Bank of Baroda    
11 Aug 2020
42.55
1.67%
ICICI Securities Limited
Total provisioning for Q1FY21 was down 17.8% YoY to | 5628 crore. The bank has provided | 996 crore for Covid-19 during the quarter. As on June 30, 2020, total Covid provisioning was at | 1806 crore (~25 bps of advances). PCR increased from 81.3% in Q4FY20 to 83.3% in Q1FY21. Fresh slippages slumped 10.2% QoQ to | 2740 crore with ~| 2121 crore attributable to the international book. Amid moratorium, GNPA remained flat QoQ at | 6913 crore (GNPA ratio 9.39%), NNPA ratio declined 30 bps QoQ to 2.83%. Watchlist for the quarter was at | 13000 crore, up 4% QoQ....
Bank of Baroda has an average target of 63.29 from 8 brokers.
Bank of Baroda    
11 Aug 2020
42.55
1.67%
Prabhudas Lilladhar
high provisioning, although asset quality improved with continued PCR significantly as offering morat on selected basis. NII performance was decent but lower other income & higher staff opex led to mediocre PPOP. Concerns...
Bank of Baroda has an average target of 63.29 from 8 brokers.
Bank of Baroda    
11 Aug 2020
42.55
1.67%
Nirmal Bang Institutional
Bank of Baroda (BOB) reported a net loss of Rs8.6bn for the quarter versus our expectation of a tiny profit. The outcome can be mainly attributed to elevated provisioning as well as subdued income generation. Even though the bank was able to register 4.9% YoY and 0.3% QoQ growth in NII (despite a fall in loan yields and interest income), the non-interest revenue fell sharply by 5.1% YoY and 35.9% QoQ. Fee income was down 11.6% YoY. Growth in advances was 8.4% YoY (but down 0.5% QoQ), in line with expectation. Growth in the international portfolio was higher at ~14% YoY while gross domestic advances grew by 7.6% YoY. For FY21, the bank is looking to deliver a credit growth of 7-8%, which we believe may not materialize given the current economic situation....
Bank of Baroda has an average target of 63.29 from 8 brokers.
Bank of Baroda    
10 Aug 2020
42.55
1.67%
buy
Dolat Capital
BoB's reported a loss of Rs86 bn in Q1FY21 led by higher provisions. Though domestic slippages were muted owing to ongoing loan moratorium, two-third of slippages in 1QFY21 pertained to the international portfolio. Slippages from overseas book have been elevated over the last few quarters. The quarter also saw high additions to watch-list from the NBFC and power sector. The NBFC addition pertained to a single well rated infra financing NBFC account, where the bank has so far made 35%...
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Bank of Baroda has an average target of 63.29 from 8 brokers.
Bank of Baroda    
10 Aug 2020
42.55
1.67%
Motilal Oswal
10 August 2020 Bank of Baroda (BOB) reported weak operating performance, with subdued margins and revenue growth; elevated provisions led to net loss of INR8.6b. On the asset quality front, slippages were trending lower, primarily on account of the asset classification benefit; however, NPL formation in the international portfolio stood elevated. The moratorium book declined to 21.4% and remains a key overhang on asset quality. Furthermore, CET-I declined to ~9.1%, which raises concerns regarding the banks capitalization levels and its ability to absorb further loss as we expect credit cost to remain elevated. We cut the EPS estimate for FY21/FY22 by 66%/31%, primarily as we factor higher credit cost and moderate our business growth/margin estimates. BOB reported a weak quarter with net loss of INR8.6b, affected by weak operating performance and elevated provisions. NII grew at 5% YoY (flat QoQ) to INR68.2b, with global NIMs declining by 8bp QoQ to 2.55%.
Bank of Baroda is trading below all available SMAs
Bank of Baroda    
25 Jun 2020
42.55
1.67%
Nirmal Bang Institutional
A year of elevated NPAs and ultra-low ROE ahead Bank of Baroda (BOB) reported NII of Rs67.9bn, up 5% YoY and down 4.6% QoQ, led by NIM contraction of 13bps QoQ. On a YoY basis, NIM was up 5bps at 2.67%. Domestic NIM stood at 2.78%, down 10bps QoQ. Operating profit saw healthy growth, up 47.9% YoY and 3.3% QoQ. Subdued net operating income growth was offset by reduction in total opex (down 23.2% YoY, 8.1% QoQ). Employee expenses were down 41.4% YoY and 24.7% QoQ. Provisions for the quarter stood at Rs68.4bn, down 35.5% YoY and 4.4% QoQ, resulting a pre-tax loss of Rs17.2bn. Bank reported a PAT of Rs5.1bn on the back of tax benefit compared to losses in 3QFY20 and 4QFY19....
Bank of Baroda has an average target of 63.29 from 8 brokers.
Bank of Baroda    
25 Jun 2020
42.55
1.67%
buy
Dolat Capital
BoB reported a loss at PBT level of of Rs17.2bn in 4QFY20 led by higher provisions, though tax reversal resulted in a PAT of Rs5bn. Slippages were lower at 2.6%, partly benefitting from asset quality...
Bank of Baroda is trading below all available SMAs
Bank of Baroda    
24 Jun 2020
42.55
1.67%
buy
Sharekhan
Margins improved, with global NIM during Q4FY2020 at 2.67% from 2.62% in Q4FY2019 and domestic NIM increasing to 2.78% from 2.68%. Fresh slippage for the quarter was at Rs. 3,050 crore, lower sequentially,...
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Bank of Baroda has lost -52.62% in the last 1 Year
Bank of Baroda    
24 Jun 2020
42.55
1.67%
Motilal Oswal
24 June 2020 BOB reported mixed 4QFY20 operating performance as moderation in NII was supported by lower opex and higher treasury income. While elevated provisions led to PBT loss, higher tax reversal resulted in the bank reporting profits. Lower slippages were aided by asset classification benefit resulting in an improvement in asset quality ratios. However, higher moratorium book of 55% (as at end-May20) should keep asset quality under pressure. We cut our EPS estimate for FY21/FY22E by 34%/5%, as we increase our credit cost projection and fine-tune our margin/growth estimates. BOB reported PBT loss of INR17.2b, impacted by higher provisions of INR68.4b while tax reversal of INR22.3b resulted in net profit of INR5b. NII increased 5% YoY to INR68b (in-line). Global NIMs declined by 13bp QoQ to 2.67% while domestic NIMs dipped 10bp QoQ. Total net revenue grew 3% YoY.
Bank of Baroda is trading below all available SMAs
Bank of Baroda    
27 Jan 2020
42.55
1.67%
Nirmal Bang Institutional
Bank of Baroda (BoB) reported its 3QFY20 results with the key strategic pointers being: (1) Slippages remain elevated (2) Total deposits growth was muted at 1.1% YoY, CASA was up 8.8% YoY (3) Cost to income ratio inched up to 49.8% (+400bps QoQ) majorly due to one-offs and provisions (4) Domestic NIM was up 18bps YoY, down 1 bp QoQ at 2.80% (See comprehensive analyst meet takeaways on page 2 for significant incremental colour). Per se, on the key P&L; items, BoB posted NII growth of 9% YoY at Rs71.3bn, PPOP growth of 9% YoY at Rs49.6bn and a loss of Rs14.1bn compared to a profit of Rs73.7bn in 3QFY19. We have revised our estimates for FY20/FY21/FY22 and retained Buy rating on BoB, revising our target price to Rs112 (from Rs117...
Bank of Baroda has an average target of 63.29 from 8 brokers.