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On Thursday, the Bank of Baroda has posted a 60 percent decline in its standalone net profit at Rs 423.62 crore for the first quarter ended June 2016.
The bank, during the corresponding quarter of previous year, had posted a net profit of Rs 1,052.15 crore on standalone basis.
It has said in a regulatory filing that “The total income decreased to Rs 11,877.91 crore for the quarter ended June 2016 from Rs 12,243.720 crore in the quarter ended June 30, 2015.”
According to the bank it made a profit of Rs 424 crore while moving from a loss position in the previous two quarters.
