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Latest news about Bank of Baroda

Bank of Baroda Hands Over ₹2,762 Crore Dividend to Finance Minister, Reports 10.1% Profit Growth 5 days ago

Bank of Baroda handed over a dividend cheque of ₹2,762 crore to Finance Minister Nirmala Sitharaman. The bank reported a standalone net profit of ₹19,581.00 crore, showing a 10.10% year-on-year growth. A dividend of ₹8.35 per share was declared, representing 418% of the face value. The bank also launched a new flexible recurring deposit product called 'bob Flexi Systematic Deposit Plan'.

CBI Probes Ex-Bank of Baroda Branch Head for Alleged ₹8 Crore Fraud 5 days ago

Bank of Baroda Unveils Innovative 'bob Flexi Systematic Deposit Plan' 6 days ago

Bank of Baroda Slashes MCLR Rates Across Tenors, Effective June 12, 2025 Jun 10, 2025

Bank of Baroda Slashes Lending Rate by 50 Basis Points Amid Repo Rate Reduction Jun 08, 2025

More news about Bank of Baroda

07Jun 25

Bank of Baroda Slashes Lending Rate by 50 bps, Reports Q4 Profit Growth

Bank of Baroda has reduced its Baroda Repo Linked Lending Rate by 50 basis points to 8.15%, effective June 7. The bank's Q4 financial results show a net profit of ₹5,047.70 crore, up 3.30% year-over-year. Revenue increased by 6.15% to ₹35,851.90 crore, while Net Interest Income decreased by 6.60% to ₹11,019.00 crore. The bank's asset quality improved with Gross Non-Performing Assets ratio decreasing to 2.26% from 2.43% in the previous quarter.

28May 25

Bank of Baroda to Gradually Lower Positive Pay Threshold to ₹2 Lakh

Bank of Baroda announced a phased reduction in the Positive Pay Confirmation threshold for high-value cheques over the next two years. Starting May 1, 2025, the threshold will decrease from ₹5.00 lakh to ₹4.00 lakh, then to ₹3.00 lakh on August 1, 2025, and finally to ₹2.00 lakh on November 1, 2025. This move aims to strengthen security measures and reduce cheque fraud risk for customers.

20May 25

BOBCARD Limited Unveils Summer Sale 2025 with Attractive Credit Card Offers

BOBCARD Limited announces Summer Sale 2025, offering up to 35% discounts and cashback on e-commerce, travel, and lifestyle purchases until June 30. Partnerships include Amazon, Flipkart, and MakeMyTrip. The sale covers electronics, fashion, flight bookings, hotel stays, dining, and entertainment, aiming to boost consumer spending and enhance value for cardholders.

09May 25

Bank of Baroda Slashes One-Year MCLR by 5 Basis Points to 8.95%

Bank of Baroda has reduced its one-year Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points to 8.95%, effective from May 12. This reduction could lead to lower EMIs for existing borrowers and improved loan affordability for new customers. The move comes amid a stable policy rate environment set by the Reserve Bank of India.

08May 25

Bank of Baroda Stock Tumbles 10% Despite Record Profits Amid MSME Loan Concerns

Bank of Baroda's stock price dropped 10% following Q4 results announcement, despite reporting highest ever quarterly and annual net profit. The bank's net profit rose to ₹5,446.50 crore, up 5.55% YoY. However, investors showed concerns over higher bad loan provisions, lower net interest income, pressure on net interest margin, and increased MSME segment slippages. The MSME slippages contributed 51.3% to total domestic slippages. On a positive note, the bank's gross NPA ratio improved to 2.26%.

07May 25

Bank of Baroda Reports Modest Q4 Profit Growth Amid Rising Deposit Costs

Bank of Baroda's Q4 FY2024 results show a 3.30% increase in net profit to ₹5,048.00 crore, despite a 7.00% decline in Net Interest Income due to higher deposit costs. Net Interest Margin contracted to 3.02% from 3.18% year-on-year. Non-interest income rose by 24.00%, helping offset interest income pressure. Overall revenue grew by 10.38% to ₹34,676.50 crore. The bank expects NIM pressure to continue in early FY2026 but anticipates improvement in the latter half.

06May 25

Bank of Baroda CEO Unveils Ambitious Growth Strategy and Financial Outlook

Bank of Baroda aims to grow its corporate loan book by 10% this year, potentially increasing overall loan growth by 1-2%. The CEO expects to maintain ROA above 1%. The bank is considering issuing perpetual and infrastructure bonds for fundraising, with no immediate need for equity capital. 34% of the loan book is repo-linked. A potential divestment of stake in IndiaFirst Life Insurance Co. is being considered within 9-12 months.

