Bank Of Baroda BOB Share Price Target 2022, 2023, 2024, 2025, and 2030

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Bank of Baroda BOB share price target 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Bank of Baroda BOB share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear to you, in this article we have mentioned Bank of Baroda BOB share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

Also read: Future Retail share price target.

Bank Of Baroda BOB Share Price Target 2022, 2023, 2024, 2025, and 2030: Company Profile

Bank of Baroda (BoB) was founded by Maharaja Sayajirao Gaekwad in July 1908. The bank is an Indian state-owned International banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. Its headquarters is in Vadodara and it has a corporate office in Mumbai. Vijaya Bank and Dena Bank amalgamated into Bank of Baroda with effect from April 1, 2019. The amalgamation provides significant long-term benefits to the Bank and its customers.

The bank has been investing in technology to improve customer experience. Initiatives such as digitizing account opening through TAB Banking, revamping its mobile application, centralization of back-office operations, setting up an Analytics Centre of Excellence (ACoE) and Baroda Kisan platform for its farmers are efforts in that direction. It is expanding its digital focus even further by setting up a dedicated Digital Lending Department which will exclusively cater to digital on-boarding and processing of loans for Retail and MSME customers using internal and external sources of information and state-of-the-art machine learning and algorithms.

The Bank is proactive in its approach toward empowering the unbanked segment by offering suitable financial products & services and making them financially literate. The Bank is consistently working towards strengthening the financial inclusion initiatives by leveraging the Government’s Digital programs.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services, and treasury services.

Share Holding Pattern

Bank Of Baroda BOB Share Price Target 2022, 2023, 2024, 2025, and 2030

Net Profit

Bank Of Baroda BOB Share Price Target 2022, 2023, 2024, 2025, and 2030

EPS

Bank Of Baroda BOB Share Price Target 2022, 2023, 2024, 2025, and 2030

Bank Of Baroda BOB Share Price Target 2022

The Bank’s asset quality has improved despite the economic impact of the pandemic. The gross nonperforming ratio of the Bank has declined to 8.87% as of March 31, 2021, from 9.40% as of March 31, 2020. Encouragingly, the domestic corporate credit cycle seems to be turning because of which domestic credit cost has fallen to 1.54% during FY 2021 from 2.51% in the previous financial year. The Bank’s overall provision coverage ratio (including technical write-offs) is stable at 81.80% as of March 31, 2021.

The Bank’s domestic CASA deposits increased by 16.48% during FY 2021. Within CASA deposits, the Bank’s current account deposits increased by 24.09% and savings deposits by 15.06%. Thus Bank’s CASA ratio increased to 42.87% as of March 31, 2021, from 39.07% as of March 31, 2020, an increase of 380bps. This has been achieved on the back of digital onboarding of customers, the roll-out of the Bank’s state-of-the-art cash management solution, and partnerships such as the one with the Ministry of Corporate Affairs (MCA).

The Bank’s domestic credit off-take was in line with industry growth of 5% in FY 2021. While corporate borrowers moved to bond markets to meet their funding requirements, the Bank was able to grow its MSME, retail, and agriculture portfolio in double digits. MSME portfolio increased bolstered by the government’s sovereign guarantee. The agriculture segment was catapulted by a 32.64% increase in gold loans. The retail loan portfolio saw a broad-based increase in both secured and unsecured loans. For instance, BOB auto and personal loan book increased by 27.79% and 27.21% respectively in FY 2021. By considering all these factors, Bank of Baroda BOB share price target for 2022 is Rs 128.

Bank of Baroda BOB share price target 2022
Rs 128

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Bank Of Baroda BOB Share Price Target 2023

The outstanding net credit of the Bank increased to 7,06,301 crore as of March 31, 2021, within which domestic advances were 6,05,616 crore. The increase in domestic advances was led by the retail, MSME, and agriculture sector. Organic retail loans increased to 1,20,256 crore led by auto and personal loans. With this, the ratio of retail loans to total domestic loans increased to 20.68% during the year. The international loan book stood at 1,00,685 crore as of March 31, 2021. The Bank is focused on adopting the ‘Digital First operating model’ to deliver an enhanced customer experience.

Towards this objective, the Bank established a dedicated vertical known as the ‘Digital Lending Department’ responsible for developing the digital journeys for Bank’s lending products, particularly in the Retail and MSME segments. As part of the roll-out, retail products such as personal loans, car loans, and home loans are being digitized. The MSME loan renewal for loans up to 25 lakh was launched digitally. The Bank integrated Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi scheme (PM SVANidhi) portal for onboarding the street vendors and providing them with Unified Payments Interface (UPI) Quick Response (QR) codes. The total assets of the Bank increased to 11,55,365 crore as of March 31, 2021.

