12-14% credit growth achievable for Bank of Baroda; CASA growth at 6% better than industry benchmark: CEO

economictimes.indiatimes.com:

Debadatta Chand, CEO & MD, Bank of Baroda, says the bank’s guidance on the NIM has been 3.15% plus-minus 5 bps. And the good part of this quarter, the June quarter results is that we maintain the NIM vis-a-vis the last year. The last full year NIM was 3.18 and if you look at the June quarter, it is 3.18. So, while there is cost pressure at the industry level, we have managed NIM positively.
You have mentioned this 12-14% credit growth guidance for FY25. Considering the growth that you have witnessed this quarter, what is giving you the confidence that we will see a pickup?
Debadatta Chand: In the current quarter also we slightly calibrated the advance growth based on the deposit growth. And if you look at the segment of the advances, like the retail is growing more than 20%, the agri and MSME is slightly less than 10%, the corporate was at 2.9%. But within the corporate segment also, the co-corporate which is non-institutional, the growth is 12%.
Currently the pipeline is very strong for July onwards and there is a strong pipeline because we wanted to calibrate the corporate advance in line with the deposit which is again possibly better this quarter. Now we have good control over deposit costs. So, I think the guidance of 12-14% that we are giving is quite achievable. The budget is also supportive in terms of MSME growth and in that scenario and earlier also, we have demonstrated that we are growing higher than 12-13%. So that is achievable.

Similarly, your domestic deposit growth has been around 5% this quarter.