Bank of Baroda has reported results for first quarter ended June 30, 2018.
The Bank has reported over 2-fold jump in its net profit of Rs 528.26 crore for the quarter under review as against a net profit of Rs 203.39 crore for the same quarter in the previous year. Total income of the Bank increased by 5.65% at Rs 12,787.71 crore for Q1FY19 as compared Rs 12,103.86 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal increased to 12.46%, as compared to 11.40% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 5.40% in Q1FY19.
