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BOB Net Profit Up 5.6% to ₹4,837 Cr as Margin Falls
The Morning Standard
|January 31, 2025
SECOND-LARGEST state-run lender Bank of Baroda on Thursday reported ₹4,837 crore net profit in the quarter ending December, which is just 5.6% higher than the ₹4,579 crore it had booked a year ago.
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Margin slipped more than expected to under 3% as the cost of funds was more than its yields on advances while the key net interest margin struggled with a 2.8% uptick in the reporting period.
This story is from the January 31, 2025 edition of The Morning Standard.
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