MUMBAI, May 22: Daewoo Securities has projected a 43.8 per cent growth in Bank of Baroda's net profit this year. The prognosis is based on lower provisioning requirement.

Operating profits are seen higher with an acceleration in advances from 1998 onwards, a research study by the Japanese securities firm said. Daewoo Securities said. BoB's return on net worth is also expected to increase from 15.8 per cent in 1996 to 21.1 per cent in 1999.

With no growth in interest income and a marginal increase in non-interest income, operating profits in 1997 are likely to grow at 2.4 per cent compared with the figure of 13.2 in 1996.

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