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Indian-Commodity  :  Top News  :  Bank of Baroda reports 52% fall in Q1 net profit

Bank of Baroda reports 52% fall in Q1 net profit (12-Aug-2017)

Bank of Baroda has reported results for first quarter ended June 30, 2017.

The Bank has reported 51.99% fall in its net profit at Rs 203.39 crore for the quarter under review as compared to Rs 423.62 crore for the same quarter in the previous year. However, total income of the Bank increased marginally by 1.90% at Rs 12103.86 crore for Q1FY18 as compared Rs 11877.91 crore for the corresponding quarter previous year.

The Bank's gross NPA for the April-June quarter of the current fiscal increased to 11.40%, as compared to 11.15% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 5.17% in Q1FY18.


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