MUMBAI: Bank of Baroda reported provisional figures as of Dec 31, 2024, exhibiting a considerable growth in retail lending, which helped the financial institution obtain an 11.7% yr-on-yr enhance in world enterprise to Rs 25.6 lakh crore.
The financial institution’s world advances elevated by 11.7% to Rs 11.7 lakh crore as of December 2024, whereas world deposits grew by 11.8% to round Rs 13.9 lakh crore throughout the identical interval.
Domestic deposits rose by 9.2%, growing from Rs 10.7 lakh crore in Dec 2023 to Rs 11.7 lakh crore in Dec 2024. Domestic advances confirmed an 11.8% growth, reaching Rs 9.6 lakh crore in comparison with Rs 8.6 lakh crore in 2023. Domestic retail advances witnessed a big bounce of 19.5%, rising from Rs 2 lakh crore in 2023 to Rs 2.4 lakh crore in 2024.
The growth in world deposits, from Rs 12.5 lakh crore in 2023 to Rs 13.9 lakh crore in 2024, displays an 11.8% enhance. Meanwhile, world advances rose from Rs 10.5 lakh crore in 2023 to Rs 11.7 lakh crore in 2024, marking an 11.7% rise.
The financial institution has stated that these are provisional figures and are topic to audit and assessment by the financial institution’s statutory central auditoRs.
