Bank of Baroda(BoB) Q4 PAT rises 3% YoY

On Tuesday, Bank of Baroda (BoB) said that its standalone net profit for Q4FY25 increased 3.3% year over year (YoY) to Rs 5,048 crore from Rs 4,886 crore during the same period the previous year. For FY2024–2025, the state-run banking has declared a dividend of Rs 8.35 per equity share.

 June 6, 2025, has been set by the BoB as the record date for dividend payments. During the January–March quarter, BoB's interest income increased by 3.6% to Rs 30,642 crore from Rs 29,583.40 crore during the same period last year. 

In the quarter under review, the second-largest PSU bank by market capitalization spent Rs 19,622.39 crore on interest, a 10% increase from Rs 17,790.57 crore in Q4FY24.

The state-run lender reported a 6.6% decline in net interest income (NII) for the March quarter, at Rs 11,020 crore compared to Rs 11,793 crore in the same period last year.

The operating profit saw a marginal uptick of 0.3%, standing at Rs 8,132 crore in Q4FY25, compared to Rs 8,106 crore in the year-ago period.

Bank of Baroda reported a 66-bps decline in its gross non-performing assets (GNPA) to 2.26% in Q4FY25, down from 2.92% in the same quarter last year. Net NPA (NNPA) stood at 0.58% in Q4FY25, down 10 bps from 0.68% in Q4FY24.

Total deposits in the reported quarter stood at Rs 14,72,035 crore, registering a growth of 10.3% over Rs 13,35,136 crore in the corresponding quarter of the previous financial year. Of this, domestic deposits grew 9.3% to Rs 12,42,169 crore, while international deposits rose 16% to Rs 2,29,866 crore at the end of the March quarter.

Segment-wise, in the retail segment, home loans grew 17.3% YoY to Rs 1,31,123 crore, while auto loans rose 20.3% to Rs 46,549 crore.

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RBI imposed Penalty on 4 Major Banks

 

Four major banks, Bank of Baroda, IDBI Bank, Bank of Maharashtra, and ICICI Bank, have recently been hit with financial fines by the Reserve Bank of India (RBI) for noncompliance with key regulatory requirements. Following RBI examinations of the banks' operational and financial operations for the fiscal years 2023 and 2024, these fines were imposed. These fines are intended to improve adherence to banking regulations and guarantee that banks conduct themselves in an open and accountable manner. The RBI underlined, however, that these measures are only connected to regulatory matters and have no bearing on the legality of agreements or transactions between banks and their clients.

Bank of Baroda(BoB)

For failing to observe RBI guidelines regarding customer service and deposit interest rates, Bank of Baroda was fined Rs.61.40 lakh. In violation of the regulations, the bank permitted an insurance company to provide non-cash incentives to its employees. Additionally, some frozen or dormant savings accounts did not get timely interest credits. 

IDBI Bank 

In 2023, these problems were discovered during an RBI examination. Following a personal hearing and an assessment of the bank's response, the RBI chose to issue the penalty after the bank was requested to explain its actions.

For violating the RBI's guidelines under the Interest Subvention Scheme, which offers farmers interest relief on short-term loans made through the Kisan Credit Card (KCC), IDBI Bank was fined Rs.31.80 lakh.

Bank of Maharashtra 

BoM received a fine of Rs.31.80 lakh for failing to fully comply with Know Your Customer (KYC) rules. The bank opened several deposit accounts using Aadhaar-based e-KYC through OTP, in a non-face-to-face manner, but did not meet all the regulatory requirements for such processes. This was identified during the RBI’s evaluation for the financial year ending March 31, 2024. The bank’s explanations and submissions were reviewed, and the penalty was imposed for deficiencies in following the KYC norms.

