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Bank of Baroda
Standard & Poors, Dec 2007
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
Strong market position in the domestic market as the fifth-largest bank in India. Adequate profitability and capitalization. Comfortable liquidity profile. Weak asset quality compared with its domestic peers. The counterparty credit rating on Bank of Baroda (BoB) reflects the bank's strong market position in the domestic market as the fifth-largest bank in India, adequate profitability and capitalization, and comfortable liquidity profile. However, the bank's asset quality is weak compared with its domestic peers. As at Sept. 30, 2007, the bank had a total asset size of Indian rupee (INR) 1,512 billion and a significant market presence, with a network of 2,708 domestic branches and 63 overseas offices. BoB's majority government ownership of 53.8% supports its strong retail franchise, which reflects...
Companies mentioned in this report are: Bank of Baroda (Unsolicited Ratings)
Action: Review
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