OREANDA-NEWS. July 27, 2011. Bank of Baroda (BOB) has posted a net profit of Rs 10.33 billion for the quarter ended June 30, 2011 as compared to Rs 8.59 billion for the quarter ended June 30, 2010 representing rise of 20.26%.

Total income has increased from Rs 53.44 billion for the quarter ended June 30, 2010 to Rs 72.73 billion for the quarter ended June 30, 2011, representing increase of 36.10%.

Shares of the company declined Rs 35.9, or 3.99%, to trade at Rs 863.70. The total volume of shares traded was 68,605 at the BSE (11.52 a.m., Wednesday).

Bank of Baroda (BoB) (BSE: 532134) is the third largest bank in India, after the State Bank of India and the Punjab National Bank and ahead of ICICI Bank. BoB has total assets in excess of Rs. 2.27 lakh crores, or Rs. 2,274 billion, a network of over 3,403 branches and offices, and about 1,100 ATMs. IT plans to open 400 new branches in the coming year. It offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, credit cards and asset management. Its total business was Rs. 4,402 billion as of June 30.