India's Bank of Baroda Q1 net profit down 23 pct, bad loans rise

July 30, 2015 5:44 AM

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MUMBAI, July 30 Bank of Baroda, India's second-biggest state-run lender by assets, reported a 23 percent fall in quarterly net profit, but still topped estimates.

Net profit fell to 10.52 billion rupees ($164.50 million) for its fiscal first quarter to June 30 from 13.62 billion rupees a year earlier.

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