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Bank of Baroda, Canara Bank announce subscription to IDRCL sharesBy , ET BureauLast Updated: Feb 18, 2022, 06:39 PM ISTSynopsisIDRCL is an asset management company set up by the government with an authorized capital of Rs 50 crore. It will work in tandem with the National Asset Reconstruction Company Ltd (NARCL) to clean up the…Continue Reading

Bank of Baroda Q3 net profit doubles to Rs 2,197 cr on lower provisions

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Public sector lender Bank of Baroda’s net profit doubled to Rs 2,197 crore in the October-December quarter (Q3FY22), aided by higher net interest income and lower provisions. Net interest income of the lender jumped 14.38 per cent to Rs 8,552 crore in the reporting quarter. Net interest margin, a measure of profitability, of the bank…Continue Reading