ICICI Bank 

ICICI Bank faced the highest penalty of Rs.97.80 lakh. The bank failed to report a cyber security incident to the RBI within the required time, did not implement an effective system for alerting suspicious account activity, and also failed to send credit card statements to certain customers—yet charged them late payment fees. These failures were considered serious breaches of customer service and operational transparency. After a detailed inspection and review of the bank’s responses, the RBI imposed the penalty.These penalties are aimed at reinforcing the importance of following regulatory standards. RBI emphasized that these fines are not judgments on the legal validity of customer transactions or contracts, but are strictly based on gaps in compliance. Penalties have been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

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Bank of Baroda(BoB) Office Assistant (Peon) Recruitment 2025 Notification Released

Bank of Baroda(BoB), one of India’s top public sector banks, has announced a recruitment drive to fill 500 Office Assistant (Peon) posts in the Sub-Staff Cadre on a regular basis. Candidates will be posted across various branches and offices nationwide.

The recruitment notification is published under Advertisement Office Assistant (Peon). Interested and eligible candidates can apply online from May 3, 2025, to May 23, 2025 (until 11:59 PM). All detail such as eligibility, age limit, education qualifications are given below.

Bank of Baroda Office Assistant (Peon) Recruitment 2025 Overview

Organization	Bank of Baroda
Post Name	Office Assistant (Peon)
Cadre	Sub-Staff Cadre
Vacancies	500
Job Type Regular Basis Last Date to Apply 23 May 2025 Mode of Application Online
Official Website	www.bankofbaroda.in

Bank of Baroda Office Assistant Recruitment 2025 Important Dates

Important Events	Dates
Commencement of on-line registration of application	03/05/2025
Closure of registration of application	23/05/2025
Closure for editing application details	23/05/2025
Last date for printing your application	07/06/2025
Online Fee Payment	03/05/2025 to 23/05/2025

Bank of Baroda Office Assistant Vacancy 2025 Application Fee

• Rs.600/- + Applicable Taxes + Payment Gateway Charges for General, EWS & OBC candidates
• Rs.100/- + Applicable Taxes + Payment Gateway Charges for SC, ST, PwBD, EXS, DISXS & Women candidates

Bank of Baroda Office Assistant (Peon) Recruitment 2025 Age Limit

• Minimum: 18 years
• Maximum: 26 years
• A candidate must have been born not earlier than 01.05.1999 and not later than 01.05.2007 (both dates inclusive).

Age Relaxation

Category	Age Relaxation
Scheduled Caste / Scheduled Tribe	5 years
Other Backward Classes (Non-Creamy Layer)	3 years
Persons With Benchmark Disabilities (as per The Rights of Persons with Disabilities Act, 2016)	10 years
Ex-Servicemen / Disabled Ex-Servicemen	Actual period of service in defence forces + 3 years (8 years for Disabled Ex-Servicemen from SC/ST), max age 50 years.
Widows, divorced women, and women judicially separated who haven’t remarried	Up to 35 years for General/EWS, 38 years for OBC, and 40 years for SC/ST candidates

Bank of Baroda Office Assistant Recruitment 2025 Education Qualification

1. Passed the 10th Standard (S.S.C./ Matriculation)
2. Proficient in the Local Language of the State/ Union Territories ( i.e. Candidate should be able
   to read, write and speak in the Local Language of the State / Union Territories) for which
   vacancies candidate wish to apply.

Bank of Baroda Office Assistant (Peon) Notification 2025 Vacancy Details

Post Name	Vacancies
Office Assistant (Peon)	500

Bank of Baroda Office Assistant (Peon) Recruitment 2025 Vacancy Notification PDF & Apply Online Form Link

Short Notification PDF	Click Here
Detailed Notification PDF	Click Here
Apply Online	Click Here

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Bank of Baroda(BoB) Recruitment 2025 Notification Released for 146 Vacancies

Bank of Baroda(BoB) released an official notice for the hiring of experts in a number of departments on a fixed-term contractual basis. The goal of this hiring campaign is to fill several openings in various positions. Applications from qualified applicants are accepted online from March 26, 2025, to April 15, 2025. Interviews will follow the shortlisting phase of the selection process.

