The Daily PulseBusiness
Bank of Baroda Reports 36 Percent Jump in Q2 Profit
Reported by Manish Reddy (Senior Writer) · Economic Times - Markets ·
Reported by one source so far
Bank of Baroda posted a standalone net profit of Rs 6,532 crore for the second quarter of financial year 2027, marking a rise of 35.8 percent compared to the same period last year. Net interest income went up by 9 percent to reach Rs 13,026 crore in the same quarter.
Asset Quality
The lender also reported an improvement in its asset quality. Its gross NPA ratio dropped down to 1.78 percent.
Growth
Global advances and deposits both saw double-digit growth during the quarter.
Context
Strong quarterly results from major lenders usually reflect healthy credit demand and better recovery of past loans in the broader economy.
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