Bank Of Baroda

Aug 21 (Reuters) - Bank of Baroda Ltd BOB.NS:

• CONCLUDED ISSUANCE OF ADDITIONAL $400 MILLION FIXED RATE NOTES

• NOTES HAVING ORIGINAL MATURITY OF 5 YEARS AND ORIGINAL COUPON OF 5.318% P.A.

Source text: ID:nBSE9RjcRd

Further company coverage: BOB.NS

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Aug 19 (Reuters) - Bank of Baroda Ltd BOB.NS:

• RESERVE BANK OF INDIA IMPOSED PENALTY OF 215,000 RUPEES

Source text: ID:nnAZN4TF8MY

Further company coverage: BOB.NS

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By Dharamraj Dhutia

MUMBAI, Aug 14 (Reuters) - India's Bank of Baroda BOB.NS has accepted bids worth $700 million through the sale of dual-tranche dollar-denominated debt at a narrower spread than previously indicated, similar to peer State Bank of India, two merchant bankers said on Friday.

BoB, India's second-largest state-run lender by assets, has accepted bids worth $400 million for three-year bonds and $300 million for five-year papers at a spread of 90 basis points and 100 bps over Treasuries, about 30 bps below the initial guidance.

The lender will pay a coupon of 5.1140% on the three-year issue and 5.3180% on the five-year papers, which will be payable semi-annually, it said in a notice to stock exchanges late on Thursday.

Market intelligence firm CreditSights sees the fair value of the notes at around 5 bps below SBI's paper as both banks are underpinned by central government support and have similar credit metrics.

This is the first time that BoB has tapped the dollar bond market in seven years. Indian banks have been rushing to the market after the Reserve Bank of India's swap facility, announced in June, made overseas borrowing cheaper.

SBI SBI.NS raised $500 million through a five-year issue at 5.25% coupon payable semi-annually earlier this week. The issue was sold at a spread of 88 bps over Treasuries, sharply lower than an earlier guidance of 120 bps, with bidding nearly touching $2.5 billion.

Private lenders HDFC Bank HDBK.NS, Axis Bank AXBK.NS and ICICI Bank ICBK.NS have also raised funds through dollar bonds since June at spreads tighter than their initial guidance.

BoB will use the proceeds towards various funding requirements, and the bonds will be rated 'BBB', 'BBB-' and 'BBB+' by S&P, Fitch Ratings and CareEdge Ratings, in line with the issuer's ratings.

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

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By Dharamraj Dhutia

MUMBAI, Aug 13 (Reuters) - India's Bank of Baroda BOB.NS is considering dollar funding, a day after its peer State Bank of India, the country's largest lender by assets, received strong demand for its foreign-currency bonds, two merchant bankers said on Thursday.

BOB, India's second largest state-run lender by assets, plans to raise funds through a dual-tranche bond issue maturing in three years and five years, and has provided initial guidance.

The bank has offered a spread of 120 basis points above U.S. Treasury for the three-year option and 130 bps on the five-year sale, the bankers added, requesting anonymity as they are not authorised to speak to media.

BOB did not reply to a Reuters email seeking comment.

"Ideally, they are eyeing $500 million through each maturity, but if the cutoffs are aggressive, they could choose to upsize one of the maturities," one of the bankers quoted above said.

Indian banks have been making a beeline for dollar issues after the Reserve Bank of India's swap facility announced in June made overseas borrowing cheaper.

State Bank of India SBI.NS on Wednesday raised $500 million through a five-year issue at 5.25% coupon payable semi-annually. The issue was sold at a spread of 88 bps over Treasuries, sharply lower from a guidance of 120 bps, with bidding nearly touching $2.5 billion.

Private peers such as HDFC Bank, Axis Bank and ICICI Bank also raised funds through dollar bonds in June and July.

Bank of Baroda will issue these papers through its branch in International Financial Service Centre Banking unit at GIFT City. The proceeds will be used towards funding requirements of the bank's head office as well as foreign branches, along with general corporate purposes.

The bonds will be rated BBB, BBB– and BBB+ by S&P, Fitch Ratings and CareEdge Ratings, in line with the issuer's ratings.

