, 17.11.

2017
Baroda Apex Academy, Gandhinagar NEWS FLASH 17.11.2017

Bank of Baroda Board to consider Rs. 6000 crore fund raising plan: Bank of Baroda today said the Finance Committee
of the board will meet next week to consider approving its plan to raise Rs 6,000 crore via QIP or rights issue. The meeting
of the designated board committee i.e. Finance Committee of the board will be held on November 21, 2017 to consider and
approve of equity fund, the bank said in a regulatory filing. (IE)
RBI likely to Zero in on 50 more stressed accounts: The RBI is likely to come up with a fresh list of around 50 loan
accounts that are either under stress or close to being classified as non performing assets. The regulator may set a March
31 deadline for banks to find resolutionson the or commence bankruptcy proceeding against the borrowers, a finance ministry
official said. (ET)
Structural reforms could change the glide path: Arun Jaitley: Union Finance Minister Arun Jaitley has hinted that
reform measures such as the introduction of the GST could possibly lead to a deviation from the fiscal road map. The Centres
fiscal deficit target for 2017-18 is 3.2 per cent of GDP. (BS)
Mixed bag for bad loan recoveries by banks in Q2: It was a mixed bag for bad loan recoveries by banks in the
September quarter of FY18 over the previous year, data showed. While, banks like SBI, Canara Bank, UBI and ICICI Bank
have reported higher recoveries, others like PNB, Axis Bank and Central Bank of India have shown dip in recoveries in
Q2. (FE)
IFC and HDFC create $800-mn corpus for affordable homes: In a major fillip to the governments housing for all
scheme, the IFC has joined hands with HDFC Ltd to create an $800-million fund to finance the construction of affordable
homes. The IFC, part of the World Bank Group, will put in $200 million by subscribing to masala bonds issued by HDFC and
to be listed on the London Stock Exchange. (BS)
Mid income groups get home loan boost: The Government on Thursday made loans cheaper even for slightly bigger
homes bought by middle income groups in a move that should boost demand and help kick start the real estate sector. (FE)
Payments company Square tests bitcoin buying and selling: Payments company Square said it has started allowing
select customers to buy and sell bitcoins on its Cash app, as it looks to tap into a craze that has sent the cryptocurrency up
nearly sevenfold this year. (BS)
Most retail digital payment modes grew in volumes during August September: Most modes of retail digital
payments grew in volumes between August and September, with credit and debit cards and PPIs, or wallets, being the
laggards, according to data released by the RBI. UPI grew the fastest on a m-o-m basis in September in terms of volume of
transactions. While the volume rose 85.4% over August to 30.8 million, the value of transactions on the channel grew 28%
to Rs 5,293.48 crore in September. (FE)
Over Rs. 30000 crore lined up for petrochemical MSMEs: Over Rs 30,000 crore would be pumped in to set up MSMEs
in petrochemical sector in eastern India over the course of two years, Union Petroleum Minister Dharmendra Pradhan said
today. (IE)
ICICI Bank, Paytm team up to offer small digital loans: Indias largest private bank ICICI Bank has entered the instant
micro-credit segment. Experts feel this would help bring more credibility and trust and, at the same time, expand the market
by bringing in more competition. (BL)
Passion and processes have to be balanced: India First Life MD: Its eight years since India First Life Insurance
Company opened for business and its MD and CEO, RM Vishakha, uses the occasion of its foundation day to reiterate the
philosophy of securing lives and creating value as its core mission. Starting out as the 23rd entrant into a crowded industry,
India First Life Insurance has grown to be the 13th ranked player and aims to break into the top 10 soon. (BL)

Circular of the day: - HO:BR:109:203 Cleaning of Locker Data in the system to start auto recovery of locker rent
Baroda Net Academy URL - http://barodanetacademy.bankofbaroda.co.in/ or http://barodanetacademy.co.in
A snapshot of economic data points 16.11.2017
Call Rate (%) 5.85 SENSEX 33106.82
5 yrs G Sec (%) 6.86 NIFTY 10214.75
10 yrs G Sec (%) 7.30 RBI Ref Euro / 77.99 Pound/ 86.04 $/ 65.29
Rates
CRR/SLR (09.02.2017)/(14.10.2017) 4.00/19.50 BPLR of our Bank (01.10.2017) 13.45%
Repo Rate/Rev. Repo Rate 6.00/5.75 Base Rate of our Bank (01.10.2017) 9.15%
(04.08.2017/04.08.2017)
Forex Res. (03-11-2017) in $ billion 398.739 Brent Crude ($ per barrel) 61.41
6 Month LIBOR in $ (15-11-2017) 1.61810% Gold (Rs. per 10 gms) 29445
MCLR of our Bank
For 3 months - 8.15% For 1 year 8.30% For 5 years & above 8.60%
(07/10/2017)
Effective MCLR = MCLR + Strategic Premium i.e. MCLR+0.25% BOB Share price Rs. 189.05 Overnight MCLR (%) 7.75%-8.10%

This is an initiative of Baroda Apex Academy, Gandhinagar- Compiled by Santosh Kr. Gupta; Research Associate
Disclaimer: The above does not purport to substitute or supplement banks extant guidelines on operational issues.
Baroda Academy Inventing Methods for Igniting Minds