Announcement for shifting branch premises of Bank of Baroda, Doliya Branch, Ta. Sayla, Dist. Surendranagar
Bank announces Financial Results for Quarter ended, 30th June 2026.
As an enhanced security measure, our official Corporate Website has migrated to a new domain : https://bankofbaroda.bank.in
With Bank Of Baroda personal loan, you get lowest interest rates, instant approval with minimal documentation. Checkout Bank of Baroda personal loan interest rates & eligibility. Apply now!
Apply for Bank of Baroda Home Loan online at the lowest interest rates. Checkout our home loan eligibility, interest rates, documentation. Get instant home loan approval. Apply now!
Car Loan: Apply for auto loan online by Bank of Baroda at an attractive interest rates & easy EMI option. Upto 90% financing on on-road price. Buy your dream car today!
Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
Locate Us, Anytime, Anywhere
Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
Investors remained concerned about global economic recovery which remains fragile as inflationary pressure continue to build on globally. Subdued data print form China further added to the concerns. Global crude prices surged once again. DXY declined from its 20-year high. Investors will closely monitor earnings report and Fed Chair’s speech scheduled later today.
Barring S&P500 and Shanghai Comp (lower), other global indices started the week on a positive note. FTSE (0.6%) rose the most followed by Nikkei (0.5%). On the other hand, Shanghai Comp dropped by 0.3% led by disappointing data print (retail sales and industrial output). Sensex (0.3%) ended in green led by advancement in banking and auto stocks. It is trading higher today in line with other Asian
Global currencies ended mixed. DXY retreated by 0.4% from a 20-year high, tracking US 10Y yield. GBP gained the most by 0.5%, followed by EUR which rose by 0.2%. Other major currencies closed flat. INR is trading lower at a record-low of 77.75/$ today amidst a renewed surge in oil prices. Other Asian currencies are trading mixed.
Global yields closed mixed. US 10Y yield fell by 4bps as investors await US retail sales data scheduled to be released later in the day. UK”s 10Y yield slipped by 4bps after comments from BoE Governor. Germany’s 10Y yield fell by 1bps as ECB official cautioned against the impact of a weaker currency on inflation. India’s 10Y yield rose by 7bps to 7.24% amidst inflationary concerns. It is trading further higher at 7.37% today.
Global commodity prices rose further. Crude oil prices rose by 2.4% to US$ 114.2/bbl amidst improved demand outlook on reports that China is likely to end the lockdown in Shanghai soon. Gold prices also rose as dollar
Global markets reacted to macro prints (US retail sales and industrial production) and US Fed Chair Powell’s speech. Analysts are expecting Fed to hike rates aggressively as consumer demand remains buoyant (retails sales up by 0.9% in Apr’22). Manufacturing output too rose by 0.8% in Apr’22 (est.: 0.4%) showing robust economic activity. Separately, fears of tight oil supply eased as EU’s decision to ban Russian oil imports has reached an impasse with Hungary exercising its veto.
Global indices ended higher, led by strong data from US (higher than expected improvement in retail sales, industrial output), thereby mitigating fears of recession. Amongst other indices, Hang Seng (3.3%) surged the most. Sensex (2.5%) too climbed higher led by strong gains in metal and oil and gas stocks. It is trading further higher today; while other Asian stocks are trading mixed.
Barring JPY and INR, other global currencies ended higher. DXY continues to crack against its major peer, falling by 0.8% as demand for safe-haven diminished. Improvement in US retail sales and easing of Covid-19 restrictions in China, boosted investor sentiments. INR depreciated by 0.2%. It is trading higher today, while other Asian currencies are trading mixed.
Except Japan and China (stable), global yields closed sharply higher, as US retail sales print indicated that consumer demand remains strong despite inflationary pressures. US Fed is thus likely to adopt a more aggressive rate hike path. US 10Y yield rose by 10bps to 2.99%, while UK and Germany‘s yields rose by 15bps and 11bps, respectively. India’s 10Y yield too increased by 5bps to 7.37%
Crude prices eased by 2% to US$ 112/bbl as disagreements emerged within EU on the decision to ban Russian oil imports. Gold too fell by 0.5%, as strong US retail sales data fuelled expectation of aggressive rate hike.