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

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Bank of Baroda's representatives were scheduled to attend Motilal Oswal's Annual Global Investor Conference in person on 18 August 2026, from 4pm to 5pm. The tentative participant list included Abakkus Asset Managers, Millennium Partners, MK Ventures, Fidelity International and Helios Capital, among other investors. Retail, agriculture and MSME lending accounted for 62.9% of the bank's domestic advances at the end of June. Its gross non-performing asset ratio was 1.99%, its net non-performing asset ratio 0.50% and its Common Equity Tier 1 ratio 13.90%.

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Bank of Baroda's representatives were scheduled to attend Emkay Global's Flagship Conference, Emkay Confluence 2026, on 12 August 2026 from 4pm to 5pm. The in-person session's tentative participant list included Axis Mutual Fund, ICICI Prudential AMC, Bandhan Mutual Fund, SBI Funds Management and other insurers and investment advisers. In the June 2026 quarter, the bank's domestic advances grew 16.1% year on year while deposits rose 14.7%. Retail, agriculture and MSME lending accounted for 62.9% of domestic advances.

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** Shares of Bank of Baroda BOB.NS down 1.23% at 241 rupees apiece, headed for biggest percentage fall in a week

** Reuters reported customer data from the state-run bank, along with internal documents, were leaked on the dark web

** Co noted in a statement posted late on July 27 that the incident has been identified as potential business email compromise

** BOB does not expect any material impact due to the leak

** YTD, shares down 18.6%

(Reporting by Saikeerthi in Bengaluru)

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July 27 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA - DISCLOSES CYBER-SECURITY INCIDENT

• BANK OF BARODA - ENGAGES CERT-IN EMPANELLED AGENCY FOR CYBER INCIDENT ASSESSMENT

• BANK OF BARODA - INCIDENT IDENTIFIED AS POTENTIAL BUSINESS EMAIL COMPROMISE; NO MATERIAL IMPACT EXPECTED

• BANK OF BARODA - DETAILED ASSESSMENT UNDERWAY; REMEDIAL AND PREVENTIVE MEASURES IMPLEMENTED

Source text: ID:nBSE1NyBjC

Further company coverage: BOB.NS

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Bank of Baroda paid USD 600 million (about ₹5,680 crore) to settle claims with the administrators of NMC Health, NMC Healthcare and NMC Holding, it said on Friday while reporting first-quarter results. The settlement, reached on 1 July 2026, resolves all disputes related to the insolvency of the UAE-based healthcare group without any admission of liability, and puts an end to proceedings in Abu Dhabi and London courts. The exceptional charge dragged down the lender's net profit for the quarter ended June to ₹1,278 crore; excluding the settlement, profit would have been ₹5,528 crore. The bank's global advances grew 17.4% year-on-year, gross bad loans eased to 1.99% of loans from 2.28% a year earlier, and its capital adequacy ratio stood at 16.30%. Net interest margin for the quarter was 2.77%, while domestic margin was 2.93%, and the bank maintained a provision coverage ratio of 93.28%.

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July 24 (Reuters) - Bank of Baroda Ltd BOB.NS:

• NET PROFIT 12.78 BILLION RUPEES

• GROSS NPA 1.99%

• INTEREST EARNED 332.11 BILLION RUPEES

• PROVISIONS & CONTINGENCIES 6.43 BILLION RUPEES

Source text: ID:nBSEc2y4B4

Further company coverage: BOB.NS

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

• BANK OF BARODA LTD - MCLR UNCHANGED ACROSS TENORS

Source text: ID:nBSE4QdT10

Further company coverage: BOB.NS

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July 3 (Reuters) -

• RESERVE BANK OF INDIA: RESERVE BANK OF INDIA IMPOSES MONETARY PENALTY ON BANK OF BARODA

• RBI: RESERVE BANK OF INDIA IMPOSES 6.4 MLN RUPEES MONETARY PENALTY ON BANK OF BARODA

• RBI: BANK OF BARODA COLLECTED INTEREST HIGHER THAN CONTRACTED RATE OF INTEREST, IN CERTAIN LOAN ACCOUNTS

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Bank of Baroda entered into an out-of-court settlement with the joint administrators of NMC Health PLC, NMC Healthcare Ltd and NMC Holding Ltd, resolving all claims between the parties. The bank will pay USD 600 million (approximately ₹5,700 crores) under the settlement agreement, without any admission of liability or wrongdoing. The settlement concludes the proceedings before the Abu Dhabi Global Market Court of First Instance and the High Court of Justice of England & Wales. The Abu Dhabi trial had commenced on 23 March 2026, and the English proceedings were stayed pending its outcome. Both cases have now been or are in the process of being discontinued. Bank of Baroda stated the settlement was made to bring the disputes to conclusion, avoiding prolonged litigation, uncertainty and associated costs.

