KNOW YOUR BANK

1. Founder- Maharaja Sayajirao Gaekwad III

2. Date of foundation – 20 July 1908
3. Nationalization of BOB- 19 July 1969
4. Logo- Baroda Sun
5. Core Values –(i) Integrity (ii) Customer Centricity (iii) Courage (iv) Passionate
Ownership (v) Innovation (vi) Excellence
6. Code of Ethics –(i)We Barodians (ii)Our Customers (iii)Our External
Stakeholders (iv)Our Business (v)Our Communities
7. No. of branches- Domestic - 8161, Overseas Br/ offices- 94 in 17 countries
8. No. of ATMs- 11461
9. Share of BOB in IndiaFirst Life Insurance Company- 65%
10. Share of BOB in M/s India Infradebt Ltd. - 41%
11. SLBC Convenor- U.P, Gujarat & Rajasthan
12. RBI Nominee director in BOB- Ms Parvathy V sundaram
13. GoI nominee director in BOB- Mr. Amit Agrawal
14. Chief Finance Officer- Mr. Ian Desouza
15. Global Deposit- 10.90 lakh crore (13.6% YoY)
16. Global Advances – 8.73 lakh crore (19% YoY)
17. International advance growth – 41.7% & International Deposit growth –
38.3% YoY
18. Domestic deposit 30.09.2022- Rs.9.59 lakh crore (10.9% up YoY)
19. Domestic Advances 30.09.2022 – Rs.7.17 lakh crore (up 15% YoY)
20. Domestic Current Account Deposits – Rs.64873 cr (up 7.9% YoY)
21. Domestic SB –Rs.3.45 lakh crore (up 9.4%)
22. Domestic CASA Rs.4.10 lakh crore (up 9.2% YoY)
23. Operating profit Q2- Rs.6031 cr
24. Net Profit (Q2) 2023- Rs.3313 crore (up 58.7% YoY), H1- Rs.5482 crore (up
66.3% YoY)
25. Organic Retail growth- 28.4%, home loan- 19%, auto loan- 29.2%, personal
loan- 172.8%, Edu loan-23.2%
26. Net Interest Income (NII) Q2 30.09.2022- Rs10174 crore, H1 – Rs.19013 cr
27. Net Interest Margin (NIM) 30.09.2022 – 3.33%
28. Fee bases income- Rs.1515 crore (up 12.3%)
29. Gross NPA 30.09.2022 – 5.31%
30. Provision Coverage Ratio- 79.4%
31. Net NPA 30.09.2022 – 1.16%
32. Capital Adequacy Ratio 30.09.2022 – 15.25%
33. Provision and Contingencies 30.09.2022 – Rs.1628 crore
34. Agriculture loan growth 14.1% YoY to Rs.1.15 lakh crore
35. Gold Loan portfolio- Rs.33502 crore (up 27.8% YoY)
36. Organic MSME growth 13.4% (YoY) to Rs.1.01 lakh crore
37. Cost of Deposit- 3.59%
38. Yield on advances – 7.22%
39. Return on Asset- 1.01%
40. Credit cost- 0.79%
 AWARENESS ABOUT INDIAN ECONOMY (gist of study material)

1. India is 5th largest economy by nominal GDP, 3rd largest by PPP

2. Share of Indian economy in world by PPP – 7.5%
3. India’s ranking on Ease of Doing Business – 63 and on Global Competitiveness Index- 68
4. Share of service sector in GDP- 50%
5. World’s 6th largest manufacturer (2.6% of global mfg.)
6. Forex reserve- $588,314 billion
7. National Income Committee – Prof. PC Mahalnobis in 1949
8. National Statistical Commission – 1st June 2002 on recommendation of Rangarajan
Commission
9. Present Base year for calculating economic growth – 2011-12
10. Human Development Index is prepared by UNDP in Human Development Report
11. Measure of HDI- (i) Life Expectancy (ii) Educational attainment (iii) Standard of living
12. Indicators of Physical Quality of Life Index – (i) Life Expectancy (ii) Infant mortality rate (iii)
Basic literacy
13. Health care industry of India - $372 billion (2022)
14. Target for installation of renewal energy by 2022 – 175 gigawatts
15. IT start-ups attaining Unicorn status- 33
16. Internet users – 56 crore
UNION BUDGET 2022-23
1. Economic growth estimate – 9.2%
2. 7 drivers of PM Gatishakti- Road, Railways, Airport, Ports, Mass Transport, Waterways &
Logistic infrastructure
3. National highway network to be expanded by 25000 km in 2022-23
4. Target to mobilize Rs.20000 crore for NH expansion
5. 2000 km rail network to be brought under Kavach (train protection system) in 2022-23
6. Parvatmala – for National Ropeway Development Program, 60 km ropeway target in 2022-
23 (8 projects)
7. Rs.2.37 lakh crore direct payment made to 1.63 crore farmers
8. Ken Betwa project outlay Rs.1400 crore
9. 130 lakh MSME provided additional credit under ECLGS
10. Total cover under ECLGS – Rs.5 lakh crore
11. Rs.2 lakh crore additional credit for MSME under CGTMSE
12. RAMP (Raising and Accelerating MSME Performance ) outlay Rs.6000 cr
13. DESH Stack e-portal for Digital Ecosystem for Skilling and Livelihood
14. PM eVidya – One class one TV channel program (200 channels)
15. Target to set up 23 tele mental health centres of excellence with NIMHANS & IIIT Bangalore
16. Har Ghar Nal se jal outlay Rs.60000 crore for 3.8 crore household in 2022.23
17. Housing for All outlay Rs.48000 crore for 2022-23 under PMAY
18. Rs.1500 crore outlay for PM-DevINE (PM Development Initiative for North East)
19. Vibrant Villages program for border villages
20. 1.5 lakh post offices to come under CBS
21. 75 DBU by commercial banks
22. Unique Land Parcel Identification Number for land records management
23. C-PACE – Centre for Processing Accelerated Corporate Exit
24. AtmaNirbharta in Defence- 68% purchase from domestic industry
25. Additional Rs.19500 crore for PLI for mfg. of high efficiency solar modules to meet goal of
280GW by 2030
26. Budget expenditure estimate 2022-23- Rs.39.45 lakh crore
27. Alternate Minimum Tax by cooperative societies – 15%

