This banking stock soared over 3.6 per cent after receiving a claim under a scheme of Rs 916 crore. Do you own it?
This banking stock soared over 3.6 per cent after receiving a claim under a scheme of Rs 916 crore. Do you own it?

This banking stock soared over 3.6 per cent after receiving a claim under a scheme of Rs 916 crore. Do you own it?

The bank has received a claim under the scheme for FY 2022-23 amounting to Rs 916.61 crore.

Bhavya Rathod Article rating: 4.0

In Q2FY23, the company reported a standalone total income of Rs 4249.87 crore, which is 15.72 per cent up from the corresponding quarter last year.

Bank of Baroda becomes the top-performing bank of 2022 so far!
Bank of Baroda becomes the top-performing bank of 2022 so far!

Bank of Baroda becomes the top-performing bank of 2022 so far!

Among the banking stocks, despite the overall bearish sentiment, the shares of Bank of Baroda have taken the top position zooming 21.9 per cent on a YTD basis.

Shreya Chaware Article rating: 5.0

The equity markets are having a tough time due to a global selloff that intensified owing to the US inflation print that led the Federal Reserve to the monetary tightening. On June 13, the market ended deep in red with benchmark indices losing more than 2.5 per cent each. At the same time, Nifty Bank dipped more than 3.1 per cent underperforming the benchmark indices. RBL Bank faced the worst hit after RBI appointed R Subramaniakumar as its new MD & CEO for RBL Bank. The stock crashed 22 per cent in a single day putting a major drag on the banking index. 

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