Bank of Baroda back in black in Q1, posts net profit of Rs 1,208 cr

The lender's net interest income rose by 15.8% in Q1FY22 to Rs 7,892 cr

State-owned lender Bank of Baroda (BoB) posted net profit of Rs 1,208 for June 2021 quarter (Q1FY22) as against net loss of Rs 864 crore in the same quarter last year (Q1FY21). The improvement in bottomline is backed by robust rise in net interest income (15 per cent), and other income (63.3 per cent) and dip in provisions.

On Friday, the BoB stock had closed 1.03 per cent up at Rs 83.35 per share on BSE.

Its net interest income (NII) rose by 15.8 per cent in Q1FY22 to Rs 7,892 crore from Rs 6,816 crore in the quarter ended June 2020