Quantum of loss that Bank of Baroda incurred in December quarter is quite high yet investors are buying the stock instead of dumping it. The government-run bank posted a massive loss of Rs 3342 crore in September-December quarter against a net profit of Rs 334 crore in the year ago period. Its asset quality worsened with gross non-performing assets at Rs 38934.1 crore in Q3, up 64.2 percent from Rs 23710.33 crore on a sequential basis. The bank's provision climbed by a whopping 388.4 percent to Rs 6164.55 crore against Rs 1262.25 crore (YoY).
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