Bank of Baroda announced the appointment of Manoranjan Mishra as Director on the Board of Bank of Baroda vice Parvathy Sundaram with effect from 12 December 2024. Powered by Capital Market - Live

Bank of Baroda has reviewed and kept unchanged Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 12 December 2024 as under:  MCLR Tenor Rate %    Overnight 8.15    One month 8.35    Three month 8.55    Six month 8.80    One year 9.00  Powered by Capital Market - Live

Profit before tax (PBT) jumped 21.88% YoY to Rs 7141.28 crore during the quarter. In Q2 FY25, operating profit before provisions and contingencies stood at Rs 9,477.01 crore in Q2 FY25, up 18.17% YoY. Net interest income (NII) increased 7.3% YoY to Rs 10,831 crore during the quarter. Net interest margin (NIM) stood at 3.10% in Q2 FY25 as against 3.07% in Q2 FY24. Total deposits rose 9.1% YoY to Rs 12,49,647 crore as on 30th September 2024. Domestic deposits stood at Rs 11,50,791 crore as on 30th September 2024 as against Rs 10,74,114 crore as on 30th September 2023. International deposits was at Rs 2,12,695 crore as on 30th September 2024 as compared with Rs 1,75,533 crore as on 30th September 2023. Domestic CASA deposits registered a growth of 7% YoY and stood at Rs 4,58,425 crore as of 30th September 2024. Domestic advances increased 12.5% to Rs 9,38, 883 crore in Q2 FY25 as compared with Rs 8,34,723 crore in Q2 FY24. The gross non-performing asset (GNPA) reduced by 15.95% YoY to Rs 28,551.20 crore as on 30 September 2024 as compared with Rs 33,968.47 crore as on 30 September 2023. Gross NPA ratio improved to 2.50% in Q2 FY25 from 3.32% in Q2 FY24. Net NPA ratio stood at 0.60% as on 30 September 2024 as against with Rs 0.76% as on 30 September 2023. CRAR of the Bank stood at 16.26% in September 2024. Tier-I stood at 14.18% (CET-1 at 12.67%, AT1 at 1.51 %) and Tier-II stood at 2.08% as of September 2024. Bank of Baroda is one of India's largest banks with a strong domestic presence spanning 8,266 branches and 10,419 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 84 overseas offices spanning 17 countries. As of 30 September 2024, Government of India held 63.97% stake in the bank.Powered by Capital Market - Live

Net profit of Bank of Baroda rose 21.86% to Rs 5355.10 crore in the quarter ended September 2024 as against Rs 4394.31 crore during the previous quarter ended September 2023. Total Operating Income rose 8.97% to Rs 31886.92 crore in the quarter ended September 2024 as against Rs 29262.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income31886.9229262.76 9 OPM %60.0058.26 - PBDT7433.756022.77 23 PBT7433.756022.77 23 NP5355.104394.31 22 Powered by Capital Market - Live

Profit before tax (PBT) jumped 21.88% YoY to Rs 7141.28 crore during the quarter. In Q2 FY25, operating profit before provisions and contingencies stood at Rs 9,477.01 crore in Q2 FY25, up 18.17% YoY. Net interest income (NII) increased 7.3% YoY to Rs 10,831 crore during the quarter. Net interest margin (NIM) stood at 3.10% in Q2 FY25 as against 3.07% in Q2 FY24. Total deposits rose 9.1% YoY to Rs 12,49,647 crore as on 30th September 2024. Domestic deposits stood at Rs 11,50,791 crore as on 30th September 2024 as against Rs 10,74,114 crore as on 30th September 2023. International deposits was at Rs 2,12,695 crore as on 30th September 2024 as compared with Rs 1,75,533 crore as on 30th September 2023. Domestic CASA deposits registered a growth of 7% YoY and stood at Rs 4,58,425 crore as of 30th September 2024. Domestic advances increased 12.5% to Rs 9,38, 883 crore in Q2 FY25 as compared with Rs 8,34,723 crore in Q2 FY24. The gross non-performing asset (GNPA) reduced by 15.95% YoY to Rs 28,551.20 crore as on 30 September 2024 as compared with Rs 33,968.47 crore as on 30 September 2023. Gross NPA ratio improved to 2.50% in Q2 FY25 from 3.32% in Q2 FY24. Net NPA ratio stood at 0.60% as on 30 September 2024 as against with Rs 0.76% as on 30 September 2023. CRAR of the Bank stood at 16.26% in September 2024. Tier-I stood at 14.18% (CET-1 at 12.67%, AT1 at 1.51 %) and Tier-II stood at 2.08% as of September 2024. Bank of Baroda is one of India's largest banks with a strong domestic presence spanning 8,266 branches and 10,419 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 84 overseas offices spanning 17 countries. As of 30 September 2024, Government of India held 63.97% stake in the bank. The counter declined 2.26% to end at Rs 239.50 on the BSE.Powered by Capital Market - Live

