News

Stock of the day : Buy Bank of Baroda Ltd For Target Rs. 208 - Religare Broking Ltd Bank of Baroda Ltd * Bank of Baroda has rebounded strongly from the upsloping trendline support, which it has been holding firmly for last one year. * It has registered a fresh breakout from a base and falling trendline, holding above its key moving averages. * Price action coupled with supportive volumes suggests bullish tone continue. * We thus recommend creating fresh longs in the mentioned zone. Buy Bank of Baroda Ltd CMP 195.90; Range 194-196; SL 188; Target ...
Stock of the day : Buy Bank of Baroda Ltd For Target Rs. 208 - Religare Broking Ltd
Stock of the day : Buy Bank of Baroda Ltd For Target Rs. 208 - Religare Broking Ltd
Source: Religare Broking
5/09/2023 10:45:01 AM
Fashion retailers in India suffer sales pain as tomato, onion prices surge Across India's malls and high streets, the mood at fashion shops is sombre - foot traffic is down, sales are low and many brands are embarking on steeper-than-usual discounts for longer-than-usual periods of time. The culprit? Sky-high food inflation after erratic monsoon rains damaged crops and disrupted supply chains. Prices for tomatoes have rocketed, at one point close to five times since June, while those for onions, another staple in Indian cooking, have risen 80% in some area...
Fashion retailers in India suffer sales pain as tomato, onion prices surge
Fashion retailers in India suffer sales pain as tomato, onion prices surge
Source: Reuters
28/08/2023 12:21:15 PM
Sunny Deol: India`s Marvel hero; Hollywood to note Just out of the success of his 'Gadar 2', Sunny Deol is grabbing headlines all round. The beeline at his office has started again after almost two decades to sign him up. After all, heroes like Salman Khan, Shah Rukh Khan, Akshay Kumar, Ajay Devgn and Aamir Khan are all knocking on the sixties and have been ruling the roost in the Hindi film industry. Unfortunately, lately their careers have remained fickle. Consistency is lacking in the box-office outcome of their films. Just w...
Sunny Deol: India`s Marvel hero; Hollywood to note
Sunny Deol: India`s Marvel hero; Hollywood to note
Source: IANS
27/08/2023 12:38:15 PM
Festivities begin with offers from Bank of Baroda Credit Cards - save big while shopping, traveling, dining & more! Festivals have forever held a cherished spot within the hearts of Indians, symbolizing moments of unity, prosperity, and sheer elation. These lively festivities are intricately woven into India's cultural fabric, portraying the nation's remarkable blend of diversity and solidarity. In perfect resonance with this festive enthusiasm, BoB Credit Card is all set to engulf India in the very essence of celebration, presenting an exhilarating array of offers spanning its complete r...
Festivities begin with offers from Bank of Baroda Credit Cards - save big while shopping, traveling, dining & more!
Festivities begin with offers from Bank of Baroda Credit Cards - save big while shopping, traveling, dining & more!
Source: PR Agency
24/08/2023 5:06:59 PM
Small Cap : Buy Bank of Baroda Ltd For Target Rs. 217 - Geojit Financial Services Healthy asset quality, positive outlook Bank of Baroda (BoB) is a public-sector banking and financial services company in India. It has 8,205 branches in India and 93 offices in 17 foreign countries. • Net interest income (NII) increased 24.4% YoY to Rs. 10,997cr in Q1FY24, led by strong growth in yield on advances, moderated by an increase in the cost of deposits. • GNPA/NNPA ratios improved to 3.5%/0.8% (vs 3.8%/0.9% in Q4FY23). • Strong growth in advances and dep...
