India's Bank of Baroda slumps on lower core lending income

Bank of Baroda

06/05/2025 10:46

** Shares of Bank of Baroda BOB.NS down 10% at 224.21 rupees; set to log their worst day in 11 months

** Public sector bank index .NIFTYPSU down 4.6%; BOB top loser on the index

** BOB reports 6.6% y/y drop in Q4 net interest income - difference between interest earned and paid - to 110.2 billion rupees

** Its provisions for taxes dip ~21% in the quarter, leading to ~6% rise in consol net profit after tax

** Profit before tax down 1.7%

** Net interest margin falls to 2.86% in the quarter from 3.27% a year ago

** Domestic slippages, or the proportion of good loans turning bad, rise to 28.71 billion rupees from 28.41 billion rupees a year ago

** Over 32.2 million shares traded, 2.9x the 30-day avg.

** Stock erases YTD gains, down ~7% so far in 2025

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))