Bank of Baroda Q2 Results Preview: PAT likely to rise 10% to Rs 5,290 crore, NIM may miss guidance
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bank of Baroda will report its financial results on Friday, October 30.
- ✓Analysts expect a 10 per cent rise in net profit to Rs 5,290 crore for the quarter ended September 30.
- ✓While loan growth looks strong at 18 per cent, the bank’s net interest margin may miss its guidance.
Story at a Glance
- Category
- MARKET
- Reported By
- Zee Business
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Gujarat-headquartered PSU lender Bank of Baroda is scheduled to report its financial results on Friday, October 30. Analysts expect the PSU bank to stage a strong performance for the second quarter of the currens financial year, on the back of double-digit percentage growth in advances.
According to Zee Business research, Bank of Baroda is estimated to register a net profit of Rs 5,290 crore for the quarter ended September 30, which translates to a year-on-year increase of 10 per cent. Its net interest income (NII) -- a key measure of a bank's core income, calculated by subtracting interest paid from interest earned -- is estimated to increase 3.5 per cent on year to Rs 12,370 crore.
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