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Bank of Baroda reports 20% rise in Q2 net profit

Bank of Baroda has reported results for second quarter ended September 30, 2018.

The Bank has reported 19.70% rise in its net profit at Rs 425.38 crore for the quarter under review as compared to Rs 355.36 crore for the same quarter in the previous year. Total income of the Bank increased by 7.52% at Rs 13,429.95 crore for Q2FY19 as compared Rs 12,490.39 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 11.78%, as compared to 11.16% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.86% in Q2FY19.

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