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.