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Bank of Baroda net up 11.6%

Feb 1, 2000

Bank of Baroda has reported a net profit of Rs 1319m a growth of 11.6% for the 3QFY2000. Its interest income went up by 7%, while interest expenses grew by 6.2%. Its net margins have shown marginal improvement.

(Rs m) 3QFY2000 3QFY1999 Change
Interest earned 12,966 12,115 7.0%
Other Income 1,336 1,282 4.3%
Interest expenses 8,588 8,084 6.2%
Operating expenses 3,157 2,801 12.7%
Provisions & Contingencies 1,240 1,330 -6.8%
Net Profit 1,319 1,182 11.6%
Net profit margin (%) 10.2% 9.8%  

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