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Bank of Baroda posts highest-ever loss in industry

Posts net loss of Rs 3,342 cr on account of increase in provisioning

BS Reporter  |  Mumbai 

Public sector lender Bank of Baroda (BoB) posted highest-ever quarterly loss by an Indian bank of Rs 3, 342 crore in the quarter ended December 2015 on account of an almost five times increase in provisions for bad loans. It had posted net profit of Rs 333 crore in the same period last year. The bank’s net interest income for the quarter declined to Rs 2,795 crore from Rs 3,286 crore a year ago. Other income, comprising items like fees and treasury, was flat at Rs 1, 112 crore in Q3 FY16, compared with Rs 1, 090 crore in Q3 FY15. The country’s second largest lender by ...

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Bank of Baroda posts highest-ever loss in industry

Posts net loss of Rs 3,342 cr on account of increase in provisioning

Posts net loss of Rs 3,342 cr on account of increase in provisioning Public sector lender Bank of Baroda (BoB) posted highest-ever quarterly loss by an Indian bank of Rs 3, 342 crore in the quarter ended December 2015 on account of an almost five times increase in provisions for bad loans. It had posted net profit of Rs 333 crore in the same period last year. The bank’s net interest income for the quarter declined to Rs 2,795 crore from Rs 3,286 crore a year ago. Other income, comprising items like fees and treasury, was flat at Rs 1, 112 crore in Q3 FY16, compared with Rs 1, 090 crore in Q3 FY15. The country’s second largest lender by ... image
Business Standard
177 22

Bank of Baroda posts highest-ever loss in industry

Posts net loss of Rs 3,342 cr on account of increase in provisioning

Public sector lender Bank of Baroda (BoB) posted highest-ever quarterly loss by an Indian bank of Rs 3, 342 crore in the quarter ended December 2015 on account of an almost five times increase in provisions for bad loans. It had posted net profit of Rs 333 crore in the same period last year. The bank’s net interest income for the quarter declined to Rs 2,795 crore from Rs 3,286 crore a year ago. Other income, comprising items like fees and treasury, was flat at Rs 1, 112 crore in Q3 FY16, compared with Rs 1, 090 crore in Q3 FY15. The country’s second largest lender by ...

image
Business Standard
177 22