It added: Bank of Baroda's reported net interest margins (NIMs) may continue to witness pressure and may fall below its guided range to 3.05 per cent due to competitive pricing in corporate lending and growth in retail skewed towards secured lending.
Lower treasury income and recoveries from written-off loans, Nomura said, may result in sequential decline in return on assets (RoA) to 1.1 per cent from 1.2 per cent Y-o-Y and 1.3 per cent Q-o-Q.
The brokerage further projects loan growth to rise 12.3 per cent Y-o-Y to Rs 11.5 trillion, and deposit at 14 per cent to around Rs 14.20 trillion.GNPA is seen at 2.4 per cent, NNPA at 0.6 per cent, and provision coverage ratio (PCR) at 76.5 per cent (up 2bps).
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