 "BoB Q3 results: Net profit doubles to Rs 2,197 cr")
Public sector lender Bank of Baroda on Saturday reported 107% jump in standalone net profit at Rs 2,197 crore for the quarter ending December 31, 2021. The bank reported standalone PAT of Rs 1,061 crore in the year-ago period.
Net interest income (NII) increased to Rs 8,552 crore in Q3FY22 as against Rs 7,477 crore in Q3FY21, registering a growth 14.38% YoY.
Operating profit of the bank increased to Rs 5,483 crore in Q3FY22, up by 7.85% on a YoY basis
Net interest margin increased to 3.13% in Q3FY22 from 2.77% in Q3FY21.
The Provision Coverage Ratio of the Bank stood at 85.95%.
On Friday, BoB's scrip on BSE closed trading nearly 3% lower at Rs 106.40.
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