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Bank of Baroda on Friday reported a shocking Rs 1,407-crore loss for the quarter ended December. This comes at a time when most bankers have been claiming the NPA cycle has peaked and that the worst is over.
After the acquisition of Ruchi Soya, Patanjali expects a three-fold growth, become a major player in the edible oil category and take a lead in the domestic production of soyabean oil, sunflower oil and palm oil.
BoB, which merged Dena Bank and Vijaya Bank with itself earlier this year, said its total income increased to Rs 21,809.08 crore during the quarter under review as against Rs 14,562.85 crore in the year-ago period.