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Buy Bank of Baroda Ltd For Target Rs.325 By Emkay Global Financial Services Better growth and asset quality performance Bank of Baroda (BoB) reported strong PAT beat at Rs52bn/RoA of 1.3%, mainly due to higher other income (led by treasury gains and recovery in TWO accounts), and partly offset by higher provisions (including contingent provisions). After realigning the book in Q1, BoB reported healthy broad-based credit growth at 12% YoY/7% QoQ. However, NIM shrunk by 8bps QoQ to 3.1% due to lower yields. Headline GNPAs declined by 38bps QoQ to 2.5% in absence of ...
Buy Bank of Baroda Ltd For Target Rs.325 By Emkay Global Financial Services
Buy Bank of Baroda Ltd For Target Rs.325 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-13 01:45:51 pm
India inflation to rise further to 5.81% on rising food costs Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupted prod...
India inflation to rise further to 5.81% on rising food costs
India inflation to rise further to 5.81% on rising food costs
Source: Reuters
2024-11-11 05:28:44 pm
India inflation to rise further to 5.81% on rising food costs Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupted prod...
India inflation to rise further to 5.81% on rising food costs
India inflation to rise further to 5.81% on rising food costs
Source: Reuters
2024-11-11 09:08:02 am
Buy Bank of Baroda Ltd For Target Rs.290 By Motilal Oswal Financial Services Ltd Strong recoveries drive earnings beat; loan growth steady RoA guidance maintained at 1.1% * Bank of Baroda (BOB) reported 2QFY25 PAT of INR52.4b (14% beat), up 23% YoY/17.5% QoQ, driven by strong recoveries from TWO pool. NIM contracted 8bp QoQ to 3.10% due to the 5bp impact of penal charges in 2Q. * Provisions came in higher amid the creation of prudent NPA provisions. Business growth was healthy, led by faster growth in loans at 12.3% YoY/7% QoQ, while deposit growth was ...
Buy Bank of Baroda Ltd For Target Rs.290 By Motilal Oswal Financial Services Ltd
Buy Bank of Baroda Ltd For Target Rs.290 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-10 10:11:54 am
Buy Bank of Baroda Ltd For Target Rs.330 By Yes Securities Ltd Increased provisions in the backdrop of low slippages not concerning Our view – BOB seems to utilise recovery windfall to make excess prudential provisions Asset quality – Slippages well under control but BOB made material excess provisions during the quarter: Gross NPA additions amounted to Rs 31.1bn for 2QFY25, translating to an annualized slippage ratio of 1.1%. Gross NPA additions had amounted to 30.18bn in 1QFY25. Provisions were Rs 23.36bn, up by 131.1% QoQ and 8.1% Yo...
Buy Bank of Baroda Ltd For Target Rs.330 By Yes Securities Ltd
Buy Bank of Baroda Ltd For Target Rs.330 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-10 09:52:48 am
Stock Picks : Bank of Baroda Ltd And Apollo Tyre Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @ 248.50-249.50 Target 252.00 Stop Loss 247.40   Apollo Tyre Ltd Buy Apollo Tyre Ltd @ 514-515 Target 509.80 Stop Loss 517.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd And Apollo Tyre Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd And Apollo Tyre Ltd By ICICI Direct
Source: ICICI Direct
2024-10-07 10:41:44 am
Bank credit grows by 15 pc in August in India, agriculture and industry pick up  Bank credit grew by 15 per cent in August in India, maintaining steady levels compared to the same month last year (14.9 per cent) as agriculture and industry picked up, a report showed on Saturday.  The non-food credit demand has also grown by 15 per cent in August with broadly similar growth last year, according to the report by Bank of Baroda (BoB). According to Jahnavi Prabhakar, economist, Bank of Baroda, the credit to agriculture sector rose at a steady pace of 17.7 per...
