Bank Of Baroda Q2 Net Soars 73% To ₹737 Cr
Money & Banking
State-owned lender Bank of Baroda posted a 73.2 per cent jump in its July-September quarter net profit at ₹736.68 crore from ₹425.38 crore a year ago. The bank’s total income rose to ₹22,097.91 crore for the second quarter of FY20, compared to ₹13,429.95 crore last year.
The lender’s gross non-performing assets (NPAs) reduced to 10.25 per cent (₹69,968.95 crore) of the gross advances by the end of September 2019, compared with 11.78 per cent (₹55,121.37 crore) in the year-ago period.
Net NPAs fell to 3.91 per cent (₹24,894.38 crore) from 4.86 per cent (₹21,059.22 crore) during the September quarter.
Shares of Bank of Baroda closed at ₹93.80 a share on Friday, down 2.39 per cent from the previous close on BSE.
Published on
November 08, 2019
State-owned lender Bank of Baroda posted a 73.2 per cent jump in its July-September quarter net profit at ₹736.68 crore from ₹425.38 crore a year ago. The bank’s total income rose to ₹22,097.91 crore for the second quarter of FY20, compared to ₹13,429.95 crore last year.
The lender’s gross non-performing assets (NPAs) reduced to 10.25 per cent (₹69,968.95 crore) of the gross advances by the end of September 2019, compared with 11.78 per cent (₹55,121.37 crore) in the year-ago period.
Net NPAs fell to 3.91 per cent (₹24,894.38 crore) from 4.86 per cent (₹21,059.22 crore) during the September quarter.
Shares of Bank of Baroda closed at ₹93.80 a share on Friday, down 2.39 per cent from the previous close on BSE.
Published on
Former Army Maj. Gen. John B. Richardson IV Joins USAA To Lead Military Affairs
Two-star general and decorated combat veteran to bring forward-looking vision in continued service to military members a... Read more
Steeped In Tradition: USAA Kicks Off 124th Army-Navy Game Celebrations In A Massive Way, Honoring 250th Anniversary Of The Boston Tea Party
USAA honors history of rivalry game and the city, bringing giant bag of tea to Boston’s historic sites Read more
USAA Life Insurance Announces New Relationship With Trust & Will
USAA Life Insurance Company, a leading financial services brand for military members and their families, and Trust &... Read more
“Go Beyond Thanks:” New Survey Reveals We Should Do More Than Simply Thank Our Veterans For Their Service
Data Reveals Half of Military/Veterans Surveyed Feel Uncomfortable or Awkward When Someone Says the Phrase “Thank You ... Read more
USAA Expanding Education Program To Include Tuition-Free Support For Employees And Employee Dependents
Company also announces student loan 401(k) contribution match up to 8% Read more
USAA Life Insurance Company Introduces Fixed Indexed Annuity
New product provides tax-deferred growth along with principal protection to help build retirement savings. Read more