Bank of Baroda share news, announcements and annual reports
NSE: BANKBARODABSE: 532134BanksLarge Cap
Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Feb 1997
Last close ₹238.60down ₹2.71 (1.12%)BSE ₹238.50
Share price at the NSE close on 30 Oct 2026. Previous close ₹241.31.
30 Oct: open ₹241.50, high ₹242.85, low ₹238.31
52-week range of traded prices to 30 Oct 2026
₹223.82Low, 29 Sep 2026₹325.50High, 26 Feb 2026
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,23,389 Cr58th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.71
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 3.56%
- NIMNet interest margin. Net interest income ÷ the average assets that earn interest × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. For the year to Mar 2026. For the whole group. Net interest margin in the glossary
- 2.83%
- Gross NPAGross NPA, non-performing loans. Gross non-performing loans as a percentage of all loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is below the net share. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company.
- 1.78%
- Net NPANet NPA, non-performing loans. Net non-performing loans as a percentage of loans, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, where the figure is outside what it can be, where the filing's own amounts show it written on another scale or rounded to the whole per cent, where it is 0 for a bank that lends, or where it is above the gross share. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company.
- 0.37%
- CET1Common equity tier 1 ratio. The bank's core capital, mostly shareholders' money, as a percentage of its loans and other assets weighted by risk, as the bank states it, in per cent on the one scale its filing writes all its ratios in; not given where that scale cannot be told, or where the figure is outside what it can be. At the end of Sep 2026. For the company alone, not its group: the regulator measures it company by company. Common equity tier 1 ratio in the glossary
- 14.20%
- ROAReturn on assets. Profit after tax ÷ average total assets × 100 × 12 ÷ the months in the period, a rate per year; given only where the balance sheets at the start and at the end of the period are both held; not given for an insurer. It equals net interest income + other income − operating expenses − provisions + exceptional items − tax + the lines below tax, each on the same base. For the year to Mar 2026. For the whole group. Return on assets in the glossary
- 0.98%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,05,21,96456.8% delivered
Bank of Baroda share news and announcements
1,556 announcements, routine notices left out, newest first. Page 31 of 32.
May 2008
8 May · Management
Government of India (GOI) vide notification no.F.No.9/18/2007- BO.I dated 07th May 2008 issued pursuant to powers conferred on the Central Government under section (9) (3) (a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980, has appointed Shri M. D. Mallya, as Chairman and Managing Director of Bank of Baroda from the date of his taking charge of the post and till 30.11.2012 i.e. his date of superannuation or until further orders, whichever is earlier. Shri Mallya has taken charge as Chairman and Managing Director of the Bank on 07th May 2008.
Apr 2008
28 Apr · Results
Bank of Baroda has decided to exercise the option to submit Audited Financial Results for the Entire Financial Year 2007-2008 with in the time limit2 Apr · Management
Dr. Anil K Khandelwal, Chairman and Managing Director, Bank of Baroda ceased to be the Director on the Board of the Bank w.e.f 01st April 2008, pursuant to the expiry of term of his appointment on attaining superannuation. Dr. Kundelwal was appointed as Chairman and Managing Director of the Bank up to 31st March 2008, vide Government of India (GOI) notification no. F.No.9/60/2004-BO.I dated 01st March 2005 issued pursuant to powers conferred on the central Government under section (9)(3)(a) of the banking companies (Acquisition and takeover of undertaking) Act, 1970
Mar 2008
4 Mar · Business
Bank Of Baroda had informed the Exchange regarding Bank of Baroda, Andhra Bank and Legal & General Group of UK as foreign partner signing an MOU for forming a joint Venture for entering in to Life Insurance Business with 44%, 30% & 26% shareholding respectively. The Bank has now informed the Exchange that three parties have on March 04, 2008 signed the Shareholders' Agreement for the Joint Venture.
Feb 2008
22 Feb · Updates
In order to stimulate the demand for consumer and investment credit in a slowing economy, the Bank of Baroda has decided to reduce its Benchmark Prime Lending Rate by 50 basis points to 12.75% effective February 27, 200822 Feb · Management
The Bank had a team of Six SCAs namely (i) M/S T.R. Chadha & Co., (ii) M/S S.Venkatram & Co., (iii) M/S Ray & Ray, (iv) M/S G. Basu & Co., (v) M/S G.P. Kapadia & Co., and (vi) M/S B.C. Jain & Co.. Out of these, two audit firms namely (i) M/S T.R. Chadha & Co., and (ii) M/S S. Venkatram & Co. have been replaced by (i) M/s Gupta Nayar & Co. and (ii) M/S A. Sachdev & Co., as per RBI's letter in this regard. Accordingly, the current list includes (i) M/s Gupta Nayar & Co., (ii) M/s A. Sachdev & Co., (iii) M/S Ray & Ray, (iV) M/S G. Basu & Co., (v) M/s G.P. Kapadia & Co., and (vi) M/S B.C. Jain & Co22 Feb · Strike
We are informed by Indian Banks' Association that United Forum of Bank Unions, which is a joint forum of five industry-level Workmen Union (viz. AIBEA, NCBE, BEFI, INBEF and NOBW) and four Officers' Association (viz. AIBOC, AIBOA, INBOC and NOBO) has served a notice of strike, informing their decision to go on a nation wide strike on 25th & 26th February 2008. In view of the above, the Bank has taken necessary steps in terms of the existing guidelines for smooth functioning of Bank's branches/offices on the days of strike, in the event the strike materializes on 25th & 26th February 2008
Jan 2008
30 Jan · Audit Qualifications
Vide notes to Accounts in the Unaudited Financial Results for the quarter ended December 31,2007 (taken on record by the Board of Directors of the Company at its meeting held on January 30, 2008) that: Auditors qualification for the year ended March 31, 2007 and for the quarter ended June 30 & September 30, 2007 have been dealt with the Note No. 3 & 5. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.30 Jan · Results
Standalone Results for the quarter ended on 31-DEC-2007 as follows: Interest earned of Rs. 300219 lacs for the quarter ending on 31-DEC-2007 against Rs. 238700 lacs for the quarter ending on 31-DEC-2006. Interest expended of Rs. 200471 lacs for the quarter ending on 31-DEC-2007 against Rs. 142623 lacs for the quarter ending on 31-DEC-2006. Net Profit / (Loss) of Rs. 50105 lacs for the quarter ending on 31-DEC-2007 against Rs. 32913 lacs for the quarter ending on 31-DEC-2006.21 Jan · Strike
We are informed by Indian Banks' Association that United Forum of Bank Unions has served a notice of strike, informing their decision to go on a nation wide strike on Friday, 25th January 2008. The bank is taking all the necessary steps in terms of the existing guidelines for smooth functioning of Bank's branches/offices to deal with the strike in the event the same materializes on 25th January 200816 Jan · Board meeting
To consider the following business amongst other businesses: To consider and approve the un-audited financial results of the Bank for the quarter / nine months ended December 31, 2007 and relevant Segment Reporting.3 Jan · Updates
The Issue of Unsecured, Non Convertible, Redeemable, Subordinated Upper Tier II Bonds in the nature of Promissory Notes ("Bonds") Series VIII of the face value of Rs.10 lacs each for an aggregate amount of Rs.1000 Crores with a fixed annual coupon of 9.30% and a tenure of 15 years with call option at the end of 10 years from the deemed date of allotment on private placement basis was opened for subscription on January 3, 2008. Having received full subscription on the first day itself the Bank has decided to exercise the option of early closure of the Issue
Dec 2007
27 Dec · Updates
