Page 11 - Bank Of Baroda

Is Nifty PSU Bank nearing an interim peak? Keep an eye on this pivot point

In a past instance, the Nifty PSU Bank corrected over 23 per cent in the following two months after the index entered overbought zone on the monthly scale.

Stocks to Watch today, Sep 13: Infosys, Vedanta, BoB, Paytm, KEC, SpiceJet

Stocks to watch on Wednesday, September 13, 2023: Steel stocks too may see some action India and the US plan to enable exports of at least 336,000 tonnes of certain steel and aluminium products withou

BoB's festival offer: Home loans at 8.4%, 80-bps discount on personal loans

Offers 80 bps discount on personal loan

Bank of Baroda enables UPI ATM facility at over 6,000 ATMs across country

State-owned Bank of Baroda (BoB) on Friday announced that it has enabled the UPI ATM facility at over 6,000 ATMs across the country. It is the first public sector bank to launch UPI ATMs, in coordination with the National Payments Corporation of India (NPCI) and powered by NCR Corporation, BoB said in a statement. Customers as well as customers of all participating issuer banks using any UPI-enabled Mobile app can withdraw cash from Bank of Baroda UPI ATMs without using their debit card, it said. Using the Interoperable Cardless Cash Withdrawal (ICCW) technology, which facilitates cardless cash withdrawals through ATMs, the UPI ATM enables seamless QR-based cash withdrawals, doing away with the need to carry a Card to withdraw cash, it said. One of the major benefits of the UPI ATM facility is that customers can withdraw cash from multiple accounts linked to UPI, it said. UPI ATM transactions are also quicker, convenient, and secured as they generate a single-use dynamic QR code f

IREDA ropes in Union Bank, BoB to co-finance renewable energy projects

State-owned IREDA has partnered with public sector lenders Union Bank of India and Bank of Baroda to co-finance renewable energy projects. Under the Ministry of New and Renewable Energy, IREDA is a non-banking financial institution engaged in extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation. In a statement on Tuesday, the Indian Renewable Energy Development Agency Ltd (IREDA) said it has signed Memorandum of Understanding (MoU) with Union Bank of India (UBI) and Bank of Baroda (BoB). These agreements will facilitate co-lending and loan syndication for a wide range of renewable energy projects, IREDA said. IREDA General Manager (Technical Services) and Dhirendra Jain, General Manager (Large Corporate Vertical) of UBI signed the MoU in presence of IREDA CMD Pradip Kumar Das and A Manimekhalai, Managing Director & CEO of Union Bank of India. While Bharat Singh Rajput of IREDA and Dhiren Lalai, ...

Ireda partners with banks to boost renewable energy projects in India

Agreements with Union Bank of India and Bank of Baroda set to empower renewable energy projects

Sowing of paddy rises around 4% and pulses down 8.53% this season

A report by Bank of Baroda pegs upto 4 per cent rise in kharif rice output, but 12 pc decline in pulses production

Baroda UP Bank to rationalise over 250 branches in semi-urban, rural areas

Appoints BCG for organisational revamp

BoB withdraws Sunny Deol's villa auction notice, cites technical reasons

Reversal in decision comes within a day of the initial auction notice for the actor's Juhu property

Sunny Deol offers to settle dues for his Mumbai bungalow: Bank of Baroda

State-owned Bank of Baroda on Monday said actor Sunny Deol has offered to settle the dues related to his bungalow in Mumbai. The lender's statement comes hours after it withdraw the public notice to auction the villa owned by actor and sitting BJP Member of Parliament to recover Rs 56 crore dues. "In the meantime, the borrower has approached the bank for settling the dues as per the sale notice published on August 20, wherein the borrower/guarantors were notified that they are entitled to redeem the securities by paying the outstanding dues/costs/charges and expenses at any time before the sale is conducted," the bank said.

Why did the Bank of Baroda want to auction Sunny Deol's Juhu bungalow?

