Page 19 - Bank Of Baroda

Bank of Baroda Q1 net profit increases 79.3% to Rs 2,168 crore; NII up 12%

Posts 12% YoY growth in net interest income; Bad loan Provisions down on improved asset quality

Changes in rules from August 1: LPG cylinder price, BoB payment scheme

August will be full of shocks and surprises as there will be some changes in rules, banks closed for 18 days, a change in the Bank of Baroda cheque payment system and the introduction of PPS

Treasury losses, low provision: What to expect from Bank of Baroda's Q1 nos

Analysts would track Bank of Baroda's commentary on asset quality, and future growth trajectory of return on equity (RoE), loan growth and NIM

Bank of Baroda hikes interest rates on fixed deposits below Rs 2 crore

The interest rate for deposits maturing in one year will fetch an interest rate of 5.30 per cent, up from the previous 5 per cent

Major PSU banks to go live on account aggregator system by July-end

SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem

Stocks to watch: HCL Tech, BoB, Coal India, L&T, Paytm, SpiceJet, Wipro

Stocks to watch today: HCL Technologies will report June quarter results 2022 (Q1FY23) on Tuesday, July 12; Coal India ramped up capex plans to Rs 3,034 crore, up 64.8 per cent in June quarter 2022.

Bank of Baroda raises MCLR on select tenor loans by up to 15 basis points

State-owned Bank of Baroda has raised the marginal cost of funds based lending rate by up to 0.15 per cent for select tenor of loans with effect from Tuesday. The bank has approved the revision in Marginal Cost of funds based Lending Rate (MCLR) with effect from July 12, 2022, Bank of Baroda said in a regulatory filing on Monday. The one year MCLR, the benchmark for most of consumer loans such as auto, home and personal loans, has been revised upwards to 7.65 per cent from the existing 7.50 per cent. The three-month and six-month tenor loans will have new MCLRs at 7.35 per cent and 7.45 per cent, respectively, up by 0.10 per cent each. On Monday, shares of Bank of Baroda closed 3.74 per cent up at Rs 109.55 apiece on BSE.

BoB mulls issuing long term bonds to fund infra, affordable housing sectors

Bank of Baroda is mulling to raise capital by issuing long term bonds to finance infrastructure and affordable housing sectors in the country. A meeting of the investment committee will be convened later this month to get an approval, Bank of Baroda said in a regulatory filing on Thursday. "The Investment Committee meeting of our bank is scheduled to be held on 16th July 2022 to finalise the quantum and timing of issuance of long term bonds for financing of infrastructure and affordable housing, out of the board approved limit of Rs 5,000 crore," it said. Stock of Bank of Baroda closed 5.63 per cent higher at Rs 105.05 apiece on BSE.

IndiaFirst Life Insurance selects bankers for IPO expected later this year

IndiaFirst will be the fourth private sector life insurer to get listed on the bourses

Stocks to Watch Today: Adani Power, Biocon, Tata Steel, NTPC, PSU Banks

Stocks to Watch Today: Among airline shares, SpiceJet has reported seven aircraft related incidents in the last two months; while IndiGo said has hired over 1,500 cabin crew staff to counter likely at

SBI, Canara, Bank of Baroda plan to raise Rs 7,500 crore through AT-1 bonds

IOB also likely to tap debt capital market, say sources, though quantum of fund-raising being planned isn't clear

Sensex snaps 4-day winning run, slips 150 pts; RIL gains 2%, Oil India 4.5%

CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each

Stocks to watch: Reliance, Tata Motors, Biocon, Tata Steel, J&K Bank, BoB

Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.

BoB rejigs corporate banking biz, to open 27 branches for mid-corp entities

After rationalisation, nine Bank of Baroda branches will cater to large corporates while 27 will be for mid-sized corporates

Bank of Baroda to raise Rs 5,000 crore via long-term infrastructure bonds

Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds. The board of directors in its meeting held on Monday approved the proposal of issuing long-term bonds for financing infrastructure projects and affordable housing worth to the tune of Rs 5,000 crore, the bank said in a regulatory filing. The money will be raised in single or multiple tranches during financial year year 2022-23. These bonds shall be senior, unsecured and will not form part of capital of the bank, it said. Bank of Baroda stock closed flat at Rs 99.95 apiece on BSE on Monday.

Adani group firm Kutch Copper raises Rs 6,071 cr for one mn tonne unit

Funds raised for first phase of greenfield plant, firm signs financing documents with SBI-led consortium

Lending rate hikes will not deter borrowers, says Bank of Baroda MD

Amid lending rate hikes by several lenders, state-run Bank of Baroda's CMD Sanjiv Chadha on Thursday termed the increases as "normalisation" in borrowing costs which will not deter loan seekers.

SBI raises lending rates, HDFC Bank and BoB increase deposit rates

Moves follow RBI's 90-bp repo rate increase in a little over a month

6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default

The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan

Indian PSBs plan to exit Hong Kong as strict regulations, Covid woes pinch

State Bank of India (SBI) will likely be the only PSB in Hong Kong, alongside private sector banks ICICI and HDFC