Bank of Baroda’s shares surged nearly 3% today after the bank reported robust growth in its global business. According to provisional data, the bank’s global business grew 10.5% year-on-year in the second quarter, reaching ₹27.80 lakh crore compared to ₹25.16 lakh crore in the same period last year.
The bank’s credit growth outpaced deposits in Q2, showing strong momentum in lending. Global advances rose 11.9% to ₹12.80 lakh crore as of September 30, while deposits grew 9.3% to ₹15 lakh crore. Domestically, advances increased 11.5% and deposits climbed 9.7%.
Retail loans stood out with impressive growth, rising 17.6% year-on-year to ₹2.73 lakh crore, reflecting healthy demand from individual borrowers. The results highlight Bank of Baroda’s continued expansion and strong footing in both domestic and international markets.
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