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State-owned Bank of Baroda is aiming to grow its Rs 4.56 lakh crore corporate book by 10 per cent in FY27, and has pegged the current pipeline of such big-ticket lending at Rs 50,000 crore. Amid worries on sluggish private capex growth, its managing director and chief executive Debadatta Chand said nearly two-thirds of the proposals continue to be for term loans and the rest is for working capital, suggesting a good demand for investment purposes. On the telecom sector loans, where there is intense speculation on Vodafone Idea's next moves as part of the revival process, Chand said right policy measures and coming together of banks and other stakeholders can result in new loans. "Our overall pipeline is Rs 50,000 crore at present. Half of it is sanctioned and yet to be disbursed while the remaining is loan proposals under discussions," Chand told PTI. He said there is a strong demand from the renewable power and also core sectors like steel and cement for capacity building. In ord
Bank of Baroda (BoB) on Friday reported an 11 per cent rise in profit to Rs 5,616 crore during the March quarter. The state-owned lender had earned a net profit of Rs 5,048 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 36,609 crore, from Rs 35,852 crore a year ago, BoB said in a regulatory filing. The bank's interest income grew to Rs 32,642 crore, from Rs 30,642 crore in the fourth quarter of the previous financial year. However, net interest income (NII) in the quarter declined to Rs 12,494 crore, from Rs 11,020 crore in the same period a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.89 per cent of gross advances, as compared to 2.26 per cent by the end of March 2025. Similarly, net NPAs came down to 0.45 per cent of the advances, over 0.58 per cent at the end of 2025. The provision coverage ratio of the bank improved marginally to 93.94 per cent as on March 31, 2026. The bank's c
The government has extended the tenure of Managing Directors of Bank of India (BoI) and Bank of Baroda (BoB) for three years beyond their current terms. According to sources, the government has extended the term of Rajneesh Karnatak, MD and CEO of BoI, for three years, effective April 29, 2026. Karnatak was appointed as MD and CEO of the bank in 2023 for three years. Besides, the Appointment Committee of the Cabinet, headed by Prime Minister Narendra Modi, also approved the extension of Debadatta Chand, MD and CEO of BoB, for three years, effective July 1, 2026. However, the government has not yet taken a view on extension with regard to UCO Bank MD and CEO Ashwani Kumar, whose three-year term is also coming to an end on June 1, 2026. The Appointment Committee of the Cabinet has also extended the term of Ashutosh Choudhary as executive director of Indian Bank for another three years.
State-owned lender Bank of Baroda plans to raise up to Rs 10,000 crore through issuance of green infrastructure bonds on March 4. The base issue size is Rs 5,000 crore, with a green shoe option to retain oversubscription of up to Rs 5,000 crore, taking the total issue size to Rs 10,000 crore, market sources said. Bonds will have a tenor of seven years and are scheduled to mature on March 5, 2033. The pay-in and allotment date is March 5, 2026. Pay in is the date when exchange of bonds and money takes place between issuer and investor. The bidding for the bond issue will take place between 11:00 am and 12:00 pm on March 4 on the Electronic Book Provider (EBP) platform of the National Stock Exchange of India. Bonds have been rated 'AAA' with 'Stable' by CARE Ratings and ICRA. The bonds will carry annual interest payments and will be allocated on a uniform yield basis through a closed bidding process. The minimum application size is Rs 1 lakh and in multiples of Rs 1 lakh thereafter.