Bank of Baroda extends fall on rising NPA

BSE 23 May 12 | 12:00 AM

657.20		-13.2 (-1.97%)
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Code: 532134

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NSE 23 May 12 | 12:00 AM

657.15		-13.4 (-2%)
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Code: BANKBARODA

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Bank of Baroda extends fall on rising NPA

SI Reporter / Mumbai 27 Jan 12 | 12:18 PM

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Bank of Baroda is trading lower by 4% at Rs 759, extending its Wednesday’s over 1% fall after the bank said that its net non-performing assets (NPAs) rose to 0.51% in December from 0.36% on year ago. The bank had NPA at 0.47% of loans disbursed at the end of September.

India’s third-largest public sector bank has reported 20.7% year-on-year (y-o-y) growth in net profit at Rs 1,290 crore, backed by a 39% rise in total income at Rs 8,821 crore during the recently concluded quarter.

Net interest margin (NIM), a key gauge of profitability, was at 3.51%, narrower than 3.82% in the year earlier due to higher provisioning. Provisions rose 175% to Rs 837 crore in December quarter.

A combined 683,384 shares have changed hands on the counter so far on the NSE and BSE.