Bank of Baroda Professionals Recruitment 2025 Overview

Post Name	Various Professional Roles
Vacancies	146
Job Location	All India
Salary/ Pay Scale	Varies by position (Rs.6 LPA – Rs.28 LPA)
Last Date to Apply	15 April 2025

Bank of Baroda Professionals Recruitment 2025 Important Dates

• Apply Online Start Date : 26 March 2025
• Last Date to Apply : 15 April 2025
• Last Date for Fee Payment : 15 April 2025
• Interview Date : To be released

Bank of Baroda Professionals Recruitment 2025 Application Fee

• Gen / OBC / EWS : Rs. 600 /-
• SC / ST / PWD / Women: Rs. 100 /-
• Mode of Payment : Online

Bank of Baroda Professionals Recruitment 2025 Age Limit

• Deputy Defence Banking Advisor: Up to 57 years
• Private Banker: 33 to 50 years
• Group Head: 31 to 45 years
• Territory Head: 27 to 40 years
• Senior Relationship Manager: 24 to 35 years
• Wealth Strategist: 24 to 45 years
• Product Head – Private Banking: 24 to 45 years
• Portfolio Research Analyst: 22 to 35 years

Bank of Baroda Professionals Recruitment 2025 Vacancy Details

Post Name	Vacancies
Deputy Defence Banking Advisor	1
Private Banker	3
Group Head	4
Territory Head	17
Senior Relationship Manager	101
Wealth Strategist	18
Product Head – Private Banking	1
Portfolio Research Analyst	1

Bank of Baroda Professionals Recruitment 2025 Selection Process

The Bank of Baroda Professionals Recruitment 2025 selection process includes the following stages:

• Shortlisting
• Personal Interview
• Documents Verification
• Medical Test

Bank of Baroda Professionals Recruitment 2025 Notification & Apply Online 

Click Here for Notification 

Click Here to Apply Online

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Bank of Baroda(BoB) Q3 Net profit rises 6%, NII up 3%

A net profit of Rs 4,837 crore was announced by Bank of Baroda on Thursday for the third quarter that concluded on December 31, 2024. Compared to Rs 4,579 crore in the October-December quarter of the prior year, the consolidated profit increased by 5.6%. 

According to a regulatory statement by Bank of Baroda, the bank's overall revenue climbed from Rs 31,416 crore in the previous fiscal year to Rs 34,676 crore in the third quarter of the current one.

Also Read - Quarterly Financial Results of Public & Private sector banks for Q3FY25

 According to Bank of Baroda, interest income increased to Rs 30,908 crore during the quarter from Rs 28,605 crore during the same period in the previous fiscal year. In the same quarter, the bank's Net Interest Income (NII) increased by 2.8% to Rs 11,417 crore from Rs 11,101 crore.

By the end of December 2023, the gross non-performing asset (NPA) had decreased to 2.43 percent from 3.08 percent. In a same vein, the net non-performing asset (NPA) decreased from 0.70 percent at the end of 2023 to 0.59 percent.

 However, compared to the same quarter of the previous fiscal year, when provisions and contingencies were Rs 666 crore, they increased to Rs 1,082 crore during the third quarter of FY25.

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Top 10 Mobile Banking Applications in India

Over the past few decades, technology has advanced significantly. From computers to laptops and iPads, software to applications, and mobile phones to Android devices, the digital age is pervasive. These days, many people use mobile banking apps. When conducting online transactions, a mobile banking app provides convenience, speed, and flexibility.

Nowadays, a large number of Indians are uncomfortable using traditional banking. They have therefore embraced mobile banking. Because of this, practically all private sector and PSU banks offer mobile banking apps for online transactions. This lessens the need for a laptop or desktop computer, and most importantly, it eliminates the need for you to physically visit the bank in order to complete any banking task.

 

1. Kotak-811 & Mobile Banking App

Kotak-811 - A app from Kotak Mahindra Bank offers a zero-balance savings account with an internationally enabled virtual debit card. It features a slick digital banking app UI. It is the first app in India to offer WhatsApp banking. You may now bank on a familiar platform using this app.

