Bank of Baroda has reported results for first quarter ended June 30, 2016.
The bank has reported 59.74% fall in its net profit at Rs 423.62 crore for the quarter ended June 30, 2016 as compared to Rs 1052.15 crore for the same quarter in the previous year. Total income of the bank decreased marginally by 2.99% to Rs 11877.91 crore for the quarter under review from Rs 12243.72 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 11.15%, as compared to 4.13% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 5.73% in Q1FY17.