P S Jayakumar
Managing Director & CEO
BCC: MD & CEO:107:59 December 29, 2015
Dear Shareholders,
Before I present to you the details of your Bank’s performance, I take this opportunity to express my humble gratitude as
I assume the role of Managing Director and CEO of this institution with a rich tradition and legacy of over hundred years, founded by the legendary Maharaja Sir Sayajirao Gaekwad III, the visionary ruler of Baroda.
On behalf of the Bank of Baroda’s Board, it is my pleasure to report the operating performance of your Bank for the half year ended 30 September 2015. Despite weak operating economic activity, your Bank consolidated its business and focused on conserving its healthy capital ratios during the first half of 2015-16 (or H1, FY16). Your Bank continued to enhance its effort to improve asset quality, sustain its strong capital base and steadily grow its deposit franchise.
The highlights of your Bank’s performance during the first half of the financial year FY16 are as follows:
1. Your Bank recorded Net Profit of ` 1,176.63 crore for the half-year ended September 30, 2015 as against ` 2,466.10 crore for the half-year ended September 30, 2014.
2. Your Bank’s Operating Profit stood at ` 4,538.97 crore for the half-year ended September 30, 2015 as against
` 4,882.53 crore for the corresponding period of last year.
3. Your Bank’s Global credit grew to ` 4,14,900 crore as at end-Sept, 2015 from ` 3,85,766 crore as at end-Sept, 2014, registering an increase of 7.55% on y-o-y basis. The growth in domestic loan book was well diversified. Within domestic segments, Retail Credit increased by 10.15% (y-o-y) to ` 52,188 crore and formed 18.2% of its Gross Domestic Credit.
Farm Credit grew by 16.96% (y-o-y) to ` 35,596 crore.
4.
Global Deposits of your Bank registered a growth of 8.03% from ` 5,66,926 crore as on September 30, 2014 to
` 6,12,458 crore as on September 30, 2015.
5. As a result, Global Business of your Bank grew by 7.84% (y-o-y) to ` 10,27,358 crore , as on 30th September 2015 from ` 9,52,692 crore as on 30th September 2014.
6. As on 30th Sept, 2015, your Bank’s Overseas Business contributed 31.71% to its Total Business.
7. The Operating Expenditure during Apr-Sept, 2015 for your Bank aggregated ` 4,276.39 crore as against ` 3,863.08 crore in Apr-Sept, 2014 reflecting a growth of 10.7
%.
8. Your Bank’s Net Non-Performing Assets ratio increased to 3.08
% as on September 30, 2015 as against 1.74
% on
September 30, 2014, and in absolute terms the Net NPA amount increased from ` 6,704.51 crore as on 30th Sept,
2014 to ` 12,797.82 crore as on 30th Sept, 2015 primarily due to ongoing industrial weaknesses.
9. Your Bank’s Capital Adequacy Ratio (CRAR) stood at 12.51% (as per Basel III) as on September 30, 2015. Within that, the Tier 1 Capital ratio under Basel III was placed at 9.92% and that of Core Tier 1 ratio was at 9.42
%. It may be noted that these ratios do not include the profits earned by the Bank during H1, FY16.
10. Your Bank’s NIM (in domestic operations) stood at 2.79% in H1, FY16 against 2.98% in H1, FY15.
1

2
11. Return on Average Assets (RoAA) of your Bank was at 0.33% (annualised) as on September 30, 2015 (H1, FY16).
Earnings per share (EPS–annualised) stood at ` 10.64 (annualized on face value of ` 2) as on September 30, 2015.
12. During H1, FY16, your Bank’s Return on Equity (ROE) was at 5.90% .
Amidst weak operating economic environment, your Bank’s top management focused on consolidating its performance during H1, FY16. This was achieved by remaining cautiously optimistic on the asset expansion front and concentrating more on strengthening the systems of cash recovery, credit monitoring and low cost deposit mobilization. Your Bank’s strong capital base proved to be its additional strengths. Moreover, your Bank continued to respond to a variety of customer demands by upgrading its technology platform and through a slew of initiatives to improvise its alternate delivery channels and enhance the customer experience. Your Bank sought to do this in the best interests of all its stakeholders. In recognition of your Bank’s performance, your Bank was conferred the Best Public Sector Bank under the category Global Business at the Dun & Bradstreet Banking Awards 2015. Further, your Bank was also awarded HR Excellence Award by Business world for “Best initiative for Engaging Superannuated Employees” and your Bank won First Prize under All India Rajbhasha Kriti
Purashkar Scheme of Govt. of India for Bank’s outstanding performance in Official Language Implementation under the category of nationalized banks in linguistic region “B”, for the year 2014-15.
