'Bank of Baroda has reported 6% growth in net profit at Rs 4837.34 crore for the quarter ended December 2024 (Q3FY2025). The bank has posted moderate 3% growth in net interest income (NII), while the core fee income of the bank improved 12% in Q3FY2025. The Net Interest Margin (NIM) of the bank declined to 2.94% in Q3FY2025 compared to 3.10% in the corresponding quarter of previous year.
On business front, the bank as has posted 12% growth in business with 12% surge in loan book. The asset quality of the bank was stable in Q3FY2025. Bank has maintained stable credit to deposit ratio at 84.2% at end December 2024 from 84.3% at end December 2023. The domestic CASA ratio of the bank was steady at 39.7% end December 2024 from 39.8% end September 2024, while eased from 40.7% end December 2023.
Asset quality stable: The bank has maintained stable asset quality in Q3FY2025.
The fresh slippages of loans stood at Rs 2915 crore in Q3FY2025 compared with 3110 crore...
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