State-owned Bank of Baroda has announced its results for the quarter ended September 2010. It has reported net profit at Rs 1019.3 crore in Q2FY11 as against Rs 634.18 crore (cr), a growth of 60.73% (YoY).
Net interest income (NII) rose 46.78% to Rs 2038.14 crore from Rs 1388.6 crore. Numbers were were better-than-expectations; CNBC-TV18 expected net profit at Rs 843.77 crore and NII at Rs 1909.37 crore.
Other income increased to Rs 681.3 crore from Rs 595.33 crore and provisions also jumped to Rs 185.9 crore from Rs 116.33 crore.
Adavnce growth in Q2FY11 stood at 29.5% while deposits growth at 30%. Gross non-performing assets (NPA) increased to Rs 2719.85 crore in September 2010 versus Rs 2657.4 crore as on June 2010.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
No comments:
Post a Comment