Wed, Nov 20, 2024
PSU bank stock to BUY: Bank of Baroda is the third largest public sector bank in the country and has a loan book of Rs 11.43 lakh crore. The bank's deposit base is Rs 13.63 lakh crore.
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Mon, Nov 18, 2024
The recent outflow of capital by foreign investors from emerging markets, including India, is attributed to a knee-jerk reaction to global developments.
Mon, Nov 04, 2024
State-owned NBCC arm Hindustan Steelworks Construction Ltd (HSCL) has bagged a Rs 65 crore contract in Bengaluru from Bank of Baroda.
Sun, Apr 14, 2019
The process has been designed to ensure that there is minimum disruption of the customers during the transition period, the official said adding that the branding of the three entities will be retained in the interim period and will be transitioned to the new brand in a phased manner to ensure minimum disruption to existing operations.
"Bank of Baroda has decided to engage a consultancy firm to conduct an independent review of the overall evaluation and effectiveness of the bank's board. The review would provide an opportunity to align and prioritise the board's focus on critical issues," the RFP said.
Thu, Apr 11, 2019
All private and public banks, approved by the Reserve Bank of India, can offer the IMPS for their customers.
Mon, Apr 08, 2019
Combining Dena and Vijaya in its ambit, BoB now has a strong entity base with network close to 9500 branches, approximately 13000 ATMs across India.
Tue, Apr 02, 2019
Bank of Baroda will become the second largest public sector bank after State Bank of India from April 1, post its amalgamation with Bengaluru-based Vijaya Bank and Mumbai-based Dena Bank. Watch this video to know more.
Mon, Apr 01, 2019
Amalgamation of Vijaya Bank and Dena Bank with Bank of Baroda has been notified on January 2, 2019. The notification has come into force on April 1, 2019, the RBI said in a notification.
Combined entity has a network of close to 9500 branches, approximately 13000 ATMs across India. (Vijaya Bank - ATMs approx 2000 & Branches approx 2050 , Dena Bank - ATMs approx 1500 & branches approx 1850) .
For existing investors in Dena and Vijaya Bank, their shares have now converted into BoB shares.
While BoB will see no changes in its operation, however, it would be Dena Bank and Vijaya Bank who will see new set of business and operations.
Shareholders of Vijaya Bank got 402 equity shares of BoB for every 1,000 shares held. In the case of Dena Bank, its shareholders received 110 shares of BoB for every 1,000 shares.
Following the strong Global markets, Nifty is having strong support around 11520-11540 and any dips towards that will be a buying opportunity for day traders.
Sun, Mar 31, 2019
The government in September last year announced the first-ever three-way consolidation of banks in India, with a combined business of Rs 14.82 lakh crore, making it the third-largest bank after State Bank of India (SBI) and ICICI Bank.
Sat, Mar 30, 2019
Rejecting the applications filed against the merger of these three banks, the apex court has agreed on staying firm on acquisition date to come into effect from April 01.
Fri, Mar 29, 2019
Continuing its merger plan for public sector banks, government last year, decided to merge one weaker lender Dena Bank and anchor lender Vijaya Bank with a 130 year old Bank of Baroda (BoB).
The finance ministry through its notification on Wednesday conveyed its decision to infuse capital of Rs 5,042 crore in BoB, the bank said in a regulatory filing.
Thu, Mar 28, 2019
In March 2019 FIIs have pumped around Rs 30,000 crore into the Indian equity market. Out of this, around 50 per cent have been attracted by the banking sector stocks.
The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB.
Fri, Mar 22, 2019
The government has so far pumped Rs 1.90 lakh crore into PSBs since it announced the recapitalisation plan in October 2017.
Thu, Mar 21, 2019
Latest Fixed Deposit (FD) rates: Bank FDs have become very attractive. Check what SBI, HDFC Bank, Axis Bank, ICICI Bank, BoB are offering right now.
Fri, Mar 15, 2019
Everyone who has open a bank account is given a debit card for their financial transactions outside the ambit of banking premises. Debit cards can be used at either your bank branches or any other.
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