BoB Q4 net up 17% at Rs 1,518 cr

Public sector lender Bank of Baroda (BoB) today recorded 17.3% rise in net profit at Rs 1,518.1 crore for the fourth quarter ended March 31.

The bank had posted a net profit of Rs 1,294.3 crore in the January-March quarter of 2010-11.

Total income rose to Rs 9,016.3 crore during the quarter quarter from Rs 7,168.6 crore in the same period last fiscal, BoB said in a filing to the BSE.

The board proposed a dividend of Rs 17 per equity share or 170% on face value of Rs 10 per share for the financial year 2011-2012.

For the fiscal ended March 31, 2012, the bank posted a net profit of Rs 5,006.9 crore against Rs 4,241.6 crore in the previous fiscal, registering an increase of 18%.

Total income increased to Rs 33,096.1 crore during the year, compared to Rs 24,695.1 crore in the previous fiscal.