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Bank of Baroda Personal Loan News - Feb 2021
- 2021-01-28 : Bank of Baroda reported Q3 net profit of ₹1,061 crore
Bank of Baroda posted a net profit of ₹1,061 crore backed by home, personal, car, two-wheeler and gold loans along with business and mudra loans for the third quarter ended December 31, 2020 as compared to a net loss of ₹1,407 crore due to a sharp reduction in provisioning for bad loans. Total income was lower at ₹20,664 crore as compared to ₹21,809 crore in the year earlier. - 2020-10-30 : Bank of Baroda Q2 profit surges 128%
Bank of Baroda reported a net profit of ₹1,679 crores for the quarter ending 30 September. Net interest income during the quarter grew by 6.8% to ₹7,508 crores. The consolidated net profit stood at ₹1,771 crores in the September quarter. Further, the advances backed by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans increased by 5.3%. CASA ratio increased to 39.78%, up by 190 bps year-on-year. - 2020-09-21 : BOB replicates ‘cluster model’ tractor financing
With an aim to help the farmers, Bank of Baroda has is planning to extend its cluster model tractor. This model will ensure a focused approach at all levels with dedicated officers being assigned specific roles to provide a qualitative and compliance-oriented growth of the segment apart from reducing the turnaround time (TAT). - 2020-08-11 : Bank of Baroda reported a net loss of ₹864 cr in Q1
Bank of Baroda posted a net loss of ₹864 crores for the three months to June, owing to higher provisions for loans. Net interest income backed by retail loans like home, personal, gold, car, two-wheeler and gold loans along with business and mudra loans increased 5% y-o-y to ₹6,816 crores in Q1 FY21. Further, The total advances grew 8.6% y-o-y to Rs. 7.36 trillion. - 2020-06-15 : Bank of Baroda to completely digitise lending
Bank of Baroda is planning to completely digitise its lending operations including home, agricultural, MSME, personal and auto loans. The move is likely to ease the lending process.
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