Published on 8/08/2021 10:50:53 AM | Source: Reuters

India's Bank of Baroda posts June qtr net profit of 12.08 billion rupees

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MUMBAI- India's Bank of Baroda reported a stand alone net profit of 12.08 billion rupees ($163 million) in the June quarter compared to a loss of 8.64 billion a year earlier, the state-run lender said in an exchange filing on Saturday.

Net interest income rose 15.79% to 78.92 billion rupees, it said.

Gross non-performing assets (NPAs) stayed flat sequentially at 8.86% in Q1 2021/22 while net NPAs fell slightly to 3.03%.

In Q4 2020/21, gross NPAs stood at 8.87% while net NPAs stood at 3.09%.