After taking over the assignment by me, I wish to briefly put forward the major themes around which your Bank would strive to move forward in coming times. In the short-term, they include managing NPAs, enhancing credit quality and improving core profitability. Given the changing macroeconomic scenario, your Bank would engage in rebalancing its business portfolio towards more revenue earnings segments as well as enable tailored products and services so as to meet the rising expectations of the customers. Your Bank would also review its range of products and focus on pricing to risk. For the purpose of customer acquisition and cross-sell, your Bank would leverage Analytics to improve the share of customer business with the Bank. Your Bank is working on a detailed and time bound implementation plan to build state-of-the-art digital and technology platform to improve its efficiency and effectiveness. Also, to meet the emerging human resource challenge caused by large scale senior level retirements, your Bank would work on building a leadership pipeline through internal candidates and where required, supplement with external hires (mainly for specialized positions). Moreover, your
Bank would make efforts to review its work flow processes and strengthen them for detection of irregularities which would include centralized monitoring of transactions.
On behalf of the Board, I would like to thank our shareholders for their continued trust and confidence in the Bank. I would also like to thank all our staff members for their dedicated work throughout the period under consideration.
With best compliments,
Yours faithfully,
P S Jayakumar
Managing Director & CEO

¹ããè. †Ôã. •ã¾ã‡ã슽ããÀ
¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ †Ìãâ ½ã쌾㠇ãŠã¾ãùããÊã‡ãŠ ‚ããä£ã‡ãŠãÀãè
29 ãäªÔ㽺ãÀ, 2015
ãä¹ãƾã Íãñ¾ãÀ£ããÀ‡ãŠãñ,
½ãö ‚ãã¹ã‡ãñŠ Ôã½ãàã ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ãÃãä¶ãÓ¹ã㪶㠇ãñŠ ãäÌãÌãÀ¥ããò ‡ãŠãñ ¹ãÆÔ¦ãì¦ã ‡ãŠÀ¶ãñ Ôãñ ¹ãÖÊãñ ºãü¡ãõªã ãäÀ¾ããÔã¦ã ‡ãñŠ ½ãÖã¶ã ªîÀÒÓ›ã ÍããÔã‡ãŠ ½ãÖãÀã•ãã ÔãÀ Ôã¾ãã•ããèÀãÌã
Øãã¾ã‡ãŠÌããü¡ ¦ãð¦ããè¾ã ´ãÀã Ô©ãããä¹ã¦ã †‡ãŠ Ôãªãè Ôãñ ‚ããä£ã‡ãŠ ‡ãŠãè Ôã½ãð® ÔãâÔ‡ãðŠãä¦ã ÌããÊãñ ƒÔã ½ãÖã¶ã ÔãâÔ©ãã¶ã ‡ãñŠ ¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ †Ìãâ ½ã쌾㠇ãŠã¾ãùããÊã‡ãŠ ‚ããä£ã‡ãŠãÀãè
‡ãŠã ªããä¾ã¦Ìã Ôãâ¼ããÊã¶ãñ ¹ãÀ ‚ãã¹ã Ôã¼ããè ‡ãŠã ÖããäªÃ‡ãŠ ‚ãã¼ããÀ ¹ãƇ㊛ ‡ãŠÀ¦ãã Öîâ.
