Bank Of Baroda
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** State-owned lender Bank of Baroda's shares BOB.NS fall as much as 3.94% to 250 rupees apiece, a three-month low
** Drop comes after BOB says on Thursday that it agreed to a $600 million settlement with the administrators of NMC Healthcare, bringing a long-running dispute to a close
** Analysts at Kotak say this is a legacy corporate non-performing loan issue rather than a broader sector concern, retains "add" citing inexpensive valuations, but cuts financial year 2027 earnings estimates by 15%
** UBS analysts say litigation settlement remains a near-term negative for BOB and flag sequential decline in loans and deposits in June quarter as a concern
** Average rating of 33 analysts tracking BOB is "buy"; median price target 314.5 rupees, data compiled by LSEG show
** BOB shares are down 15% YTD, underperforming 1.3% drop in Nifty PSU bank index .NIFTYPSU, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** State-owned lender Bank of Baroda's shares BOB.NS fall as much as 3.94% to 250 rupees apiece, a three-month low
** Drop comes after BOB says on Thursday that it agreed to a $600 million settlement with the administrators of NMC Healthcare, bringing a long-running dispute to a close
** Analysts at Kotak say this is a legacy corporate non-performing loan issue rather than a broader sector concern, retains "add" citing inexpensive valuations, but cuts financial year 2027 earnings estimates by 15%
** UBS analysts say litigation settlement remains a near-term negative for BOB and flag sequential decline in loans and deposits in June quarter as a concern
** Average rating of 33 analysts tracking BOB is "buy"; median price target 314.5 rupees, data compiled by LSEG show
** BOB shares are down 15% YTD, underperforming 1.3% drop in Nifty PSU bank index .NIFTYPSU, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
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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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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** Shares of Bank of Baroda BOB.NS fall as much as 4.4%, now trading 3.7% lower at 261.6 rupees
** Co enters out-of-court settlement agreement with NMC Health PLC, NMC Healthcare and NMC Holding regarding UK insolvency law and UAE civil proceedings
** BOB to pay $600 mln under settlement agreement
** Stock set to fall for a fifth straight session, on track for its worst session since March 30
** Avg rating of 33 analysts is "buy" and median PT is 314.5 rupees - data compiled by LSEG
** YTD, BOB down ~11.5%, while Nifty Bank index .NSEBANK down ~3%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Bank of Baroda BOB.NS fall as much as 4.4%, now trading 3.7% lower at 261.6 rupees
** Co enters out-of-court settlement agreement with NMC Health PLC, NMC Healthcare and NMC Holding regarding UK insolvency law and UAE civil proceedings
** BOB to pay $600 mln under settlement agreement
** Stock set to fall for a fifth straight session, on track for its worst session since March 30
** Avg rating of 33 analysts is "buy" and median PT is 314.5 rupees - data compiled by LSEG
** YTD, BOB down ~11.5%, while Nifty Bank index .NSEBANK down ~3%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
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)
(([email protected];))
** 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)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
** 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)
(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];;))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
March 13 (Reuters) - Bank of Baroda Ltd BOB.NS:
INCORPORATED SUBSIDIARY BOB SECURITIES & GILTEDGE
Source text: ID:nBSEqjrzH
Further company coverage: BOB.NS
(([email protected];;))
March 13 (Reuters) - Bank of Baroda Ltd BOB.NS:
INCORPORATED SUBSIDIARY BOB SECURITIES & GILTEDGE
Source text: ID:nBSEqjrzH
Further company coverage: BOB.NS
(([email protected];;))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of Baroda | 10 years | 7.10 | 100 | March 4 | AAA (Icra, Care) |
Torrent Power | 8 years | 7.97 | 6.80 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 9 years | 7.97 | 6.75 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 years | 7.97 | 6.45 | March 6 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 92.2400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of Baroda | 10 years | 7.10 | 100 | March 4 | AAA (Icra, Care) |
Torrent Power | 8 years | 7.97 | 6.80 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 9 years | 7.97 | 6.75 | March 6 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 years | 7.97 | 6.45 | March 6 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 92.2400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of Baroda | 7 years | To be decided | 50+50 | March 4 | AAA (Icra, Care) |
NABARD | 3-year and 1-month | 7.10 | 50.55 | February 27 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.9490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bank of Baroda | 7 years | To be decided | 50+50 | March 4 | AAA (Icra, Care) |
NABARD | 3-year and 1-month | 7.10 | 50.55 | February 27 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.9490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Feb 26 (Reuters) - India's federal investigating agency said on Thursday it has opened a second criminal case against industrialist Anil Ambani and his company Reliance Communications RLCM.NS following a complaint from Bank of Baroda BOB.NS over alleged diversion of loans exceeding 22.20 billion rupees ($244.21 million).
