Bank of Baroda has demonstrated impressive growth for the third quarter as of December 31, 2024, with key financial metrics reflecting a solid performance. The bank’s global business surged by 11.74% YoY, reaching ₹25,64,068 crore. This growth was driven by a robust increase in both global advances and global deposits.
Global advances grew by 11.65% YoY, totaling ₹11,71,606 crore, while global deposits saw an even stronger increase of 11.82%, amounting to ₹13,92,462 crore. On the domestic front, advances and deposits also showed strong performance, with domestic advances increasing by 11.76% to ₹9,63,438 crore, and domestic deposits growing by 9.23% to ₹11,65,874 crore.
A significant highlight was the growth in domestic retail advances, which rose by 19.48% YoY, reaching ₹2,43,303 crore. This growth reflects Bank of Baroda’s strong position in retail banking and its commitment to expanding its market share.
Key Figures for 31st Dec 2024:
- Global Business: ₹25,64,068 crore (up 11.74%)
- Global Advances: ₹11,71,606 crore (up 11.65%)
- Global Deposits: ₹13,92,462 crore (up 11.82%)
In the meantime, Bank of Baroda’s shares opened at ₹242.50, with a high of ₹245.10 and a low of ₹240.80. The stock has shown strong performance in the past year, reaching a 52-week high of ₹299.70 and a low of ₹219.45.
