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.
According to a Bank of Baroda Essential Commodity Index, food prices have moderated both sequentially and year-on-year in July
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
Trading witnessed growth in employment even while sales declined
The latest increase in MCLR by SBI comes days after the RBI left the repo rate unchanged at 6.5 per cent
UCO Bank reduces T-bill benchmark linked rates
Shares of Bank of Baroda, Union Bank of India and Indian Bank can potentially rally up to 15% if these support levels are held; check key support and resistance levels for 5 PSU bank stocks here.
The LCR level was 122 per cent in March 2024. As a part of liability management, the bank has sold down borrowing on excess Statutory Liquidity Ratio (SLR), Chand said
Bank of Baroda recovered Rs 1,005 crore from bad debt in April-June, of which a major portion was small-ticket loans, the chief executive said
Bank of Baroda share price: On July 31, Bank of Baroda reported a standalone net profit of Rs 4,458 crore for Q1FY25, rising 9.5 per cent over the previous year profit
Sequentially, the profit declined from Rs 4,886 crore in Q4FY24. Bank's stocks closed 0.94 per cent lower at Rs 253.85 on Wednesday
Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period. Total income in the quarter rose to Rs 32,116 crore from Rs 29,878 crore, BoB said in a regulatory filing. The lender's interest income also increased to Rs 29,629 crore against Rs 26,556 crore in the same quarter a year ago. Gross Non Performing Assets (NPAs) declined to 2.88 per cent of gross advances by June 2024 from 3.51 per cent in FY24. Net NPAs too declined to 0.69 per cent compared to 0.78 per cent at the end of the first quarter of the previous year. As a result, provisions and contingencies came down to Rs 1,011 crore in the April-June period of FY25 against Rs 1,947 crore in the year-ago period. The capital adequacy ratio of the bank improved to 16.82 per cent at the end of June 2024 compared to 15.84 per cent in th
For the recovery of this charge from account holders, public sector banks have formulated slab structures based on different geographies and segments
Bank of Baroda Q1 results 2025: Bank of Baroda's Q1 FY25 net profit may fall up to 16 per cent Q-o-Q
The Tata Chemicals stock has found support at the zone of Rs 1,030 - 1,040 which coincides with the 61.82 per cent fibonacci retracement level of the previous rise.
PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.
The BoB Monsoon Dhamaka Deposit Scheme can be opened online or through any of the bank's branches
Go First owes creditors - Central Bank of India, Bank of Baroda, and IDBI Bank - around Rs 6,200 crore
SBI to follow suit with 444-day plan at 7.25%
Bank of Baroda shares fall: The fall in the share price of the PSB came after the lender reported a weak loan growth in the April-June quarter (Q1) of FY25 on a sequential basis