PNB shares hit 52-week high; becomes third PSU bank to achieve ₹1 lakh cr mcap
The market cap of PNB crossed ₹1.01 lakh crore today after the shares of the PSU lender rose 2.1% to hit a fresh 52-week high of ₹91.81 intraday.
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BoB shares slip 4% after RBI bars new customer onboarding to mobile app
BoB says the current RBI decision will not have any "material impact" on the bank’s overall business and growth plans
RBI bars Bank of Baroda from onboarding new customers onto mobile app
This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application, says RBI.
Bank of Baroda shares jump 5% on plans to sell stake in credit card arm
BoB, which currently holds 100% stake in BOB Financial Solutions, is looking to sell up to 49% stake in the subsidiary.
After SBI, this PSU bank crosses ₹1 lakh crore m-cap
The market capitalisation of Bank of Baroda touched ₹100,400 crore after its stock price rose 3.6% to hit an intraday high of ₹194.85 on the BSE.
Bank stocks fall on RBI's decision to withdraw ₹2,000 currency notes
IndusInd Bank topped the losers' chart, followed by Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, and Kotak Bank, among others.
BoB makes ₹500 cr provisions against Go First exposure; stock down
Bank of Baroda recorded the highest-ever quarterly and annual profit of ₹4,775 cr for Jan-March 2023 quarter and ₹14,110 cr in FY23
Bank of Baroda shares jump 4% post Q4 business update
The PSU lender’s total business crossed the ₹21 lakh crore milestones in FY23, aided by double-digit growth in advances and deposits in the March quarter of 2022.
Adani connection? Nifty PSU Bank index jumps 5%
The rally in PSU Bank index was led by index heavyweights such as Union Bank of India, State Bank of India, Bank of Baroda, Punjab National Bank, which rose up to 7%.
Moody's upgrades ratings of 3 PSU banks
The upgrade reflects an improvement in India's macro profile to "Moderate+" from "Moderate", says Moody's.
