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Bank Of Baroda News

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers
Business

Coronavirus Outbreak: Banks announce special emergency loan products, credit lines for customers

Public sector banks with about 80 percent of banking operation have taken steps to ensure the safety of its staff and uninterrupted banking services to customers.

Coronavirus outbreak: Bank of Baroda to not charge customers for digital transactions for three months
Business

Coronavirus outbreak: Bank of Baroda to not charge customers for digital transactions for three months

State-owned lending major Bank of Baroda (BoB) on Thursday has announced zero charges on digital transactions for three months amid Covid-19 outbreak

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline
Business

10 State-owned banks announce share swap ratios for mergers with nearing of March-end deadline

The Union Cabinet on Wednesday had okayed the amalgamation of 10 public sector banks to create four large state-owned lenders with effect from 1 April, 2020

RBI may not follow Fed with rate cut next month; rally in bond yields likely to prove premature: Economists
Business

RBI may not follow Fed with rate cut next month; rally in bond yields likely to prove premature: Economists

The RBI has repeatedly said there is space for more rate cuts if inflation eases. The February reading, to be released later in the month, might prove critical.

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending
Business

Mega bank consolidation: Meeting 1 April deadline appears challenging with approvals, clearances still pending

According to a senior banker, information technology integration of Vijaya Bank and Dena Bank with Bank of Baroda is still in process even after 10 months of merger.

Calcutta HC asks RBI to take action against Bank of Baroda for failing to honour bank guarantee dismisses lender's appeal for default
Business

Calcutta HC asks RBI to take action against Bank of Baroda for failing to honour bank guarantee dismisses lender's appeal for default

IOCL maintained that in such circumstances and considering the conduct of Bank of Baroda, an appropriate order ought to have been passed to revoke its licence since it had acted in a manner unbecoming of a bank, a nationalised bank at that.

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper
Business

Bank of Baroda cuts MCLR by up to 10 bps effective 12 February; home, auto loans to become cheaper

State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective 12 February

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani
News & Analysis

Collaboration using blockchain technology is key to solving a lot of systemic issues in banking sector says IBM's Jitan Chandanani

In the first phase of this network, the banks set up a live network for supply-chain vendors across India to register themselves

Bharat Bandh: Transport, banking hit in several states as Left, Congress-backed unions go on strike; vandals torch vehicles in Bengal
India

Bharat Bandh: Transport, banking hit in several states as Left, Congress-backed unions go on strike; vandals torch vehicles in Bengal

The day-long Bharat Bandh called by 10 trade unions was hit normal life in the statesof West Bengal, Assam and Odisha, while it evoked a lukewarm response in many states including Maharashtra, Karnataka and Tripura.

Bharat Bandh 2020 Updates: TMC, CPM spar over violence in Bengal; parties without political existence indulging in cheap tactics, alleges Mamata Banerjee
India

Bharat Bandh 2020 Updates: TMC, CPM spar over violence in Bengal; parties without political existence indulging in cheap tactics, alleges Mamata Banerjee

Bharat Bandh 2020 Updates:Hitting out at the Left and the Congress, Chief Minister Mamata Banerjee said on Wednesday that those who don't have any political existence in the state are trying to ruin its economy by pursuing "cheap politics" of strikes.

Bharat Bandh 2020: Banking, transport services set to be impacted as trade unions call for strike against Centre's labour policies
India

Bharat Bandh 2020: Banking, transport services set to be impacted as trade unions call for strike against Centre's labour policies

In West Bengal, trade unions affiliated to Left and other parties called for a Bharat bandh against the economic policies of the BJP government. However, the TMC-led state government said it will not support any bandh.

Bharat bandh likely to affect banking, ATM services on 8 January; online services may function normally
Business

Bharat bandh likely to affect banking, ATM services on 8 January; online services may function normally

Apart from banking services, ATM services are also expected to be affected during the one-day Bharat bandh, said the report.

Bank of Baroda raises Rs 920 cr by issuing Basel III compliant bonds on private placement basis
Business

Bank of Baroda raises Rs 920 cr by issuing Basel III compliant bonds on private placement basis

The issue which opened on Thursday and closed the same day, saw a total of 11 allottees through private placement of bonds, Bank of Baroda said in a BSE filing.

Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year
Business

Allahabad Bank shares jump 11% on fresh capital infusion; lender to receive Rs 2,153 cr from govt this financial year

Allahabad Bank had not featured in the list of banks that were approved a total fresh capital infusion of Rs 55,250 crore, as announced on August 30 by the government.

NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye
Business

NPA divergence of Rs 29,000 cr in 12 banks: Why there is more to accounting jugglery than meets the eye

Starting with private sector lender Yes Bank to the country’s largest lender, SBI, a dozen banks have reported divergence on their gross NPAs that has taken the shareholders by surprise.

Bank of Baroda gains over 4% after share purchase pact with Ansa Merchant Bank, to sell lender's Trinidad & Tobago business
Business

Bank of Baroda gains over 4% after share purchase pact with Ansa Merchant Bank, to sell lender's Trinidad & Tobago business

Bank of Baroda Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary.

Bank of Baroda shares climb over 3% after share purchase agreement with Ansa Merchant Bank
Business

Bank of Baroda shares climb over 3% after share purchase agreement with Ansa Merchant Bank

Bank of Baroda (BoB) Trinidad & Tobago started its operations in October 2007 as a wholly-owned overseas subsidiary

Banks cut MCLR after RBI keeps repo rates unchanged; here is a look at revised interest structure
Business

Banks cut MCLR after RBI keeps repo rates unchanged; here is a look at revised interest structure

On 9 December, the country's largest lender SBI announced the reduction in its marginal cost of MCLR by 10 basis points across all one-year products.

Bank of Baroda cuts one-year MCLR to 8.25% after repo rate unchanged in monetary policy review
Business

Bank of Baroda cuts one-year MCLR to 8.25% after repo rate unchanged in monetary policy review

The one-year MCLR is used as a benchmark for setting most of the personal loans such as home and auto

Govt bowls a googly in corporate tax cut bill, implications of low labour force participation rate; read this and more on Moneycontrol Pro
Business

Govt bowls a googly in corporate tax cut bill, implications of low labour force participation rate; read this and more on Moneycontrol Pro

The government has introduced a bill in Parliament to implement the new corporate tax rates and replace the ordinance promulgated in September 2019.