26% growth in global business – Bank Of Baroda

26% growth in global biz; CASA grew by 25%, CASA ratio at 36.1%; saw NPA slippages of Rs 363 Cr in Q3; restructured assets at Rs 4,800 Cr, under control: Bank Of Baroda

MD Mallya, CMD of Bank Of Baroda said that there was a growth of 26% in global business. CASA grew by 25% and CASA ratio stood at 36.1%. NIM improved to 3.4% in Q3FY10. The bank saw NPA slippages of Rs 363 crore in Q3FY10. Gross NPA stood at 1.4% while net NPA stood at 0.3%. Treasury income has been low in Q3FY10. The bank restructured assets of Rs 4800 crore and are under control.

Bank Of Baroda Q3FY10 NII (YoY) stood up 9.54% at Rs 1,601.2 crore Vs Rs 1,461.8 crore and net profit stood up 17.52% at Rs 832.5 crore Vs Rs 708.4 crore

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