The bank said its net interest income (NII) during Q4FY20 increased to Rs 6,798 crore, an increase of 5 per cent on a YoY basis, led by decline in interest expense.
Its operating profit Q4FY20 came in at Rs 5,121 crore, an increase of 47.89 per cent due to 23.21 per cent decline in operating expenses, as Q4FY19 included amalgamation related one-off items.
Its gross NPA ratio fell to 9.40 per cent as on March 31, 2020 against 10.43 per cent as on December 31, 2019 and 10.02 per cent as on March 31, 2019.
The bank’s net NPA ratio dropped to 3.13 per cent as against 4.05 per cent as on December 31, 2019, and 3.65 per cent as on March 31, 2019.
Its slippage ratio fell to 2.97 per cent in FY20 compared with 4.34 per cent in FY19. Credit cost declined to 1.82 per cent in Q4FY20 compared with 3.88 per cent in Q3FY20.
Bank of Baroda’s gross NPA (GNPA) is Rs 69,381 crore as on March 31, 2020, compared to Rs 73,140 crore as on December 31, 2019.
Fresh slippage for the quarter was at Rs 3,050 crore. Provision for NPAs was at Rs 3,190 crore for the quarter.
Capital adequacy ratio of the bank stood at 13.30 per cent and CET-1 at 9.44 per cent as on March 31.
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