Page 7 of Bank of Baroda

Bank of Baroda profit rises 79% as provisions slide

BoB’s shares ended at Rs116.25 on the BSE on Friday, 0.81% lower than their previous close.

July 31, 2022 03:15 IST

Bank of Baroda Q1 profit rises 79 pc to Rs 2,168 crore

The capital adequacy ratio (CAR) at the end of the quarter stood at 15.46 per cent with CET-1 at 12.97…

July 30, 2022 17:10 IST

NCLT rejects JSW Energy’s plea to withdraw resolution plan for Ind-Barath

The NCLT had, on August 29, 2018, admitted Bank of Baroda’s plea to initiate insolvency proceedings against Ind-Barath Energy.

July 27, 2022 02:40 IST

Bank of Baroda to raise Rs 1,000 crore via affordable bonds

The infrastructure and affordable housing bonds however will not form part of the capital of the bank.

July 18, 2022 00:45 IST

BoB hikes MCLR, BoM cuts the same

The move comes at the time when most banks have been increasing their MCLR after the Reserve Bank of India…

July 12, 2022 00:05 IST

At SBI, Chugh would be responsible for driving growth of customer acquisition through digital channels, along with defining and implementing digital strategies.

India Inc’s registers record dividend payout in FY22; PSBs, IT companies lead drive

Top 400 companies from the NSE500 have given out Rs 2.6 trillion in FY21, data collated from Capitaline shows.

June 13, 2022 04:45 IST

Banks switch to overnight window to park surplus funds

As the 50-basis-point (bps) hike in the cash reserve ratio (CRR) kicked in on May 21, surplus liquidity in the…

Updated: June 7, 2022 10:46 IST

Bank of Baroda to benefit from govt thrust on infrastructure spending: Chairman Hasmukh Adhia

“The Government of India has come up with many initiatives for increasing spending on infrastructure projects and other investments to…

June 4, 2022 20:40 IST

Payments ecosystem not fully ready for tokenisation

The Bank of Baroda (BoB) management said with merchants unable to migrate to the new system, we could see some…

May 31, 2022 01:00 IST

Public sector banks ready to end private banks’ dominance? Expect valuation re-rating; check stocks to buy

With the recovery in loan growth, steady deposit growth and improvement in asset quality, the previous financial year has proven…

May 25, 2022 11:45 IST

The asset quality improved as gross NPA reduced to Rs 54,059 crore in Q4FY22 from Rs 66,671 crore in Q4FY21, and gross NPA ratio improved to 6.61% from 8.87%. Gross NPA stood at Rs 55,997 crore in Q3FY22.

Bank of Baroda posts Rs 1,779-cr profit in March quarter

The bank’s provisions (other than tax) rose 5.10% to Rs 3,736.38 crore for the period under review, compared with Rs…

May 14, 2022 04:15 IST

Bank of Baroda posts Rs 1,779 crore profit in March quarter

The lender had a loss of Rs 1,047 crore in the year-ago period.

May 13, 2022 22:06 IST

The 1-year MCLR -- the rate to which a majority of consumer loans are linked -- has been revised to 7.40 per cent from 7.35 per cent, an increase of 5 basis points.

BoB hikes lending rate by up to 10 bps

Similarly, MCLR for three-month and six-month tenures has been increased by 5 basis points to 7.15 per cent and 7.25…

May 10, 2022 18:08 IST

The new rate is available for customers applying for fresh home loans as well as for balance transfers. It is available across all loan amounts and will be offered to borrowers having Cibil score of 771 and upwards.

BoB slashes home loan interest rate to 6.5 pc for limited period

The new rates, which are linked to the borrower’s credit profile, are applicable till June 30, 2022, the bank said…

April 22, 2022 18:34 IST

MSCI may add Bank of Baroda, Adani Power, other stocks to India index in next review; $485 mn inflows likely

As much as $485 million inflows could be coming towards five domestic stocks if they end up getting added to…

April 22, 2022 10:22 IST

Loans get costlier as banks hike MCLR: SBI raises MCLR by 10 BPs; BoB, Axis follow suit

The one-year MCLR at SBI now stands at 7.1%, a shade lower than the 7.25% at HDFC Bank, Punjab National…

April 19, 2022 03:10 IST

A bench, led by CJI NV Ramana, asked the lenders and other parties not to give effect to the voting process, which has already concluded, till the matter is heard next week afresh by another SC bench led by Justice DY Chandrachud.

Sebi moves Supreme Court against Bombay HC order on Reliance Commercial Finance

Sebi has challenged the HC judgment, saying that the HC had lost sight of the fact that the provisions of…

April 1, 2022 06:15 IST

Bank of Baroda, BNP Paribas AMC form asset management JV

With touch points in 90 towns and cities across India, it is expected to serve over 1 million investor folios…

March 14, 2022 17:57 IST

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