The Issue of Unsecured, Non Convertible, Redeemable, Subordinated Upper Tier II Bonds in the nature of Promissory Notes ("BONDS") Series VII of the face valve of Rs.10 lacs each for an aggregate amount of Rs.500 Crores with a fixed annual coupon of 9.30% and tenure of 15 years with a call option at the end of 10 years from the deemed date of allotment on private placement basis was opened for subscription on December 27,2007. Having received full subscription the Bank has decided to exercise the option of early closure of the Issue24 Dec · Management
The Government of India, Ministry of Finance, Department of Economic Affairs, Banking Division, New Delhi vide their notification F No. 9/28/2004-BO.I dated 20th December 2007, pursuant to powers conferred under clause (f) of sub- section (3) of Section 9 of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) and (2) of clause 9, of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980, after consultation with the Reserve Bank of India has nominated Shri Ranjit Kumar Chatterjee, Senior Manager (Scale III, Middle Management) Bank of Baroda as Officer Employee Director on the Board of Directors of Bank of Baroda for a period of three years from the date of notification or till he ceases to be an officer of Bank of Baroda or until further orders, whichever is earlier
Nov 2007
27 Nov · Management
The Government of India, Ministry of Finance, Department of Financial Services, Banking Division, New Delhi vide their notification F No. 9/22/2006-BO-I dated 23rd November 2007, pursuant to powers conferred under sub- section 3(h) & (3-A) of Section 9 of Banking Companies ( Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub-clause (1) of clause 3, of the Nationalized Banks ( Management and Miscellaneous Provisions) Scheme, 1970/1980, has nominated Shri Atul Agarwal as a part time non official Director on the Board of Directors of Bank of Baroda for a period of three years with effect from 23rd November 2007 or until further orders, whichever is earlier16 Nov · Business
Bank Of Baroda had informed the Exchange regarding the Bank's identification of M/s Legal & General, U.K. as its Foreign Joint Venture Partner. The Bank has now informed the Exchange that: "Bank of Baroda, Andhra Bank and M/s Legal & General Group plc, UK have signed an MoU on Friday, 16th November 2007 to form a Joint Venture (JV) for Life Insurance Business, wherein the equity participation in the proposed JV would be (i) Bank of Baroda - 44%, (ii) Andhra Bank - 30% and (iii) M/s Legal and General plc, UK - 26%. The partners would initiate steps to operationalise the JV in due course".8 Nov · Limited Review Report
Auditors have conducted the limited review for the un-audited financial results for the quarter/half year ended September 30, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2007
31 Oct · Results
Standalone Results for the quarter ended on 30-SEP-2007 as follows: Interest earned of Rs. 287977 lacs for the quarter ending on 30-SEP-2007 against Rs. 218592 lacs for the quarter ending on 30-SEP-2006. Interest expended of Rs. 189833 lacs for the quarter ending on 30-SEP-2007 against Rs. 129515 lacs for the quarter ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 32719 lacs for the quarter ending on 30-SEP-2007 against Rs. 28836 lacs for the quarter ending on 30-SEP-2006.16 Oct · Board meeting
To consider the following business amongst other businesses: To consider and approve the un-audited financial results of the Bank for the quarter / half year ended September 30, 2007 and relevant Segment Reporting.5 Oct · Business
Bank Of Baroda had informed the Exchange regarding the signing of an MOU by the Bank with M/s Pioneer Global Asset Management SpA to form a JV (Joint Venture) for Asset Management Business. The Bank has now informed the Exchange vide their letter dated October 05, 2007, that: "Bank of Baroda and M/s Pioneer Global Asset Management SpA, Italy have signed today i.e. 05.10.2007, the Definitive Agreements to launch a JV for Asset Management Business i.e. Baroda Pioneer Asset Management Company Limited".
