# BANKBARODA (BANKBARODA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/bankbaroda

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹233.8
- Change: +0.65%
- As of: 2026-09-18
- 1D return: +1.14%
- 5D return: -1.13%
- 1M return: -3.91%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, BANKBARODA is trading at ₹234.94, with a daily technical stance indicating a bearish trend. The stock's price is below key moving averages including the 20-day EMA (₹238.24), 50-day EMA (₹244.66), and the 200-day SMA (₹272.63). The daily Supertrend indicator is also in a bearish zone at ₹245.88. This aligns with the weekly timeframe, which also shows a bearish Supertrend (₹267.59) and the price below its 20-day EMA (₹252.82) and 50-day EMA (₹260.47). However, the monthly timeframe presents a conflicting bullish Supertrend at ₹223.60, with the price above this indicator, suggesting potential underlying support on a longer-term view despite the current short-to-medium term weakness. A "Shooting Star" pattern was observed on the monthly chart on September 18, 2026.

The nearest resistance level is observed at ₹235.14, a mere 0.09% above the current price. Further resistance lies at ₹237.98 (1.29% away). On the downside, the nearest support is at ₹233.62 (0.56% below), followed by ₹230.78 (1.77% below). The stock's current drawdown is -0.28%, with annualized volatility at 0.28%. The risk is further highlighted by a downside deviation of 0.20% and a maximum drawdown of -0.28%.

Key watch conditions include monitoring the price action around the immediate resistance at ₹235.14. A sustained move above this level could signal a potential short-term shift. Conversely, a break below the nearest support at ₹233.62, and especially below ₹230.78, would reinforce the current bearish sentiment across daily and weekly timeframes. The divergence between the monthly bullish Supertrend and the weaker daily/weekly trends warrants close observation for any trend confirmation or reversal signals.

- The stock's current price is ₹234.94 as of September 18, 2026.
- Daily and weekly timeframes indicate a bearish trend, with prices below key moving averages and Supertrend indicators.
- The monthly timeframe shows a bullish Supertrend, creating a divergence with shorter-term trends.
- Nearest resistance is at ₹235.14, with support identified at ₹233.62 and ₹230.78.
- Watch for a break above ₹235.14 for potential short-term strength or a break below ₹230.78 to confirm further downside.

- Shooting Star
- Outside Bar
- Harami
- Bearish Engulfing Reversal
- Doji

### News Context

The Indian banking sector experienced volatility, influenced by a false government notification regarding a potential merger of public sector banks. While the government clarified the document's inauthenticity, the initial rumor caused positive reactions in public sector bank stocks. Separately, the Nifty Bank index saw a decline after a US Federal Reserve rate hike, with specific banks like HDFC Bank, Yes Bank, and ICICI Bank among the laggards. The National Stock Exchange (NSE) IPO continued its bidding process, with Day 2 seeing a subscription rate of 43% and a reported grey market premium (GMP) of approximately 8%. On Day 1, the IPO had garnered bids for 3,83,37,528 shares against 8,86,42,912 shares on offer.

- On September 18, 2026, public sector bank stocks reacted positively to rumors of a merger, which the government later debunked as originating from a fake document.
- The Nifty Bank index faced selling pressure on September 17, 2026, following a US Federal Reserve rate hike, with HDFC Bank shares falling 0.89%.
- The NSE IPO, valued at ₹22,562 crore, commenced its bidding on September 17, 2026, with a reported grey market premium (GMP) of around 8% on September 18, 2026.
- By the end of Day 1 of bidding for the NSE IPO on September 17, 2026, the issue was subscribed 14% in the first hour, and by Day 2, it reached 43% subscription.
- The NSE IPO's indicative listing price, based on a GMP of 7.84% over the issue price of ₹1,785, suggested a potential listing price of approximately ₹1,925 as of September 17, 2026.

- NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- Nifty Bank fails to hold ground after US Fed rate hike; HDFC, Yes Bank, ICICI among top laggards; Will they turn tide?
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?

### What Changed

Recent news for Bank of Baroda (BANKBARODA) on the NSE has been influenced by broader market events affecting public sector banks. On September 18, 2026, the stock closed at ₹234.94, a slight increase from its previous price of ₹232.30. This movement occurred amidst reports of a fake merger document circulating online, which falsely claimed a merger of public sector banks. The government clarified the document's inauthenticity, but the rumors led to positive reactions in PSU bank stocks. Separately, news related to the NSE IPO, which is unrelated to Bank of Baroda, indicated a grey market premium of 8% and a subscription rate of 43% on its second day of bidding, commencing September 17, 2026. These events do not appear to be directly linked to Bank of Baroda's operational performance but reflect market sentiment towards the banking sector.

