BoB Q4 net drops 35%

Bank of Baroda (BoB) has posted a 35% drop in net profit at Rs 101.04 crore for the fourth quarter ended March 31, 2005 as compared to Rs 156.02 crore for the quarter ended March 31, 2004. Total Income has decreased from Rs 2053 crore in Q4-04 to Rs 2028.95 crore for the quarter ended March 31, 2005.

BoB has reported a 30% slump in net profit at Rs 676.84 crore for the year ended March 31, 2005 as compared to Rs 967 crore in FY-04. Total income has decreased from Rs 7,866.08 crore in FY-04 to Rs 7,736.24 crore for the year ended March 31, 2005.

According to a release issued by BoB to the BSE, the bank has declared a final dividend of 32% (Rs 3.20/- per share), in addition to interim dividend of 18% for the year 2004-05, paid on March 09, 2005.

The dividend shall be payable on and after June 17, 2005, the release further added.