Small Cap : Buy Bank of Baroda Ltd For Target Rs. 217 - Geojit Financial Services
Small Cap : Buy Bank of Baroda Ltd For Target Rs. 217 - Geojit Financial Services
Source: Geojit Financial Services
19/08/2023 11:31:21 AM
Buy Bank of Baroda Ltd For Target Rs. 250/265 - LKP Securities Ltd Future Outlook • We pick BOB to play the PSU banking theme due to its strong growth in both Advances & Deposits on the back of a healthy liquidity position and attractive valuations. • Lower slippages and improving asset quality with higher provision coverage gives us confidence on the banks ability to leverage it’s strong customer franchise and reach. • Granular liability profile coupled with competitive cost of funds should in our view help the bank going f...
Buy Bank of Baroda Ltd For Target Rs. 250/265 - LKP Securities Ltd
Buy Bank of Baroda Ltd For Target Rs. 250/265 - LKP Securities Ltd
Source: LKP Securities Ltd
15/08/2023 3:59:58 PM
Buy Bank of Baroda Ltd For Target Rs. 239 - LKP Securities Ltd Result and Price Analysis In 1QFY24, Bank of Baroda (BOB) has delivered an expected result on operating and asset quality front. The fresh slippages were slightly higher at ?24.5bn v/s ?22.4bn in 4QFY23. Furthermore, the reduction (up-gradation & recovery) stood ?47bn v/s ?78bn in the previous quarter. It reported GNPA (3.51% v/s 4.79% in 4QFY23) and NNPA (0.78% v/s 0.89% in 4QFY23) declined substantially along with higher PCR (incl. TWO) of 93%. The bank has witnessed robust growth in ne...
Buy Bank of Baroda Ltd For Target Rs. 239 - LKP Securities Ltd
Buy Bank of Baroda Ltd For Target Rs. 239 - LKP Securities Ltd
Source: LKP Securities Ltd
12/08/2023 3:09:25 PM
Instant view: India's central bank holds key rate steady as expected The Reserve Bank of India's key lending rate was held steady for a third straight policy meeting on Thursday, as widely expected, as inflation concerns resurfaced following higher-than-usual seasonal spikes in food prices in recent weeks. The monetary policy committee (MPC), which has three members from the central bank and three external members, kept the repo rate unchanged at 6.50% in an unanimous decision. It was the third consecutive time that the committee decided to maintain rat...
Instant view: India's central bank holds key rate steady as expected
Instant view: India's central bank holds key rate steady as expected
Source: Reuters
10/08/2023 11:13:57 AM
Buy Bank of Baroda Ltd For Target Rs.240- Motilal Oswal Financial Services Asset quality improves further * Bank of Baroda (BOB) reported a mixed quarter as PAT jumped 88% YoY (in line) aided by higher other income while NIMs declined 26bp QoQ. * Business growth was modest with loans growing 21% YoY (2% QoQ) while deposits rose 16% YoY (flat QoQ) . * Asset quality improved as slippages remained in control, which resulted in GNPA/NNPA ratio improving to 3.51%/0.78%. SMA 1/2 stands controlled at 29bp of loans, while restructured book moderated to 1.3% of loan...
Buy Bank of Baroda Ltd For Target Rs.240- Motilal Oswal Financial Services
Buy Bank of Baroda Ltd For Target Rs.240- Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
7/08/2023 2:15:06 PM
Bank of Baroda gains on reporting over 2-fold jump in Q1 consolidated net profit Bank Of Baroda is currently trading at Rs. 192.55, up by 1.10 points or 0.57% from its previous closing of Rs. 191.45 on the BSE. The scrip opened at Rs. 191.00 and has touched a high and low of Rs. 192.80 and Rs. 187.65 respectively. So far 1121713 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.80 on 10-Jul-2023 and a 52 week low of Rs. 116.30 on 23-Aug-2022. Last one week high and low of the scrip stood a...
Bank of Baroda gains on reporting over 2-fold jump in Q1 consolidated net profit
Bank of Baroda gains on reporting over 2-fold jump in Q1 consolidated net profit
Source: Accord Fintech
7/08/2023 10:29:12 AM
Reserve Bank of India won`t revise repo rate, decision to be unanimous: Economists Despite food inflation and existance of continued geo-political and climate risks, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the interest rate from the current 6.5 per cent, economists have saif. They also said the benchmark repo rate will remain constant till the last quarter of FY24. Predicting that RBI will not change the repo rate, Bank of Baroda’s Chief Economist Madan Sabnavis told IANS: “The decision will be unanimous. Inf...
