Earnings News

BOB FY12 Group Profit Up By 18%

Bank of Baroda or BOB reported fiscal year consolidated net profit, after minority interest and share of earnings in associates, of Rs.5,248.57 crore, up by 18 percent from the Rs.4,433.71 crore last year.

Net interest income for the year stood at Rs.10,764.15 crore, compared with Rs.9,163.71 crore in 2011, an increase of 17 percent, while non-interest income rose by 25 percent to Rs.4,100.42 crore from the Rs.3,287.10 crore a year-ago.

Total income for the year increased by 34 percent to Rs.34,588.91 crore from Rs.25,800.41 crore in 2011.

Income for the year from 'Domestic' segment was Rs.30,048.39 crore, up by 33 percent than the Rs.22,550.54 crore in 2011, while that from 'International' stood at Rs.4,540.52 crore, compared with Rs.3,249.87 crore last year, an increase of 40 percent.

As at the end of March this year, total deposits stood at Rs.392,616 crore, up by 26 percent from the Rs.311,603 crore last year, while loans and advances grew by 26 percent to Rs.292,077 crore from the Rs.232,085 crore a year-ago.

At the BSE, Bank of Baroda closed Tuesday's trading at Rs.634.05, up 1.46 percent from the previous close.

by RTTNews Staff Writer

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