Bank of Baroda is likely to see net profit down 50.6 percent at Rs 295.4 crore in January-March quarter from Rs 598.3 crore in corresponding quarter last fiscal.
According to a CNBC-Tv18 poll, the bank's net interest income (NII) may also fall 4.4 percent to Rs 3032.6 crore against Rs 3171.7 crore in year-ago period.
Factors to watch
#As per the management, worst in terms of asset quality is behind them However, any hiccups in asset quality can see stock tanking in the market#Asset quality movement and stressed assets guidance will be keenly seen#Run-rate of slippage seen at about Rs 4000-5000 cr #Loan growth has remained tepid for the bank due to stressed assets formation#This has led to decline in NII growth and margins#Therefore, need to watch loan growth, margins and NII movement #Bank to continue focusing on RAM = Retail / Agri / MSME
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