OREANDA-NEWS. Bank of Baroda, one of the leading public sector lenders, on Monday reported growth of 16.61% in its net profit for the quarter ended Jun. 30, 2014.

The bank earned a profit of Rs 13.62 billion for the quarter ended Jun. 30, 2014. Analysts on average had predicted net profit of Rs 11.95 billion.

The bank's quarterly income totaled at Rs 116.83 billion, an increase of 9% over Rs 107.18 billion in the same period a year ago.

The bank has made provision of Rs 5.27 billion, which was lower by 48.25% from prior year period.

Net NPA was at 60.21 billion for the quarter ended Jun. 30, 2014, as compared to Rs 54.41 billion in the same period last year, representing an increase of 10.66%.

In percentage term, net NPAs were at 1.58% at the end of the quarter, Jun. 30, 2014, lower by 1.69% from last year period.

Capital adequacy ratio (CAR) under Basel III of the bank was at 11.91% as on Jun. 30, 2014.

Provision coverage ratio of the bank came at 66.68% as on Jun. 30, 2014.

Shares of the bank gained Rs 10.2, or 1.18%, to trade at Rs 871.75. The total volume of shares traded was 184,813 at the BSE (11.44 a.m., Monday).