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BoB posts pre-tax loss of Rs 1,723 crore in Q4; stock ends 2.13% higher

The bank posted a net profit of Rs 506.5 crore in Q4FY20 compared to net loss of Rs 991.3 crore in Q4FY19.

Bank of Baroda
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The performance in FY20 and FY19 are not comparable as two public sector banks — Dena Bank and Vijaya Bank — merged with BoB from April 1, 2019.

Abhijit Lele Mumbai
Bank of Baroda (BoB) posted a pre-tax loss of Rs 1,723.2 crore in the fourth quarter ended March 31, 2020 (Q4FY20). It had seen a pre-tax loss of Rs 1,538.5 crore in the same quarter of 2018-19 (Q4FY19).

The bank posted a net profit of Rs 506.5 crore in Q4FY20 compared to net loss of Rs 991.3 crore in Q4FY19. In the entire FY20, it registered a net profit of Rs 546.1 crore against net profit of Rs 433.5 crore in FY19, according to filings with the BSE.

The performance in FY20 and FY19 are not comparable as two public sector banks

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First Published: Jun 24 2020 | 12:23 AM IST

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