Bank of Baroda, on Monday, reported a standalone net profit of Rs.1,028.85 crore for the fourth quarter ended March 31, 2013, down from Rs.1,518.18 crore during the same quarter of the previous fiscal. This represents a fall of 32.2 per cent.
Total income rose to Rs.10,262.50 crore from Rs.9,016.31 crore.
For the year ended March 31, 2013, the bank posted a net profit of Rs.4,480.72 crore, down from Rs.5,006.96 crore in 2011-12. Total income increased to Rs.38,827.28 crore from Rs.33,096.05 crore.
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On a cosolidated basis, the group posted a net profit of Rs.4,804.23 crore for the year ended March 31, 2013, as compared to Rs.5,248.57 crore.
Total income ncreased to Rs.40,952.68 crore from Rs.34,588.91 crore.
The net non-performing assets (NPAs) or bad loans of the bank during the quarter under review rose to 1.28 per cent from 0.54 per cent a year earlier. Gross NPAs also moved up to 2.40 per cent from 1.53 per cent year ago.
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Bank of India
Bank of India reported a 20.6 per cent drop in its net profit at Rs.756.57 crore for the fourth quarter ended March 31, 2013, against Rs.952.73 crore in the corresponding period in the previous year.
Total income increased to Rs.9,265.55 crore from Rs.8,777.73 crore.
For the 12 months ended March 31, 2013, the bank reported a net profit of Rs.2,749.35 crore against Rs.2,677.52 crore in the year-ago period, a growth of 2.69 per cent. Total income increased to Rs.35,674.96 crore from Rs.31,801.84 crore.
On a consolidated basis, for the full fiscal ended March 31, 2013, BoI reported a 3.48 per cent growth in its net profit at Rs.2,819.90 crore against Rs.2,724.86 crore in 2011-12.