Bank of Baroda Posts Rs 710 Crore Net Income in First Earnings Since Merger

Bank of Baroda Posts Rs 710 Crore Net Income in First Earnings Since Merger
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This is the first quarterly result of the bank after the forced amalgamation of Dena Bank and Vijaya Bank with it effective April 1

Roiled by massive losses arising from higher credit cost the amalgamated entity had made a loss of Rs 49 crore, in the year-ago quarter

On a consolidated level, the merged bank with many subsidiaries, has booked a net income of Rs 834 crore for the reporting quarter

Non-interest income grew 16.12 percent to Rs 641 crore from Rs 552 crore, and an operating profit of Rs 4,276 crore

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