Bank of Baroda Q4 net up 43% at Rs 1,294 cr

Mumbai: Public sector Bank of Baroda recorded 43 per cent rise in net profit at Rs 1,294.3 crore for the fourth quarter ended March 31, 2011.

The bank had a net profit of Rs 906.2 crore in the same quarter in the previous fiscal, BoB informed the Bombay Stock Exchange.

Total income rose to Rs 7,168.6 crore for the quarter ended March 31, 2010, from Rs 5120.7 crore in the same period last fiscal.

Interest Income improved to Rs 6334.10 crore against Rs 4353.8 crore in the same quarter a year ago.

The board proposed a dividend of Rs 16.50 per equity share on face value of Rs 10 per share for the financial year 2010-2011.

For the year ended March 31, 2010, the bank posted a net profit of Rs 4241.6 crore against Rs 3058.3 crore in the previous fiscal, registering an increase of 38.6 per cent.

Total income increased to Rs 24,695.10 crore during the year, compared to Rs 19423.2 crore in the previous fiscal.

Source: Financial Express