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Total Traded Value
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Turnover (in lacs)
*All values are in ₹ Cr.
*All values are in ₹ Cr.
*All values are in ₹ Cr.
*All values are in ₹ Cr.
Quarterly | Yearly |
---|---|
Sep 2024 - 31886.92 Cr | Mar 2024 - 141778.703 Cr |
Jun 2024 - 31143.01 Cr | Mar 2023 - 110777.9769 Cr |
Mar 2024 - 31072.17 Cr | Mar 2022 - 87780.1872 Cr |
Dec 2023 - 30041.75 Cr | Mar 2021 - 89001.1769 Cr |
Sep 2023 - 29262.76 Cr | Mar 2020 - 91086.0294 Cr |
Quarterly | Yearly |
---|---|
Sep 2024 - 5455.04 Cr | - Cr |
Jun 2024 - 4580.49 Cr | - Cr |
Mar 2024 - 5015.96 Cr | - Cr |
Dec 2023 - 4748.32 Cr | - Cr |
Sep 2023 - 4343.1 Cr | - Cr |
Company | Market Price | Market Cap | 52W Low | 52W High |
---|---|---|---|---|
367168.66 | 968 | 1339.65 | ||
94117.08 | 75.6 | 128.9 | ||
99577.91 | 38.8 | 83.75 | ||
349956.65 | 1543.85 | 1942 | ||
116457.99 | 72.35 | 142.9 | ||
743153.11 | 555.15 | 912 |
Bank of Baroda (BoB) is one of India's largest public sector banks, known for its extensive international presence and a broad range of financial services. Established in 1908, the bank has played a pivotal role in India's financial vertical, serving millions of customers through its diverse offerings.
Founded on 20th July 1908, by Maharaja Sayajirao Gaekwad III of Baroda (now known as Vadodara), BoB started as a small institution focused on providing banking services to the people of Baroda. Over the years, it expanded nationally and internationally, becoming a premier financial institution.
A significant milestone came in 1969 when BoB was nationalised along with 13 other banks, marking its rise in India's banking sector. In 2019, BoB underwent a merger with Vijaya Bank and Dena Bank, further strengthening its position as one of India's top public sector banks.
BoB operates across a variety of financial services, providing comprehensive banking and non-banking solutions to individuals, corporates, and institutions:
Retail banking BoB offers a broad spectrum of retail banking services, including savings and current accounts, personal loans, home loans, and credit cards. Products such as the Baroda Connect internet banking platform and the M-Connect mobile banking app cater to a digitally savvy clientele.
Corporate banking BoB serves large corporate clients with a suite of customised financial solutions, such as working capital loans, term loans, trade finance, and treasury services. Its expertise in corporate finance has made it a trusted partner for numerous domestic and international businesses.
Agriculture and rural banking BoB has a significant focus on agricultural and rural banking. Through various schemes and services, it helps in the financial inclusion of farmers and rural communities by providing loans for agricultural activities, allied businesses, and rural infrastructure development.
International banking BoB boasts an extensive global presence with branches in over 20 countries, serving the international banking needs of Indian expats and businesses. Its international operations include trade finance, remittance services, and foreign currency exchange.
Wealth management and investment services The bank offers wealth management solutions, including mutual funds, insurance products, and structured investment options. The Baroda Radiance platform delivers personalised investment strategies tailored to high-net-worth individuals.
Revenue and profit
Revenue BoB reported total income of ₹24,17,464 crore as of March 2024, compared to ₹21,73,236 crore as of March 2023, reflecting consistent growth in its revenue streams.
Net profit The bank posted a net profit of ₹17,789 crore in FY24, a 26.1% increase from ₹14,110 crore in FY23, showcasing strong financial performance and operational resilience. Segment Performance
Retail growth Retail loans grew by 20.7% year-on-year (between Mar’23 – Mar’24), with home loans and auto loans being the primary drivers of growth in this segment.
Corporate banking Corporate lending saw an 11.6% increase (between Mar’23 – Mar’24), supported by high demand in the infrastructure sectors. Financial Metrics
NPA management BoB’s gross non-performing assets (NPA) ratio improved to 2.92% in FY24 from 3.79% in FY23, driven by stringent credit assessment and efficient recovery measures.
Dividend income BoB reported a dividend income of ₹238 crore for FY24, marking a 17.1% decline compared to ₹287 crore in FY23. Despite this, the bank showcased strong performance in other revenue-generating segments such as fee-based income and trading gains.
This highlights the bank's diversified income streams and its ability to mitigate reductions in specific areas like dividend income through other profitable operations.
Mergers and acquisitions The 2019 merger with Vijaya Bank and Dena Bank has been a major milestone in the bank's journey. This merger resulted in increased operational efficiency and expanded BoB’s footprint across India, particularly in underserved regions.
Sustainability initiatives BoB remains committed to sustainable development. Through its Green Financing initiative, it supports renewable energy projects and eco-friendly ventures. The bank has also adopted several environmental and social governance (ESG) practices to align with global sustainability standards.
International expansion As of March 2024, BoB has expanded its international presence to 91 overseas branches and offices across 17 countries. This demonstrates the bank’s commitment to serving the banking needs of Indian expats and international businesses.
Subsidiary growth BoB continues to strengthen its subsidiary operations, including Baroda BNP Paribas Asset Management, BarodaSun Technologies, and Nainital Bank. These subsidiaries contribute significantly to the bank's diversified business segments, including asset management and digital solutions.
BOB adheres to the highest standards of corporate governance, ensuring transparency and accountability in all its operations. The bank's robust risk management framework and focus on customer-centric services have earned it several accolades.
Additionally, the bank is a leader in promoting financial literacy and inclusion through various community development programs, particularly in rural India.
Green financing BoB finances renewable energy and sustainable projects, contributing to India's clean energy goals.
Green finance framework In March 2024, BoB implemented a Green Finance Framework to raise Green Deposits and support sustainable activities, with defined criteria for credit channelling and nine eligible sectors for financing.
ESG risk rating BoB’s ESG Risk rating improved from High to Medium Risk as assessed by Sustainalytics, ranking 329th among 1060 peer banks (as of February 2024).
Outlook Overview
Bank of Baroda stands as a robust financial institution with a deep-rooted history dating back to 1908. Its significant domestic and international presence, coupled with a diverse portfolio ranging from retail and corporate banking to rural and international services, positions it as a key player in India's financial vertical.
The bank’s financial performance in FY24 demonstrates consistent growth, driven by strong revenue, improved NPA management, and expansion across segments. With sustainability initiatives, a Green Finance Framework, and enhanced ESG ratings, BOB is committed to sustainable growth while maintaining operational efficiency.
The ongoing focus on technology and digital solutions further enhances customer experience, positioning the bank for future success in a competitive environment. Overall, BoB's strategic initiatives reflect its commitment to innovation and responsible banking.
Bank of Baroda shares are currently priced at 254.56 on NSE and 254.6 on BSE as of 10/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
The past 1-year return of Bank of Baroda [BANKBARODA] share was 29.31. The Bank of Baroda [BANKBARODA] share hit a 1-year low of Rs. 190.65 and a 1-year high of Rs. 299.7.
The market cap of Bank of Baroda is Rs. 131642.2 Cr. as of 10/28/2024 12:00:00 AM.
The PE ratios of Bank of Baroda is 6.87 as of 10/28/2024 12:00:00 AM.
The PB ratios of Bank of Baroda is 1.04 as of 10/28/2024 12:00:00 AM
The Mutual Fund Shareholding was 8.81% at the end of 10/28/2024 12:00:00 AM.
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