Bank of Baroda has classified its loans to Go First as Non Performing Asset (NPA) and has fully provided for its exposure of Rs 1,200 crore towards the troubled airline which has been under insolvency proceedings since May 2023.
“Our slippage ratio looks elevated but this includes one large aviation account (Go First) worth Rs 1,773 crore. If you exclude this account, slippage ratio would have been 1.08%,” chief financial officer Ian De Souza said in an earnings call on Saturday.
