retail deposits (lakh crore) 6.9 8.3 ↑ 19% Total Retail Business (lakh crore) 8.2 10 ↑ 26% 79,173 Total Retail Business Per ↑ 36% 77,415 Employee (crore) 9.6 13.0 8,214 8,168 8,178 Domestic advances 1 (lakh crore) 6.1 7.6 ↑ 24% Domestic deposits 1 (lakh crore) 8.1 10 个 24% Total Business (lakh crore) 14.2 17.6 ↑ 24% Total Domestic Business Per 17.0 22.8 Mar'20 Mar'21 Mar'22 Dec'22 ↑ 34% Employee (crore) Branches Employees © 2023 Bank of Baroda. All Rights Reserved Page 30#31Environmental, Social and Governance (ESG) © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page 31#32ESG Initiatives.....1/2 Environment -170- branches in rural/semi urban areas are being run on Solar Energy, thereby reducing the consumption of power and carbon dioxide emissions. Approx.1400 Tons of Carbon Dioxide Emission reduced as a result of using Green/renewable/solar Energy. All boundary lights in the Corporate Office Building, Mumbai are powered through Solar Energy, with the help of a Solar Tree, thereby adopting renewable energy sources All domestic branches have LED lights installed in the premises for energy conservation. Bank has Green Building Certificate GOLD rating for Baroda Corporate Centre and SILVER rating for Baroda Sun Tower Building through IGBC (Indian Green Building Council). -4- of Bank's other buildings in India have green building rating. Sustainable finance for promoting Renewable energy, Electric vehicles and Water desalination sectors. ➤ Water & Waste Management: . Bank has initiated rain water harvesting and reuse of treated water for flushing and gardening in select offices. Bio-Gas plant (capacity of 500Kg wet waste) is installed at Bank's building at BKC, Mumbai which produces cooking gas that is used in Bank's canteen and organic manure is used in garden/lawns. Waterless Urinal Installed in Corporate Office Building saving approx. 58,500 Liters of water a month. Recycled water is being used in washrooms of Corporate Office Building © 2023 Bank of Baroda. All Rights Reserved Social B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA SEWA Solar Pumps: Bank finances Solar powered pump sets to individual salt farmers in area of Little Rann of Kutch. To create awareness & improve the quality of life in Rural & Semi-urban areas, Bank also has a scheme for financing Sanitation and Drinking water requirements. Micro Poly House: Bank finances marginal landholders to grow crops under protected environment to ensure better returns. ➤ Promoting inclusive growth and equitable development: Enhancement of collateral free loans to Self Help Groups (SHGs) under DAY-NRLM from Rs 10 Lakh to Rs 20 Lakh and coverage of SHG loans under Credit Guarantee Fund for Micro Units (CGFMU). Introduction of payment of Incentives to Bank Sakhi/Animators for the purpose of credit linking SHGS Bank's RSETIS have been graded as "AA" (outstanding) by MORD, GOI based on the overall performance of the RSETIs. Bank's 64 RSETIs have trained 4,989 youth through 177 training programs in Q3FY23. The Bank has signed MoU with RBIH (RBI Innovation Hub) as a scale-up partner for 'Project Swanari' which aims to support women's financial inclusion. Page | 32#33ESG Initiatives.....2/2 B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA Governance The Bank's Code of Commitment to Customers and MSMEs, Citizen Charter, Grievance Redressal Policy, and Banking Ombudsman scheme are available on the Bank's website to promote fair banking practices by maintaining transparency in various products, services and policies. The Bank has constituted an independent CSR & Sustainability Committee of the Board to oversee implementation of CSR initiatives, sustainable strategies, policies and practices. ➤Bank launched 'Our Code of Ethics' which is a landmark initiative for a Public Sector Bank. It follows a stakeholder centric approach and reaffirms the Bank's commitment to each of our stakeholders. The Code of Ethics also underlines the Bank's responsibility to protect the environment and play a part in transition towards a low carbon and resource efficient economy. ➤ Bank considers its employees as the most valuable assets and has been continuously undertaking multiple initiatives for strengthening and developing its human resources. Bank has been recognized and certified as 'Great Place to Work' by 'Great Employers Pvt. Ltd.', known as 'Great Place to Work Institute' world-wide, which is a gold standard recognition for recognizing work place culture in organizations around the globe. Bank of Baroda has also been recognized as one of India's best employers in the 'Nation Builders' category', which comprises of some of the largest organizations in India, both from the public as well as