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Bank of Baroda gave a Rs 2,762 crore dividend cheque to Finance Minister Nirmala Sitharaman for FY 2024-25. The Bank’s net profit was Rs 19,581 crore.
Bank of Baroda
Bank of Baroda (Bank) presented a dividend cheque of Rs 2,762 crore for the financial year ended March 31, 2025, to Hon’ble Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman. The cheque was handed over by Debadatta Chand, Managing Director & CEO, Bank of Baroda, at the Finance Minister’s office in North Block, New Delhi.
For FY 2024-25, the Bank recorded an all-time high standalone net profit of Rs 19,581 crore, registering a year-on-year growth of 10.1%. The Bank declared a dividend of Rs 8.35 per equity share for FY 2024-25 which is 418% of the face value per share of Rs.2/-.
Bank of Baroda Ltd.’s standalone net profit for the quarter ended March increased by 3.3% to Rs 5,048 crore, compared to Rs 4,886 crore in the same period last year. The net interest income—the difference between interest earned and interest paid—dropped 7% to Rs 11,020 crore for the quarter, down from Rs 11,793 crore reported in the corresponding quarter of the previous fiscal year. This figure is below Bloomberg’s estimates.
The net NPA ratio decreased by 10 basis points to 0.58% from 0.59% in the previous quarter. In absolute terms, the net NPA increased to Rs 6,994.24 crore from Rs 6,825.06 crore. Operating profit saw a slight rise of 0.3% to Rs 8,132 crore, compared to Rs 8,106 crore in the same quarter last year. Provisions increased by 43.4% to Rs 1,552 crore, up from Rs 1,082 crore in the previous quarter.
The Government of India holds a majority stake of over 60% in Bank of Baroda. The dividend adds to the Centre’s non-tax revenue, supporting fiscal consolidation efforts.
BoB shares up 0.66 per cent intraday on Wednesday to Rs 239 apiece, against the previous day close at Rs 237.82 piece.
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Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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