All you wanted to know about Mega E- Auction of Bank of Baroda on 22 October 2021

 Bank of Baroda one of our countries leading public sector bank has come out with the Mega e- Auction of Several immovable properties such as Housed, Flats, Office Spaces, Lads/ Plots and Industrial Properties.

All under SARFAESI Act on 22-10-2021

All the properties are having Clear Title, Immediate Possession and Loans are also available on the auctioned properties.

Those who are looking to own properties especially house or residential flats its a great opportunity for them to participate in the Bank of Baroda e- Auction to be held on 22 October 2021.

Click Here to download the list of Properties schedules for Mega E Auction of Bank of Baroda on 22-10-2021

Click Here to Participate in the E Auction of Bank of Baroda to be held on 22-10-201

Tips for Bank of Baroda E- Auction 

First check all the details of the property from the list given above such as price , area, location.

If you have shortlisted the property then you need to pay the EMD after that you can participate in the property auction.

DO not bid above the base price or reserve price of the property as properties sold in auction are generally more or less at market price hence bid only at reserve price.

You can participate in the 3-4 bids at a time but you need to pay the EMD for all the property to participate.

Click Here to View all the properties listed for Auction by Public Sector Banks in India

Govt. to Infuse INR 20,000 Crores in Public Sector Banks

 Good news for the India's Public Sector Banks which are already struggling due to series of bad loans and reduction of market share , the govt will infuse Rs. 20.000 Cores in all the Public Sector Bank. 

The amount to individual banks will depend upon their requirement and other regulatory norms of exchange listing. The important thing here to look is that banks be it be private or public sector all of them are grappling with older and newer NPA which have started to mount due to Covid 19 Pandemic and extended lockdown due to which the business activities are yet to start with full capacity.

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Should I buy the shares of Listed Public Sector Banks ?

As a regular reader of our blog we have been constantly receiving queries and suggestions that on each news if it is related to listed stock companies we should give our analysis on buying or selling of that company or sector shares.

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So our analysis shows that your should not jump on to buy the shares of Public sector banks by just reading the above news or upon recommendation on the main stream business news channels or business newspaper or brokers. All of them are here to sell the stories to earn the quick bucks for TRP or subscription. 

We would suggest that one should better wait the opportnities to buy these PSB stocks only after they correct to 10-20% from the present levels which is very likely to happen when broader market corrects in coming days.

Your Comments & Suggestions are welcome in comments section,

Important Financial News for week 19 to 26 April 2020

• Franklin Templeton India has informed that they have shut down 6 of their debt funds , and amount will be paid to investors in phased manner as and when money is received from from the securities maturing on their due dates.
• Banks have parked more than 7 Trillion Rupees with the Central Bank i.e., Reserve Bank of India which is highest in recent times , as they are afraid of lending the bulk amount to NBFC fearing repayment delays.
• PhonepPe has informed that they are eyeing to become profitable by 2022.
• Mid sized Indian it firm Mindtree has declared their q 4 results which are better than the market expectations and their q 4 profit now stands at 206 Cores.
• Third largest public sector lender after State Bank of India and Punjab National Bank , Bank of Baroda has announced that they are planning to raise Rs 13, 500 Crores over a period of 1 years through mix of both debt and equity and also planning to sell shares to their staff under employee stock options schemes at a discount.
• Tata Steel to raise Rs 5,000 Crores via NCD and that too through private placements hence retail investors will not be getting chance to subscribe the same.
• Due to slump in demand India's number one food delivery mobile app Swiggy has informed that they shall be laying off 500 cloud kitchen staff.