Bank of Baroda (BoB) posted a 35.69% year on year (YoY) decrease in net profit at Rs.355 crore for the quarter ended September 30, 2017. Last year, in the same quarter it had reported a net profit of Rs.552 crore.

Net interest income (NII) for the quarter increased 8.58% YoY to Rs.3,720 crore from Rs.3,426 crore in the corresponding quarter previous year.

Further, asset quality improved in quarter ended September 2017. Gross non-performing assets as a percentage of gross advances were lower at 11.16% in Q2  (against 11.40% in Q1) and net NPAs also declined to 5.05% (5.17%).

The bank made Rs.1,847 crore in provisions for the September quarter, against Rs.1,630 crore provisions in the corresponding quarter previous quarter.