Bank of Baroda has reported consolidated audited results for the year ended March 31, 2011
The group‘s net profit after minority interest, share of earnings in associates has surged by 39.46% at Rs 4433.71 crore for the year ended March 31, 2011 as compared to Rs 3179.30 crore for the year ended March 31, 2010. Its total Income has increased by 28.24% to Rs 25800.41 crore for the year from Rs 20118.67 crore for the previous year.
Earlier, the company has reported a jump of 42.82% in its net profit of Rs 1294.35 crore for the quarter ended March 31, 2011 as compared to Rs 906.28 crore for the quarter ended March 31, 2010. Total income has surged by 39.99% to Rs 7168.65 crore for the quarter ended March 31, 2011 whereas the same was at Rs 5120.73 crore for the quarter ended March 31, 2010.
For the year ended March 31, 2011, the company’s net profit increased by 38.69% to Rs 4241.68 crore as compared to Rs 3058.33 crore for the year ended March 31, 2010. Total income of the company has jumped by 27.14% to Rs 24695.10 crore for the year ended March 31, 2011 from Rs 19423.25 crore for the year ended March 31, 2010.
Bank of Baroda also recommended a dividend Rs 16.50 per equity share for the year 2011-11 subject to necessary approvals and declaration at the ensuing Annual General Meeting of the shareholders of the bank, which will be paid / dispatched by July 14, 2011.
Meanwhile, the bank has increased its base rate by 50 basis points (bps) to 10.00% p.a. from its existing 9.50% p.a. with effect from May 06, 2011 in line with the hike in key interest rate by Reserve Bank of India (RBI). The bank has also increased its Benchmark Prime Lending Rate (BPLR) by 50 bps and will be 14.25% p.a. from its existing 13.75% p.a. with effect from May 06, 2011.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: