Annual Report - Bank of Baroda

Risk Management measures such as Value at Risk (VaR) is
used to measure Market Risk on all portfolios. These measures
are backed up by the Back Testing on risk numbers and Stress
Testing of portfolios.
Corporate Social Responsibility (CSR)
Like in business, the Bank aspires to score high on Corporate
Conscience. As a responsible corporate citizen, it is the vision
of the Bank to empower the community through socio-economic
development of underprivileged and weaker sections. In its
continued efforts to make a difference to the society at large,
the Bank further intensified its efforts in this direction during
the year 2010-11.
Our Corporate Social Responsibility initiatives - Efforts to
make a difference to the society at large
The Bank has established Baroda Swarozgar Vikas Sansthan
(Baroda R-SETI) for imparting training to unemployed youth,
free of cost for gainful self employment and entrepreneurship
skill development which help them improve their family
economic status and also gives a boost to the local economies
from where they operate.
So far, 36 such Santhans have been established by the Bank
in which more than 79,000 young persons have been trained
and around 50,000 have been gainfully self employed.
The Bank has established 52 Baroda Gramin Paramarsh
Kendra for knowledge sharing, problem solving and credit
counseling for rural masses across the country. In order to
spread awareness among the rural masses on various financial
and banking services and to speed up the process of financial
inclusion, the Bank has also established 14 Financial literacy
and Credit counseling Centres (FLCCs) during the year 2010-
11 taking the total number of FLCCs to 18.
Asset Quality Management
Bank of Baroda has rightly earned a reputation for excellence
in the Asset Quality management. Even during the year 2010-
11, the Bank was able to maintain the best asset quality in the
Indian banking system by smartly and strategically managing
its Non Performing Asset (NPA) portfolio.
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