NEW DELHI: Bank of Baroda (BOB) has declared its highest-ever quarterly standalone net profit of Rs 3,853 crore for the third quarter ending December 2022 (Q3 FY23), up by over 75% from the year-ago quarter of Rs 2,197 crore.
Net interest income grew over 26% to Rs 10,818 crore as against Rs 8,552 crore in the year-ago period. Its net interest margin stood at 3.37% in this period.
Asset quality improved as gross non-performing assets (NPAs) came at 4.53% as against 5.31% from the previous quarter of September 2022 whereas net NPA stood at 0.99% as against 1.16% quarter-on-quarter.