Bank of Baroda posts net loss of ₹864 crore in Q1
(WorldNews Business)

Bank of Baroda (BoB) has slipped into the red, reporting a standalone net loss of ₹864 crore in the first quarter ended June 30 due to a jump in provisions. The public sector bank had reported a net profit of ₹710 crore in the year-ago quarter and ₹507 crore in the preceding quarter. Sanjiv Chadha, MD and CEO, attributed the loss to additional heightened provisions of ₹1,811 crore made towards standard advances, including loans extended under the...