Banking on Growth: Bank of Baroda’s Global Business Rises 12% in Q3!

Bank of Baroda (BoB) has announced an impressive 12% year-on-year growth in its global business, reaching ₹25.64 lakh crore in Q3 FY25. This surge was driven by robust retail advances, which grew organically by 19.5%, with high-focus areas like auto loans (21.1%), home loans (16.6%), and education l...

Bank of Baroda (BoB) has announced an impressive 12% year-on-year growth in its global business, reaching ₹25.64 lakh crore in Q3 FY25. This surge was driven by robust retail advances, which grew organically by 19.5%, with high-focus areas like auto loans (21.1%), home loans (16.6%), and education loans (16.9%) leading the growth. Global deposits also rose by 11.8% YoY to ₹13.92 lakh crore, while domestic advances increased by 11.9% to ₹9.64 lakh crore. BoB maintained strong asset quality, with Gross NPA reduced to 2.43% and Net NPA at a low 0.59%. The bank reported a net profit of ₹4,837 crore for Q3 FY25, up 5.6% YoY. With a healthy capital adequacy ratio of 15.96%, BoB continues to demonstrate resilience and strategic growth in both domestic and international markets. Source: Bank of Baroda Press Release, Economic Times