Bank of Baroda stock rises 2% as asset quality improves in Q2

India Infoline News Service | Mumbai | November 15, 2017 11:39 IST

The asset quality for the quarter showed steady performance. The GNPA’s for the quarter rose by 8% yoy to Rs 46,306 crore.

Bank Of Baroda
Bank of Baroda is currently trading at Rs 177.85, up by Rs 3.45 or 1.98% from its previous closing of Rs 174.4 on the BSE after the bank's asset quality improved in Jul-Sep.

The asset quality for the quarter showed steady performance. The GNPA’s for the quarter rose by 8% yoy to Rs 46,306 crore. The GNPA’s as percentage to total advances declined by 19 bps to 11.16% vs 11.35% in Q2FY17. The NNPA also declined by 41 bps to 5.05% vs 5.46% in previous year corresponding quarter.

The NII for the quarter was saw 8.6% yoy increase to Rs 3,720 crore  vs Rs 3,426 crore in Q2FY17. This was largely due to 2.6% yoy increase in interest income to Rs 10,753 crore. While, interest expended remained flat.

Further advances and deposits grew by 9% & 3% yoy to Rs 38,7301 crore & Rs 58,3212 crore respectively.

The scrip opened at Rs 177.35 and has touched a high and low of Rs 180.9 and Rs 169.45 respectively.

***Note: This is a NSE Chart

 

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