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This Article is From Jun 01, 2021

Bank Of Baroda Q4 Review - Asset Quality Improving, But Out Of The Woods: Motilal Oswal

Bank Of Baroda Q4 Review - Asset Quality Improving, But Out Of The Woods: Motilal Oswal
A Bank of Baroda Nerul branch  (Source: BloombergQuint).
STOCKS IN THIS STORY
Bank Of Baroda
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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 loss in Q4 FY21, impacted by one-time deferred tax asset reversals, even as a pick-up in fee income and recovery from written off accounts aided operating profit.

Net interest income growth was weak, affected by high interest reversals and interest on interest waiver, thereby impacting margin.

On the business front, overall loan growth was flat QoQ, while retail/agri witnessed strong traction.

Collection efficiency improves to 93%, but remains lower versus other peers.

On the asset quality front, gross non performing asset/net non performing asset ratio improved versus pro forma gross non performing asset/net non performing asset as of December 2020.

Click on the attachment to read the full report:

DISCLAIMER

This 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.

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