Reserve Bank of India won`t revise repo rate, decision to be unanimous: Economists
Reserve Bank of India won`t revise repo rate, decision to be unanimous: Economists
Source: IANS
31/07/2023 3:55:46 PM
Momentum of FPI buying slows down It appears that the momentum of buying has slowed down and FPIs have turned sellers during the last two trading days, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. FPI’s sustained buying continues in July. During the last three months, from May 1 through July 28, FPIs have invested Rs 1,36,351 crore in India. In July through 28, FPIs have invested in equity for Rs 45,365 crore, he said. An important feature of FPI investment is that their buy/sel...
Momentum of FPI buying slows down
Momentum of FPI buying slows down
Source: IANS
29/07/2023 3:23:51 PM
Bank of Baroda gains on introducing fixed rate of interest option on car loans Bank Of Baroda is currently trading at Rs. 198.85, up by 1.15 points or 0.58% from its previous closing of Rs. 197.70 on the BSE. The scrip opened at Rs. 197.65 and has touched a high and low of Rs. 202.80 and Rs. 197.45 respectively. So far 681129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 210.80 on 10-Jul-2023 and a 52 week low of Rs. 113.35 on 01-Aug-2022. Last one week high and low of the scrip stood at...
Bank of Baroda gains on introducing fixed rate of interest option on car loans
Bank of Baroda gains on introducing fixed rate of interest option on car loans
Source: Accord Fintech
27/07/2023 3:26:48 PM
Stock Picks : Bank of Baroda Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @194.8-195.4; Target 198.20; Stop Loss 193.70   Oil and Natural Gas Corporation Ltd Buy Oil and Natural Gas Corporation Ltd @168.6-169; Target 171.40; Stop Loss 167.60       To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ00...
Stock Picks : Bank of Baroda Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd and Oil and Natural Gas Corporation Ltd By ICICI Direct
Source: ICICI Direct
24/07/2023 10:07:24 AM
Stock Picks : Bank of Baroda Ltd and Indraprastha Gas Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @197.5-198.5; Target 201.9; Stop Loss196.40   Indraprastha Gas Ltd Buy Indraprastha Gas Ltd @496-497; Target 503.80; Stop Loss 493.10     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.tradebulls.in/disclaimer SEBI Registration number is INZ000171838    Views express by all participants are fo...
Stock Picks : Bank of Baroda Ltd and Indraprastha Gas Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd and Indraprastha Gas Ltd By ICICI Direct
Source: ICICI Direct
20/07/2023 10:31:03 AM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers About three-fourths of Indians are choosing to deposit the recently withdrawn 2000-rupee notes into bank accounts so far rather than exchanging them for smaller denominations, with the trend likely to boost bank deposits, bankers said. In May, the Reserve Bank of India (RBI) said it would withdraw these high-value notes from circulation and permitted their exchange or deposit until Sept. 30. Exchange is only permitted up to 20,000 rupees per turn, while there is no limit on depositing t...
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
About 80% of Indians choose to deposit withdrawn 2000-rupee notes, boost bank deposits - bankers
Source: Reuters
7/06/2023 11:36:41 AM
RBI not to remove its finger from repo rate pause button: Experts The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may not remove its finger from the repo rate pause button it had hit in April 2023, said experts there by ruling out the possibility of a rate reduction. "It is unlikely that the RBI will precede the Fed (US Federal Reserve) in reversing its course of rate hikes. However, MPC may soften its tone, on net amid (1) improving domestic inflation outlook (and a possible downward revision in its forecast), (2) improving ex...
