Bank of Baroda (BoB) on Thursday reported a 60.7 per cent jump in its net profit at Rs.1,019.30 crore in the second quarter ended September 30, 2010 against Rs.634.18 crore in the corresponding quarter in the previous year.
The bank achieved an increase of 23.5 per cent in total income at Rs.5,839.96 crore against Rs.4,730.75 crore in the year-ago period. Interest income has improved by 24.7 per cent to Rs. 5,158.66 crore from Rs. 4,135.42 crore.
During the six months ended September 30, 2010, the bank registered a 38 per cent rise in net profit at Rs. 1,878.46 crore against Rs.1,319.56 crore in the same period a year ago.
Total income was higher by 18.2 per cent at Rs.11,184.16 crore against Rs.9,465.90 crore. On a year-on-year basis, total (Global) business increased by 29.9 per cent to Rs. 4,62,619 crore in the six months under reference from Rs. 3,56,274 crore as on September 30, 2009. Total deposits increased by 30.1 per cent to Rs. 2,69,660 crore from Rs. 2,07,355 crore.
Keywords: Bank of Baroda