Public sector lender Bank of Baroda on Wednesday reported 24% rise in net profit at Rs 2,088 crore in the September quarter as against Rs 1,679 crore in year-ago period.
Net interest income rose 2% to Rs 7,566 crore as compared to Rs 7,508 crore in Q2FY21.
The lender’s asset quality improved on a sequential basis. Gross non-performing assets (NPAs) as percentage of gross advances fell to 8.1% from 8.86% in June quarter.
At 1445 hours on Wednesday, the lender’s scrip on NSE was trading over 4% lower at Rs 101.95.
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