Public sector lender, Bank of Baroda, disclosed a phenomenal rise in
standalone net profit for the quarter ended June 2009. During the quarter, the
profit of the company rose 84.81% to Rs 6,853.80 million from Rs 3,708.60 million
in the same quarter last year. Interest earned for the quarter rose 22.41% to Rs
40,321.10 million, while total income for the quarter rose 24.40% to Rs 47,351.50
million, when compared with the prior year period. During the Green Packers #52 Clay Matthews Jersey quarter, bank
reported earnings of Rs 18.82 a share, a rise of 84.87% over the prior year
period.
The Bank's Total Expenses grew moderately by 23.9% (y-o-y) to Rs 37,252.2
million in Q1, 2009-10. Whereas the growth Green Packers #52 Clay Matthews Jersey in Operating Expenses was just
16.7% (y-o-y), that in Staff Expenses was 13.7% during Q1, 2009-10. Provisions
and Contingencies (excluding tax provisions) made by the Bank sharply
declined by 117.7% in Q1, 2009-10 on account of substantial write-backs from
provisions on domestic and foreign investment books.
Gross NPA of the Bank declined to Rs 2,068.15 crore as on June 30, 2009 from Rs
2,091.06 crore as on
stands at 1.44% as on 30th June, 2009. The Net NPA (%) too declined from 0.52%
at end-June 2008 to 0.27% at end-June 2009. The Bank's Loan Loss Coverage
Ratio stood at the healthy level of 81.70% as on 30th June, 2009.
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