Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities
Visit our website https://www.bankofbarodauk.com/ for any further information.
Bank announces Financial Results for quarter ended, 30th June 2023.
NOTIFICATION DATED 27.06.2023 FOR SALE / ASSIGNMENT OF FINANCIAL ASSET (NPA) to ARCs (E-AUCTION ON 14.07.2023)
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
08 Jun 2018
Lending rate depends on the cost of funds and there has been a reasonable increase in deposit rates in the last few months, a part of which has been passed on through an increase in MCLR of banks. A part of the increase will be passed on in the coming months. RBI's rate hike will not have a material impact on bank lending rates. It will have a bigger impact on NBFCs and the bond market.
For 2017-18, corporate loans grew 17 per cent, while retail was up 42 per cent. The share of retail loan book to total loan book increased from 20 per cent to 23 per cent. We continue to support and lend to the corporates. During the year, we moved to a target market approach for growth in corporate lending. However, in view of higher profitability on a risk adjusted basis, granular nature of risk in portfolio, increasing consumer spending and our low share in retail lending, we focused to increase the proportion of retail loan book.
Low corporate credit offtake is partly driven by the corporates themselves and it's also driven by our desire to have a more diversified portfolio. We would like to look at corporate exposure of 35-40 per cent. But that may take 18-24 months. Our corporate loan growth has been higher than the average industry credit growth. Lately, there has been increase in capacity utilization in the private sector. Macro-economic indicators point to a pick-up in private investment. Deleveraging of balance sheets of corporates is also happening.
I wouldn't fully agree with you on that. There are always some industries that do well and grow. We have witnessed pick-up in the automotive industry, there is very strong growth in pharmaceuticals and IT. I see an equivalent of the Fintech companies in agriculture where a lot of innovation is happening. And it's only a matter of time before these companies gather more scale, more momentum. Further, some of the corporates have been tapping bond market for their credit requirements.
It is not right to say that credit demand is not present. Currently, most of the capital spending is by way of public investment by government in infrastructure projects like roads, highways, waterways and railways. For banks, it is by way of non-funded exposures that do not get reflected in their balance-sheets. In a way, the credit in the balance-sheet is shifted from the books of banks to that of other players.
The NCLT process being new, is taking some time to stabilize. NPAs have also increased after revised RBI guidelines on resolution of stressed assets in February 2018, dismantling the earlier mechanisms to deal with stress. What these guidelines have effectively done is that they have front-ended the recognition of stress, which would have been otherwise recognized over a period of time. However, this marks the final stage of multi-year initiatives to recognize NPAs. Thus, all of this is purely transitionary in nature where it appears that we have one way flows to NPAs only as against flows both ways. With higher recoveries expected in FY19 on account of NCLT resolution, we should be seeing flows both ways. It seems that we are pretty much at the end of the problem.
(“The Bank”) established on 20th July 1908 is a State-owned banking and financial services organisation, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.
Bank of Baroda is India’s leading public sector bank with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 8,200+ branches, 10,000+ ATMs, 1,200+
self-service e-lobbies and 20,000 Business Correspondents. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 20 countries. The Bank
has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures
for life insurance viz. IndiaFirst Life Insurance Company Limited and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored
three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.
View Stock Price of the Bank
This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.
Proceed to the website
Thank you for visiting www.bankofbaroda.in