Bank of Baroda Q1 Results FY2023, PAT at Rs. 1944 crore

Bank of Baroda Q1 Results FY2023

by Shreya Anaokar Last Updated: Dec 12, 2022 - 08:37 am 22.7k Views
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On 30th July 2022, the Bank of Baroda announced its quarterly results for the first quarter of FY2023.

Q1FY23 Key Highlights:

- Net Interest Income grew by 12% to Rs. 8,838 crores in Q1FY23. 

- Fee-based Income for the quarter increased by 15.6% to Rs. 1,277 crores. 

- Operating Income for Q1FY23 stands at Rs. 10,020 crores. 

- Operating Profit for Q1FY23 stands at Rs. 4,528 crores. 

- Bank reported a standalone Net Profit of Rs. 2,168 crores in Q1FY23 as against a profit of Rs. 1,209 crores in Q1FY22. 

- Global NIM stands at 3.02% in Q1FY23. 

- Return on Assets (RoA) improved to 0.68% in Q1FY23 from 0.42% in Q1FY22. 

- Return on Equity (RoE) increased by 500 bps YoY to 13.63%

- For the consolidated entity, Net Profit stood at Rs. 1,944 crores in Q1FY23 as against Rs. 1,187 crores in Q1FY22.  

 

Business Highlights:

- The Gross NPA of the Bank reduced to Rs. 52,591 crores in Q1FY23 from the level of Rs. 66,671 crores in Q1FY22 and the Gross NPA Ratio improved to 6.26% in Q1FY23 from 8.86% in Q1FY22. 

- The Net NPA Ratio of the Bank improved to 1.58% in Q1 FY23 as compared with 3.03% in Q1FY22. 

- The Provision Coverage Ratio of the Bank stood at 89.38% including TWO and 75.94% excluding TWO in Q1FY23. 

- Slippage ratio decreased to 1.71% for Q1FY23 as against 3% in Q1FY22. 

- Credit cost for the Q1FY23 stands at 0.75%

- Global Advances of the Bank increased to Rs. 8,39,785 crore, +18% YoY. 

- Domestic Advances of the Bank increased to Rs. 6,95,493 crore, +15. 7% YoY. 

- Global Deposits increased by 10.9% YoY to Rs. 10,32,714 crore. Domestic Deposits increased by 8.5% YoY to Rs. 9,09,095 crore in Jun'22. 

- Domestic Current Account Deposits stand at Rs. 63,440 crores, registering a growth of 10% on a YoY basis. 

- Domestic Savings Bank Deposits grew by 11.1 % to Rs. 3,38, 182 crores. Overall Domestic CASA registered a growth of 10.9% on a YoY basis. 

- Organic Retail loan portfolio of the Bank grew by 23.2% led by growth in the Personal loan portfolio by 147.1%, Auto loan by 25.6%, Education loan by 20.5%, and Home loan by 15.3% on a YoY basis. 

- Agriculture loan portfolio grew by 14.4% YoY to Rs. 1, 10,854 crores. 

- Organic MSME portfolio grew by 11.1 % YoY to Rs. 96,954 crore

 

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About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
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