On Monday, Bank of Baroda said it had withdrawn the auction notice for Sunny Deol's Juhu bungalow

BoB to auction Sunny Deol's Juhu villa to recover Rs 56 cr on Aug 25

State-owned Bank of Baroda has put on the block a property owned by actor and sitting BJP Member of Parliament Sunny Deol to recover Rs 56 crore through an e-auction to be held on August 25. The Gurdaspur MP, whose latest flick Gaddar 2 is a box office success having already grossed over Rs 300 crore since the release last week, has been in default on a Rs 55.99 crore loan from the bank and interest and penalty, since December 2022, the second largest state-owned lender said in a public tender on Sunday. The bank, which has attached the property, Sunny Villa located on the Gandhigram Road in the tony Juhu area of the megapolis, has fixed the reserve price for the auction at Rs 51.43 crore and an earnest money deposit of Rs 5.14 crore. Apart from the Sunny Villa, the 599.44 square metre property also houses Sunny Sounds, which is owned by the Deols, and is the corporate guarantor to the loan, while his actor-politician father Dharmendra is the personal guarantor of the debt, accordin

Bank of Baroda, Canara Bank, BoM hike lending rates by up to 10 bps

A number of public sector banks, including Bank of Baroda (BoB) and Canara Bank, raised the marginal cost of funds based lending rates (MCLR) by up to 10 basis points even though RBI retained policy rate on Thursday. The move will make EMIs linked to MCLR expensive. The one-year tenor MCLR is the rate against which most consumer loans are tied to. The revised one-year MCLR would be 8.70 per cent as against the existing rate of 8.65 per cent, BoB said in a regulatory filing. The new rate would be effective from August 12, it said. Canara Bank too raised its MCLR by 5 basis points to 8.70 per cent effective August 12. Another public sector lender, Bank of Maharashtra (BoM) has increased its MCLR by 10 basis points. With the hike, the rate of one-year MCLR rises to 8.60 per cent as compared to 8.50 per cent, BoM said in a filing. The revised rate is effective from August 10, 2023, it said. The Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6

Sensex ends 232 pts up, Nifty50 near 19,600; Pharma, IT stocks upbeat

Closing Bell on August 7: Among sectors, Nifty Healthcare, Nifty Pharma, and Nifty IT indices emerged as the top leaders, gaining up to 2 per cent

Stocks to Watch today, Aug 07: Yatharth, TD Power, RIL, BoB, GNFC, Zen Tech

Stocks to watch on August 07, 2023: Shares of consumer discretionary such as Dixon Tech and Amber Enterprises are expected to be in focus after government relaxed curbs on laptop imports.

Bank of Baroda Q1FY24 proft rises 87.7% on growth in net interest income

The non-interest income almost tripled YoY to Rs 3,322 crore. Sequentially, it was down from Rs 3,466 crore in Q4FY2

Bank of Baroda to report Q1FY24 results on Aug 5; here's what to expect

Bank of Baroda Q1FY24 results preview: Analysts expect growth in personal loan book to remain robust, taking the total loan book to Rs 9.61 trillion

Erratic rainfall may lead to higher inflation in near term: BoB research

Economics research department of Bank of Baroda (BoB) said that erratic rainfall across the country has resulted in lower 'kharif' sowing this year which is likely to translate into higher inflation in the near term. A report prepared by the department said that rainfall has been six per cent above the long-period average (LPA) till July 30. However, the Eastern and North Eastern region received lower precipitation, while the North Western region recorded higher rainfall. This has resulted in lower 'kharif' sowing this year with pulses registering much lower as compared to last year. "This is expected to translate into a higher inflation in the near term, as IMD expects El Nino conditions will develop in the middle of the monsoon period", the report said. 'Kharif' season is the sowing season from June to the end of October. The country's CPI inflation rate rose to a three-month high of 4.81 per cent, with WPI inflation at 4.12 per cent. The RBI Governor-led six-member monetary p

Digital push minus customers' safety

The bank is apparently working on a clean-up, but that is not enough. The regulator is also investigating the case, but what will come of it?

Make hay while the sun shines

It's time for the government, the majority owner of public-sector banks, to reap the benefit of the rally in bank stocks