Page 6 - Bank Of Baroda

Trading tips: What should you do with Bank of Baroda stock after Q1 result?

Bank of Baroda share price: On July 31, Bank of Baroda reported a standalone net profit of Rs 4,458 crore for Q1FY25, rising 9.5 per cent over the previous year profit

Bank of Baroda Q1 results: Net profit rises 9.5% at Rs 4,458 crore

Sequentially, the profit declined from Rs 4,886 crore in Q4FY24. Bank's stocks closed 0.94 per cent lower at Rs 253.85 on Wednesday

Bank of Baroda Q1 result: PAT up 10% at Rs 4,458 cr on decline in bad loans

Bank of Baroda (BoB) on Wednesday reported a 10 per cent increase in standalone net profit to Rs 4,458 crore in the June 2024 quarter, helped by a decline in bad loans. The state-owned bank had posted a net profit of Rs 4,070 crore in the year-ago period. Total income in the quarter rose to Rs 32,116 crore from Rs 29,878 crore, BoB said in a regulatory filing. The lender's interest income also increased to Rs 29,629 crore against Rs 26,556 crore in the same quarter a year ago. Gross Non Performing Assets (NPAs) declined to 2.88 per cent of gross advances by June 2024 from 3.51 per cent in FY24. Net NPAs too declined to 0.69 per cent compared to 0.78 per cent at the end of the first quarter of the previous year. As a result, provisions and contingencies came down to Rs 1,011 crore in the April-June period of FY25 against Rs 1,947 crore in the year-ago period. The capital adequacy ratio of the bank improved to 16.82 per cent at the end of June 2024 compared to 15.84 per cent in th

11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance

For the recovery of this charge from account holders, public sector banks have formulated slab structures based on different geographies and segments

Q1 preview: What to expect from Bank of Baroda results on July 31? Details

Bank of Baroda Q1 results 2025: Bank of Baroda's Q1 FY25 net profit may fall up to 16 per cent Q-o-Q

Tata Chemicals, BoB: Top picks by Jatin Gedia of ShareKhan for July 30

The Tata Chemicals stock has found support at the zone of Rs 1,030 - 1,040 which coincides with the 61.82 per cent fibonacci retracement level of the previous rise.

Nifty PSU Bank index surges 3%; PNB soars 7% on strong Q1 results

PSU Banks in focus post Q1 earnings: PNB, BoI, BoB, Uco Bank and IOB rallied over 3% each. SBI, Canara Bank, Union Bank of India, Indian Bank and Central Bank were up 2-3%.

BOB hikes FD rates, introduces Monsoon Dhamaka with up to 7.90% interest

The BoB Monsoon Dhamaka Deposit Scheme can be opened online or through any of the bank's branches

Go First heads towards liquidation after failed EaseMyTrip, SpiceJet bids

Go First owes creditors - Central Bank of India, Bank of Baroda, and IDBI Bank - around Rs 6,200 crore

Bank of Baroda, BoM launch deposit schemes to fund credit demand

SBI to follow suit with 444-day plan at 7.25%

Bank of Baroda shares fall 4% on weak loan, deposit growth in Q1FY25

Bank of Baroda shares fall: The fall in the share price of the PSB came after the lender reported a weak loan growth in the April-June quarter (Q1) of FY25 on a sequential basis

Stocks to watch on July 8: NLC India, IndusInd Bank, BoB, JM Fin, Marico

Stocks to watch on July 8: Induslnd Bank's Q1FY25 estimates highlighted significant YoY growth. Net advances increased by 16 per cent Y-o-Y to Rs 3.48 trillion, while deposits grew by 15 per cent

Bank of Baroda, PNB log slower deposit growth than industry trend in Q1

The outstanding deposits of Delhi-based PNB stood at Rs 14.08 trillion at the end of June 2024

Bank of Baroda may raise up to Rs 7,500 crore via AT1, Tier-II bonds

According to the bank's annual report for FY24, it had raised additional Tier 1 capital of Rs 2,474 crore in FY23. The bank issued Tier 2 capital of Rs 5,000 crore

Stocks to Watch, July 1: Airtel, Voda Idea, Bank of Baroda, Godrej Prop

Stocks to Watch on July 1: After Reliance Jio, telecom majors Bharti Airtel, and Vodafone Idea have announced new tariff plans

Bank of Baroda aims to double tech team headcount to 3,000 by end of FY26

State-owned Bank of Baroda is aiming to double its in-house technology team headcount to 3,000 in the next two years, a top official has said. The new additions to the current team strength of 1,500 employees will be done both through the regular hiring processes and lateral hires of specialist talent, Debadatta Chand, its managing director and chief executive officer told PTI recently. "In the next two years, we will double the number of people in our IT team," Chand said after the announcement of its March quarter earnings. Recently, the Reserve Bank of India has taken stringent action on banks for shortfalls in technology architecture which impacted the ability to execute transactions. Apart from the 1,500 in-house workers, there are also contractual employees engaged by the bank in the IT function, Chand said. The bank is wanting to hire contemporary talent as part of the efforts to significantly up its strength of IT professionals, he said. The lateral talent will be across

Bank of Baroda, Yes Bank, GE Power among top stocks to track on June 21

As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close

Abki baar Sensex 80,000 paar? Here's what analysts said on market outlook

On the technical front, too, analysts remain bullish on the markets and suggest the Sensex is set to reach higher levels in the months ahead.

Nifty PSU Bank index zooms 9%; SBI, Central Bank, BOB rally up to 12%

India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system.

Finance Ministry asks PSBs to review their IT disaster preparedness

Initially, the government directed major banks such as SBI, BOB and Canara Bank to assess their disaster recovery systems