Bank Of Baroda Q3 Review - Asset Quality Progressing Well, But Not Fully Out Of The Woods: Motilal Oswal 

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Motilal Oswal Report

Bank of Baroda Ltd. reported strong earnings, led by higher treasury gains, steady net interest income growth as domestic margin expanded 11 basis point, and lower provisions.

On the business front, loan growth improved, with domestic advances growing at 4.6% QoQ, led by strong traction across business segments.

Collection efficiency improved to 92%, but remain lower than other private peers. On the asset quality front, pro forma gross non-performing asset/net non-performing asset ratio increased to 9.63%/3.36%.

Total restructuring stood approcimately 1.4% of advances (Rs 95 billion), while special mention account -I/2 (excluding restructuring) stood at 3.6% of loans.

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