BusinessPhoto: Hindu BusinessBank of Baroda Reports Record Q2 Profit of ₹6,532 Crore
Bank of Baroda posted its highest-ever quarterly net profit of ₹6,532 crore for the quarter ended September, driven by a 95.8% year-on-year rise in non-interest income to ₹6,881 crore. Net interest income increased 9% to ₹13,026 crore. Operating profit reached a record ₹11,430 crore, up 50.9% YoY. Asset quality improved with GNPA down to 1.78% and net NPA at 0.37%. The bank expects to sustain operating profits around ₹7,000 crore in coming quarters.
Hindu Business··Mumbai