RBI not to remove its finger from repo rate pause button: Experts
RBI not to remove its finger from repo rate pause button: Experts
Source: IANS
6/06/2023 4:20:49 PM
Bank of Baroda inches up on launching Interoperable Cardless Cash Withdrawal facility Bank Of Baroda is currently trading at Rs. 185.70, up by 0.05 points or 0.03% from its previous closing of Rs. 185.65 on the BSE. The scrip opened at Rs. 185.75 and has touched a high and low of Rs. 186.10 and Rs. 184.35 respectively. So far 219546 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank of Baroda inches up on launching Interoperable Cardless Cash Withdrawal facility
Bank of Baroda inches up on launching Interoperable Cardless Cash Withdrawal facility
Source: Accord Fintech
6/06/2023 12:31:33 PM
RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) may lower the inflation forecast marginally and will not change the repo rate at the upcoming meeting owing to inflation being down and increased liquidity, said a top economist in Bank of Baroda. "The MPC will not change the repo rate. The inflation is less than five per cent and will be in the coming months," Chief Economist Madan Sabnavis, Bank of Baroda told IANS. The consumer price index (CPI) inflation...
RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist
RBI-MPC may lower inflation forecast marginally: Bank of Baroda Chief Economist
Source: IANS
3/06/2023 2:22:09 PM
Bank of Baroda moves up on getting nod to raise additional capital up to Rs 5,000 crore Bank of Baroda is currently trading at Rs. 186.75, up by 1.85 points or 1.00% from its previous closing of Rs. 184.90 on the BSE. The scrip opened at Rs. 185.20 and has touched a high and low of Rs. 187.05 and Rs. 185.10 respectively. So far 564146 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank of Baroda moves up on getting nod to raise additional capital up to Rs 5,000 crore
Bank of Baroda moves up on getting nod to raise additional capital up to Rs 5,000 crore
Source: Accord Fintech
2/06/2023 2:36:47 PM
Tech Mahindra rises on partnering with Bank of Baroda to deploy digital solutions Tech Mahindra is currently trading at Rs. 1126.65, up by 8.90 points or 0.80% from its previous closing of Rs. 1117.75 on the BSE. The scrip opened at Rs. 1120.00 and has touched a high and low of Rs. 1136.65 and Rs. 1118.80 respectively. So far 47650 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1196.65 on 01-Jun-2022 and a 52 week low of Rs. 944.10 on 17-Jun-2022. Last one week high and low of the scrip stoo...
Tech Mahindra rises on partnering with Bank of Baroda to deploy digital solutions
Tech Mahindra rises on partnering with Bank of Baroda to deploy digital solutions
Source: Accord Fintech
1/06/2023 12:05:12 PM
Bank of Baroda inches up on eyeing 12-15% credit growth during current financial year Bank of Baroda is currently trading at Rs. 183.80, up by 0.15 points or 0.08% from its previous closing of Rs. 183.65 on the BSE. The scrip opened at Rs. 183.40 and has touched a high and low of Rs. 184.50 and Rs. 182.70 respectively. So far 148570 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank of Baroda inches up on eyeing 12-15% credit growth during current financial year
Bank of Baroda inches up on eyeing 12-15% credit growth during current financial year
Source: Accord Fintech
30/05/2023 11:47:54 AM
Buy Bank Of Baroda For Target Rs. 260 - Yes Securities Result Highlights * Asset quality: Gross NPA additions were at Rs 27.44bn (annualized NPA addition ratio of 1.2%) and recoveries and upgrades were healthy at Rs 28.02bn * Margin picture: Global NIM at 3.53% grew 16bps/45bps QoQ/YoY, sequentially higher as the yield on advances moved faster than the cost of deposits * Asset growth: Whole bank advances grew 4.9%/18.5% QoQ/YoY driven sequentially by International loans, Retail and MSME * Opex control: Total opex rose 12.7%/25.8% QoQ/YoY, e...
