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 Bank is scheduled to be held on 18.11.2023 to discuss and finalize 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,” the lender said in an exchange filing dated November 15. On October 10, the Reserve Bank of India had directed BoB to halt onboarding fresh customers on its mobile application 'bob World' with immediate effect, citing material supervisory concerns. BoB Q2 net profit jumps to ₹ 4,253 crore Bank of Baroda on November 4 reported a 28 per cent rise in its net profit to ₹4,253 crore in the second quarter ended September on the back of a decline in bad loans and a rise in interest income.

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History of this topic

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, 1 week 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 …

RBI lifts restrictions on adding customers on Bank of Baroda’s mobile app
7 months, 2 weeks ago

RBI lifts restrictions on adding customers on Bank of Baroda’s mobile app

Live Mint  

The Reserve Bank of India on Wednesday lifted restrictions imposed on Bank of Baroda in October last year, allowing the public sector lender to onboard customers to its mobile banking app, bob World. “We wish to inform that the RBI, vide its letter dated 8 May 2024, conveyed to the bank its decision to lift the above mentioned restrictions on …

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds
8 months, 1 week ago

RBI ban on Bank of Baroda World app: Finance ministry's likely plan on frauds

Hindustan Times  

Union finance ministry may propose stricter measures to protect citizens from cyber fraud, it was reported. This comes after an increase in incidents of frauds, including the Bank of Baroda World app scam, the Times of India reported citing sources who “mentioned a recent inter-ministerial meeting focused on bolstering cybersecurity and tackling financial fraud”, it noted. In October 2023, the …

BoB shares hit 52-week high after PSB invites buyers to sell New Zealand arm
11 months, 3 weeks ago

BoB shares hit 52-week high after PSB invites buyers to sell New Zealand arm

Live Mint  

Bank of Baroda Share Price Today: Shares of public sector bank Bank of Baroda were locked in at over three per cent upper circuit to hit its fresh 52-week high mark of ₹233.75 apiece on the BSE after the bank invited buyers to sell stake in its New Zealand arm on Wednesday, December 27. According to stock market experts, Bank …

Bank of Baroda (BoB) share price at 9-year high. Experts see more rally
1 year ago

Bank of Baroda (BoB) share price at 9-year high. Experts see more rally

Live Mint  

Bank of Baroda shares have remained an ideal 'buy on dips' stock for investors since February 2023. So, while climbing to a new 52-week high, BoB share price came close to 9-year high during Monday stock market deals. Why BoB share price is skyrocketing Speaking on the reasons that has fueled Bank of Baroda shares these days, Sandeep Pandey, Founder …

RBI orders Bank of Baroda to suspend onboarding customers on bob World app
1 year, 2 months ago

RBI orders Bank of Baroda to suspend onboarding customers on bob World app

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Tuesday ordered state owned lender Bank of Baroda to suspend further onboarding new customers on “bob World”, its mobile banking application. “Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the ‘bob World’ mobile application. This action is based on certain material supervisory concerns observed in the …

CBI searches premises of firm in ₹3,847.58-crore cheating case
1 year, 3 months ago

CBI searches premises of firm in ₹3,847.58-crore cheating case

Hindustan Times  

The Central Bureau of Investigation on Saturday carried out searches at four premises linked to a city-based firm and four of its promoters, who are accused of cheating a consortium of banks, led by State Bank of India, of ₹3,847.58 crore. The bank has alleged that the firm, Unity Infraprojects Limited, allegedly diverted the loan money it had obtained from …

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 …

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 …

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 …

PSU banks mobilise record fund of ₹58,700 crore from markets in FY21
3 years, 4 months ago

PSU banks mobilise record fund of ₹58,700 crore from markets in FY21

Live Mint  

Notwithstanding economic disruptions caused by the pandemic, public sector banks have managed to raise a record ₹58,700 crore from markets in FY2020-21 through a mix of debt and equity to enhance capital base. Punjab National Bank mobilised ₹3,788 crore through share sale on private placement basis during the financial year ended March 31, 2021. In addition, 12 PSBs raised funds …

Lakshmi Vilas Bank board approves raising up to ₹500 crore via rights issue
4 years, 2 months ago

Lakshmi Vilas Bank board approves raising up to ₹500 crore via rights issue

Live Mint  

The board of cash-strapped Lakshmi Vilas Bank today approved raising of up to ₹500 crore through issuance of shares on rights basis to existing shareholders. The board "considered and approved, inter-alia, subject to the necessary approvals, the raising of funds by issuance and allotment of equity shares or such other eligible securities of the Bank, for an aggregate amount of …

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