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29 June, 2017 21:28 IST
Bank of Baroda turns to profit in Jan-Mar quarter
Source: IRIS | 19 May, 2017, 10.00AM
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Bank of Baroda (BOB), one of the leading public sector lenders, swung to a profit for the quarter ended March 2017. During the quarter, the bank reported a profit of Rs 2 billion compared with a loss of Rs 32 billion in the same quarter last year.

Interest earned for the quarter rose marginally 0.78% to Rs 129 billion, compared with Rs 128 billion for the prior year period.

The bank has made provision of Rs 26.22 billion, which was lower by 61.76% from prior year period to Rs 68.57 billion.

Shares of the bank gained Rs 6.8, or 3.62%, to trade at  Rs 194.55.  The total volume of shares traded  was  572,521 at the BSE (9.51 a.m., Friday).



Bank Of Baroda   (Q,N,C,F)*

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