- On September 18, 2026, BANKBARODA's closing price was ₹234.94, up from ₹232.30 previously.
- Public sector bank stocks, including BANKBARODA, reacted positively to unconfirmed rumors of a merger on September 18, 2026, before the government clarified the news was false.
- News on September 17, 2026, reported the NSE IPO, unrelated to Bank of Baroda, had a 43% subscription rate and an 8% grey market premium on its second day of bidding.

- NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details

### Official Filings

Bank of Baroda has confirmed the payment of interest on several of its bond issuances. On September 11, 2026, the bank paid Rs. 38,75,00,000.00 in annual interest for its BOB Bonds Series XXII, which mature on September 11, 2026. This issuance had an original size of Rs. 500,00,00,000.00 and carries a credit rating of AAA Stable. Earlier, on September 9, 2026, the bank disbursed Rs. 363,00,00,000.00 in annual interest for its BOB LTB Series V bonds, which have an issue size of Rs. 5000,00,00,000.00 and are rated AAA Stable. Additionally, on September 2, 2026, Rs. 1,94,95,12,000.00 in interest was paid on the BOB PDI XIX bonds, part of a Rs. 24,74,00,00,000.00 issuance, with ratings of AA+/Stable. These payments demonstrate the bank's fulfillment of its debt obligations. In other news, the bank announced that its Marginal Cost of Funds Based Lending Rate (MCLR) would remain unchanged effective September 12, 2026, with rates across tenors from overnight to one year staying at their existing levels. Separately, Sumit Sachdeva resigned from his position as Head of Large Corporate Relationships, effective September 9, 2026, citing personal and professional aspirations.

- On September 11, 2026, Bank of Baroda paid Rs. 38,75,00,000.00 in annual interest on BOB Bonds Series XXII.
- On September 9, 2026, Rs. 363,00,00,000.00 in annual interest was paid on BOB LTB Series V bonds.
- On September 2, 2026, Bank of Baroda paid Rs. 1,94,95,12,000.00 in interest on BOB PDI XIX bonds.
- Bank of Baroda's MCLR rates remained unchanged effective September 12, 2026.
- Sumit Sachdeva resigned as Head of Large Corporate Relationships, effective September 9, 2026.

- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Bank Of Baroda has informed the Exchange about MCLR w.e.f 12th September 2026 |SUBJECT: General Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Bank Of Baroda has informed the Exchange about change in Management |SUBJECT: Change in Management
- Bank Of Baroda has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
- Bank Of Baroda has informed the Exchange about Resignation of Director/KMP/SMP |SUBJECT: Resignation of Director/KMP/SMP
- Bank Of Baroda has informed the Exchange about Disclosure under Regulation 30 |SUBJECT: General Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal

### Fundamentals

Bank of Baroda's recent financial performance shows a mixed trajectory. For the quarter ending June 2026 (Q1 FY27), the bank reported a Net Profit of ₹1,572.59 crore, a notable decrease from ₹5,647.96 crore in the previous quarter (Q4 FY26) and ₹5,407.02 crore in the same quarter last year (Q3 FY26, which is the closest comparable period provided). Revenue for Q1 FY27 was ₹35,114.52 crore, an increase from ₹34,513.73 crore in Q4 FY26 and ₹33,599.84 crore in Q3 FY26. The bank's Interest Earned has shown an upward trend, reaching ₹35,114.52 crore in Q1 FY27, while Interest Expended also increased to ₹21,301.13 crore in the same period. The Return on Equity (ROE) was 17.0% for the year ending March 2024, and is projected to be 16.0% for March 2025 and 13.0% for March 2026. Deposits have grown from ₹1,359,980 crore in March 2024 to a projected ₹1,675,895 crore by March 2026, while Borrowings are projected to increase from ₹101,959 crore in March 2024 to ₹170,297 crore by March 2026. The number of shareholders has fluctuated, with a projected decrease from 1,689,797 in March 2025 to 1,459,934 in March 2026.

Looking at the longer-term trends, the bank has demonstrated Compounded Profit Growth of 10% over 3 years and 73% over 5 years, with Compounded Sales Growth at 13% over both 3 and 5 years. Return on Equity has improved, standing at 15% for the 3-year period and 14% for the 5-year period. However, the Stock Price CAGR has been more modest, at 3% over 3 years and 23% over 5 years. The cash flow from operations has been volatile, with a reported -₹21,271 crore in March 2023 and -₹6,274 crore in March 2024, but is projected to turn positive at ₹34,892 crore in March 2025 and ₹33,426 crore in March 2026. Free Cash Flow follows a similar pattern, with projected positive figures of ₹28,979 crore in March 2025 and ₹31,911 crore in March 2026.

