BoB made profit of 2,088 crore, gave 115 percent return to investors in one year

Bank of Baroda Q2 Result: Public sector Bank of Baroda has released its second quarter results today. In the second quarter, there has been an increase of about 24 percent in the profit of the bank, after which the profit of the bank has increased to Rs 2088 crore. This was Rs 1,679 crore for the bank in the same quarter a year ago. Let us tell you that the bank has given a return of 114.83 percent to the investors in just one year.

36.93 percent return given in 6 months
If an investor had bought the shares of the bank a year ago, he would have got a return of 114.8 percent in just one year. On the other hand, if you had bought 6 months back, you would have got a return of 36.93 per cent.

stock market information
Public sector Bank of Baroda said in the information sent to the stock market on Wednesday that its total income declined to Rs 20,270.74 crore in the July-September quarter of the current financial year, from Rs 20,729.31 crore in the corresponding period of the previous financial year.

interest income decreased
The interest income of the bank also declined by 6.33 per cent to Rs 16,692 crore in the second quarter of the current financial year. It was Rs 17,820 crore in the corresponding period of the previous financial year. Apart from this, the non-interest income of the bank increased by 23 per cent to Rs 3,579 crore for the quarter ended September 30, 2021. It was Rs 2,910 crore in the same quarter a year ago.

Increase in NPAs
The bank’s gross non-performing assets (NPA) declined to 8.11 per cent in the quarter under review as against 9.14 per cent in the same period of the previous financial year. However, the bank’s net NPAs rose to 2.83 per cent from 2.51 per cent.

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