Bank of Baroda (BoB) reported a healthy bottom-line in Q2 FY 2024-25 with the net profit surging by 23.2% year on year to ₹5,238 crore v/s ₹4,253 crore Q2 FY24
Net interest income of the bank increased 7.3% YoY to ₹11,622 crore whereas non-interest income climbed 24.2% YoY to ₹5,181 crore. Operating profit rose 18.2% YoY to ₹9,477 crore with proper cost control and revenue generation.
Asset quality improved, and the GNPA ratio reduced to 2.50% as against 3.32% YoY; NNPA fell from 0.76% to 0.60%. This, therefore, fact reveals that the bank is constantly strengthening its core banking operations and maintaining financial resilience as well.
Bank of Baroda is a public sector bank , Founded in 1908, this is now the third largest bank in India with the status of a public sector bank – presently there are more than 9,500 branches and over 10,000 ATMs. For all latest financial news, keep yourself updated with Dalal Street India.
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Tomorrow 27th Oct is celebrated as World Day for Audiovisual Heritage!
As Stated in Bhagavad Gita:
विद्या विनय सम्पन्ने ब्रह्मणे गवि हस्तिनि
The wise see with equal vision a learned and humble scholar, a cow, an elephant, a dog, and a dog-eater.
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