“Bank of Baroda (BOB) Reports Financial Results for Q3FY25 Ending 31st December 2024”
Varahi media.com online news,January 31st,2025: BOB reported a standalone Net Profit of INR 4,837 crore in Q3FY25 as against a profit of INR 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands

Varahi media.com online news,January 31st,2025: BOB reported a standalone Net Profit of INR 4,837 crore in Q3FY25 as against a profit of INR 4,579 crore in Q3FY24. Net Profit for 9MFY25 stands at INR 14,533 crore (+12.6% YoY) as against INR 12,902 crore in 9MFY24.
Net Interest Income (NII) grew by 2.8% YoY to INR 11,417 crore in Q3FY25. NII for 9MFY25 registered a growth of 5.2% and stands at INR 34,639 crore.
Non-Interest Income for Q3FY25 grew by 34.1% YoY and stands at INR 3,769 crore. Non-Interest Income for 9MFY25 stands at INR 11,438 crore up by 11% YoY
Global NIM stands at 2.94% in Q3FY25. Global NIM for 9MFY25 stands at 3.08%.
Yield on Advances stands at 8.35% in Q3FY25 as against 8.51% in Q3FY24.
Cost of Deposits increased to 5.08% in Q3FY25 as against 4.96% in Q3FY24.

Operating Income for Q3FY25 stands at INR 15,186 crore (+9.2% YoY). Operating Income for 9MFY25 stands at INR 46,076 crore registering a growth of 6.6%.
Operating Profit for Q3FY25 stands at INR 7,664 crore (+9.3% YoY).
Operating Profit for 9MFY25 increased by 6.3% to INR 24,303 crore.
Cost to Income ratio improved by 4 bps YoY and stands at 49.53% for Q3FY25. Cost to Income ratio of 9MFY25 stands at 47.26%.
Return on Assets (RoA) (annualised) stands at to 1.15% in Q3FY25. RoA for 9MFY25 stands at 1.17%
Return on Equity (RoE) (annualised) for Q3FY25 stands at 17.01%. RoE stands at 17.03% for 9MFY25.
For the consolidated entity, Net Profit stood at INR 5,214 crore in Q3FY25 as against INR 4,789 crore in Q3FY24.
Asset Quality

The Gross NPA of the Bank reduced by 11.9% YoY to INR 28,471 crore in Q3FY25 and Gross NPA Ratio improved to 2.43% in Q3FY25 from 3.08% in Q3FY24.
The Net NPA Ratio of the Bank stands at a low of 0.59% in Q3FY25 as compared with 0.70% in Q3FY24.
The Provision Coverage Ratio of the Bank stood at 93.51% including TWO and 76.03% excluding TWO in Q3FY25.
Slippage ratio declined to 0.81% for 9MFY25 as against 1.06% in 9MFY24. Slippage ratio for the quarter also remains contained at 0.90% for Q3FY25 as against 0.95% in Q3FY24.
Credit cost stands at 0.30% for Q3FY25 and 0.47% for 9MFY25.
Capital Adequacy
CRAR of the Bank stands at 15.96% in Dec’24. Tier-I stood at 13.44% (CET-1 at 12.38%, AT1 at 1.06%) and Tier-II stood at 2.52% as of Dec’24.
The CRAR and CET-1 of consolidated entity stands at 16.36% and 12.86% respectively
The Liquidity Coverage Ratio (LCR) consolidated stands at 130% (approx.).
Business Performance

Global Advances of the Bank increased to INR 11,73,034 crore, +11.8% YoY.
Domestic Advances of the Bank increased to INR 9,64,869 crore, +11.9% YoY.
Global Deposits increased by 11.8% YoY to INR 13,92,461 crore.
Domestic Deposits increased by 9.2% YoY to INR 11,65,874 crore in Dec’24.
International Deposits grew by 27.3% on a YoY basis to INR 2,26,588 crore in Dec’24.
Organic Retail Advances grew by 19.5%, led by growth in high focus areas such as Auto Loan (21.1%), Home Loan (16.6%), Mortgage Loan (16.3%), Education Loan (16.9%) on a YoY basis.
Agriculture loan portfolio grew by 12.5% YoY to INR 1,51,050 crore.
Total Gold loan portfolio (including retail and agri.) stands at INR 58,172 crore, registering a growth of 29.1% on a YoY basis.
Organic MSME portfolio grew by 13.6% YoY to INR 1,31,769 crore.
Corporate advances registered a growth of 6.8% YoY and stands at INR 3,87,405 crore.
Financial results for Quarter and 9 months ended 31st December 2024

Particulars (INR crore) | Q3FY24 | Q2FY25 | Q3FY25 | YoY(%) | 9MFY24 | 9MFY25 | YoY(%) |
Interest Income | 28,605 | 30,263 | 30,908 | 8.0 | 83,023 | 90,800 | 9.4 |
Interest Expenses | 17,504 | 18,641 | 19,491 | 11.3 | 50,094 | 56,161 | 12.1 |
Net Interest Income (NII) | 11,101 | 11,622 | 11,417 | 2.8 | 32,929 | 34,639 | 5.2 |
Non-Interest Income | 2,810 | 5,181 | 3,769 | 34.1 | 10,304 | 11,438 | 11.0 |
Operating Income | 13,912 | 16,803 | 15,186 | 9.2 | 43,233 | 46,076 | 6.6 |
Operating Expenses | 6,897 | 7,326 | 7,522 | 9.1 | 20,373 | 21,774 | 6.9 |
Operating Profit | 7,015 | 9,477 | 7,664 | 9.3 | 22,859 | 24,303 | 6.3 |
Total Provisions (other than tax) and contingencies | 666 | 2,336 | 1,082 | 62.5 | 4,774 | 4,429 | -7.2 |
of which, Provision for NPA Bad Debts Written-off | 1,007 | 1,733 | 871 | -13.5 | 4,986 | 3,874 | -22.3 |
Profit before Tax | 6,349 | 7,141 | 6,582 | 3.7 | 18,085 | 19,873 | 9.9 |
Provision for Tax | 1,769 | 1,903 | 1,745 | -1.4 | 5,183 | 5,340 | 3.0 |
Net Profit | 4,579 | 5,238 | 4,837 | 5.6 | 12,902 | 14,533 | 12.6 |
Business position

Particulars (INR crore) | Dec 31 2023 | Sep 30 2024 | Dec 31 2024 | YoY (%) |
Domestic deposits | 10,67,371 | 11,50,791 | 11,65,874 | 9.2 |
Domestic CASA | 4,34,337 | 4,58,425 | 4,62,617 | 6.5 |
Global deposits | 12,45,300 | 13,63,486 | 13,92,461 | 11.8 |
Domestic advances | 8,62,086 | 9,38,883 | 9,64,869 | 11.9 |
Of which, retail loan portfolio (Organic) | 2,03,627 | 2,32,311 | 2,43,360 | 19.5 |
Global advances | 10,49,327 | 11,43,039 | 11,73,034 | 11.8 |
Key Ratios
Particulars | Q3FY24 | Q2FY25 | Q3FY25 |
NIM Global % | 3.10 | 3.10 | 2.94 |
Return on Assets (%) | 1.20 | 1.30 | 1.15 |
CRAR (%) | 14.72 | 16.26 | 15.96 |
CET-1 (%) | 11.11 | 12.67 | 12.38 |
Gross NPA (%) | 3.08 | 2.50 | 2.43 |
Net NPA (%) | 0.70 | 0.60 | 0.59 |
PCR (with TWO) (%) | 93.39 | 93.61 | 93.51 |