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Bank of Baroda reports 36% fall in Q2 net profit

14 Nov 2017 Evaluate

Bank of Baroda has reported results for second quarter ended September 30, 2017.

The Bank has reported 35.64% fall in its net profit at Rs 355.36 crore for the quarter under review as compared to Rs 552.12 crore for the same quarter in the previous year. However, total income of the Bank increased marginally by 3.68% at Rs 12490.39 crore for Q2FY18 as compared Rs 12046.60 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 11.16%, as compared to 11.35% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.05% in Q2FY18.  

Peers
Company Name CMP
State Bank Of India 954.55
PNB 114.40
Bank Of Baroda 234.55
Canara Bank 118.75
Union Bank Of India 173.00
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