Global markets tumbled as elevated global inflation prints (most recently UK) raised fears that it will impact consumer demand and growth (US housing starts fell in Apr’22). It is also expected that Central Banks will opt for faster than anticipated rate hikes. Inflation in UK surged to 9% in Apr’22, while core CPI rose to 6.2%. On the domestic front, RBI’s minutes indicate that an immediate rate hike (instead of waiting till Jun’22) was required to avoid any larger rate hikes and to anchor inflation expectation. Future course of rates will depend upon inflation trajectory.
Except Nikkei and Hang Seng (higher), global equities ended lower. Investors were concerned about the 40-year high inflation print in UK in Apr’22. Also, Fed Chair’s comments on rate hike and keeping it above neutral rate, impacted market sentiments. S&P 500 fell the most by 4% followed by Dow Jones (- 3.6%). Sensex fell by 0.2% led by losses in real estate and oil and gas stocks. It is trading further lower today, in line with other Asian stocks.
17-05-2022
18-05-2022
% change
Dow Jones
32,655
31,490
(3.6)
S & P 500
4,089
3,924
(4.0)
FTSE
7,518
7,438
(1.1)
Nikkei
26,660
26,911
0.9
Hang Seng
20,603
20,644
0.2
Shanghai Comp
3,094
3,086
(0.2)
Sensex
54,318
54,209
Nifty
16,259
16,240
(0.1)
Barring JPY and INR, other global currencies ended lower. DXY rose by 0.4% as Fed Chair hinted at aggressive rate hikes to tame inflation. In addition, continued Covid-19 restrictions in China and fresh cases emerging in port cities near Beijing, also contributed to safe-haven demand. INR closed flat.
EUR/USD
1.0550
1.0464
(0.8)
GBP/USD
1.2493
1.2341
(1.2)
USD/JPY
129.38
128.23
USD/INR
77.56
77.58
0
USD/CNY
6.7377
6.7542
Except Japan (stable), global yields closed lower as growth concerns remained elevated. US 10Y yield fell the most by 10bps, as housing starts data fell in Apr’22. UK, Germany and China’s 10Y yield fell by 2bps each. India’s 10Y yield closed a tad lower by 1bps (7.35%) awaiting cues from analysing RBI’s minutes for the off cycle May policy. It is trading lower at 7.33% today, supported by government’s switch announcement of Rs 160bn.
change in bps
US
2.99
2.88
(10)
UK
1.88
1.87
(2)
Germany
1.05
1.03
Japan
0.25
China
2.82
2.80
India
7.37
7.35
(1)
India’s short term yields rose across the board with 182-days T-Bill rising the most by 7bps. However, yesterday’s auction results showed that cut off yield moderated slightly (91-days:-4bps, 182-days: -3bps and 364-days: flat).
16-05-2022
Tbill-91 days
4.9
1
Tbill-182 days
5.4
7
Tbill-364 days
5.8
5.9
6
G-Sec 2Y
6.3
6.4
8
SONIA int rate benchmark
US SOFR
0.8
Rs tn
change (Rs tn)
Net Liquidity (-Surplus/+deficit)
(5.3)
(5.0)
0.3
Reverse repo
3.4
3.7
Repo
13-05-2022
change (US$ mn/Rs
cr)
FII (US$ mn)
(727.2)
(202.8)
524.5
Debt
(272.8)
11.3
284.1
Equity
(454.4)
(214.1)
240.3
Mutual funds (Rs cr)
2,442.1
(77.6)
(2,519.7)
(659.2)
(614.4)
44.8
3,101.3
536.8
(2,564.5)
Crude prices fell by 2.5% to US$ 109/bbl as government data showed that US has ramped up output. Gold rose marginally by 0.1%, despite strong US$.
