In a relief for several thousand home buyers, the Supreme Court on Monday directed the consortium of banks to follow the footsteps of Bank of Baroda, which has issued a sanction order to grant funding for the stalled Amrapali housing
New Delhi, Feb 7 (IANS) Shares of some banks in the PSU segment swam against the current on Monday and traded sharply in the green on the back of improved asset quality in terms of NPAs, said analysts. Also, the Centre
Mumbai, Feb 6 (IANS) Bank of Baroda on Saturday reported that its standalone net profit for the third quarter of FY22 doubled on a year-on-year basis. Accordingly, the net profit rose to Rs 2,197 crore from Rs 1,061 crore during the
Mumbai, Nov 11 (IANS) State-run lender Bank of Baroda on Wednesday reported a rise of 24.39 per cent in its Q2FY22 net profit on a year-on-year basis. Itse net profit rose to Rs 2,088 crore from Rs 1,679 crore reported for
Mumbai, Oct 19 (IANS) Moody’s has revised the outlook for the Indian banking system to stable from negative suggesting that the deterioration of asset quality since the onset of the coronavirus pandemic has been moderate and an improving operating environment will
New Delhi, March 16 Bank of Baroda, India’s third largest public sector bank, on Monday reduced Baroda Repo Linked Lending Rate (BRLLR) from 6.85 per cent to 6.75 per cent, effective from March 15. The cut is expected to impact
New Delhi, March 4 Bank of Baroda (BoB), the lead lender of Reliance Home Finance Limited representing 34 banks and institutions has dragged SP Group to Delhi High Court. BoB alleges that SP Group has refused to join the resolution
Mumbai, Jan 28 State-owned lender Bank of Baroda on Wednesday reported a net profit of Rs 1,061 crore for the third quarter of FY21. The bank had posted a net loss of Rs 1,407 crore during the corresponding period of
New Delhi, Nov 01 Bank of Baroda, India’s third largest public sector bank, announced a reduction in Baroda Repo Linked Lending Rate (BRLLR) from seven per cent to 6.85 per cent. The rate cut would be effective from November 1,
New Delhi, Sep 19 The Bank of Baroda on Friday announced three new initiatives towards improving credit penetration in farm mechanisation. The initiatives are focused on providing better financial service to farmers and empowering them towards farm mechanisation, the bank said
Mumbai, Aug 15 The Securities and Exchange Board of India (SEBI) on Friday imposed penalties of Rs 10 lakh each on the State Bank of India (SBI), the Life Insurance Corp of India (LIC) and the Bank of Baroda (BoB)
New Delhi, June 22 After downgrading India’s outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative. The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable
New Delhi, June 10 State-run lender Bank of Baroda on Wednesday said that it will reduce its benchmark lending rate across various tenors by 15 basis points. Accordingly, the bank will reduce its marginal cost of funds based lending rates
New Delhi, April 8 In the wake of COVID-19 pandemic, public sector lender Bank of Baroda has launched “Baroda Personal Loan COVID 19” for its existing retail loan customers (home loan, auto loan & loan against property). It will help
New Delhi, Jan 4 State-owned Bank of Baroda has raised Rs 920 crore by issuing Basel III compliant bonds on private placement basis. The issue opened on Thursday and closed the same day, saw a total of 11 allottees through
Mumbai, July 26 State-run lender Bank of Baroda on Thursday reported a consolidated net profit of Rs 710 crore for the first quarter of 2019-20, against a net loss of Rs 49 crore in the corresponding period of the previous
Bengaluru, April 2 As the parent bank post-merger, the public sector Bank of Baroda (BoB) on Monday assured employees of Vijaya Bank, which was also state-run, of job protection and security. “Interests of all Vijaya Bank employees will be protected
Mumbai, April 1 Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came
New Delhi, March 23 The Bank of Baroda may get Rs 5,000 capital infusion from the Finance Ministry ahead of its united operations as a merged entity along with the Vijaya Bank and Dena Bank from April 1. In February,
Mumbai, Jan 30 State-run lender Bank of Baroda on Tuesday reported a robust rise of 320.54 per cent in its standalone net profit for the third quarter of 2018-19. According to the lender, the net profit during the quarter under