Buy Bank Of Baroda For Target Rs. 260 - Yes Securities
Buy Bank Of Baroda For Target Rs. 260 - Yes Securities
Source: Yes Securities
27/05/2023 12:56:13 PM
Bank of Baroda gains on planning to raise funds Bank of Baroda is currently trading at Rs. 183.85, up by 2.05 points or 1.13% from its previous closing of Rs. 181.80 on the BSE. The scrip opened at Rs. 180.30 and has touched a high and low of Rs. 184.70 and Rs. 180.30 respectively. So far 548879 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank of Baroda gains on planning to raise funds
Bank of Baroda gains on planning to raise funds
Source: Accord Fintech
26/05/2023 3:59:13 PM
Buy Bank Of Baroda For Target Rs. 235- LKP Securities Ltd - JM Financial Institutional Securities Ltd BOB delivered a strong quarter with PAT at INR 48bn (+169% YoY, +24% QoQ) led by strong NII growth (+34% YoY, +7% QoQ) and lower credit cost. NIM expanded to 3.53% (+16bps) given continued asset repricing (MCLR led loans & strong growth in unsecured portfolio) despite inch up in cost of deposits (+42bp QoQ). Mgmt. remains confident of protecting NIMs above FY23 levels of 3.3%, we build largely stable NIMs in FY24. Asset quality continued to improve with GNPA/NNPA declining by -74bps/-10bp...
Buy Bank Of Baroda For Target Rs. 235- LKP Securities Ltd - JM Financial Institutional Securities Ltd
Buy Bank Of Baroda For Target Rs. 235- LKP Securities Ltd - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
24/05/2023 1:39:07 PM
Google Pay launches RuPay credit cards support on UPI in India Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday rolled out support for RuPay credit cards on Unified Payments Interface (UPI). The users can now link their RuPay credit cards with Google Pay to pay at all online and offline merchants where RuPay credit cards are accepted. The feature is now available to RuPay credit card holders of Axis Bank, Bank of Baroda, Canara Bank, HDFC bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank and Uni...
Google Pay launches RuPay credit cards support on UPI in India
Google Pay launches RuPay credit cards support on UPI in India
Source: IANS
23/05/2023 12:35:03 PM
Buy Bank Of Baroda For Target Rs. 239 - LKP Securities Ltd Result and Price Analysis In 4QFY23, Bank of Baroda (BOB) has delivered an expected result on operating and assets quality front. The fresh slippages were slightly higher at ?22.4bn v/s ?21.7bn in 3QFY23. Furthermore, the reduction (up-gradation & recovery) stood ?78.4bn v/s ?74bn in the previous quarter. It reported GNPA (3.79% v/s 4.53% in 3QFY23) and NNPA (0.89% v/s 0.99% in 30QFY23) declined substantially along with higher PCR (incl. TWO) of 92%. The bank has witnessed robust growt...
Buy Bank Of Baroda For Target Rs. 239 - LKP Securities Ltd
Buy Bank Of Baroda For Target Rs. 239 - LKP Securities Ltd
Source: LKP Securities Ltd
23/05/2023 11:42:06 AM
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt. Reliance Power has offered to pay Rs 1,200 crore in upfront cash to the lenders of VIPL which include Axis Bank, SBI, Bank of Baroda, PNB, Canara Bank, and Bank of Maharashtra. The outstanding loan of the company as on March 31, 2022, is around Rs 2,200 crore. Reliance Power's OTS offer is backed by Varde Partners of ...
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Reliance Power offers Rs 1,200 crore to settle debt of VIPL power project
Source: IANS
23/05/2023 9:21:27 AM
Bank Of Baroda gains on reporting over 2-fold jump in Q4 consolidated net profit Bank Of Baroda is currently trading at Rs. 187.35, up by 1.00 points or 0.54% from its previous closing of Rs. 186.35 on the BSE. The scrip opened at Rs. 189.65 and has touched a high and low of Rs. 190.05 and Rs. 187.20 respectively. So far 402779 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank Of Baroda gains on reporting over 2-fold jump in Q4 consolidated net profit
Bank Of Baroda gains on reporting over 2-fold jump in Q4 consolidated net profit
Source: Accord Fintech
17/05/2023 10:20:56 AM
Bank of Baroda logs Rs 14,109 crore net for FY23, dividend Rs 5.50 per share Indian government-owned Bank of Baroda on Tuesday said it closed FY23 with a net profit of Rs 14,109.62 crore. In a regulatory filing the bank said for FY23, it had logged a net profit of Rs 14,109.62 crore (FY23 Rs 7,272.28 crore) on a total income of Rs 99,614.38 crore (Rs 81,364.73 crore). For the period under review, the bank had provided Rs 7,136.90 crore under the head Provisions and Contingencies, down from Rs 13,002.41 crore. Bank of Baroda had a gross non-performing assets (...
