@

Press Release

Bank
. of Baroda announces
. Financial
. -- - Results for the
. Quarter
. & Financial Year ended
st
31 March 2025

Strong and Steady: Bank maintains strong Asset Quality in FY25 performance with
10.1% YoY growth in Net Profit.

Highlights

• Bank's Global Business has crossed a milestone of INR 27 lakh crore as of 3151 March 2025.
• Standalone Net Profit rises to all time high of INR 19,581 crore in FY25, 10.1% growth YoY.
• Net Profit for the consolidated entity crossed milestone of INR 20,000 crore and stands at INR
20,716 crore for FY25.
• The growth in profitability was supported by 14.8% YoY growth in Non-Interest Income to INR
16,647 crore in FY25.
• Operating Profit registered a growth of 4.7% YoY and stands at INR 32,435 crore in FY25.
• Return on Assets (ROA) remains above 1% and stands at 1.16% for FY25.
• Return on Equity (ROE) stands at 16.96% for FY25.
• Global Net Interest Margin (NIM) for FY25 is 3.02% with Domestic NIM at 3.18%.
• Bank continues to maintain strong Asset quality with reduction in GNPA by 66 bps YoY to 2.26%
from 2.92% in FY24. Bank's NNPA also reduced by 10 bps YoYto 0.58% in FY25 as against 0.68%
in FY24. Lowest GNPA and NNPA in past 13 years.
• Slippage ratio reduced by 21 bps YoY to 0.78% for FY25.
• BOB's balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.29% with
TWO & at 74.87% without TWO.
• Credit cost remains below 1% at 0.47% for FY25.
• BOB's Global Advances registered a growth of 12.8% YoY and Domestic advances grew by 13.7%
in FY25 led by robust retail loan book growth.
• Bank's organic Retail Advances grew by 19.4%, driven by strong growth across segments such
as Auto Loan (20.3%), Mortgage Loan (18.9%), Home Loan (17.3%), Education Loan (15.9%).
• Share of Retail, Agri Loans and MSME loans (RAM) in advances improved by 190 bps YoY to
59.6%. RAM portfolio grew by 17.5% in FY25.
• Bank's Board has recommended to declare a dividend of 418%, subject to requisite approvals.

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~ Bank of Baroda
Profitability
❖ Net Profit for FY25 stands at INR 19,581 crore (+10.1% YoY) as against INR 17,789 crore
in FY24.
❖ Net Interest Income for FY25 registered a growth of 2.1 % and stands at INR 45,659 crore.
❖ Non-Interest Income for FY25 stands at INR 16,647 crore up by 14.8% YoY.
❖ Global NIM for FY25 stands at 3.02% with Domestic NIM at 3.18%.
❖ Operating Profit for FY25 increased by 4.7% to INR 32,435 crore.
❖ Cost to Income ratio stands at 47.94% for FY25.
❖ Return on Assets stands at 1.16% for FY25.
❖ Return on Equity stands at 16.96% for FY25

Asset Quality
❖ The Gross NPA of the Bank reduced by 12.6% YoY to INR 27,835 crore in FY25 and Gross
NPA Ratio improved to 2.26% in FY25 from 2.92% in FY24.
❖ The Net NPA Ratio of the Bank stands at 0.58% in FY25 as compared with 0.68% in FY24.
❖ The Provision Coverage Ratio of the Bank stood at 93.29% including TWO and 74.87%
excluding TWO for FY25.
❖ Slippage ratio declined to 0.78% for FY25 as against 0.99% in FY24.
❖ Credit cost stands at 0.47% for FY25.

Capital Adequacy

❖ CRAR of the Bank stands at 17.19%% in Mar'25. Tier-I stood at 14.79% (CET-1 at 13.78%,
AT1 at 1.01%) and Tier-II stood at 2.40% as of Mar'25.
❖ The CRAR and CET-1 of consolidated entity stands at 17.60% and 14.28% respectively
❖ The Liquidity Coverage Ratio (LCR) consolidated stands at 123% (approx.).

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~ Bank of Baroda

Business Performance
❖ Domestic Advances of the Bank increased to INR 10,21, 112 crore, +13.7% YoY.
❖ Global Advances of the Bank increased to INR 12,30,461 crore, +12.8% YoY.
❖ Domestic Deposits increased by 9.3% YoY to INR 12,42,169 crore in Mar'25.

