Mumbai, April, 6: India's one of the leading Public sector lenders, Bank of Baroda (BOB) in terms of oversease branch network has reported net profit of Rs 1518.18 crore for the quarter ended March 31, 2012 with respect to Rs. 1292.35 crore for the same period last year 2011, up by 17.49 %.
The total profit has increased from Rs 7168.65 crore or the quarter ended March 31, 2011 to Rs. 9016.31 crore for the quarter ended March 31, 2012, advancing by 25.78 %, the bank informed Bombay Stock Exchange.
The Bank has posted a net profit of Rs 5006.960 crores for the year ended March 31, 2012 as compared to Rs 4241.68 crores for the year ended March 31, 2011. On YOY basis, the net profit has grown by 18 % in FY 12.
Total Income of BOB has increased from Rs 24695.10 crores for the year ended March 31, 2011 to Rs 33096.0.5 crores for the year ended March 31, 2012. The total income of the lender has improved by 34 %.
Bank of Baroda has recommended a dividend at the Rs.17/- (Rupees Seventeen only) per equity share (equity shares of Rs. 10/- each fully paid-up) for the F.Y. 2011-12 subject to necessary approvals from government and will declare it at the ensuing Annual General Meeting of the shareholders of the Bank. The dividend will be paid / dispatched by July 09, 2012 by the bank.