Shares of the bank ended 2.17% lower at Rs 180.50 apiece on BSE
Easing accretion of bad loans, stabilising NPA ratios are positives
The bank's total Capital Adequacy Ratio was at 11.64%
The BPLR is 13.80 per cent per annum currently
Gross bad loans rose to 11.40% versus 10.46% q-o-q
However, for balance above of Rs 50 lakh, the bank has retained the rate at 4%
Bank of Baroda (BoB) is among the few public sector banks (PSBs) which are better placed to reclaim the lost investor faith. According to a Bloomberg analyst poll, the stock enjoys better investor preference today than six months ago. Reasons such as its ability to walk its talk on containing bad loan formation, steady efforts to boost its retail operations and renew its focus on overall lending have been favourable. Thus, analysts believe the bank might achieve its FY18 targets and have readjusted their earnings estimates.Analysts at Nomura have raised their net profit estimate for FY18 and FY19 by one to three per cent, driven by better than expected growth in FY17. Those at Deutsche Bank have raised it by two per cent and the target price by 10 per cent, to ~220."Among all PSU banks, BoB is better positioned with an improving net interest margins, strong current account-savings account accretion, growth traction picking up and higher comfort on asset quality. Slippages and credit ..
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A total of nine people have been arrested by the ED in this case till now
The stock tumbled 10.26% to end at Rs 168.75 on BSE
May tap QIP route to raise equity from government, investors
Sequentially, net profit was down
The interest expenses reduced by 8.05% to Rs 7,272 crore from Rs 7,909 crore
ISSL custodial clientele includes corporates, institutions, high net worth individuals and NRIs
List is for the period up to September 2016
Credit score tells person's past repayment behaviour and likelihood that he'll repay loans on time
On Monday, BoB slashed home loan rates by 70 basis points to 8.35%
BoB has reduced its marginal cost of fund based lending rates (MCLR) by 55-75 basis points
Looks to strengthen its position in the home loan segment
The stock rallied 6% to Rs 171 on BSE after the bank posted a more than four-fold jump in profit at Rs 552 cr for the quarter ended September 30, 2016.