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Bank of Baroda Ltd (BOB.NS)

BOB.NS on National Stock Exchange of India

108.70INR
10:26am GMT
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Rs-0.70 (-0.64%)
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Rs191.85
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Latest Key Developments (Source: Significant Developments)

Bank Of Baroda To Consider Amalgamation With Vijaya Bank, Dena Bank
Tuesday, 18 Sep 2018 

Sept 18 (Reuters) - Bank Of Baroda ::RECEIVED A COMMUNICATION FROM MINISTRY OF FINANCE, GOVERNMENT OF INDIA REGARDING AMALGAMATION WITH VIJAYA BANK, DENA BANK.MEETING OF BOARD OF DIRECTORS TO CONSIDER AMALGAMATION WILL BE CONVENED BY BANK SHORTLY.  Full Article

Spacenet Enterprises India ‍​Approves Sale Of Two Units
Friday, 23 Mar 2018 

March 23 (Reuters) - Spacenet Enterprises India Ltd ::SAYS CO ‍​APPROVED SELLING OF UNITS SOCIAL MEDIA INDIA LTD, ADGOG UK LTD.CO ‍​APPROVED ONE-TIME SETTLEMENT OF DUES OF UNIT SOCIAL MEDIA INDIA WITH BANK OF BARODA AMOUNTING TO 45 MILLION RUPEES.  Full Article

Bank Of Baroda Ltd Announces Closure Of Banking Operations In South Africa‍​
Monday, 12 Feb 2018 

Feb 12 (Reuters) - Bank Of Baroda Ltd ::CLOSURE OF BANKING OPERATIONS IN SOUTH AFRICA‍​.S. AFRICA BRANCH TO STOP TAKING NEW / INCREMENTAL DEPOSITS, DISBURSING LOANS WITH EFFECT FROM 1ST MARCH 2018.IN VIEW OF BANK’S STRATEGIC PLAN FOR RATIONALIZATION OF BRANCHES IN INTERNATIONAL MARKETS, DECIDED TO CEASE THE BANKING OPERATIONS IN SA TERRITORY‍​.SOUTH AFRICA BRANCH WILL CEASE TO OPERATE AND CONDUCT THE BUSINESS OF A BANK WITH EFFECT FROM 31ST MARCH 2018‍​.  Full Article

South African Reserve Bank Says Bank of Baroda To Exit South Africa Operations
Monday, 12 Feb 2018 

Feb 12 (Reuters) - SOUTH AFRICAN RESERVE BANK ::BANK OF BARODA HAS NOTIFIED THE OFFICE OF THE REGISTRAR OF BANKS OF ITS EXIT FROM SOUTH AFRICA‍​.REGISTRAR, PART OF SARB, IS IN DISCUSSIONS WITH BANK OF BARODA TO ENSURE ORDERLY WITHDRAWAL SO THAT NO DEPOSITOR IS DISADVANTAGED.  Full Article

India's Bank Of Baroda Dec Quarter Profit Down About 56 Pct
Friday, 9 Feb 2018 

Feb 9 (Reuters) - Bank Of Baroda Ltd ::DEC QUARTER NET PROFIT 1.12 BILLION RUPEES VERSUS PROFIT OF 2.53 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER NET PROFIT WAS 3.44 BILLION RUPEES.DEC QUARTER INTEREST EARNED 113.03 BILLION RUPEES VERSUS 104.06 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS 34.27 BILLION RUPEES VERSUS 20.80 BILLION RUPEES LAST YEAR.DEC QUARTER PROVISIONS FOR NON-PERFORMING ASSETS 31.55 BILLION RUPEES VERSUS 16.38 BILLION RUPEES LAST YEAR.DEC QUARTER GROSS NPA 11.31 PERCENT VERSUS 11.16 PERCENT PREVIOUS QUARTER.DEC QUARTER NET NPA 4.97 PERCENT VERSUS 5.05 PERCENT PREVIOUS QUARTER.SAYS APPROVED ISSUE OF SHARES ON PREFERENTIAL BASIS TO INDIA GOVERNMENT UP TO 53.75 BILLION RUPEES.DEC QUARTER DOMESTIC NIM 3.24 PERCENT.DEC QUARTER NIM 2.72 PERCENT.GNPA PLUS RESTRUCTURED STANDARD ASSETS DOWN BY INR 5.28 BILLION IN QUARTER.NET NPA PLUS RESTRUCTURED STANDARD ASSETS DOWN BY INR 24.22 BILLION IN QUARTER.  Full Article

Bank Of Baroda Seeks To Sell Unit Nainital Bank As It Sheds Non-Core Assets To Bolster Balance Sheet - Bloomberg
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - :BANK OF BARODA IS SEEKING TO SELL UNIT NAINITAL BANK AS IT SHEDS NON-CORE ASSETS TO BOLSTER ITS BALANCE SHEET - BLOOMBERG CITING SOURCES.  Full Article

Bank Of Baroda Says LIC Of India Cuts Stake In Co To 5.194 Pct‍​
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Bank Of Baroda Ltd ::SAYS LIC OF INDIA CUTS STAKE IN CO BY 2.055 PERCENT TO 5.194 PCT‍​.  Full Article

Bank of Baroda CEO says co trying to contain net NPA at current level
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Bank of Baroda CEO P.S. Jayakumar speaking at a news conference::Says ‍​stressed assets ratio at 13.99 percent at end Sept versus 14.32 percent in June.Says co has exposure to 10 accounts in first RBI list for bankruptcy cases, and to 18 in RBI second list.Says needs around 4.5 billion rupees extra provisioning for borrowers in first RBI list for bankruptcy proceedings.Says needs about 8 billion rupees of extra provisioning for cos in second RBI list for potential bankruptcy proceedings.Says co trying to contain net NPA at current level.Says co has 90 billion rupees to 110 billion rupees of loans under "watch list".Says co looking to raise funds via AT1 bonds and possibly by share sale this financial year.Says co looking for 15 percent full year domestic loan growth.  Full Article

India's Bank of Baroda Sept-qtr profit down about 36 pct
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Bank of Baroda Ltd :Sept quarter net profit 3.55 billion rupees versus profit of 5.52 billion rupees last year.Consensus forecast for sept quarter profit was 4.74 billion rupees.Sept quarter interest earned 107.53 billion rupees versus 104.85 billion rupees last year.Sept quarter provisions 23.29 billion rupees versus 17.96 billion rupees last year.Sept quarter provisions for npa 18.47 billion rupees versus 16.30 billion rupees last year.Sept quarter gross NPA 11.16 percent versus 11.40 percent previous quarter.Sept quarter net NPA 5.05 percent versus 5.17 percent previous quarter.Sept quarter domestic NIM 2.68 percent.  Full Article

Bank Of Baroda says LIC of India cuts stake in co by 2.039 pct
Monday, 4 Sep 2017 

Sept 4 (Reuters) - Bank Of Baroda Ltd :Says LIC of India cuts stake in co by 2.039 percent to 7.249 percent.  Full Article