Bank of Baroda posts 5.6 pc rise in Q3 profit, asset quality improves
State-run Bank of Baroda (BoB) on Thursday reported a 5.6 per cent year-on-year (YoY) increase in its net profit for the third quarter of the financial year 2024-25 (Q3 FY25).
The bank's net profit stood at Rs 4,837 crore, up from Rs 4,579 crore in the same quarter last year.
The bank’s net interest income (NII), which represents the difference between interest earned and interest paid, rose by 2.8 per cent YoY to Rs 11,417 crore, compared to Rs 11,101 crore in the year-ago period.
For the first nine months of the financial year (9MFY25), Bank of Baroda’s net profit grew by 12.6 per cent to Rs 14,533 crore.
The bank’s operating profit in Q3 FY25 stood at Rs 7,664 crore, a 9.3 per cent YoY growth, according to its stock exchange filing.
A key driver of this growth was a strong 34.1 per cent rise in non-interest income, which reached Rs 3,769 crore.
