 "Bank of Baroda")
Public sector lender Bank of Baroda reported a net profit of Rs 1,061 crore in the October-December quarter (Q3) of FY21, compared to a loss of Rs 1,407 crore in the year-ago period.
Despite interest income declining by almost 7 per cent, net interest income rose 8.65 per cent to Rs 7,749 crore in Q3 compared to Rs 7,132 crore as interest expenses fell sharply. On the other hand, non-interest income rose 6 per cent to Rs 2,896 crore.
Domestic net interest margin (NIM) improved by 11 basis points (bps) to 3.07 per cent in Q3FY21 compared to
Despite interest income declining by almost 7 per cent, net interest income rose 8.65 per cent to Rs 7,749 crore in Q3 compared to Rs 7,132 crore as interest expenses fell sharply. On the other hand, non-interest income rose 6 per cent to Rs 2,896 crore.
Domestic net interest margin (NIM) improved by 11 basis points (bps) to 3.07 per cent in Q3FY21 compared to
