Mon, Jan 15, 2024
In this, general fixed deposit account holders will receive interest of up to 7.10 per cent, while senior citizens will receive 7.60 per cent interest
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Mon, Dec 18, 2023
"The Capital Raising Committee of the Bank has approved raising of tranche I of Basel III complaint Tier II bonds with a base issue size of Rs. 1000 crore with a greenshoe option to retain oversubscription up to Rs.1500 crore, totaling Rs. 2500 crore (Maturity of 10 years with a call of option at the end of 5 year)," said Bank of Baroda in a statement after market hours on Friday.
Thu, Nov 23, 2023
RBI Governor Shaktikanta Das had on Wednesday said a few segments like housing, vehicles and small businesses have been excluded because of the impetus to economic growth such loans provide.
Sat, Jan 12, 2019
Bank of Baroda has revised the said changes and it will come into effect from 1st February 2019.
Wed, Jan 02, 2019
Bank of Baroda (BoB) Wednesday finalised the share swap ratio for merger of Vijaya Bank and Dena Bank with itself. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held.
Wed, Dec 26, 2018
Shareholders of Bank of Baroda will meet next month to consider issuing up to 10 crore new shares under Employee Share Purchase Scheme (ESPS).
Tue, Dec 04, 2018
Bank of Baroda SO Recruitment 2018: In a recruitment notification for the posts of Specialist Officer, Bank of Baroda (BOB) has notified 913 vacant positions of Specialist Officers in Scale I, Scale II, and Scale III in different categories of Legal, Wealth Management Services - Sales & Wealth Management Services - Operations.
Mon, Oct 01, 2018
Tackling human resources issues will be the largest challenge while merging Dena Bank and Vijaya Bank with Bank of Baroda (BoB). But the over 50,000 employees of the bank owe their allegiance to their managing director and chief executive officer P S Jayakumar for implementing employee-friendly HR policies.
Thu, Sep 20, 2018
First concern is of employee integration. Analysts at brokerage IDFC pointed towards the employee integration and likely discovery of higher NPAs of Dena Bank after the merger while downgrading Bank of Baroda (BoB).
Wed, Sep 19, 2018
BOB shares crashed 16.03%, closing at Rs 113.45 while Vijaya Bank shares were also down 5.69% to close at Rs 56.40 on the BSE as investors could not make sense of the merger.
Tue, Sep 18, 2018
Ramesh Singh, Executive Director, Dena Bank, in an exclusive interview with Anil Singhvi, Managing Editor, Zee Business, said this merger is beneficial for the bank as well as its customers. The merger process is likely to be completed in the next 3- to-6 months.
The bad loans of five associate banks of SBI as on March 31, 2017 were about Rs 65,000 crore and that of SBI Rs 112,000 crore -- that is a total of Rs 177,000 crore, he reportedly said, adding that after the merger, SBI's bad loans in 2018 increased to Rs 225,000 crore.
"The consolidation will help create a strong globally competitive bank with economies of scale and enable realisation of wide-ranging synergies," Jaitley said.
Sun, Sep 02, 2018
Soon after he assumed charge, BoB made a loss of Rs 3,342 crore in the third quarter (October-December) of 2015-16. In the subsequent quarter too, the lender posted a loss of Rs 3,230.1 crore.
Thu, Feb 22, 2018
Stock of Bank of Baroda closed 1.65 per cent down at Rs 143.20 apiece on the BSE today
Mon, Feb 19, 2018
Kothari had taken a loan of more than Rs 800 crore from five state-owned banks
Wed, Jan 24, 2018
In November, the Finance Committee of the Board approved the proposal of raising additional equity capital
Fri, Nov 11, 2016
Gross non-performing assets (GNPA) got nearly doubled this quarter in comparison with previous year same period. GNPA stood at 11.35% this period, expanding by 579 basis points yoy and 20 basis points.
Sat, Nov 05, 2016
Indian banks are needed to revise MCLR rate monthly by taking in account factors like the repo rate and other borrowing rates.
Mon, Jul 25, 2016
Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of this night: 1. Verizon acquires Yahoo at Rs 33,000 crore
RBI on Monday imposed an aggregate penalty of Rs 3 crore on Punjab National Bank under the Banking Regulation Act, 1949.
Sat, Jun 18, 2016
The Cabinet’s approval for State Bank of India’s (SBI) merger with its associate banks has given way to other public sector banks (PSB) to follow a similar path.
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