BANK OF BARODA
NSE : BANKBARODABSE : 532134ISIN
CODE : INE028A01039Industry : Bank - PublicHouse
: PSU
BSE260.851.85 (+0.71 % )
PREV CLOSE (Rs.) 259.00
OPEN PRICE (Rs.) 259.45
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 415743
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE260.85 1.8 (+0.69 % )
PREV CLOSE(Rs.) 259.05
OPEN PRICE (Rs.) 259.70
BID PRICE (QTY) 260.85 (11531 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 12196792
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 13-May-2024 | Bank of Baroda informs about annual secretarial compliance report | <div style="text-align: justify;">Pursuant to SEBI circular no. CIR/CFD/CMD1 /2712019 dated February 08, 2019 and Regulation 24A of SEBI (LODR) Regulations, 2015, Bank of Baroda has enclosed Annual Secretarial Compliance Report for the year ended 31.03.2024 submitted by R S Padia & Associates, Company Secretaries.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div> |
| 10-May-2024 | Bank of Baroda reports marginal fall in Q4 consolidated net profit | <p style="text-align: justify;">Bank of Baroda has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The bank has reported 2.33% rise in its net profit at Rs 4,886.49 crore for the quarter under review as compared to Rs 4775.33 crore for the same quarter in the previous year. Total income of the bank increased by 15.18% at Rs 33774.87 crore for Q4FY24 as compared Rs 29322.74 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the bank has reported 2.34% fall in its net profit at Rs 5132.45 crore for fourth quarter ended March 31, 2024 as compared to Rs 5255.17 crore for the same quarter in the previous year. However, total income of the bank increased by 15.63% at Rs 37610.59 crore for Q4FY24 as compared Rs 32528.06 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">For the year ended March 31, 2024, the bank has reported 26.08% rise in net profit at Rs 17788.78 crore as compared to Rs 14109.62 crore for the previous year. Total income of the bank increased by 27.59% at Rs 127101.31 crore for year under review as compared to Rs 99614.38 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the bank has reported 25.91% rise in its net profit at Rs 18767.38 crore as compared to Rs 14905.20 crore for the previous year. Total income of the bank increased by 27.98% at Rs 141778.70 crore for year under review as compared to Rs 110777.98 crore for year ended March 31, 2023. </p> |
| 09-May-2024 | Rail Vikas Nigam, Datamatics Global Services and Infosys to see some action today | <p style="text-align: justify;"><b>Rail Vikas Nigam </b>has received Letter of Acceptance from SER HQ-ELECTRICAL/SOUTH EASTERN RAILWAY for Design, Supply, Erection, Testing and Commissioning for upgradation of Electric traction system from 1 x 25 KV to 2 x 25 KV traction system for Rajkharsawan -Nayagarh-Bolani section of Chakradharpur division of South Eastern Railway to meet 3000 MT loading target. Cost of work is Rs 167.28 crore including applicable taxes. </p><p style="text-align: justify;"><b>Datamatics Global Services </b>has received approval to acquire the balance 23% stake in Datamatics Cloud Solution, Joint Venture Company (JVC) held by CloudGrowth. This acquisition is undertaken pursuant to terms and conditions of Joint Venture Agreement dated October 4, 2022 entered between the company and CloudGrowth. The object of this acquisition of balance 23% equity in the JVC is to clean up the company's Salesforce business structure. Post-acquisition, JVC will become wholly owned subsidiary of the company and Joint Venture Agreement between the company and CloudGrowth will be terminated on completion of acquisition & payment of consideration in full.</p><p style="text-align: justify;"><b>Infosys </b>has collaborated with Yunex Traffic, a global leader in intelligent traffic solutions, to help accelerate their SAP S/4HANA-led digital transformation journey across 16 countries, including the United States, United Kingdom, and Germany. This strategic collaboration will help advance the ‘Yunex OneERP' program, which aims to drive harmonization across diverse business units. In addition, Infosys will help Yunex Traffic consolidate disparate business processes and IT systems in the Enterprise Resource Planning (ERP) space into a cloud-based unified system powered by Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate their cloud journey.</p><p style="text-align: justify;"><b>Great Eastern Shipping Company </b>(G E Shipping) has taken delivery of a 2013 built Medium Range product tanker ‘Jag Prachi' of about 51,486 dwt. The company had contracted to buy the vessel in Q4 FY24. Including this vessel, the Company's current fleet stands at 44 vessels, comprising 30 tankers (6 crude carriers, 20 product tankers, 4 LPG carriers) and 14 dry bulk carriers aggregating 3.46 mn dwt. This vessel is financed entirely from internal accruals. The purpose of the acquisition is expansion of the fleet.