{"id":176312,"date":"2018-07-29T00:00:00","date_gmt":"2018-07-29T00:00:00","guid":{"rendered":"http:\/\/151.106.38.4\/2018\/07\/29\/bob-net-rises-160-on-net-interest-income\/"},"modified":"2018-07-29T00:00:00","modified_gmt":"2018-07-29T00:00:00","slug":"bob-net-rises-160-on-net-interest-income","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2018\/07\/29\/bob-net-rises-160-on-net-interest-income\/","title":{"rendered":"BoB net rises 160% on net interest income"},"content":{"rendered":"

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 State-run lender Bank of Baroda posted 160% increase in net profit to Rs.528.26 crore for the quarter ended June 30 as compared with Rs.203.26 crore in the year-earlier period. The rise in profit was driven by 28.7% growth in net interest income to Rs.4,381 crore. The bank had reported a net loss of Rs.3,102.34 crore in the January-March quarter. Credit growth year-on-year grew 19.84% while retail loan growth was 33.9%. Within retail loans, home loans grew 43.47%. Net interest margin (NIM) improved to 2.7% from 2.5%. Core fee income rose 16.7% to Rs.794 crore. Provision for bad loans came down to Rs.1,759.72 crore from Rs.2,156.69 crore. Gross NPAs as at June end was 12.5% on gross advances compared with 11.4%. Overall provisions and contingencies also reduced to Rs.2,165.64 crore from Rs.2,368.05 crore.<\/p>\n

“During the quarter, the bank has made provision of Rs.522.43 crore in respect of 26 borrower accounts under the provisions of Insolvency and Bankruptcy Code (IBC) and RBI directions. <\/div>\n
The total provision made on these accounts is Rs.831.80 crore,” the bank said.<\/div>\n","protected":false},"excerpt":{"rendered":"

BoB net rises 160% on net interest income<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-176312","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/176312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=176312"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/176312\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=176312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=176312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=176312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}