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Golden Period for Bank of Baroda from December 2008 to May 2009

Golden Period for Bank of Baroda from December 2008 to May 2009

The history of Bank of Baroda dates back to a Maharaja’s (Maharaja Sayajirao Gaekwad III of Baroda) foresight into future trade and enterprising industry. The Bank was established on 20th July 1908 under the Companies Act of 1897 with a paid up capital of Rs 10 Lacs. It has now come a long way to becoming the most strong and trustworthy financial institution. It is growing day by day. It provides all the services from lending, transmission and deposit of money.

The emblem of BOB represents wealth, safety, industrial development and an inclination to better and promote the country’s agrarian economy. It has a coin with an upraised arm indicating wealth which indicates that the depositor’s money is in the safe hands. It also has a cogwheel suggesting industrial growth with two corn ears indicating agricultural growth.

It is the fifth largest bank in India. It has total assets in excess of Rs. 1.78 lakh crores, or Rs. 1,780 bn., a network of over 2800 branches and offices, and about 1000+ ATMs.

It has braches all over the world in cities like New York, London, Dubai, Hong Kong (which it has upgraded recently), Brussels and Singapore, as well as a number in other countries. BOB also has its offices in Malaysia, China, Thailand, & Australia.

Technical Fact Sheet:

Chairman Industry
Anil K Khandelwal Banks – Public Sector
BSE Code 532134 NSE Code BANK OF BARODA P / E *** 10.72
ISIN Demat INE028A01013 Div & Yield % 1.67 Eps 33.59
Book Value 235.73 Market
Issue opens Jan 16, 2006
Issue closes Jan 20, 2006
Issue Price Band Rs 210 – Rs 230
Min Application 30 Shares and multiples of 30
Listing Date 19-02-1997

Astrological Analysis:
According to the Sun Horoscope of BOB’s establishment date, Saturn and Ketu’s presence in the wealth house might create some hindrances in its economic growth. However, as Mercury, Venus and Rahu are transiting through its Birth Chart, Jupiter will provide gains to the bank.

According to BOB,s nationalized date (19th July, 1969)’s Sun Horoscope, Saturn will transit through its Sun and Rahu will transit through its Birth Rahu taking a U turn between July 2006 and March 2007. However, after this period slow and steady growth is indicated for BOB.

The period starting from 10th December 2008 till 21st May 2009 can be considered as the golden period for BOB. It will create new history in the sector of banking.

May Lord Ganesha bless this bank with more and more depositors in the years to come!

Ganesha’s Grace,
Dharmesh Joshi,