Public sector lender Bank of Baroda on Saturday reported 88% jump in net profit at Rs 4,070 crore for the quarter ending June 30, 2023. It reported net profit of Rs 2,168 crore in the year-ago period.
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The bank’s net interest income rose 24% to Rs 10,997 crore in Q1FY24 as against Rs 8,838 crore in Q1FY23.
On Friday, Bank of Baroda’s scrip on BSE closed 1% lower at Rs 191.45.
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On the asset quality front, gross non-performing assets ratio improved to 3.51% from the previous quarter’s 3.79%.
Net NPA ratio improved to 0.78% from the previous quarter’s 0.89%.
