Thursday 6 February 2014

Bank of Baroda reports 4% rise in Q3 net profit

Bank of Baroda has reported results for third quarter ended December 31, 2013.

The bank has reported 3.58% rise in its net profit at Rs 1047.84 crore for the quarter as compared to Rs 1011.62 crore for the same quarter in the previous year. Total income of the bank has increased by 9.67% at Rs 10622.80 crore for quarter under review as compared to Rs 9685.51 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 3.32%, as compared to 2.41% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 1.88% as compared to 1.12% in the same quarter of the previous year.

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