Sep 2007
10 Sep · Strike
United Forum of Bank Unions have served on our Bank a notice for One Day Strike on Wednesday, 12th September, 2007. The bank is taking all the necessary steps in terms of the existing guidelines for smooth functioning of Bank's branches/offices to deal with the strike in the event the same materializes on 12th September 2007
Aug 2007
28 Aug · Rating
Credit Rating Agency "ICRA Ltd." has vide their letter no. 2007-08/574/2058 dated 17 August 2007, reaffirmed "CGR 2" (pronounced CGR 2) rating to the Corporate Governance practices of Bank of Baroda16 Aug · Annulment of Forfeiture
Pursuant to the Regulation 35 of Bank of Baroda General (Shares and Meetings) Regulations, 1998, it has been decided to Annul, the following - 400 - forfeited equity shares of the Bank: 1) Name of the holder: Vijay Shanker Shukla, No. of Shares: 100, 2) Name of the holder: Subhash Chandra Gupta, No. of Shares: 100, 3) Name of the holder: Sitara Devi, No. of Shares: 100, 4) Name of the holder: Minesh Kumar T. Gandhi, No. of Shares: 100. With the aforesaid annulment of 400 Equity Shares of Rs.10/- each (forfeited earlier), the paid up share capital of the Bank has increased by Rs.4,000/- (Rupees Four Thousand Only) to Rs.364,26,64,000/- (No. of Shares - 36,42,66,400) as on 14th August, 0716 Aug · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jul 2007
28 Jul · Results
Standalone Results for the quarter ended on 30-JUN-2007 as follows: Interest earned of Rs. 265462 lacs for the quarter ending on 30-JUN-2007 against Rs. 202010 lacs for the quarter ending on 30-JUN-2006. Interest expended of Rs. 169606 lacs for the quarter ending on 30-JUN-2007 against Rs. 113777 lacs for the quarter ending on 30-JUN-2006. Net Profit / (Loss) of Rs. 33084 lacs for the quarter ending on 30-JUN-2007 against Rs. 16332 lacs for the quarter ending on 30-JUN-2006.17 Jul · Management
Shri T. K. Balasubramanian was appointed as non - workmen Director on the Board of Bank of Baroda vide notification no. F. No. 9/28/2004-BO-I dated 28th April 2005 pursuant to Section 9 (3) (f) of the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970. We advice that pursuant to the terms of his appointment vide aforesaid government notification, Shri T. K. Balasubramanian ceased to be Director consequent upon his retirement on 30.06.2007 from bank's services17 Jul · Board meeting
To consider and take on record the un-audited financial Results of the Bank for the quarter/three months ended June 30, 2007 and relevant Segment Reporting.9 Jul · Meeting
Proceedings of Annual General Meeting of the Bank held on July 04, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Jun 2007
29 Jun · Sale of shares
The Bank of Baroda has completed the sale of 4,00,500 shares of National Stock exchange of India Limited (representing 0.90% of NSEIL equity) to Citigroup Strategic Holdings Mauritius Limited at a price of Rs.2281.01 per share and booked a profit of Rs.90.65 crores. The deal was contracted on 14th February 2007 together with other banks and concluded on 28th June 2007 on the receipt of the regulatory approvals11 Jun · Meeting
Annual General Meeting of the shareholders of the Bank will be held on July 04, 2007, to transact the following business: 1) To discuss, approve and adopt the Balance Sheet of the Bank as at March 31, 2007, Profit and loss Account for the year ended March 31, 2007, the report of the Board of Directors on the working and activities of the Bank for the period covered by the Accounts and the Auditor's Report on the Balance Sheet and accounts. 2) To declare Final Dividend for the year 2006-07.8 Jun · Management
Pursuant to powers conferred by clause (a) of Sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980 read with sub clause (1) of clause 3, Sub clause (1) of clause 8 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970/1980 the Central Government after consultation with the Reserve Bank of India vide their notification F.No.9/21/2006-BO.I dated 6th June 2007 have appointed Shri Satish Chander Gupta as a whole time director, designated as Executive Director from the date of his taking over charge of the post and until further orders or till the date of his superannuation i.e. upto 28th February, 2010 whichever is earlier. Shri Gupta has taken over charge as Executive Director of the Bank on 6th June 2007
May 2007
28 May · Meeting
