Hot Pursuit     08-Jul-24
Bank of Baroda domestic advances grow 8% YoY in Q1; to raise Rs 7,500 cr via debt instruments
The public sector bank reported 8.51% rise in domestic advances to Rs 8,81,817 crore as on 30 June 2024 from Rs 8,12,626 crore as on 30 June 2023.

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.

Previous News
  Barometers reverse losses; PSU banks rally
 ( Market Commentary - Mid-Session 04-Oct-24   11:33 )
  Bank of Baroda edges higher after global business rises by over 10% YoY in Q1 FY25
 ( Hot Pursuit - 04-Oct-24   10:13 )
  Bank of Baroda's Sydney branch raises term loan facility of AUD 200 million
 ( Corporate News - 25-Sep-24   17:04 )
  Bank of Baroda collaborates with EaseMyTrip to launch co-branded debit card
 ( Corporate News - 23-Sep-24   17:50 )
  Bank of Baroda retains MCLRs across tenors
 ( Corporate News - 11-Sep-24   10:40 )
  ICICI Bank Ltd Slips 0.38%
 ( Hot Pursuit - 03-Sep-24   09:30 )
  Bank of Baroda Slides 0.48%
 ( Hot Pursuit - 28-Aug-24   09:30 )
  Bank of Baroda up for third straight session
 ( Hot Pursuit - 20-Aug-24   13:05 )
  Bank of Baroda receives ratings action from CRISIL
 ( Corporate News - 16-Aug-24   18:17 )
  Bank of Baroda's infra and affordable housing bonds rated at 'IND AAA; Stable'
 ( Corporate News - 14-Aug-24   17:47 )
  Bank of Baroda
 ( Results - Analysis 01-Aug-24   08:42 )
Other Stories
  Avantel Q2 PAT jumps 42% YoY to Rs 23 cr
  05-Oct-24   17:03
  Equitas SFB total deposits jump 29% YoY in Q2 FY25
  05-Oct-24   16:28
  Ujjivan SFB total deposits rises 17% in Q2 FY25
  05-Oct-24   15:34
  L&T Finance retail disbursements jump 12% YoY in Q2 FY25
  05-Oct-24   14:31
  Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore
  05-Oct-24   13:32
  Lupin's Pune-based biotech facility gets 5 observations from US FDA
  05-Oct-24   13:20
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
Back Top