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24 August, 2017 01:08 IST
Bank of Baroda quarterly earnings plunge 52%
Source: IRIS | 11 Aug, 2017, 05.24PM
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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)*

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