Domestic deposits stood at Rs 11,05,459 crore as on 30 June 2024, registering a growth of 5.25% year on year.
Domestic retail advances was at Rs 2,22,495 crore as on 30 June 2024, up 20.86% as against Rs 1,84,091 crore as on 30 June 2023.
The global business grew 8.52% to Rs 23,77,467 crore as on 30 June 2024 as compared to Rs 21,90,896 crore recorded in the same period a year ago.
Global deposits was at Rs 13,05,821 crore (up 8.83% YoY) and global advances stood at Rs 10,71,646 crore (up 8.14% YoY) as on 30 June 2024.
Meanwhile, the bank’s board has approved to raise additional capital up to Rs 7,500 crore by way of additional tier 1 (AT 1) or tier II debt capital instruments with an interchangeability option in India/overseas, in suitable tranches up to 31 March 2025 and beyond if found expedient.
Bank of Baroda is one of India's largest banks with a strong domestic presence spanning 8,243 branches and 11,033 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 91 overseas offices spanning 17 countries. As of 31 March 2024, Government of India held 63.97% stake in the bank.
The public sector bank’s standalone net profit grew 2.33% to Rs 4,886.49 crore on 15.18% rise in total income to Rs 33,774.87 crore in Q4 FY24 over Q4 FY23.
The scrip fell 2.80% to currently trade at Rs 266.05 on the BSE.