Bank of Baroda Q4 results preview: Bank of Baroda (BANKBARODA) is all set to report its financial results for the January-March period on Tuesday, May 16. Analysts expect the lender — India’s second largest state-run bank by market capitalisation — to clock an overall strong performance backed by improvement in asset quality with a reduction in new bad loans.
According to Zee Business research, Bank of Baroda is likely to report a standalone net profit of Rs 4,070 crore for the quarter ended March 2023, which translates to growth of 128.8 per cent compared with the corresponding period a year ago.
The analysts estimate growth in the PSU bank’s net interest income (NII) — or the difference between interest earned and interest paid — at 33.2 per cent on a year-on-year basis to Rs 11,470 crore.
According to the research, Bank of Baroda’s net interest margin (NIM) — a key measure of profitability for a financial institution — is estimated to remain steady. For the quarter ended March 2022, the PSU lender’s NIM had stood at 3.08 per cent.
(This story will be updated shortly)
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