Bank of Baroda posts 54 pc raise in net profit

Mumbai, May 26: Bank of Baroda has reported a 54 per cent rise in its net profit and a 28 per cent raise in its total income for the financial year ending Mar 31, 2009.

The banking major posted a net profit of Rs 2384.08 crore for the year ending March 31, 2009, in its statement to the Bombay Stock Exchange on Tuesday, May 26.

The consolidated net profit in the previous financial year was Rs 1548.38 crore.

The bank's total income raised by 28 per cent at Rs 18,297.91 crore as opposed to Rs 14,306.67 crore of the previous year.

OneIndia News