At 11:50 am, Bank of Baroda shares had been buying and selling decrease by 3.1 per cent on the BSE
Bank of Baroda shares slipped greater than 3 per cent on the bourses after the state-owned financial institution reported a internet loss within the quarter ended March 2021. Bank of Baroda reported a internet lack of Rs 1,046 crore within the March 2021 quarter as in opposition to a revenue of Rs 506.6 crore in the identical quarter final yr. At 11:50 am, Bank of Baroda shares had been buying and selling at Rs 81.25, decrease by 3.1 per cent, on the BSE.
The financial institution’s internet curiosity earnings i.e. distinction between curiosity earned and curiosity expended elevated 4.5 per cent to Rs 7,107 crore within the quarter into account in comparison with Rs 6,798.2 crore within the year-ago interval.
Provisioning for dangerous loans soared 44 per cent to Rs 4,593 crore as in opposition to Rs 3,191 crore within the year-ago interval.
The BSE Sensex and NSE Nifty had been buying and selling with good points of 0.6 per cent on the time.
