Bank of Baroda's Net Profit Rises 59% To Rs 3,313 Crore In Q2

Bank of Baroda: Its total income rose to Rs 23,080.03 crore for the second quarter of 2022-23, compared to Rs 20,270.74 crore a year ago, it said in a regulatory filing.

State-owned Bank of Baroda on Saturday reported a jump of 59 per cent in its net profit to Rs 3,313 crore for the second quarter ended September on the back of a decline in bad loans and rise in interest income.

The lender had posted a net profit of Rs 2,088 crore in the corresponding quarter of the previous fiscal.

Its total income rose to Rs 23,080.03 crore for the second quarter of 2022-23, compared to Rs 20,270.74 crore a year ago, it said in a regulatory filing.

Net interest income grew by 34.5 per cent to Rs 10,714 crore.