Page 8 of Bank of Baroda

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

The first point of contact is inflation. (Reuters)

Will Russia’s Ukraine-war hurt us? India faces secondary impact from market reverberations

Crude oil impact is probably the most obvious one, but the war has been pushing up prices of metals, gas,…

March 8, 2022 04:15 IST

Public sector banks see operating profit decline in Q3FY22

The management at PNB attributed the bank’s poor operational performance to the impact of a standstill on bad-loan recognition in…

February 16, 2022 00:30 IST

Bank of Baroda to acquire Union Bank’s 21% stake in IndiaFirst Life

At present, according to the insurer’s website, Bank of Baroda’s stake stands at 44%, Union Bank holds 30% and Carmel…

February 12, 2022 02:00 IST

Sources said the SBI-led consortium has agreed to grant both term loans and working capital loans depending on the airline's requirements. (File/PTI)

Tata Group to get loans from SBI-led consortium for Air India

Talace Private Limited — a subsidiary of the Tata Group’s holding company Tata Sons — on October 8, 2021, won…

Updated: January 27, 2022 19:48 IST

State Bank of India share price up 2% after Tatas get loan commitment for Air India from SBI-led consortium

A consortium of lenders led by SBI has agreed to provide loans to Tata Group for the smooth operations of…

January 27, 2022 15:34 IST

Bharti Airtel, BoB, L&T to offer decent returns by Diwali 2022; key factors to drive stock markets

Markets have rallied 50% since last Diwali and many stocks have zoomed to new all-time highs

November 4, 2021 11:46 IST

Axis Bank, Escorts, Havells, stocks to buy

Stocks to buy: Nifty eyes 18125 target, Sensex may hit 60700; Axis Bank, Escorts, Havells strong on charts

The uptrend formation in Nifty and Sensex is likely to continue up to 18050-18125/60400-60700

October 13, 2021 09:04 IST

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NBBL targets 1 billion monthly transactions

Money7 hr ago

NPCI’s subsidiary NBBL plans to process 1 billion transactions per month in the next three years, targeting half of India’s households and processing 3 bills per household. The launch of Banking Connect, an interoperable platform, aims to enhance the digital payment experience for online merchants. It has already partnered with major banks and payment aggregators, with more banks in the pipeline.

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