BOB LTD.
Bank of Baroda reported a PAT of Rs 598 crs down by 48.3% Y-o-Y lower than expectations due to higher provisions. Key highlights: 1) NII depicted a slow growth of 1.5% Y-o-Y & declined by 3.5% Q-o-Q owing to slow credit growth and high interest reversals...
BoB holds steady, up 2% on NSE
Bank of Baroda maintained its firm morning undertone to hold gains of 1.96 per cent near the close on the NSE on Friday. It was trading at Rs 182.45 against Rs 178.95 at close yesterday. ... EGM on Sept 28, 2015
Bank of Baroda has informed BSE that an Extraordinary General Meeting (EGM) of the Bank will be held on September 28, 2015. Updates
With reference to the earlier letter dated August 22, 2015 informing about the decision of GOI to infuse capital funds to the tune of Rs. 1786 Crore in Bank of Baroda by way of preferential allotment of equity in favour of the Government and about the convening Extra-ordinary General Meeting (EGM) on September 28, 2015 at Vadodara (Gujarat).Bank of Baroda has informed BSE that :... Cessation of Director
Bank of Baroda has informed BSE that in exercise of the powers conferred by clause (a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of Clause 3 and sub-clause (1) of Clause 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, the Central Government, after consultation with the Reserve bank of India, vide its notification... Notice of Strike
Bank of Baroda has informed BSE that the Bank have been informed by Indian Banks' Association that the General Secretaries of the All India Bank Employees' Association (AIBEA), Bank Employee Federation of India (BEFI), National Organisation of Bank Workers (NOBW), Indian National Bank Employees Federation (INBEF), All India Bank Officers' Association (AIBOA), Indian National Bank Officers' Congress (INBOC), National Organisation of Bank Officers... Outcome of Board Meeting (EGM on Sept 28, 2015)
Bank of Baroda has informed BSE that the Board of Directors of the Company at its meeting held on August 22, 2015, has approved the proposal and also authorized the Bank to convene Extra-ordinary General Meeting (EGM) of the Shareholders of the Bank on Monday, September 28, 2015 at 10.30 a.m. at Sir Sayajirao Nagargriha, Vadodara Mahanagar Seva Sadan, T. P. - 1, F. P. 549/1, Near GEB Colony, Old Padra Road, Vadodara - 390 020, to get the Shareholders... Appointment of MD & CEO and Part Time Non-official Director as well as Non-Executive Chairman by GOI
Bank of Baroda has informed BSE that 1. Government of India vide Notification Dated August 14, 2015 has advised that in exercise of powers conferred by clause(a) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 read with sub-clause (1) of clause 3 and sub-clause (1) of clause 8 of The Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Central Government,... Revision of Interest Rates on Term Deposits
Bank of Baroda has informed BSE that the Bank has decided to revise the rates of interest payable on term deposits of below Rs. 1 Crore and Rs. 1 Crore to Rs. 10 Crore, including NRE (TD), applicable to the renewal of existing deposits and fresh deposits, with effect from August 10, 2015. BoB net down 22.7% but stock zooms 10%
High staff expenses, depreciation in investments dent bottom line