The profitability would be sustained this year as we expect improvement in net interest income owing to change in liquidity and interest rate trajectory
State Bank of India (SBI), Indian Overseas Bank (IOB), Uco Bank, Central Bank of India and Union Bank of India slipped between 1 per cent to 2 per cent in intraday deals on Monday
State-owned Bank of Baroda (BoB) on Tuesday reported a marginal 3 per cent rise in net profit at Rs 5,048 crore for March quarter of FY25. The lender had earned a net profit of Rs 4,886 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 35,852 crore, from Rs 33,775 crore a year ago, BoB said in a regulatory filing. The bank's interest income grew to Rs 30,642 crore, from Rs 29,583 crore in the fourth quarter of the previous financial year. However, net interest income (NII) in the quarter declined to Rs 11,020 crore, from Rs 11,793 crore in the same period a year ago. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) moderated to 2.26 per cent of gross advances, as compared to 2.92 per cent by the end of March 2024. Similarly, net NPAs came down to 0.58 per cent of the net advances, over 0.68 per cent at the end of 2024. The provision coverage ratio of the bank stood at 93.29 per cent as on March 31, 2025. The bank'
Bank of Baroda share price crashed on the BSE today after the PSB reported a muted increase in Q4FY25 net profit on the back of higher provisions and a weak net interest income
Customers younger than 40 years to get 0.10% concession in rates as lender seeks to 'home ownership more affordable'
Bank of Baroda has cut home loan rates by 40 basis points, with revised rates starting at 8 per cent and linked to borrower credit scores; added concessions offered
Technical charts indicate a likely mixed outlook for state-run banking shares. Bank of Baroda and IOB stocks seem to be favourably placed, while PNB and Canara Bank may witness downward pressure.
Bank of Baroda Q4 results: Bank of Baroda is scheduled to report its Q4FY25 results on Tuesday, May 6, 2025
The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement
Shares of SBI and Axis Bank can potentially rally to new life-time highs, suggests technical charts. Bank of Baroda stock too can jump another 14% from present levels; here are the key levels to track
The savings account will allow customers to deposit unlimited cash each month, with free RTGS, NEFT, and IMPS transactions
The new FD scheme, named the Square Drive Deposit Scheme, was launched on April 7
Credit grew faster than deposits
SBI share price: Among the two, however, UBS is more bullish on Bank of Baroda stock due to inexpensive valuations
Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion
IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities
The inaugural season, starting on February 22, will have Bank of Baroda and CIFDAQ Global as its platinum sponsors, as per IML's release
Approves extra time for AT1 and Tier-II debt capital issuance
Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana. Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. The PM - Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a bold vision to supply solar power to one crore households by March 2027. "This strategic collaboration with Bank of Baroda marks a significant step in our mission to make clean energy solutions accessible to every household in India. By offering affordable and convenient financing options, we are enabling residential customers to embrace rooftop solar technology with ease," Deepesh Nanda, CEO & ...
Currently, the deposit market is very tight, both in terms of growth and also on the cost side. So, clearly, the cost of deposit is higher resulting in a lower NII growth, Chand said