BANKBARODA

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

• REVISES ONE YEAR MCLR TO 9% FROM 8.95%, EFFECTIVE NOV 12

Source text: ID:nNSEc38bsb

Further company coverage: BOB.NS

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** Shares of Bank of Baroda BOB.NS climb 4.9% to 251.1 rupees

** Stock top gainer on PSU index .NIFTYPSU, which is up 2.9%

** State-owned lender beat Q2 profit estimates but lowered loan and deposit growth forecast for FY25

** High non-core income offset pressure from net interest margin (NIM), HSBC analysts say

** NIM moderation was lower than peers, analysts say

** Lender's slippages were steady vs rise seen among peers, Ambit Capital analysts say

** However, Morgan Stanley analysts flagged volatile loan growth due a high loan-to-deposit ratio, adding that the lender continues to lose deposit market share

** Stock up 8.5% YTD vs ~13% climb in PSU index

(Reporting by Kashish Tandon in Bengaluru)

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

• INDIA'S BANK OF BARODA CEO: REDUCING CREDIT GROWTH GUIDANCE TO 11-13% COMPARED TO 12-14% FOR FY25

• BANK OF BARODA CEO: REDUCING DEPOSIT GROWTH GUIDANCE TO 9-11% FOR FY25

• BANK OF BARODA CEO: WILL MAINTAIN NIMS AT AROUND 3.10-3.15%

• BANK OF BARODA CEO: EXPECT DROP IN DEPOSIT COSTS FOR Q3 AND Q4

• BANK OF BARODA CEO: CAN LOOK TO SLOW DOWN GROWTH IN CORPORATE LOANS TO PROTECT NIMS

• BANK OF BARODA CEO: BAD LOAN RECOVERY TARGET OF 120 BILLION RUPEES FOR FY25

• BANK OF BARODA CEO: BOOK NOT SHOWING MAJOR SIGNS OF STRESS FROM MICROFINANCE LOANS

Source text for Eikon: [ID:]

Further company coverage: BOB.NS

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Updates Factbox published on May 30 with recent RBI actions

By Jaspreet Kalra and Siddhi Nayak

MUMBAI, Oct 18 (Reuters) - The Reserve Bank of India's (RBI) increased scrutiny of banks and other financial firms has resulted in a spate of supervisory restrictions, most recently on four non-banking finance companies due to concerns related to loan pricing practices.

On Thursday, the RBI said Asirvad Micro Finance, Arohan Financial Services, DMI Finance and Navi Finserv are restricted from sanctioning and disbursing loans post Oct. 21.

The pricing policies of these non-banking financial companies (NBFC) and the interest spread they charged over their cost of funds were found to be excessive and not in adherence to regulations, the RBI said.

Since 2020, the RBI has placed business restrictions on many players. The following are some of its key actions:

HDFC BANK

In December 2020, the RBI ordered HDFC Bank to stop all launches of new digital products and issuance of new credit cards following multiple outages on the bank's digital banking channels.

The restrictions lasted until March 2022, which hindered the bank's business growth, contributing to underperformance of its stock compared to its peers.

BANK OF BARODA

In October 2023, the central bank barred state-run Bank of Baroda from adding customers to its mobile app, India's retail inflation accelerated to a nine-month high of 5.49% in September.

Al Jazeera reported that Bank of Baroda had linked mobile numbers of strangers to boost registrations on the application, compromising security.

The restriction was lifted in May after the bank rectified the deficiencies.

BAJAJ FINANCE

In November 2023, the RBI ordered India's largest NBFC, Bajaj Finance, to stop offering loans under two of its lending products.

The restrictions were levied due to non-adherence with the central bank's digital lending guidelines and were reversed in May.

PAYTM PAYMENTS BANK

At the end of January 2024, the RBI asked Paytm Payments Bank to wind down its operations by March 15 due to persistent compliance issues and supervisory concerns.

Reuters reported that the RBI's concerns stemmed largely from violations of rules on customer due diligence, use of funds and technology infrastructure.

IIFL FINANCE

In early March 2024, the RBI barred IIFL Finance, an NBFC, from offering gold loans, citing concerns about the lender's assessment of the gold collateral and violations of the maximum permitted loan-to-value ratio, among other issues.

The restrictions were lifted in September.

JM FINANCIAL

Also in March 2024, NBFC JM Financial was barred from giving out loans against shares and debentures due to regulatory violations and governance concerns.

The central bank said it found serious deficiencies in respect of loans sanctioned by the company for IPO financing. The non-bank lender continues to be barred from operating in the segment.

KOTAK MAHINDRA BANK:

In April, the RBI asked private lender Kotak Mahindra Bank to stop adding clients digitally and issuing credit cards citing to gaps in its IT infrastructure. The restrictions are still in effect.

EDELWEISS ASSET RECONSTRUCTION, ECL FINANCE:

In May, the RBI had barred Edelweiss Asset Reconstruction Co Ltd (EARCL) and non-banking firm ECL Finance (ECL) from acquiring financial assets or undertaking structured transactions, saying that the two entities engaged in "evergreening" distressed loans.

