 "Bank of Baroda")
Healthy operating profit, steady interest income, and some recoveries from stressed accounts, along with fewer provisions, may help Bank of Baroda report profit in the June quarter of FY22 (Q1FY22). However, the bottom line growth may be capped by higher slippages, say analysts.
The state-owned lender, which had reported net loss of Rs 864 crore in Q1FY21 and Rs 1,046.5 crore in Q4FY21, is expected to report up to Rs 1,633.3 crore-net profit on Saturday, August 7, for the quarter under review.
Here’s what brokerages expect:
Nomura
The brokerage pegs PAT at Rs 1,175.5 crore for the period under study on the back of
