Bank of Baroda announced Q1FY25 results: Bank's Net Profit registers a YoY growth of 9.5% reaching a level of Rs 4,458 crore, driven by lower credit cost. Return on Assets (ROA) remains consistently above 1% for 8 quarters and stands at 1.13% for Q1FY25. BOB has witnessed an improvement in its Asset quality with reduction in GNPA by 63 bps YoY to 2.88% from 3.51 % in Q1FY24. Bank's NNPA reduced by 9 bps YoY to 0.69% in Q1FY25 as against 0.78% in Q1FY24. Strong capital position with CRAR at 16.82% for Q1FY25 Global Net Interest Margin (NIM) stands at 3.18% in Q1FY25. Operating Profit stands at Rs 7,161 crore in Q1FY25. Credit cost remains below 1% at 0.47% for the quarter. BOB's balance sheet remains robust with healthy Provision Coverage Ratio (PCR) of 93.32% with TWO & at 76.58% without TWO. Healthy Liquidity Coverage Ratio (LCR) of approx. 138% as on 30th June 2024. BOB's Global Advances registered a growth of 8.1% YoY in Q1FY25 led by robust retail loan book growth. Bank's organic Retail Advances grew by 20.9%, driven by strong growth across segments such as Auto Loan (25.1 %), Home Loan (14.7%), Personal Loan (39.2%), Mortgage Loan (11%), Education Loan (18.8%). Global Deposits grew by 8.9% YoY to Rs 13,06,994 crore in Q1FY25. Global Business grew by 8.6% YoY and stands at Rs 23,78,675 crore as of 30th June 2024. Result PDF