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No more, says Finance Ministry after hiring private professionals to head two public banks

Aug 17, 2015

No more, says Finance Ministry after hiring private professionals to head two public banks

Having appointed private sector professionals to head two large public sector banks (PSBs), the Finance Ministry said further such hiring of CEO and managing directors in banks would be from existing public sector talent pool. #finance ministry #TheySaidIt #CEO #Bank of Baroda #public banks #MD
Hit by bad loan surge, Bank of Baroda Q1 net drops 23% at Rs 1,052 cr

Jul 30, 2015

Hit by bad loan surge, Bank of Baroda Q1 net drops 23% at Rs 1,052 cr

Bank of Baroda scrip, however, shot up 9.31 percent to Rs 167.30 apiece #BSE #Bank of Baroda #Stock #bad loans #BoB #wage
PayPal to buy Xoom for $890 mn in cash to expand portfolio

Jul 02, 2015

PayPal to buy Xoom for $890 mn in cash to expand portfolio

The move provides PayPal entry into the profitable and growing remittances market of Xoom in emerging economies of India, China and Brazil, among others. #ICICI Bank #PayPal #Yes Bank #HDFC Bank #Bank of Baroda #Punjab National Bank #Federal Bank #Kotak Mahindra Bank #Union Bank Of India #Digital money transfer #Xoom Corporation #Dan Schulman
Panel to interview private bankers for top posts in five public sector banks

Jun 11, 2015

Panel to interview private bankers for top posts in five public sector banks

Among the 26 candidates, about seven existing executive directors of the various public sector banks have been shortlisted for the interview. #NewsTracker #Interview #Canara Bank #Raghuram Rajan #Bank of Baroda #Punjab National Bank
ICICI faces brunt of a faltering economy, worst isnt over for banks yet

Jan 30, 2015

ICICI faces brunt of a faltering economy, worst isnt over for banks yet

ICICI Bank, on Friday reported a lower than expected net profit of Rs 2,889 crore in the three months ended 31 December, weighed down by a notable rise in its bad loan levels and subsequent provisions. #Business #Sensex #RBI #Narendra Modi #Banking #ICICI Bank #EarningsShow #Yes Bank #Axis Bank #Chanda Kochhar #Bank of Baroda #NPAs #corporate loan
Poor BoB, Vijaya earnings show stress on public banks, mirror true state of economy

Jan 30, 2015

Poor BoB, Vijaya earnings show stress on public banks, mirror true state of economy

The current situation of bad loan addition on the books of state-run banks is unlikely to get better in the foreseeable future. #Business #Economy #EarningsShow #Bank of Baroda #Vijaya Bank #Income tax #bad loans
Bank of Baroda to raise Rs 1,000 cr via bonds to fund business expansion

Jan 11, 2015

Bank of Baroda to raise Rs 1,000 cr via bonds to fund business expansion

State-owned Bank of Baroda (BoB) plans to raise Rs 1,000 crore from bonds soon to fund business expansion. #RBI #ICICI Bank #Bank of Baroda #KYC #Bonds #Basel III #Expansion
Trade unions want five-days a week work for PSB staff; talks on with IBA

Jan 08, 2015

Trade unions want five-days a week work for PSB staff; talks on with IBA

Bank staff trade unions have withdrawn the four-day strike call planned later this month following temporary truce with the Indian Banks Association (IBA), the industry lobby of Indian banks. #Strike #finance ministry #bank #SBI #Bank of India #Canara Bank #Bank of Baroda #OBC #Federal Bank #Union Bank #UFBU #Corporation Bank #IBA #PSBs #bank staff trade unions