The MSME portfolio as of March 31, 2021, stood at 96,200 crores. The Bank added 2.72 lakh new MSME customers in FY 2021. The Bank increased the network of dedicated SME processing centers from 27 to 71 SME Loan Factories (SMELF). In addition, 15 new SME branches were opened to cater to customers as a one-stop solution for all financial needs which include personal loans, deposits, forex-related services, and financial solutions to promoters.

For the geographical areas not covered by these loan factories and SME branches, the Bank established specialized 49 SME cells to process loan proposals under the COVID relief package with a focussed approach along with monitoring of SME accounts. Bank of Baroda BOB share price target for 2023 is Rs 144.

Bank of Baroda BOB share price target 2023
Rs 144

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Bank Of Baroda BOB Share Price Target 2024

  • Basic Saving Bank Deposit (BSBD) accounts increased by 78.13 lakh (15.26%) and deposits increased by 4,791 crores (25.58%).
  • Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts increased by 83.34 lakh (20.30%) and PMJDY deposits increased by 4,340 crores (30.36%).
  • The Bank’s share in comparison with PSBs stood at 14.79% for PMJDY accounts and 16.47% for deposits under PMJDY accounts.
  • The share of zero balance PMJDY accounts of the Bank reduced to 5.30% as of March 31, 2021, from 7.88% as on March 31, 2020
  • Enrolment in microinsurance during the year increased by 48 lakh and was 2.60 crores as of March 31, 2021.

The Bank has 96 overseas branches/offices across 19 countries. Out of this, 44 overseas branches/offices (including 9 EBSUs in UAE, 1 Mobile Banking Unit in Mauritius, and 1 International Banking Unit in GIFT City, Gandhinagar, Gujarat, India) belong to the Bank and 52 branches are part of the Bank’s 7 overseas subsidiaries. In addition, the Bank has one Joint Venture viz. India International Bank (Malaysia) Bhd. in Malaysia and one associate bank viz. Indo Zambia Bank Ltd. in Zambia with 30 branches.

The Bank has a presence in the world’s major financial centers of New York, London, Singapore, and Dubai. In the international arena, Bank pursues a strategy of driving growth and value by meeting the international banking requirements of Indian corporates; catering to India linked cross-border trade flows for Indian and locally incorporated companies or firms, and being the preferred Bank for Non-Resident Indian (NRI)/ Persons of Indian Origin (PIO). In overseas centers, substantial progress was made in IT up-gradation for end-to-end business solutions, with a focus on digitization and centralization, to improve productivity and customer experience.

The Bank has strategically undertaken rationalization of its overseas presence based on a comprehensive evaluation framework. As part of this exercise, during the year, the wholesale branch in China was closed, the Sohar branch was merged with the Greater Muttrah branch in Oman and the entire stake in the wholly-owned overseas subsidiary at Trinidad and Tobago viz. Bank of Baroda (Trinidad and Tobago) Ltd was divested by the way of sale to Ansa Merchant Bank Limited.

The Bank is continuously consolidating and re-organizing its international operations in line with the new global environment and focusing on rebalancing the portfolio with a view to managing risks, shedding low-yield assets, and increasing profitability.

As of March 31, 2021, the Bank’s total business from international branches was 2,09,269 crore and constituted 12.51% of the global business. Total deposits were at 1,08,584 crore while net advances were 1,00,685 crore. Bank of Baroda BOB share price target for 2024 is Rs 161.

Bank of Baroda BOB share price target 2024
Rs 161

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Bank Of Baroda BOB Share Price Target 2025

The retail assets of the Bank increased to 1,32,565 crore as of March 31, 2021, from 1,20,822 crore as of March 31, 2020, thereby posting an overall growth of 9.72%. Organic retail loans (excluding portfolio purchase) increased to ` 1,20,256 crore, an increase of 14.35% over the previous year. Retail assets formed 20.68% of domestic advances as of March 31, 2021.

The key highlights of retail business in FY 2021 include:

  • Bank’s mortgage-based loan book (home, mortgage and rent receivables) stood at 99,630 crores as of March 31, 2021.
  • Within the retail segment, personal, home and education loans posted an increase of 27.21%, 11.10%, and 9.06%, respectively.
  • Auto loans for the Bank increased by 27.79% against industry growth of 9.50%.
  • Bank opened 27 new Specialised Mortgage Stores (SMS) with a total of 126 SMSs as of March 31, 2021. These stores are located all across the country to deliver specialized and faster mortgage-based retail credit delivery.
  • Under the Digital Lending platform, in-principle approval for retail loan products such as home loans, personal loans, and auto loans is now being done online. The bank is offering end-to-end online micro personal loans of up to 50,000 to its liability customers.

