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Bank of Baroda Q1 net slumps 52% to Rs 203 cr

Gross bad loans rose to 11.40% versus 10.46% q-o-q

A branch of Bank of Baroda. Photo: Wikipedia

Last Updated : Aug 11 2017 | 5:18 PM IST

State-run Bank of Baroda Ltd reported a 52 percent plunge in first-quarter net profit on Friday.

The fifth-largest bank in the country by assets reported a net profit of Rs 203 crore, for the three-month period ended June 30, compared with Rs 424 crore a year ago.

Gross bad loans as a percentage of total loans rose to 11.40 percent by end of June, from 10.46 percent at the end of March, and 11.15 percent at June-end last year.

Total stressed assets were 14.32% of the gross advances.

Total restructured standard assets of the bank were Rs 11,819 crore as of June 30, 2017.

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