{"id":2055,"date":"2021-02-01T09:13:00","date_gmt":"2021-02-01T09:13:00","guid":{"rendered":"https:\/\/smeloans.com\/?p=2055"},"modified":"2024-02-20T09:16:04","modified_gmt":"2024-02-20T09:16:04","slug":"bank-of-baroda-clocks-rs-1k-cr-profit-warns-of-stress-in-retail-sme-loans","status":"publish","type":"post","link":"https:\/\/smeloans.com\/index.php\/2021\/02\/01\/bank-of-baroda-clocks-rs-1k-cr-profit-warns-of-stress-in-retail-sme-loans\/","title":{"rendered":"Bank of Baroda clocks Rs 1K-cr profit, warns of stress in retail, SME loans"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Public sector lender Bank of Baroda reported a net profit of Rs 1,061 crore in the October-December quarter (Q3) of FY21, compared to a loss of Rs 1,407 crore in the year-ago period.\u00a0\u00a0\u00a0Despite interest income declining by almost 7 per cent, net interest income rose 8.65 per cent to Rs 7,749 crore in Q3 compared to Rs 7,132 crore as interest expenses fell sharply. On the other hand, non-interest income rose 6 per cent to Rs 2,896 crore.\u00a0\u00a0\u00a0Domestic net interest margin (NIM) improved by 11 basis points (bps) to 3.07 per cent in Q3FY21 compared to<\/p>\n<cite><a href=\"https:\/\/www.business-standard.com\/article\/finance\/bank-of-baroda-net-at-rs-1-061-cr-in-q3fy21-from-rs-1-407-cr-year-ago-loss-121012701116_1.html\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.business-standard.com\/article\/finance\/bank-of-baroda-net-at-rs-1-061-cr-in-q3fy21-from-rs-1-407-cr-year-ago-loss-121012701116_1.html<\/a><\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Public sector lender Bank of Baroda reported a net profit of Rs 1,061 crore in the October-December quarter (Q3) of FY21, compared to a loss of Rs 1,407 crore in the year-ago period.\u00a0\u00a0\u00a0Despite interest income declining by almost 7 per cent, net interest income rose 8.65 per cent to Rs 7,749 crore in Q3 compared 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