Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion
IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities
The inaugural season, starting on February 22, will have Bank of Baroda and CIFDAQ Global as its platinum sponsors, as per IML's release
Approves extra time for AT1 and Tier-II debt capital issuance
Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana. Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. The PM - Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a bold vision to supply solar power to one crore households by March 2027. "This strategic collaboration with Bank of Baroda marks a significant step in our mission to make clean energy solutions accessible to every household in India. By offering affordable and convenient financing options, we are enabling residential customers to embrace rooftop solar technology with ease," Deepesh Nanda, CEO & ...
Currently, the deposit market is very tight, both in terms of growth and also on the cost side. So, clearly, the cost of deposit is higher resulting in a lower NII growth, Chand said
Meanwhile, deposit growth should accelerate to 13% in 2025-26 from an expected 9%-11% this year, with a focus on low-cost current and savings inflows, the CEO said
Bank of Baroda share: Bank of Baroda share price today declined 5.1 per cent on the BSE to hit an intraday low of Rs 211.1 per share
Reports muted NII growth; Guides for NIM of 3.0-3.10%
State-owned Bank of Baroda (BoB) on Thursday reported a 5.6 per cent increase in net profit at Rs 4,837 crore in the December quarter. The Mumbai-based bank had earned a net profit of Rs 4,579 crore in the same quarter a year ago. Total income increased to Rs 34,676 crore from Rs 31,416 crore in the same period a year ago, BoB said in a regulatory filing. Interest income also rose to Rs 30,908 crore during the quarter under review compared to Rs 28,605 crore in the year-ago period. Operating profit grew to Rs 7,664 crore from Rs 7,015 crore in the third quarter of previous fiscal. On the asset quality front, the bank's gross non-performing assets ratio moderated to 2.43 per cent against 3.08 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.59 per cent from 0.7 per cent at the end of the third quarter last fiscal. However, the overall provisions, excluding tax, increased to Rs 1,082 crore during the quarter from Rs 666 crore a year ago. Capital Adequacy Rat
Bank of Baroda Q3 results: Bank of Baroda is scheduled to report its Q3FY25 results on Thursday, January 30
IRFC raises Rs 2,780 crore at 7.25% for 10-year bonds
The Nifty PSU Bank index has plunged over 20% in the last six months and now seen testing long-term support on the monthly chart. Will PSU Banks rebound or extend fall? Key levels to watch out for.
Meanwhile, Yes Bank reported a marginal contraction in deposits during the October-December period (Q3FY25) over the previous quarter
Bank stocks today: Jefferies has retained its 'Buy' ratings on Axis Bank, ICICI Bank, HDFC Bank, and SBI, It has upgraded Kotak Bank and downgraded Bank of Baroda
The EMIs you pay on the loan will vary significantly depending on the interest rate
Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.
Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent
Stocks to Watch, Dec 4: From Adani Group to Swiggy, here is a list of stocks that will be in spotlight today
From Adani Group of stock to Vedanta, here is a list of shares that will remain in focus today