Bank Of Baroda Q1 Review - On Expected Lines: Dolat Capital
A Bank of Baroda branch stands in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Bank Of Baroda Q1 Review - On Expected Lines: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Bank of Baroda reported a healthy net interest income growth of 16% YoY led by a low base and limited interest reversals.

Despite excess liquidity, reported net interest margin were at multi quarter high (3.04%) led by sharp sequential decline in lower yielding domestic corporate book.

Operating profits also benefitted from higher other income including treasury gains.

Bank of Baroda's asset quality metrics were contained with slippages at 3.5%, and sequentially stable gross non performing asset and provision coverage ratio at 8.9% and 67% respectively.

Over 40% of fresh slippages were from the micro, small and medium enterprise sector, with marginal slippages from corporate/international book.

Click on the attachment to read the full report:

Dolat Capital Bank of Baroda Q1FY22 Result Update.pdf

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