Stock to watch: Bank of Baroda shares in focus as state-run lender reports 11.6% YoY jump in advances in Q2FY25
Bank of Baroda (BoB) are expected to remain in focus when markets resume trading on Friday as the state lender reported an 11.60% year-on-year growth in its global advances at Rs 11.43 lakh as on September 30, 2024, while global deposits of the state-run lender shot-up by over 9% to Rs 13.63 lakh crore, the company stated on Thursday as part of its quarterly update.
Lender's global business grew by 10.23% YoY to Rs 25.06 lakh crore, the company filing said.
These are provisional numbers and the bank will announce the final earnings when it announces its July-September quarter results, later.
The domestic advances were up 12.51% YoY in the reported quarter at Rs 9.39 lakh crore versus Rs 8.34 lakh crore as on September 30, 2023. Domestic deposits grew at 7.14% YoY to Rs 11.50 lakh crore versus Rs 10.74 lakh crore in the year ago period.
Domestic retail advances were up by 20% to Rs 2.32 lakh crore as on September 30, 2024 as against Rs 1.93 lakh crore at the end of September 2023.
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