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Bank of Baroda’s gross non-performing assets fall 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.
Bank of Baroda’s total income rises to Rs 35,445 crore in the quarter under review from Rs 32,033 crore in the same period a year ago.
State-owned Bank of Baroda (BoB) on Friday reported a 23 per cent jump in its net profit to Rs 5,238 crore for the September 2024 quarter. Its interest income during July-September 2024 increased 8.61 per cent to Rs 30,263 crore from Rs 27,862 crore in the year-ago period.
Bank of Baroda’s net profit had stood at Rs 4,253 crore in the second quarter of the previous fiscal, according to a regulatory filing.
Its 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.
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.
Shares of Bank of Baroda on Friday declined by 2.26 per cent to Rs 239.50 apiece on the BSE.
