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%.