As the fight for deposits intensifies, the cost of money will rise and the margin will be under further pressure, points out Tamal Bandyopadhyay.
Bank of Baroda has hiked interest rates for non-resident external term deposits across various maturities with effect from April 4.
A summary of Tuesday's play in the Ranji Trophy matches at various venues across the country.
An improved showing of mutual funds (MFs) is helping the industry attract distribution talent at a brisk pace. The industry has onboarded a net of 11,600 individual distributors in the first seven months of 2023-24 (FY24) compared to just 5,555 distributors in the whole of 2022-23 (FY23), according to data from the Association of Mutual Funds in India. Like most financial products, MFs also have significant reliance on individual distributors to sell their products, even as digital platforms are gaining popularity.
A summary of Friday's Super League matches in the Mushtaq Ali T20 tournament.
Central Bank of India classified its loans to Go First as non-performing assets (NPAs) in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). The no-frills carrier has been under insolvency proceedings since May 2023 and ceased operating flights on May 3 this year. The public sector lender's exposure, including government-guaranteed emergency credit to the ailing airline, amounts to about Rs 2,000 crore.
But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.
Sachin Tendulkar has termed playing under Aunshuman Gaekwad as some of the "better years" of his cricketing career and that the former India coach was someone who could always be trusted.
At least six people were killed when a three-storey building collapsed in Madhavnagar locality of Baroda.
Despite high headline numbers, the output of one-third of the segments in the manufacturing sector in August stood below even that in the same month in 2011-12, when the new index of industrial production (IIP) series started. This is despite the fact that manufacturing grew 9.3 per cent in the month, driving up IIP growth to a 14-month high of 10.3 per cent. Part of it is due to the devastation of these product categories by lockdowns induced by Covid waves and subdued export conditions, while part of it needs to be assessed further.
The Reserve Bank of India's (RBI's) latest order on unsecured loans is set to hit the banking sector's growth in the near-term, cautioned analysts, as they see banks slowing down on aggressive retail lending. Besides, cost of funds for non-banking finance companies (NBFC) is expected to inch up as banks will pass on higher capital charge to NBFCs. "We believe the fallout of the RBI action will be mainly on growth, given the rising dependence on unsecured retail loans and lending to NBFCs for growth.
Baroda off-spinner Mahesh Pithiya, whose bowling style is quite similar to Ravichandran Ashwin, has flown to Bengaluru for the visitors' four-day training camp in Bengaluru after Australia's coaching staff had seen his clips on Instagram.
CBI and Enforcement Directorate are probing the huge remittances to Hong Kong from the bank.
Mumbai rode on Abhishek Nayar's scintillating 47-ball 76 to record a comfortable five-wicket win over Saurashtra in the Syed Mushtaq Ali Twenty20 tournament for west zone, in Vadodara, on Wednesday.
Hardik Pandya doesn't mince words when he says that as an 'all-rounder', his workload is twice and at times even thrice compared to a specialist batter or bowler.
Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.
People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Bank lending for buying consumer durables and funding of credit cards and other personal loans have risen by Rs 6.9 trillion between August 2019 and August 2023, shows a Business Standard analysis of data from the Reserve Bank of India (RBI). These loans are typically unsecured, which means they are provided without collateral.
Cheteshwar Pujara continued his good form in Ranji Trophy as he slammed his second successive century as Saurashtra dominated their Elite Group A match against Manipur.
M D Mallya was chosen by a five-member jury headed by Securities & Exchange Board of India's former chairman, M Damodaran, for BoB's sterling performance over the last couple of years.
The court on September 3 asked the SIT to submit its fresh report.
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long way as their profit touched Rs 1,04,649 crore in 2022-23, according to an analysis of their financial results. These 12 PSBs witnessed 57 per cent increase in total profit compared to Rs 66,539.98 crore earned in 2021-22.
A day after their Test careers met with a dead end, veteran batters Cheteshwar Pujara and Ajinkya Rahane on Friday soldiered on for Saurashtra and Mumbai respectively with contrasting results in the Vijay Hazare Trophy in Bengaluru.
Mahesh Pithiya's uncanny resemblance with Ravichandran Ashwin's action will surprise you.
Reflecting subdued global economic growth, India's outward foreign direct investment (FDI) fell by 33.3 per cent sequentially to $1.21 billion in August, compared to over $1.82 billion in July.
A summary of the Vijay Hazare Trophy matches played on Saturday.
Bank of Baroda has informed BSE that a meeting of the board of directors of the bank is scheduled on January 29, 2003 to take on record the unaudited financial results for the quarter ended December 31, 2002.
India's outward Foreign Direct Investment (FDI) nosedived to $11.12 billion in January-June (H1 2023) from $23.57 billion in the same period last year, indicative of the slowdown in the global economy, according to the Reserve Bank of India (RBI) data. The outward FDI expressed as the total financial commitment, has three components, namely equity, loan and guarantees. The sharp contraction in the commitments (outward FDI) was prominent in the April-June 2023 period.
Roundup for Ranji Trophy matches played on Friday
Veteran batter Cheteshwar Pujara slammed his second hundred of the ongoing Ranji Trophy season, guiding Saurashtra to a comfortable 242 for four against Rajasthan on the opening day of their Group A match, in Jaipur on Friday.
On any given day, team-mates celebrating a wicket wouldn't cause a picture going viral, but knowing the bitter history between these former Baroda team-mates, this was anything but a regular reaction.
Public sector Bank of Baroda plans to expand its activities in the United States to meet the needs of expatriate growing Indian community.
Saurashtra's middle-order batter Sheldon Jackson followed in senior teammate Cheteshwar Pujara's footsteps, completing his century on day two of their Ranji Trophy Group A tie against Rajasthan to guide the defending champions to a 300-plus total in Jaipur on Saturday.
Investors found Bank of Baroda very bankable today on talk that the bank plans to return Rs 50-90 crore equity back to the government.\n\n\n\n
A round-up of Day 2 of the Ranji Trophy matches played on Sunday
Interrupting a two-month streak of decline, outward foreign direct investment (FDI) rose sequentially to $1.85 billion in July over $1.07 billion in June, an increase of 73 per cent. However, it was lower than the $2.18 billion in July last year, according to the Reserve Bank of India data. Outbound FDI, expressed as financial commitment, has three components - equity, loans, and guarantees.
Hardik gives balance to the team, vital for India in World Cup: Sanjay Bangar
Former Board of Control for Cricket in president Narayanswami Srinivasan suffered another jolt on Tuesday as one of his closest confidantes, Sanjay Patel, was stripped of his primary membership by the Baroda Cricket Association on allegations of financial irregularities.
The slowdown in corporate revenue growth over the last one year has begun to reflect in India Inc's capital expenditure, or capex. The country's top listed companies are going slow on fresh investment in capacity expansion, in line with a deceleration in their top line growth. The combined fixed assets of the listed companies, excluding banking, finance services and insurance (BFSI) and the government-owned oil & gas firms, were up 10.1 per cent year-on-year (Y-o-Y) during April-September 2023 (H1FY24) - the slowest in 18 months - as against 21.1 per cent Y-o-Y growth in H2FY23 (October 2022-March 2023) and 11.6 per cent growth in the April-September 2022 period (H1FY23).
Yuzvendra Chahal might be despondent after the selectors snubbed him for the T20I series against Australia, but the leg-spinner channelised his angst positively with a six-wicket burst against Uttarakhand.
A man and his brother-in-law were killed and six others, including a pregnant woman, were injured when a person who works as a bank security guard opened fire on them from his double-barrel gun after an altercation over pet dogs in Indore city of Madhya Pradesh, the police said on Friday.
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