Bank of Baroda Q2 PAT seen up 7.3% to Rs 1093.2 cr

25261 Investors following Bank of Baroda. Share this News with them.

0

Like this story, share it with millions of investors on M3

Bank of Baroda Q2 PAT seen up 7.3% to Rs 1093.2 cr

State-owned Bank of Baroda is expected to report profit after tax of Rs 1,093.2 crore in the second quarter of FY12, a growth of 7.3% as compared to Rs 1,019.3 crore in the corresponding quarter of last fiscal.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ News and Notices about Bank of Baroda See interviews with Bank of Baroda Management See what other Experts & Brokerages are saying about Bank of Baroda See previous Results of Bank of Baroda

State-owned Bank of Baroda is expected to report profit after tax of Rs 1,093.2 crore in the second quarter of FY12, a growth of 7.3% as compared to Rs 1,019.3 crore in the corresponding quarter of last fiscal, according to CNBC-TV18 estimates.

Net interest income is likely to go up by 16% to Rs 2,361.8 crore from Rs 2,038.1 crore during the same period.

Expectations

*Margins expected to remain stable
o         Increased lending rates by 125 bps over past 6 months
o         Margins saw a decline last quarter - stood at 3.39%

*Net profit likely to be muted due to
o         Sharp increase in credit costs
o         Sharp increase in provisioning expenses

*Asset quality likely to remain stable with downside bias
o         Asset quality likely to be one of the best in the PSU space

*Loan growth expected at 25%
*Fee income expected to be muted at 5%
*International loan book will be positively impacted due to rupee depreciation