MUMBAI: Bank of Baroda reported provisional figures as of December 31, 2024, showing substantial growth in retail lending, helping the bank achieve an 11.7% year-on-year rise in global business to Rs 25.6 lakh crore.
The bank’s global advances rose 11.7% to Rs 11.7 lakh crore in December 2024, while global deposits grew 11.8% to around Rs 13.9 lakh crore during the same period.
Domestic deposits increased by 9.2%, rising from Rs 10.7 lakh crore in December 2023 to Rs 11.7 lakh crore in December 2024. Domestic advances showed a growth of 11.8%, reaching Rs 9, 6 lakh crore compared to Rs 8.6 lakh crore in 2023. Domestic retail advances witnessed a significant jump of 19.5%, rising from Rs 2 lakh crore in 2023 to Rs 2.4 lakh crore in 2024.
The growth in global deposits, from Rs 12.5 lakh crore in 2023 to Rs 13.9 lakh crore in 2024, reflects an increase of 11.8%. Meanwhile, global advances increased from Rs 10.5 lakh crore in 2023 to Rs 11.7 lakh crore in 2024, an increase of 11.7%.
The bank has said these are provisional figures and are subject to audit and review by the bank’s statutory central auditors.