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India

Bank of Baroda Ltd (BOB.BO)

BOB.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Bank of Baroda CEO says co trying to contain net NPA at current level
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Bank of Baroda CEO P.S. Jayakumar speaking at a news conference::Says ‍​stressed assets ratio at 13.99 percent at end Sept versus 14.32 percent in June.Says co has exposure to 10 accounts in first RBI list for bankruptcy cases, and to 18 in RBI second list.Says needs around 4.5 billion rupees extra provisioning for borrowers in first RBI list for bankruptcy proceedings.Says needs about 8 billion rupees of extra provisioning for cos in second RBI list for potential bankruptcy proceedings.Says co trying to contain net NPA at current level.Says co has 90 billion rupees to 110 billion rupees of loans under "watch list".Says co looking to raise funds via AT1 bonds and possibly by share sale this financial year.Says co looking for 15 percent full year domestic loan growth.  Full Article

India's Bank of Baroda Sept-qtr profit down about 36 pct
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Bank of Baroda Ltd :Sept quarter net profit 3.55 billion rupees versus profit of 5.52 billion rupees last year.Consensus forecast for sept quarter profit was 4.74 billion rupees.Sept quarter interest earned 107.53 billion rupees versus 104.85 billion rupees last year.Sept quarter provisions 23.29 billion rupees versus 17.96 billion rupees last year.Sept quarter provisions for npa 18.47 billion rupees versus 16.30 billion rupees last year.Sept quarter gross NPA 11.16 percent versus 11.40 percent previous quarter.Sept quarter net NPA 5.05 percent versus 5.17 percent previous quarter.Sept quarter domestic NIM 2.68 percent.  Full Article

Bank of Baroda posts Dec-qtr profit
Friday, 10 Feb 2017 

Bank Of Baroda Ltd : Dec quarter net profit 2.53 billion rupees versus net loss of 33.42 billion rupees year ago . Dec quarter interest earned 104.06 billion rupees versus 106.14 billion rupees year ago . Dec quarter provisions 20.80 billion rupees versus 61.65 billion rupees year ago . Dec quarter gross NPA 11.40 percent versus 11.35 percent previous quarter . Dec quarter net NPA 5.43 percent versus 5.46 percent previous quarter . Says non performing loan provisioning coverage ratio 64.50 percent as on 31 dec 2016 .Says qtrtly domestic NIM 2.49 percent.  Full Article

Bank Of Baroda says strike by AIBEA, AIBOA, BEFI and AIBOC on Sept 2
Friday, 19 Aug 2016 

Bank of Baroda Ltd : Notice of strike by AIBEA, AIBOA, BEFI AND AIBOC on September 2 . Functioning of bank in certain states to be affected .  Full Article

BRIEF-India's Bank of Baroda exec says maintaining bad loan forecast for FY17 - CNBC TV18
Thursday, 11 Aug 2016 

India's Bank Of Baroda : Exec says maintaining bad loan forecast for FY17: CNBC TV18 Further company coverage: [BOB.NS] Keywords: (CORRECTED).  Full Article

Bank of Baroda June-qtr profit falls about 60 pct
Thursday, 11 Aug 2016 

Bank of Baroda Ltd : Says June-quarter net profit 4.24 billion rupees versus net profit of 10.52 billion rupees year ago . Says June-quarter interest earned 104.34 billion rupees; June-quarter provisions 20.04 billion rupees . Says June-quarter gross NPA 11.15 percent versus 9.99 percent previous quarter; June-quarter net NPA 5.73 percent versus 5.06 percent previous quarter . Consensus forecast for June-quarter net profit was 4.92 billion rupees .  Full Article

Bank of Baroda says RBI imposes 50 mln rupees penalty on co
Monday, 25 Jul 2016 

Bank of Baroda Ltd : The Reserve Bank of India has imposed a penalty of INR 50 million (rupees fifty million only) on Bank of Baroda . RBI carried out investigation and noted deficiencies which were reflective of weaknesses, failures in internal control mechanisms . Bank has implemented a comprehensive corrective action plan, to strengthen internal controls . Bank fully cooperated with the RBI during the process, leading to the conclusion of its findings .  Full Article

India's Bank of Baroda sees 50 bln rupees of adds to NPL in FY17
Friday, 13 May 2016 

Bank Of Baroda Ltd : Exec says have taken 29 billion rupees of provisions in q4 over and above the amount required by rbi rules. . Exec says expects margins to improve in FY17. . Exec says co has SMA2 loan accounts of about 130 billion rupees. . Exec says co sees about 50 billion rupees of additions to NPLs in current fiscal year. . Exec says aims to take provision coverage ratio to 68 percent by fiscal year end. Further company coverage: [BOB.NS] (Reporting by Devidutta Tripathy) ((himank.sharma@thomsonreuters.com;)).  Full Article

Bank of Baroda says it foresees growth, profitability in FY 2017
Friday, 13 May 2016 

Bank of Baroda Ltd : Says its management believes asset quality has stabilised . Says it foresees growth and profitability in FY 2017 . Further company coverage [BOB.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Bank of Baroda posts March-qtr loss
Friday, 13 May 2016 

Bank of Baroda Ltd : Says March-quarter gross NPA 9.99 percent versus 9.68 percent previous quarter . Says March-quarter net loss 32.30 billion rupees versus net profit of 5.98 billion rupees year ago . Says March-quarter net NPA 5.06 percent versus 5.67 percent previous quarter . Says March-quarter interest earned 110.14 billion rupees versus 107.62 billion rupees year ago . Says March-quarter provisions 68.58 billion rupees versus 18.18 billion rupees year ago . Says non performing loan provisioning coverage ratio 60.09 percent as on March 31, 2016 . Consensus forecast for March-quarter net profit was 3.03 billion rupees .  Full Article

BRIEF-Bank of Baroda approves proposal to raise capital worth 60 bln rupees

* Approved proposal to raise equity capital worth 60 billion rupees via rights issue or QIP‍​ Source text for Eikon: Further company coverage: