The second-quarter operating profit of Bank of Baroda (BoB) has declined by 24 per cent to Rs 101.71 crore in the six months to September 30, 1998, compared with Rs 126.5 crore posted in the corresponding previous period.
The bank's bottomline for the first half stands at Rs 228.21 crore.
The bank income from interest rose substantially in the first half. Other income also increased by 11 per cent to Rs 276.43 crore from Rs 249.15 crore in the comparable period of 1997-98.
The working results for the quarter ended September 30, 1998, had been arrived at after considering provision for non-performing assets, depreciation on investments, bonus, gratuity, leave encashment benefit of employees, income tax, interest tax, wealth tax and ad hoc provision for wage revision, a statement from the bank said here.