Bank of Baroda
Bank of Baroda reported global business of ₹30,78,854 crore, rising 13.93% YoY and 6.47% QoQ. Global deposits grew 12% YoY and 6.58% QoQ, while domestic deposits increased 12.83% YoY and 7.22% sequentially.
Global advances were up 16.23% YoY and 6.34% QoQ, with domestic advances growing 14.56% YoY and 6.68% QoQ.
PNB
Punjab National Bank posted global business of ₹29,72,896 crore, up 10.79% YoY and 2.81% QoQ. Global deposits rose 9.25% YoY and 3.08% QoQ, while domestic deposits increased 9.14% YoY and 3.26% sequentially.
The lender’s global advances grew 12.97% YoY and 2.45% QoQ, with domestic advances up 12.17% YoY and 2.49% QoQ. Its credit-deposit ratio stood at 73.70%, compared to 74.16% in the previous quarter.
Union Bank of India reported a 5.79% YoY and 6.52% QoQ rise in total global business. Global deposits grew 2.72% YoY and 6.87% QoQ, while advances increased 9.76% YoY and 6.09% sequentially.
Its domestic deposits rose 2.72% YoY and 6.88% QoQ, and domestic advances were up 10.06% YoY and 6.16% QoQ. CASA deposits grew 7.90% YoY and 10.82% QoQ to ₹4.60 lakh crore.
Bank of Maharashtra
Bank of Maharashtra also came out with its business update for the March quarter on Monday, April 6, where its total deposits grew by 14% year-on-year to ₹3.5 lakh crore, while total business was up by 18% from the year-ago period to ₹6.42 lakh crore.
Global advances grew by 22% from last year to ₹2.92 lakh crore, wherein RAM advances were up 21%, and Corporate Advances (domestic) grew by 17%.
Domestic CD ratio though, rose to 82% from 78% last year.
ALSO READ | Why the Nifty Bank will be the index to watch today
PSU Banks have sold off sharply in March as the US-Iran war has triggered a rise in bond yields globally. India’s own 10-year bond yield crossed the mark of 7% recently. You can read more on why this is negative for PSU Banks right here.
On Thursday, shares of Bank of Baroda ended 0.81% lower at ₹250, Punjab National Bank rose 0.38% to ₹104.40, and Union Bank of India gained 0.61% to ₹172.68.