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July 2 (Reuters) - Bank of Baroda Ltd BOB.NS:

• DOMESTIC ADVANCES UP 16.14% YOY AS OF JUNE 30

• DOMESTIC DEPOSITS AS OF JUNE 30 GREW BY 14.74% YOY

Source text: ID:nBSEbBKlJ

Further company coverage: BOB.NS

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, June 25 (Reuters) - Three Indian development finance institutions are planning to raise at least $1.5 billion through foreign-currency bank loans under the central bank's discounted overseas borrowing facility, three people familiar with the plans said.

The institutions are favouring loans over bonds because none has issued dollar debt before and the process is simpler, the sources added.

The National Bank for Agriculture and Rural Development (NABARD), the Small Industries Development Bank of India (SIDBI) and the National Bank for Financing Infrastructure and Development (NaBFID) are each seeking to raise at least $500 million through foreign-currency loans, with NaBFID the furthest along after initiating talks with lenders, an executive confirmed.

"We expect to raise up to $2 billion via ECBs in this financial year. At present, we are planning to raise $500 million through the ECB route, and we have already started our activity and are exploring in the market," NaBFID managing director Rajkiran Rai told Reuters.

"With the RBI window opening, ECBs work out much cheaper. For the loan, the landed cost could be in the range of 6.5%-7.0%, NaBFID's Rai added.

The institution had also raised $125 million via a smaller dollar loan tranche in March, the sources added.

The sources declined to be identified as they are not authorised to speak to the media. NABARD and SIDBI did not respond to Reuters' requests for comment.

NABARD and SIDBI, which have not yet tapped foreign funding, have initiated preliminary talks and could approach the market over the next 30 to 40 days, according to all the sources.

"There is a lengthy procedure involved in a debut dollar bond sale, and it is time-consuming. If an institution is not going to be a regular issuer like EXIM Bank, it makes little sense to choose bonds over loans," one of the sources said.

Based on the credit ratings, dollar loans may be just marginally expensive than bonds for now.

The Reserve Bank of India earlier this month allowed banks and state-run companies raising funds overseas to access a subsidised hedging facility, lowering the cost of managing currency risk as part of a broader effort to attract dollar inflows and support the rupee.

Since then, HDFC Bank HDBK.NS, Axis Bank AXBK.NS and Power Finance Corp PWFC.NS have raised a combined $1.85 billion through dollar bonds, while Bank of Baroda BOB.NS and State Bank of India SBI.NS are preparing for similar issues.

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

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By Dharamraj Dhutia

MUMBAI, June 17 (Reuters) - India's largest private lender, HDFC Bank HDBK.NS, has accepted bids worth $750 million for its planned dollar bonds, capitalising on the central bank's subsidised hedging window for overseas borrowings, three merchant bankers said on Wednesday.

The deal is the largest by an Indian lender since the State Bank of India's SBI.NS $750 million five-year bond sale in May 2023 and comes as SBI and Bank of Baroda BOB.NS line up similar overseas debt sales.

HDFC Bank priced its 5-year bond issue at 90 basis points over U.S. Treasuries, translating to a yield of 5.0670%.

After launching with guidance at 120 basis points over Treasuries, robust investor demand compressed the spread, bankers said.

The sources could not be named as they are not authorised to speak to the media. HDFC Bank did not reply to a Reuters email seeking comment.

Earlier this month, the RBI said external commercial borrowings by banks and state-run companies would qualify for a subsidised hedging facility, helping cut the cost of managing currency risk.

The step forms part of a wider RBI push to draw in dollar inflows and bolster the rupee.

"Considering the hedging discount, the all-in landed cost of funds for the bank should be around 7%," one of the bankers said.

Merchant bankers expect inflows of around $15 billion to $20 billion through the ECB route over the next six months.

Proceeds of the bond issue will be used to support overseas branches and subsidiaries, fund growth in offshore businesses and for general corporate purposes, bankers said, citing a term sheet.

The lender also has a call option due in August for a perpetual bond it had sold five years ago.