Features

* View account details and transaction details, and download e-statements.

* Send and receive money for instant transfers using IMPS, NEFT, and UPI.

* Manage your zero-balance savings account with an internationally enabled virtual debit card for online payments.

* Connect your bank account with WhatsApp and initiate banking transactions through a chat interface.

Pros

User-friendly interface with innovative features, ero-balance savings account with virtual debit card,WhatsApp banking for convenient banking on a familiar platform

Cons

Limited investment options compared to dedicated investment apps, Occasional app crashes reported by some users, Might be overwhelming for users who only need basic functionalities

2. HDFC Bank Mobile Banking App

The HDFC Bank app from one of India’s largest banks, allows you to manage your finances conveniently. You can check account summaries, make payments, transfer funds, and pay utility bills all within the HDFC net banking app.

Features

* Send and receive money using IMPS, NEFT, and UPI through the HDFC bank mobile banking app.

* Schedule and pay various bills, including utilities and credit cards.

* Personalize your app dashboard to display the features you use most frequently.

* Access a streamlined version of the HDFC app download for users with slower internet connections.

Pros

User-friendly interface with customizable features, Reliable and secure platform from a major bank, Lite version available for users with slower internet

Cons

Limited investment options compared to dedicated investment apps, Some users report occasional app crashes, May not offer the most advanced features compared to some other apps

3. YONO SBI 

YONO SBI- App of State Bank of India, Previously known as SBI Anywhere Personal, YONO SBI offers a user-friendly and secure platform for SBI account holders. It supports multiple languages and allows click-based and voice-assisted transactions for a convenient banking experience.

Features

* Use YONO app to send and receive money using IMPS, NEFT, and UPI.

* Schedule and pay various bills, including utilities and credit cards.

* Access the SBI mobile banking app in multiple regional languages for broader accessibility.

* Perform banking transactions using voice commands for added convenience.

Pros

Voice-assisted transactions, All-in-one Platform (investments, shopping, travel booking), Cardless Cash Withdrawal

Cons

Might be overwhelming for users who only need basic functionalities., Customer service responsiveness might vary.,Limited investment options compared to dedicated investment apps.

4. Axis Mobile App

Renowned for its stability, Axis Mobile offers a comprehensive suite of banking services.

Features

* Use the Axis Bank app to schedule automatic payments for various bills, including utilities and credit cards.

* Track your mutual fund investments within the Axis mobile app.

* Set spending limits, turn contactless payments on/off, and temporarily block your card if misplaced.

Pros

Stable and reliable performance, Wide range of features for managing finances, Auto-pay functionality for bills, Debit card control options

Cons

Occasional app crashes reported by some users, Limited investment options compared to dedicated investment apps

5. IDBI Bank GO Mobile+ App

Designed for a smooth banking experience, IDBI GO Mobile+ offers a user-friendly interface and various services. You can check account statements, make payments, recharge prepaid mobiles, and pay utility bills.

Features

* Choose seasonal themes or customize your login screen on the IDBI bank app.

* Secure your login with a selfie picture.

* Use IDBI app to view holdings and transactions directly within the app.

Pros

Simple and easy-to-use interface,Supports regional languages,Covers essential banking needs,Mobile recharge functionality

Cons

Limited investment and advanced features,Customer service responsiveness might vary

6. BOB World

Developed by the Bank of Baroda, BOB World is an app known for its user-friendliness.

Features

* Withdraw cash at BOB ATMs using a one-time MPIN generated within the Bank of Baroda app.

* Generate QR codes on BOB mobile banking app for easy bill payments at merchant locations.

* Store and manage digital receipts for your transactions within the app.

Pros

Convenient bill payments & organized receipts, Simplified cash deposits, Security features (2FA, biometrics, data encryption)

Cons

Relies on QR reader compatibility & increases app storage use, Limited branch availability for cash deposit requests, Responsiveness of customer service

7. ICICI Bank iMobile Pay App

A highly rated app by ICICI Bank, iMobile Pay offers a comprehensive suite of banking services.

