Bank of Baroda announces Financial Results
Bank of Baroda announces Financial Results
Bank of Baroda announces Financial Results for the Quarter & Financial Year ended 31st March 2025
Strong and Steady: Bank maintains strong Asset Quality in FY25 performance with 10.1% YoY growth in Net Profit.
| Highlights
· Bank’s Global Business has crossed a milestone of INR 27 lakh crore as of 31st March 2025. · Standalone Net Profit rises to all time high of INR 19,581 crore in FY25, 10.1% growth YoY. · Net Profit for the consolidated entity crossed milestone of INR 20,000 crore and stands at INR 20,716 crore for FY25. · The growth in profitability was supported by 14.8% YoY growth in Non-Interest Income to INR 16,647 crore in FY25. · Operating Profit registered a growth of 4.7% YoY and stands at INR 32,435 crore in FY25. · Return on Assets (ROA) remains above 1% and stands at 1.16% for FY25. · Return on Equity (ROE) stands at 16.96% for FY25. · Global Net Interest Margin (NIM) for FY25 is 3.02% with Domestic NIM at 3.18%. · Bank continues to maintain strong Asset quality with reduction in GNPA by 66 bps YoY to 2.26% from 2.92% in FY24. Bank’s NNPA also reduced by 10 bps YoY to 0.58% in FY25 as against 0.68% in FY24. Lowest GNPA and NNPA in past 13 years. · Slippage ratio reduced by 21 bps YoY to 0.78% for FY25. · BOB’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.29% with TWO & at 74.87% without TWO. · Credit cost remains below 1% at 0.47% for FY25. · BOB’s Global Advances registered a growth of 12.8% YoY and Domestic advances grew by 13.7% in FY25 led by robust retail loan book growth. · Bank’s organic Retail Advances grew by 19.4%, driven by strong growth across segments such as Auto Loan (20.3%), Mortgage Loan (18.9%), Home Loan (17.3%), Education Loan (15.9%). · Share of Retail, Agri Loans and MSME loans (RAM) in advances improved by 190 bps YoY to 59.6%. RAM portfolio grew by 17.5% in FY25. · Bank’s Board has recommended to declare a dividend of 418%, subject to requisite approvals. |
Profitability
- Net Profit for FY25 stands at INR 19,581 crore (+10.1% YoY) as against INR 17,789 crore in FY24.
- Net Interest Income for FY25 registered a growth of 2.1% and stands at INR 45,659 crore.
- Non-Interest Income for FY25 stands at INR 16,647 crore up by 14.8% YoY.
- Global NIM for FY25 stands at 3.02% with Domestic NIM at 3.18%.
- Operating Profit for FY25 increased by 4.7% to INR 32,435 crore.
- Cost to Income ratio stands at 47.94% for FY25.
- Return on Assets stands at 1.16% for FY25.
- Return on Equity stands at 16.96% for FY25
Asset Quality
- The Gross NPA of the Bank reduced by 12.6% YoY to INR 27,835 crore in FY25 and Gross NPA Ratio improved to 2.26% in FY25 from 2.92% in FY24.
- The Net NPA Ratio of the Bank stands at 0.58% in FY25 as compared with 0.68% in FY24.
- The Provision Coverage Ratio of the Bank stood at 93.29% including TWO and 74.87% excluding TWO for FY25.
- Slippage ratio declined to 0.78% for FY25 as against 0.99% in FY24.
- Credit cost stands at 0.47% for FY25.
Capital Adequacy
- CRAR of the Bank stands at 17.19%% in Mar’25. Tier-I stood at 14.79% (CET-1 at 13.78%, AT1 at 1.01%) and Tier-II stood at 2.40% as of Mar’25.
- The CRAR and CET-1 of consolidated entity stands at 17.60% and 14.28% respectively
- The Liquidity Coverage Ratio (LCR) consolidated stands at 123% (approx.).
Business Performance
- Domestic Advances of the Bank increased to INR 10,21,112 crore, +13.7% YoY.
- Global Advances of the Bank increased to INR 12,30,461 crore, +12.8% YoY.
