Propelled by higher interest and treasury income, Bank of Baroda (BoB) is set to post a net profit growth of 35-40 per cent to Rs 750-760 crore for the financial year ended March 31, 2003, according to analysts.
The bank had reported a net profit of Rs 545.92 crore in 2001-02. It will announce its audited numbers on Tuesday. BoB had posted a net profit of Rs 574.44 crore for the nine months ended December 31, 2002.
This was more than the net profit for the whole of 2001-02. Operating profit is seen at Rs 1,700 crore in 2002-03 as against Rs 1,309.25 crore in 2001-02.
In the nine months ended December 31, 2002, BoB had recorded an operating profit of Rs 1,296.96 crore, almost equalling last year