Bank of Baroda

So that is the sense which is happening in that segment.

So in that context, you know, there was an estimate by Bank of Baroda's economists who had said that music concerts over the last twenty-four months could have actually resulted in a spending push of sixteen hundred to two thousand crore, and a significant share of this would have been supported through multiple credit cards.

So that is the sense which is happening in that segment.

Any uncontrolled increase in that segment is what may create an alarm.

Yes,

because and I discussed this in the book because global corporates who were very much in partnership with the corrupt politicians in the state capture episode in South Africa the Bain and company the KPMG's the banks like Baroda Bank Which most the owned by this Indian government by the way and HSBC and Standard Chartered that's where it was through those banks that the looted money went that the Zoomers and the Guptas, principally the Guptas, looted it from South African taxpayers, essentially, and from the public purse and sent it out through those channels.

So that's corporate complicity, global corporate complicity.

The then you get the management consultancies like Bain and company brought in to disable SARS To disable the South African tax agency South African Revenue Service.

Amongst the services sectors, financial real estate and IT saw a double-digit growth of 12% compared to 8.8% during the comparable period.

A note from Bank of Baroda Research said that this was a much higher-than-expected rate against their forecast of 7% to 7.2%, Bank of Baroda said in nominal terms, growth was about 10.3%, aided by higher inflation, which enters the deflation indices.

They also said that growth has been spearheaded by capital formation, which has increased to 34.3% in nominal terms from 31.4% last year, with a growth thus of 20.4%.

This, the bank says, is a major takeaway as it involves both private and government expenditure, with the former being driven by data centers and power besides metals.

PNB, hundred and fifteen against hundred and twelve.

Canara Bank, Union Bank, Bank of Baroda, Yes Bank, AU Small Finance Bank, all the same story.

Nine out of ten worst price dislocations in the entire market yesterday's were banks.

And one-- And the result was a number that you should stop to.

That is a four percent of the sample if and a hundred percent of the stocks that are traded in the cash session.

But look at who was in the four percent.

The ten worst were IndusInd Bank minus three point two eight percent, Federal minus three point one, IDFC minus three percent, PNB two point nine five, Union Bank two point four nine, Canara minus two point four one, Yes Bank two point two nine, Bank of Baroda one point eight seven.

Read that list again.

This is Chetha Dalal.

This week we are going to revisit the Bank of Baroda issue.

Why? Because there is more than one issue.

So last week we had a familiar Indian story dressed up in a set of fresh numbers.

An institution funded by taxpayers treats its biggest defaulter with far more discretion than it shows to ordinary defaulters or even depositors.

People like us who may be late in updating Know your customer forms.

So last week, my colleague Yogesh Sapkali reported how Bank of Baroda, public sector bank, countable taxpayers has written off 35,715 crore rupees in just five years.

And this is a technical write-off.

As foreign investor demand stays strong, Indian lenders have raised around USD 4 billion through global bond issuances in recent months, with strong demand from international investors expected to support further fundraising in the second half of 2026.

The issuances between mid-June and mid-August included fundraising by HDFC Bank, State Bank of India, ICICI Bank, Axis Bank and Bank of Baroda.

CT India said investor demand allowed several lenders to secure tighter pricing than initially indicated.

The fundraising comes after the Reserve Bank of India introduced measures to attract more foreign currency into the country amid pressure on the rupee.