Bank of Baroda reported audited standalone earnings results for the fourth quarter and full year and audited consolidated earnings results for the year ended March 31, 2013. For the quarter, on standalone basis, the company reported interest earned of INR 90,715.7 million against INR 81,185.2 million a year ago. Operating profit before provision and contingencies was INR 21,820.4 million against INR 20,509.3 million a year ago. Profit from ordinary activities before tax was INR 5,463.3 million against INR 11,965.1 million a year ago. Net profit was INR 10,288.5 million or INR 24.99 per basic and diluted share before and after extraordinary items against INR 15,181.8 million or INR 38.73 per basic and diluted share before and after extraordinary items a year ago. Return on assets was 0.79% against 1.41% a year ago. For the year, on standalone basis, the company reported interest earned of INR 351,966.5 million against INR 296,737.2 million a year ago. Operating profit before provision and contingencies was INR 90,737.8 million against INR 86,303.7 million a year ago. Profit from ordinary activities before tax was INR 48,312.3 million against INR 60,258.0 million a year ago. Net profit was INR 44,807.2 million or INR 108.84 per basic and diluted share before and after extraordinary items against INR 50,069.6 million or INR 127.84 per basic and diluted share before and after extraordinary items a year ago. Return on assets was 0.90% against 1.24% a year ago. For the year, on consolidated basis, the company reported interest earned of INR 364,420.6 million against INR 304,884.9 million a year ago. Operating profit before provision and contingencies was INR 102,345.4 million against INR 94,587.8 million a year ago. Profit from ordinary activities before tax was INR 51,946.2 million against INR 63,037.5 million a year ago. Net profit was INR 48,042.3 million or INR 116.70 per basic and diluted share before and after extraordinary items against INR 52,485.7 million or INR 134.01 per basic and diluted share before and after extraordinary items a year ago.

Bank Of Baroda has informed the Exchange that the Board of Directors of the Bank at its meeting held on May 13, 2013 has recommended a dividend of INR 21.50 (Rupees Twenty One & Paise Fifty only) per equity share (equity shares of INR 10 each fully paid-up) for the fiscal year 2012-13 subject to necessary approvals and declaration at the ensuing Annual General Meeting of the shareholders of the Bank.

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