Financial Performance of SIDBI during FY 2024-25

1. Record-Breaking Profit

• SIDBI had registered a net profit of 4,811 crore in FY 2024-25, the highest ever in the history of the company.
• This is a massive 19.5 percent rise over the profit of ₹4,026 crore of last year (FY 2023-24).

2. Growth and Scale

• Total Income: The total income of SIDBI stood at 38,511 crore, which is very high considering that it increased by 20.6% per annum.
• Balance Sheet: The bank balance sheet increased and passed 5.6 lakh crore.

3. Impeccable Asset Quality

• SIDBI held very high quality of assets.
• Gross NPA: At March 31, 2025, gross NPA was at a very low 0.04%.
• Net NPA: Remained at Nil.

4. Leadership

• Shri Manoj Mittal is the Chairman and the Managing Director of SIDBI.

Part 2: Co-Lending of Bank of Baroda with IIFL Finance.

1. Strategic Partnership

• Today, Bank of Baroda (BoB) has entered into an agreement of Co-Lending with Non-Banking Financial Company (NBFC) IIFL Finance.

2. Objective and Model

• Purpose: To offer small borrowers quick, convenient and cheaper credit directed towards agricultural and related uses.
• Operational Model:
  • The fund originating (sourcing) and servicing of the gold loans will be done by IIFL Finance.
  • Bank of Baroda will be involved in financing the loans.
  • These loans will be jointly underwritten by the two entities.

Important Facts about the Bank of Baroda (BoB).

• Founded: 1908
• Headquarters: Vadodara, Gujarat
• MD & CEO: Debadatta Chand
• Tagline: "International Bank of India"