Bank of Baroda Q4 Net rises 12 pc to Rs 1,157 crore

State-run Bank of Baroda today reported 12.48 per cent rise in net profit at Rs 1,157.27 crore for the quarter ended March 31, 2014.

The bank had reported a net profit of Rs 1,028.85 crore in the January-March quarter of 2012-13 fiscal.

The total income of the bank rose to Rs 11,614.85 crore during the March quarter of 2013-14 fiscal, from Rs 10,262.5 crore in the previous financial year, BoB said in a filing to the BSE.

Provisions and contingencies during the March quarter stood at Rs 1,153 crore, down from Rs 1,598 crore in the corresponding period a year ago.
 

Interest income in the fourth quarter of 2013-14 rose to Rs 10,288 crore, as compared to Rs 9,071 crore in the year-ago period.

For the full fiscal, BoB reported 1.35 per cent rise in net profit at Rs 4,541.08 crore, as against Rs 4,480.72 crore in 2012-13 fiscal.

The bank's total income increased to Rs 43,402.45 crore during the 2013-14 fiscal, from Rs 38,827.28 crore a year ago.

The bank's shares were trading at Rs 875.90, up 4.37 per cent over their previous close on the BSE.