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Bank of Baroda Q1 Updates: Domestic Deposits Jump 8%

  • Bank of Baroda's domestic deposits increased by 8.1% year-on-year to Rs 12.04 lakh crore in the quarter.
  • The global business for the quarter rose by 11% to Rs 26.4 lakh crore.
  • The bank's domestic advances grew by 13% to Rs 9.92 lakh crore, with domestic retail advances seeing a 17% increase.
  • Bank of Baroda decreased its marginal cost of funds-based lending rate by 5 basis points post RBI's rate reduction.

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