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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.