Bank of Baroda is now India’s 2nd largest government bank beating PNB by Rs.22,517 crore in business

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Public sector lender Bank of Baroda (BoB) on November 4 reported a net profit of Rs 4,252.89 crore for the September quarter of 2023-24. The bank’s gross non-performing assets (GNPAs) stood at 3.32 percent.

  • Bank of Baroda Global Deposits increased by 14.6 percent YoY to Rs 12,49,647 crore.
  • Domestic Deposits increased by 12.0 percent YoY to Rs 10,74,114 crore in Sep’23.
  • However, the bank’s International Deposits grew by 33.8 percent on a YoY basis to Rs 1,75,533 crore in Sep’23.
  • Bank’s Auto Loan grows at 21.1 percent, Home Loan at 16.1 percent, Personal Loan 67.2 percent, Mortgage Loan 13.3 percent, Education Loan 18.3 percent on a YoY basis.

BoB Data as on 30.09.2023

Domestic Deposits10,74,114
International Deposits1,75,533
Global Deposits12,49,647
Retail Advances1,93,682
Domestic Gross Advances8,34,723
International Advances1,89,778
Global Advances10,24,501
Total Business22,74,148

Bank of Baroda Loans Bifurcation

Bank of Baroda Industry Wise Exposure

PNB Data as on 30.09.2023

Particulars30.09.2023
Global Gross Business22,51,631
Global Deposit13,09,910
Global Gross Advances9,41,721

PNB Data

Financial highlights:

  • Net profit surged more than fourfold to ₹1,756 crore, up 327% YoY
  • Operating profit grew 11.67% YoY to ₹6,216 crore
  • NII increased 20% YoY to ₹9,923 crore
  • Global NIM improved by 11 bps to 3.11%

Asset quality:

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  • Gross NPA ratio improved by 352 bps YoY to 6.96%
  • Net NPA ratio improved by 233 bps YoY to 1.47%
  • Provision coverage ratio improved by 795 bps YoY to 91.91%

Business growth:

  • Global business increased by 11.26% YoY to ₹22,51,631 crore
  • Global deposits grew by 9.75% to ₹13,09,910 crore
  • Global advances grew by 13.43% YoY to ₹9,41,721 crore
  • Retail loan portfolio grew 16.5% YoY to ₹1,47,247 crore

Other highlights:

  • Total retail loans increased by 40.42% YoY to ₹2,18,230 crore
  • Gross NPAs declined by ₹21,472 crore YoY to ₹65,563 crore
  • Net NPAs declined by ₹16,234 crore YoY to ₹13,114 crore
  • Provision coverage ratio improved by 1372 bps YoY to 80%
  • Slippage ratio improved YoY by 248 bps to 0.86%

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