Bank of Baroda Q3 Profit Rises, Asset Quality Improves, Loan Growth Exceeds Guidance

• Bank of Baroda reported a 4.5% year-on-year increase in net profit to ₹5,054 crore for Q3.
• Gross non-performing assets (NPA) improved to 2.04% from 2.16% sequentially, while net NPA remained stable at 0.57%.
• The bank's loan book expanded by 14.6% year-on-year to ₹13.43 lakh crore, surpassing the management's guidance of 11-13%.
• Deposits grew 10.3% year-on-year to ₹15.46 lakh crore, and domestic advances increased by 13.54%.
• Priority sector lending exceeded regulatory norms, and the card business showed strong traction with active BOB Cards reaching 30.68 lakh.

Why It Matters: Bank of Baroda delivered a strong Q3 performance with increased profit, improved asset quality, and robust loan growth.