_1628571804.png)
The Bank reported a Net profit at Rs 1,209 crore on the back of a robust 15.8% YOY growth in Net Interest Income (NII) to Rs 7,892 crore. Resultantly, there has been a significant rise in RoA at 0.42% and RoE of 8.63%. Operating profit increases by a robust 41.2% to Rs 5,707 crore. Cost to income ratio fell to 47.45%, a decline of 574 bps over the previous year. Gross NPA position improved to 8.86% from 9.39% in the same period last year. Bank’s capital adequacy ratio (CRAR) increases to 15.4%. Global Net interest margin (NIM) exceeds 3% at 3.04%. Domestic NIM at 3.12%. Bank reoriented its Loan book to high yield segments. Organic retail loans increased by 11.8% YoY. Within retail loans, auto loans increased by 25.0% YoY and personal loans grew by 19.5% YoY. Gold loans increased by 37.7% YoY. The Bank also brought down its Cost of deposits significantly by 103 bps to 3.92%. CASA Deposits increased by 12.7% YoY with the domestic CASA ratio increasing to 43.21% from 39.49% last year, an increase of 372 bps YoY.
Bank of Baroda announced its results for the Quarter ended June 30, 2021, following the approval of its Board of Directors on August 7, 2021.
|
Particulars (INR crore) |
Q1FY21 |
Q4FY21 |
Q1FY22 |
YoY (%) |
|
Interest Income |
18,494 |
16,685 |
17,053 |
-7.79 |
|
Interest Expenses |
11,678 |
9,578 |
9,161 |
-21.55 |
|
Net Interest Income (NII) |
6,816 |
7,107 |
7,892 |
15.79 |
|
Non- Interest Income |
1,818 |
4,848 |
2,970 |
63.37 |
|
Operating Income (NII+ Other Income) |
8,634 |
11,955 |
10,862 |
25.80 |
|
Operating Expenses |
4,593 |
5,689 |
5,154 |
12.21 |
|
Operating Profit |
4,042 |
6,266 |
5,707 |
41.20 |
|
Total Provisions (other than tax) and contingencies |
5,350 |
3,586 |
4,112 |
-23.14 |
|
of which, Provision for NPA |
3,458 |
4,593 |
2,557 |
-26.06 |
|
Profit before Tax |
-1,308 |
2,680 |
1,595 |
|
|
Provision for Tax |
-444 |
3,726 |
387 |
|
|
Net Profit |
-864 |
-1,047 |
1,209 |
|
|
NIM % (Domestic) |
2.59 |
2.73 |
3.12 |
|
Business details
|
Particulars (INR crore) |
Jun 30, 2020 |
Mar 31, 2021 |
Jun 30, 2021 |
YoY (%) |
|
Domestic deposits |
8,13,530 |
8,58,413 |
8,37,803 |
2.98 |
|
Domestic CASA |
3,21,229 |
3,68,027 |
3,62,044 |
12.71 |
|
Global deposits |
9,34,461 |
9,66,996 |
9,31,317 |
-0.34 |
|
Domestic advances |
6,15,038 |
6,41,076 |
6,00,971 |
-2.29 |
|
Of which, retail loan portfolio (ex-portfolio purchase) |
1,07,096 |
1,20,256 |
1,19,729 |
11.80 |
|
Global advances |
7,36,547 |
751,590 |
7,11,487 |
-3.40 |
|
Particulars |
Jun 30, 2020 |
Mar 31, 2021 |
Jun 30, 2021 |
|
CRAR (%) |
12.84 |
14.99 |
15.40 |
|
Tier-1 (%) |
10.33 |
12.67 |
13.06 |
|
CET-1 (%) |
9.08 |
10.94 |
11.25 |
|
Gross NPA (%) |
9.39 |
8.87 |
8.86 |
|
Net NPA (%) |
2.83 |
3.09 |
3.03 |
|
PCR (with TWO) (%) |
83.30 |
81.80 |
83.14 |
|
Particulars |
Q1FY21 |
Q4FY21 |
Q1FY22 |
|
Credit Cost (%) |
1.78 |
2.46 |
1.36
|
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