BoB Q2 PAT slips 8% to 4.8k crore, NIM up 3%

MUMBAI: Public sector banking major Bank of Baroda on Friday said that its net profit for the quarter ended Sept 30 was Rs 4,809 crore, down 8% from Rs 5,239 crore reported during the same period of the previous fiscal. The slide in profits was due to lower income on investments and other income, the lender's results showed.

BoB reported a nearly 3% rise in net interest income to Rs 11,954 crore. However, its total income was down to Rs 35,026 crore in Q2 from Rs 35,445 crore during the year-ago period.

Afer the results were out, Debadatta Chand, MD & CEO, BoB said that it was maintaining its FY26 credit growth target at 11-13% as the lender aims to accelerate corporate lending during the remaining part of the fiscal.