Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 November, 2017 23:07 IST
Bank of Baroda quarterly earnings plunge 52%
Source: IRIS | 11 Aug, 2017, 05.24PM
Comments  |  Post Comment

Bank of Baroda (BoB), one of the leading public sector lenders, disclosed a substantial drop in standalone net profit for the quarter ended June 2017. During the quarter, the profit of the company declined 51.99% to Rs 2,033.90 million from Rs 4,236.20 million in the same quarter last year.

Interest earned for the quarter rose marginally 1.90% to Rs 121,039 million, compared with Rs 118,779 million for the prior year period.

Earnings per share for the quarter stood at Rs 0.88, registering 52.17% decline over previous year period.

Gross NPA and Net NPA stood at Rs 461.73 billion and Rs 195.19 billion respectively as on June 30, 2017.

Gross NPA and Net NPA ratios at 11.40% and 5.17% respectively as at June 30, 2017.

Provision Coverage Ratio (PCR) retained well above 65% and stood at 66.28% as on June 30, 2017. PCR excluding TWO improved consistently during the last 4 quarters and stood at 57.73% as on June 30, 2017.

The CRAR on standalone basis (Basel III) is 11.81% as at June 30, 2017. Out of this, the Tier 1 capital was 9.77% and CET 1 Capital was 8.83%.

Shares of the bank declined Rs 5.8, or 3.91%, to settle at Rs 142.55. The total volume of shares traded was 1,233,111 at the BSE (Friday).





Bank Of Baroda   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Tata Communications joins hands with The European Tour - 17-Nov-2017 10:27
Hinduja Ventures enters into agreements to hike stake in HLFL - 17-Nov-2017 10:23
Cipla receives final approval for generic Pulmicort Respules - 17-Nov-2017 10:16
Tata Power raises Rs 15 bn on private placement basis - 17-Nov-2017 10:09
Indian Navy signs contract with Tata Power for supply of PDDS - 17-Nov-2017 10:06
ICICI Bank, Paytm tie-up to offer short term instant digital credit - 17-Nov-2017 10:00
Wipro launches industry-specific solutions on SAP Leonardo - 17-Nov-2017 09:56
Infosys in collaboration with ATP launches Second Screen - 17-Nov-2017 09:52
Tata Motors joins hands with Energy Efficiencies Services - 16-Nov-2017 12:31
Ahluwalia Contracts bags orders worth Rs 3.11 bn - 16-Nov-2017 11:30
Suven Life Sciences secures product patents in HK, India and USA - 16-Nov-2017 11:27
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer