Brief India: Bank of Baroda - Better NIM Performance Keeps ~1% RoA Hopes Alive and more
In this briefing: Bank of Baroda - Better NIM Performance Keeps ~1% RoA Hopes Alive Kalpataru Projects International Ltd - Strong Beat on Operating Performance; Retain BUY PICK OF THE WEEK : LTIMindtree Ltd - 1 St November, 2025 ACC Ltd - Robust Operating Performance; Maintain BUY Equitas Small Finance Bank Ltd - Margin Tailwinds and Credit Cost Normalisation... 1. Bank of Baroda - Better NIM Performance Keeps ~1% RoA Hopes Alive Corporate Growth Revival Expected; Retail Momentum Strong: The management has continued to guide for the pace of credit growth to range between 11-13% for FY26, with the corporate portfolio growth reviving in H2. The growth opportunities in the highly rated corporates continue to remain subdued, with pricing pressures persisting and most of these corporates tapping bond markets, citing better rates. However, the management envisages stronger corporate growth opportunities supported by a strong corporate sanction pipeline and expectations of revival in private capex and expects growth to settle at 10-11% in FY26.