For Q3 FY’ 16-17, Net Profit of Rs 625 Crore Likely to be posted by Bank of Baroda

Business News
(Last Updated On: February 10, 2017)

According to a poll by ET Now, Bank of Baroda is expected to report the results for the quarter that ended on December on Friday, may post an overall profit of Rs 625 crore.

In the corresponding quarter last year, government owned BoB (Bank of Baroda) posted a net loss of Rs 3,342 crore. The NII (net interest income) is expected to increase by twenty four percent on a year-on-year basis to Rs 3,354 crore when compared with corresponding quarter’s NII of Rs 2,705 crore.

Also, profits before deduction of provision or pre provision profit (PPP) is anticipated to increase by 46.3% year-on-year basis. The pre provision profit is expected to have increased by near about 46.3 percent to Rs 2,493 crore as compared to previous year’s third quarter of Rs 1,704 crore.

There is the probability of a sequential dip in NIMs (net interest margins).

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