Notes forming part of the financial results for the Quarter / Nine Months Ended 31.12.2008.

1.  The above financial results have been approved by the Board at its meeting held on 29/01/2009. The same has been subjected to review by the Statutory Central Auditors, as per the Listing Agreements.
2.  There has been no change in the Accounting Policies adopted during the quarter ended 31.12.2008 as compared to those followed in the preceeding financial year 2007-08. 
3.  Reconciliation / balancing of debit and credit outstanding entries in various heads of accounts, included in Inter Office Adjustments, NOSTRO, Drafts / TTs payable, Clearing Adjustments, Dividend/ Interest/ Refund Orders Paid / Payable etc is in progress. 
4.  The financial results for the quarter / nine months ended 31.12.08 have been arrived at after considering provision for NPAs, Standard Assets and depreciation/provision for Investments on the basis of prudential norms issuedby RBI. Provision for taxes (including Deferred tax, Wealth tax and Fringe Benefit tax) and Provision for contingencies including for employee benefits considered on estimated basis. 
5.  During the quarter, the bank has made additional provision of Rs.39.77 crores in certain identified Non Performing Advance accounts.
6.  In the absence of market valuation and consistent fair value quotes from issuers, on the basis of which valuation was done earlier, the CLNs have been valued adopting FIMMDA valuation method during the current quarter.The quantum of difference in depreciation, if any, is not ascertainable.
7.  A sum of Rs.135.15 crores has been charged to Profit and Loss A/c during the nine months on proportionate basis, of the Transitional liability of Rs.901 crores upto 31.03.2007, as per the Revised Accounting Standard (AS) 15 on Employee Benefits issued by the Institute of Chartered Accountants of India based on actuarial valuation.An amount of Rs.585.65 crores is to be charged proportionately by the end of March 2012.
8. The eighth Bipartite settlement entered into by IBA on behalf of the member banks with All India Unions of workmen / officers expired on 31st October 2007. Pending execution of new agreement, a provision of Rs. 350 crores has been made on estimated basis, as employee cost, of which Rs.250 crores is made during the nine months (Rs.130 crs during the quarter Dec.08).
9. In terms of Agricultural Debt Waiver and Debt Relief Scheme 2008, framed by the Government of India, the Bank has received Rs.208.91 crores from Reserve Bank of India on account of loans eligible for debt waiver scheme amounting to Rs.506.04 crores. The interest receivable from the Government has not been given effect to in the books. The amount is subject to certification by the Statutory Central Auditors.
10. Exceptional items Rs.69.07 crores (Net of Tax Rs.45.59 crores) represents profit on winding up of bank's Subsidiary Bank of Baroda (Hongkong) Ltd for the quarter ended 31 st December 2008. The amount shown in nine months is inclusive of Profit on sale of 51% holding in BOB AMC Ltd in June 2008.
11. Auditors qualifications for the year ended 31st March 2008 have been dealt with Note no.3 above.

12. Status of Investor's complaints : 

1. Pending at the beginning of the quarter    Nil
2. Received during the quarter        54
3. Disposed off during the quarter      54
4. Pending at the close of the quarter    Nil

13.  The figures of previous period have been regrouped / rearranged wherever necessary to correspond to current period classification.

SEGMENT REPORTING FOR THE QUARTER / NINE MONTHS ENDED 31.12.2008
Part A - Business Segments		Rs in lacs
Sr.  No.	Particulars	Quarter Ended 31.12.08	Nine Months Ended 31.12.08	Year Ended 31.03.08
		Reviewed	Reviewed	Audited
1	Segment Revenue
	(a) Treasury Operations	127370	325449	357698
	(b) Wholesale Banking	158553	390020	415659
	(c) Retail Banking	127600	375332	396040
	(d) Other Banking Operations	88833	194881	217054
	Total Revenue	502356	1285682	1386451
2	Segment Results
	(a) Treasury Operations	55688	63824	78879
	(b) Wholesale Banking	16570	48572	17514
	(c) Retail Banking	42205	131179	93737
	(d) Other Banking Operations	37924	111032	150022
	Total	152387	354607	340152
	Unallocated expenditure	45926	129787	119437
	Profit before Tax	106461	224820	220715
	Provision for Tax	35624	77369	77163
	Net Profit	70837	147451	143552
3	Capital Employed
	(a) Treasury Operations	359168	359168	350171
	(b) Wholesale Banking	352036	352036	320138
	(c) Retail Banking	243449	243449	199489
	(d) Other Banking Operations	280675	280675	218743
	(e) Unallocated	17658	17658	15852
	Total Capital Employed	1252986	1252986	1104393

Part-B : Geographic Segments		Rs in lacs
Sr.  No.	Particulars	Quarter Ended  31.12.08	Nine Months Ended 31.12.08	Year Ended 31.03.08
		Reviewed	Reviewed	Audited
1	Revenue
	(a) Domestic	433136	1112214	1189514
	(b) International	69220	173468	196937
	Total	502356	1285682	1386451
2	Assets
	(a) Domestic	15981096	15981096	14252003
	(b) International	4036204	4036204	3707949
	Total	20017300	20017300	17959952