02-Nov-2026 07:58:55
UNIONBANKGeneral news
UBS ON BANK OF BARODA ; BUY | TP ₹300 (EARLIER ₹310)
• UBS maintains Buy rating on Bank of Baroda and cuts target price to ₹300 from ₹310. • Q2 NII stands at ₹13,000 crore, UP 4% QoQ, while NIM declines 3 bps to 2.74%. • Adjusted PAT grows 12% YoY to ₹5,400 crore, while GNPA improves to 1.78%. • Bank raises FY27 loan growth guidance to 13–15% and deposit growth guidance to 11–13%. • Retains FY27 NIM guidance of 2.75–2.95%.
UNION BANK OF INDIA