For Quick Alerts
For Daily Alerts

Bank of Baroda Q3 net profit up at Rs.1048 crore


Bank of Baroda Q3 net profit up at Rs.1048 crore
Bank of Baroda today reported higher net profit of Rs. 1048 crore for the quarter ended December 2013 as against Rs. 1012 crore for the corresponding period a year ago, an increase of 4%. Total income of the bank also surged to Rs. 10,623 crore from Rs. 9,685 crore in the same period last year.

Net interest income (NII) of the bank came in at Rs. 3057 crore. However, asset quality of the bank slipped with higher gross non-performing assets (NPA) of 3.32% vs 3.15% in the quarter ended September 2013. Net NPA of the bank also increased from 1.86% to 1.88% quarter-on-quarter.

The capital adequacy ratio as per Basel III is reported at 12.01% in comparison to 12.07% in the previous quarter.

Meanwhile, stock of the bank after announcing Q3 results in line with the estimates, was seen trading higher by over 1% at Rs. 550 on NSE at 11.45am.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more