Consistent ROA, Robust Asset Quality
FinTech BizNews Service
Mumbai, January 30, 2025: Bank of Baroda (BOB) today announced its Financial Results for the Quarter ended 31st December 2024.
Bank of Baroda, under the leadership of Debadatta Chand, Managing Director & CEO, has delivered consistent ROA, robust asset quality. The bank has reported steady Q3FY25 performance.
Key Highlights
• BOB reports a growth of 12.6% in its 9MFY25 Net Profit to INR 14,533 crore
• Net Profit for Q3FY25 stands at INR 4,837 crore, growth of 5.6% YoY.
• Asset quality continues to be robust with Gross NPA below 2.5% at 2.43% for Q3FY25, reduction
of 65 bps YoY.
• Net NPA ratio also remains low at 0.59%, declined by 11 bps YoY.
• Slippage ratio remains contained at 0.90% for Q3FY25 and 0.81% for 9MFY25.
• Credit costs remain below 1% due to better asset quality at 0.30% for the quarter and 0.47% for
9MFY25.
• BOB’s balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.51% with
TWO & at 76.03% without TWO.
• Return on Assets (ROA) remains above 1% and stands at 1.15% for the quarter and 1.17% for
9MFY25.
• Return on Equity (ROE) for the quarter is 17.01% and 17.03% for 9MFY25.
• Operating profit for Q3FY25 stands at INR 7,664 crore, up by 9.3% YoY.
• Operating profit growth was supported by 34.1% YoY growth in Non-Interest Income which
stands at INR 3,769 crore for Q3FY25.
• Cost to Income ratio has also reduced by 4 bps YoY to 49.53% for Q3FY25.
• BOB’s Global Advances registered a growth of 11.8% YoY in Q3FY25 led by robust retail loan
book growth. Bank’s organic Retail Advances grew by 19.5%, driven by growth in high focus
areas such as Auto Loan (21.1%), Home Loan (16.6%), Mortgage Loan (16.3%), Education Loan
(16.9%).
• Capital Adequacy (CRAR) remains healthy at 15.96%.
Profitability
❖ BOB reported a standalone Net Profit of INR 4,837 crore in Q3FY25 as against a profit of
INR 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands at INR 14,533 crore (+12.6%
YoY) as against INR 12,902 crore in 9MFY24.
❖ Net Interest Income (NII) grew by 2.8% YoY to INR 11,417 crore in Q3FY25. NII for
9MFY25 registered a growth of 5.2% and stands at INR 34,639 crore.
❖ Non-Interest Income for Q3FY25 grew by 34.1% YoY and stands at INR 3,769 crore. Non-
Interest Income for 9MFY25 stands at INR 11,438 crore up by 11% YoY
❖ Global NIM stands at 2.94% in Q3FY25. Global NIM for 9MFY25 stands at 3.08%.
❖ Yield on Advances stands at 8.35% in Q3FY25 as against 8.51% in Q3FY24.
❖ Cost of Deposits increased to 5.08% in Q3FY25 as against 4.96% in Q3FY24.
❖ Operating Income for Q3FY25 stands at INR 15,186 crore (+9.2% YoY). Operating Income
for 9MFY25 stands at INR 46,076 crore registering a growth of 6.6%.
❖ Operating Profit for Q3FY25 stands at INR 7,664 crore (+9.3% YoY).
❖ Operating Profit for 9MFY25 increased by 6.3% to INR 24,303 crore.
❖ Cost to Income ratio improved by 4 bps YoY and stands at 49.53% for Q3FY25. Cost to
Income ratio of 9MFY25 stands at 47.26%.
❖ Return on Assets (RoA) (annualised) stands at to 1.15% in Q3FY25. RoA for 9MFY25
stands at 1.17%
❖ Return on Equity (RoE) (annualised) for Q3FY25 stands at 17.01%. RoE stands at
17.03% for 9MFY25.
❖ For the consolidated entity, Net Profit stood at INR 5,214 crore in Q3FY25 as against INR
4,789 crore in Q3FY24.
Asset Quality
❖ The Gross NPA of the Bank reduced by 11.9% YoY to INR 28,471 crore in Q3FY25 and
Gross NPA Ratio improved to 2.43% in Q3FY25 from 3.08% in Q3FY24.
❖ The Net NPA Ratio of the Bank stands at a low of 0.59% in Q3FY25 as compared with
0.70% in Q3FY24.
❖ The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03%
excluding TWO in Q3FY25.
❖ Slippage ratio declined to 0.81% for 9MFY25 as against 1.06% in 9MFY24. Slippage ratio
for the quarter also remains contained at 0.90% for Q3FY25 as against 0.95% in Q3FY24.
❖ Credit cost stands at 0.30% for Q3FY25 and 0.47% for 9MFY25.
Capital Adequacy
❖ CRAR of the Bank stands at 15.96% in Dec’24. Tier-I stood at 13.44% (CET-1 at 12.38%,
AT1 at 1.06%) and Tier-II stood at 2.52% as of Dec’24.
❖ The CRAR and CET-1 of consolidated entity stands at 16.36% and 12.86% respectively
❖ The Liquidity Coverage Ratio (LCR) consolidated stands at 130% (approx.).
Business Performance
❖ Global Advances of the Bank increased to INR 11,73,034 crore, +11.8% YoY.
❖ Domestic Advances of the Bank increased to INR 9,64,869 crore, +11.9% YoY.
❖ Global Deposits increased by 11.8% YoY to INR 13,92,461 crore.
❖ Domestic Deposits increased by 9.2% YoY to INR 11,65,874 crore in Dec’24.
❖ International Deposits grew by 27.3% on a YoY basis to INR 2,26,588 crore in Dec’24.
❖ Organic Retail Advances grew by 19.5%, led by growth in high focus areas such as Auto
Loan (21.1%), Home Loan (16.6%), Mortgage Loan (16.3%), Education Loan (16.9%) on
a YoY basis.
❖ Agriculture loan portfolio grew by 12.5% YoY to INR 1,51,050 crore.
❖ Total Gold loan portfolio (including retail and agri.) stands at INR 58,172 crore, registering
a growth of 29.1% on a YoY basis.
❖ Organic MSME portfolio grew by 13.6% YoY to INR 1,31,769 crore.
❖ Corporate advances registered a growth of 6.8% YoY and stands at INR 3,87,405 crore.
