Bank of Baroda has trimmed its Baroda Repo

Bank of Baroda has trimmed its Baroda Repo Linked Lending Rate (BRLLR) by 50 basis points, bringing it down to 8.15%, following the RBI's repo rate cut to 5.50%. The bank retained its 2.65% mark-up, which indicates a clear and direct transmission of the policy easing to end borrowers. 📊 𝗤𝘂𝗮𝗿𝘁𝗲𝗿𝗹𝘆 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗔𝘁 𝗮 𝗚𝗹𝗮𝗻𝗰𝗲: ✅ Net Profit stood at ₹5,048 crore, a modest 3.2% YoY growth, but ahead of street estimates. 📈 Other Income rose sharply by 24% YoY to ₹5,210 crore, giving support to overall profitability. ⚠️ Net Interest Income (NII) declined by 6.6% YoY to ₹11,019 crore, slightly disappointing on the core banking side. 🛡️ 𝗔𝘀𝘀𝗲𝘁 𝗤𝘂𝗮𝗹𝗶𝘁𝘆: Gross NPA improved to 2.26% from 2.43% last quarter — a positive trend. Net NPA was stable at 0.58%, down marginally from 0.59% — showing control over bad loans.