Bank of Baroda Q3 net declines 21% at Rs 1,011 cr

Bank of Baroda Q3 net declines 21% at Rs 1,011 cr Mumbai: Bank of Baroda Monday reported a 21.5 percent decline in its net profit at Rs 1,011.62 crore for the quarter ended December 2012.

Its net profit stood at Rs 1,289.85 crore in the October-December period of the previous fiscal.

The public sector lender earned a total of Rs 9,685.51 crore during October-December quarter of 2012-13, up from Rs 8,821.32 crore in the same quarter a year ago, it said in a filing to the BSE.

The net non-performing assets (NPA) or bad loans of the bank increased to 1.12 percent during the quarter from 0.51 percent in the previous quarter.

In terms of value, the net NPA stood at Rs 3,363.23 crore in the reported period from Rs 1,325.27 crore in the year-ago period.

Shares of the bank were trading at Rs 808.90 apiece in noon trades, down 6.72 percent from the previous close.


PTI