❖ Global Deposits increased by 10.3% YoY to INR 14,72,035 crore.

❖ Domestic CASA deposits registered a growth of 6.4% YoY and stands at INR 4,96,462
crore as of 3151 March 2025.
❖ International Deposits grew by 15.8% on a YoY basis to INR 2,29,866 crore in Mar'25.
❖ Organic Retail Advances grew by 19.4%, led by strong growth across segments such as
Auto Loan (20.3%), Mortgage Loan (18.9%), Home Loan (17.3%), Education Loan
(15.9%) on a YoY basis.
❖ Agriculture loan portfolio grew by 14.2% YoY to INR 1,58,324 crore.
❖ Organic MSME portfolio grew by 14.2% YoY to INR 1,36,377 crore.
❖ Corporate advances registered a growth of 8.6% YoY and stands at INR 4,12,274 crore.

Page 3 of 5
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9J Bank ofBaroda
Financial results for Quarter & Financial Year ended 31st March 2025

Particulars (INR
crore) Q4FY24 Q3FY25 Q4FY25 YoY(%) FY24 FY25 YoY(%)
Interest Income 29,583 30,908 30,642 3.6 1, 12,606 1,21,442 7.8
Interest Expenses 17,791 19,491 19,622 10.3 67,884 75,783 11.6
Net Interest
Income (NII) 11,793 11,417 11,020 -6.6 44,722 45,659 2.1
Non-Interest
Income 4,191 3,769 5,210 24.3 14,495 16,647 14.8
Operating Income 15,984 15,186 16,229 1.5 59,217 62,306 5.2
Operating
Expenses 7,878 7,522 8,097 2.8 28,252 29,871 5.7
Operating Profit 8,106 7,664 8,132 0.3 30,965 32,435 4.7
Total Provisions
(other than tax) 1,302 1,082 1,552 19.2 6,076 5,980 -1.6
and continaencies
of which, Provision
for NPA Bad Debts 1,485 871 1,297 -12. 7 6,471 5,170 -20.1
Written-off
Profit before Tax 6,804 6,582 6,581 -3.3 24,890 26,454 6.3
Provision for Tax 1,918 1,745 1,533 -20. 1 7,101 6,873 -3.2
Net Profit 4,886 4,837 5,048 3.3 17,789 19,581 10.1

Business position

Particulars (INR crore) Mar31 2024 Dec 31 2024 Mar312025 YoY(¾J

Domestic deposits 11,36,692 11,76,323 12,42, 169 9.3
Domestic CASA 4,66,400 4,62,618 4,96,462 6.4
Global deposits 13,35, 136 14,02,911 14,72,035 10.3
Domestic advances 8,98, 116 9,64,869 10,21, 112 13.7
Of which, retail loan portfolio
(Organic) 2, 14,942 2,43,360 2,56,633 19.4
Global advances 10,90,506 11, 73,034 12,30,461 12.8

Key Ratios

Particulars Q4FY24 Q3FY25 Q4FY25

NIM Global% 3.27 2.94 2.86
Return on Assets (%) 1.25 1.15 1.16
CRAR(%) 16.31 15.96 17.19
CET-1 (%) 12.54 12.38 13.78
Gross NPA (%) 2.92 2.43 2.26
Net NPA (%) 0.68 0.59 0.58
PCR (with TWO)(%) 93.30 93.51 93.29
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~ Bank of Baroda
6th
May 2025
Mumbai

About Bank of Baroda

Bank of Baroda ("The Bank") established on July 20, 1908 is an Indian state-owned banking
and financial services organization, headquartered in Vadodara (earlier known as Baroda), in
Gujarat, India. Under the 'Alternative Mechanism' scheme, the Government announced the
amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda which came into effect on
April 1, 2019.
Bank of Baroda is one of India's largest banks with a strong domestic presence spanning
8,424 branches and 10,987 ATMs and Cash Recyclers supported by self-service channels.
The Bank has a significant international presence with a network of 84 overseas offices
spanning 17 countries.

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For media queries, please contact:

Bank of Baroda: Phiroza Choksi I +91 9820363681 I [email protected]
Adfactors PR: Mohsin Vadgama I +91 8484848485 I [email protected]

For further details, please contact:

Mr. Manoj Chayani
Chief Financial Officer
Bank of Baroda
Mumbai
[email protected]

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