Bank of Baroda (BOB) reported a net profit of Rs 2,168 crore in the quarter ended June 2022, a 79.3% jump in Q1FY23. Meanwhile, advances registered a strong YoY growth of 18% in Q1FY23, while Organic retail advances grew by 23.2%, led by growth in high focus areas such as home loan (15.3%), personal loan (147.1%), auto Loan (25.6%), education loan (20.5%).  

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Likewise, domestic CASA ratio of the bank improved by 97 bps YoY to 44.18% and GNPA at 6.26%, saw a reduction of 260 bps YoY. NNPA came at 1.58%, a reduction of 145 bps YoY in Q1FY23. 

Provision coverage ratio (PCR) stood at 75.94% w/o TWO, while net Interest Margins remained stable at 3.02% in Q1FY23. 

Healthy Capital base - CRAR improved to 15.46% in Jun'22 from 15.40% in Jun'21