Bank Of Baroda

Bank Of Baroda News

RBI slaps Rs 2.50 cr fine on Bank of Baroda for non-compliance of directions on Bihar NGO
Business

RBI slaps Rs 2.50 cr fine on Bank of Baroda for non-compliance of directions on Bihar NGO

Bank of Baroda on Tuesday said the RBI has imposed Rs 2.50 crore fine for non-compliance of directions issued to it with regard to Bihar-based NGO Srijan Mahila Vikas Sahyog Samiti Ltd

DHFL crisis: High Court says mortgage financier can provide payments to SBI, other lenders with which it has securitisation deals
Business

DHFL crisis: High Court says mortgage financier can provide payments to SBI, other lenders with which it has securitisation deals

DHFL can make all the future payments as well as those payments that were due since October 10 when the court had passed the earlier order, the judge said

Bank of Baroda shares jump over 5% to Rs 98.90 on back of 73% surge in September-quarter net profit
Business

Bank of Baroda shares jump over 5% to Rs 98.90 on back of 73% surge in September-quarter net profit

State-owned Bank of Baroda on Friday reported a jump of 73.2 percent in its net profit to Rs 736.68 crore in the second quarter ended 30 September.

Bank of Baroda net profit jumps 73% to Rs 737 cr in September quarter; lender's gross NPAs decline
Business

Bank of Baroda net profit jumps 73% to Rs 737 cr in September quarter; lender's gross NPAs decline

Bank of Baroda raised the provisions for bad loans and contingencies to Rs 4,209.16 crore for the quarter, from Rs 2,429.54 crore a year ago.

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI
Business

Over 3,400 branches of 26 public sector banks closed or merged in last 5 years: RTI

Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query

Banking services likely to be partially affected today as employees unions call for 24-hour strike; RBI, SBI to function normally
Business

Banking services likely to be partially affected today as employees unions call for 24-hour strike; RBI, SBI to function normally

Regional Rural Banks and cooperatives banks will also not participate in the strike as mergers do not affect them, sources said.

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report
Business

Credit growth at banks falls to lowest level in nearly two years as slowing consumption weighs on demand: RBI report

Lending growth by banks had nearly halved to 8.8 percent at the end-September from the start of the year.

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April
Business

Total of 34 functional teams to smoothen bank merger of UBI, PNB, OBC; to come into force on 1 April

The complete harmonisation among the three entities would take another 12 to 14 months after the merger

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September
Business

PSB mega mergers: PNB to consider Rs 18,000-cr capital infusion in board meeting on 5 September

Finance Ministry has decided that PNB, OBC and UBI may consider the amalgamation of OBC and UBI into PNB

Bank of Baroda posts Rs 710 cr net income in first earnings since merger with Dena, Vijaya Bank
Business

Bank of Baroda posts Rs 710 cr net income in first earnings since merger with Dena, Vijaya Bank

The lender is looking at raising Rs 6,000 crore, which includes Rs 4,500 crore from tier 1 bonds and Rs 1,500 crore from employees stock purchase scheme in the near-term

CVC tells ministries to take action against corrupt bureaucrats before they retire; 25 officials from SBI, Canara Bank, PNB, other banks under scanner
India

CVC tells ministries to take action against corrupt bureaucrats before they retire; 25 officials from SBI, Canara Bank, PNB, other banks under scanner

The anti-corruption watchdog Central Vigilance Commission (CVC) has asked the government departments to take timely action against tainted bureaucrats and not wait till their retirement

Banks colluded with Amrapali developers in misappropriation of loans for housing projects: Supreme Court
Business

Banks colluded with Amrapali developers in misappropriation of loans for housing projects: Supreme Court

More than 40,000 homebuyers are suing Amrapali in a long-running legal battle over delays to projects

Quarterly earnings to drive markets this week; indices may see volatility due to Fed policy meeting, monsoon, say analysts
Business

Quarterly earnings to drive markets this week; indices may see volatility due to Fed policy meeting, monsoon, say analysts

Quarterly earnings from frontline companies such as HUL, Maruti Suzuki and Kotak Mahindra Bank would set the trend for equity markets

Bank of Baroda to foray into e-commerce business, plans to offer banking services, farm-related products
Business

Bank of Baroda to foray into e-commerce business, plans to offer banking services, farm-related products

Bank of Baroda said it is keen to strategise and enhance online digital capabilities with a focus on creating a marketplace to fulfil services relating to different segments of customers' daily needs and lifestyle needs.

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr
Business

FinMin assessing capital needs of PSU banks; Budget 2019-20 may make provision for Rs 30,000 cr

Five weak banks under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI) too need capital to maintain minimum regulatory capital ratios as per the Basel III norms.

RBI's new framework to expedite resolution of stressed assets: Sashakt committee on bad loans
Business

RBI's new framework to expedite resolution of stressed assets: Sashakt committee on bad loans

The Reserve Bank on Friday had replaced a tough norm on NPA categorisation by lenders, as it was quashed by the Supreme Court in April

Bank of Baroda narrows Q4 loss to Rs 991 crore, NPA provisions at over Rs 5,550 crore
Business

Bank of Baroda narrows Q4 loss to Rs 991 crore, NPA provisions at over Rs 5,550 crore

Bank of Baroda had posted a net loss of Rs 3,102.34 crore in the similar January-March period of fiscal 2017-18

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
Business

Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out

The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.

Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court
Business

Amrapali Group committed first degree crime by cheating home buyers, will be booked and prosecuted, says Supreme Court

Amrapali Group "cheated everybody including home buyers, banks and authorities and indulged in cartelization to prevent the Debt Recovery Tribunal from auctioning its unencumbered properties", SC said.

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years
Business

Bank of Baroda expects to complete integration of Dena Bank, Vijaya Bank in two years

State-owned Bank of Baroda (BoB) is likely to complete the process of merger of Dena Bank and Vijaya Bank with it in two years, said a senior official of BoB