The economy is on the mend but sustained recovery will take time: that's the picture you get by studying the July-September quarter results of 1,286 listed companies. Devangshu Datta reads the numbers
Shares of Bank of Baroda were trading 1.76 per cent lower at Rs 47.35 apiece on the BSE
From how markets will react to US elections to Adani group being favourites for Sri Lanka port, Business Standard brings you the top headlines of the day
The government said that none of the state-owned banks proposed to raise bank charges in the near future in view of the Covid-19 pandemic
Bank of Baroda, India's third-largest public-sector bank, announced a reduction in repo-linked lending rate from 7 per cent to 6.85 per cent
Net interest income rose almost 7 per cent to Rs 7,508 crore, compared to Rs 7,028 crore in Q2Fy20
In the previous quarter of the current fiscal (Q1FY21), the lender had incurred a loss worth Rs 864.26 crore
All that happened in the markets today
MOFSL pegs Bank of Baroda's net profit at Rs 139.4 crore for the recently concluded quarter as against net profit of Rs 737 crore in the year-ago quarter
Analysts pegs SBI's PAT at Rs 3,435.5 crore for the quarter under review, at Rs 517 crore for Bank of Baroda, and at Rs 189 crore for PNB
Following the pact, BoB will be one of the preferred financiers for the entire range of vehicles sold by TKM, the bank said in a statement
Within one-and-a-half years of bringing Vijaya Bank under its fold, Bank of Baroda said it has completed the technical integration of over 1,900 branches of erstwhile Bengaluru-headquartered lender
The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra
This year the Officers Association filed an interim application pleading urgent hearing of the writ petition ahead of the IPO and to implead T Rowe Price as a respondent
State-owned Bank of Baroda (BoB) may consider adopting a model in the next few years where it will deploy 50 per cent of its employees at the branches and the balance would work from home
The Rs 600-crore IPO of Angel Broking garnered nearly four times subscription
Despite the Covid-19 pandemic, Bank of Baroda (BoB) is confident of completing the amalgamation process by December 2020, ahead of the initial timeline of March 2021
It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road
All that happened in the markets today
An earlier Delhi HC order had stayed BoB and the entire consortium of lenders' move to classify these accounts as fraud, restraining them from taking any other coercive action till the next hearing