</p><p style="text-align: justify;"><b>Tata Power Company</b> has reported 11.37% rise in its consolidated net profit at Rs 1,045.59 crore for fourth quarter ended March 31, 2024 as compared to Rs 938.81 crore for the same quarter in the previous year. Total income of the company increased by 23.55% at Rs 16463.94 crore for Q4FY24 as compared Rs 13,325.30 crore for the corresponding quarter previous year. </p><p style="text-align: justify;"><b>Larsen & Toubro </b>has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 11.22% fall in its net profit at Rs 2,666.07 crore for the quarter under review as compared to Rs 3,002.85 crore for the same quarter in the previous year. However, total income of the company increased by 7.30% at Rs 40,573.76 crore for Q4FY24 as compared Rs 37,814.05 crore for the corresponding quarter previous year. On consolidated basis, the company has reported 12.52% rise in its net profit at Rs 5,003.54 crore for fourth quarter ended March 31, 2024 as compared to Rs 4,446.74 crore for the same quarter in the previous year. Total income of the company increased by 15.31% at Rs 68,120.42 crore for Q4FY24 as compared Rs 59,076.06 crore for the corresponding quarter previous year.</p><p style="text-align: justify;"><b>Bank of Baroda </b>(BoB) announced that the Reserve Bank of India (RBI) has removed the restriction imposed on the bank in October last year, allowing it to onboard customers onto the ‘bob World' platform once again.</p> |
| 07-May-2024 | Bank of Baroda informs about disclosure | <p style="text-align: justify;">Bank of Baroda has informed that it enclosed the names of the valid candidates who have been found to be ‘Fit and Proper' by the Nomination & Remuneration Committee (NRC) of the Bank in the meeting held today, for Election of one Director amongst shareholders other than the Central Government'. The remote e-voting will be held from 10.05.2024 to 14.05.2024 and e-voting will be held during the Extraordinary General Meeting through VC/OAVM on 15.05.2024 as per details in the Notice of EGM. The last date of withdrawal of candidature will be 08th May 2024 (by 4.00 pm).</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 06-Apr-2024 | Bank of Baroda's global deposits rise 10% in Q4FY24 | <p style="text-align: justify;">Bank of Baroda's global deposits grew 10.24% to Rs 13,26,919 crore (Provisional) as of March 31, 2024 (Q4FY24), as compared to Rs 12,03,688 crore as of March 31, 2023 (on a yearly basis). On a quarterly basis, the global deposits stood at Rs 12,45,300 crore as of December 2023.</p><p style="text-align: justify;">Its Global advances stood at Rs 10,89,822 crore (Provisional) as of March 31, 2024, posting a 12.41% rise in year-on-year (YoY) terms as against Rs 9,69,548 crore as of March 31, 2023 and on quarter-on-quarter (QoQ) basis, Global advances stood at Rs 10,49,327 crore as of December 2023. Domestic advances and Domestic Retail advances stood at Rs 8,97,366 crore and Rs 2,14,792 crore (Provisional) respectively as of March 31, 2024.</p><p style="text-align: justify;">Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.</p><div style="text-align: justify;"><br></div> |
| 27-Mar-2024 | Bank of Baroda acquires co-branding rights for three stations of Delhi Metro | <p style="text-align: justify;">Bank of Baroda has acquired the co-branding rights for three stations of Delhi Metro. These stations are Inderlok, South Extension and Rajouri Garden. Delhi Metro Rail Corporation (DMRC) awarded the naming rights to the bank for a period of 10 years, beginning from 2024. </p><p style="text-align: justify;">In addition to the exclusive co-branding rights, the bank will get a dedicated space for branding, display of products and installation of an ATM/Digital Banking Unit (DBU)/ kiosk to serve customers. </p><p style="text-align: justify;">Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.</p> |
| 22-Mar-2024 | Banking stocks gain after FICCI-IBA survey says Indian banking sector continues to improve with better asset quality, high credit growth | <p style="text-align: justify;">Banking stocks gained on the BSE, after a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) has showed that the health of the Indian banking sector continues to improve with better asset quality and high credit growth. The eighteenth round of the survey was carried out for the period July to December 2023.</p><p><span style="text-align: justify;">Bank of Baroda is currently trading at Rs. 259.55, up by 3.80 points or 1.49% from its previous closing of Rs. 255.75 on the BSE.</span></p><p><span style="text-align: justify;">Bank of India is currently trading at Rs. 135.70, up by 1.15 points or 0.85% from its previous closing of Rs. 134.55 on the BSE.