Bank of Baroda
Bank of Baroda News
After merger, Bank of Baroda accounts for 23% of bad loans in Gujarat
If the NPAs owned by the public sector banks are taken into account, then the merged entity will account for 32 per cent of Rs 27,602 crore bad loans that existed in Gujarat.
Aspire to have 10% market share, says BoB MD-CEO after merger
Other metrics of success that the new merged entity has set include a 15 per cent compound annual growth rate and a return of assets close to 15 per cent.
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Sponsored | Bank of Baroda strengthens public sector banking through “Power of 3”
The tripartite amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank, reflects the government’s focus towards consolidation and strengthening of the public-sector banking.
Bank of Baroda merges with Dena Bank and Vijaya Bank to become second largest PSU bank
The consolidated entity started its operation with a business mix of over Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively.
Bank of Baroda puts NPAs worth Rs 6,000 crore on sale
A notification inviting expressions of interest (EoIs) from asset reconstruction companies (ARCs) for 49 bad-loan accounts worth Rs 5,928 crore said the EoIs, with indicative prices, must be filed by March 7.
Bank of Baroda's merger with Dena Bank and Vijaya Bank approved by Cabinet
Law Minister Ravi Shankar Prasad said that the amalgamation would help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies.
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PSB Consolidation: Bank of Baroda gets Vijaya Bank breather with Dena Bank stress
This would ensure that while absorbing the two smaller banks, Bank of Baroda gets the positive strength of Vijaya Bank while dealing with the stiff challenges associated with turning around Dena Bank.
Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody's
The government Monday proposed the merger of the three state-owned banks to create the country's third-largest lender as part of efforts to revive credit and economic growth
BoB, Dena Bank, Vijaya Bank Merger: Bankers say consolidation good for public sector banks
Vijaya Bank posted a 43.3 per cent decline in net profit at Rs 144.34 crore for June quarter even though NPA ratio improved. In absolute terms, gross NPAs however rose to Rs 7,579.11 crore as on June 30, 2018 against Rs 6,812.21 crore a year ago.
BoB puts Rs 3,000-cr exposure to NCLT accounts on sale
BoB’s decision to sell its exposures in these accounts runs counter to an understanding between banks to not to sell individual exposures to accounts undergoing insolvency.
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