Bank of Baroda announced Q1FY23 results: Net Interest Income grew by 12% to Rs 8,838 crore in Q1 FY23. Fee based Income for the quarter increased by 15.6% to Rs 1,277 crore. Operating Income for Q1 FY23 stands at Rs 10,020 crore. Cost of Deposits reduced to 3.46% in Q1 FY23 as against 3.55% in Q1 FY22. Operating Profit for Q1 FY23 stands at Rs 4,528 crore. Core Operating Profit (ex-Treasury gains/losses and Interest on IT refund) grew by 11% YoY at Rs 5,301 Cr in Q1 FY23. Bank reported a standalone Net Profit of Rs 2,168 crore in Q1 FY23 as against a profit of Rs 1,209 crore in Q1FY22. Global NIM stands at 3.02% in Q1 FY23. Return on Assets (RoA) improved to 0.68% in Q1 FY23 from 0.42% in Q1 FY22. Return on Equity (RoE) increased by 500 bps YoY to 13.63% For the consolidated entity, Net Profit stood at Rs 1,944 crore in Q1 FY23 as against Rs 1,187 crore in Q1 FY22. Result PDF