Page 12 - Bank Of Baroda

Bank of Baroda nears 52-wk high, up 3%; regains Rs 1 trillion m-cap

Analysts at ICICI Securities believe the bank will report credit growth in line with industry growth coupled with healthy margins and steady asset quality and, thus, aid RoA of around 1 per cent.

Profit trajectory to continue despite ECL regime impact: BoB MD & CEO

'Our loans grew 18.5 per cent last year, which is above the market'

PNB, LIC, SBI and BoB looking to seek formal bids for stake sale in UTI AMC

These entities have already appointed merchant bankers to initiate the sale process in UTI AMC

BoB receives Rs 10,000 crore via Rs 2,000 note deposits, exchange

The senior official on Sunday told Business standard that his bank had received around Rs 9,000 crore worth of Rs 2,000 currency notes as deposits

Stellar show by banks, but will it continue?

There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter

Nearly 80% Indians depositing Rs 2,000 notes instead of exchanging: Report

Back in May 2023, the central bank said that it would withdraw Rs 2,000 notes from circulation and allowed people to exchange or deposit these notes latest by September 30, 2023

Stocks to Watch today, June 7: Adani Green, Mazagon Dock, Torrent Power

Stocks to Watch today, June 7, 2023: Tata Power, Uniparts India, Seshasayee Paper, Marksans Pharma will turn ex-dividend on Wednesday

HC refuses to interfere with BoB's decision inviting EoI for NBL stake sale

The Delhi High Court has refused to interfere with the "expression of interest (EoI)" invited by Bank of Baroda (BoB) for acquisition of its stake in Nainital Bank Limited (NBL). Justice Purushaindra Kumar Kaurav dismissed a petition by the Nainital Bank Officers Association and said BoB's divestment decision was not arbitrary or illegal, and there was no "clear violation" of any statutory provisions in the process. The judge, in an order passed on May 2, said divestment is a policy decision involving complex economic factors, and courts have consistently refrained from interfering with economic decisions. "This court, therefore, at this stage, is not inclined to interfere with the impugned advertisement of EoI. However, it would be open to the petitioner to raise any grievance at an appropriate stage in accordance with the law, if so necessitated," the court ordered. "It is thus seen that in the instant case, in the absence of there being a clear violation of any statutory provisi

Bank of Baroda launches cash withdrawal facility via UPI on its ATMs

Bank of Baroda on Monday announced launch of Interoperable Cardless Cash Withdrawal (ICCW) facility wherein a customer can withdraw cash using UPI from the bank's ATMs. "The first public sector bank to launch this service, Bank of Baroda customers as well as customers of other participating issuer banks that use BHIM UPI, bob World UPI or any other UPI application enabled for ICCW on their mobile phone can withdraw cash from a Bank of Baroda ATM without using their debit card," the lender said. On selecting the option 'UPI Cash Withdrawal' at a Bank of Baroda ATM, the customer needs to enter the withdrawal amount, post which a QR code is displayed on the ATM screen. Explaining the process, the lender said the customer will scan the QR code using a UPI app enabled for ICCW and then authorise the transaction with her/his UPI PIN on the mobile phone to withdraw the cash from the ATM. If multiple bank accounts are linked to a single UPI ID, ICCW functionality gives customers the option

RBI-MPC may lower inflation forecast marginally: BoB Chief Economist

The consumer price index (CPI) inflation moderated in April-23 to 4.70 per cent year-on-year (YoY) and remained within the RBI's target range (2-6 per cent) for the second consecutive month

Bank of Baroda board approves raising Rs 5,000 crore by March 2024

The capital will be raised when the market is conducive, the bank said

BOB Financial opens up its entire RuPay Credit Card base for linking on UPI

BoB Credit Card customers can now use their RuPay Credit Cards on UPI with BHIM and other UPI-enabled Apps, BOB Financial Solutions Ltd (BFSL) said on Wednesday. BFSL is a wholly owned subsidiary of Bank of Baroda, and National Payments Corporation of India (NPCI). This enablement would open doors for Bank of Baroda RuPay Credit Card users to transact across all the merchant outlets with QR codes and POS devices in the country backed by convenience and security assurance of UPI, a joint statement said. Credit Card on UPI gives our customers access to the ease and convenience of transacting on UPI while they continue to enjoy the benefits of a credit card, BoB managing director Sanjiv Chadha said. BoB RuPay credit card customers can now directly link their credit cards with the UPI applications of their choice, such as BHIM, PhonePe, Paytm, Google Pay, Slice, MobiKwik and PayZapp. "And they do not even have to carry the card with them. With this launch, we expect a significant rise

Bank of Baroda aims at 12-15% credit growth in FY23: Executive director

State-owned Bank of Baroda (BoB) on Monday said it expects 12-15 per cent credit growth during the current financial year. During the last financial the bank recorded a credit growth of 16 per cent. "We aim at credit growth of 12-15 per cent while deposits are expected to grow at 12-13 per cent," BoB executive director Lalit Tyagi said on the sidelines of 'Bank of Baroda Rashtrabhasha Samman' Awards 2023 here. The bank is using a digital platform for customer acquisition, he added. The award has been instituted to recognise and promote literary works in various Indian languages (included under the 8th Schedule of the Constitution) as well as to make the best Indian literature available to Hindi readers through translations, thereby broadening the interest and making the novels accessible to a larger set of readers, he noted.

Public sector banks' total dividend payout 58% higher than in FY22: Report

Three out of 12 PSBs namely SBI, Bank of Baroda, and Canara Bank, declared a three-digit dividend during the year

Analysts raise target on Bank of Baroda post Q4, see up to 29% upside

Bank of Baroda Q4 result review: Bank of Baroda's net profit grew 168 per cent year-on-year (YoY) at Rs 4,775 crore for the quarter ended March 2023

Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal

Its gross non-performing assets (NPA) ratio fell to 3.79% in the fourth quarter from 4.53% in the previous quarter, while its net NPA ratio fell to 0.89% from 0.99% for the same period

Doors not shut for funding airlines; strong players creditworthy: BoB CEO

The share of retail deposits would rise and help keep net interest margins intact, Sanjiv Chadha, managing director and chief executive of Bank of Baroda, says

Bank of Baroda makes Rs 500 crore provision for Go First exposure

Out of this exposure, about Rs 1,000 crore is collateralised by tangible securities and by way of corporate guarantees

Sensex sheds 413 pts as HDFC twins, RIL weigh; Nifty ends below 18,300

CLOSING BELL: The BSE Midcap, Smallcap indices, however, bucked the trend and ended with a gain of up to 0.2 per cent. Breadth too was marginally positive.

Bank of Baroda Q4 net profit up 168% at Rs 4,775 cr on healthy NII

Public sector lender recommends dividend of Rs 5.5 per share for face value of Rs 10 each