Bank of Baroda Q2 Review - Strong Pickup In Loan Growth; Lower Provisions Drive Earnings: Motilal Oswal

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..Motilal Oswal Report.Bank of Baroda reported a strong earnings performance, supported by lower provisions and higher other income, even as net interest income remained under pressure. Domestic net interest margin moderated by 22 basis points QoQ to 2.9%. business trends, however, improved, with advances growing at 4% QoQ. Asset quality witnessed an overall improvement. Fresh slippage stood at Rs 52.2 billion (annualised slippage rate at 3%). However, Bank of Baroda's higher write-offs and recoveries resulted in an improvement in asset quality. The gross/net non performing asset ratio declined by 75 bps/20 bps QoQ, while provision coverage ratio was stable ~67%. Total special mention account-I/II (over Rs 50 million) declined to 1.87%, while the restructured book stands at Rs 205 billion (2.95% of loans). .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Bank of Baroda Q2 Review - Strong Pickup In Loan Growth; Lower Provisions Drive Earnings: Motilal Oswal

Bank of Baroda Q2 Review - Strong Pickup In Loan Growth; Lower Provisions Drive Earnings: Motilal Oswal

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