NEW DELHI: Public lender Bank of Baroda on Friday reported a standalone loss of Rs 1,407 crore for December quarter, as total provisions jumped 54 per cent to Rs 6,365 crore. The bank had posted a profit of Rs 436 crore in the year-ago period.Fresh slippages came in at Rs 10,387 crore for the quarter.However, led by 8.8 per cent increase in CASA deposits, net interest income (NII) grew 9 per cent to Rs 7,128 crore. Absolute gross NPA came in at Rs 73,140 crore. Net NPA ratio also fell to 4.05 per cent from 4.79 per cent.The bank’s domestic CASA deposits registered a growth of 8.81 per cent on a yearly basis. Share of CASA deposits to the total domestic deposits improved to 38.8 per cent as on December 31 from 36.2 per cent.The bank’s standalone operating profit came in at Rs 4,958 crore, an increase of 8.5 per cent.

Source: Economic Times January 24, 2020 13:11 UTC