Buy Bank of Baroda, target Rs 171.0 : Dr CK Narayan
Buy Bank of Baroda at a price target of Rs 171.0 and a stop loss at Rs 162.0 from entry point02-09-2016
02-09-2016
Bank of Baroda shares fall over 1% on business setback
At 10:53 am, shares of the bank were trading at Rs 160.30 apiece, down 0.93 per cent from its previous close on Bombay Stock Exchange (BSE).26-08-2016
Bank of Baroda's total business takes Rs 90,000-cr hit in FY16
NEW DELHI: Shrinking loan portfolio and deposit base squeezed total business of state-owned Bank of Baroda (BoB) by nearly Rs 90,000 crore in 2015-16 despite a robust GDP growth of 7.6 per cent during the fiscal.While the banking industry saw a loan growth of 9.3 per cent, and 8.6 per cent for deposits during the fiscal, Bank of Baroda's credit growth rate slowed 10.3 per cent and that of deposits decelerated 7 per cent.As far as nationalised banks sans SBI and associates are concerned, their credit grew 1.4 per cent and deposits 3.1 per cent in 2015-16.The total business, mix of deposits and advances, came down by staggering Rs 87,817 crore in the period under review as against the previous fiscal, as per BoB's latest annual report.Total business of the bank declined to Rs 9,57,808 crore at the end of March 2016 compared with Rs 10,45,625 crore a year ago.Total deposits declined to Rs 5,74,038 crore in 2015-16, from Rs 6,17,560 crore in the previous fiscal while advances slipped to Rs 3,83,770 crore (Rs 4,28,065 crore).Profit before tax also declined to Rs 8,815.57 crore in the said period as against Rs 9,915.10 crore a year ago.There was a loss of Rs 5,395.55 crore during the year as compared to Rs 3,398.43 crore net profit in the year-ago period.In order to improve functioning of public sector banks, the government roped in professionals from the private sector last year.Even during the June quarter of 2016-17, Bank of Baroda posted a 60 per cent plunge in net profit at...25-08-2016
Buy Bank of Baroda, target Rs 175.0 : Tejas Shah
Buy Bank of Baroda at a price target of Rs 175.0 and a stop loss at Rs 158.5 from entry point24-08-2016
Notice of Strike by AIBEA, AIBOA, BEFI and AIBOC
Bank of Baroda has informed BSE regarding "Notice of Strike by AIBEA, AIBOA, BEFI and AIBOC".19-08-2016
Buy Bank of Baroda, target Rs 158.0 : Reliance Securities
Buy Bank of Baroda at a price target of Rs 158.0 and a stop loss at Rs 146.0 from entry point18-08-2016
Buy Bank of Baroda, target Rs 175.0 : CLSA
CLSA sees scope to improve net interest margin (NIM) by changing loan mix to higher ROA segments.16-08-2016
What to buy, sell and hold
Edelweiss has a buy rating on Bank of Baroda with a target price of Rs 170 citing that the company's performance was hit by disappointing asset quality.15-08-2016
Performance Analysis
Bank of Baroda has submitted to BSE a copy of Performance Analysis - Q1 FY 2017.11-08-2016
Bank of Baroda Q1 profit falls 59.74% to Rs423 crore
Bank of Baroda's net interest income fell 2.56% to Rs3,371.09 crore in the June quarter from Rs3,459.62 crore last year11-08-2016