Bank of Baroda's domestic advances grew by 12.51% year-on-year (YoY) to ₹9.39 lakh crore for the quarter ending September 30, 2024. Domestic deposits saw a 7.14% YoY increase, rising to ₹11.50 lakh crore from ₹10.74 lakh crore.

The bank's domestic retail advances surged 20% YoY to ₹2.32 lakh crore as of September 30, 2024, up from ₹1.93 lakh crore in September 2023.

On the global front, Bank of Baroda’s

advances increased by 11.6% YoY to ₹11.43 lakh crore. The bank’s global deposits grew by over 9%, reaching ₹13.63 lakh crore during the same period

Overall, BoB’s global business, combining both advances and deposits, expanded by 10.23% YoY, totaling ₹25.06 lakh crore by the end of September 2024, the bank said in a regulatory filing.

Bank of Baroda further said it has accepted an offer from Bank Dhofar to acquire its banking business in Oman. While the date for the agreement and expected completion of the sale are yet to be determined, the move marks a key strategic decision for the bank’s international operations.

Details regarding the financial consideration from the sale are also yet to be disclosed.

Last month, thebank raised ₹5,000 crore

by issuing 10-year infrastructure bonds.