ºãö‡ãŠ ‚ããù¹ãŠ ºãü¡ãõªã ‡ãñŠ ãä¶ãªñÍã‡ãŠ ½ãâ¡Êã ‡ãŠãè ‚ããñÀ Ôãñ, ½ãì¢ãñ 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Ôã½ã㹦㠜:½ããÖãè ‡ãñŠ ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãñŠ ¹ããäÀÞããÊã¶ã ‡ãŠã¾ãÃãä¶ãÓ¹ã㪶㠇ãŠãñ ¹ãÆÔ¦ãì¦ã ‡ãŠÀ¦ãñ
Öì† ºãü¡ãè ¹ãÆÔã¸ã¦ãã Öãñ ÀÖãè Öõ. ‚ãããä©ãÇ㊠Øããä¦ããäÌããä£ã¾ããò ½ãò ‡ãŠ½ã•ããñÀãè ‡ãñŠ Œ㠇ãñŠ ºããÌã•ãîª ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ¶ãñ 2015-16 ‡ãŠãè ¹ãÖÊããè œ:½ããÖãè (¾ãã ãäÌã§ã ÌãÓãà 16 ‡ãŠãè ¹ãÖÊããè
œ½ããÖãè) ‡ãñŠ ªãõÀã¶ã, ‚ã¹ã¶ãñ ̾ãÌãÔãã¾ã ‡ãŠãñ ÔãâØãã䟦ã ãä‡ãŠ¾ãã ¦ã©ãã ÔãìÒü¤ ¹ãîâ•ããè ‚ã¶ãì¹ãã¦ã ‡ãŠãñ ÔãâÀãäàã¦ã ÀŒã¶ãñ ¹ãÀ ¹ãîÀã £¾ãã¶ã ã䪾ãã. ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ãããäÔ¦ã Øãì¥ãÌã§ãã ½ãò
Ìãðãä® ‡ãŠÀ¶ãñ ¦ã©ãã ƒÔã‡ãñŠ ½ã•ãºãî¦ã ¹ãîâ•ããè ‚ãã£ããÀ ‡ãŠãñ ºã¶ãㆠÀŒã¶ãñ ‡ãñŠ ãäÊㆠÔã¦ã¦ã ¹ãƾããÔã ‡ãŠÀ ÀÖã Öõ ‚ããõÀ ‚ã¹ã¶ããè •ã½ãã ÔãìãäÌã£ãã‚ããò ½ãò ãä¶ãÀâ¦ãÀ Ìãðãä® ‡ãŠÀ ÀÖã Öõ.
ãäÌã§ããè¾ã ÌãÓãà 2016 ‡ãŠãè ¹ãÖÊããè œ:½ããÖãè ‡ãñŠ ªãõÀã¶ã ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ãÃãä¶ãÓ¹ã㪶㠇ãŠãè ½ã쌾ã ãäÌãÍãñÓã¦ãã†â ãä¶ã½¶ããäÊããäŒã¦ã Öõ:
1. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ¶ãñ 30 ãäÔã¦ãâºãÀ, 2014 ‡ãŠãñ Ôã½ã㹦㠜½ããÖãè ‡ãñŠ Á. 2,466.10 ‡ãŠÀãñü¡ ‡ãŠãè ¦ãìÊã¶ãã ½ãò 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Ôã½ã㹦㠜½ããÖãè ½ãò Á. 1,176.63
‡ãŠÀãñü¡ ‡ãŠã Íãì® Êãã¼ã ª•ãà ãä‡ãŠ¾ãã.
2. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã ¹ããäÀÞããÊã¶ãØã¦ã Êãã¼ã ãä¹ãœÊãñ ÌãÓãà ‡ãŠãè Ôã½ã¹㠂ãÌããä£ã ‡ãñŠ Á. 4,882.53 ‡ãŠÀãñü¡ ‡ãŠãè ¦ãìÊã¶ãã ½ãò 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Ôã½ã㹦㠜½ããÖãè ½ãò
Á. 4,538.97 ‡ãŠÀãñü¡ ÀÖã.
3. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã ÌãõãäÍÌã‡ãŠ ¨ãÉ¥ã ãäÔã¦ãâºãÀ, 2014 ‡ãŠãè Ôã½ããã书㠹ãÀ Á. 3,85,766 ‡ãŠÀãñü¡ Ôãñ ºãü¤‡ãŠÀ 7.55% ÌãÓãÃ-ªÀ-ÌãÓãà ‡ãŠãè Ìãðãä® ª•ãà ‡ãŠÀ¦ãñ Öì† 30
ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Ôã½ã㹦㠜½ããÖãè ½ãò Á. 4,14,900 ‡ãŠÀãñü¡ Öãñ Øã¾ãã . ÜãÀñÊãî ¨ãɥ㠺ãÖãè ½ãò Ìãðãä® ãäÌããäÌã£ã¦ãã¹ãî¥ãà ÀÖãè. ÜãÀñÊãî ÔãñØã½ãò› ½ãò, ãäÀ›ñÊã ¨ãÉ¥ã
10.15 % (ÌãÓãÃ-ªÀ-ÌãÓãÃ) Ìãðãä® Ôãñ Â. 52,188 ‡ãŠÀãñü¡ Öãñ Øã¾ãã ¦ã©ãã ¾ãÖ Ôã‡ãŠÊã ÜãÀñÊãî ¨ãɥ㠇ãŠã 18.2% Öõ. ‡ãðŠãäÓã ¨ãÉ¥ã 16.96% (ÌãÓãÃ-ªÀ-ÌãÓãÃ) ‡ãŠãè
Ìãðãä® Ôãñ Â. 35,596 ‡ãŠÀãñü¡ Öãñ Øã¾ãã.
4. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠãè ÌãõãäÍÌã‡ãŠ •ã½ãã‚ãã ò ½ãò 8.03% ‡ãŠãè Ìãðãä® ÖìƒÃ ‚ããõÀ ¾ãÖ 30 ãäÔã¦ãâºãÀ, 2014 ‡ãñŠ Á. 5,66,926 ‡ãŠÀãñü¡ Ôãñ ºãü¤‡ãŠÀ 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ
Á. 6,12,458 ‡ãŠÀãñü¡ Öãñ ØãƒÃ.
5. ƒÔã‡ãñŠ ¹ãŠÊãÔÌã¹ã, ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã ÌãõãäÍÌã‡ãŠ ‡ãŠãÀãñºããÀ 7.84% (ÌãÓãÃ-ªÀ-ÌãÓãÃ) ‡ãŠãè Ìãðãä® ª•ãà ‡ãŠÀ¦ãñ Öì† 30 ãäÔã¦ãâºãÀ, 2014 ‡ãñŠ Á. 9,52,692 ‡ãŠÀãñü¡ Ôãñ
ºãü¤‡ãŠÀ 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Á. 10,27,358 ‡ãŠÀãñü¡ Öãñ Øã¾ãã.
6. 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãñŠ ‡ãìŠÊã ‡ãŠãÀãñºããÀ ½ãò ãäÌãªñÍããè ‡ãŠãÀãñºããÀ ‡ãŠã ãäÖÔÔãã 31.71% ÀÖã.
7. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã ‡ãìŠÊã ¹ããäÀÞããÊã¶ãØã¦ã ̾ã¾ã ‚ã¹ãÆõÊã-ãäÔã¦ãâºãÀ 2014 ‡ãñŠ Á. 3,863.08 ‡ãŠÀãñü¡ ‡ãŠãè ¦ãìÊã¶ãã ½ãò ‚ã¹ãÆõÊã-ãäÔã¦ãâºãÀ 2015 ‡ãñŠ ªãõÀã¶ã Â. 4,276.39
‡ãŠÀãñü¡ ÀÖã •ããñ 10.7% ‡ãŠãè Ìãðãä® ªÍããæãã Öõ.
8. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠãè Íãì® ØãõÀ-ãä¶ãÓ¹ã㪇㊠‚ãããäÔ¦ã¾ããò ‡ãŠã ‚ã¶ãì¹ãã¦ã 30 ãäÔã¦ãâºãÀ, 2014 ‡ãñŠ 1.74% ‡ãŠãè ¦ãìÊã¶ãã ½ãò ºãü¤‡ãŠÀ 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ 3.08% Öãñ
Øã¾ãã ¦ã©ãã ½ãã¨ãã ‡ãŠãè ÒãäÓ› Ôãñ Íãì® †¶ã¹ããè† ÀããäÍã ½ã쌾ã¦ã: ÊãØãã¦ããÀ ‚ããõ²ããñãäØã‡ãŠ ‡ãŠ½ã•ããñãäÀ¾ããò ‡ãñŠ ‡ãŠãÀ¥ã 30 ãäÔã¦ãâºãÀ, 2014 ‡ãñŠ Â. 6,704.51 ‡ãŠÀãñü¡ Ôãñ
ºãü¤‡ãŠÀ 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Â. 12,797.82 ‡ãŠÀãñü¡ Öãñ Øã¾ãã.
9. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã ¹ãîâ•ããè ¹ã¾ããù¦ã¦ãã ‚ã¶ãì¹ãã¦ã (Ôããè‚ããÀ†‚ããÀ) 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ 12.51% (ºãñÔãÊã III ‡ãñŠ ‚ã¶ãìÔããÀ) ÀÖã. ƒÔã½ãò ºãñÔãÊã III ‡ãñŠ ‚ãâ¦ãØãæã
ã䛾ãÀ 1 ¹ãîâ•ããè ‚ã¶ãì¹ãã¦ã 9.92% ¦ã©ãã ‡ãŠãñÀ ã䛾ãÀ 1 ‚ã¶ãì¹ãã¦ã 9.42% ©ãã. ¾ãÖ ¶ããñ› ãä‡ãŠ¾ãã •ãㆠãä‡ãŠ ƒ¶ã ‚ã¶ãì¹ãã¦ããò ½ãò ºãö‡ãŠ ´ãÀã ãäÌã§ããè¾ã ÌãÓãà 2016 ‡ãŠãè
¹ãÖÊããè œ½ããÖãè ‡ãñŠ ªãõÀã¶ã ‚ããä•ãæã ãä‡ãŠ¾ãã Øã¾ãã Êãã¼ã Íãããä½ãÊã ¶ãÖãé Öõ.
10. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã †¶ã‚ããƒÃ†½ã (ÜãÀñÊãî ¹ããäÀÞããÊã¶ããò ½ãò) ãäÌã§ããè¾ã ÌãÓãà 2015 ‡ãŠãè ¹ãÖÊããè œ½ããÖãè ‡ãñŠ 2.98% ‡ãŠãè ¦ãìÊã¶ãã ½ãò ãäÌã§ããè¾ã ÌãÓãà 2016 ‡ãŠãè ¹ãÖÊããè œ½ããÖãè
½ãò 2.79% ÀÖã.
3

44
11. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠã ‚ããõÔã¦ã ‚ãããäÔ¦ã¾ããò ¹ãÀ ¹ãÆãä¦ãÊãã¼ã (‚ããÀ‚ããñ††) 30 ãäÔã¦ãâºãÀ, 2015 (ãäÌã§ããè¾ã ÌãÓãà 2016 ‡ãŠãè ¹ãÖÊããè œ½ããÖãè) ‡ãŠãñ 0.33% (ÌãããäÓãÇãŠ) ÀÖã.
¹ãÆãä¦ã Íãñ¾ãÀ ‚ã•ãöã (ƒÃ¹ããè†Ôã - ÌãããäÓãÇãŠ) 30 ãäÔã¦ãâºãÀ, 2015 ‡ãŠãñ Â. 10.64
( 2 ‡ãñŠ ‚ãâãä‡ãŠ¦ã ½ãîʾ㠹ãÀ ÌãããäÓãÇãŠ) ÀÖã.
12. ãäÌã§ããè¾ã ÌãÓãà 2016 ‡ãŠãè ¹ãÖÊããè œ½ããÖãè ‡ãñŠ ªãõÀã¶ã ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠãè ƒãä‡ã‹Ìã›ãè ¹ãÀ ¹ãÆãä¦ãÊãã¼ã (‚ããÀ‚ããñƒÃ) 5.90% ÀÖã.
‡ãŠ½ã•ããñÀ ¹ããäÀÞããÊã¶ãØã¦ã ‚ãããä©ãÇ㊠¹ããäÀÌãñÍã ½ãò ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãñŠ „ÞÞã ¹ãƺãâ£ã¶ã ¶ãñ ãäÌã§ããè¾ã ÌãÓãà 2016 ‡ãŠãè ¹ãÖÊããè œ:½ããÖãè ‡ãñŠ ªãõÀã¶ã ‚ã¹ã¶ãñ ‡ãŠã¾ãÃãä¶ãÓ¹ã㪶㠇ãŠãñ ÔãâØãã䟦ã
