Latest News
-
Reliance Industries Sets Record: First Indian Company Tops Rs 1L Cr Profit -
1:1 Bonus Issue: Engineering Stock Turned Ex-Bonus On April 23, Hits New 52-Week High; Gives 268% Returns -
Vodafone Idea Shares Soar 7% Following Strong FPO Subscription; GMP Hints Premium Shares; Details -
Karnataka, Gujarat Lead India's Clean Energy Transition Race, Report Shows -
Gold Price India: 24K Of 100 Grams Gold Falls By Rs 15,300 Today, Biggest Dip In April -
JNK India IPO: Public Issue Opens Today; GMP Hints Premium Listing; Check Subscription Status -
Fraud Worth Rs 150 Crore Detected at M&M Financial Services Branch; Board Meeting Deferred -
40% Of India's Silver Now Imported From UAE, Thanks To CEPA -
US Hedge Fund Jane Street & Millenium Management's $1 Bn Trade Puts Spotlight On Indian Options Market -
Day Trading Picks: Chandan Taparia of Motilal Oswal Recommends 3 Stocks To Buy Today - Tuesday
Bank of Baroda net profits marginally up at Rs 1168 crores
Bank of Baroda has posted a net profit of Rs 1168 crores for the quarter ended June 30, 2013 as compared to Rs 1139 crores for the quarter ended June 30, 2012.
Total Income has increased from Rs 9328.41 crores for the quarter ended June 30, 2012 to Rs. 10717.49 crores for the quarter ended June 30, 2013.
As was the case with most of the banking stocks, the company reported higher non performing assets. Gross NPA's have come in at 2.99 per cent for the June 30 quarter, as compared to 2.44 per cent in the previous quarter.
Similarly, net NPA for the June 30 quarter were placed at 1.69 per cent, as against 1.28 per cent in the previous quarter. Deterioration in asset quality, particularly of public sector banks has been a cause of worry for the banking sector.
The stock of Bank of Baroda was trading lower by 2.91% on the Bombay Stock Exchange at Rs 545.
GoodReturns.in
