Strong recoveries drive earnings beat; loan growth steady

Company
28 Oct 2024
5 Min read 
  • Bank of Baroda's financials and valuations are detailed, including income, expenses, and profitability ratios.
  •  The bank reported a healthy quarter with higher other income and accelerated recoveries from TWO.
  •  Provisions were higher than expected due to prudent NPAs and standard assets provisions.
  •  Loan growth was broad-based across corporate and retail segments, and deposit growth was healthy.
  •  The bank's FY26 RoA/RoE is estimated at 1.1%/15.7%.
  •  The bank's guidance includes a controlled credit cost of 0.75% for FY25 and a slippage ratio at 1-1.25%.
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