The Central Bureau of Investigation said various documents related to the loan transactions have been recovered as part of its searches at Ambani's house and the company's offices.
The account books of Reliance Communications "were manipulated and irregularities concealed", the agency said.
A spokesperson for Anil Ambani, Reliance Group and Bank of Baroda did not immediately respond to Reuters requests for comment.
Last year, the agency opened its first criminal case against Ambani and the company based on a complaint from India's largest bank, State Bank of India SBI.NS, over alleged fraud.
($1 = 90.9070 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
Feb 26 (Reuters) - India's federal investigating agency said on Thursday it has opened a second criminal case against industrialist Anil Ambani and his company Reliance Communications RLCM.NS following a complaint from Bank of Baroda BOB.NS over alleged diversion of loans exceeding 22.20 billion rupees ($244.21 million).
The Central Bureau of Investigation said various documents related to the loan transactions have been recovered as part of its searches at Ambani's house and the company's offices.
The account books of Reliance Communications "were manipulated and irregularities concealed", the agency said.
A spokesperson for Anil Ambani, Reliance Group and Bank of Baroda did not immediately respond to Reuters requests for comment.
Last year, the agency opened its first criminal case against Ambani and the company based on a complaint from India's largest bank, State Bank of India SBI.NS, over alleged fraud.
($1 = 90.9070 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
(([email protected];))
Feb 10 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA - REVISES ONE YEAR MCLR TO 8.70%, EFFECTIVE FEB 12
Source text: [ID:]
Further company coverage: BOB.NS
(([email protected];))
Feb 10 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA - REVISES ONE YEAR MCLR TO 8.70%, EFFECTIVE FEB 12
Source text: [ID:]
Further company coverage: BOB.NS
(([email protected];))
Feb 9 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA LTD - NOTICE OF STRIKE BY AIBEA, AIBOA, AND BEFI
BANK OF BARODA LTD - STRIKE SCHEDULED FOR FEBRUARY 12, 2026
BANK OF BARODA LTD - FUNCTIONING OF BRANCHES MAY BE AFFECTED BY STRIKE
Source text: ID:nBSEcfXhQY
Further company coverage: BOB.NS
(([email protected];))
Feb 9 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA LTD - NOTICE OF STRIKE BY AIBEA, AIBOA, AND BEFI
BANK OF BARODA LTD - STRIKE SCHEDULED FOR FEBRUARY 12, 2026
BANK OF BARODA LTD - FUNCTIONING OF BRANCHES MAY BE AFFECTED BY STRIKE
Source text: ID:nBSEcfXhQY
Further company coverage: BOB.NS
(([email protected];))
VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding with Bank of Baroda to provide dealer invoice financing solutions for its exclusive dealer network. Under this agreement, Bank of Baroda will extend INR 200 crore in financing to VinFast dealers on flexible terms, supporting the expansion of VinFast’s network across India. The partnership aims to accelerate the adoption of electric vehicles by offering seamless credit solutions and leveraging Bank of Baroda’s extensive branch network and digital platforms. This collaboration is part of VinFast's strategy to strengthen its presence in the rapidly growing Indian EV market and promote sustainable transportation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vinfast Auto Ltd. published the original content used to generate this news brief on February 05, 2026, and is solely responsible for the information contained therein.
VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding with Bank of Baroda to provide dealer invoice financing solutions for its exclusive dealer network. Under this agreement, Bank of Baroda will extend INR 200 crore in financing to VinFast dealers on flexible terms, supporting the expansion of VinFast’s network across India. The partnership aims to accelerate the adoption of electric vehicles by offering seamless credit solutions and leveraging Bank of Baroda’s extensive branch network and digital platforms. This collaboration is part of VinFast's strategy to strengthen its presence in the rapidly growing Indian EV market and promote sustainable transportation.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vinfast Auto Ltd. published the original content used to generate this news brief on February 05, 2026, and is solely responsible for the information contained therein.
Jan 30 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA LTD - DEC-QUARTER NET PROFIT 50.55 BILLION RUPEES
BANK OF BARODA Q3 GROSS NPA 2.04%
BANK OF BARODA Q3 INTEREST EARNED 317.5 BILLION RUPEES
BANK OF BARODA Q3 PROVISIONS & CONTINGENCIES 7.99 BILLION RUPEES
Further company coverage: BOB.NS
(([email protected];))
Jan 30 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA LTD - DEC-QUARTER NET PROFIT 50.55 BILLION RUPEES
BANK OF BARODA Q3 GROSS NPA 2.04%
BANK OF BARODA Q3 INTEREST EARNED 317.5 BILLION RUPEES
BANK OF BARODA Q3 PROVISIONS & CONTINGENCIES 7.99 BILLION RUPEES
Further company coverage: BOB.NS
(([email protected];))
Jan 23 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA LTD - TO CONSIDER FUND RAISING VIA LONG TERM BONDS
Source text: ID:nBSE6FGYmG
Further company coverage: BOB.NS
(([email protected];))
Jan 23 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA LTD - TO CONSIDER FUND RAISING VIA LONG TERM BONDS
Source text: ID:nBSE6FGYmG
Further company coverage: BOB.NS
(([email protected];))
Jan 9 (Reuters) - Bank of Baroda Ltd BOB.NS:
MAINTAINS ONE YEAR MCLR AT 8.75%
Source text: ID:nnAZN4RTFO7
Further company coverage: BOB.NS
(([email protected];))
Jan 9 (Reuters) - Bank of Baroda Ltd BOB.NS:
MAINTAINS ONE YEAR MCLR AT 8.75%
Source text: ID:nnAZN4RTFO7
Further company coverage: BOB.NS
(([email protected];))
Adds Kotak Mahindra Bank's loan growth number in paragraph 10, shares as of close in paragraph 6; changes media packaging code
Credit growth improves at Indian banks in the December quarter
Loans accelerate 12% at HDFC Bank, 16% at Kotak Bank Y/Y
Deposit growth lagging, loan-to-deposit ratio at peak, Macquarie says
Jan 5 (Reuters) - Indian lenders such as HDFC Bank HDBK.NS, Kotak Mahindra Bank KTKM.NS and Bank of Baroda BOB.NS logged improved loan growth in the December quarter, data showed, signalling a rebound in credit demand in the world's fastest-growing major economy.
Overall loan growth had slowed sharply in mid-2025 due in part to stricter regulations, but recovered strongly since, with analysts citing festive period spending and the government's consumption tax cuts among factors pushing up growth.
Growth in bank credit decelerated to 9.9% year-on-year in the quarter ended June, data from central bank reports showed, from 11.1% in the quarter ended March. It grew 11.5% in November, the latest monthly data available showed.
"Overall systemic credit growth is showing signs of improvement, at 11.4% year-on-year now from a low of about 9% in May 2025," said brokerage Emkay in a note.
Within retail credit, secured gold loans and vehicle financing are emerging as key growth engines for now, Emkay added.
