Bank of Baroda, a large public sector bank, has announced its quarterly results. The bank's profit in the quarter ended September 2024 has been better than expected, reaching Rs 5,237.9 crore, while Rs 4,489.2 crore was estimated. A year ago in this quarter, the bank had recorded a profit of Rs 4,252.9 crore. This increase in the bank's profit is 23 percent.

In the September quarter, the bank's net interest income (NII) increased from Rs 10,830.7 crore to Rs 11,622.1 crore year-on-year. Which is an increase of 7.3 percent.

Asset quality The bank has informed that the asset quality has improved in the September quarter. Gross NPA has come down to 2.50 percent from 2.88 percent in the previous quarter. Net NPA has come down from 0.69 percent to 0.60 percent quarter-on-quarter. Share performance On Friday, the bank's stock witnessed a decline, falling 2.36 percent to close at Rs 239. In the last one year, the bank's stock has seen a rise of 22.69 percent. The 52-week high of the stock is Rs 299.70.