Bank of Baroda Q2FY26 Results: State owned Bank of Baroda announced its financial performance for the September quarter, today, October 31, post market hours, reporting an 8.2% year-on-year drop in its net profit at ₹4,809 crore in Q2, compared with ₹5,238 crore in the same period last year.
The decline was mainly driven by a steep 32% drop in non-interest income, which fell to ₹3,515 crore from ₹5,166 crore a year ago.
Meanwhile, net interest income (NII) saw a modest rise of 2.7% year-on-year to ₹11,954 crore, up from ₹11,637 crore in Q2FY25. Operating profit slipped 20.1% to ₹7,576 crore, compared with ₹9,477 crore in the previous year.
(more to come)