Bank Of Baroda Q4 Results

BoB reported a strong performance on impairment ratios with gross and net NPLs declining 100bps QoQ to 9.4% and 3.1% respectively

The bank posted a net profit of Rs 506.5 crore in Q4FY20 compared to net loss of Rs 991.3 crore in Q4FY19.

The bank had posted a net profit of Rs 991.37 crore in the January-March quarter of the preceding fiscal ended March 2019

Kajal Gandhi and Vishal Narnolia, research analysts at ICICI Securities, believe that Covid-19 breakout and merger process would lead to sluggish business growth during the quarter under review.

The state-owned bank is also anticipated to report over 70 per cent jump in net profit or profit after tax (PAT) on quarter-on-quarter (q-o-q) basis, as per analysts' estimates