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Bank of Baroda's Woes: From Profit Forecast To Massive Rs 3,200 Cr Loss
Bank of Baroda shares dropped 10 per cent today, following the state-run lender's second successive quarter of big losses. Monday's selloff was in contrast to the 25 per cent one-day rally posted by Bank of Baroda in February on the back of an equally bad Q3 in which the lender posted a loss of Rs 3,350-crore.
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Bank of Baroda Posts Record Loss, But Shares Soar
Bank of Baroda's loss did not come as a surprise for investors, already under shock over huge losses reported by a string of other state-run lenders last week. But, many investors were surprised by the surge in its shares. Bank of Baroda was the top Nifty gainer, rising by as much as 17 per cent today.
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In a First, Private Bankers Appointed as CEOs of Public Sector Banks
In a first, the government on Friday announced the appointment of two private bankers as the heads of state-run banks for the first time.
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Bank of Baroda's Woes: From Profit Forecast To Massive Rs 3,200 Cr Loss
Bank of Baroda shares dropped 10 per cent today, following the state-run lender's second successive quarter of big losses. Monday's selloff was in contrast to the 25 per cent one-day rally posted by Bank of Baroda in February on the back of an equally bad Q3 in which the lender posted a loss of Rs 3,350-crore.
-
Bank of Baroda Posts Record Loss, But Shares Soar
Bank of Baroda's loss did not come as a surprise for investors, already under shock over huge losses reported by a string of other state-run lenders last week. But, many investors were surprised by the surge in its shares. Bank of Baroda was the top Nifty gainer, rising by as much as 17 per cent today.
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In a First, Private Bankers Appointed as CEOs of Public Sector Banks
In a first, the government on Friday announced the appointment of two private bankers as the heads of state-run banks for the first time.
