Project 73

Project 73

Published on 18 May 2023
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Transcript
00:00
Bank of Baroda's fourth quarter performance has been welcomed by brokerages, who predict a double-digit increase in share value.
00:08
The bank's net profit quadrupled to Rs.
00:11
1544 crore, with a 6.
00:14
7% increase in the net interest income.
00:18
The asset quality showed improvement as gross non-performing assets declined and the Covid-19 provision reduced.
00:25
Brokerages have also appreciated Bank of Baroda's deposit growth and the bank's capital position after raising Rs.
00:33
4,500 crore through an equity raise.
00:37
HDFC Securities stated that Bank of Baroda is now on a strong footing and expects a "double-digit upside" due to its profitable quarter with higher growth prospects.
00:48
Similarly, Axis Securities predicted a 27% hike in the bank's share value, while Motilal Oswal sees it rising in the next 12 months.