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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By Dharamraj Dhutia

MUMBAI, June 16 (Reuters) - India's largest private lender, HDFC Bank HDBK.NS, is looking to raise at least $500 million via dollar bonds this week, tapping the central bank's subsidised hedging window for overseas borrowings, three sources directly aware of the matter said on Tuesday.

The private bank's issue comes after Reuters reported that state-run lenders State Bank of India SBI.NS and Bank of Baroda BOB.NS were also in talks to raise dollars this way.

HDFC Bank's plans include a five-year bond issue, with an initial price guidance of 5-year U.S. Treasury yield plus 120 basis points, the sources said.

"The final cutoff should come below 100 bps over U.S. Treasury yields, as strong demand is expected in the book-building process," said one of the sources, adding the bank could decide to raise more than $500 million depending on demand.

The sources requested anonymity, as they are not authorised to speak to the media, while HDFC Bank did not reply to a Reuters query seeking comment.

Earlier this month, the Reserve Bank of India said that external commercial borrowings with an average maturity of at least three years by state-run companies and banks would qualify for a swap facility at a fixed rate of 1.5% per annum, compounded semi-annually.

The facility lowers hedging costs and helps cushion a fall in the rupee.

Merchant bankers expect inflows of around $15 billion to $20 billion through this route over the next six months.

The proceeds from HDFC Bank's bond issue will be used to meet the funding requirements of the bank's foreign branches and foreign subsidiaries, develop and expand business in the foreign offices and meet the bank's general corporate purposes, the sources said, citing a term sheet.

(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)

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By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, June 12 (Reuters) - State Bank of India SBI.NS and Bank of Baroda BOB.NS are set to become the first users of the Reserve Bank of India's subsidised hedging window for overseas borrowings, with plans to raise about $1 billion through five-year dollar bonds, three sources said on Friday.

The state-run lenders are each targeting around $500 million, the sources said.

Neither bank responded to Reuters requests for comment. The sources requested anonymity as they are not authorised to speak to media.

"Both the banks will aim to complete the issue before the end of this month, as they had been waiting for the central bank's facility to be formalised," one of the sources said.

The Reserve Bank of India said this week that external commercial borrowings with an average maturity of at least three years by state-run companies would qualify for a swap facility at a fixed rate of 1.5% per annum, compounded semi-annually.

The facility lowers hedging costs, making overseas borrowing cheaper for companies and banks.

"With 150 basis point of hedging discount, the all in landed cost for these lenders should be around 6.25%-6.50%, which is cheaper than their local cost of borrowing," another source said.

Merchant bankers expect inflows of around $15 billion to $20 billion through this route over the next six months.

In September 2025, SBI, the nation's lender had raised $500 million through five-year dollar denominated bonds at a coupon of 4.50% payable semi-annually.

While SBI has maturities of dollar bonds worth around $750 million coming up later this month and in July, Bank of Baroda currently has no outstanding dollar debt, according to financial data aggregator Cbonds.

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

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By Nikunj Ohri

NEW DELHI, May 18 (Reuters) - India's finance ministry directed state-run banks, insurers and financial institutions on Monday to implement cost-cutting measures, including sharp curbs on travel and a phased transition to electric vehicles, according to an order reviewed by Reuters.

The order, part of a broader austerity push, will cover institutions like the State Bank of India SBI.NS, Bank of Baroda BOB.NS and Life Insurance Corp of India LIFI.NS and million of their employees across the country.

Under the new measures, all meetings, reviews and consultations must be conducted via video conferencing unless physical presence is deemed essential, the order issued by the Department of Financial Services said.

Foreign travel by top executives of the organisations - including chairpersons, managing directors and chief executive officers - should be kept below prescribed limits, with overseas engagements to be attended virtually wherever possible, it said.

Separately, the government has asked the organisations to accelerate adoption of electric vehicles.

"All organisations may aim at replacing the petrol and diesel vehicles hired by them in their head offices and branch offices by electric cars as far as possible," the order said.

The move follows a call last week by Prime Minister Narendra Modi urging officials to follow austerity and exercise restraint in spending, as the government braces for the economic fallout from rising global tensions.

Prolonged Middle East conflict risks slowing growth, stoking inflation and straining the balance of payments, with the Indian rupee already at record lows as Asia's worst performer this year.

Several Indian states have directed employees to work from home two days a week as part of cost-cutting efforts.

