Bank of Baroda is the second largest public sector bank in India. It is headquartered in Vadodara, Gujarat. The bank has 132 million customers, with a total business of US$218 billion. The bank also has a presence in 100 overseas offices.
What is the target of Bank of Baroda share?
Bank of Baroda is a government-run banking institution that has been around since 1908. The Maharaja of Baroda, Sayajirao Gaekwad III, founded it in 1908. It has branches in 24 countries and operates in four segments.
The company has been named the second biggest bank in India behind the State Bank of India. In addition, the company has a workforce of over 52,000. Its headquarters are in Vadodara, Gujarat. With total assets worth more than Rs. 20,000 crore, it is the biggest public sector bank in the country.
Bank of Baroda is a good company to own if you’re looking for a stable investment. It’s stock has been on a tear for the last 12 months. On a quarterly basis, the firm reported a net profit of Rs. 13.8 crores in FY17. It has also received the National award for performance under the PMEGP scheme.
One of the biggest reasons why the company’s share price has been on a steady climb is its impressive portfolio of loans. It offers a broad range of banking services including commercial, retail and corporate lending. But the real story lies in its treasury segment. This includes the entire investment portfolio.
The most obvious way to invest in this company is to take up a long position. However, if you’re looking for a better option, you can go for a short trade. If you decide to go short, it is advisable to use a reliable trading platform like TickerPlant to make sure your portfolio is always safe.
What is the lot size of Bank of Baroda future?
The Bank of Baroda futures have a lot size of 5,850 units. This is the most expensive of all of the options. There are only 8168 branches in India and 94 overseas. In the year 2010-11, it won a National award for its performance under the PMEGP scheme.
While the company is headquartered in Vadodara, Gujarat, the main operations are based in Mumbai. It is among the top ten banks in India in terms of market share. After a merger with Dena Bank, it became the third-largest bank in the country. On 27 June 2019, the company scheduled its annual general meeting.
As of this writing, the Bank of Baroda is not a part of the Nifty and has a flier-free futures contract that expires on 24 January 2023. For a limited time, the futures contract will also feature an introductory discount. Amongst other things, the most noteworthy change is that the Bank of Baroda will be excluded from the prestigious Bank Nifty Index. A similar effect was recently witnessed by Bandhan Bank.
Considering the company’s impressive financials and its position in the Indian banking sector, the decision was a no-brainer. With a market capitalization of USD 5.8 billion, the company’s balance sheet is one of the largest in the nation. The company also ranks as one of the most profitable lenders in India, having a credit rating of AAA.
Having been a part of the industry since 1996, the Bank of Baroda has had its fair share of highs and lows, but has a reputation for being a high-quality institution. Its stock is traded on both the NSE and the Bombay stock exchange, and the company has a branch in London. Despite the challenging business climate, the Bank of Baroda has a strong customer base and plans to boost its presence in the market.
Who is the biggest shareholder of Bank of Baroda?
Bank of Baroda is a leading commercial public sector bank in India. It has a number of subsidiaries around the world. With its 8246 domestic branches and 99 branches overseas, it offers banking services to consumers and businesses. In addition to offering personal and business banking solutions, it also offers foreign currency credits, debit cards and lockers. Moreover, the bank provides a range of deposit accounts and retail loans.
The company has been around for almost a century. It was founded in 1908 in the princely state of Baroda, Gujarat. After a merger with New Citizen Bank in 1962, the bank changed its name to the Bank of Baroda. Later, the government of India nationalized the bank in 1969. This allowed the government to acquire a substantial shareholding.
Today, the Bank of Baroda is a publicly traded company listed on the Uganda securities exchange. As a result, its balance sheet is fueled by increased domestic lending. It has a number of international branches, and its operations are spread out in 25 countries. However, the biggest shareholder of the bank remains the government of India, which holds 66% of its equity.
Interestingly, Bank of Baroda’s shares are trading in a range of Rs165 to Rs190 apiece. At this rate, there is strong support in the share price. Nevertheless, investors should update their information with their stock brokers, as the bank might be in a dilemma where to put accumulating dividend money.
