Bank of Baroda reports 89% fall in Q2 net profit

Bank Of Baroda | Bank - Public | BFSI | BSE: 532134 | NSE: BANKBARODA

06 Nov 2015 Evaluate

Bank of Baroda has reported results for second quarter ended September 30, 2015.

The bank has reported 88.73% fall in its net profit at Rs 124.48 crore for the quarter ended September 30, 2015 as compared to Rs 1104.22 crore for the same quarter in the previous year. However, the bank’s total income has increased by 4.07% to Rs 12300.40 crore for the quarter under review from Rs 11817.32 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of the bank have increased to 5.56% for the quarter as against 3.32% in the same quarter previous year. Besides, bank’s Net NPA stood at 3.08% in Q2FY16.

Peers

Company Name	CMP
State Bank Of India	997.00
PNB	116.65
Bank Of Baroda	237.80
Canara Bank	123.90
Union Bank Of India	178.00
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