India's second-largest public sector lender Bank of Baroda is set to declare its third-quarter results on Friday. It is expected to be a weak quarter for the bank. Here are the key expectations:
- Analysts are expecting slippages worth Rs 8,000-12,000 due to Rs 5,250 crore of FY19 gross non-performing assets (NPA) divergence.
- Asset quality is likely to deteriorate with loan growth remaining muted.
- Treasury could aid the topline growth.
- Quarter-on-quarter, net interest income (NII) growth of 2.2 percent is expected while net profit could decline by 12.5 percent.