Bank of Baroda: With loan recast hazy, strong re-rating few quarters away

While BoB has displaced PNB in terms of loan book size, sustaining Q2 momentum is critical

Topics
Bank of Baroda | Debt recast

Hamsini Karthik 

If State Bank of India’s September quarter (Q2) results stunned the Street, Bank of Baroda’s (BoB) performance was no less. With over five per cent loan growth and 15 per cent growth in retail credit, thus aiding 128 per cent year-on-year increase in net profit, the good show has helped the stock gain over 11 per cent post Q2 results.

The interesting aspect lately playing out is that with loan book size of Rs 6.69 trillion as on September 30, 2020, BoB has displaced Punjab National Bank (PNB; Rs 6.53 trillion) on this parameter. What’s noteworthy is that last year, ...

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First Published: Thu, November 19 2020. 18:07 IST
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