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Bank of Baroda Q1 net up 102.57 per cent

New Delhi, July 28: Bank of Baroda has reported a 102.57 per cent jump in net profit at Rs 330.84 crore for the quarter ended June 30, 2007 as against Rs 163.32 crore in the corresponding quarter last year.

The total income also increased to Rs 3,024.80 crore in Q1 FY07 from Rs 2,192.87 crore for the same period during previous fiscal, a press release said.

UNI

No plans of revising lending rates: BOB

Mumbai, Jan 31: Bank of Baroda today categorically stated that it had no immediate plans to reduce the lending rates as the current net interest margin of three per cent was just adequate enough. Bank Chairman and Managing director A K Kandelwal, announcing the third quarter results of the Bank to presspersons, however, said ''we are a thinking bank and we always take a wait and watch attitude''. He was responding to questions from pressmen in the wake of RBI.....
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