Stock Market tips | Commodity Tips | MCX Tips | Stock Advisory Tips

Showing posts with label Bank of Baroda. Show all posts

Wednesday, 22 May 2019

Brokerages expect Bank of Baroda to post massive jump in Q4 profit

Kotak Institutional Equities projects bank's net profit at Rs 1,455.9 crore, up 208.9 percent QoQ

Bank of Baroda is scheduled to post its March quarter earnings on May 22, 2019.

Research and broking firm Motilal Oswal expects Bank of Baroda to report net profit at Rs 656.7 crore, up 39.4 percent QoQ. Net Interest Income (NII) is expected to increase 22.7 percent YoY (+3.5 percent QoQ) to Rs 4,909.7 crore.

Motilal Oswal models 34.3 percent YoY rise (+1.2 percent QoQ) in Pre Provision Profit (PPP) to Rs 3,579.7 crore.

Kotak Institutional Equities expects a massive jump in BoB's profit. It projects bank's net profit at Rs 1,455.9 crore, up 208.9 percent QoQ. NII is expected to increase 23.2 percent YoY (+3.9 percent QoQ) to Rs 4,929.4 crore while Pre Provision Profit (PPP) is likely to rise by 31 percent YoY (-1.3 percent QoQ) to Rs 3,491.3 crore, Kotak said.

According to Narnolia Financial Advisors, NII growth is expected to be 21 percent YoY as loan growth will pick up during the quarter. NIM is expected to improve due to MCLR reset and lower interest reversal. Improvement in international business will also boost the NIM.

The loan book of the bank is expected to grow 13 percent YoY led by strong growth in both retail loan and corporate loan, as per Narnolia. Slippage is expected to decline in Q4FY19.

Key trackable this quarter

-Management commentary on growth outlook of merged entity-Operating expenses

If you want to know more about our services, please visit Free Stock Tips

Wednesday, 6 February 2019

Bank of Baroda raises lending rates by up to 0.2%

Ahead of the monetary policy review, state-owned Bank of Baroda (BoB) Tuesday increased its lending rates by up to 0.2 per cent, a move that will make home, auto and other loans expensive.

The bank has revised the marginal cost of funds-based lending rate (MCLR) with effect from Thursday, BoB said in a statement.

The MCLR for a three-month tenor increased to 8.50 per cent from the existing 8.30 per cent and for six-month maturity, it will go up to 8.70 per cent from the current 8.50 per cent.

Interest rate on one-year tenure will go up by 0.1 per cent to 8.75 per cent.

Most of the retail loans are benchmarked against one-year MCLR.

The RBI is schedule to unveil its sixth bi-monthly monetary policy on Thursday.

We provide you sure shot Commodity & Equity Market Tips, Intraday tips, share market tips, Mcx bullion tips, Mcx tips, Crude tips, Stock tips, Future and Cash tips with Technical & Fundamental Research.

Visit: www.ripplesadvisory.com

Source: Moneycontrol

Wednesday, 30 January 2019

Bank of Baroda jumps 4% as profit jumps to Rs 471.2 crore

Bank of Baroda’s shares rose around 4 percent on Wednesday morning as traders bet on the steady results posted by the company.

It touched an intraday high of Rs 118.20 and an intraday low of Rs 116.00.

Bank of Baroda posted a 321.6 percent year-on-year (YoY) increase in its December quarter net profit at Rs 471.21 crore on strong growth in interest income and improved asset quality.

Net interest income (difference between interest earned and expended) increased to Rs 4,744 crore in Q3. Adjusting for IT refund of Rs 326 crore in December 2017, NII increased by 16.62 percent YoY. The domestic core fee income increased by 16.11 percent YoY to Rs 771 crore.

"With the bank on-boarding corporate customers on the basis of a well-defined target market and retail customers on a score-based approach, the credit quality of recently acquired portfolio has shown distinct improvement as measured by credit score external ratings available with credit rating agencies," Bank of Baroda said in a statement.

Provision for bad loans was at Rs 3,416 crore in Q3, up from Rs 3,155 crore in the year ago period.

Gross non-performing assets (NPA) ratio stood at 11.01 percent for Q3FY19 compared to 11.31 percent a year ago, and 11.78 percent in the September quarter.

Net NPA ratio declined to 4.26 percent in Q3Fy19 compared to 4.97 percent a year ago and 4.86 percent in the September quarter.

At 09:30 hrs Bank Of Baroda was quoting at Rs 116.60, up Rs 2.75, or 2.42 percent, on the BSE.