The Net NPA Ratio reduced by 9 bps to 0.60%. Slippage ratio stood at 1.16% while credit cost stood at 0.55% for the quarter.
| Photo Credit: AMAN RAJ
Bank of Baroda, the second largest public sector bank, for the first quarter ended June 30, 2025 reported 1.9% growth in net profit at ₹4,541 crore as against ₹4,458 crore in the year ago period.
Net Interest Income for the quarter fell 1.4% to ₹11,435 crore from ₹11,600 crore a year ago.
Global Net Interest Margin (NIM) also dropped to 2.91% from 3.18% a year ago.
Total provisions (other than tax) and contingencies grew 94.6% YoY to ₹1,967 crore from ₹1,011 crore.
During the quarter the bank made provisions for NPA bad debts and written offs to the tune of ₹1,686 crore as compared with ₹1,269 crore a year ago, up 33%.
During the quarter the bank’s Gross NPA reduced by 10.7% Year on Year (YoY) to ₹27,572 crore and Gross NPA Ratio improved to 2.28% from 2.88% in the year ago period.
The Net NPA Ratio also reduced by 9 bps to 0.60%. Slippage ratio stood at 1.16% and credit cost stood at 0.55% for the quarter.
Domestic advances of the bank during the quarter increased to ₹9,91,363 crore, up 12.4% YoY. Global advances increased to ₹12,07,056 crore, up 12.6% YoY.
Domestic deposits increased by 8.1% YoY to ₹12,04,283 crore. Global deposits increased by 9.1% YoY to ₹14,35,634 crore.
The bank’s organic retail advances grew by 17.5%, driven by strong growth across segments such as mortgage loan (18.6%), auto loan (17.9%), home loan (16.5%), education loan (15.4%) and personal loan (19.5%).
Share of retail, agri loans and MSME loans (RAM) in advances improved by 300 bps YoY to 62.7%. RAM portfolio grew by 18% in the quarter.
Published – July 25, 2025 08:13 pm IST