Bank of Baroda said it is on track to achieve a loan growth of 7-10 per cent in current financial year and expects advances to grow 10-12 per cent in financial year 2022-23, MD, CEO Sanjiv Chadha said
Asset quality of the bank improved both sequentially and on a YoY basis; provisions of the lender fell over 27% to Rs 2,506 cr
The bank reported PAT of Rs 1,061 crore in the year-ago period
According to analysts, SBI can see continued traction in their operating performance, supported by modest business growth, while BoB may see a weak Q3 earnings show
The Union Budget for the 2022-23 financial year will aim at boosting growth, achieving fiscal consolidation and driving consumption, Bank of Baroda (BoB) said in its latest economic research report.
The Nifty PSU Bank index needs to cross 2,850 to indicate further strength
In the chargesheets filed before a special CBI court, the central agency has alleged that a group of people opened accounts and deposited funds in them through various other accounts
FMCG stocks are likely to be in focus on the back of price hike announced, while airline shares too may be on investor's radar following the fresh world-wide Coivd-19 scare
State-owned Bank of Baroda on Friday said it has raised Rs 1,997 crore by issuing Basel III-compliant bonds. The bank had come out with a Rs 2,000 crore issue of additional tier-I bonds on November 24. "The bank has received total bid amount of Rs 5,308 crore, out of which the issuance was finalised for Rs 1,997 crore at 7.95 per cent (per annum)," BoB said in a regulatory filing. The bank said it issued a total of 1,997 bonds of Rs 1 crore each under this issue to a total of 21 allottees. To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes. These norms are being implemented to mitigate concerns on potential stresses on asset quality and consequential impact on performance and profitability of banks. Stock of Bank of Baroda traded 3.33 per cent lower at Rs 89.90 apiece on BSE.
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Non-interest income grew by 23 per cent to Rs 3,579 crore in Q2FY22 from Rs 2,910 crore in Q2FY21 a year ago
Net interest income rises 2% to Rs 7,566 cr
Bank of Baroda Q2 preview: Analysts largely expect the lender's Q2 performance to be remain muted amid meagre loan book expansion and elevated slippages
Shares of Bank of Baroda were trading at Rs 99.30 apiece on BSE, up 1.85 per cent from previous close
In the past one month, the stock of Union Bank of India, Canara Bank, Bank of Baroda and Punjab National Bank have rallied between 25 and 44 per cent
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The overall trend in rate sensitive stocks is positive and this unchanged policy may trigger further upside, once near term resistances are crossed
State-run Bank of Baroda on Thursday said it has reduced its home loan rate by 25 basis points (bps) to 6.50 per cent from 6.75 per cent.
For new home loans of Rs 75 lakh and above, SBI will charge 6.7 per cent as against the previous 7.15 per cent
State-owned Bank of Baroda on Wednesday announced the launch of its digital banking platform 'bob World', aimed at providing all banking services under one roof