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Bank of Baroda Q3 earnings today: Net profit likely to decline by 12%

Updated : January 24, 2020 09:37 AM IST

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.
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