Bank of Baroda has launched the bob Golden Goal Deposit Scheme, a 555-day retail term deposit offering interest rates of up to 7.40 per cent per annum. The scheme is available for deposits below ₹3 crore and can be accessed online or through branches.
MVS Sudhakar has assumed charge as General Manager and Zonal Head of Bank of Baroda’s Hyderabad Zone. With over 30 years of experience, he will focus on business growth, compliance, digital banking, and strengthening MSME, retail, and agriculture segments.
Small and medium scale merchants such as local retail shops, grocery stores, pharmacies, etc., that have an account with Bank of Baroda, and are registered on the bobMerchant App, can now independently design and run cashback/loyalty programmes
The benefits of the agreement will pass on to six States covered under SCR-Telangana, Andhra Pradesh, Maharashtra, Karnataka, Madhya Pradesh and Tamil Nadu
MoU includes special benefits such as free comprehensive Personal Accident Insurance Cover, Free Hospicash facility, special offers on retail loans, debit/credit cards
"Pursuant to the allotment of equity shares in the issue, the paid-up equity share capital of the bank stands increased to Rs 1,034.27 crore, comprising 517,13,62,179 equity shares," said the lender.
LIC, SBI and BoB are the sponsors of LIC MF, SBI MF and Baroda MF and at the same time, they were holding over 18 per cent stake in both UTI MF and UTI Trustee Company.