Bank credit grows by 15 pc in August in India, agriculture and industry pick up
Bank credit grows by 15 pc in August in India, agriculture and industry pick up
Source: IANS
2024-10-06 08:42:41 am
Bank of Baroda jumps as its global deposits rise 9% in Q2FY25 Bank of Baroda is currently trading at Rs. 251.95, up by 6.90 points or 2.82% from its previous closing of Rs. 245.05 on the BSE. The scrip opened at Rs. 247.05 and has touched a high and low of Rs. 255.65 and Rs. 244.30 respectively. So far 1124130 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.45 on 03-Jun-2024 and a 52 week low of Rs. 187.95 on 26-Oct-2023. Last one week high and low of the scrip stood a...
Bank of Baroda jumps as its global deposits rise 9% in Q2FY25
Bank of Baroda jumps as its global deposits rise 9% in Q2FY25
Source: Accord Fintech
2024-10-04 03:49:57 pm
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets * Offers exclusive discounts on bookings done between September 26 and October 5 * Provides free cancellation on flight, train and bus tickets in case of last minute change in plans * Brings exciting offers in partnership with leading banks like ICICI Bank, RBL Bank, Bank of Baroda, and AU Small Finance Bank One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Sou...
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Source: PR Agency
2024-09-28 02:08:21 pm
Bank of Baroda climbs on launching Bank of Baroda EaseMyTrip Co-branded Travel Debit Card Bank Of Baroda is currently trading at Rs. 244.70, up by 9.25 points or 3.93% from its previous closing of Rs. 235.45 on the BSE. The scrip opened at Rs. 237.05 and has touched a high and low of Rs. 245.10 and Rs. 236.00 respectively. So far 532389 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.45 on 03-Jun-2024 and a 52 week low of Rs. 187.95 on 26-Oct-2023. Last one week high and low of the scrip stood at...
Bank of Baroda climbs on launching Bank of Baroda EaseMyTrip Co-branded Travel Debit Card
Bank of Baroda climbs on launching Bank of Baroda EaseMyTrip Co-branded Travel Debit Card
Source: Accord Fintech
2024-09-23 02:44:21 pm
Aspirational India fuels auto loan surge as private consumption rises As private consumption rises across the country, there has been a surge in auto loans for car ownership as people from tier 2, 3 cities and beyond opt for longer-tenure financing options to afford latest vehicles.  As per reports, auto companies like Maruti Suzuki, Hyundai, Mahindra and Tata Motors feel finance penetration to rise to up to 84 per cent this year from 75 per cent in the pre-pandemic era. A leading digital marketing agency, Techmagnate, recently revealed significant s...
Aspirational India fuels auto loan surge as private consumption rises
Aspirational India fuels auto loan surge as private consumption rises
Source: IANS
2024-09-22 04:10:32 pm
Stock Picks : Bank of Baroda Ltd And Indus tower Ltd By ICICI Direct Bank of Baroda Ltd   Buy Bank of Baroda Ltd @ 251-253 Target 256.00 Stop Loss 250.40   Indus tower Ltd   Buy Indus tower Ltd @ 427-428 Target 432.00 Stop Loss 425.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd And Indus tower Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd And Indus tower Ltd By ICICI Direct
Source: ICICI Direct
2024-08-21 10:53:45 am
India's July inflation likely dipped below RBI's target, high base effect at play  India's consumer price inflation likely eased in July to below the Reserve Bank of India's 4.0% medium-term target for the first time in nearly five years, thanks to last year's high base, according to a Reuters poll of economists. Rising food costs, especially for vegetables, and hikes in telecom tariffs last month were offset by a higher base from July last year when inflation hit a 15-month peak of 7.44%, suggesting the slower pace of price rises was temporary. The ...
India's July inflation likely dipped below RBI's target, high base effect at play
India's July inflation likely dipped below RBI's target, high base effect at play
Source: Reuters
2024-08-07 03:18:25 pm
Minimum account balance rules not applicable to PM Jan Dhan & saving accounts: FM Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman on Wednesday said that minimum account balance rules do not apply to PM Jan Dhan and basic saving accounts. “Minimum account balance rule does not apply to PM Jan Dhan accounts and basic savings accounts. It applies only to those bank accounts where customers are required to maintain a certain minimum balance in their accounts,” the Finance Minister said in response to a question in Rajya Sabha on the penalty of Rs 8,500 crore collected...
