In December, the bank posted a loss of Rs 3,342.04 crore which is the highest quarterly loss by a bank. The bank posted a loss of Rs 3,230 crore for the March quarter due to rise in NPAs. Bank of Baroda stock fell over 7% in early trade after the bank reported a loss of Rs 3,230.14 crore for the January-March quarter due to heavy provisions for bad assets. It's total income rose to Rs 12,789 crore in the March quarter from Rs 12,057 crore in the year-ago period. There was a write-back of Rs 1,055 crore which seems to have helped limit the losses for the bank.

Source: dna May 15, 2016 23:22 UTC