Bank of Baroda clerk result 2011 www.bankofbaroda.com BRJ News

Bank of Baroda has an extensive network of 3450 branches spanning the length and breadth of the country. There is a branch in the vicinity of everyone in need of a banking solution.

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Bank of Baroda Result 2011
BOB Recruitment of Clerical Staff – Project 2011-Written Test Results…
Bank of Baroda result for written test result for Clerical Staff – Project 2011 will be displayed on Bank’s website now. Bank shall be filling the vacancies through Recruitment of Clerical Staff – Project 2011 for which the written test was conducted on 13-03-2011 and 17-04-2011 respectively. Recruitment of Clerical Staff – Project – 2011 – 2000 Vacancies. Bank of Baroda Clerk Result 2011 has been announced today on 29th July 2011. On the basis of performance in written test, list of qualified candidates in test has been issued by Bank of Baroda. Candidates can check their Roll Numbers in the issued list. These eligible candidates are invited for interview. BOB Clerks Interviews are scheduled to be held from 22nd Aug 2011 onwards.

Necessary intimation for Bank of Baroda Clerk Interview is being sent to eligible candidates by SMS, E-Mail & Post about. Date, Time & Venue of interview will be intimated soon. BOB Interview Call Letter will be displayed shortly at www.bankofbaroda.com.

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Bank of Baroda has come out with the financial results for the quarter ended June 11 and has conducted analyst meet on 27 July 11 at Mumbai. The conference was addressed by the MD Mallya - Chairman and managing Director, Rajiv Kumar Bakshi and N S Srinath - Executive directors and Rupa Rege Nitsure - Chief economist of the bank

Highlights of the call are:

• Business of the bank has improved by 24% y-o-y and 2% q-o-q to Rs 545283 crore at end of June 11. Domestic business grew 22% y-o-y and 0.6% q-o-q to Rs 405156 crore and overseas business grew by 29% y-o-y and 6.7% q-o-q to Rs 140127 crore in the quarter under review.
• Balance sheet has improved by 24% y-o-y and 3% q-o-q to Rs 269831 crore for the quarter ended June 11.
• Advances grew by 25% y-o-y and 2% q-o-q to Rs 232340.1 crore for the quarter ended June 11. Overseas advances grew 7.5% q-o-q and 28% y-o-y to Rs 63719 crore in quarter under review. The domestic advances grew 25.2% y-o-y and 1.6% q-o-q to Rs 232340 crore. Retail credit grew 24% y-o-y and slipped by 4.6% q-o-q to Rs 30934 crore of which housing loans grew 20% y-o-y and 3% q-o-q to Rs 12910 crore. SME credit grew by 31.4% y-o-y and 3.7% q-o-q to Rs 28367 crore. The management expects to grow advances by 24% for FY12.
• Global Deposits grew by 23% y-o-y and 2.5% q-o-q to Rs 312943 crore at end of June 11. Domestic deposits grew 20.6% y-o-y and 1.4% q-o-q to Rs 236536 crore while domestic CASA deposits grew 16% to Rs 80225 crore in quarter ended June 11. The Overseas deposits grew 36% y-o-y and 6% q-o-q to Rs 76407 crore while that of Overseas CASA deposits grew 23.4% and fell 5.5% q-o-q to Rs 6996 crore in the quarter under review. Share of domestic CASA deposits stood at 33.92% in terms of aggregate deposits and at 35.90% in terms of core deposits as on 30 June 11.
• Global cost of deposits inched up from 4.39% in quarter ended June 10 to 5.36% in quarter ended June 11. Domestic cost of deposits inched up from 5.09% in June 10 to 5.63% in March 11 to 6.41% in June 11. On the other hand, overseas cost of deposits declined to 1.80% in quarter under review against 1.83% at in quarter ended March 11 and 1.95% in quarter ended June 10.
• Global yield on advances inched up from 8.17% in June 10 to 8.74% in March 11 to 9.11% in June 11. Domestic yield on advances have inched up from 9.79% to 10.65% in March 11 to 11.23% in June 11. Total size of domestic investment book stood at Rs 79818 crore, while that of overseas book stood at Rs 3084 crore. As of June end, share of SLR securities in total investment was 87.95%. % of SLR to NDTL stood at 25.96%. Modified duration of investment book stood at 2.50 years and that of HTM was 4.90 years.
• Global NIM slipped from 2.90% in June 10 and 3.45% in March 11 to 2.87% in the quarter under review. The domestic NIM has also declined from 3.43% in June 10 and 4.16% in March 11 to 3.39% in June 11. NIM in overseas operations improved from 1.31% in Q1FY11 to 1.37% in the quarter under review.
• Capital Adequacy ratio as per Basel II norms was 13.10% at end of June 11 against 13.25% in the corresponding previous year and 14.52% at end of March 11.
• The yield on investments improved to 7.47% in quarter under review against 6.66% in the corresponding previous year. Domestic yield on investment has increased to 7.59% in quarter under review against 7.60% a quarter ago and 6.83% a year ago.
• ROA stood at 1.13% for the quarter ended June 11 against 1.19% in the corresponding previous quarter. ROE stood at 19.88% against 23.46% a year ago.
• Asset Quality of the bank has deteriorated in the quarter under review. Gross NPA has increased by 29% y-o-y and 9% q-o-q to Rs 3425.46 crore for the quarter ended June 11. The slippages during the quarter were to the tune of Rs 584.82 crore of which Rs 566.19 crore were fresh slippages. Incremental delinquency ratio contained at 0.25% for Q1FY12 (annualized 1%). Further, Reductions from recovery at Rs 125.47 crore, up gradation Rs 71.48 crore, PWO and WO at Rs 114.91 crore amounted to Rs 311.86 crore. Slippages ratio for the quarter stood at 1% in quarter under review. % GNPA has also moved up to 1.46% against 1.41% a year ago and 1.36% a quarter ago. The management guided for delinquencies of 1-1.25% in FY12.
• The sectorial break up of Gross NPA% is as follows: Agri 4.10%, Large and medium industries 1.80%, Retail 2.11%, Housing 1.96%, MSME 2.50% and Overseas operations 0.62% etc.
• Net NPA has leaped up 43% y-o-y and 30% q-o-q to Rs 1024.42 crore in the quarter ended June 11. The %NNPA stood high at 0.44% against 0.39% a year ago and 0.35% a quarter ago. The provision coverage ratio including technical write off is 82.52% at end of June 11 against 85% at end of March 11.
• The Outstanding restructured book stood at Rs 7166.28 crore at end of June 11. Of this Rs 454.85 crore loans were restructured in the quarter under review. Nearly Rs 897.88 crore of restructured loan accounts (of Rs 1 crore and above) slipped in to NPA.
• The bank has opened 45 new branched in quarter ended June 11. It plans to open 269 branches in Tier I and Tier II centers and 253 branches in Tier 3 to 6 centers.
• Business per employee has increased to Rs 12.65 crore against Rs 10.57 crore in the corresponding previous year. Profit per employee has increased to Rs 2.57 lakh against Rs 2.23 lakh in the corresponding previous quarter.