Bank of Baroda announces Financial Results for the Quarter and Year ended 31st March 2022

Bank of Baroda announces Financial Results for the Quarter and Year ended 31st March 2022

Business Performance

  • Global Advances of the Bank increased to INR 8,18,120 crore, +8.9% YoY and 6% QoQ as of Mar’22.
  • Domestic Advances of the Bank increased to INR 6,84,153 crore, +6.7% YoY and 4.6% QoQ as of Mar’22
  • Global Deposits increased by 8.2% YoY to INR 10,45,939 crore. Domestic Deposits increased by 8.0% YoY to INR 9,27,011 crore in Mar’22.
  • Domestic Current Account Deposits stands at INR 68,780 crore, registering a robust growth of 11.6% on a YoY basis.
  • Domestic Savings Bank Deposits grew by 11.4% to INR 3,41,343 crore. Overall Domestic CASA registered a growth of 11.4% on a YoY basis.
  • Organic Retail loan portfolio of the Bank grew by 16.8% led by growth in Personal loan portfolio by 108.1%, Auto loan by 19.5% and Education loan by 16.7% on a YoY basis.
  • Agriculture loan portfolio grew by 10.3% YoY to INR 1,09,796 crore


  • Net Interest Income grew by 21.2% to INR 8,612 crore in Q4FY22 and 13.2% YoY to INR 32,622 crore in FY22.
  • Fee Income for the year grew by 12.6% YoY at INR 6,409 crore and 5.8% YoY for the quarter to INR 1,848 crore.
  • Operating Income for FY22 registered a growth of 5.7% YoY at INR 44,106 crore.
  • Cost of Deposits reduced to 3.53% in Q4FY22 as against 3.71% in Q4FY21.
  • Operating Profit for FY22 stands at INR 22,389 crore registering a growth of 5.6% YoY.
  • Bank reported a standalone Net Profit of INR 1,779 crore in Q4FY22 as against a loss of INR 1,047 crore in
  •  Q4FY21.The Net Profit for FY22 increased to INR 7,272 crore in Mar’22 (777%) from INR 829 crore in FY21.
  • Global NIM increased to 3.08% in Q4FY22 from 2.72% in Q4FY21.
  • Return on Assets (RoA) improved to 0.60% in FY22 from 0.07% in FY21.
  • Return on Equity (RoE) increased sharply by 1016 bps YoY to 11.66%
  • For the consolidated entity, Net Profit stood at INR 7,850 crore in FY22 as against INR 1,548 crore in FY21.

Asset Quality

  • The Gross NPA of the Bank reduced to INR 54,059 crore in Q4FY22 from the level of INR 66,671 crore in Q4FY21 and Gross NPA Ratio improved to 6.61% in Q4FY22 from 8.87% in Q4FY21.
  • The Net NPA Ratio of the Bank improved to 1.72% in Q4FY22 as compared with 3.09% in Q4FY21.
  • The Provision Coverage Ratio of the Bank stood at 88.71% including TWO and 75.28% excluding TWO in Q4FY22.
  • Slippages for the year was contained at 1.61%.
  • Credit cost for the year was at 1.95%, however adjusted for prudential provisioning, pro-forma credit cost was 1.70%.

Capital Adequacy

  • CRAR of the Bank improved to 15.98% in Mar’22 from 14.99% in Mar’21. Tier-I stood at 13.49% (CET-1 at 11.74%, AT1 at 1.75%) and Tier-II stood at 2.49% as of Mar’22.
  • The CRAR and CET-1 of consolidated entity stands at 16.47% and 12.34% respectively

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