Bank of Baroda reports 12% rise in Q4 net profit

Bank of Baroda has reported results for fourth quarter and year ended March 31, 2014. The bank has posted a rise of 12.48% in its net profit at Rs 1157.27 crore for the quarter ended March 31, 2014 as compared to Rs 1028.85 crore for the same quarter in the previous year.  Total income of the bank has increased by 13.17% at Rs 11614.85 crore for quarter under review as compared to Rs 10262.50 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a rise of 1.34% in its net profit after tax at Rs 4541.08 crore as compared to Rs 4480.72 crore for FY13. Total income increased by 11.78% at Rs 43402.45 crore for year under review as compared to Rs 38827.28 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the bank has posted a rise of 4.09% in its net profit at Rs 5000.73 crore as compared to Rs 4804.23 crore in FY13. Total income of bank has increased by 12.36% at Rs 46018.05 crore for year under review as compared to Rs 40952.66 crore for the period ended March 31, 2013.