Page 9 - Bank Of Baroda
Bank of Baroda cuts MCLR by up to 10 bps; home, auto loans to get cheaper
With this reduction, the one-year MCLR has come down to 8.15 per cent per annum from 8.25 per cent, according to a bank statement; it will be effective from February 12, 2020
 "Bank of Baroda cuts MCLR by up to 10 bps; home, auto loans to get cheaper")
We'll focus on risk management for a healthy corporate book, says BoB CEO
BoB's new managing director and chief executive Sanjiv Chadha tells Business Standard that while the bank has a comfortable capital base to grow he would prefer to visit the market
 "We'll focus on risk management for a healthy corporate book, says BoB CEO")
Expect NPAs to taper down from next quarter,says Bank of Baroda CEO
In the three months to December period, BoB's fresh slippages stood at Rs 10,387 crore, of which Rs 4,509 crore were on account of divergence found by the Reserve Bank for 2019 fiscal
After bad loan issue, experts see more pain ahead for Bank of Baroda
Credit costs could stay elevated in the coming financial year
 "After bad loan issue, experts see more pain ahead for Bank of Baroda")
Bank of Baroda's Q3 profit before tax rises 34% to Rs 5,748 crore
Posts net loss due to jump in NPA provisions on divergence
Market Wrap, Jan 24: Sensex up 227 pts, BSE mid-cap index hits 52-wk high
Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow
 "Market Wrap, Jan 24: Sensex up 227 pts, BSE mid-cap index hits 52-wk high")
Bank of Baroda Q3 preview: DHFL could dent asset quality, say analysts
The bank, which is slated to report its Q3FY20 numbers later today, is expected to report a nearly 300 per cent rise in the net profit at Rs 1,851 crore on a year-on-year (YoY) basis.
 "Bank of Baroda Q3 preview: DHFL could dent asset quality, say analysts")
Market Ahead, January 24: All you need to know before the Opening Bell
Analysts say that the Nifty's close in the positive territory on Thursday might mean that the first leg of downside is over and a bounce back has resumed
 "Market Ahead, January 24: All you need to know before the Opening Bell")
Weekly stock picks by Religare Broking: Buy Aurobindo Pharma, Ramco Cements
Currently, Ramo Cements' stock is hovering in a range, after a sharp up move, offering fresh buying opportunity to those who missed the chance earlier
 "Weekly stock picks by Religare Broking: Buy Aurobindo Pharma, Ramco Cements")
New MD and CEOs for Bank of Baroda, Bank of India and Canara Bank
The government has appointed Sanjiv Chadha as the new managing director and chief executive of Bank of Baroda
UBI to cut MCLR across tenors by 10 bps, BoB to slash 1-month rate by 5 bps
Union Bank of India has reduced the MCLR by 10 basis points across all tenors with effect from January 11, 2020
 "UBI to cut MCLR across tenors by 10 bps, BoB to slash 1-month rate by 5 bps")
BoB directors to finalise plans to raise capital at Jan 8 meeting
CRISIL believes BoB will be able to maintain adequate capitalisation over the medium term, backed by capital support from the Union government
 "BoB directors to finalise plans to raise capital at Jan 8 meeting")
Bank of Baroda raises Rs 920 cr via private placement of Basel III bonds
The issue which opened on Thursday and closed the same day, saw a total of 11 allottees through private placement of bonds, the bank said in a BSE filing
Baroda, Union MFs bank on mergers to increase their market share
AUM of both companies declined in September quarter
 "Baroda, Union MFs bank on mergers to increase their market share")
Bank of Baroda raises Rs 1,747 cr by issuing Basel III-compliant bonds
To comply with Basel III capital regulations, banks need to improve and strengthen their capital planning processes.
Bank of Baroda underreported bad loans by Rs 5,250 cr in FY19: RBI report
In recent months, there have been several instances of under-reporting of bad loans by lenders
 "Bank of Baroda underreported bad loans by Rs 5,250 cr in FY19: RBI report")
Fitch affirms Bank of Baroda's IDR at 'BBB-'; VR off rating watch negative
The lender's performance is likely to stay subdued on weak economy, NBFC stress
 "Fitch affirms Bank of Baroda's IDR at 'BBB-'; VR off rating watch negative")
BoB signs share purchase agreement to sell Trinidad & Tobago business
As part of rationalising its international operations, state-owned Bank of Baroda Thursday signed a share purchase agreement with Ansa Merchant Bank to sell the business of Bank of Baroda Trinidad & Tobago. BoB Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary. "We have had a long and successful tenure in Trinidad & Tobago and will look forward to a disruption-free service to our valued customers of in that market," executive director Murali Ramaswami, said in a statement. The sale will need an approval from Central Bank of Trinidad & Tobago. BoB had decided to exit the business way back in May 2017.
Bank of Baroda and HDFC Bank cut MCLR by 5 bps and 15 bps respectively
HDFC Bank had also cut its MCLR by 10 bps across tenures last month
BoB to sell 10.4 mn shares in proposed UTI AMC initial public offering
Last week, the country's largest lender State Bank of India had approved diluting up to 8.25% stake in UTI AMC
