Shares of Bank of Baroda (BoB) surged almost 14 per cent to Rs 143.60 in Thursday’s session, a day after the public lender reported its March Quarter results.

BoB reported a loss of Rs 991.37 Crore in the March Quarter against Rs 3,102.34 crore in the corresponding quarter last year.

Provision and contingencies declined 19 per cent to Rs 5,399.29 crore against Rs 6,672.38 crore in the same period last year.

“The bank has been reporting healthy traction in domestic loan growth while operating metrics are showing gradual improvement. We expect fresh slippages to moderate over FY20/21,”