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Bank of Baroda relying on corporate book to face second covid wave

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Mumbai: State-owned Bank of Baroda (BoB) will rely on the strength of its corporate book to tide over the second wave, even as small businesses and retail loans could cause some discomfort.Sanjiv Chadha, chief executive of the bank said on Saturday that as far as the second wave is concerned, the bank is likely to see pretty much a repeat of what it witnessed last year.“Last year, we were not confident what would happen to the corporate sector.

This time, we can say with confidence that the second wave has largely left the large corporate businesses untouched," said Chadha.The lender has a corporate loan book of ₹2.92 trillion, almost unchanged from the last financial year.

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