Bank of Baroda slippage ratio to enhance in FY21: CEO Sanjiv Chadha

Bank of Baroda slippage ratio to enhance in FY21: CEO Sanjiv Chadha

A quarter for the last few quarters in addition to reduced slippages, BoB will also look to improve its quarterly recovery rate, which has remained at around Rs 4,000 crore.

Bank of Baroda (BoB) expects slippages (fresh accretion of bad loans) to drop through the quarter that is fourth. The lender ratcheted up slippages of Rs 10,387 crore throughout the quarter, against the average of Rs 6,000 crore it reported in previous quarters december. […]