MARKETS 1h ago
Bank of Baroda's Q2 profit surges 36% YoY on NSE stake sale
Economic Times Stocks
Published 31 Oct 2026, 04:29 am IST
ET BureauThe lender's September-quarter net profit increased to ₹6,532 crore from ₹4,809 crore a year ago, mainly because of a near doubling of non-interest income to ₹6,881 crore from ₹3,515 crore in the year-ago quarter. The bank earned ₹1,340 crore from the partial sale of its stake in NSE.
The gains from the NSE stake, along with a 48% jump in recovery from written-off accounts, made up for a 9% drop in fee base income during the year. A 9% increase in net interest income (NII) to Rs 13,026 crore also supported profits. Net interest margin dropped to 2.74% from 2.96% a year ago.
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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