Bank of Baroda is one of the famous Indian state-owned International banking and financial services company. It’s headquartered in Vadodara which is earlier known as Baroda in Gujarat, India. This is the second largest bank in India, which is next to the State Bank Of India. After describing the company details, we will move on to the Bank of Baroda Share Price.
About the company
Bank of Baroda which is also known as Bob. It has a corporate office in Mumbai. This bank was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III the dated on 20 July 1908. Bank of Baroda also along with thirteen other major commercial banks of India. That was nationalized the dated on 19 July 1969. This is announced by the Government of India and also has been designated as a profit-making public sector undertaking (PSU).
In Forbes Global 2000 list, Bank of Baroda is ranked 1145. This bank has total assets in excess of Rs. 3.58 trillion which is making it India’s 2nd biggest bank by assets. Also, this bank has a network of 5538 branches in India and abroad, and 10441 ATMs as the dated on July 2017. The government of India announced the merger of Bank of Baroda, Vijaya Bank, and Dena Bank to create the country’s third-largest lender on September 17, 2018. The envisaged amalgamation will be the first-ever 3-way consolidation of banks in the country, with a combined business of Rs 14.82 lakh crore. In this making it the third largest bank after State Bank of India (SBI) and ICICI Bank.
Company summary –
Bank of Baroda has been a long and eventful journey of almost a century across 22 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, which is a saga of vision, enterprise, financial prudence, and corporate governance.
Head office is located at Baroda Bhavan, R C Dutt Road, Alkapuri, Baroda – 390007.
Baroda Corporate Centre, Block G, Plot No. C – 26, Bandra Kurla Complex, Bandra (East), Mumbai 400051.
This bank’s Registered office is located at Baroda House, P.B. No. 506, Mandvi, Vadodara, Gujarat – 390006.
Their Registrars are Karvy Fintech Pvt. Ltd. Selenium Tower B, Plot No. 31-32, Gachibowl, Hyderabad – 500032, Telangana. Now, have a look at the Bank of Baroda Share Price.
Bank of Baroda Share Price Graph
Company financials :
Company financials is necessary for the content Bank of Baroda Share Price. Bank of Baroda is listed on the BSE with a BSE Code of 532134 and the NSE with an NSE Code of BANKBARODA. The current market capitalization of this bank stands at Rs 30,383.75 crore. The interest income of the Bank increased by 3.4% from Rs. 42,199.9 crore in FY 2017 to Rs. 43,648.5 crore in FY 2018. Total interest expenses declined by 2.0% from Rs. 28,686.5 crore in FY 2017 to Rs. 28,126.8 crore in FY 2018 due to improved liability management. The domestic cost of deposits decreased to 5.48% in FY 2018 from 6.08% in FY 2017. The net interest income (NII) of the Bank increased by 14.9% to Rs. 15,521.8 crore during FY 2018 from a level of Rs. 13,513.4 crore in FY 2017. The net interest margin (NIM) improved from 2.19% to 2.43% during FY 2018. Other income of the Bank marginally decreased by 1.5% to Rs. 6,657.2 crore on account of decline in treasury gains by 28.3% to Rs. 1,877.6 crore. However, core fee income of the Bank increased by 14.5% to Rs. 3,249.7 crore. Recovery from written-off accounts was higher at Rs. 620.7 crores registering an increase of 90%.
The company’s market cap is 32,156.25 (as per the consolidated statement). Industry P/E stands at the level of 9.20 and Price/Book value is 0.69. Book value figure is at the level of 177.04. The data is based on the current update.
The Board of Directors of the company :
- PS Jayakumar is the Managing Director and CEO of this company.
- Papia Sengupta is an Executive Director of the company.
- Biju Varkkey is the Director of this company.
- Bharatkumar D Dangar is one of the Director of the company.
- Gopal Krishan Agarwal is another Director of this company.
- Ajay Kumar is also a Director of the company.
- Soundara Kumar is the Director of this company.
- Debashish Panda is the Nominee Director of the company.
- Shanti Lal Jain is one of the Executive Director of this company.
- V S Khichi is another Executive Director of this company.
- Srinivasan Sridhar is the Shareholder Director of this company.
Name of the Shareholder belonging to the category – “Public and holding more than 1% of the Total No.of Shares” :
- ICICI Prudential Life Insurance Company Ltd.
- Life Insurance Corporation of India.
- Theleme Master Fund Limited.
- ICICI Prudential Value Fund – SERIES 16.
- HDFC Trustee Company Limited- Equity Fund.
- Clearing Members.
- RELIANCE ETF – JUNIOR BEES INVESTMENT A/C.
- Foreign Nationals.
- Bodies Corporate.
- Non-Resident Indian (NRI).
- NRI NON REPATRIATION.
- Unit Trust of India.
- Overseas corporate bodies.
News of the company :
However, a favorable outcome of the general elections would lead to multiple expansion which can push the Sensex closer to euphoric levels of ~45,000 by the year-end on the dated 19th December 2018. In the dated 18th December 2018, TLT LLP has been representing the banks in their efforts to recover their dues as part of the worldwide freezing order. In 17th December, The bank in a regulatory filing said that as per the government guidelines for rationalization of overseas presence. Also, an increase in the efficiency and profitability of the overseas offices. On June 30, 2019, it will close down branches in Guyana, Trinidad and Tobago and Ghana. Bank of Baroda said in a regulatory filing, the unsecured, redeemable bonds carry a coupon rate of 8.42 percent.
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