Bank of Baroda’s new branch in Behala
Bank of Baroda has opened a new branch in Shakuntala Park on the auspicious occasion of Bank’s 117th Foundation Day, reaffirming its commitment to customer service and accessibility.
Bank of Baroda shares spiked on Monday over 5 per cent on the back of a 73.2 per cent jump in its September-quarter net profit.
The scrip jumped 5.43 per cent to Rs 98.90 on the BSE and climbed 5.43 per cent to Rs 98.90 on NSE.
The bank had posted a net profit of Rs 425.38 crore in the corresponding quarter of the previous financial year. Its total income rose to Rs 22,097.91 crore for the second quarter of 2019-20, compared with Rs 13,429.95 crore a year ago, the bank said in a regulatory filing.
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The lender improved on its bad assets, with gross non-performing assets (NPAs) coming down to 10.25 per cent (Rs 69,968.95 crore) of the gross advances by the end of September 2019, compared with 11.78 per cent (Rs 55,121.37 crore) in the year-ago period.
(With input from agencies)
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