Today’s Latest Business News, Finance and Share Market News at 5:30 pm on 16 May 2023

News Snapshot:

Let's begin - Bank of Baroda posted fiscal fourth quarter profit at Rs 5,255.17 crore, up 158.7 per cent from Rs 2,031.55 in the same quarter last year. “This robust growth in profitability was supported by healthy Net Interest Income (NII) growth of 33.8 per cent and 26.8 per cent for Q4FY23 and FY23 respectively,” it said in a regulatory filing. The total income for the quarter was at Rs 32,528.06 crore, up 44.8 per cent as against Rs 22,470.46 crore in the fourth quarter of FY22. Bank of Baroda’s provisions stood at Rs 2158.36 crore. The Board also recommended...