(Reporting by Nikunj Ohri; Editing by Raju Gopalakrishnan)

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** Indian state-run lender Bank of Baroda BOB.NS posted on Friday Q4 profit beat aided by 12.9 billion rupees ($135.58 million) tax refund, recoveries from written-off accounts and lower operating expenses

** Shares rise 1.10% to 266.70 rupees to be top gainer on Nifty Bank index .NSEBANK, which is down about 1%

STRONGER LOAN GROWTH MAY HELP OFFSET MARGIN PRESSURE

** Citi ("buy"; TP: 340 rupees) says stronger loan growth guidance and stable asset quality could support earnings growth despite persistent core net interest margin pressure

** CLSA ("outperform"; TP: 335 rupees) expects healthy loan growth and easing stress formation to help offset margin compression in FY27

** Macquarie ("neutral"; TP: 280 rupees) says easing loan yields could continue to pressure margins, limiting earnings growth despite healthy loan expansion

** Morgan Stanley ("underweight"; TP: 225 rupees) says core profitability remains weak despite Q4 beat; sees limited room for return ratios to improve amid macro uncertainty, margin pressure

($1 = 95.1500 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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

• BANK OF BARODA LTD - RECOMMENDS DIVIDEND OF 8.50 RUPEES PER SHARE

• BANK OF BARODA Q4 NET PROFIT 56.16 BILLION RUPEES; IBES EST. 47.96 BILLION RUPEES

• BANK OF BARODA Q4 GROSS NPA 1.89%

• BANK OF BARODA Q4 INTEREST EARNED 326.42 BILLION RUPEES

• BANK OF BARODA Q4 PROVISIONS CONTINGENCIES 31.5 BILLION RUPEES

Source text: ID:nBSE3lgZym

Further company coverage: BOB.NS

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May 4 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - TO CONSIDER CAPITAL RAISING VIA ADDITIONAL TIER 1 AND/OR TIER 2 BONDS ON MAY 8, 2026

Source text: ID:nBSE6w9m2g

Further company coverage: BOB.NS

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April 23 (Reuters) - Bank of Baroda Ltd BOB.NS:

• BANK OF BARODA LTD - EXTENDS TENURE OF DEBADATTA CHAND AS MANAGING DIRECTOR AND CEO FOR THREE YEARS

Source text: ID:nBSE2gvVQq

Further company coverage: BOB.NS

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

• BANK OF BARODA LTD - RECEIVED A TAX DEMAND ORDER OF 4.57 BILLION RUPEES

Source text: ID:nBSE1LTZPs

Further company coverage: BOB.NS

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March 17 (Reuters) - Mangalam Drugs And Organics MADR.NS:

• DEFAULTED ON LOAN OBLIGATIONS TO BANK OF BARODA, BANK OF MAHARASHTRA

Source text: ID:nnAZN4SLOGL

Further company coverage: BMBK.NS

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

• INCORPORATED SUBSIDIARY BOB SECURITIES & GILTEDGE

Source text: ID:nBSEqjrzH

Further company coverage: BOB.NS

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

• BANK OF BARODA LTD - KEEPS ONE YEAR MCLR UNCHANGED WITH EFFECT MARCH 12

Source text: ID:nBSE7xkgDZ

Further company coverage: BOB.NS

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

• ISSUES AND ALLOTS BONDS

• ISSUE SIZE 100 BILLION RUPEES

Source text: ID:nBSE3nQdtD

Further company coverage: BOB.NS

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MUMBAI, March 4 (Reuters) - India's Bank of Baroda BOB.NS has accepted bids worth 100 billion Indian rupees ($1.08 billion) for green infrastructure bonds maturing in seven years, three bankers said on Wednesday.

The state-run lender will pay an annual coupon of 7.10% and had invited coupon and commitment bids for the issue earlier in the day, they said.

Green bonds are used to finance infrastructure projects that deliver environmental benefits.

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

Here is the list of deals reported so far on March 4:

*Size includes base plus greenshoe for some issues

($1 = 92.2400 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)

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MUMBAI, Feb 27 (Reuters) - India's Bank of Baroda BOB.NS plans to raise 100 billion rupees ($1.1 billion) through the sale of green infrastructure bonds maturing in seven years, three bankers said on Friday.

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

Green bonds are used to finance infrastructure projects that deliver environmental benefits.

Here is the list of deals reported so far on February 27:

*Size includes base plus greenshoe for some issues

($1 = 90.9490 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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