Home / Companies / Results / Bank of Baroda posts net profit of Rs 1,208 cr in Q1; NII rises 16%

Bank of Baroda posts net profit of Rs 1,208 cr in Q1; NII rises 16%

BoB's net interest income (NII) --- the difference between interest earned and interest expended --- increased 15.7 per cent to Rs 7,892 crore in the first quarter

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2 min read Last Updated : Aug 07 2021 | 4:14 PM IST

State-owned lender Bank of Baroda on Saturday reported a standalone net profit of Rs 1,208 crore for the quarter ending June 30, 2021. The lender had posted a loss of Rs 864 crore in the year-ago period (Q1FY21) and Rs 1,046 crore in the previous quarter (Q4FY21).

BoB's net interest income (NII) --- the difference between interest earned and interest expended --- increased 15.7 per cent to Rs 7,892 crore in the first quarter as compared to Rs 6,816 crore in the year earlier period.

Operating profit for the quarter increased by 41.2 per cent year-on-year to Rs 5,707 crore. Meanwhile, the

Topics : Bank of Baroda Q1 results

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