Bank of Baroda News

RBI Policy Impact: Financials gain, PSU Bank index rises 2% on CRR cut

Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.

Nifty PSU Bank index slips 5%; PNB, BOB, Canara, SBI dip up to 7%

At 10:00 AM, the Nifty PSU Bank index, the top loser among sectoral indices, was down 4.7 per cent, as compared to the 0.92 per cent decline in the Nifty 50

SLCM, BoB tie up to provide collateral services for agricultural financing

Warehousing and collateral management firm Sohan Lal Commodity Management (SLCM) announced a strategic partnership with the state-owned Bank of Baroda on Wednesday to provide collateral management services for agricultural financing. The partnership will enable farmers to access credit against their crops through Bank of Baroda's nationwide network, the company said in a statement. SLCM reported its assets under management (AUM) rose 73 per cent to Rs 11,952 crore in the first half of fiscal 2024-25, compared to Rs Rs 6,911 crore in the year-ago period. SLCM Group CEO Sandeep Sabharwal said the company's Agri Reach technology and physical infrastructure will help minimise the default risk and improve financial access for the agricultural ecosystem. The company operates over 17,000 warehouses and 36 cold storage facilities across 19 Indian states, managing more than 1,080 commodities including cotton, pulses, and maize. SLCM currently maintains partnerships with more than 20 ...

Vinay Rajani of HDFC Securities recommends buying these two stocks today

Bank of Baroda stock price has broken out from the downward sloping trend line on the daily chart

BoB, MCX, REC: Top stock picks by Chandan Taparia of MOFSL; check targets

Bank of Baroda stock has broken out of a double bottom pattern on the daily chart and closed above its crucial 250 zones

Nifty PSU Bank index soars 4%; Indian Bank, BOB zoom up to 12% post Q2 nos

At 02:20 pm; the Nifty PSU Bank index was the top gainer among sectoral indices, up 4 per cent, as compared to 0.8 per cent rise in Nifty 50.

BoB gains 5% after reporting Q2 results; Check why the stock is in demand

BoB's net profit during the quarter under review rose 23.2 per cent Y-o-Y to Rs 5,238 crore

Bank of Baroda Q2 FY25 results: Net profit rises 23% to Rs 5,238 crore

Bank's MD and CEO says the deposit costs have peaked with prospects for moderation

Bank of Baroda net profit rises 23% to Rs 5,238 crore in Sep quarter

State-owned Bank of Baroda (BoB) on Friday reported a 23 per cent growth in net profit to Rs 5,238 crore in the September quarter. The bank had earned a net profit of Rs 4,253 crore in the second quarter of the previous fiscal. Total income rose to Rs 35,445 crore in the quarter under review from Rs 32,033 crore in the same period a year ago, BoB said in a regulatory filing. Interest income of the bank increased to Rs 30,263 crore in the July-September quarter from Rs 27,862 crore in FY24. Asset quality of the bank witnessed improvement with gross non-performing assets (NPAs) falling to 2.50 per cent of gross advances at the end of the September quarter of 2024 as against 3.32 per cent a year ago. Net NPAs or bad loans also declined to 0.60 per cent from 0.76 per cent in the year-ago period. Its Capital Adequacy Ratio rose to 16.26 per cent over 15.30 per cent at the end of September 2023.

Bank of Baroda Q2 results on Friday, Oct 25; what are key expectations?

Bank of Baroda Q2 results preview: Bank of Baroda is expected to see near flat growth in net profit, on a quarter-on-quarter (Q-o-Q) basis, in the July-September quarter of financial year 2024-25

Bank of Baroda ropes in Sachin Tendulkar as global brand ambassador

At present, badminton Olympian P V Sindhu, Indian woman cricketer Shafali Verma, and tennis player Sumit Nagal are acting as brand endorsers for Bank of Baroda

Nifty PSU Bank index rises 2% after Bank of Baroda posts steady Q2 numbers

Analysts at Elara Capital said no significant asset quality challenges and steady growth may ensure rerating for some PSU banks (after recent correction) on earnings stability.

Bank of Baroda stock jumps over 3% as global biz grows over 10% in Q2

Bank of Baroda's (BoBs) share price climbed 3.12 per cent in intraday deals on Friday

BoB to sell Oman operation to Bank Dhofar as part of rationalisation

State-owned Bank of Baroda (BoB) on Thursday said it proposes to sell its Oman operation to Bank Dhofar as part of rationalisation of foreign operation. The bank has accorded approval for accepting the offer for acquisition of the banking business of Bank's Oman territory operations by Bank Dhofar on a going concern basis, BoB said in a regulatory filing. This is subject to approval from concerned regulatory authorities, it said. The total business of BoB operation in the country was 113.35 million Omani Rial while the net worth stood at 25.54 million Omani Rial. It is to be noted that the bank has been rationalising its foreign operations based on a comprehensive evaluation framework. As part of this exercise, the wholesale branch in China was closed during 2020-21, and the entire stake in the wholly-owned overseas subsidiary at Trinidad and Tobago viz. Bank of Baroda (Trinidad and Tobago) Ltd was divested by way of sale to Ansa Merchant Bank Ltd. As of March 31, 2024, the BoB's

Jigar S Patel of Anand Rathi recommends buying these three stocks on Sep 30

The nearly three-month-long bearish phase in BANKBARODA appears to be nearing its end, as a bullish pattern emerges on the daily chart

Nomura cuts target prices for Axis Bank, SBI and BoB ahead of Fed meeting

Analysts at Nomura suggested that larger private banks are likely to experience a greater negative impact on their NIMs from the potential US Fed rate cuts compared to mid-sized & smaller banks.

BoB raises Rs 5,000 cr through infra bond issue, second in a fortnight

State-owned Bank of Baroda on Monday announced that it has raised Rs 5,000 crore through a 10-year infrastructure bond issuance subscribed by domestic investors. This is the second issuance from the lender in a fortnight after the Rs 5,000 crore sale on August 26 and comes amid a raft of such issuances. Banks have become more aggressive at tapping into such avenues given the slower deposit growth in the system. The bank was able to squeeze the pricing of the newest offering to 7.26 per cent, 0.04 per cent lower than its last one, officials said, adding this is the tightest pricing for an issuance in recent times. Both the issuances were oversubscribed nearly three times, and it was investor feedback on missing out at the last issuance that prompted the bank to come back with another offering sooner. With the latest issuance, the bank has exhausted the board's approved limit to raise Rs 10,000 crore from infra bond issuances and there are no immediate plans to raise more, the offic

Nifty PSU Bank index dips below 200-DMA after more than 2 years; what next?

The PSU Bank index had zoomed 200% to a high of 8,053 after breaking above its 200-DMA in July 2022. At present, most PSU Bank stocks, barring SBI, are trading below this long-term moving average.

PSBs extend fall after Goldman Sachs downgrades SBI; Canara, UBI down 3%

The Nifty PSU Bank index, the top loser among sectoral indices, was down 1.1 per cent at 6,581.40, as compared to the 0.16 per cent rise in the Nifty 50 at 11:14 AM on Monday.

Bank of Baroda raises Rs 5,000 crore via 10-year infra bonds at 7.3%

A dealer at a state-owned bank said that the 10-year government securities yields have fallen, resulting in a lower cut-off rate for BoB than State Bank of India