Motilal Oswal: Bank Of Baroda's Collection Efficiency Improves In Q2 But Still Trails Peers  
Pedestrians walk past a Bank of Baroda (BOB) branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: Bank Of Baroda's Collection Efficiency Improves In Q2 But Still Trails Peers  

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 strong Q2 earnings, led by higher treasury gains and steady net interest income growth as domestic margins expanded by 33 basis point and lower provisions.

On the business front, loan growth trends remained muted, mainly due to 7% QoQ decline in corporate advances.

The pickup in retail and micro small and medium enterprise segments due to retail sanctions up 23% YoY and disbursements up 15% YoY.

Collection efficiency improved to 91%; however, it was lower than other private peers, which have reported CE between 95-97%.

Click on the attachment to read the full report:

Motilal Oswal Bank Of Baroda Q2FY21 Result Update.pdf

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