Moneycontrol
Aug 11, 2017 07:45 AM IST | Source: CNBC-TV18

Bank of Baroda Q1 profit seen up 8% at Rs 459 cr, slippages to be key

Slippages and operating profit growth will be key factors to watch out for. Slippages from restructured book will be seen closely.

Public sector lender Bank of Baroda's first quarter profit is expected to increase 8.4 percent year-on-year to Rs 459.3 crore compared with Rs 423.6 crore in same quarter last year.

Net interest income is likely to rise 4.4 percent to Rs 3,519.6 crore from Rs 3,371.1 crore on year-on-year basis.

Slippages and operating profit growth will be key factors to watch out for. Slippages from restructured book will be seen closely. At the end of March 2017, restructured book was at Rs 10,785 crore.

Analysts said if slippages fall below Rs 3,500 crore (against Rs 4,077 crore in Q4FY17) and gross non-performing assets come below 10.7 percent (10.46 percent) then that will be positive.

Low cost deposit flow may remain strong in June quarter.
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