Bank Of Baroda Q3 Review - Stress Under Control; Needs Vigil: Prabhudas Lilladher 
Pedestrians pass a Bank of Baroda branch. (Photographer: Chris Ratcliffe/Bloomberg)

Bank Of Baroda Q3 Review - Stress Under Control; Needs Vigil: Prabhudas Lilladher 

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.

Prabhudas Lilladher Report

Bank of Baroda’s reported an Rs 10.6 billion of profit after tax (our estimate Rs 16.9 billion) as higher provisions and marginally lower pre-provision operating profit dent earnings.

On Pro-forma basis bank would have seen gross non-performing asset/net-non-performing asset move up by 30/63 basis points QoQ with slippages of Rs 112 billion (Rs 83 billion unrecognised).

Positive was lower restructuring at 140 bps of loans with guidance of 200 bps of loans by Q1 FY22 which is lower than expected but majorly remains from corporate book.

Click on the attachment to read the full report:

Prabhudas Lilladher Bank Of Baroda Q3FY21 Result Update.pdf


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