Bank of Baroda के Q1 Results और आगे के ग्रोथ प्लान पर MD & CEO Debadatta Chand का आउटलुक

Thank you for inviting me. Regarding the bank's financial performance for the June quarter, our advances growth was 12.6%, which I consider a very strong performance. At the same time, domestic deposits grew by 8.1% and globally by 9%. In this scenario, I think our performance on both asset and liability sides is quite strong. One thing I want to mention is that corporate loan growth is a bit muted at 4.2%. I believe this is similar to other banks' outcomes where corporate growth has been lower. There could be two reasons for our corporate growth. One is a seasonal factor because if you look at June 24 growth, it was 2.5%. Secondly, strong corporates are also raising money from the bond market, so their dependence on bank loans is lower. That's why corporate loan growth is lower. But if I estimate for the full year, like last year, we are capable of growing 9-10% in corporate. So overall our loan side growth is quite good. On the deposit side, we have focused on CASA and retail term deposits, and we have done well there. So I think this is a good financial performance from our side. The bank's performance is robust, strong, resilient, stable, and consistent. Because this performance is not just for one quarter; if you look at the last many quarters, our performance has been consistent. And whatever the market develops, we will think accordingly and work on how to construct the bank's book.

You are right. Our normal run rate for slippages quarter to quarter is roughly around 2,800 to 900 crore. If you look at the average over many quarters, it's the same number. This quarter it is 3,500 crore, and precisely as you mentioned, the international account with a rupee equivalent of roughly 512 crore has slipped. This account was a restructured account during COVID times and later upgraded, but there was some incipient sickness in the account. In the international territory, this account is under a CNC program for resolution, and we will know the outcome in 210 days. But this account is secured, fully secured, and we have already provided 40% as of today in June. However, as far as recovery is concerned, we expect to recover fully. So I don't see any major impact from this account. The program will conclude in 210 days, after which we can decide the proper outcome. But our slippage run rate is quite strong. Our slippage ratio is also within guidance. So including this international account, the slippage ratio is still within guidance. I hope that our robust asset quality will continue.