Bank of Baroda News

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In the last two trading sessions, banking stocks have witnessed slightly higher volatility. But don’t assume that volatility is always a bad word. Some banks will report their numbers soon, and given that interest rates are headed south, there might be some pressure on margins, which should not be a surprise. Sometimes, volatility is an opportunity if things are improving structurally. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Shares of Reliance Power and Reliance Infrastructure fell sharply after the ED arrested senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, linked to Rs 3,000 crore Yes Bank loans, is part of a broader PMLA probe into the Anil Ambani Group’s financial irregularities.

MCLR w.e.f 12.10.2025

Bank of Baroda outstanding bonds as on 30.09.2025

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It is after quite some time that banks have come out with quarterly business updates that are upbeat both about the quarter gone by and the current quarter. Given that banks are the providers of credit for rising consumption, a part of their business will witness a recovery as consumption demand picks up. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Passive funds are increasingly popular among Indian retail investors, with 68% investing in index funds or ETFs. AUM has grown sixfold in six years to ₹12.2 lakh crore, driven by low costs, diversification, and rising awareness.

Public sector banks have staged a major comeback in FY26, with the Nifty PSU Bank Index soaring 20% in six months. Indian Bank and Canara Bank lead gains, each up nearly 41%. Analysts see PSU lenders outperforming private peers as profits, RoA, and credit growth improve.

Jaguar Land Rover, Tata Motors' UK subsidiary, plans to raise a £500 million private loan to support its supplier base and stabilize operations after a significant cyberattack. This funding is separate from a pending £1.5 billion state-backed guarantee. JLR is restarting production, but full recovery is not anticipated before Christmas, prompting additional financial efforts.

Vodafone Idea share price: Vodafone Idea has approached the Supreme Court to quash the DoT’s Rs 9,450 crore AGR demand, citing inconsistencies with earlier guidelines. The telco also seeks reassessment of dues up to FY17.

Bajaj Finance share price: Bajaj Finance posted a 24% YoY rise in AUM to Rs 4,62,250 crore in Q2FY26, led by strong retail lending and a 5.4% growth in deposits. Bajaj Finance added 4.13 million new customers and saw loan bookings surge 26%, highlighting robust operational performance.

Provisional Business Figures 30.09.2025

PSU bank stocks fell up to 1.4% on Wednesday after RBI kept the repo rate unchanged at 5.5% and maintained a neutral stance. The Nifty PSU Bank index slipped 0.78% to 7,468, with Indian Bank, Canara Bank, and PNB among the top decliners. SBI and Bank of Baroda also dipped, despite RBI raising FY26 GDP growth forecast to 6.8%.

One sector where actual performance has been better than what was expected has been banking. Look at the NPA trend. From private banks to PSUs, practically every bank continues to improve its NPA situation. Yes, there are exceptions among small finance banks, but large parts of the retail and wholesale banking space are better placed than they were a year back. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Change in Management

Indian benchmark indices opened higher on Tuesday, September 30. Metal, pharma, and IT stocks led the gains. Realty stocks faced selling pressure. Investors now await the RBI MPC meeting outcome scheduled for tomorrow. The market remained bearish due to US tariffs and FII selling. Nifty approached a critical support zone, with caution advised for traders.

Indian public sector banks have transformed into powerful wealth creators, multiplying investor wealth over five times since FY20, with their combined market cap surging to Rs 16.40 lakh crore. This re-rating is fueled by fundamental improvements like drastically reduced NPAs, strong RoA, and outperforming private banks in loan growth.

Markets extended their losing streak for the sixth consecutive session, with the Nifty approaching key support levels, prompting analysts to advise caution. Meanwhile, Waaree Energies confirmed its expansion plans despite a US tariff probe, HDFC Bank's Dubai branch faced client onboarding restrictions, and Tata Motors announced a new MD & CEO.

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Disclosure under Regulation 30

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State Bank of India could attract up to $466 million in passive inflows if the foreign investment limit for public-sector banks is raised from 20% to 26%, Nuvama Institutional Equities said. The move would allow higher MSCI index weightings. The government is reportedly considering the change as part of reforms to boost capital while retaining at least 51% public ownership in PSBs.

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Closure of Trading Window - Q2

Public sector bank stocks surged on Wednesday. This followed reports that the government is considering raising the foreign direct investment limit. The current limit is 20%. The move aims to attract more capital. It also seeks to strengthen the banks' role in economic growth. Indian Bank shares led the rally. The Nifty PSU Bank index also saw gains.

While everyone is looking at direct consumer plays, one of the gainers of the cut in GST rates is the banking sector – especially those banks with a decent presence in the retail segment. They are the ones who will be financing the buying of all additional automobiles sold because of the GST rate cut. Also, if we are hoping to see a consumption-led recovery, it is very likely that banks will be big beneficiaries, along with other financial sector players. Why? Because, beyond automobiles, a lot of consumer goods, from electronics to white goods, are financed these days.

Defence and PSU bank stocks drive market outperformance, though defence shows signs of fatigue. Analysts expect PSU banks to sustain momentum, while smallcaps eye breakout. VIX lows hint stability but caution lingers.

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Corporate India is increasingly diversifying its funding sources, with nearly half of the resources raised in FY25 coming from non-banking channels like equity markets and NBFC loans. While the total financial resources to the corporate sector saw a modest increase, bank credit demand declined, influenced by strong equity market performance and cautious lending.

Given what we have been hearing in the recent past, we are probably not far from some announcements about mergers in the PSU banking space. The government appears clear that India needs banks which are of global size. However, unlike in the past, where mergers were executed between weak and strong banks, this time it is more likely to be on the basis of their strengths in particular areas. But there is a difference between a global bank and a global-sized bank. India will probably first focus on a global-sized bank rather than a global bank.

Extension of tenure Shri Sanjay Vinayak Mudaliar, Executive Director

Extension of tenure of Shri Lalit Tyagi, Executive Director

Reliance Power and Reliance Infrastructure shares rebounded after recent losses, despite ongoing legal challenges for Anil Ambani and bearish technical indicators. Recent contract wins in renewable energy and modest earnings recoveries offered some support. However, investigations and debt concerns continue to cast a shadow over the companies' long-term prospects, creating uncertainty for investors.

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National Asset Reconstruction Company is selling Wind World's debt. The reserve bid is ₹1,250 crore. Omkara ARC has emerged as the anchor bidder. They offered around ₹1,250 crore. NARCL acquired the distressed company's loans 18 months ago. The acquisition amount was ₹672 crore. The resolution process is underway. The Swiss Challenge auction is expected to wrap up soon.

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Indian banks are projected to reduce dividend payments in fiscal year 2026 due to squeezed profitability from slowing loan growth, according to S&P Global Market Intelligence. The total dividend payout of 12 major banks is expected to decline by 4.2% to $5.98 billion. HDFC Bank and Bank of Baroda are anticipated to cut dividends, while SBI's payout will remain stable.

MCLR w.e.f 12.09.2025

Reliance Power and Reliance Infrastructure shares have fallen nearly 36% in three months, raising concerns about Anil Ambani’s corporate comeback. Legal cases, lender scrutiny, and profit volatility overshadow operational gains, leaving investors uncertain about the sustainability of the turnaround.