Bank Of Baroda Q3 Updates: Domestic Deposits Climb 9.2% To Rs 11.6 Lakh Crore
 230523 RBI's Rs 2,000 currency exchange facility opens..jpeg?downsize=1010:568 "Bank Of Baroda Q3 Updates: Domestic Deposits Climb 9.2% To Rs 11.6 Lakh Crore")
Bank of Baroda said that its total domestic deposits stood at Rs 11.66 lakh crore as of as of Dec. 31, 2024. They have grown by 9.23% year-on-year, according to the bank's provisional quarterly business updates filed with stock exchanges on Friday.
In comparison, in the year-ago period, the lender's total domestic deposits were at Rs 10.67 lakh crore.
For the October-December period, the public sector bank's total domestic advances rose 11.76% to Rs 9.63 lakh crore. Last fiscal, as on Dec. 31, its domestic advances stood at Rs 8.62 lakh crore.
According to the lender, for the quarter under review, total global deposits grew 11.8% to Rs 13.92 lakh crore. Last year during this period, it managed to garner a total of Rs 12.45 lakh crore in global deposits.
In the December quarter, the bank's global advances grew 11.65% to Rs 11.71 lakh crore. For the same period last fiscal, the Vadodara-based lender's global advances stood at Rs 10.49 lakh crore.
The bank's domestic retail advances for the quarter ended Dec. 31, 2024, grew at 19.48% to 2.43 lakh crore, against Rs 2.03 lakh crore for the year-ago similar period.
The quarterly business updates have been shared by Bank of Baroda ahead of the release of the financial results for the October-December period.
For the quarter ended September, Bank of Baroda had posted a 23% year-on-year rise in net profit to Rs 5,238 crore.
The gross non-performing assets ratio had fallen to 2.5% at the end of September from 2.88% a quarter ago and 3.32% a year ago. During the period, the net NPA ratio had also improved to 0.60% from 0.69% a quarter ago and 0.76% a year ago.
The lender's net interest income was up 7.3% year-on-year to Rs 11,622 crore in the second quarter. However, the net interest margin continued a downward trajectory to 3.27% from 3.30% a quarter ago but was up from 3.19% a year ago.
Shares of Bank of Baroda on Friday closed 0.17% higher at Rs 241.60 apiece on the BSE, compared to a 0.90% decline in the benchmark Sensex.
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