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Bob Shares Closes Over 10% Lower on Muted Earnings
The New Indian Express Nagapattinam
|May 07, 2025
The share price of Bank of Baroda on Tuesday closed 10.3% lower after tanking 15% intra-day as the second-largest public sector lender reported a muted set of numbers.
Net profit inched up only 3.3% to ₹5,048 crore year-on-year in the March quarter on the back of lower tax outgoes and a valuation gain in its forex trading book. Despite above average loan sales, the lender's core income fell 6.6% to ₹11,020.
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