Bank of Baroda
Standard & Poors, December 2004
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
Abstract
The public information (pi) rating on Bank of Baroda incorporates its sound banking franchise and business profile as one of the larger state-owned banks in India. Its credit profile is underpinned by the bank's relatively large size in India, its majority government ownership, large branch network, and strong retail customer franchise. Bank of Baroda's credit profile is characterized by its improved asset quality, although this is weaker than the industry average. BoB is majority owned by the Government of India (66.8%) and is publicly listed. Despite the government's majority ownership, the day-to-day running of the bank is managed without any direct government or political influence. Although there is no framework for any dilution of the government's ownership in BoB, the...
Companies mentioned in this report are: Bank of Baroda (Unsolicited Ratings)
Action: Review
Bank of Baroda (Unsolicited Ratings)
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