Bank of Baroda Q3 net profit seen up 19.6% at Rs 996.1 cr

Country's third largest public sector bank - Bank of Baroda is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its net profit is expected to go up by 19.6% to Rs 996.1 crore from Rs 832.5 crore on year-on-year basis.

Net interest income is seen going up by 31% to Rs 2,095.8 crore from Rs 1,601.2 crore (YoY).

Expectations

*NII expected to be flat QoQ due to increase in costs of deposits
*Margins cushioned: 100-125 bps deposit hike offset by PLR hike
*Loan growth: 28%
*Treasury profits to decline
*Loan & Deposit growth: 30%
*No significant pressure on asset quality
*Provisions likely to go up, 2nd pension liability provisions monitorable
*Bank has not provided for 2nd pension liability

Guidance given in Q2
* Expect loan growth of 23% in FY11
* Domestic NIM to remain at 3.5%