Bank of Baroda (BOB) on Thursday reported a net profit of Rs.1,168.10 crore for the second quarter ended September 30, 2013, a decline of 10.2 per cent compared to Rs.1,301.39 crore in the corresponding period of previous year.

The net profit has declined “as the intensity of the economic slowdown and market volatility increased significantly during this period,” said S.S. Mundra, Chairman & Managing Director, Bank of Baroda. For the first six months of current fiscal, the bank recorded a net profit of Rs. 2,335.97 crore which was down by 4.27 per cent compared to Rs. 2,440.25 crore in the same period of the previous year. The net interest income (NII) of the bank has increased marginally by 1.14 per cent to Rs. 2,894.79 crore from Rs. 2,862.30 crore.

Total global business increased by 17.8 per cent to Rs. 8,24,786 crore in the first half of current fiscal from Rs.7,00,330 crore the corresponding period of previous year. While total deposits increased by 18.8 per cent to Rs. 4,84,931 crore as at end-September, 2013 from Rs. 4,08,150 crore as at end-September 2012, total advances increased by 16.3 per cent to Rs. 3,39,855 crore from Rs. 2,92,181 crore.

Gross NPA of the bank was at 3.15 per cent and the net NPA was at 1.86 per cent at end-September 2013.

Bank of India

Bank of India reported a two-fold jump in its net profit at Rs 621.77 crore in the second quarter against Rs 301.85 crore in the same period in 2012-13. Total income in the second quarter of 2013-14 rose to Rs. 10,339.55 crore from Rs 8,899.55 crore in the year-ago period. As of September 30, 2013gross non-performing assets (NPAs) declined to 2.93 per cent of gross advances, from 3.42 per cent in the year-ago period. It’s net non-performing assets rose from 1.85 per cent to 2.04 per cent.

Union Bank of India

Union Bank of India today reported a 62.5 per cent decline in net profit to Rs. 208.12 crore for the July-September quarter of 2013-14 fiscal. It had posted net profit of Rs. 554.56 crore for the same period of last fiscal, 2012-13. However, the total income in the second quarter increased to Rs. 7,882.29 crore, from Rs. 6,655.66 crore in the year-ago period. As on September 30, 2013, gross non-performing assets (NPAs) of the bank was 3.64 per cent of gross advances, as against 3.66 per cent year a year ago.

Its net non-performing assets rose from 2.15 per cent from 2.06 per cent.

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