Page 4 - Bank Of Baroda

RBI imposes penalty of up to Rs 2 cr on 14 banks for non-compliance

The penalty ranges from Rs 50 lakh to Rs 2 crore, with SBI being charged Rs 50 lakh and BoB Rs 2 crore

Indian Overseas Bank becomes the second most-valued public lender

On a closing basis, the bank's market cap was Rs 51,887 crore at the end of trading on Friday, surpassing its peers Punjab National Bank (PNB) and Bank of Baroda (BOB)

BoB to offer flexible working model to employees; focus on mobile banking

This is aimed at striking a work-life balance and productivity enhancement in the long run.

Good show by banks but can they sustain it?

Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic

Lenders begin voting on Reliance Home Fin bids, to choose winner on June 15

Debt of Rs 11,200 crore of Reliance Capital group will get resolved once the winning bid is frozen

Bank of Baroda to sell 46 NPA accounts to recover Rs 597 crore

State-owned Bank of Baroda will conduct an e-auction of as many as 46 NPA accounts later this month to recover dues of Rs 597.41 crore. The lender, in a notification, said it intends to sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on 100 per cent cash basis, for which the e-auction will take place on June 21, 2021. The major NPA accounts put up for sale include Meena Jewels Export & Meena Jewellers Export (Rs 60.76 crore); Crystal Cable Industries (Rs 57.49 crore); J R Foods Ltd (Rs 41.60 crore); Shree Raghuvanshi Fibres (Rs 27.38 crore); Kaneri Agro Industries (Rs 24.69 crore); Man Tubinox (Rs 24.28 crore) and Aryans Educational and Charitable Trust (Rs 20.79 crore). The last date for submission of expression of interest is June 19, the bank said, adding the completion of due diligence will take place on the same day. "E-bidding timings will be from 11.30 AM to 12.30 PM with unlimited extension of 5 minutes

The road ahead for State Bank of India

The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance

BoB board approves setting off losses against share premium account

For fiscal year 2020-21, the bank reported a net profit of Rs 828.95 crore, up 52 per cent from Rs 546.18 crore a year ago.

Bank of Baroda may repatriate some capital from overseas business

The surge in liquidity - following additional infusion by central banks to fight the Covid-19 pandemic - has pushed down interest rates across the globe

Fraud charges: Dubai-based billionaire B R Shetty to drag BoB to court

Shetty is currently in India and trying to return to Dubai to take care of his businesses, but a travel ban issued by BoB has put paid to his plans.

Bank of Baroda shares close nearly 4% lower after fourth quarter net loss

The stock declined 3.81 per cent to close at Rs 80.65 at the NSE.

Bank of Baroda tanks 5% post Q4 results but analysts see up to 55% upside

While risk from the second wave of Covid-19 remains for its retail book, the corporate cycle is clearly turning, and hence BoB will also benefit from this trend, says CLSA

Bank of Baroda shares decline nearly 6% after disappointing Q4 result

Shares of Bank of Baroda on Monday declined nearly 6 per cent after the company reported a standalone net loss of Rs 1,047 crore in the quarter ended March 31, 2021

Stocks to watch: HDFC Bank, M&M, BoB, Affle (India), Aurobindo Pharma, PNB

Bank of Baroda (BoB) reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime

BoB posts Q4 net loss of Rs 1,047 cr due to rise in tax provisions

Excluding the impact of change in tax regime, the bank would have reported profit after tax of Rs 2,267 crore in Q4FY21

BoB reports net loss of Rs 1,046 cr in Q4, to raise additional Rs 5,000 cr

The Bank's gross non-performing assets (NPAs) rose sequentially to 8.87 per cent in Q4FY21

Bank of Baroda Q4 result preview: Here is what leading brokerages expect

Maintaining an optimistic view relative to the previous two brokerages, Motilal Oswal expects BoB's net profit to grow 82.6 per cent YoY to Rs 925 crore on the back of a sharp decline in provisions

PSBs Q4 preview: Bond yields may dent treasury income; asset quality eyed

Analysts are bullish on the PSBs' bottom lines on the back of favorable base on NII, a seasonally higher fee quarter, and some recoveries from Bhushan Power

Bank of Baroda mulls hiring digital marketing agencies to strengthen brand

Bank of Baroda is looking to hire three digital marketing agencies to strengthen its brand, aiming to be a preferred choice of customers with innovative banking models

BoB allots Rs 500 cr to Serum after RBI liquidity tap for healthcare firms

SBI, HDFC Bank among lenders gearing up to support companies involved in mitigating Covid-19 outbreak.