The surge in liquidity - following additional infusion by central banks to fight the Covid-19 pandemic - has pushed down interest rates across the globe
Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by BoB has put paid to his plans.
The stock declined 3.81 per cent to close at Rs 80.65 at the NSE.
While risk from the second wave of Covid-19 remains for its retail book, the corporate cycle is clearly turning, and hence BoB will also benefit from this trend, says CLSA
Shares of Bank of Baroda on Monday declined nearly 6 per cent after the company reported a standalone net loss of Rs 1,047 crore in the quarter ended March 31, 2021
Bank of Baroda (BoB) reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime
Excluding the impact of change in tax regime, the bank would have reported profit after tax of Rs 2,267 crore in Q4FY21
The Bank's gross non-performing assets (NPAs) rose sequentially to 8.87 per cent in Q4FY21
Maintaining an optimistic view relative to the previous two brokerages, Motilal Oswal expects BoB's net profit to grow 82.6 per cent YoY to Rs 925 crore on the back of a sharp decline in provisions
Analysts are bullish on the PSBs' bottom lines on the back of favorable base on NII, a seasonally higher fee quarter, and some recoveries from Bhushan Power
Bank of Baroda is looking to hire three digital marketing agencies to strengthen its brand, aiming to be a preferred choice of customers with innovative banking models
SBI, HDFC Bank among lenders gearing up to support companies involved in mitigating Covid-19 outbreak.
Yields of perpetual bonds issued by State Bank of India and Bank of Baroda, for instance, have gone up by as much as 80-90 basis points (bps), and top recommendation lists of most managers
The lender's home loan rates now start at 6.75 per cent and for cars at seven per cent after the revision.
Govt has appointed 14 EDs at public-sector banks; their performance will be reviewed after three years for a two-year extension
The combination of low valuations and expected improvement in financials due to lowering credit cost is driving interest
The committee in its meeting last week had approved raising up to Rs 4,500 crore through an issue of equity shares through QIP
Post results, analysts have raised Bank of Baroda's FY22 estimated price to book to 0.5x from 0.3x. This is the first valuation upgrade in nine years
Stocks of 18 of these 25 firms managed to outperform the S&P BSE Sensex on a year-to-date (YTD) basis
Nifty, Bank Nifty and Financial Nifty indices have been forming candle with the small body for the last three consecutive sessions, which indicates that bullish momentum is getting lost