BANKBARODA

** Shares of state-owned lender Bank of Baroda BOB.NS rise as much as 3.07% to 272.05 rupees, a 15-month high

** BOB is top gainer in public sector bank index .NIFTYPSU, which is up 0.5%

** Global business of BOB rises 10.47% year-on-year to 27.79 trillion rupees ($313.05 billion), as of September 30, 2025

** Global advances and deposits jump 11.9% and 9.28% Y/Y to 12.79 trillion rupees and 15 trillion rupees, respectively

** The growth trends in both loans and deposits improved in compared to the previous quarter, says Ankit Bihani, analyst at Nomura

** Average rating of 32 analysts tracking BOB is a "buy"; the median price target is 280 rupees - data compiled by LSEG

** BOB up 10% YTD, lagging the 16% rise in NIFTYPSU

($1 = 88.7710 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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By Dharamraj Dhutia

MUMBAI, Oct 3 (Reuters) - At least four major state-owned Indian banks have increased their internal limits for investing in state bonds following discussions with the Reserve Bank of India last month, according to five treasury officials aware of the decisions.

Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS and Union Bank of India UNBK.NS - among India's top five government-owned lenders by assets - have raised their investment caps by 5 to 20 percentage points, the sources said.

"Most of the top five-six banks barring one have raised the internal cap that they had set for taking exposure to state debt in treasury books after a round of consultations and meetings with the central bank," one of the officials said.

The sources requested anonymity as they are not authorised to speak to media. The banks did not respond to emailed queries.

Indian banks, including both private and public sector entities, are significant buyers of state-issued bonds, collectively holding nearly 36% of states' debt as of June, according to regulatory data.

BORROWING COST RELIEF

Indian states are projected to raise a record 12 trillion rupees ($135.2 billion) through bond issuances in the current financial year, with 7 trillion rupees expected between October and March.

Reduced buying by banks, insurers, and pension funds had driven yields on state bonds higher by 40 to 70 basis points during the three months ending September, with several auctions undersubscribed.

Market participants now anticipate improved bank participation at auctions, which could ease yields. Banks had also sought changes to the auction process to mitigate mark-to-market losses on their portfolios.

($1 = 88.7600 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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Sept 5 (Reuters) - Bank of Baroda Ltd BOB.NS:

• ANIL AMBANI CATEGORICALLY DENIES ALL ALLEGATIONS, CHARGES MADE BY BANK OF BARODA - STATEMENT

Source text: [ID:]

Further company coverage: BOB.NS

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Aug 11 (Reuters) - Bank of Baroda Ltd BOB.NS:

• ONE YEAR MCLR REVISED TO 8.80% EFFECTIVE AUGUST 12

Further company coverage: BOB.NS

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July 25 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA EXEC: TARGETING 9-10% GROWTH FOR FULL YEAR IN CORPORATE LOANS

Source text: [ID:]

Further company coverage: BOB.NS

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By Ashwin Manikandan

July 18 (Reuters) - India's central bank is close to finalising rules for banks and financial institutions to disclose and manage risks from climate change, three sources aware of the matter said.

The move runs counter to several top global banks including JP Morgan, Citibank, Morgan Stanley and HSBC, which have decided to scale back their climate commitments with the re-election of climate-sceptic U.S. President Donald Trump being seen as a trigger.

Getting a better idea of how, and to what extent, money is flowing to green investments is a central part of global efforts to move to a low-carbon economy, with countries from the UK to Japan making such disclosures mandatory.

The Indian central bank's norms, which have been in the works since 2022, are expected to ask banks and financial institutions to make regular disclosures about climate-related risks in their loan portfolios along with mitigation strategies and targets, the sources said.

The disclosures are likely to be on a voluntary basis from fiscal year 2027 and then mandatory from fiscal year 2028. India's financial year runs from April till March.

Banks will also be asked to conduct periodic stress tests to gauge the impact of adverse climate events such as floods, heatwaves and cyclones on borrowers and the economy, based on a guidance note which the central bank is also likely to issue soon, the sources added.

All three sources requested anonymity as they are not authorised to speak with media.

The RBI did not respond to an email from Reuters.

