Bank of Baroda

Bank of Barodas 3QFY11 PAT grew 28% y-o-y due to strong NII growth and lower provisions

For quarter ended Q3FY12, Bank of Baroda (BOB)

For quarter ended September ended Q2FY12, Bank of Baroda (BOB)

For Q4FY12, BOB posted higher earnings aided by write back of taxes and lower provisions

BOBs reported a comparatively stable Q1FY13 performance compared to some other PSU banks

BOB reported disappointing operating performance and higher stress on asset quality

Bank of Baroda net profit dips because of higher provisioning and rise in operating expenses at10.9%. The loan growth for the January-March quarter of 2013 was slower at 14.2%. The earning estimates of the bank have been lowered for this fiscal year. Investors can buy the stock only on dips between Rs 631 to Rs 666.