Exposure to power sub-7%, Sept 1 order to give clarity: BoB

Written By Unknown on Selasa, 26 Agustus 2014 | 15.45

Ranjan Dhawan does not think the impact of SC ruling will be too profound, but feels investors should wait and watch.

Government focussed on reviving power sector and resolving its issues

Ranjan Dhawan

Executive Director

Bank of Baroda

The Supreme Court verdict terming all coal block allocation since 1993 as illegal will have major implications on all parties related. Besides mining, power and metal space, it is likely to impact banks as well which have exposure to power sector.

In an interview to CNBC-TV18, Ranjan Dhawan, Executive Director, Bank of Baroda , said the bank's exposure to the power sector stands below 7 percent, while in iron and steel sectors it is around 5.25 percent.

Dhawan does not think the impact of SC ruling will be too profound, but feels investors should wait and watch. He expects SC's September 1 order to give further clarity on the matter.

He said the government is focused on reviving and resolving the issues in the power sector, thus he does not see a permanent status quo being maintained on the coal block issue.

Bank of Baroda stock price

On August 26, 2014, at 14:12 hrs Bank Of Baroda was quoting at Rs 883.00, down Rs 12.7, or 1.42 percent. The 52-week high of the share was Rs 1009.00 and the 52-week low was Rs 431.00.


The company's trailing 12-month (TTM) EPS was at Rs 109.94 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 8.03. The latest book value of the company is Rs 835.56 per share. At current value, the price-to-book value of the company is 1.06.


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