The central bank's decision to move forward with the rules has not been previously reported.

The Reserve Bank of India has previously recognised climate change as a source of major financial concern, and released a draft standard disclosure framework in February 2024 for public feedback.

“The signal from the central bank based on recent meetings is that the detailed norms are almost finalised and are expected very soon,” the first source said.

Many banks have already started collating data and setting targets to meet the disclosure standards, the source said.

Some large banks have put out tenders to bring in climate consultants to help them with the disclosures, according to public documents.

ASSESSING BORROWERS FOR CLIMATE RISK

The RBI's decision to move ahead with climate disclosures for its banks comes soon after India released a draft framework aimed at facilitating a greater flow of resources to climate-friendly sectors.

India is also gearing up to publish a new national emissions-reduction target ahead of the next round of global climate talks in Brazil in November.

India, the world's third largest polluter behind China and the United States, currently aims to achieve a net zero emissions target by 2070.

As part of the central bank's climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms.

Such disclosures are expected to be included in their financial statements.

Separately, the central bank has also shared a 52-page draft note with large banks, a copy of which Reuters has reviewed, prescribing a methodology to forecast and analyse the impact of adverse climate events as well as transition risks on borrowers' ability to repay loans.

The transition risks are those which emerge from the changing consumer behaviour, policy and technology changes, as the world moves towards a low-carbon economy, as per the note.

While banks are preparing to disclose climate risk embedded in their loan portfolios, they do not expect these disclosures to impact loan pricing in the short term.

"As of now we don't have enough granular data to reliably price in these risks in our portfolios, but the long-term approach could be in that direction," said the second source, who is a banker at a state-owned lender.

(Reporting by Ashwin Manikandan; Editing by Ira Dugal and Kim Coghill)

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July 8 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - EMPLOYEE UNIONS HAVE SERVED NOTICE OF STRIKE TO INDIAN BANKS' ASSOCIATION FOR JULY 9

• BANK OF BARODA- IN EVENT STRIKE MATERIALIZES, FUNCTIONING OF BRANCHES, OFFICES MAY BE AFFECTED

Source text: [ID:]

Further company coverage: BOB.NS

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July 3 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - GLOBAL DEPOSITS GREW BY 9.13% YOY TO 14.36 TRILLION RUPEES AS OF 30TH JUNE 2025

• BANK OF BARODA LTD - GLOBAL ADVANCES AS ON JUNE 30 UP 12.63% Y/Y

Source text: ID:nBSE2WRxF0

Further company coverage: BOB.NS

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May 26 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - L SRIDHAR INUMELLA V APPOINTED AS CFO

Source text: ID:nBSE9GZXpp

Further company coverage: BOB.NS

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April 10 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - ONE YEAR MCLR REMAINS UNCHANGED AT 9.00%

Source text: ID:nBSE5vbK2

Further company coverage: BOB.NS

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** Bank of Baroda BOB.NS largely resists sell-off in Nifty PSU Bank index .NIFTYPSU; down 0.7% to 240 rupees

** Stock among smallest losers on NIFTYPSU, which is down ~2%

** UBS upgrades to "buy" from "neutral"; raises TP to 290 rupees from 270 rupees

** Says improving loan growth outlook aiding earnings growth despite bank's poor performance in past quarters on weak net interest income growth

** Expects 12% loan growth over FY25-FY27, with modest net interest margin compression

** Adds BOB corrected 16% in last one year, making its valuations attractive

** Stock rated "buy" on avg; median PT is 272.50 rupees, per data compiled by LSEG

** BOB down 2.7% YTD

(Reporitng by Nishit Navin)

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** Shares of Bank of Baroda BOB.NS up 2.6% at 237.60 rupees

** Bank's global advances grew 12.9% y/y to 12.31 trln rupees ($143.9 bln) as of March 31, as per provisional figures

** Global deposits rose 10.3% y/y to 14.72 trln rupees as of March 31

** Stock set to gain for third straight session

** BOB down ~1% YTD

($1 = 85.5440 Indian rupees)

(Reporting by Vijay Malkar)

