Operating Performance Q3 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)
stood at INR 3,814 crore as of 9MFY23
registering a growth of 18.67% YoY.
The net advances grew by 23.26% on a YoY
basis to INR 2,345 crore in 9MFY23.
Bank of Baroda (Kenya) Ltd.
(Subsidiary Holding - 86.7%)
Total Deposits of Bank of Baroda (Kenya) stood
at INR 10,144 crore as of 9MFY23 registering a
YoY growth of 4.85%.
The net advances grew by 9% on a YoY basis
and stood at INR 3,897 crore in 9MFY23.
Bank of Baroda (UK) Ltd.
(Subsidiary Holding -100%)
Total Deposits of Bank of Baroda (UK) stands
at INR 6,364 crore as of 9MFY23.
The net advances stands at INR 2,364 crore as
on 9MFY23 i.e. negative YoY growth of
13.63%.
☐ Net profit increased by 13.49% YoY to INR
170.33 crore during 9MFY23 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 188 crore.
The RONW for the period 9MFY23 stands at
18.07%.
☐ Net profit decreased by 39.40% YoY to INR
143.07 crore during 9MFY23 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 244 crore.
The RONW for 9MFY23 stands at 10.04%.
☐ NIL NPAs.
The GNPA ratio as of 9MFY23 is at 0.47%.
Note: Uganda and Kenya are December ended subsidiaries. As such, figures of 9M are of September 2022 in line with CFS.
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