BoB Q4 profit surges 2.3% to ₹4,886 cr; FY24 profit up 26.1%
PSU lender's net interest income grew 2.3% YoY to ₹11,793 crore in Q4 while for full fiscal NII stood at ₹44,722 cr
PSU lender's net interest income grew 2.3% YoY to ₹11,793 crore in Q4 while for full fiscal NII stood at ₹44,722 cr
Following the lifting of restrictions, BoB will resume onboarding new customers through the BoB World app.
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
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.
BoB says the current RBI decision will not have any "material impact" on the bank’s overall business and growth plans
This action is based on certain material supervisory concerns observed in the manner of onboarding of their customers onto this mobile application, says RBI.
BoB, which currently holds 100% stake in BOB Financial Solutions, is looking to sell up to 49% stake in the subsidiary.
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.
IndusInd Bank topped the losers' chart, followed by Bank of Baroda, Axis Bank, HDFC Bank, ICICI Bank, Federal Bank, and Kotak Bank, among others.
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