New Delhi, State-owned Bank of Baroda (BoB) on Tuesday reported a marginal 3 percent rise in net profit to Rs 5,048 crore for the March quarter of FY2025.
The bank had posted a net profit of Rs 4,886 crore in the same period a year ago.
During the quarter, the bank’s total income rose to Rs 35,852 crore from Rs 33,775 crore a year ago, BoB said in a regulatory filing.
The bank’s interest income rose to Rs 30,642 crore from Rs 29,583 crore in the fourth quarter of the previous fiscal.
However, net interest income (NII) in the quarter declined to Rs 11,020 crore from Rs 11,793 crore in the same period a year ago.
On the asset quality front, the bank’s gross non-performing assets (NPAs) declined to 2.26 percent of gross advances as against 2.92 percent at the end of March 2024.
Similarly, net NPAs declined to 0.58 percent of net advances, up from 0.68 percent at the end of 2024. The bank’s provision coverage ratio stood at 93.29 percent as on March 31, 2025.
The bank’s capital adequacy ratio improved to 17.19 percent from 16.31 percent at the end of FY24. For the full fiscal year 2024-25, the bank reported a profit of Rs 19,581 crore, up 10 percent from Rs 17,789 crore in the previous year.
The bank’s total income during the fiscal year rose to Rs 1,38,089 crore as against Rs 1,27,101 crore a year ago.
The board of the bank has recommended a dividend of Rs 8.35 per equity share of face value of Rs 2 each for 2024-25, subject to the approval of the shareholders.
Bank of Baroda’s fourth quarter profit upsurge 3% to Rs 5,048 crore
