Bank of Baroda Reports Strong Growth in Advances and Deposits, Stock Price Climbs
Bank of Baroda's recent business update reveals significant growth in advances and deposits, leading to a positive stock price performance. The bank's global business saw strong expansion, reflecting investor trust in its financial stability.
Bank of Baroda shares witnessed an upward trend following the release of its fourth-quarter business update, showcasing robust growth in advances and deposits. The bank reported an 11.44% year-on-year increase in its global business, reaching ₹27.03 trillion as of March 31, 2025.
The strong performance indicates continued credit expansion and customer confidence in the bank's offerings. Global advances rose by 12.88% year-on-year to ₹12.31 trillion, highlighting a surge in credit demand and strategic efforts to expand the lending portfolio.
Domestic advances grew at a faster pace, rising 13.70% year-on-year to ₹10.21 trillion, with domestic retail advances posting an impressive 19.38% year-on-year jump to ₹2.56 trillion.
On the liabilities side, global deposits grew by 10.25% year-on-year, reaching ₹14.72 trillion by the end of March 2025. Domestic deposits also saw significant growth, increasing by 9.28% year-on-year to ₹12.42 trillion.
The positive momentum in Bank of Baroda's stock price suggests renewed investor interest, driven by improving business fundamentals. Disclaimer: The views and recommendations provided are those of individual analysts or broking companies, not of Mint. Investors are advised to consult certified experts before making investment decisions.