Bank of Baroda

In a strategic move reflecting growing institutional confidence in India's public sector banking space, Life Insurance Corporation of India (LIC) has increased its equity stake in Bank of Baroda (BoB) to 7.05%. The insurance giant acquired an additional 10.45 crore shares from the open market over a span of nearly 17 months—from November 20, 2023 to April 16, 2025. The stake hike, up from 5.03%, highlights LIC’s renewed conviction in BoB's long-term fundamentals amid the bank’s ongoing digital and structural transformation. Following the disclosure, BoB shares advanced 3.09% to Rs.

In a significant move reflecting the Reserve Bank of India's (RBI) commitment to bolstering economic growth, Bank of Baroda (BoB) announced on Thursday that it would pass on the RBI's policy rate cut to its customers immediately. The state-owned bank has reduced its external benchmark-linked lending rates by 25 basis points for loans targeting retail and MSME segments. This follows the RBI's decision to lower key interest rates for the second consecutive time, aiming to cushion growth amidst external pressures such as the threat of reciprocal tariffs from the US.