Page 3 - Bank Of Baroda

BS BFSI Insight Summit: Who's who of PSBs to take part in panel discussion

From State Bank of India Chairman Dinesh Kumar Khara to Sanjiv Chadha, MD & CEO, Bank of Baroda, here is the list of panelists from public sector banks of India at BSFI Insight Summit

BS BFSI Insight Summit: India's biggest BFSI Summit to kick off on Dec 21

The country's biggest BFSI Summit will feature some of the most prominent voices in India's economic landscape, including RBI Governor Shaktikanta Das, Deputy Governors, and SBI chairman

Nifty Bank index eyes 45,000-mark; BoB, Axis, YES Bank can rally up to 33%

So far in 2022, the Nifty Bank Index has soared 24 per cent, far outperforming the benchmark indices, the BSE Sensex and Nifty 50, which have gained close to 8 per cent each.

Bank of Baroda hikes MCLR up to 30 basis effective December 12

The revised rates will be effective from December 12

PSB index soars 3%; these three constituents have zoomed over 50% in 1 mth

In the past one month, the Nifty PSU Bank index has rallied 17.4 per cent as against a 2.1 per cent gain in the S&P BSE Sensex

FSIB invites applications from candidates for Bank of Baroda's CEO post

The Financial Services Institutions Bureau on Wednesday invited applications from eligible candidates for the post of Managing Director & Chief Executive Officer (MD & CEO) of Bank of Baroda (BoB). Last month the headhunter for directors of state-owned banks and financial institutions had invited applications for the position of MD of another large state-owned lender Bank of India. The three-year term of incumbent Sanjiv Chadha was coming to an end next month. However, Chadha would be attaining 60 years, the usual retirement age for MD of nationalised banks, in June 2023. As per the public notice issued by FSIB, the applicant should be in the age group of 45 to 57 years as on December 7, 2022. The MD would hold the office for a term of three years from the date on which he/she enters the office subject to the age of superannuation as 60 years, it said. Selection will be based on shortlisting and personal interview and final selection of the candidate will be done by the ...

Bank of Baroda approves Rs 134 crore agri-loans to farmers in Tamil Nadu

Public sector Bank of Baroda has sanctioned over Rs 100 crore worth of agricultural loans in Tamil Nadu during its 15-day farmer outreach programme held here recently. At the fifth edition of 'Baroda Kisan Pakhwada' held between November 15 and 30, as many as 161 semi-urban and rural branches of the bank took part. More than 20,000 farmers across Tamil Nadu received farm loans of Rs 134 crore, the bank said in a statement on Saturday. The 'Baroda Kisan Pakhwada' has been designed to help the bank boost engagement with the farming community and create awareness about various agricultural products, schemes offered by the Bank. "We at Bank of Baroda are pleased to be reaching out to the farming community on a larger scale and provide them with details and financial assistance and make them familiar with various types of agri-loans, banking services and various agricultural initiatives launched by the government," Bank of Baroda general manager and zonal head (Chennai) A Saravanakumar .

SBI's maiden infra bond issue for Rs 10,000 cr oversubscribed 3.27 times

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

Retail CBDC a game-changer, should improve monetary transmission: SBI chief

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

After the runaway rally, analysts say shift from PSBs to private peers

Private sector banks' outlook is brighter on a relative basis, and the players will outperform benchmark indices from a 6-12 months' perspective, analysts say

e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot

Aims to involve 50,000 merchants, customers in the next few days

GDP growth may have beaten MPC estimate of 6.3% in Q2, say most economists

The GDP numbers for the second quarter of the current financial year are scheduled to be out by this month end

Near term margins may remain subdued for Astral, high valuation weighs

The company underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Near term margins may remain subdued for plastic pipe maker Astral

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Bank of Baroda raises rates on retail term deposits by up to 100 bps

State-owned Bank of Baroda (BoB) on Monday increased its retail term deposit interest rates by up to 100 basis points or 1 percentage point in line with hardening rates. Interest rates have also been hiked on bulk saving deposits of Rs 50 crore and above to less than Rs 200 crore by up to 25 basis points, BoB said in a statement. The 10-year and above tenor domestic and NRO (Non-Resident Ordinary) term deposit will now offer an interest of 6.10 per cent, up from 5.10 per cent earlier. Deposits for above 1-2 years will earn an interest of 6.10 per cent, up from 5.50 per cent. For 2-3 years, the new rate is 6.25 per cent, up by 70 basis points. Interest rate for 3-10 years maturity have been increased by 45 basis points to 6.10 per cent, it said. At the short end, it said, 46-180 days term deposit will earn 50 basis points more at 4.50 per cent. Senior citizens will earn 50 basis points higher interest rate in each slab.

Bank of Baroda slashes home loan rates by 25 bps for limited period

New rate is 8.25%, applicable for fresh home loans and take over of existing home loans from other lenders

Bank of Baroda increases MCLR rate by up to 15 bps across tenors

State-owned Bank of Baroda on Thursday said it has increased its marginal cost of funds based lending rate by up to 15 basis points (bps) across tenors. The lender has approved the revision in marginal cost of funds based lending rate (MCLR) with effect from November 12, 2022, Bank of Baroda said in a regulatory filing. The benchmark one-year tenor MCLR has been raised by 10 basis points to 8.05 per cent. It is the rate at which most of the consumer loans such as personal, auto and home are tied to. Among others, the overnight rate has been raised to 7.25 per cent from 7.10 per cent earlier. The one, three and six-month MCLRs were raised by 10 basis points each to 7.70 per cent, 7.75 per cent and 7.90 per cent, respectively.

Chief labour commissioner to meet bank unions on proposed Nov 10 strike

Banks notices say normal services could get affected but they are taking action to keep work going

Nifty PSU Bank soars 26% in a month; BOI, Canara Bank, UBI rally 55%

The Nifty PSU Bank index hit a new high of 3,811.15 on Wednesday, and has zoomed 67 per cent from its 52-week low of 2,283.85, touched on June 20, 2022.

Nifty Bank index headed to 44,000 level; Bandhan Bank remains a risky bet

Here's how key constituents of the Nifty Bank index look on the charts.