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Bank of Baroda gains; lower provisions help profits

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Reuters
Last Updated : Jul 28 2014 | 1:55 PM IST

Reuters Market Eye - Shares in Bank of Baroda gain 1.4 percent as April-June earnings at 13.62 billion rupees ($226.64 million) beat estimates.

Lower non-tax provisions and improved net interest income helped earnings, traders say.

Company executive says domestic net interest margin will reach at least 3 percent this financial year.

(Reporting by Abhishek Vishnoi)

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First Published: Jul 28 2014 | 1:32 PM IST

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