Company Profile

Bank of Baroda’s global deposits grew 10.24% to Rs 13,26,919 crore (Provisional) as of March 31, 2024 (Q4FY24), as compared to Rs 12,03,688 crore as of March 31, 2023 (on a yearly basis). On a quarterly basis, the global deposits stood at Rs 12,45,300 crore as of December 2023.

Its Global advances stood at Rs 10,89,822 crore (Provisional) as of March 31, 2024, posting a 12.41% rise in year-on-year (YoY) terms as against Rs 9,69,548 crore as of March 31, 2023 and on quarter-on-quarter (QoQ) basis, Global advances stood at Rs 10,49,327 crore as of December 2023. Domestic advances and Domestic Retail advances stood at Rs 8,97,366 crore and Rs 2,14,792 crore (Provisional) respectively as of March 31, 2024.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Bank of Baroda has acquired the co-branding rights for three stations of Delhi Metro. These stations are Inderlok, South Extension and Rajouri Garden. Delhi Metro Rail Corporation (DMRC) awarded the naming rights to the bank for a period of 10 years, beginning from 2024. 

In addition to the exclusive co-branding rights, the bank will get a dedicated space for branding, display of products and installation of an ATM/Digital Banking Unit (DBU)/ kiosk to serve customers. 

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Banking stocks gained on the BSE, after a survey conducted by industry body FICCI and banking association Indian Banks’ Association (IBA) has showed that the health of the Indian banking sector continues to improve with better asset quality and high credit growth. The eighteenth round of the survey was carried out for the period July to December 2023.

Bank of Baroda is currently trading at Rs. 259.55, up by 3.80 points or 1.49% from its previous closing of Rs. 255.75 on the BSE.

Bank of India is currently trading at Rs. 135.70, up by 1.15 points or 0.85% from its previous closing of Rs. 134.55 on the BSE.

State Bank of India is currently trading at Rs. 745.85, up by 2.05 points or 0.28% from its previous closing of Rs. 743.80 on the BSE.

Those banks that were surveyed together represent about 77 per cent of the banking industry, as classified by asset size. India’s economy held relatively well (estimated 7.6 per cent) in 2023-24 compared to other major economies driven by strong investment growth and a rebound in industrial activity. Credit growth also continued to rise, supported by factors such as economic expansion and a continued push for retail credit which has been supported by improving digitalisation. The banking sector’s clean balance sheets support further loan growth going forward.

The survey findings showed that long term credit demand has seen continued growth for sectors such as Infrastructure, metals, iron and steel, food processing. Infrastructure is witnessing an increase in credit flow with 82 per cent of the respondents indicating an increase in long-term loans as against 67 per cent in the previous round. The joint survey suggested that the outlook for non-food industry credit over next 6 months is optimistic with 41 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent while 18 per cent feel that non-food industry credit growth would be in the range of 10-12 per cent. Further, 36 per cent of the respondents are of the view that non-food industry credit growth would be in the range of 8-10 per cent.

Bank of Baroda has launched the bob Earth Green Term Deposit Scheme, with the aim to raise deposits that will be deployed towards financing eligible environment-friendly projects and sectors.

The bob Earth Green Term Deposits offer depositors the opportunity to earn attractive interest rates on a range of tenors and participate in India’s transition to a green and sustainable economy. The Bank is offering interest rates of up to 7.15% p.a. The General Public/Resident Indians, NRIs and High Net worth Individual (HNI) investors are all eligible to invest in the bob Earth Green Term Deposit scheme.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

Bank of Baroda has raised Rs 2,500 crore through the issuance of Basel III Compliant Tier-II Bonds Series XXVI to fund business growth. The bank has received a strong response from investors, which allowed it to price the issue at a very competitive coupon rate of 7.57 per cent.

These bonds are unsecured, listed, rated, subordinated, non-convertible, taxable, redeemable having a tenor of 10 years from deemed date of allotment with a 5-year call option. The bidding for the bonds took place on February 21, 2024 while the allotment was done on February 22, 2024.  

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.