May 26, 2007 as follows (1) The Book Closure is fixed from June 23, 2007 to July 04, 2007 ( both days inclusive) for the purpose of Annual General Meeting (Scheduled to be held on July 04, 2007) and ascertaining the entitlement for Dividend payment (Final) 2006-07. (2) The Board of Directors of the Bank, at its meeting held on April 28, 2007 recommended a Dividend (Final) @ 30% i.e. Rs.3/- per fully paid equity share for the year 2006-2007 in addition of interim dividend at the same rate already paid in March 2007. The said final dividend, subject to declaration in Annual General Meeting, would be payable on and from 16th July 2007.21 May · Miscellaneous
Bank Of Baroda had informed the Exchange regarding its borrowing plan in foreign currency in International Market by way of establishment of ETMN programme for USD 1.5 billion. The Bank has now informed the Exchange that: "Our Bank through its London branch issued Upper Tier II Bonds under the aforesaid EMTN Programme as per the details given below: (i) Status/Format: UT-II/Reg-S- Registered (off the EMTN Programme) (ii) Issue Size: USD 300 Mio (iii) Maturity Date: 25th May 2022 (iv) Call: 25th May 2017 (v) Settlement: 24th May 2007 (Long First Coupon on 25th November 2007) (vi) Coupon: 6.6250% (Semi-annual) (vii) Listing: Singapore Exchange (SGX)".11 May · Board meeting
To consider, approve and take on record, the Consolidated Financial Results of the Bank (Audited) for the year ended March 31, 2007 and relevant segment reporting, in addition to regular agenda.4 May · Management
Pursuant to powers conferred by clause (e) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 as amended vide Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institution Laws (Amendment) Act 2006 read with sub clause (2)(a) of clause 9 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, the Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division) vide their Notification No.F.No.15/10/2006-IR Dated 01st May 2007 have appointed Shri Milind Narayanrao Nadkarni, as Workmen Employees director on the Board of the Bank, for a period of three years from the date of his appointment or until his successor is duly appointed or till he ceases to be a workmen employee of Bank of Baroda or until further orders, whichever is the earliest, provided that he shall not hold office continuously for a period exceeding six years
Apr 2007
28 Apr · Dividend
Board of Directors of the Bank at the meeting held on April 28, 2007, has recommended Final Dividend for the year 2006 - 07 @ 30% (Rs. 3/- per Equity Share of Rs. 10/- fully paid).17 Apr · Board meeting
To consider the following business amongst other businesses : (1) To consider and take on record the Audited Financial Results (Solo) for the quarter / full year ended March 31, 2007. (2) To recommend Final Dividend for the F.Y. 2006-07, if any.9 Apr · Business
The Hon'ble High Court of Rajasthan, Jaipur vide their order No.893 dated 23-03-2007 approved the Scheme of Merger of BOBHFL with Bank of Baroda, a certified copy of which has been filed with Registrar of Companies (ROC), Rajasthan, Jaipur on 5th April 2007. With the aforesaid the BOBHFL (100% subsidiary of the Bank) stands merged with Bank of Baroda5 Apr · Miscellaneous
The Bank of Baroda has decided to increase its Benchmark Prime Lending Rate (BPLR) by 75 basis points from existing 12.50% p.a. to 13.25% p.a. with immediate effect.
Mar 2007
30 Mar · Business
Bank of Baroda has identified M/s. Legal & General, U.K. as its Foreign Joint Venture Partner for Life Insurance Business in India21 Mar · Retirement
Pursuant to the amendment in the clause (i) of Section 9(3) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, vide the Banking Companies ((Acquisition and Transfer of Undertakings) and Financial Institutions Laws (Amendment) Act, 2006, read with Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970 as amended vide Nationalized Banks (Management and Miscellaneous Provisions) (Amendment) Scheme, 2007 i.e. The amended Scheme, Dr. Pradeep. N. Khandwalla, retired as Director from the Board of the Bank.21 Mar · E-mail ID for Investor Complaints
The following e-mail ID is designated exclusively for Investor Complaints and the same is being placed prominently on the website of the Bank, investorservices@bankofbaroda.com. We also note to display the same prominently in the various materials/pamphlets/advertisement campaigns initiated/to be initiated by the Bank for creating investor awareness20 Mar · Limited Review Report
Auditor's have conducted the limited review of the unaudited financial Statements as of December 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements). For more details click here.19 Mar · Dividend
