Mumbai: Bank of Baroda Provisional data up to December 31, 2024 was reported, showing substantial growth in retail lending, which helped the bank post 11.7% year-on-year growth in global business to Rs 25.6 lakh crore. .
The bank’s global advances grew by 11.7 percent to Rs 11.7 lakh crore by December 2024, while global deposits grew by 11.8 percent to around Rs 13.9 lakh crore during the same period.
Domestic deposits grew by 9.2 percent, from Rs 10.7 lakh crore in December 2023 to Rs 11.7 lakh crore in December 2024. Domestic advances increased by 11.8 percent, reaching Rs 9.6 lakh crore in 2023, as against Rs 8.6 lakh crore. saw a significant jump of 19.5 percent, growing. 2 lakh crore in 2023 to Rs 2.4 lakh crore in 2024.
The increase in global reserves, from Rs 12.5 lakh crore in 2023 to Rs 13.9 lakh crore in 2024, represents an increase of 11.8 per cent. Meanwhile, global growth increased from Rs 10.5 lakh crore in 2023 to Rs 11.7 lakh crore in 2024, a growth of 11.7 percent.
The bank has said that these are provisional figures and are subject to audit and review by the statutory central auditor of the bank.