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** Shares of state-owned lender Bank of Baroda BOB.NS rise 5% to 231.3 rupees

** BOB is the top gainer in public sector bank index .NIFTYPSU, which is up 2.5%

** Citi Research reiterates "buy" on BOB and expects share price to gain 36.3% in the next three months

** Says BOB's advances growth will be at the higher end of the guidance and net interest margins will stabilise

** Expects BOB's loan growth to sustain its momentum, while slippages are expected to be under control due to minimal corporate street and favourable rural demand

** The average rating of 29 analysts tracking BOB is "buy"; the median price target is at 274 rupees

** BOB shares are down 4% in 2025 so far, mirroring the drop in NIFTYPSU

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

March 10 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD ONE-YEAR MCLR REMAINS UNCHNAGED AT 9%

Source text: ID:nBSE9gwH5c

Further company coverage: BOB.NS

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Feb 13 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA - FUND RAISE BY WAY OF COMMON EQUITY CAPITAL BY VARIOUS MODES INCLUDING QIP

• BANK OF BARODA - APPROVES CAPITAL RAISING UP TO 85 BILLION RUPEES

Further company coverage: BOB.NS

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Feb 11 (Reuters) - Bank of Baroda Ltd BOB.NS:

• ONE YEAR MCLR REMAINS UNCHANGED AT 9.00%

Source text: ID:nBSE2fgdjM

Further company coverage: BOB.NS

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Feb 3 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - TO CONSIDER THE CAPITAL RAISING

• BANK OF BARODA -TO CONSIDER CAPITAL RAISING VIA COMMON EQUITY CAPITAL BY VARIOUS MODES INCLUDING QIP

Source text: ID:nBSE7J7qZM

Further company coverage: BOB.NS

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** Shares of Bank of Baroda BOB.NS fall 3.4% to 214.9 rupees

** State-run lender's Q3 net interest margin (NIM) drops to 2.94% from 3.1% a year before

** Stock biggest loser among bank stocks .NSEBANK, which is up 0.3%

** Motilal Oswal downgrades stock to "neutral" citing limited scope for earnings growth, flags dependence on bulk deposits and its high credit-deposit ratio

** Around 32 mln shares traded, 3.1x stock's 30-day avg volume

** Analysts rate stock "buy" on avg, but 19 lower PTs; median drops to 274 rupees from 291 rupees last month - LSEG

** Stock down ~11% in January, the biggest loser on bank stocks index, which is down about 3%

(Reporting by Nandan Mandayam in Bengaluru)

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Jan 30 (Reuters) - Bank of Baroda Ltd BOB.NS:

• Q3 NET PROFIT 48.37 BILLION RUPEES; IBES PROFIT EST. 43.84 BILLION RUPEES

• Q3 GROSS NPA 2.43%

• Q3 INTEREST EARNED 309.08 BILLION RUPEES

• Q3 PROVISIONS & CONTINGENCIES 10.82 BILLION RUPEES

Source text: [ID:]

Further company coverage: BOB.NS

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Corrects paragraph 4 to say Go First filed for bankruptcy in May 2023, not May last year

Jan 20 (Reuters) - An Indian tribunal has ordered the liquidation of Go First Airways after a request from the cash-strapped airline's lenders, CNBC-TV18 reported on Monday.

Go First Airways did not immediately respond to a Reuters request for comment.

In August, Go First's lenders had decided to liquidate the company's assets after rejecting bids by interested suitors to revive the bankrupt airline, Reuters had reported, citing sources.

Go First had filed for bankruptcy in May 2023 and received two financial bids under the bankruptcy process, with one of them raising their offer after a push by lenders.

The budget carrier owes a total of 65.21 billion rupees ($781.14 million) to its creditors, which include Central Bank of India CBI.NS, Bank of Baroda BOB.NS, IDBI Bank IDBI.NS and Deutsche Bank DBKGn.DE.

Foreign aircraft lessors of Go First were locked in a tussle with the company after they were blocked from repossessing planes due to a moratorium imposed by Indian courts. However, a local court, in April, allowed them to take back their planes.