Board of Directors of the Bank at its meeting held today (March 17, 2007) has declared an Interim Dividend for the year 2006-07 @ 30% on the face value of Rs.10/- per equity share (fully paid) i.e. Rupees 3/- per share. The Record Date will be Friday 23rd March 2007 and the Dividend Warrants will bear the date of 30th March 2007.12 Mar · Miscellaneous
Bank of Baroda is in the process of establishing a "Medium Term Note Programme" up to USD 1.5 billon. Under the MTN Programme Bank of Baroda will issue foreign currency bonds in International market from time to time depending upon its funds requirements through Bank's London/ Nassau or any other foreign branch. These bonds will be listed on Singapore Stock Exchange. The brief particulars are given below: (1) The Bank would be issuing various senior / junior subordinated (Inclusive of Upper Tier II and Hybrid Tier I bonds pursuant to R B I guidelines) / other debt instruments (Bonds) from time to time of medium/ long term under the said programme. This is in terms of Bank's endeavor to strengthen its Capital Adequacy Ratio (CAR) in the long run and also to meet its long term funding requirements. (2) The Bank has appointed Barclays Capital, Citigroup and Deutsche Bank as Joint Lead Managers. The Bank has Signed various documents for the establishment of the programme and also for engagement of the Lead Managers / other intermediaries for the said programme on 07th March 2007. (3) The said Programme of the Bank has been awarded credit rating of "Baa2" (for senior and junior subordinated notes Tier II) & "Baa3" (for Perpetual Non cumulative subordinated debts i.e hybrid Tier I debts) by Moody's and "BB" (for unsecured Subordinated Upper Tier II notes & hybrid Tier I debts) & "BBB minus" (for senior debts) by the "Fitch", the leading international credit agencies7 Mar · Board meeting
Inter-alia amongst other business also to consider proposal to declare Interim Dividend for the year 2006-07. Further, it has been decided to fix March 23, 2007 as the "Record Date" for the purpose of ascertaining the list of eligible shareholders entitled to receive the Interim Dividend, subject, however to the acceptance of proposal by the Board. It has also been decided to fix March 30, 2007 as the "Payment Date" for the said purpose.6 Mar · Business
Press release, titled "Bank of Baroda revises Interest Rates on FCNR (B) and NRE Term Deposits effective from 02-March-2007". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.5 Mar · Management
Pursuant to powers conferred by clause (c) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 as amended vide Banking Companies (Acquisition and Transfer of Undertakings) and Financial Institution Laws (Amendment) Act 2006 read with sub clause (1) of clause 3 of the Nationalized Banks (Management and Miscellaneous Provisions) Scheme, 1970, Government of India, Ministry of Finance, Department of Economic Affairs (Banking Division) vide their Notification No.F.No.9/2/2007-BO.I Dated 27th February 2007 have nominated Shri A. Somasundaram, as director on the Board of our Bank, vice Shri H. N. Prasad, Principal Chief General Manager, Department of Administration & Personnel Management, Reserve Bank of India with immediate effect and until further orders
Feb 2007
15 Feb · Miscellaneous
The Bank of Baroda has decided to increase its Benchmark Prime Lending Rate (BPLR) by 50 basis points from 12.00% p.a. to 12.50% p.a. with effect from 15th February 200714 Feb · Memorandum of Understanding
February 14, 2007 that "Bank of Baroda today will be signing an MOU with M/s. Pioneer Global Asset Management, an Italian Investment Management Company and member of Uni Credit Group, to form a Joint Venture (JV) with a view to enhance its presence in the area of Asset Management. Bank of Baroda proposes to disinvest a portion of its shareholding in M/s. BOB Asset Management Company Ltd. (a wholly owned subsidiary of Bank of Baroda) in favour of M/s Pioneer Global Asset Management for the purpose of converting the its Asset Management Company into a Joint Venture. Bank of Baroda and M/s. Pioneer Global Asset Management propose to hold 49% and 51% of equity share capital and 30% and 70% of total paid-up capital respectively in the proposed JV. Bank of Baroda and M/s Pioneer Global Asset Management will leverage on respective joint expertise in building a leading asset management platform in India through the proposed Joint Venture".