Bank of Baroda's stellar Q2 drives re-rating; stock gains 10%1 min read . Updated: 07 Nov 2022, 12:57 PM IST
- Bank of Baroda expects overall credit growth to be around 14-16% for FY23.
Public sector lender Bank of Baroda surprised the Street with a slew of positives in its September quarter earnings performance. Improvement in asset quality and net interest income aided the bank's profit, which exceeded analysts' expectations. Also, it's loan growth increased 20.6% year-on-year in Q2FY23.
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