Minimum account balance rules not applicable to PM Jan Dhan & saving accounts: FM Nirmala Sitharaman
Minimum account balance rules not applicable to PM Jan Dhan & saving accounts: FM Nirmala Sitharaman
Source: IANS
2024-08-07 12:26:48 pm
Buy Bank of Baroda Ltd For Target Rs.280 By JM Financial Services Bank of Baroda reported in-line results – PAT, at INR 44.6bn (+9.5% YoY, -8.8% QoQ), was 1.6% below JMFe. Both loans and deposit book contracted QoQ - net advances (+8.8% YoY/-1.7% QoQ) came in at INR 10,479bn and deposits (+8.9% YoY/-1.5% QoQ) at INR 13,070bn. NII grew +5.5% YoY/-1.6% QoQ to INR 116bn, 2% below JMFe, with calculated NIMs contracting 9bps QoQ to 2.9%. Non-interest income disappointed at INR 31.8bn, - 25.1% YoY/-40.7% QoQ – recoveries from previously written-off ac...
Buy Bank of Baroda Ltd For Target Rs.280 By JM Financial Services
Buy Bank of Baroda Ltd For Target Rs.280 By JM Financial Services
Source: JM Financial Services
2024-08-05 05:24:30 pm
Bank of India Q1FY25 reporting an increase in Net Profit by 10% YoY to Rs.1,703 Cr KEY HIGHLIGHTS (Q4FY24) *Global Business increased by 12.34% YoY. * Global Deposits increased by 9.74% YoY. * Global Advances increased by 15.82% YoY. * Advances (Dom.) increased by 17.29% YoY. * RAM Advances grew by 18.78% YoY and it constitutes 56.01% of Advances. * Retail Credit grew by 20.46% YoY. * Agriculture Credit grew by 22.18% YoY. * MSME Credit grew by 13.06% YoY. * CASA deposits increased by 5.51% YoY and CASA ratio at 42.68%. * Net Profit increased b...
Bank of India Q1FY25 reporting an increase in Net Profit by 10% YoY to Rs.1,703 Cr
Bank of India Q1FY25 reporting an increase in Net Profit by 10% YoY to Rs.1,703 Cr
Source: PR Agency
2024-08-03 04:42:23 pm
Bank of Baroda falls despite its consolidated net profit rises 6% to Rs 4727.81 crore Bank Of Baroda is currently trading at Rs. 252.05, down by 1.80 points or 0.71% from its previous closing of Rs. 253.85 on the BSE. The scrip opened at Rs. 258.00 and has touched a high and low of Rs. 258.10 and Rs. 251.20 respectively. So far 1247120 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.45 on 03-Jun-2024 and a 52 week low of Rs. 185.75 on 16-Aug-2023. Last one week high and low of the scrip stood...
Bank of Baroda falls despite its consolidated net profit rises 6% to Rs 4727.81 crore
Bank of Baroda falls despite its consolidated net profit rises 6% to Rs 4727.81 crore
Source: Accord Fintech
2024-08-01 02:35:42 pm
BUY Bank of Baroda Ltd. For Target Rs. 270 - JM Financial Services Minor miss due to one-offs; outlook steady In 4Q24, BOB reported in-line PPOP, however, PAT was below JMFe led by higher provisions and a 28.2% tax rate. Balance sheet performance was strong as advances grew +4.1% QoQ / 13.3% YoY to INR 10.7trln, while deposits grew +6.6% QoQ / +10.2% YoY to INR 13.3trln. NII came in at INR 117.9bn, +6.2% QoQ / +2.3% YoY, with calculated NIMs rising 12bps sequentially to 3.0%. Opex grew +14.2% QoQ / +13.9% YoY to INR 78.8bn, led by higher employee expenses...