- Domestic Deposits increased by 9.3% YoY to INR 12,42,169 crore in Mar’25.
- Global Deposits increased by 10.3% YoY to INR 14,72,035 crore.
- Domestic CASA deposits registered a growth of 6.4% YoY and stands at INR 4,96,462 crore as of 31st March 2025.
- International Deposits grew by 15.8% on a YoY basis to INR 2,29,866 crore in Mar’25.
- Organic Retail Advances grew by 19.4%, led by strong growth across segments such as Auto Loan (20.3%), Mortgage Loan (18.9%), Home Loan (17.3%), Education Loan (15.9%) on a YoY basis.
- Agriculture loan portfolio grew by 14.2% YoY to INR 1,58,324 crore.
- Organic MSME portfolio grew by 14.2% YoY to INR 1,36,377 crore.
- Corporate advances registered a growth of 8.6% YoY and stands at INR 4,12,274 crore.
Financial results for Quarter & Financial Year ended 31st March 2025
| Particulars (INR crore) | Q4FY24 | Q3FY25 | Q4FY25 | YoY(%) | FY24 | FY25 | YoY(%) |
| Interest Income | 29,583 | 30,908 | 30,642 | 3.6 | 1,12,606 | 1,21,442 | 7.8 |
| Interest Expenses | 17,791 | 19,491 | 19,622 | 10.3 | 67,884 | 75,783 | 11.6 |
| Net Interest Income (NII) | 11,793 | 11,417 | 11,020 | -6.6 | 44,722 | 45,659 | 2.1 |
| Non-Interest Income | 4,191 | 3,769 | 5,210 | 24.3 | 14,495 | 16,647 | 14.8 |
| Operating Income | 15,984 | 15,186 | 16,229 | 1.5 | 59,217 | 62,306 | 5.2 |
| Operating Expenses | 7,878 | 7,522 | 8,097 | 2.8 | 28,252 | 29,871 | 5.7 |
| Operating Profit | 8,106 | 7,664 | 8,132 | 0.3 | 30,965 | 32,435 | 4.7 |
| Total Provisions (other than tax) and contingencies | 1,302 | 1,082 | 1,552 | 19.2 | 6,076 | 5,980 | -1.6 |
| of which, Provision for NPA Bad Debts Written-off | 1,485 | 871 | 1,297 | -12.7 | 6,471 | 5,170 | -20.1 |
| Profit before Tax | 6,804 | 6,582 | 6,581 | -3.3 | 24,890 | 26,454 | 6.3 |
| Provision for Tax | 1,918 | 1,745 | 1,533 | -20.1 | 7,101 | 6,873 | -3.2 |
| Net Profit | 4,886 | 4,837 | 5,048 | 3.3 | 17,789 | 19,581 | 10.1 |
Business position
| Particulars (INR crore) | Mar 31 2024 | Dec 31 2024 | Mar 31 2025 | YoY (%) |
| Domestic deposits | 11,36,692 | 11,76,323 | 12,42,169 | 9.3 |
| Domestic CASA | 4,66,400 | 4,62,618 | 4,96,462 | 6.4 |
| Global deposits | 13,35,136 | 14,02,911 | 14,72,035 | 10.3 |
| Domestic advances | 8,98,116 | 9,64,869 | 10,21,112 | 13.7 |
| Of which, retail loan portfolio (Organic) | 2,14,942 | 2,43,360 | 2,56,633 | 19.4 |
| Global advances | 10,90,506 | 11,73,034 | 12,30,461 | 12.8 |
Key Ratios
| Particulars | Q4FY24 | Q3FY25 | Q4FY25 |
| NIM Global % | 3.27 | 2.94 | 2.86 |
| Return on Assets (%) | 1.25 | 1.15 | 1.16 |
| CRAR (%) | 16.31 | 15.96 | 17.19 |
| CET-1 (%) | 12.54 | 12.38 | 13.78 |
| Gross NPA (%) | 2.92 | 2.43 | 2.26 |
| Net NPA (%) | 0.68 | 0.59 | 0.58 |
| PCR (with TWO) (%) | 93.30 | 93.51 | 93.29 |
