Page 2 - Bank Of Baroda

PNB, BoB raise lending rates by up to 25 bps following RBI rate hike

Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week. PNB in a regulatory filing said it has effected a 25 basis point increase in the Repo Linked Lending Rate (RLLR) from 8.75 per cent to 9 per cent effective from Thursday. The Reserve Bank on Wednesday hiked the benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. It was the sixth time the interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of increase to 250 basis points. BoB increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenures. The new rates are effective from February 12, BoB said in a regulatory filing. After the latest revision, its MCLR has risen from 7.85 per cent to 7.90 per cent for the overnight tenure. The MCLR for one month has

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

These loans will be in continuation of the debt facility Tata Group received following the acquisition of Air India

Robust broader capex cycle to accelerate corporate loan book: BoB MD & CEO

'We have made investments in terms of making sure our savings banks franchise is strengthened'

Open to lending to Adani Group but with conditions: Bank Of Baroda

Investors have been worried about various banks' exposure to the Adani Group ever since U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation

Bank of Baroda Q3 net up 75%; exposure to Adani Group well below RBI cap

Bank management says, exposure to Adani Group well below the ceiling prescribed by RBI under large exposure framework

Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

Bank of Baroda reports highest-ever quarterly profit of Rs 3,853 cr in Q3

On the bourses, shares of the bank jumped over 5 per cent to an intra-day high of Rs 162.3 per share

Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins

Budget numbers highly doable, should push private capex cycle: BoB chief

Public sector Bank of Baroda chief executive Sanjiv Chadha said the budget push on public capex will nudge private companies which have been holding back investments for many years, to open their purse-strings now, leading to the much-awaited revival of an investment cycle. The budget proposes to increase public spending on infrastructure by a full 33 per cent to Rs 10 lakh crore next fiscal even as it guided towards fiscal prudence with fiscal gaps being pegged at 6.4 per cent for FY23 and 5.9 per cent for FY24 and at 4.5 per cent by FY27. The budget also has penciled in a lower revenue growth forecast given the most-likely fall in nominal GDP from 15.5 per cent this fiscal to about 10 per cent next year. Discounting the poor market reaction to the budget as a short term, Chadha told PTI that the budget clearly underlines some consistent themes as it has been doing in the past many years. Even in the very uncertain times like now, there are four-five consistent budget themes in th

Bank of Baroda Q3: What to expect from the lender's Dec quarter result?

Bank of Baroda Q3 preview: Analysts said traction in deposits, margin trajectory, and update on appointment of new MD & CEO would be on investors' radar

Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related

Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.

Bank of Baroda, CG Power may get added to MSCI global standard index

Biocon is expected to get excluded from the index

Moody's upgrades ratings for PNB, Canara Bank and Bank of Baroda to 'Baa3'

India's improving macros, banks improving credit profile trigger upgrade

A matter of tenure and retirement of PSB chiefs

MDs and EDs of nationalised banks can have a term of up to 10 years but there is no relaxation in their retirement age. Private bank bosses can be in the saddle till they are 70

Govt extends tenure of Bank of Baroda MD Sanjiv Chadha by 5 months

The government has extended the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about five months till June 30. The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19. The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for extending the term of Chadha till June 30, 2023, when he attains 60 years, the retirement age, sources said. Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended elevation of Executive Director (ED) Debadatta Chand as managing director of Bank of Baroda. Besides, the Bureau recommended Union Bank of India ED Rajneesh Karnatak for the position of MD & CEO in Bank of India. The final decision on the FSIB recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. Th

Bank of Baroda hikes interest rates on retail term deposits by up to 65 bps

Further, the Bank is offering interest rates up to 7.50% p.a, which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits, for a period of 1 year and upto 3 years

Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller

Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.

Bank of Baroda increases MCLR from 8.3% to 8.5% effective January 12

Marginal cost of funds-based lending rate (MCLR) is the minimum interest rate below which a bank cannot lend, except in certain cases

Banks increase deposit rates on tight liquidity, high credit growth

Banks have made a beeline to increase rates on their deposits as liquidity in the system has tightened and the credit growth in the system has remained consistently high

Not part of any negotiations': UTI AMC on Tata acquisition reports

There were similar reports in August 2022 and UTI AMC had then denied having any knowledge about it