Mumbai: Public sector bank company Bank of Baroda has made an integrated net profit of Rs 826.13 crore in the first quarter ended June of the current fiscal. This is the first financial result since the merger of Dena Bank and Vijaya Bank. In the same quarter a year ago, the bank had made an integrated net profit of Rs 645.71 crore.
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In a communication to the stock exchanges, the bank said its total earnings during the quarter were Rs 22,056.95 crore, up from Rs 13,729.50 crore in the same quarter of the previous fiscal. The bank's net profit on a single basis during the quarter was Rs 709.87 crore. This was Rs 528.26 crore in the same quarter of the previous financial year.
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The bank's earnings in the quarter under review were Rs 20,860.90 crore on a single basis, up from Rs 12,787.71 crore in the same quarter of the previous fiscal. The bank said that the June quarter results cannot be compared to the same quarter of the previous fiscal due to the merger of other banks.
The gross non-performing assets (NPA) of the bank during the quarter on a single basis was 10.28% of the total debt. It was 12.46 % in the same quarter a year ago. Similarly, the bank's net NPA stood at 3.95%, up from 5.40% in the same quarter of the previous fiscal. On an integrated basis, the bank has not provided NPA data. The Sensex at the Bombay Stock Exchange closed at 109.55 rupees, down 0.68 %on Thursday.