Signals, Powered By EquityPandit
Bank of Baroda has reported a net loss of Rs 3230 crore for January-March quarter from Rs 598.3 crore in corresponding quarter last fiscal.
The net interest income (NII) during the quarter, increased 5 percent at Rs 3330.4 crore against Rs 3171.7 crore year-on-year.
The bank, however had a marginal increase in its gross non-performing assets (NPA), but paid a higher provision in Q4.
The gross NPA in the quarter gone by was up 4.1 percent at 9.99 percent against 9.68 percent whereas net NPA was down 11 percent at 5.06 percent versus 5.67 percent quarter on quarter.
