State-owned Bank of Baroda (BoB) has pipped PNB to become the country's second largest public sector lender in terms of annual profit.

Lower tax provisions helped public sector lender Bank of Baroda to report a 17.3 per cent rise in net profit for the quarter ended March 31, at Rs 1,518 crore, from Rs 1,294 crore in the corresponding period a year earlier.

Total income rose to Rs 9,016.3 crore during the quarter quarter from Rs 7,168.6 crore in the same period last fiscal, BoB said in a filing to the BSE.

Asian Paints and Bank of Baroda rise ahead of their inclusion in the 50-share Nifty index on Friday.

The National Stock Exchange on Wednesday said it would exclude two Anil Dhirubhai Ambani Group companies — Reliance Power and Reliance Communications — from its benchmark Nifty index from April 27. These two companies will be replaced by Asian

Public sector lenders Bank of Baroda (BoB) and Union Bank of India today said they would take a call on slashing interest rates in specific segments once the RBI has announced its mid-term policy review.

Bank of Baroda today said Spanish lender Banco Bilbao Vizcaya Argentaria (BBVA) has called off the proposed joint venture with its arm Bobcards for the credit card business.

Public sector Bank of Baroda (BoB) will expand its overseas network by increasing up its presence in Africa, Middle East and entering New Zealand for the first time, a top company official said.

Bank of Baroda is trading lower by 4% at Rs 759, extending its Wednesday’s over 1% fall after the bank said that its net non-performing assets (NPAs) rose to 0.51% in December from 0.36% on year ago.

Bank of Baroda today posted a growth of 20.7% in the net profit for the thrid quarter ended December, 2011 at Rs 1,290 crore on strong fee income.

Bank of Baroda (BoB) plans to convert all of its metro and urban branches across the country into sales and service outfits known as “Baroda Next&" branches in a phased manner.

The government has agreed to infuse fresh capital of Rs 775 crore in Bank of Baroda (BoB) by the end of March 2012, Chairman and Managing Director M D Mallya said on Monday.

Bank of Baroda (BoB) plans to expand its international operations by opening more than a dozen branches and representative offices overseas in six months, Chairman and Managing Director MD Mallya said today.

Even as the 2011 calendar year ended on a weak note for the industry, Bank of Baroda (BoB) was able to sustain its asset quality and margins.

The government has agreed to infuse Rs 775 crore in the third-largest state-owned lender Bank of Baroda (BoB), a top official of the bank said today.

After private banks, it is now the turn of large public sector banks to raise interest rates on non-resident (external) rupee (NRE) deposits after the central bank lifted the cap on rates for these deposits.

Bank of Baroda (BoB), did several things right in the September quarter, demonstrating a surprisingly strong net interest income (NII) growth and a stable portfolio quality, in what is a clearly tough operating environment.

Bank of Baroda (BOB), the public sector bank, did several things right in the September 2011 quarter demonstrating a surprisingly strong net interest income (NII) growth as well a stable portfolio quality in what is a clearly tough operating environment.

The bank had a net profit of Rs 1,019.8 crore in the corresponding quarter last fiscal.

The finance ministry is likely to take a call on capital infusion in public sector banks, including the country's largest lender, the State Bank of India, for the current financial year by the middle of next month.