Bank of Baroda net profit rises 23% to Rs 5,238 crore in Sep quarter

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State-owned Bank of Baroda (BoB) on Friday reported a 23 per cent growth in net profit to Rs 5,238 crore in the September quarter.

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.

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, BoB said in a regulatory filing.

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Category: BusinessFinance

Markets: India

Topics: Q2 results Bank of Baroda BoB Results Bank of Baroda results

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 18:08:14 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 251 words

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Sentences: 19 lines

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News ID: 23239732

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