the private sector Bank was also awarded as Best Bank in Talent and Workforce in 27th edition of Business Today KPMG Best Banks & Fintech Awards Great Place To WorkⓇ ★ BANK OF BARODA IS NOW Great Place To WorkⓇ Certified MAR 2022 MAR 2023 INDIA TM India's Best Employers Among Nation-Builders 2022 זר © 2023 Bank of Baroda. All Rights Reserved मेना DENA Page 33#34B बैंक ऑफ़ बड़ौदा Bank of Baroda Green Initiatives - 'Plant a Tree Programme' The Bank launched 'Plant a Tree Programme' wherein the Bank plants a fruit bearing tree on behalf of its customers for every Auto Loan or Home Loan disbursed. Bank has joined hands with the Sankalp Taru Foundation, an NGO that is focused on 'Planting trees for the people, by the people'. This programme is implemented under 'Rural Livelihood' initiative. The NGO identifies the farmers' land, obtain their consent and plants fruit bearing tree saplings free of cost for the farmers on their land, execute the plantation activities and look after the saplings for one year, including replantation, if required. The programme helps in contributing towards a greener tomorrow while also augmenting the income of small farmers. On disbursement of the auto/ home loan, customer is provided with a Green Tree Plantation certificate that has the complete details of the tree planted on their behalf. Each tree is geotagged and secured using block chain technology to avoid duplication. ➤ Customers can track their planted tree online with its exact geo location and also view a picture of the sapling planted in their name. They are also welcome to personally visit the tree physically anytime following the geo location coordinates. Bank has planted more than 1 lakh saplings as a part of this programme since its launch on the occasion of the Bank's 115th Foundation Day. bob B बैंक ऑफ़ बड़ौदा World d Bank of Baroda VA You get a loan. The planet gets a tree! We proudly plant a tree on behalf of every Home and Car Loan Customer. 75 Azadi Ka Amrit Mahotsav © 2023 Bank of Baroda. All Rights Reserved विजया VIJAYA मेना DENA Page | 34#35Employee Engagement - 'Wellness Month' B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA Focus on Health and Wellness is a part of the Bank's 'Policy on Employee Engagement'. As a part of one of the initiatives for encouraging and motivating employees for maintaining good health Bank observed November month as 'Wellness Month' and 4th Saturday of November month as 'Annual Sports Day' across the Bank. ➤ The activities included free online yoga classes conducted daily from 6AM to 7AM,, Health Talks, Health Check-up camps, BMI registration under fitness check, other health initiatives & sessions by experts in general health, yoga, Office ergonomics, aerobics & meditation. Around 200+ initiatives were taken by Zones and Regions in which 15,000+ employees and 2,800+ family members were directly covered. © 2023 Bank of Baroda. All Rights Reserved P Welco bob World सागर क्षेत्र नेत्र चिकित्सा शिविर कार्यालया Page 35#36Consolidated Financials © 2023 Bank of Baroda. All Rights Reserved B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA Page 36#37Subsidiaries and JVs Performance IndiaFirst LIFE INSURANCE IndiaFirst Life Insurance Co. Ltd. (Subsidiary Holding - 65%) IndiaFirst Life recorded YoY growth of 33% in Individual New Business APE and 27% YoY Growth on Total New Business APE for 9MFY23 ☐ AUM as of December 31, 2022 stands at INR 21,078 crore with 18% YoY growth. IndiaFirst Life improved its 9MFY23 ranking by 1 position to 10th on Individual New Business APE as compared to FY22 (among private peers) Market share amongst Private Insurers stands at 2.7% for 9MFY23 (Individual NB APE terms). Gross premium income stands at INR 4,200 crore for 9MFY23. ☐ Net loss for 9MFY23 stands at INR 25 crore. BOB Financial - Credit reimagined - A wholly owned subsidiary of Bank of Baroda BOB Financial Solutions Limited (Subsidiary Holding -100%) Number of Cards (Card base) as of December 31,2022 stood at approx. 17.52 lakhs New Credit Cards issuance in Q3FY23 grew by 231% compared to Q3FY22 Spends in Q3FY23 grew by 163% compared to Q3FY22. Net Profit for Q3FY23 stands at INR 5.46 crore. Credit rating of A1+. CRAR as of December 30, 2022 is at 21.64%. Baroda बैंक ऑफ़ बड़ौदा Bank of Baroda BNP PARIBAS MUTUAL FUND विजया VIJAYA Baroda BNP Paribas Asset Management India Pvt. Ltd. (Subsidiary Holding - 50.1%) सेना DENA ☐ Following the JV, our product range, AUM as well as share of equity AUM has increased substantially with touch points over 120 cities across India. ☐ Overall AAUM for Q3FY23 stands at INR 25,732 crore. This includes the offshore advisory AAUM of INR 1,988 crore. Average AUM is higher by 4% QoQ. Equity