Bank of Baroda has inaugurated its new branch at Shahpur in Mumbai. The branch is a state-of art-technology office under Baroda Next architecture, to provide great banking experience to customers.
The bank has reported a 21% increase in its net profit at Rs 1289.85 crore in the third quarter ended December 31, 2011 compared with Rs 1068.80 crore in the year-ago period. The total income rose by 39.09% to Rs 8821.32 crore in the quarter under review against Rs 6342.30 crore during the corresponding quarter of the earlier fiscal.
The bank’s gross NPA for the December quarter of the current fiscal stood at 1.48%, while the same was at 1.32% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 0.51% as compared to 0.36% in the same quarter of the previous year.
