Friday, February 26, 2021
  • About us
  • Contact
  • Privacy Policy
  • Sitemap
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
  • World
  • Latest News
  • Business
    • Automotive
    • Industries
    • Opinion
  • Market
  • Tech
  • Money
    • Finance
    • Insurance
    • Investments
    • Schemes
  • Startups
  • Other
    • Top Stories
    • Entrepreneur
    • Career
    • Real Estate
No Result
View All Result
Business Khabar
No Result
View All Result
Home Business Industries

Bank of Baroda plans to raise ₹ 2000-4000 crore from QIP by March

Shehnaz by Shehnaz
January 30, 2021
in Industries
0
Bank of Baroda plans to raise ₹ 2000-4000 crore from QIP by March
586
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

You might also like

Indian investors will find it easier to invest in US stocks, Angel Broking ties up with Vested Finance

Reserve Bank of India, RBI Governor in preparation to bring digital currency – will be completely different from cryptocurrency

Crude Impact: Crude speed can reduce the brightness of these stocks, where will the money be benefited

The results of Bank of Baroda have been impressive. The bank reported better results than expected due to strong domestic loan growth in the third quarter. On a yearly basis, the bank has turned profitable from losses. Bank of Baroda reported a profit of Rs 1,061.1 crore in the third quarter of FY 2021 as against a loss of Rs 1,407 crore in the third quarter of FY 2020. According to CNBC-TV18 poll it was estimated to be Rs 825 crore.

The bank’s interest income grew 8.6 per cent to Rs 7,749 crore in the third quarter from Rs 7,132 crore in the year-ago quarter. According to CNBC-TV18 poll it was estimated to be Rs 7,427 crore.

Gross NPA of the bank has come down from 9.14 per cent to 8.48 per cent in the third quarter on a quarterly basis. At the same time, Net NPA has come down from 2.51 percent to 2.39 percent. In rupees, the bank’s Gross NPA has come down from Rs 65,698 crore in the third quarter to Rs 63,182 crore and Net NPA has come down from Rs 16,795 crore to Rs 16,668 crore.

Provisioning of the bank on a quarterly basis has been at Rs 3,957 crore against Rs 3,002 crore as against Rs 7,155 crore in the third quarter of last year. The bank’s domestic loan growth stood at 8.31 per cent on an annual basis as against 4.6 per cent on a quarterly basis.

Talking about the Bank of Baroda’s results MD & CEO, Sanjiv Chadha Said that NPA is improving over last year. Provisioning has also been done for NPA accounts that are not identified. Loans and interest of NPA accounts have also been provisioned. Q3 NPA accounts will not have any further impact on the balance sheet.

He said that by our estimate slippages should be reduced in the fourth quarter. The moratorium, SC order led to an increase in NPA in Q3. Slippages have come down over last year. Banks will be restructuring some international loan accounts.

Talking on the fourth-quarter guidance, he said that the bank had a good growth despite Corona in Q3. Margins are expected to be even better. NPAs will be significantly lower in Q4 than in Q3. The bank will be restructuring many loan accounts. Although the sluggish economy will put pressure on retail and MSME, corporate loans are expected to grow. The bank’s Capital Adequacy stood at 13.4%. You will fulfill the need of the fund only with Internal Approval. The bank plans to raise Rs 2000-4000 crore from QIP by March.

Relief to HDFC Bank borrowers, now loan installment will be deposited at nearest CSC; Learn every detail

Tags: Bank of BarodaBoardroomManjmetResultsSanjeev chaddaSanjeev ChadhaThe result
Shehnaz

Shehnaz

Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

Related Posts

Angel Broking, Vested Finance, Indian investors]invest in US stock market, ETF, Angel Broking Vested, stock market
Industries

Indian investors will find it easier to invest in US stocks, Angel Broking ties up with Vested Finance

by Business News
February 25, 2021
RBI, RBI Governor shaktikanta das, Central bank digital currency, cryptocurrencies, crypto, bitcoin, blockchain technology, digital currency, reserve bank of india
Industries

Reserve Bank of India, RBI Governor in preparation to bring digital currency – will be completely different from cryptocurrency

by Business News
February 25, 2021
Crude Prices Impact
Industries

Crude Impact: Crude speed can reduce the brightness of these stocks, where will the money be benefited

by Business News
February 25, 2021
Nureca Ltd Stock Market Listing
Industries

Nureca Limited Enters Market At 59% Premium, Shares of Rs 400 Listed at Rs 635

by Business News
February 25, 2021
stock bourse NSE, trading halt on NSE, NSE connectivity fail, BSE, investors, NSE system, national stock exchange, stock market trading, Trading halts on NSE
Industries

