ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons
  • Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say
  • D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr
  • This Android malware switches off Wi-Fi and drain mobile wallet
  • North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'
Read in App
Business News » Companies News

Bank of Baroda narrows Q4 loss to Rs 991 crore, NPA provisions at over Rs 5,550 crore

For the whole year, standalone and consolidated profit stood at Rs 433 crore and Rs 1,100 crore, respectively. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Bank of Baroda narrows Q4 loss to Rs 991 crore, NPA provisions at over Rs 5,550 crore
Total income in the March quarter of 2018-19 rose to Rs 15,284.59 crore, against Rs 12,735.16 crore a year. Photo: PTI

State-owned Bank of Baroda Wednesday reported narrowing of its net loss to Rs 991 crore in the March 2019 quarter. The bank had posted a net loss of Rs 3,102.34 crore in the similar January-March period of fiscal 2017-18.

However, compared sequentially, there was a net profit of Rs 471.25 crore during the third quarter ended December 2018. "The bank recorded loss on a standalone basis of Rs 991 crore for fourth (quarter of) 2018-19 due to acceleration in provisions," it said in a regulatory filing.

For the whole year, standalone and consolidated profit stood at Rs 433 crore and Rs 1,100 crore, respectively. There were losses of Rs 2,431.81 crore and Rs 1,887.10 crore on standalone and consolidated basis in the year-ago period. Total income in the March quarter of 2018-19 rose to Rs 15,284.59 crore, against Rs 12,735.16 crore a year. For the entire year, standalone income was up by 11.4 per cent to Rs 56,065.10 crore and on the consolidated basis, it rose by 12.5 per cent to Rs 60,793.30 crore.

On the asset front, the bank's gross non-performing assets (NPAs) fell to 9.61 per cent of the gross advances at the end of March 2019, against 12.26 per cent by March 2018. Net NPAs were 3.33 per cent, down from 5.49 per cent. Absolute amount of net NPAs also declined by Rs 3,521 crore to Rs 15,609 crore, the lowest in eight quarters, the bank said.

The bank said it parked aside Rs 5,550.10 crore as provisioning towards bad loans and diminution value of all restructured accounts. In the year-ago period, such provisions had stood at Rs 7,052.53 crore. The bank's total business stood at Rs 11,07,509 crore as on March 31, 2019, up by 8.71 per cent from Rs 10,18,747 crore as on March 31, 2018.

Exposure in accounts under NCLT-1 list was Rs 3,908 crore and NCLT-2 list was Rs 3,831 crore as on March 31, 2019, Bank of Baroda said, adding the provision coverage under these list were 95.63 per cent and 84.11 per cent, respectively.
Shares of Bank of Baroda Wednesday rose 0.68 per cent to close at Rs 126.20 apiece on the BSE.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Bank of Baroda
Written By: PTI
Updated: Wed, May 22, 2019
07:16 pm
New Delhi, PTI
RELATED NEWS
Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst Sector Spotlight: PSU banks poised for upside; stocks to buy are SBI, Bank of Baroda, Canara Bank, says this analyst
Q4 Results 2022: Bank of Baroda, Emami, DB Corp, RattanIndia Power announce March quarter results; here are key highlights Q4 Results 2022: Bank of Baroda, Emami, DB Corp, RattanIndia Power announce March quarter results; here are key highlights
ICICI, BoB, BoI, Central Bank revise lending rates after RBI's repo rate hike ICICI, BoB, BoI, Central Bank revise lending rates after RBI's repo rate hike
Bank of Baroda car loan: BoB slashes interest rate; check new rate, how to apply and features of this loan Bank of Baroda car loan: BoB slashes interest rate; check new rate, how to apply and features of this loan
Bank of Baroda Home Loans Interest Rates: Slashed! Check what it is offering now - Latest news from BoB Bank of Baroda Home Loans Interest Rates: Slashed! Check what it is offering now - Latest news from BoB

LATEST NEWS

Q1FY23 Preview: Pharmaceutical firms likely to deliver subdued performance in domestic market, says Nirmal Bang -

Foreign portfolio investors' exodus continues for 9th month; withdraw Rs 50,203 cr from equity market in June - know reasons here

Windfall tax to recoup most of Rs 1 lakh cr revenue lost in excise cuts, industry sources say

North Korea says US, South Korea-Japan agreement materialises US plan for 'Asian NATO'

Commerce Minister looking to release new foreign trade policy before September, says official

D-Mart Q1 revenue jumps almost 2-fold to Rs 9,806.89 cr

AMC Sector: Growth-oriented funds lead the strong inflows, says BK Securities – check key triggers

Cigarette makers shifted to biodegradable overwrap on packets, well ahead of plastic ban

Maruti Suzuki looks to deploy strong hybrid tech across model range

Rakesh Jhunjhunwala Stocks: Agrochemical firm Rallis India shares may surge by 23% despite pressure on margins – Here’s why?

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV