Latest news with #BankofBaroda
Time of India
a day ago
- Business
- Time of India
Two booked for Rs 5cr loan fraud using fake property papers
Ahmedabad: A manager of a nationalised bank filed a police complaint alleging that two men from Paldi fraudulently obtained a loan of over Rs 5.09 crore by submitting forged documents and not registering the property for which the mortgage loan was approved. According to the FIR filed by 51-year-old manager of SBI's JG Bungalow branch in Bodakdev, the accused applied for a housing loan in 2022. They claimed to be purchasing a bungalow in Yogeshwarnagar Society in Paldi. The bank was given a notarised banakhat (sale agreement) dated July 6, 2022. According to the bank procedure, legal and valuation reports were obtained, and a housing loan of Rs 4.97 crore and a security loan of Rs 12.7 lakh were sanctioned. The loan amount was transferred to the seller's account in Bank of Baroda to clear prior mortgage dues, and all original property documents were submitted to the complainant bank. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad However, the accused failed to execute the final registered sale deed and irregularly paid the EMIs — Rs 4.15 lakh for the housing loan and Rs 10,570 for the security loan — until Nov 2023. After that, all payments stopped. The matter was taken to the Debt Recovery Tribunal, but due to lack of registered ownership, the bank could not proceed with attachment of the property. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This New Device Lets You Get Unlimited Internet Anywhere – No Contracts Needed Ryoko Pro Undo by Taboola by Taboola The complainant stated that both the buyers and the sellers misled the bank, took the loan in the name of property purchase, and diverted the funds, causing financial loss to the bank and violating trust. Satellite police registered a case under sections related to cheating and criminal breach of trust under the Bharatiya Nyaya Sanhita.
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Business Standard
2 days ago
- Business
- Business Standard
Bank of Baroda stock volatile after mixed Q1 show; analysts decode numbers
Shares of Bank of Baroda recouped losses after it fell over 2 per cent on Monday morning deals as analysts termed the lender's first quarter performance as a mixed bag, with a modest growth in net profit. The public-sector lender's stock fell as much as 2.33 per cent during the day to ₹237.7 per share, the biggest intraday rise since June 19 this year. However, the stock pared losses to trade 0.3 per cent higher at ₹244.3 apiece, compared to a 0.02 per cent decline in Nifty 50 as of 11:00 AM. Shares of the company have been in a range-bound pattern since June. The counter has risen 1.5 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. Bank of Baroda has a total market capitalisation of ₹1.26 trillion. Bank of Baroda Q1 results The lender's net profit grew 1.9 per cent year-on-year (Y-o-Y) to ₹4,541 crore in the first quarter of 2025-26 (Q1FY26), aided by treasury income, amid pressure on net interest margin. Net interest income (NII) -- the difference between interest earned and interest expended -- fell 1.4 per cent Y-o-Y to ₹11,435 crore. Net interest margin (NIM) from domestic operations fell to 2.91 per cent in Q1FY26, down from the 3.18 per cent in Q1FY25. BoB reported 12.6 per cent Y-o-Y credit growth in overall advances to ₹12.07 trillion. The domestic book grew by 12.4 per cent. While retail advances increased 17.5 per cent, corporate loans saw 4.2 per cent Y-o-Y growth in Q1FY26. Home loans grew by 16.5 per cent. Bank of Baroda asset quality The asset quality profile improved with gross non-performing assets (NPAs) declining to 2.28 per cent from 2.88 per cent a year ago. The net NPAs fell to 0.60 per cent from 0.69 a year ago. The provision coverage ratio, including those for write-offs, stood at 93.18 per cent in June 2025. Lender's capital adequacy ratio stood at 17.19 per cent with the common equity tier I (CET-1) of 17.61 per cent. Analysts on Bank of Baroda Q1 The lender reported a mixed performance in Q1FY26, marked by slower loan growth, higher slippages, and a relatively resilient NIM, Nuvama Institutional Equities said. While BoB's international loan quality remains more volatile than peers, overseas loan growth continues to outpace domestic, Nuvama said. NIM resilience was aided by slower marginal cost of funds-based lending rate (MCLR) cuts and repricing of bulk deposits, despite having a similar external benchmark lending rate (EBLR) mix of 48 per cent as peers. However, Nuvama anticipates a sharper NIM decline for BoB in the coming quarters. Nuvama raised its target price to ₹280 (from ₹260), and maintained its rating at 'Buy'. The near-term pressure on NIMs is expected to continue before a potential recovery in the second half of the financial year, Axis Securities said. A sharper-than-expected contraction in NIMs could pose risks to the bank's ability to deliver a 1 per cent return on assets (RoA), it said The bank is actively working to strengthen its fee income profile, while operating expense growth is expected to remain controlled and slightly below business growth, Axis said. "With no major asset quality concerns on the horizon, credit costs are likely to stay contained, it added. ALSO READ: Analysts at Antique Stock Broking said that the bank delivered a mixed performance, with RoA supported by higher non-core income and a relatively smaller contraction in NIM compared to peers. However, elevated credit costs and higher slippages were notable concerns, it said. Bank of Baroda has consistently maintained RoA above 1 per cent for the past 12 quarters, and this trend is expected to continue, Antique said. The stock appears reasonably priced, with the brokerage maintaining its 'Buy' rating.
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Business Standard
2 days ago
- Business
- Business Standard
Bank of Baroda stock fluctuates after mixed Q1 show; hold or exit?
Shares of Bank of Baroda recouped losses after it fell over 2 per cent on Monday morning deals as analysts termed the lender's first quarter performance as a mixed bag, with a modest growth in net profit. The public-sector lender's stock fell as much as 2.33 per cent during the day to ₹237.7 per share, the biggest intraday rise since June 19 this year. However, the stock pared losses to trade 0.3 per cent higher at ₹244.3 apiece, compared to a 0.02 per cent decline in Nifty 50 as of 11:00 AM. Shares of the company have been in a range-bound pattern since June. The counter has risen 1.5 per cent this year, compared to a 5 per cent advance in the benchmark Nifty 50. Bank of Baroda has a total market capitalisation of ₹1.26 trillion. Bank of Baroda Q1 results The lender's net profit grew 1.9 per cent year-on-year (Y-o-Y) to ₹4,541 crore in the first quarter of 2025-26 (Q1FY26), aided by treasury income, amid pressure on net interest margin. Net interest income (NII) -- the difference between interest earned and interest expended -- fell 1.4 per cent Y-o-Y to ₹11,435 crore. Net interest margin (NIM) from domestic operations fell to 2.91 per cent in Q1FY26, down from the 3.18 per cent in Q1FY25. BoB reported 12.6 per cent Y-o-Y credit growth in overall advances to ₹12.07 trillion. The domestic book grew by 12.4 per cent. While retail advances increased 17.5 per cent, corporate loans saw 4.2 per cent Y-o-Y growth in Q1FY26. Home loans grew by 16.5 per cent. Bank of Baroda asset quality The asset quality profile improved with gross non-performing assets (NPAs) declining to 2.28 per cent from 2.88 per cent a year ago. The net NPAs fell to 0.60 per cent from 0.69 a year ago. The provision coverage ratio, including those for write-offs, stood at 93.18 per cent in June 2025. Lender's capital adequacy ratio stood at 17.19 per cent with the common equity tier I (CET-1) of 17.61 per cent. Analysts on Bank of Baroda Q1 The lender reported a mixed performance in Q1FY26, marked by slower loan growth, higher slippages, and a relatively resilient NIM, Nuvama Institutional Equities said. While BoB's international loan quality remains more volatile than peers, overseas loan growth continues to outpace domestic, Nuvama said. NIM resilience was aided by slower marginal cost of funds-based lending rate (MCLR) cuts and repricing of bulk deposits, despite having a similar external benchmark lending rate (EBLR) mix of 48 per cent as peers. However, Nuvama anticipates a sharper NIM decline for BoB in the coming quarters. Nuvama raised its target price to ₹280 (from ₹260), and maintained its rating at 'Buy'. The near-term pressure on NIMs is expected to continue before a potential recovery in the second half of the financial year, Axis Securities said. A sharper-than-expected contraction in NIMs could pose risks to the bank's ability to deliver a 1 per cent return on assets (RoA), it said The bank is actively working to strengthen its fee income profile, while operating expense growth is expected to remain controlled and slightly below business growth, Axis said. "With no major asset quality concerns on the horizon, credit costs are likely to stay contained, it added. ALSO READ: Analysts at Antique Stock Broking said that the bank delivered a mixed performance, with RoA supported by higher non-core income and a relatively smaller contraction in NIM compared to peers. However, elevated credit costs and higher slippages were notable concerns, it said. Bank of Baroda has consistently maintained RoA above 1 per cent for the past 12 quarters, and this trend is expected to continue, Antique said. The stock appears reasonably priced, with the brokerage maintaining its 'Buy' rating.
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Business Standard
2 days ago
- Business
- Business Standard
Stock Market LIVE: Nifty, Sensex trade lower; Banks, pharma lead; SBI Cards down 4%, TCS falls
Sensex Today | Stock Market LIVE on Monday, July 28, 2025: Among sectors, the Nifty IT index dropped 1.4 per cent, followed by the Nifty Private Bank, and Realty indices 11:33 AM Stock Market LIVE Updates:Bank of Baroda stock fluctuates after mixed Q1 show; hold or exit? Stock Market LIVE Updates: Shares of Bank of Baroda recouped losses after it fell over 2 per cent on Monday morning deals as analysts termed the lender's first quarter performance as a mixed bag, with a modest growth in net profit. The public-sector lender's stock fell as much as 2.33 per cent during the day to ₹237.7 per share, the biggest intraday rise since June 19 this year. However, the stock pared losses to trade 0.3 per cent higher at ₹244.3 apiece, compared to a 0.02 per cent decline in Nifty 50 as of 11:00 AM. READ MORE 11:13 AM Stock Market LIVE Updates: Laurus rallies 6%, hits new high on strong Q1; brokerages see more upside Stock Market LIVE Updates: Shares of Laurus Labs hit a new high of ₹889.3, surging 6 per cent on the BSE in Monday's intra-day trade in an otherwise subdued market after the company reported strong earnings for the June 2025 quarter (Q1FY26). The BSE Sensex was up 0.06 per cent at 81,512 at 10:20 AM. In the past one month, the stock of pharmaceutical company has outperformed the market by soaring 27 per cent, as compared to 2.7 per cent decline in the BSE Sensex. It has zoomed 128 per cent from its 52-week low of ₹390.30 on August 8, 2024. Laurus delivered a solid performance in Q1, in line with market expectations. READ MORE 10:47 AM Stock Market LIVE Updates:Shriram Finance rises 3% on Q1 results; Should you buy, sell or hold? Stock Market LIVE Updates: Shares of Non-Banking Financial Company (NBFC) Shriram Finance rose nearly 4 per cent on Monday, on the NSE, after the company posted its Q1 results. The stock touched an intra-day high of ₹637.9. Shriram Finance's standalone net interest income for the first quarter ended June 30, 2025, rose 12.55 per cent to ₹6,026.43 crore compared to ₹5,354.47 crore in the year-ago period. The company's profit after tax (PAT) increased by 8.84 per cent to ₹2,155.73 crore as against ₹1,980.59 crore recorded in the corresponding quarter of the previous year. READ MORE 9:24 AM Stock Market LIVE Updates: Sectoral indices show mixed trends Stock Market LIVE Updates: On the sectoral front, the Nifty Realty and IT indices were the top laggards, down by 1.8 per cent or 1.07 per cent, respectively. Nifty Media, Bank, Consumer Durables, and Financial Services were also trading lower. On the other hand, Nifty Auto, FMCG, Metal, Pharma, PSU Bank, and Oil & Gas opened in green. 9:21 AM Stock Market LIVE Updates: A glance at broader market
Time of India
2 days ago
- Business
- Time of India
Bank of Baroda shares in focus after Q1 profit rises marginally to Rs 4,541 crore. Should you buy or sell?
Shares of state-owned lender Bank of Baroda (BoB) will be in focus on Monday after the bank reported a 2% year-on-year (YoY) increase in standalone net profit to Rs 4,541 crore for the quarter ended June 2025 (Q1 FY26), compared to Rs 4,458 crore in the same period last year. Net interest income (NII) declined 1.4% YoY to Rs 11,435 crore from Rs 11,600 crore. The bank noted that the NII includes the impact of reclassification of interest on income tax refunds. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Healthcare others Finance Data Science Digital Marketing Technology CXO Data Analytics Management PGDM MCA Design Thinking healthcare Leadership Degree Artificial Intelligence Public Policy Data Science Cybersecurity Product Management MBA Operations Management Others Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Domestic deposits rose 8% YoY to Rs 12.04 lakh crore, while international deposits surged 15% to Rs 2.31 lakh crore from Rs 2.01 lakh crore a year earlier. Total deposits stood at Rs 14.35 lakh crore, up 9% YoY. Retail advances grew 17% to Rs 2.61 lakh crore, compared to Rs 2.22 lakh crore in Q1 FY25. Domestic gross advances rose 12% to Rs 9.91 lakh crore, and total advances increased 14% to Rs 2.15 lakh crore. Asset quality improved during the quarter. Gross Non-Performing Assets (GNPA) declined 60 basis points (bps) YoY to 2.28%, while Net NPA dropped 9 bps to 0.60%. Should you buy, sell, or hold Bank of Baroda's stock? Here's what brokerages say: Motilal Oswal MOSL maintained a 'Neutral' rating on Bank of Baroda, raising the target price from Rs 250 to Rs 260. The brokerage highlighted that healthy NII and other income are supporting earnings momentum. The bank reiterated its NIM guidance of 2.85%–3.0% for FY26 and aims to recover over Rs 10,000 crore during the fiscal. It also plans to add 300 new branches and has made a 40% provision against stressed accounts. For FY27, MOSL expects RoA at 1.14% and RoE at 16.2%. Antique Antique retained a 'Buy' rating with a target price of Rs 290. It noted that profitability was supported by higher treasury gains, despite a sequential dip in the loan book led by the corporate segment. The brokerage observed a slight uptick in slippages, indicating mild pressure on asset quality, but noted that the bank has maintained RoA above 1% for 12 straight quarters. It values the stock attractively at 0.8x FY26 and 0.7x FY27 estimated book value, and raised earnings estimates by 3% for FY26 and 6% for FY27. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