(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)

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MUMBAI, Jan 15 (Reuters) - India's Bank of Baroda BOB.NS has accepted bids worth 50 billion rupees ($578.79 million) for infrastructure bonds maturing in 10 years, three bankers said on Wednesday.

The state-run lender will pay an annual coupon of 7.23% on this issue and had invited coupon and commitment bids earlier in the day, they said.

In September, it had raised 50 billion rupees through 10-year infrastructure bonds at a 7.26% coupon.

The lender did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 15

*Size includes base plus greenshoe for some issues

($1 = 86.3875 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala
Editing by)

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MUMBAI, Jan 13 (Reuters) - India's Bank of Baroda BOB.NS plans to raise 50 billion rupees ($580.7 million), including a greenshoe option of 30 billion rupees, by selling infrastructure bonds maturing in 10 years, three bankers said on Monday.

The state-run lender has invited coupon and commitment bids for the issue on Wednesday, they said.

In September, it had raised 50 billion rupees through 10-year infra bonds at a 7.26% coupon.

The lender did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Jan. 13:

*Size includes base plus greenshoe for some issues

($1 = 86.1090 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

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Jan 10 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - MAINTAINS ONE YEAR MCLR AT 9%

Source text: ID:nBSEYh9lj

Further company coverage: BOB.NS

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** Shares of Vakrangee VAKR.NS rise as much as 5.1% to 34.76 rupees

** The tech firm on Monday said it has renewed a deal with Bank of Baroda BOB.NS to continue offering business correspondent banking and financial inclusion services across India via its outlets

** Vakrangee has physical outlets located at village locations that serve as a one-stop shop for a variety of banking services

** Stock rose 80.1% in 2024, snapping three straight years of loss

(Reporting by Ashish Chandra in Bengaluru)

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Jan 3 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD- GLOBAL DEPOSITS UP 11.8% Y/Y FOR QUARTER ENDING DEC. 31

• BANK OF BARODA - GLOBAL ADVANCES GREW BY 11.65% YOY AS OF DEC 31

Source text: ID:nBSEbFlPFg

Further company coverage: BOB.NS

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Dec 20 (Reuters) - Tata Consultancy Services Ltd TCS.NS:

• TCS - EXPANDS DEAL WITH BANK OF BARODA

• TATA CONSULTANCY SERVICES LTD - TO DEPLOY FINANCIAL INCLUSION GATEWAY SOLUTION FOR BANK OF BARODA

• TATA CONSULTANCY SERVICES LTD - EXPANDS PARTNERSHIP WITH BANK OF BARODA FOR FIVE YEARS

Source text: [ID:]

Further company coverage: TCS.NS

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Dec 13 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - TO CONSIDER RAISING LONG-TERM BONDS

• BANK OF BARODA: CONSIDERING LONG-TERM BONDS TO FINANCE INFRASTRUCTURE, AFFORDABLE HOUSING

Source text: ID:nBSE7fy7b4

Further company coverage: BOB.NS

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Dec 11 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA ONE-YEAR MCLR REMAINS UNCHANGED AT 9%

Source text: ID:nnAPN2FQTKM

Further company coverage: BOB.NS

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MUMBAI, Nov 22 (Reuters) - India's Bank of Baroda BOB.NS plans to raise 35 billion rupees ($414.60 million), which includes a 25 billion rupee greenshoe option, through the sale of Basel III-compliant Tier II bonds maturing in 15 years, three bankers said on Friday.

The state-run lender has invited coupon and commitment bids from bankers and investors for Wednesday, the bankers added.

The bonds have a call option at the end of 10 years, they said.

The bank did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 22

*Size includes base plus greenshoe for some issues

($1 = 84.4190 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)

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MUMBAI, Nov 19 (Reuters) - India's Bank of Baroda BOB.NS is likely to raise up to 35 billion rupees ($414.70 million) through the sale of Basel III compliant Tier II bonds maturing in 15 years, three bankers said on Tuesday.

The state-run lender is expected to invite bids for the bond issue, which will have a call option at the end of 10 years, before the end of this month, the bankers added.

The bank did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 19:

*Size includes base plus greenshoe for some issues

($1 = 84.3980 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

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