Bank of Baroda on May 16 reported standalone profit for the quarter ended March at Rs 4775.33 crore, up 168.46 percent from Rs 1778.77 crore in the same quarter last year.
Its net interest income came in at Rs 11,525 crore, rising 33.8 percent against the number reported in the corresponding quarter last year.
The board of the bank recommended a dividend at Rs 5.50 per equity share for the FY2022-23 subject to approval at the ensuing Annual General Meeting.
Operating Income for Q4FY23 stood at Rs 14,991 crore, increasing by 34.6 percent YoY.
Global NIM came in at 3.53 percent in Q4FY23, increase of 45 bps YoY. Domestic NIM stood at 3.65 percent, increase of 51 bps YoY.
Return on Assets (annualised) improved to 1.34 percent in Q4FY23 from 0.57 percent in Q4FY22. Return on Equity (annualised) for FY23 increased by 648 bps YoY to 18.34 percent
Gross NPA Ratio improved to 3.79 percent in Q4FY23 from 6.61 percent in Q4FY22. The Net NPA Ratio of the Bank stands at a record low of 0.89 percent in Q4FY23 as compared with 1.72 percent in Q4FY2, Bank of Baroda said.
The Provision Coverage Ratio of the Bank stood at 92.43 percent. Slippage ratio declined to 1.02 percent for Q4FY23 as against 2.52 percent in Q4FY22.
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