Bank of Baroda is confident that it can adhere to the central bank's proposed loan-loss mechanism, which would see lenders assess the probability of default upfront and provision accordingly. The lender's credit cost, the projected quantum of potential losses on total loans, was at 0.14% in the January-March quarter, down from 0.37% the previous quarter and 2.69% a year ago. Its gross non-performing assets (NPA) ratio fell to 3.from Banking/Finance-Industry-Economic Times https://ift.tt/WsTxoBG
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