Bank of Baroda net up 54% in 2008-09 | india | Hindustan Times
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Bank of Baroda net up 54% in 2008-09

india Updated: May 26, 2009 23:15 IST

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Public sector Bank of Baroda on Tuesday said its consolidated net profit jumped 54 per cent to Rs 2,384.1 crore in the financial year ended March 31.

The lender had a consolidated net profit of Rs 1,548.4 crore during 2007-08, Bank of Baroda (BoB) said in a filing to the Bombay Stock Exchange.

The consolidated total income of the state-run firm rose to Rs 18,297.9 crore during FY'09 from Rs 14,306.7 crore in FY’08. The bank has already declared its standalone results for the quarter and year ended March 31, 2009, on April 27.

On a standalone basis, BoB has a net profit of Rs 2,227.2 crore during the financial year ended March 31, 2009, a jump of 55 per cent from Rs 1,435.5 crore in FY’08. The net profit grew nearly three-fold during the fourth quarter to Rs 752.7 from Rs 276.4 crore same period last year.

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