BoB Q1FY07 profit increases 41 per cent

New Delhi, July 28 (UNI) Bank of Baroda (BOB) today posted 41 per cent increase in net profit at Rs 163.32 crore for the first quarter ended June 30, 2006 as compared to Rs 156.94 crore for the same quarter a year ago.

The bank's total income increased 22 per cent to Rs 2297.62 crore for Q1 FY07 from Rs 1882.01 crore for Q1 FY06.

earlier this week, the bank said it would merge one of its associates, Nainital Bank, with itself. Nainital Bank was earlier acquired by BoB.

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