Adani effect? PSU bank stocks fall up to 7%; SBI, PNB, BoB lead
Indian banks and NBFCs have given over ₹88,000 cr in loans to the Adani Group, with three big PSBs (SBI, PNB, Bank of Baroda) having exposure of nearly ₹40,000 cr.
bank of baroda
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December 2023
Chand’s Growth Focus Helps BoB Beat Peers
Fast loan growth and sharp decline in bad loans help the bank grow profits by 129% CAGR over three years.
Bank of Baroda raises ₹5,000 cr via infra bonds; here’s how stock reacts
The issue received an overwhelming response from investors with a total of 105 bids amounting to ₹14,215 crore against the total issue size of ₹5,000 crore.
How We Did It
The Fortune India-Grant Thornton Bharat study of India’s Best Financiers incorporates India’s best banks and NBFCs.
Bank of Baroda slapped with ₹1,068 cr tax order; share dips
BoB says it has adequate factual and legal grounds to reasonably substantiate its position in the matter, and expects the entire demand to subside
PSU bank shares end in red; IOB, UCO Bank, Central Bank fall up to 5%
The weakness in PSU banks was in sync with the broader market as investors booked some profit ahead of the general election results due on June 4.
BoB Q4 profit surges 2.3% to ₹4,886 cr; FY24 profit up 26.1%
PSU lender's net interest income grew 2.3% YoY to ₹11,793 crore in Q4 while for full fiscal NII stood at ₹44,722 cr
RBI lifts ban on Bank of Baroda to onboard customers via BoB World app; stock rises 3%
Following the lifting of restrictions, BoB will resume onboarding new customers through the BoB World app.
PSU banks end in red after RBI proposes tighter project finance rules; SBI, PNB, BoB fall up to 6%
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
PNB shares hit 52-week high; becomes third PSU bank to achieve ₹1 lakh cr mcap
The market cap of PNB crossed ₹1.01 lakh crore today after the shares of the PSU lender rose 2.1% to hit a fresh 52-week high of ₹91.81 intraday.
