46.95 1.25 (2.74%)
3.5M NSE+BSE Volume
NSE May 27, 2022 03:31 PM
Summary | Date | Stock | Broker | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
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07 Feb 2022 | Bank of India |
SMC online
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46.95 | 56.65 (-17.12%) |
State Bank of India
SMC online
Q3FY22, All round strong performance, beats estimates State Bank of India Interest income has increased 4.41% to Rs 69,678.12 crore. Interest expense rose 2.84% to Rs 38,990.72 crore. Hence net interest income rose 6.48% to Rs 30,687.40 crore. With other income showing a fall of 6.19% to Rs 8673.42 crore, net total income increased 3.40% Rs 39,360.82 crore. Operating expenses rose 0.51% to Rs 20839.18 crore. As a result, profit before provisions rose 6.86% to Rs 18521.64 crore. Provisions & Contingencies decreased 32.57% to Rs 6973.97 crore, leading to Profit before tax reported profit of Rs 11,547.67 crore compared to Profit of Rs 6,990.77 crore. There were no...
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06 Feb 2022 | Bank of India |
LKP Securities
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46.95 | 55.15 (-14.87%) |
Buy
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STATE BANK OF INDIA .....Credit Quality strengthens
LKP Securities
State Bank of India (SBIN) has delivered good results on operating and asset quality front. Reported gross slippages stood at 23bn v/s 42bn in the previous quarter. Its reported GNPA (4.5% v/s 4.9% in 2QFY22) and NNPA (1.34% v/s 1.52% in 2QFY22) improved noticeably along with stable...
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15 Nov 2021 | Bank of India |
Geojit BNP Paribas
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46.95 | 66.00 | 59.05 (-20.49%) | 40.58 |
Hold
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BANK OF INDIA
Geojit BNP Paribas
The current low levels of slippages and credit costs seem unsustainable as the asset quality is expected to remain largely unchanged (especially due to higher credit risk from MSME segment). Hence, we retain our...
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09 Nov 2021 | Bank of India |
SMC online
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46.95 | 61.75 (-23.97%) |
State Bank of India
SMC online
Bank has improved the asset quality on sequential as well as year-on-year basis in Q2FY2022. Fresh slippages of advances dipped to Rs 4176 crore (annualized 1.6% of advances in Q2FY2022) compared with Rs 15666 crore (2.5%) in the previous quarter....
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07 Aug 2021 | Bank of India |
Geojit BNP Paribas
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46.95 | 76.00 | 68.40 (-31.36%) | 61.87 |
Hold
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BANK OF INDIA
Geojit BNP Paribas
With 30% unused working capital limit and current sanctions of Rs. 18,000cr, we expect credit growth to return along-side lower cost of funds. However the current low levels of slippages and credit costs seem unsustainable as the asset quality is expected to remain largely unchanged (especially due to higher credit risk from MSME segment)....
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01 Jul 2020 | Bank of India |
Geojit BNP Paribas
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46.95 | 54.00 | 50.55 (-7.12%) | Target met |
Hold
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BANK OF INDIA
Geojit BNP Paribas
The growth in Advances along with stable asset quality will remain the key in the upcoming quarters. However, market environment still remains challenging. Hence, we retain our rating HOLD rating on the stock with a revised price target of Rs. 54 based on 0.4x FY22E BVPS. Negative bottom line due to higher provisioning In Q4FY20, Bank's Interest income stood at Rs. 10,528cr (-2.6% YoY), owing to contraction of 9bps and 70bps on yields of advances and investments, respectively. Net interest income slid down by 6.2% YoY to Rs. 3,793cr with NIM tightening 3bps YoY at...
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13 May 2020 | Bank of India |
Geojit BNP Paribas
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46.95 | 38.00 | 33.45 (40.36%) | Target met |
Hold
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BANK OF INDIA
Geojit BNP Paribas
Supply-demand dynamics remain challenging and credit conditions are expected to deteriorate amid current pandemic. However, recent interest rate cuts and government stimulus should provide some respite. We continue to see banks NPAs remain at high levels given high exposure to infra, NBFC and real estate sector. We lowered our FY20-22E estimates and value the stock at 0.32x FY22E BVPS, with a revised target price of Rs. 38 and continue to rate HOLD. Corona update and impact on industry...
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07 Feb 2020 | Bank of India |
Geojit BNP Paribas
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46.95 | 70.00 | 64.75 (-27.49%) |
Hold
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BANK OF INDIA
Geojit BNP Paribas
We expect asset quality to improve further in the upcoming quarters and upgrade our rating for the stock to HOLD with revised price target of Rs. 70 based on 0.42x FY22E BVPS. Domestic loans and deposits witness growth The bank's gross Loans and Advances grew 1.6% YoY to Rs. 378,686cr in Q3FY20, primarily driven by growth in Domestic loans (+6.7% YoY to Rs. 332,734cr). Domestic loans increased on the back of Govt. & Govt. guaranteed advances (+22.1% YoY), followed by Retail loans (+9.9% YoY). Within Retail loans, Home loan continued to...
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22 Aug 2019 | Bank of India |
Geojit BNP Paribas
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46.95 | 63.00 | 62.40 (-24.76%) | Target met |
Sell
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BANK OF INDIA
Geojit BNP Paribas
The company's GNPA reached Rs. 62,068 cr., and GNPA ratio deteriorated slightly in Q1FY20 (+66bps QoQ to 16.5%). NNPA ratio also witnessed similar weakness (+18bps QoQ to 5.8%). Capital adequacy ratio increased to 14.4% in Q1FY20 versus 11.4% in Q1FY19 and 14.2% in Q4FY19. Provision coverage ratio remained flat on QoQ basis,...