IMPORTANT DEVELOPMENTS IN THE ECONOMY

1. FDI Inflow in 2021-22- Rs.6.31 lakh crore (7th in world)

2. Highest FDI inflow from Singapore (27.01%)
3. Highest FDI inflow in computer s/w and h/w (12.13%)
4. Highest FDI inflow in Karnataka (37.55%)
5. ECB limit increase (temporary) via automatic route – $1.5 bn
6. Shipment tracking service for exports by MSME – Freightwalla
7. Cashinvoice – Supply Chain Finance Platform
8. PLI scheme extended till 2025-26
9. Rs.76000 crore PLI for development of semiconductor and display mfg. ecosystem
10. Budget outlay for Deep Ocean Mission Rs.4077 crore
11. Target under GatiShakti – 11 industrial corridors, 2 defense corridors (TN & UP), 38
electronics mfg. clusters, 109 pharma clusters, cargo handling 1759 MTPA, adding 200
airports etc., 17000 km gas pipeline
12. National Infrastructure Pipeline to cover all projects having cost above Rs.100 crore
13. National Monetisation Pipeline – monetization of Rs. 6.0 lakh crore assets by 2025
14. India and Singapore to link their fast payment systems UPI and PayNow
15. MOU with Indonesia for AML-CFT
16. Digi Saathi- 24*7 helpline for digital payments
17. UPI123Pay by RBI for feature phone users for digital payments
18. E-BAAT- electronic Banking Awareness and Training
19. BBPS can be used to pay bills by NRIs
20. RBI ‘Payments Vision 2025’ – 4E- E-payments for Everyone, Everywhere, Everytime
21. E-mandate for recurring payments by cards – limit Rs.15000
22. RBIH- Reserve Bank Innovation Hub in Bengaluru, initial capital contribution Rs.100 crore,
Chairman Kris Gopalakrishnan
23. UPI lite transaction limit Rs.200, wallet e- balance Rs.2000
24. E-RUPI- Digital prepaid voucher in the form of SMS or QR code, validity 12 months
25. Metaverse Banking- Combination of Virtual Reality, Augmented Reality and Internet for
banking in virtual environment from home. JP Morgan is first bank to set up shop in
Metaverse, others are HSBC and Union Bank of India (Uni-verse)
 COMPLIANCE

1. The board shall review compliance function on a quarterly basis.

2. Tenor CGCO will be not less than 3 years
3. Off site compliance test checking for KYC AML on monthly basis.
4. On site compliance test checking of 25% branches on quarterly basis
5. On site compliance test checking of Corporate / Head office / domestic subsidiaries on half
yearly basis
6. Quarterly compliance test check of branches (5% minimum 15 branches) by ZCOs
7. Meeting of compliance forum on quarterly basis

List of periodical reporting to the Board/ACB/MD & CEO

1. Note to Board on Compliance Function every quarter.

2. Note to the Board on Overseas Regulatory Violations every quarter, based on the report received
from the Bank’s International Division.

3. Note to the Board on monthly basis on Directions/ Regulations issued by the RBI/ Regulator.
4. Note to the Managing Director & CEO on monthly basis on compliance function covering activities
undertaken during the month.
5. Note to ACB on quarterly basis on the guidelines issued by RBI including Action Taken Report
received from the functional department on compliance of these guidelines.

6. Note to ACB/Board annually on compliance risk faced by the Bank.

7. Note to ACB on Half-Yearly basis on Penalties imposed / compliance breaches and failures / penal
action taken against the Bank under various laws and statutes and Action Taken for corrective
measures.

8. Note to the Audit Committee of the Board (ACB) on “On-Site Compliance Test Checking” carried
out by Regional Compliance Officers (RCOs) on quarterly basis.

