Bank of Baroda Q3 net profit up 21%

State-owned Bank of Baroda reported a 21% increase in net profit to Rs 1,289.8 cr for quarter.

Written by Agencies | Mumbai | Published:January 25, 2012 9:08 pm

State-owned Bank of Baroda (BoB) today reported a 21 per cent increase in net profit to Rs 1,289.8 crore for the quarter ended December 31,2011.

The bank had posted a net profit of Rs 1,068.8 crore for the third quarter last fiscal,BoB said in a filing to the BSE.

Total income of the lender rose to Rs 8,821.32 crore during the October-December quarter from Rs 6,342.3 crore in the same period last year.

During the first nine months of 2011-12,the bank registered an 18 per cent rise in net profit to Rs 3,488.78 crore from Rs 2,947.34 crore in the same period a year ago.

The bank reported a total income of Rs 24,079.74 crore for the April-December,2011,period,compared to Rs 17,526.46 crore in the same period last financial year.

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