Bank of Baroda's Q4 net rises over 17 per cent to Rs1,518 crore

Bank of Baroda (BoB) has posted a net profit of Rs1,518.18 crore for the quarter ended 31 March 2012 against Rs1,294.35 crore net profit in the quarter ended 31 March 2011, an increase of 17.29 per cent year-on-year.

Total income of the bank has increased to Rs9,016.31 crore during the quarter ended 31 March 2012, from Rs7,168.65 crore during the quarter ended 31 March 2011.

For the financial year ended 31 March 2012, the bank has posted a net profit of Rs5,006.96 crore compared to Rs4,241.68 crore for the year ended 31 March 2011.

Total income of the bank during the year increased to Rs33,096.05 crore from Rs24,695.10 crore during the year ended 31 March 2011 .

The board of directors of the bank, at its meeting held today, inter alia, recommended a dividend of Rs17 per equity share of face value Rs10 each for the financial year 2011-12.

The dividend will be paid after necessary approvals and declaration at the ensuing annual general meeting of the shareholders of the Bank, Bank of Baroda informed the Bombay Stock Exchange (BSE) in a filing.