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Bank of Baroda Q4: Asset Quality Improves QoQ & YoY, NIM Rises; More Details

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By Malvika Gurung

Investing.com — The general public sector lender Financial institution of Baroda (NS:) launched its earnings report for the March ending quarter on Friday, witnessing an increase in its internet curiosity margin (NIM) on a YoY foundation. 

The lender witnessed a standalone internet revenue of Rs 1,779 crore within the quarter ending March 2022, in comparison with a internet lack of Rs 1,047 crore within the year-ago interval.

For the quarter, the lender’s whole earnings lowered marginally by 4% to Rs 20,695.90 crore. 

Nevertheless, for the total fiscal FY22, Financial institution of Baroda’s internet revenue rallied a whopping 777.3% YoY to Rs 7,272.28 crore, whereas whole earnings slipped 2.47% YoY to Rs 81,364.73 crore.

On the asset high quality entrance, the lender’s gross NPA has improved to six.61% in This autumn FY22 from 7.25% within the Dec quarter and eight.97% within the year-ago interval. Equally, its internet NPA has additionally improved to 1.72%, in comparison with 2.25% sequentially and three.09% YoY.

In worth phrases, the GNPA stands at Rs 54,059 crore, down from Rs 55,996.77 crore within the Dec quarter and at Rs 66,670.99 crore in This autumn FY21.

The financial institution’s home CASA ratio has improved by 137 foundation factors on a YoY foundation to 44.24%, whereas NIM has improved by 32 bps to three.03% within the monetary 12 months.

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