Bank of Baroda MultiBagger 5 year time frame Long Term

Bank of Baroda MultiBagger 5 year time frame Long Term

• Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
• The founder, Maharaja Sayajirao Gaekwad, with his insight into the future, saw "a bank of this nature will prove a beneficial agency for lending, transmission, and deposit of money and will be a powerful factor in the development of art, industries and commerce of the State and adjoining territories."
• Between 1913 and 1917, as many as 87 banks failed in India. Bank of Baroda survived the crisis, mainly due to its honest and prudent leadership.
• Bank is Run by Mr. P. S. Jayakumar, CEO is a Chartered Accountant by qualification and additionally holds a Post Graduate Diploma in Business Management from XLRI Jamshedpur. He also has the distinction of being a Chevening Gurukool Scholar through the London School of Economics and Political Science. 
• Sales of the Bank has constantly growing at 10 %. Currently its EPS has dropped due to high bad loans given,
• But restructuring and new RBI norms will help the Bank to recoupe and comeup and this stock can go up and become a Multibaggers in next 5 years.