Bank of Baroda (BANKBARODA)

SBI and Bank of Baroda Recommended for Long-Term Investment - 24 Jul, 2024

Analysts remain optimistic about the PSU banking space, particularly SBI and Bank of Baroda, due to their strong balance sheets and potential for growth in line with India's goal of reaching a $5 trillion economy.

Bank of Baroda May Benefit from Potential Budget Changes - 23 Jul, 2024

Chief Economist at Bank of Baroda anticipates potential increases in Section 80C deductions and interest on home loans, which could encourage financial savings. The budget may aim to bring the fiscal deficit closer to 5 percent.

Bank of Baroda Launches Digital and Technology-led Initiatives - 22 Jul, 2024

Bank of Baroda has launched a range of digital and technology-led initiatives, including a Generative AI-powered virtual relationship manager (VRM) and credit line on UPI to enhance customer experience. The bank has enabled the credit line on UPI feature for its Baroda Kisan Credit Card customers. These initiatives are expected to provide real-time information about the bank's products and services while capturing customer requirements for specific banking services.

Bank of Baroda Launches New Fixed Deposit Scheme - 16 Jul, 2024

Bank of Baroda has launched a new special fixed deposit scheme, the bob Monsoon Dhamaka Deposit Scheme, offering interest rates of up to 7.90% p.a for retail deposits below Rs 3 crore. Senior citizens and non-callable deposits will receive additional interest rates.

Bank of Baroda Launches New Deposit Scheme, Plans to Raise Funds Through Infra Bonds - 15 Jul, 2024

Bank of Baroda has launched a new deposit scheme called the Monsoon Dhamaka Deposit Scheme while also planning to raise funds through infrastructure bonds along with other major banks.

HDFC Bank and Bank of Baroda Post Drop in Credit Growth - 11 Jul, 2024

Energy, banks, and commodity companies are expected to have a rough quarter, dragging down the Nifty's aggregate performance. HDFC Bank and Bank of Baroda posted a sequential drop in credit growth, suggesting that lenders are struggling to keep up with rapid expansion.

Bank of Baroda Plans USD Bond Issuance and Expected Q1 Profit Growth - 10 Jul, 2024

Bank of Baroda is set to raise funds through a USD issuance and has invited applications for joint lead managers. Prabhudas Lilladher expects the bank's Q1 net profit to increase by 9.6% YoY. The bank will also raise its MCLR rates on most tenures starting Friday.

Bank of Baroda Reports Q1 Growth and Plans Capital Raise - 08 Jul, 2024

Bank of Baroda reports healthy growth in Q1 with global business expanding by 8.52% YoY and domestic advances growing by 8.51% YoY. However, the bank's shares fell over 4% due to a sequential decline in advances for Q1. The bank plans to raise up to Rs 7,500 crore via debt capital instruments.

Bank of Baroda Advances and Deposits Rise - 07 Jul, 2024

Bank of Baroda reports an increase in both domestic and global advances, as well as deposits. The bank is expected to be in focus on July 8.

Bank of Baroda Reports Loan Book Growth; Leads Syndicated Loan - 06 Jul, 2024

Bank of Baroda reports an 8% YoY increase in its total loan book to ₹10.72 lakh crore in Q1, with retail loans leading the growth. The bank is also one of three lead arrangers for a syndicated loan.

Bank of Baroda Plans Capital Raise - 05 Jul, 2024

Bank of Baroda plans to raise additional capital of up to Rs 7,500 crore through AT1 and Tier II bonds during FY24-25. The bank reported slower deposit growth than the industry trend in Q1 2024-25, but domestic advances rose 8.51% YoY to Rs 8.81 lakh crore.

Bank of Baroda's Deposits and Advances Grow in Q4 - 02 Jul, 2024

Bank of Baroda's deposits grew by 15.1% YoY to Rs. 12.04 trillion, while advances increased by 19% to Rs. 9.74 lakh crore in Q4. The bank's global gross advances jumped 19%, with domestic retail advances rising 26.9%. Bank of Baroda's total business crossed the Rs. 21 lakh milestone, growing 16.8% YoY. The bank's net interest income (NII) also grew over 26% YoY.

Bank of Baroda Receives Tax Demand Order Worth Rs 1,067.82 Crore - 01 Jul, 2024

State-owned Bank of Baroda has received a tax demand order of Rs 1,067.82 crore from the Income Tax Department for Assessment Year 2017-18. The bank will appeal the order and is set to meet on July 5 to consider its capital plan for FY25.

Bank of Baroda Receives Demand Order from Income Tax Department - 29 Jun, 2024

The Faceless Assessment Unit, Income Tax Department has issued a demand order of Rs 1,067.82 crore to Bank of Baroda for AY 2017-18. The bank is filing an appeal before the Commissioner of Income Tax (appeals) and believes it has adequate grounds to substantiate its position. There will be no impact on financial operations or other activities of the bank.

Bank of Baroda Plans Capital Raise Through Debt Instruments - 28 Jun, 2024

Bank of Baroda plans to raise funds through Additional Tier 1 and Tier 2 Debt Capital Instruments with an interchangeability option. The bank's Q4FY24 net profit stood at ₹4,886.5 crore, surpassing analysts' expectations. Gross NPA ratio reduced to 2.92%.

Bank of Baroda Rises Alongside Other PSU Banks - 26 Jun, 2024

Bank of Baroda rises alongside other public sector lender banks by up to 1%. The Bank Nifty is likely to trade positively towards 53,000, according to ICICI Direct Research.