Bank of Baroda posts record Rs.3,342.04 crore loss in Q3

Mumbai, Feb 13 (IANS) Public sector lender Bank of Baroda on Saturday said it posted a net loss of Rs.3,342.04 crore for the quarter ending December 31, 2015 against a net profit of Rs.333.98 crore posted in the same period of the last fiscal.

According to the unaudited financial results posted on the Bombay Stock Exchange (BSE), the bank’s total income in the quarter was Rs.11,726.95 crore as against Rs.11,808.34 crore in the same quarter of 2014-15, and expenses rose to Rs.10,022.81 crore from Rs.9,469.3 crore.

However, its provisioning for non-performing assets (NPAs) escalated five-fold to Rs.6,474.14 crore against Rs.1,149.82 crore in the same quarter of 2014-15.

At the end of quarter under review, gross NPA stood at 9.68 percent and net NPA at 5.67 percent.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of or any employee thereof. is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here