9. Note to the Managing Director & CEO on “Off-Site Compliance Test Checking” on monthly basis.

10. Note to the Board on Compliance Function on annual basis as of 31st March.

11. Note to the Board on “Code of Fair Disclosure and Conduct (Formerly known as Code of Conduct
for Prohibition of Insider Trading)” on quarterly basis.

12. Note to the Managing Director & CEO on any special matters.

13. Reporting promptly to the Board, any material Compliance failure (as and when occurs) that may
attract a significant risk of regulatory or legal sanctions including warning, strictures, prohibitions,
restrictions and show cause notices etc.
14. Risk Assessment Report (RAR) & Risk Mitigation Plan (RMP) received from RBI under Supervisory
Programme for Assessment of Risk and capital (SPARC) for noting of the Board is submitted annually.
Moreover, the update on compliance of RMP is put up to the ACB/Board periodically.

15. Action Taken Report (ATR) on various guidelines / circulars issued by the Regulators is obtained
from the Functional Departments and a Note is furnished to the Managing Director & CEO on
monthly basis and to the Audit Committee of the Board (ACB) and to the Board of Directors in the
form of Quarterly Compliance Report.

16. A Consolidated Monthly Compliance Certificate of the Bank is submitted to the Board of
Directors signed by Managing Director & CEO and Chief Group Compliance Officer.

17. Note to ACB/ACE on quarterly basis on analysis of data dump by the Data Analytics Cell.

18. Any other matter required to be reported to the Top Management.

AUDIT & VIGILANCE

Credit Audit- 5 point alert

1. Late intimation of date of disbursement in account Rs.10 crore & above

2. Absence of pre sanction / pre disbursement inspection
3. Inadequate or no insurance
4. Pending vetting of document / legal audit
5. Release of facility without disbursement authority / non-compliance of conditions

Key benefits of CEMU

1. Early detection of errors which will minimize nearly missed events

2. Rectification of errors and improvement of data quality
3. Reduction in customer complaints
4. Provide true picture to controlling office about data quality
5. Saving of resources due to reduction of errors

TAT for attending CEMU reports by branches

Weekly reports – 2 days

Fortnightly reports – 3 days
Monthly reports – 7 days
Quarterly reports – 15 days
Yearly reports – 15 days

Risk Based Internal Audit

Business Risk parameters Control Risk parameters

Credit Risk Operational Control Risk
Operational Risk Credit Control Risk
Business Strategy & Environment risk Compliance Control Risk
Liquidity Risk IT Control Risk
Earnings Risk

Risk Control Matrix- 1315 check points (Business risk – 62, Control risk – 1253)

Branch Size on (Credit Exposure)- Category I- Above Rs.200 crore, Category II- Above Rs.50 crore
upto Rs.200 crore, Category III- Upto Rs.50 crore

Risk perception vis a vis Score- High <50%, Medium >=50% to 70%, Low >70%
TAT for compliance and closure of RBIA- Branches having credit portfolio Rs.100 Cr & above – 45
days, others – 30 days, 1st Compliance -15 days
Administrative Enforceability of Staff Accountability Policy

1st Pillar- Accountability as an inherent part of compliance culture

2nd Pillar – Administrative enforcement of accountability

3rd Pillar – Examination of Staff accountability

Red Flag points – Low risk -1, Medium risk – 3, High risk - 5
 MCQ ON INDIAN ECONOMY
1. In which year NSE was established? 1994
2. Mines and Minerals Development Regulation Act was enacted in the year?
1957
3. Pump priming mainly deals with which of the following? Increased government
expenditure during recession
4. Global Trust Bank was acquired by which of the following banks in year 2004?
Oriental Bank of Commerce
5. Headquarters of Indian Patent Office is located at? Kolkata
6. Who among the following has developed India Rupee Symbol? D Udaya Kumar
7. What are the General Anti-Avoidance Rules? GAAR is a set of rules aimed at
curbing aggressive tax planning
8. Which among the following is a correct definition of the “Inflationary gap”? The
difference between total spending at full employment level and total spending
above that level.
9. The “Inclusive Growth and Development Report” is published by which of the
following organisations? World Economic Forum
10. Which state in India is the largest producer of salt? Gujarat
11. Who among the following advocated the adoption of ‘ PURA’ model to eradicate
rural poverty? Dr. A.P.J. Abdul Kalam
12. In which system of economy is the “participation of the workers in the collective
bargaining” is a feature? Socialist economy
13. Which of the following countries follow a mixed economic system? India
14. Which sector has gained maximum from the 1991 LPG reforms? Tertiary
15. What is the objective of a welfare state? To ensure maximum benefit to
maximum people
16. Who gives approval for the usage of GM crops for cultivation? Ministry of
Environment, forest and climate change
17. National Bamboo Mission was launched in which year? 2009
18. Who maintains the price stabilization fund(PSF)’s corpus? Small Farmers
Agribusiness Consortium (SFAC)
19. Which organization funds Krishi Vignan Kendras? ICAR