Bank of Baroda Records 18.9% Increase in Net Profit for Q3 FY23-24
Public sector lender Bank of Baroda (BOB) has announced a net profit of Rs 4,579.33 crore for the quarter ending December 2023, marking an 18.9% surge from the corresponding period in the previous fiscal year.
The bank’s gross non-performing assets (NPAs) have shown improvement, standing at 3.08%, down from 4.53% in the same period last year. Additionally, the net NPA has seen improvement, reducing to 0.70% from 0.99%.