Financial institution of Baroda shares shut practically 4% decrease after fourth quarter web loss
Shares of Financial institution of Baroda on Monday declined practically Four per cent after the corporate reported a standalone web lack of Rs 1,047 crore within the quarter ended March 31, 2021.
It dipped 5.60 per cent to Rs 79.15 through the day on the BSE. It closed at Rs 80.70, decrease by 3.76 per cent.
The inventory declined 3.81 per cent to shut at Rs 80.65 on the NSE.
On traded quantity phrases, 70.41 lakh shares have been traded on the BSE and over 12.99 crore models on the NSE through the day.
State-run Financial institution of Baroda reported a standalone web lack of Rs 1,047 crore within the quarter ended March 2021, because it shifted to a brand new tax regime.
The lender had reported a standalone profit-after-tax of Rs 507 crore within the year-ago interval.
For the complete yr, web revenue grew 52 per cent to Rs 829 crore, from Rs 546 crore within the monetary yr 2019-20.
The Gross NPA ratio fell to eight.87 per cent as in opposition to 9.40 per cent and the web NPA ratio to three.09 per cent from 3.13 per cent.
(Solely the headline and film of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)
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