BUY Bank of Baroda Ltd. For Target Rs. 270 - JM Financial Services
BUY Bank of Baroda Ltd. For Target Rs. 270 - JM Financial Services
Source: JM Financial Services
2024-06-29 05:27:24 pm
Buy Bank of Baroda Ltd. For Target Rs. 350 - Yes Securities Placed as a top pick in May 2023, BoB guides for stability Our view – Management broadly guides for a repeat of FY24 Asset quality - There was a moderate sequential rise in slippages but broadly within guided range, while management guided for sustained control of slippages in FY25: For the quarter, gross NPA additions amounted to Rs 32.0bn, translating to an annualised gross slippage ratio of 1.2%, while recoveries and upgrades amounted to Rs 20.1bn. Gross NPA additions had amoun...
Buy Bank of Baroda Ltd. For Target Rs. 350 - Yes Securities
Buy Bank of Baroda Ltd. For Target Rs. 350 - Yes Securities
Source: Yes Securities Ltd.
2024-06-26 12:41:23 pm
Buy Bank of Baroda Ltd. For Target Rs.300 - Motilal Oswal Financial Services In-line adjusted earnings; RoA outlook remains healthy Asset quality stable * Bank of Baroda (BOB) reported in-line 4QFY24 PAT of INR48.9b, up 2% YoY, driven by higher other income. NIMs improved 17bp QoQ, partly supported by recoveries. * Provisioning expenses were high as the bank further provided for aviation exposure. Opex was also high due to pension provisions and a decline in the discount rate. * Business growth was healthy, with loans growing 13% YoY (4.1% QoQ) and deposi...
Buy Bank of Baroda Ltd. For Target Rs.300 - Motilal Oswal Financial Services
Buy Bank of Baroda Ltd. For Target Rs.300 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-23 02:20:13 pm
Stock Picks : Bank of Baroda Ltd And National Mineral Development Corporation Ltd By ICICI Direct Bank of Baroda Ltd Buy Bank of Baroda Ltd @ 283-284 Target 287.20 Stop Loss 281.80   National Mineral Development Corporation Ltd Buy National Mineral Development Corporation Ltd @ 262.50-263.50 Target 266.50 Stop Loss 261.20   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd And National Mineral Development Corporation Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd And National Mineral Development Corporation Ltd By ICICI Direct
Source: ICICI Direct
2024-06-13 10:18:37 am
Bank of Baroda rises on inking MoU with Telangana State Disaster Response & Fire Services Department Bank Of Baroda is currently trading at Rs. 284.60, up by 1.25 points or 0.44% from its previous closing of Rs. 283.35 on the BSE. The scrip opened at Rs. 285.00 and has touched a high and low of Rs. 285.15 and Rs. 283.40 respectively. So far 100000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 298.45 on 03-Jun-2024 and a 52 week low of Rs. 182.65 on 15-Jun-2023. Last one week high and low of the scrip stood at...
Bank of Baroda rises on inking MoU with Telangana State Disaster Response & Fire Services Department
Bank of Baroda rises on inking MoU with Telangana State Disaster Response & Fire Services Department
Source: Accord Fintech
2024-06-13 10:15:22 am
Stock markets gain over Rs 12 lakh crore in single day in `rare` phenomenon The Indian stock markets gained over Rs 12 lakh crore, or 3.25 per cent, on Monday as fundamentals, technicals and sentiments turned favourable at the same time, which is a rare phenomenon, experts said.  According to analysts, Exit Polls predicting the NDA government’s return to power with a thumping majority pushed Sensex and Nifty to new highs, as another trading session witnessed buying across the Adani counter, with Adani Ports and Adani Power as the biggest gainers. &ld...
