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Last Updated : Feb 10, 2017 11:14 AM IST | Source: CNBC-TV18

Bank of Baroda may turn profitable in Q3, NII may grow 24%

Net interest income, the difference between interest earned and interest expended, may grow 24.2 percent to Rs 3,360 crore against Rs 2,705.3 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18.


Public sector lender Bank of Baroda is expected to turn profitable in October-December quarter, with net income at Rs 620 crore against loss of Rs 3,342 crore in year-ago quarter.


Net interest income, the difference between interest earned and interest expended, may grow 24.2 percent to Rs 3,360 crore against Rs 2,705.3 crore on yearly basis, according to average of estimates of analysts polled by CNBC-TV18.


Asset quality will be closely watched. In Q2FY17, slippages fell sharply by 48 percent to Rs 2,861 crore from Rs 5,527 crore in Q1 and even restructured book declined to Rs 13,860 crore from Rs 14,164 crore QoQ.

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Recovery increased 53 percent to Rs 1,653 crore from Rs 1,081 crore and upgrades fell 26.3 percent to Rs 1,034 crore from Rs 1,402 crore on sequential basis.



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First Published on Feb 10, 2017 11:09 am
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