Latest News | BoB Net Profit Rises 23 Pc to Rs 5,238 Cr in Sep Qtr

New Delhi, Oct 25 (PTI) State-owned Bank of Baroda (BoB) on Friday reported a 23 per cent growth in net profit to Rs 5,238 crore in the September quarter.

The bank had earned a net profit of Rs 4,253 crore in the second quarter of the previous fiscal.

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Total income rose to Rs 35,445 crore in the quarter under review from Rs 32,033 crore in the same period a year ago, BoB said in a regulatory filing.

Interest income of the bank increased to Rs 30,263 crore in the July-September quarter from Rs 27,862 crore in FY24.

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Asset quality of the bank witnessed improvement with gross non-performing assets (NPAs) falling to 2.50 per cent of gross advances at the end of the September quarter of 2024 as against 3.32 per cent a year ago.

Net NPAs or bad loans also declined to 0.60 per cent from 0.76 per cent in the year-ago period.

Its Capital Adequacy Ratio rose to 16.26 per cent over 15.30 per cent at the end of September 2023.

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