Features

* Open fixed deposits (FDs), invest in recurring deposits (RDs) and manage existing investments.

* Access and manage your ICICI Bank life insurance policies on the ICICI Bank mobile app.

* Get quick access to personal loans against your credit card on the imobile app.

Pros

The ICICI bank app features a streamlined layout for effortless navigation, Customize your dashboard for quick access to frequently used features, Clear menus and categorized services

Cons

The app may experience occasional technical glitches or crashes, Some users report slower processing times for transactions, The app might require frequent updates to ensure smooth performance

8. Canara Bank ai1 Mobile Banking App

Designed with the goal of “One Bank, One App,” Canara Bank’s ai1 app offers a variety of banking services.

Features

* Use Canara bank app to pay instantly at stores with a tap using your phone (RTGS/NEFT enabled).

* Start fixed or recurring deposits or invest in mutual funds all within the Canara bank mobile app.

* Set up recurring payments for your bills and savings goals.

Pros

Book flights, hotels, buses, and cabs directly through the app, Check your credit score and pay bills seamlessly through Bharat Bill Payment,Access insurance, Demat services, and IPO applications

Cons

Occasional problems might occur with UPI transactions, Features might be limited for users who don’t have a Canara Bank account, The app might experience occasional slowdowns or technical glitches.

9. Bank of India BOI Mobile App

BOI Mobile boasts a secure and comprehensive banking experience for Bank of India account holders.

Features

* View balances and statements and manage all accounts on the Bank of India app.

* Transfer funds quickly with IMPS, NEFT, and RTGS, and utilize the “Favourite” feature on the Boi mobile app.

* Locate ATMs, manage cheques, and access various banking services.

Pros

Efficient navigation for transfers and management, User-friendly interface with easy account access, Streamlined process for adding “Favourites.”

Cons

Interface might be challenging for new users to navigate, Lacks advanced features compared to some competitors, Occasional transaction delays and app crashes reported.

10. Punjab National Bank PNB ONE App

PNB ONE is the official mobile banking app from Punjab National Bank.

Features

* Gain quick access to all your accounts through an interactive interface by downloading the PNB One app.

* Invest in term deposits and mutual funds, all within the PNB One app.

* Track cheque status, request stop payments, and manage cheques conveniently.

Pros

Access value-added services like PAN/Aadhaar registration, Manage existing credit/debit cards, Enjoy the app in English, Hindi, and other languages.

Cons

 Features might be limited for non-PNB customers, May be complex for new users to navigate, App crashes and slow processing times reported.

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Bank of Baroda(BoB) Q2 result: Profit jumps 23%; NII grows 7.3% YoY

On October 25, PSU lender Bank of Baroda Ltd. announced a 23% increase in net profit for the quarter that ended on September 30, 2024, totaling Rs 5,238 crore. In the previous year, it declared a net profit of Rs 4,253 crore. 

In Q2FY25, the lender's overall income increased by 11% to Rs 35,445 crore from Rs 32,033 crore in Q2FY24. In Q2FY25, the lender's net interest income increased by 7% to Rs 11,622 crore from Rs 10,831 crore in the same time last year. 

The bank's non-interest revenue increased by 24.2 percent year over year to Rs 5,181 crore during the reporting quarter, from Rs 4,171 crore during the same time last year..

Global deposits of the jumped 9.1 percent in the second quarter of the current financial year to Rs 13.64 lakh crore. In the similar quarter last year, global deposits stood at 12.5 lakh crore.

Of the global deposit, domestic deposits which have a highest share increased by 7.1 percent on-year to Rs 11.51 lakh crore, from Rs 10.74 lakh crore. Whereas, international deposits jumped sharply by 21.2 percent on-year to Rs  2.12 lakh crore.

The domestic cost of deposits of the bank have increased in the reporting quarter to 5.16 percent, as compared to 5.13 percent in a quarter ago period, and 4.99 percent in a year ago period.

