Bank of Baroda net profit rises by 343.54%; provisions for bad loans decline
Gross non-performing assets (GNPA) got nearly doubled this quarter in comparison with previous year same period. GNPA stood at 11.35% this period, expanding by 579 basis points yoy and 20 basis points.
Surprisingly, provisions for badloans stood at Rs 1630.45 crore, which saw decline of 11.57% year-on-year (yoy) and 17.92% quarter-on-quarter (qoq). Photo: Reuters