Lifestyle inflation, driven by demand and targeted by policy rates, has exceeded the increase in prices of essential commodities since FY18, according to a report by Bank of Baroda’s economics department. The report highlights that lifestyle inflation rates have risen from 4% in FY18 to 6.4% in FY23, while per capita gross national disposable income has grown at a CAGR of 8.5%. The analysis reveals significant increases in the prices of various lifestyle items, reflecting increased affordability and aspirations for improved living standards.
Shares of Bank of Baroda traded higher even as the BSE benchmark Sensex dropped. The stock’s earnings per share and price-to-book value were reported.
Shares of Bank of Baroda traded at Rs 216.75 on BSE at 11:26AM on Wednesday, up 0.34% from previous close. The stock commanded a market value of Rs 112218.56 crore and had a P/E multiple of 6.03 and a price-to-book value ratio of 0.83. Promoters held 63.97% of the stock while overseas and domestic institutional investors owned 12.39% and 9.81% respectively.
The National Company Law Appellate Tribunal (NCLAT) has ordered a status quo on Sarda Energy & Minerals Ltd (SEML)’s bid to take over SKS Power Ltd responding to the company’s plea against a lower court’s order which had asked lenders to reconsider their decision to declare SEML as the winning bidder. The next date of hearing is November 24.
Bank of Baroda is set to divest 50% stake in Nainital Bank in the first tranche. Bidders including Gaja Capital, Piramal Alternatives-led consortium, Faering Capital, and Unity SFB are likely to participate. Read-on for more information.
