Page 7 - Bank Of Baroda
Stocks to watch: Reliance, Tata Motors, Biocon, Tata Steel, J&K Bank, BoB
Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.
 "Stocks to watch: Reliance, Tata Motors, Biocon, Tata Steel, J&K Bank, BoB")
BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities
After rationalisation, nine Bank of Baroda branches will cater to large corporates while 27 will be for mid-sized corporates
 "BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities")
Bank of Baroda to raise Rs 5,000 crore via long-term infrastructure bonds
Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds. The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore, the bank said in a regulatory filing. The money will be raised in single or multiple tranches during financial year year 2022-23. These bonds shall be senior, unsecured and will not form part of capital of the bank, it said. Bank of Baroda stock closed flat at Rs 99.95 apiece on BSE on Monday.
 "Bank of Baroda to raise Rs 5,000 crore via long-term infrastructure bonds")
Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit
Funds raised for first phase of greenfield plant, firm signs financing documents with SBI-led consortium
 "Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit")
Lending rate hikes will not deter borrowers, says Bank of Baroda MD
Amid lending rate hikes by several lenders, state-run Bank of Baroda's CMD Sanjiv Chadha on Thursday termed the increases as "normalisation" in borrowing costs which will not deter loan seekers.
 "Lending rate hikes will not deter borrowers, says Bank of Baroda MD")
SBI raises lending rates, HDFC Bank and BoB increase deposit rates
Moves follow RBI's 90-bp repo rate increase in a little over a month
 "SBI raises lending rates, HDFC Bank and BoB increase deposit rates")
6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default
The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan
 "6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default")
Indian PSBs plan to exit Hong Kong as strict regulations, Covid woes pinch
State Bank of India (SBI) will likely be the only PSB in Hong Kong, alongside private sector banks ICICI and HDFC
 "Indian PSBs plan to exit Hong Kong as strict regulations, Covid woes pinch")
HDFC raises Retail Prime Lending Rate on housing loans by 50 bps
Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount
 "HDFC raises Retail Prime Lending Rate on housing loans by 50 bps")
BoB to benefit from govt thrust on infra spending: Chairman Hasmukh Adhia
The banking industry of course would be benefited due to increase in the demand for bank credit and Bank of Baroda would be a key beneficiary of these developments," he said.
Bank of Baroda revises proposed dividend upwards to Rs 2.85 per share
Small impact on net-worth and capital adequacy. The dividend payment is subject to shareholders' approval at the annual general meeting
 "Bank of Baroda revises proposed dividend upwards to Rs 2.85 per share")
India's core sector output rises to six-month high of 8.4% in April
The eight sectors - coal, steel, cement, fertilisers, electricity, natural gas, refinery products, and crude oil - comprise two-fifths of India's total industrial production
 "India's core sector output rises to six-month high of 8.4% in April")
India's economy seen growing 9.2% in FY22 on upbeat rural sector: BoB
India's economy is expected to have grown at 9.2 per cent in the fiscal ended March 2022, after having contracted by 7.3 per cent in the previous financial year
 "India's economy seen growing 9.2% in FY22 on upbeat rural sector: BoB")
ECB inflows to moderate on rising rates, depreciating rupee: Bank of Baroda
External Commercial Borrowings (ECBs) accounted for 36.8% of India's external debt as of the end of December 2021
Fuel duty cuts likely to help ease retail inflation by up to 25 bps
But experts call for other fiscal measures too to bring inflation down
 "Fuel duty cuts likely to help ease retail inflation by up to 25 bps")
Amfi category: Adani Power, BoB, Cholamandalam may enter large cap space
HDFC AMC, Godrej Properties to migrate lower; move part of Amfi's half-yearly stock reclassification
 "Amfi category: Adani Power, BoB, Cholamandalam may enter large cap space")
Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results
Watch out for these key levels on SBI and Bank of Baroda, while Tech Mahindra and DMart can be avoided for now.
 "Trading strategies in SBI, BoB, Tech Mahindra, DMart post Q4 results")
Expect slippages, credit cost to come down further: Bank of Baroda MD & CEO
Sanjiv Chadha, in an interview with Manojit Saha, says it was a conscious decision not to chase corporate loans and focused on segments offering higher margins
 "Expect slippages, credit cost to come down further: Bank of Baroda MD & CEO")
Bank of Baroda registers net profit of Rs 1,779 crore in March quarter
IPO of the bank's life insurance arm, IndiaFirst Life, likely this financial yr
 "Bank of Baroda registers net profit of Rs 1,779 crore in March quarter")
Bank of Baroda Q4 Net profit jumps to Rs 1,779 cr, NII grows 21%
State-owned Bank of Baroda Friday reported a standalone profit after tax of Rs 1,779 crore in the quarter ended March 2022, helped by higher interest income and fall in bad loans.
