Buy Bank of Baroda: target of Rs 128: Sharekhan
Sharekhan is bullish on Bank of Baroda has recommended buy rating on the stock with a target price of Rs 128 in its research report dated May 13, 2022.17-05-2022
17-05-2022
BANK OF BARODA - 532134 - Announcement Under Regulation 46(2) (LODR)
Announcement under Regulation 46(2) (LODR) - Revised17-05-2022
BANK OF BARODA - 532134 - Compliances-Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report for the year ended 31.03.202217-05-2022
Bank of Baroda eyes monetisation of life insurance arm in FY23
MD & CEO Sanjiv Chadha says business is fairly mature'16-05-2022
Improvement in asset quality lifts Bank of Baroda's stock
Brokerage firm Kotak Institutional Equities termed Bank of Baroda's March quarter earnings as healthy16-05-2022
BANK OF BARODA - 532134 - Announcement Under Regulation 46(2) (LODR)
Announcement under Regulation 46(2) (LODR)14-05-2022
Bank of Baroda registers net profit of Rs 1,779 crore in March quarter
The profit was mainly due to lower provision for tax, which was Rs 120 crore as compared with Rs 3,726 crore during the same period last year14-05-2022
BANK OF BARODA - 532134 - Board recommends Dividend
Bank of Baroda has informed BSE that the Board of Directors of the Bank at its meeting held on May 13, 2022, inter alia, has recommended a dividend at Rs. 1.20 (Rupee One and Twenty Paise) per equity share (Face Value Rs. 2/- each fully paid up) for the FY2021-22 subject to declaration / approval at the ensuing 26th Annual General Meeting.13-05-2022
Q4FY22 Quarterly Result Announced for Bank of Baroda
Bank of Baroda announced Q4FY22 results: Bank of Baroda (BOB) Net profit for FY2022 grows 9x to reach Rs 7,272 crore Net profit in (Q4FY22) stood at Rs 1,779 crore Advances grew by 8.9% YoY in FY22 Organic Retail Advances grew by -17%, led by growth in high focus areas such as Home Loan (11.3%), Personal Loan (108%), Auto Loan (19.5%), Education Loan (16.7%) Domestic CASA ratio of the bank improved by 137 bps YoY to 44.24%. GNPA at 6.61% a reduction of 226 bps YoY NNPA at 1.72% a reduction of 137 bps YoY in FY22. Provision coverage ratio (PCR) at 75.28% w/o TWO Net Interest Margins improved by 32 bps YoY to 3.03% in FY22. NIM for Q4FY22 was 3.08% (an increase of 36 bps compared to Q4FY21) Healthy Capital base - CRAR improved to 15.98% in Mar'22 from 14.99% in Mar'21 The Board of Directors have recommended a dividend of INR 1.20 per equity share (60%) for the year ended March 31 2022 (subject to necessary approvals). Profitability: Net Interest Income grew by 21.2% to Rs 8,612 crore in Q4FY22 and 13.2% YoY to Rs 32,622 crore in FY22 . Fee Income for the year grew by 12.6% YoY at Rs 6,409 crore and 5.8% YoY for the quarter to Rs 1,848 crore. Operating Income for FY22 registered a growth of 5.7% YoY at Rs 44,106 crore. Cost of Deposits reduced to 3.53% in Q4FY22 as against 3.71 % in Q4FY21. Operating Profit for FY22 stands at Rs 22,389 crore registering a growth of 5.6% YoY. Bank reported a standalone Net Profit of Rs 1,779 crore in Q4FY22 as against a loss of Rs 1,047 crore in Q4FY21.The Net Profit for FY22 increased to Rs 7,272 crore in Mar'22 (777%) from Rs 829 crore in FY21. Global NIM increased to 3.08% in Q4FY22 from 2.72% in Q4FY21. Return on Assets (RoA) improved to 0.60% in FY22 from 0.07% in FY21 . Return on Equity (RoE) increased sharply by 1016 bps YoY to 11.66% For the consolidated entity, Net Profit stood at INR 7,850 crore in FY22 as against Rs 1,548 crore in FY21. Result PDF13-05-2022
BANK OF BARODA - 532134 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation - Financial Results for year ended 31.03.202213-05-2022