India's Bank of Baroda gains after positive quarterly business update

Bank of Baroda

05/10/2026 06:48

** State-owned lender Bank of Baroda BOB.NS shares rise as much as 2.82% to 237.32 rupees apiece
** Rise after BOB posts 16.75% year-on-year rise in global deposits and 18.27% jump in global advances in the September quarter
** Global business rose by 17.45% Y/Y as of September 30, 2026 to 32.64 trillion rupees (about $339 billion), BOB says in a business update
** BOB's update indicates healthy advances and deposits growth, says Motilal Oswal, reiterating "neutral"
** BOB shares down 20.7% in 2026 so far, lagging the 8.4% drop in Nifty Bank index .NSEBANK, exchange data shows

($1 = 96.2700 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))