BoB’s Q2 show leaves much to be desired
3 years, 1 month ago

BoB’s Q2 show leaves much to be desired

Live Mint  

Bank of Baroda’s September-quarter performance didn’t have many reasons to cheer. Bank of Baroda’s domestic loan book was propped up by a double-digit expansion in its retail loan book. Bank of Baroda’s corporate loan book was flat from a year ago. Revival in corporate loan growth would be critical to show a decent loan book growth in FY22 for not just Bank of Baroda but also other lenders. Since the loan book didn’t expand much for the bank, the fall in bad loan stock appeared small in terms of ratios.

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BoB Q2 Results: A Strong Performance with Significant Growth
1 month, 4 weeks ago

BoB Q2 Results: A Strong Performance with Significant Growth

Live Mint  

Bank of Baroda reports a strong Q2 result, with a 23.2% increase in standalone net profit and a 7.3% YoY growth in NII. The bank's operating income and profit margins are also impressive, with a 12% YoY rise in operating income and a 18.2% YoY increase in operating profit. The bank's net and gross NPAs have also improved significantly, indicating …

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore
7 months, 2 weeks ago

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Business Standard  

The board has recommended a dividend at Rs 7.60 per equity share of face value of Rs 2 each fully paid up for the 2023-24 subject to approval at the ensuing 28th Annual General Meeting. | Photo: Shutterstock State-owned Bank of Baroda on Friday posted a marginal 2.3 per cent rise in net profit at Rs 4,886 crore for the …

Bank of Baroda board meeting tomorrow to discuss fundraising
1 year, 1 month ago

Bank of Baroda board meeting tomorrow to discuss fundraising

Live Mint  

Bank of Baroda has scheduled a meeting of the Capital Raising Committee tomorrow, November 18, 2023, to discuss and finalise the issuance of Tier I and Tier II debt capital instruments and long-term bonds for the financing of infrastructure and affordable housing within the board-approved capital raising plan. “We advise that the Meeting of the Capital Raising Committee of our …

REC shares surge 8.6% to hit record high on highest-ever quarterly profit in Q2
1 year, 1 month ago

REC shares surge 8.6% to hit record high on highest-ever quarterly profit in Q2

Live Mint  

Shares of REC Ltd hit their record high in intra-day deals on Thursday after the firm reported its highest-ever quarterly profit for the September quarter of FY24. The company reported a 38.71 percent year-on-year increase in its consolidated net profit for the quarter ended September to ₹3,789.90 crore versus ₹2,732.12 crore. “Owing to the improving asset quality, increase in lending …

Federal Bank Q2 results: Profit jumps 35.5% as provisions fall
1 year, 2 months ago

Federal Bank Q2 results: Profit jumps 35.5% as provisions fall

Live Mint  

Mumbai: Private sector lender Federal Bank on Monday reported a 35.5% year-on-year jump in net profit at ₹954 crore in the September quarter owing to lower provisions. “The environment continues to be reasonably encouraging.” Federal Bank’s asset quality improved as its gross bad loans as a percentage of gross advances stood at 2.26%, down from 2.38% in the June quarter …

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%
1 year, 4 months ago

BoB Q1FY24 results: Net profit jumps 87.7% YoY, NPA dips over 40%

Live Mint  

Bank of Baroda Q1 results 2023-24: State-owned bank, Bank of Baroda has declared its Q1FY24 results today. Sharing its first quarter results for the current financial year, the PSU bank reported 87.72 per cent YoY jump in net profit during April to June 2023 quarter. Bank of Baroda Q1FY24 net profit In Q1FY24, the PSU bank reported a net profit …

Bank of Baroda Q4 results get a thumbs-up from brokerages
1 year, 7 months ago

Bank of Baroda Q4 results get a thumbs-up from brokerages

Live Mint  

Stock market today: Most brokerage firms cheered the strong March quarter numbers of Bank of Baroda as the public sector lender's standalone profit after tax more than doubled in Q4 FY23. In the last one year, the stock has rallied 82 per cent against a 13 per cent gain in the equity benchmark Sensex, thanks to its strong credit growth …

Bank of Baroda ends FY23 on a strong note
1 year, 7 months ago

Bank of Baroda ends FY23 on a strong note

Live Mint  

Public sector lender Bank of Baroda’s March quarter earnings performance was an all-round show. Healthy NII aided the bank’s profitability, translating into robust net interest margin growth. Plus, the pressure to raise deposit rates has eased with the Reserve Bank of India’s latest decision to pause interest rate hikes, the management added. Going ahead, the management expects to grow slightly …

EMIs to go up soon as Bank of Baroda hikes lending rates by 5 bps from 12 April
1 year, 8 months ago

EMIs to go up soon as Bank of Baroda hikes lending rates by 5 bps from 12 April

Live Mint  

One of the leading public sector lenders, Bank of Baroda has hiked its benchmark lending rates by 5 basis points on various tenures. With effect from April 12, the bank will raise the Marginal Cost of Funds Based Lending Rate by 5 bps on overnight tenure to 7.95%. As per the regulatory filing, in Q4FY23, the bank's total deposits stood …

Bank of Baroda reports 59% YoY growth in Q2 PAT to ₹3,312 cr, gross NPA dips
2 years, 1 month ago

Bank of Baroda reports 59% YoY growth in Q2 PAT to ₹3,312 cr, gross NPA dips

Live Mint  

PSU lender, Bank of Baroda beats street's estimates in the quarter ending September 30, 2022 period with profitability witnessing double-digit growth. In Q2 of the current fiscal, the bank's net interest income which is the difference between interest earned and interest expended, came in at ₹10,174.46 crore in Q2FY23 --- registering a growth of 34.47% from ₹7,565.97 crore in Q2FY22. …

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