 "Bank of Baroda")
Hit by business disruption amid Covid-19 outbreak and merger with Dena and Vijaya Bank, state-owned Bank of Baroda is likely to post muted March quarterly earnings on Tuesday, June 23. While analysts remain divided on the bank’s net profit, which ranges from Rs 356 crore to (-) Rs 1,659 crore; asset quality figures due to exposure to the telecom sector would be under their radar.
The bank had incurred a net loss of Rs 991.4 crore in the year-ago quarter, which widened to Rs 1,407 crore in Q3FY20. Net interest income (NII) was Rs 5,067 crore in Q4FY19, and Rs 7,129.1
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