Key monitoring areas include the recent decline in Net Profit in Q1 FY27, the trend in deposit and borrowing growth, and the projected decrease in the number of shareholders. The bank's ability to sustain positive cash flow from operations and maintain its ROE in the coming periods will be crucial.

- For Q1 FY27, Net Profit was ₹1,572.59 crore, a decrease from ₹5,647.96 crore in Q4 FY26.
- Revenue for Q1 FY27 was ₹35,114.52 crore, an increase from ₹34,513.73 crore in Q4 FY26.
- Deposits are projected to grow from ₹1,359,980 crore (Mar 2024) to ₹1,675,895 crore (Mar 2026).
- Borrowings are projected to increase from ₹101,959 crore (Mar 2024) to ₹170,297 crore (Mar 2026).
- Return on Equity (ROE) was 17.0% for Mar 2024, projected at 16.0% for Mar 2025 and 13.0% for Mar 2026.

### Bull Case

Bank of Baroda has demonstrated significant growth in its balance sheet and cash flow generation between the fiscal years ending March 2019 and March 2020. Deposits increased substantially, indicating a growing customer base or increased funds under management. Concurrently, the bank saw a rise in its total assets and investments, suggesting expansion in its lending and investment activities. The company also experienced a notable improvement in cash flow from operations, shifting from a negative to a positive figure, and a substantial increase in free cash flow, which can support future growth or debt reduction. The compounded profit growth over five years also indicates a positive historical trend.

- Deposits grew from ₹665,589 in Mar 2019 to ₹973,228 in Mar 2020.
- Total Assets increased from ₹819,670 in Mar 2019 to ₹1,199,935 in Mar 2020.
- Cash from Operating Activity improved from -₹1,449 in Mar 2019 to ₹18,531 in Mar 2020.
- Free Cash Flow rose from -₹3,986 in Mar 2019 to ₹18,393 in Mar 2020.
- Compounded Profit Growth over 5 Years was 73%.

- NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- Nifty Bank fails to hold ground after US Fed rate hike; HDFC, Yes Bank, ICICI among top laggards; Will they turn tide?
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?

### Bear Case

Bank of Baroda's balance sheet experienced significant expansion between March 2019 and March 2020, with total assets growing from ₹819,670 to ₹1,199,935. This growth was primarily driven by increases in deposits (from ₹665,589 to ₹973,228) and other assets (from ₹616,586 to ₹900,941). Concurrently, borrowings also rose substantially from ₹68,868 to ₹95,753, indicating an increased reliance on debt. While cash flow from operations turned positive in March 2020 (₹18,531) compared to a negative figure in March 2019 (₹-1,449), the overall net cash flow and free cash flow also saw substantial positive shifts. However, the company's technical indicators suggest a cautious outlook. As of September 18, 2026, the daily trend analysis shows the closing price (₹234.94) below key moving averages like the 20-day EMA (₹238.24) and 50-day EMA (₹244.66), with a bearish supertrend direction. Weekly trend analysis also indicates a bearish supertrend direction and a negative slope in short-term moving averages. The stock has experienced a year-to-date return of -22% and a 6-month return of -17%, reflecting recent underperformance.

- Total assets increased by approximately 46% from ₹819,670 in March 2019 to ₹1,199,935 in March 2020.
- Borrowings rose by approximately 39% from ₹68,868 in March 2019 to ₹95,753 in March 2020.
- The daily technical trend indicates a bearish supertrend direction, with the closing price below the 20-day and 50-day Exponential Moving Averages as of September 18, 2026.
- The stock has shown a year-to-date return of -22% and a 6-month return of -17%.

- NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- Nifty Bank fails to hold ground after US Fed rate hike; HDFC, Yes Bank, ICICI among top laggards; Will they turn tide?
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?

### FAQs

**How has Bank of Baroda's balance sheet evolved between March 2019 and March 2020?**

Between March 2019 and March 2020, Bank of Baroda's total assets grew from ₹819,670 to ₹1,199,935. This growth was primarily driven by an increase in Deposits, which rose from ₹665,589 to ₹973,228, and Investments, which increased from ₹195,716 to ₹289,727. Borrowing also saw a significant rise from ₹68,868 to ₹95,753. Total Liabilities mirrored the asset growth, increasing from ₹819,670 to ₹1,199,935.

**What has been the trend in Bank of Baroda's cash flow from operations?**

Bank of Baroda's cash flow from operating activities has shown a significant positive shift. In March 2019, the company reported a negative cash flow from operations of -₹1,449. This improved to a positive ₹18,531 in March 2020. Consequently, Free Cash Flow also moved from -₹3,986 in March 2019 to ₹18,393 in March 2020.

