State lender Bank of Baroda (BoB) on Friday reported a standalone net profit of Rs 4,886 crore for the quarter ended March 31, 2024, a marginal 2.3% uptick compared to the profit figure of Rs 4,775 crore reported by the bank in the same period last year.
The board also recommended a dividend of Rs 7.60 per equity share for FY2023-24. It has fixed June 29, 2024, to July 5, 2024, as book closure dates for its 28th AGM and dividend payment. Shareholders having shares on the cut-off date of June 28 will be eligible for the payout.
Interests earned during the quarter stood at Rs 29,583 crore, up from Rs 25,857 crore reported in the year-ago period. This translates into a 14% YoY jump. For the full financial year, the interest earned by BoB stood at Rs 1,12,606 crore, compared to Rs 89,589 crore in FY23.
Interests expended during the quarter stood at Rs 17,791 crore, higher than Rs 14,332 crore reported in Q4FY23. For FY24, the interests expended stood at Rs 67,884 crore, up from Rs 48233 crore.
