Bank of Baroda’s Loan Growth & Recovery Target Explained

Bank of Baroda (BoB) is India’s third-largest public sector bank, known for its vast network and diverse financial services.

In Q3 FY2024-25 (December 2024 quarter), BoB reported a net profit of ₹4,837 crore, a 5.6% YoY growth. 🔗 Source: Economic Times

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BoB’s NIM stood at 3.11%, slightly down from 3.27% in the previous quarter. 🔗 Source: Reuters

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BoB aims to double its balance sheet in the next five years, focusing on market share growth and cost efficiency. 🔗 Source: Reuters

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The bank plans to open 500 new branches in the next two years, with a focus on micro markets to boost deposits and lending. 🔗 Source: Reuters

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BoB has set a ₹10,000 crore bad loan recovery target for FY2024-25. 🔗 Source: Reuters

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BoB launched WhatsApp Banking in Marathi, expanding customer accessibility. 🔗 Source: Bank of Baroda

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The bank signed an MoU with Tata Power Renewable Energy Ltd. to finance green energy projects. 🔗 Source: Bank of Baroda

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BoB introduced a video re-KYC facility for resident individual customers, simplifying the KYC process. 🔗 Source: Bank of Baroda

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BoB opened 251 Gold Loan Shops, making secured loans more accessible. 🔗 Source: Bank of Baroda

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BoB launched a “Digital Service Outlet” in Ranchi, boosting digital banking services. 🔗 Source: Bank of Baroda

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BoB introduced ‘Mahila Samman Savings Certificate, 2023’, providing special savings options for women. 🔗 Source: Bank of Baroda

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