Bank of Baroda surges as its total deposits rise 15% in Q4FY23

Bank of Baroda is currently trading at Rs. 171.50, up by 5.30 points or 3.19% from its previous closing of Rs. 166.20 on the BSE.

bank of baroda to raise funds through various ways
Bank of Baroda

The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 173.70 and Rs. 170.75 respectively. So far 607353 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 173.70 and Rs. 165.10 respectively. The current market cap of the company is Rs. 88663.00 crore.

The promoters holding in the company stood at 63.97%, while Institutions and Non-Institutions held 27.92% and 8.11% respectively.

Bank of Baroda’s total deposits grew 15.1% to Rs 12,03,604 crore (Provisional) as of March 31, 2023 (Q4FY23), as compared to Rs 10,45,939 crore as of March 31, 2022 (on a yearly basis). On a quarterly basis, the deposits stood at Rs 11,49,507 crore as of December 2022.

Its Global Gross advances stood at Rs 9,73,703 crore (Provisional) as of March 31, 2023, posting a 19.0% rise in year-on-year (YoY) terms as against Rs 8,18,120 crore as of March 31, 2022 and on quarter-on-quarter (QoQ) basis, Global Gross advances stood at Rs 9,23,878 crore as of December 2022. Domestic advances and Domestic Retail advances stood at Rs 7,99,578 crore and Rs 1,78,223 crore (Provisional) respectively as of March 31, 2023.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

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