06May 25

Bank of Baroda CEO: No Immediate Need for Equity Capital Raise, Limited Exposure to Bhushan Steel

Bank of Baroda's CEO stated the bank has no current need to raise equity capital, indicating a strong financial position. The bank has limited exposure to Bhushan Steel, with the final decision on the company to be made by the Committee of Creditors. These statements suggest robust capital adequacy and conservative risk management practices at the bank.

06May 25

Bank of Baroda Announces ₹8.35 Per Share Dividend for FY2024-25

Bank of Baroda's board has recommended a dividend of ₹8.35 per equity share for the fiscal year 2024-25, subject to shareholder approval at the upcoming 29th Annual General Meeting. The bank will set a record date to determine eligible shareholders. This announcement signals the bank's commitment to shareholder value and financial health.

06May 25

Bank of Baroda Q4 Results: Profit Grows, but NII Disappoints

Bank of Baroda's Q4 FY23 results show a 3.20% increase in net profit to ₹5,048.00 crore, despite a 6.60% decline in Net Interest Income. Other income grew by 24.00%, offsetting the NII decline. The bank's Gross Non-Performing Assets ratio improved to 2.26% from 2.43% in Q3, indicating better asset quality management.

05May 25

Bank of Baroda Q4 FY25 Results: Profit Dip Expected, Dividend Announcement Awaited

Bank of Baroda is set to announce its Q4 FY25 results on May 6. Analysts project a 5.30% year-on-year decrease in net profit to ₹4,628.00 crore. Net Interest Income is expected to dip by 1.00% year-on-year. However, asset quality is anticipated to show slight improvement. The bank's board will consider recommending a dividend for FY 2024-25.

30Apr 25

Bank of Baroda Sets Board Meeting for Q4 Results and Dividend Consideration

Bank of Baroda has announced a board meeting on May 6, 2025, to approve Q4 FY25 financial results and consider dividend declaration for FY 2024-25. The meeting will be held at the Corporate Office in Mumbai. A trading window closure for designated persons is in effect from April 1 to May 8, 2025. Analysts expect muted Q4 earnings with potential year-on-year declines in net profit and Net Interest Income.

21Apr 25

LIC Boosts Stake in Bank of Baroda to 7.05%, Shares Respond Positively

Life Insurance Corporation of India (LIC) has increased its stake in Bank of Baroda to 7.05%, as revealed in recent regulatory filings. This move by India's largest insurer has been positively received by the market, with Bank of Baroda's share price showing an uptick. The bank promptly disclosed this information to stock exchanges, demonstrating regulatory compliance.

10Apr 25

Bank of Baroda Cuts External Benchmark Lending Rates, Maintains MCLR

Bank of Baroda has reduced its external benchmark-linked lending rates by 25 basis points, potentially benefiting retail and MSME borrowers. However, the bank has kept its Marginal Cost of Funds Based Lending Rate (MCLR) unchanged, with the one-year MCLR remaining at 9.00%. This decision reflects the bank's response to recent RBI policy rate cuts while maintaining stability in certain key rates. The move could lead to lower EMIs for loans linked to external benchmarks, while MCLR-linked loans will see no immediate change in interest obligations.

08Apr 25

Bank of Baroda Unveils 'bob Square Drive Deposit Scheme' with Attractive Interest Rates

Bank of Baroda will introduce the 'bob Square Drive Deposit Scheme' on April 7, 2025, offering interest rates up to 7.80% p.a. for a 444-day tenure. The scheme is designed for retail deposits below ₹3.00 crore and includes special benefits for senior citizens and non-callable deposits. This competitive offering aims to attract individual depositors and small businesses, potentially boosting the bank's retail deposit base.

03Apr 25

Bank of Baroda Reports Robust Growth in Global Business and Deposits for Q4 FY 2024

Bank of Baroda announced impressive Q4 FY 2024 results, with significant growth in both domestic and global operations. Domestic deposits increased by 9.30% YoY to ₹12.42 lakh crore, while domestic advances rose by 13.70% to ₹10.21 lakh crore. Globally, deposits grew by 10.25% to ₹14.72 lakh crore, and advances increased by 12.88% to ₹12.30 lakh crore. The bank's domestic retail advances segment showed exceptional performance with a 19.38% YoY growth.

28Mar 25

Fitch Reaffirms Bank of Baroda's 'BBB-' Rating with Stable Outlook

Fitch Ratings has maintained Bank of Baroda's 'BBB-' credit rating, including its New Zealand subsidiary, with a stable outlook. This investment-grade rating reflects the bank's financial stability, moderate credit risk, and adequate capacity to meet financial commitments. The affirmation applies to both the Indian parent bank and its New Zealand operations, highlighting the bank's consistent financial strength across its international presence.