Bank Of Baroda Q4 Review - Asset Quality Improving, But Out Of The Woods: Motilal Oswal

A Bank of Baroda Nerul branch  (Source: BloombergQuint).

Bank Of Baroda Q4 Review - Asset Quality Improving, But 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 reported a loss in Q4 FY21, impacted by one-time deferred tax asset reversals, even as a pick-up in fee income and recovery from written off accounts aided operating profit.

Net interest income growth was weak, affected by high interest reversals and interest on interest waiver, thereby impacting margin.

On the business front, overall loan growth was flat QoQ, while retail/agri witnessed strong traction.

Collection efficiency improves to 93%, but remains lower versus other peers.

On the asset quality front, gross non performing asset/net non performing asset ratio improved versus pro forma gross non performing asset/net non performing asset as of December 2020.

Click on the attachment to read the full report:

Motilal Oswal Bank Of Baroda Q4FY21 Result Update.pdf

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