Stock markets gain over Rs 12 lakh crore in single day in `rare` phenomenon
Stock markets gain over Rs 12 lakh crore in single day in `rare` phenomenon
Source: IANS
2024-06-03 05:32:19 pm
Bank of Baroda Q4 net profit rises to 4,886 crore Government-owned Bank of Baroda reported a net profit of Rs 4,886 crore for the January-March quarter of 2023-24, up 2.3 per cent from the corresponding figure of Rs 4,775 crore in the same period a year ago. The bank recommended a dividend at Rs 7.60 per equity share of face value Rs 2 each fully paid up for FY 2023-24. It has fixed June 28, 2024, as the record date for the eligibility of the dividend payment. The bank also improved its asset quality during the quarter with gross non-p...
Bank of Baroda Q4 net profit rises to 4,886 crore
Bank of Baroda Q4 net profit rises to 4,886 crore
Source: IANS
2024-05-10 05:33:53 pm
India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports Indian telecom carrier Vodafone Idea is in talks with lenders to avail loans worth 150 billion rupees ($1.80 billion) over the next two years, Bloomberg News reported on Thursday, citing people familiar with the matter. The company has reached out to state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank and some privately-held banks, the report said. Bloomberg News did not mention the names of the private lenders. SBI may take the lead of a consortium of l...
India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports
India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports
Source: Reuters
2024-05-02 04:23:13 pm
`Vegetable prices especially potato and onion pose upside risk to food inflation` BoB Essential Commodity Index (BoB ECI) has increased at the fastest pace since August 2023 by 5.9 per cent in March 2024, on YoY basis and by 0.4 per cent, on a sequential basis, says Dipanwita Mazumdar, Economist, Bank of Baroda. On a seasonally adjusted basis, the increase is sharper at 0.8 per cent. Much of this is attributable to the rise in prices of vegetables such as potato and onion. Apart from this, edible oils and pulses have also provided some bit of discomfort on food inflatio...
`Vegetable prices especially potato and onion pose upside risk to food inflation`
`Vegetable prices especially potato and onion pose upside risk to food inflation`
Source: IANS
2024-04-06 05:24:18 pm
Indian rupee to rise modestly against dollar in next three months The Indian rupee will strengthen only marginally against the U.S. dollar over the coming three months as the Reserve Bank of India (RBI) uses its foreign exchange reserves to manage volatility and keep the currency relatively strong, a Reuters poll found. While most emerging market currencies have weakened against the dollar so far this year, the rupee has traded in a tight range of 82.64/$-83.45/$ and is down less than 0.5%. That stability has been largely driven by the RBI's conti...
Indian rupee to rise modestly against dollar in next three months
Indian rupee to rise modestly against dollar in next three months
Source: Reuters
2024-04-04 08:51:14 am
Stock Picks : Hindalco Ltd And Bank of Baroda Ltd By ICICI Direct Hindalco Ltd Buy Hindalco Ltd. @ 567-568 Target 574 Stop Loss 564.40   Bank of Baroda Ltd??????? Buy Bank of Baroda Ltd???????. @ 269-270 Target 272.80 Stop Loss 267.70   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Hindalco Ltd And Bank of Baroda Ltd By ICICI Direct
Stock Picks : Hindalco Ltd And Bank of Baroda Ltd By ICICI Direct
Source: ICICI Direct
2024-04-03 10:31:01 am
India`s central bank likely to hold rates steady until at least July The Reserve Bank of India (RBI) will keep interest rates unchanged until at least July, a bit longer than the U.S. central bank is expected to do so, on strong growth and still-elevated inflation, according to a firm majority of economists polled by Reuters. India's economy grew a stellar 8.4% in the fourth quarter of 2023, the fastest among major economies. Inflation, which is still close to the upper band of the central bank's 2%-6% target, does not hint at an imminent rate cut. ...
India`s central bank likely to hold rates steady until at least July
India`s central bank likely to hold rates steady until at least July
Source: Reuters
2024-03-26 09:09:06 am
Some states slowing capex to maintain fiscal discipline: Bank of Baroda report Some states perhaps are curtailing their capital expenditure (capex) to maintain fiscal discipline though there is no one-to-one link between the two, the Bank of Baroda said in a report. According to the report authored by the bank's Economist Dipanwita Mazumdar, in the case of major states like Maharashtra, Gujarat and Karnataka, there are traces of this relationship – capex-fiscal discipline. In FY23, states have been seen maintaining fiscal discipline as a majority of them...
