State-run Bank of Baroda reported a jump of 42.8% at Rs 1,294 for quarter-ended March 2011 compared to Rs 906 for same period last year. Net interest income of the bank was up 49.47% at Rs 2,613 crore versus Rs 1,745 year-on-year.
In an interview with CNBC-TV18, MD Mallya, CMD, Bank of Baroda says, the bank will maintain 50% growth in net interest income, as long as 28% business growth is maintained. He further says, net interest margins may see further 5-10 bps impact.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
