Thursday, 11 August 2016

BoB Q1 profit sinks 60%

Bank of Baroda has announced Unaudited Standalone results for April-June 2016 quarter. It's profit declined 59.6% year-on-year to Rs 423.6 crore.

Net interest income declined 2.6% to Rs 3371 from Rs 3459.6 on yearly basis while deposits slipped 5.2% to Rs 5.6 lakh crore compared with the last year.

The Bank's International Business continues ti occupy a significant position with a contribution of 30% to Bank's total business.

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