‡ãŠÀ¶ãñ ¹ãÀ £¾ãã¶ã ã䪾ãã. ƒÔãñ ‚ãããäÔ¦ã ãäÌãÔ¦ããÀ ¹ãÆŠ¶› ¹ãÀ ÔããÌã£ãã¶ããè¹ãîÌãÇ㊠Ìãðãä® ¦ã©ãã ¶ã‡ãŠª ÌãÔãîÊããè, ¨ãÉ¥ã ãä¶ãØãÀã¶ããè †Ìãâ ‚ãʹã ÊããØã¦ã ÌããÊããè •ã½ãã ÔãâØãÆ֥㠇ãŠãè
¹ãÆ¥ããÊããè ‡ãŠãñ ‚ããõÀ ‚ããä£ã‡ãŠ ÔãìÒü¤ ‡ãŠÀ¦ãñ Öì† ¹ãÆ㹦ã ãä‡ãŠ¾ãã Øã¾ãã Öõ. ƒÔã‡ãñŠ ‚ãÊããÌãã, ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ã¹ã¶ãñ ¹ãÆãõ²ããñãäØã‡ãŠãè ¹Êãñ›¹ãŠã½ãà ‡ãŠãñ ‚ã²ã¦ã¶ã ‡ãŠÀ‡ãñŠ ¦ã©ãã ¶ãƒÃ ¹ãÖÊããò
‡ãñŠ ½ã㣾ã½ã Ôãñ ‚ã¹ã¶ãñ Ìãõ‡ãŠãäʹã‡ãŠ ãä¡ÊããèÌãÀãè Þãõ¶ãÊããò ½ãò Ôãì£ããÀ ‡ãŠÀ ¦ã©ãã ØãÆãև㊠‚ã¶ãì¼ãÌã ºãü¤ã‡ãŠÀ ãäÌããä¼ã¸ã ¹ãƇãŠãÀ ‡ãñŠ ØãÆãÖ‡ãŠãò ‡ãŠãè ½ããâØããò ‡ãŠãè ÊãØãã¦ããÀ ¹ãîãä¦ãà ‡ãŠÀ¦ãã
ÀÖã Öõ. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ¶ãñ ¾ãÖ Ôãºã ‚ã¹ã¶ãñ Ôã¼ããè ãäÖ¦ã£ããÀ‡ãŠãò ‡ãñŠ ÔãÌããó§ã½ã ãä֦㠇ãñŠ ãäÊㆠãä‡ãŠ¾ãã Öõ. ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãñŠ ‡ãŠã¾ãÃãä¶ãÓ¹ã㪶㠇ãñŠ Ôã½½ãã¶ã ½ãò ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠãñ
ªî¶ã †¥¡ ºãÆãù¡Ô›Èãè› ‚ãÌãã¡Ã 2015 ½ãò ÌãõãäÍÌã‡ãŠ ̾ãÌãÔãã¾ã Ñãñ¥ããè ‡ãñŠ ‚ãâ¦ãØãæ㠺ãñÔ› ¹ããäºÊã‡ãŠ Ôãñ‡ã‹›À ºãö‡ãŠ ‡ãŠã Ôã½½ãã¶ã ¹ãÆ㹦ã Öì‚ãã Öõ. ƒÔã‡ãñŠ ‚ãÊããÌãã, ‚ãã¹ã‡ãñŠ ºãö‡ãŠ
‡ãŠãñ ``ÔãñÌãããä¶ãÌãðãä¦ã ‡ãŠ½ãÃÞãããäÀ¾ããò ‡ãŠãñ ãä¶ã¾ãì§ãŠ ‡ãŠÀ¶ãñ ‡ãŠãè „¦‡ãðŠÓ› ¹ãÖÊã'' ‡ãñŠ ãäÊㆠãäºã•ã¶ãñÔã ÌãÊ¡Ã Ôãñ †Þã‚ããÀ †‡ã‹ÔãñÊãòÔã ‚ãÌãã¡Ã ¹ãÆ㹦ã Öì‚ãã ‚ããõÀ ‚ãã¹ã‡ãñŠ ºãö‡ãŠ ‡ãŠãñ
ÌãÓãà 2014-15 ‡ãñŠ ªãõÀã¶ã ¼ãããäÓã‡ãŠ àãñ¨ã ``Œã'' ½ãò ÀãÓ›Èãè¾ã‡ãðŠ¦ã ºãö‡ãŠãò ‡ãŠãè Ñãñ¥ããè ‡ãñŠ ‚ãâ¦ãØãæã Àã•ã¼ããÓãã ‡ãŠã¾ããöÌã¾ã¶ã ½ãò ºãö‡ãŠ ½ãò ÔãÌããó§‡ãðŠÓ› ‡ãŠã¾ãÃãä¶ãÓ¹ã㪶㠇ãñŠ ãäÊã†
¼ããÀ¦ã ÔãÀ‡ãŠãÀ ‡ãŠãè ‚ããäŒãÊã ¼ããÀ¦ããè¾ã Àã•ã¼ããÓãã ‡ãŠãèãä¦ãà ¹ãìÀÔ‡ãŠãÀ ¾ããñ•ã¶ãã ‡ãñŠ ‚ãâ¦ãØãæ㠹ãÆ©ã½ã ¹ãìÀÔ‡ãŠãÀ ¹ãÆ㹦ã Öì‚ãã.
