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Bank of Baroda profit rises to ₹4,458 crore
1 min read | Updated on July 31, 2024, 19:15 IST
SUMMARY
Bank of Baroda’s total income was reported to be ₹32,116 crore in the quarter ended June for the financial year 2024-25. The share of the bank closed at ₹253.65, down 1.01% in the NSE.
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Gross Non Performing Assets (NPAs) declined to 2.88% of gross advances by June 2024 from 3.51% in FY24.
The state-owned bank had posted a net profit of ₹4,070 crore in the year-ago period.
Total income in the quarter rose to ₹32,116 crore from ₹29,878 crore, Bank of Baroda said in a regulatory filing.
The lender's interest income also increased to ₹29,629 crore against ₹26,556 crore in the same quarter a year ago.
Gross Non Performing Assets (NPAs) declined to 2.88% of gross advances by June 2024 from 3.51% in FY24.
Net NPAs too declined to 0.69% compared to 0.78% at the end of the first quarter of the previous year.
As a result, provisions and contingencies came down to ₹1,011 crore in the April-June period of FY25 against ₹1,947 crore in the year-ago period.
The capital adequacy ratio of the bank improved to 16.82% at the end of June 2024 compared to 15.84 % in the year-ago period.
The bank closed at ₹253.65, down 1.01% in the NSE on Wednesday.
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