 "A branch of Bank of Baroda. Photo: Wikipedia")
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.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
