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Hope springs for Bank of Baroda as virus effects seen manageable

India virus pandemic
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₹25,000 crore. A key assumption is that loans to large companies won’t turn bad. The increase in bad loans will be from retail and those will not be big.The bank also expects loan growth of 7-8% for FY21, higher than the 6% growth seen last fiscal year.

The merger, which took effect 1 April 2019, had kept the bank’s staff preoccupied. Therefore, pushing credit and recovering from borrowers was slow last year.

While the pandemic will impact growth, the low base from last year can make FY21 growth numbers look better.The merger has benefitted the bank in terms of cost reduction and increase in efficiencies.

Post-merger, it did not have to open new branches at the same pace it was earlier used to. Moreover, the merger has beefed up its.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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