</span></p><p style="text-align: justify;">State Bank of India is currently trading at Rs. 745.85, up by 2.05 points or 0.28% from its previous closing of Rs. 743.80 on the BSE.</p><p style="text-align: justify;">Those banks that were surveyed together represent about 77 per cent of the banking industry, as classified by asset size. India's economy held relatively well (estimated 7.6 per cent) in 2023-24 compared to other major economies driven by strong investment growth and a rebound in industrial activity. Credit growth also continued to rise, supported by factors such as economic expansion and a continued push for retail credit which has been supported by improving digitalisation. The banking sector's clean balance sheets support further loan growth going forward.</p><p style="text-align: justify;">The survey findings showed that long term credit demand has seen continued growth for sectors such as Infrastructure, metals, iron and steel, food processing. Infrastructure is witnessing an increase in credit flow with 82 per cent of the respondents indicating an increase in long-term loans as against 67 per cent in the previous round. The joint survey suggested that the outlook for non-food industry credit over next 6 months is optimistic with 41 per cent of the participating banks expecting non-food industry credit growth to be above 12 per cent while 18 per cent feel that non-food industry credit growth would be in the range of 10-12 per cent. Further, 36 per cent of the respondents are of the view that non-food industry credit growth would be in the range of 8-10 per cent.</p><div style="text-align: justify;"><br></div> |
| 12-Mar-2024 | Bank of Baroda launches bob Earth Green Deposits | <p style="text-align: justify;">Bank of Baroda has launched the bob Earth Green Term Deposit Scheme, with the aim to raise deposits that will be deployed towards financing eligible environment-friendly projects and sectors.</p><p style="text-align: justify;">The bob Earth Green Term Deposits offer depositors the opportunity to earn attractive interest rates on a range of tenors and participate in India's transition to a green and sustainable economy. The Bank is offering interest rates of up to 7.15% p.a. The General Public/Resident Indians, NRIs and High Net worth Individual (HNI) investors are all eligible to invest in the bob Earth Green Term Deposit scheme.</p><p style="text-align: justify;">Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.</p><div style="text-align: justify;"><br></div> |
| 23-Feb-2024 | Bank of Baroda raises Rs 2,500 crore through Bonds | <p style="text-align: justify;">Bank of Baroda has raised Rs 2,500 crore through the issuance of Basel III Compliant Tier-II Bonds Series XXVI to fund business growth. The bank has received a strong response from investors, which allowed it to price the issue at a very competitive coupon rate of 7.57 per cent.</p><p style="text-align: justify;">These bonds are unsecured, listed, rated, subordinated, non-convertible, taxable, redeemable having a tenor of 10 years from deemed date of allotment with a 5-year call option. The bidding for the bonds took place on February 21, 2024 while the allotment was done on February 22, 2024. </p><p style="text-align: justify;">Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.</p><div style="text-align: justify;"><br></div> |
| 31-Jan-2024 | BoB launches seven current account products for diverse business segments | <p style="text-align: justify;">Bank of Baroda (BoB) has launched a comprehensive Current Account Package with seven new differentiated Current Account products. Each current account product has been specially curated to meet the specific business banking needs of different business segments, empowering customers and giving a boost to their businesses. </p><p style="text-align: justify;">The newly launched bob Current Accounts are: bob Lite (aimed at individuals/sole proprietorships/small businesses), bob Women Power (for women entrepreneurs), bob Smart (aimed at businesses largely conducting digital transactions), bob Gold (for medium-sized businesses) and bob Platinum, bob Rhodium, and bob Diamond (for large businesses having high transactional requirements).</p><p style="text-align: justify;">These accounts come with features and value-added services based on the chosen account such as higher anywhere cash deposit limits, free Sound box with QR code and POS machine (with zero monthly rental), a bundled collateral-free overdraft facility with the current account, curated Baroda Cash Management Services for the higher account variants, in addition to lower monthly average balance requirements.</p><p style="text-align: justify;">Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.</p><div style="text-align: justify;"><br></div> |
