Mumbai, Jan. 30 -- Bank of Baroda (BoB) on Thursday reported a net profit of Rs 4,837 crore for the third quarter of FY25, reflecting a 5.6% year-on-year (YoY) growth.

The bank's performance was bolstered by robust asset quality and a significant increase in non-interest income.

The bank's 9MFY25 net profit grew 12.5% to Rs 14,533 crore.

BoB's asset quality remains strong, with the Gross Non-Performing Assets (NPA) ratio standing at 2.43% for Q3FY25, a reduction of 65 basis points (bps) from the previous year.

Credit costs were contained below 1%, registering at 0.30% for Q3FY25 and 0.47% for 9MFY25.

The bank's balance sheet continues to show strength with a Provision Coverage Ratio (PCR) of 93.51%, including the TWO (Technical Write...