Sensex trades lower, Nifty breaks 10200; WPI inflation spikes to 3.59%
Public sector lender Bank of Baroda’s second-quarter profit is expected to fall 16.8 percent to Rs 459.3 crore against Rs 552.1 crore in year-ago. It may be impacted by higher provisions due to the aging of non-performing assets.
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Net interest income, the difference between interest earned and interest expended, may increase 2.7 percent year-on-year to Rs 3,519.6 crore in Q2, according to an average of estimates of analysts.
Analysts feel if slippages come below Rs 3,500 crore (against Rs 5,200 crore in Q1FY18), gross non-performing assets improve (11.4 percent in Q1) and net interest margin comes above 2.5 percent (2.48 percent) then that would be taken positively by the Street.
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