**What is the recent technical trend for Bank of Baroda based on daily and weekly indicators?**

As of September 18, 2026, the daily technical trend for Bank of Baroda indicates a bearish sentiment, with the Supertrend direction being bearish and the 20-day Exponential Moving Average (EMA) slope being negative. The weekly trend also shows a bearish Supertrend direction, with a negative slope for the 20-day EMA and 50-day Simple Moving Average (SMA).

**What are the key support and resistance levels for Bank of Baroda?**

As of September 18, 2026, key technical levels for Bank of Baroda include support at ₹233.62 (pivot level) and resistance at ₹235.14 (high level). Further support is identified at ₹230.78 and ₹230.67, while additional resistance levels are noted at ₹237.98 and ₹239.50.

**What recent announcements has Bank of Baroda made regarding its financial obligations?**

Bank of Baroda has confirmed payments related to its debt instruments. On September 11, 2026, the bank confirmed the payment of ₹38,75,00,000.00 in annual interest on its BOB Bonds Series XXII, due September 11, 2026. Additionally, on September 9, 2026, the bank paid ₹363,00,00,000.00 in annual interest on its BOB LTB Series V, which was also due on that date.

- NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times
- SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?
- NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details
- Nifty Bank fails to hold ground after US Fed rate hike; HDFC, Yes Bank, ICICI among top laggards; Will they turn tide?
- NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Bank Of Baroda has informed the Exchange about MCLR w.e.f 12th September 2026 |SUBJECT: General Updates
- Confirmation of Redemption/Payment of Interest and Principal |SUBJECT: Confirmation of Redemption/Payment of Interest and Principal
- Bank Of Baroda has informed the Exchange about change in Management |SUBJECT: Change in Management
- Bank Of Baroda has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA |SUBJECT: Change in Directors/KMP/SMP/Auditor/RTA
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Moderate Downtrend
- Pivot point: ₹233.62
- Risk regime: Price Risk Requires Attention

### Support levels
- 230.66500000000002
- 226.54500000000002
- 217.58749999999998

### Resistance levels
- 239.603388671875
- 249.7503125
- 256.49109375

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +1.14% |
| return_10 | -2.29% |
| return_1m | -3.71% |
| return_1y | -5.63% |
| return_20 | -3.91% |
| return_3m | -16.98% |
| return_5 | -1.13% |
| return_6m | -17.03% |
| return_since_start | -2.60% |
| return_ytd | -21.88% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -28.40% |
| annualized_volatility | +27.96% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Operating Profit Jumps 23% While Net Profit Slumps 53% on Higher Provisions

Bank of Baroda’s Q1 FY2026-27 results showed a sharp contrast between operating performance and bottom-line earnings. Operating profit before provisions rose 23.3% year-on-year, driven by growth in net interest income and other income. However, net profit fell 53.1% as provisions and contingencies surged. Operating expenses were nearly flat, and the CET1 capital ratio improved from the previous quarter but remained below the prior-year level.

## Profitability: Operating Growth Offset by Higher Provisions

The bank’s operating profit before provisions and contingencies reached ₹10,583.94 crore, up from ₹8,585.63 crore in Q1 FY2025-26. This 23.3% increase was supported by higher interest and other income.

However, profit before tax dropped to ₹2,205.54 crore from ₹5,169.66 crore a year earlier. The decline was driven by a sharp rise in provisions and contingencies—the difference between operating profit and profit before tax. That difference widened to ₹8,378.40 crore from ₹3,415.97 crore, an increase of ₹4,962.43 crore (145.3%).

After tax, net profit stood at ₹1,572.59 crore, down 53.1% from ₹3,351.88 crore in the same quarter last year.

## Net Interest Income

Net interest income (interest earned minus interest expended) grew 10.0% to ₹13,813.39 crore, compared with ₹12,559.77 crore in Q1 FY2025-26.

- Interest earned rose 6.8% to ₹35,114.52 crore, led by interest on advances and bills (₹26,399.79 crore) and revenue on investments (₹7,552.27 crore).
- Interest expended increased at a slower 4.9% to ₹21,301.13 crore.

The wider gap between income and expense growth allowed net interest income to expand faster than interest earned.

Other income (non-interest income) also contributed to operating profit, rising 12.0% to ₹6,202.19 crore from ₹5,537.85 crore a year earlier.

## Operating Expenses

Total operating expenses declined 0.8% year-on-year to ₹9,431.64 crore from ₹9,511.99 crore.

- Employee costs fell 1.3% to ₹4,611.34 crore (Q1 FY2025-26: ₹4,671.86 crore). Sequentially, however, employee costs jumped 26.8% from ₹3,636.02 crore in Q4 FY2025-26.
- Other operating expenses edged down 0.4% to ₹4,820.30 crore (prior year: ₹4,840.13 crore).

## Capital Adequacy

The Common Equity Tier 1 (CET1) ratio stood at 14.36% as of 30 June 2026. This was up from 13.65% at the end of March 2026 but down from 14.84% a year earlier.

## Management Commentary

Bank of Baroda announces Financial Results for the Quarter ended 30th June 2026. Bank delivers Sustained Strong Growth Momentum with Healthy Asset Quality. Bank's quarterly Net Profit stands at INR 1,278 crore, after absorbing the impact of one-off exceptional item. Without considering the settlement payout, Net Profit would have been INR 5,528 crore. Bank's Global Business stands at INR 30,50,457 crore registering a growth of 15.4% YoY. Net Interest Income for the quarter expanded by 9.5% on a YoY basis and stands at INR 12,524 crore.

Bank continues to maintain strong Asset quality with reduction in GNPA by 29 bps YoY to 1.99% in Q1FY27. RAM portfolio grew by 16.5% YoY and share of Retail, Agri Loans and MSME loans (RAM) in advances stands at 62.9% as of 30th June 2026. First Public sector bank in India to issue ₹ 10,000 crore via Series I Long-Term Green Infrastructure Bonds (GIB). Board of Directors of our Bank at its meeting held today i.e. 24.07.2026 has interalia considered enhancement of the resource raising limits for the Banks overseas operations... retain the Medium Term Note (MTN) programme size at USD 4.00 billion with a new sub limit of USD 1.00 billion for Green and ESG Bonds... limit for borrowings through various loan facilities... increased from USD 5.00 billion to USD 10.00 billion.

## Key Takeaway

Bank of Baroda’s Q1 FY2026-27 operating profit grew strongly, supported by a 10% rise in net interest income and a 12% increase in other income. However, a large jump in provisions and contingencies caused profit before tax and net profit to fall sharply. Operating expenses were broadly stable, and the CET1 ratio recovered from the previous quarter but remained below the prior-year level.

### Ratios

## Official filings

- 2026-09-11 — Generic Announcement: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BANKBARODA_11092026113915_SEINTPYT.pdf)
- 2026-09-10 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_10092026170139_SEMCLR.pdf)
- 2026-09-09 — Generic Announcement: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BANKBARODA_09092026114104_SELTBV.pdf)
- 2026-09-09 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_09092026222659_SECHANGEFINAL.pdf)
- 2026-09-09 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1583_WebXMLFile_20260909_223415864.xml)
- 2026-09-09 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1583_WebXMLFile_20260909_223441406.xml)
- 2026-09-09 — Management Change: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_ROID_98236_KMP_Doc.zip)
- 2026-09-09 — Management Change: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_ROID_98238_KMP_Doc.zip)
- 2026-09-08 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_08092026180634_SEINTIMATION.pdf)
- 2026-09-02 — Generic Announcement: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BANKBARODA_02092026120802_SEIP8299.pdf)
- 2026-09-02 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_02092026174225_SEOIC020926.pdf)
- 2026-09-02 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_02092026193502_SESTRIKE.pdf)
- 2026-08-31 — Management Change: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_ROID_97545_KMP_Doc.zip)
- 2026-08-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_31082026213051_SECHANGE2.pdf)
- 2026-08-31 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1583_WebXMLFile_20260831_213558636.xml)
- 2026-08-27 — Generic Announcement: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BANKBARODA_27082026125435_SELTBIV_.pdf)
- 2026-08-21 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_21082026192314_SENEW.pdf)
- 2026-08-19 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_19082026202230_SEPENALTY.pdf)
- 2026-08-18 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_18082026180228_SEOutcome.pdf)
- 2026-08-17 — Generic Announcement: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/CBFCL_17082026114240_SCC_BOB_CFSL_Signed.pdf)
- 2026-08-17 — Generic Announcement: Bank Of Baroda — [Official attachment](https://nsearchives.nseindia.com/content/debt/WDM/BANKBARODA_17082026130619_SEINTEREST.pdf)
- 2026-08-17 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_17082026190927_SERATING.pdf)
- 2026-08-13 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_13082026195436_SEMTN130826.pdf)
- 2026-08-13 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_1583_WebXMLFile_20260813_184702501.xml)
- 2026-08-13 — Generic Announcement: Bank of Baroda — [Official attachment](https://nsearchives.nseindia.com/corporate/BANKBARODA_13082026183255_SECSMP.pdf)

