Bank Of Baroda

BJP Youth Wing Chief Declared Wilful Defaulter By Bank Of Baroda

Mumbai News | Press Trust of India | Friday June 7, 2019

BJP leader Mohit Kamboj has been declared a "wilful defaulter" by the state-run Bank of Baroda. Kamboj, chief of Mumbai unit of Bhartiya Janata Yuva Morcha who was in news earlier this year when he replaced his last name with "Bhartiya", disputed the bank's action, saying he had paid his dues as a personal guarantor for a loan.

Bank Exchange Traded Fund Likely By December As Government Looks To Cut Stake: Report

Business | Indo-Asian News Service | Tuesday May 28, 2019

Government holding in several PSU banks continues to remain at very high levels. It is as high as 75 per cent in PNB and 65 per cent in Bank of Baroda

From Monday, Vijaya Bank, Dena Bank Branches To Function As Bank Of Baroda's

Business | Indo-Asian News Service | Sunday March 31, 2019

The merged entity would also receive a fund infusion of Rs 5,042 crore from the government. The Ministry of Finance has conveyed its decision to infuse the capital in Bank of Baroda.

Dena Bank, Vijaya Bank Become Part Of Bank Of Baroda: 10 Things To Know

Business | NDTV Profit Team | Monday April 1, 2019

State-run Dena Bank and Vijaya Bank are a part of Bank of Baroda from today, marking the first-ever three-way merger in India's banking sector. The amalgamation of Vijaya Bank and Dena Bank into Bank of Baroda, first announced in September last year, comes into force from April 1, 2019. The development creates the country's third largest public sec...

Supreme Court Rejects Plea To Stay Merger Of Three State-Owned Banks

Business | Indo-Asian News Service | Thursday March 28, 2019

Rejecting the plea by the staff and officers of two merging banks and their associations, the bench of Justice Rohinton Fali Nariman and Justice Vineet Saran in its order said: "No case for grant of stay."

Latest Fixed Deposit (FD) Interest Rates Offered By SBI, PNB, Bank Of Baroda

Business | NDTV Profit Team | Friday March 15, 2019

Some fixed deposits come with a premature withdrawal facility while some require a compulsory lock-in period.

RBI Slaps Penalties Worth Rs 71 Crore On 36 Banks For Non-Compliance Of SWIFT Norms

Business | Press Trust of India | Saturday March 9, 2019

The banks include, Bank of Baroda, City Union Bank, HSBC, ICICI Bank, SBI and YES Bank.

Cheaper Loans On Anvil As Banks Brace For Rate Cuts: Report

Business | Indo-Asian News Service | Tuesday March 5, 2019

After initial dithering, banks are now falling in line to cut interest rates after the RBI asked them to do so last month. A low interest rate cycle is on the anvil with a majority of banks now settling to cut lending rates by 5-10 basis points.

Hasmukh Adhia Appointed Non-Executive Chairman Of Bank Of Baroda

Business | Press Trust of India | Friday March 1, 2019

Hasmukh Adhia, a 1981-batch IAS officer of Gujarat cadre, superannuated on November 30 last year. He last served as the Finance Secretary.

Government Plans More PSU Bank Mergers: Report

Business | Indo-Asian News Service | Thursday February 28, 2019

After April 1, the number of state-run lenders will come down from 21 to 18 following the amalgamation of three banks.

Probe Alleged 31,000 Crore Fund Diversion By DHFL: Yashwant Sinha

India News | Press Trust of India | Wednesday January 30, 2019

Former finance minister Yashwant Sinha on Tuesday demanded a probe into alleged diversion of Rs 31,000 crore of loans by DHFL that the company raised from state-owned banks including SBI and Bank of Baroda, a charge the non-banking financial company termed as mischievous with a mala fide intention.

Bank Of Baroda Posts Profit Of Rs 471 Crore In December Quarter

Business | Thomson Reuters | Tuesday January 29, 2019

Net profit jumped to Rs 471 crore ($66.21 million) in the three months ended December 31, 2018, from Rs 112 crore a year earlier.

No Job Losses Due To Merger Of State-Owned Banks: Arun Jaitley

Business | Press Trust of India | Friday January 4, 2019

Earlier this week, the Cabinet approved merger of Vijaya Bank and Dena Bank with Bank of Baroda.

Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger

Business | Thomson Reuters | Thursday January 3, 2019

Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each, while Vijaya Bank shareholders would get 402 Bank of Baroda shares of Rs 2 each for every 1,000 shares of Rs 10 each. Last year, the government revealed plans to merge state-run Dena Bank, Vijaya Bank and Bank of B...

Bank Of Baroda To Raise Up To Rs 1,285 Crore Through Bonds

Business | Press Trust of India | Wednesday January 2, 2019

Bank of Baroda said its board has approved raising up to Rs 1,285 crore by issuing Basel III compliant bonds