BANK OF INDIA ANNOUNCES FINANCIAL RESULTS FOR QUARTER JUNE, 2016 (Q1, FY 17) PRESS RELEASE. Highlights (on Standalone basis)

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1 BANK OF INDIA ANNOUNCES FINANCIAL RESULTS FOR QUARTER JUNE, 2016 (Q1, FY 17) PRESS RELEASE Highlights (on Standalone basis) Total business of the Bank stood at Rs.885,573 crore as of June 2016 as compared to Rs.894,667 crore as of March On a YOY basis, the total business declined by 2.02%. This was a result of Bank s strategy to consolidate the balance sheet. CASA deposits grew by 13.42% YOY and its share in deposits (domestic) improved further from % in June 2015 to % in March 2016 and further to 35.33% in June While total advances at Rs.387,573 crore grew sequentially by 1.55% over Q4 of FY16, on a YOY basis, advances were lower by 2.03%. In line with the guidelines the share of Corporate loans in total advances was brought down further from 56% in June 2015 to 52.22% as of June Retail advances increased by 12.75% YOY and its share in total advances increased from 11.95% to 13.80%. Incremental NPA during Q1 FY17 stood at Rs.1995 crore thereby reversing the trend of increasing incremental NPAs for last 4 Quarters. The share of gross NPAs in total advances increased marginally from 13.07% in March 2016 to 13.38% in June The Provision Coverage Ratio improved from 51.14% in March 2016 to 53.06% in June Total stressed assets ratio stood at 16.35%. Bank has pruned its net loss sequential basis from Rs.3587 crore in March 2016 to Rs.741 crore in June In corresponding quarter of FY16 bank had posted a net profit of Rs.130 crore. As per BASEL III, the capital adequacy ratio stood at 7.59% CET1, 9.00% Tier I, 3.10% Tier II and 12.10% Total capital.

2 Fresh slippages for the quarter stood at Rs.6233 crore whereas total reduction in NPAs amounted to Rs.4237 crore during the quarter under review. Bank of India announced its audited results for the Q1 of FY 2017, following the approval of its Board of Directors on August 12, Results at a Glance (Standalone Basis) Particulars Quarterly Results (Rs. Crore) June 15 Mar 16 June 16 Total Income 11,659 11,385 10,664 Interest Income 10,819 10,501 9,426 Interest Expenses 7,906 7,314 6,651 Net Interest Income 2,913 3,187 2,775 Other Income ,238 Total Expenses 9,955 9,921 9,010 of which, Staff Cost 1,119 1,654 1,288 Operating Profit 1,704 1,464 1,654 Total Provisions 1,574 5,051 2,395 Provision for Tax Net Profit/Loss 130-3, INCOME: The Bank s Total Income stood at Rs.10,664 crore in Q1 FY17. Net Interest Income stood at Rs crore. Other Income increased by % (YoY basis) to Rs1,238 crore, driven by improved trading gains. EXPENSES: The Bank s Total Expenses decreased by 9.49% (YoY basis) to Rs.9,010 crore in Q1 FY17 driven primarily by reduction in cost of deposits. The interest expenses reduced by 15.88% (YoY basis) from Rs. 7,906 crore as at June 30, 2015 to Rs.6,651 crore as at June 30, Operating expenses were contained with a reduction of 9.47% during quarter ended in March 2016 and June Page 2 of 5

3 PROFIT: The Bank s Operating Profit was Rs.1,654 crore in Q1 FY17 (as against Rs.1,704 crore in Q1 FY16), whereas PAT stood at Rs crore as compared to PAT of Rs. 3,587 crore in the trailing quarter of March NET INTEREST MARGIN: The Domestic Net Interest Margin (NIM) has improved from 2.43 % in quarter March 2016 to 2.54% in June 2016 while the NIM for International operations has improved from 1.24% to 1.42% for the corresponding period sequentially. The Global NIM has improved from 2.06% in March 2016 quarter to 2.20% in June 2016 sequentially. ASSET QUALITY: Gross NPA (GNPA) of the Bank stood at Rs.51,875 Crore as at June 30, 2016 as compared to Rs.49,879 crore as at March 31, The Gross NPA ratio stood at % as compared to 6.80 % as at June 30, 2015 and 13.07% as at March 31, The corresponding figures of the Net NPA ratio stood at 7.78%, 4.11% and 7.79% respectively. Total Restructured Standard Assets of the Bank were Rs.11,496 crore as at June 30, The total Stressed Assets (GNPA + Restructured Standard Assets) were 16.35% of the Gross Advances. PROVISIONS AND CONTINGENCIES: Provisions and Contingencies (excluding tax provisions) made by the Bank stood at Rs.2,770 crore in Q1 FY17. Provisions against NPAs/Bad Debts written off stood at Rs.2,453 crore in Q1 FY17. The Provision Coverage Ratio (PCR) was at 53.06% on June 30, Page 3 of 5

4 CAPITAL ADEQUACY: The CRAR on standalone basis (Basel III) is 12.10% as at June 30, Out of this, the Tier-I capital was 9.00% and Tier -II Capital was 3.10 %. STAR MISSION ONE: Bank s three MANTRAS of Star Mission One are: NPA Management, CASA augmentation by increasing CASA to 35% (on daily average basis), Rebalancing of Advances portfolio in favour of Retail lending (Retail, MSME and Agriculture). August 12, 2016 Mumbai Sd/- Jain Bhushan Chief Financial Officer Page 4 of 5

5 About Bank of India Bank of India was founded on 7 th September 1906 by a group of eminent businessmen of Mumbai Sir Sassoon David, Sir Cowasjee Jehangir, first Baronet, and Mr. Ramnarain Hurnandrai. First Indian Bank to establish a Branch outside India when it opened its London Branch on 1st July 1946 followed by Tokyo branch in 1950 and also the first to open a branch in Continental Europe in Paris in First Indian Bank to offer ATM services of fully computerized branch Mahalaxmi, Mumbai on 8th August 1988 (i.e ). Strong International Presence across FIVE Continents spanning 22 countries with 61 offices (28 branches, 5 Rep offices, 27 subsidiaries, 1 Joint Venture). Subsidiaries: 4 Domestic & 5 Overseas Associates: 7 (of which, 3 Regional Rural Banks) Joint Ventures: 1 (Domestic) Visit us at Facebook: For further details, please contact: Shri Jain Bhushan General Manager & CFO Bank of India Phone: HeadOffice.Comptrollers@bankofindia.co.in Page 5 of 5

BANK OF BARODA ANNOUNCES FINANCIAL RESULTS FOR QUARTER 1 OF FY Press Release. Highlights (Standalone Basis)

BANK OF BARODA ANNOUNCES FINANCIAL RESULTS FOR QUARTER 1 OF FY 2017 Press Release Highlights (Standalone Basis) Operating profit of INR 2,669 crore, the highest in the last 5 quarters. Profit after Tax