Bank of Baroda Q4: Net Profit rises by 10.1% YoY; declares dividend
State-owned Bank of Baroda has announced the quarterly financial results of March-end where Net Profit for FY25 stands at Rs 19,581 crore (+10.1% YoY) as against Rs 17,789 crore in FY24. As well the Net Interest Income for FY25 registered a growth of 2.1% and stands at Rs 45,659 crore.
Meanwhile, in terms of Business Segments,Domestic Advances of the Bank increased to Rs 10,21,112 crore, +13.7% YoY. Global Advances of the Bank increased to Rs 12,30,461 crore, +12.8% YoY. Global Deposits increased by 10.3% YoY to INR 14,72,035 crore.
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In terms of asset quality, the Gross NPA of the Bank reduced by 12.6% YoY to Rs 27,835 crore in FY25 and Gross NPA Ratio improved to 2.26% in FY25 from 2.92% in FY24. The Net NPA Ratio of the Bank stands at 0.58% in FY25 as compared with 0.68% in FY24. The Provision Coverage Ratio of the Bank stood at 93.29% including TWO and 74.87% excluding TWO for FY25.
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The Board has recommended a dividend of 418%, subject to requisite approvals.
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