Bank of Baroda Financial Performance FY23
Subsidiaries and JVs Performance
IndiaFirst
LIFE INSURANCE
IndiaFirst Life Insurance Co. Ltd.
(Subsidiary Holding - 65%)
IndiaFirst Life recorded YoY growth of 27% in
Individual New Business APE and 23% YoY
Growth on Total New Business APE for FY23
□ AUM as of March 31, 2023 stands at INR 21,683
crore with 15% YoY growth.
IndiaFirst Life improved its FY23 ranking by 1
position to 10th on Individual New Business APE
as compared to FY22 (among private peers)
Market share amongst Private Insurers stands at
2.5% for FY23 (Individual NB APE terms).
Gross premium income stands at INR 6,075 crore
for FY23, a growth of 17% YoY.
☐ Net profit for FY23 stands at INR 76.2 crore.
BOB Financial
- Credit reimagined -
A wholly owned subsidiary of Bank of Baroda
BOB Financial Solutions Limited
(Subsidiary Holding -100%)
Number of Cards (Card base) as of March 31,2023
stood at approx. 19.47 lakhs
Approx. 2.68 lakh new Credit Cards were issued in
Q4FY23
Spends in Q4FY23 grew by 132% compared to
Q4FY22.
Net Profit for FY23 stands at INR 24.6 crore.
Credit rating of A1+.
□ CRAR as of March 31 2023 is at 27.20%.
Baroda
बैंक ऑफ़ बड़ौदा
Bank of Baroda
BNP PARIBAS
MUTUAL FUND
विजया
VIJAYA
Baroda BNP Paribas Asset
Management India Pvt. Ltd.
(Subsidiary Holding - 50.1%)
सेना
DENA
☐ Following the JV, our product range, AUM as well
as share of equity AUM has increased
substantially with touch points over 140 cities
across India.
☐ Overall AAUM for Q4FY23 stands at INR 26,436
crore. This includes the offshore advisory AAUM
of INR 1,929 crore a growth of 3% QoQ.
□ QoQ Equity and MM Average AUM grew by 2%
and 5% respectively. Share of Equity AAUM to
total AAUM increased to 56% in Q4FY23 from
53% in Q1FY23.
☐ Gross Revenue for Q4FY23 is INR 31.55 crore
increasing by 11% on a QoQ basis.
☐ Net Profit for Q4FY23 stands at INR 2.67 crore
including one time amalgamation cost and
goodwill amortization.
Note: APE stands for Annualised Premium Equivalent, where single premium is considered at 10%
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