Company: Bank of Baroda


Shares of J&K Bank, which gained 3%, were leading the indexs gain. Shares of Bank of India and Bank of Baroda also contributed to the gain, rising 2% each.
July 3, 2019, 1:31 p.m.

As resolution through the insolvency courts keep getting delayed inordinately, the state-run Bank of Baroda has put on sale non-performing loans amounting to Rs 9,060 crore, including two large accounts - Bhushan Power & Steel and Alok Industries which are undergoing insolvency process but delayed. While Bhushan Power & Steel dues are to the tune of Rs 2,099 crore, Alok Industries dues are Rs 903 crore. Both these companies are among the 12 largest stressed accounts which the Reserve Bank had asked banks to refer to National Company Law Tribunals for resolution in June 2017 and forms the first list put out by the monetary authority in the mid-2016. The third largest lender had put Bhushan Power & Steel on sale in December 2018 but could not find a buyer. Besides these two big accounts, the bank is also looking to sell 65 other medium and small-size stressed accounts worth Rs 6,057 crore, only on cash basis, according to the information on the bank's ...
June 9, 2019, 2:25 p.m.

It has been decided to raise size of ESPS scheme to 15 crore shares with a face value of Rs 2 each as against 10 crore shares proposed in January this year
June 2, 2019, 2:20 p.m.

The index is up 4.6% at 3,296.45 levels on heavy buying in Bank of India, Union Bank, Bank of Baroda, and Canara Bank.
May 24, 2019, 2:18 p.m.


Provisions remained elevated in Q4 at Rs 5,399.3 crore against Rs 2,794.2 crore in previous quarter and Rs 6,672 crore in corresponding period last year.
May 22, 2019, 6:24 p.m.
Publisher: moneycontrol.com

Compared sequentially, there was a net profit of Rs 471.25 crore during the third quarter ended December 2018
May 22, 2019, 6:18 p.m.

Asset quality eased marginally with percentage of gross non-performing assets (NPAs) coming in at 9.61% against 11.01% in the previous quarter
May 22, 2019, 5:55 p.m.

The provisions for NPAs declined to ₹5,550 crore as compared to ₹7,053 crore in March 2018.According to 19 Bloomberg analysts, the bank was expected to post a profit of ₹913 crore
May 22, 2019, 5:33 p.m.
Publisher: livemint.com

Shares of Bank of Baroda gained rose 1% in the morning trade ahead of Q4FY19 numbers.
May 22, 2019, 10:26 a.m.

Kotak Institutional Equities projects bank#39;s net profit at Rs 1,455.9 crore, up 208.9 percent QoQ
May 22, 2019, 9:50 a.m.
Publisher: moneycontrol.com

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