Bank has a network of 2,852 branches in rural and 2,090 branches in semi-urban areas which are leveraged for priority sector and agriculture lending. The Bank’s agriculture advances increased to ` 99,543 crores as of March 31, 2021. The bank is the convener of the State Level Bankers’ Committee (SLBC) in 3 states i.e. Uttar Pradesh, Gujarat, and Rajasthan, and the Union Territory Level Bankers’ Committee (UTLBC) in 1 Union Territory i.e.

New Union Territory of Dadra and Nagar Haveli and Daman and Diu. Bank also shoulders the Lead Bank responsibility in 67 districts across the country. Bank continues to be the leader in lending to the agriculture sector which received an impetus from the Government’s vision of doubling farmers’ income by 2022.

The Bank has moved beyond granting simple farm credit to a more diversified rural lending strategy by focusing on new products like farm mechanization (tractor loans), horticulture loans, warehouse receipt financing, financing to Self Help Groups (SHGs), food and agro-processing, gold loans and flagship product Kisan Credit Card (KCC).

Bank entered into MoU with tractor manufacturers such as Gromax Agri Equipment Limited, Eicher Motors, Tractors and Farm Equipment Limited (TAFE), and Mahindra and Mahindra Tractors Ltd. for increasing the tractor loan portfolio. Bank of Baroda BOB share price target for 2025 is Rs 187.

Bank of Baroda BOB share price target 2025
Rs 187

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Bank Of Baroda BOB Share Price Target 2030

During the year, the Bank issued 3.91 lakh new KCC and devised a new scheme for bringing farmers engaged in animal husbandry and fisheries activities under the ambit of the KCC mechanism. As a part of its microfinance initiatives, Bank has credit-linked 77,722 SHGs by granting loans amounting to 1,671 crores during FY 2021. The Bank’s unique annual farmer outreach program “Baroda Kisan Pakhwada” was organized across the country from October 1, 2020, to October 15, 2020. The focus was to reach out to maximum farmers virtually through a digital platform in view of the COVID scenario.

A total of 13,811 activities/ events were organized during the “Baroda Kisan Pakhwada” and 3.57 lakh farmers participated. The Bank also introduced Infrastructure Development Schemes such as the Agriculture Infrastructure Fund (AIF), Animal Husbandry Infrastructure Development Fund Scheme (AHIDF), PM Formalisation of Micro Food Processing Enterprises (PMFME), Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan Scheme (PM Kusum), Pradhan Mantri Matsya Sampada Yojana Scheme (PMMSY) and compressed biogas to encourage the growth of agriculture infrastructure projects.

The vertical rolled out a number of initiatives to offer credit support to SHGs, Farmer Producer Organisations (FPO), Baroda Kisan Credit Card (BKCC), and investment credit borrowers. Overall, the amount sanctioned under different schemes was 2,378 crore under various COVID-19 schemes in FY 2021.

In order to provide universal banking services to all sections of the society especially to rural, semi-urban, and urban poor at an affordable cost, Bank has taken financial inclusion as a social commitment and also an opportunity to tap business through the BC model. The Bank has been actively working towards ensuring financial inclusion in the country through its branch and BC network. With the advent of technology, innovative steps are being taken for serving unbanked areas. Bank expanded its BC network by an additional 5,200 BCs to 23,320 BCs as of March 31, 2021, to cater to rural, semi-urban, and urban areas across the country.

The Bank took the following initiatives towards promoting financial inclusion:

  • Microinsurance enrolment through various channels such as missed call / net banking / mobile banking/ SMS/BC/branch.
  • Availability of services such as initiation of a request for SMS subscription, initiation of email statement, and debit card hot-listing at BC point. Aadhaar look-up facility and Aadhaar OTP based authentication of BC agent during transactions. Bilingual consent for Aadhaar seeding and instant pop-up for microinsurance for enrolment at BC point.

Bank of Baroda BOB share price target for 2030 is Rs 498.

Bank of Baroda BOB share price target 2030
Rs 498

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Bank Of Baroda BOB Share Price Target 2022, 2023, 2024, 2025, and 2030

YearShare Price Target
BOB share price target 2022Rs 128
BOB share price target 2023Rs 144
BOB share price target 2024Rs 161
BOB share price target 2025Rs 187
BOB share price target 2030Rs 498

Frequently Asked Questions

What is the target of Bank of Baroda?

BoB share price target for 2022 is Rs 128, BoB share price target for 2023 is Rs 144, BoB share price target for 2024 is Rs 161, BoB share price target for 2025 is Rs 187, and BoB share price target for 2030 is Rs 498.

Is Bank of Baroda good for long term?

Yes, if you want to hold for the long term, then BoB is one of the best PSU banks for the long term. Bank of Baroda CASA stands at 40.15% of total deposits and the company has delivered a good profit growth of 33% over the past 3 years.

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