Bank of Baroda posted a profit of Rs 155 crore in the year-ago period.
Bank of Baroda Ltd on Friday reported a net loss of Rs 3,102 crore ($457.62 million) for the fourth quarter as India's third-largest state-run lender booked higher provisions for bad loans.That compared with a profit of Rs 155 crore in the year-ago period and an average estimate of Rs 5.72 crore loss in a Thomson Reuters poll of 15 analysts.Gross bad loans as a percentage of total loans stood at 12.26 per cent at end-March, compared with 11.31 per cent in the previous quarter and 10.46 per cent a year ago.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)