Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore
7 months, 1 week ago

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Business Standard  

The board has recommended a dividend at Rs 7.60 per equity share of face value of Rs 2 each fully paid up for the 2023-24 subject to approval at the ensuing 28th Annual General Meeting. | Photo: Shutterstock State-owned Bank of Baroda on Friday posted a marginal 2.3 per cent rise in net profit at Rs 4,886 crore for the fourth quarter ended March 2024. On the asset quality side, the bank's gross Non-Performing Assets moderated to 2.92 per cent of gross advances as of March 31, 2024, from 3.79 per cent at the end of March 2023. For the financial year ended March 2024, the bank's net profit increased by a 26 per cent to Rs 17,789 crore, as compared to Rs 14,110 crore in the preceding fiscal.

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