Bank of Baroda Q2 net up 21%

MUMBAI: Public sector lender Bank of Baroda on Saturday said its net profit for the second quarter ended September 30 stood at Rs 395.29 crore, a 20.81 per cent growth over the corresponding period a year ago.
    
The bank had a net profit of Rs 327.19 crore for the September quarter last fiscal, Bank of Baroda said in a filing to the Bombay Stock Exchange.
    
Total income rose to Rs 4,026.90 crore for the quarter under review from Rs 3,333.83 crore for the same period last fiscal.
    
For the six months ended September 30, 2008, Bank of Baroda registered a net profit of Rs 766.14 crore, against Rs 658.03 crore for the same period last year.
    
While, total income for the six months ended September 30 rose to Rs 7,833.26 crore from Rs 6,358.63 crore for the same period a year ago.
    
Shares of the company fell as much as 10.31 per cent on Friday and settled at Rs 245.35 on the BSE.