Rs 832.5 crore Q3 net profit reported by Bank of Baroda
The results for Q3 was recently declared by Bank of Baroda, which showed that the company's Q3 NII was higher at Rs 1,601.2 crore versus Rs 1,461.8 crore, year-on-year, YoY.
The net profit for the bank was up at Rs 832.5 crore versus Rs 708.4 crore, YoY. Prior to this, Business News major CNBC-TV18 poll predicted the net profit at Rs 714.7 crore and net interest income at Rs 1,500.8 crore, so the numbers were better than expected.
The bank stated that it experienced a 26% growth in global business, while its CASA grew by 25%; CASA ratio at 36.1%. The bank further witnessed NPA slippages of Rs 363 crore in Q3 and Gross NPA at 1.4%, Net NPA at 0.3%. The Restructured assets were at Rs 4,800 crore and fully under control.