Company Update : Bank of Baroda By Motilal Oswal Financial Services Ltd
Business growth healthy; domestic CD ratio at 82.6%
Bank of Baroda (BOB) released its 3QFY25 business update. Following are the key takeaways:
* Total advances grew 11.7% YoY (up 2.5% QoQ) to INR11.7t, with domestic advances up 11.8% YoY (up 2.6% QoQ). International book grew at 11.2% YoY/up 2% QoQ. Domestic retail loans grew 19.5% YoY.
* Total deposits grew at 11.8% YoY (up 2.1% QoQ) to INR13.9t, with growth in domestic deposits at 9.2% YoY (up 1.3% QoQ).
* The bank’s global business grew 11.7% YoY to INR25.6t.
* As a result, the domestic C/D ratio stood at 82.6% (on a gross basis).
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