Bank of Baroda posts Rs.5,395 crore loss

Chennai, May 13 (IANS) Government-owned Bank of Baroda on Friday said it closed last fiscal with a net loss of Rs.5,395.55 crore as compared to a net profit of Rs.3,398.43 crore for the year ended March 31, 2015.

In a regulatory filing in BSE the bank said its total income went up to Rs.49,060.13 crore last fiscal as against Rs.47,365.55 crore for the year ended March 31, 2015.

Its provisions for bad loans were Rs.15,513.65 crore as against Rs.4,494.50 crore for the year ended March 31, 2015.

Its gross and net bad loans as on March 31 this year stood at Rs.40,521.04 crore and Rs.19,406,46 crore respectively, as against Rs.16,261.45 and Rs.8,969.45 crore respectively on March 31, 2015.

–IANS

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