Bank of Baroda fell 2.41% to Rs 93.30 after reporting net loss of Rs 1406.95 crore in Q3 December 2019 as against net profit of Rs 471.25 crore in Q3 December 2018.
Total income rose 49.58% to Rs 21,809.08 crore in Q3 December 2019 as against Rs 14,562.85 crore reported in Q3 December 2018.Gross non-performing assets (NPAs) stood at Rs 73,139.70 crore as on 31 December 2019 as against Rs 69,968.95 crore as on 30 September 2019 and Rs 53,184.28 crore as on 31 December 2018.
The ratio of gross NPAs to gross advances stood at 10.43 % as on 31 December 2019 as against 10.25% as on 30 September 2019 and 11.01% as on 31 December 2018. The ratio of net NPAs to net advances stood at 4.05% as on 31 December 2019 as against 3.91% as on 30 September 2019 and 4.26% as on 31 December 2018.
Net Interest Income (NII) rose 9% and stood at Rs 7,128 crore. Net interest margin improved and stood at 2.8% in Q3FY20 as against 2.62% reported in Q3FY19.
Provisions and contingencies (excluding tax provisions) soared 156.1% and stood at Rs 7155.42 crore in Q3 December 2019 as against Rs 2794.20 crore in Q3 December 2018.
Provision coverage ratio (PCR) excluding two increased to 63.76% as on 31 December 2019 compared with 58.87% as on 31 December 2018. Of the total fresh slippages of Rs 10,387 crore, Rs 4,509 crore is on account of RBI divergence.
Bank of Baroda is a public sector bank with 46 branches in 14 countries. The Government of India held 71.6% stake in the bank as on 31 December 2019.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app