Mumbai: State-run lender Bank of Baroda on Thursday reported a consolidated net profit of Rs 710 crore for the first quarter of 2019-20, against a net loss of Rs 49 crore in the corresponding period of the previous financial year.The bank's net interest income grew by 2.61 per cent to Rs 6,496 crore during the quarter ended June 30, 2019, compared to Rs 6,331 crore in the corresponding period of the previous fiscal.
As per the bank, fresh slippage for the quarter stood at Rs 5,583 crore with the bank making provision of Rs 3,168 crore for the quarter.
"Gross NPA (GNPA) was Rs 69,714 crore as on June 30, 2019 compared to Rs 69,924 crore as on March 31, 2019. GNPA ratio increased to 10.28 per cent from 10.02 per cent as on March 31, 2019," the bank said in a statement.
"Net NPA ratio declined to 3.95 per cent as on June 30, 2019 from 3.65 per cent as on March 31, 2019."
from Sify.com
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