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BoB Q2 preview: Lower treasury gain, elevated credit cost may cap profit

MOFSL pegs Bank of Baroda's net profit at Rs 139.4 crore for the recently concluded quarter as against net profit of Rs 737 crore in the year-ago quarter

During the quarter, the stock price of the bank crashed 15.5 per cent on the BSE
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During the quarter, the stock price of the bank crashed 15.5 per cent on the BSE

Nikita Vashisht New Delhi
State-owned Bank of Baroda (BoB) is set to report its September quarter earnings for FY21 (Q2FY21) on Thursday, October 29. Lower treasury gains, flat net interest income (NII) and net interest margin (NIM), and elevated credit costs may cap net profit, say analysts.

During the quarter, the stock price of the bank underperformed at the bourses. Between June 30 and September 30, 2020, the stock price of the lender crashed 15.5 per cent on the BSE, as against a 9 per cent growth in the S&P BSE Sensex.

Here's what leading brokerages expect from Q2 nos:

Motilal Oswal Financial Services

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First Published: Oct 28 2020 | 2:05 PM IST

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