BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Analyst & Media Meet held on 05.08.2023 for Q1 (FY 2023-24) Financial Results11-08-2023
11-08-2023
BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Interest Rates Updates
MCLR w.e.f. 12.08.202311-08-2023
Buy Bank of Baroda; target of Rs 260: Emkay Global Financial
Emkay Global Financial is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 260 in its research report dated August 05, 2023.09-08-2023
Buy Bank of Baroda; target of Rs 240: Motilal Oswal
Motilal Oswal is bullish on Bank of Baroda recommended buy rating on the stock with a target price of Rs 240 in its research report dated August 06, 2023.08-08-2023
Bank of Baroda's NIM slips in Q1; recovery crucial for stock
While the accretion of deposits was muted sequentially, the management expects to continue to mobilize on its deposits base.07-08-2023
Q1FY24 Quarterly Result Announced for Bank of Baroda
Bank of Baroda announced Q1FY24 results: Bank of Baroda's (BOB) quarterly Net profit was higher by 87.7% YoY at Rs 4,070 crore in Q1FY24. BOB has delivered ROA of more than 1% and ROE of around 20%, consistently for the last 4 quarters. This robust growth in profitability was supported by healthy Operating Income growth of 42.9% YoY in Q1FY24. Operating income growth was driven by strong Net Interest Income (NII) growth of 24.4% YoY in Q1FY24 coupled with robust growth in Non-Interest Income which grew 2.8x YoY. Sustained NII growth is attributable to growth in advances of 18.0% (YoY) coupled with traction in Net Interest Margins (NIM), which grew 25 bps YoY at 3.27%. Strong growth in Income coupled with a subdued increase in Opex has resulted in robust Operating profit growth of 73% YoY for Q1FY24. The Bank has been able to effect a reduction in the Cost to Income ratio (excluding Revaluation of Investment) by 166 bps YoY to 47.43% for Q1FY24. BOB has witnessed significant improvement in its Asset quality with a reduction in GNPA by 275 bps YoY to 3.51%. Bank’s NNPA improved to 0.78% with a reduction of 80 bps YoY. BOB’s balance sheet remained robust with a healthy Provision Coverage Ratio (PCR) of 93.23% with TWO & at 78.52% without TWO. This strong and sustainable improvement in asset quality has resulted in a 5 bps YoY decline in Credit Cost at 70 bps for Q1FY24. Excluding prudential provisions credit cost would have been 44 bps in Q1FY24. BOB’s Global Advances registered a strong YoY growth of 18.0% in Q1FY24 led by robust retail loan book growth. Bank’s organic Retail Advances grew by 24.8%, driven by growth in high-focus areas such as Auto Loans (22.1%), Home Loans (18.4%), Personal Loan (82.9%), Mortgage Loan (15.8%), Education Loan (20.8%). Bank achieved a total business of Rs 21,90,896 crore as of June 30, 2023, registering a growth of 17.0% YoY. Result PDF07-08-2023
BANK OF BARODA - 532134 - Disclosure Under Regulation 46 (LODR)
Audio / Video link of Investor / Media meet06-08-2023
Bank of Baroda Q1 net profit jumps 88% YoY
BoB's net interest income is up 24% YoY to 10,997 crore05-08-2023
BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation - Q1 (FY2023-24) Financial Results05-08-2023
BANK OF BARODA - 532134 - Financial Results For June 30, 2023 & Press Release
Financial Results and Press Release05-08-2023