Bank of Baroda Q2 net up 24% at Rs 2,088 cr on robust non-interest income

Non-interest income grew by 23 per cent to Rs 3,579 crore in Q2FY22 from Rs 2,910 crore in Q2FY21 a year ago

Bank of Baroda posted a 24.4 per cent rise in net profit at Rs 2,088 crore in September 2021 quarter (Q2FY22) on robust rise in non-interest income including fees and and recoveries from written-off accounts.

The lender had posted a net profit of Rs 1,679 crore in the second quarter of FY21. Sequentially, net profit rose from Rs 1,209 crore in the first quarter ended June 2021.

The provision for tax fell to Rs 828 crore in Q2FY22 from Rs 872 crore a year earlier.

The BoB stock closed 4.61 per cent lower at 101.45 per share on BSE.

Net