Milestone Achievement: Bank of Baroda Joins ₹1 Trillion Market Cap Club, Second PSU Bank to Achieve Milestone

Tanushree Jaiswal 28th July 2023 - 11:23 pm

Bank of Baroda has become the second public sector bank in India to surpass ₹1 lakh crore market capitalization. The stock reached a record high of ₹194 per share, rising 3% from the previous close.

Only the State Bank of India has achieved this milestone among Indian PSU lenders. Bank of Baroda's stock has surged nearly 22% since March 28, driven by strong earnings in the March quarter and for the entire FY23. The bank reported its highest quarterly net profit of ₹4,775 crore,168% YoY increase, and an annual profit of ₹14,110 crore, up 94% YoY. SBI's market capitalization standing at around ₹5.07 lakh crore.

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Tanushree Jaiswal

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