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.

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