Trading halted due to technical problem on NSE, connectivity fails

by Business News
February 24, 2021

Recommended

india said that No territory conceded under disengagement agreement with china

India has not given any land in agreement with China, insists on adherence to LAC: Ministry of External Affairs

February 25, 2021
Redmi K40 Series Launched know price specifications camera features

Redmi K40 Series Launch: Three rear cameras; Starting from around Rs 22,500, know specifications

February 25, 2021
Vitamin D Intake

Cases of vitamin D deficiency are increasing rapidly in youth, do you not get enough sunlight?

February 25, 2021

Don't miss it

  • All
  • Startups
  • Share Market
  • Entrepreneur
india said that No territory conceded under disengagement agreement with china
India

India has not given any land in agreement with China, insists on adherence to LAC: Ministry of External Affairs

February 25, 2021
Redmi K40 Series Launched know price specifications camera features
Tech

Redmi K40 Series Launch: Three rear cameras; Starting from around Rs 22,500, know specifications

February 25, 2021
Vitamin D Intake
Health

Cases of vitamin D deficiency are increasing rapidly in youth, do you not get enough sunlight?

February 25, 2021
how to open bank account for minors and kids of age less than 18 years know eligibility documents and all details
Investments

How to open bank account for children below 18 years? Which documents will be required

February 25, 2021
SBI and Shapoorji Pallonji Real Estate sign MoU to offer seamless home buying experience
Investments

Partnership between SBI and Shapoorji Pallonji Real Estate, Home Buyers Will Get Big Benefits

February 25, 2021
Xiaomi is focusing on manufacturing in india now all smart tv and 99 percent smartphones made in india
Tech

Xiaomi accelerates manufacturing in India, now 100% Smart TV, 99% smartphones ‘Made in India’

February 25, 2021
know stewise AADHAR Update History when first created to how many times updated stepwise deatil and link mobile number to aadhar uidai
Investments

AADHAAR Update History: When did Aadhaar update, see like this; Stepwise complete process

February 25, 2021
Angel Broking, Vested Finance, Indian investors]invest in US stock market, ETF, Angel Broking Vested, stock market
Industries

Indian investors will find it easier to invest in US stocks, Angel Broking ties up with Vested Finance

February 25, 2021
Business Khabar

Business Khabar provides the latest news about market, financial, tech, sports and business news from around the world.

Learn more

Categories

  • Automotive
  • Business
  • Car & Bike
  • Career
  • Entrepreneur
  • Fashion
  • Featured
  • Finance
  • Food
  • Health
  • India
  • Industries
  • Insurance
  • Investments
  • Lifestyle
  • Money
  • Opinion
  • Real Estate
  • Schemes
  • Share Market
  • Startups
  • Tech
  • Top Stories
  • Travel
  • World

Important

JIOMART FASHION

BUSINESS PLAN

ATUM 1.0 BIKE

UPCOMING IPO

VEGETABLE BUSINESS

MARUTI UPCOMING CARS

BUSINESSMEN STORY

Nureca IPO

BUSINESS AFTER LOCKDOWN

IPL COACH SALARY

CSC REGISTRATION

Recent News

india said that No territory conceded under disengagement agreement with china

India has not given any land in agreement with China, insists on adherence to LAC: Ministry of External Affairs

February 25, 2021
Redmi K40 Series Launched know price specifications camera features

Redmi K40 Series Launch: Three rear cameras; Starting from around Rs 22,500, know specifications

February 25, 2021
Vitamin D Intake

Cases of vitamin D deficiency are increasing rapidly in youth, do you not get enough sunlight?

February 25, 2021

Copyright © 2020 Business Khabar

No Result
View All Result
  • Home
  • Larest News
  • World
  • Share Market
  • Business
    • Automotive
    • Industries
    • Startups
    • Entrepreneur
  • Tech
  • Money
    • Schemes
    • Investments
    • Finance
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Travel
  • Reviews
    • Car & Bike
  • Top Stories
  • Real Estate
  • Contact Us
  • About us

Copyright © 2020 Business Khabar

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.