Bank of Baroda is an Indian nationalized banking and financial services company headquartered in Vadodara. It is the 3rd largest PSB in India after SBI, with 132 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices.
- The government of India nationalized the bank, along with 13 other major commercial banks of India
on 19 July 1969 and designated as a profit making public sector undertaking (PSU). - Bank of Baroda Apex Academy Research Team of Baroda bagged the 3rd prize in Technology
Category for their paper on the theme ‘Technological Development in Banking and Payment Systems’
at the 5th International Youth Symposium by Gujarat University. - Bank of Baroda is awarded ‘Golden Peacock HR Excellence Award’ for the year 2020 for Excellence
in Human Resources Management. - All branches of Vijaya Bank and Dena Bank have now become Bank of Baroda branches.
June 2022 Quarter Highlights
- The government of India nationalized the bank, along with 13 other major commercial banks of India
on 19 July 1969 and designated as a profit making public sector undertaking (PSU). - Bank of Baroda Apex Academy Research Team of Baroda bagged the 3rd prize in Technology
Category for their paper on the theme ‘Technological Development in Banking and Payment Systems’
at the 5th International Youth Symposium by Gujarat University. - Bank of Baroda is awarded ‘Golden Peacock HR Excellence Award’ for the year 2020 for Excellence
in Human Resources Management. - All branches of Vijaya Bank and D ena Bank have now become Bank of Baroda branches.
Valuation and View
BOB reported a steady operating performance and lower provisions helped rise in net earnings. 3 QoQ business growth is healthy, mainly led by Retail loans, while margin declined slightly as deposit cost increased due to rising interest rates. CASA mix was stable Asset quality improved as slippages moderated. We expect bank should perform well in FY 23 and value the stock at INR 177. We maintain our Buy rating.
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