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Bank of Baroda Q3 Results Review: Dolat Capital Maintains 'Buy' On The Stock, Revises Target Price— Here's Why

Trading at 0.8x Sep-26 price/adjusted book value, Bank of Baroda's valuations are undemanding, says Dolat Capital

<div class="paragraphs"><p>Bank of Baroda reported weaker than expected net interest income growth at 3% YoY, with 15 bps sequential decline in net interest margin to 2.94%.</p><p> (Photographer: Vijay Sartape/NDTV Profit)</p></div>
Bank of Baroda reported weaker than expected net interest income growth at 3% YoY, with 15 bps sequential decline in net interest margin to 2.94%.

(Photographer: Vijay Sartape/NDTV Profit)

Bank of Baroda is amongst the superior franchises in the public sector bank space, with industry best cost of funds. Improved underwriting in retail/SME, high share of MCLR book, and continued recoveries from WO book to aid RoA.
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