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.
The fresh round of developments over the weekend includes reports of Iran's strikes on Middle Eastern aluminium plants. This has led international crude prices to trade at their highest level since Jun'22 at US$115/bbl in today's session. All metal prices have firmed up, with copper trading higher by 0.4%, zinc by 1.7%, and aluminium by 0.8%.
Gold prices remain capped by a firm DXY. Among major macro releases, the University of Michigan sentiment index softened, while 1-year inflation expectations firmed up. In the UK, GfK consumer confidence edged lower and retail sales recorded a sequential decline.
On the domestic front, the Centre's H1FY27 borrowing is pegged at Rs 8.2 lakh crore. In another development, RBI has capped the net open positions of banks to curb currency volatility. This has led INR to trade stronger by around 0.9% in today's session.
Except China and Hong Kong, stocks elsewhere declined. Investors continued to monitor developments in West Asia even as oil prices traded near a four-year high. US indices declined amidst losses in mega-cap and software stocks. Sensex fell by 2.2% as real estate and auto stocks declined sharply. It is trading further weaker today, in line with other Asian stocks.
Source: Bloomberg, Bank of Baroda Research
Except CNY, other currencies ended weaker against the dollar. DXY rose supported by safe-haven demand as the conflict in West Asia spread further. INR depreciated sharply by 0.9% to close at a record low. However, it is trading stronger today after RBI intervention.
Japan's 10Y yield showed the sharpest upward correction tracking yen movement. India's 10Y yield rose by 7bps ahead of the borrowing calendar and is trading at similar levels today.
Source: Bloomberg, Bank of Baroda Research | Note: Mutual Fund data as of 19 & 20 Mar 2026
Oil prices climbed further as investors braced for a prolonged war in West Asia.
Global markets showed slight respite amidst optimism over a likely resolution of the Middle East conflict, with prospects of the US looking to de-escalate. Stocks in the US inched up, while DXY softened.
On the macro front, US Conference Board Consumer Confidence improved in Mar'26, while JOLTS job openings moderated. UK GDP rose by 0.1% as per Q4 final estimates, and China's manufacturing PMI remained stable.
On the domestic front, RBI has given relief to trade finance by extending the period for realization of both pre-shipment and post-shipment export credit to 450 days for all disbursals made till 30 Jun'26, which was earlier valid till 31 Mar'26. In a separate release, India's IIP growth accelerated to 5.2% in Feb'26 from 5.1% in Jan'26, led by manufacturing output expanding by 6.0% from 5.3% in Jan'26. On a FYTD basis, industrial output rose at a steady pace of 4.1%, the same pace as last year.
Global stocks ended mixed. While stocks in advanced economies advanced, Asian stocks (barring Hang Seng) ended weaker. Reports of possible de-escalation in the West Asia conflict lifted sentiments. In India, Sensex declined by 2.2%. Deep losses were noted in banking and real estate stocks. However, following global cues, Asian stocks including Sensex are trading higher today.
Source: Bloomberg, Bank of Baroda Research. Note: Indian markets were closed on 31 Mar 2026.
Except INR, other currencies ended stronger against the dollar. DXY declined by 0.5% on expectations of a possible end to geopolitical tensions. EUR gained the most. INR closed broadly unchanged while monitoring higher oil prices. It is trading marginally stronger today, while Asian currencies are trading mixed.
Global yields softened amidst risk-off sentiments. Both US and Germany's 10Y yields softened by 3bps each. Major momentum was witnessed in India's 10Y yield which crossed the 7% mark as inflationary and fiscal concerns persisted.
Source: Bloomberg, Bank of Baroda Research. Note: Mutual Fund data as of 19 & 20 Mar 2026.
Oil prices rose further as investors monitored developments in the Middle East.
Source: Bloomberg, Bank of Baroda Research.
Given uncertainty around US and Iran peace talks, oil prices rebounded and bond yields also inched up. Analysts are increasingly concerned about the impact of war on global inflation. BoE’s Chief Economist has warned that the central bank stands ready to act in response to rising inflationary pressures. Other central banks may adopt a similar stance if oil prices remain elevated.
In Australia, RBA remains cautious as core inflation stayed sticky at 3.3% in Feb’26, unchanged from Jan’26, mainly due to housing inflation. In Japan, core inflation (excluding food and fuel) eased slightly to 2.5% in Feb’26 from 2.6% earlier. However, inflation prints are expected to rise across countries in Mar’26. In the US, flash services PMI dropped to an 11-month low of 51.1 in Mar’26 (vs 51.7 in Feb’26), reflecting weakening demand amid uncertainty and rising living costs.
Global equity markets mostly closed higher (except the US), despite ongoing uncertainty around ceasefire talks. Hang Seng outperformed, driven by banking and gold stocks. Sensex also rallied, led by gains in consumer durables and banking stocks. It is trading further higher today, in line with Asian markets.
Global currencies mostly weakened against the US dollar. DXY strengthened amid uncertainty over peace talks. INR appreciated slightly despite higher oil prices, though it is trading lower today.
Bond yields mostly edged higher, except in Japan and China. UK yields rose the most following hawkish commentary from BoE. India’s 10Y yield increased by 3bps due to rising oil prices, though it is trading slightly lower today.
Oil prices rebounded following conflicting remarks from the US and Iran regarding peace talks.
Disclaimer: The views expressed in this research note are personal views of the author(s).
@2026 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