Bank of Baroda Moat Analysis: Score & Risks
Bank of Baroda
A first-pass moat teardown of Bank of Baroda, built from single-pass filing evidence. Free note — provisional, and the full two-pass deep dive may revise it.
First-pass narrow read — primary edge in Switching Costs. Provisional, single-pass evidence.
Bank of Baroda scores 4.99 on MoatSCORE 6.0 — a narrow moat in Banks. This is a first-pass note: the dimensional read and the filing receipts below come from a single GFIP evidence pass, not the full two-pass deep corpus behind our flagship deep dives. Provisional — published free while the deep version is queued.
Seven dimensions of moat
Ordered by contribution. Each dimension carries a verified filing quote, graded [M] mechanism or [O] outcome.
“Bank's integration with the Ministry of Corporate Affairs Portal for opening Current Accounts of newly formed companies has resulted in the opening of a total of 122 current accounts.”
“Strong Government Sponsorship with a 63.97% Ownership by Government of India - Government shareholding not permitted to fall below 51.0% of the paid-up capital by the Bank's Nationalization Act”
“Strong domestic presence through 8,648 branches & >10,000 ATMs and Cash Recyclers supported by self-service channels”
“Bank's prudent liabilities management has led to a sequential decline in the cost of deposits for the quarter which stands at 4.75% as against 4.91% in the previous quarter”
“we almost sold Rs 28,000 crores of investment this quarter, precisely to take advantage of the low yield and getting it replaced at a higher yield”
D8 rating: ADEQUATE. Not part of the moat score — it governs the cost of equity and the fade window. First-pass; not yet deep-reviewed.
The barrier gate — first-pass
Effective barrier 5.5 — below 6, so the band is capped narrow. First-pass estimate.
Deep two-pass review. This draft rests on a single GFIP evidence pass; the full 10-year AR + concall corpus may move the read.
The barrier gate. A firmer replication or bypass estimate is the most likely thing to shift the band.
Adverse events. Any governance, regulatory or funding shock captured in D8 could re-rate the fade window.
Where this note fits. This company is one of 113 Indian companies we have scored for moat durability — 88 narrow, 25 narrow-trending-wide, none wide. The full ranked read: Wide-Moat Stocks in India: We Scored 113 Companies and Found None. Every score, dimension by dimension, is free in the Moat Screener.
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