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Bank of Baroda pays 80 %

MUMBAI: Bank of Baroda reported a net profit of Rs. 1,435.52 crore for the year ended March 31, 2008 against Rs. 1,026.47 crore in 2006-07, an increase of 39.8 per cent. The net profit for fourth quarter was up 12.5 per cent at Rs. 276.44 crore against Rs. 245.66 crore.

The bank has declared a dividend of 80 per cent against 60 per cent in 2006-07. Interest income was higher by Rs. 2,809.38 crore (31.2 per cent) at Rs. 11,813.47 crore against Rs. 9,004.09 crore.

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