BoB Q4 consol PAT rises 2.3% to Rs 4,886 cr

On Friday, Public sector lender, Bank of Baroda reported its earnings for the fourth quarter of FY24. The lender’s consolidated net profit rose 2.3% on year to 4,886 crore rupees against 4,775 crore rupees in the same quarter FY23. 

Key Takeaways from Bank of Baroda’s Performance: 

  • Consolidated PAT rose 2.3% to 4,886 crore rupees.
  • Net interest income for the quarter stood at 11,793 crore rupees.
  • Gross non-performing assets stood at 2.92% Y-o-Y, earlier 3.79%.

The bank’s net interest income for the quarter clocked at 11,793 crore rupees from 11,525 crore rupees in the fourth quarter Financial Year 2022-23. Further, the bank witnessed a compression in its net interest margin which fell to 3.18% from 3.31% in the year-ago period.

The lender’s gross non-performing asset (NPA) stood at 2.92%, down from 3.79%  in the year-ago period. On the other hand, the net NPA for the quarter stood at 0.68% compared to 0.89% in the corresponding quarter last year.

Total domestic deposits of the lender grew by 7.7% on year to 11.28 lakh crore rupees from 10.47 lakh crore rupees in Q4 FY23. Sequentially, domestic advances also increased by 12.9% to 8.98 lakh crore rupees in Q4 FY24 against 7.95 lakh crore rupees in Q4 FY23.

About Bank of Baroda:

Bank of Baroda is one of India’s leading public sector banks with a strong distribution network spread across 8,200+ branches, 10,000+ ATMs, 1,200+ self-service e-lobbies and 20,000 Business Correspondents. The bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 20 countries.

Read More About Bank of Baroda Share Price Here!

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