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30 Jul 2019 | Bank of India |
Sharekhan
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46.95 | 80.00 | 70.80 (-33.69%) |
Hold
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Bank of India
Sharekhan
Bank of India (BOI) posted a mixed operating performance during Q1FY2020, with lower-than-expected growth in NII and PAT. Net interest income (NII) growth was sluggish due to weak growth in advances. Provisions during the quarter declined significantly by 25.4% y-o-y as a result BOI registered profit growth of 155% y-o-y. BOI saw deterioration in overall asset quality, as gross non-performing asset (GNPA) ratio increased by 66 BPS and net NPA increased by 18 BPS q-o-q during the quarter. Increased fresh slippages (gross) were...
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29 Jan 2019 | Bank of India |
ICICI Securities Limited
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46.95 | 98.45 (-52.31%) |
Buy
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Indian Bank
ICICI Securities Limited
Elevated slippages & recognition of partial exposure of IL&FS; as substandard led to asset quality deterioration as GNPA ratio increased ~30 bps QoQ to 7.46%. Total IL&FS; exposure was at | 1715 crore out of which | 950 crore has been recognised as NPA while the remaining | 765 crore is standard. The bank has provided | 250 crore for the exposure. With elevated slippages provisions surged 152% YoY to ~| 974 crore Business traction remained muted as advances growth tapered down...
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13 Nov 2018 | Bank of India |
HDFC Securities
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46.95 | 81.20 (-42.18%) |
Results Update
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Bank of India Q2FY19 results Comment
HDFC Securities
Bank of India Q2FY19 results Comment NII fell to Rs. 2926.79 Cr in Q2FY19 compared to Rs. 3354.3 Cr in Q1FY19. NII rose by 0.64% ( Rs. 18.55 Cr ) when compared with the same period last year.
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28 May 2018 | Bank of India |
Motilal Oswal
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46.95 | 112.00 | 107.20 (-56.20%) |
Neutral
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Weak operating performance; asset quality improves sequentially
Motilal Oswal
28 May 2018 BOI reported a loss of INR39.7b, as provisions soared to INR66.7b (highest in eight quarters), led by elevated NPA provisions of INR67b (largely related to the RBIs revised stressed asset guidelines). NII declined 26% YoY (10% miss, weighed down by INR10b of interest reversals), and other income fell 22% YoY due to treasury losses. NIM shrank 23bp QoQ to 1.65%. Loan growth was weak (-2.7% QoQ); however, retail loans grew 5.5%/14.4% QoQ/YoY. Slippages increased sharply to INR129.7b, but recoveries and up-gradations increased to INR129.6b (v/s INR13.
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16 Feb 2018 | Bank of India |
HDFC Securities
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46.95 | 130.90 (-64.13%) |
Results Update
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12 Feb 2018 | Bank of India |
Emkay
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46.95 | 165.00 | 144.95 (-67.61%) |
Hold
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Weakened operating profit (-45% qoq, -39% yoy) alongwith steep NPL divergence (Rs141bn)...
Emkay
divergence of Rs140.6bn of which, Rs94bn is backed by SBLCs. BOI has recovered Rs47.5bn and is hopeful of recovering the remaining SBLC backed NPAs. Steep increase in NPAs, NCLT outcome key event for BOI: Most of the slippages due to divergence were recognized in Q3FY18 leading to a steep 30% qoq increase in GNPAs. Though BOI has a blended provision coverage ratio of 57% on GNPAs, the bank holds a PCR of c.70% on NCLT1 cases and up to 100% in some for a total NCLT1...
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15 Dec 2017 | Bank of India |
Geojit BNP Paribas
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46.95 | 154.00 | 177.10 (-73.49%) | Target met |
Sell
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BANK OF INDIA
Geojit Research
On a positive note, the slippages were at the lowest level in last 15 quarters as it declined by 47% QoQ in Q2FY18. As a result, Gross/Net non-performing asset (NPA) ratios improved by 43/23 bps sequentially to 12.6%/6.5%. However, one of the major concerns was the 80 bps QoQ increase in SMA-2 loans to 4.4% which raises doubt on the sustainability of lower slippages. Further, while upgradations and recovery declined by 61% QoQ, write-offs increased by 20% QoQ. Moreover, the overall stressed loans remained at ~20%, and the RBI...
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11 Nov 2017 | Bank of India |
Motilal Oswal
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46.95 | 201.00 | 196.25 (-76.08%) | Target met |
Neutral
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Bank of India: Asset quality pressures subside; margin performance dr
Motilal Oswal
Stronger-than-expected trading gains of INR7.4b (33% of PPoP) led to a 24% beat in other income. c) Loan growth remained muted at 0%/0% QoQ/YoY; however, retail loans grew 16.9% YoY. Slippages declined sharply to INR21.4b (2.4% slippage ratio annualized) from INR40.4b in 1Q, while recoveries and up-gradations were muted at INR10.7b (v/ INR27.4b in the previous quarter), despite 1Q being the seasonally strongest quarter for recoveries. However, high write-offs of INR27.9b led to sequentially lower absolute GNPLs/NNPLs. OSRL book was almost flat at...
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29 May 2017 | Bank of India |
HDFC Securities
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46.95 | 143.00 (-67.17%) |
Results Update
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13 Feb 2017 | Bank of India |
HDFC Securities
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46.95 | 128.65 (-63.51%) |
Results Update
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18 Nov 2015 | Bank of India |
Phillip Capital
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46.95 | 128.60 (-63.49%) |
BOI 18Nov2015
Phillip Capital
High slippage due to BoI's conservative approach on recognising NPAs, despite most loansbeingunderconsortiumlendingarrangements. Net slippage amount (gross slippage recovery/upgrades) has been falling and the...
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