Bank of Baroda Q2 result shows an increase in total income by 4.09%

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Bank of Baroda (BoB), one of the leading public sector lenders, today reported total income increased by 4.09% to Rs 123.00 billion for the quarter ended Sep. 30, 2015 as compared to Rs 118.17 billion in the same period last year. Quarterly earnings a fall of 88.73% in net profit to Rs 1.24 billion for the quarter ended Sep. 30, 2015 as compared to Rs 11.04 billion in the same period last year.
The bank has made provision of Rs 18.91 billion, which was higher by 2.13 times from prior year period to Rs 8.88 billion. The net non performing assets (NPAs) stood at Rs 127.97 billion for the quarter ended Sep. 30, 2015, as compared to Rs 67.04 billion in the same period last year, representing an increase of 90.88%. In percentage terms, net NPAs were at 3.08% at the end of the quarter, higher than 1.74% from last year period. The capital adequacy ratio (CAR) of the bank under Basel III was at 12.51% as on Sep. 30, 2015.

 

 

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