Financial Insights

Q2 net profit of Bank of Baroda increases by 24% to Rs 2,088 cr, asset quality improves

Bank of Baroda on Wednesday reported 24% rise in standalone net profit at INR 2,088 crore in the September quarter as against INR 1,679 crore in year-ago period.

Net interest income rose 2% to INR 7,566 crore vs. INR 7,508 crore in Q2FY21. Net Interest Margin (NIM) increased to 2.85% in Q2FY22 from 2.78% in Q2FY21.

The Provision Coverage Ratio of the bank stood at 83.42%.

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