Some states slowing capex to maintain fiscal discipline: Bank of Baroda report
Some states slowing capex to maintain fiscal discipline: Bank of Baroda report
Source: IANS
2024-03-06 09:43:36 am
Indian economy to grow at 7.8 pc in FY25  The Indian economy is expected to grow at 7.8 per cent in FY25, said an economist in Bank of Baroda in a report. Citing the 7.6 per cent GDP growth estimates for FY24 by National Statistical Office (NSO), Jahnavi Prabhakar, Economist said given the strong macroeconomic fundamentals, consumption and investment are expected to maintain if not drive growth higher in FY25. With gradual improvement in global economic outlook, exports are expected to register stronger growth. Gross Valu...
Indian economy to grow at 7.8 pc in FY25
Indian economy to grow at 7.8 pc in FY25
Source: IANS
2024-03-04 03:20:59 pm
Bankrupt Indian airline Go First gets two financial bids, say bankers India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday. Budget carrier SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said. "The plan includes additional fund infusion to restart the airline's operations," said a banker with a state-run bank...
Bankrupt Indian airline Go First gets two financial bids, say bankers
Bankrupt Indian airline Go First gets two financial bids, say bankers
Source: Reuters
2024-02-25 09:42:09 am
Bankrupt Indian airline Go First gets two financial bids, say bankers India's Go First has received two financial bids as part of its bankruptcy process, said two bankers who attended a meeting of the airline's creditors held on Friday. Budget carrier SpiceJet's managing director, Ajay Singh, and Busy Bee Airways have jointly submitted a bid of 16 billion rupees ($193.10 million) for the airline, the bankers said. "The plan includes additional fund infusion to restart the airline's operations," said a banker with a state-run bank...
Bankrupt Indian airline Go First gets two financial bids, say bankers
Bankrupt Indian airline Go First gets two financial bids, say bankers
Source: Reuters
2024-02-24 12:05:54 pm
India`s GDP to log 6.4% growth in Q3 FY24  Government owned mortgage lender Bank of Baroda (BOB) on Friday predicted India’s gross domestic product (GDP) in Q3 FY24 to grow at 6.4 per cent on the back of subdued growth in industrial and agricultural sectors. “For Q3FY24, the economy is projected to grow at a slower pace by 6.4 per cent against a growth of 7.6 per cent in Q2FY24 led by subdued growth in agriculture and industry sector. Service sector is expected to lift up growth,” Jahnavi Prabhakar, Economis...
India`s GDP to log 6.4% growth in Q3 FY24
India`s GDP to log 6.4% growth in Q3 FY24
Source: IANS
2024-02-23 02:47:11 pm
IEPFA signs pact with DBS Bank to protect investors A Memorandum of Understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA), and DBS Bank here on Monday to spread safety messages among investors. The Ministry of Corporate Affairs said that as per the MoU, DBS Bank aims to support IEPFA's investor awareness activities by disseminating safety messages via its various digital platforms. “Leveraging DBS Bank's extensive networ...
IEPFA signs pact with DBS Bank to protect investors
IEPFA signs pact with DBS Bank to protect investors
Source: IANS
2024-02-20 10:15:43 am
IREDA inks pact with PNB for financing green energy projects Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) on Monday aimed at advancing renewable energy initiatives across the nation. The agreement paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects. It covers joint lending, loan syndication and underwriting, management of Trust and Retention Account (TRA) for IREDA borrowers, and working towa...