and Fixed Income Average AUM grew by 6% and 3% QoQ respectively. Gross Revenue for Q3FY23 is INR 28.31 crore increasing by 12% on a QoQ basis. ☐ Net loss for Q3FY23 stands at INR 2.63 crore including one time amortization cost and goodwill amortization. Note: APE stands for Annualised Premium Equivalent, where single premium is considered at 10% © 2023 Bank of Baroda. All Rights Reserved Page | 37#38Subsidiaries and JVs Performance ¡INFRADEBT India Infradebt Limited (Joint Venture of 40.99%) India Infradebt Limited focused on disbursement in renewable energy, road and other sectors during the quarter. Total Income (NII + Other Income) during 9MFY23 stood at INR 348 crore. Operating Profit for 9MFY23 grew by 24.3% and stands at INR 317.9 crore. Net profit in 9MFY23 increased by 24.7% YoY to INR 281.4 crore. बड़ौदा ग्लोबल शेयर्ड सर्विसेज Baroda Global Shared Services Baroda Global Shared Services Limited (Subsidiary Holding -100%) ☐ BGSSL total income grew by 159.15% YoY in Q3FY23. ☐ Total Revenue grew by 161.30% YoY in Q3FY23 and stood at INR 152.26 crore. ☐ Quarterly Net Profit for Q3FY23 stands at INR 2.20 crore. Direct Sales Team (DST): sanctioned more than INR 7,300 crore since inception (Auto Loan, Home Loans, LAP, Education Loan). B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA BOBCAPS TRUST INNOVATION I EXCELLENCE मेना DENA BOB Capital Markets Limited (Subsidiary Holding -100%) The gross revenue for Q3FY23 stands at INR 7.69 crore. During Q3FY23, Debt Syndication team has closed 5 transactions aggregating to INR 915 crore. ☐ New revamped online trading platform in Retail Broking has resulted in rapid growth in monthly client acquisitions. Over 9,100 new trading accounts were opened in December 2022. This has led to 101% increase in retail client base as on Q3FY23 compared to Q3FY22. ☐ Institutional Broking revenue has shown YoY growth of 16% despite YoY decline in Q3FY23 market volumes in both Cash and F&O segments. Net loss for Q3FY23 stands at INR 1.94 crore. © 2023 Bank of Baroda. All Rights Reserved Page 38#39Overseas Subsidiaries and JVs performance B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मैना DENA Bank of Baroda (Uganda) Ltd. (Subsidiary Holding - 80%) Total Deposits of Bank of Baroda (Uganda) stood at INR 3,814 crore as of 9MFY23 registering a growth of 18.67% YoY. The net advances grew by 23.26% on a YoY basis to INR 2,345 crore in 9MFY23. Bank of Baroda (Kenya) Ltd. (Subsidiary Holding - 86.7%) Total Deposits of Bank of Baroda (Kenya) stood at INR 10,144 crore as of 9MFY23 registering a YoY growth of 4.85%. The net advances grew by 9% on a YoY basis and stood at INR 3,897 crore in 9MFY23. Bank of Baroda (UK) Ltd. (Subsidiary Holding -100%) Total Deposits of Bank of Baroda (UK) stands at INR 6,364 crore as of 9MFY23. The net advances stands at INR 2,364 crore as on 9MFY23 i.e. negative YoY growth of 13.63%. ☐ Net profit increased by 13.49% YoY to INR 170.33 crore during 9MFY23 as per IGAAP/ INDAS guidelines applicable in India. However, as per Uganda Financial Reporting Standards (UFRS) prevailing in the country, the subsidiary has booked a profit of INR 188 crore. The RONW for the period 9MFY23 stands at 18.07%. ☐ Net profit decreased by 39.40% YoY to INR 143.07 crore during 9MFY23 due to MTM losses as per IGAAP/ INDAS guidelines applicable in India. However, as per Kenya Financial Reporting Standards (KFRS) prevailing in the country, the subsidiary has booked a profit of INR 244 crore. The RONW for 9MFY23 stands at 10.04%. ☐ NIL NPAs. The GNPA ratio as of 9MFY23 is at 0.47%. Note: Uganda and Kenya are December ended subsidiaries. As such, figures of 9M are of September 2022 in line with CFS. © 2023 Bank of Baroda. All Rights Reserved Page 39#40Balance Sheet and PL- Consolidated B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA सेना DENA Particulars Particulars Dec '21 Sep '22 Dec '22 Q3FY22 Q3FY23 ΥΟΥ (%) (INR crore) (INR crore) CAPITAL & LIABILITIES Net Interest Income 8,922 11,572 29.7 Capital 1,036 1,036 1,036 Non Interest Income Share Application Money Pending 3,351 5,619 67.7 0 0 0 Allotment Total Income 12,273 17,191 40.1 Reserves & Surplus 87,412 96,467 1,01,551 Minority Interest 488 890 928 Operating Expenses 6,292 7,472 18.8 Deposits 10,07,753 11,19,041 Borrowings 96,077 Other Liabilities & Provisions 54,283 TOTAL 12,47,049 1,17,332 63,954 13,98,720 11,79,393 1,07,371 68,188 14,58,467 Operating Profit 5,981 9,719 62.5 Provisions 2,688 3,540 31.7 ASSETS Profit before Tax 3,293 6,179 87.6 Cash and Balances with RBI 62,588 52,145 Balances with Banks 42,723 43,833 Investments 3,28,508 3,81,277 51,875 47,737 3,83,309 Tax 845 2,013 -- Minority Interest 24 Loans & Advances 7,51,572 8,57,458 