## News and market events

- 2026-09-18 — Economic Times: **NSE IPO GMP Today Live: NSE IPO Day 2 bidding begins with 8% GMP. Check subscription status, potential listing gains - The Economic Times** — NSE IPO GMP Live: The second day of bidding begins for the Rs 22,562 crore NSE IPO, with the issue commanding a grey market premium of around 8%. On Day 1, the IPO was subscribed 43% overall, with bids received against the 8.86 crore shares on offer. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/nse-ipo-gmp-live-updates-nse-ipo-subscription-price-band-listing-date-latest-news/liveblog/134300009.cms)
- 2026-09-18 — Mint: **SBI, PNB to Bank of Maharashtra: Why are PSU bank stocks rising today?** — A fake document claiming a merger of public sector banks, purportedly issued by the Ministry of Finance, has been circulating online. The government confirmed it is not authentic, urging caution in verifying such claims, as PSU bank stocks react positively to the rumors. — [Source](https://www.livemint.com/market/stock-market-news/psu-bank-merger-sbi-pnb-to-bank-of-maharashtra-why-are-psu-bank-stocks-rising-today-11789704328894.html)
- 2026-09-18 — News18: **NSE IPO Day 2: Issue Subscribed 43% So Far, GMP At 8%; Should You Apply? Check Details** — On the first day of bidding on Thursday, the 22,561.57-crore IPO received a 0.43x subscription, garnering bids for 3,83,37,528 shares, compared with 8,86,42,912 shares on offer. — [Source](https://www.news18.com/business/ipo/nse-ipo-day-2-check-subscription-status-and-gmp-today-10337952.html)
- 2026-09-17 — Mint: **Nifty Bank fails to hold ground after US Fed rate hike; HDFC, Yes Bank, ICICI among top laggards; Will they turn tide?** — Nifty Bank opened higher but lost early gains, with HDFC Bank, Yes Bank, and ICICI Bank as top laggards. HDFC Bank shares fell 0.89%, close to its support zone, while Yes Bank and ICICI Bank faced selling pressure near resistance levels. — [Source](https://www.livemint.com/market/stock-market-news/nifty-bank-fails-to-hold-ground-after-us-fed-rate-hike-hdfc-yes-bank-icici-among-top-laggards-will-they-turn-tide-11789623594191.html)
- 2026-09-17 — News18: **NSE IPO Day 1: GMP Falls; Issue Gets 14% Subscription In First Hour; Should You Apply?** — NSE IPO GMP: At the upper IPO price of Rs 1,785, the current GMP points to indicative listing price of around Rs 1,925, implying a potential premium of 7.84% over the issue price. — [Source](https://www.news18.com/business/ipo/nse-ipo-day-1-check-subscription-status-gmp-today-10335513.html)
- 2026-09-17 — BUSINESSTODAY: **NSE IPO kicks off: IFCI, NIACL, SBI, GIC RE, BOB shares gain up to 8%; here's why** — IFCI share price, NSE IPO, NIACL share price, NIA share price, SBI share price, GIC RE share price, BOB share price — [Source](https://www.businesstoday.in/markets/stocks/story/nse-ipo-kicks-off-ifci-niacl-sbi-gic-re-bob-shares-gain-up-to-8-heres-why-556033-2026-09-17)
- 2026-09-17 — BUSINESSTODAY: **'Fake': Centre debunks viral gazette on merger of 9 public sector banks** — public sector bank mergers, fake gazette, PIB Fact Check, Finance Ministry India, State Bank of India, Punjab National Bank, Bank of Baroda, social media misinformation, PSU banks — [Source](https://www.businesstoday.in/india/story/fake-centre-debunks-viral-gazette-on-merger-of-9-public-sector-banks-556026-2026-09-17)
- 2026-09-17 — Economic Times: **Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex trades flat, Nifty above 23,250; India VIX eases over 2% - The Economic Times** — Sensex Today | Nifty 50 | Stock Market Live Updates: Indian benchmark indices remained volatile during Wednesday’s session but ended marginally higher. Markets will now react to the US Federal Reserve’s policy decision. — [Source](https://economictimes.indiatimes.com/markets/stocks/live-blog/bse-sensex-today-nifty50-stock-market-live-updates-gift-nifty-infosys-mazagon-dock-share-price-17-september-2026/liveblog/134297909.cms)
- 2026-09-17 — MONEYCONTROL: **NSE IPO opens today: From 132.37 million investors to a Rs 4.42 lakh crore valuation- what are you actually buying?** — NSE IPO, NSE IPO 2026, National Stock Exchange IPO, NSE share price, NSE IPO price band, NSE valuation, NSE IPO valuation, NSE offer for sale, NSE OFS, NSE investors, NSE registered investors, NSE shareholders, NSE market share, NSE financial performance, NSE IPO investment — [Source](https://www.moneycontrol.com/news/business/personal-finance/nse-ipo-opens-today-from-132-37-million-investors-to-a-rs-4-42-lakh-crore-valuation-what-are-you-actually-buying-14031668.html)
