Bank Of Baroda Q4 Review - Deferred Tax Asset Reversal Impact Profit; Business Outlook Improves: ICICI Direct
A Bank of Baroda Nerul branch. (Source: BloombergQuint).

Bank Of Baroda Q4 Review - Deferred Tax Asset Reversal Impact Profit; Business Outlook Improves: ICICI Direct

Bookmark

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.

ICICI Direct Report

Bank of Baroda reported good set of numbers on the operating front with some improvement in asset quality as well.

However, deferred tax asset impact due to shifting to new tax regime resulted into net loss during the quarter.

Net interest income was up 4.5% YoY but down 5% QoQ to Rs 7107 crore, mainly on account of interest reversals on non performing asset and interest on interest relief.

Global net interest margin declined ~5 basis points QoQ to 2.72%, while domestic margins declined ~23 basis points QoQ to 2.73%.

Net interest margins were impacted by 36 basis points due to reversals of interest.

Click on the attachment to read the full report:

ICICI Direct BoB Q4FY21 Result Update.pdf

DISCLAIMER

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.