BoB loan book grows 8% in Q1; IndusInd's net advances up 16%
Bank of Baroda (BoB) reported its total loan book grew by 8% year-on-year to ₹10.72 lakh crore in the first quarter ended June 2024, led by a 21% growth in retail loans. Total deposits increased 9% year-on-year to ₹13.06 lakh crore.
Domestic advances growth of 8.51% was faster than the 5% growth recorded in domestic deposits, the bank said in its pre-results update.
Separately, private sector IndusInd Bank said its net advances increased 16% to ₹3.48 lakh crore at the end of June 2024, slightly faster than the 15% growth seen in deposits to ₹3.98 lakh crore at the end of June 2024.
The bank's CASA ratio fell to 36.7% at the end of June 2024 from 39.9% a year ago, disclosures made by the bank showed. Retail deposits and deposits from small business customers amounted to ₹1.74 lakh crore as of June 2024, up from ₹1.69 lakh crore in March 2024, the bank said.
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