Annual Report - Bank of Baroda
Annual Report - Bank of Baroda
Annual Report - Bank of Baroda
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Signing <strong>of</strong> MoU by <strong>Bank</strong> <strong>of</strong> <strong>Baroda</strong>, BOBCARDS Ltd. and<br />
BBVA, Madrid, Spain to form a JV Credit Card Business<br />
focus is on Debt Syndication, Private Equity Syndication and<br />
marketing activities. The company commenced institutional<br />
broking business in October 2009 and will be commencing<br />
retail broking shortly.<br />
The <strong>Baroda</strong> Pioneer Asset Management Company Ltd. is in its<br />
third year <strong>of</strong> operation. The Company has launched five new<br />
products during 2010-11 - <strong>Baroda</strong> Pioneer Infrastructure Fund,<br />
<strong>Baroda</strong> Pioneer Short Term Bond Fund, <strong>Baroda</strong> Pioneer PSU<br />
Equity Fund, <strong>Baroda</strong> Pioneer FMP 90 days Series I and <strong>Baroda</strong><br />
Pioneer FMP 380 days Series I.<br />
The IndiaFirst Life Insurance Company Ltd., a joint venture<br />
company, has received an overwhelming response from the<br />
<strong>Bank</strong>’s customers across the country making the fastest ever<br />
insurance company to reach Rs 100 crore premium collections<br />
in the first 100 days <strong>of</strong> its operations. The IndiaFirst is the first<br />
company to cross New Business Premium <strong>of</strong> Rs 202 crore in<br />
its first year <strong>of</strong> operations. With Rs 703 crore <strong>of</strong> new business<br />
in 2010-11 and Rs 200 crore in the four and a half months <strong>of</strong><br />
2009-10, IndiaFirst crossed Rs 900 crore mark <strong>of</strong> the total new<br />
business in exactly 500 days <strong>of</strong> commencement <strong>of</strong> its business<br />
operations on 16th November 2009.<br />
(` lakh)<br />
Entity (with date <strong>of</strong><br />
registration)<br />
BOB Capital Market<br />
Ltd., 11 March, 1996<br />
BOBCARDS Ltd., 29<br />
Sept., 1994<br />
Associate <strong>Baroda</strong><br />
Pioneer Asset Mgmt<br />
Co. Ltd., 5 Nov., 1992<br />
IndiaFirst Life Insurance<br />
Co. Ltd., 19 June, 2008<br />
Nainital <strong>Bank</strong> Ltd., 31<br />
July, 1922<br />
Country<br />
Owned<br />
Funds<br />
Total Assets Net Pr<strong>of</strong>it<br />
Offi ces Staff<br />
India 12,257.34 13,076.38 406.30 1 27<br />
India 11,343.65 19,070.11 1,026.91 34 117<br />
India 4,933.81 7,362.97 -1,538.37 1 59<br />
India 33,826.93 1,68,079.07 -6,475.25 13 1,181<br />
India 32,298.84 3,29,206.83 4,568.76 101 816<br />
Implementation <strong>of</strong> Official Language (OL) Policy<br />
During the year 2010-11, the <strong>Bank</strong> made significant progress<br />
in promoting and propagating the use <strong>of</strong> Official Language and<br />
ensured compliance <strong>of</strong> various other statutory requirements<br />
41<br />
Jeeef
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