Brief: Bank Of Baroda CEO Says Reducing Credit Growth Guidance To 11-13% Compared To 12-14% For FY25

Bank of Baroda

25/10/2024 13:26

Oct 25 (Reuters) - Bank of Baroda Ltd  BOB.NS :
    * INDIA'S BANK OF BARODA CEO: REDUCING CREDIT GROWTH
GUIDANCE TO
11-13% COMPARED TO 12-14% FOR FY25
    * BANK OF BARODA CEO: REDUCING DEPOSIT GROWTH GUIDANCE TO
9-11% 
FOR FY25
    * BANK OF BARODA CEO: WILL MAINTAIN NIMS AT AROUND
3.10-3.15%
    * BANK OF BARODA CEO: EXPECT DROP IN DEPOSIT COSTS FOR Q3
AND Q4
    * BANK OF BARODA CEO: CAN LOOK TO SLOW DOWN GROWTH IN
CORPORATE
LOANS TO PROTECT NIMS
    * BANK OF BARODA CEO: BAD LOAN RECOVERY TARGET OF 120
BILLION
RUPEES FOR FY25
    * BANK OF BARODA CEO: BOOK NOT SHOWING MAJOR SIGNS OF STRESS
FROM
MICROFINANCE LOANS

Source text for Eikon:  ID: 
Further company coverage:  BOB.NS 

 ((Reuters.Briefs@thomsonreuters.com;))