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Bank of Baroda’s net loss narrows to Rs 991 crore in Q4

Bank of Baroda has reported results for the fourth quarter and year ended March 31, 2019.

The Bank has reported a net loss of Rs 991.37 crore for the quarter ended March 31, 2019, as compared to net loss of Rs 3,102.34 crore for the same quarter in the previous year. However, total income of the Bank increased by 20.02% at Rs 15,284.59 crore for the quarter under review as compared Rs 12,735.16 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the Bank has posted a net profit of Rs 433.52 crore against net loss of Rs 2,431.81 crore for the same period in the previous year. However, total income of Bank increased 11.45% at Rs 56,065.10 crore for year under review as compared to Rs 50,305.69 crore for the period ended March 31, 2018.

For the year ended March 31, 2019, the Bank has reported a net profit of Rs 1,100.10 crore against net loss of Rs 1,887.10 crore for the previous year. However, total income of the Bank increased by 12.48% at Rs 60,793.30 crore for year under review as compared to Rs 54,048.63 crore for year ended March 31, 2018.



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