EXCLUSIVE: Sanjiv Chadha, MD & CEO, Bank Of Baroda

Bank of Baroda reports net income for the second quarter that beat the average analyst estimate. Record net profit for Q2FY23 up by 58.7% YoY to INR 3,313 crore, Net profit in (H1 FY23) stood at INR 5,482 crore registering a strong YoY growth of 66.3%. GNPA at 5.31% - a reduction of 280 bps YoY and 95 bps QoQ, NNPA at 1.16% a reduction of 167 bps YoY in Q2FY23 and 42 bps QoQ. Net Interest Margins stand at 3.33% in Q2FY23, an increase of 48 bps YoY & 31 bps QoQ.