High deposit costs a drag on Bank of Baroda’s Q4

Net interest income-difference between interest paid to depositors and interest earned on loans-fell nearly 7% YoY to ₹11,020 crore in the fourth quarter. NII climbed 2% for the full financial year, while NIM moderated to 3.02% from 3.18% a year ago. However, non-interest income, which includes treasury gains, surged 24% in the March quarter to ₹5,210 crore, boosting the bank’s bottom line.

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