Bank of Baroda reports highest-ever quarterly profit of Rs 3,853 cr in Q3

On the bourses, shares of the bank jumped over 5 per cent to an intra-day high of Rs 162.3 per share

State-owned Bank of Baroda, on Friday, reported its highest-ever quarterly net profit of Rs 3,853 crore for the October-December quarter (Q3) of financial year 2023 (FY23), registering a staggering growth of 75.4 per cent year-on-year (YoY).

Net profit in (9MFY23) stood at Rs 9,334 crore, registering a strong YoY growth of 69.9 per cent.

BoB said its bottomline got a boost from healthy growth in net interest income (NII), which surged 26.5 per cent YoY to Rs  10,818 crore in Q3FY23. Global NIM stands at 3.37 per cent in Q3FY23, increase of 24 bps YoY.

According to the lender's financial