Bank Of Baroda Q3 Review - Asset Quality Progressing Well, But Not Fully Out Of The Woods: Motilal Oswal 
A Bank of Baroda branch stands in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Bank Of Baroda Q3 Review - Asset Quality Progressing Well, But Not Fully Out Of The Woods: 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 Ltd. reported strong earnings, led by higher treasury gains, steady net interest income growth as domestic margin expanded 11 basis point, and lower provisions.

On the business front, loan growth improved, with domestic advances growing at 4.6% QoQ, led by strong traction across business segments.

Collection efficiency improved to 92%, but remain lower than other private peers. On the asset quality front, pro forma gross non-performing asset/net non-performing asset ratio increased to 9.63%/3.36%.

Total restructuring stood approcimately 1.4% of advances (Rs 95 billion), while special mention account -I/2 (excluding restructuring) stood at 3.6% of loans.

Click on the attachment to read the full report:

Motilal Oswal Bank of Barods Q3FY21 Result Update.pdf

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