Bank of Baroda Posts Record Q2 Profit of ₹6,532 Crore
Bank of Baroda reported a record second-quarter profit of ₹6,532 crore. Non-interest income jumped 96 per cent, and its bad loans fell to 1.78 per cent from 2.16 per cent a year earlier. Asset quality also improved.
Context
Context: Bank of Baroda is one of India's largest state-owned banks. Non-interest income comes from fees and other sources beyond loan interest, while non-performing assets are loans borrowers have stopped repaying.
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