Bank of Baroda raises FD rates, one-year term deposits to now fetch 6.75 percent

Now the rate of interest varies between 6.5% to 7.05% based on the tenure of deposits. As a special rate, the state lender offers an interest of 7.05% on deposits of 399 days

Bank of Baroda CEO says willing to keep lending to Adani Group

<ul><li>Bank of Baroda will extend loans to the conglomerate if it meets the lender’s underwriting standards, said Sanjiv Chadha, chief executive officer and managing director, adding that he’s not concerned about the market volatility around Adani stocks.</li></ul>

No PSU bank stock rose in 2023 so far after a stellar 2022; should you buy or stay away?

In 2023, the Nifty PSU Bank index has fallen over 13 percent with all its constituents in the red. Meanwhile, in the last 1 year, the index has given over 40 percent returns to its investors. What should you do?

Bank of Baroda vs Punjab National Bank: Which is a better long-term investment?

On the back of strong earnings but a fall in stock prices, PSU banks have been in focus. But from a long-term perspective, let's find out which is a better PSU bank between Bank of Baroda (BoB) and Punjab National Bank (PNB).

Earnings Review: ICICI Direct lists 5 stocks that positively surprised in Q3

Margin recovery was the key highlight for Q3FY23,ICICI Direct noted in an earnings review report. The brokerage stated that Nifty's operating margins (ex-financials) rose 230 bps QoQ to 17%, primarily led by savings realised from lower raw material costs as gross margin expanded 230 bps QoQ. This is after a low of 14.7% margin recorded in the last quarter. On an aggregate basis (ex-financials), the Nifty topline for Q3FY23 was largely flat QoQ with EBITDA up 16% QoQ and PAT up 16.6% QoQ. Meanwhile, on a YoY basis, Nifty topline was up 16.9% YoY while PAT was down 3.9%. The brokerage has come out with 5 stocks that positively surprised during the quarter. These companies posted a strong set of numbers for Q3FY23, which, ICICI Direct believes, are more fundamental and sustainable in nature. Let's take a look:

Bank of Baroda: ICICI Direct retains a ‘buy’ after Q3 results; sees 22% upside

In Q3FY23, Bank of Baroda reported its highest-ever quarterly net profit of ₹3,853 crore compared to a net profit of ₹2,197 crore in the same quarter last year. On the asset quality side, the gross non-performing assets ratio declined to 4.53 percent in Q3 from 7.25 percent in Q3FY22.

Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

<ul><li>The bank's managing director and chief executive Sanjiv Chadha told reporters that the bank's overall exposure to the ports-to-media conglomerate's entities is one fourth of the single group exposures allowed under the Large Exposures Framework (LEF) but refused to share a number.</li></ul>

Bank of Baroda shares climb over 6% as Q3 profit jumps

<ul><li>The stock rallied 6.20 per cent to settle at ₹163.65 apiece on the BSE. During the day, it jumped 6.65 per cent to ₹164.35.</li></ul>

Bank of Baroda: What should you do with the stock in the long and short term?

In the last one year, Bank of Baroda has surged 97 percent against a 10 percent gain in the banking index BSE Bankex index, while the equity benchmark Sensex fell by about a percent in the same period.

Bank of Baroda hikes lending rate by up to 35 basis points; here are the details

<ul><li>The new rates will be effective from January 12, BoB said in a regulatory filing.</li></ul>

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Bank of Baroda raises FD rates, one-year term deposits to now fetch 6.75 percent

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