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Bank Of Baroda Q3 Net Declines 21 Percent At Rs 1,011 Cr Email this page
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Mumbai: Bank of Baroda on February 4 reported a 21.5 percent decline in its net profit at 1,011.62 crore for the quarter ended December 2012.
Its net profit stood at 1,289.85 crore in the October-December period of the previous fiscal.

The public sector lender earned a total of 9,685.51 crore during October-December quarter of 2012-13, up from 8,821.32 crore in the same quarter a year ago, it said in a filing to the BSE. The net non-performing assets (NPA) or bad loans of the bank increased to 1.12 percent during the quarter from 0.51 percent in the previous quarter.

In terms of value, the net NPA stood at 3,363.23 crore in the reported period from 1,325.27 crore in the year-ago period.

Shares of the bank were trading at 808.90 apiece in noon trades, down 6.72 percent from the previous close.

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