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. Investors are found showing their interest in the Bank of Baroda IPOs because of many reasons.
The bank is engaged in rendering a host of services that includes 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 financial services to the valued individual customers in the country. BOB also provides financial and credit services to MSME, corporate, agriculture, and other business entities on certain terms. Bank of Baroda's IPO price is generally based on its creditworthiness.
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.
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.
The bank is known to facilitate multiple products and services. Customers can take the advantage of the following products:
Each of the above-mentioned products has its eligibility, features, pros, and cons. So, we recommend you choose a product after gathering the relevant information about it.
The bank has many branches and offices in operation at varied locations. The aim is to reach more and more customers resulting in increased business.
Controlling Offices have their own importance. They play a vital role in managing the different activities of the bank.
| YEARS | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| TOTAL ASSETS | 1,340,137 | 1,202,675 | 1,199,942 | 819,671 | 747,804 |
| REVENUE | 87,780 | 89,001 | 91,086 | 60,793 | 54,048 |
| PROFIT | 7,700 | 1,454 | 942 | 1,087 | -1,912 |
| Total Assets | Debt- Equity ratio | Net worth | Net profit margin |
|---|---|---|---|
| 1,340,137 | 1.88 | 8.54 | 0.58 |
Unlike other organisations, the Bank of Baroda has board of directors with dynamic personalities.
➢ Shri Sanjiv Chadha
➢ Dr Hasmukh Adhia
➢ Shri Ajay K Khurana
➢ Shri Vikramaditya Singh Khichi
➢ Shri Joydeep Dutta Roy
➢ Shri Debadatta Chand
The contribution of BOB’s board of directors has helped the bank outperform. Today, it is one of the preferred people’s choice banks.
Incorporated on July 20, 1908
Commenced as a private bank
Registered name The Bank of Baroda Ltd.
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
The Bank’s first international branch was opened in Mombasa Kenya in the year 1953
The Umargaon Peoples' Bank & Tamilnadu Central Bank in the year 1964 merged with Bank of Baroda Ltd.
The Bank was nationalized, and the name was changed in July 1969 from 'The Bank of Baroda Ltd' to 'Bank of Baroda'.
Bank of Baroda IPOs is awaited for their great features. People looking for decent returns and low risk prefer buying BOB shares. Also, investing in BOB bonds is free from hassle.
To conclude Bank of Baroda is among the top public sector banks in the country. You can find its availability in every nook and corner. People prefer banking with BOB because of many good reasons. Investing in Bank of Baroda perpetual bonds may be an ideal decision for risk-averse investors. It may also help you earn the desired ROI.
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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