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.
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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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