Bank of Baroda narrows Q4 loss to Rs 991 cr, NPA provisions at Rs 5,550 cr

State-owned Bank of Baroda Wednesday reported narrowing of its net loss to Rs 991 crore in the March 2019 quarter.

The bank had posted a net loss of Rs 3,102.34 crore in the similar January-March period of fiscal 2017-18.

However, compared sequentially, there was a net profit of Rs 471.25 crore during the third quarter ended December 2018.

"The bank recorded loss on a standalone basis of Rs 991 crore for fourth (quarter of) 2018-19 due to acceleration in provisions," it said in a regulatory filing.

For the whole year, standalone and consolidated profit stood at Rs 433 crore and