- 2026-09-17 — MONEYCONTROL: **NSE IPO opens today: What does 100% OFS mean and where does the investor’s money go?** — NSE IPO, NSE IPO 2026, National Stock Exchange IPO, NSE share price, NSE IPO price band, NSE valuation, NSE IPO valuation, NSE offer for sale, NSE OFS, NSE investors, NSE registered investors, NSE shareholders, NSE market share, NSE financial performance, NSE IPO investment — [Source](https://www.moneycontrol.com/news/business/personal-finance/nse-ipo-opens-today-what-does-100-ofs-mean-and-where-does-the-investor-s-money-go-14031662.html)
- 2026-09-17 — News18: **NSE IPO Opens Today: GMP Falls To 7%; Should You Apply? Check Price, Lot Size, Recommendations** — Know everything about the NSE IPO, including the price band, lot size, grey market premium (GMP), anchor book, financial performance and brokerage recommendations. — [Source](https://www.news18.com/business/ipo/nse-ipo-opens-today-gmp-falls-to-7-should-you-apply-check-price-lot-size-recommendations-10335220.html)
- 2026-09-17 — Economic Times: **Can NSE IPO deliver long-term growth for high-risk investors?** — In a bold move, the National Stock Exchange is set to initiate a major offer for sale, aiming to secure additional capital from its existing investors. This organization boasts a fully integrated platform focused on trading and settlement, where transaction fees are the primary source of income, supplemented by expanding services. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/can-nse-ipo-deliver-long-term-growth-for-high-risk-investors/articleshow/134297090.cms)
- 2026-09-16 — CNBC-TV18: **NSE IPO Opens Today: Should You Subscribe? GMP, Price Band, Lot Size Explained** — NSE IPO: Retail investors required to make a minimum investment of ₹14,280 at the upper end of the price band to bid for one lot. Bids can subsequently be made in multiples of eight shares. — [Source](https://www.cnbctv18.com/market/nse-ipo-day-1-subscription-should-you-subscribe-price-band-gmp-valuation-risks-lot-size-19992306.htm)
- 2026-09-16 — MONEYCONTROL: **SBI, PNB, Bank of Baroda: Did Centre order merger of 9 public sector banks?** — Bank merger, PSBs merger, Public Sector Bank merger, PIB Fact Check fake bank merger — [Source](https://www.moneycontrol.com/news/india/sbi-pnb-bank-of-baroda-did-centre-order-merger-of-9-public-sector-banks-14031414.html)
- 2026-09-16 — Times of India: **UPI still free, but there's a catch: How new MDR works & could cash payments make a comeback?** — India Business News: NEW DELHI: Will UPI payments no longer be free? Will you have to pay extra for transactions above Rs 2,000? The new MDR rules have triggered a wave of. — [Source](https://timesofindia.indiatimes.com/business/india-business/upi-still-free-but-theres-a-catch-how-new-mdr-works-could-cash-payments-make-a-comeback/articleshow/134285783.cms)
- 2026-09-16 — MONEYCONTROL: **Bank shares rise on rate hike hopes, more revenue from UPI MDR; PNB, Axis Bank lead gains** — bank nifty, bank shares — [Source](https://www.moneycontrol.com/news/business/markets/bank-shares-rise-on-rate-hike-hopes-more-revenue-from-upi-mdr-pnb-axis-bank-lead-gains-14031096.html)
- 2026-09-16 — FREEPRESSJOURNAL.IN: **HSBC, ICICI Bank Lead GIFT City Lending Drive As Lenders Attract Record NRI Forex Deposits** — HSBC and ICICI Bank emerged as the biggest lenders under the RBI’s foreign-currency deposit swap programme in GIFT City, disbursing $19.3 billion. The initiative attracted record overseas Indian deposits, boosted banking activity and strengthened GIFT City’s position as an international financial hub. Regulators expect further growth in wealth management services — [Source](https://www.freepressjournal.in/business/hsbc-icici-bank-lead-gift-city-lending-drive-as-lenders-attract-record-nri-forex-deposits)
- 2026-09-16 — MONEYCONTROL: **NSE's selling shareholders set to make gains of Rs 16,500 crore from upcoming IPO** — nse, national stock exchange, nse ipo, national stock exchange ipo — [Source](https://www.moneycontrol.com/news/business/markets/nse-s-selling-shareholders-set-to-make-gains-of-rs-16-500-crore-from-upcoming-ipo-14030963.html)
