Bank of Baroda Q2 Results: PAT rises 28% YoY to Rs 4,253 crore; NII up 6.5%

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Key Points

MUMBAI - Bank of Baroda on Saturday reported a 28.4% year-on-year (YoY) rise in net profit for the quarter ended September 2023 to Rs 4,253 crore..

Total income from operations increased by 39% on year to Rs 32,033 crore...

Net interest income (NII), the difference between interest earned and interest expended, grew by 6.5% YoY to Rs 10,831 crore...

The non-interest income grew more than two-fold on year to Rs 4,171 crore during the quarter...

The gross non-performing assets ratio as of September end stood at 3.32%, compared to 5.31% a year ago and 3.51% a quarter ago..

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