Skip to main content

Bank of Baroda - Q4 Results

Bank of Baroda - Q4 Results Update.

The bank's net interest income (NII) grew 43.0% on back of strong growth in advances (34.9%), improvement in C/D ratio from 70.2% in Q4FY08 to 74.8% in Q4FY09 and improvement in liability mix.

Its net profit grew whopping 172.3% on back of robust NII growth (43.0%), strong traction in non-interest income (53.9%), lower growth in operating expenses (17.4%) and 35.5% decline in provisions & contingencies. Asset quality of the bank witnessed improvement both YoY as well as QoQ. Both gross and net NPA declined in absolute as well as in percentage terms.

The stock is a re-rating candidate due to improvement in its return profile; consequently, BoB remains one of preferred pick in the banking sector space.
Labels:

Popular posts from this blog

What is Gold ETF - Gold Bees, HDFC Gold, Kotak Gold?

What is Gold Bees or Gold ETF? Gold ETFs are open-ended mutual fund schemes that will invest the money collected from investors in standard gold bullion (0.995 purity). The investors' holding will be denoted in units, which will be listed on a stock exchange.They provide returns that would closely track the returns from physical gold in the spot market. An investor can buy and redeem the units either directly from the mutual fund or from the stock exchange.Presently there are many Gold ETFs traded in NSE India . Some of the listed Gold ETFs are GoldBees ,Reliance Gold,Kotak Gold,UTI Goldshare Why choose Gold? Gold holds its own in any investment evaluation on its strengths as a hedge against inflation, value in the event of political uncertainties and its traditionally negative co-relation with other asset classes such as stocks, fixed income securities and commodities. The value of goods and services that gold can buy has remained stable unlike currencies that have...
Read more

Historical Sensex Returns Updated - 2024

Historically Sensex has given returns of about 15% per year, despite volatility and price fluctuations of about -20% to +60%. The following table shows S&P BSE Sensex historical data - start  & close values and the yearly returns of the sensex from 2000 to 2024. So far during the year the   index has hit an all-time high of  75,124   and despite markets hitting all time highs not all stocks make all-time highs. There are many stocks still below their highs. Stocks like HDFC Bank, ITC, Asian paints are still well below their highs and some of them have given low returns over last 3-5 years. Individual or Retail investors can achieve consistent returns through investing via mutual funds , whether it be active or passive. Chasing returns from individual stocks is futile. Be a wise investor !
Read more