08-08-2021 10:50 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%.
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