Since October, the Nifty Bank index .NSEBANK gained more than 10%, while the broader benchmark Nifty 50 .NSEI rose 7%. On Monday, the banking sub-index gave up initial gains to close 0.2% lower, against a 0.3% drop in Nifty 50.
Gross loans at HDFC Bank, India's top private lender, rose 11.9% in the December quarter, outpacing growth of 9.9% and 6.7% in quarters ended September and June, respectively.
The bank merged with its parent HDFC in July 2023, adding a significant pool of loans but a smaller volume of deposits. This created pressure for the lender to either raise deposits or ease loan growth.
Kotak Mahindra Bank reported a 16% rise in net advances for the quarter ended December 31 - its fastest growth so far in the current financial year. State-run Bank of Baroda's loan growth also rose, with global advances rising 14.6% as of December-end, up from 11.9% at the end of September and 12.6% at June-end.
Smaller peers CSB Bank CSBB.NS reported a 29% increase in gross advances in the quarter, while AU Small Finance Bank's AUFI.NS loans were up 24% in the same period.
Other marquee names such as ICICI Bank ICBK.NS, Axis Bank AXBK.NS and State Bank of India SBI.NS are yet to report numbers.
"Loan growth and deposit growth gap is widening again... and loan-to-deposit ratio at 81.6% is now at an all-time high," said Macquarie Research.
A persistent gap can inhibit banks' ability to cut deposit rates, the brokerage said.
($1 = 89.9940 Indian rupees)
India's Nifty Bank index's recent outperformance against Nifty 50 https://reut.rs/4pqFp6S
(Reporting by Hritam Mukherjee, Meenakshi Maidas and Nishit Navin; Editing by Sherry Jacob-Phillips, Janane Venkatraman and Harikrishnan Nair)
(([email protected];))
Adds Kotak Mahindra Bank's loan growth number in paragraph 10, shares as of close in paragraph 6; changes media packaging code
Credit growth improves at Indian banks in the December quarter
Loans accelerate 12% at HDFC Bank, 16% at Kotak Bank Y/Y
Deposit growth lagging, loan-to-deposit ratio at peak, Macquarie says
Jan 5 (Reuters) - Indian lenders such as HDFC Bank HDBK.NS, Kotak Mahindra Bank KTKM.NS and Bank of Baroda BOB.NS logged improved loan growth in the December quarter, data showed, signalling a rebound in credit demand in the world's fastest-growing major economy.
Overall loan growth had slowed sharply in mid-2025 due in part to stricter regulations, but recovered strongly since, with analysts citing festive period spending and the government's consumption tax cuts among factors pushing up growth.
Growth in bank credit decelerated to 9.9% year-on-year in the quarter ended June, data from central bank reports showed, from 11.1% in the quarter ended March. It grew 11.5% in November, the latest monthly data available showed.
"Overall systemic credit growth is showing signs of improvement, at 11.4% year-on-year now from a low of about 9% in May 2025," said brokerage Emkay in a note.
Within retail credit, secured gold loans and vehicle financing are emerging as key growth engines for now, Emkay added.
Since October, the Nifty Bank index .NSEBANK gained more than 10%, while the broader benchmark Nifty 50 .NSEI rose 7%. On Monday, the banking sub-index gave up initial gains to close 0.2% lower, against a 0.3% drop in Nifty 50.
Gross loans at HDFC Bank, India's top private lender, rose 11.9% in the December quarter, outpacing growth of 9.9% and 6.7% in quarters ended September and June, respectively.
The bank merged with its parent HDFC in July 2023, adding a significant pool of loans but a smaller volume of deposits. This created pressure for the lender to either raise deposits or ease loan growth.
Kotak Mahindra Bank reported a 16% rise in net advances for the quarter ended December 31 - its fastest growth so far in the current financial year. State-run Bank of Baroda's loan growth also rose, with global advances rising 14.6% as of December-end, up from 11.9% at the end of September and 12.6% at June-end.
