BoB shares fall after as the bank’s asset quality woes continue

by Paul Joseph on February 5, 2013 · 0 comments

The Bank of Baroda (BoB) stock slipped nearly eight per cent before closing down 7.5 per cent at Rs 802 a share on Monday, as against just 0.15 per cent decline in Sensex, after the bank reported a fall of 22 per cent fall in its net profit for the December 2012 quarter. The steep fall in the net profit during the quarter was led by the steep increase in provisions that jumped 23 per cent year-on-year to Rs settle at 1,029 crore. read more

[via Stock Watch – Stock Specific News]

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