Brent crude (US$/bbl)
111.9
109.1
(2.5)
Gold (US$/ Troy Ounce)
1,815.2
1,816.6
0.1
Copper (US$/ MT)
9,386.3
9,250.1
(1.5)
Zinc (US$/MT)
3,665.3
3,629.0
(1.0)
Aluminium (US$/MT)
2,890.5
2,857.5
Global markets continue to react to news indicating increased risks of global economic slowdown amidst elevated prices. To the get the economy back on track, it is expected that China will soon begin lifting Covid-19 restrictions. China has also announced lowering of its 5Y LPR to 4.45% from 4.6% (biggest cut on record; est.: 5bps cut), while maintaining its 1Y LPR unchanged (est.: 5bps cut). 5Y LPR rate is used for benchmarking mortgage loans hence the move it aimed to revive the housing sector. Oil prices have thus increased, over hopes of revival in demand.
Barring Shanghai Comp, other global indices tumbled led by concerns over global economic slowdown and fears of surge in inflation. Dow Jones dropped sharply by 0.8% registering worst day since CY20 as fears of recession loomed. Sensex (2.6%) too ended in deep red led by subdued global cues along with FII selling and likelihood of more rate hikes by RBI (evident through RBI minutes). Technology and metal stocks declined the most. However, it is trading higher today in line with other Asian stocks.
19-05-2022
31,253
3,901
(0.6)
7,303
(1.8)
26,403
(1.9)
20,121
3,097
0.4
52,792
(2.6)
15,809
(2.7)
Except INR (lower), other global currencies ended higher. DXY dropped by 1% (10 day-low) tracking US 10Y yields, amidst volatility in global financial markets. Greater likelihood of aggressive monetary tightening by ECB, pushed EUR higher as it rose by 1.2%. INR depreciated by 0.2%, led by surge in oil prices. It is trading higher today while other Asian currencies are trading mixed.
1.0588
1.2
1.2467
1.0
127.79
77.73
6.7125
0.6
Global yields closed mixed, with 10Y yield of Germany falling the most (8bps), followed by US (5bps) and India (3bps). UK’s yield closed flat while China’s yield went up by 1bps. Fears of slowdown in global economic growth have impacted investor sentiments. India’s 10Y yield closed lower at 7.32%, following global cues and as investors opted for the safe-haven asset in the wake of equity sell-off.
2.84
(5)
0.95
(8)
0.24
2.81
7.32
(3)
(4.8)
(108.0)
94.8
8.1
(3.2)
(116.1)
98.0
1,168.2
1,396.1
227.9
2.1
8.5
1,166.1
1,387.6
221.5
Crude prices rose by 2.7% to US$ 112/bbl as China is expected to gradually begin lifting Covid-19 restrictions, thereby providing support to oil demand. Gold too rose by 1.4% as US$ retreated.
112.0
2.7
1,841.9
1.4
9,460.5
2.3
3,732.6
2.9
2,906.5
1.7
@2022 Bank of Baroda. All rights reserved
Important disclosures are provided at the end of this report.
Disclaimer
The views expressed in this research note are personal views of the author(s) and do not necessarily reflect the views of Bank of Baroda. Nothing contained in this publication shall constitute or be deemed to constitute an offer to sell/ purchase or as an invitation or solicitation to do so for any securities of any entity. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. Bank of Baroda Group or its officers, employees, personnel, directors may be associated in a commercial or personal capacity or may have a commercial interest including as proprietary traders in or with the securities and/ or companies or issues or matters as contained in this publication and such commercial capacity or interest whether or not differing with or conflicting with this publication, shall not make or render Bank of Baroda Group liable in any manner whatsoever & Bank of Baroda Group or any of its officers, employees, personnel, directors shall not be liable for any loss, damage, liability whatsoever for any direct or indirect loss arising from the use or access of any information that may be displayed in this publication from time to time
Connect with Us
For further details about this publication, please contact: Economics Research Department Bank of Baroda +91 22 6698 5794 chief.economist@bankofbaroda.bank.in
The contents of this article/infographic/picture/video are meant solely for information purposes and do not necessarily reflect the views of Bank of Baroda. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Bank of Baroda and/ or its Affiliates and its subsidiaries make no representation as to the accuracy; completeness or reliability of any information contained herein or otherwise provided and hereby disclaim any liability with regard to the same. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Bank of Baroda or its affiliates to any licensing or registration requirements. Bank of Baroda shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.
Related Articles
Request Call Back