Bank of Baroda overtakes PNB as the 2nd largest PSB in India

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BOB Data as on 30.09.2023

Particulars30.09.2023
Total Business22,75,448
Total Deposits12,49,688
Domestic Deposits10,74,134
– Domestic CASA Deposits4,28,329
Global Gross Advances10,25,760
Domestic Advances8,35,982
-Domestic Retail Advances**1,94,101

PNB Data as on 30.09.2023

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

BOB Data

  • As of 30th September 2023, the total Business of the bank crossed Rs. 22 trillion milestone. Total Business of the bank grew by 15.88% YoY to Rs. 22.75 trillion.
  • Total Advances of the bank grew by 17.43% YoY and 3.51% QoQ to Rs. 10.25 trillion as of 30th September 2023.
  • Total Deposits of the bank grew by 14.63% YoY and 4.15% QoQ to Rs. 12.49 trillion as of 30th September 2023.

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:

  • 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:

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  • 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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