Bank of Baroda's Q2 profit rises 35.8% to a record ₹6,532 crore; gross NPA at 1.78%

What happened

• Indian Masterminds gave net profit as ₹6,532 crore, up 35.8% from ₹4,809 crore, and operating profit as ₹11,430 crore, up 50.9% from ₹7,576 crore. It said the bank described both as its highest ever for a quarter.
• Net interest income rose 9% to ₹13,026 crore from ₹11,954 crore, and non-interest income rose 95.8% to ₹6,881 crore from ₹3,515 crore.
• Gross NPA was 1.78% against 2.16%, and net NPA 0.37% against 0.57%. The Free Press Journal, in a report timed at 6:37 PM on Friday, gave global advances as ₹15,12,448 crore, up 18.3%, and global deposits as ₹17,45,435 crore, up 16.4%.

Why it matters

Net interest income grew 9% while non-interest income grew 95.8% and operating profit 50.9%, per Indian Masterminds. Friday evening's edition did not carry this result.

Good to know: Gross NPA is the share of a bank's loans on which borrowers have stopped paying interest or principal for 90 days or more. Net NPA is the same after setting aside provisions.

Key facts

Net profit

₹6,532 crore (₹4,809 crore), up 35.8%

Operating profit, per Indian Masterminds

₹11,430 crore (₹7,576 crore), up 50.9%

Net interest income

₹13,026 crore (₹11,954 crore), up 9%

Gross NPA / net NPA

1.78% (2.16%) / 0.37% (0.57%)

Read the source

• Bank of Baroda Q2 FY27 Results: Net Profit Jumps 35.8% to Rs 6,532 Crore, Operating Profit Rises 50.9%Indian Masterminds
• Bank Of Baroda Reports Record Q2 Profit Of ₹6,532 Crore, Registers 35.8 Per Cent GrowthFree Press Journal