Bank of Baroda's new CEO looks to cut cost-to-income ratio to 40%
The lower the C/I ratio, the higher the efficiency and profitability of a bank04-07-2023
04-07-2023
Bank of Baroda to divest 49% in credit card arm BOB Financial Solutions
State-owned Bank of Baroda (BoB) plans to sell up to 49 per cent stake in credit card business arm BOB Financial Solutions Ltd. Currently, it is 100 per cent owned by BoB. The bank has floated a Request for Proposal for roping in a strategic investor, and the process is expected to complete in one year, a senior bank official said. BOB intends to offload up to 49 per cent in a combination of primary and secondary capital from one or multiple investors to create more value in BOB Financial Solutions and take it to the next level of growth, the official said. BOB Financial doubled the acquisition of new credit cards in FY23 by issuing close to 1.2 million credit cards compared to 0.5 million a year ago. "Retail spends too more than doubled compared to FY 2022, clocking approximately Rs 17,300 crore (compared to Rs 7,000 crore in FY 2022)," BoB said in its annual report. At the same time, the net profit of the NBFC also more than doubled to Rs 24.62 crore against Rs 10.07 crore in t02-07-2023
Bank of Baroda plans to divest up to 49 pc in credit card arm
BoB plans to divest up to 49 pc in credit card arm02-07-2023
BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Notice to Shareholders - Tax on Dividend01-07-2023
Debadatta Chand assumes charge as chief of Bank of Baroda
Prior to his elevation as MD & CEO, Chand was Executive Director at BoB01-07-2023
BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Change in Management
Disclosure under Regulation 30 (LODR) Shri Debadatta Chand Executive Director, has assumed charge as MD & CEO w.e.f 01st July 2023.01-07-2023
Core sector output in May expands at 4.3% amid a high base effect
Madan Sabnavis, chief economist at Bank of Baroda, said the continued traction in cement and steel could be attributed to government spending30-06-2023
BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Bank of Baroda -Investor Meet30-06-2023
Lenders set to extend Rs 400 crore to Go First to see it fly again
The CoC comprises Go First's lenders, Bank of Baroda, Central Bank, Deutsche Bank and IDBI Bank. Collectively they have an exposure of over Rs 6,500 crore to the airline25-06-2023