The restrictions continue to be in effect.

(Reporting by Jaspreet Kalra and Siddhi Nayak; Editing by Nivedita Bhattacharjee and Sonia Cheema)

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Oct 14 (Reuters) - Bank of Baroda [RIC:RIC:BOBXL.UL]:

• LASA SUPERGENERICS - DISPUTE WITH BANK OF BARODA SETTLED

• LASA SUPERGENERICS - ENTIRE SETTLED AMOUNT AGAINST CONCLUDED SETTLED SANCTION HAS BEEN PAID

• LASA SUPERGENERICS - DISPUTE OF CO WITH BANK OF BARODA FOR ALLEGED ECB DUES

• LASA SUPERGENERICS - RECEIVED NO DUES CERTIFICATE FROM BANK OF BARODA

Source text for Eikon: ID:nBSE1ht4mB

Further company coverage: BOBXL.UL

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

• BANK OF BARODA - MCLR UNCHANGED ACROSS ALL TENORS

Source text for Eikon: ID:nBSE3tHZqP

Further company coverage: BOB.NS

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** Shares of Bank of Baroda Ltd BOB.NS rise as much as 4.3% to 255.70 rupees

** The Indian lender says global advances grew by 11.60% YoY to 11.43 trln rupees ($136.2 bln), as of Sept 30, and global deposits up by 9.11% YoY

** Stock on track to gain for second week, if trend holds

** More than 27 mln shares traded, busiest day yet since Aug 5

** Mean rating of 29 analysts rating the stock is "buy"; their median PT is 290.50 rupees - LSEG data

** BOB stock up 3.5%, adding to YTD gains of ~9.9% so far, vs a ~7.2% gain in Nifty bank index .NSEBANK

($1 = 83.9340 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Oct 3 (Reuters) - BANK DHOFAR BKDB.OM:

• INTENTION TO ACQUIRE BANKING BUSINESS OF BANK BARODA -OMAN BRANCH

Source text for Eikon: ID:nMSM79866

Further company coverage: BKDB.OM

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MUMBAI, Sept 6 (Reuters) - India's Bank of Baroda BOB.NS has accepted bids worth 50 billion rupees ($595.98 million) for infrastructure bonds maturing in 10 years, three bankers said on Friday.

The state-run lender will pay an annual coupon of 7.26% on this issue and had called for bids earlier in the day, they said.

In August, the state-run bank had raised 50 billion rupees via infrastructure bonds maturing in 10 years at a coupon of 7.30%.

Here is the list of deals reported so far on Sept. 6:

*Size includes base plus greenshoe for some issues

($1 = 83.8950 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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MUMBAI, Sept 3 (Reuters) - India's Bank of Baroda BOB.NS plans to raise up to 50 billion rupees ($595.7 million), including a greenshoe of 30 billion rupees, through infrastructure bonds maturing in 10 years, three bankers said on Tuesday.

It is likely to invite coupon and commitment bids for the issue later this week, they said.

In August, the state-run bank had raised 50 billion rupees via infrastructure bonds maturing in 10 years at a coupon of 7.30%.

Here is the list of deals reported so far on Sept. 3:

*Size includes base plus greenshoe for some issues

($1 = 83.9290 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Varun H K)

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MUMBAI, Aug 26 (Reuters) - India's Bank of Baroda BOB.NS has accepted bids worth 50 billion rupees ($596.4 million) for infrastructure bonds maturing in 10 years, three bankers said on Monday.

The state-run bank had invited coupon and commitment bids from bankers and investors earlier in the day.

In December, Bank of Baroda raised 50 billion rupees via 10-year infrastructure bonds at a coupon of 7.68%.

Here is the list of deals reported so far on Aug. 26:

*Size includes base plus greenshoe for some issues

($1 = 83.8390 Indian rupees)

(Reporting by Bhakti Tambe and Dharamraj Dhutia)

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MUMBAI, Aug 22 (Reuters) - India's Bank of Baroda BOB.NS plans to raise 50 billion rupees ($595.84 million), including a greenshoe of 30 billion rupees, through sale of infrastructure bonds maturing in 10 years, three bankers said on Thursday.

The state-run bank has invited coupon and commitment bids from bankers and investors on Monday, they said.

In December, Bank of Baroda raised 50 billion rupees via 10-year infrastructure bonds at a coupon of 7.68%.

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

*Size includes base plus greenshoe for some issues

($1 = 83.9150 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman

)

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MUMBAI, Aug 19 (Reuters) - India's Bank of Baroda BOBXL.UL is planning to raise up to 50 billion rupees ($596 million), including a greenshoe of 30 billion rupees, by selling infrastructure bonds maturing in 10 years, three bankers said on Monday.

The state-run bank is likely to invites bids from bankers and investors next week, they said.

In December, Bank of Baroda raised 50 billion rupees via 10-year infrastructure bonds at a coupon of 7.68%.

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

*Size includes base plus greenshoe for some issues

($1 = 83.8860 Indian rupees)

(Reporting by Bhakti Tambe; Editing by Savio D'Souza)

(([email protected]))