May 19, 2017 / 4:28 AM / 2 months ago

BUZZ-India's Bank of Baroda rises after posting March-qtr profit

1 Min Read

** Shares of Bank of Baroda Ltd rise as much as 4.5 pct to 195.9 rupees

** Bank reports Q4 net profit of 1.55 bln rupees ($23.94 mln) against a loss of 32.3 bln rupees a year ago

** Gross bad loans as a percentage of total loans falls to 10.46 percent at end-March from 11.40 pct in December

** Edelweiss Securities expects bank to generate near-term RoE of 10-11 pct, says despite rising BASEL III requirements, lower dilution risks are expected

** Stock second-biggest pct gainer on NSE index ($1 = 64.7325 Indian rupees)

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