9,12,440 Share of Earning in Associates 40 Fixed Assets 7,707 9,598 9,214 40 24 50 190 Other Assets Goodwill on Consolidation 53,727 53,498 52,981 Profit after Tax 2,464 4,306 74.8 224 911 911 TOTAL 12,47,049 13,98,720 14,58,467 EPS (INR) 4.76 8.33 74.9 © 2023 Bank of Baroda. All Rights Reserved Page | 40#41Disclaimer B बैंक ऑफ़ बड़ौदा Bank of Baroda विजया VIJAYA मेना DENA The information contained in this presentation is provided by Bank of Baroda (the "Bank”) to you solely for your information. This document is highly confidential and being given solely for your use and may not be retained by you and neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) re-circulated, redistributed, passed on, published in any media, website or otherwise disseminated, to any other person, in any form or in part or as a whole, without the prior written consent of the Bank. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. This presentation does not purport to be a complete description of the markets' conditions or developments referred to in the material. manner, This presentation is for private circulation only and does not constitute and should not be construed as an offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Bank, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment therefor. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. No representation, warranty, guarantee or undertaking, express or implied, is or will be made or any assurance given as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information, estimates, projections or opinions contained herein. Potential investors must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. The statements contained in this presentation speak only as at the date as of which they are made, and the Bank expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. Neither the Bank nor any of its respective affiliates, its board of directors, its management, advisers or representatives, including any lead managers and their affiliates, or any other persons that may participate in any offering of securities of the Bank, shall have any responsibility or liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The Bank may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes. Certain statements made in this presentation may be "forward looking statements" for purposes of laws and regulations of India and other than India. 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Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions, including future changes or developments in the Bank's business, its competitive environment, information technology and political, economic, legal, regulatory and social conditions in India, which the Bank believes to be reasonable in light of its operating experience in recent years. The Bank does not undertake to revise any forward-looking statement that may be made from time to time by or on behalf of the Bank. This presentation is not an offer to sell or a solicitation of any offer to buy the securities of the Bank in the United States or in any other jurisdiction where such offer or sale would be unlawful. Securities may not be offered, sold, resold, pledged, delivered, distributed or transferred, directly or indirectly, in to or within the United States absent registration under the United States Securities Act of 1933, as amended (the "Securities Act"), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. The Banks's securities have not been and will not be registered under the Securities Act. Neither this document nor any part or copy of it may be distributed, directly or indirectly, in the United States. The distribution of this document in certain jurisdictions may be restricted by law and persons in to whose possession this presentation comes should inform themselves about and observe any such restrictions. By reviewing this presentation, you agree to be bound by the foregoing limitations. You further represent and agree that you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation. The financial figures and ratios, are based on the audited financials or limited review financials or based on management estimates. © 2023 Bank of Baroda. All Rights Reserved Page 41#42Thank You Try bob World Scan QR code to download 0 © 2023 Bank of Baroda. All Rights Reserved AT&T 01 ((p)) 4 金 No Pho QR Code Camera Use the built-in Camera to scan any QR Code. When a code is detected, tap the notification or drag down on the notification to view more options. Screen Mirroring <tv SLO-MO VIDEO PHOTO PORTRAIT SQUAR B बैंक ऑफ़ बड़ौदा Bank of Baroda Faratat VIJAYA मेना DENA bob World बैंक ऑफ़ बड़ौदा Bank of Baroda v3.0 © Bank of Baroda. All rights reserved. Page | 42