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Bank of Baroda

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  BANK OF BARODA Bank of Baroda reported a steady operating performance. A healthy growth rate. Business growth was strong with loans growing 6% Q-o-Q. Asset quality improved sharply with GNPA and NNPA ratios falling NIM fell 5 bps q-o-q to 3.08%. FIIs holding increased from 7.37 to 9.14 in Q4 and  DIIs holding increased from 14.65 to 15.08. Risk reward looks attractive and valuation is inexpensive. The potential upside of 28%