Bank of Baroda says 25 bln rupees debt restructuring pipeline in June qtr
MUMBAI (Reuters) - Indian lender Bank of Baroda is facing a heavy debt restructuring pipeline on account of delays in projects, but it still expects to grow 3 to 4 percent above the industry growth in 2013/14, its chairman said.
It is facing debt restructuring of about 25 billion rupees in the June quarter.
"Going forward, restructuring is something we will be living with over a couple of quarters," Chairman S.S. Mundra told reporters.
Earlier on Monday, the lender posted a 32 percent fall in March quarter net profit to 10.3 billion rupees as bad bedts rose from a year earlier.
(Reporting by Swati Pandey; Editing by Anand Basu)