BoB reports Q4 loss of Rs 1,047 crore on DTA reversal
BoB reports Q4 loss of Rs 1,047 crore on DTA reversal ANI 29 May 2021, 21:55 GMT+10 Mumbai (Maharashtra) [India], May 29 (ANI): Bank of Baroda on Saturday reported a standalone net loss of Rs 1,047 crore for the January to March quarter (Q4 FY21) as against a profit of Rs 507 crore in the same period last year (Q4 FY20). Profit before tax totalled Rs 2,680 crore for Q4 FY21. The public sector lender moved to new tax structure, thus reporting a loss of Rs 1,047 crore because of deferred tax asset (DTA) reversal. Excluding the impact of change in tax regime, the bank would have reported profit ...
Source: longbeachstar.com