Bank of Baroda turned around in the fourth quarter ended March 31, 2017, logging a net profit of Rs 155 crore compared with a net loss of Rs3,230 crore in the year-ago period.
The relatively lower burden of loan-loss provisioning coupled with lower total expenses in the reporting quarter vis-a-vis the year-ago period supported the bottom line.
For the full year ended March 31, 2017, too, the public sector bank was back in the black, reporting a net profit of Rs 1,383 crore against a net loss of Rs 5,396 crore.
Readers' Choice
The Bengal Fracture: How BJP Scripts Making Mamata Politically Redundant
FIR lodged against ex-Rera chief Baldi on former CS Gupta’s complaint
L K Atheeq appointed Financial Advisor to Karnataka CM; T G Nath Add CS
Former Himachal Pradesh CS Appointed Chairperson of PSERC
K K Pant gets additional charge of Himachal Chief Secretary
BoB turns around
By IndianMandarins - 2017-05-19 11:00:08
Bank of Baroda turned around in the fourth quarter ended March 31, 2017, logging a net profit of Rs 155 crore compared with a net loss of Rs3,230 crore in the year-ago period.
The relatively lower burden of loan-loss provisioning coupled with lower total expenses in the reporting quarter vis-a-vis the year-ago period supported the bottom line.
For the full year ended March 31, 2017, too, the public sector bank was back in the black, reporting a net profit of Rs 1,383 crore against a net loss of Rs 5,396 crore.