Smaller peers CSB Bank CSBB.NS reported a 29% increase in gross advances in the quarter, while AU Small Finance Bank's AUFI.NS loans were up 24% in the same period.
Other marquee names such as ICICI Bank ICBK.NS, Axis Bank AXBK.NS and State Bank of India SBI.NS are yet to report numbers.
"Loan growth and deposit growth gap is widening again... and loan-to-deposit ratio at 81.6% is now at an all-time high," said Macquarie Research.
A persistent gap can inhibit banks' ability to cut deposit rates, the brokerage said.
($1 = 89.9940 Indian rupees)
India's Nifty Bank index's recent outperformance against Nifty 50 https://reut.rs/4pqFp6S
(Reporting by Hritam Mukherjee, Meenakshi Maidas and Nishit Navin; Editing by Sherry Jacob-Phillips, Janane Venkatraman and Harikrishnan Nair)
(([email protected];))
Dec 10 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA - GETS RBI APPROVAL TO HOLD SHARES IN EXCESS OF 30% IN PROPOSED INDIAN DIGITAL PAYMENT INTELLIGENCE CORPORATION
Source text: ID:nBSE664M0n
Further company coverage: BOB.NS
(([email protected];;))
Dec 10 (Reuters) - Bank of Baroda Ltd BOB.NS:
BANK OF BARODA - GETS RBI APPROVAL TO HOLD SHARES IN EXCESS OF 30% IN PROPOSED INDIAN DIGITAL PAYMENT INTELLIGENCE CORPORATION
Source text: ID:nBSE664M0n
Further company coverage: BOB.NS
(([email protected];;))
** 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)
(([email protected]; +91 9769003463;))
** 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)
(([email protected]; +91 9769003463;))
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)
(([email protected];))
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)
(([email protected];))
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Popular questions
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What does Bank Of Baroda do?
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. Moreover, the bank has a state-of-the- art technology and offers a wide range of alternate delivery channels such as net banking, mobile banking, e-lobbies etc. to ensure superior customer convenience.
Who are the competitors of Bank Of Baroda?
Bank Of Baroda major competitors are Union Bank Of India, PNB, Canara Bank, Indian Bank, IDBI Bank, Indian Overseas Bank, Bank of Maharashtra. Market Cap of Bank Of Baroda is ₹1,26,595 Crs. While the median market cap of its peers are ₹1,04,188 Crs.
Is Bank Of Baroda financially stable compared to its competitors?
Bank Of Baroda seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Bank Of Baroda pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bank Of Baroda latest dividend payout ratio is 22.15% and 3yr average dividend payout ratio is 21.31%
How has Bank Of Baroda allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Bank Of Baroda balance sheet?
Latest balance sheet of Bank Of Baroda is weak, and historically as well.
Is the profitablity of Bank Of Baroda improving?
The profit is oscillating. The profit of Bank Of Baroda is ₹19,846 Crs for Mar 2026, ₹20,716 Crs for Mar 2025 and ₹18,767 Crs for Mar 2024
Is Bank Of Baroda stock expensive?
Bank Of Baroda is not expensive. Latest PE of Bank Of Baroda is 6.26 while 3 year average PE is 7.34. Also latest Price to Book of Bank Of Baroda is 0.75 while 3yr average is 0.88.
Has the share price of Bank Of Baroda grown faster than its competition?
Bank Of Baroda has given better returns compared to its competitors. Bank Of Baroda has grown at ~5.95% over the last 10yrs while peers have grown at a median rate of 2.69%
Is the promoter bullish about Bank Of Baroda?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bank Of Baroda is 63.97% and last quarter promoter holding is 63.97%.
Are mutual funds buying/selling Bank Of Baroda?
The mutual fund holding of Bank Of Baroda is decreasing. The current mutual fund holding in Bank Of Baroda is 9.78% while previous quarter holding is 10.46%.