Bank of Baroda’s Global deposits surge to ₹13.27 Lakh Crore in Q4

8 Apr 2024 , 12:50 PM

On Friday, the state-owned Bank of Baroda (BoB) issued its quarterly update for Q4, highlighting significant growth in its worldwide operations and advances.

Bank of Baroda’s global business increased significantly to ₹24.16 Lakh Crore, up from ₹22.94 Lakh Crore in the previous quarter and ₹21.73 Lakh Crore year-on-year (YoY).

The bank’s global deposits increased to ₹13.27 Lakh Crore, up from ₹12.45 Lakh Crore the previous quarter and ₹12.03 Lakh Crore year on year. Domestic deposits also increased significantly, reaching ₹11.29 Lakh Crore.

Bank of Baroda’s global advances increased significantly to ₹10.90 Lakh Crore, up from ₹10.49 Lakh Crore in the previous quarter and ₹9.70 Lakh Crore year-on-year.

Domestic advances rose to ₹8.97 lakh crore, up from ₹8.62 lakh crore in the previous quarter and ₹7.96 lakh crore year on year. The bank’s domestic retail advances increased to ₹2.14 Lakh Crore, compared to ₹2.03 lakh crore in the previous quarter and ₹1.78 Lakh Crore year on year.

At around 10.17 AM, Bank of Baroda was trading 0.65% higher at ₹270.65, against the previous close of ₹268.90 on NSE. The counter touched an intraday high and low of ₹272.45 and ₹268.90, respectively.

Bank of Baroda is India’s largest public sector bank, with a strong domestic presence bolstered by self-service channels. The bank’s distribution network comprises around 10,000 ATMs, 1,200 self-service e-lobbies, 8,200 branches, and 20,000 business correspondents.

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