Bank of Baroda Q3 Results FY2023, PAT at Rs. 3853 crores
On 3rd February, Bank of Baroda announced its results for the third quarter of FY2023.
Key Highlights:
- Net Interest Income (NII) grew by 26.5% YoY to Rs. 10,818 crores in Q3FY23.
- Fee based Income for the quarter increased by 9.4% to Rs. 1,539 crores.
- Operating Income for Q3FY23 stands at Rs. 14,370 crores, an increase of 29.8% YoY.
- Operating Profit for Q3FY23 stands at Rs. 8,232 crores, an increase of 50.1 % YoY.
- Bank reported a standalone Net Profit of Rs. 3,853 crores in Q3FY23
- Global NIM stands at 3.37% in Q3FY23, an increase of 24 bps YoY
Business Highlights:
- Yield on Advances increased to 7.78% in O3FY23 as against 6.92% in Q3FY22.
- The cost of Deposits stands at 4.01 % in Q3FY23 as against 3.50% in Q3FY22.
- The cost to Income ratio declined to 42.71 % for Q3FY23 as against 50.47% for Q3FY22.
- Return on Assets (annualized) improved to 1.13% in Q3FY23 from 0.74% in Q3FY22.
- The Gross NPA of the Bank reduced by 25.3% YoY to Rs. 41,858 crores in Q3FY23
- The Net NPA Ratio of the Bank improved to 0.99% in Q3FY23
- The Provision Coverage Ratio of the Bank stood at 92.34% including TWO
- Slippage ratio declined to 1.05% for Q3FY23
- Credit cost for the Q3FY23 stands at 0.37%.
- CRAR of the Bank stands at 14.93%. Tier-I stood at 12.62% (CET-1 at 10.83%, AT1 at 1.79%) and Tier-II stood at 2.31%.
- The CRAR and CET-1 of the consolidated entity stand at 15.44% and 11.45% respectively
- Global Advances of the Bank increased to Rs. 9,23,878 crore, up by 19.7% YoY.
- Domestic Advances of the Bank increased to Rs. 7,60,249 crore, up by 16.2% YoY.
- International advances grew by 4.4% sequentially in Q3FY23
- Global Deposits increased by 17.5% YoY to Rs. 11,49,507 crore.
- Domestic Deposits increased by 14.5% YoY to Rs. 10,03,737 crore.
- International Deposits grew by 43.6% YoY to Rs. 1,45,770 crore.
- Domestic CASA registered a growth of 7.6% YoY and stands at Rs. 4, 17,812 crores with Domestic Savings account deposits registering a growth of 9.2% YoY.
- Organic Retail Advances grew by 29.4%, led by growth in high focus areas such as Auto Loan (27.5%), Home Loans (19.6%), Personal Loans (169.6%), Mortgage Loans (20.5%), Education Loans (24.1 %) YoY.
- Agriculture loan portfolio grew by 12.8% YoY to Rs. 1,19,197 crore.
- Total Gold loan portfolio (including retail and agriculture) stands at Rs. 35,134 crores, registering a growth of 29.8% YoY.
- Organic MSME portfolio grew by 11.1 % YoY to Rs. 1,03,003 crore.
Share Market Today
Indices Name | Price | Price Change (% change) |
---|---|---|
S&P ASX 200 | 7676.00 | 34.8 (0.46%) |
CAC 40 | 8079.63 | 39.27 (0.49%) |
DAX | 18052.26 | 191.46 (1.07%) |
Dow Jones | 38401.57 | 161.59 (0.42%) |
FTSE 100 | 8032.75 | 6.2 (0.08%) |
Hang Seng | 16828.94 | 317.24 (1.92%) |
US Tech Composite | 15600.25 | 143.94 (0.93%) |
Nikkei 225 | 37552.09 | 113.55 (0.3%) |
S&P 500 | 5046.40 | 35.8 (0.71%) |
Gift Nifty | 22378.00 | -80 (-0.36%) |
Shanghai Composite | 3021.98 | -22.62 (-0.74%) |
Taiwan Weighted | 19599.28 | 188.06 (0.97%) |
US 30 | 38404.60 | 151.5 (0.4%) |
Start Investing in 5 mins*
Rs. 20 Flat Per Order | 0% Brokerage