- Language: English
- Published: December 2012
- Region: India
Bank of Baroda
- Published: December 2003
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
The ratings on Bank of Baroda's (BoB) incorporate its sound banking franchise and business profile as one of the larger state-owned banks in India. The bank's credit profile is characterized by its improved asset quality, although weaker than the industry. Looking ahead, improving asset quality will remain a challenge given the impending adoption of more stringent recognition of impaired loans in March 2004, to an internationally comparable 90-days from the current 180-day standard. The weak asset quality, however, is moderated by the bank's relatively large size in India, its majority government ownership, large branch network, and strong retail customer franchise. BoB is majority owned by the Government of India (66.2%) and is publicly listed. Despite the government's majority ownership, there...
Companies mentioned in this report are: Bank of Baroda (Unsolicited Ratings)
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Bank of Baroda (Unsolicited Ratings)