Mumbai, October 31 (MExN): Bank of Baroda on Saturday reported its highest-ever quarterly net profit of Rs 6,532 crore for the September quarter of FY27, up 35.8% year-on-year, the state-owned lender said in a statement. Net profit for H1FY27 stood at Rs 7,810 crore.
Net Interest Income (NII) for the quarter rose 9.0% YoY to Rs 13,026 crore, while non-interest income jumped 95.8% YoY to Rs 6,881 crore. Operating profit for the quarter rose 50.9% YoY to Rs 11,430 crore, the highest ever quarterly operating profit posted by the bank. Return on Assets stood at 1.26% for the quarter, while Return on Equity was 19.28%.
The bank maintained robust asset quality, with the gross NPA ratio declining 38 bps YoY to 1.78% and the net NPA ratio falling 20 bps YoY to 0.37% in Q2FY27.
Global business grew 17.2% YoY to Rs 32,57,883 crore, with global deposits up 16.4% and global advances up 18.3%. Domestic CASA deposits registered a growth of 10.4% YoY to Rs 5,39,515 crore, and the RAM portfolio grew 18.0% YoY, constituting 64.2% of domestic advances.
