Marred by elevated stress on asset quality and higher credit cost, Bank of Baroda (BoB) has posted a muted performance in 1QFY18. Slippages increased by 27.5% QoQ to Rs52bn primarily due to recognition of two large corporate accounts as NPA along with higher slippages from agriculture portfolio due to ongoing loan waiver scheme by different state governments and recognition of NPAs from loan under special RBI moratorium post demonetisation. As a result, provisioning expenses at elevated level of Rs23.7bn (+18.2% YoY & -9.7% QoQ) dragged PAT to...