External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Advances growth was modest at 9% YoY and de-grew by 2% QoQ. Retail advances growth was healthy at 21/4% YoY/QoQ (25% Mix vs 23% YoY).</li><li>Agri and SME book growth was flat QoQ, while corporate book de-grew by 6% QoQ. Deposit growth was disappointing at 9% YoY and de-growth of 2% QoQ.</li><li>CASA Ratio stood at 40.6% vs 40.3/41.3% YoY/QoQ. C-D Ratio stood steady at 82% vs 82.2% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Advances growth was modest at 9% YoY and de-grew by 2% QoQ. Retail advances growth was healthy at 21/4% YoY/QoQ (25% Mix vs 23% YoY).Agri and SME book growth was flat QoQ, while corporate book de-grew by 6% QoQ. Deposit growth was disappointing at 9% YoY and de-growth of 2% QoQ.CASA Ratio stood at 40.6% vs 40.3/41.3% YoY/QoQ. C-D Ratio stood steady at 82% vs 82.2% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank of Baroda - Muted Quarter; Confident of Delivering on FY25 Guidance!

<ul><li>The margin is expected to remain stable at 3.15% for FY25. Advances growth is anticipated to remain robust, aiding healthy growth in Net Interest Income (NII).</li><li>Operating expenses are expected to remain elevated, mainly driven by provisions for wage revision.</li><li>The restructured book is expected to reduce, aiding improvement in asset quality. Credit cost is expected to remain below 1%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The margin is expected to remain stable at 3.15% for FY25. Advances growth is anticipated to remain robust, aiding healthy growth in Net Interest Income (NII).Operating expenses are expected to remain elevated, mainly driven by provisions for wage revision.The restructured book is expected to reduce, aiding improvement in asset quality. Credit cost is expected to remain below 1%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank of Baroda - Sequential Margin Improvement with Stable Asset Quality!

<ul><li>Margin is expected to remain stable at 3.15% for FY24. Advances growth to remain robust aiding healthy growth in NII.</li><li>Opex is expected to remain elevated mainly driven by provision for wage revision.</li><li>Restructured book is expected to reduce aiding improvement in asset quality. Credit cost is expected to remain below 1%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Margin is expected to remain stable at 3.15% for FY24. Advances growth to remain robust aiding healthy growth in NII.Opex is expected to remain elevated mainly driven by provision for wage revision.Restructured book is expected to reduce aiding improvement in asset quality. Credit cost is expected to remain below 1%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank of Baroda - Margins Stability to Help Sustain ROA, Maintain Buy

<ul><li>Gross advances reported a robust growth of 17/3% YoY/QoQ.</li><li>The healthy growth in the loan book was driven by retail book growth of ~22/5% YoY/QoQ (Personal loan, up 67/16% YoY/QoQ), Agri loan growth of 14% YoY, and Corporate book growth of 17% YoY.</li><li>Margins reported a sharp decline of 26/20bps to 3.07% due to an increase in the cost of deposit by 24bps QoQ to 4.92%. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gross advances reported a robust growth of 17/3% YoY/QoQ.The healthy growth in the loan book was driven by retail book growth of ~22/5% YoY/QoQ (Personal loan, up 67/16% YoY/QoQ), Agri loan growth of 14% YoY, and Corporate book growth of 17% YoY.Margins reported a sharp decline of 26/20bps to 3.07% due to an increase in the cost of deposit by 24bps QoQ to 4.92%. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank of Baroda - Margins Decline; Advances Growth Momentum Remains Intact

<ul><li>Bank of Baroda (BoB) is the second-largest PSU bank in India and is focused on unlocking its value by improving its retail distribution network and leveraging digitization across the value chain.</li><li>The management is targeting steady advances growth of 14-15% in FY24, outpacing the expected industry growth rate by 1- 2%.</li><li>It expects it to achieve this by increasing the retail mix, which brings higher margins and entails lower risk than the corporate segment, and simultaneously striking the right Asset-Liability management and improving asset quality. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank of Baroda (BoB) is the second-largest PSU bank in India and is focused on unlocking its value by improving its retail distribution network and leveraging digitization across the value chain.The management is targeting steady advances growth of 14-15% in FY24, outpacing the expected industry growth rate by 1- 2%.It expects it to achieve this by increasing the retail mix, which brings higher margins and entails lower risk than the corporate segment, and simultaneously striking the right Asset-Liability management and improving asset quality. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bank of Baroda - Steady Growth with Stable Asset Quality; Poised for Re-Rating!

India

Bank of Baroda owns and operates commercial banks in India.  The Group's banks provide the traditional forms of banking services, including CD's, Credit Card services and a variety of car loans, in addition to gold banking and a range of insurance services.  The Group also owns IBU International Finance Limited, an international banking company in Hong Kong.

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Bank Of Baroda (BOB IN)

Bank of Baroda - Muted Quarter; Confident of Delivering on FY25 Guidance!

Advances growth was modest at 9% YoY and de-grew by 2% QoQ. Retail advances growth was healthy at 21/4% YoY/QoQ (25% Mix vs 23% YoY).

Axis Direct

Bank of Baroda - Sequential Margin Improvement with Stable Asset Quality!

The margin is expected to remain stable at 3.15% for FY25. Advances growth is anticipated to remain robust, aiding healthy growth in Net Interest...

Axis Direct

Bank of Baroda - Margins Stability to Help Sustain ROA, Maintain Buy

Margin is expected to remain stable at 3.15% for FY24. Advances growth to remain robust aiding healthy growth in NII. Opex is expected to remain...

Axis Direct

Bank of Baroda - Margins Decline; Advances Growth Momentum Remains Intact

The healthy growth in the loan book was driven by retail book growth of ~22/5% YoY/QoQ (Personal loan, up 67/16% YoY/QoQ), Agri loan growth of 14% YoY

Axis Direct

Bank of Baroda - Steady Growth with Stable Asset Quality; Poised for Re-Rating!

The management is targeting steady advances growth of 14-15% in FY24, outpacing the expected industry growth rate by 1- 2%.

Axis Direct

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