Bank of Baroda logs Rs 14,109 crore net for FY23, dividend Rs 5.50 per share
Bank of Baroda logs Rs 14,109 crore net for FY23, dividend Rs 5.50 per share
Source: IANS
16/05/2023 5:32:59 PM
Bank of Baroda gains on launching electronic bank guarantee on BarodaINSTA platform Bank Of Baroda is currently trading at Rs. 178.85, up by 0.35 points or 0.20% from its previous closing of Rs. 178.50 on the BSE. The scrip opened at Rs. 178.50 and has touched a high and low of Rs. 180.55 and Rs. 177.70 respectively. So far 716419 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank of Baroda gains on launching electronic bank guarantee on BarodaINSTA platform
Bank of Baroda gains on launching electronic bank guarantee on BarodaINSTA platform
Source: Accord Fintech
12/05/2023 3:50:48 PM
Indian Oil to recoup most dues from Go First through bank guarantees NEW DELHI - Indian Oil Corp will recoup $61.14 million of jet fuel sales to cash-strapped Go First by cashing in bank guarantees and is optimistic it will recover a further $6.11 million for unsecured sales made in the past few months, sources said. IOC, the country's largest fuel retailer, was the sole supplier of jet fuel to low-cost carrier Go First, which filed for bankruptcy protection on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about ha...
Indian Oil to recoup most dues from Go First through bank guarantees
Indian Oil to recoup most dues from Go First through bank guarantees
Source: Reuters
3/05/2023 7:55:23 PM
Axis Bank says no exposure to Go Airlines; other lenders to be affected The voluntary bankruptcy petition filed by the Wadia gorups low cost airline Go Airlines (India) Ltd will be impacting its lenders, i.e., banks. However, private lender Axis Bank said on Wednesday in a regulatory filing that it has no funded or non-funded exposure to the financially-troubled Go Airlines. According to reports, banks like Bank of Baroda, IDBI Bank, and Central Bank of India have exposure to the private airline. While the airline had said that its promoters had infused ...
Axis Bank says no exposure to Go Airlines; other lenders to be affected
Axis Bank says no exposure to Go Airlines; other lenders to be affected
Source: IANS
3/05/2023 7:00:36 PM
Go First owner has no plans to exit airline: CEO Go Airlines (India) Ltd owner Wadia Group is completely committed to the airline and had no plans to exit it, the airline's chief executive told Reuters in an interview on Wednesday. His comments came a day after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney (P&W) engines for the grounding of about half its fleet. The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Kaushik Khona said, confi...
Go First owner has no plans to exit airline: CEO
Go First owner has no plans to exit airline: CEO
Source: Reuters
3/05/2023 5:23:21 PM
India`s Go First Airways owes financial creditors $798 million - filing Indian airline Go First, which filed for bankruptcy on Tuesday, owes financial creditors 65.21 billion Indian rupees ($798 million), its bankruptcy filing showed. As of April 30, Go First Air had not defaulted on any of these dues, it said in the filing, which was seen by Reuters. "However, considering the present financial situation of the corporate applicant, defaults to financial creditors would be imminent," the filing said. Lenders were not aware of the airline's p...
