BoB Q4 net up 17% at Rs 1,518.1 crore; proposes 170% dividend

MUMBAI: Public sector lender Bank of Baroda ( BoB) today recorded 17.3 per cent rise in net profit at Rs 1,518.1 crore for the fourth quarter ended March 31.

The bank had posted a net profit of Rs 1,294.3 crore in the January-March quarter of 2010-11.

Total income rose to Rs 9,016.3 crore during the quarter quarter from Rs 7,168.6 crore in the same period last fiscal, BoB said in a filing to the BSE.

The board proposed a dividend of Rs 17 per equity share or 170 per cent on face value of Rs 10 per share for the financial year 2011-2012.

For the fiscal ended March 31, 2012, the bank posted a net profit of Rs 5,006.9 crore against Rs 4,241.6 crore in the previous fiscal, registering an increase of 18 per cent.

Total income increased to Rs 33,096.1 crore during the year, compared to Rs 24,695.1 crore in the previous fiscal.