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Bank of Baroda Q4 net loss comes in at Rs.3,102 crore

Bank of Baroda has posted a net loss of Rs.3,102.34 crore, for the quarter ended March 31,2018.

The bank in the corresponding quarter last year, had posted a net profit of Rs.155 crore. Provisions for NPA for the quarter rose by 190% YoY to Rs.7,052.53 crore, in the quarter under review.

Net interest margin declined to 2.61% in Q4 from 2.97% in December quarter and 2.50% as on March end 2017. Net interest income increased 12% to Rs.4,002.26 crore, from Rs.3,582 crore. Further, overall provisions rose 154% YoY to Rs.6,672.38 crore.

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