½ãñÀñ ‡ãŠã¾ãüããÀ ØãÆ֥㠇ãŠÀ¶ãñ ‡ãñŠ ºããª, ½ãö Ôãâàãñ¹ã ½ãò „¶ã ¹ãƽãìŒã ¹ãÖÊãì‚ããò ‡ãŠãñ ºã¦ãã¶ãã ÞããÖ¦ãã Öîâ ãä•ã¶ã ¹ãÀ £¾ãã¶ã ªñ¦ãñ Öì† ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ãã¶ãñ ÌããÊãñ Ôã½ã¾ã ½ãò ‚ããØãñ
ºãü¤¶ãñ ‡ãŠã ¹ãƾããÔã ‡ãŠÀñØãã. ‚ãʹã‡ãŠããäÊã‡ãŠ ÒãäÓ› Ôãñ ƒÔã½ãò †¶ã¹ããè† ¹ãƺãâ£ã¶ã, ¨ãÉ¥ã Øãì¥ãÌã§ãã ½ãò Ìãðãä® ¦ã©ãã Ô©ãã¾ããè Êãã¼ã¹ãƪ§ãã ½ãò Ìãðãä® ‡ãŠÀ¶ãã Íãããä½ãÊã Öõ. ºãªÊã¦ãñ
Öì† Ì¾ãã¹ã‡ãŠ ‚ãããä©ãÇ㊠¹ããäÀÒ;㠽ãò ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ã¹ã¶ãñ ‚ããä£ã‡ãŠ Àã•ãÔÌã ‚ã•ãöã ÌããÊãñ ÔãñØã½ãò›ãò ‡ãñŠ ãäºã•ã¶ãñÔã ¹ããñ›Ã¹ãŠãñãäÊã¾ããò ½ãò ¹ãì¶ãÔãĦãìÊã¶ã ‡ãŠÀñØãã ¦ã©ãã ÔãñÌãã‚ããò ¦ã©ãã
„¦¹ããªãò ‡ãŠãñ ‚ã¶ãì‡ãîŠÊã ºã¶ãã†Øãã ¦ãããä‡ãŠ ØãÆãÖ‡ãŠãò ‡ãŠãè ºãü¤¦ããè ÖìƒÃ ‚ã¹ãñàãã‚ããò ‡ãŠãñ ¹ãîÀã ãä‡ãŠ¾ãã •ãã Ôã‡ãñŠ. ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ã¹ã¶ãñ ãäÌããä¼ã¸ã „¦¹ããªãò ‡ãŠãè Ñãñãä¥ã¾ããò ‡ãŠãè Ôã½ããèàãã
‡ãŠÀñØãã ¦ã©ãã •ããñãäŒã½ã ãä¶ã£ããÃÀ¥ã ¹ãÀ £¾ãã¶ã ªñØãã. ØãÆãև㊠ºãü¤ã¶ãñ ¦ã©ãã ‰ãŠãùÔã-ãäºã‰ãŠãè ‡ãñŠ ¹ãƾããñ•ã¶ã Öñ¦ãì ‚ãã¹ã‡ãŠã ºãö‡ãŠ, ºãö‡ãŠ ½ãò ØãÆãև㊠̾ãÌãÔãã¾ã ‡ãŠãè ãäÖÔÔãñªãÀãè ½ãò
Ôãì£ããÀ ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠ†¶ãããäÊãã䛇㊠‡ãŠã ‚ããä£ã‡ãŠ Ôãñ ‚ããä£ã‡ãŠ ƒÔ¦ãñ½ããÊã ‡ãŠÀñØãã. ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ã¹ã¶ããè ªàã¦ãã †Ìãâ ‡ãŠã¾ãÃÔãã£ã‡ãŠ¦ãã ½ãò Ôãì£ããÀ ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠ‚ãã£ãìãä¶ã‡ãŠ
