Bank of Baroda's Q4 gross non performing asset (NPA) stood at 2.94 percent in Q4 versus 3.32 percent, on a quarter-on-quarter (Q-o-Q) basis. Net NPAs were at 1.52 percent as against 1.88 percent (Q-o-Q).
Sale of NPAs in Q4 was at Rs 374 crore
SS Mundra
CMD
Bank of Baroda
Public sector lender Bank of Baroda 's Q4 net profit rose to Rs 1,157 crore versus Rs 1,029 crore reported in the same quarter a year earlier. Net interest income also increased to Rs 3,124.3 crore as against Rs 2,841 crore on a year-on-year (Y-o-Y) basis.
In an interview to CNBC-TV18, CMD SS Mundra said that bank's asset quality improvement has been in-line with the guidance. Its gross non performing asset (NPA) stood at 2.94 percent in Q4 versus 3.32 percent, on a quarter-on-quarter (Q-o-Q) basis. Net NPAs were at 1.52 percent as against 1.88 percent (Q-o-Q).
He further added that bank's restructured pipeline stood at Rs 1,300-1,400 crore. Fresh restructuring was to the tune of Rs 1,157 crore versus Rs 1,213 crore (Q-o-Q).
At 14:07 hrs share of Bank of Baroda was quoting at Rs 875.90, up Rs 36.55, or 4.35 percent.
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