Page 14 - Bank Of Baroda

Interest rates to be at higher levels in FY24 as long as inflation is up

Credit rating agency Acuite Ratings and Research said the RBI will continue with monetary tightening and will hike the policy rate by 25 basis points

Nifty PSU Bank index surges 4% amid rebound in Adani group stocks

SBI, Bank of Baroda, Punjab & Sind Bank, Union Bank of India, UCO Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank were up 4 - 7 per cent each.

Bank of Baroda CEO Chadha says willing to continue lending to Adani group

Bank of Baroda will extend loans to the conglomerate if it meets the lender's underwriting standards, said Sanjiv Chadha

Bank of Baroda to consider all borrower requests, including Adani, on merit

"Irrespective of borrower, you have underwriting standards and you stick to them in good times as well as bad times," Sanjiv Chadha, CEO and MD, at Bank of Baroda

Hindenburg fallout: Adani Group decreasing exposure to Indian banks

Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a fourth is from domestic banks

BoB, IOB hike lending rates; SBI marginally increases deposit rates

Bank of Baroda and Indian Overseas Bank have increased their marginal cost of fund-based lending rates (MCLR), following a hike in the interest rates on loans and deposits by their largest public sector peer SBI. The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased the borrowing costs by 25 basis points (bps). The RBI's six-member Monetary Policy Committee had raised the benchmark repurchase or repo rate to 6.50 per cent in its latest bi-monthly policy review. This was the sixth straight increase in interest rates since May last year, and the cumulative hike now totals 250 bps. State-owned Bank of Baroda (BoB) has increased its MCLR by 5 bps across all tenors from February 12. The bank has revised one-year MCLR to 8.55 per cent from 8.5 per cent. The overnight, one-month and three-month MCLRs stand at 7.9, 8.2 and 8.3 per cent, respectively, according to its website. Another state-run lender Indian Overseas Bank (IOB) has .

MSCI revision: CG Power, Bank Baroda look bullish on charts; avoid Biocon

Biocon share may slip up to 21 per cent if breaks 52-week low

PNB, BoB raise lending rates by up to 25 bps following RBI rate hike

Leading public sector lenders Punjab National Bank (PNB) and Bank of Baroda (BoB) have raised their lending rates by up to 25 basis points following the interest rate hike by Reserve Bank earlier this week. PNB in a regulatory filing said it has effected a 25 basis point increase in the Repo Linked Lending Rate (RLLR) from 8.75 per cent to 9 per cent effective from Thursday. The Reserve Bank on Wednesday hiked the benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. It was the sixth time the interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of increase to 250 basis points. BoB increased its Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points across all tenures. The new rates are effective from February 12, BoB said in a regulatory filing. After the latest revision, its MCLR has risen from 7.85 per cent to 7.90 per cent for the overnight tenure. The MCLR for one month has

Air India to borrow Rs 18K-cr from SBI, BoB to refinance existing debt: Rpt

These loans will be in continuation of the debt facility Tata Group received following the acquisition of Air India

Robust broader capex cycle to accelerate corporate loan book: BoB MD & CEO

'We have made investments in terms of making sure our savings banks franchise is strengthened'

Open to lending to Adani Group but with conditions: Bank Of Baroda

Investors have been worried about various banks' exposure to the Adani Group ever since U.S.-based short-seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation

Bank of Baroda Q3 net up 75%; exposure to Adani Group well below RBI cap

Bank management says, exposure to Adani Group well below the ceiling prescribed by RBI under large exposure framework

Sensex zooms 910 pts as financials defy Adani rout; Nifty ends above 17,850

Closing Bell: On the Nifty, Adani Ports closed in green after two days with a firm gain of 6 per cent., while Adani Enterprises erased over 50 per cent of its day's losses to close 2 per cent down

Bank of Baroda reports highest-ever quarterly profit of Rs 3,853 cr in Q3

On the bourses, shares of the bank jumped over 5 per cent to an intra-day high of Rs 162.3 per share

Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins

Budget numbers highly doable, should push private capex cycle: BoB chief

Public sector Bank of Baroda chief executive Sanjiv Chadha said the budget push on public capex will nudge private companies which have been holding back investments for many years, to open their purse-strings now, leading to the much-awaited revival of an investment cycle. The budget proposes to increase public spending on infrastructure by a full 33 per cent to Rs 10 lakh crore next fiscal even as it guided towards fiscal prudence with fiscal gaps being pegged at 6.4 per cent for FY23 and 5.9 per cent for FY24 and at 4.5 per cent by FY27. The budget also has penciled in a lower revenue growth forecast given the most-likely fall in nominal GDP from 15.5 per cent this fiscal to about 10 per cent next year. Discounting the poor market reaction to the budget as a short term, Chadha told PTI that the budget clearly underlines some consistent themes as it has been doing in the past many years. Even in the very uncertain times like now, there are four-five consistent budget themes in th

Bank of Baroda Q3: What to expect from the lender's Dec quarter result?

Bank of Baroda Q3 preview: Analysts said traction in deposits, margin trajectory, and update on appointment of new MD & CEO would be on investors' radar

Stocks to Watch: Axis Bank, Maruti, ConCor, HFCL, Zomato, BoB, Gold related

Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.

Bank of Baroda, CG Power may get added to MSCI global standard index

Biocon is expected to get excluded from the index

Moody's upgrades ratings for PNB, Canara Bank and Bank of Baroda to 'Baa3'

India's improving macros, banks improving credit profile trigger upgrade