During the last financial the bank recorded a credit growth of 16 percent.
Emkay Global Financial is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 230 in its research report dated May 17, 2023.
Prabhudas Lilladher is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 235 in its research report dated May 17, 2023.
Motilal Oswal is bullish on Bank of Baroda recommended buy rating on the stock with a target price of Rs 240 in its research report dated May 16, 2023.
Bank of Baroda's net profit has nearly doubled in the past four quarter, helping the lender register its highest ever annual profit of Rs 14,110 crore in FY23.
The bank lent Rs 1,430 crore to the cash-strapped airline, which filed for voluntary insolvency earlier in May.
The public-sector lender reported a 168 percent jump in net profit for the quarter ended March 31, 2023 to Rs 4,775 crore.
Its net interest income came in at Rs 11,525 crore, rising 33.8 percent
Karnatak replaces Atanu Kumar Das who completed his three-year term in January this year.
His appointment to the top post is for a period of three years with effect from the date of assumption of office on or after 01.07.2023, or until further orders, whichever is earlier, Bank of Baroda said in a regulatory filing.
Both directors have been held on complaints of 34 homebuyers who have not got possession of homes they booked in the projects of Nirmal Lifestyle.
Bank of Baroda is trading within the big symmetrical triangle, which adjoins major swing highs and lows since December 2022. The stock is on the verge of breaking out from the symmetrical triangle.
The 17,600 level is expected to be crucial for further direction of the Nifty50 going forward and, if the index manages to hold the 17,500-17,600 area, then 18,000 can be a possibility in coming sessions, experts said
Primary trend of Ugar Sugar Works has been bullish, as stock is holding above long-term moving averages.
The board, which meets on April 21, will also take into consideration the options of raising the fund through certificates of deposits or other borrowings
Net Interest Income (NII) is expected to increase by 32.3 percent Y-o-Y (up 5.3 percent Q-o-Q) to Rs. 11,390.5 crore, according to Motilal Oswal.
As many as 2,183 shares advanced, 1,260 declined and 109 were unchanged as the benchmark indices gained around 0.5 percent
Punjab & Sind Bank was the biggest gainer in the PSU Bank index, zooming 6.15 percent, followed by Bank of Baroda, UCO Bank, Union Bank of India, Central Bank of India and Canara Bank
The state-owned lender has revised its overnight and 1-year Marginal Cost of Funds Based Lending Rate (MCLR) by 5 bps, effective April 12
The funds will support the airline’s efforts to expand into both domestic and international markets with leased aircraft and new planes. A part of the borrowing is also likely to be used to fund the voluntary retirement scheme payouts
Interest rates have also been hiked on the Baroda Tax Savings Term Deposit as well as Baroda Advantage Fixed Deposit, a non-callable retail term deposit scheme.
Among IT names, shares of Tech Mahindra, Coforge, LTIMindtree and HCL Technologies were the top buys
BOB currently holds 100 per cent of the total equity share capital of BFSL.
The bank has also reduced its MSME loan interest rates starting at 8.40 percent.
Further, the bank also reduced its MSME loan interest rates starting at 8.40 per cent.