Bank of Baroda (BoB) has announced its financial results for the second quarter of FY25, showcasing strong growth in both its topline and bottomline performance. The bank's robust numbers are driven by higher profitability, improved asset quality, and significant growth in both domestic and international advances.
Net Profit:
Net Interest Income (NII):
Non-Interest Income:
Operating Profit:
Gross Advances:
Deposits:
Retail Advances:
Debdatta Chand, MD & CEO of Bank of Baroda, highlighted the strong financial performance for the quarter. He noted the bank’s proactive approach to digital innovation and IT investments. While the competitive deposit market poses challenges, BoB plans to achieve deposit growth of 9-11% for FY25, slightly below its earlier guidance. The bank aims to maintain its margin guidance at 3.15% ± 5 bps, with a slippage ratio of 1-1.25% for FY25.
Looking forward, BoB expects credit costs to remain below 0.75%, with retail advances projected to grow by around 20% in FY25.
Bank of Baroda’s Q2 FY25 results reflect strong financial performance, with growth across key metrics like net profit, interest income, and advances. The improvement in asset quality and strategic focus on innovation and digital infrastructure positions the bank for continued growth in the upcoming quarters.
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