Bank of Baroda announces Financial Results for the Quarter ended 30th June 2024

  Key Highlights ·         Bank’s Net Profit registers a YoY growth of 9.5% reaching a level of INR 4,458 crore, driven by lower credit cost. ·         Return on Assets (ROA) remains consistently above 1% for 8 quarters and stands at1.13% for Q1FY25. ·         BOB has witnessed an improvement in its Asset quality with reduction in GNPA by 63 bps YoY to 2.88% from 3.51% in Q1FY24. ·         Bank’s NNPA reduced by 9 bps YoY to 0.69% in Q1FY25 as against 0.78% in Q1FY24. ·         Strong capital position with CRAR at…

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