Bank of Baroda shares jump 4% on reporting 11.6% YoY jump in advances in Q2FY25

Shares of state-run lender Bank of Baroda (BoB) surged 4% to a day’s high of Rs 255.35 on BSE after reporting an 11.6% YoY growth in global advances to Rs 11.43 lakh crore and a 9% rise in global deposits to Rs 13.63 lakh crore as of September 30, 2024, 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.

BoB shares ended with a 2% cut at Rs 244.49 on the NSE.

Bank of Baroda had reported a 10% increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period.

BoB has been a market laggard delivering 12% returns in the last 12 months versus 29% returns given by the headline Nifty index. Stock's returns this year so far have been to the tune of 5% as against 16% returns given by the broader index.

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