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Bob Bottomline Braced For A Leap

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Our Banking Bureau BUSINESS STANDARD

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

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First Published: May 27 2003 | 12:00 AM IST

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