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Bank of Baroda Q3 Results: 5.6% profit in December quarter, 3% jump in NII – Bank of Baroda Q3 Results Net Profit Rices 5 6 Percent to Rs 4837 Crore NII UP 3 PERCENT

Bank of baroda Q3 results: Bank of Baroda of the public sector has released the results of the third quarter of FY25 on 30 January today. The company’s consolidated net profit increased by 5.6 per cent in the October-December quarter. The company has earned a profit of Rs 4,837 crore during this period. The figure was Rs 4,579 crore in the same quarter of last year. The bank shares have declined by 0.04 per cent today and this stock has closed at Rs 222.45 on the BSE. The bank has released the results of the market closure.

Bank of Baroda said in a regulatory filing that the total income of the bank in the third quarter of the current financial year increased from Rs 31,416 crore to Rs 34,676 crore in the same period of one year ago.

Bank of Baroda said that its interest income was Rs 28,605 crore in the same period of the last financial year, which increased to Rs 30,908 crore in the December quarter. The bank’s net interest income (NII) increased by Rs 2.8 per cent to Rs 11,417 crore in the same quarter of Rs 11,101 crore in the same quarter of FY 24.

Gross Non-Performing Asset (NPA) declined to 2.43 per cent against 3.08 per cent in the end of December 2023. Similarly, NET NPA declined to 0.59 percent in the end of December 2023 as compared to 0.70 per cent. However, the provision and contigency for the third quarter of FY 25 increased to Rs 1082 crore against the same quarter of the previous financial year to Rs 1082 crore.

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