BOB insisted the fresh move, which was based on certain supervisory concerns that RBI observed in the lender's mobile banking onboarding processes, would not have a material impact on the bank’s overall business and growth plans.
Bank of Baroda: The bank had last week suggested that its board would meet on October 11 to approve the raising of funds through issuance of long term bonds for financing of infrastructure and affordable housing.
The banking system’s credit growth remained healthy at 15 per cent (ex-HDFC) for the fortnight ended September 8, 2023, running above the 12-13 per cent growth noted by Emkay Global.
State-run lender IOB topped the volume chart on NSE. The stock climbed 3.31 per cent to Rs 45.30, as 20,37,39,453 shares worth Rs 950 crore changed hands on the counter by 1 pm.
BOB shares: B&K Securities said the bank’s margin may remain soft in September quarter and would improve only in H2FY24 with term deposit re-pricing cycle gradually getting over.