Bank of Baroda , second largest public sector bank by market cap, has reported a net profit of Rs 1,290 crore in the quarter ended December FY12, a growth of 21% as compared to Rs 1,069 crore in a year ago quarter.
Other income came in at Rs 1,149 crore, showing 70% jump as compared to Rs 676 crore year-on-year.
Net interest income went up 15.9% to Rs 2,656 crore in the October-December quarter of FY12 versus Rs 2,292 crore in the corresponding quarter of last fiscal.
Gross non-performing assets (NPAs) increased at 1.48% as against 1.41% in the previous quarter.
The bank made total provisions of Rs 836 crore in the third quarter of FY12, a massive jump of 175% over Rs 304 crore in a year ago quarter.
Source: www.moneycontrol.com
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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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