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Informist, Friday, Jul. 25, 2025

 

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--Bank of Baroda Apr-Jun slippage ratio 1.16% vs 1.00% qtr ago 
--Bank of Baroda Apr-Jun credit cost 0.55% vs 0.44% qtr ago 
--Bank of Baroda Apr-Jun write-offs INR 21.16 bln vs INR 18.40 bln qtr ago 
--Bank of Baroda Apr-Jun upgrades INR 8.10 bln vs INR 8.25 bln qtr ago 
--Bank of Baroda Apr-Jun recoveries INR 7.50 bln vs INR 11.18 bln qtr ago 
--Bk of Baroda Apr-Jun fresh slippages INR 34.76 bln vs INR 28.73 bln qtr ago 
--Bank of Baroda: Corporate loans INR 3.703 tln as on Jun 30, up 4.2% YoY 
--Bank of Baroda: MSME loans INR 1.357 tln as on Jun 30, up 13.1% YoY 
--Bank of Baroda: Retail loans INR 2.615 tln as on Jun 30, up 17.5% YoY 
--Bk of Baroda domestic CASA ratio at 39.33% Jun 30, down 64 bps on qtr 
--Bank of Baroda Apr-Jun cost-to-income ratio 48.87% vs 49.89% qtr ago 
--Bank of Baroda Apr-Jun domestic cost of deposits 5.22% vs 5.33% qtr ago 
--Bank of Baroda Apr-Jun global cost of deposits 5.05% vs 5.12% qtr ago 
--Bank of Baroda Apr-Jun domestic NIM 3.06% vs 3.16% quarter ago 
--Bank of Baroda Apr-Jun global NIM 2.91% vs 2.98% quarter ago 
--Bank of Baroda global deposits INR 14.356 tln as on Jun 30, up 9.1% YoY 
--Bank of Baroda global advances INR 12.071 tln as on Jun 30, up 12.6% YoY 
--Bank of Baroda Apr-Jun net interest income INR 114.35 bln, down 1.4% YoY 
--Bank of Baroda NPA provision coverage ratio 93.18% as on Jun 30 
--Bank of Baroda Basel III capital adequacy ratio 17.61% as on Jun 30 
--Bank of Baroda net NPA ratio 0.60% as on Jun 30 vs 0.58% qtr ago 
--Bank of Baroda gross NPA ratio 2.28% as on Jun 30 vs 2.26% qtr ago 
--Bank of Baroda Apr-Jun provisions INR 19.67 bln vs INR 10.11 bln year ago 
--Bank of Baroda Apr-Jun total income INR 357.66 bln vs INR 321.16 bln yr ago 
--Bank of Baroda Apr-Jun net profit INR 45.41 bln vs INR 44.58 bln year ago 
--Analysts saw Bank of Baroda Apr-Jun net profit at INR 42.09 bln 
--Bank of Baroda Apr-Jun net profit INR 45.41 bln 

 

By Vaishali Tyagi

 

MUMBAI – Bank of Baroda's net profit rose marginally in the June quarter as provisons doubled. The bank's bottom line was supported by the rise in treasury income. The state-owned bank managed to beat street expectations on net profit. 

 

Bank of Baroda reported a net profit of INR 45.41 billion for the quarter ended June, up 1.87% on year and higher than analysts' estimate of INR 42.09 billion. Sequentially, however, the net profit of the bank was down over 10%. 

 

Provisions during Apr-Jun were up over 94% on year at INR 19.67 billion which weighed on the bottom line. The bank's asset quality woes also relected in its net non-performing assets ratio rising by 2 bps to 0.60% end of June and gross non-performing assets ratio rising 2 bps to 2.28% from 2.26% a quarter ago. The bank's provision coverage ratio was 93.18% as of Jun. 30, 11 bps lower than the quarter ago figure. 

 

A rise in treasury income supported Bank of Baroda's bottom line especially as the net interest income fell 1.4% on year to INR 114.35 billion during the June quarter. The net interest income of the bank was slighlty above analyst expectation of INR 108.52 billion. The bank's other income during the quarter went up nearly 88% to INR 46.75 billion, led by treasury income of INR 22.26 billion. During Apr-Jun, the total income of the bank rose 11.4% on year to INR 358.52 billion. Sequentially, it remained broadly stable.

 

The global net interest margin of the bank moderated to 2.91% in Apr-Jun compared with 2.98% quarter ago. Bank of Baroda's domestic net interest margin during Apr-Jun was 3.06% lower than the 3.16% reported a quarter ago. 

 

The bank's business performance was steady, with global advances and global deposits rising nearly 13% and over 9% on year, respectively, to INR 12.07 trillion and INR 14.36 trillion as of Jun. 30. 

 

Within advances, the gross domestic advances were up almost 12.4% on year at INR 9.91 trillion as of Jun. 30 and the international advances rose 13.6% on year to INR 2.16 trillion. Retail advances were up over 17.5% on year at 2.61 trillion at the end of June. 

 

Within this, the bank's personal loan book grew over 19% on year to INR 366.90 billion. The bank's home loan book grew over 16% on year to INR 1.34 trillion as on Jun. 31. The agriculture loan book grew over 16% on year to INR 1.62 trillion and the micro, small and medium enterprise book increased over 13% on year to INR 1.36 trillion. The corporate book grew 4.2% on year to INR 3.7 trillion.

 

On the deposits front, the domestic deposits were up 8.1% on year at INR 12.04 trillion and international deposits were up nearly 15% on year at INR 2.31 trillion. The domestic current account savings account deposits ratio fell 98 basis points on year and declined 64 bps on quarter to 39.33%. In Apr-Jun, the cost of deposits was 5.22%, lower than 5.33% a quarter ago. 

 

In Apr-Jun, Bank of Baroda's slippage ratio was 1.16%, 16 bps higher from March quarter but 11 bps higher from the June quarter of FY25. The credit cost was 0.55% in the quarter ended June, 11 bps higher from Jan-Mar, and eight bps higher from a year ago. The bank reported fresh slippages of INR 34.76 billion in the reporting quarter, while recoveries and upgrades in the same duration were to the tune of INR 15.60 billion as against INR 19.43 billion a quarter ago and INR 16.57 billion a year ago. The bank's write-offs were INR 21.16 billion, higher from INR 18.40 billion, the bank reported a quarter. However, these were down from INR 23.14 billion reported a year ago. 

 

The bank released its earnings for the reported quarter post market hours. On Friday, shares of the lender ended 1.4% lower at INR 243.24 on the National Stock Exchange. End

 

Edited by Akul Nishant Akhoury

 

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