Bank of Baroda will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

The headline equity benchmarks pared early losses and traded with minor gains in mid-morning trade. The Nifty traded above the 25,300 level after hitting the day's low of 25,094.55 in early trade. PSU bank shares advanced after declining for the previous trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 211.74 points or 0.26% to 82,708.84. The Nifty 50 index rose 60.20 points or 0.24% to 25,310.30. In the broader market, the S&P BSE Mid-Cap index rose 0.11% and the S&P BSE Small-Cap index added 0.11%. The market breadth was positive. On the BSE, 2,096 shares rose and 1,633 shares fell. A total of 160 shares were unchanged. Economy : The HSBC India Services PMI survey, compiled by S&P Global, indicates strong sector performance, but total new business, international sales, and output have all increased at the slowest rates since late 2023. Despite solid job creation and strengthening business confidence, the Services Business Activity Index fell from 60.9 in August to 57.7 in September, still indicating growth above the neutral mark of 50.0. The slowdown in output growth, the lowest since November 2023, was influenced by intense competition, cost pressures, and shifts in consumer preferences toward online services. While new business intakes expanded sharply, their growth rate dropped to a ten-month low, and international sales growth weakened significantly, reflecting broader trends in private sector output. Buzzing Index : The Nifty PSU Bank index rose 1.66% to 6,789.05. The index fell 1.24% in the past trading session. Bank of Baroda (up 2.67%), Indian Bank (up 2.57%), Canara Bank (up 1.33%), Central Bank of India (up 1.16%), State Bank of India (up 0.77%), Punjab National Bank (up 0.65%), Union Bank of India (up 0.49%), Indian Overseas Bank (up 0.48%), Punjab & Sind Bank (up 0.37%) edged higher. On the other hand, Bank of India (down 0.7%), Bank of Maharashtra (down 0.33%) and UCO Bank (down 0.23%) edged lower. Bank of Baroda advanced 2.67% after the global business of the bank aggregated to Rs 25,06,809 crore as of 30 September 2024, up by 10.23% from Rs 22,74,148 crore as on 30 September 2023. Stocks in Spotlight : Suryoday Small Finance Bank (SFB) fell 1.59%. The bank's gross advances increased 35% to Rs to Rs 9,360 crore as on 30 September 2024, as compared to Rs 6,921 crore as on 30 September 2023. Global Markets: Asian stocks traded higher on Friday, following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge in the run up to September's U.S. payrolls report. U.S. President Joe Biden warned that the U.S. was considering strikes on Iranian oil facilities in response to Tehran's missile attack on Israel. Meanwhile, Israel continued its military campaign against the Lebanese armed group Hezbollah, with new air strikes targeting Beirut. Investors were also closely watching the U.S. nonfarm payrolls report, which could provide further insights into the Federal Reserve's interest rate policy. U.S. stocks closed lower on Thursday, though they recovered from intraday losses. Traders remained cautious amid the ongoing Middle East conflict and the anticipation of the jobs report. The Dow Jones Industrial Average declined by 0.44%, the S&P 500 fell by 0.17%, and the Nasdaq Composite dropped by 0.04%. Powered by Capital Market - Live

The bank's global business has grown by 3.70% as compared to Rs 24,17,464 crore as on 31 March 2024. These figures were announced by the bank after market hours on Thursday. The global deposits of the public sector bank have increased by 9.11% to Rs 13,63,486 crore as on 30 September 2024 from Rs 12,49,647 crore. Domestic deposits accounted for 84% of the global deposit, down 200 basis points on YoY basis. BoB's global advances amounted to Rs 11,43,323 crore as on 30 September 2024, higher by 11.60% as compared with the same period last year. As of 30 September 2024, domestic advances and domestic retail advances of the bank stood at Rs 9,39,128 crore (up 12.51% YoY) and Rs 2,32,320 crore (up 19.95% YoY), respectively. Bank of Baroda is one of India's largest banks with a strong domestic presence spanning 8,266 branches and 10,419 ATMs and Cash Recyclers supported by self-service channels. The Bank has a significant international presence with a network of 84 overseas offices spanning 17 countries. As of 30 June 2024, Government of India held 63.97% stake in the bank. The bank had reported 9.53% increase in standalone net profit to Rs 4,458.15 crore in Q1 FY25 from Rs 4,070.07 crore in Q1 FY24. Total income increased by 7.49% YoY to Rs 32,115.95 crore in Q1 FY25. Powered by Capital Market - Live

Bank of Baroda announced that its Sydney, Australia Branch has concluded borrowing of AUD 200 million through Syndicated Term Loan Facility for tenure of 3 years.Powered by Capital Market - Live

Bank of Baroda in collaboration with EaseMyTrip.com announced the launch of the Bank of Baroda EaseMyTrip Co-branded Travel Debit Card, designed to cater to frequent travellers and entertainment & lifestyle enthusiasts. This is the first co-branded travel debit card to be launched by a public sector bank.Powered by Capital Market - Live