Bank of Baroda Financial Performance FY23
Overseas Subsidiaries and JVs performance
B
बैंक ऑफ़ बड़ौदा
Bank of Baroda
विजया
VIJAYA
मैना
DENA
Bank of Baroda (Uganda) Ltd.
(Subsidiary Holding - 80%)
Total Deposits of Bank of Baroda (Uganda) Ltd.
stood at INR 3,945.6 crore as of FY23
registering a growth of 18.6% YoY.
The net advances grew by 23.4% on a YoY
basis to INR 2,458.2 crore in FY23.
☐ Net profit increased by 39.1% YoY to INR
252.3 crore during FY23 as per IGAAP/INDAS
guidelines applicable in India. However, as per
Uganda Financial Reporting Standards (UFRS)
prevailing in the country, the subsidiary has
booked a profit of INR 260.9 crore.
Bank of Baroda (Kenya) Ltd.
(Subsidiary Holding - 86.7%)
Total Deposits of Bank of Baroda (Kenya) Ltd.
stood at INR 10,951.3 crore as of FY23
registering a YoY growth of 11.6%.
The net advances grew by 13.1% on a YoY
basis and stood at INR 4,119.2 crore in FY23.
☐ Net profit decreased by 46.4% YoY to INR
191.4 crore during FY23 majorly due to MTM
losses as per IGAAP / INDAS guidelines
applicable in India. However, as per Kenya
Financial Reporting Standards (KFRS)
prevailing in the country, the subsidiary has
booked a profit of INR 347.5 crore.
Bank of Baroda (UK) Ltd.
(Subsidiary Holding -100%)
Total Deposits of Bank of Baroda (UK) Ltd.
stands at INR 6,391.3 crore as of FY23.
The net advances stands at INR 2,343.9 crore
as on FY23.
☐ Net profit of the subsidiary is INR 31 crore
during FY23 as per IGAAP/ INDAS guidelines
applicable in India. However, as per UK
Financial Reporting Standards (UKFRS)
prevailing in the country, the subsidiary has
booked a profit of INR 52 crore.
The RONW for the FY23 stands at 1.86%.
The RONW for the FY23 stands at 18.37%.
The RONW for the FY23 stands at 9.90%.
The GNPA ratio as of FY23 is at 1.35%.
The GNPA ratio as of FY23 is at 9.37%.
Note: Uganda and Kenya are December ended subsidiaries. As such, figures of 12M are of December 2022 in line with CFS.
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The GNPA ratio as of FY23 is at 0.01%.
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