You are here: Home » Finance » News » Banks
Business Standard

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

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


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, ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, August 11 2017. 16:32 IST