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Bank of Baroda: With loan recast hazy, strong re-rating few quarters away

While BoB has displaced PNB in terms of loan book size, sustaining Q2 momentum is critical

Bank of Baroda
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While BoB is the most preferred PSU bank stock next to SBI, analysts aren’t in a hurry to upgrade their recommendation on the stock

Hamsini Karthik Mumbai
If State Bank of India’s September quarter (Q2) results stunned the Street, Bank of Baroda’s (BoB) performance was no less. With over five per cent loan growth and 15 per cent growth in retail credit — aiding 128 per cent year-on-year (YoY) increase in net profit — the good show helped the stock gain over 11 per cent after Q2 results.

Interestingly, with a loan book size of Rs 6.69 trillion as on September 30, BoB has displaced Punjab National Bank, or PNB (Rs 6.53 trillion), on this parameter. What’s noteworthy is that last year, when the mega consolidation of public

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First Published: Nov 19 2020 | 6:07 PM IST

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