India`s Go First Airways owes financial creditors $798 million - filing
India`s Go First Airways owes financial creditors $798 million - filing
Source: Reuters
3/05/2023 10:39:30 AM
IndiGo shares surge after smaller rival Go First files for bankruptcy Shares of India's largest airline IndiGo surged over 8% on Wednesday as smaller rival Go First's bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. Lessors may also be keen to allocate some of the Go First aircraft to IndiGo, within India itself, given similar fleet ...
IndiGo shares surge after smaller rival Go First files for bankruptcy
IndiGo shares surge after smaller rival Go First files for bankruptcy
Source: Reuters
3/05/2023 10:34:42 AM
Baroda BNP Paribas AMC informs about appointment of key Personnel Baroda BNP Paribas Asset Management Company (AMC) has announced addendum to the Statement of Additional Information (SAI) of Baroda BNP Paribas Mutual Fund (MF). Baroda BNP Paribas MF has informed that Sanjeev Dobhal has been appointed as an Associate Director on the Board of AMC with effect from April 24, 2023. The details of his appointment are as follows: Sanjeev Dobhal (age 56 years) has Master's Degree in Science and is a Certified Associate of Indian Institute of Bankers. He is c...
Baroda BNP Paribas AMC informs about appointment of key Personnel
Baroda BNP Paribas AMC informs about appointment of key Personnel
Source: Accord Fintech
2/05/2023 3:17:15 PM
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals Merchant commerce omni-channel platform Pine Labs on Tuesday announced the acceptance of digital rupee on its point of sale (PoS) terminals in partnership with ICICI Bank. To begin with, Pine Labs will accept e-rupee across key retail outlets in Mumbai and Bengaluru via dynamic QR, built within its smart Android PoS terminals. "Central bank digital currency (CBDC) and digital rupee opens up exciting opportunities. Pine Labs is happy to partner with ICICI Bank in launching CBDC as a...
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Pine Labs joins ICICI Bank to accept digital rupee on its PoS terminals
Source: IANS
2/05/2023 12:55:40 PM
Global markets turn cautious again amid concerns of banking crisis Global economy was once again beginning to stare at the possibility of economic slowdown as fears re-emerged over the possibility of economic recession in the US owing to another banking crisis, a research note by Jahnavi Prabhakar, Economist, Bank of Baroda, said. US officials are already in talks of providing a possible FDIC receivership to First Republic. A lot is at stake for Fed now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit...
Global markets turn cautious again amid concerns of banking crisis
Global markets turn cautious again amid concerns of banking crisis
Source: IANS
30/04/2023 4:37:53 PM
Stock Picks : Larsen& Toubro Ltd and Bank of Baroda Ltd By ICICI Direct Larsen& Toubro Ltd Buy Larsen& Toubro Ltd CMP 2224.00: Initiation Range2226-2230: Target 2253.00: Stop Loss 2253.00   Bank of Baroda  Buy Bank of Baroda  CMP 180.00: Initiation Range 179.70-180.30: Target 182.30: Stop Loss 178.40     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registr...
Stock Picks : Larsen& Toubro Ltd and Bank of Baroda Ltd By ICICI Direct
Stock Picks : Larsen& Toubro Ltd and Bank of Baroda Ltd By ICICI Direct
Source: ICICI Direct
25/04/2023 12:08:34 PM
India overnight rates stay above repo as banks borrow before VRRR maturity India's overnight market rates continue to trend above the Reserve Bank of India's (RBI) repo rate as banks borrow funds to meet reserve needs and fund tax outflows when the bulk of the liquidity surplus remains locked with the central bank, traders and analysts said. "Though liquidity is in surplus, it is mainly the case of a few banks that are short of funds and are borrowing at higher rates from the call market, which is collateral-free money," said Madan Sabnavis, chi...
