Bank Of Baroda Q4 Results: NII Up 2.3%, Asset Quality Improves; Dividend `7.6/Sh

Bank Of Baroda reported a standalone Net Profit of INR 4,886 crore in Q4FY24 as against a profit of INR 4,775 crore in Q4FY23. Net Profit for FY24 stands at INR 17,789 crore (+26.1% YoY) as against INR 14,110 crore in FY23. Net Interest Income (NII) grew by 2.3% YoY to INR 11,793 crore in Q4FY24. NII for FY24 registered a growth of 8.1% and stands at INR 44,722 crore. The Gross NPA of the Bank reduced by 13.4% YoY to INR 31,834 crore in Q4FY24 and Gross NPA Ratio improved to 2.92% in Q4FY24 from 3.79% in Q4FY23. The Net NPA Ratio of the Bank stands at 0.68% in Q4FY24 as compared with 0.89% in Q4FY23. Global Advances of the Bank increased to INR 10,90,506 crore, +12.5% YoY. Domestic Advances of the Bank increased to INR 8,98,116 crore, +12.9% YoY. Domestic CASA deposits registered a growth of 5.4% YoY and Stands at INR 4,66,401 crore as of 31st March 2024. International Deposits grew by 27% on a YoY basis to INR 1,98,444 crore in Mar 2024. Agriculture loan portfolio grew by 11.6% YoY to INR 1,38,640 crore. Total Gold loan portfolio (including retail and agri.) stands at INR 47,472 crore, registering a growth of 24.1% on a YoY basis. Organic MSME portfolio grew by 10.4% YoY to INR 1,19,415 crore. Watch Exclusive Chat With Debadatta Chand, MD & CEO, Bank of Baroda.