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Bank of Baroda reports 10% fall in Q2 net profit

31 Oct 2013 Evaluate

Bank of Baroda has reported results for second quarter ended September 30, 2013.

The bank has reported a fall of 10.24% in its net profit at Rs 1168.10 crore for the quarter ended September 30, 2013 as compared to Rs 1301.39 crore for the same quarter in the previous year. However, total income of the bank increased by 9.38% at Rs 10447.31 crore for quarter under review as compared to Rs 9550.86 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) have increased to 3.15% in the July-September quarter as against 1.98% in the same quarter previous year, while net NPAs too increased to 1.86%.

Peers
Company Name CMP
State Bank Of India 955.55
PNB 119.25
Bank Of Baroda 229.10
Canara Bank 115.65
Union Bank Of India 181.20
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