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

BOB Data as on 30.09.2023

Particulars	30.09.2023
Total Business	22,75,448
Total Deposits	12,49,688
Domestic Deposits	10,74,134
– Domestic CASA Deposits	4,28,329
Global Gross Advances	10,25,760
Domestic Advances	8,35,982
-Domestic Retail Advances**	1,94,101

PNB Data as on 30.09.2023

Particulars	30.09.2023
Global Gross Business	22,51,631
Global Deposit	13,09,910
Global Gross Advances	9,41,721

BOB Data

• As of 30^th 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 30^th September 2023.
• Total Deposits of the bank grew by 14.63% YoY and 4.15% QoQ to Rs. 12.49 trillion as of 30^th 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:

• 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%