ãä¡ãä•ã›Êã †Ìãâ ¹ãÆãõ²ããñãäØã‡ãŠãè ¹Êãñ›¹ãŠã½ãà ‡ãñŠ ãäÊㆠãäÌãÔ¦ãð¦ã †Ìãâ Ôã½ã¾ãºã® ‡ãŠã¾ããöÌã¾ã¶ã ¾ããñ•ã¶ãã ¹ãÀ ‡ãŠã¾ãà ‡ãŠÀ ÀÖã Öõ. ºãÖì¦ã ºãü¡ãè ½ãã¨ãã ½ãò ÌããäÀÓŸ Ô¦ãÀ ¹ãÀ Öãñ ÀÖãè
ÔãñÌãããä¶ãÌãðãä¦ã¾ããò ‡ãñŠ ‡ãŠãÀ¥ã ‚ãã¶ãñ ÌããÊããè ½ãã¶ãÌã ÔãâÔãã£ã¶ã Þãì¶ããõãä¦ã¾ããò ‡ãŠãñ ¹ãîÀã ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ããâ¦ããäÀ‡ãŠ „½½ããèªÌããÀãò ‡ãñŠ ½ã㣾ã½ã Ôãñ ¶ãñ¦ãð¦Ìã ¹ãヹãÊãヶã
ºã¶ãã¶ãñ ¹ãÀ ‡ãŠã¾ãà ‡ãŠÀ ÀÖã Öõ ‚ããõÀ •ãÖãâ ‚ããÌã;ã‡ãŠ ÖãñØãã ƒÔãñ ºããÖÀ Ôãñ ¹ããäÀÑããä½ã‡ãŠ ¹ãÀ Êãñ‡ãŠÀ (½ã쌾ã¦ã: ãäÌãÍãñÓã—ã Ô¦ãÀãò ‡ãñŠ ãäÊã†) ¹ãîÀã ãä‡ãŠ¾ãã •ãã†Øãã. ƒÔã‡ãñŠ
‚ãÊããÌãã, ‚ãã¹ã‡ãŠã ºãö‡ãŠ ‚ã¹ã¶ããè ‡ãŠã¾ãà ¹ãÆÌããÖ ¹ãÆãä‰ãŠ¾ãã‚ããò ‡ãŠãè Ôã½ããèàãã ‡ãŠÀ¶ãñ ‡ãŠã ¹ãƾããÔã ‡ãŠÀñØãã ¦ã©ãã ‚ããä¶ã¾ããä½ã¦ã¦ãã‚ããò ‡ãŠã ¹ã¦ãã ÊãØãã¶ãñ ‡ãñŠ ãäÊㆠ„¶Öò ÔãìÒü¤ ãä‡ãŠ¾ãã
•ãã†Øãã, ƒÔã½ãò ›Èãâ•ãñ‡ã‹Íã¶ããò ‡ãŠãè ‡ãñŠ¶³ãè¾ã‡ãðŠ¦ã ½ããùãä¶ã›ãäÀâØã ¼ããè Íãããä½ãÊã Öõ.
½ãö ãä¶ãªñÍã‡ãŠ ½ãâ¡Êã ‡ãŠãè ‚ããñÀ Ôãñ ºãö‡ãŠ ¹ãÀ ‚ã¹ã¶ãã ÊãØãã¦ããÀ ãäÌãÍÌããÔã †Ìãâ ¼ãÀãñÔãã ÀŒã¶ãñ ‡ãñŠ ãäÊㆠ‚ã¹ã¶ãñ Íãñ¾ãÀ£ããÀ‡ãŠãò ‡ãŠã ‚ãã¼ããÀ ¹ãƇ㊛ ‡ãŠÀ¦ãã Öîâ . ½ãö Ôã½ããèàãã£ããè¶ã
‚ãÌããä£ã ‡ãñŠ ªãõÀã¶ã Ôã½ããä¹ãæ㠇ãŠã¾ãà ‡ãŠÀ¶ãñ ‡ãñŠ ãäÊㆠÔã¼ããè ‚ã¹ã¶ãñ Ô›ã¹ãŠ ÔãªÔ¾ããò ‡ãŠãñ ¼ããè £ã¶¾ãÌã㪠ªñ¦ãã Öîâ.
Íãì¼ã‡ãŠã½ã¶ãã‚ããò ‡ãñŠ Ôãã©ã,
¼ãÌãªãè¾ã,
¹ããè †Ôã •ã¾ã‡ã슽ããÀ
¹ãƺãâ£ã ãä¶ãªñÍã‡ãŠ †Ìãâ ½ã쌾㠇ãŠã¾ãùããÊã‡ãŠ ‚ããä£ã‡ãŠãÀãè