Page 31 - Bank Of Baroda
Bank of Baroda puts Bhushan Power & Steel, 66 other accounts on block
As resolution through the insolvency courts keep getting delayed inordinately, the state-run Bank of Baroda has put on sale non-performing loans amounting to Rs 9,060 crore, including two large accounts - Bhushan Power & Steel and Alok Industries which are undergoing insolvency process but delayed. While Bhushan Power & Steel dues are to the tune of Rs 2,099 crore, Alok Industries dues are Rs 903 crore. Both these companies are among the 12 largest stressed accounts which the Reserve Bank had asked banks to refer to National Company Law Tribunals for resolution in June 2017 and forms the first list put out by the monetary authority in the mid-2016. The third largest lender had put Bhushan Power & Steel on sale in December 2018 but could not find a buyer. Besides these two big accounts, the bank is also looking to sell 65 other medium and small-size stressed accounts worth Rs 6,057 crore, only on cash basis, according to the information on the bank's ...
 "Bank of Baroda puts Bhushan Power & Steel, 66 other accounts on block")
Planning to raise Rs 11,900 cr in FY20 through share sale: Bank of Baroda
It has been decided to raise size of ESPS scheme to 15 crore shares with a face value of Rs 2 each as against 10 crore shares proposed in January this year
BoB narrows net loss to Rs 991 cr in Q4 on accelerated NPA provisioning
The provisions for NPAs for the fourth quarter was at Rs 5,550 versus Rs 3,416 crore in the previous quarter
BoB looks to rationalise 800-900 branches, to boost operational efficiency
With the first ever three-way merger, BoB has now become the second-largest public sector lender after State Bank of India
Bank of Baroda paints 3 brands with one brush, unpacks a new identity kit
The bank unpacks a new identity kit, aims to create awareness and present a united front for all stakeholders
 "Bank of Baroda paints 3 brands with one brush, unpacks a new identity kit")
Bank of Baroda hikes MCLR by 0.05%, overnight money to attract 8.3%
Similarly, for one-month and three-month tenors the interest rates have been increased to 8.30% and 8.45%, respectively
Expecting good growth in next 2 quarters: Bank of Baroda MD & CEO Jayakumar
There was no difference between pre-merger numbers of BoB and ratios after the merger, P S Jayakumar, MD and CEO Bank of Baroda says
 "Expecting good growth in next 2 quarters: Bank of Baroda MD & CEO Jayakumar")
Vijaya, Dena to become Bank of Baroda from Monday; to work as BoB outlets
The government in September last year announced the first-ever three-way consolidation of banks in India, with a combined business of Rs 14.82 lakh crore
 "Vijaya, Dena to become Bank of Baroda from Monday; to work as BoB outlets")
Branches of Vijaya, Dena Bank to function as BoB outlets from April 1: RBI
Earlier this week, the government decided to infuse Rs 5,042 crore in BoB to enhance capital base of the lender ahead of the merger
 "Branches of Vijaya, Dena Bank to function as BoB outlets from April 1: RBI")
Govt to infuse Rs 5,042 cr into BoB ahead of merger with Dena, Vijaya
The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank
BoB to develop agri-digital platform 'Baroda Kisan', inks MoUs with 6 firms
Farmers are an integral part of India, and 'Baroda Kisan' is a dedicated platform created to ease their requirements, the bank said
Bank of Baroda hits six-month high; surges 23% in one month
The stock was up 2% to Rs 127 in intra-day trade on Wednesday, its highest level since September 18, 2018 on the BSE.
 "Bank of Baroda hits six-month high; surges 23% in one month")
Bank of Baroda to sell NPAs worth Rs 6,000 cr, including RCom debt
The bank has identified loans to 49 companies for sale
Bank of Baroda Q3 profit rises to Rs 471 crore, asset quality improves
Total income in the reported quarter increased at Rs 14,562.85 crore as compared to Rs 12,976.28 crore in the year-ago period
Favourable valuation brings cheer to investors of Bank of Baroda
While Dena and Vijaya banks are taking a huge hit on valuations, the deal is seen accretive for BoB
 "Favourable valuation brings cheer to investors of Bank of Baroda")
Vijaya Bank, Dena Bank fall; BoB gains on fixing swap ratio for merger
Dena Bank plunged 20% to Rs 14.40 and Vijaya Bank slipped 7% to Rs 47.25, while Bank Baroda was up 3% at Rs 123 on the BSE in intra-day trade.
 "Vijaya Bank, Dena Bank fall; BoB gains on fixing swap ratio for merger")
Swap ratio fixed for Bank of Baroda merger with Vijaya, Dena bank
Vijaya, Dena shareholders to get 402 & 110 shares, respectively, of BoB for every 1,000 held
 "Swap ratio fixed for Bank of Baroda merger with Vijaya, Dena bank")
Cabinet clears merger of Dena Bank, Vijaya Bank with Bank of Baroda
With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank
BoB finalises share swap ratio for merger of Vijaya Bank, Dena Bank
The government in September last year had announced merger of state-owned Vijaya Bank and Dena Bank, with larger peer Bank of Baroda, aiming to create the third largest lender after SBI and ICICI Bank
BoB shareholders to meet next month to consider capital raise under ESPS
The bank said the issue price under ESPS has to be decided by the board and it will be in a way so that the government holding does not come below 52%
