Bank of Baroda Share Price Bank Slipped Over 4% Intraday: Posted ~12% Growth in Global Business

On January 6, 2025, Bank of Baroda share price dropped over 4% in morning trade and reached the day low of ₹229.85 at 10:48 AM after opening at ₹241.55. The fall in Bob share price came after the bank released its business update for Q3 ended December 2024. Bank of Baroda reported an 11.74% year-on-year (YoY) growth in its global business, which reached ₹25.64 lakh crore as of December 31, 2024. The bank’s global deposits increased by 11.82% YoY, amounting to ₹13.92 lakh crore. Domestic deposits grew by 9.23% YoY, reaching ₹11.66 lakh crore.

On the advances side, global advances rose by 11.65% YoY, reaching ₹11.71 lakh crore. Domestic advances increased by 11.76% YoY, totalling ₹9.63 lakh crore. Domestic retail advances saw a significant surge of 19.48% YoY, reaching ₹2.43 lakh crore.

Bank of Baroda reported a net profit of ₹5,238 crore for the second quarter of FY25, reflecting a 23.2% YoY increase from ₹4,253 crore. The net interest income for the quarter stood at ₹11,622 crore, marking a 7.3% rise from ₹10,831 crore in Q2FY24.

Bank of Baroda’s 1HFY25 Performance

For 1HFy25, the bank’s net interest income rose to ₹23,222 crore, showing a 6.4% YoY growth from ₹21,827 crore. The non-interest income surged by 24.2%, reaching ₹5,181 crore in Q2FY25 compared to ₹4,171 crore in the same quarter last year. This growth contributed to an operating profit of ₹9,477 crore, reflecting an 18.2% increase from ₹8,020 crore in Q2FY24.

Bank of Baroda saw an improvement in asset quality, with the Gross Non-Performing Assets (GNPA) ratio decreasing to 2.50% in Q2FY25, down from 3.32% in Q2FY24. The Net Non-Performing Assets (NNPA) ratio also improved to 0.60%, from 0.76% in the previous year. The bank’s capital adequacy ratio strengthened, increasing to 16.26%, up from 15.30% in the same quarter last year.

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