Bank of Baroda's (BoB's) net profit during the second quarter of 2024-25 (Q2FY25) rose 23.2 per cent year-on-year (Y-o-Y) to ₹5,238 crore, backed by a rise in non-interest income and decline in provisions for stressed loans.
Sequentially, the Mumbai-based lender's net profit rose 17.5 per cent from ₹4,458 crore in June 2024 (Q1FY25).
Its stock closed 2.26 per cent lower at ₹239.5 on the BSE on Friday.
BoB's net interest income (NII) expanded 7.33 per cent Y-o-Y to ₹11,622 crore in Q2FY25 as against ₹10,831 crore in the same quarter a year ago.
The net interest margin (NIM) improved to 3.10 per cent in Q2FY25 compared to 3.07 per cent in Q2FY24.
Sequentially, the NIM declined by eight basis points (bps) as against 3.18 per cent in Q1FY25.
This story is from the October 26, 2024 edition of Business Standard.
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This story is from the October 26, 2024 edition of Business Standard.
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