Bank of Baroda Q3 PAT seen up 12% at Rs 1,200 cr

Bank of Baroda, second largest public sector lender by market cap, is expected to report a profit after tax of Rs 1,200 crore in the third quarter of FY12, a growth of 12% as compared to Rs 1,069 crore in a year ago quarter.

January 25, 2012 / 10:31 IST

Bank of Baroda, second largest public sector lender by market cap, is expected to report a profit after tax of Rs 1,200 crore in the third quarter of FY12, a growth of 12% as compared to Rs 1,069 crore in a year ago quarter.

Net interest income is likely to go up 16% to Rs 2,659.5 crore from Rs 2,292.3 crore year-on-year.

Expectations

- Loan book seen marginally higher than industry level

- Loan growth at 21%
*Loan book growth likely to be driven by overseas book

- Deposit growth at 23%

- NIM compression likely

- Non interest income at 20% growth

- Asset quality has been quite robust

- Slippages and restructured book addition are the key monitorables

- Expect slippages to rise

first published: Jan 25, 2012 10:07 am

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Bank of Baroda Q3 PAT seen up 12% at Rs 1,200 cr

Bank of Baroda, second largest public sector lender by market cap, is expected to report a profit after tax of Rs 1,200 crore in the third quarter of FY12, a growth of 12% as compared to Rs 1,069 crore in a year ago quarter.

BOB

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