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Bank of Baroda reports 2- fold jump in Q2 consolidated net profit

30 Oct 2020 Evaluate

Bank of Baroda has reported results for second quarter ended September 30, 2020.

The Bank has reported 2- fold jump in its net profit of Rs 1678.60 crore for the quarter under review as against net profit of Rs 736.68 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.24% at Rs 20719.85 crore for Q2FY21 as compared Rs 22097.91 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 2- fold jump in its net profit of Rs 1794.30 crore for the quarter under review as against net profit of Rs 853.82 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.23% at Rs 21853.79 crore for Q2FY21 as compared Rs 23304.57 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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