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BOB’s Q3 net tumbles by 22%

04 Feb 2013 Evaluate

Public sector lender, Bank of Baroda, has reported results for third quarter ended December 31, 2012.

The bank’s net for the quarter slipped by 21.58% at Rs 1011.62 crore as against Rs 1289.85 crore for the quarter ended December 31, 2011. Bank’s total income has increased by 9.80% to Rs 9685.51 crore for the quarter under review from Rs 8821.32 crore for Q3FY12.

Net interest income, or the difference between interest earned on advances and paid on deposits, rose 7 per cent year-on-year at Rs 2,841 crore. The bank’s Gross NPA stood increased at 2.41% for December quarter as against 1.48% for the corresponding quarter of the previous year and 1.98% of the previous quarter. Likewise, Net NPA too was higher at 1.12% as against 0.51% in Q3FY12.

Peers
Company Name CMP
State Bank Of India 952.20
PNB 118.85
Bank Of Baroda 228.85
Canara Bank 115.80
Union Bank Of India 180.65
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