Bond Issuer
Bank of Baroda
Bank of Baroda (BOB) is an international banking and financial services company. BOB operates as a public sector undertaking (PSU) in India. The bank's market capitalization on 21 …
Issuer Overview
Bank of Baroda (BOB) is an international banking and financial services company. BOB operates as a public sector undertaking (PSU) in India. The bank's market capitalization on 21 June 2022 stood at Rs. 49,670 crores. The BOB shares are listed with the code number 532134 on the Bombay Stock Exchange and the National Stock Exchange with the code BANKBARODA.
About Company
Bank of Baroda is a reputed public sector bank serving people countrywide. The bank is known to perform well and has been successful in attracting retail and institutional investors. Bank of Baroda NSE 1.20 % has successfully raised Rs. 2,474 crores by issuing bonds at the rate of 7.88% through stock exchanges. The bank allotted a total of 2,474 unsecured Basel III additional tier I perpetual non-convertible bonds, valuing Rs. 1 crore each recently.
Business Overview
The bank's shareholding pattern on 31 March 2022 showed a 63.97% stake with promoters, a 9.14% stake with foreign institutional investors, a 15.07% stake with domestic institutional investors, and an 11.82% stake with the public. BOB's share price on 21 June 2022 on BSE closed at Rs. 96.05. BOB's share price on NSE also closed at Rs. 96.05. The 52-week high for BOB Bank's share price was Rs. 122.70 and the 52-week low for Bank of Baroda's share price was Rs. 72.50. Buying Bank of Baroda bonds may bring to you the desired ROI.
Key Highlights
- Public sector bank with nationwide and international presence
- Listed on BSE (532134) and NSE (BANKBARODA)
- Diversified retail, corporate, MSME and agri franchise
Credit Rating
AA+/Stable (indicative; verify latest agency ratings)
Industries Served
- Retail Banking
- Corporate Banking
- Agriculture Finance
- MSME Lending
- Insurance Distribution
Strengths
- BOB also provides financial and credit services to MSMEs, corporate entities, agriculture sector, and other businesses on specific terms.
- The IPO price of Bank of Baroda is typically determined based on its creditworthiness.
- The Bank was established with a paid-up capital of Rs 1 million
- Maharaja Sayajirao III of Baroda established the bank
- The Bank in the year 1910 opened its first branch in Ahmedabad
- The first bank branch in Mumbai was opened in the year 1919
Risk Factors
- Credit and asset-quality risks inherent to banking portfolios
- Interest-rate and liquidity risks may affect bond valuations
- Regulatory and capital requirements for banks can change over time
Why Invest
- Bank of Baroda (BOB) is an international banking and financial services company operating as a public sector undertaking (PSU) in India.
- As of June 21, 2022, the bank had a market capitalization of Rs. 49,670 crores.
- BOB shares are listed on the Bombay Stock Exchange with the code number 532134 and on the National Stock Exchange with the code BANKBARODA.
- Investors are attracted to Bank of Baroda IPOs due to various reasons.
- BOB offers a wide range of services including savings accounts, current accounts, education loans, Demat accounts, home loans, vehicle loans, mutual fund investments, general insurance, health insurance, government deposit schemes, life insurance, and more to individual customers.
Financial Snapshot
- Total Assets
- ₹13,40,137 Cr
- ROCE
- 1.88%
- ROE
- 8.54%
- ROA
- 0.58%
FAQs
Yes, you can use the Bank of Baroda Net Banking facility to apply for an IPO online.
Bank of Baroda supports one IPO application per bank account. For the same, the primary bank account holder and Demat account holder should be the same (same PAN numbers).
You are allowed the choice to cancel/withdraw an IPO application while that specific IPO is still open.
Company share prices are unpredictable and change based on market conditions. As of Dec 07, 2022, the closing price of the Bank of Baroda share was Rs. 176.50.
You can buy Bank of Baroda shares through a brokerage firm and other sources.
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Disclaimer
The facts and information on this page are for information and awareness purposes only. No information provided here is intended for any specific user and should not be construed as investment advice or a recommendation of any kind. Consult your professional investment or tax advisor before investing in any securities, including bonds mentioned on this page. Digifinn (Launchpad Fintech Private Limited) shall not be liable for losses incurred based on decisions made using information on this page. Investments in debt securities are subject to credit, market, liquidity and default risks. Past performance is not indicative of future results. Verify the latest credit ratings, offer documents and suitability before investing.