Latest news with #BankOfBaroda
Times of Oman
4 days ago
- Business
- Times of Oman
India's consumption demand improves in Q1FY26, hints a softer monetary policy ahead: Bank of Baroda
New Delhi: The Indian economy is showing signs of improving consumption demand in the first quarter of the financial year 2025-26 (Q1FY26), according to a recent report by Bank of Baroda. The report highlighted the high frequency indicators that point towards a pickup in economic activity across various sectors compared to the previous quarter. It stated, "High frequency data available for Q1FY26 so far shows that consumption demand appears to be improving compared with last quarter.... domestic inflation remains in favour which hints at softer monetary policy". The report expects this trend to continue, with investors remaining hopeful about the successful completion of the India-U.S. trade deal before the August 1 deadline, which could further support the INR. Domestic inflation remains favourable, which according to the report, hints at the possibility of a softer monetary policy going ahead. The report also highlighted that steel consumption growth has picked up pace, indicating increased infrastructure and construction activity. Additionally, there has been a rise in electronic imports, suggesting higher household and industrial demand. The central government's revenue spending also increased during the quarter, further supporting consumption trends. The report also shared that the service sector activity showed improvement as well. Indicators such as the services Purchasing Managers' Index (PMI), vehicle registrations, diesel consumption, revenue collection of states, and e-way bill generations all reflected higher activity levels in Q1FY26. Monsoon activity has been healthy too, with rainfall at 15 per cent above the long period average (LPA) as of July 9, 2025, which could provide further support to rural demand and agriculture. The report also noted that both services and manufacturing PMIs have improved in Q1 compared to Q4. Capital goods production, capital expenditure spending, and new project announcements also fared well in the first quarter. However, the report pointed out that demand for work under MGNREGA (household) remained muted, and there were some strains in the performance of 2-wheeler sales. A moderation was also observed in consumer durables and FMCG output. On the macroeconomic front, the report shared that India's 10-year government bond yield showed some stability in July after a moderate correction in June 2025. The report also shared that the Indian Rupee (INR) is trading with an appreciating bias in July 2025, despite ongoing concerns over U.S. tariff policies.
India.com
04-07-2025
- Business
- India.com
Bank of Baroda LBO recruitment 2025: Apply for 2500 posts; Check eligibility criteria, fee, last date
Bank Of Baroda LBO Vacancies 2025: Bank Of Baroda(BOB) is now accepting applications for Local Bank Officers (LBO) pan India across 18 Indian states. Interested and eligible candidates can apply directly on its online portal on the link given a follows – The online registration process has started from July 4, 2025, and interested candidates can register, submit fees and complete their application by July 24, 2025, giving them a window of 20 days on hand. Eligibility criteria- Candidates are expected to fulfill certain conditions to be eligible enough to apply for the post as of July 1st, 2025. Candidates must have a graduation degree in any discipline from a recognised University by University grants commission (UGC) of India. Equivalent professional courses students are also eligible. Candidates must also have at least 1 year of post-qualification experience as an officer in any scheduled commercial or regional rural bank listed in the second schedule of the Reserve Bank of India (RBI). Candidates are also expected to be fluent in reading, writing and comprehending skills of the local language of the state they are applying to. Notably, candidates that are experienced from NBFCs, co-operative banks, small finance banks, fintechs or payment banks are not accounted. Examination process- The candidates are required to give an online test, followed by a psychometric test, a group discussion (GD), and a personal interview. The exam conducted through online mode will test candidates English language skills, banking knowledge, general/ economic awareness, reasoning ability, and quantitative aptitude. All the sections carry 30 marks each and have to be attempted in a span of 30 mins per section with a cumulative marks coming out to be 120 and of two hours of duration. Unreserved and economically weaker section (EWS) candidates must at least score 40% in each section and reserved students must score 35% to qualify. Additional details- Unreserved, EWS and OBC candidates are required to pay a sum of Rs. 850 while candidates reserved under SC, ST, women, ex-servicemen are to pay Rs. 175 inclusive of GST through online modes like debit/credit cards, net banking or UPI. Steps to apply- Go to the official site of BOB Navigate to the 'Careers' tab. Enter necessary credentials like a personal email, contact number that should remain the same through out the recruitment process. Candidates are advised to keep a copy of their application handy for future use. For more details, candidates can refer to the official notice given by the BOB website.
Times of Oman
18-06-2025
- Business
- Times of Oman
Indian Rupee likely to trade between 85.25-86.25/USD in near term: Bank of Baroda Report
New Delhi: The Indian rupee is expected to trade in the range of 85.25 to 86.25 against the US dollar in the near term, according to a report by Bank of Baroda. The report also warned that there are risks to the rupee's stability due to rising geopolitical tensions and possible changes in US tariffs. It stated, "We expect INR to trade in the range of 85.25-86.25/USD in the near-term. Risks remain from a significant escalation in geo-political tensions". The report highlighted that the rupee has depreciated by 0.6 per cent in June 2025 so far, adding to a 1.3 per cent decline in May 2025. Much of the pressure on the rupee came in the second week of June, especially after reports of a conflict between Israel and Iran. Before this, the rupee was trading in a narrow range between 85.39 and 85.63 from June 2 to June 12. However, after news of Israel's attack on Iran came out, the rupee fell sharply by 0.6 per cent on June 13. This was the biggest one-day fall for the rupee in a month. Since then, the rupee has stabilised but is still trading above the 86 per dollar mark. The report also noted that global currencies gained in June 2025, mainly because the US dollar weakened. The dollar index (DXY) dropped by 1.3 per cent. This happened as US economic data, such as inflation and labour market reports, showed that price pressures in the economy remain under control. The labour market data, however, showed mixed trends. Due to these factors, investors are expecting the US Federal Reserve to cut interest rates later this year. The chances of a rate cut in September 2025 have increased to around 60 per cent, up from about 50 per cent a month ago. Despite the global uncertainty, the Indian rupee has remained mostly stable. This is in line with the trend seen in other global currencies, which also saw a brief fall but later recovered. Going forward, the rupee may face some volatility due to global headwinds and the approaching end of the US tariff pause.
