Bank of Baroda (BoB), a leading public sector bank, announced its financial results for the first quarter of the financial year 2025-26 (April to June). The bank reported a small increase of 1.8% in net profit, reaching ₹4,541.3 crore, compared to ₹4,458 crore in the same period last year.
Key Highlights:
- Interest Income: BoB earned a total of ₹31,091 crore from interest, which is 4.9% more than last year’s ₹29,628 crore.
- Net Interest Income (NII): The bank’s NII, which is the difference between income from loans and interest paid on deposits, fell by 1.4% to ₹11,435 crore from ₹11,600 crore a year ago.
- Net Interest Margin (NIM):
- Global NIM: 2.91%
- Domestic NIM: 3.06%
Improvement in Asset Quality:
- Gross NPA (bad loans before provisions): Dropped to 2.28%, better than 2.88% a year ago.
- Net NPA (bad loans after provisions): Came down to 0.6% from 0.69% last year.
Capital Strength:
- The bank’s capital adequacy ratio increased to 17.61%, up from 16.82%, showing that BoB has a stronger capital base to manage risks.
Share Price Update:
After the stock market closed on Friday (July 25), BoB announced these results. The bank’s share price ended the day 1.36% lower at ₹243.45, compared to ₹246.8 in the previous session.
Note: This news is for information purposes only. Please consult financial experts before making any investment decisions.
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