Bank of Baroda net down to Rs 203 cr

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Mumbai, Aug 11 (IANS) Public sector Bank of Baroda on Friday said it closed the first quarter of the current fiscal with a drastic fall in net profit at Rs 203.39 crore.

In a regulatory filing in BSE, the bank said it posted a net profit of Rs 203.39 crore for the period ended on June 30, down from Rs 423,62 crore posted for the quarter ended June 30, 2016.

The bank’s total income for the period under review stood at Rs 12,103.86 crore, up from Rs 11,877.91 crore earned during the corresponding period of the previous fiscal.

Bank of Baroda’s gross non-performing assets (NPA) as on June 30, 2017 stood at Rs 46,172.77 crore, up from Rs 42,991.68 crore as on June 30, 2016.

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