Mumbai: Bank of Baroda on Friday posted net loss of ₹ 1, 539 crore for the quarter ended (December, on the back of higher provisioning.
The state-owned lender posted net profit of ₹ 613 crore in the year-ago period. A Bloomberg poll of analysts had estimated a net profit of ₹ .4 crore.
Provisions during the quarter increased 2018 % to ₹ 3 , (crore as against ₹ 2, . crore in the same period a year ago. In the July-September quarter, the bank had set aside ₹ 2, 728. 69 crore for provisions.
Net interest income, or the difference between interest earned on loans and that paid on deposits, increased 9. 12% to ₹ 7, 211 crore from ₹ 6, 613 crore in the corresponding period last year.
Fresh slippage for the quarter was at ₹ 19, 539 crore.
Other income, which includes core fee income, rose 2018 (% to ₹ 1, 407 crore in the three months from ₹ 866 crore a year ago.
Net interest margin improved by (bps to 2.8% in December quarter from 2.) (% in December) .
Domestic deposits stood at ₹ 7. (trillion as on) (December, (up by 1.3% from ₹ 7.) (trillion as on December) ,
Gross NPA (GNPA) was ₹ , (crore as on) (December, compared to ₹ 79, 2018 crore as on September, 01575879. GNPA ratio is at . (% compared with) 866 (% as on) (December, .
Gross non-performing assets (NPAs), as a percentage of total advances, were at 45% in the December quarter compared with 18 (% in the September quarter and 539 % in the year-ago December quarter.
Post-provision, the net NPA ratio was at 4. (% against 3.) (% in the July-September quarter and 4.) % in the year-ago quarter .
Provision coverage ratio (PCR) excluding TWO increased to 2018 (% as on) (December, (compared with) 2018 % as on December , .
Capital Adequacy Ratio (CAR) and CET-1 at . % and 9. % versus 866 (% and 9.) (% as on September) , . Consolidated CAR and CET -1 in December 11579872459268 at 25. (% and 728 % respectively.
Domestic advances stood at ₹ 5. (trillion as on
(December, 01575879 up by 0. (% from ₹) (5.) (trillion as on 866 (December, .
On Friday, shares of the bank gained 0. 85% to close at ₹ 2018 (apiece, while the benchmark Sensex index gained 0.) (% to close at 043, 01575879 points.
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