Yogi govt may soon sign MoU with the PSU bank, Sidbi and some NBFCs to facilitate easy funding for small- and medium-sized units
Dena Bank and Vijaya Bank got amalgamated with Bank of Baroda from this April
BOB is amongst the better capitalised PSBs, with a common equity tier I capital of 8.49% in 1QFY20
Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank
While the market is looking at near-term implications of the merger like the pace of lending activity, banks are more concerned with long-term issues
10 banks to be merged into 4; Indian Bank & Allahabad to be one
After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017
Finance ministry has called a meeting with chief executives of ten public sector banks on Friday
The bank is in discussions will NBFCs/HFCs such as PNB Housing Finance, Indiabulls Consumer Finance, IIFFL, Annapoorna MFI among others for loans
CEO Jayakumar said the bonds were likely to be floated by August-end or the first week of September to raise tier II/tier I capital
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
This is the bank's first quarterly result after Dena Bank and Vijaya Bank were amalgamated with Bank of Baroda
This is the lender's first earnings announcement after it merged Dena Bank and Vijaya Bank with itself
The public lender's net interest income (NII) came in Rs 6,498.1 crore
On a standalone basis, analysts are eyeing a pre-provision profit for Bank of Baroda of up to Rs 4,765 crore the quarter under review
Bank of Baroda will be hiring 35 IT Specialist Officers. Here's how to be a part of BoB's recruitment 2019
While the merger with Dena Bank and Vijaya Bank was concluded mostly in line with the management's guidance, it does throw up fresh challenges for the bank
Since BoB had an exposure of close to Rs 6,500 crore to DHFL, this will be pared by a little less than Rs 3,000 crore, the report added.
BoB is targetting a post-consolidation market share in education loans of 11%
As resolution through the insolvency courts keep getting delayed inordinately, the state-run Bank of Baroda has put on sale non-performing loans amounting to Rs 9,060 crore, including two large accounts - Bhushan Power & Steel and Alok Industries which are undergoing insolvency process but delayed. While Bhushan Power & Steel dues are to the tune of Rs 2,099 crore, Alok Industries dues are Rs 903 crore. Both these companies are among the 12 largest stressed accounts which the Reserve Bank had asked banks to refer to National Company Law Tribunals for resolution in June 2017 and forms the first list put out by the monetary authority in the mid-2016. The third largest lender had put Bhushan Power & Steel on sale in December 2018 but could not find a buyer. Besides these two big accounts, the bank is also looking to sell 65 other medium and small-size stressed accounts worth Rs 6,057 crore, only on cash basis, according to the information on the bank's ...