Bank of Baroda Ltd (BOB.NS)
** State-run banks may gain as govt builds on its recent recapitalisation plans with more measures
MUMBAI - India's second-biggest state-run lender by assets Bank of Baroda forecast growth in troubled loans to slow in the coming quarters due to its moves to curb risk, as it posted a quarterly profit that beat estimates and sent its shares soaring.
MUMBAI, July 30 - Bank of Baroda, India's second-biggest state-run lender by assets, reported a 23 percent fall in quarterly net profit, but still topped estimates.
MUMBAI - Bank of Baroda reported an improvement in asset quality, cheering investors, even as its quarterly profit nearly halved as India’s second-biggest state-owned lender sharply increased provisions for bad and restructured loans.
* Net profit nearly halves to 5.98 bln rupees vs 9.58 bln estimate
* Exec says: restructured advances increased 16 percent in FY15
MUMBAI, May 11 - Bank of Baroda, India's second-biggest state-owned bank, reported a near-halving of its quarterly net profit on Monday, lagging estimates, as provisions for bad loans in the period rose 58 percent.
* Says to cut base rate by 25 basis points from 10.25 percent to 10.00 percent, effective May 6 Further company coverage: (Reporting by Devidutta Tripathy)
** Credit Suisse downgrades Yes Bank and Bank of Baroda to "neutral" from "outperform"