Bank Of Baroda Q1 Review - NII Growth Recovers Sharply; Collection Efficiency Stable: Motilal Oswal

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 a strong earnings performance, supported by a healthy core operating performance, despite sluggish business trends.Domestic net interest margin improved sharply by 39 basis points QoQ to 3.12%. Asset quality trends were stable sequentially in a challenging environment, with fresh slippage at Rs 51.3 billion (annualised slippage rate of 3.1%).However, higher write-offs and upgrades resulted in stable asset quality trends - the gross non performing asset/net non performing asset ratio declined 1 bp/6 bp QoQ, while provision coverage ratio was broadly stable at ~68%. Also, total special mention account- I/II declined to ~2.68%, while the restructured book stood at 3.2% of loans. Bank of Baroda's collection efficiency (ex-Agri) was stable QoQ at 93%, better vis-a-vis many other peers..Click on the attachment to read the full report: .DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Bank Of Baroda Q1 Review - NII Growth Recovers Sharply; Collection Efficiency Stable: Motilal Oswal

Bank Of Baroda Q1 Review - NII Growth Recovers Sharply; Collection Efficiency Stable: Motilal Oswal

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