Bank of Baroda on Thursday reported a net profit of Rs 4,837 crore for the third quarter ended on December 31, 2024. The consolidated profit was 5.6 percent higher than Rs 4,579 crore in the October-December quarter of the previous year.
The total income of the bank increased to Rs 34,676 crore in the third quarter of the current fiscal from Rs 31,416 crore in the year-ago period, Bank of Baroda said in a regulatory filing.
During the quarter, Bank of Baroda reported that its interest income rose to Rs 30,908 crore from Rs 28,605 crore in the same period last fiscal. The bank’s Net Interest Income (NII) grew 2.8 percent to Rs 11,417 crore as against Rs 11,101 crore in the same quarter of FY24.
The gross Non-Performing Asset (NPA) moderated to 2.43 percent as against 3.08 percent at the end of December 2023. Similarly, the net NPA declined to 0.59 percent as compared to 0.70 percent at the end of December 2023.
However, provisions and contingencies for the third quarter of FY25 rose to Rs 1,082 crore against Rs 666 crore in the same quarter of the previous financial year.
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