Bank of Baroda Ltd (BOB.NS)
** State-owned lender Bank of Baroda and Syndicate Bank fall as much as 5 pct each
* Says CET I will increase by 1.1 percent post RBI's new guidelines - CNBC TV18 Further company coverage: (Reporting By Swati Bhat)
** Bank of Baroda falls as much as 4.09 pct after rallying 22.55 pct on Monday
** Chief Executive P.S. Jayakumar said the bank expects a "fair bit of stability" in its asset quality in the quarters ahead
MUMBAI Bank of Baroda swung to a quarterly loss and joined its state-run peers in posting sharply higher bad loan provisions, as part of a central bank drive to clean up sour debts in the banking industry.
* Q3 loss at 33.42 bln rupees vs expectations of 4.9 bln profit
MUMBAI, Feb 13 Bank of Baroda, India's second-largest lender by assets, reported a quarterly loss of 33.42 billion rupees ($491 million), as bad loans at the state-run bank increased sharply.
* Dec quarter net loss 33.42 billion rupees versus 3.34 billion rupees profit year ago
MUMBAI Bank of Baroda Ltd, India's second-biggest state-run lender by assets, posted on Friday an unexpectedly sharp 89 percent tumble in its quarterly net profit, hit by a spike in bad loans and higher provisions for impaired assets.
* CEO says managing bad loans and enhancing credit quality immediate priorities