Bank of Baroda fourth quarter net profit up 43% at Rs 1,294 cr

Public sector Bank of Baroda (BoB) on Thursday recorded 43 per cent rise in net profit at Rs 1,294.3 crore for the fourth quarter ended March 31, 2011. It had a net profit of Rs 906.2 crore in the same quarter in the previous financial year, BoB informed the Bombay Stock Exchange.

Total income rose to Rs 7,168.6 crore for the quarter ended March 31, from Rs 5,120.7 crore in the same period last financial year. Interest Income improved to Rs 6,334.10 crore against Rs 4,353.8 crore in the same quarter a year ago.

The board proposed a dividend of Rs 16.50 per equity share on face value of Rs 10 per share for the financial year 2010-2011.

HOW THE OTHERS FARED: ICICI Bank registers 17% growth in profit Axis Bank Q4 net up 33.5 per cent Yes Bank net up 45%, offers 25% dividend HDFC Bank net jumps 33%, okays 1:5 stock split IndusInd Bank Q4 net soars 75%

For the year ended March 31, 2010, the bank had posted a net profit of Rs 4,241.6 crore against Rs 3,058.3 crore in the previous year, registering an increase of 38.6 per cent.

Total income increased to Rs 24,695.10 crore during the year, compared to Rs 19,423.2 crore in the previous financial year.