In-line adjusted earnings; RoA outlook remains healthy

Company
13 May 2024
5 Min read 
  • Bank of Baroda's 4QFY24 PAT is INR48.9b, up 2% YoY.
  •  NIMs improved 17bp QoQ, supported by recoveries.
  •  Provisioning expenses were high due to aviation exposure.
  •  Loans grew 13% YoY, deposits increased 10% YoY.
  •  CD ratio moderated to 80.3%, LCR decreased to 121%.
  •  Bank expects 12%-14% growth in total advances in FY25.
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