Bank of Baroda has reported results for second quarter ended September 30, 2016.
The Bank has reported over four-fold jump in its net profit of Rs 552.12 crore for the quarter ended September 30, 2016 as compared to Rs 124.48 crore for the same quarter in the previous year. However, total income of the Bank decreased by 2.06% at Rs 12046.60 crore for the quarter under review as compared Rs 12300.40 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July- September quarter of the current fiscal increased to 11.35%, as compared to 5.56% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.46% in Q2FY17.