Bank of Baroda

NSE: BANKBARODA | BSE: 532134 | ISIN: INE028A01039 | Industry: Banks
| Turnaround Potential

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Bank of Baroda
10 Aug 2021
252.08
1.26%
Motilal Oswal
Asset quality trends were stable sequentially in a challenging environment, with fresh slippage at INR51.3b (annualized slippage rate of 3.1%). However, higher write-offs and upgrades resulted in stable asset quality trends the GNPA/NNPA ratio declined 1bp/6bp QoQ, while PCR was broadly stable at ~68%. Also, total SMA 1/2 (>INR50m) declined to ~2.68%, while the restructured book stood at 3.2% of loans. Collection efficiency (ex-Agri) was stable QoQ at 93%, better vis-vis many other peers. The bank expects growth to pick up, led by retail segments, while corporate growth would see gradual recovery as the economic situation normalizes. We...
Bank of Baroda is trading above all available SMAs
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