6 hours Ago By Moneycontrol
Anand Rathi's research report on Bank of Baroda Decent core operating performance and modest provisioning (~40bps) led to the Bank of Baroda’s strong profitability in Q3, its RoA coming at 1.15%. Asset quality improved.
Key positives were 1) moderate slippages (~1% of loans), 2) 1%+ RoA (for ten straight quarters), 3) strong traction in retail loans (up 4.8% q/q) and 4) robust liquidity and capitalisation. Ahead, with a pick-up in credit growth, stable margins and modest credit costs, earnings are likely to be strong.
Outlook We maintain a Buy, with a higher TP of Rs289, 1x P/ABV on the FY27e book. For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management.
Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Bank of Baroda - 01022025 - anand.
