| Bank Of Baroda Related news |
Bank of Baroda stock rated ‘Buy’ by Nomura , pegs target price at Rs 200
Posted on 1st July 2017 |
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Three key reasons for the upgrade to ‘buy’ from ‘neural’: early stress recognition and high NPA coverage of 58% imply a lower P&L hit in FY18F from higher provisions for RBI’s identified large NPAs; the PPOP outlook is better than peers as the capital levels will not constrain growth, and unlike peers there are positive NIM catalysts for BOB in FY18F – we expect +12% ROE in FY19F; with a 17% correction in the past two months, we believe the market expectations on NPA resolutions are more realistic with BOB trading at 0.85x Mar-19F adjusted book. |
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Bank of Baroda swings back to profit in Q4 at Rs 155 cr
Posted on 19th May 2017 |
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Indian state-run Bank of Baroda on Thursday reported a fourth-quarter net profit of Rs 155 crore ($23.89 million). The Mumbai-based bank, the fifth-biggest in the country by assets, had reported a net loss of Rs 3,230 crore in the year-ago quarter. |
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Bank of Baroda ties up with EM3 Agri for loans to boost farm incomes
Posted on 18th April 2017 |
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Public sector Bank of Baroda has inked a pact with EM3 Agri Services to give loan to farmers and rural entrepreneurs for purchase of farm equipment and related machinery. BoB said the pact has been signed keeping in mind the government focus on doubling farmers’ incomes by 2022. The loan service will help create an ecosystem to provide end to end solutions to farmers, BoB said in a statement. |
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After SBI merger, now Punjab National Bank and Bank of Baroda may take over smaller lenders
Posted on 18th April 2017 |
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NEW DELHI: The government is working on a road map for the overhaul of state-run lenders that involves the next round of consolidation, public offers in the next few months by banks to raise fresh capital, and changes in the hiring policy, including increased lateral entry. This could see Punjab National Bank (PNB) and Bank of Baroda taking over smaller lenders, said a senior finance ministry official. |
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Bank of Baroda's Q3 equity capital shrinks on reinterpretation of RBI rules
Posted on 13th February 2017 |
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Bank of Baroda (BoB), whose common equity tier I capital shrunk by Rs 3,517 crore in Q3 on re-interpretation of Reserve Bank of India (RBI) rules, will explore qualified institutional placement (QIP) to raise equity resources for growing business. The common equity tier I capital (CET-I) in absolute terms declined sharply from Rs 39,632 crore at the end of the second quarter in September 2016 (10.09 per cent) to Rs 36,115 crore (9.28 per cent) at the end of December 2016. Overall, the capital adequacy ratio stood at 12.55 per cent at the end of Q3 of FY17, down from 12.94 per cent for Q2 FY17. |
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SBI, Bank of Baroda gain ahead of Q3 results
Posted on 10th February 2017 |
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Shares of State Bank of India (SBI) and Bank of Baroda (BOB) gained 2% on BSE in noon deal trade ahead of their October-December (Q3) results today. The stock of SBI, India’s largest state-owned bank, was trading at Rs 281, close to its 52-week high of Rs 289, touched on November 11, 2016 in intra-day trade. In past one month, it outperformed the market by gaining 13% as compared to 5% rise in the benchmark S&P BSE Sensex. |
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Bank of Baroda slashes home loan rate by 70 bps, turns cheapest in India
Posted on 10th January 2016 |
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Public sector lender Bank of Baroda (BoB) on Monday lowered interest rate on home loans by 70 basis points (bps) to 8.35% – the lowest in the industry. In doing so, the bank has decided to offer home loans at its one-year marginal cost of funds-based lending rate (MCLR) without any spread to customers with CIBIL score of 760 and above. |
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Bank of Baroda, United Bank join MCLR cut bandwagon
Posted on 6th January 2016 |
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State-owned lenders Bank of Baroda and United Bank of India on Thursday reduced their marginal cost of funds-based lending rates (MCLRs). While BoB reduced it by 55-75 basis points across tenures, United Bank cut the rate by up to 90 basis points across tenures. BoB’s one-year MCLR now stands at 8.35%, 70 bps lower than earlier. The overnight, one-month, three-month and six-month MCLRs have also been revised to 8.10%, 8.15%, 8.20%, 8.30%, respectively. |
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Bank of Baroda uses centralized war room to spur lending decisions
Posted on 16th November 2016 |
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Mumbai: A room with a giant screen displays project-wise data, colour coded to show the stage of its implementation, and adorning one of the walls is a mascot of a warrior. This is the war room where top executives of Bank of Baroda take the biggest credit decisions and firm up plans so that they are implemented across the bank immediately. |
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