"bank-of-baroda"

The penalties have been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1), of the Banking Regulation Act, 1949, as applicable.

The lender, in a notification, said it intends to sell these NPA accounts to asset reconstruction companies (ARCs) / banks / NBFCs or other financial institutions (FIs) on 100 per cent cash basis.

For fiscal year 2020-21, the bank reported a net profit of Rs 828.95 crore, up 52 per cent from Rs 546.18 crore a year ago.

Sebi’s move to better regulate market discipline in the issue of AT-1 bonds will lead to informed investment decisions

For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.

With high credit costs continuing to suppress their profitability, the banks' capital buffers will remain insufficient.

Total income of the bank fell to Rs 22,070.52 crore during October-December period of 2020-21 from Rs 23,134.67 crore in the year-ago quarter, Bank of Baroda said in a regulatory filing.

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.

Bank of Baroda has entered into MoU arrangement with SIDBI for a web-based platform namely ‘Asset Restructuring Module for MSMEs

The banking services via the messaging platform is available 24x7, with no additional requirement of application download, it said.

BoB renewed its existing MoU with Indian Army to offer specially customised banking services through ‘Baroda Military Salary Package’

The bank has completed the integration of 1,770 erstwhile Dena Bank branches in December 2020, and had earlier completed the integration of 2,128 erstwhile Vijaya Bank branches in September 2020, the lender said in a release.

Public sector bank keen to serve priority sectors and startups, says new Zonal Head, Man Mohan Gupta

In his last assignment prior to joining Hyderabad Zone, he was General Manager-Head of MSME at the BoB Corporate office, Mumbai.

Chintala Venkat Reddy is an organic farmer known for his soil and nutrient management techniques in farming

The lender said it is offering a waiver of 0.25 per cent in the existing applicable rates for Baroda Home Loans (under take over cases only) and Baroda Car Loans.