Bank of Baroda Q4 net up 43% to Rs 1,294 cr

Bank of Baroda has posted its consolidated net profit for the fourth quarter ended March 2011 at Rs 1,294 crore, up 42.8% from Rs 906 crore in the corresponding quarter a year ago.

Net interest income (NII) for the quarter ended March, 2011 rose by 49.7% at Rs 2,613 crore from Rs 1,745 crore in the same quarter a year ago.

The net profit for FY11 was up 39% while the NII was at 48%.

The operating profit for the fourth quarter saw a growth of 41%.