Bank of Baroda reports decent numbers; declares Rs 17/share dividend

Bank of Baroda has reported a decent growth in net profits for the quarter ending March 31, 2012. The net profit has come in at of Rs 15181.80 million for the quarter ended March 31, 2012 as compared to Rs 12943.50 million for the quarter ended March 31, 2011.

Total Income has increased from Rs 71686.50 million for the quarter ended March 31, 2011 to Rs 90163.10 million for the quarter ended March 31, 2012.

The Bank has posted a net profit of Rs 50069.60 million for the entire year ended March 31, 2012 as compared to Rs 42416.80 million for the year ended March 31, 2011. Total Income has increased from Rs 246951.00 million for the year ended March 31, 2011 to Rs 330960.50 million for the year ended March 31, 2012.

The Board of Directors of the bank have recommended a dividend of Rs 17/share. The shares of Bank of Baroda was trading flat at Rs 725.

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