- 2026-09-16 — BUSINESSTODAY: **NSE IPO: Institutional interest strong; business highly profitable, says Ashishkumar Chauhan** — NSE IPO, NSE IPO 2026, NSE IPO latest news, NSE IPO price band, NSE IPO OFS, NSE IPO offer for sale, NSE IPO Ashish Chauhan, Ashish Kumar Chauhan NSE IPO, NSE IPO valuation, NSE IPO shareholders, NSE IPO dividends, NSE IPO market share, National Stock Exchange IPO, Why NSE does not need IPO funds, Why NSE IPO is an offer for sale, NSE IPO proceeds will go to shareholders, Ashish Chauhan on NSE IPO valuation, NSE IPO offer for sale explained, NSE IPO shareholder stake sale, NSE IPO valuation and market share, Does NSE get money from IPO — [Source](https://www.businesstoday.in/markets/ipo-corner/story/nse-ipo-institutional-interest-strong-business-highly-profitable-says-ashishkumar-chauhan-555829-2026-09-16)
- 2026-09-16 — BUSINESSTODAY: **YES Bank, BOB, PNB, IndusInd Bank, HDFC Bank shares: Key beneficiaries of MDR charges** — YES Bank share price, YES Bank shares, PNB share price, PNB shares, IndusInd Bank share price, HDFC Bank share price, MDR charges, UPI charges — [Source](https://www.businesstoday.in/markets/stocks/story/yes-bank-bob-pnb-indusind-bank-hdfc-bank-shares-key-beneficiaries-of-mdr-charges-555821-2026-09-16)
- 2026-09-16 — MONEYCONTROL: **ATM-related stocks rise up to 5% amid introduction of UPI MDR: Here's why** — UPI, ATM, CMS Info, — [Source](https://www.moneycontrol.com/news/business/markets/atm-related-stocks-rise-up-to-5-amid-introduction-of-upi-mdr-here-s-why-14030995.html)
- 2026-09-16 — Mint: **Yes Bank share price jumps 4% | What’s driving the stock rally?** — Yes Bank shares rose 4% on September 16 due to management changes and favorable brokerage estimates, indicating potential profit increases from the revised UPI MDR structure. The bank reported a 32.54% year-on-year net profit rise for Q1 FY27 but a slight quarter-on-quarter decline. — [Source](https://www.livemint.com/market/stock-market-news/yes-bank-share-price-jumps-4-what-s-driving-the-stock-rally-11789535817324.html)
- 2026-09-16 — Economic Times: **Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?** — Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on select UPI transactions above Rs 2,000. Citi expects the lender and other banks to see an earnings boost, while Morgan Stanley sees a smaller profit benefit than estimated earlier. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/yes-bank-shares-jump-4-as-citi-morgan-stanley-see-lender-as-key-beneficiary-of-new-upi-charges-earnings-boost-ahead/articleshow/134278712.cms)
- 2026-09-16 — MONEYCONTROL: **NSE IPO: Exchange is highly profitable, pays out most free cash flow as dividends, says MD and CEO Ashish Chauhan** — NSE IPO, NSE IPO 2026, National Stock Exchange IPO, NSE IPO price, NSE IPO valuation, NSE IPO offer for sale, NSE IPO Ashish Chauhan, NSE dividend, NSE profitability, NSE IPO investors — [Source](https://www.moneycontrol.com/news/business/personal-finance/nse-ipo-exchange-is-highly-profitable-pays-out-most-free-cash-flow-as-dividends-says-md-and-ceo-ashish-chauhan-14030759.html)
- 2026-09-16 — Times of India: **Top banks to get lion's share of UPI fees** — India Business News: Mumbai: Banks with the largest number of bank accounts will be the biggest gainers as they will receive the lion's share of the fees. While third-part. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-banks-to-get-lions-share-of-upi-fees/articleshow/134275904.cms)

## Business profile

**Strategic vision:** Offers banking and financial services across segments.

### Business segments
- **Personal Banking:** Provides a variety of savings accounts, current accounts, and deposit schemes for individual needs.
- **Business Banking:** Offers specialized banking products for MSMEs and comprehensive financial solutions for large corporations, including credit and trade finance.
- **Rural & Agri Loans:** Provides dedicated lending products for the agricultural sector and rural communities to support farming and development.
- **Digital Initiatives:** Develops digital platforms to provide banking services and relevant features to specific customer groups.
- **International Banking:** Facilitates international transactions, foreign exchange, and correspondent banking relationships globally.

### Competitive strengths
- Public sector bank status
- Extensive range of banking and financial services
- Network of subsidiaries and joint ventures

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/bankbaroda
Markdown representation: https://faxioms.com/stocks/bankbaroda?render=md