IREDA inks pact with PNB for financing green energy projects
IREDA inks pact with PNB for financing green energy projects
Source: IANS
2024-02-19 02:37:21 pm
Stock Picks : Wipro Ltd And Bank of Baroda Ltd By ICICI Direct Wipro (WIPRO) Ltd Buy Wipro Ltd @499-501; Target 506.00; Stop Loss 497.40   Bank of Baroda (BANBAR) Ltd Buy Bank of Baroda Ltd @252-253; Target 256.00; Stop Loss 250.80   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Wipro Ltd And Bank of Baroda Ltd By ICICI Direct
Stock Picks : Wipro Ltd And Bank of Baroda Ltd By ICICI Direct
Source: ICICI Direct
2024-02-13 10:05:27 am
Buy Bank of Baroda Ltd For Target Rs. 290 - Motilal Oswal Financial Services Lower provisions drive earnings; margins improve 3bp QoQ Asset quality remains robust * Bank of Baroda (BOB) reported 3QFY24 PAT of INR45.8b, up 19% YoY (9% beat), driven by lower provisions and a 3bp QoQ expansion in margins. * Other income declined 21% YoY to INR28.1b, affected by weak treasury income. Total income, thus, declined 3% YoY (6% miss). * Business growth was healthy, with loans growing 15% YoY (2.6% QoQ) and deposits increasing 8% YoY (flat QoQ). The CD ratio, thus, ...
Buy Bank of Baroda Ltd For Target Rs. 290 - Motilal Oswal Financial Services
Buy Bank of Baroda Ltd For Target Rs. 290 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-02-11 02:59:21 pm
Monthly Update : Vogue, Oscillations & Choices by Elara Capital Sector leaders confining valuations Gap between credit and deposit growth wide The gap between credit and deposit growth sustained, with former at 16% YoY and the latter at 12% YoY. Liquidity was tight, which may strain deposit rate and margin. Some traits such as: a) elevated CD ratio (>95%), b) regulator stipulation for CD and c) trying deposit growth may feed into softening credit growth, converging to deposit growth. Liquidity tight The 10Y GSEC has come off 3bps MTD and 1...
Monthly Update : Vogue, Oscillations & Choices by Elara Capital
Monthly Update : Vogue, Oscillations & Choices by Elara Capital
Source: PR Agency
2024-02-06 05:30:56 pm
Bank of Baroda launches a Comprehensive Current Account Package with Seven New Current Account Products to Cater to Diverse Business Segments Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of a comprehensive Current Account Package with seven new differentiated Current Account products. Each current account product has been specially curated to meet the specific business banking needs of different business segments, empowering customers and giving a boost to their businesses.  The new Current Account package was unveiled at an event at the Bank’s Corporate Office by th...
Bank of Baroda launches a Comprehensive Current Account Package with Seven New Current Account Products to Cater to Diverse Business Segments
Bank of Baroda launches a Comprehensive Current Account Package with Seven New Current Account Products to Cater to Diverse Business Segments
Source: PR Agency
2024-01-30 09:45:41 am
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda India's ONGC Videsh, the overseas investment unit of the country's top explorer, Oil and Natural Gas Corp, has received a five-year $420 million loan from DBS Bank and Bank of Baroda, a company spokesperson said on Thursday. The loan will strengthen ONGC Videsh's available cash as it contends with shrinking free cash. Merchant bankers said last month that the company was likely to issue bonds to raise funds, and Venezuela provided some respite in January by agreeing to give ...
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
India`s ONGC arm gets $420 million loan from DBS Bank, Bank of Baroda
Source: Reuters
2024-01-18 01:55:48 pm
First two quarters to see good FPI inflows, rupee to appreciate: Bank of Baroda After a dismal start, foreign portfolio investments (FPI) flow into India picked up pace, cumulatively totaling $28.7 billion in 2023, said a report by Bank of Baroda. The report also said the trend will continue and be positive for the Indian rupee which will likely to appreciate. The report said that FPI into India closed at 28.7 billion last calendar year. “While equity segment continued to outperform, encouraging trend was also visible in the debt segment, particularly in t...
