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Bank Of Baroda Slips Over 3% On Posting Loss In March Quarter

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At 11:50 am, Bank of Baroda shares were trading lower by 3.1 percent on the BSEBank of Baroda shares slipped more than 3 per cent on the bourses after the state-owned bank reported a net loss in the quarter ended March 2021.

Bank of Baroda reported a bottom line of Rs 1,046 crore in the March 2021 quarter as versus a revenue of Rs 506.6 crore in the very same quarter last year.

At 11:50 am, Bank of Baroda shares were trading at Rs 81.25, lower by 3.1 percent, on the BSE.The bank's net interest income i.e.

distinction between interest made and interest used up increased 4.5 per cent to Rs 7,107 crore in the quarter under consideration compared to Rs 6,798.2 crore in the year-ago period.Provisioning for bad loans skyrocketed 44 percent to Rs 4,593 crore as against Rs 3,191 crore in the year-ago period.The BSE Sensex and NSE Nifty were trading with gains of 0.6 per cent at the time.




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