BANK OF BARODA
BROKERAGE RADAR MORGAN STANLEY ON BANK OF BARODA : 09.08.2021
* Morgan Stanley on Bank of Baroda: Maintain Overweight, Target at Rs 110/share
* Core PPOP and asset quality surprise positively
• Key positives were a core PPOP beat of 4%
• Lower-than expected bad loan formation at 1.5% non-annualized
* Credit costs above est. driven by higher GNPL coverage
BANK OF BARODA
