Bank Of Baroda
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Attention Bank Customers! These banking services rules have changed from today. Details
Business | Jul 01, 2020, 12:17 PM ISTBanking Services Rules Changes: In order to give people some relief due to COVID-19 pandemic, the government had relaxed some rules of financial services like transaction charges after exhausting free cash withdrawal limit on ATM, minimum account balance. The new banking services rules have set in from today.
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Bank of Baroda to offer up to Rs 12 thousand crore loans to MSMEs under credit guarantee scheme
Business | May 23, 2020, 05:43 PM ISTState-run Bank of Baroda on Saturday said it can offer up to Rs 12,000 crore in loans to MSMEs under the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) announced by the government.
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NPAs of BoB, Indian Bank surge multi-fold in 6 years: RTI data
Business | May 03, 2020, 01:48 PM ISTNon-performing assets of Bank of Baroda soared more than six-fold to Rs 73,140 crore while those of Indian Bank surged four-times to Rs 32,561.26 crore in six years, according to a Right to Information reply. The NPA of Bank of Baroda (BoB) rose from Rs 11,876 crore at March-end 2014 to Rs 73,140 crore at December-end 2019, the RTI reply showed.
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COVID-19: Bank of Baroda announces ex-gratia, health cover for business correspondents
Business | Apr 26, 2020, 02:13 PM ISTThe bank has taken steps for BCs' financial security, in terms of ex-gratia payment of Rs 10 lakh to the nominee in case of loss of life due to COVID-19, and health insurance facility of Rs 60,000 to each active BC, it said in a statement.
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Bank of Baroda cuts MCLR by 0.15 per cent across tenors
Business | Apr 09, 2020, 06:32 PM ISTState-owned Bank of Baroda on Thursday announced to cut marginal cost of funds based lending rate by 0.15 per cent across all tenors, which will bring down cost of consumer loans.
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Bank of Baroda launches loan scheme for retail customers
Business | Apr 08, 2020, 01:33 PM ISTIn the wake of COVID-19 pandemic, public sector lender Bank of Baroda has launched "Baroda Personal Loan COVID 19" for its existing retail loan customers (home loan, auto loan & loan against property).
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Bank of Baroda cuts personal, retail loan rates by 75 bps to 7.25%
Business | Mar 30, 2020, 12:29 PM ISTBank of Baroda on Monday said it has slashed the interest rate on loans for retail, personal and Micro, Small and Medium Enterprises (MSMEs) to 7.25 per cent with effect from March 28.
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Finance Secretary launches Baroda Startup Banking in 15 cities
Business | Feb 26, 2020, 04:09 PM ISTFinance Secretary Rajiv Kumar on Wednesday inaugurated Baroda Startup Banking, an initiative aimed at making the bank a preferred banking partner for the start-up community and establishing connect with at least 2,000 start-ups over the next two years.
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Good news for SBI, BoB and Allahabad Bank loan customers; EMIs to go down
Business | Feb 14, 2020, 06:28 PM ISTThere's good news for customers who are paying EMIs for their loans with State Bank of India, Bank of Baroda and Allahabad Bank. From today, the EMIs of SBI loans - India's largest bank - will go down as the bank has reduced the MCLR by 0.05 per cent. Bank of Baroda and Allahabad Bank has also reduced the MCLR by the same value. The new rates are applicable from today (February 14).
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Good News for Bank of Baroda customers! Home, car and other loans get cheaper
Business | Feb 10, 2020, 04:18 PM ISTState-owned Bank of Baroda,( New Delhi) on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 basis points, effective February 12. The reduction will make home, auto and other loans cheaper for new borrowers.
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Bank strike: Alert! SBI, BoB, other banks to remain closed on these days. Check details
Business | Jan 31, 2020, 12:12 PM ISTBank Strike: All government banks including SBI (State Bank of India) have decided to go on two-day strike, starting from today. Services at branches, particularly in PSUs, could be affected as several bank employees' unions have called for a two-day bank strike.
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Bank of India, Bank of Baroda and Canara Bank get new MD & CEOs
Business | Jan 21, 2020, 07:40 AM ISTThe government on Monday appointed heads of three large public sector banks - Bank of Baroda, Bank of India and Canara bank for a period of three years. Sanjiv Chadha has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda (BoB) by Appointments Committee of the Cabinet (ACC).
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Union Bank to cut MCLR by 10 bps, BoB to slash 1-month rate by 5 bps
Business | Jan 10, 2020, 07:07 PM ISTState-run Union Bank of India (UBI) on Friday said it will cut the marginal cost of funds based lending rate (MCLR) by 0.10 percentage points across tenors from Saturday.
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Bank strike: SBI to Bank of Baroda, services at these banks to be hit across India today
Business | Jan 08, 2020, 03:42 PM ISTBank Strike: If you have any important work at bank branches than on Wednesday then you'll have to wait for Thursday as operations across bank branches including State Bank of India (SBI) and ATMs will be affected across the country due to Bharat Bandh.
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Bank of Baroda to sell up to 1.04 cr shares in UTI AMC initial public offering
Business | Dec 09, 2019, 09:42 PM ISTThe Investment Committee of Bank of Baroda in its meeting held today has approved the participation in the proposed initial public offering of equity shares of UTI.
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RBI slaps Rs 2.50 cr fine on Bank of Baroda for violating directions on Bihar NGO
Business | Nov 19, 2019, 04:52 PM ISTIt is alleged that the NGO, which was working towards imparting training to women, had pilfered government funds in connivance with the bank officials and state government officials between 2003 and 2014.
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BBB recommends names for heading 3 state-owned banks
Business | Nov 13, 2019, 03:41 PM ISTThe Banks Board Bureau (BBB) has recommended names of Sanjiv Chadha, L V Prabhakar and Atanu Kumar Das for the post of managing director and chief executive officer (MD & CEO) of three state-owned lenders -- Bank of Baroda, Canara Bank and Bank of India
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Bank of Baroda shares jump over 5 per cent on higher Q2 earnings
Business | Nov 11, 2019, 12:59 PM ISTState-owned Bank of Baroda on Friday reported a jump of 73.2 per cent in its net profit to Rs 736.68 crore in the second quarter ended September 30.
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SBI, BOB restrict cash withdrawals from micro-ATMs of other banks
Business | Oct 04, 2019, 12:38 PM ISTBank ATM users alert: Bank of Baroda (BoB) and State Bank of India (SBI) have put cash withdrawal limitations for customers at micro-ATM terminals of other banks, in a move that would majorly impact banking services in rural areas.
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Bank of Baroda signs MoU with Indian Army for customised services
Business | Oct 02, 2019, 03:42 PM ISTThe MoU includes handsome free personal accident insurance cover, free air accident insurance cover of Rs 15 lakh to Rs 50 lakh and an overdraft facility up to three times of monthly net salary, the public sector bank said in a statement.