Bank of Baroda Q1 Results: PAT rises 88% YoY to Rs 4,070 cr; NII up 24%

Bank of Baroda on Saturday reported an 87.7% year-on-year (YoY) jump in its June 2023 quarter standalone net profit at Rs 4,070 crore. The figure stood at Rs 2,168 crore in the same period last fiscal. The net interest income (NII) grew by 24% YoY to Rs 10,997 crore in Q1FY24 while the global net interest margin (NIM) for the said quarter stood at 3.27%, up 25 bps YoY. The domestic NIM rose 34 bps YoY to 3.41% in Q1.