Bank of Baroda total gross advances rises 19% yoy during March quarter

Bank of Baroda stocks are in focus after the firm announced the robust business update for the March quarter.

According to the regulatory filing, as of March 31, 2023, the total business of the bank crossed Rs. 21 trillion milestones. The total business of the bank grew by 16.8 % YoY to Rs 21.77 trillion.

Further, the bank said that its total advances rose by 19% YoY and 5.4% QoQ to Rs 9.74 trillion as of March 31, 2023.

Bank's total deposits also grew by 15.1% YoY and 4.7% QoQ to Rs 12.04 trillion, the Bank informed the exchanges.

On Wednesday, at around 1:54 PM, shares of Bank of Baroda were trading muted at 170.50 per share on the BSE.