Its net interest income (NII), the difference between interest earned and interest expended, grew 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.
Bank of Baroda Q2 Results: 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. Operating profit for the quarter increased by 33% on year to Rs 8,020 crore. The cost-to-income ratio reduced to 46.54% from 49.74% a year ago.
Bank of Baroda reported a 59 per cent YoY rise in its net profit at Rs 3,313 crore for the September quarter. NII rose 34.5 per cent to Rs 10,714 crore while gross non-performing assets (NPAs) declined sequentially