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Bank of Baroda FY09 net up 54% at Rs 2,384 cr

Public sector Bank of Baroda (BoB) today said its consolidated net profit jumped 54 per cent to Rs 2,384.08 crore in the financial year ended March 31. - Bank of Baroda net rises 54% - Bank of Baroda Q4 net rises 54%; stock flat - BoB cuts term deposit rates by up to 75 bps - Banks" net interest margins dip in Q4 - BoI mulls buyback of overseas Tier-II bonds - Rising above the tide The lender had a consolidated net profit of Rs 1,548.38 crore during 2007-08, BoB said in a filing to the Bombay Stock Exchange. The consolidated total income of the state-run firm rose to Rs 18,297.91 crore during FY09 from Rs 14,306.67 crore in FY08, it said. 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 1,435.52 crore in FY08. Further, the lender"s net profit grew nearly three-fold during the fourth quarter ended March 31 to Rs 752.69 from Rs 276.44 crore of the corresponding period a year ago. BoB was trading at Rs 440.50, up 0.13 per cent in afternoon trade on the BSE.

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