International cost of deposits have also seen a sharp increase on a yearly as well as on domestic basis. International cost of deposits stood at 4.84 percent in July-September quarter, as compared to 4.66 percent in a quarter ago period and 4.45 percent in a year ago period.

Global advances of the bank increased 11.6 percent to Rs 11.43 lakh crore in the second quarter of the current financial year.

Retail advances (organic) grew 19.9 percent on-year to Rs 2.32 lakh crore in July-September quarter, from Rs 1.94 lakh crore. Domestic gross advances rose 12.5 percent on-year to Rs 9.39 crore in Q2FY25.

International Advances of the lender increased by 7.6 percent on-year to Rs 2.04 lakh crore.

Yield on advances on global advances have seen a moderation on a quarterly basis to 8.48 percent in July-September quarter, from 8.55 percent in April-June quarter. However, it has increased on a yearly basis.

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Bank of Baroda(BoB) Q1 Net profit rises 9.5%

Public Sector lender Bank of Baroda(BoB) on July 31 reported 9.5 percent rise in standalone net profit at Rs 4,458 crore for the quarter ended June 30, 2024. It reported standalone net profit of Rs 4,070 crore in the year-ago period.

On sequential basis, the bank's net profit fell 9 percent.

Gross non-performing assets (NPA) ratio stood at 2.88 percent as on June 30, as compared to 2.92 percent on March 31, 2024 and 3.51 percent on June 30, 2023.

Net NPA ratio stood at 0.69 percent as on June 30, as against 0.68 percent on March 31, 2024 and 0.78 percent on June 30, 2023.

In absolute terms, Gross NPA of the bank eased to Rs 30,873.14 crore as on June 30, as compared to Rs 31,833.63 crore as on March 31, and Rs 34,832.16 crore as on June 30, 2023.

Similarly, net NPA of the bank fell to Rs 7,231.53 crore as on June 30, as against Rs 7,213.34 crore as on March 31, and Rs 7,482.45 crore as on June 30, 2023.

The Provision Coverage Ratio of the Bank stood at 93.32 percent including TWO (Technical Write-off) and 76.58 percent excluding TWO in Q1 FY25, as per release.

Slippage ratio sequentially declined by 7 basis points (bps) to 1 .05 percent for Q1FY25 as against 1 .12 percent in Q4FY24.

In the reporting quarter, fresh slippages of the bank stood at Rs 2,787 crore. Majority of the slippages has came from MSME segment worth Rs 1,206 crore, which was followed by Rs 842 crore from retail and Rs 644 crore from agriculture.

Net Interest Income (NII) grew by 5.5 percent on-year to Rs 11,600 crore in Q1FY25. Non-Interest Income for the quarter stands at Rs 2,487 crore for Q1 FY25.

Global NIM stands at 3.18 percent in Q1 FY25. Domestic NIM of the bank stood at 3.30 percent and international NIMs at 2.23 percent in the first quarter of the current financial year.

In April-June quarter, global deposits of the bank grew to Rs 13.07 lakh crore, from around Rs 12 lakh crore in a year ago period. Global deposits were up 8.9 percent.

Domestic deposit rose 5.3 percent on-year to Rs 11.1 lakh crore, and international deposit jumped 34.7 percent on-year to Rs 2.02 lakh crore.

Global advances of the bank in April-June quarter jumped 8.1 percent on-year to Rs 10.72 lakh crore. In a year ago period, global advances stood at Rs 9.91 lakh crore.

In the global advances, retail advances grew 20.9 percent on-year to Rs 2.23 lakh crore.

Domestic CASA deposits registered a growth of 6 percent on-year and stands at Rs 4.49 lakh crore as of June 30, as per press release.

CRAR of the Bank stands at 16.82 percent in June quarter. Tier-I stood at 14.65 percent (CET-1 at 13.08 percent, AT1 at 1.57 percent) and Tier-II stood at 2.17 percent as of June quarter.

The CRAR and CET-1 of consolidated entity stands at 17.20 percent and 13.57 percent, respectively. Liquidity Coverage Ratio (LCR) of approximately 138 percent as on June 30.

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