Bank of Baroda's managing director and chief executive officer Debadatta Chand on May 10 said the lender has 5-6 percent excess securities in the Statutory Liquidity Ratio (SLR) than the mandatory limit.
"We have 5-6 percent excess SLR than the mandatory limit," Chand said during the post-Q4 earnings press conference.
Under the domestic investment, the lender has Rs 3.01 lakh crore as SLR and Rs 56,010 crore in the non-SLR, as per investor presentation.
The lender's domestic investment book comprises of 72.46 percent in Held-To-Maturity (HTM), 27.31 percent in Available for Sale (AFS) and 0.23 percent in Held-For-Trading (HFT).
The percentage of Investments in SLR Securities to NDTL as of March 31, 2024 was at 26.11 percent.
In the reporting quarter, the bank reported Rs 753 crore as treasury income. Of the total amount, Rs 537 crore is from trading gains – profit from sale of
investments, and Rs 234-crore profit on exchange transactions, as per investor presentation.
In Q4FY24, the lender reported a net profit of Rs 4,886 crore for the January-March quarter of the financial year 2023-24, which marks a 2.3 percent jump as compared to a net profit of Rs 4,775 crore clocked in the year-ago period.
The bank's gross non-performing asset (NPA) ratio stood at 2.92 percent, down from 3.79 percent in the corresponding quarter last year. On the other hand, net NPA ratio for the quarter stood at 0.68 percent as compared to 0.89 percent a year ago.
The lender's net interest income for the quarter stood at Rs 11,793 crore from Rs 11,525 crore from last year. The bank saw a compression in its net interest margin which fell to 3.18 percent from 3.31 percent last year.
Total domestic deposits of the bank stood at Rs 11.28 lakh crore, growing 7.7 percent yearly from Rs 10.47 lakh crore. And domestic advances grew by 12/9 percent from Rs 7.95 lakh crore in Q4FY23 to Rs 8.98 lakh crore in Q4FY24.
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