Bank of Baroda
About
Bank of Baroda (BoB) was founded in 1908 by Sayajirao Gaekwad III, the then Maharaja of Baroda. Though it is headquartered in Vadodara, its corporate headquarter is in Mumbai and it was the first Indian bank to have mobile branches. Debadatta Chand is the Managing Director and Chief Executive Officer of the bank, overseeing more than 8000 domestic branches across urban, semi-urban, and rural areas. Additionally, it has 84 branches overseas that provide services like retail banking, loans, insurance, corporate banking, mutual funds, and more. BoB’s services are primarily applied to personal, business, and agricultural sectors. The bank was part of the first tripartite bank amalgamation in India when it merged with Dena Bank and Vijaya Bank in 2019.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 141779 28.0% | 110778 26.2% | 87780 -1.4% | 89001 -2.3% | 91086 49.8% | 60793 12.5% | 54049 3.1% | 52410 1.2% | 51791 2.8% | 50364 9.4% | 46018 12.4% | 40953 18.4% | 34589 34.1% | 25800 27.7% | 20200 9.4% | 18461 - |
| Net Operating Income (INR Cr) | 118379 25.27% | 94503 28.78% | 73385 -1.25% | 74314 -5.81% | 78895 49.12% | 52906 14.87% | 46056 3.56% | 44473 -2.89% | 45799 1.97% | 44915 11.00% | 40463 11.03% | 36442 19.53% | 30488 35.42% | 22513 30.63% | 17235 10.85% | 15548 - |
| Profit (INR Cr) | 18767 25.9% | 14905 89.9% | 7850 407.2% | 1548 66.8% | 928 -15.7% | 1100 - | -1887 - | 1815 - | -5068 - | 3912 -21.8% | 5001 4.1% | 4804 -8.5% | 5249 18.4% | 4434 39.5% | 3179 33.4% | 2384 - |
| Assets (INR Cr) | 1658278 8.4% | 1529216 13.9% | 1343104 11.4% | 1205398 0.1% | 1203871 46.3% | 822810 9.6% | 750900 4.4% | 719221 3.8% | 692881 -5.7% | 735006 8.6% | 676608 21.0% | 559388 22.3% | 457412 24.9% | 366214 28.8% | 284277 22.8% | 231577 - |
| Net Worth (INR Cr) | 119712 14.0% | 105055 14.4% | 91868 11.5% | 82390 8.3% | 76104 38.4% | 54996 18.1% | 46566 8.1% | 43068 1.3% | 42503 3.6% | 41009 11.5% | 36780 14.4% | 32164 12.8% | 28516 30.7% | 21827 38.9% | 15715 17.9% | 13325 17.3% |
| Employee Cost (INR Cr) | 16967 18.3% | 14347 13.5% | 12644 5.4% | 11993 19.1% | 10074 85.4% | 5434 10.9% | 4902 0.3% | 4889 -6.0% | 5201 16.2% | 4477 3.3% | 4335 19.9% | 3616 16.0% | 3117 3.3% | 3018 24.4% | 2426 0.7% | 2409 - |
| Interest Cost (INR Cr) | 69899 | 49942 | 38815 | 43201 | 50040 | 32506 | 29160 | 29596 | 32107 | 30547 | 27604 | 24486 | 19724 | 13350 | 11023 | 10167 |
| Cash & Bank Balance (INR Cr) | 100290 | 102373 | 130229 | 128661 | 131005 | 97885 | 97423 | 154115 | 136999 | 151631 | 134356 | 87702 | 65810 | 51424 | 36569 | 25203 |
| Total Debt (INR Cr) | 1453761 | 1342592 | 1185331 | 1067173 | 1068981 | 734456 | 672311 | 648499 | 620536 | 665483 | 616973 | 509192 | 416214 | 333982 | 259355 | 209385 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 13.2% | 13.5% | 8.9% | 1.7% | 1.0% | 1.8% | - | 3.5% | - | 7.8% | 10.9% | 11.7% | 15.2% | 17.2% | 15.7% | 12.9% |
| Profit As % Of Assets | 1.1% | 1.0% | 0.6% | 0.1% | 0.1% | 0.1% | - | 0.3% | - | 0.5% | 0.7% | 0.9% | 1.2% | 1.2% | 1.1% | 1.0% |
| Profit As % Of Networth | 15.7% | 14.2% | 8.5% | 1.9% | 1.2% | 2.0% | - | 4.2% | - | 9.5% | 13.6% | 14.9% | 18.4% | 20.3% | 20.2% | 17.9% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 16.4% | 14.9% | 8.4% | 1.6% | 1.3% | 2.1% | - | 4.2% | - | 9.9% | 14.3% | 15.6% | 20.7% | 23.5% | 21.6% | 19.3% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |