Any current/future new fundraising through debt or equity?

The bank has approval to raise foreign currency funds, primarily through subordinated debt (Tier 2 capital) or Additional Tier 1 (AT-1) bonds, not equity. The capital raise is expected to be done in parts: some in the current quarter and some in the next quarter. Formal notifications to the Stock Exchange will be made before finalizing fundraising decisions. There is no immediate plan for equity capital raising. No plans for Asset Reconstruction Company (ARC) sales currently, though it remains flexible based on demand. The bank aims to optimize bulk deposit growth to maintain margins but no sp

Any current/future capex/capital investment/strategic investment?

The bank plans to raise funds primarily through subordinated debt (Tier 2 capital) and AT-1 bonds, not equity capital. Some portion is expected to be raised within the current and next quarter, with Stock Exchange notification before final decisions (Page 25). No specific mention of immediate large capex or strategic capital investment projects is detailed in these pages. The bank is focused on scaling up its digital business internally, with a new Head of Digital Banking appointed from within; external hiring for CDO role may be considered if needed (Page 27-28). There is a broader strateg

Future growth expectations in sales/revenue/volumes?

Bank of Baroda expects overall loan book growth above 15% annually. Corporate loan growth is projected at 12-13%. Retail loan growth is targeted to exceed 20%. International loan growth is expected to align with domestic growth at around 15%. Retail portfolio mix aims to increase from 27% to 35% in 2-3 years. Continuing strong growth in retail loans but moderating unsecured personal loan growth to 35% YoY from previous ~60-70%. Deposit growth guidance is 12-13% YoY, with focus on improving CASA ratio from 39.6% toward 41%. Fee income and non-interest income growth facilitated by enhanced accou

Future growth expectations in earnings/operating earnings/profits/EPS?

Bank of Baroda expects strong growth with overall loan book growing above 15% YoY. Retail loan growth is targeted at over 20% YoY, while corporate growth is foreseen around 12-13%. International loan growth is aligned with domestic growth of approximately 15%. Operating profits grew 33% YoY in the recent quarter; net profit rose 28.4% YoY. For the half year, net profit increased by 52%, operating profit by 33%. Return on Assets (ROA) is maintained above 1%, specifically at 1.12% for the half year. Net Interest Income (NII) grew close to 15% for the half year and around 7% QoQ. The Net Interest

Bank of BarodaQ2 FY24Banks

Bank of Baroda Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹231P/E: 5.5Market Cap: ₹1.2L CrSector: Banks

Management growth scorecard

Revenue

Category 3

Margin

Category 4

Fundraise

Order

N/A

Capex

N/A

0 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

Bank of Baroda expects overall loan book growth above 15% annually.
Corporate loan growth is projected at 12-13%.
Retail loan growth is targeted to exceed 20%.
International loan growth is expected to align with domestic growth at around 15%.
Retail portfolio mix aims to increase from 27% to 35% in 2-3 years.
Continuing strong growth in retail loans but moderating unsecured personal loan growth to 35% YoY from previous ~60-70%.
Deposit growth guidance is 12-13% YoY, with focus on improving CASA ratio from 39.6% toward 41%.
Fee income and non-interest income growth facilitated by enhanced account planning, relationship management, and cash management services.
The bank intends to open new branches strategically to cater to business profile shifts and metro outskirts expansion, though specific branch count for the fiscal year is not quantified.

Margin guidance

Category 4

Bank of Baroda expects strong growth with overall loan book growing above 15% YoY.
Retail loan growth is targeted at over 20% YoY, while corporate growth is foreseen around 12-13%.
International loan growth is aligned with domestic growth of approximately 15%.
Operating profits grew 33% YoY in the recent quarter; net profit rose 28.4% YoY.
For the half year, net profit increased by 52%, operating profit by 33%.
Return on Assets (ROA) is maintained above 1%, specifically at 1.12% for the half year.
Net Interest Income (NII) grew close to 15% for the half year and around 7% QoQ.
The Net Interest Margin (NIM) outlook is revised to 3.15% ± 5 bps for the full year.
Fee income and non-interest income are increasing due to strategic focus on relationship banking.
The bank aims for balanced, diversified growth across segments with moderate moderation in unsecured personal loans growth (targeted around 35% YoY).

See what Bank of Baroda management said on margin guidance — free account, 30 seconds.

Fundraise plans

The bank has approval to raise foreign currency funds, primarily through subordinated debt (Tier 2 capital) or Additional Tier 1 (AT-1) bonds, not equity.
The capital raise is expected to be done in parts: some in the current quarter and some in the next quarter.
Formal notifications to the Stock Exchange will be made before finalizing fundraising decisions.
There is no immediate plan for equity capital raising.
No plans for Asset Reconstruction Company (ARC) sales currently, though it remains flexible based on demand.
The bank aims to optimize bulk deposit growth to maintain margins but no specific large bulk deposit attraction strategy detailed beyond ongoing efforts.

Order book

The provided pages from the Bank of Baroda's discussion do not contain any information regarding current, expected order book, or pending orders. The content primarily focuses on topics such as: - RBI regulatory actions related to customer onboarding on the "bob World" app. - Bank strategy on branch expansion and customer acquisition. - Loan book growth and segmentation. - Issues concerning a specific aviation account classified as NPA. - Deposit growth and bulk deposit strategy. - Capital raising plans, primarily through debt instruments. - Recovery targets and ARC sale plans. No mention or data relating to order books or pending orders is available in the given transcript extract.

See what Bank of Baroda management said on order book — free account, 30 seconds.

Capex plans

The bank plans to raise funds primarily through subordinated debt (Tier 2 capital) and AT-1 bonds, not equity capital. Some portion is expected to be raised within the current and next quarter, with Stock Exchange notification before final decisions (Page 25).
No specific mention of immediate large capex or strategic capital investment projects is detailed in these pages.
The bank is focused on scaling up its digital business internally, with a new Head of Digital Banking appointed from within; external hiring for CDO role may be considered if needed (Page 27-28).
There is a broader strategic direction to grow the retail loan book to 35% mix in 2-3 years, with commitment to balanced growth and diversified risk (Page 18).
Branch expansion plans are underway with focus on segment-based branch locations and metro outskirts, but no concrete numbers for the current year (Page 26).

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