Why Bank of Baroda is among preferred PSBs

Tab on slippages and strengthening retail business place it ahead of peers

Bank of Baroda (BoB) is among the few public sector banks (PSBs) which are better placed to reclaim the lost investor faith. According to a Bloomberg analyst poll, the stock enjoys better investor

preference today than six months ago.

Reasons such as its ability to walk its talk on containing bad loan formation, steady efforts to boost its retail operations and renew its focus on overall lending have been favourable. Thus, analysts believe the bank might achieve its FY18 targets and have readjusted their earnings estimates.

Analysts at Nomura have raised their net profit estimate for FY18 and FY19 by one