{"id":10734,"date":"2017-03-01T19:48:26","date_gmt":"2017-03-01T14:18:26","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=10734"},"modified":"2017-03-01T19:48:26","modified_gmt":"2017-03-01T14:18:26","slug":"bank-of-baroda","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/equities\/bank-of-baroda\/10734","title":{"rendered":"Bank of Baroda"},"content":{"rendered":"<p><strong>On a strong footing\u2026<\/strong><\/p>\n<p style=\"text-align: justify;\">Bank of Baroda (BOB) is the third largest public sector bank (PSB) in India in terms of asset size and the fourth largest bank in terms of branches. The bank has strong domestic presence with 5,382 branches and 10,404 ATM\u2019s across the country. BOB is also known as the international bank of India as it has one of the largest branch networks in foreign countries. BOB has presence in over 27 countries with 139 overseas branches\/offices, which generates close to 27% of its total business.<\/p>\n<p style=\"text-align: justify;\"><strong>View &amp; Valuation<\/strong><\/p>\n<p style=\"text-align: justify;\">Although we expect consolidation in the loan book to continue for the next couple of quarters, we continue to like the bank owing to improvement in the bank\u2019s core operating performance, able management and higher provision coverage ratio. Further, the bank has enough room to achieve higher business growth as it is well capitalized among PSU banks. Overall, BOB is on the right track. We recommend BUY rating with a TP of Rs195 valuing the bank at P\/ABV of 1.3x for FY19E.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/03\/Bank-of-Baroda-Ltd.pdf\">Bank of Baroda Ltd<\/a><\/p>\n<p style=\"text-align: justify;\"><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On a strong footing\u2026 Bank of Baroda (BOB) is the third largest public sector bank (PSB) in India in terms of asset size and the fourth largest bank in terms of branches. The bank has strong domestic presence with 5,382 branches and 10,404 ATM\u2019s across the country. BOB is also known as the international bank [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Baroda<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Bank of Baroda. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/bank-of-baroda\/10734\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Baroda\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Bank of Baroda. 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