When Bank of Baroda will be profitable?
Bank of Baroda has been around for a century or so and has had a rich history. It is part of the state-owned banking sector and is known for its financial prudence and corporate governance. But in the past few years, it has endured a string of losses. The good news is, it is on track to become profitable again in the near future. One reason for this is a slew of improvements in the loan book.
For instance, advances increased by 19 percent compared to the year before. At the same time, it also reduced its provisions by 69 per cent. This helped the lender to deliver a solid quarter. The company reported a record net profit of Rs 3,313 crore in the three months ended September. Although it hasn’t yet released its results for the fourth quarter, analysts expect the bank to report double digit growth in the coming months.
In addition to that, it also boasted of a 58.7 per cent increase in its net profit compared to the same period a year ago. Moreover, its trading gains soared 55 per cent. And while it may not be the largest bank in the country, it has the second largest contribution to the pool of profit makers after SBI.
Of course, its net interest income also grew a bit, up 21.2 percent compared to the same period last year. On the other hand, its sequentially improved yield on advances went from 6.55 per cent to 6.92 per cent.
Is it worth investing in Bank of Baroda share?
Bank of Baroda is one of the leading commercial banks in India. With more than 52,000 employees, Bank of Baroda offers its services to a wide range of customers. It has a strong global presence through its branches in 24 countries.
Besides, the bank also provides its services to Indian nationals living abroad. Moreover, it offers various types of services including personal, business, trade and forex operations.
The company is one of the biggest public sector banks in the country. Its net profit in the fiscal year 2017-18 stood at Rs 13.8 crore, which is a substantial growth.
The company has been awarded ‘Makers of Excellence’ under APY by the Pension Fund Regulatory and Development Authority (PFRDA). The Bank of Baroda stock has shown a bullish trend in the past 12 months. However, its share price is still under 132 levels.
In the last few years, the Indian Banking industry has experienced rapid growth due to the growing demand for credit. The increasing consumer spending and favorable government policies have also contributed to the rising demand.
This is a good time to invest in Bank of Baroda. Analysts remain positive about the company’s future upside. But, if you are a first time investor, it is advisable to get a comprehensive analysis before making a decision.
Bank of Baroda is a listed company on the BSE and has offices in Mumbai, Ahmedabad and Vadodara. Apart from offering the standard banking services, the company is actively empowering the unbanked segment of the country.
Will Bank of Baroda give dividend?
If you are looking for a dividend stock that will make you smile ear to ear you need not look too hard. Bank of Baroda is a company that has been growing at a rapid pace. This is a good thing for investors. Not only can it pay its shareholders handsomely, it has the requisite breathing room should anything go wrong.
The stock is up 8.78 percent today, a healthy if not record high. While the price might warrant a consolidation, it still makes for a solid buy if you have patience. However, the company has not been a dividend king in a while. In fact, its last cash payout was in 2016. There is no reason to believe that the dividend era is over. That said, the bank is likely to keep on truckin’, especially with a capital expenditure boom in the offing.
A dividend may not be on your list of priorities, but the company does manage to squeeze out a fair share of free cash. In fact, it has already tucked away 25 billion shillings for the year 2020. To get the most out of your money, you might need to wait until next year’s earnings announcement.
A dividend is a great way to keep your money working for you. As such, it is not surprising that the company reinvests its profits into its various business units. Of course, the best way to maximize your returns is to invest in a company with a proven track record of growth.
BOB Share Price List:
|Year||Highest Price||Lowest Price||Average Price|
|2018||Rs. 174.85||Rs. 94.50||Rs. 130.58|
|2019||Rs. 153.80||Rs. 80.50||Rs. 116.35|
|2020||Rs. 107.50||Rs. 36.80||Rs. 58.66|
|2021||Rs. 107.95||Rs. 64.60||Rs. 85.82|
|2022||Rs. 97.20||Rs. 72.35||Rs. 84.77|