Tag: bob net banking

Bank of Baroda (532134.IN) shares have fallen 17% during the last two months as investors fretted in the Indian lender’s soured loans. Nomura sees the dip as being a good buying opportunity and it has upgraded the second largest government-controlled bank from neutral to get.

One reason analyst Adarsh Parasrampuria likes this stock could be that the outlook for the pre-provision operating profit (PPOP) is preferable to its rivals, because of expected improvements in their net interest margins. Nomura forecasts PPOP to cultivate at an average rate of roughly 13% between 2017-19.
Parasrampuria also likes the bob net banking provisioning as India’s central bank cracks down non-performing assets (NPA).
RBI’s recent directive to raise the provisioning for 12 large NPA cases generated uncertainty over near-term P&L provisioning, but BOB’s NPA coverage at 58% could be the highest from the corporate banks and provides comfort, as we see it. Rating agency CRISIL recently indicated a 60% haircut of those 12 large accounts, which is analogous to our 60% haircut assumption used to go to our adjusted book.
However, the analyst can be involved about M&A risks given government moves to consolidate smaller public sector banks (PSU):
M&A risks have risen, with the finance ministry indicating a potential merger of small PSU banks with larger ones. The world thinks BOB’s valuation at 1.0x FY17F book vs. 0.5-0.6x FY17F book for smaller PSUs factors in M&A-related provisioning risks.
Parasrampuria has a INR200 a share target price on Bank of Baroda, meaning 26% upside. The state-owned lender trades at 10 times forward earnings and pays a modest 0.8% dividend yield.
Bank of Baroda (BoB) has a very strong provision coverage ratio in comparison to other public sector undertaking (PSU) banks. Their tier-I capital ratio is also significantly higher. Many other people consolidating their balance sheet, BoB is referring to loan growth
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Bank of Baroda (532134.IN) shares have fallen 17% during the last 8 weeks as investors fretted over the Indian lender’s soured loans. Nomura sees the dip as a good buying opportunity and it has upgraded the second largest government-controlled bank from neutral to buy.

A good reason analyst Adarsh Parasrampuria likes this stock could be that the outlook because of its pre-provision operating profit (PPOP) is better than its rivals, thanks to expected improvements rolling around in its net interest margins. Nomura forecasts PPOP growing within an average rate of roughly 13% between 2017-19.
Parasrampuria also likes the bob net banking provisioning as India’s central bank cracks down non-performing assets (NPA).
RBI’s recent directive to boost the provisioning for 12 large NPA cases resulted in uncertainty over near-term P&L provisioning, but BOB’s NPA coverage at 58% will be the highest from the corporate banks and supplies comfort, as we see it. Rating agency CRISIL recently indicated a 60% haircut of those 12 large accounts, which has similarities to our 60% haircut assumption accustomed to arrive at our adjusted book.
However, the analyst is worried about M&A risks given government moves to consolidate smaller public sector banks (PSU):
M&A risks have gone up, with all the finance ministry indicating a prospective merger of small PSU banks with larger ones. We feel BOB’s valuation at 1.0x FY17F book vs. 0.5-0.6x FY17F book for smaller PSUs factors in M&A-related provisioning risks.
Parasrampuria features a INR200 a share target price on Bank of Baroda, which implies 26% upside. The state-owned lender trades at 10 x forward earnings and pays a modest 0.8% dividend yield.
Bank of Baroda (BoB) features a very good provision coverage ratio in comparison to other public sector undertaking (PSU) banks. Their tier-I capital ratio is also significantly higher. Many other people are consolidating their balance sheet, BoB is speaking about loan growth
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Bank of Baroda (532134.IN) shares have fallen 17% during the last two months as investors fretted in the Indian lender’s soured loans. Nomura sees the dip as a good buying opportunity and has upgraded the second largest government-controlled bank from neutral to get.

A good reason analyst Adarsh Parasrampuria likes this stock is the outlook because of its pre-provision operating profit (PPOP) is preferable to its rivals, because of expected improvements in the net interest margins. Nomura forecasts PPOP to develop within an average rate of roughly 13% between 2017-19.
Parasrampuria also likes the bob net banking provisioning as India’s central bank cracks down non-performing assets (NPA).
RBI’s recent directive to increase the provisioning for 12 large NPA cases triggered uncertainty over near-term P&L provisioning, but BOB’s NPA coverage at 58% will be the highest with the corporate banks and offers comfort, in our opinion. Rating agency CRISIL recently indicated a 60% haircut because of these 12 large accounts, which is similar to the 60% haircut assumption utilized to arrive at our adjusted book.
However, the analyst is worried about M&A risks given government moves to consolidate smaller public sector banks (PSU):
M&A risks have raised, together with the finance ministry indicating a potential merger of small PSU banks with larger ones. We feel BOB’s valuation at 1.0x FY17F book vs. 0.5-0.6x FY17F book for smaller PSUs factors in M&A-related provisioning risks.
Parasrampuria features a INR200 a share target price on Bank of Baroda, which means 26% upside. The state-owned lender trades at 10 times forward earnings and pays a modest 0.8% dividend yield.
Bank of Baroda (BoB) features a very good provision coverage ratio compared to other public sector undertaking (PSU) banks. Their tier-I capital ratio is also significantly higher. Many other people consolidating their balance sheet, BoB is referring to loan growth
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Bank of Baroda (532134.IN) shares have fallen 17% during the last 8 weeks as investors fretted within the Indian lender’s soured loans. Nomura sees the dip as a good buying opportunity and possesses upgraded the second biggest government-controlled bank from neutral to get.

A good reason analyst Adarsh Parasrampuria likes this stock would be that the outlook for its pre-provision operating profit (PPOP) is preferable to its rivals, as a result of expected improvements rolling around in its net interest margins. Nomura forecasts PPOP to cultivate in an average rate of roughly 13% between 2017-19.
Parasrampuria also likes the bob login provisioning as India’s central bank cracks down non-performing assets (NPA).
RBI’s recent directive to raise the provisioning for 12 large NPA cases led to uncertainty over near-term P&L provisioning, but BOB’s NPA coverage at 58% could be the highest of the corporate banks and offers comfort, as we see it. Rating agency CRISIL recently indicated a 60% haircut for these 12 large accounts, which is analogous to our 60% haircut assumption used to go to our adjusted book.
However, the analyst is worried about M&A risks given government moves to consolidate smaller public sector banks (PSU):
M&A risks have raised, with all the finance ministry indicating a prospective merger of small PSU banks with larger ones. The world thinks BOB’s valuation at 1.0x FY17F book vs. 0.5-0.6x FY17F book for smaller PSUs factors in M&A-related provisioning risks.
Parasrampuria includes a INR200 a share target price on Bank of Baroda, which implies 26% upside. The state-owned lender trades at 10 x forward earnings and pays a modest 0.8% dividend yield.
Bank of Baroda (BoB) includes a strong provision coverage ratio in comparison with other public sector undertaking (PSU) banks. Their tier-I capital ratio is additionally significantly higher. Many other people are consolidating their balance sheet, BoB is talking about loan growth
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