First two quarters to see good FPI inflows, rupee to appreciate: Bank of Baroda
First two quarters to see good FPI inflows, rupee to appreciate: Bank of Baroda
Source: IANS
2024-01-12 05:01:56 pm
Bank of Baroda trades marginally in green on inking MoU with REC Bank Of Baroda is currently trading at Rs. 238.05, up by 0.25 points or 0.11% from its previous closing of Rs. 237.80 on the BSE. The scrip opened at Rs. 239.00 and has touched a high and low of Rs. 239.40 and Rs. 236.15 respectively. So far 186359 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 240.00 on 04-Jan-2024 and a 52 week low of Rs. 146.50 on 02-Feb-2023. Last one week high and low of the scrip stood at...
Bank of Baroda trades marginally in green on inking MoU with REC
Bank of Baroda trades marginally in green on inking MoU with REC
Source: Accord Fintech
2024-01-05 10:33:38 am
Bank of Baroda surges on raising stake in ONDC Bank of Baroda is currently trading at Rs. 226.05, up by 2.45 points or 1.10% from its previous closing of Rs. 223.60 on the BSE. The scrip opened at Rs. 222.40 and has touched a high and low of Rs. 226.70 and Rs. 222.40 respectively. So far 714684 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 229.55 on 20-Dec-2023 and a 52 week low of Rs. 146.50 on 02-Feb-2023. Last one week high and low of the scrip stood at...
Bank of Baroda surges on raising stake in ONDC
Bank of Baroda surges on raising stake in ONDC
Source: Accord Fintech
2023-12-26 03:16:15 pm
India`s inflation rate 5.6% higher than most other nations: Bank of Baroda Inflation in India at 5.6 per cent for November is higher than most other nations, the Bank of Baroda said in a report. According to the report, the inflation in India is likely to remain high even in December due to higher food prices but the comfort is the stable core inflation numbers for the past few months which is more susceptible to demand side forces and, in turn, can be controlled by monetary policy. However, food inflation is driven more by supply side pressures where shortfalls ...
India`s inflation rate 5.6% higher than most other nations: Bank of Baroda
India`s inflation rate 5.6% higher than most other nations: Bank of Baroda
Source: IANS
2023-12-13 05:46:37 pm
Bank of Baroda moves up on planning to raise funds Bank of Baroda is currently trading at Rs. 217.10, up by 1.10 points or 0.51% from its previous closing of Rs. 216.00 on the BSE. The scrip opened at Rs. 217.45 and has touched a high and low of Rs. 218.75 and Rs. 214.70 respectively. So far 621115 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 219.60 on 18-Sep-2023 and a 52 week low of Rs. 146.50 on 02-Feb-2023. Last one week high and low of the scrip stood at...
Bank of Baroda moves up on planning to raise funds
Bank of Baroda moves up on planning to raise funds
Source: Accord Fintech
2023-12-13 12:33:46 pm
Stock Picks : Bank of Baroda Ltd And Chambal Fertiliser Ltd By ICICI Direct Bank of Baroda Ltd  Buy Bank of Baroda Ltd @214.80-215.80; Target 218.00; Stop Loss 213.90   Chambal Fertiliser Ltd  Buy Chambal Fertiliser Ltd @348-349; Target 353.00; Stop Loss 345.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : Bank of Baroda Ltd And Chambal Fertiliser Ltd By ICICI Direct
Stock Picks : Bank of Baroda Ltd And Chambal Fertiliser Ltd By ICICI Direct
Source: ICICI Direct
2023-12-12 11:51:23 am
Time for investors to bank on a couple of PSU and private banks The Indian banking system consists of 12 public sector banks, 22 in the private sector, apart from foreign and cooperative banks. Over the last one year-to-date the Banking Index has delivered a return of 9.29 per cent. Post the Insolvency and Bankruptcy Code coming in place, most of the non-performing assets of the Indian Banking system have come to a resolution, either it has been paid off or has taken through the National Company Law Tribunal (NCLT) route. If we look at the non-perfo...
Time for investors to bank on a couple of PSU and private banks
Time for investors to bank on a couple of PSU and private banks
Source: IANS
2023-12-10 10:10:59 am