Bank of Baroda Q2 net up 61 pc to Rs 1,019 cr | india | Hindustan Times
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Bank of Baroda Q2 net up 61 pc to Rs 1,019 cr

india Updated: Oct 28, 2010 14:58 IST
Bank of Baroda

State-owned Bank of Baroda (BoB)today reported a 60.7 per cent jump in net profit at Rs 1,019.3 crore for the second quarter ended September 30, 2010.

It had a net profit of Rs 634.2 crore in the same quarter last fiscal, the bank said in a filing to the Bombay Stock Exchange (BSE).

The lender also reported an increase of 23.4 per cent in total income for the quarter at Rs 5,839.9 crore, against Rs 4,730.7 crore in the year-ago period.

Further, the bank earned an interest of Rs 5,158.6 crore during the quarter, compared to Rs 4,135.4 crore during the corresponding period last fiscal.

During the six months ended September 30, the bank clocked a 38 per cent rise in net profit to Rs 1,878.1 crore, compared to Rs 1,319.5 crore in the same period a year ago.

The bank reported a total income of Rs 11,184.1 crore in the first six months, compared to Rs 9,465.9 crore in the previous financial year.

Shares of BoB were trading at Rs 1,039 on the BSE, up 4.92 per cent from the previous close.