India overnight rates stay above repo as banks borrow before VRRR maturity
India overnight rates stay above repo as banks borrow before VRRR maturity
Source: Reuters
20/04/2023 3:45:44 PM
US dollar may not go down further, rupee to gain in short term: Emkay Global The US dollar may not go down much against other currencies in the near future as the potential for further rate hikes are there and flight to safety during uncertainties, Emkay Global Financial Services said in a report. The Indian rupee may gain some ground due to year end repatriations and once the supply dwindles the currency may become weaker again, it said. According to the report, the US dollar has conceded some ground to the other major currencies compared to the levels that wer...
US dollar may not go down further, rupee to gain in short term: Emkay Global
US dollar may not go down further, rupee to gain in short term: Emkay Global
Source: IANS
19/04/2023 3:14:48 PM
Indian rupee to gain against US dollar: Bank of Baroda The Indian rupee is expected to gain against the US dollar in the next fortnight, said Bank of Baroda in a research report. According to the Bank of Baroda report authored by Economist Aditi Gupta, the Indian rupee is most likely to make further gains against the US dollar in the next fortnight with a range of Rs 81.5/$ - 82.5/$. In April this year, the Indian rupee gained 0.4 per cent building on a gain of 0.6 per cent it made in March 2023. While oil prices increased, weaker dollar, f...
Indian rupee to gain against US dollar: Bank of Baroda
Indian rupee to gain against US dollar: Bank of Baroda
Source: IANS
18/04/2023 2:50:18 PM
Stock Picks : Bank of Baroda and Indian Hotel By ICICI Direct Bank of Baroda (BANBAR) Buy Bank of Baroda CMP 176.35; Initiation Range 175.50-176.30; Target 178.90 ; Stop Loss 173.90   Indian Hotel (INDHOT)  Buy Indian Hotel CMP 332.35; Initiation Range 331-332; Target 336.50; Stop Loss 328.50     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration ...
Stock Picks : Bank of Baroda and Indian Hotel By ICICI Direct
Stock Picks : Bank of Baroda and Indian Hotel By ICICI Direct
Source: ICICI Direct
18/04/2023 11:37:42 AM
Stock of the day: BANK OF BARODA For Target Rs. 192 - Religare Broking * BANKBARODA has witnessed a breakout from a declining trend line. * It is set to surpass the hurdle of previous swing high as well. * Recent buoyancy in the banking pack combined with the chart pattern adding to confirmation. * We thus suggest initiating fresh longs as per the given levels.   BUY BANK OF BARODA CMP:176.35; Range:173-176; SL: 168; Target:192   To Read Complete Report & Disclaimer Click Here   Plea...
Stock of the day: BANK OF BARODA For Target Rs. 192 - Religare Broking
Stock of the day: BANK OF BARODA For Target Rs. 192 - Religare Broking
Source: Religare Broking Ltd
18/04/2023 11:37:02 AM
Bank of Baroda surges as its total deposits rise 15% in Q4FY23 Bank of Baroda is currently trading at Rs. 171.50, up by 5.30 points or 3.19% from its previous closing of Rs. 166.20 on the BSE. The scrip opened at Rs. 173.00 and has touched a high and low of Rs. 173.70 and Rs. 170.75 respectively. So far 607353 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 197.20 on 09-Dec-2022 and a 52 week low of Rs. 89.90 on 20-Jun-2022. Last one week high and low of the scrip stood at ...
Bank of Baroda surges as its total deposits rise 15% in Q4FY23
Bank of Baroda surges as its total deposits rise 15% in Q4FY23
Source: Accord Fintech
11/04/2023 10:34:54 AM
After delivering 25 bps hike in repo rate, RBI to change its stance The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is expected to change its stance after taking a guard against inflation by delivering a 25 basis points (bps) hike in the repo rate on April 6, said economists. "There will be a 25 bps increase (in repo rate) and change in stance -- to neutral. The decision won't be unanimous as last time. There will be a pause after the hike," Madan Sabnavis, Chief Economist, Bank of Baroda told IANS. The MPC is likely ...
After delivering 25 bps hike in repo rate, RBI to change its stance
After delivering 25 bps hike in repo rate, RBI to change its stance
Source: IANS
4/04/2023 3:25:12 PM